MIRA INFORM REPORT
|
Report No. : |
356729 |
|
Report Date : |
24.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
S KANT HEALTHCARE LIMITED |
|
|
|
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Registered
Office : |
A/3, Shiv Sagar Estate, North Wing, Dr. Annie Besant Road, Mumbai – 400018, Maharashtra |
|
Tel. No.: |
91-22-66227575 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
18.03.1996 |
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|
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Com. Reg. No.: |
11-098246 |
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Capital
Investment / Paid-up Capital : |
Rs.9.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1996PLC098246 |
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|
|
|
IEC No.: |
0397045166 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS20758D |
|
|
|
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PAN No.: [Permanent Account No.] |
AAECS5406P |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing of anti-material drugs and various
active pharmaceutical ingredients (APIs). (Confirmed by indirect source) |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 588000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company incorporated in the year 1996,
having satisfactory track. Management of the company has filed to file financials for the year 2015
with the government department. Rating takes into consideration strong financial risk profile of the
company marked by adequate networth base and comfortable gearing in FY14. Further the company has reported significant increase in its sales
turnover and profit along with decent profit margin of nearly 10% in the year
under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track record of business operations along with decent
financial condition, the company can be considered for business dealings with
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating : BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
March, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
March, 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Shirish Darji |
|
Designation : |
Finance Head |
LOCATIONS
|
Registered Office / Head Office : |
A/3, Shiv Sagar Estate, North Wing, Dr. Annie Besant Road, Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-66227575 |
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Fax No.: |
91-22-66227500 / 66227600 |
|
E-Mail : |
|
|
Website : |
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|
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Mumbai office: |
Mehta Mahal, Ground Floor 15 Matthew Road Opera House, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-66172503 |
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E-Mail : |
|
|
|
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|
Factory : |
Plot No. 1802 – 1805, GIDC Phase III, Vapi - 396195, Gujrat, India |
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Tel. No.: |
91-260-2422516 / 2549517 / 8 |
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Fax No.: |
91-260-2430527 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Bharat Nemchand Shah |
|
Designation : |
Director |
|
Address : |
4th Floor, Room No.15, Bharatiya Bhavan, Netaji Subhash Marg, Marine Drive, Mumbai - 400020, Maharashtra, India |
|
Date of Birth/Age : |
06.09.1946 |
|
Date of Appointment : |
28.04.2004 |
|
DIN No.: |
00083354 |
|
|
|
|
Name : |
Lalit Popatlal Shah |
|
Designation : |
Director |
|
Address : |
B-2/2, Amalfi, 27 B, L. D. Ruparel Marg, Malabar Hill, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1936 |
|
Date of Appointment : |
18.03.1996 |
|
DIN No.: |
00396345 |
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|
|
|
Name : |
Mahesh Kantilal Shah |
|
Designation : |
Director |
|
Address : |
37, Mahavir Building, B.G. Kher Marg, Malabar Hill, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
03.06.1949 |
|
Date of Appointment : |
01.04.2001 |
|
DIN No.: |
00506695 |
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|
|
|
Name : |
Ritesh Bipin Shah |
|
Designation : |
Director |
|
Address : |
1801, Devdarshan, 50, Ridge Road, Walkeshwar, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1981 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
02496729 |
|
|
|
|
Name : |
Samir Jayantilal Shah |
|
Designation : |
Director |
|
Address : |
3-B, Suvas Apartment, Rungta Lane, 68. F, Nepeansea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
22.10.1966 |
|
Date of Appointment : |
28.04.2004 |
|
DIN No.: |
00157396 |
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|
|
|
Name : |
Mahesh Harishchandra Kolambe |
|
Designation : |
Whole-time director |
|
Address : |
B/302, Surya Co-Operative HSG. Society, Opposite Raj Residency, Chharwada Road, Vapi - 396195, Gujarat, India |
|
Date of Birth/Age : |
13.12.1975 |
|
Date of Appointment : |
02.04.2013 |
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DIN No.: |
06544401 |
KEY EXECUTIVES
|
Name : |
Mr. Shirish Darji |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Jayantilal P. Shah joint Mrudula J. Shah Joint Samit J. Shah |
1300 |
13.27 |
|
Samir Jayantilal Shah Joint Jasmine S. Shah |
1400 |
14.29 |
|
Bharat Nemchand Shah Joint Surekha B. Shah |
1100 |
11.22 |
|
Mahesh Kantilal Shah Joint Panna M. Shah Joint Rohan M. Shah |
100 |
1.02 |
|
Jasmine S. Shah Joint Samir J. Shah |
200 |
2.04 |
|
Panna M. Shah Joint Mahesh K. Shah Joint Rohan M. Shah |
100 |
1.02 |
|
Harshit Bharat Shah |
2170 |
22.14 |
|
Mrudula J. Shah Joint Samir J. Shah |
1430 |
14.59 |
|
Surekha B. Shah Joint Harshit B. Shah |
2000 |
20.41 |
|
Total |
9800 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of anti-material drugs and various
active pharmaceutical ingredients (APIs). (Confirmed by indirect source) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
South Africa |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Products : |
Machinery |
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Countries : |
Singapore |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S. I. Mogul Associates Chartered Accountants |
|
Address : |
73-B, Mital Court, Nariman Point, Mumbai, Maharashtra, India |
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Tel. No.: |
91-22-22842159 / 22842093 |
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Fax No.: |
91-22-22822743 |
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Email: |
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Website: |
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PAN No.: |
AAMFS7435P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
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Other related party
: |
Eskay Fine Chemical |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 1000 /- each |
Rs.10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 1000 /- each |
Rs.10.000 Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 1000 /- each |
Rs.10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,800 |
Equity Shares |
Rs. 1000 /- each |
Rs.9.800 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.800 |
9.800 |
9.800 |
|
(b) Reserves &
Surplus |
196.047 |
59.180 |
30.896 |
|
(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) |
205.847 |
68.980 |
40.696 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
23.202 |
30.000 |
|
(b) Deferred tax liabilities
(Net) |
12.253 |
5.855 |
3.054 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.132 |
1.001 |
1.511 |
|
Total Non-current
Liabilities (3) |
13.385 |
30.058 |
34.565 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
168.422 |
183.755 |
187.157 |
|
(b) Trade payables |
349.948 |
163.739 |
97.437 |
|
(c) Other current
liabilities |
133.010 |
111.023 |
114.362 |
|
(d) Short-term provisions |
65.000 |
9.503 |
7.101 |
|
Total Current Liabilities
(4) |
716.380 |
468.020 |
406.057 |
|
|
|
|
|
|
TOTAL |
935.612 |
567.058 |
481.318 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
266.882 |
232.203 |
167.447 |
|
(ii) Intangible Assets |
1.141 |
1.240 |
0.386 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
50.117 |
|
(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 |
5.706 |
5.856 |
8.862 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
273.729 |
239.299 |
226.812 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
152.146 |
93.542 |
80.111 |
|
(c) Trade receivables |
359.004 |
101.267 |
43.343 |
|
(d) Cash and cash
equivalents |
41.771 |
74.098 |
70.028 |
|
(e) Short-term loans and
advances |
107.749 |
58.550 |
60.697 |
|
(f) Other current assets |
1.213 |
0.302 |
0.327 |
|
Total Current Assets |
661.883 |
327.759 |
254.506 |
|
|
|
|
|
|
TOTAL |
935.612 |
567.058 |
481.318 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1307.489 |
722.998 |
652.849 |
|
|
Other Income |
6.409 |
11.016 |
9.361 |
|
|
TOTAL (A) |
1313.898 |
734.014 |
662.210 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
653.919 |
460.439 |
340.492 |
|
|
Purchases of
Stock-in-Trade |
34.652 |
20.298 |
53.367 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.335 |
(18.638) |
19.789 |
|
|
Employees benefits
expense |
59.275 |
46.010 |
38.283 |
|
|
Extraordinary Items |
0.000 |
0.000 |
2.749 |
|
|
Other expenses |
306.252 |
127.287 |
129.695 |
|
|
TOTAL (B) |
1054.433 |
635.396 |
584.375 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
259.465 |
98.618 |
77.835 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
18.645 |
28.555 |
34.266 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
240.820 |
70.063 |
43.569 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
31.336 |
29.428 |
20.484 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
209.484 |
40.635 |
23.085 |
|
|
|
|
|
|
|
Less |
TAX (H) |
71.398 |
12.305 |
7.734 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
138.086 |
28.330 |
15.351 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
863.209 |
217.218 |
266.555 |
|
|
TOTAL EARNINGS |
863.209 |
217.218 |
266.555 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials and Traded
Goods |
NA |
210.299 |
135.382 |
|
|
TOTAL IMPORTS |
NA |
210.299 |
135.382 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
14090.41 |
2890.82 |
1566.41 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
0.000 |
10.051 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.56 |
3.92 |
2.35 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
19.84 |
13.64 |
11.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.39 |
7.17 |
5.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.02 |
0.59 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.82 |
3.00 |
5.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.70 |
0.63 |
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 |
9.800 |
9.800 |
9.800 |
|
Reserves & Surplus |
30.896 |
59.180 |
196.047 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
40.696 |
68.980 |
205.847 |
|
|
|
|
|
|
long-term borrowings |
30.000 |
23.202 |
0.000 |
|
Short term borrowings |
187.157 |
183.755 |
168.422 |
|
Total borrowings |
217.157 |
206.957 |
168.422 |
|
Debt/Equity ratio |
5.336 |
3.000 |
0.818 |
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 |
652.849 |
722.998 |
1307.489 |
|
|
|
10.745 |
80.843 |
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 |
652.849 |
722.998 |
1307.489 |
|
Profit |
15.351 |
28.330 |
138.086 |
|
|
2.35% |
3.92% |
10.56% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
41.768 |
30.804 |
|
Loans and advances from others |
24.200 |
39.324 |
|
Total |
65.968 |
70.128 |
AMOUNT PROPOSED TO
CARRY FORWARD TO ANY RESERVES
No amount is transferred to reserves and surplus for the current year.
OVERVIEW / OPERATION
The turnover of the Company has increased to Rs. 1307.488 Million from Rs. 722.998 Million and thus the profit of the Company before taxation and after providing depreciation, for the financial year is Rs. 209.484 Million against Rs. 40.635 Million of the last year. The management is expecting better results and growth in the next year.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10495120 |
14/03/2014 |
225,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI- 400013, MAHARASHTRA, INDIA |
C04639647 |
|
2 |
10279724 |
29/03/2011 |
50,000,000.00 |
UNION BANK OF INDIA |
PRINCESS STREET BRANCH, DEVKARAN MANSION, SHAMAL |
B10412278 |
|
3 |
10230972 |
24/06/2010 |
65,000,000.00 |
UNION BANK OF INDIA |
PRINCESS STREET BRANCH, DEVKARAN MANSION, SHAMAL |
A89564298 |
|
4 |
10136567 |
03/12/2008 |
15,000,000.00 |
UNION BANK OF INDIA |
PRINCESS STREET BRANCH, DEVKARAN MANSION, SHAMAL |
A53822904 |
|
5 |
10136568 |
24/06/2010 * |
60,000,000.00 |
UNION BANK OF INDIA |
PRINCESS STREET BRANCH, DEVKARAN MANSION, SHAMAL |
A89564397 |
|
6 |
80062443 |
08/02/2011 * |
371,429,000.00 |
UNION BANK OF INDIA |
PRINCESS STREET BRANCH, DEVKARAN MANSION, SHAMAL |
B08457038 |
|
7 |
90145433 |
24/06/2010 * |
22,500,000.00 |
UNION BANK OF INDIA |
PRINCESS STREET BRANCH, DEVKARAN MANSION, SHAMAL |
A89564504 |
|
8 |
90146744 |
01/10/2004 |
58,600,000.00 |
UNION BANK OF INDIA |
PRINCESS STREET BRANCH, DEVKARAN MANSION, SHAMAL |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
Intangible Asset
- 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 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.66.20 |
|
|
1 |
Rs.98.29 |
|
Euro |
1 |
Rs.72.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.