MIRA INFORM REPORT
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Report No. : |
305184 |
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Report Date : |
29.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALPHA-PHARMA HEALTHCARE INDIA PRIVATE LIMITED |
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Registered
Office : |
B - 205, Universal Business Park, Off Saki Vihar Road, Chandivali, Andheri (East), Mumbai - 400072, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
20.12.2005 |
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Com. Reg. No.: |
11-234083 |
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Capital
Investment / Paid-up Capital : |
Rs.196.125 Millions |
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CIN No.: [Company Identification
No.] |
U24231MH2005PTC234083 |
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PAN No.: [Permanent Account No.] |
AAFCA6695R |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Pharmaceutical Products. |
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No. of Employees
: |
Not Available [We tried to
confirm the number of employees but no one is ready to part any information
from the company management] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 786000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. As per Registrar of companies the date of balance sheet i.e. financials filed is shown as 31st March, 2014 but the documents related to the financials for the year 2014 are not available from any sources. As per available financial of 2013, Reserves of the company seems to be low. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some cautions. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Ravi |
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Designation : |
Accountant |
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Contact No.: |
91-22-42911000 |
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Date : |
28.01.2015 |
LOCATIONS
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Registered Office : |
B - 205, Universal Business Park, Off Saki Vihar Road,
Chandivali, Andheri (East), Mumbai - 400072, Maharashtra,
India |
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Tel. No.: |
91-22-42911000 |
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Mobile No.: |
91-9769664422 (Mr. Rajeev Pithadia) |
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Fax No.: |
91-22-42911001 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 30.09.2014
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Name : |
Mr. Jacob Sporon Fiedler |
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Designation : |
Director |
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Address : |
Livornovej 9, Copenhagen S, Denmark - 2300 |
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Date of Birth : |
22.08.1981 |
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Date of Appointment : |
20.12.2005 |
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DIN No.: |
01660842 |
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Other
Directorship :
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Name : |
Sherly Justine |
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Designation : |
Director |
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Address : |
Flat No. H-401, 4th Floor, Yashparadise, Sector No.8-A,
Airoli, Navi Mumbai – 400708, Maharashtra, India |
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Date of Birth/Age : |
01.02.1969 |
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Date of Appointment : |
28.09.2011 |
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DIN No.: |
03477901 |
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Deepika Jaiprakash Jaiswal |
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Designation : |
Secretary |
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Address : |
204, 2nd Floor, Vikas Apartments, Sainath Nagar, Vs Road,
Virar (East), Thane – 401303, Maharashtra, India |
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Date of Birth/Age : |
21.05.1988 |
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Date of Appointment : |
15.06.2012 |
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Date of Cessation : |
09.12.2013 |
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Pan No. : |
AKWPJ7095E |
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Name : |
Jayesh Chandrakant Awati |
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Designation : |
Secretary |
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Address : |
Babaji Chwl, Ram Mandir, Veer Kotwal Chowk, Kala Talao, Kalyan (West),
Thane – 421301, Maharashtra, India |
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Date of Birth/Age : |
13.12.1988 |
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Date of Appointment : |
09.12.2013 |
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Pan No. : |
AUDPA7536Q |
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Name : |
Mr. Ravi |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
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No. of Shares |
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Sporon-Fiedler Jacob, Denmark |
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49164 |
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Alpha Pharma Group Limited, Seychelles |
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39769269 |
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Total |
|
39818433 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Pharmaceutical Products. |
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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 : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Not Available [We tried to
confirm the number of employees but no one is ready to part any information
from the company management] |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Borkar and Shenoy Chartered Accountants |
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Address : |
8, National CHS Limited, Behind Bus Depot, Sector – 3, Airoli, Navi Mumbai - 400708, Maharashtra, India |
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PAN.: |
AADFB6915E |
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Holding Company : |
Alpha-Pharma Group Limited |
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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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CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised
Capital : Rs.600.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.496.363 Millions
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
39818433 |
Equity Shares |
Rs.10/- each |
Rs.398.184
Millions |
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AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1,96,12,523 |
Equity Shares |
Rs.10/- each |
Rs.196.125
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
196.125 |
65.681 |
30.092 |
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(b) Reserves &
Surplus |
22.835 |
15.524 |
-8.277 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
55.847 |
18.627 |
4.649 |
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Total Shareholders’ Funds
(1) + (2) |
274.807 |
99.832 |
26.464 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.721 |
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(c) Other long term
liabilities |
0.317 |
2.309 |
4.327 |
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(d) long-term provisions |
8.460 |
5.660 |
0.040 |
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Total Non-current
Liabilities (3) |
8.777 |
7.969 |
5.088 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
27.886 |
13.680 |
5.398 |
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(c) Other current
liabilities |
17.704 |
7.086 |
8.232 |
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(d) Short-term provisions |
1.203 |
0.914 |
0.856 |
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Total Current Liabilities
(4) |
46.793 |
21.680 |
14.486 |
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TOTAL |
330.377 |
129.481 |
46.038 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
43.456 |
39.973 |
30.166 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
115.013 |
0.000 |
0.000 |
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(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
4.090 |
4.547 |
0.000 |
|
(d) Long-term Loan and Advances |
30.005 |
8.531 |
2.347 |
|
(e) Other Non-current
assets |
3.099 |
0.971 |
5.201 |
|
Total Non-Current Assets |
195.663 |
54.022 |
37.714 |
|
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(2) Current assets |
|
|
|
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
38.529 |
18.021 |
4.994 |
|
(c) Trade receivables |
64.397 |
28.469 |
0.325 |
|
(d) Cash and cash
equivalents |
31.469 |
26.657 |
2.787 |
|
(e) Short-term loans and
advances |
0.304 |
2.312 |
0.218 |
|
(f) Other current assets |
0.015 |
0.000 |
0.000 |
|
Total Current Assets |
134.714 |
75.459 |
8.324 |
|
|
|
|
|
|
TOTAL |
330.377 |
129.481 |
46.038 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
227.163 |
140.950 |
49.520 |
|
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Other Income |
|
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TOTAL |
227.163 |
140.950 |
49.520 |
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Less |
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Office Expenses |
|
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Administrative Expenses |
213.587 |
114.153 |
46.136 |
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Advertising Expenses |
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TOTAL |
213.587 |
114.153 |
46.136 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.576 |
26.797 |
3.384 |
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.008 |
2.643 |
2.420 |
|
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|
PROFIT / (LOSS)
BEFORE TAX |
10.568 |
24.154 |
0.964 |
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Less |
TAX |
3.258 |
0.353 |
0.436 |
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PROFIT / (LOSS)
AFTER TAX |
7.310 |
23.801 |
0.528 |
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15.525 |
(8.276) |
(8.804) |
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|
BALANCE / (LOSS)
CARRIED TO THE B/S |
22.835 |
15.525 |
(8.276) |
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
126.995 |
45.657 |
|
|
TOTAL EARNINGS |
NA |
126.995 |
45.657 |
|
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|
|
|
|
|
|
Earnings /
(LOSS) Per Share (Rs.) |
0.37 |
2.88 |
(0.18) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin |
(%) |
3.22 |
16.89 |
1.07 |
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Operating Profit Margin |
|
5.98 |
19.01 |
6.83 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
5.00 |
19.33 |
2.09 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.24 |
0.04 |
|
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|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
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|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.88 |
3.48 |
0.57 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
30.092 |
65.681 |
196.125 |
|
Reserves & Surplus |
-8.277 |
15.524 |
22.835 |
|
Share Application money pending allotment |
4.649 |
18.627 |
55.847 |
|
Net worth |
26.464 |
99.832 |
274.807 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
49.520 |
140.950 |
227.163 |
|
|
|
184.632 |
61.166 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
49.520 |
140.950 |
227.163 |
|
Profit |
0.528 |
23.801 |
7.310 |
|
|
1.07% |
16.89% |
3.22% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
No |
|
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 |
NOTE:
The registered office of the company has been shifted from C-68, Neetri Bagh, 2nd Floor, New Delhi-49, India to present address w.e.f. 30.07.2012.
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
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.61.41 |
|
|
1 |
Rs.93.18 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--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.