MIRA INFORM REPORT
|
Report No. : |
325445 |
|
Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
DATT
MEDIPRODUCTS PRIVATE LIMITED (w.e.f. 30.01.2015) |
|
|
|
|
Formerly Known
As : |
DATT
MEDIPRODUCTS LIMITED |
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|
|
|
Registered
Office : |
Gajraj Chambers, 2B,
Second Floor, 86 B/2, Topsia Road (South), Kolkata – 700 046, West Bengal |
|
Tel. No.: |
91-11-47191777 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.01.1995 |
|
|
|
|
Com. Reg. No.: |
21-067731 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.183.046
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51397WB1995PTC067731 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD9297R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of all types of medical disposables,
bandages, surgical/utility and other dressings. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 662000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
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|
Comments : |
Subject is an
established company having satisfactory track record. A reserves of the
company is low. However, company has reported healthy operational performance
and is has achieved profitability margins at 2.26%. Rating also takes
into consideration company’s decent operational performance backed by
adequate capital base and extensive industry experience of its promoters. Trade relations
are fair. Business is active. Payment terms are reported to be slow but
correct. In view of
healthy operational profile, the company can be considered normal for
business dealings at usual trade terms and condition. |
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 DECLINED BY
|
Name : |
Mr. Sunil Srivastav |
|
Designation : |
Accountant |
|
Contact No.: |
91-11-47191777 |
|
Date : |
02.06.2015 |
LOCATIONS
|
Registered Office : |
Gajraj Chambers, 2B,
Second Floor, 86 B/2, Topsia Road (South), Kolkata – 700 046, West Bengal,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
Head Office : |
56, Community Centre, East of Kailash, New Delhi – 110 065, India |
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Tel. No.: |
91-11-47191777 |
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Fax No.: |
91-11-41621888 |
|
|
|
|
Factory : |
52-54, 63 and 64 Roz Ka Meo Industrial Area, Sohna, Gurgaon, Haryana,
India |
|
Tel. No.: |
91-124-2362144/ 2395159 |
|
Fax No.: |
91-124-2395158 |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Ms.
Gita Datt |
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Designation : |
Whole-time Director |
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|
Address : |
M-16,
Greater Kailash-I, New Delhi – 110 048, India |
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Date of Birth/Age : |
24.11.1960 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.10.2011
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DIN No.: |
00633279 |
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PAN No.: |
AAJPD3233D |
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Other
Directorship:
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|
Name : |
Dr.
Rajan Datt |
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Designation : |
Managing
Director |
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|
Address : |
M-16,
Greater Kailash-I, New Delhi – 110 048, India |
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Date of Birth/Age : |
25.09.1959 |
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Qualification : |
MBBS |
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Date of Appointment : |
01.10.2011
|
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DIN No.: |
00832130 |
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PAN No.: |
ADOPD5715C |
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Other
Directorship:
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|
Name : |
Ms.
Ruchita Datt |
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Designation : |
Whole-time Director |
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|
Address : |
M-16,
Greater Kailash-I, New Delhi – 110 048, India |
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Date of Birth/Age : |
27.11.1986 |
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Qualification : |
Graduate |
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Date of Appointment : |
26.03.2013 |
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DIN No.: |
02608515 |
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Other
Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Sunil Srivastav |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Achla Khanna |
|
200 |
|
Alka K. Shelat |
|
200 |
|
Ashish Madan |
|
500 |
|
Brahm Datt Investments and Finance Company
Private Limited, India |
|
1327600 |
|
Datt Capital Services Limited, India |
|
2223700 |
|
Datt Enterprises Limited, India |
|
5960200 |
|
Gita Datt |
|
1500600 |
|
Ishwar Lal Vohra |
|
300 |
|
Zahid Khan Pathan |
|
400 |
|
Kaushlesh Kumar |
|
300 |
|
Brahm Datt HUF |
|
54700 |
|
Madan Lal Dhupar |
|
200 |
|
Manish |
|
200 |
|
Niranjan Kumar |
|
200 |
|
Pavan Sharma |
|
200 |
|
Raj Vohra |
|
200 |
|
Rajan Datt |
|
2145300 |
|
Rajesh Lalwani |
|
100 |
|
Rajinder I. Midha |
|
1000 |
|
Religare Securities, India |
|
400 |
|
Samuel Varghese |
|
1000 |
|
Sud and Waren Private Limited, India |
|
500 |
|
Surinder K. Jain |
|
500 |
|
Vinita Sharma |
|
200 |
|
Total |
|
13218700 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Datt Capital Services Limited, India |
|
2960000 |
|
Datt Enterprises Limited, India |
|
70000 |
|
Brahm Datt |
|
750000 |
|
Brahm Datt HUF |
|
1305920 |
|
Total |
|
5085920 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all types of medical disposables,
bandages, surgical/utility and other dressings. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management. |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Reliance Capital Limited, "H" Block, 1st
Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai – 400 710,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
K. L. Chatrath and Company Chartered Accountants |
|
Address : |
8, Circus Market Place, Kolkata – 700 017, West
Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFK6447K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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|
|
|
Subsidiary Company
: |
Rajat Plastic Products Private Limited, India
(CIN No.: U74899DL1993PTC056355) |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
AFTER 27.09.2014
Authorised Capital : Rs.302.500 million
Issued, Subscribed & Paid-up Capital : Rs.183.046
million
AS ON 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
13250000 |
Equity Shares |
Rs.10/- each |
Rs.132.500 million |
|
5250000 |
Preference Shares |
Rs.10/- each |
Rs.52.500 million |
|
|
Total
|
|
Rs.185.000
million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
13218700 |
Equity Shares |
Rs.10/- each |
Rs.132.187
million |
|
5085920 |
Preference Shares |
Rs.10/- each |
Rs.50.859
million |
|
|
Total
|
|
Rs.183.046 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 |
183.046 |
183.046 |
183.046 |
|
(b) Reserves &
Surplus |
48.639 |
35.019 |
6.333 |
|
(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) |
231.685 |
218.065 |
189.379 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
92.517 |
98.265 |
105.049 |
|
(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 |
26.623 |
20.521 |
15.565 |
|
Total Non-current
Liabilities (3) |
119.140 |
118.786 |
120.614 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
96.284 |
70.762 |
68.138 |
|
(b) Trade payables |
30.460 |
31.662 |
32.024 |
|
(c) Other current
liabilities |
27.195 |
20.111 |
21.315 |
|
(d) Short-term provisions |
17.509 |
13.739 |
7.617 |
|
Total Current Liabilities
(4) |
171.448 |
136.274 |
129.094 |
|
|
|
|
|
|
TOTAL |
522.273 |
473.125 |
439.087 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
205.156 |
205.830 |
190.461 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.513 |
0.513 |
0.513 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2.596 |
0.655 |
0.655 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
14.665 |
14.666 |
8.655 |
|
(e) Other Non-current
assets |
4.967 |
4.713 |
4.713 |
|
Total Non-Current Assets |
227.897 |
226.377 |
204.997 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
6.468 |
7.000 |
6.347 |
|
(b) Inventories |
128.719 |
110.608 |
95.372 |
|
(c) Trade receivables |
85.655 |
67.477 |
67.168 |
|
(d) Cash and cash
equivalents |
13.011 |
7.854 |
8.181 |
|
(e) Short-term loans and
advances |
60.523 |
53.809 |
57.022 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
294.376 |
246.748 |
234.090 |
|
|
|
|
|
|
TOTAL |
522.273 |
473.125 |
439.087 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
594.587 |
564.497 |
506.341 |
|
|
|
Other Income |
25.436 |
15.500 |
35.508 |
|
|
|
TOTAL |
620.023 |
579.997 |
541.849 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
229.628 |
217.285 |
207.449 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(10.997) |
(10.300) |
(4.553) |
|
|
|
Employee benefit expense |
105.962 |
85.329 |
68.823 |
|
|
|
Other expenses |
246.429 |
232.601 |
205.512 |
|
|
|
Prior period items |
0.023 |
0.000 |
0.000 |
|
|
|
Extraordinary items |
0.000 |
0.224 |
11.376 |
|
|
|
TOTAL |
571.045 |
525.139 |
488.607 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
48.978 |
54.858 |
53.242 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.344 |
7.222 |
6.960 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.634 |
47.636 |
46.282 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
19.876 |
18.893 |
16.411 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
17.758 |
28.743 |
29.871 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.138 |
0.057 |
(0.048) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
13.620 |
28.686 |
29.919 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of manufactured goods exported |
373.082 |
397.428 |
393.758 |
|
|
TOTAL EARNINGS |
373.082 |
397.428 |
393.758 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
30.106 |
20.492 |
11.415 |
|
|
|
Components & Spare Parts |
7.987 |
4.178 |
4.902 |
|
|
|
Capital Goods |
6.636 |
8.821 |
0.000 |
|
|
TOTAL IMPORTS |
44.729 |
33.491 |
16.317 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.68 |
1.82 |
1.92 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
5.928 |
3.435 |
7.003 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.29 |
5.08 |
5.91 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.24 |
9.72 |
10.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.42 |
6.09 |
6.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.13 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.84 |
0.79 |
0.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72 |
1.81 |
1.81 |
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 |
183.046 |
183.046 |
183.046 |
|
Reserves & Surplus |
6.333 |
35.019 |
48.639 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
189.379 |
218.065 |
231.685 |
|
|
|
|
|
|
Long-term borrowings |
105.049 |
98.265 |
92.517 |
|
Short term borrowings |
68.138 |
70.762 |
96.284 |
|
Current maturities of long-term debts |
7.003 |
3.435 |
5.928 |
|
Total borrowings |
180.190 |
172.462 |
194.729 |
|
Debt/Equity ratio |
0.951 |
0.791 |
0.840 |
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 |
506.341 |
564.497 |
594.587 |
|
|
|
11.486 |
5.330 |
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 |
506.341 |
564.497 |
594.587 |
|
Profit |
29.919 |
28.686 |
13.620 |
|
|
5.91% |
5.08% |
2.29% |
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 |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company has been
shifted from Shah Bhawan, First Floor, 8 Circus Market Place, Kolkata – 700 017, West
Bengal to the present address w.e.f.
08.03.2010.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties and others |
90.713 |
95.713 |
|
Total
|
90.713 |
95.713 |
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10495356 |
28/04/2014 |
6,079,216.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR,
DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA -
400710, INDIA |
C04685731 |
|
2 |
10467042 |
20/12/2013 |
2,256,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR,
DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA -
400710, INDIA |
B92335843 |
|
3 |
10429458 |
30/04/2013 |
2,250,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR,
DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA -
400710, INDIA |
B76469337 |
|
4 |
10340536 |
28/02/2012 |
2,000,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR,
DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA -
400710, INDIA |
B34303297 |
|
5 |
10266993 |
15/12/2014 * |
195,000,000.00 |
PUNJAB AND SIND BANK |
91 BHANDARI HOUSE, NEHRU
PLACE, NEW DELHI - 110019, INDIA |
C41197112 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Computer Equipments
·
Office Equipments
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.63.83 |
|
UK Pound |
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.