MIRA INFORM REPORT
|
Report No. : |
312279 |
|
Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAKERS PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No 56/A2, 1st Floor, Pantheon Road, Egmore, Chennai – 600008, Tamilnadu |
|
Tel. No.: |
91-44-28582828 / 28582829 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.03.2005 |
|
|
|
|
Com. Reg. No.: |
055683 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51397TN2005PTC055683 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEM08313E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM38334 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of Pharmaceutical Products. |
|
|
|
|
No. of Employees
: |
15 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company engaged in the business as a
distributors of pharmaceutical products having a satisfactory track. The company is progressing well. General financial position of the
company is normal and acceptable for business dealings. 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.
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) DEFAILTERS’ 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
|
Name : |
Mr. Mahendra Kumar |
|
Designation : |
Director |
|
Contact No.: |
91-9840032568 |
|
Date : |
26.05.2015 |
LOCATIONS
|
Registered Office : |
No 56/A2, 1st Floor, Pantheon Road, Egmore, Chennai – 600008, Tamilnadu, India |
|
Tel. No.: |
91-44-28582828 / 28582829 |
|
Mobile No.: |
91-9840032568 (Mr. Mahendra Kumar) |
|
Fax No.: |
91-44-28582830 |
|
E-Mail : |
|
|
Area : |
1650 Sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mahendra Kumar Milapchand Jain |
|
Designation : |
Director |
|
Address : |
Flat No.605, 6th Floor, B Block, Vimallachal Apartments, No.1088 P H Road, Vepery, Chennai - 600007, Tamilnadu, India |
|
Date of Birth/Age : |
15-07-1962 |
|
Qualification : |
B.Com |
|
Experience : |
20 Years |
|
Date of Appointment : |
16.03.2005 |
|
PAN No.: |
AANPM2662B |
|
DIN No.: |
01143798 |
|
|
|
|
Name : |
Veena Jain |
|
Designation : |
Director |
|
Address : |
Flat No.605, 6th Floor, B Block, Vimallachal Apartments, No.1088 P H Road, Vepery, Chennai, 600007, Tamilnadu, India |
|
Date of Birth/Age : |
19-12-1964 |
|
Qualification : |
B.Com |
|
Experience : |
15 Years |
|
Date of Appointment : |
16.03.2005 |
|
PAN No.: |
AAMPV0657N |
|
DIN No.: |
02533268 |
KEY EXECUTIVES
|
Name : |
Mr. Punit Haran |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mahendra Kumar |
10000 |
25.00 |
|
Veena Jain |
10000 |
25.00 |
|
Balsari Holdings Private Limited, India |
5000 |
12.50 |
|
Surendra Plastics Private Limited, India |
10000 |
25.00 |
|
Hotex Merchandise Private Limited, India |
5000 |
12.50 |
|
Total |
40000 |
100.00 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
50.00 |
|
Directors or relatives of Directors |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Pharmaceutical Products. |
|
|
|
|
Products : |
Pharmaceutical Products |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days / 120 days) |
|
|
|
|
Purchasing : |
Credit (30 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
|
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||||||||||||||||||||||
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No. of Employees : |
15 (Approximately) |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
K Mukesh Kumar and Associates Chartered Accountants |
|
Address : |
No.105 Govindappa Naicken Street, Suite No.18, 2nd Floor, Sowcarpet,
Chennai – 600001, Tamilnadu, India |
|
Tel. No.: |
91-44-25360079 / 25394475 |
|
E-Mail : |
|
|
PAN No.: |
AAKPM0347C |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40,000 |
Equity Shares |
Rs.10/- each |
Rs.0.400 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 |
0.400 |
0.400 |
0.400 |
|
(b) Reserves & Surplus |
29.592 |
23.533 |
17.655 |
|
(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) |
29.992 |
23.933 |
18.055 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.120 |
0.092 |
0.092 |
|
(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) |
0.120 |
0.092 |
0.092 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
83.280 |
67.281 |
53.752 |
|
(b) Trade
payables |
11.802 |
10.224 |
16.675 |
|
(c) Other
current liabilities |
6.001 |
4.649 |
7.510 |
|
(d) Short-term
provisions |
2.852 |
2.696 |
2.191 |
|
Total Current
Liabilities (4) |
103.935 |
84.850 |
80.128 |
|
|
|
|
|
|
TOTAL |
134.047 |
108.875 |
98.275 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.727 |
1.607 |
1.835 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(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 |
1.727 |
1.607 |
1.835 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
43.261 |
40.849 |
42.163 |
|
(c) Trade
receivables |
84.256 |
57.236 |
47.169 |
|
(d) Cash
and cash equivalents |
1.122 |
2.907 |
0.544 |
|
(e)
Short-term loans and advances |
3.681 |
6.276 |
6.564 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
132.320 |
107.268 |
96.440 |
|
|
|
|
|
|
TOTAL |
134.047 |
108.875 |
98.275 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
448.710 |
403.330 |
351.717 |
|
|
|
Other Income |
0.010 |
1.406 |
1.404 |
|
|
|
TOTAL (A) |
448.720 |
404.736 |
353.121 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-In-Trade |
407.935 |
361.751 |
329.201 |
|
|
|
Changes in Inventories of Finished Goods Work-In-Progress and
Stock-In-Trade |
(2.412) |
1.314 |
(13.328) |
|
|
|
Employee Expenses |
9.207 |
8.154 |
6.905 |
|
|
|
Others Expenses |
14.886 |
16.837 |
16.376 |
|
|
|
TOTAL (B) |
429.616 |
388.056 |
339.154 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.104 |
16.680 |
13.967 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.634 |
7.681 |
6.541 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.470 |
8.999 |
7.426 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.402 |
0.424 |
0.519 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.068 |
8.575 |
6.907 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.009 |
2.697 |
2.259 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.059 |
5.878 |
4.648 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.15 |
14.69 |
11.62 |
|
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
1.35 |
1.46 |
1.32 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
4.26 |
4.14 |
3.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.76 |
7.88 |
7.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.36 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.78 |
2.81 |
2.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.26 |
1.20 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.400 |
0.400 |
0.400 |
|
Reserves & Surplus |
17.655 |
23.533 |
29.592 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
18.055 |
23.933 |
29.992 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
53.752 |
67.281 |
83.280 |
|
Total borrowings |
53.752 |
67.281 |
83.280 |
|
Debt/Equity ratio |
2.977 |
2.811 |
2.777 |
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) |
|
Sales |
351.717 |
403.330 |
448.710 |
|
|
|
14.675 |
11.251 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
351.717 |
403.330 |
448.710 |
|
Profit |
4.648 |
5.878 |
6.059 |
|
|
1.32% |
1.46% |
1.35% |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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 |
Yes |
|
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) |
No |
|
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 |
-- |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
[RS. IN MILLION]
|
PARTICULARS |
31.03.2014 |
|
|
Income from Business |
|
9.068 |
|
Add: Expenses Disallowed u/s 40 (a)(ia) |
-- |
|
|
Add : Disallowed u/s43B- (VAT Payable) |
-- |
|
|
Add: Donation |
1.025 |
|
|
Add: Income Tax |
-- |
|
|
Add: Depreciation as per Income Tax Act 1961 |
0.402 |
1.427 |
|
Total |
|
10.495 |
|
Less: Depreciation as per Income Tax Act 1961 |
0.336 |
0.336 |
|
|
|
10.159 |
|
Less : Deduction allowable u/s 80-G Donation |
|
0.512 |
|
Taxable Income / (Loss) |
|
9.647 |
|
|
|
|
|
Tax payable on |
|
2.894 |
|
Add : Surcharge @10% |
|
-- |
|
Total |
|
2.894 |
|
Add: Education Cess @2% |
0.058 |
|
|
Add: Secondary and Higher Educational
Cess@1% |
0.029 |
|
|
Add: Interest u/s 234A / B/ C |
-- |
0.087 |
|
Total [A] |
|
2.981 |
|
Income u/s 115JB (MAT) |
|
|
|
Book Profit |
|
9.068 |
|
Tax on Above (15%) |
|
1.360 |
|
Add : Surcharge @10% |
|
-- |
|
|
|
1.360 |
|
Add: Education Cess @2% |
0.027 |
|
|
Add: Secondary and Higher Educational
Cess@1% |
0.014 |
0.041 |
|
Total [B] |
|
1.401 |
|
|
|
|
|
Tax Liability (A or B, whichever is Higher) |
|
2.981 |
|
Less : Advance Tax / Tax Deducted at source |
|
2.851 |
|
Total |
|
0.130 |
|
Add : Interest u/s 234 B |
-- |
|
|
Add : Interest u/s 234 C |
-- |
-- |
|
|
|
|
|
Total Tax Payable / Refundable |
|
0.130 |
|
Tax paid u/s 140 A |
|
0.130 |
|
|
|
|
|
TAX PAYABLE ROUNDED OFF TO |
|
0.130 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. MAHENDRA KUMAR JAIN
[RS. IN MILLION]
DETAILS OF ASSETS
IMMOVABLE
PROPERTY
|
NATURE OF PROPERTY |
LOCATION WITH FULL ADDRESS |
EXTENT |
MARKET VALUE |
|
½ share in
residential flat |
Vimallachal Apartments,
Poonamalee High Road, Vepery, Chennai – 600007, Tamilnadu, India |
1500 Sq.ft. |
15.000 |
|
Land at Balhotra |
-- |
-- |
3.000 |
|
Shop |
Ahmedabad |
-- |
4.600 |
|
Shop |
Ahmedabad |
-- |
4.500 |
|
TOTAL [A] |
27.100 |
||
LIQUID ASSETS
|
NATURE OF ASSETS |
PARTICULARS OF ASSETS |
QUANTITY |
MARKET VALUE |
|
Investment in
Business |
-- |
-- |
3.665 |
|
Cash in Hand at
Bank |
-- |
-- |
0.723 |
|
Gold Jewellary
and Coins |
-- |
--- |
0.716 |
|
TOTAL [B] |
5.104 |
||
Total Assets [A+B] : Rs.32.204 Million
DETAILS OF LIABILITIES
BORROWINGS
|
BORROWED FROM |
PARTICULARS AND SECURITIES |
PURPOSE |
AMOUNT OUTSTANDING |
|
-- |
-- |
-- |
-- |
GUARANTOR
FOR VARIOUS BORROWINGS BY FRIENDS / RELATIVES / COMPANY
|
GUARANTEED TO |
FOR THE BORROWED BY |
PURPOSE |
GUARANTEED AMOUNT |
|
-- |
-- |
-- |
-- |
Total
Liabilities: Rs. 0.000 Million
|
TOTAL NETWORTH |
|
|
Total Assets |
Rs.32.204
Million |
|
Less : Total
Liabilities |
Rs. 0.000
Million |
|
Total |
Rs.32.204 Million |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. VEENA JAIN
[RS. IN MILLION]
DETAILS OF ASSETS
IMMOVABLE
PROPERTY
|
NATURE OF PROPERTY |
LOCATION WITH FULL ADDRESS |
EXTENT |
MARKET VALUE |
|
½ share in
residential flat |
Vimallachal Apartments,
Poonamalee High Road, Vepery, Chennai – 600007, Tamilnadu, India |
2080 Sq.ft. |
15.000 |
|
|
|
|
|
|
TOTAL [A] |
15.000 |
||
LIQUID ASSETS
|
NATURE OF ASSETS |
PARTICULARS OF ASSETS |
QUANTITY |
MARKET VALUE |
|
Investment in
Business |
-- |
-- |
5.400 |
|
Cash in Hand at
Bank |
-- |
-- |
1.157 |
|
Gold Jewellary
and Coins |
-- |
--- |
0.600 |
|
TOTAL [B] |
7.157 |
||
Total Assets [A+B] : Rs.22.157 Million
DETAILS OF LIABILITIES
BORROWINGS
|
BORROWED FROM |
PARTICULARS AND SECURITIES |
PURPOSE |
AMOUNT OUTSTANDING |
|
-- |
-- |
-- |
-- |
GUARANTOR
FOR VARIOUS BORROWINGS BY FRIENDS / RELATIVES / COMPANY
|
GUARANTEED TO |
FOR THE BORROWED BY |
PURPOSE |
GUARANTEED AMOUNT |
|
-- |
-- |
-- |
-- |
Total
Liabilities: Rs. 0.000 Million
|
TOTAL NETWORTH |
|
|
Total Assets |
Rs.22.157
Million |
|
Less : Total
Liabilities |
Rs. 0.000
Million |
|
Total |
Rs.22.157 Million |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
They take august pleasure in introducing ourselves as leading pharmaceutical distributors in Tamilnadu, having their base in Chennai, catering to all the leading Institutions and Hospitals throughout Tamilnadu.,
Makers Pharma Private Limited, incepted in the year 1994, almost completing 2 decades of excellent service in terms of supplies to not the only the Institutes and Hospitals .
They have pioneered their logistics in the field of Oncology, Anti Retrovirals, Virology, Nephrology, Gastroenterology and other leading specialities.
Some of their clients include Roche, MSD, Novartis, Wyeth, Fresenius, Pfizer, Astrazeneca, Boeringher, Allergan, Ferring, Abbott.,and also majority of the leading Indian Companies like Intas, Glenmark, Zydus, Serum Institute, Ranbaxy , Panacea Biotech, Lupin, Cipla, Samarath, Eli lilly, Gengyme & Abbott Helathcare. etc.
Their Annual Turnover is approx Rs 500.000 Million per annum, with the state of the art office, with excellent cold chain storage facility and wonderful channels for supply chain management.
In addition to the above credentials, we have been supplying to the following leading hospitals:
- Vijaya Hospitals
- Military Hospital
- Cancer Institute
- T B Hospital
- Christian Medical College and Hospital
- Port Trust Hospital
- Medplus Health Services
- CGHS, MIOT Hospital
- Dr Kamakshi Memorial Hospital
- Railway Hospital
- Chettinad Hospital
- Frontier Hospital
- Madras Medical Mission Hospital
- St. Isable Hospital
- Pims Hospital, Pondicherry
- Jipmer Hospital, Pondicherry Chennai
- Meenakshi Hospital
- Frontier Hospital
- Global Hospital
- Sri Ramchandra Hospital
- Billroth Group of Hospitals
- Appaswamy Hospital
- Life Line Hospital
- Sri KKCTH Hospital
- Sundaram Medical Foundation
- Dr Mehta Hospital Private Limited
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCES
|
PARTICULARS |
ADDRESS |
|
Acure Pharma |
121, NSC Bose Road, Chennai, Tamilnadu, India |
|
Millions Pharma |
Chennai, Tamilnadu, India |
|
Medi Biotec |
118, Ritherdon Road, Chennai, Tamilnadu, India |
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10386151 |
05/11/2013 * |
58,000,000.00 |
CITIBANK N. A. |
NO.163,, ANNA SALAI,, CHENNAI, TAMIL NADU - 60000 |
B90623364 |
|
2 |
90289856 |
12/12/2005 |
5,000,000.00 |
CITIBANK |
NO. 2; CLUBHOUSE ROAD, ANNA SALAI, CHENNAI, TAMIL |
- |
* Date of charge modification
NOTE :
The registered office of the company has been
shifted from No.56/B1 Pantheon Road, Egmore, Chennai – 600008, Tamilnadu, India to the present address.
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.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--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.