MIRA INFORM REPORT
|
Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMI LIFESCIENCES PRIVATE LIMITED (w.e.f.13.06.2006) |
|
|
|
|
Formerly Known
As : |
SUN SCOPE LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Prestige Plaza, 40 Urmi Society, Near Urmi Char
Rasta, Vadodara - 390020, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.03.1994 |
|
|
|
|
Com. Reg. No.: |
04-021470 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 100.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ1994PTC021470 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS05539C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS9549F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of active pharmaceutical ingredients. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 910000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “AMI Group”. It is an established company having
satisfactory track. The company possesses an acceptable financial profile marked by
adequate networth base backed by equity infusion along with moderate leverage
and slight working capital intensive operations. Management has witnessed a healthy revenue base, whereas has reported
a drastic dip in its net profitability during FY14, as a result of volatility
in raw material prices and fluctuation in foreign exchange rates. In view of vast experience of the promoters and certified
manufacturing facilities, the subject can be considered for business dealings
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow 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 |
CARE |
|
Rating |
BB+ (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
March 31, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
A4+ (Short Term Bank Facilities) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
March 31, 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 PARTED BY
|
Name : |
Mr. Bharat Bhimani |
|
Designation : |
Production Manager |
|
Contact No.: |
91-9687670376 |
|
Date : |
13.11.2014 |
LOCATIONS
|
Registered Office : |
2nd Floor, Prestige Plaza, 40 Urmi Society, Near Urmi Char
Rasta, Vadodara - 390020, Gujarat, India
|
|
Tel. No.: |
91-265-2323046 |
|
Fax No.: |
91-265-2313523 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
440/5, Road No.82, GIDC Sachin, Surat - 394230, Gujarat, India |
|
|
|
|
Factory 2 : |
6915, GIDC, Behind Lakya Laboratory, Near Mukta Chowkdi, Ankleshwar,
Gujarat, India |
|
|
|
|
Branch Office/ Factory 3 : |
Plot No.82/B, ECP Channel Road, AT and PO. Karakhadi,
District Baroda - 391450, Gujarat, India |
|
|
|
|
Overseas Offices : |
Located at: 19, Cumberland Drive Voorhees, NJ 08043 USA Tel : +1 856 287 2255 Fax : +1 856 751 4535 Dr. Adel Said Brueelrainweg 21 CH-4147 Aesch Switzerland Tel : +41 61 753 9451 Fax : +41 61
753 9450 |
DIRECTORS
As on: 27.08.2013
|
Name : |
Mr. Girishbhai Limbabhai Chovatia |
|
Designation : |
Managing director |
|
Address : |
A-56, Samarpan Society,
Behind Raneshvar Temple, Vasna Road, Vadodara-390015, Gujarat, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
ABAPC5423A |
|
DIN No.: |
00907321 |
|
|
|
|
Name : |
Ms. Shivani Rudreshkumar Trivedi |
|
Designation : |
Director |
|
Address : |
C-406 Nisarg
Housing Complex, Near Vaccine, Institute, Behind J P Police Station,
Diwalipura, Vadodara-360015, Gujarat, India |
|
Date of Birth/Age : |
12.11.1975 |
|
Date of Appointment : |
30.09.2010 |
|
PAN No.: |
ABWPT7553Q |
|
DIN No.: |
01323471 |
|
|
|
|
Name : |
Mr. Maheshbhai Dhirubhai Kumbhani |
|
Designation : |
Whole-time director |
|
Address : |
B/22, Oum
Society, Behind Mother School, Gotri Vasna Link Road, Baroda- 390015,
Gujarat, India |
|
Date of Birth/Age : |
01.03.1975 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
AJNPK7285K |
|
DIN No.: |
00803956 |
|
|
|
|
Name : |
Mr. Nareshbhai Ramjibhai Patel |
|
Designation : |
Whole-time director |
|
Address : |
26, Sai Baba Nagar
Society, Near Fair Station, Katar Gam, Surat - 390004, Gujarat, India |
|
Date of Birth/Age : |
20.09.1974 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
ABCPP1222C |
|
DIN No.: |
00906232 |
|
|
|
|
Name : |
Mr. Karamshi Devarajbhai Pidhadia |
|
Designation : |
Director |
|
Address : |
A-206, Sun City,
Manjalpur, Vadodara–390011, Gujarat, India |
|
Date of Birth/Age : |
18.01.1954 |
|
Date of Appointment : |
29.09.2012 |
|
PAN No.: |
AGEPP4299A |
|
DIN No.: |
02152597 |
|
|
|
|
Name : |
Mr. Kalpesh Ravajibhai Patel |
|
Designation : |
Whole-time director |
|
Address : |
203, Agman Flat,
11 Sujata Park, Near JP Police Station, Diwalipura, Vadodara-390015, Gujarat,
India |
|
Date of Birth/Age : |
06.09.1969 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
ADEPP3606L |
|
DIN No.: |
02289071 |
|
|
|
|
Name : |
Mr. Sanket Suresh Patil |
|
Designation : |
Director |
|
Address : |
401, Sanghvi Tower, Veer Savarkar Path, Charai, Thane (w), Mumbai-4006 01, Maharashtra, india |
|
Date of Birth/Age : |
21.05.1980 |
|
Date of Appointment : |
01.09.2011 |
|
DIN No.: |
03592808 |
KEY EXECUTIVES
|
Name : |
Mr. Bharat Bhimani |
|
Designation : |
Production Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.08.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 27.08.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
26.80 |
|
Directors
or relatives of directors |
69.09 |
|
Others |
4.11 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Active Pharmaceutical Ingredients. |
|
|
|
|
Products : |
· Central Nervous System · Cardiovascular System · Respiratory Tract · Ant Allergic · Erectile Dysfunction · Musculoskeletal System · Genitourinary System · GI Tract · Nephrology · Products Under development · Drug Intermediates |
|
|
|
|
Brand Names : |
Not Available |
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|
Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
Suppliers : |
Arti Chemical, Vapi |
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Customers : |
Not Available |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
· Axis Bank Limited Vardhaman Complex, Opposite GEB Office, Near Pizza Hut, Race Course (North), Vadodara - 390007, Gujarat, India · Citi Bank N.A. Pelican, 2nd Floor, Opposite Race Course Towers, Gotri Road, Baroda - 390007, Gujarat, India · IndusInd Bank Limited Ground Floor and 1st Floor, Gold Croft, Vishwas Colony, Jetalpur Road, Baroda - 390005, Gujarat, India · HDFC Bank Limited · Kotak Mahindra Bank Limited · State Bank of India ·
Dhanlaxmi Bank Limited · HSBC Bank Limited ·
UCO Bank |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
H Patel and Company Chartered Accountants |
|
Address : |
104, Deepam Residency, 26 Vishwas Colony, Behind Apna
Bazar, Alkapuri, Vadodara - 390005, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACQPP5827Q |
|
|
|
|
Associates : |
· Ami Drugs And Speciality Chemicals Private Limited [U24231GJ2003PTC041913] · Ami Organics Private Limited [U24100GJ2007PTC051093] ·
Siddharth Interchem Private Limited
[U24231GJ2002PTC040746] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 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 |
100.000 |
83.094 |
68.600 |
|
(b) Reserves & Surplus |
217.960 |
190.646 |
124.230 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.100 |
0.166 |
|
Total
Shareholders’ Funds (1) + (2) |
317.960 |
273.840 |
192.996 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
145.753 |
111.733 |
97.369 |
|
(b) Deferred tax liabilities (Net) |
30.094 |
17.237 |
13.609 |
|
(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) |
175.847 |
128.970 |
110.978 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
209.671 |
224.606 |
173.196 |
|
(b) Trade payables |
355.034 |
168.038 |
179.424 |
|
(c) Other current
liabilities |
308.405 |
58.452 |
58.494 |
|
(d) Short-term
provisions |
20.933 |
41.693 |
17.861 |
|
Total Current
Liabilities (4) |
894.043 |
492.789 |
428.975 |
|
|
|
|
|
|
TOTAL |
1387.850 |
895.599 |
732.949 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
526.117 |
289.302 |
272.702 |
|
(ii) Intangible Assets |
1.825 |
1.496 |
1.371 |
|
(iii) Capital
work-in-progress |
0.000 |
44.165 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.050 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.257 |
26.053 |
5.957 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
537.249 |
361.016 |
280.030 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
408.035 |
187.049 |
123.100 |
|
(c) Trade receivables |
390.905 |
320.043 |
272.858 |
|
(d) Cash and cash
equivalents |
24.790 |
14.157 |
8.544 |
|
(e) Short-term loans
and advances |
5.900 |
1.904 |
34.585 |
|
(f) Other current
assets |
20.971 |
11.430 |
13.832 |
|
Total Current Assets |
850.601 |
534.583 |
452.919 |
|
|
|
|
|
|
TOTAL |
1387.850 |
895.599 |
732.949 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1065.810 |
1126.874 |
781.297 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1012.925 |
1029.359 |
739.940 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
EXCEPTIONAL, EXTRAORDINARY ITEMS AND TAXATION |
52.885 |
97.515 |
41.357 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL /
EXTRA ORDINATY ITEMS |
0.839 |
0.164 |
1.076 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
52.046 |
97.351 |
40.281 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
24.732 |
30.935 |
14.917 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
27.314 |
66.416 |
25.364 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Export |
305.782 |
312.700 |
6.649 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORT |
401.725 |
8.440 |
203.112 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.73 |
7.99 |
3.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.75 |
11.43 |
5.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.36 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.12 |
1.23 |
1.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.08 |
1.06 |
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 |
68.600 |
83.094 |
100.000 |
|
Share Application money
pending allotment |
0.166 |
0.110 |
0.000 |
|
Reserves & Surplus |
124.230 |
190.646 |
217.960 |
|
Net worth |
192.996 |
273.850 |
317.960 |
|
|
|
|
|
|
long-term borrowings |
97.369 |
111.733 |
145.753 |
|
Short term borrowings |
173.196 |
224.606 |
209.671 |
|
Total borrowings |
270.565 |
336.339 |
355.424 |
|
Debt/Equity ratio |
1.402 |
1.228 |
1.118 |
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) |
|
Total Income |
781.297 |
1126.874 |
1065.810 |
|
|
|
44.231 |
(5.419) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
781.297 |
1126.874 |
1065.810 |
|
Profit |
25.364 |
66.416 |
27.314 |
|
|
3.25% |
5.89% |
2.56% |
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 |
Yes |
|
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) |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
1.126 |
1.124 |
|
Term loans from others |
58.794 |
52.087 |
|
|
|
|
|
Total |
59.920 |
53.211 |
OPERATION AND
FINANCIAL
The company has achieved turnover of Rs. 1065.800 Million during the current year compared to Rs. 1126.800 Millions in the previous year. The Company has earned a net profit of Rs. 273.100 Million during the current year.
The directors do not recommend any dividend for the current year. The company had not accepted any deposit from the public during the year.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory Equipments
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer Equipments
· Other Equipments
· Computer software
·
Know-how
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10494769 |
26/03/2014 |
10,143,167.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDA
APPARTMENTS,, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
C04555439 |
|
2 |
10448286 |
29/08/2013 |
26,900,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT,
MUMBAI, |
B84677533 |
|
3 |
10481596 |
19/08/2013 |
1,400,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE,
LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B87320586 |
|
4 |
10437520 |
10/06/2013 |
44,000,000.00 |
CITIBANK N. A. |
PELICAN, 2ND FLOOR,, OPP RACE COURSE
TOWERS, GOTRI ROAD, BARODA, GUJARAT - 390007, INDIA |
B79906244 |
|
5 |
10424667 |
26/03/2013 |
12,500,000.00 |
INDUSIND BANK LTD. |
GROUND FLOOR & 1ST FLOOR,, GOLD
CROFT, VISHWAS COLONY, JETALPUR ROAD,, BARODA, GUJARAT - 390005, INDIA |
B74742024 |
|
6 |
10362557 |
31/05/2012 |
12,500,000.00 |
INDUSIND BANK LTD. |
GROUND FLOOR & 1ST FLOOR, GOLD
CROFTVISHWAS COLONY |
B42428169 |
|
7 |
10285679 |
06/04/2011 |
30,000,000.00 |
CITIBANK N. A. |
1ST FLOOR, PELICAN, OPP. RACE COURSE
TOWER, GOTRI |
B12258752 |
|
8 |
10247289 |
01/04/2013 * |
120,000,000.00 |
CITIBANK N. A. |
1ST FLOOR, KALAPURAM,, NR. MUNICIPAL
MARKET, C.G. |
B71994065 |
|
9 |
10204968 |
03/02/2010 |
694,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, VARDHAMAN COMPLEX,, BESIDES
PIZZA HUT, |
A79948063 |
|
10 |
10205710 |
03/02/2010 |
694,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, VARDHAMAN COMPLEX,, BESIDES PIZZA
HUT, |
A80244387 |
* Date of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.55 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.76.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above average
(strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and principal
sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit
not recommended |
|
-- |
NB |
New
Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.