MIRA INFORM REPORT
|
Report Date : |
09.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAMI LABS LIMITED |
|
|
|
|
Registered
Office : |
19/1 and 19/2 II
Phase, Peenya Industrial Area, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
19.04.1991 |
|
|
|
|
Com. Reg. No.: |
08-011880 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.155.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24249KA1991PLC011880 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS02025C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS2549E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of nutraceuticals, cosmeceuticals, standardised herbal extracts, fine chemicals, specialty chemicals and probiotics. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Management of the company has not filed its latest financial (i.e. December
2013) with the government department. As per the available financials of December 2012, it seems that
company is progressing well, general financial position of the company is
good. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered normal 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.
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
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to political
corruption. High inflation, poor standard of living are to a great extent a
result of rampant corruption in the country. China on the other hand, seems to
be facing diametrically opposite challenge. American hedge fund manager Jim
Chanos has been keenly following the political and economic development in the
dragon economy and has figured out something that is quite worrying. He is of
the view that the Chinese economy could be heading toward trouble on account of
new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes that many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “BBB” |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
04.09.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : “A3+” |
|
Rating Explanation |
Moderate degree of safety it carry higher credit risk. |
|
Date |
04.09.2014 |
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 (GENERAL DETAILS)
|
Name : |
Ms. Shridevi |
|
Designation : |
H.R. Admin |
|
Contact No.: |
91-80-28397975 |
|
Date : |
06.09.2014 |
LOCATIONS
|
Registered Office : |
19/1 and 19/2 II Phase,
Peenya Industrial Area, Chokkasandra Village, Bangalore 560058, Karnataka,
India |
|
Tel. No.: |
91-80-28397973 /
28397975 / 28397978 |
|
Fax No.: |
91-80-28373035 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
1st
Main Road, Nalagadderanahalli, Peenya Industrial Area, Bangalore – 560058,
Karnataka, India |
|
|
|
|
Branch Office : |
102, Arvind Chambers, Western Express Highway, Andheri East, Mumbai - 400069, Maharashtra, India |
|
Tel. No.: |
91-22-66981992 |
DIRECTORS
As on 29.06.2013
|
Name : |
Dr. Muhammed Majeed |
|
Designation : |
Managing Director |
|
Address : |
No.367, 2nd
Cross, 2rd Main, RMV II Stage, HIG Layout, Dollars Colony,
Bangalroe - 560094, Karnataka, India |
|
Date of Birth/Age : |
25.09.1948 |
|
Qualification : |
B.Pharma, MS
(Pharma) |
|
Date of Appointment : |
19.04.1991 |
|
DIN No.: |
00175696 |
|
PAN No.: |
ABBPM2465R |
|
|
|
|
Name : |
Mr. Mohan Damodaranasan Nair |
|
Designation : |
Director |
|
Address : |
Sagarika, Flat
No.11, No. 14, 3rd Seaward Road, Calmikinagar, Thiruvanmiyur,
Chennai - 600041, Tamilnsdu, India |
|
Date of Birth/Age : |
10.07.1929 |
|
Qualification : |
PH.D |
|
Date of Appointment : |
15.02.1996 |
|
DIN No.: |
00214824 |
|
|
|
|
Name : |
Mr. Pariyangot Venugopalan Nedumpully |
|
Designation : |
Director |
|
Address : |
707, Sunrise B, Raheja
Vihar, Chandivali Farm Road, Powai, Mumbai - 400072, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1941 |
|
Date of Appointment : |
02.11.2001 |
|
DIN No.: |
00189956 |
|
|
|
|
Name : |
Mr. Humayun Dhanrajgir |
|
Designation : |
Director |
|
Address : |
No.37/38, Dhanraj
Mahal, CSM Road. Apollo Bunder, Mumbai – 400039, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
12.01.2002 |
|
DIN No.: |
00004006 |
|
|
|
|
Name : |
Mr. Venugopalan Nair |
|
Designation : |
Whole-Time Director |
|
Address : |
No.209, Panduranga Nagar, Bannerghatta Road, Bangalore – 560076,
Karnataka, India |
|
Date of Birth/Age : |
01.06.1949 |
|
Date of Appointment : |
11.06.2011 |
|
DIN No.: |
01748807 |
|
PAN No.: |
ADDPN5555F |
|
|
|
|
Name : |
Mr. Neeraja Shetty |
|
Designation : |
Whole-Time Director |
|
Address : |
No.122/53, 3rd floor, Sundar Palace, 8th Main,
19th Cross, CHBS Layout, Vijayanagar, Bangalore – 560040,
Karnataka, India |
|
Date of Birth/Age : |
27.12.1973 |
|
Date of Appointment : |
02.07.2012 |
|
PAN No.: |
ARGPS7376C |
|
DIN No.: |
02014107 |
KEY EXECUTIVES
|
Name : |
Mr. P Ashok Rao |
|
Designation : |
Secretary |
|
Address : |
No.46/1, Belvadi Apartments, 13th Cross, 8th
Main, Bangalore – 56003, Karnataka, India |
|
Date of Birth/Age : |
16.03.1968 |
|
Date of Appointment : |
07.08.2012 |
|
PAN No.: |
ADGPA2725H |
|
|
|
|
Name : |
Ms. Shridevi |
|
Designation : |
H.R. Admin |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.06.2013
|
Names of Shareholders |
No. of Shares |
|
Muhammed Majeed |
15498500 |
|
Anju Majeed |
1450 |
|
Shaheen Majeed |
10 |
|
Laila Majeed |
10 |
|
Venugopalan Nair |
10 |
|
Natarajan Sankaran |
10 |
|
Neeraja Shetty |
10 |
|
Total |
15500000 |
As on 29.06.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
99.00 |
|
Directors or relatives of Directors |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of nutraceuticals, cosmeceuticals,
standardised herbal extracts, fine chemicals, specialty chemicals and
probiotics. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· Export Import Bank of India, Centre One Floor 21, World Trade Centre, Cuffe Parade, Mumbai - 400005, Maharashtra, India Standard Chartered Bank, No. 112, Serenity, Koramangala
Industrial Area, 5th Block, Koramangala, Bangalore - 560038,
Karnataka, India Axis Bank Limited, Esqauire Centre, No.9, M G Road,
Bangalore - 560001, Karnataka, India DBS Bank Limited
Salarpuria Windsor, No.3, Ulsoor Road, Bangalore - 560042,
Karnataka, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Associates LLP Chartered Accountants |
|
Address : |
22, Camac Street, Block C, 3rd Floor, Kolkata –
700016, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFS3421L |
|
|
|
|
Subsidiary
Companies : |
· Hanbury Fze MGP Herbal Care Private Limited Sabinsa Australia Pty Limited Sabinsa Japan Corporation |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· Sabinsa South Africa (Pty) Limited Sami Direct Marketing Private Limited Sabinsa Europe Gmbh Organica Aromatics Private Limited MM Corporate Security Services Private Limited Edkal Business Solutions Private Limited Clin World Private Limited |
|
|
|
|
Fellow Subsidiary
Companies : |
· Sabinsa Corporation USA M&S Realty L.C. |
CAPITAL STRUCTURE
As on 29.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
Rs.10/- each |
Rs.155.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
155.000 |
155.000 |
|
(b) Reserves & Surplus |
|
773.649 |
671.720 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
928.649 |
826.720 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
45.947 |
23.949 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
21.208 |
16.052 |
|
Total Non-current Liabilities (3) |
|
67.155 |
40.001 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
772.773 |
694.907 |
|
(b) Trade payables |
|
314.338 |
252.564 |
|
(c) Other current
liabilities |
|
118.224 |
190.451 |
|
(d) Short-term provisions |
|
32.008 |
29.840 |
|
Total Current Liabilities (4) |
|
1237.343 |
1167.762 |
|
|
|
|
|
|
TOTAL |
|
2233.147 |
2034.483 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
522.108 |
527.586 |
|
(ii) Intangible Assets |
|
3.703 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
5.973 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
26.752 |
26.752 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
166.712 |
103.009 |
|
(e) Other Non-current assets |
|
123.287 |
119.834 |
|
Total Non-Current Assets |
|
842.562 |
783.154 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
691.582 |
552.596 |
|
(c) Trade receivables |
|
488.833 |
493.203 |
|
(d) Cash and cash
equivalents |
|
44.938 |
20.832 |
|
(e) Short-term loans and
advances |
|
111.097 |
131.691 |
|
(f) Other current assets |
|
54.135 |
53.007 |
|
Total Current Assets |
|
1390.585 |
1251.329 |
|
|
|
|
|
|
TOTAL |
|
2233.147 |
2034.483 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
155.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
579.770 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
734.770 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
484.688 |
|
|
2] Unsecured Loans |
|
|
99.323 |
|
|
TOTAL BORROWING |
|
|
584.011 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1318.781 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
551.503 |
|
|
Capital work-in-progress |
|
|
20.822 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
26.752 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
445.284 |
|
|
Sundry Debtors |
|
|
362.055 |
|
|
Cash & Bank Balances |
|
|
18.657 |
|
|
Other Current Assets |
|
|
5.344 |
|
|
Loans & Advances |
|
|
279.047 |
|
Total
Current Assets |
|
|
1110.387 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
298.050 |
|
|
Other Current Liabilities |
|
|
64.295 |
|
|
Provisions |
|
|
28.338 |
|
Total
Current Liabilities |
|
|
390.683 |
|
|
Net Current Assets |
|
|
719.704 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1318.781 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1883.489 |
1568.501 |
1201.582 |
|
|
|
Other Income |
48.563 |
87.562 |
110.945 |
|
|
|
TOTAL (A) |
1932.052 |
1656.063 |
1312.527 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1170.910 |
|
|
|
|
|
Purchases of Stock-in-Trade |
10.485 |
5.291 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(45.036) |
(35.226) |
|
|
|
|
Employees benefits expense |
201.528 |
175.785 |
|
|
|
|
Other expenses |
336.176 |
301.388 |
|
|
|
|
TOTAL (B) |
1674.063 |
1417.492 |
1194.739 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
257.989 |
238.571 |
117.788 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
95.968 |
82.117 |
42.627 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
162.021 |
156.454 |
75.161 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
60.093 |
64.503 |
68.839 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
101.928 |
91.951 |
6.322 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
(4.482) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
101.928 |
91.951 |
10.804 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1636.800 |
NA |
1128.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.58 |
5.93 |
1.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
5.28 |
5.55 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.41 |
5.86 |
0.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.62 |
4.59 |
0.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.11 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.88 |
0.87 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.07 |
2.84 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.12.2011 |
31.12.2012 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
|
155.000 |
155.000 |
|
Reserves & Surplus |
|
671.720 |
773.649 |
|
Net
worth |
|
826.720 |
928.649 |
|
|
|
|
|
|
long-term borrowings |
|
23.949 |
45.947 |
|
Short term borrowings |
|
694.907 |
772.773 |
|
Total
borrowings |
|
718.856 |
818.720 |
|
Debt/Equity
ratio |
|
0.870 |
0.882 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1201.582 |
1568.501 |
1883.489 |
|
|
|
30.536 |
20.082 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1201.582 |
1568.501 |
1883.489 |
|
Profit |
10.804 |
91.951 |
101.928 |
|
|
0.90% |
5.86% |
5.41% |
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 |
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 |
----- |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10494234 |
17/06/2014 * |
266,000,000.00 |
THE RATNAKAR BANK LIMITED |
BANGALORE ZONAL OFFICE NO 631 3RD CROSS, 100 FT ROAD NEAR BDA COMPLEX KORAMANGALA, BANGALORE, KARNATAKA - 560034, INDIA |
C09873910 |
|
2 |
10466680 |
21/11/2013 |
1,269,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAW G |
B92163740 |
|
3 |
10456361 |
23/09/2013 |
1,995,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B88078142 |
|
4 |
10451837 |
11/09/2013 * |
1,335,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH,
NO.65, ST MARKS ROAD, BANGALORE, |
B87697579 |
|
5 |
10408068 |
27/08/2014 * |
360,000,000.00 |
DBS BANK LTD |
SALARPURIA WINDSOR,
NO.3, ULSOOR ROAD, BANGALORE, |
C19478379 |
|
6 |
10357148 |
18/05/2013 * |
150,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
FLOOR 21, CENTRE ONE BUILDING, WORLD TRADE CENTER, CUFFEE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B77928224 |
|
7 |
10265503 |
20/04/2011 * |
200,000,000.00 |
EXPORT - IMPORT BANK OF INDIA |
FLOOR 21, CENTRE ONE BUILDING, WORLD TRADE CENTRE, CUFFE PARADE COMPLEX, MUMBAI, MAHARASHTRA - 400005, INDIA |
B11120037 |
|
8 |
10188460 |
17/02/2010 * |
70,000,000.00 |
EXPORT - IMPORT BANK OF INDIA |
FLOOR 21, CENTER ONE BUILDING, WORLD TRADE CENTER, CUFFEE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A80528946 |
|
9 |
10181207 |
08/08/2013 * |
150,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
FLOOR 21, CENTRE ONE BUILDING, WORLD TRADE CENTER, CUFFEE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B85209443 |
|
10 |
80032718 |
07/02/2013 * |
550,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH,
NO.65, ST MARKS ROAD, BANGALORE, |
B70972369 |
* Date of charge modification
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.12.2012 |
As
on 31.12.2011 |
|
Long-term borrowings |
|
|
|
Term loans from others |
18.613 |
14.523 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
148.796 |
143.203 |
|
Total |
167.409 |
157.726 |
FIXED ASSETS
· Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Equipments
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.60.26 |
|
|
1 |
Rs.97.51 |
|
Euro |
1 |
Rs.77.94 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
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 |
|
44 |
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.