.
|
Report Date : |
29.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
BAJAJ HEALTH CARE LIMITED
(w.e.f. 31.03.2005) |
|
|
|
|
Formerly Known
As : |
BAJAJ HEALTH CARE PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
N-216, 217 and 128, MIDC, Tarapur, Boisar, District Thane – 401 506, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.07.1993 |
|
|
|
|
Com. Reg. No.: |
11-72892 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 37.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1993PLC072892 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB05906F / MUMB11908B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB0103B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Amino Acid, Nutritional Supplements and Active
Pharmaceutical Ingredients. |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The company has reported a loss during 2013, due to which the position
of reserves has slightly deteriorated. However, the overall position appears
to be decent. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and brown
field (existing) pharmaceutical companies, despite concerns over genetic drugs
going out of production, if multi-national companies take over domestic ones.
In M&A deals, a non compete clause would not be allowed, except in special
circumstances. The Department of Industrial Policy and Promotion plans to
release the next edition of its consolidated foreign direct investment policy
document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General Election.
The government will soon launch an internet spy system, called Netra, to detect
malafide messages. Security agency will deploy the system to capture dubious
voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
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. Rupesh |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-40177400 |
|
Date : |
28.01.2014 |
LOCATIONS
|
Registered Office / Factory 1 : |
N-216, 217 and 128, MIDC, Tarapur, Boisar, District Thane – 401 506,
Maharashtra, India |
|
Tel. No.: |
91-2525-279589 / 271025 |
|
Fax No.: |
91-2525-271012 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Block No. 588, Savli - Karachia Road, Taluka Savli, District Vadodara, Gujarat, India |
|
Tel. No.: |
91-2667-222200 / 222337 / 222890 |
|
Fax No.: |
91-2667-222889 |
|
|
|
|
Corporate Office : |
202-204, Faiz - E - Qutbi, 375, Narshi Natha Street, Mumbai – 400 009, Maharashtra, India |
|
Tel. No.: |
91-22-40177400 / 477 / 01 / 02 |
|
Fax No.: |
91-22-23450481 / 23410863 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sajankumar Rameshwarlal Bajaj |
|
Designation : |
Managing Director |
|
Address : |
306, Yogi Tower, Yogi Nagar, Borivali, Mumbai – 400 091, Maharashtra,
India |
|
Date of Birth/Age : |
09.11.1959 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
ADOPB0559Q |
|
DIN No.: |
00225950 |
|
|
|
|
Name : |
Mr. Anil Champalal Jain |
|
Designation : |
Whole Time Director |
|
Address : |
1401 / 1402, Shankeshwar
Darshan, Sheth Motisha Lane, Mazgaon, Mumbai - 400 010, Maharashtra, India |
|
Date of Birth/Age : |
07.10.1974 |
|
Qualification : |
D. Pharmacy |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
ADYPJ 70000Q |
|
DIN No.: |
00226137 |
|
|
|
|
Name : |
Mr. Dhananjay Sabaji Halte |
|
Designation : |
Whole Time Director |
|
Address : |
C-304, Rajdharm,
Kopar Road, Dombivli (West), Thane – 421 202, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1971 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
AADPH3173N |
|
DIN No.: |
00226390 |
|
|
|
|
Name : |
Mr. Gopal Vaikunthlal Mehta |
|
Designation : |
Whole Time Director |
|
Address : |
R Block, Flat No. 15, Sikka Nagar, V. P. Road, Mumbai – 400 004, Maharashtra,
India |
|
Date of Birth/Age : |
09.09.1948 |
|
Qualification : |
Under Graduate |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
AAVPM5478P |
|
DIN No.: |
00226625 |
|
|
|
|
Name : |
Namrata Bajaj |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Rupesh |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
Equity Shareholders
|
Names of Shareholders |
|
No. of Shares |
|
Babita S. Bajaj |
|
180000 |
|
Sajankumar R Bajaj |
|
1062000 |
|
S R K Bajaj HUF |
|
180000 |
|
Namrata S. Bajaj |
|
189000 |
|
Nihita S. Bajaj |
|
189000 |
|
Anil C Jain |
|
164000 |
|
Padma A Jain |
|
36000 |
|
Jyoti Food Stuff Limited, India |
|
90000 |
|
Elpee Corporate Services Private Limited, India |
|
48000 |
|
Priority Traders Private Limited, India |
|
40000 |
|
Shalimar Bansal Realtors Private Limited, India |
|
72000 |
|
Total |
|
2250000 |
Preference Shareholders
|
Names of Preference Shareholders |
No. of Shares |
|
Bansal Pharma Limited, India |
200000 |
|
Bajaj Health and Nutritions (Private) Limited |
800000 |
|
Jagodia Textiles Mills Private Limited, India |
200000 |
|
First Stock and Bond Trading Company Private Limited, India |
100000 |
|
Michigan Traders Private Limited
|
100000 |
|
Star Bio Source Private Limited |
100000 |
|
Total |
1500000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
11.11 |
|
Directors or relatives of Directors |
88.89 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Amino Acid, Nutritional Supplements and
Active Pharmaceutical Ingredients. |
||||
|
|
|
||||
|
Products : |
·
Nutritional Supplement ·
Amino Acids ·
Chlorhexidine Products ·
Minerals and nutritional Suppements ·
Anti Convulsant ·
Anti Asthamatics · Directly Compressible Grade Materials |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goode |
||||
|
Countries : |
·
Germany ·
France ·
Europe |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
China |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
·
End Users ·
OEMs |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
800 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Citibank N.A. Trent House, 2nd Floor, G
Block, Plot No. C60, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051,
Maharashtra, India ·
The Saraswat Co-Operative Bank Limited, SME, Nariman
point Branch, Mittal Court, a – Wing, 1st floor, Nariman Point,
Mumbai – 400021, Maharashtra, India · ICICI Bank Limited ·
HDFC Bank, Mumbai, Maharashtra, India · The Hongkong and Shanghai Banking Corporation Limited (HSBC) acting as Security Trustee Plot No. 139-140 B, Western Express Highway, Sahar Road Junction, Vile Parle East,, Mumbai - 400057, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Paresh Rakesh and Associates Chartered Accountants |
|
Address : |
C-703, Prithvi Palace, Link Road, Kandarpada, Dahisar (West), Mumbai –
400 068, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFP0718Q |
|
|
|
|
Other related party : |
Bajaj Health And Nutritions Private Limited, India CIN: U24239mh1999ptc122844 |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
|
2000000 |
Preference Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
Total |
|
Rs. 50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs. 22.500 Millions |
|
|
|
|
|
|
1500000 |
Preference Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
Total |
|
Rs. 37.500
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 |
37.500 |
37.500 |
37.500 |
|
(b) Reserves & Surplus |
254.505 |
265.063 |
263.989 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
292.005 |
302.563 |
301.489 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
170.799 |
174.268 |
120.145 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
170.799 |
174.268 |
120.145 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
465.722 |
354.596 |
295.677 |
|
(b) Trade payables |
195.133 |
186.328 |
166.678 |
|
(c) Other current
liabilities |
146.280 |
157.007 |
117.548 |
|
(d) Short-term provisions |
37.500 |
37.500 |
70.700 |
|
Total Current Liabilities (4) |
844.635 |
735.431 |
650.603 |
|
|
|
|
|
|
TOTAL |
1307.439 |
1212.262 |
1072.237 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
541.073 |
460.045 |
345.047 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
46.881 |
126.581 |
152.038 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.031 |
0.031 |
0.031 |
|
(c) Deferred tax assets (net) |
6.993 |
2.232 |
2.743 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
594.978 |
588.889 |
499.859 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
162.516 |
178.306 |
197.593 |
|
(c) Trade receivables |
445.796 |
347.286 |
259.666 |
|
(d) Cash and cash
equivalents |
1.304 |
5.476 |
1.152 |
|
(e) Short-term loans
and advances |
102.845 |
92.305 |
113.967 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
712.461 |
623.373 |
572.378 |
|
|
|
|
|
|
TOTAL |
1307.439 |
1212.262 |
1072.237 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1707.786 |
1415.005 |
1198.605 |
|
|
|
Other Income |
(22.119) |
(17.952) |
12.302 |
|
|
|
TOTAL (A) |
1685.667 |
1397.053 |
1210.907 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1372.242 |
1101.119 |
987.614 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
21.358 |
25.660 |
-67.674 |
|
|
|
Employee benefit expense |
109.100 |
100.009 |
88.756 |
|
|
|
Other expenses |
60.355 |
63.303 |
53.784 |
|
|
|
TOTAL (B) |
1563.055 |
1290.091 |
1062.480 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
122.612 |
106.962 |
148.427 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
56.860 |
40.369 |
42.099 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
65.752 |
66.593 |
106.328 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
81.071 |
56.081 |
47.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(15.319) |
10.512 |
59.220 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.558 |
6.959 |
16.598 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(10.558) |
3.553 |
42.622 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
583.011 |
454.026 |
NA |
|
|
TOTAL EARNINGS |
583.011 |
454.026 |
NA |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORT |
615.056 |
522.321 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(4.69) |
2.37 |
18.94 |
|
Expected Sales (2013-2014) : Rs.1700.000 Millions
The above information has been parted by Mr. Rupesh (Account Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(0.63)
|
0.25 |
3.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.90)
|
0.74 |
4.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.22)
|
0.97 |
6.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05)
|
0.03 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.18
|
1.75 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84
|
0.85 |
0.88 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
64.968 |
78.730 |
NA
|
|
|
|
|
|
|
Total |
64.968 |
78.730 |
NA
|
|
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 |
No |
|
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 |
Yes |
|
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 |
-- |
|
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 |
No |
OPERATIONS REVIEW:
The Company’s turnover for the year grew by 21% to Rs. 1709.661 Millions as compared to last year Rs.1415.005 Millions, which includes the Domestic turnover of Rs. 1051.783 v as compared to last year Domestic turnover of Rs. 938.144 Millions and the Export turnover of Rs. 657.878 Millions as compared to last year’s Export turnover of Rs. 476.861 Millions.
Depreciation for the year was Rs. 81.071 Millions compared to Rs. 56.081 Millions in F.Y. 2011-12. The Directors are quite hopeful that company would be able to achieve better results during the current year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Deferred sales tax loan |
1.531 |
1.917 |
|
Deposits |
8.978 |
9.832 |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
81.146 |
48.195 |
|
Loans and advances from related parties |
11.216 |
20.970 |
|
Total |
102.871 |
80.914 |
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10315143 |
11/10/2011 |
3,000,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMI |
PLOT NO. 139-140
B, WESTERN EXPRESS HIGHWAY, SAHAR ROAD JUNCTION, VILE PARLE EAST, MUMBAI,
MAHARA SHTRA - 400057, INDIA |
B24337453 |
|
2 |
10291726 |
14/05/2011 |
744,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
LAXMAN ZULLA,
1ST FLOOR , 50, RANADE ROAD, DADAR, |
B14794697 |
|
3 |
10279424 |
21/02/2011 |
583,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
LAXMAN ZULLA,
1ST FLOOR ,50, RANADE ROAD, DADAR, |
B10320281 |
|
4 |
10256921 |
12/10/2010 |
1,009,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR BRANCH,
LAXMAN ZULLA, 1ST FLOOR, 50, |
A99023376 |
|
5 |
10256922 |
08/10/2010 |
743,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR
BRANCH, LAXMAN ZULLA, 1ST FLOOR, 50, |
A99018400 |
|
6 |
10256920 |
08/10/2010 |
797,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR
BRANCH, LAXMAN ZULLA, 1ST FLOOR, 50, |
A99019002 |
|
7 |
10256923 |
06/10/2010 |
991,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR
BRANCH, LAXMAN ZULLA, 1ST FLOOR, 50, |
A99021016 |
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Motor vehicles
·
Computer equipment’s
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.62.99 |
|
|
1 |
Rs.104.61 |
|
Euro |
1 |
Rs.86.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--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 |
|
33 |
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.