MIRA INFORM REPORT
|
Report No. : |
351861 |
|
Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIOAIDE TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Off: B-8, Lower Ground Floor, Panchsheel Enclave, New Delhi -110 017 |
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Tel. No.: |
91-11-26499556/ 26499557/ 40518440 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.08.1996 |
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Com. Reg. No.: |
55-081135 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.950 Million |
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CIN No.: [Company Identification
No.] |
U51397DL1996PTC081135 |
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IEC No.: |
0596065531 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCB3665N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Exporter and Trader of medical equipments, surgical equipments, needle
holders, mastoid retractors, longneck retractors, bone cutters. (From
Indirect Sources) |
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|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 52000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1996 having
satisfactory track. The company possesses as above average financial risk profile marked
by healthy net worth base and fair profitability of the company. Further, the rating also takes into consideration decent liquidity
position of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported as usually correct and as per commitment. In view of long track record and acceptable financial base, the
company can be considered normal for business dealings at usual trade terms
and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
LOCATIONS
|
Registered Office : |
Off: B-8, Lower Ground Floor, Panchsheel Enclave, New Delhi -110 017, India |
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Tel. No.: |
91-11-26499556/ 26499557/ 40518440 |
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Fax No.: |
91-11-26499557 |
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E-Mail : |
DIRECTORS
As on: 29.09.2014
|
Name : |
Mr. Pawan Kapur |
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Designation : |
Director |
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Address : |
C-66, Lane No. 3, Krishna Nagar, S.J. Enclave, New Delhi-110029, India |
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Date of Birth/Age : |
17.05.1971 |
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Date of Appointment : |
01.02.2000 |
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DIN No.: |
01197849 |
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Name : |
Mr. Dinesh Chandra Goel |
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Designation : |
Director |
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Address : |
217, New Gandhi Nagar, Ghaziabad-201001, Uttar Pradesh, India |
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Date of Birth/Age : |
27.03.1934 |
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Date of Appointment : |
15.03.2000 |
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DIN No.: |
01194129 |
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Name : |
Mrs. Renuka Goel |
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Designation : |
Director |
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Address : |
House No. 3159, Sector B, Pocket 4, Vasant Kunj, New Delhi - 110071, India |
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Date of Birth/Age : |
01.01.1974 |
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Date of Appointment : |
04.05.2009 |
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DIN No.: |
01552403 |
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Name : |
Mr. Roopam Kapur |
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Designation : |
Director |
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Address : |
66 C, Street No-3, Krishna Nagar, Safdarjung Enclave, New Delhi-110029, India |
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Date of Birth/Age : |
09.06.1976 |
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Date of Appointment : |
17.08.2009 |
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DIN No.: |
02726200 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pawan Kumar |
|
19480 |
|
Renuka Goel |
|
2660 |
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Roopam Kapur |
|
23840 |
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Darshna kapur |
|
4200 |
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Vujay Goel |
|
40260 |
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Vidya Rani |
|
4600 |
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Total |
|
95040 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter and Trader of medical equipments, surgical equipments, needle
holders, mastoid retractors, longneck retractors, bone cutters. (From Indirect
Sources) |
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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 : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
V P Dhamija and Company Chartered Accountants |
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Address : |
D-11, LGF, Greater Kailash Enclave-1, New Delhi- 110048, India |
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Tel. No.: |
91-11-65658833/ 41735077 |
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FAX No.: |
91-11-26241138 |
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PAN No.: |
AAEFV7691J |
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E-Mail : |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on: 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
95040 |
Equity Shares |
Rs.10/- each |
Rs. 0.950 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 |
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
0.950 |
0.950 |
0.950 |
|
(b) Reserves & Surplus |
17.352 |
14.183 |
10.967 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
18.302 |
15.133 |
11.917 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
1.006 |
1.342 |
1.638 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.014 |
0.073 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
1.006 |
1.356 |
1.711 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
33.862 |
40.333 |
29.646 |
|
(c) Other current
liabilities |
4.638 |
5.280 |
5.219 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
38.500 |
45.613 |
34.865 |
|
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|
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TOTAL |
57.808 |
62.102 |
48.493 |
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II.
ASSETS |
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|
(1) Non-current
assets |
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(a) Fixed
Assets |
|
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|
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(i)
Tangible assets |
2.023 |
2.421 |
2.824 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(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) |
0.030 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.646 |
0.562 |
0.537 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2.699 |
2.983 |
3.361 |
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|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
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|
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(b)
Inventories |
16.112 |
19.314 |
8.012 |
|
(c) Trade
receivables |
30.513 |
37.317 |
28.882 |
|
(d) Cash
and cash equivalents |
7.459 |
1.587 |
8.017 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
1.025 |
0.901 |
0.221 |
|
Total
Current Assets |
55.109 |
59.119 |
45.132 |
|
|
|
|
|
|
TOTAL |
57.808 |
62.102 |
48.493 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
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Income |
|
|
|
|
|
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Other Income |
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|
|
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TOTAL |
193.639 |
205.644 |
166.891 |
|
|
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|
|
|
|
Less |
EXPENSES |
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|
Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
189.035 |
200.979 |
162.427 |
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|
PROFIT/
(LOSS) BEFORE TAX |
4.604 |
4.665 |
4.464 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.435 |
1.450 |
1.384 |
|
|
|
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|
|
|
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|
|
PROFIT/
(LOSS) AFTER TAX |
3.169 |
3.215 |
3.080 |
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|
|
EARNINGS IN
FOREIGN CURRENCY |
6.075 |
3.386 |
2.533 |
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|
|
|
Earnings Per
Share (Rs.) |
63.92 |
35.63 |
26.65 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.97 |
7.51 |
9.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.31 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.05 |
0.09 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.30 |
1.29 |
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 |
0.950 |
0.950 |
0.950 |
|
Reserves & Surplus |
10.967 |
14.183 |
17.352 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
11.917 |
15.133 |
18.302 |
|
|
|
|
|
|
long-term borrowings |
1.638 |
1.342 |
1.006 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
1.638 |
1.342 |
1.006 |
|
Debt/Equity ratio |
0.137 |
0.089 |
0.055 |
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) |
|
Total earnings |
166.891 |
205.644 |
193.639 |
|
|
|
23.221 |
(5.838) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total earnings |
166.891 |
205.644 |
193.639 |
|
Profit |
3.080 |
3.215 |
3.169 |
|
|
1.85% |
1.56% |
1.64% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Operation Highlights
The directors are confident that the company will earn good profits after it expands its business on a large scale in the near future. In view of the expansion plans of the Company and immediate internal-funding requirements towards the Working Liquidity, the Directors have not recommended any dividend. The company looks forward to achieve yet better results next year.
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10251923 |
25/04/2012 * |
18,000,000.00 |
Bank of India |
Ansari Road, Daryaganj, New Delhi - 110002, INDIA |
B37864741 |
* Date
of charge modification
FIXED ASSETS:
- Air Conditioners
- Almirahs
- Computers
- EPABX/Tel Fax
- Furniture and Fixture
- Inverters
- Mobile Handsets
- Printers
- Scanner
- Building
- Vacuum cleaners
- Water filters
- Attendance machines
- Motor car
- Refrigerators
- Projector
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.66.81 |
|
|
1 |
Rs.100.37 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
47 |
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.