MIRA INFORM REPORT
|
Report No. : |
317158 |
|
Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ABBOTT HEALTHCARE PRIVATE LIMITED (w.e.f. 08.05.2002) |
|
|
|
|
Formerly Known
As : |
KNOLL INTERNATIONAL PRIVATE LIMITED |
|
|
|
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Registered
Office : |
Unit No.4, Corporate Park, Sion, |
|
Tel. No.: |
91-22-67978888 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.01.1997 |
|
|
|
|
Com. Reg. No.: |
11-104834 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 26.479 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24200MH1997PTC104834 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMK06799C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3935D |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Importer of Pharmaceutical Products. |
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|
|
|
No. of Employees
: |
2000 (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 250000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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|
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|
Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Abbott Asia Holdings Limited, UK” It is an
established company having satisfactory track record. The company has incurred losses from its operational activities. However, the rating takes into consideration healthy financial risk
profile supported by its decent net worth and financial as well as managerial
support that company receives from its parent company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. In view of strong parent company support, the company can be
considered for business dealings at usual trade terms and condition. Note: Management has
changed its financial year filling from December to March, available
financial record of 2014 is of 15th month. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
Unit No.4, Corporate Park, Sion, |
|
Tel. No.: |
91-22-67978888 |
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Fax No.: |
91-22-67978733/ 67978727 |
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E-Mail : |
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Website : |
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Factory : |
Located At
|
|
|
|
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Branch Office 1 : |
12, Corporate Park, |
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Tel No. : |
91-22-67978831 |
|
Fax. No. : |
91-22-67978921 |
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|
|
|
Branch Office 2 : |
Diagnostics Office No. 201, Everest Grande, Opposite Ahura Centre, Mahakali Road, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Tel No. : |
91-22-66754132 / 33 |
|
Fax. No. : |
91-22-66790468 |
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|
|
|
Branch Office 3 : |
Nutritional
Products 11th Floor , Hall Mark Plaza, Near |
|
Tel No. : |
91-22-67566000 |
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Fax. No. : |
91-22-67576060 |
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|
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Branch Office 4 : |
Vascular Office Floor, The Surya, New Friends Colony, |
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Tel. No.: |
91-22-40530100 |
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Fax No.: |
91-22-40530198/ 199 |
|
|
|
|
Branch Office 5 : |
Healthcare Solutions 1st floor, D Mart Building, Goregaon - |
|
Tel No. : |
91-22-39536666 |
|
Fax. No. : |
91-22-39536845 |
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|
|
|
Branch Office 6 : |
True Care 1st Floor, Su Motors Complex, Model Town, Bal Rajeshwar Marg, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Tel No. : |
91-22-30781000 |
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Fax. No. : |
91-22-30781080 |
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|
|
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Branch Office 7 : |
Medical Optics The Masterpiece Lavel – 5, |
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|
|
|
Corporate Office : |
1st Floor, D’ Mart Building, Goregaon Mulund Link Road,
Mulund – West, Mumbai – 400080, Maharashtra, India |
|
Tel No. : |
91-22-39536666/39536668 |
|
Fax. No. : |
91-22-39536665 |
DIRECTORS
As on 24.09.2014
|
Name : |
Mr. Thomas Craig Freyman |
|
Designation : |
Director |
|
Address : |
912, |
|
Date of Birth/Age : |
08.09.1954 |
|
Date of Appointment : |
02.05.2003 |
|
DIN No.: |
00654517 |
|
|
|
|
Name : |
Mr. Rajesh Upendra Pandya |
|
Designation : |
Director |
|
Address : |
B/23, 5th Floor, Sangam Apartment, 161 Versova Lane,
Andheri (west), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
13.12.1963 |
|
Date of Appointment : |
01.09.2005 |
|
DIN No.: |
00096606 |
|
|
|
|
Name : |
Mr. Sudarshan K Jain |
|
Designation : |
Director |
|
Address : |
Flat No. 101, 1st Floor, Jamunamahal Colony, Santacruz (East),
Mumbai – 400055, |
|
Date of Birth/Age : |
06.06.1955 |
|
Qualification : |
MBA |
|
Date of Appointment : |
25.07.2011 |
|
DIN No.: |
00927487 |
|
|
|
|
Name : |
Mr. Amal Satyawan Kelshikar |
|
Designation : |
Director |
|
Address : |
101, 10th floor, Dhanishta, Tarangan Complex Pokhran Road
No.1, Near Samath Nagar, Thane (West), Thane – 400606, Maharashtra, India |
|
Date of Birth/Age : |
09.10.1967 |
|
Date of Appointment : |
14.09.2012 |
|
DIN No.: |
06378987 |
KEY EXECUTIVES
|
Name : |
Mr. Durgesh Paliwal |
|
Address : |
204/4, Raheja Tipco Heights,, Rani Sati Marg, Malad (East), Mumbai - 400097, Maharashtra, India |
|
Designation : |
Secretary |
|
Date of Appointment : |
18.07.2014 |
|
PAN No.: |
AFLPM7387Q |
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|
|
|
Name : |
Mr. Sandesh |
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Designation : |
Finance Executive |
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|
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|
Name : |
Mr. Santosh Tupe |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Abbott Asia Holding Limited, |
|
2647928 |
|
Abbott Capital India Limited, |
|
2 |
|
Total |
|
2647930 |
As on 24.09.2014
|
Names of Debenture Holder |
|
No. of
Debentures |
|
Abbott Asia Holding Limited, |
|
448650 |
|
Total |
|
448650 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companies(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Pharmaceutical Products. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
2000 (Approximately) |
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Bankers : |
Standard Chartered Bank, 90 M G Road, Fort, Mumbai - 400001, |
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|
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Financial
Institution : |
BNP Paribas, French Bank Building, Fort, Mumbai – 400001, |
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|
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Auditors : |
|
|
Name : |
Deloitte Hanskins and sells Chartered Accountants |
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Address : |
|
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Tel. No.: |
91-22-66679000 |
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Fax No.: |
91-22-66679100 |
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PAN No.: |
AACFD4815A |
|
|
|
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Cost Accountant: |
|
|
Name |
Kishore Bhatia and Associates |
|
Address : |
701/702, D Wing, 7 Floor, Neelkanth Business Park, Nathani Road,
Vidyavihar (West), Mumbai, Maharashtra, India |
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|
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|
Ultimate Holding
company: |
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Fellow subsidiaries
: |
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CAPITAL STRUCTURE
As on 26.09.2014
Authorized Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29700000 |
Equity Shares |
Rs.10/- each |
Rs.297.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2647930 |
Equity Shares |
Rs.10/- each |
Rs.26.479
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 (15th Months) |
31.12.2012 (12th Months) |
31.12.2011 (12th Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
26.480 |
26.480 |
21.560 |
|
(b) Reserves & Surplus |
88729.713 |
110558.497 |
85279.186 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
18351.970 |
|
Total
Shareholders’ Funds (1) + (2) |
88756.193 |
110584.977 |
103652.716 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26538.620 |
1.187 |
1.322 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
35.294 |
21962.618 |
42476.095 |
|
(d) long-term
provisions |
995.085 |
949.098 |
734.304 |
|
Total Non-current
Liabilities (3) |
27568.999 |
22912.903 |
43211.721 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
3949.658 |
3443.165 |
3103.910 |
|
(c) Other
current liabilities |
27450.933 |
25452.165 |
22389.196 |
|
(d) Short-term
provisions |
858.258 |
598.179 |
529.151 |
|
Total Current
Liabilities (4) |
32258.849 |
29493.509 |
26022.257 |
|
|
|
|
|
|
TOTAL |
148584.041 |
162991.389 |
172886.694 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3222.389 |
3038.818 |
2753.788 |
|
(ii)
Intangible Assets |
112940.313 |
134901.210 |
152540.642 |
|
(iii)
Capital work-in-progress |
3475.200 |
1741.171 |
458.370 |
|
(iv)
Intangible assets under development |
469.220 |
596.302 |
668.857 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
596.254 |
563.163 |
215.447 |
|
(e) Other
Non-current assets |
116.075 |
4.100 |
4.080 |
|
Total Non-Current
Assets |
120819.451 |
140844.764 |
156641.184 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4050.338 |
4391.501 |
3552.286 |
|
(c) Trade
receivables |
3457.054 |
2783.119 |
2443.993 |
|
(d) Cash
and cash equivalents |
17065.740 |
11948.097 |
8963.964 |
|
(e) Short-term
loans and advances |
2782.900 |
2782.516 |
1204.613 |
|
(f) Other
current assets |
408.558 |
241.392 |
80.654 |
|
Total
Current Assets |
27764.590 |
22146.625 |
16245.510 |
|
|
|
|
|
|
TOTAL |
148584.041 |
162991.389 |
172886.694 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (15th
Months) |
31.12.2012 (12th Months) |
31.12.2011 (12th Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
42686.157 |
31248.079 |
27914.073 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1217.154 |
2670.770 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
283.708 |
10.704 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
933.446 |
2660.066 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22757.432 |
17913.281 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX |
(21823.986) |
(15253.215) |
(23078.016) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.798 |
(3.593) |
(407.343) |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
AFTER TAX |
(21828.784) |
(15249.622) |
(22670.673) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(37772.716) |
(22523.094) |
147.579 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(59601.500) |
(37772.716) |
(22523.094) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1.497 |
4.386 |
10.522 |
|
|
TOTAL EARNINGS |
1.497 |
4.386 |
10.522 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
2516.407 |
1795.738 |
1127.639 |
|
|
|
Spares |
|
19.325 |
14.322 |
|
|
|
Capital Goods |
|
522.286 |
278.006 |
|
|
|
Finished Goods |
|
4903.792 |
3289.675 |
|
|
TOTAL IMPORTS |
2516.407 |
7241.141 |
4709.642 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(8243.50) |
(5759.07) |
(9521.49) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (15th Months) |
31.12.2012 (12th Months) |
31.12.2011 (12th Months) |
|
Net Profit Margin (PAT / Sales) |
(%) |
(51.14) |
(48.80) |
(81.22) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.85 |
8.55 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(15.09) |
(9.49) |
(13.44) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.25) |
(0.14) |
(0.22) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.30 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
0.75 |
0.62 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
21.560 |
26.480 |
26.480 |
|
Reserves & Surplus |
85279.186 |
110558.497 |
88729.713 |
|
Share Application money
pending allotment |
18351.970 |
0.000 |
0.000 |
|
Net worth |
103652.716 |
110584.977 |
88756.193 |
|
|
|
|
|
|
long-term borrowings |
1.322 |
1.187 |
26538.620 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
1.322 |
1.187 |
26538.620 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.299 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.03.2014 (15TH Months) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
27914.073 |
31248.079 |
42686.157 |
|
|
|
11.944 |
36.604 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.03.2014 (15TH Months) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
27914.073 |
31248.079 |
42686.157 |
|
Profit |
(22670.673) |
(15249.622) |
(21828.784) |
|
|
(81.22%) |
(48.80%) |
(51.14%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 |
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 |
NOTE:
Registered Office Address of the company has been shifted from Unit No.3
and 4 ,Corporate Park, Sion - Trombay Road, Chembur, Mumbai – 400071,
Maharashtra, India to present w.e.f. 13.07.2009
(Rs.
In Million)
|
Unsecured Loan |
As
on 31.03.2014 (15th
Months) |
As
on 31.12.2012 (12th
Months) |
|
Long-term
borrowings |
|
|
|
Long-term maturities of finance lease obligations |
0.972 |
1.187 |
|
Fully convertible debentures Interoperate |
26537.648 |
0.000 |
|
Total |
26538.620 |
1.187 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10237333 |
01/09/2010 |
2,300,000,000.00 |
Standard Chartered Bank |
90, M G Road,, Fort, Mumbai, Maharashtra - 400001, India |
A93238384 |
|
2 |
10240233 |
30/08/2010 |
1,600,000,000.00 |
BNP Paribas |
French Bank Bldg, Homji Street, Fort, Mumbai, Maharashtra - 400001, India |
A94932324 |
* Date of charge modification
FIXED ASSETS:
- Land
- Buildings
- Machinery and Equipments
- Plant and Equipments
- Office Equipment
- Computer Software
- Patents
- Vehicles
- Furniture and Fixture
- Goodwill
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.62.26 |
|
|
1 |
Rs.92.49 |
|
Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
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 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
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.