MIRA INFORM REPORT
|
Report Date : |
17.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
JOHNSON AND JOHNSON LIMITED |
|
|
|
|
Registered
Office : |
Lal Bahadur Shastri Marg, Mulund (West), Mumbai – 400080, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.09.1957 |
|
|
|
|
Com. Reg. No.: |
11-010928 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 144.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33110MH1957PLC010928 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AAACJ1067F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ0866E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
consumer and hospital products. |
|
|
|
|
No. of Employees
: |
Not Available [We tried to confirm the number of employees but no one is
ready to part any information from the company management] |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 35000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having fine track
record. As per registrar of companies the date of Balance Sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to
financials are not available for any source. As per available financial of 2013, the rating reflects company’s
healthy operational risk profile supported by decent brand name with
diversified product portfolio, strong financial base and adequate
profitability margins of the company. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitment. The company can be considered good 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 – 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 illfully 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
Not Available
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
Management non co-operative (91-22-66646464)
LOCATIONS
|
Registered Office : |
Lal Bahadur Shastri Marg, Mulund (West), Mumbai – 400080, Maharashtra,
India |
|
Tel. No.: |
91-22-23861431 / 24241431/23861451 /
66646464 |
|
Fax No.: |
91-22-23871482 / 23801482 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 22.08.2014
|
Name : |
Mr. Sanjiv Hari Navangul |
|
Designation : |
Whole Time Director |
|
Address : |
No.4, Kismat Perry Cross Road and Kantiwadi Road, Nandra West, Mumbai
– 400050, Maharashtra, India |
|
Date of Birth/Age : |
26.12.1964 |
|
Date of Appointment : |
28.11.2013 |
|
DIN No.: |
02924640 |
|
|
|
|
Name : |
Mr. Sushobhan Dasgupta |
|
Designation : |
Whole Time director |
|
Address : |
Care of Johnson and Johnson Limited, 30 Forjett Street, Mumbai – 400
036, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1962 |
|
Date of Appointment : |
27.09.2012 |
|
DIN No.: |
06381955 |
|
|
|
|
Name : |
Mr. Anil Vasantrai Upadhyay |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No.42, Alka Building, Major Parmeshwaraan Road, Opposite SIWS
College Wadala, Mumbai – 400 031, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1958 |
|
Date of Appointment : |
25.09.2012 |
|
DIN No.: |
00236635 |
|
|
|
|
Name : |
Mr. Suresh Vikas Srivastava |
|
Designation : |
Managing Director |
|
Address : |
Vivarea 40 th Floor, Jacob Cirle Sane Gyruji Marg, Mumbai – 400011,
Maharashtra, India |
|
Date of Birth/Age : |
03.12.1969 |
|
Date of Appointment : |
14.06.2014 |
|
DIN No.: |
06923769 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Vasantrai Upadhyay |
|
Designation : |
Secretary |
|
Address : |
Flat No.42, Alka Building, Major Parmeshwaraan Road, Opposite SIWS
College Wadala, Mumbai – 400 031, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1958 |
|
Date of Appointment : |
01.09.2000 |
|
PAN No.: |
AAAPU0992M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 22.08.2014
|
Name of
Shareholders |
No. of Shares |
%age |
|
|
1,080,000 |
75.00 |
|
Depuy Medical Private Limited,
India |
360,000 |
25.00 |
|
Total |
1,440,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
75.00 |
|
Bodies corporate |
|
25.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
consumer and hospital products |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Avalable |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Avalable |
||||||||
|
|
|
||||||||
|
Exports : |
Not Avalable |
||||||||
|
|
|
||||||||
|
Imports : |
Not Avalable |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Not Available |
||||||||
|
|
|
||||||||
|
Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
Not Available |
|
|
|
|
Customers : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available [We tried to confirm the number of employees but no one
is ready to part any information from the company management] |
|
|
|
|
Bankers : |
The Hong Kong and the Shanghai Banking Corporation Limited, 52/60,
Mahatma Gandhi Road, Fort, Mumbai – 400 001, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lovelock and Lewes Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
PAN No.: |
AABFL5878L |
|
|
|
|
Holding and Ultimate Holding Company: |
Johnson and Johnson, USA |
|
|
|
|
Subsidiaries: |
|
|
|
|
|
Enterprises having significant influence and a subsidiary of the
holding company: |
|
|
|
|
|
Fellow
Subsidiaries / Associate Enterprises with whom the Company has transactions: |
|
|
|
|
|
List of Fellow
Subsidiaries / Associate
Enterprises : |
|
|
|
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.100/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1440000 |
Equity Shares |
Rs.100/-
each |
Rs.144.000
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 |
144.000 |
144.000 |
144.000 |
|
(b) Reserves & Surplus |
11972.700 |
11433.800 |
8054.600 |
|
(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) |
12116.700 |
11577.800 |
8198.600 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
1074.400 |
1027.200 |
1213.100 |
|
Total Non-current
Liabilities (3) |
1074.400 |
1027.200 |
1213.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
7965.600 |
6929.700 |
5993.800 |
|
(c) Other current
liabilities |
1083.600 |
986.400 |
925.600 |
|
(d) Short-term
provisions |
1351.300 |
193.500 |
224.800 |
|
Total Current
Liabilities (4) |
10400.500 |
8109.600 |
7144.200 |
|
|
|
|
|
|
TOTAL |
23591.600 |
20714.600 |
16555.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3633.900 |
3415.200 |
2955.300 |
|
(ii) Intangible Assets |
1367.300 |
1317.500 |
1556.800 |
|
(iii) Capital
work-in-progress |
559.500 |
415.200 |
237.200 |
|
(iv) Intangible assets under development &
work-in-progress |
0.000 |
1.100 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
339.700 |
191.400 |
242.500 |
|
(d) Long-term Loan and Advances |
2690.700 |
2776.900 |
2815.500 |
|
(e) Other
Non-current assets |
141.100 |
125.400 |
0.000 |
|
Total Non-Current
Assets |
8732.300 |
8242.800 |
7807.400 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5886.000 |
4479.700 |
3994.000 |
|
(c) Trade receivables |
3508.700 |
3074.000 |
2509.700 |
|
(d) Cash and cash
equivalents |
3445.100 |
2598.900 |
483.700 |
|
(e) Short-term loans
and advances |
646.400 |
688.200 |
633.900 |
|
(f) Other current
assets |
1373.100 |
1631.000 |
1127.200 |
|
Total Current Assets |
14859.300 |
12471.800 |
8748.500 |
|
|
|
|
|
|
TOTAL |
23591.600 |
20714.600 |
16555.900 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
39716.600 |
35521.400 |
29294.000 |
|
|
|
Other Income |
621.900 |
359.700 |
304.200 |
|
|
|
TOTAL (A) |
40338.500 |
35881.100 |
29598.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
6941.400 |
5663.300 |
5307.400 |
|
|
|
Purchases of stock-in-trade |
8813.100 |
8668.900 |
7421.200 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(1024.100) |
(290.000) |
(1318.700) |
|
|
|
Employee benefit expense |
5105.200 |
4482.700 |
3812.200 |
|
|
|
Other expenses |
13959.600 |
12404.500 |
11578.600 |
|
|
|
TOTAL (B) |
33795.200 |
16887.200 |
15390.800 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6543.300 |
4951.700 |
2797.500 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
37.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6543.300 |
4951.700 |
2760.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1028.500 |
840.800 |
762.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5514.800 |
4110.900 |
1997.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1461.400 |
731.700 |
230.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4053.400 |
3379.200 |
1766.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2312.500 |
1319.700 |
1570.359 |
|
|
|
Rebate on Imports |
0.000 |
0.000 |
23.204 |
|
|
|
Other Earnings |
2751.900 |
2834.900 |
1886.290 |
|
|
|
Sales of Business |
0.000 |
0.000 |
255.083 |
|
|
TOTAL EARNINGS |
5064.400 |
4154.600 |
3734.936 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2249.500 |
1777.600 |
6817.900 |
|
|
|
Finished Products |
5307.600 |
5138.400 |
0.000 |
|
|
|
Stores & Spares |
9.800 |
24.400 |
20.200 |
|
|
|
Capital Goods |
271.600 |
366.100 |
269.800 |
|
|
TOTAL IMPORTS |
7838.500 |
7306.500 |
7107.900 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
2815.00 |
2347.00 |
1227.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Total Income |
(%) |
10.21 |
9.51 |
6.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBT/Sales) |
(%) |
16.47 |
13.94 |
9.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.30 |
20.45 |
12.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46 |
0.36 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.54 |
1.22 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
144.000 |
144.000 |
144.000 |
|
Reserves & Surplus |
8054.600 |
11433.800 |
11972.700 |
|
Net
worth |
8198.600 |
11577.800 |
12116.700 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
29294.000 |
35521.400 |
39716.600 |
|
|
|
21.258 |
11.810 |
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 |
29294.000 |
35521.400 |
39716.600 |
|
Profit |
1766.800 |
3379.200 |
4053.400 |
|
|
6.03% |
9.51% |
10.21% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
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 |
LITIGATION
DETAILS:
|
CASE DETAILS |
|||
|
Bench:- Bombay |
|||
|
Presentation Date:- 18.07.2014 |
|||
|
Stamp No:- |
ITXAL/1350/2014 |
Failing Date:- |
18.07.2014 |
|
Reg. No.: |
ITXA/1291/2014 |
Registrar Date: |
-- |
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX |
Respondent:- |
JOHNSON AND JOHNSON LIMITED |
|
Petn.Adv:- |
A R MALHOTRA (0) |
|
|
|
District:- |
MUMBAI |
||
|
Bench:- |
SINGLE |
||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
Last Date:- |
30.10.2014 |
Stage:- |
FOR REJECTION (ORIGINAL SIDE MATTERS) |
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY AND SR. MASTER |
||
|
Act:- |
Income Tax Act, 1961 |
||
|
Under Section:- |
- |
||
PROFITS
The profit for the year after tax amounted to Rs.4053.400 millions as
compared to the profit of Rs. 3379.200 millions for the previous year.
BUSINESS SEGMENTS
The Company has
considered business segment as the primary segment for disclosure. The products
included in each of the reported domestic business segments are as follows:
Consumer
Consumer includes
baby care products (soap, powder, cream, shampoo, ear buds, oil etc.), women
hygiene and personal care products (sanitary napkins), wound care products
(adhesive bandages and antiseptic liquid), oral care, over the counter and skin
adult care products (prickly heat powder and face wash).
Pharmaceutical
Pharmaceutical
includes products in the categories of prescribed drugs.
Medical
Medical includes
surgical sutures, hospital products, various surgical and surgeon related equipment’s,
Ortho Clinical Diagonstic Equipments like blood testing equipment’s and
disposable eye lenses.
NOTE:
Registered office has been shifted from Spencer Ls
Building, 30, Forjett Street, August Kranti Road, Mumbai-400 036, Maharashtra,
India to the present address w.e.f.
09.02.2014.
FIXED ASSETS
Tangible Assets
·
Land Improvement
·
Buildings
·
Building Improvements
·
Machinery and Equipment
-
Air/water pollution
-
Fire protection equipment’s
-
Demonstration equipment’s
-
Testing equipment’s
-
Dies and Moulds
-
Other plant, machinery, equipment’s and electrical
installations
·
Computers
-
Personal computers
-
Data processing machines
·
Vehicles
·
Office Equipments
-
Mobile phones
-
Home appliances
-
Other office equipment’s
·
Office Furniture
Intangible Assets
·
Trade Marks
·
Intellectual Property Rights
·
Marketing Licence Fees
·
Software
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90188769 |
08/06/1999 |
100,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JUSTICE GNVAIDAYA
MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
2 |
90186640 |
05/02/1999 |
100,000,000.00 |
THE HONG KONG AND SHANGHAI BANKING
CORPORATION LTD |
52/60; MAHATMA GANDHI ROAD, FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA |
- |
|
3 |
90185838 |
30/06/1992 |
17,000,000.00 |
IDBI BANK LTD. |
IDBI TOWER, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
- |
|
4 |
90185835 |
22/06/1992 |
17,000,000.00 |
IDBI BANK LTD. |
IDBI TOWER, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
- |
|
5 |
90188006 |
20/08/1990 * |
400,000.00 |
THE HONG KONG AND SHANGHAI BANKING
CORPORATION LTD |
52/60; MAHATMA GANDHI ROAD, FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA |
- |
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 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.61.65 |
|
|
1 |
Rs.97.54 |
|
Euro |
1 |
Rs.76.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUM |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
72 |
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.