MIRA
INFORM REPORT
|
Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DSM SINOCHEM PHARMACEUTICALS INDIA PRIVATE LIMITED (w.e.f. 10.04.2012) |
|
|
|
|
Formerly Known
As : |
DSM ANTI INFECTIVES INDIA LIMITED |
|
|
|
|
Registered
Office : |
Bhai Mohan Singh Nagar, Toansa, Tehsil Balachaur, District Nawanshahr,
Ludhiana – 144533, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.01.1993 |
|
|
|
|
Com. Reg. No.: |
16-023090 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1603.010 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231PB1993PTC023090 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDD01636F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM4314K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Bulk Drugs and Intermediate Products. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 7100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company has recovered its financial losses and it has achieved
profit during financial year 2013. However, the rating is constrained on account of low reserves of the
company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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 |
|
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.
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 (GENERAL DETAILS)
|
Name : |
Ms. Lalita |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-124-4179900 |
|
Date : |
05.05.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Bhai Mohan Singh Nagar, Toansa, Tehsil Balachaur, District Nawanshahr,
Ludhiana – 144533, Punjab, India |
|
Tel. No.: |
91-1881-509650/ 273624/ 6 |
|
Fax No.: |
91-1881-509890 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Corporate/ Branch Office 1 : |
9th Floor, Tower A, Infinity Towers, DLF Phase II Gurgaon – 122002,
Haryana, India |
|
Tel. No.: |
91-124-4179900 |
|
|
|
|
Branch Office 2 : |
Plot No.E57 and E58, Additional MIDC, Anandnagar,
Ambernath (East), Thane - 421501, Maharashtra, India |
|
Tel. No.: |
91-251-6484018 |
|
|
|
|
Branch Office 3 : |
Windsor House, 401 Fourth Floor, CST Road, Kalina, Santacruz (East), Mumbai – 400098, Maharashtra, India |
|
Tel. No.: |
91-22-40349100 |
|
|
|
|
Branch Office 4 : |
401/402, 4th Floor, NSG IT Park, Aundh, Pune – 411007, Maharashtra, India |
|
Tel. No.: |
91-20-66430800 |
|
|
|
|
Branch Office 5 : |
Plot No. F 40, Ranjangaon MIDC, Tal. Shirur, Ranjangaon – 412220, Maharashtra, India |
|
|
|
|
Branch Office 6 : |
Unit 3, 9th Floor, Building # 20 (Zenon), Sundew Properties Private Limited, IT and ITES - SEZ, K Raheja Mindspace IT Park, Hitech City, Madhapur, Hyderabad – 500081, Andhra Pradesh, India |
|
Tel. No.: |
91 40 4949 4000 |
|
|
|
|
Branch Office 7 : |
Unit No 407, Barton Center, 4th Floor, No 84, MG Road, Bangalore – 560001, Karnataka, India |
|
|
|
|
Branch Office 8 : |
Global Axis, Plot No. 152, Gopalan Enterprises SEZ, EPIP Area, Bangalore – 560069, Karnataka, India |
|
Tel. No.: |
91-80-67255000 |
|
|
|
|
Branch Office 9 : |
Plot No.: 1252, Road No. 14, Kalamboli Warehousing Company, Panvel, Raigad – 410218, Maharashtra, India |
DIRECTORS
As on 20.09.2013
|
Name : |
Mr. Vineet Kumar Singhal |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 1303, Tower 5, The Palms South City 1, Gurgaon – 122001,
Haryana, India |
|
Date of Birth/Age : |
20.11.1972 |
|
Date of Appointment : |
03.07.2012 |
|
PAN No.: |
AIGPS2799L |
|
DIN No.: |
00552569 |
|
|
|
|
Name : |
Bartholomeus Joannes Josephus Vincentius Welten |
|
Designation : |
Director |
|
Address : |
25 Oxley Walk #02-22 Belle Vue Residences Singapore 238595 |
|
Date of Birth/Age : |
06.10.1960 |
|
Date of Appointment : |
24.05.2013 |
|
DIN No.: |
06615396 |
|
|
|
|
Name : |
Mr. Vikas Mittal |
|
Designation : |
Director |
|
Address : |
H. No. 134, Old Housing Boaard Colony, Panipat – 132103, Haryana,
India |
|
Date of Birth/Age : |
27.02.1977 |
|
Date of Appointment : |
11.05.2012 |
|
DIN No.: |
05286146 |
KEY EXECUTIVES
|
Name : |
Ms. Lalita |
|
Designation : |
Accounts Executive |
|
|
|
|
Name : |
Ms. Komal Sachin Gupta |
|
Designation : |
Secretary |
|
Address : |
F 102, Bestech Park View City II, Sohna Road, Near Omaxe Mall, Gurgaon
– 122001, Haryana, India |
|
Date of Birth/Age : |
25.03.1983 |
|
Date of Appointment : |
30.04.2010 |
|
PAN No.: |
BHAPS5283H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Gist Brocades International, B.V, Netherlands |
|
160300676 |
|
Pranesh Sridharan (held as nominee for Gist Brocades
International, B.V, Netherlands) |
|
5 |
|
Vineet Kumar Singhal (held as nominee for Gist Brocades
International, B.V, Netherlands) |
|
5 |
|
Gautam Aggarwal (held as
nominee for Gist Brocades International, B.V, Netherlands) |
|
2 |
|
Somen Ganguly (held as nominee for Gist Brocades International,
B.V, Netherlands) |
|
2 |
|
Rajesh Salwan (held as nominee for Gist Brocades International,
B.V, Netherlands) |
|
2 |
|
Vikas Mittal (held as nominee for Gist Brocades International,
B.V, Netherlands) |
|
4 |
|
|
|
|
|
Total |
|
160300696 |
Equity Share Break up (Percentage of Total Equity)
As on 20.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Bulk Drugs and Intermediate Products. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
·
Pakistan ·
Bangladesh ·
Sri Lanka ·
Israel |
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw Material |
||||||||
|
Countries : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
L/C and Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS AS ON (31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Intermediates |
MT |
NA |
2160 |
608.96 |
|
Bulk Drugs |
MT |
NA |
4080 |
3990.10 |
Notes: -
1.
Installed capacity, being a technical matter, has
been certified by the management and accepted by the Auditors. Installed
capacities are as on 31st March, 11.
2.
Actual production includes 558.00 MTs (Previous year
925.94 MTs) of Intermediates used for captive consumption.
3.
Production includes job work production of 14.44
MTs (Previous year Nil) of bulk drugs and 15.48 MTs of intermediate (Previous
year 231.14 MTs). Out of 15.48 MTs of intermediates 15.48 MTs were captively
consumed.
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
Golf View Corporate, Tower-BSector-42, Sector Road |
|
Income-tax
PAN of auditor or auditor's firm : |
AALFS0506L |
|
|
|
|
Holding company: |
· Gist Brocades International B.V. |
|
|
|
|
Ultimate Holding
company: |
· DSM Sinochem Pharmaceuticals Limited |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their relatives: |
· DSM Sinochem Pharmaceuticals BV · Zhangjiakou Gist-Brocades Pharmaceuticals Company Limited, China (ZGB, China) · DSM Trading (Shanghai) Company Limited, Hongkong · DSM Finance, The Netherlands · DSM Food Specialties Products · DSM Nutritional Products, The Netherlands · DSM Nutritional Products, India · DSM Anti-Infectives, Egypt (DAI Egypt) S. A.E. · DSM Anti Infectives, Egypt L.L.C. · Zhangjiakou DHA Pharmaceutical Company Limited · DSM Expert Centre BV · DSM ZIBO Pharmaceuticals Company Limited · DSM Sourcing BV · DSM Pharmaceutical Products INC. · DSM New Business Development BV · ZJK DSM Hayao Pharma · Fersinsa GB, S.A. · DSM Innovation Center · DSM Business Support B.V. · DSM Nutritional Products, USA · DSM IT B.V. · DSM Biomedical · DSM Fine Chemicals, Austria · DSM Trading (Beijing) Company · DSM India Private Limited, India [U25209PN1998PTC014523] · DSM Services USA Inc. · DSM Desotech · DSM Sinochem Biochem Intermediate · DSM Innovative Synthese · Koninklijke DSM N.V. |
|
|
|
|
Joint venture: |
· Hindustan Max-GB Limited, India [U24232PN1995PLC017954] |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
170000000 |
Equity Shares |
Rs.10/- each |
Rs. 1700.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160300696 |
Equity Shares |
Rs.10/- each |
Rs. 1603.010
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 |
1603.010 |
1603.010 |
1603.010 |
|
(b) Reserves & Surplus |
165.030 |
(395.170) |
(303.590) |
|
(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) |
1768.040 |
1207.840 |
1299.420 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
835.390 |
0.000 |
757.520 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
835.390 |
0.000 |
757.520 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
760.340 |
572.830 |
446.000 |
|
(b) Trade payables |
2946.040 |
2453.090 |
2627.180 |
|
(c) Other current liabilities |
87.550 |
903.150 |
98.870 |
|
(d) Short-term provisions |
62.160 |
26.310 |
20.860 |
|
Total
Current Liabilities (4) |
3856.090 |
3955.380 |
3192.910 |
|
|
|
|
|
|
TOTAL |
6459.520 |
5163.220 |
5249.850 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1028.140 |
1087.610 |
1190.390 |
|
(ii) Intangible Assets |
0.000 |
0.500 |
0.000 |
|
(iii) Capital work-in-progress |
11.030 |
27.620 |
5.530 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
71.570 |
39.390 |
40.390 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1110.740 |
1155.120 |
1236.310 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1933.880 |
1222.590 |
1082.320 |
|
(c) Trade receivables |
2868.900 |
2291.080 |
2208.920 |
|
(d) Cash and cash equivalents |
218.410 |
160.150 |
335.140 |
|
(e) Short-term loans and
advances |
312.010 |
323.290 |
362.450 |
|
(f) Other current assets |
15.580 |
10.990 |
24.710 |
|
Total
Current Assets |
5348.780 |
4008.100 |
4013.540 |
|
|
|
|
|
|
TOTAL |
6459.520 |
5163.220 |
5249.850 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11038.610 |
8241.930 |
8624.080 |
|
|
|
Other Income |
18.700 |
33.770 |
104.320 |
|
|
|
TOTAL (A) |
11057.310 |
8275.700 |
8728.400 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
|
|
7378.920 |
|
|
|
Employee related expenses |
|
|
301.520 |
|
|
|
Administrative selling other expenses |
|
|
1038.820 |
|
|
|
TOTAL (B) |
10262.020 |
8155.410 |
8719.260 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
795.290 |
120.290 |
9.160 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
91.280 |
90.70 |
96.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
704.010 |
29.590 |
(87.590) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
133.890 |
133.150 |
133.720 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ [LOSS] BEFORE
TAX (E-F) (G) |
570.120 |
(103.560) |
(221.310) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.810 |
(2.150) |
36.060 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ [LOSS]
AFTER TAX (G-H) (I) |
554.310 |
(101.410) |
(257.370) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export at FOB Value |
4604.850 |
3132.520 |
2977.840 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
3919.940 |
|
|
|
Traded Goods |
|
|
485.690 |
|
|
|
Stores and Spare parts |
|
|
3.260 |
|
|
|
Capital Items |
|
|
0.520 |
|
|
|
Material In Transit |
|
|
214.380 |
|
|
TOTAL IMPORTS |
NA |
NA
|
4623.790 |
|
|
|
|
|
|
|
|
|
|
Earnings/ [Loss]
Per Share (Rs.) |
3.46 |
(0.63) |
(1.63) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.01
|
(1.23) |
(2.95) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.16
|
(1.26) |
(2.57) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.84
|
(2.02) |
(4.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
(0.09) |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.90
|
0.47 |
0.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
1.01 |
1.26 |
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 |
1,603.010 |
1,603.010 |
1,603.010 |
|
Reserves & Surplus |
(303.590) |
(395.170) |
165.030 |
|
Net
worth |
1,299.420 |
1,207.840 |
1,768.040 |
|
|
|
|
|
|
long-term borrowings |
757.520 |
0.000 |
835.390 |
|
Short term borrowings |
446.000 |
572.830 |
760.340 |
|
Total
borrowings |
1,203.520 |
572.830 |
1,595.730 |
|
Debt/Equity
ratio |
0.926 |
0.474 |
0.903 |
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 |
8624.080 |
8241.930 |
11038.610 |
|
|
|
(4.431) |
33.932 |
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 |
8624.080 |
8241.930 |
11038.610 |
|
Profit |
(257.370) |
(101.410) |
554.310 |
|
|
(2.98%) |
(1.23%) |
5.02% |
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 |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Foreign currency term loans from others |
835.390 |
0.000 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
760.340 |
313.140 |
|
Working capital loans from banks |
0.000 |
259.690 |
|
Total |
1595.730 |
572.830 |
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Leasehold improvements
Intangible assets
· 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.59.99 |
|
|
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.