MIRA INFORM REPORT
|
Report No. : |
305485 |
|
Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BAJAJ HEALTH CARE LIMITED
(w.e.f. 31.03.2005) |
|
|
|
|
Formerly Known
As : |
BAJAJ HEALTH CARE PRIVATE
LIMITED |
|
|
|
|
Registered Office
: |
N-216, 217 and 128, MIDC, Tarapur, Boisar, District Thane – 401 506,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.07.1993 |
|
|
|
|
Com. Reg. No.: |
11-72892 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 37.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1993PLC072892 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB05906F / MUMB11908B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB0103B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Amino Acid, Nutritional Supplements and
Active Pharmaceutical Ingredients. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established Public Limited Liability company having a
moderate track record. As per registrar of companies the date of balance sheet i.e. financial
filed is shown as 31st March, 2014 but the documents related to
the year 2014 are not available from any sources. Management remains non-co-operative. However, as per available information as per details of financials for
the year 2012-13 the company has incurred losses. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. The company can be considered for business dealings with some caution.
|
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 DENIED BY
|
Name : |
Mr. Rupesh |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-40177400 |
|
Date : |
29.01.2015 |
LOCATIONS
|
Registered Office / Factory 1 : |
N-216, 217 and 128, MIDC, Tarapur, Boisar, District Thane – 401 506,
Maharashtra, India |
|
Tel. No.: |
91-2525-279589 / 271025 |
|
Fax No.: |
91-2525-271012 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Block No. 588, Savli - Karachia Road, Taluka Savli, District Vadodara, Gujarat, India |
|
Tel. No.: |
91-2667-222200 / 222337 / 222890 |
|
Fax No.: |
91-2667-222889 |
|
|
|
|
Corporate Office : |
202-204, Faiz - E - Qutbi, 375, Narshi Natha Street, Mumbai – 400 009, Maharashtra, India |
|
Tel. No.: |
91-22-40177400 / 477 / 01 / 02 |
|
Fax No.: |
91-22-23450481 / 23410863 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sajankumar Rameshwarlal Bajaj |
|
Designation : |
Managing Director |
|
Address : |
306, Yogi Tower, Yogi Nagar, Borivali, Mumbai – 400 091, Maharashtra,
India |
|
Date of Birth/Age : |
09.11.1959 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
ADOPB0559Q |
|
DIN No.: |
00225950 |
|
|
|
|
Name : |
Mr. Anil Champalal Jain |
|
Designation : |
Whole Time Director |
|
Address : |
1401 / 1402, Shankeshwar
Darshan, Sheth Motisha Lane, Mazgaon, Mumbai - 400 010, Maharashtra, India |
|
Date of Birth/Age : |
07.10.1974 |
|
Qualification : |
D. Pharmacy |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
ADYPJ 70000Q |
|
DIN No.: |
00226137 |
|
|
|
|
Name : |
Mr. Dhananjay Sabaji Halte |
|
Designation : |
Whole Time Director |
|
Address : |
C-304, Rajdharm,
Kopar Road, Dombivli (West), Thane – 421 202, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1971 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
AADPH3173N |
|
DIN No.: |
00226390 |
|
|
|
|
Name : |
Mrs. Namrata Sajankumar Bajaj |
|
Designation : |
Director |
|
Address : |
306/3 Yogi Tower, Yogi Nagar Borivali (West), Mumbai – 400091, Maharashtra, India |
|
Date of Appointment : |
11.01.2013 |
|
DIN No.: |
05327071 |
KEY EXECUTIVES
|
Name : |
Mr. Rupesh |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Babita S. Bajaj |
180000 |
|
Sajankumar R Bajaj |
1062000 |
|
S R K Bajaj HUF |
180000 |
|
Namrata S. Bajaj |
189000 |
|
Nihita S. Bajaj |
189000 |
|
Anil C Jain |
164000 |
|
Padma A Jain |
36000 |
|
Jyoti Food Stuff Limited, India |
90000 |
|
Elpee Corporate Services Private Limited, India |
48000 |
|
Priority Traders Private Limited, India |
40000 |
|
Shalimar Bansal Realtors Private Limited, India |
72000 |
|
|
|
|
Total |
2250000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Bansal Pharma Limited, India |
200000 |
|
Bajaj Health and Nutritions (Private) Limited |
800000 |
|
Jagodia Textiles Mills Private Limited, India |
200000 |
|
First Stock and Bond Trading Company Private Limited, India |
100000 |
|
Michigan Traders Private Limited
|
100000 |
|
Star Bio Source Private Limited |
100000 |
|
|
|
|
Total |
1500000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
11.11 |
|
Directors or relatives of Directors |
88.89 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Amino Acid, Nutritional Supplements and
Active Pharmaceutical Ingredients. |
||||
|
|
|
||||
|
Products : |
·
Nutritional Supplement ·
Amino Acids ·
Chlorhexidine Products ·
Minerals and nutritional Suppements ·
Anti Convulsant ·
Anti Asthamatics · Directly Compressible Grade Materials |
||||
|
|
|
||||
|
Exports : |
-- |
||||
|
|
|
||||
|
Imports : |
-- |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
-- |
||||
|
|
|
||||
|
Purchasing : |
-- |
GENERAL INFORMATION
|
Suppliers : |
-- |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Citibank N.A., Trent House, 2nd Floor,
G Block, Plot No. C60, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051,
Maharashtra, India ·
The Saraswat Co-Operative Bank Limited, SME,
Nariman point Branch, Mittal Court, a – Wing, 1st floor, Nariman
Point, Mumbai – 400021, Maharashtra, India · ICICI Bank Limited ·
HDFC Bank, Mumbai, Maharashtra, India · The Hongkong and Shanghai Banking Corporation Limited (HSBC) acting as Security Trustee Plot No. 139-140 B, Western Express Highway, Sahar Road Junction, Vile Parle East,, Mumbai - 400057, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Paresh Rakesh and Associates Chartered Accountants |
|
Address : |
C-703, Prithvi Palace, Link Road, Kandarpada, Dahisar (West), Mumbai –
400 068, Maharashtra, India |
|
PAN
No: |
AAEFP0718Q |
|
|
|
|
Other related party : |
Bajaj Health And Nutritions Private Limited, India CIN: U24239mh1999ptc122844 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
2000000 |
Preference Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs. 22.500 Millions |
|
1500000 |
Preference Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 37.500
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
37.500 |
37.500 |
37.500 |
|
(b) Reserves & Surplus |
254.505 |
265.063 |
263.989 |
|
(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) |
292.005 |
302.563 |
301.489 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
170.799 |
174.268 |
120.145 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
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) |
170.799 |
174.268 |
120.145 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
465.722 |
354.596 |
295.677 |
|
(b) Trade
payables |
195.133 |
186.328 |
166.678 |
|
(c) Other
current liabilities |
146.280 |
157.007 |
117.548 |
|
(d) Short-term
provisions |
37.500 |
37.500 |
70.700 |
|
Total Current
Liabilities (4) |
844.635 |
735.431 |
650.603 |
|
|
|
|
|
|
TOTAL |
1307.439 |
1212.262 |
1072.237 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
541.073 |
460.045 |
345.047 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
46.881 |
126.581 |
152.038 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.031 |
0.031 |
0.031 |
|
(c) Deferred tax assets (net) |
6.993 |
2.232 |
2.743 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
594.978 |
588.889 |
499.859 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
162.516 |
178.306 |
197.593 |
|
(c) Trade
receivables |
445.796 |
347.286 |
259.666 |
|
(d) Cash
and cash equivalents |
1.304 |
5.476 |
1.152 |
|
(e)
Short-term loans and advances |
102.845 |
92.305 |
113.967 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
712.461 |
623.373 |
572.378 |
|
|
|
|
|
|
TOTAL |
1307.439 |
1212.262 |
1072.237 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1707.786 |
1415.005 |
1198.605 |
|
|
|
Other Income |
(22.119) |
(17.952) |
12.302 |
|
|
|
TOTAL (A) |
1685.667 |
1397.053 |
1210.907 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1372.242 |
1101.119 |
987.614 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
21.358 |
25.660 |
-67.674 |
|
|
|
Employee benefit expense |
109.100 |
100.009 |
88.756 |
|
|
|
Other expenses |
60.355 |
63.303 |
53.784 |
|
|
|
TOTAL (B) |
1563.055 |
1290.091 |
1062.480 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
122.612 |
106.962 |
148.427 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
56.860 |
40.369 |
42.099 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
65.752 |
66.593 |
106.328 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
81.071 |
56.081 |
47.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(15.319) |
10.512 |
59.220 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.558 |
6.959 |
16.598 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(10.558) |
3.553 |
42.622 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
583.011 |
454.026 |
NA |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORT |
615.056 |
522.321 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(4.69) |
2.37 |
18.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
(0.62) |
0.25 |
3.56 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.18 |
7.56 |
12.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.22) |
0.97 |
6.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05) |
0.03 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.18 |
1.75 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84 |
0.85 |
0.88 |
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 |
37.500 |
37.500 |
37.500 |
|
Reserves & Surplus |
263.989 |
265.063 |
254.505 |
|
Net
worth |
301.489 |
302.563 |
292.005 |
|
|
|
|
|
|
long-term borrowings |
120.145 |
174.268 |
170.799 |
|
Short term borrowings |
295.677 |
354.596 |
465.722 |
|
Total
borrowings |
415.822 |
528.864 |
636.521 |
|
Debt/Equity
ratio |
1.379 |
1.748 |
2.180 |
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 |
1198.605 |
1415.005 |
1707.786 |
|
|
|
18.054 |
20.691 |
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
|
1198.605 |
1415.005 |
1707.786 |
|
Profit |
42.622 |
3.553 |
(10.558) |
|
|
3.56% |
0.25% |
(0.62%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
(Rs.
In Millions)
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
64.968 |
78.730 |
NA
|
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
OPERATIONS REVIEW:
The Company’s turnover for the year grew by 21% to Rs. 1709.661 Millions as compared to last year Rs.1415.005 Millions, which includes the Domestic turnover of Rs. 1051.783 v as compared to last year Domestic turnover of Rs. 938.144 Millions and the Export turnover of Rs. 657.878 Millions as compared to last year’s Export turnover of Rs. 476.861 Millions.
Depreciation for the year was Rs. 81.071 Millions compared to Rs. 56.081 Millions in F.Y. 2011-12. The Directors are quite hopeful that company would be able to achieve better results during the current year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Deferred sales tax loan |
1.531 |
1.917 |
|
Deposits |
8.978 |
9.832 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
81.146 |
48.195 |
|
Loans and advances from related parties |
11.216 |
20.970 |
|
|
|
|
|
Total |
102.871 |
80.914 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10315143 |
11/10/2011 |
3,000,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMI |
PLOT NO. 139-140
B, WESTERN EXPRESS HIGHWAY, SAHAR ROAD JUNCTION, VILE PARLE EAST, MUMBAI,
MAHARA SHTRA - 400057, INDIA |
B24337453 |
|
2 |
10291726 |
14/05/2011 |
744,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
LAXMAN ZULLA,
1ST FLOOR , 50, RANADE ROAD, DADAR, |
B14794697 |
|
3 |
10279424 |
21/02/2011 |
583,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
LAXMAN ZULLA,
1ST FLOOR ,50, RANADE ROAD, DADAR, |
B10320281 |
|
4 |
10256921 |
12/10/2010 |
1,009,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR
BRANCH, LAXMAN ZULLA, 1ST FLOOR, 50, |
A99023376 |
|
5 |
10256922 |
08/10/2010 |
743,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR
BRANCH, LAXMAN ZULLA, 1ST FLOOR, 50, |
A99018400 |
|
6 |
10256920 |
08/10/2010 |
797,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR
BRANCH, LAXMAN ZULLA, 1ST FLOOR, 50, |
A99019002 |
|
7 |
10256923 |
06/10/2010 |
991,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR BRANCH,
LAXMAN ZULLA, 1ST FLOOR, 50, |
A99021016 |
FIXED ASSETS
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Motor vehicles
·
Computer equipment’s
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.61.76 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
32 |
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.