MIRA INFORM REPORT
|
Report No. : |
355456 |
|
Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MURLI KRISHNA PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101, 1st Floor, Ganesh Bhuvan Cooperative Housing Society, Opposite
Pamekar Society, Mahatma Fule Marg, Mulund (East), Mumbai – 400081,
Maharashtra |
|
Tel. No.: |
91-22-25631595/ 25631594/ 25637534/25637535/25637536 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
02.04.2004 |
|
|
|
|
Com. Reg. No.: |
11-145510 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.32.014 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH2004PTC145510 |
|
|
|
|
IEC No.: |
0304056669 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM21746E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM8601K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical Product (Registered Activities) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established private limited company incorporated in the
year2004 having moderate track. It is a drug delivery systems (DDS) company
in India that provides a range of effective solutions to optimize the
delivery of pharmaceutical products. The company has recorded unfavorable gap between trade payables and
trade receivables in the financial year ending 2015. Further from the indirect source we found that subject has reported
delay in serving its debt obligations. However, the company has reported
decent increase in its revenue base along with fair profit margin. Trade relations are fair. Business is active. Payments are reported to
be slow but correct. In view of aforesaid, 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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
SMERA |
|
Rating |
Term Loans (D) |
|
Rating Explanation |
Lowest credit quality and very low prospects of recovery |
|
Date |
12.06.2015 |
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Vipul |
|
Contact No.: |
91-22-25631595 |
|
Date : |
16.12.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
101, 1st Floor, Ganesh Bhuvan Cooperative Housing Society, Opposite
Pamekar Society, Mahatma Fule Marg, Mulund (East), Mumbai – 400081,
Maharashtra, India |
|
Tel. No.: |
91-22-25631595/ 25631594/ 25637534/25637535/25637536 |
|
Fax No.: |
91-22-25637533 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
D-98, MIDC Ranjangaon, Taluka Shirur, Pune - 412209,
Maharashtra, India |
|
Tel. No.: |
91-2138-675600/ 675601/ 675613 /670357 / 670359 |
|
Fax No.: |
91-2138-670359 |
DIRECTORS
As on 07.05.2015
|
Name : |
Mrs. Satya Ramani Vadlamani |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||
|
Address : |
A 202, Golden Oak, Hiranandani Gardens, Hiranandani, Powai, Mumbai - 400076, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.07.1964 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.04.2004 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00009269 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Challa Sitamahalakshmi |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. B 604, Building No-4, Powai Vihar Comple, Adi Shankaracharya Marg, Powai, Mumbai – 400076, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.07.1943 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.04.2004 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00008471 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vijay Kalyansundaram Shastri |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
2-223, Sathe Building, Bhalchandra Road, Matunga, Mumbai - 400019, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.10.1958 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.04.2004 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00009150 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Sau Chun Fung |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat J6 3/F, BLK J Wei Chien CRT, 9 Long, Yuet St, Tokwawan Kln, 999077, China |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.01.1965 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.04.2004 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03113913 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dhirendra Chhabildas Somaiya |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee director |
||||||||||||||||||||||||||||||||||||
|
Address : |
No. 1 Barclay Oval, Woodford Green, Essex, Ig80pp, United Kingdom |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.09.1953 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.01.2011 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03408596 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vinaykant Chhabildas Somaiya |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
P O Box 284, Plot HSC No. 1320, Block No. Masaki-Chole Road, Dar Es Salaam, 1320, United Republic of Tanzania |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.02.1946 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2012 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05339685 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Zainul Fakhruddin Bharmal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1394 Haile Selassie Road,, P O Box 283 Dar Es Salaam, Tanzania, 1394, United Republic of Tanzania |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.04.1960 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2013 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06719771 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Venkatarjun Eshwar Vadlamany |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
A-202, Golden Oak, Hiranandani Garden, Powai, Mumbai - 400076, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.12.1986 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2013 |
||||||||||||||||||||||||||||||||||||
|
Date of cessation : |
16.04.2015 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06734600 |
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 14.07.2014
|
Names of Shareholders |
No. of Shares |
|
Vadlamani Satya Ramani |
484879 |
|
Vijay Kalyansundaram Shastri |
120670 |
|
Challa Sitamahalakshmi |
182299 |
|
Vadlamani Venkata Murli Krishna |
51629 |
|
Vadlamani Venkatarjun |
51629 |
|
Mohan Vadlamani |
127789 |
|
Rhenochem AG, Switzerland |
70000 |
|
Eloon Hong Kong Limited, Hong Kong |
50000 |
|
Geopharma Inc., USA |
34260 |
|
Umoja Limited, Mauritius |
1004126 |
|
Bowland Investments Limited, British Virgin Islands |
145912 |
|
Kruton International Inc., USA |
344884 |
|
C.R. Sarma |
138800 |
|
Rakesh Garg |
40000 |
|
Alpesh Patel |
24000 |
|
Sanjiv Basin |
24000 |
|
Kiran Ventaka Mengipudi |
12000 |
|
Nukula Satyanarayana |
3596 |
|
M. Bhaskara Ramamurti |
10000 |
|
M. Ravi Srinivas |
10000 |
|
B. Kavita |
2000 |
|
Murli Krishna Exports Private Limited, India |
82370 |
|
Total |
3014843 |
List of Allotties:
As on 16.08.2014
|
Name
of Allotties |
No
of share |
|
Bowland Investments Limited |
95700 |
|
Total |
95700 |
As on 17.01.2015
|
Name
of Allotties |
No
of share |
|
Bowland Investments Limited |
84633 |
|
Murli Krishna Exports Private Limited |
6250 |
|
Total |
90883 |
Equity Share Break up (Percentage of Total Equity)
As on 14.07.2014
|
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 |
54.70 |
|
Bodies corporate |
2.73 |
|
Directors or relatives of Directors |
33.80 |
|
Other top fifty shareholders |
8.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Product (Registered Activities) |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Asutosh and Pankaj Chartered Accountants |
|
Address : |
914, A wing, Sagar Tech Plaza Sakinaka Junction, Andheri (East), Mumbai
– 400072, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AARPS9759 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 22.05.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs. 10/- each |
Rs. 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3201426 |
Equity Shares |
Rs. 10/- each |
Rs. 32.014
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
32.014 |
30.148 |
28.689 |
|
(b) Reserves & Surplus |
86.321 |
51.590 |
40.289 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
14.521 |
14.590 |
|
Total
Shareholders’ Funds (1) + (2) |
118.335 |
96.259 |
83.568 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
67.752 |
68.016 |
78.598 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
4.562 |
0.640 |
0.000 |
|
(d) long-term provisions |
96.169 |
70.439 |
56.774 |
|
Total
Non-current Liabilities (3) |
168.483 |
139.095 |
135.372 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
64.501 |
64.482 |
47.774 |
|
(b) Trade payables |
100.792 |
96.018 |
85.824 |
|
(c) Other current liabilities |
7.426 |
6.649 |
10.083 |
|
(d) Short-term provisions |
9.689 |
9.465 |
4.779 |
|
Total
Current Liabilities (4) |
182.408 |
176.614 |
148.460 |
|
|
|
|
|
|
TOTAL |
469.226 |
411.968 |
367.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
179.133 |
170.429 |
149.880 |
|
(ii) Intangible Assets |
69.803 |
43.977 |
40.209 |
|
(iii) Capital work-in-progress |
33.468 |
55.192 |
39.916 |
|
(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) |
14.776 |
14.475 |
15.932 |
|
(d) Long-term Loan and Advances |
0.000 |
0.300 |
0.300 |
|
(e) Other Non-current assets |
11.151 |
2.345 |
2.078 |
|
Total
Non-Current Assets |
308.331 |
286.718 |
248.315 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
80.171 |
64.198 |
59.527 |
|
(c) Trade receivables |
68.869 |
47.216 |
40.357 |
|
(d) Cash and cash equivalents |
3.144 |
1.414 |
0.913 |
|
(e) Short-term loans and
advances |
4.807 |
2.904 |
5.245 |
|
(f) Other current assets |
3.904 |
9.518 |
13.043 |
|
Total
Current Assets |
160.895 |
125.250 |
119.085 |
|
|
|
|
|
|
TOTAL |
469.226 |
411.968 |
367.400 |
PROFIT
& LOSS ACCOUNT
|
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
438.896 |
325.082 |
214.428 |
|
|
Other Income |
2.215 |
0.950 |
|
|
|
TOTAL
(A) |
441.111 |
326.032 |
214.428 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
237.289 |
195.892 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
5.317 |
(7.987) |
|
|
|
Employees benefits expense |
40.141 |
29.274 |
|
|
|
Other expenses |
92.442 |
74.973 |
|
|
|
TOTAL
(B) |
375.189 |
292.152 |
214.058 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
65.922 |
33.880 |
0.370 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.665 |
14.836 |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
48.257 |
19.044 |
NA |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
25.193 |
15.703 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
23.064 |
3.341 |
0.370 |
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.301) |
2.253 |
0.529 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
23.365 |
1.088 |
(0.159) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
211.609 |
94.437 |
0.000 |
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
70.012 |
36.836 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
7.68 |
0.37 |
(0.06) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash generated from operating activity |
34.070 |
37.099 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
5.32 |
0.33 |
(0.07) |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
15.02 |
10.42 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
5.48 |
0.98 |
0.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.03 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
1.38 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88 |
0.71 |
0.80 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
28.689 |
30.148 |
32.014 |
|
Reserves & Surplus |
40.289 |
51.590 |
86.321 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
14.590 |
14.521 |
0.000 |
|
Net
worth |
83.568 |
96.259 |
118.335 |
|
|
|
|
|
|
Long-term borrowings |
78.598 |
68.016 |
67.752 |
|
Short term borrowings |
47.774 |
64.482 |
64.501 |
|
Total
borrowings |
126.372 |
132.498 |
132.253 |
|
Debt/Equity
ratio |
1.512 |
1.376 |
1.118 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
214.428 |
325.082 |
438.896 |
|
|
|
51.604 |
35.011 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
214.428 |
325.082 |
438.896 |
|
Profit / Loss |
(0.159) |
1.088 |
23.365 |
|
|
(0.07%) |
0.33% |
5.32% |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
From Related Parties |
4.961 |
4.803 |
|
From Others |
10.347 |
13.477 |
|
Total |
15.308 |
18.280 |
INDEX
OF CHARGES
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10250634 |
15-10-10 |
3,000,000.00 |
BANK
OF MAHARASHTRA |
KOREGAON
BHIMA BRANCH, TALUK SHIRUR, PUNE RURAL REGION,, PUNE, Maharashtra - 412216,
INDIA |
A98120827 |
|
|
|
|
|
|
|
|
|
2 |
10100024 |
21-04-08 |
8,900,000.00 |
BANK
OF MAHARASHTRA |
KOREGAON
BHIMA, TALUK SHIRUR, PUNE RURAL REGION,PUNE, Maharashtra - 412216,
INDIA |
A37310620 |
|
|
|
|
|
|
|
|
|
3 |
10048499 |
10-04-07 |
11,700,000.00 |
THE
BANK OF MAHARASHTRA LIMITED |
KOREGAON
BHIMA BRANCH, PUNE RURAL REGION, PUNE, Maharashtra - 412216, INDIA |
A14353809 |
|
|
|
|
|
|
|
|
|
4 |
10026051 |
29/04/2015
* |
215,300,000.00 |
BANK
OF MAHARASHTRA |
KOREGAON
BHIMA BRANCH, KOREGAON BHIMA,TAH. SHIRUR, DIST. PUNE, PUNE, Maharashtra -
412216, INDIA |
C52878857 |
|
|
|
|
|
|
|
|
|
5 |
90145478 |
29/10/2004
* |
12,500,000.00 |
BANK
OF MAHARASHTRA |
KOREGAON
BHIMA BRANCH, PUNE, Maharashtra, INDIA |
- |
FIXED ASSETS
Tangible Assets-
- Land Factory
- Building
- Computer and
Accessories
- Plant and
Machinery
- Vehicle
- Furniture and
Fixture
- Office
Equipment
- Electrical
Fittings
Intangible Assets-
- Website
- ERP 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 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.66.64 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KNJL |
|
|
|
|
Report Prepared
by : |
VLS |
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 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
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.