MIRA
INFORM REPORT
|
Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPRIYA LIFESCIENCE LIMITED |
|
|
|
|
Registered
Office : |
207/208, Udyog Bhavan, |
|
|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-180452 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 48.789 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2008PLC180452 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS59819E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS8686A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Marketer of APIs and Drug Intermediates. |
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|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was setup as a partnership concern in the year 1984 under the
name “Supriya Chemicals”. Further in the year 2008 it was reconstituted as
public limited company with the current name. It is an established company
having satisfactory track. The company possesses an average financial profile marked by adequate
net worth base along with high working capital nature of its operations. Management has witnessed a better growth in its sales volume as well
as net profitability during FY 13. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of sufficient credit worthy character and experience of the
promoters, the subject can be considered for business dealings at usual trade
terms and conditions. |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a quarter
of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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. Vijay Kulkarni |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-40332727 |
LOCATIONS
|
Registered / Corporate Office : |
207/208, Udyog Bhavan, |
|
Tel. No.: |
91-22-40332727 / 66942507 |
|
Fax No.: |
91-44-26860011 |
|
E-Mail : |
accounts@supriyalifescience.com |
|
Website : |
|
|
|
|
|
Factory : |
A-5/2 Lote Parshuram Industrial Area, MIDC, Chiplun, Taluka Khed, District Ratnagiri – 415722, Maharashtra |
|
Tel. No.: |
91-2356-272299 |
|
Fax No.: |
91-2356-272178 |
|
Email : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Satish Waman Wagh |
|
Designation : |
Managing Director |
|
Address : |
4 Prabhas, Plot No.9, H. |
|
Date of Birth/Age : |
29.12.1955 |
|
Date of Appointment : |
01.06.2008 |
|
DIN No.: |
01456982 |
|
|
|
|
Name : |
Mrs. Asha Waman Wagh |
|
Designation : |
Whole-time Director |
|
Address : |
|
|
Date of Birth/Age : |
19.05.1932 |
|
Date of Appointment : |
01.06.2008 |
|
DIN No.: |
00833849 |
|
|
|
|
Name : |
Mrs. Smita Satish Wagh |
|
Designation : |
Whole-time Director |
|
Address : |
4 Prabhas, Plot No.9, H. |
|
Date of Birth/Age : |
23.05.1958 |
|
Date of Appointment : |
01.06.2008 |
|
DIN No.: |
00833912 |
|
|
|
|
Name : |
Mr. Kedar Shankar Karmarkar |
|
Designation : |
Additional director |
|
Address : |
D-1/38, Prachi Society, Shahaji Raje Marg, Vile Parle (East), Mumbai – 400057, Maharashtra,
India |
|
Date of Birth/Age : |
07.04.1964 |
|
Date of Appointment : |
19.02.2013 |
|
DIN No.: |
06499019 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Kulkarni |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Satish Waman Wagh |
|
4837950 |
|
Asha Waman Wagh |
|
9750 |
|
Smita Satish Wagh |
|
21450 |
|
Kavita Waman Desai |
|
488 |
|
Dr. Shankar Sitaram Karmarkar |
|
4388 |
|
Deepak Ganpat Chavan |
|
488 |
|
Dilip Vadilal Talsania |
|
488 |
|
Sonali Satish Wagh |
|
1950 |
|
Shivani Satish Wagh |
|
1950 |
|
Total |
|
4878902 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.88 |
|
Other top fifty shareholders |
0.12 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketer of APIs and Drug Intermediates. |
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|
|
|
Terms : |
|
|
Selling : |
Cash, Advance Payment, Cheque and Credit |
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|
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Purchasing : |
Cash, Cheque and Credit |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Unit |
Actual Production |
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|
|
|
|
Bulk Drugs |
MT |
450.49 |
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
300 (Approximately) |
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Bankers : |
The Saraswat Cooperative Bank Limited, SME Vile Parle Branch, Bholanath Co-Operative
Housing Society, Subhash Road, Vile Parle (East), Mumbai – 400057,
Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
Financial Institution : |
· Siemens Financial Services Private Limited, 130, Pandurang Budhkar Marg, Worli, Mumbai - 400018, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
P. K. Mutha and Company Chartered Accountant |
|
Address : |
Alankar, 3rd Floor, 208, Samuel Street, Masjid Bunder
(West), Mumbai-400003, Maharashtra, India |
|
Tel No.: |
91-22-23436467 / 23414361 |
|
Fax No.: |
91-22-66336963 |
|
Email : |
|
|
PAN No.: |
AAFPM3396L |
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|
|
|
Related Parties : |
Swastik Industries |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4878902 |
Equity Shares |
Rs.10/- each |
Rs. 48.789
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 |
48.789 |
32.526 |
2.502 |
|
(b) Reserves & Surplus |
200.062 |
177.037 |
163.247 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
7.682 |
7.682 |
23.557 |
|
Total
Shareholders’ Funds (1) + (2) |
256.533 |
217.245 |
189.306 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
105.679 |
94.043 |
92.558 |
|
(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) |
105.679 |
94.043 |
92.558 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
368.009 |
259.203 |
149.656 |
|
(b) Trade payables |
241.032 |
205.499 |
152.844 |
|
(c) Other current liabilities |
17.715 |
22.133 |
36.540 |
|
(d) Short-term provisions |
22.128 |
18.022 |
10.326 |
|
Total
Current Liabilities (4) |
648.884 |
504.857 |
349.366 |
|
|
|
|
|
|
TOTAL |
1011.096 |
816.145 |
631.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
385.480 |
318.733 |
292.615 |
|
(ii) Intangible Assets |
0.082 |
0.103 |
0.205 |
|
(iii) Capital work-in-progress |
3.179 |
3.896 |
4.241 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.665 |
3.315 |
3.155 |
|
(e) Other Non-current assets |
0.312 |
0.218 |
0.110 |
|
Total
Non-Current Assets |
392.718 |
326.265 |
300.326 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
302.144 |
244.842 |
147.469 |
|
(c) Trade receivables |
176.793 |
157.405 |
122.536 |
|
(d) Cash and cash equivalents |
30.665 |
23.386 |
13.498 |
|
(e) Short-term loans and
advances |
108.776 |
64.247 |
47.401 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
618.378 |
489.880 |
330.904 |
|
|
|
|
|
|
TOTAL |
1011.096 |
816.145 |
631.230 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
921.057 |
782.588 |
597.307 |
|
|
Revolution reserve written
back |
2.580 |
0.000 |
0.000 |
|
|
Other Income |
24.799 |
21.842 |
11.387 |
|
|
TOTAL
(A) |
948.436 |
804.430 |
608.694 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
605.232 |
570.454 |
418.801 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(29.875) |
(70.178) |
(48.626) |
|
|
Employees benefits expense |
49.695 |
39.394 |
24.992 |
|
|
Other expenses |
185.955 |
142.727 |
113.669 |
|
|
TOTAL
(B) |
811.007 |
682.397 |
508.836 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
137.429 |
122.033 |
99.858 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
47.597 |
37.047 |
35.378 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
89.832 |
84.986 |
64.480 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
15.025 |
13.801 |
10.384 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
74.807 |
71.185 |
54.096 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
26.367 |
24.500 |
14.749 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
48.440 |
46.685 |
39.347 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
106.603 |
60.210 |
21.113 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Proposed dividend payable |
3.253 |
0.250 |
0.250 |
|
|
Dividend distribution tax |
0.552 |
0.042 |
0.038 |
|
|
Transferred to share capital
for bonus shares |
14.255 |
0.000 |
0.000 |
|
|
Short tax provision of earlier
years |
2.768 |
0.000 |
0.000 |
|
|
Total |
20.828 |
0.292 |
21.120 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
134.215 |
106.603 |
60.210 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
509.972 |
521.78 |
448.686 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
241.031 |
156.554 |
74.526 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.93 |
14.35 |
157.26 |
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1200.000 |
Expected Sales (2014.2015) : Rs.1500.000
The above information has been parted by Mr. Vijay Kulkarni (Finance
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.11 |
5.80 |
6.46 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.12 |
9.10 |
9.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.42 |
8.76 |
8.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.33 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.85 |
1.63 |
1.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
0.97 |
0.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.502 |
32.526 |
48.789 |
|
Reserves & Surplus |
163.247 |
177.037 |
200.062 |
|
Share Application money pending
allotment |
23.557 |
7.682 |
7.682 |
|
Net
worth |
189.306 |
217.245 |
256.533 |
|
|
|
|
|
|
long-term borrowings |
92.558 |
94.043 |
105.679 |
|
Short term borrowings |
149.656 |
259.203 |
368.009 |
|
Total
borrowings |
242.214 |
353.246 |
473.688 |
|
Debt/Equity
ratio |
1.279 |
1.626 |
1.846 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
597.307 |
782.588 |
921.057 |
|
|
|
31.019 |
17.694 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
597.307 |
782.588 |
921.057 |
|
Profit |
39.347 |
46.685 |
48.440 |
|
|
6.59% |
5.97% |
5.26% |
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 |
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
four 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) |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
The registered office address of the company has been shifted from 4, Prabhas
Plot No. 9, H. F. Society Road, Jogeshwari-East, Mumbai – 400060, Maharashtra,
India, to present address w.e.f. 16.12.2009.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans from banks and body corporates |
0.225 |
7.935 |
|
Loan from directors |
(2.368) |
5.982 |
|
Short-term
borrowings |
|
|
|
Unsecured loan installments repayable within one year |
7.623 |
6.347 |
|
Total |
5.480 |
20.264 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10469569 |
20/12/2013 |
27,500,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE
BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI,
MAHARASHTRA |
B93285294 |
|
2 |
10465581 |
26/11/2013 |
8,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE
BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI,
MAHARASHTRA |
B91713172 |
|
3 |
10458319 |
24/10/2013 |
4,700,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE
BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI,
MAHARASHTRA |
B88824024 |
|
4 |
10458370 |
13/09/2013 |
5,061,146.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG
BUDHKAR MARG,, WORLI, MUMBAI, MAHA |
B88833363 |
|
5 |
10446086 |
21/08/2013 |
10,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE
BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI,
MAHARASHTRA |
B83581652 |
|
6 |
10446346 |
19/08/2013 |
5,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER
PAREL,, MUMBAI, |
B83685271 |
|
7 |
10416343 |
20/03/2013 |
35,250,000.00 |
THE SARASWAT COOPERATIVE BANK LTD |
SME VILE PARLE
BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI,
MAHARASHTRA |
B72108236 |
|
8 |
10406495 |
01/02/2013 |
25,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 AND 602,
PENINSULA BUSINESS PARK, 6TH FLOOR,, T |
B68993195 |
|
9 |
10406500 |
01/02/2013 |
47,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER
PAREL,, MUMBAI, |
B68994276 |
|
10 |
10408311 |
11/01/2013 |
13,500,000.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG,, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B69726669 |
* Date of charge modification
FIXED ASSETS
· Factory Land
· Factory Building
· Plant and Machinery
· Electrical Fittings
· Furniture and Fixtures
· Laboratory Equipments
· Motor Car
· Office Equipment
· Air Conditioners
· Office Premises
· Books
· Product Registration
· Computer
· Computer Software
· Motor Cycle
· Delivery Vehicles
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 records 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.59.79 |
|
|
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.