MIRA INFORM REPORT
|
Report Date : |
10.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
NEON LABORATORIES LIMITED |
|
|
|
|
Formerly Known
As : |
NEON LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
140, Damji Shamji Industrial Complex, Mahakali Caves Road, Andheri,
Mumbai - 400093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.06.1982 |
|
|
|
|
Com. Reg. No.: |
11-027493 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.300
Millions |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1982PLC027493 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMN11047B / MUMN10021E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN1299D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Pharmaceuticals. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exits |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be sound and healthy. Trade relations are fair. Business is active. Payments terms are
reported to be usually correct. The company 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go
slowly on talks over coal supply contracts, uncertainty over cancellation of
blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn Business Empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M a M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk |
|
Date |
07.08.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk |
|
Date |
07.08.2014 |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Rakesh Parmar |
|
Designation : |
Finance Head |
|
Contact No.: |
91-22-26875366/72 |
|
Date : |
10.11.2014 |
LOCATIONS
|
Registered Office/ Corporate
Office : |
140, Damji Shamji Industrial Complex, Mahakali Caves Road, Andheri,
Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-26875366 – 72 / 30077000 |
|
Fax No.: |
91-22-26873502 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Uttam Keshrimal Jain |
|
Designation : |
Director |
|
Address : |
2005 Kent Gardens TPS III, Factory Lane, Borivali (West), Mumbai -
400092, Maharashtra, India |
|
Date of Birth/Age : |
05.02.1954 |
|
Date of Appointment : |
22.06.1982 |
|
Voter ID No.: |
MT090450690238 |
|
DIN No.: |
00205866 |
|
|
|
|
Name : |
Mr. Pravin Keshrimal Jain |
|
Designation : |
Director |
|
Address : |
201- 201A Tulsi Tower Co-operative Housing Society, TPS III, Borivali (West),
Mumbai- 400092, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1964 |
|
Date of Appointment : |
06.02.1996 |
|
Voter ID No.: |
MT09045171257 |
|
DIN No.: |
00205927 |
|
|
|
|
Name : |
Mr. Abhay Uttam Jain |
|
Designation : |
Additional Director |
|
Address : |
2005 Kent Gardens TPS III, Factory Lane, Borivali (West), Mumbai-
400092, Maharashtra, India |
|
Date of Birth/Age : |
17.04.1984 |
|
Date of Appointment : |
05.02.2007 |
|
DIN No.: |
01304069 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Parmar |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Babulal Keshrimal Jain |
|
43604 |
|
Uttam Keshrimal Jain |
|
36263 |
|
Ashok Keshrimal Jain |
|
99050 |
|
Pravin Keshrimal Jain |
|
40632 |
|
|
|
113287 |
|
Kamla B. Jain |
|
129297 |
|
Meena A. Jain |
|
121917 |
|
Moham B. Jain |
|
39044 |
|
Manohar D. Sirsankar |
|
1333 |
|
Manish B. Jain |
|
8820 |
|
Uttam Keshrimal Jain (HUF) |
|
104850 |
|
Babula Keshrimal Jain (HUF) |
|
25713 |
|
Pravin Jain – Hira and Company, |
|
67 |
|
Ashok Keshrimal Jain (HUF) |
|
64400 |
|
Bharti P. Jain |
|
161333 |
|
Rohan A. Jain |
|
56802 |
|
|
|
128743 |
|
Rahul A. Jain |
|
86101 |
|
Prachi P. Jain |
|
92270 |
|
Manish B. Jain (HUF) |
|
5867 |
|
Pravin Keshrimal Jain (HUF) |
|
33090 |
|
Sangeeta M. Jain |
|
111757 |
|
Aarya M. Jain |
|
100 |
|
Misal P. Jain |
|
100 |
|
Niyati P. Jain |
|
1450 |
|
Mohan B. Jain (HUF) |
|
24110 |
|
Total |
|
1530000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.91 |
|
Other top fifty shareholders |
0.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceuticals. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS (As on 31.03.2014)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Injections |
Units |
NA |
417.478 |
126.566 |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information denied by management |
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Bankers : |
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Facilities : |
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nikhil Gandhi and Company Chartered Accountants |
|
Address : |
303/304, Vyom Arcade, Tejpal Scheme Road No. 5, Opposite GYS Infinity,
Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Tel. No.: |
91-22-66981760 / 26205279 |
|
Fax No.: |
91-22-66981760 |
|
PAN No: |
AABPG4149D |
|
|
|
|
Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
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|
Subsidiaries : |
CIN No.: U24232MH2007PLC174054
CIN No.: U74900MH2007PLC171648
CIN No.: U24239MH1990PTC058797 |
|
|
|
|
Enterprises which are owned, or have significant influence of
or are partners with Key management personnel and their relatives |
CIN No.: U24233DL2005PLC140455
CIN No.: U24230MH2004PTC147834
CIN No.: U24112MH1991PTC059944
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1530000 |
Equity Shares |
Rs.10/- each
|
Rs.15.300
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.300 |
15.300 |
15.300 |
|
(b) Reserves & Surplus |
2,630.311 |
2,194.640 |
1,834.945 |
|
(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) |
2,645.611 |
2,209.940 |
1,850.245 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
651.062 |
544.810 |
544.679 |
|
(b) Deferred tax liabilities (Net) |
80.712 |
69.117 |
59.640 |
|
(c) Other long term
liabilities |
111.658 |
2.913 |
2.913 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
843.432 |
616.840 |
607.232 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
798.893 |
793.866 |
624.624 |
|
(b) Trade
payables |
371.608 |
403.328 |
359.195 |
|
(c) Other
current liabilities |
183.924 |
138.225 |
135.966 |
|
(d) Short-term
provisions |
805.726 |
607.327 |
541.000 |
|
Total Current
Liabilities (4) |
2,160.151 |
1,942.746 |
1,660.785 |
|
|
|
|
|
|
TOTAL |
5,649.194 |
4,769.526 |
4,118.262 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
721.443 |
731.883 |
710.014 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
2.887 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
522.053 |
642.053 |
330.901 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2,118.948 |
1,612.161 |
1,462.882 |
|
(e) Other
Non-current assets |
35.860 |
2.034 |
1.086 |
|
Total Non-Current
Assets |
3,398.304 |
2,988.131 |
2,507.770 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
620.914 |
507.903 |
355.521 |
|
(c) Trade
receivables |
651.665 |
597.864 |
587.338 |
|
(d) Cash
and cash equivalents |
66.698 |
24.775 |
15.830 |
|
(e)
Short-term loans and advances |
909.669 |
649.112 |
648.877 |
|
(f) Other
current assets |
1.944 |
1.741 |
2.926 |
|
Total
Current Assets |
2,250.890 |
1,781.395 |
1,610.492 |
|
|
|
|
|
|
TOTAL |
5,649.194 |
4,769.526 |
4,118.262 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
3,614.166 |
2,971.518 |
2,306.185 |
|
|
|
|
Other Income |
49.573 |
28.742 |
142.258 |
|
|
|
|
TOTAL (A) |
3,663.739 |
3,000.260 |
2,448.443 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
982.442 |
814.683 |
646.171 |
|
|
|
|
Purchase of Stock-in-trade |
545.190 |
314.394 |
97.523 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(95.041) |
(123.392) |
(106.773) |
|
|
|
|
Employee Benefits Expenses |
416.346 |
368.424 |
280.063 |
|
|
|
|
Other Expenses |
1,039.161 |
866.880 |
740.346 |
|
|
|
|
Extraordinary Items |
(92.500) |
0.000 |
0.000 |
|
|
|
|
TOTAL (B) |
2,795.598 |
2,240.989 |
1,657.330 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
868.141 |
759.271 |
791.113 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
185.083 |
155.917 |
129.177 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
683.058 |
603.354 |
661.936 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
35.782 |
36.595 |
38.412 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
647.276 |
566.759 |
623.524 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
211.594 |
204.479 |
216.501 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
435.682 |
362.280 |
407.023 |
||
|
|
|
|
|
|
||
|
Add/ Less |
INCOME
TAX FOR EARLIER YEARS |
NA |
0.985 |
0.569 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Proposed Final Dividend |
NA |
1.377 |
1.377 |
|
|
|
|
Tax on Dividend |
NA |
0.223 |
0.223 |
|
|
|
|
Transferred to General Reserve |
NA |
9.000 |
9.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
350.695 |
395.854 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
353.379 |
233.273 |
150.787 |
|
|
|
TOTAL EARNINGS |
353.379 |
233.273 |
150.787 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
359.348 |
288.268 |
161.647 |
|
|
|
|
Capital Goods |
4.248 |
0.988 |
25.369 |
|
|
|
TOTAL IMPORTS |
363.596 |
289.256 |
187.016 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
284.76 |
236.78 |
266.03 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
12.05 |
12.19 |
17.65 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
24.02 |
25.55 |
34.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.62 |
13.73 |
16.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.26 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.61 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
0.92 |
0.97 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
15.300 |
15.300 |
15.300 |
|
Reserves & Surplus |
1834.945 |
2194.640 |
2630.311 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1850.245 |
2209.940 |
2645.611 |
|
|
|
|
|
|
Long Term borrowings |
544.679 |
544.810 |
651.062 |
|
Short Term borrowings |
624.624 |
793.866 |
798.893 |
|
Total
borrowings |
1169.303 |
1338.676 |
1449.955 |
|
Debt/Equity
ratio |
0.632 |
0.606 |
0.548 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
2,306.185 |
2,971.518 |
3,614.166 |
|
|
|
28.850 |
21.627 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
2,306.185 |
2,971.518 |
3,614.166 |
|
Profit |
407.023 |
362.280 |
435.682 |
|
|
17.65% |
12.19% |
12.05% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
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 |
Yes |
|
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 |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
Case Details |
||||||||||
|
Bench:- Bombay |
||||||||||
|
Lodging No. : |
NMAL/2260/2012 |
Failing Date:- |
24/07/2012 |
Reg. No.: |
NMA/1815/2012 |
Reg. Date: |
30/07/2012 |
|||
|
Main Matter |
||||||||||
|
Lodging No.: |
APP/399/2012 |
Reg. No.: |
APP/399/2012 |
|||||||
|
|
||||||||||
|
Petitioner:- |
MEDICAL TECHNOLOGIES LIMITED AND
ANOTHER |
Respondent:- |
NEON LABORATORIES LIMITED |
|||||||
|
Petn.Adv:- |
G.S. HEGDE AND V.A. BHAGAT (0) |
|
|
|||||||
|
District:- |
OUTSIDE MAHARASHTRA |
|||||||||
|
Bench:- |
DIVISION |
|||||||||
|
Status:- |
Pre-Admission |
Category: |
NOTICE OF MOTION (APPEAL) |
|||||||
|
Last Date:- |
07/01/2013 |
|||||||||
|
Last Coram:- |
HON’BLE SHRI JUSTICE DR. CHANDRACHUD HON’BLE SHRI JUSTICE A.A. SAYED |
|||||||||
OPERATIONS AND
OUTLOOK:
The company's Sales Turnover during the year has registered a growth of about 22% among stiff competition over previous Financial Year. That is Sales Turnover for F.Y.2013-14 stands increased to Rs.3610.000 Millions that from Rs.2970.000 Millions of F.Y. 2012-13 and profit before tax stood at Rs.647.200 Millions during the year.
NEW PRODUCT
LAUNCHES
The Company has launched various new products including brand extension during the year in the segment of Anesthetic, Gynecologic and Surgical and getting good market response.
FUTURE PLAN OF ACTION:
The company is evaluating the introduction of many new products and line extensions to further augment the current product portfolio
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10526841 |
06/10/2014 * |
105,000,000.00 |
Tata Capital Financial Services Limited |
12th Floor, Tower A, Peninsula Business Park,, Ganpatrao Kadam Marg, Lower Parel, Mumbai, Maharashtra - 400013, INDIA |
C31057987 |
|
2 |
10505201 |
30/05/2014 |
60,000,000.00 |
Bassein Catholic Co-operative Bank Limited |
Marol Branch, Koshya Apartment, Ground Floor, Bamanpuri Road, J B Nagar, Andheri (E), Mumbai, Maharashtra - 400058, India |
C08584559 |
|
3 |
10494661 |
28/02/2014 |
57,000,000.00 |
Dcb Bank Limited |
601
& 602, Peninsula Business Park, 6th Floor,, Tower A, Senapati Bapat Marg,
Lower Parel,, Mumbai, |
C04533675 |
|
4 |
10434943 |
10/06/2013 |
984,000.00 |
State Bank Of India |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir MV Road Western Express Highway, Andheri (E),, Mumbai, Maharashtra - 400069, India |
B78789799 |
|
5 |
10410683 |
22/02/2013 |
1,125,000.00 |
State Bank Of India |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir MV Road Western Express Highway, Andheri (E),, Mumbai, Maharashtra - 400069, India |
B70236120 |
|
6 |
10411583 |
22/02/2013 |
1,275,000.00 |
State Bank Of India |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir MV Road Western Express Highway, Andheri (E),, Mumbai, Maharashtra - 400069, India |
B70702733 |
|
7 |
10397787 |
19/12/2012 |
565,000.00 |
State Bank Of India |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir MV Road Western Express Highway, Andheri (E),, Mumbai, Maharashtra - 400069, India |
B66166422 |
|
8 |
10397788 |
19/12/2012 |
610,000.00 |
State Bank Of India |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir MV Road Western Express Highway, Andheri (E),, Mumbai, Maharashtra - 400069, India |
B66166521 |
|
9 |
10362097 |
31/05/2012 |
25,000,000.00 |
DCB Bank Limited |
601
& 602, Peninsula Business Park, 6th Floor,, Tower A, Senapati Bapat Marg,
Lower Parel,, Mumbai, |
B42218974 |
|
10 |
10315711 |
21/10/2011 |
58,500,000.00 |
Development Credit Bank Limited |
301, Delta Plaza, 414, Veer Savarkar Marg, prabhadevi,, Mumbai, Maharashtra - 400025, India |
B24571556 |
|
11 |
90189182 |
02/03/2002 |
23,400,000.00 |
Sicom Ltd |
Nirmal Ist Floor ; Nariamn Point, Bombay, Maharashtra - 400021, India |
- |
|
12 |
90188700 |
19/03/2014 * |
1,202,700,000.00 |
State Bank Of India |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir MV Road Western Express Highway, Andheri (E),, Mumbai, Maharashtra - 400069, India |
C04534657 |
|
13 |
90186062 |
31/03/1994 |
3,500,000.00 |
Maharashtra State Financial Corporation |
New
Excelsior Building;5th ;7th ;9th Floors, Amrit Keshav Nayak Marg, Bombay,
Maharashtra - 400001 |
- |
|
14 |
90189099 |
20/12/1991 |
4,000,000.00 |
State Bank Of India |
Borivli
East Branch, Bombay, Maharashtra - 400066, |
- |
|
15 |
90188318 |
24/06/1992 * |
4,300,000.00 |
State Bank Of India |
Borivli
East Branch, Bombay, Maharashtra - 400066, |
- |
|
16 |
90189071 |
17/10/1988 |
4,300,000.00 |
State Bank Of India |
Borivli
East Branch, Bombay, Maharashtra - 400066, |
- |
|
17 |
90188315 |
21/12/1993 * |
4,300,000.00 |
State Bank Of India |
Borivli
East Branch, Bombay, Maharashtra - 400066, |
- |
|
18 |
90188206 |
02/01/1986 |
3,475,000.00 |
State Bank Of India |
Pal Nagar Branch, Thane, Maharashtra - 400066, India |
- |
|
19 |
90189028 |
30/03/1984 |
2,000,000.00 |
The Maharashtra State Financial Corporation |
New
Excelsior Building 5th; 7th ;9th Floor, Ak N |
- |
*Date of modification Charges
FIXED ASSETS:
·
·
·
Residential Flat
·
·
·
·
Furniture and Fixture
·
Plant and Machinery
·
Material Handling and
Laboratory Equipment’s
·
Temperature Control
Equipment
·
Boiler
·
Office Equipment
·
Electrical Installation
·
Blocks and Dyes
·
Computer
·
Vehicles
·
Commercial Vehicle
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.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
51 |
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.