MIRA
INFORM REPORT
|
Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
RWL HEALTHWORLD LIMITED (w.e.f 27.08.2008) |
|
|
|
|
Formerly Known
As : |
RELIGARE WELLNESS LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, D-1/5, Okhla Industrial Area, Phase – II, |
|
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|
Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
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Date of
Incorporation : |
19.04.2006 |
|
|
|
|
Com. Reg. No.: |
55-148330 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.917.850 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85121DL2006PLC148330 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELF03143A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF9834C |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Trader of Pharma Products. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The company has incurred huge accumulated losses, which has eroded the
net worth of the company. Profitability of the company is to be under
pressure. Business is active. Payment terms are slow but delayed. The company can be considered for business dealings on safe and
secured 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from
$31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports
and moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced. The
defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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. Wasim Saiyed |
|
Designation : |
Account Head |
|
Contact No.: |
91-11-66807209 |
|
Date : |
20.03.2014 |
LOCATIONS
|
Registered Office : |
2nd Floor, D-1/5, Okhla Industrial Area, Phase – II, New Delhi –
110020, India |
|
Tel. No.: |
91-11-66807209/ 30148200 |
|
Fax No.: |
91-11-30148284 |
|
E-Mail : |
hemant.chawla@religarewellness.com |
|
Website : |
|
|
|
|
|
Regional Office : |
2nd Floor, B Wing, D-3, District Center, Pune – 411001,
Maharashtra, India |
|
|
|
|
Branch Office 1 : |
Fortis Hospital
Kangra Dharam Shola Road, Kangra – 176215, Himachal Pradesh, India |
|
|
|
|
Branch Office 2 : |
RT Nagar, Main Road, P and T Colony, Bangalore – 560032, Karnataka, India |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Atul Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. 42, Prayag Apartment, Plot No. B-1, Vasundhara Enclave, Delhi – 110096, India |
|
Date of Birth/Age : |
07.11.1970 |
|
Date of Appointment : |
05.05. 2010 |
|
DIN No.: |
00510562 |
|
|
|
|
Name : |
Mr. Sunil Kumar Garg |
|
Designation : |
Director |
|
Address : |
Lincoln – C / Linc – 302, Grand Omaxe Expressway, Sector- 93b, Noida – 201304, Uttar Pradesh, India |
|
Date of Birth/Age : |
21.10.1968 |
|
Date of Appointment : |
31.03.2011 |
|
DIN No.: |
01179441 |
|
|
|
|
Name : |
Mr. Hemant Dhingra |
|
Designation : |
Director |
|
Address : |
P – 23, Malviya Nagar, New Delhi – 110017, India |
|
Date of Birth/Age : |
12.11.1968 |
|
Date of Appointment : |
18.12.2012 |
|
DIN No.: |
00043039 |
|
|
|
|
Name : |
Mr. Rahul Chadha |
|
Designation : |
Whole-Time Director |
|
Address : |
B1, Gulmohar Park, New Delhi – 110049, India |
|
Date of Birth/Age : |
07.07.1968 |
|
Date of Appointment : |
26.03.2013 |
|
PAN No.: |
AAAPC0179L |
|
DIN No.: |
00042270 |
KEY EXECUTIVES
|
Name : |
Mr. Wasim Saiyed |
|
Designation : |
Account Head |
|
|
|
|
Name : |
Niti Biyala |
|
Designation : |
Secretary |
|
Address : |
Flat No. A – 606, Kanishka Tower, Faridabad – 121003, Haryana, India |
|
Date of Birth/Age : |
05.10.1976 |
|
Date of Appointment : |
23.05. 2008 |
|
PAN No.: |
AQCPB3991M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Equity
Shares |
|
Fortis Healthcare Holdings Private Limited, India |
|
6684400 |
|
SAK Industries Private Limited, India |
|
1200000 |
|
RHC Holding Private Limited, India |
|
69500000 |
|
Sunil Godhwani |
|
100 |
|
Sanjeev K. Chuadhry |
|
100 |
|
Shachindra Nath |
|
100 |
|
Atul Gupta |
|
100 |
|
Sunil Kr. Garg |
|
100 |
|
Anil Saxena |
|
100 |
|
Total |
|
77385000 |
|
Names of Shareholders |
|
No. of
Preference Shares |
|
Best Healthcare Private Limited, India |
|
13950000 |
|
Rexcin Finance Private Limited, India |
|
450000 |
|
|
|
|
|
Total |
|
14400000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Pharma Products. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Chamadia Distribution Private Limited ·
Shah Medico Private Limited |
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No. of Employees : |
1000 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Bankers : |
· The Ratnakar Bank Limited, Shahupuri, Kolhapur, Kolhapur - 416001, Maharashtra, India · HDFC Bank Limited, Kasturba Gandhi Marg, New Delhi, India |
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RRCA and Associates Chartered Accountants |
|
Address : |
505A, 5th Floor, D-4, Rectangle - 1,District Center, Saket, New Delhi – 110017, India |
|
PAN No.: |
AAKFR6727K |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Religare Securities Limited U65910DL1986PTC151115 REL Infrafacilities Limited U45200DL2007PLC158928 Religare Enterprises Limited L74899DL1984PLC146935 Religare Corporate Services Limited U74140DL2011PLC225477 SRL Limited U74899DL1995PLC070603 HealthFore Technologies Limited L72300DL2009PLC190552 Ligare Travels Limited U74899DL1989PLC036140 Hiranandani Healthcare Private Limited U85100MH2005PTC154823 Fortis Health Management(North) Limited U85110DL2011PLC217187 Fortis Healthcare Limited L85110DL1996PLC076704 Fortis C-Doc Healthcare Limited U85110DL2010PLC208379 Religare Finvest Limited U74999DL1995PLC064132 Oscar Investments Limited L65999DL1978PLC099476 |
|
|
|
|
Related Parties : |
Escorts Heart Institute and Research Centre Limited U85110CH2000PLC023744 Fortis Hospotel Limited U74899DL1990PLC141133 Religare Health Insurance Company Limited U66000DL2007PLC161503 |
|
|
|
|
Subsidiary Company
: |
Medsource Healthcare Private Limited U51397DL2002PTC116043 |
|
|
|
|
Holding Company : |
RHC Holding Private Limited U67190DL2007PTC162322 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
87500000 |
Equity Shares |
Rs.10/- each |
Rs.875.000 Millions |
|
15000000 |
Preference Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1025.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
77385000 |
Equity Shares |
Rs.10/- each |
Rs.773.850 Millions |
|
14400000 |
Preference Shares |
Rs.10/- each |
Rs.144.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.917.850 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
917.850 |
417.850 |
|
(b) Reserves & Surplus |
|
(1342.071) |
(1014.676) |
|
(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) |
|
(424.221) |
(596.826) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
396.861 |
3.156 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
8.971 |
8.061 |
|
Total Non-current Liabilities (3) |
|
405.832 |
11.217 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
219.800 |
904.980 |
|
(b) Trade payables |
|
57.784 |
14.294 |
|
(c) Other current liabilities |
|
167.171 |
103.025 |
|
(d) Short-term provisions |
|
13.011 |
15.615 |
|
Total Current Liabilities (4) |
|
457.766 |
1037.914 |
|
|
|
|
|
|
TOTAL |
|
439.377 |
452.305 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
53.947 |
66.168 |
|
(ii) Intangible Assets |
|
12.784 |
20.178 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
48.055 |
48.055 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
36.779 |
37.999 |
|
(e) Other Non-current assets |
|
14.141 |
0.905 |
|
Total Non-Current Assets |
|
165.706 |
173.305 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
156.896 |
163.221 |
|
(c) Trade receivables |
|
52.338 |
20.414 |
|
(d) Cash and cash equivalents |
|
22.591 |
20.222 |
|
(e) Short-term loans and advances |
|
41.503 |
75.032 |
|
(f) Other current assets |
|
0.343 |
0.111 |
|
Total Current Assets |
|
273.671 |
279.000 |
|
|
|
|
|
|
TOTAL |
|
439.377 |
452.305 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
417.850 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
720.000 |
|
|
4] (Accumulated Losses) |
|
|
(1342.050) |
|
|
NETWORTH |
|
|
(204.200) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
483.902 |
|
|
2] Unsecured Loans |
|
|
92.610 |
|
|
TOTAL BORROWING |
|
|
576.512 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
372.312 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
98.979 |
|
|
Capital work-in-progress |
|
|
5.929 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
48.055 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
163.780 |
|
|
Sundry Debtors |
|
|
26.111 |
|
|
Cash & Bank Balances |
|
|
16.456 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
166.434 |
|
Total
Current Assets |
|
|
372.781 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
66.449 |
|
|
Other Current Liabilities |
|
|
58.958 |
|
|
Provisions |
|
|
28.025 |
|
Total
Current Liabilities |
|
|
153.432 |
|
|
Net Current Assets |
|
|
219.349 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
372.312 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1499.010 |
1359.267 |
1149.526 |
|
|
Other Income |
33.622 |
35.862 |
10.406 |
|
|
TOTAL
(A) |
1532.632 |
1395.129 |
1159.932 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
1242.146 |
1144.976 |
996.099 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
6.325 |
0.559 |
3.648 |
|
|
Employees benefits expense |
187.245 |
224.713 |
192.019 |
|
|
Other expenses |
235.641 |
273.329 |
260.100 |
|
|
Prior Period Item |
0.091 |
0.252 |
4.108 |
|
|
Extraordinary Item |
0.282 |
0.000 |
0.000 |
|
|
TOTAL
(B) |
1671.730 |
1643.829 |
1455.974 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION
(C) |
(139.098) |
(248.700) |
(296.042) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
164.282 |
110.949 |
45.896 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(303.380) |
(359.649) |
(341.938) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
24.015 |
32.976 |
40.028 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(327.395) |
(392.625) |
(381.966) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I) (J) |
(327.395) |
(392.625) |
(381.966) |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1734.676) |
(1342.051) |
(745.786) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(2062.071) |
(1734.676) |
(1127.753) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
11.720 |
14.340 |
13.950 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(21.36) |
(28.14) |
(32.93) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(21.84) |
(28.89) |
(33.23) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(83.66) |
(97.12) |
(80.97) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.77 |
0.66 |
1.87 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(1.45) |
(1.52) |
(2.82) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.60 |
0.27 |
2.43 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
417.850 |
917.850 |
|
Reserves & Surplus |
(1014.676) |
(1342.071) |
|
Net
worth |
(596.826) |
(424.221) |
|
|
|
|
|
long-term borrowings |
3.156 |
396.861 |
|
Short term borrowings |
904.980 |
219.800 |
|
Total
borrowings |
908.136 |
616.661 |
|
Debt/Equity
ratio |
(1.522) |
(1.454) |
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 |
1149.526 |
1359.267 |
1499.010 |
|
|
|
18.246 |
10.281 |
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 |
1149.526 |
1359.267 |
1499.010 |
|
Profit |
(381.966) |
(392.625) |
(327.395) |
|
|
(33.23%) |
(28.89%) |
(21.84%) |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
2.167 |
3.156 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
58.800 |
831.300 |
|
Other loans and advances, others |
20.000 |
0.000 |
|
|
|
|
|
Total |
80.967 |
834.456 |
Note:
The Registered Office of the company has been shifted from 2nd Floor, B – Wing, D – 3, District Center, Saket, New Delhi – 110017, India to the present address w.e.f. 16.08.2012
PERFORMANCE OF THE
COMPANY
During the year, total income of the Company has increased by 9.85% as compared to last year’s income. Although, Company recorded loss after tax and prior period expenses amounting to Rs. 327.300 Millions in Financial Year 2012-13, the company was successful in reducing its losses (after tax and prior period expenses) by 16.61% as compared to last year. In Financial Year 2012-13, there is concurrent decrease in basic earnings (losses) per share to Rs. (11.72) as compared to Rs. (14.34) in Financial Year 2011-12.
FUTURE OUTLOOK
The Company endeavors to leverage technology to provide customers with a better order and purchase experience which should deliver positive impacts on the average transaction values and repeat business.
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Computers
·
Furniture and Fixtures
·
Office Equipments
Intangible Assets
· Goodwill
· Computer Software
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.60.17 |
|
|
1 |
Rs.99.39 |
|
Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
12 |
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.