MIRA
INFORM REPORT
|
Report Date : |
24.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
LIFELONG MEDITECH LIMITED (w.e.f. 27.09.2004) |
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|
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Formerly Known
As : |
WELCARE MEDITECH LIMITED |
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Registered
Office : |
D - 1, Soami Nagar (South), |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
19.07.2002 |
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|
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Com. Reg. No.: |
55-116251 |
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Capital
Investment / Paid-up Capital : |
Rs. 129.605 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110DL2002PLC116251 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL0246K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer, Importer and Exporter of Medical Disposable Items. |
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|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 930000 |
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|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company has record some accumulated losses. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be 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.
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 |
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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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Long Term ‘IND BBB+(SO)’ |
|
Rating Explanation |
Moderate Degree of Safety. It Carry moderate
credit risk. |
|
Date |
March 2013 |
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Short term ‘IND A2+(SO)’ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
March 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr Bhupinder Singh |
|
Designation : |
Mr. Bhupinder Singh |
|
Contact No.: |
General Manager |
|
Date : |
18.07.2014 |
LOCATIONS
|
Registered Office : |
D – 1, Soami Nagar (South), New Delhi – 110017, India |
|
Tel. No.: |
91-11-26017063/ 65/ 46017700-98 |
|
Mobile No.: |
91-8800894405 (Mr. Bhupinder Singh) |
|
Fax No.: |
91-11-26016805/ 46017799 |
|
E-Mail : |
sandeepsharma@lifelongindia.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 18, Sector - 5, IMT Manesar, Gurgaon – 122050, Haryana, India |
|
Tel No.: |
91-124-4406600 |
|
Fax No.: |
91-124-4406699 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Atul Raheja |
|
Designation : |
Managing Director |
|
Address : |
K -6, Sainik Farm, New Delhi – 110062, India |
|
Date of Birth/Age : |
03.01.1964 |
|
Qualification : |
Engineer (B. tech) |
|
Date of Appointment : |
19.07.2002 |
|
PAN No.: |
AADPR4733J |
|
DIN No.: |
00028071 |
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|
|
|
Name : |
Mr. Jatender Kumar Mehta |
|
Designation : |
Director |
|
Address : |
Vedaang Farm No.8, Tropical Drive, M.G. Road, Ghitormi, New Delhi –
110030, India |
|
Date of Birth/Age : |
11.04.1949 |
|
Qualification : |
Engineer (B. E) |
|
Date of Appointment : |
19.07.2002 |
|
DIN No.: |
00028207 |
|
|
|
|
Name : |
Mr. Lalit Gupta |
|
Designation : |
Director |
|
Address : |
A -372, Sarita Vihar, New Delhi – 110076, India |
|
Date of Birth/Age : |
05.05.1940 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
14.12.2007 |
|
DIN No.: |
00029154 |
|
|
|
|
Name : |
Mr. Hamendra Nath Srivastava |
|
Designation : |
Director |
|
Address : |
E-106, 1st Floor, Greater Kailash – II, New Delhi – 110048,
India |
|
Date of Birth/Age : |
14.03.1966 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
21.09.2010 |
|
Din No.: |
03147785 |
KEY EXECUTIVES
|
Name : |
Mr. Sumit Yadav |
|
Designation : |
Secretary |
|
Address : |
C/O D-1, Soami Nagar (South) New Delhi-110017, Delhi |
|
Date of Birth/Age : |
09.04.1990 |
|
Date of Appointment : |
22.04.2013 |
|
PAN No.: |
AJYPY2235L |
|
|
|
|
Name : |
Mr. Bhupinder Singh |
|
Designation : |
General Manager |
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|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Jatendra Kumar Mehta |
20000 |
|
Atul Raheja (HUF) |
20000 |
|
Ashok Seth |
100 |
|
Lifelong India Limited, India |
7200000 |
|
Atul Raheja |
1100000 |
|
Mini Raheja |
50000 |
|
Refam Securities Private Limited, |
1250000 |
|
Securitech Software Limited, India |
820400 |
|
Lifelong Realestate Private Limited, India |
2500000 |
|
|
|
|
TOTAL |
12960500 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
90.82 |
|
Directors or relatives of directors |
|
9.182 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of Medical Disposable Items. |
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Products : |
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Exports : |
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Products : |
Medical Disposable Items |
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Countries : |
·
Brazil ·
European Countries |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
China ·
Korea ·
European Countries |
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GENERAL INFORMATION
|
No. of Employees : |
400 (Approximately) |
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Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · ICICI Bank Limited Land Mark Race Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · The Hongkong and Shanghai Banking Corporation Limited, Birla Towers, 25, Barakhamba Road, New Delhi - 110001, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
Nipun Khurana and Associates Chartered Accountant |
|
Address : |
B -192, Gujranwala Town-I, Delhi – 110009, India |
|
Tel. No.: |
91-11-27421201-02 |
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Mobile No.: |
91-9810100053 |
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Fax No.: |
91-11-42821206 |
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E-Mail : |
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PAN No.: |
AAIFN4297Q |
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Holding Company : |
Lifelong India Limited CIN No.: U32204DL1985PLC020988 |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Refam Securities Private Limited CIN No.: U74899DL1991PTC043142 · Lifelong Real Estate Private Limited |
|
|
|
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26000000 |
Equity Shares |
Rs.10/- each |
Rs. 260.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12960500 |
Equity Shares |
Rs.10/- each |
Rs. 129.605
Million |
|
|
|
|
|
Authorised Capital: Rs. 260.000 Million
Paid-up Capital: Rs. 256.105 Million
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 |
129.605 |
129.605 |
129.605 |
|
(b) Reserves & Surplus |
(22.855) |
9.793 |
3.259 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
126.500 |
126.500 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
233.250 |
265.898 |
132.864 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
250.539 |
155.335 |
191.890 |
|
(b) Deferred tax liabilities (Net) |
16.288 |
15.994 |
12.713 |
|
(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) |
266.827 |
171.329 |
204.603 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
222.254 |
177.619 |
10.224 |
|
(b) Trade payables |
93.393 |
113.832 |
248.662 |
|
(c) Other current
liabilities |
1.517 |
6.442 |
24.963 |
|
(d) Short-term provisions |
22.759 |
16.340 |
8.044 |
|
Total Current Liabilities (4) |
339.923 |
314.233 |
291.893 |
|
|
|
|
|
|
TOTAL |
840.000 |
751.460 |
629.360 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
0.000 |
0.000 |
0.000 |
|
(i) Tangible assets |
246.255 |
247.934 |
230.715 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
8.004 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
22.804 |
14.671 |
11.759 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.155 |
3.448 |
3.367 |
|
(e) Other Non-current assets |
26.133 |
10.528 |
6.922 |
|
Total Non-Current Assets |
307.351 |
276.581 |
252.763 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
49.925 |
116.382 |
82.947 |
|
(c) Trade receivables |
151.150 |
246.262 |
180.531 |
|
(d) Cash and cash
equivalents |
3.347 |
3.557 |
6.737 |
|
(e) Short-term loans and
advances |
16.813 |
34.036 |
48.354 |
|
(f) Other current assets |
311.414 |
74.642 |
58.028 |
|
Total Current Assets |
532.649 |
474.879 |
376.597 |
|
|
|
|
|
|
TOTAL |
840.000 |
751.460 |
629.360 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
260.102 |
802.869 |
678.630 |
|
|
|
Other Income |
57.469 |
28.610 |
24.525 |
|
|
|
TOTAL |
317.571 |
831.479 |
703.155 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Cost of Materials Consumed |
198.514 |
609.779 |
511.726 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
13.391 |
(7.291) |
(12.855) |
|
|
|
Employees benefits expense |
41.218 |
62.495 |
47.703 |
|
|
|
Other expenses |
46.785 |
91.054 |
91.872 |
|
|
|
TOTAL (B) |
299.908 |
756.037 |
638.446 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C) |
17.663 |
75.442 |
64.709 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
43.298 |
41.630 |
37.540 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(25.635) |
33.812 |
27.169 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.721 |
23.997 |
18.812 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(32.356) |
9.815 |
8.357 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.293 |
5.164 |
4.634 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
(32.649) |
4.651 |
3.723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
(2.52) |
NA |
NA |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
800.000
(Approximately) |
|
|
|
|
|
The above information has been parted by Mr. Bhupindar Singh
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(10.28) |
0.56 |
0.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
|
(12.44) |
1.22 |
1.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.00) |
1.33 |
1.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.14) |
0.04 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.03 |
1.25 |
1.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57 |
1.51 |
1.29 |
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 |
129.605 |
129.605 |
129.605 |
|
Reserves & Surplus |
3.259 |
9.793 |
(22.855) |
|
Share Application money
pending allotment |
0.000 |
126.500 |
126.500 |
|
Net
worth |
132.864 |
265.898 |
233.250 |
|
|
|
|
|
|
long-term borrowings |
191.890 |
155.335 |
250.539 |
|
Short term borrowings |
10.224 |
177.619 |
222.254 |
|
Total
borrowings |
202.114 |
332.954 |
472.793 |
|
Debt/Equity
ratio |
1.521 |
1.252 |
2.027 |
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 |
678.630 |
802.869 |
260.102 |
|
|
|
18.307 |
(67.603) |
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 |
678.630 |
802.869 |
260.102 |
|
Profit |
3.723 |
4.651 |
(32.649) |
|
|
0.55% |
0.58% |
(12.55)% |
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 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 |
No |
|
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 |
Yes |
PERFORMANCE REVIEW
Since you were informed last year about the major fire accident broke
out in IMT Manesar Plant situated at Plot No.23, Sector-5, IMT Manesar Gurgaon on
27.05.2012. This unfortunate fire had destroyed the entire structure and
interior of the building including all the machinery installed in the Plant.
This fatal accident had seriously affected the working of the company. On
account of total loss of assets due to fire in the plant, during the year under
review, our Net Sales and other income has been reduced to Rs.317.572 Million
from the previous year for Rs.831.480 Million. So as a result the company has
recorded a loss for Rs. 32.649 Million from a profit of Rs. 4.652 Million in
the previous year.
With the grace of God and all your faith and support of the management,
we have re-established our factory at a leased premise at Plot no. 18, Sec-5,
IMT Manesar, Gurgaon in the record time of 705 months and operations were
commenced during Feb-2013 itself. Also the full capacity has been achieved by
April 2013.
Exports
In the year under review, the company has focused on the export Market
and consolidated its export sales to Rs.162.828 Million compared to the export
sale of Rs. 546.185 Million of the previous year. In Future, The Company is
also endeavoring to expand its export in the Middle East and Eastern European
countries.
It is worth while mentioning that we are the largest syringe exporter to
the highly regulated market of Brazil. Also we have been awarded a status of
Star Export house by the Ministry of commerce and industry. We are proud to
mention that recently we have been awarded inmetro certificate by the Brazilian
Drug Deptt. We are the first manufacturer Exporter in India to get this
certificate. In fact we are the only Indian company to get this certificate
that makes us the only company eligible for export to large Brazilian market.
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
SHORT TERM BORROWING |
|
|
|
Borrowing |
99.523 |
23.261 |
|
|
|
|
|
Total |
99.523 |
23.261 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10490167 |
15/04/2014 |
10,041,120.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED, WORLI |
C02902989 |
|
2 |
10461052 |
14/11/2013 |
17,112,000.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG,, WORLI, MUMBAI, Maha |
B89837363 |
|
3 |
10439121 |
02/07/2013 |
21,686,430.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG,, WORLI, MUMBAI, Maha |
B80481310 |
|
4 |
10386900 |
24/09/2012 |
130,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B62197413 |
|
5 |
10191075 |
28/12/2011 * |
132,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTO |
B30295372 |
|
6 |
80026842 |
16/08/2012 * |
125,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B59412742 |
* Date of charge modification
FIXED ASSETS
· Plant and Equipment
· Factory Equipments
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
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.60.23 |
|
|
1 |
Rs.102.86 |
|
Euro |
1 |
Rs.81.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
4 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
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 |
|
31 |
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.