MIRA INFORM REPORT
|
Report No. : |
317005 |
|
Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAKSON HEALTH CARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.6 A Sector-D, Industrial Area, Mandideep – 462046, Madhya Pradesh |
|
Tel. No.: |
91-7480-233476 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.12.1994 |
|
|
|
|
Com. Reg. No.: |
10-008867 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24247MP1994PTC008867 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Healthcare Products. |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 300000 |
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|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The company possesses a favourable financial profile marked by small networth
base and moderate capital structure coupled with adequate debt protection
metrics along with modest working capital requirements. Management has almost witnessed a stable revenue base, whereas
reported a decline in its net profitability from its relatively modest scale
of operations during FY14. The ratings also take into consideration, the susceptibility of its
profitability to competitive pressures and expecting an increase in its
leverage to fund the ongoing capacity expansion project. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of experienced promoters and healthy relationships with the
customers, the company can be considered for small to mediocre 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 – 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating=BB |
|
Rating Explanation |
Moderate risk of default regarding timely servicing
of financial obligations. |
|
Date |
20.01.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
20.01.2015 |
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 : |
Mr. Shyam |
|
Designation : |
HR Admin |
|
Contact No.: |
91-9713061743 |
|
Date : |
10.04.2015 |
LOCATIONS
|
Registered / Administrative Office / Factory 1 : |
Plot No.6 A Sector-D, Industrial Area, Mandideep – 462046,
Madhya Pradesh, India |
|
Tel. No.: |
91-7480-233476 |
|
Mobile No.: |
91-9713061700 (Mr. Patel) 91-9713061743 (Mr. Shyam) |
|
Fax No.: |
91-7480-233477 |
|
E-Mail : |
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|
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|
Head Office/ Factory 2 : |
Rajkot Highway, District Surendranagar, Gujarat, India |
|
Tel. No.: |
91-2752-285991 to 95 |
|
Fax No.: |
91-2752-285009 |
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E-Mail : |
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|
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|
Factory 3 : |
Bhopal, Madhya Pradesh, India |
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|
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Factory 4 : |
Hyderabad, Andhra Pradesh, India |
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|
|
|
Factory 5 : |
Export Promotional Industrial Park, Phase – II, Thana, Baddi,
Tehsil-Nalagarh, District Solan, Himachal Pradesh, India |
DIRECTORS
AS ON 20.09.2014
|
Name : |
Mr. Rajendra Chandrakant Patel |
|
Designation : |
Managing director |
|
Address : |
E-7, H. I. G. – 500, Area Colony, Bhopal – 462016, Madhya Pradesh,
India |
|
Date of Birth/Age : |
17.09.1968 |
|
Date of Appointment : |
16.12.1994 |
|
DIN No.: |
00219833 |
|
|
|
|
Name : |
Mr. Dhanjibhai Anandjibhai Makasana |
|
Designation : |
Director |
|
Address : |
Tapovan Near Patel MBoarding Gofeet Road, Wadhwan, Surendranagar –
363035, Gujarat, India |
|
Date of Birth/Age : |
27.01.1947 |
|
Date of Appointment : |
16.12.1994 |
|
DIN No.: |
00215067 |
|
|
|
|
Name : |
Mr. Mayur Chandrakant Patel |
|
Designation : |
Director |
|
Address : |
E-7, H. I. G. – 500, Area Colony, Bhopal – 462016, Madhya Pradesh,
India |
|
Date of Birth/Age : |
27.02.1973 |
|
Date of Appointment : |
16.12.1994 |
|
DIN No.: |
00309611 |
KEY EXECUTIVES
|
Name : |
Mr. Shyam |
|
Designation : |
HR Admin |
MAJOR SHAREHOLDERS
AS ON 20.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Dhanjibhai Anandjibhai Makasana |
50000 |
50.00 |
|
Mayur Chandrakant Patel |
25000 |
25.00 |
|
Parul R. Patel |
12800 |
12.80 |
|
Shivam R. Patel |
12200 |
12.20 |
|
|
|
|
|
Total |
100000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 20.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Healthcare Products. |
|
|
|
|
Products : |
Sugar Boiled Tablets |
|
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
|
Countries : |
·
Australia ·
New Zealand |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Cheque |
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Purchasing : |
Cash, Cheque |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
· Axis Bank Limited, 165A-166, Star Arcade, Zone-1, Maharana Pratap Nagar Bhopal Branch, Bhopal – 462011, Madhya Pradesh, India · Unit Bank Limited, 165A-166, Star Arcade, Zone-1, Maharana Pratap Nagar, Bhopal Branch, Bhopal – 462001, Madhya Pradesh, India · Stet Bank of India, Ground Floor, LHO Building, Hoshangabad Road, Bhopal – 462011, Madhya Pradesh, India · Kotak Mahindra Bank Limited, M. P. Nagar, Zone-1, Bhopal – 462011, Madhya Pradesh, India |
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Facilities : |
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Auditors : |
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|
Name : |
Jayant Kothari and Company Chartered Accountants |
|
Address : |
129, Malviya Nagar, Bhopal – 462003, Madhya Pradesh, India |
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PAN No.: |
AAFFJ4548R |
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Collaborators : |
Not Divulged |
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Membership : |
Not Divulged |
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|
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Associate Concern where party relationship exists : |
·
Makson Pharmaceuticals (I) Private Limited ·
Makson Nutrition Food India Private Limited ·
Mapaex Remedies Private Limited ·
Makson Industries Private Limited ·
Makpar Exports Private Limited ·
Mapaex Investments Private Limited ·
Anandjibhai Trust |
CAPITAL STRUCTURE
AS ON 20.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
10.000 |
5.000 |
2.000 |
|
(b) Reserves & Surplus |
93.873 |
91.432 |
81.044 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.125 |
0.125 |
|
Total
Shareholders’ Funds (1) + (2) |
103.873 |
96.557 |
83.169 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
33.132 |
70.929 |
57.637 |
|
(b) Deferred tax liabilities (Net) |
11.587 |
12.720 |
13.057 |
|
(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) |
44.719 |
83.649 |
70.694 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
19.266 |
16.501 |
37.038 |
|
(b) Trade
payables |
37.390 |
32.542 |
33.175 |
|
(c) Other
current liabilities |
117.493 |
44.031 |
12.441 |
|
(d) Short-term
provisions |
9.289 |
11.046 |
7.164 |
|
Total Current
Liabilities (4) |
183.438 |
104.120 |
89.818 |
|
|
|
|
|
|
TOTAL |
332.030 |
284.326 |
243.681 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
158.436 |
135.292 |
132.614 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.226 |
10.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
42.801 |
33.628 |
33.661 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
211.463 |
178.920 |
166.275 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
23.426 |
25.330 |
28.668 |
|
(c) Trade
receivables |
40.045 |
60.035 |
28.739 |
|
(d) Cash
and cash equivalents |
1.050 |
3.785 |
0.000 |
|
(e)
Short-term loans and advances |
40.454 |
4.904 |
5.367 |
|
(f) Other
current assets |
15.592 |
11.352 |
14.632 |
|
Total
Current Assets |
120.567 |
105.406 |
77.406 |
|
|
|
|
|
|
TOTAL |
332.030 |
284.326 |
243.681 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
235.483 |
261.124 |
238.591 |
|
|
|
Other Income |
24.947 |
7.770 |
15.358 |
|
|
|
TOTAL (A) |
260.430 |
268.894 |
253.949 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
117.262 |
132.133 |
121.774 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(0.571) |
0.479 |
3.408 |
|
|
|
Employee Benefits Expenses |
35.155 |
31.462 |
22.064 |
|
|
|
Other Expenses |
59.143 |
58.535 |
59.545 |
|
|
|
TOTAL (B) |
210.989 |
222.609 |
206.791 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
49.441 |
46.285 |
47.158 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.189 |
5.867 |
13.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
34.252 |
40.418 |
34.034 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
19.010 |
19.262 |
19.738 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
15.242 |
21.156 |
14.296 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.801 |
6.768 |
3.612 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
9.441 |
14.388 |
10.684 |
|
|
|
|
|
|
|
|
|
|
Earnings in foreign
currency–Finished Products |
161.729 |
201.931 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
98.00 |
146.00 |
534.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
4.01 |
5.51 |
4.48 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
21.00 |
17.73 |
19.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
4.74 |
7.71 |
5.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.22 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.50 |
0.91 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.66 |
1.01 |
0.86 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
2.000 |
5.000 |
10.000 |
|
Reserves & Surplus |
81.044 |
91.432 |
93.873 |
|
Share Application money pending
allotment |
0.125 |
0.125 |
0.000 |
|
Net
worth |
83.169 |
96.557 |
103.873 |
|
|
|
|
|
|
long-term borrowings |
57.637 |
70.929 |
33.132 |
|
Short term borrowings |
37.038 |
16.501 |
19.266 |
|
Total
borrowings |
94.675 |
87.430 |
52.398 |
|
Debt/Equity
ratio |
1.138 |
0.905 |
0.504 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
238.591 |
261.124 |
235.483 |
|
|
|
9.444 |
(9.819) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
238.591 |
261.124 |
235.483 |
|
Profit |
10.684 |
14.388 |
9.441 |
|
|
4.48% |
5.51% |
4.01% |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and
advances from related parties |
0.235 |
1.019 |
|
Others |
5.138 |
28.326 |
|
|
|
|
|
Total |
5.373 |
29.345 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10475112 |
29/01/2014 * |
19,875,000.00 |
DCB Bank Limited |
601
& 602, Peninsula Business Park, 6th Floor,, Tower A, Senapati Bapat Marg,
Lower Parel,, Mumbai, |
B95470035 |
|
2 |
10475078 |
29/01/2014 * |
87,749,000.00 |
DCB Bank Limited |
601
& 602, Peninsula Business Park, 6th Floor,, Tower A, Senapati Bapat Marg,
Lower Parel,, Mumbai, |
B95469227 |
|
3 |
10475109 |
29/01/2014 * |
126,831,000.00 |
DCB Bank Limited |
601 & 602, Peninsula Business Park, 6th Floor,, Tower A, Senapati Bapat Marg, Lower Parel,, Mumbai, Maharashtra - 400013, India |
B95470589 |
|
4 |
10395104 |
18/12/2012 * |
32,325,000.00 |
Development Credit Bank Limited |
601
& 602, Peninsula Business Park, 6th Floor,, Tower A, Senapati Bapat Marg,
Lower Parel,, Mumbai, |
B66321647 |
|
5 |
10275462 |
23/03/2011 * |
17,218,000.00 |
Development Credit Bank Limited |
301, Delta Plaza, 414, Veer Savarkar Marg, Prabha Devi,, Mumbai, Maharashtra - 400025, India |
B09576885 |
|
6 |
10221388 |
27/10/2010 * |
13,800,000.00 |
Development Credit Bank Limited |
301, Delta Plaza, 414, Veer Savarkar Marg, Prabha Devi,, Mumbai, Maharashtra - 400025, India |
A98857360 |
|
7 |
10221197 |
27/10/2010 * |
22,800,000.00 |
Development Credit Bank Limited |
301, Delta Plaza, 414, Veer Savarkar Marg, Prabha Devi,, Mumbai, Maharashtra - 400025, India |
A99102584 |
|
8 |
10221386 |
29/01/2014 * |
46,500,000.00 |
DCB Bank Limited |
601
& 602, Peninsula Business Park, 6th Floor,, Tower A, Senapati Bapat Marg,
Lower Parel,, Mumbai, |
B95306122 |
|
9 |
10221194 |
27/10/2010 * |
1,995,200,000.00 |
Development Credit Bank Limited |
301, Delta Plaza, 414, Veer Savarkar Marg, Prabha Devi,, Mumbai, Maharashtra - 400025, India |
A98857675 |
|
10 |
90201864 |
29/12/2001 * |
50,000,000.00 |
Bank of Maharashtra |
Gautam Nagar Branch, Bhopal, Madhya Pradesh, India |
- |
|
11 |
90201732 |
20/04/1998 |
6,000,000.00 |
State Bank of India |
Industrial Finance Branch, Bhopal, Madhya Pradesh, India |
- |
*Date of modification Charges
FIXED ASSETS:
· Leasehold Land
· Factory Building
· Administrative Building
· Plant and Machinery
· Electrical Installation
· Lab Equipments
· Office Equipments
· Furniture and Fitting
· Vehicles
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.62.26 |
|
|
1 |
Rs.92.49 |
|
Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
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 |
|
43 |
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.