MIRA INFORM REPORT
|
Report No. : |
334147 |
|
Report Date : |
28.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPREEM PHARMACEUTICALS MYSORE PRIVATE LIMITED (w.e.f. 24.11.2006) |
|
|
|
|
Formerly Known
As : |
CANDOR
LABS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
435, Double Road, Kuvempunagar, Mysore – 570 009, Karnataka |
|
Tel. No.: |
91-821-4280036 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
16.08.1996 |
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|
|
|
Com. Reg. No.: |
08-020988 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.855
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231KA1996PTC020988 |
|
|
|
|
IEC No.: |
0701009926 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCC9895R |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged
in the business of manufacturing and trading of Pharmaceuticals Items. |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject was
incorporated on 16th August 1996, and is established company
having satisfactory track record. The rating factor
in year on year increase in sales of the company over past years, its
established track record, experienced management team, sound financial risk
profile and revenue marked by its moderate networth and moderate debt
coverage indicators. Trade relations
are fair. Business is active. Payment terms are reported to be usually
correct. In view of the
company’s established track record backed by experienced promoters, the
company can be considered 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Rajesh |
|
Designation : |
Accounts Officer |
|
Contact No.: |
91-8221-224480 |
|
Date : |
27.07.2015 |
LOCATIONS
|
Registered Office : |
435, Double Road, Kuvempunagar, Mysore – 570 009, Karnataka, India |
|
Tel. No.: |
91-821-4280036/ 2544026 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Factory : |
# 73, 74 and
48P-1, KIADB Industrial Area, Nanjangud – 571 302, Karnataka, India |
|
Tel. No.: |
91-8221-224478-84 |
|
Fax No.: |
91-8221-224484 |
|
|
|
|
Marketing Office : |
# 1A, 24-Ashraya Apartments, 5th Cross, Ganesha
Block, Sultanpalaya, RT Nagar Post, Bangalore – 560 032, Karnataka, India |
|
Tel. No.: |
91-80-23655026 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr.
Sadanand Nagaraja Rao |
|
Designation : |
Managing
Director |
|
Address : |
435,
Anand, Double Road, Kuvempunagar, Mysore – 570 002, Karnataka, India |
|
Date of Appointment : |
16.08.1996 |
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DIN No.: |
00390316 |
|
|
|
|
Name : |
Mrs.
Geetha Sadananda Nagaraja Rao |
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Designation : |
Director |
|
Address : |
No.435,
'Anand' Double Road, Kuvempunagar, Mysore – 570 009, Karnataka, India |
|
Date of Birth/Age : |
18.04.1955 |
|
Date of Appointment : |
22.01.2008 |
|
DIN No.: |
01970187 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
Accounts Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
S.N. Rao |
|
1635164 |
|
S. Mohan Rao |
|
10 |
|
Jagadish Chinnappa |
|
2510 |
|
Anuradh Ramesh |
|
100 |
|
D.V. Gopinath |
|
50100 |
|
Kshipra
M. Gharpure |
|
100 |
|
K.S. Nagendra |
|
100 |
|
Ravi Vishwanatha |
|
100 |
|
Shanthanu M. Gharpure |
|
100 |
|
Suhas R. |
|
50 |
|
Supriya Bhounsule |
|
100 |
|
V.M. Aravind |
|
100 |
|
V.M. Harini |
|
100 |
|
V. Nagarathna |
|
100 |
|
Madhavi Jagadish |
|
1000 |
|
G. J. Bhounsule |
|
1000 |
|
Praneesh S. |
|
20000 |
|
Sudha Prasad |
|
1000 |
|
V.R. Murali |
|
500 |
|
Geetha M. Rao |
|
7500 |
|
Geetha S. Rao |
|
8500 |
|
H. Kalavathi |
|
1800 |
|
Makrand P. Gharpure |
|
1500 |
|
T. Shankar Shana |
|
500 |
|
Adithaya S. Rao |
|
2500 |
|
Saroja Rao |
|
1000 |
|
Vasantha Avadhani |
|
50000 |
|
Total |
|
1785534 |
AS ON 08.06.2015
|
Names of Allottees |
|
No. of Shares |
|
Sadanand
Nagaraja Rao |
|
120000 |
|
Mohan Srinivasa Rao |
|
50000 |
|
Geetha Sadananda Rao |
|
10000 |
|
Adithya Sadananda
Rao |
|
10000 |
|
Amit Sadananda
Rao |
|
10000 |
|
Kalavathi Huchaiah |
|
10000 |
|
Shobha Krishnappa Vokaliga |
|
10000 |
|
Shankara |
|
5000 |
|
Aruna Jagadish |
|
20000 |
|
Kanyakumari Kumbar Thippeswamy |
|
5000 |
|
Pavithra Krishnappa |
|
1111 |
|
Shankar Balavinyagamurthy |
|
2222 |
|
Vijayalakshmi |
|
3333 |
|
Vivek Trivedi |
|
1111 |
|
Total |
|
257777 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged
in the business of manufacturing and trading of Pharmaceuticals Items. |
|
|
|
|
Products : |
·
Bulk Stabilized Vitamins ·
Minerals · Nutraceuticals |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit (30/ 60/ 90 days) |
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Purchasing : |
Cash and Credit (30/ 60/ 90 days)
|
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Bheru Enterprises · Business Links · Calibre Industries · Cona Chemicals Private Limited · CV Tropical Indo Prathama · Euro Tech Pack · Fermenta Biotech · Gandhi Chemicals · Gem Corporation Private Limited · Haresh Oveta · Hindustan Phospates Private Limited · Jiangsu Tohope Pharmaceuticals Company Limited · Karnataka Chemical Industries ·
Kenko Corporation |
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Customers : |
End Users and OEM’s
· Fourrts India Lab Private Limited · Safetab Life Science · Stedman Pharmaceuticals Private Limited · Aglowmed Limited · Ajanta Pharma Limited - Chitegaon · ajantha pharma Limited · Alembic Limited - P& B Pharmaceuticals · Alembic Pharmaceuticals · Alembic Pharmaceuticals Limited-Khambhat · Alkem Laboratories Limited-Sikkim · Bajaj Healthcare – Vadodara · BDH Industries Limited · Centaur Pharmaceuticals Private Limited · Cipla Limited-Goa · Cipla Limited, Indore · coral laboratories Limited - Daman · Creative Health Care Private Limited · Cure Medicines · Dupen Lab Private Limited · Eisen Pharmaceuticals Company Private Limited · Emcure Pharma-Jammu |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
·
ICICI Bank Limited ·
Kotak Mahindra Bank Limited ·
Axis Bank Limited |
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Facilities : |
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Financial Institutions : |
Karnataka
State Financial Corporation, No.13 and 13/1, 8th Cross,
Saraswathipuram, Mysore – 570 009, Karnataka, India |
|
|
|
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Auditors : |
|
|
Name : |
Srinivasa Murthy and Company Chartered Accountants |
|
Address : |
No.552, 522/2 and 646, 1st Floor, Balaji Building, Gadi
Lakanna Lane, D.D. Urs Road, Mysore – 570 001, Karnataka, India |
|
Tel. No.: |
91-821-2424616 |
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Income-tax
PAN of auditor or auditor's firm : |
ALSPS3564F |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
Rs.30.000 million
Issued, Subscribed & Paid-up Capital : Rs.22.462 million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1785534 |
Equity Shares |
Rs.10/- each |
Rs.17.855
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
17.855 |
17.855 |
17.855 |
|
(b) Reserves &
Surplus |
24.118 |
18.271 |
11.608 |
|
(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) |
41.973 |
36.126 |
29.463 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
46.110 |
24.487 |
33.565 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
8.828 |
8.905 |
8.023 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
54.938 |
33.392 |
41.588 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
67.740 |
34.672 |
29.650 |
|
(c) Other current
liabilities |
47.433 |
44.146 |
36.929 |
|
(d) Short-term provisions |
4.063 |
5.061 |
3.158 |
|
Total Current Liabilities
(4) |
119.236 |
83.879 |
69.737 |
|
|
|
|
|
|
TOTAL |
216.147 |
153.397 |
140.788 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
75.089 |
54.852 |
59.958 |
|
(ii) Intangible Assets |
0.000 |
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 |
1.028 |
1.028 |
1.028 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.685 |
6.316 |
6.102 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
78.802 |
62.196 |
67.088 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
24.251 |
10.948 |
13.022 |
|
(c) Trade receivables |
91.761 |
64.981 |
47.950 |
|
(d) Cash and cash
equivalents |
1.330 |
0.820 |
0.630 |
|
(e) Short-term loans and
advances |
7.025 |
5.009 |
4.994 |
|
(f) Other current assets |
12.978 |
9.443 |
7.104 |
|
Total Current Assets |
137.345 |
91.201 |
73.700 |
|
|
|
|
|
|
TOTAL |
216.147 |
153.397 |
140.788 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
324.585 |
228.390 |
171.014 |
|
|
|
Other Income |
5.802 |
3.797 |
2.528 |
|
|
|
TOTAL |
330.387 |
232.187 |
173.542 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/
Decrease in Finished Goods |
(5.487) |
4.202 |
(0.959) |
|
|
|
Cost
of Material Consumed |
244.791 |
157.376 |
116.961 |
|
|
|
Manufacturing
Expenses |
28.888 |
20.621 |
15.432 |
|
|
|
Office
& Administration Charges |
15.536 |
12.501 |
12.147 |
|
|
|
Human
Resources Expenses |
6.634 |
4.694 |
3.943 |
|
|
|
Selling
& Distribution Charges |
9.602 |
5.740 |
5.329 |
|
|
|
TOTAL |
299.964 |
205.134 |
152.853 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
30.423 |
27.053 |
20.689 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST & FINANCIAL CHARGES |
13.014 |
10.874 |
10.805 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.409 |
16.179 |
9.884 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.623 |
7.458 |
8.392 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
8.786 |
8.721 |
1.492 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.667 |
1.620 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
6.119 |
7.101 |
1.492 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
37.862 |
28.307 |
15.171 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
3.43 |
3.98 |
0.84 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
349.600 |
|
|
|
|
|
The above information has been parted by Mr. Rajesh (Accounts Officer).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
NA |
NA |
NA |
|
Cash generated from
operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.89 |
3.11 |
0.87 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.37 |
11.85 |
12.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.08 |
5.72 |
1.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.24 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.10 |
0.68 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.09 |
1.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
17.855 |
17.855 |
17.855 |
|
Reserves & Surplus |
11.608 |
18.271 |
24.118 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
29.463 |
36.126 |
41.973 |
|
|
|
|
|
|
Long-term borrowings |
33.565 |
24.487 |
46.110 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
33.565 |
24.487 |
46.110 |
|
Debt/Equity ratio |
1.139 |
0.678 |
1.099 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
171.014 |
228.390 |
324.585 |
|
|
|
33.550 |
42.119 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
171.014 |
228.390 |
324.585 |
|
Profit |
1.492 |
7.101 |
6.119 |
|
|
0.87% |
3.11% |
1.89% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity-Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS
The company has achieved turnover of Rs.335.875 million as against
Rs.227.985 million previous year and has achieved a Net Profit of Rs.6.119
million (after depreciation and tax). In spite of volatile markets and
cutthroat competition, the directors have managed to overcome all the
obstacles, increase the turnover of the company and in keeping company on the
track of profit. Further, Sufficient measures have been taken by the directors
for improving the profitability of the company and are confident of improving
the company’s performance in the coming years.
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10566618 |
04/03/2015 |
20,000,000.00 |
KARNATAKA STATE FINANCIAL
CORPORATION |
NO.13 AND 13/1, 8TH
CROSS, SARASWATHIPURAM, MYSORE – 570 009, KARNATAKA, INDIA |
C52255510 |
|
2 |
10484792 |
15/02/2014 |
7,000,000.00 |
KARNATAKA STATE FINANCIAL
CORPORATION |
# 13 AND 13/1, 8TH CROSS,
SARASWATHIPURAM, MYSORE – 570 009, KARNATAKA, INDIA |
C00481366 |
|
3 |
10453545 |
09/10/2013 |
43,000,000.00 |
KARNATAKA STATE FINANCIAL
CORPORATION |
# 13 AND 13/1, 8TH CROSS,
SARASWATHIPURAM, MYSORE – 570 009, KARNATAKA, INDIA |
B86870698 |
|
4 |
10081897 |
04/03/2013 * |
78,900,000.00 |
STATE BANK OF INDIA |
SME BRANCH, #7/3, MRN
SIGNATURE, VISHWAMANAVA, DOUBLE ROAD, SARASWATHIPURAM, MYSORE – 570 009,
KARNATAKA, INDIA |
B71615611 |
|
5 |
80040389 |
20/09/2002 |
3,525,000.00 |
STATE BANK OF INDIA |
VIVEKANANDA ROAD, MYSORE
– 570 020, KARNATAKA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Furniture and Fixtures
·
Office Equipment
·
Vehicles
·
Plant and machinery -Others
·
Lab Equipments (P/M)
·
Computers - Hardware
Intangible Assets
·
Computers - Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
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.64.00 |
|
UK Pound |
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
44 |
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.