MIRA
INFORM REPORT
|
Report No. : |
305984 |
|
Report Date : |
03.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAMRUDH PHARMACEUTICALS PRIVATE LIMITED |
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|
|
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Registered
Office : |
A/101, Prarthana Apartment, Jawahar Nagar, Plot No. 15, S.
V. Road Goregaon West, Mumbai- 400062, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.05.1991 |
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Com. Reg. No.: |
11-061667 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.192 millions |
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CIN No.: [Company Identification
No.] |
U24239MH1991PTC061667 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS15391F |
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PAN No.: [Permanent Account No.] |
AABCS4538H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Pharmaceutical Formulation. |
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No. of Employees
: |
Management declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 having satisfactory track. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported
to be usually correct and as per commitments. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Satish Dave |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-28725367 |
|
Date : |
30.01.2015 |
LOCATIONS
|
Registered Office : |
A/101, Prarthana Apartment, Jawahar Nagar, Plot No. 15, S. V. Road Goregaon West, Mumbai- 400062, Maharashtra, India |
|
Tel. No.: |
91-22-28725367/28738643/28773023 |
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Fax No.: |
91-22-28725367 |
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E-Mail : |
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Website : |
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Factory : |
J-174, MIDC, Tarapur, Boisar, Thane – 401506, Maharashtra, India |
|
Tele-Fax. No.: |
91-2525-270561/272129 |
DIRECTORS
As on: 20.09.2013
|
Name : |
Mr. Sharad H. Sheth |
|
Designation : |
Whole-time director |
|
Address : |
E/811, Royal Samrat, Near Cinemax Threatre, S.V. Road, Goregaon West,
Mumbai – 400062, Maharashtra, India |
|
Date of Appointment : |
01.04.2010 |
|
Date of Birth |
31.01.1949 |
|
DIN No.: |
01742585 |
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|
|
|
Name : |
Mr. Alok S. Sheth |
|
Designation : |
Whole-time director |
|
Address : |
E/811, Royal Samrat, Near Cinemax Threatre, S.V. Road, Goregaon West,
Mumbai – 400062, Maharashtra, India |
|
Date of Appointment : |
01.04.2010 |
|
Date of Birth |
23.11.1977 |
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DIN No.: |
01330043 |
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Other Directorship: |
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|
|
|
Name : |
Mrs. Harsha S. Sheth |
|
Designation : |
Whole-time director |
|
Address : |
E/811, Royal Samrat, Near Cinemax Threatre, S.V. Road, Goregaon West,
Mumbai – 400062, Maharashtra, India |
|
Date of Appointment : |
01.04.2010 |
|
Date of Birth |
01.04.1957 |
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DIN No.: |
01330052 |
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|
|
Name : |
Mr. Joseph S. D’souza |
|
Designation : |
Whole-time director |
|
Address : |
B-304, Blue Diamond, Laxmian Mhatre Marg, Navi Gaon Borivali (West),
Mumbai – 400068, Maharashtra, India |
|
Date of Birth |
23.06.1951 |
|
Date of Appointment : |
01.04.2010 |
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DIN No.: |
01742696 |
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|
|
|
Name : |
Mr. Jayendra H. Sheth |
|
Designation : |
Whole-time director |
|
Address : |
B/304, Mary Villa, Gajanan Colony Road, Goregaon West, Mumbai – 400062,
Maharashtra, India |
|
Date of Birth |
10.01.1940 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
02542210 |
KEY EXECUTIVES
|
Name : |
Mr. Satish Dave |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 20.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Piyush R. Shah |
|
20 |
|
Harsh S. Sheth |
|
10 |
|
Sharad H. Sheth |
|
5700 |
|
Harsha S. Sheth |
|
28523 |
|
Sharad H. Sheth |
|
15755 |
|
Joseph S. D’souza |
|
2240 |
|
Jayendra H. Sheth |
|
1600 |
|
Usha J Sheth |
|
1500 |
|
Tushar J. Sheth |
|
1500 |
|
Alok S. Sheth |
|
4067 |
|
Samyak Consultancy Private Limited, India |
|
1000 |
|
Total |
|
61915 |
Equity Share Break up (Percentage of Total Equity)
As on: 20.09.2013
|
Category |
Percentage |
|
Bodies corporate |
1.62 |
|
Directors or relatives of Directors |
98.35 |
|
Other top fifty shareholders |
0.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Formulation. |
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Products : |
Pharmaceutical Formulation |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
|
Particulars |
Unit |
|
L.D.O./Furnace Oil |
473260 Liters |
|
Diesel |
22800 Liters |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Management declined by the management |
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Bankers : |
Bank of India, Borivli (West) Branch, Mangal Kunj, Swami Vivekanand Road, Borivali (West),, Mumbai - 400092, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
N I Parekh and Company Chartered Accountants |
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Address : |
E, Mangalam, Ground floor, 155, Jain Society, Sion (West),
Mumbai-400022, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPP9292M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
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Enterprises where key management personal exercise significant
influence: |
·
Samrudh Packaging Private Limited ·
Samrudh Healthcare Private Limited ·
S.R. Printers ·
Dia-Chemie |
CAPITAL STRUCTURE
As on 20.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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|
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|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
619150 |
Equity Shares |
Rs.10/- each |
Rs. 6.192
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
6.192 |
6.192 |
6.192 |
|
(b) Reserves & Surplus |
125.511 |
111.528 |
94.527 |
|
(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) |
131.703 |
117.720 |
100.719 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
70.517 |
58.509 |
63.277 |
|
(b) Deferred tax liabilities (Net) |
16.794 |
16.244 |
16.069 |
|
(c) Other long term liabilities |
2.109 |
10.101 |
7.083 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
89.420 |
84.854 |
86.429 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
63.605 |
53.340 |
65.724 |
|
(b) Trade payables |
54.161 |
65.442 |
42.088 |
|
(c) Other current
liabilities |
49.070 |
28.753 |
41.441 |
|
(d) Short-term provisions |
7.807 |
2.253 |
3.508 |
|
Total Current Liabilities (4) |
174.643 |
149.788 |
152.761 |
|
|
|
|
|
|
TOTAL |
395.766 |
352.362 |
339.909 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
197.393 |
196.950 |
177.686 |
|
(ii) Intangible Assets |
0.563 |
0.220 |
0.046 |
|
(iii) Capital
work-in-progress |
4.128 |
0.000 |
9.896 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.152 |
0.152 |
0.152 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
17.376 |
17.576 |
18.350 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
219.612 |
214.898 |
206.130 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
83.151 |
81.856 |
82.222 |
|
(c) Trade receivables |
79.520 |
45.021 |
31.101 |
|
(d) Cash and cash
equivalents |
1.741 |
0.964 |
9.168 |
|
(e) Short-term loans and
advances |
11.742 |
9.623 |
11.288 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
176.154 |
137.464 |
133.779 |
|
|
|
|
|
|
TOTAL |
395.766 |
352.362 |
339.909 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Other Income |
562.952 |
492.116 |
399.444 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
513.457 |
446.664 |
370.024 |
|
|
|
|
|
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|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
49.495 |
45.452 |
29.420 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.439 |
18.519 |
17.024 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
29.056 |
26.933 |
12.396 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.649 |
9.415 |
3.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
19.407 |
17.518 |
9.391 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
57.470 |
36.848 |
22.224 |
|
|
TOTAL EARNINGS |
57.470 |
36.848 |
22.224 |
|
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
307.000 |
11.145 |
23.692 |
|
|
|
Stores & Spares |
0.000 |
0.542 |
0.358 |
|
|
|
Capital Goods |
1.421 |
1.381 |
2.101 |
|
|
TOTAL IMPORTS |
308.421 |
13.068 |
26.151 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
313.44 |
282.93 |
151.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.42 |
7.65 |
3.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.23 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.02 |
0.95 |
1.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
0.92 |
0.88 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
6.192 |
6.192 |
6.192 |
|
Reserves & Surplus |
94.527 |
111.528 |
125.511 |
|
Net worth |
100.719 |
117.720 |
131.703 |
|
|
|
|
|
|
long-term borrowings |
63.277 |
58.509 |
70.517 |
|
Short term borrowings |
65.724 |
53.340 |
63.605 |
|
Total borrowings |
129.001 |
111.849 |
134.122 |
|
Debt/Equity ratio |
1.281 |
0.950 |
1.018 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales and Other Income |
399.444 |
492.116 |
562.952 |
|
|
|
23.200 |
14.394 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales and Other Income |
399.444 |
492.116 |
562.952 |
|
Profit |
9.391 |
17.518 |
19.407 |
|
|
2.35% |
3.56% |
3.45% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
25.758 |
15.027 |
14.380
|
|
|
|
|
|
|
Total |
25.758 |
15.027 |
14.380
|
|
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 company’s during the financial year have achieved total revenue of
Rs. 562.952 Millions compared to previous year Rs. 492.116 Millions. The Net Profit
of the company has increased to Rs. 19.407 Millions from Rs. 17.518 Millions.
The Board looks forward to more improved performance in the current financial
year i.e. 2014-15 and plan accordingly where it can reduce expenditures.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Millions |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
From Bank Bill Discounting |
2.513 |
0.000 |
|
From Bank Current Account |
0.136 |
0.000 |
|
Loan from related parties |
1.175 |
1.175 |
|
Total |
3.824 |
1.175 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10367563 |
06/07/2012 |
1,490,000.00 |
BANK OF INDIA |
BORIVLI (WEST)
BRANCH, MANGAL KUNJ,, SWAMI VIVEKANAND ROAD, BORIVLI (WEST), MUMBAI,
MAHARASHTRA - |
B44527513 |
|
2 |
10240307 |
31/08/2010 |
10,000,000.00 |
BANK OF INDIA |
BORIVALI (WEST)
BRANCH, MANGAL KUNJ,, S.V. ROAD, |
A95119814 |
|
3 |
10240749 |
06/07/2009 |
30,000,000.00 |
BANK OF INDIA |
BORIVALI (WEST)
BRANCH, MANGAL KUNJ , S V ROAD ,, |
A81330508 |
|
4 |
10120533 |
07/08/2008 |
15,000,000.00 |
BANK OF INDIA |
BORIVALI (WEST)
BR. MANGAL KUNJ , S V ROAD, BORIVALI (WEST), MUMBAI, MAHARASHTRA - 400092,
INDIA |
A45040920 |
|
5 |
90152641 |
18/11/2011 * |
178,348,000.00 |
BANK OF INDIA |
BORIVLI (WEST) BRANCH,
MANGAL KUNJ,, SWAMI VIVEKANAND ROAD, BORIVLI (WEST),, MUMBAI, MAHARASHTRA
- |
B27687557 |
|
6 |
90154026 |
25/05/2006 * |
41,500,000.00 |
BANK OF INDIA |
BORIVALI (WEST)
BRANCH , MANGAL KUNJ, S.V.ROAD , |
- |
|
7 |
90152622 |
18/11/2011 * |
178,348,000.00 |
BANK OF INDIA |
BORIVLI (WEST)
BRANCH, MANGAL KUNJ,, SWAMI VIVEKANAND ROAD, BORIVLI (WEST),, MUMBAI,
MAHARASHTRA - 400092, INDIA |
B27688225 |
|
8 |
90153948 |
07/02/2003 |
21,600,000.00 |
BANK OF INDIA |
BORIVALI (W)
BRANCH; MANGL KUNJ, SWAMI VIVEKANAND |
- |
|
9 |
90153754 |
06/09/2000 |
1,100,000.00 |
BANK OF INDIA |
BORVILI (W) BRANCH,
MUMBAI, MAHARASHTRA - 400092, |
- |
|
10 |
90153516 |
27/01/2014 * |
178,700,000.00 |
BANK OF INDIA |
BORIVLI (WEST)
BRANCH, MANGAL KUNJ,, SWAMI VIVEKANAND ROAD, BORIVLI (WEST),, MUMBAI,
MAHARASHTRA - 400092, INDIA |
B96959663 |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Electric Fitting
· Computer software
· Vehicle
· Furniture
· Computer Equipment
· Office Equipment
· Power Station
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.61.88 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
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 |
6 |
|
--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 |
|
48 |
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.