|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADAM FABRIWERK PRIVATE LIMITED (w.e.f.08.09.1992) |
|
|
|
|
Formerly Known
As : |
MARVALD FABRIWERK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
702, Tanishka, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.06.1982 |
|
|
|
|
Com. Reg. No.: |
11-027517 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.16.200
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231MH1982PTC027517 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA21308A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA5697C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Machinery used for Pharmaceutical and Chemical
Industry. |
|
|
|
|
No. of Employees
: |
115 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 670000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track
record. The company possesses an above average financial profile marked by moderate
networth position along with better increase in its sales volume during 2013. The ratings also take into consideration the modest scale of
operations during the year under review. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of extensive experience of the promoters, the company can be
considered for normal 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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BBB” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
13.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A3+” |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
13.01.2014 |
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. G. K. Kudalkar |
|
Designation : |
Accountant |
|
Contact No.: |
91-9820703095 |
LOCATIONS
|
Registered Office : |
702, Tanishka, |
|
Tel. No.: |
91-22-61776700 |
|
Mobile No.: |
91-9820703095 (Mr. Kudalkar) |
|
Fax No.: |
91-22-61776799 |
|
E-Mail : |
|
|
Website : |
http://www.adamfabriwerk.com
|
|
Area : |
1500 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
D 6, MIDC, Ambad, Nashik, |
|
Tel. No.: |
91-253-6601021 |
|
Area : |
2000 Sq. Meter |
|
Location : |
Leased |
DIRECTORS
As on 26.09.2013
|
Name : |
Mr. Waman Madhav Wagh |
|
Designation : |
Managing Director |
|
Address : |
E-1801/2, Whispering Palms, Exclusive Lokhandwala Township, Akruli Road,
Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
26.09.1946 |
|
Date of Appointment : |
24.06.1982 |
|
Voter ID No.: |
MT08036505810 |
|
DIN No.: |
00398753 |
|
|
|
|
Name : |
Mr. Devidas Ramback Shirude |
|
Designation : |
Director |
|
Address : |
901/ B, Gardenia, Building No.2, |
|
Date of Birth/Age : |
05.06.1950 |
|
Date of Appointment : |
24.06.1982 |
|
Voter ID No.: |
MT09042579233 |
|
DIN No.: |
00398588 |
|
|
|
|
Name : |
Mr. Vishal Waman Wagh |
|
Designation : |
Whole Time Director |
|
Address : |
E-1801/2, Whispering Palms, Exclusive Lokhandwala Township, Akruli
Road, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1973 |
|
Date of Appointment : |
01.07.2000 |
|
Voter ID No.: |
MT08036505612 |
|
DIN No.: |
00398886 |
|
|
|
|
Name : |
Mr. Sanjay Ramback Shirude |
|
Designation : |
Director |
|
Address : |
Flat No.3, |
|
Date of Birth/Age : |
11.01.1965 |
|
Date of Appointment : |
30.04.1992 |
|
DIN No.: |
00399000 |
KEY EXECUTIVES
|
Name : |
Mr. G. K. Kudalkar |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
W.M. Wagh |
|
450000 |
|
A.W. Wagh |
|
180000 |
|
V.W. Wagh |
|
135000 |
|
M. W. Wagh |
|
36000 |
|
Ameeta V. Wagh |
|
8970 |
|
D.T. Shirude |
|
450000 |
|
M.D. Shirude |
|
180000 |
|
S.T. Shirude |
|
81000 |
|
Pallavi P. Kapale |
|
45000 |
|
Priti A. Naik |
|
45000 |
|
Parag D. Shirude |
|
8940 |
|
B. D. Desai |
|
30 |
|
N. B. Desai |
|
30 |
|
A. B. Desai |
|
30 |
|
Total |
|
1620000 |
As on 26.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
99.95 |
|
Other top fifty shareholders |
0.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Machinery used for Pharmaceutical and Chemical
Industry. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Germany · Bangladesh · South Africa |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· France · Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 Days, 60 Days, 90 Days) |
|
|
|
|
Purchasing : |
Credit (30 Days, 60 Days, 90 Days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Actual Production Qty |
|
|
|
|
SS Tanks, Vessel Reactors, Receivers jacketed Vessel |
175 |
|
Liquid Mfg. Plant |
1 |
|
Ointment Mfg. Plant |
2 |
|
Custom Built Equipments CIP/ SIP Unit |
12 |
|
Spares |
83 |
GENERAL INFORMATION
|
Suppliers : |
Autocomp India Private Limited |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
Manufacturing Company · Cipla Limited · Cdila Pharmaceuticals Limited |
||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
115 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda, Pimpalgaon Bhaula Branch, Udyog Bhavan, 1st Floor, MIDC, Satpur, Nashik – 422007, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kothwade and Company Chartered Accountant |
|
Address : |
Jayanti Smruti, B-6 Aarti Co-Operative Housing Society, Amrutnagar,
Ghatkopar (West), Mumbai- 400086, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPK8500G |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1620000 |
Equity Shares |
Rs.10/- each |
Rs. 16.200
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 |
16.200 |
16.200 |
5.400 |
|
(b) Reserves & Surplus |
152.430 |
117.734 |
99.707 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
168.630 |
133.934 |
105.107 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
5.000 |
14.700 |
23.100 |
|
(b) Deferred tax liabilities (Net) |
(0.141) |
0.166 |
0.000 |
|
(c) Other long term
liabilities |
0.889 |
0.989 |
0.989 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
5.748 |
15.855 |
24.089 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
99.103 |
76.274 |
65.022 |
|
(b) Trade
payables |
27.324 |
42.256 |
45.272 |
|
(c) Other
current liabilities |
65.546 |
79.911 |
19.688 |
|
(d) Short-term
provisions |
62.516 |
51.274 |
44.385 |
|
Total Current
Liabilities (4) |
254.489 |
249.715 |
174.367 |
|
|
|
|
|
|
TOTAL |
428.867 |
399.504 |
303.563 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
90.138 |
92.289 |
95.865 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
13.289 |
13.289 |
12.822 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.939 |
4.948 |
6.465 |
|
(e) Other
Non-current assets |
0.000 |
0.190 |
0.000 |
|
Total Non-Current
Assets |
108.366 |
110.716 |
115.152 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
174.732 |
167.713 |
75.750 |
|
(c) Trade
receivables |
86.355 |
63.560 |
64.452 |
|
(d) Cash
and cash equivalents |
17.790 |
15.870 |
12.960 |
|
(e) Short-term
loans and advances |
40.706 |
40.849 |
33.028 |
|
(f) Other
current assets |
0.918 |
0.796 |
2.221 |
|
Total
Current Assets |
320.501 |
288.788 |
188.411 |
|
|
|
|
|
|
TOTAL |
428.867 |
399.504 |
303.563 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
496.342 |
332.393 |
296.284 |
|
|
|
Other Income |
4.484 |
4.611 |
11.864 |
|
|
|
TOTAL (A) |
500.826 |
337.004 |
308.148 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
268.339 |
258.990 |
175.737 |
|
|
|
Employee benefit expenses |
28.059 |
24.455 |
18.808 |
|
|
|
Other expenses |
50.211 |
40.840 |
35.003 |
|
|
|
Purchase of stock in trade Changes in inventories of finished goods,
work in progress and stock in trade |
33.922 |
(90.019) |
(10.868) |
|
|
|
TOTAL (B) |
380.531 |
234.266 |
218.680 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
120.295 |
102.738 |
89.468 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.960 |
15.864 |
10.924 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
102.335 |
86.874 |
78.544 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.756 |
9.316 |
9.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
93.579 |
77.558 |
69.232 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
30.453 |
25.041 |
22.972 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
63.126 |
52.517 |
46.260 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.733 |
2.707 |
2.400 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
24.300 |
20.250 |
16.200 |
|
|
|
Provision for Dividend Tax |
4.130 |
3.441 |
2.753 |
|
|
|
Transfer to General Reserve |
34.000 |
28.800 |
27.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3.429 |
2.733 |
2.707 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
13.163 |
18.998 |
28.528 |
|
|
TOTAL EARNINGS |
13.163 |
18.998 |
28.528 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
131.073 |
95.206 |
71.340 |
|
|
TOTAL IMPORTS |
131.073 |
95.206 |
71.340 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
39.00 |
32.00 |
29.00 |
|
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10175743 |
15/02/2013 * |
100,000,000.00 |
BANK OF BAROADA |
PIMPALGAON BAHULA BRANCH, UDYOG BHAVAN, 1ST FLOOR, MIDC, SATPUR, NASHIK - 422007, MAHARASHTRA, INDIA |
B70379847 |
|
2 |
10173726 |
06/11/2008 |
60,000,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, SATPUR, NASHIK - 422007, MAHARASHTRA, INDIA |
A56355456 |
|
3 |
10110655 |
15/02/2013 * |
195,800,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, UDYOG BHAVAN, 1ST FLOOR, MIDC, SATPUR, NASHIK - 422007, MAHARASHTRA, INDIA |
B70380548 |
|
4 |
10003607 |
31/03/2006 |
3,600,000.00 |
BANK OF BAROADA |
PIMPALGAON BHAULA BRANCH, SATPUR, NASHIK - 422007, MAHARASHTRA, INDIA |
A00693481 |
|
5 |
90187842 |
04/03/2004 * |
6,400,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, NASIK, MAHARASHTRA, INDIA |
- |
|
6 |
90238348 |
26/09/2005 * |
6,400,000.00 |
BANK OFBARODA |
PIMPALGAON BAHULA; SATPUR, NASIK, MAHARASHTRA - 422007, INDIA |
- |
|
7 |
90240199 |
18/09/2007 * |
12,000,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, SATPUR , NASHIK, NASHIK, MAHARASHTRA - 422012, INDIA |
A32582744 |
|
8 |
90187480 |
04/03/2004 * |
375,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, NASIK, MAHARASHTRA, INDIA |
- |
|
9 |
90187265 |
06/03/1987 * |
1,300,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, NASIK, MAHARASHTRA, INDIA |
- |
|
10 |
90187241 |
03/06/1996 * |
1,000,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, NASIK, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and
advances from related party’s |
|
|
|
From Shareholders |
9.650 |
9.600 |
|
Balance in current account of directors |
0.240 |
0.670 |
|
Total |
9.890 |
10.270 |
CHANGE OF ADDRESS
The Registered office of the company has been shifted from 103, Rajguru
Apartments,
OPERATIONS AND
PERFORMANCE
a. SALES: During the year the Company's Order Booking is to the tune of Rs.406.100 Millions as against the previous year of Rs. 569.100 Millions. The net sales including other income is Rs. 500.800 Millions as against the previous year of Rs. 337.000 Millions. The Company performed satisfactorily compared to previous year.
b. PRODUCTION: During the year the production is Rs. 462.400 Millions as against the previous year's production of Rs. 422.400 Millions which is increased by 9.47% compared to previous year.
c. PROFITABILITY: During the year the net pre-tax profit is Rs. 93.579 Millions as against the previous year of Rs. 77.558 Millions which is higher by around 20.65%. During the year 2013-14 the Company has estimated increase in turnover by 20% considering the market conditions. India is recognised as one of the leading global players with large number of drug master files and dossier registrations for Active Pharmaceutical Ingredients (APls) and formulations with manufacturing facilities approved by regulatory authorities of the various countries.
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] 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.60.20 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
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.