MIRA INFORM REPORT
|
Report No. : |
319503 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SOFTGEL HEALTHCARE PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Old No.7, New No.15, Gopalakrishnan Road, T. Nagar, Chennai – 600017, Tamilnadu |
|
Tel. No.: |
91-44-23452030 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.10.2003 |
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Com. Reg. No.: |
18-051829 |
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Capital
Investment / Paid-up Capital : |
Rs.285.111 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U24231TN2003PTC051829 |
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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.] |
AAHCS627L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Pharmaceutical Products. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
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 610000 |
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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. The company has recorded some accumulated losses from its operations. 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 |
|
Moderate |
B1 |
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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 DENIED BY
|
Name : |
Mrs. Patricia |
|
Designation : |
Financial Manager |
|
Contact No.: |
91-9380167063 |
|
Date : |
27.04.2015 |
LOCATIONS
|
Registered Office : |
Old No.7, New No.15, Gopalakrishnan Road, T. Nagar, Chennai – 600017,
Tamilnadu, India |
|
Tel. No. : |
91-44-23452030-34 |
|
Mobile No. : |
91-9380167063 (Mrs. Patricia) |
|
Fax No. : |
91-44-23452034 / 36 |
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E-Mail : |
accounts@softgelhealthcare.com
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|
Website : |
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|
Factory : |
Survey No:20/1, Vandalur - Kelambakkam Road, Pudupakkam Village
- 603103, Kancheepuram, Tamilnadu, India |
|
Tel. No. : |
91-737-3251777, 3252777, 3253777 |
|
Fax No. : |
91-44-2747 5857 |
DIRECTORS
AS ON 25.09.2014
|
Name : |
Mr. Abdulhai Mohammed Sulaiman |
|
Designation : |
Managing director |
|
Address : |
Old No 16. New No 33/1, Kannadasan Road, T. Nagar, Chennai – 600017,
Tamilnadu, India |
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Date of Birth/Age : |
01.05.1951 |
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Qualification : |
B. Pharm |
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Date of Appointment : |
23.10.2003 |
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DIN No.: |
01186491 |
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|
Name : |
Mr. Kannappan Nagappan |
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Designation : |
Director |
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Address : |
2nd The South Gate 35, Kasturi Ranga Road, Alwarpet,
Chennai - 600018, Tamilnadu, India |
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Date of Birth/Age : |
01.06.1952 |
|
Date of Appointment : |
10.03.2014 |
|
DIN No.: |
05216579 |
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|
|
|
Name : |
Mr. Krishnamurthy Balakumar |
|
Designation : |
Director |
|
Address : |
27A/11A, Moosa Street, T. Nagar, Chennai - 600017, Tamilnadu, India |
|
Date of Birth/Age : |
13.09.1952 |
|
Date of Appointment : |
10.03.2014 |
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DIN No.: |
05215155 |
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Name : |
Mr. Alagappan |
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Designation : |
Director |
|
Address : |
Plot 27/2, New Beach Road, Thiruvalluvar Nagar, Thiruvanmiyur, Chennai
- 600041, Tamilnadu, India |
|
Date of Birth/Age : |
02.06.1953 |
|
Date of Appointment : |
10.03.2014 |
|
DIN No.: |
05215147 |
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|
Name : |
Mr. Sivasamy Manohar |
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Designation : |
Director |
|
Address : |
25, Kamala Nagar, Madurai-625002, Tamil Nadu, India |
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Date of Birth/Age : |
15.03.1953 |
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Date of Appointment : |
26.09.2009 |
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DIN No.: |
01057515 |
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Name : |
Mr. A. Vijay Anand |
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Designation : |
Whole-time Director |
|
Address : |
21/22, Lake Area 5th Creoss Street, Nugambakkam, Chennai –
600034, Tamilnadu, India |
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Date of Birth/Age : |
24.03.1983 |
|
Date of Appointment : |
17.09.2012 |
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DIN No.: |
06381968 |
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Name : |
Mr. Rajendran Patricea |
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Designation : |
Whole-time director |
|
Address : |
No.18-B, Perumal Puram, Phase Iii, Puthur Village, Mappedu, Chennai -
600126, Tamilnadu, India |
|
Date of Birth/Age : |
31.07.1972 |
|
Date of Appointment : |
23.02.2015 |
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DIN No.: |
07104652 |
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|
Name : |
Mr. Sampath Kumar |
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Designation : |
Whole-time director |
|
Address : |
Old No. 6 New No. 8, Valmiki Street, Perungalathur, Chennai - 600063,
Tamilnadu, India |
|
Date of Birth/Age : |
14.10.1959 |
|
Date of Appointment : |
23.02.2015 |
|
DIN No.: |
07104657 |
KEY EXECUTIVES
|
Name : |
Mrs. Patricia |
|
Designation : |
Financial Manager |
MAJOR SHAREHOLDERS
AS ON 25.09.2014
|
Names of Shareholders |
No. of Shares |
|
A.M.
SuLaiman |
650000 |
|
N.
Meenakshy |
1000000 |
|
B.
Mangaleshwari |
920000 |
|
A.
L Gandhimathi |
650000 |
|
S.
Manohar |
610000 |
|
Doppler
Scan |
100000 |
|
Maral
Labs |
2665000 |
|
The
Madras Pharmaceuticals |
9195000 |
|
Alagappan |
800000 |
|
S. Humayun |
800000 |
|
B. Vijay |
530000 |
|
Nagappan |
450000 |
|
M Chitra |
740000 |
|
Balajadia
Zenaida Dizon |
9401074 |
|
|
|
|
Total |
28511074 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2014
|
Category |
Percentage |
|
Foreign holdings [Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others] |
33.00 |
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Directors or relatives of Directors |
67.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Pharmaceutical Products. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
· Pharmacy and Poisons Board Kenya · National Drug Authority Uganda · Ministry of Health Ukraine · Tanzania Food and Drug Agency Tanzania · Health Product and Food Branch Directorate Canada · National Agency for Food and Drug Administration and control ( NAFDAC) Nigeria · Bureau of Foods and Drug Authority Philippines · Ministry of Health Sri Lanka · Pharmacy Medicines and Poisons Board Malawi · Medicines and Healthcare products Regulatory Agency United Kingdom · Department of Health and Ageing Therapeutic goods |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
·
Indian Overseas Bank, C and IC Branch, 98A Dr.
Radhakrishnan Salai, Mylapore, Chennai – 600004, Tamilnadu, India |
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Facilities : |
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Auditors : |
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Name : |
N Rajaraman and Associates Chartered Accountants |
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Address : |
No.100, 1st
Floor, 3rd Cross Street, Sundar Nagar, Guindy, Chennai – 600032,
Tamilnadu, India |
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PAN
No. : |
AAAFR5096B |
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Collaborators : |
Not Divulged |
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Membership : |
Not Divulged |
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Associates : |
· The Madras Pharma · Accent Pharma · Maral Labs · Steril-Gene Life Sciences Private Limited · Lloyd Laboratories Inc · Ristar Formulations Private Limited · Ocean Health and Medical Private Limited · Anphar Organics Private Limited |
CAPITAL STRUCTURE
AS ON 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28511074 |
Equity Shares |
Rs.10/- each |
Rs.285.111 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 |
285.111 |
285.111 |
285.111 |
|
(b) Reserves & Surplus |
(71.794) |
(90.077) |
(111.386) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
213.317 |
195.034 |
173.725 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
50.704 |
28.178 |
47.892 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
50.704 |
28.178 |
47.892 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
134.805 |
130.520 |
77.316 |
|
(b) Trade
payables |
137.623 |
107.970 |
114.255 |
|
(c) Other current
liabilities |
35.314 |
44.909 |
67.090 |
|
(d) Short-term
provisions |
13.240 |
8.489 |
5.935 |
|
Total Current
Liabilities (4) |
320.982 |
291.888 |
264.596 |
|
|
|
|
|
|
TOTAL |
585.003 |
515.100 |
486.213 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
220.282 |
230.652 |
232.109 |
|
(ii)
Intangible Assets |
0.912 |
0.835 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
1.774 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(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 |
5.787 |
8.146 |
14.381 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
226.981 |
241.407 |
246.490 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
121.209 |
92.048 |
114.022 |
|
(c) Trade
receivables |
220.528 |
161.529 |
92.899 |
|
(d) Cash
and cash equivalents |
2.486 |
7.355 |
3.963 |
|
(e)
Short-term loans and advances |
2.309 |
2.391 |
13.406 |
|
(f) Other
current assets |
11.490 |
10.370 |
15.433 |
|
Total
Current Assets |
358.022 |
273.693 |
239.723 |
|
|
|
|
|
|
TOTAL |
585.003 |
515.100 |
486.213 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
REVENUE FROM
OPERATIONS & OTHER INCOME |
535.565 |
549.347 |
451.692 |
|
|
|
|
|
|
|
Less |
EXPENSES |
474.201 |
476.818 |
381.246 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
61.364 |
72.529 |
70.446 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.023 |
24.163 |
27.32 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
47.341 |
48.366 |
43.126 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
29.756 |
27.755 |
24.131 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
17.585 |
20.611 |
18.995 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
17.585 |
20.611 |
18.995 |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.62 |
0.72 |
0.66 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
3.01 |
4.02 |
3.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.11 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.87 |
0.81 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
0.94 |
0.91 |
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 |
285.111 |
285.111 |
285.111 |
|
Reserves & Surplus |
(111.386) |
(90.077) |
(71.794) |
|
Net
worth |
173.725 |
195.034 |
213.317 |
|
|
|
|
|
|
long-term borrowings |
47.892 |
28.178 |
50.704 |
|
Short term borrowings |
77.316 |
130.520 |
134.805 |
|
Total
borrowings |
125.208 |
158.698 |
185.509 |
|
Debt/Equity
ratio |
0.721 |
0.814 |
0.870 |
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 |
|
Revenue from operations & other income |
451.692 |
549.347 |
535.565 |
|
|
|
21.620 |
(2.509) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Revenue from operations & other income |
451.692 |
549.347 |
535.565 |
|
Profit |
18.995 |
20.611 |
17.585 |
|
|
4.21% |
3.75% |
3.28% |
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 |
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 |
REVIEW OF OPERATIONS:
The year has shown a marginal reduction in sale by 2.51%.
OUTLOOK:
Registration process of our products is going on in many countries like Iran, Vietnam, Mexico, Panama, Coasta Rica, Ukraine etc.
They have been exporting our products to IDA foundation (Netherlands), Forum Products (United Kingdom), South American Express (Bolivia), Medical International Laboratories, (Chile) in the year.
On the domestic front, during the current year, they have done business with a few reputed pharmaceutical companies like Intas Pharmaceuticals Private Limited, Indus Pharmaceuticals Private Limited, Apex Laboratories, FDC Limited, Ranbaxy Laboratories Limited, Orbit Life Science Private Limited, Medreich Limited, Amway India Enterprises Private Limited etc. They are taking utmost care in initiating business with the companies which have good annual requirements and are ready to pay.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and advances from related parties |
46.642 |
9.276 |
|
Other loans and advances |
0.000 |
2.500 |
|
|
|
|
|
Total |
46.642 |
11.776 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10496493 |
28/04/2014 * |
7,000,000.00 |
DBS Bank Limited |
806, Anna Salai, Chennai, Tamil Nadu - 600002, India |
C05406889 |
|
2 |
10413090 |
28/04/2014 * |
23,080,000.00 |
DBS Bank Limited |
806, Anna Salai, Chennai, Tamil Nadu - 600002, India |
C05088232 |
|
3 |
10413108 |
28/04/2014 * |
157,500,000.00 |
DBS Bank Limited |
806, Anna Salai, Chennai, Tamil Nadu - 600002, India |
C05406335 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Factory Building
·
Computer
·
Furniture and Fittings
·
Office Equipments
·
Plant and Machinery
·
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.63.33 |
|
|
1 |
Rs.96.52 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
31 |
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.