MIRA
INFORM REPORT
|
Report Date : |
31.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
UMANG PHARMATECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 34, 3rd Floor, B- 2 , Windermere, Off
New |
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|
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
18.05.1992 |
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|
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|
Com. Reg. No.: |
11-066815 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.100
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29297MH1992PTC066815 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU01759C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Various Kind of Pharmaceutical Machines
and Formulation of Bulk Drugs etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 383000 |
|
|
|
|
Status : |
Satisfactory |
|
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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 satisfactory track record. Management has failed to file the latest financials of 2013 with the
statutory authorities. As per available, the company possesses an acceptable financial
profile marked by adequate netwoth base along with modest pool of liquid
assets which may affect the liquidity position during FY12. Management has witnessed a dip in its sales volume as well as net
profitability where has reported a sufficient profit margin during FY 12. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of long standing presence, 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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 DENIED
|
Name : |
Mr. Umang Budhraja |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9867236594 |
|
Date : |
23.07.2014 |
LOCATIONS
|
Registered / Head Office : |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off New Link Road, Andheri (West), Mumbai - 400 053, Maharashtra, India |
|
Tel. No.: |
91-22-30018900 / 30018915-98 |
|
Fax No.: |
91-22-40106464 / 30018908/ 30018907 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Main Office / Factory 1 : |
Survey No. 146, H.No.1 (PT), Vasai Phata Highway Junction, Pelhar, NH8, Vasai (East) - 401 208, Maharashtra, India |
|
Tel. No.: |
91-22-30018900 / 30018915 - 98 |
|
Fax No.: |
91-22-30018908 / 30018913 |
|
E-mail: |
|
|
|
|
|
Factory 2 : |
Plot No. 23, Golani Complex, Opposite Agrwal Hospital, Valiv, Vasai Road (East), Thane-401208, Maharashtra, India |
|
Tel. No.: |
91-250-2453795/2454467/2456482 |
|
Fax No.: |
91-250-2453795/2454467/2456482 |
DIRECTORS
AS ON 25.09.2012
|
Name : |
Mr. Raj Kumar Budhraja |
|
Designation : |
Managing director |
|
Address : |
Flat No. 34, 3rd Floor, B- 2 , Windermere, Off New
|
|
Date of Birth/Age : |
12.12.1946 |
|
Qualification : |
B. E |
|
Date of Appointment : |
18.05.1992 |
|
DIN No.: |
01847459 |
|
|
|
|
Name : |
Mrs. Renu Rajkumar Budhraja |
|
Designation : |
Director |
|
Address : |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off
New |
|
Date of Birth/Age : |
05.03.1954 |
|
Date of Appointment : |
18.05.1992 |
|
DIN No.: |
01114263 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2012
|
Names of Shareholders |
No. of Shares |
%age |
|
Rajkumar Budhraja |
140000 |
46.51 |
|
Renu Rajkumar Budhraja |
140000 |
46.51 |
|
Priya Komal Narang |
7000 |
2.33 |
|
Umang Rajkumar Budhraja |
7000 |
2.33 |
|
Payal Rajkumar Budhraja |
7000 |
2.33 |
|
|
|
|
|
TOTAL
|
301000 |
100.00 |
AS ON 25.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Various Kind of Pharmaceutical Machines
and Formulation of Bulk Drugs etc. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2012]
Licensed Capacity: The Company is not registered
under Industrial Development Act, 1961 and hence not required to get sanction
for capacity to manufacture.
Installed Capacity: The Company is carrying
out manufacturing of various kind of pharmaceutical machines and formulation of
bulk drugs etc. as per individual requirement of the parties and hence
installed capacity in respect of these items cannot be ascertained, as stated
by the directors.
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Pankaj A. Shah and Company Chartered Accountants |
|
Address : |
3/1225, L, Navjivan Comm. Premises Co-operative Society Limited, Lamington Road, Mumbai- 400008, Maharashtra, India |
|
Tel. No.: |
91-22-23074148/ 28331135 |
|
Fax No.: |
91-22-23053478 |
|
PAN No: |
ABEPS6263J |
|
|
|
|
Associates/Subsidiaries : |
·
R.R. Enterprises ·
Caleva Process Solutions Limited, UK |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
301000 |
Equity Shares |
Rs.100/-
each |
Rs.30.100
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
30.100 |
30.100 |
|
(b) Reserves & Surplus |
|
65.880 |
53.985 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
95.980 |
84.085 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
67.485 |
75.916 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
67.485 |
75.916 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
9.803 |
16.300 |
|
(b)
Trade payables |
|
16.552 |
21.816 |
|
(c) Other
current liabilities |
|
2.600 |
2.243 |
|
(d) Short-term
provisions |
|
3.174 |
8.401 |
|
Total Current
Liabilities (4) |
|
32.129 |
48.760 |
|
|
|
|
|
|
TOTAL |
|
195.594 |
208.761 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
89.713 |
100.314 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
42.043 |
42.043 |
|
(c) Deferred tax
assets (net) |
|
0.815 |
0.382 |
|
(d) Long-term Loan and Advances |
|
3.307 |
5.961 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
135.878 |
148.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
28.607 |
32.198 |
|
(c)
Trade receivables |
|
22.546 |
20.025 |
|
(d) Cash
and cash equivalents |
|
1.027 |
1.271 |
|
(e)
Short-term loans and advances |
|
5.759 |
6.382 |
|
(f)
Other current assets |
|
1.777 |
0.185 |
|
Total
Current Assets |
|
59.716 |
60.061 |
|
|
|
|
|
|
TOTAL |
|
195.594 |
208.761 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
32.144 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
62.244 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
93.479 |
|
|
2] Unsecured Loans |
|
|
2.550 |
|
|
TOTAL BORROWING |
|
|
96.029 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
158.273 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
105.351 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
42.043 |
|
|
DEFERREX TAX ASSETS |
|
|
0.021 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
68.767
|
|
|
Sundry Debtors |
|
|
33.292
|
|
|
Cash & Bank Balances |
|
|
0.258
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
21.077
|
|
Total
Current Assets |
|
|
123.394 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
111.541
|
|
|
Provisions |
|
|
1.139
|
|
Total
Current Liabilities |
|
|
112.680
|
|
|
Net Current Assets |
|
|
10.714
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.144 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
158.273 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
113.025 |
187.199 |
114.108 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
73.940 |
129.749 |
81.161 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
73.940 |
129.749 |
81.161 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
39.085 |
57.450 |
32.947 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.024 |
10.545 |
10.255 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.061 |
46.905 |
22.692 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.064 |
13.100 |
13.322 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
16.997 |
33.805 |
9.370 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.925 |
11.964 |
3.315 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
12.072 |
21.841 |
6.055 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
53.985 |
32.144 |
26.089 |
|
|
|
|
|
|
|
|
|
Less |
TAXES
OF EARLIER YEARS |
0.177 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
65.880 |
53.985 |
32.144 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.765 |
15.834 |
42.650 |
|
|
|
|
|
|
|
|
|
IMPORTS |
1.664 |
5.249 |
6.590 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.01 |
72.56 |
20.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
10.69
|
11.67 |
5.30
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.13
|
20.32 |
4.09
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.40 |
0.15
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.81
|
1.10 |
1.54
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.85
|
1.23 |
1.09
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
30.100 |
30.100 |
|
Reserves & Surplus |
53.985 |
65.880 |
|
Net
worth |
84.085 |
95.980 |
|
|
|
|
|
long-term borrowings |
75.916 |
67.485 |
|
Short term borrowings |
16.300 |
9.803 |
|
Total
borrowings |
92.216 |
77.288 |
|
Debt/Equity
ratio |
1.097 |
0.805 |
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) |
|
Total Income |
114.108 |
187.199 |
113.025 |
|
|
|
64.054 |
(39.623) |
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 |
114.108 |
187.199 |
113.025 |
|
Profit |
6.055 |
21.841 |
12.072 |
|
|
5.31% |
11.67% |
10.68% |
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 |
No |
|
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
UNSECURED LOAN
|
Particular |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Deposits |
15.000 |
3.000 |
|
Loans and Advances From Related Parties |
6.056 |
4.806 |
|
|
|
|
|
TOTAL
|
21.056 |
7.806 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10342849 |
13/03/2012 |
7,500,000.00 |
The Bassein Catholic Co-op Bank Limited |
Manickpur Branch, 1st flloor, Lawrence shopping center, Vasai (west),
THANE, Maharashtra - 401207, INDIA |
B35312057 |
|
2 |
10088488 |
21/02/2010 * |
30,000,000.00 |
BASSEIN CATHOLIC CO-OPERATIVE BANK LIMITED |
MANICKPUR BRANCH, LAWRANCE SHOPPING CENTRE, MANICKPUR, VASAI (WEST),
MUMBAI, Maharashtra - 401207, |
A80867963 |
|
3 |
10063550 |
09/08/2007 |
5,700,000.00 |
BASSEIN CATHOLIC CO-OP. BANK LTD. |
NAVGAR MANICKPUR VASAI (W), VASAI, Maharashtra - 401202, INDIA |
A21127477 |
|
4 |
10143294 |
08/06/2007 |
110,000,000.00 |
BASSEIN CATHOLIC CO-OP. BANK LTD |
MANIKPUR BRANCH, VASAI, MUMBAI, Maharashtra - 401201, INDIA |
A39839923 |
|
5 |
10056527 |
30/04/2007 |
4,000,000.00 |
BASSEIN CATHOLIC CO-OPERATIVE BANK LTD |
MANIKPUR BRANCH, VASAI, THANE, Maharashtra - 401207, INDIA |
A15826613 |
|
6 |
10035598 |
14/12/2006 |
18,700,000.00 |
BASSEIN CATHOLIC CO-OP. BANK LTD |
MANIKPUR BRANCH, VASAI, THANE, Maharashtra - 401207, INDIA |
A09303058 |
|
7 |
80044274 |
06/01/2013 * |
70,544,000.00 |
BASSEIN CATHOLIC CO-OPERATIVE BANK LIMITED |
MANICKPUR BRANCH, 1ST FLOOR, LAWRENCE SHOPPING -, CENTER, MANICKPUR,
VASAI (WEST), VASAI, Maharashtra - 401202, INDIA |
B66122433 |
|
8 |
90164013 |
29/03/2000 |
500,000.00 |
SYNDICATE BANK |
VARLI BRANCH, VASAI, thane, Maharashtra, INDIA |
- |
* Date of charge modification
FINANCIAL RESULTS:
Overall Net Sales registered
a 42.94% decrease to Rs.106.200 Millions compared to Rs. 180.600 Millions for
F.Y.2010-11. This is attributable to global recession in the industries in case
of Pharmaceutical Machinery. However new line of pharma products was well
received in the global market and company is very optimistic for the years to
come. Also company is in continuous in the process of development of new pharma
products.
Net Profit before
tax at Rs.16.997 Millions was 49.78% lower in comparison to F.Y.2010-11.
Decrease in Depreciation and amortization at Rs.12.064 Millions over Rs.13.110
Millions last year. Financial Cost showed a decrease of 4.94% compared to last
year.
PROJECTS:
Due to the
acquisition of the company proceeding to the earlier financial year in U.K., their
company was placed in a better position in the international market as the
competition was reduced and their company has shown an extra ordinary
performance resulting in to better prospects and profitability in the global as
well as Indian market Also company received dividends from the subsidiary
during the year. The company has still to acquire more companies for expansion
of the business and company's in house research also showed the satisfactory
performance for the new line of products introduced mainly being health
products, cosmetics etc.
FIXED ASSETS:
œ Land
œ Factory Premises
œ Furniture and Fixtures
œ Laboratory Equipments
œ Computer
œ Car
œ Air Conditioners
œ Plant and Machinery
œ Fax machine
œ Fire Safety Equipment
œ Dies and Moulds
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.60.15 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.64 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
45 |
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.