MIRA INFORM REPORT
|
Report No. : |
312230.2 |
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Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
HEALTHCARE GLOBAL ENTERPRISES LIMITED (w.e.f. 05.07.2006) HCG PHARMA UNIT OF HEALTHCARE GLOBAL
ENTERPRISES LIMITED |
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Formerly Known
As : |
HEALTHCARE GLOBAL ENTERPRISES PRIVATE LIMITED (w.e.f.10.11.2005) CURIE CENTRE OF ONCOLOGY PRIVATE LIMITED |
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Registered
Office : |
HCG Tower, No.8, P. Kalinga Rao Road, Sampangi Rama Nagar, Bangalore –
560027, Karnataka |
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Tel. No.: |
91-80-40206000 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
12.03.1998 |
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Com. Reg. No.: |
08-023489 |
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Capital
Investment / Paid-up Capital : |
Rs. 682.451 Million |
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CIN No.: [Company Identification
No.] |
U15200KA1998PLC023489 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACC8412H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in setting up and managing cancer hospitals, cancer centers and medical diagnostic services including scientific testing and consultancy services in the pharmaceutical and medical sector. |
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No. of Employees
: |
Above 100 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The company has continuously making losses from its operations from
last few years. However, the company has strong presence and promoters are
well experienced in the industry. The company also gets funding support from
its group companies having same management team and financial linkages
between them. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
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Rating |
Term Loan limits: BBB |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
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Date |
February, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Hazrat Ali |
|
Designation : |
Pharmacy in In-charge |
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Contact No.: |
91-9611803035 |
|
Date : |
27.04.2015 |
LOCATIONS
|
Registered Office : |
HCG Tower, No.8, P. Kalinga Rao Road, Sampangi Rama Nagar, Bangalore –
560027, Karnataka, India |
|
Tel. No.: |
91-80-40206000 |
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Mobile No.: |
91-9611803035 (Mr. Hazrat Ali) |
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Fax No.: |
91-80-22485962 |
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E-Mail : |
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Website : |
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Unit : |
HCG Pharma #10, 2nd Floor, Pallavi Complex, Mission Road, Bangalore –
560027, Karnataka, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Sudhakar Rao |
|
Designation : |
Additional director |
|
Address : |
Apartment D Ist Floor Spring Leaf Apts, No 6 Brunton Cross Road, Bangalore - 560025, Karnataka, India |
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Date of Appointment : |
25.02.2015 |
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DIN No.: |
00267211 |
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Name : |
Shanker Annaswamy |
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Designation : |
Additional director |
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Address : |
Villa No A-265, East Drive Prestige Zone, Whitefield main road,Whitefield, Bangalore - 560066, Karnataka, India |
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Date of Appointment : |
25.02.2015 |
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DIN No.: |
00449634 |
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Name : |
Gangadhara Ganapati |
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Designation : |
Director |
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Address : |
3409 Cowper Street, Palo Alto, 94306, , United States of America |
|
Date of Birth/Age : |
01.04.196 |
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Date of Appointment : |
21.12.2005 |
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DIN No.: |
00489200 |
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Name : |
Basavalinga Ajaikumar Sadashivaiah |
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Designation : |
Whole-time director |
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Address : |
850, Park House, Mirza Road, Nazarbad, Mysore - 570010, Karnataka, India |
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Date of Birth/Age : |
22.058.1951 |
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Date of Appointment : |
07.03.2000 |
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DIN No.: |
00713779 |
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Name : |
Jennifer Gek Choo Lee |
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Designation : |
Nominee director |
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Address : |
206 Ocean Drive, #05-08, Singapore, 098627, , Singapore |
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Date of Birth/Age : |
14.08.1952 |
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Date of Appointment : |
07.03.2013 |
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DIN No.: |
01095502 |
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Name : |
Rajesh Singhal |
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Designation : |
Nominee director |
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Address : |
E402, Satellite Gardens 1, Film City Road, Goregaon (East), Mumbai - 400063, Maharashtra, India |
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Date of Birth/Age : |
01.05.1971 |
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Date of Appointment : |
25.09.2013 |
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DIN No.: |
01415174 |
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Name : |
Prakash Parthasarathy |
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Designation : |
Nominee director |
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Address : |
# 5 B, EPIP Zone, Behind Sap Labs, Whitefield, Bengaluru - 560048, Karnataka, India |
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Date of Birth/Age : |
04.031971 |
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Date of Appointment : |
23.04.2008 |
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DIN No.: |
02011709 |
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Name : |
Amit Varma |
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Designation : |
Nominee director |
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Address : |
49/B Aradhna Enclave, Sector-13, R K Puram, New Delhi - 110065, India |
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Date of Birth/Age : |
15.09.1968 |
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Date of Appointment : |
11.02.2010 |
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DIN No.: |
02241746 |
KEY EXECUTIVES
|
Name : |
Mr. Hazrat Ali |
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Designation : |
Pharmacy in In-charge |
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|
Name : |
Mr. Sunu Manuel |
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Designation : |
Company Secretary |
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Address : |
NO.51/1, 5th Cross, Wilson Garden, Bangalore- 560027, Karnataka, India |
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Date of Birth/Age : |
02.06.1978 |
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Date of Appointment : |
14.07.2006 |
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PAN No.: |
ANMPM3149B |
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Name : |
Basavalingashetty Sadashiviah Ajaikumar |
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Designation : |
CEO |
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Address : |
850, Park House, Mirza Road, Nazarabad, Mysore - 570010, Karnataka, India |
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Date of Birth/Age : |
22.08.1951 |
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Date of Appointment : |
24.06.2014 |
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PAN No.: |
ACZPA6190L |
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|
Name : |
Krishnan Subramanian |
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Designation : |
CFO |
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Address : |
Flat No. 103, # Cornwell Street, Langford Gardens, Bangalore - 560025, Karnataka, India |
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Date of Appointment : |
24.06.2014 |
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PAN No.: |
AEIPK4663H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
AS ON 12.11.2014
|
Names of Allottee |
|
No. of Shares |
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|
Dr. B S Ajai Kumar |
|
695249 |
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Total |
|
695249 |
AS ON 30.09.2014
Equity Shares Break – up
|
Category |
Percentage |
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Venture Capital |
41.06 |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
3.33 |
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Bodies corporate |
17.10 |
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Directors or relatives of directors |
29.42 |
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Others |
9.09 |
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Total
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in setting up and managing cancer hospitals, cancer centers and medical diagnostic services including scientific testing and consultancy services in the pharmaceutical and medical sector. |
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Products / Services : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Above 100 (Approximately) |
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Bankers : |
· Yes Bank Limited 9th Floor, Nehru Centre,
Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg,
Lower Parel (west), Mumbai – 400013, Maharashtra, India
Corporate Banking Branch, Express Building, Second Floor, No.1, Queen's Road, Bangalore - 560001, Karnataka, India
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Facilities : |
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Financial Institution : |
Siemens Financial Services Private Limited 130, Pandurang Budhkar Marg, Worli, Mumbai - 400018, Maharashtra, India |
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Auditors : |
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Name : |
Deloitte
Haskins and Sells Chartered Accountants |
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Address : |
Deloitte Centere,
Anchorage II, Richmond Road, Bangalore – 560025, Karnataka, India |
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PAN No.: |
AACFD3771D |
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Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives: |
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Other Related Parties : |
Healthcare Diwan Chand Imaging LLP |
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Subsidiaries : |
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CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120,000,000 |
Preference Shares |
Rs.10/- each |
Rs.1200.000 Million |
Issued, Subscribed and Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
69520309 |
Equity Shares |
Rs.10/- each |
Rs.695.203
Million |
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120,000,000 |
Preference Shares |
Rs.10/- each |
Rs.1200.000 Million |
Issued, Subscribed and Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68,825,060 |
Equity Shares |
Rs.10/- each |
Rs.688.251
Million |
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120,000,000 |
Preference Shares |
Rs.10/- each |
Rs.1200.000 Million |
Issued, Subscribed and Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68,245,112 |
Equity Shares |
Rs.10/- each |
Rs.682.451
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 |
682.451 |
668.900 |
592.717 |
|
(b) Reserves & Surplus |
1919.184 |
2233.661 |
1514.632 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
5.799 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
2607.434 |
2902.561 |
2107.349 |
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2214.986 |
1997.481 |
994.890 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
19.403 |
130.892 |
106.161 |
|
(d) long-term
provisions |
17.110 |
26.901 |
19.226 |
|
Total Non-current
Liabilities (3) |
2251.499 |
2155.274 |
1120.277 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
173.612 |
353.910 |
510.876 |
|
(b) Trade
payables |
616.247 |
459.744 |
306.434 |
|
(c) Other
current liabilities |
466.679 |
495.223 |
336.827 |
|
(d) Short-term
provisions |
22.739 |
2.613 |
9.440 |
|
Total Current
Liabilities (4) |
1279.277 |
1311.490 |
1163.577 |
|
|
|
|
|
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TOTAL |
6138.210 |
6369.325 |
4391.203 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3537.626 |
3206.965 |
2854.130 |
|
(ii)
Intangible Assets |
174.131 |
190.219 |
8.595 |
|
(iii)
Capital work-in-progress |
104.121 |
11.298 |
26.734 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
800.054 |
921.601 |
313.025 |
|
(c) Deferred tax assets (net) |
0.000 |
8.592 |
14.393 |
|
(d) Long-term Loan and Advances |
544.807 |
455.065 |
321.837 |
|
(e) Other
Non-current assets |
45.984 |
42.831 |
25.858 |
|
Total Non-Current
Assets |
5206.723 |
4836.571 |
3564.572 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
603.716 |
0.861 |
|
(b)
Inventories |
107.891 |
82.442 |
59.343 |
|
(c) Trade
receivables |
511.182 |
568.339 |
407.768 |
|
(d) Cash
and cash equivalents |
147.459 |
40.424 |
138.938 |
|
(e)
Short-term loans and advances |
58.625 |
54.195 |
104.038 |
|
(f) Other current
assets |
106.330 |
183.638 |
115.683 |
|
Total
Current Assets |
931.487 |
1532.754 |
826.631 |
|
|
|
|
|
|
TOTAL |
6138.210 |
6369.325 |
4391.203 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
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SALES |
|
|
|
||
|
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Revenue from Operations |
3478.389 |
2550.892 |
2043.224 |
||
|
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Other Income |
47.548 |
26.273 |
36.368 |
||
|
|
TOTAL (A) |
3525.937 |
2577.165 |
2079.592 |
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Less |
EXPENSES |
|
|
|
||
|
|
Purchases of Stock in trade |
1195.815 |
898.198 |
707.169 |
||
|
|
Changes in inventories of finished goods, work-in-progress and stock
in trade |
(19.133) |
(23.099) |
(12.447) |
||
|
|
Employee benefit expenses |
624.384 |
399.426 |
315.431 |
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|
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Other Expenses |
|
|
|
||
|
|
|
Power and fuel |
90.831 |
65.728 |
51.563 |
|
|
|
|
Rent |
94.181 |
53.187 |
36.769 |
|
|
|
|
Repairs to building |
4.443 |
1.781 |
4.749 |
|
|
|
|
Repairs to machinery |
91.801 |
74.541 |
44.365 |
|
|
|
|
Insurance |
5.012 |
2.890 |
2.556 |
|
|
|
|
rates and taxes excluding taxes on income |
9.503 |
5.307 |
3.804 |
|
|
|
|
Telephone postage |
13.033 |
9.292 |
6.790 |
|
|
|
|
Printing stationery |
24.522 |
15.481 |
16.809 |
|
|
|
|
Travelling conveyance |
38.828 |
26.179 |
16.786 |
|
|
|
|
Safety security expenses |
67.751 |
44.773 |
40.833 |
|
|
|
|
Advertising promotional expenses |
0.000 |
55.298 |
33.298 |
|
|
|
|
Cost repairs maintenance other assets |
00.000 |
18.158 |
15.983 |
|
|
|
|
Provision bad doubtful debts created |
142.694 |
24.904 |
25.888 |
|
|
|
|
write-off assets liabilities |
0.780 |
0.293 |
0.033 |
|
|
|
|
payments to auditor |
2.809 |
1.713 |
1.713 |
|
|
|
|
Miscellaneous expenses |
938.413 |
491.544 |
399.155 |
|
|
|
Exceptional Items |
93.415 |
0.000 |
0.000 |
||
|
|
TOTAL (B) |
3419.082 |
2165.594 |
1711.247 |
||
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|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
106.855 |
411.571 |
368.345 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
282.389 |
240.148 |
208.319 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(175.534) |
171.423 |
160.026 |
||
|
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
279.009 |
215.546 |
180.649 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(454.543) |
(44.123) |
(20.623) |
||
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|
|
|
|
|
||
|
Less |
TAX (H) |
(4.928) |
5.800 |
4.508 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(449.615) |
(49.923) |
(25.131) |
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IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
NA |
0.000 |
7.280 |
|
|
|
|
Capital Goods |
NA |
0.000 |
156.572 |
|
|
|
TOTAL IMPORTS |
NA |
0.000 |
163.852 |
||
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|
|
|
||
|
|
Earnings Per
Share (Rs.) |
(6.55) |
(0.84) |
(0.45) |
||
Expected Sales ( 2014-2015 ) : Rs.5500.000 Million
The above information has been parted by Mr. Hazrat Ali.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
(12.93) |
(1.96) |
(1.23) |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
3.07 |
16.13 |
18.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.68) |
(0.81) |
(0.51) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.17) |
(0.02) |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.92 |
0.81 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.73 |
1.17 |
0.71 |
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 |
592.717 |
668.900 |
682.451 |
|
Reserves & Surplus |
1514.632 |
2233.661 |
1919.184 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
5.799 |
|
Net worth |
2107.349 |
2902.561 |
2607.434 |
|
|
|
|
|
|
long-term borrowings |
994.890 |
1997.481 |
2214.986 |
|
Short term borrowings |
510.876 |
353.910 |
173.612 |
|
Total borrowings |
1505.766 |
2351.391 |
2388.598 |
|
Debt/Equity ratio |
0.715 |
0.810 |
0.916 |
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 |
2043.224 |
2550.892 |
3478.389 |
|
|
|
24.846 |
36.360 |
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 |
2043.224 |
2550.892 |
3478.389 |
|
Profit/Loss |
(25.131) |
(49.923) |
(449.615) |
|
|
(1.23%) |
(1.96%) |
(12.93%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs. In Million) |
31.03.2013 (Rs. In Million) |
|
Short Term
Borrowings |
|
|
|
Intercorporate deposits |
50.000 |
0.000 |
|
|
|
|
|
Total |
50.000 |
0.000 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10531084 |
12/08/2014 * |
75,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL |
C37766409 |
|
2 |
10542637 |
01/08/2014 |
400,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
C40244519 |
|
3 |
10542638 |
01/08/2014 |
120,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
C40244139 |
|
4 |
10544219 |
01/08/2014 |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
C40252181 |
|
5 |
10420938 |
12/08/2014 * |
1,260,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
C33493339 |
|
6 |
10402839 |
07/01/2013 |
7,270,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE |
B68022375 |
|
7 |
10402828 |
18/12/2012 |
48,125,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE |
B68019728 |
|
8 |
10400083 |
04/12/2012 |
1,625,000.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG,, WORLI, MUMBAI, MAHA |
B66929183 |
|
9 |
10375044 |
03/08/2012 |
11,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE |
B57495319 |
|
10 |
10375042 |
27/07/2012 |
1,174,500.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG,, WORLI, MUMBAI, MAHA |
B57494031 |
* Date of charge modification
CORPORATE INFORMATION
The company is engaged in setting up and managing cancer hospitals, cancer centers and medical diagnostic services including scientific testing and consultancy services in the pharmaceutical and medical sector. The Company has its registered office at #8, P. Kalinga Rao Road, Sampangi Ram Nagar, Bangalore - 560 027.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Motor Vehicles
·
Office Equipment
·
Leasehold Improvements
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 records 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 records 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. 96.55 |
|
Euro |
1 |
Rs. 84.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--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.