MIRA INFORM REPORT
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Report No. : |
301605 |
|
Report Date : |
08.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEUVERA WELLNESS VENTURES PRIVATE LIMITED (w.e.f. 24.07.2014) |
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|
Formally Known
As |
NEULIFE NUTRITION SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
A/11, Shriram Industrial Estate, Near Wadala Telephone Exchange, Wadala
(West), Mumbai - 400031, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
18.03.2011 |
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Com. Reg. No.: |
11-214996 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
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CIN No.: [Company Identification
No.] |
U74990MH2011PTC214996 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN18873B |
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PAN No.: [Permanent Account No.] |
AADCN5767B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Distributor of Nutritional and Health Food
Supplements. |
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No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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 record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. 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
|
Name : |
Mr. Ganesh |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-40732222 |
|
Date : |
02.01.2015 |
LOCATIONS
|
Registered Office: |
A/11, Shriram Industrial Estate, Near Wadala Telephone Exchange,
Wadala (West), Mumbai - 400031, Maharashtra, India |
|
Tel. No.: |
91-22-40732222/ 40732206 |
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Fax No.: |
91-22-24110121 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
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Sales Office : |
108/109, TV Estate, Behind Glaxo, 52 S K Ariay Marg,
Worli, Mumbai – 400030, Maharashtra, India |
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Tel. No.: |
91-22-40732121 |
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Fax No.: |
91-22-24953981 |
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Stores : |
Located At: · Mumbai · Delhi · Pune · Chennai · Lucknow · Patna · Jaipur · Gurgaon · Noida · Nashik |
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Warehouse : |
Located At: · Bhiwandi, Mumbai, Maharashtra, India |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Samit Pramod Gupta |
|
Designation : |
Director |
|
Address : |
34, Dewan Villa, Behind Aurora Cinema, King Circle, Matunga, Mumbai -
400019, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1976 |
|
Qualification |
Bachelor of Engineering |
|
Experience |
16 Years |
|
Date of Appointment : |
18.03.2011 |
|
DIN No.: |
00454977 |
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|
Name : |
Mrs. Shwetal Gupta |
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Designation : |
Director |
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Address : |
34, Dewan Villa, Behind Aurora Cinema, King Circle, Matunga, Mumbai -
400019, Maharashtra, India |
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Date of Birth/Age : |
16.05.1974 |
|
Date of Appointment : |
18.03.2011 |
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DIN No.: |
01326329 |
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Name : |
Ms. Veena Pramod Gupta |
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Designation : |
Director |
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Address : |
34, Dewan Villa, Behind Aurora Cinema, King Circle, Matunga, Mumbai -
400019, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1951 |
|
Date of Appointment : |
18.03.2011 |
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DIN: |
00453564 |
KEY EXECUTIVES
|
Name : |
Mr. Ganesh |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Samit Pramod Gupta |
150000 |
75.00 |
|
Shwetal Gupta |
25000 |
12.50 |
|
Veena Pramod Gupta |
25000 |
12.50 |
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|
|
|
|
Total |
200000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Distributor of Nutritional and Health Food
Supplements. |
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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 Applicable |
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Imports : |
Not Applicable |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
CITI BANK N. A., First International Financial Centre, 9 th Floor, Plot No.C-54, C-55, G-Block, BKC, Bandra, Mumbai - 400051, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
R.K. Khanna And Associates Chartered Accountants |
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Address : |
402, Regent Chambers, Nariman Point, Mumbai – 400021, Maharashtra,
India |
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Tel. No.: |
91-22-22833590/ 22834262/ 22835314 |
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Fax No.: |
91-22-22853302 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AADFR9496A |
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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 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 Millions |
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|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 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 |
20.000 |
20.000 |
0.100 |
|
(b) Reserves & Surplus |
120.815 |
69.411 |
59.931 |
|
(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) |
140.815 |
89.411 |
60.031 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
147.396 |
133.549 |
117.339 |
|
(b) Deferred tax liabilities (Net) |
4.504 |
(0.122) |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
151.900 |
133.427 |
117.339 |
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|
|
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(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
123.364 |
50.618 |
51.951 |
|
(b)
Trade payables |
0.037 |
0.000 |
0.439 |
|
(c)
Other current liabilities |
44.549 |
52.577 |
43.571 |
|
(d)
Short-term provisions |
65.513 |
45.389 |
28.979 |
|
Total
Current Liabilities (4) |
233.463 |
148.584 |
124.940 |
|
|
|
|
|
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TOTAL |
526.178 |
371.422 |
302.310 |
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
7.915 |
6.800 |
6.286 |
|
(ii)
Intangible Assets |
3.440 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.102 |
|
(d) Long-term Loan
and Advances |
65.724 |
78.716 |
85.719 |
|
(e)
Other Non-current assets |
0.018 |
0.035 |
0.052 |
|
Total
Non-Current Assets |
77.097 |
85.551 |
92.159 |
|
|
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
88.918 |
72.848 |
72.308 |
|
(c)
Trade receivables |
32.857 |
19.503 |
30.823 |
|
(d)
Cash and cash equivalents |
89.319 |
67.735 |
15.064 |
|
(e)
Short-term loans and advances |
224.154 |
123.424 |
90.898 |
|
(f)
Other current assets |
13.833 |
2.361 |
1.058 |
|
Total
Current Assets |
449.081 |
285.871 |
210.151 |
|
|
|
|
|
|
TOTAL |
526.178 |
371.422 |
302.310 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
737.799 |
487.185 |
547.314 |
|
|
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Other income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
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|
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|
EXPENSES |
NA |
NA |
NA
|
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|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
99.823 |
67.320 |
106.618 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.604 |
19.863 |
16.159 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
78.219 |
47.457 |
90.459 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.090 |
1.522 |
1.708 |
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|
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|
PROFIT/ (LOSS)
BEFORE TAX |
76.129 |
45.935 |
88.751 |
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|
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|
Less |
TAX |
24.725 |
16.396 |
28.796 |
|
|
|
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|
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|
PROFIT/ (LOSS)
AFTER TAX |
51.404 |
29.539 |
59.955 |
|
|
|
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|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
257.02 |
147.70 |
299.78 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.47 |
12.37 |
29.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.54 |
0.51 |
1.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.92 |
2.06 |
2.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.92 |
1.92 |
1.68 |
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 |
0.100 |
20.000 |
20.000 |
|
Reserves & Surplus |
59.931 |
69.411 |
120.815 |
|
Net worth |
60.031 |
89.411 |
140.815 |
|
|
|
|
|
|
long-term borrowings |
117.339 |
133.549 |
147.396 |
|
Short term borrowings |
51.951 |
50.618 |
123.364 |
|
Total borrowings |
169.290 |
184.167 |
270.760 |
|
Debt/Equity ratio |
2.820 |
2.060 |
1.923 |
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) |
|
Turnover |
547.314 |
487.185 |
737.799 |
|
|
|
(10.986) |
51.441 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Turnover |
547.314 |
487.185 |
737.799 |
|
Profit |
59.955 |
29.539 |
51.404 |
|
|
10.95% |
6.06% |
6.97% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
|
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 |
Yes |
|
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 |
No |
|
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 |
OPERATIONS:
The turnover of the Company during the year increased to Rs. 737.799 Millions from Rs. 487.184 Million last year. As a result, the profit before tax of the Company increased to Rs.76.128 Million as against Rs.45.934 Million last year.
UNSECURED LOANS
|
Particular |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Unsecured Loans
From Shareholders |
135.000 |
122.500 |
|
Unsecured Loans
From Related Parties |
12.396 |
11.049 |
|
|
|
|
|
Total |
147.396 |
133.549 |
CONTINGENT
LIABILITIES (31.03.2014)
· Contingent Liabilities in respect of guarantees given on behalf of the company by Citibank, Fort Branch, in favor of The President of India through Commissioner of Customs, Jawahar Customs House, Nhava Shevaas at 31st March 2014, amount to Rs. 67.964 Millions
· The Company claims that custom duty applicable to their products is based on its classification under" HS Code 04041010", while the Customs Department contends that the duty applicable is based on classification under" HS Code 21061000". Part of the additional duty demanded by the Customs Department based on their contention has been paid by the company is disclosed as" Revenue Deposit with Customs Authorities" under Short Term Loans and Advances.
CHANGE OF NAME:
The Board at their meeting held on 19th March, 2014 the change of name of the Company. The recommended change was approved at an Extra Ordinary General Meeting convened on 10th June, 2014. The shareholders also gave their consent for consequential alterations in the Memorandum and Articles of Association of your Company.
On fulfilling the statutory requirements, the name of your Company stood changed from Neulife Systems Private Limited to Neuvera Wellness Ventures Private Limited, with effect, with effect 24th July, 2014.
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10334933 |
06/12/2013 * |
110,000,000.00 |
CITIBANK N. A. |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH
FLOOR,, |
B94548260 |
*Date of charge modification
FIXED ASSETS:
·
Furniture
and Fixtures
·
Electrical
fittings
·
Labellar
Machine
·
3D
Hologram Cylinder
·
Television
·
Telephone
Appartus
·
Mobile
Phone
·
Fax
Machine
·
Air
Conditioner
·
Water
Purifier
·
Kaff-Lab
Heating Range
·
Multimedia
Projector
·
Digital
Camera
·
Office
Equipments
·
DVD
Player
·
Strapping
Machine
·
Security
System
·
Motor
Vehicle
· Computers
· 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 exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.75.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.