MIRA INFORM REPORT
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Report No. : |
317817 |
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Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SWISS PHARMA PRIVATE LIMITED |
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Registered Office
: |
3709, GIDC Estate, Phase IV ,Vatva, Ahmedabad – 382445, Gujarat |
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Tel. No.: |
91-79-25842852 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.01.1987 |
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Com. Reg. No.: |
04-009343 |
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Capital
Investment / Paid-up Capital : |
Rs. 8.531 Million |
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CIN No.: [Company Identification
No.] |
U24231GJ1987PTC009343 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS01081D |
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PAN No.: [Permanent Account No.] |
AACCS6203L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Pharmaceutical Finished Products like Tablets, Capsules,
Dry Powders, Liquid Orals and Sterile Products for Parenteral and Ophthalmic
use. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 61000 |
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Status : |
Moderate |
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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 moderate track record. The rating constrained on account of a loss incurred by the company
during FY 2014. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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.
INFORMATION DECLINED BY
|
Name : |
Mr. Dinesh Patel |
|
Designation : |
Accountant |
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Contact No.: |
91-79-40083418 |
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Date : |
18.04.2015 |
LOCATIONS
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Registered Office/ Factory : |
3709, GIDC Estate, Phase IV ,Vatva, Ahmedabad – 382445, Gujarat, India
|
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Tel. No. : |
91-79-25842852/ 25841418/ 25841472 |
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Mob. No.: |
91- 9825017674 (Mr. Darshan Sharadchandra Shah) |
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Fax No. : |
Not Available |
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E-Mail : |
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Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sharadchandra Rasiklal Shah |
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Designation : |
Managing Director |
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Address : |
1, Charankrupa Society, Satellite, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
04.10.1952 |
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Date of Appointment : |
23.01.1987 |
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DIN No. : |
00400515 |
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Other Directorship :
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Name : |
Mr. Darshan Sharadchandra Shah |
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Designation : |
Director |
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Address : |
1, Charankrupa Society, Satellite, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
16.11.1987 |
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Date of Appointment : |
25.08.2010 |
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DIN No. : |
03197046 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Dinesh Patel |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Sharad R. Shah |
483250 |
|
Minoo S. Shah Joint Sharadchandra R. Shah |
17500 |
|
Manharlal R. Shah |
500 |
|
Kalpanaben D. Shah |
100 |
|
Devisha H. Shah |
100 |
|
Krina Shah |
100 |
|
Sharadchandra R. Shah H.U.F. |
42500 |
|
Hiral Dhirenbhai Bhatt |
100 |
|
Shraddha Sharadchandra Shah |
100 |
|
Ramilaben Kiritbhai Bhatt |
100 |
|
Minooben S. Shah |
103050 |
|
Darshan S. Shah |
306800 |
|
Amin Equipment Private Limited, India |
2000 |
|
Sharad R. Shah Paumilbhai D. Shah Jt. Hetalkumar D. Shah |
100 |
|
Hetalben M. Bhatt |
100 |
|
Julias Devidbhai Christian |
200 |
|
Ritaben Piyshkumar Thakkar |
120 |
|
Varkay Varghese |
100 |
|
Bhupendra Bhanuprasad Shukla |
200 |
|
Anangikaben Kaushikbhai Bhatt |
100 |
|
Kaushikbhai Pramodray Bhatt |
100 |
|
Jayesh S. Thakkar |
20 |
|
Falguni T. Thakkar |
20 |
|
Saulkumar V. Honest |
20 |
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David T. Kristian |
20 |
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Vidhyaben M. Shah |
20 |
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Anil V. Arora |
20 |
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Vishnukumar B. Arora |
20 |
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Anil V. Arora |
20 |
|
Paresh V. Arora |
20 |
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Vishnukumar B. Arora |
20 |
|
Jigar K. Bhatt |
100 |
|
Surekhaben J. Shah |
100 |
|
Total |
957620 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
0.24 |
|
Directors or relatives of Directors |
99.76 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Finished Products like Tablets,
Capsules, Dry Powders, Liquid Orals and Sterile Products for Parenteral and Ophthalmic
use. |
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|
Products : |
· Tablets · Capsules · Dry Powders · Liquid Orals · Sterile Products |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
PRODUCTION STATUS: NOT
AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
Bank of India, Ahmedabad Main Branch, Mazzaine
Floor, Bank of India Building, Bhadra, Ahmedabad - 380001, Gujarat, India |
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Facilities : |
NOTE LONG TERM
BORROWINGS · Term loan of Rs. 18.577 Million (Rs. 13.880) is secured by way of hypothecation of factory building, all movable and machineries and equipments of the company whether installed or not and whetehr lying loose or in cases, situtated at Plot No. 3709, Phase IV, GIDC, Vatva, Ahmedabad 382445 · Term loan of Rs. 2.941 Million (P.Y. Rs. 4.138 Million) is secured by first charge by way of hypothecation on all the movable assets of the borrower including the movable, plant and machinery, machinery parts, tools and accessories, office equipments, computers, furniture and fixtures, present and future, acquired/ to be acquired under the project in such may be required by S.I.D.B.I. situtated at Plot No. 3709, Phase IV, GIDC, Vatva, Ahmedabad – 382445. · Term loan of Rs. 0.556 Million (P.Y. Rs. 0.804 Million) is secured by hypothecation of vehicle and third party guarantee to the spouse of directors. ·
Effective cost of the above bank loan is in
the range of 12% to 18% p.a. SHORT TERM BORROWINGS The short term loans and credits facilities from banks are secured on parri-passu basis, by first charge, by way of hypothecation of specified stock of raw materials, stock in process, finished goods, other merchandise being movable, book debts both present and future by way of second charge specified fixed asset, both present and future, of the company. Effective cost of the above loan is in the range of 12% to 18 % p.a. (P.Y. 12% to 18% p.a.) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Hemanshu Shah and Company Chartered Accountants |
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Address : |
A/46, 3rd Floor, Nobles, Opposite Nehru Bridge, Ashram Road, Ahmedabad – 380009, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACVPS6966N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
835,120 |
Equity Shares |
Rs.10/- each |
Rs. 8.531 Million |
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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 |
8.351 |
8.351 |
6.349 |
|
(b) Reserves & Surplus |
12.473 |
13.053 |
9.642 |
|
(c) Money
received against Share Warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application Money Pending Allotment |
0.450 |
0.450 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
21.274 |
21.854 |
15.991 |
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term Borrowings |
22.083 |
31.092 |
24.621 |
|
(b) Deferred Tax Liabilities (Net) |
3.877 |
2.150 |
1.995 |
|
(c) Other Long Term
Liabilities |
2.100 |
2.100 |
0.000 |
|
(d) Long-term
Provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
28.060 |
35.342 |
26.616 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short
term Borrowings |
52.593 |
19.690 |
15.107 |
|
(b) Trade
Payables |
70.111 |
79.353 |
43.239 |
|
(c) Other
Current Liabilities |
20.728 |
18.745 |
17.792 |
|
(d) Short-term
Provisions |
0.000 |
0.000 |
2.411 |
|
Total Current
Liabilities (4) |
143.432 |
117.788 |
78.549 |
|
|
|
|
|
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TOTAL |
192.766 |
174.984 |
121.156 |
|
|
|
|
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|
II.
ASSETS |
|
|
|
|
(1) Non-Current Assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
70.294 |
30.406 |
28.950 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.294 |
|
(iii)
Capital work-in-progress |
0.458 |
25.275 |
0.000 |
|
(iv)
Intangible assets under Development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.372 |
0.210 |
1.210 |
|
(c) Deferred Tax Assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.947 |
1.158 |
1.012 |
|
(e) Other
Non-Current Assets |
1.235 |
2.276 |
0.065 |
|
Total Non-Current
Assets |
73.306 |
59.325 |
31.531 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a)
Current Investments |
1.000 |
1.000 |
0.000 |
|
(b)
Inventories |
43.546 |
47.339 |
29.697 |
|
(c) Trade
Receivables |
51.083 |
48.467 |
33.795 |
|
(d) Cash
and Cash Equivalents |
2.791 |
1.338 |
7.125 |
|
(e)
Short-term Loans and Advances |
19.896 |
16.271 |
18.550 |
|
(f) Other
Current Assets |
1.144 |
1.244 |
0.458 |
|
Total
Current Assets |
119.460 |
115.659 |
89.625 |
|
|
|
|
|
|
TOTAL |
192.766 |
174.984 |
121.156 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
227.034 |
156.235 |
112.368 |
|
|
|
Other Income |
2.960 |
5.858 |
0.351 |
|
|
|
TOTAL (A) |
229.994 |
162.093 |
112.719 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
145.466 |
126.311 |
74.704 |
|
|
|
Purchases of Stock-in-Trade |
4.971 |
0.459 |
0.970 |
|
|
|
Changes in inventories |
12.629 |
(15.955) |
(4.532) |
|
|
|
Employees benefits expense |
19.237 |
15.825 |
14.028 |
|
|
|
Other expenses |
30.676 |
24.866 |
20.570 |
|
|
|
Exceptional Items |
0.000 |
0.000 |
(0.004) |
|
|
|
TOTAL (B) |
212.979 |
151.506 |
105.736 |
|
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|
|
|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
17.015 |
10.587 |
6.983 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.547 |
6.261 |
3.251 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.468 |
4.326 |
3.732 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.315 |
3.600 |
2.382 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
1.153 |
0.726 |
1.350 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.733 |
0.315 |
0.757 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(0.580) |
0.411 |
0.593 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.315 |
1.091 |
6.578 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.80) |
0.57 |
1.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(0.26) |
0.26 |
0.53 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.49 |
6.78 |
6.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.60 |
0.49 |
1.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.03 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.51 |
2.32 |
2.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
0.98 |
1.14 |
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 |
6.349 |
8.351 |
8.351 |
|
Reserves & Surplus |
9.642 |
13.053 |
12.473 |
|
Share Application Money Pending
Allotment |
0.000 |
0.450 |
0.450 |
|
Net
worth |
15.991 |
21.854 |
21.274 |
|
|
|
|
|
|
Long-term borrowings |
24.621 |
31.092 |
22.083 |
|
Short term borrowings |
15.107 |
19.690 |
52.593 |
|
Total
borrowings |
39.728 |
50.782 |
74.676 |
|
Debt/Equity
ratio |
2.484 |
2.324 |
3.510 |
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 |
112.368 |
156.235 |
227.034 |
|
|
|
39.039 |
45.316 |
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 |
112.368 |
156.235 |
227.034 |
|
Profit/ (Loss) |
0.593 |
0.411 |
(0.580) |
|
|
0.53% |
0.26% |
(0.26%) |
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 |
No |
|
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10469092 |
18/11/2013 |
5,000,000.00 |
THE BHAGYODAYA CO-OP BANK LIMITED |
NAVA MADHAVPURA, AHMEDABAD, GUJARAT - 380004, INDIA |
B93099505 |
|
2 |
10338782 |
01/03/2012 |
7,100,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
1ST FLOOR, NAVJIVAN AMRIT JAYANTI BHAVAN, POST BA |
B33520867 |
|
3 |
10330384 |
02/01/2012 |
8,000,000.00 |
BHAGYODAY CO-OPERATIVE BANK LIMITED |
NAVA MADHAVPURA, AHMEDABAD, GUJARAT - 380004, INDIA |
B30091789 |
|
4 |
90385438 |
03/05/2000 |
14,000,000.00 |
BANK OF INDIA |
BHADRA, AHMEDABAD, GUJARAT, INDIA |
- |
|
5 |
90385435 |
02/07/1999 |
150,000.00 |
BANK OF INDIA |
BHADRA, AHMEDABAD, GUJARAT, INDIA |
- |
|
6 |
90385434 |
21/06/1999 |
495,000.00 |
BANK OF INDIA |
BHADRA, AHMEDABAD, GUJARAT, INDIA |
- |
|
7 |
80064839 |
13/10/1995 |
200,000.00 |
BANK OF INDIN |
BHADRA, , AHMEDABAD, GUJARAT - 380001, INDIA |
- |
|
8 |
90385415 |
15/09/1998 * |
200,000.00 |
BANK OF INDIA |
BHADRA, AHMEDABAD, GUJARAT, INDIA |
- |
|
9 |
90385400 |
27/08/2014 * |
161,525,000.00 |
BANK OF INDIA |
AHMEDABAD MAIN BRANCH, MEZZANINE FLOOR, BANK OF INDIA BUILDING, BHADRA, AHMEDABAD, GUJARAT - 380001, INDIA |
C19305374 |
|
10 |
80064842 |
07/05/1994 |
500,000.00 |
BANK OF INDIA |
BHADRA, , AHMEDABAD, GUJARAT - 380001, INDIA |
- |
|
11 |
80064843 |
07/05/1994 |
500,000.00 |
BANK OF INDIA |
BHADRA, , AHMEDABAD, GUJARAT - 380001, INDIA |
- |
|
12 |
90385398 |
20/08/2002 * |
300,000.00 |
BANK OF INDIA |
BHADRA, AHMEDABAD, GUJARAT, INDIA |
- |
|
13 |
90385397 |
20/08/2002 * |
900,000.00 |
BANK OF INDIA |
BHADRA, AHMEDABAD, GUJARAT, INDIA |
- |
|
14 |
90385391 |
27/08/2014 * |
161,525,000.00 |
BANK OF INDIA |
AHMEDABAD MAIN BRANCH, MEZZANINE FLOOR, BANK OF I |
C19305838 |
|
15 |
80064840 |
25/08/1992 |
450,000.00 |
BANK OF INDIA |
BHADRA, , AHMEDABAD, GUJARAT - 380001, INDIA |
- |
|
16 |
80064841 |
25/08/1992 |
450,000.00 |
BANK OF INDIA |
BHADRA , , AHMEDABAD, GUJARAT - 380001, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
From Directors |
0.000 |
1.542 |
|
From Shareholders |
0.000 |
10.728 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loan From Directors |
0.965 |
0.000 |
|
Loan From Shareholders |
16.235 |
0.000 |
|
Total |
17.200 |
12.270 |
FIXED ASSETS
Tangible Assets
· Leasehold Land
· Building
· Plant and Equipment’s
· Furniture and Fittings
· Vehicles
Intangible Assets
· Computer Software
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. 62.35 |
|
|
1 |
Rs. 93.10 |
|
Euro |
1 |
Rs. 67.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.
S