|
Report Date : |
23.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ZIM LABORATORIES LIMITED |
|
|
|
|
Formerly Known
As : |
ZIM LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 104, Vivek Co-operative Housing Society, Pipeline Road, Behind
Tilak Nagar, Chembur, Mumbai-440089, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.02.1984 |
|
|
|
|
Com. Reg. No.: |
11-032172 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.79.985
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L99999MH1984PLC032172 [Old] L99999MH1984PLC032172 [New] |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMZ01062F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ0200E |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares
are Listed on The Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturing of Pharmaceuticals Products. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Profitability of the company seems to be fair. General financial
position of the company seems to be sound and healthy. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BBB |
|
Rating Explanation |
Moderate degree at safety and moderate credit risk. |
|
Date |
15.01.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A3+ |
|
Rating Explanation |
Moderate degree at safety and high credit risk. |
|
Date |
15.01.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Mukesh Kabra |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-7118-271370 |
|
Date : |
21.01.2014 |
LOCATIONS
|
Registered Office : |
Flat No. 104, Vivek Co-operative Housing Society, Pipeline Road, Behind
Tilak Nagar, Chembur, Mumbai-440089, Maharashtra, India |
|
Tel. No.: |
91-22-25230284 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Administrative/ Corporate Office : |
Universal Square, 545, Post Box, 320, Shantinagar, Nagpur-440002, Maharashtra, India |
|
Tel. No.: |
91-712-2760807/2764597 / 2760307/2770959 |
|
Fax No.: |
91-712-2763212 / 2770757 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Plot No. B-21/22, MIDC Industrial Area, Kalmeshwar, District Nagpur-441501, Maharashtra, India |
|
Tel. No.: |
91-7118-271370/ 271990/ 271480 / 8271470 |
|
Fax No.: |
91-7118-271470/ 271780/ 440002 |
|
E-Mail : |
|
|
Area : |
1.5 Acer |
|
Location : |
Leased |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Anwar Siraj Daud |
|
Designation : |
Managing Director |
|
Address : |
Daud Compound, Shanti Nagar, Nagpur-440002, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1958 |
|
Date of Appointment : |
01.08.2012 |
|
Din No.: |
00023529 |
|
Pan No.: |
ABHPD8385K |
|
|
|
|
Name : |
Mr. Zulfiquar Murtaza Kamal |
|
Designation : |
Whole-time director |
|
Address : |
MA-8, MIG Colony, Laxmi Nagar, Nagpur – 440022, Maharashtra, India |
|
Date of Birth/Age : |
27.08.1960 |
|
Date of Appointment : |
19.10.2012 |
|
Din No.: |
01786763 |
|
Pan No.: |
AASPK1812E |
|
|
|
|
Name : |
Mr. Riyaz Ahmed Kikabhai Kamal |
|
Designation : |
Whole Time Director |
|
Address : |
67/D, Near MSEB Substation, Shantinagar, Nagpur-440002, Maharashtra, India |
|
Date of Birth/Age : |
19.05.1951 |
|
Date of Appointment : |
01.04.2009 |
|
Din No.: |
00023562 |
|
|
|
|
Name : |
Mr. Suprakash Shivamoy Chakravarty |
|
Designation : |
Director |
|
Address : |
1101, Caviana – A, Hiranandani Estate, Ghodbunder Road, Thane – 400607, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1949 |
|
Date of Appointment : |
19.10.2012 |
|
Din No.: |
03010382 |
|
|
|
|
Name : |
Mr. Naresh Janardhan Gaikwad |
|
Designation : |
Director |
|
Address : |
A2-104, Mathda Colony, Amravati Road, Nagpur-440001, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1954 |
|
Date of Appointment : |
28.09.2012 |
|
Din No.: |
02185462 |
|
|
|
|
Name : |
Mr. Veerendra Kumar Parashar |
|
Designation : |
Director |
|
Address : |
13-P, Bharat Nagar, Nagpur-440033, Maharashtra, India |
|
Date of Birth/Age : |
04.11.1940 |
|
Date of Appointment : |
30.09.2011 |
|
Din No.: |
02456416 |
|
|
|
|
Name : |
Mr. Rahul Deshpande |
|
Designation : |
Nominee director |
|
Address : |
B-701, Sprint Time Cooperative Housing Society, 3rd Road, off Golibar Road, Santacruz (East), Mumbai – 400055, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1976 |
|
Date of Appointment : |
19.10.2012 |
|
Din No.: |
03644514 |
KEY EXECUTIVES
|
Name : |
Rishinaradamangalam Anantharaman Parasuraman |
|
Designation : |
Secretary |
|
Address : |
Flat No. 6, Atrey Apartment, 6, Buty Plots, Dharampeth, Nagpur-440010,
Maharashtra, India |
|
Date of Birth/Age : |
02.11.1936 |
|
Date of Appointment : |
01.02.2008 |
|
Pan No.: |
AGWPP7486K |
|
|
|
|
Name : |
Mr. Mukesh Kabra |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
27.64 |
|
Bodies corporate |
16.45 |
|
Directors or relatives of Directors |
45.09 |
|
Other top fifty shareholders |
5.25 |
|
Other |
5.57 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pharmaceuticals Products. |
||||||||
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Products : |
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Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
·
Algeria ·
Sri Lanka |
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw Material |
||||||||
|
Countries : |
China |
||||||||
|
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|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
L/C and Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Tablets |
Nos. |
17149.80 |
30320.884 |
|
Capsules |
Nos. |
5670.00 |
3689.071 |
|
Pellets |
KG |
4.07 |
4.428 |
|
Dry Syrup |
LTR |
0.03 |
0.004 |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India ·
Bank of India, Nagpur Mid-Corporate Branch, S
V Patel Marg,, Nagpur - 440001, Maharashtra, India · State Bank of India ( Lead Bank of Consortium), Commercial Branch (Advances), N.G.N Vaidya Marg, Bank Street, Horniman Circle, Post Box10141, Mumbai - 400001, Maharashtra, India ·
The Shamrao Vithal Co-Operative Bank Limited,
Yamuna Sadan, Saki Vihar Road, Sakinaka, Andheri (East), Mumbai - 400072,
Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
14th Floor, The Ruby 29 Senapati Bapat Marg, Dadar (West ), Mumbai-400028, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9180N |
|
|
|
|
Entities where key managerial
personnel have significant influence: |
Unijules Life Sciences Limited, India [U52311MH2006PLC158928] |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs. 110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7998520 |
Equity Shares |
Rs.10/- each |
Rs. 79.985
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
79.985 |
60.000 |
60.000 |
|
(b) Reserves & Surplus |
988.168 |
426.108 |
268.600 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
41.703 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1068.153 |
527.811 |
328.600 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
184.885 |
145.246 |
54.079 |
|
(b) Deferred tax liabilities (Net) |
35.685 |
37.231 |
26.098 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.433 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
223.003 |
182.477 |
80.177 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
380.494 |
376.885 |
340.821 |
|
(b) Trade payables |
326.129 |
280.302 |
247.928 |
|
(c) Other current
liabilities |
115.645 |
125.347 |
175.048 |
|
(d) Short-term provisions |
69.717 |
60.549 |
36.325 |
|
Total Current Liabilities (4) |
891.985 |
843.083 |
800.122 |
|
|
|
|
|
|
TOTAL |
2183.141 |
1553.371 |
1208.899 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
434.873 |
403.030 |
329.746 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
232.946 |
52.711 |
21.098 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.510 |
0.529 |
10.512 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
27.814 |
23.031 |
9.294 |
|
(e) Other Non-current assets |
3.163 |
16.525 |
0.000 |
|
Total Non-Current Assets |
699.306 |
495.826 |
370.650 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
236.210 |
140.037 |
165.275 |
|
(c) Trade receivables |
773.525 |
590.856 |
451.035 |
|
(d) Cash and cash
equivalents |
239.309 |
117.862 |
61.105 |
|
(e) Short-term loans and
advances |
232.237 |
208.459 |
160.834 |
|
(f) Other current assets |
2.554 |
0.331 |
0.000 |
|
Total Current Assets |
1483.835 |
1057.545 |
838.249 |
|
|
|
|
|
|
TOTAL |
2183.141 |
1553.371 |
1208.899 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1850.037 |
1826.572 |
1408.974 |
|
|
|
Other Income |
34.940 |
39.705 |
20.922 |
|
|
|
TOTAL (A) |
1884.977 |
1866.277 |
1429.896 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
985.745 |
1059.775 |
882.600 |
|
|
|
Purchases of stock-in-trade |
235.389 |
15.840 |
15.057 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(73.996) |
23.842 |
(32.280) |
|
|
|
Employee benefit expense |
128.666 |
112.273 |
86.324 |
|
|
|
Other expenses |
311.556 |
319.493 |
261.112 |
|
|
|
TOTAL (B) |
1587.360 |
1531.223 |
1212.813 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
297.617 |
335.054 |
217.083 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
89.035 |
76.605 |
62.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
208.582 |
258.449 |
154.994 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
30.616 |
23.555 |
17.691 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
177.966 |
234.894 |
137.303 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
82.725 |
70.413 |
42.468 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
95.241 |
164.481 |
94.835 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
416.404 |
263.096 |
175.258 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.381 |
4.200 |
0.000 |
|
|
|
Proposed Dividend |
7.999 |
6.000 |
6.000 |
|
|
|
Tax on Dividend |
1.298 |
0.973 |
0.996 |
|
|
BALANCE CARRIED TO
THE B/S |
499.967 |
416.404 |
263.097 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.82 |
27.41 |
15.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.53
|
8.81 |
6.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.62
|
12.86 |
9.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.13
|
15.66 |
11.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.45 |
0.42 |
|
0 |
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.53
|
0.99 |
1.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66
|
1.25 |
1.05 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
CASE DETAILS
BENCH:-BOMBAY
|
|
Lodging No.:- |
LPETNL/15/2009 |
Filing Date:- |
27/01/2009 |
Reg. No.:- |
LPETN/15/2009 |
Reg. Date:- |
27/01/2009 |
|
|
|
Petitioner:- |
AJANTA PHARMA LIMITED |
Respondent:- |
ZIM LABORATORIES LIMITED |
|
|
|
Petn.Adv.:- |
MAHESH A MAHADGUT (0) |
|
|
|
District:- |
Bombay |
|
|
|
Bench:- |
SINGLE |
|
|
|
|
|
Status:- |
Pre-Admission |
Category:- |
LEAVE PETITION UNDER CLAUSE XIV |
|
NOTE:
The registered office of the company has been shifted from
41,
WORKING RESULTS:-
The Net sales for the financial year were Rs. 1850.037 Millions as against Rs. 1826.572 Millions for the previous financial year registering an increase of 1.28 % over the previous year. The profit before tax has decreased from Rs.234.894 Millions to Rs. 154.926 Millions during the year.
PRESENT OUTLOOK:
Continued to post satisfactory progress in all its business areas. The enhancement of capacity at existing plant site is at final stage of completion and a new cephalosporin formulation unit was commissioned. The company realizing that it could tap the great institutional market opportunity available by increasing its penetration, decided to create its own institutional marketing team, initiating recruitments for creating specialized division to address the market on its own.
PROJECTION:
The Iranian market development efforts started yielding result along with those in Cuba, Congo and Ecuador by March end. The pending orders in these new territories exceeded 100.000 Millions. These emerging markets along with Kenya and Yemen, where the company has been approved after successful MOH audits are expected to give enhanced growth by leveraging Company’s existing products in wider geography.
Also having developed the Oral Thin film technology and finding it to be an exciting technology for growing its existing and future markets steps were initiated to fast track the building of a small OTF manufacturing facilities.
The OTF facility is under construction and timed for July 13 completion and five products applications have been submitted to DCG for approval.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Borrowing from government semi-government bodies |
5.500 |
3.000 |
|
Deferred sales tax loan |
5.137 |
5.137 |
|
Loans repayable on demand from others |
0.000 |
4.265 |
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
13.336 |
0.000 |
|
Other loans and advances [ |
0.000 |
19.162 |
|
Total |
23.973 |
31.564 |
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10456796 |
17/10/2013 |
170,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B88214192 |
|
2 |
10412179 |
27/02/2013 * |
670,600,000.00 |
BANK OF INDIA |
NAGPUR
MID-CORPORATE BRANCH, S V PATEL MARG, NA |
B71677348 |
|
3 |
10335637 |
17/01/2012 |
160,200,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B32159568 |
|
4 |
10237019 |
12/03/2008 |
238,500,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK
LIMITED |
YAMUNA SADAN,
SAKI VIHAR ROAD, SAKINAKA, ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400072,
INDIA |
A51231785 |
|
5 |
10237012 |
30/10/2007 |
146,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK
LIMITED |
YAMUNA SADAN,
SAKI VIHAR ROAD, SAKINAKA, ANDHERI |
A51231447 |
|
6 |
10233822 |
20/10/2007 |
123,500,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK
LIMITED |
YAMUNA SADAN,
SAKI VIHAR ROAD, SAKINAKA, ANDHERI |
A51225753 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Office equipment
· Vehicles
· Plantations
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.101.98 |
|
Euro |
1 |
Rs.83.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.