MIRA INFORM REPORT
|
Report No. : |
321151 |
|
Report Date : |
07.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROCHE DIAGNOSTICS INDIA PRIVATE LIMITED |
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|
|
|
Registered
Office : |
501B, Silver Utopia, Cardinal Gracious Road, Chakala, Andheri (East),
Mumbai – 400069, Maharashtra |
|
Tel. No.: |
91-22-66974900/66974969 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.06.1988 |
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Com. Reg. No.: |
11-141417 |
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Capital
Investment / Paid-up Capital : |
Rs.149.150 Million |
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|
|
CIN No.: [Company Identification
No.] |
U85195MH1988PTC141417 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACA0266H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in distribution, marketing and sale of Medical diagnostic Products/equipment’s, reagents, consumable and spares and also provides after sale service for equipment’s. |
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|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Roche Pharma Holding B.V., Netherland. It is an established company having satisfactory track record. There seems some continuous dip in the profit of the company however,
networth of the company is satisfactory. General financial position of the
company is good. 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. NOTE : Management of the company has changed its financial year from December
2012 to March 2014 ranging from (January 2013 to March 2014) for 15 Months. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
Management non co-operative
Contact 91-22-66974900
LOCATIONS
|
Registered Office : |
501B, Silver Utopia, Cardinal Gracious Road, Chakala, Andheri (East),
Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-66974900/66974969 |
|
Fax No.: |
91-22-56974921 / 66974909 |
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E-Mail : |
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Website : |
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Regional Offices : |
Delhi A-16, Aruna
Asaf Ali Marg, Qutab Institutional Área, New Delhi – 110067, India Tel. : -
91-11-46034500 Fax. :-
91-11-46034528 Chennai “Shreyas Towers”,
Building No. 23 and 24, Chamiers Towers, Tenyampet, Chennai – 600 018,
Tamilnadu, India Tel.:
91-44-4390 0300 Fax: 91-44-4211
9095 Kolkata 4C, "Akash
Towers", 781 Anandpur, Kolkata – 700107, West Bengal, India Tel.: 91-
33-4015 3700 Fax: 91-33-4015 3701 |
DIRECTORS
AS ON: 29.09.2014
|
Name : |
Mr. Shashi Singh |
|
Designation : |
Director |
|
Address : |
E2/9, Vasant Vihar, New Delhi-110057, India |
|
Date of Birth/Age : |
15.11.1947 |
|
Date of Appointment : |
29.09.2001 |
|
DIN No.: |
00040040 |
|
|
|
|
Name : |
Gottlieb Andrea Keller |
|
Designation : |
Director |
|
Address : |
Englischviertelstrasse 21, Zurich, 8032 Switzerland |
|
Date of Birth/Age : |
08.08.1954 |
|
Date of Appointment : |
25.11.2008 |
|
DIN No.: |
02403286 |
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|
|
|
Name : |
Lance James Little |
|
Designation : |
Managing Director |
|
Address : |
Unit 3, 27 The Parade, Saint Heliers, Auckland-1071, New Zealand |
|
Date of Birth/Age : |
27.09.1965 |
|
Date of Appointment : |
10.05.2013 |
|
DIN No.: |
05268070 |
|
|
|
|
Name : |
Lars Guido Sander |
|
Designation : |
Managing Director |
|
Address : |
Ghia Mansion, 2nd Floor, M L Dhanukar Road,Carmichael Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
20.06.1965 |
|
Qualification : |
Business Economics (Marketing and Trade) |
|
Date of Appointment : |
29.04.2013 |
|
DIN No.: |
06589221 |
|
|
|
|
Name : |
Meeta Gulyani |
|
Designation : |
Director |
|
Address : |
E - 7, Masjid Moth, Greater Kailash - III, New Delhi-110048, India |
|
Date of Appointment : |
24.05.2013 |
|
Date of Cessation : |
01.04.2014 |
|
DIN No.: |
05226075 |
|
|
|
|
Name : |
Maturin Nyamedjo Tchoumi |
|
Designation : |
Director |
|
Address : |
2123 Pullman Ave, Belmont, Belmont - 94002 , Cameroon |
|
Date of Birth/Age : |
26.05.1963 |
|
Date of Appointment : |
02.05.2014 |
|
DIN No.: |
06890714 |
KEY EXECUTIVES
|
Name : |
Mr. Brajesh Rameshwardas Daga |
|
Designation : |
Secretary |
|
Address : |
Narayan Niketan, 4th Floor, Vithobalane, Vithal Wadi, Kalbadevi Road, Mumbai-400002, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1972 |
|
Date of Appointment : |
13.01.2010 |
|
PAN No.: |
ABQPD5473P |
|
|
|
|
Name : |
Mr. Bhargavan Nandakumar |
|
Designation : |
Head – Finance & Supply Chain |
|
Qualification : |
A.C.A., M.COM, MBA |
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|
|
|
Name : |
Mr. Saji Joseph |
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Designation : |
Business Head – Professional Services |
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Qualification : |
Industrial Electronics |
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|
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|
Name : |
Mr. P. Ravi Kumar |
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Designation : |
Head – Human Resources |
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Qualification : |
PGDPMHR |
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|
Name : |
Mr. Sidhartha Roy |
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Designation : |
Head – Business Unit Diabetes Care India & Neighbouring Market |
|
Qualification : |
PGDM Marketing |
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|
|
|
Name : |
Mr. Nitin Patwardhan |
|
Designation : |
Business Head – Centralized Diagnostics |
|
Qualification : |
B.SC, Chemistry |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Roche Pharmholding BV, Netherlands |
|
1491501 |
|
Roche Chemicals Establishment Limited, Switzerland |
|
1 |
|
|
|
|
|
Total |
|
1491502 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 29.09.2014
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in distribution, marketing and sale of Medical diagnostic Products/equipment’s, reagents, consumable and spares and also provides after sale service for equipment’s. |
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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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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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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Auditors : |
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Name : |
B S R and Company LLP Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N. M. Joshi Marg, Mahalakshmi, Mumbai 400011, Maharashtra, India |
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PAN No.: |
AAIFB0630K |
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Fellow Subsidiary
Company : |
Roche Holdings Limited |
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Holding Company : |
Roche Pharmaholding B.V. |
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Fellow Subsidiary
Companies : |
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CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,800,000 |
Equity Shares |
Rs.100/- each |
Rs.180.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,491,502 |
Equity Shares |
Rs.100/- each |
Rs.149.150 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.12.2012 |
31.12.2011 |
|
|
[15
Months] |
[12
Months] |
[12
Months] |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
149.150 |
149.150 |
149.150 |
|
(b) Reserves & Surplus |
2067.101 |
1928.912 |
1722.058 |
|
(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) |
2216.251 |
2078.062 |
1871.208 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
47.126 |
31.786 |
19.458 |
|
Total
Non-current Liabilities (3) |
47.126 |
31.786 |
19.458 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
993.639 |
529.388 |
0.000 |
|
(b) Trade payables |
1203.750 |
914.116 |
850.032 |
|
(c) Other current liabilities |
412.674 |
287.463 |
226.854 |
|
(d) Short-term provisions |
142.191 |
106.124 |
90.377 |
|
Total
Current Liabilities (4) |
2752.254 |
1837.091 |
1167.263 |
|
|
|
|
|
|
TOTAL |
5015.631 |
3946.939 |
3057.929 |
|
|
5015.731 |
3946.939 |
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2028.666 |
1557.308 |
1071.652 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
69.590 |
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) |
348.783 |
236.826 |
173.326 |
|
(d) Long-term Loan and Advances |
137.367 |
52.199 |
80.328 |
|
(e) Other Non-current assets |
0.000 |
1.012 |
3.874 |
|
Total
Non-Current Assets |
2584.406 |
1847.345 |
1329.180 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1829.309 |
1319.715 |
893.609 |
|
(c) Trade receivables |
455.279 |
661.306 |
468.964 |
|
(d) Cash and cash equivalents |
5.901 |
3.135 |
250.031 |
|
(e) Short-term loans and
advances |
140.164 |
114.912 |
114.956 |
|
(f) Other current assets |
0.572 |
0.526 |
1.189 |
|
Total
Current Assets |
2431.225 |
2099.594 |
1728.749 |
|
|
|
|
|
|
TOTAL |
5015.631 |
3946.939 |
3057.929 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.12.2012 |
31.12.2011 |
|
|
|
|
[15
Months] |
[12
Months] |
[12
Months] |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
8001.345 |
5704.643 |
4500.595 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Other Expenses |
7702.430 |
5367.464 |
|
|
|
|
TOTAL |
7702.430 |
5367.464 |
4212.118 [Including
Finance Expenses] |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE FINANCIAL EXPENSES, EXCEPTIONAL ,
EXTRA ORDINARY ITEMS AND TAX |
298.915 |
337.179 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
79.239 |
33.226 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
219.676 |
303.953 |
288.477 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
81.487 |
97.100 |
47.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
138.189 |
206.853 |
241.214 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
|
Commission (excluding service tax) |
31.109 |
51.914 |
38.694 |
|
|
|
FOB Value of exports |
258.499 |
246.428 |
181.621 |
|
|
|
TOTAL EARNINGS |
289.608 |
298.342 |
220.315 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
92.65 |
138.69 |
NA
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.12.2012 |
31.12.2011 |
|
|
|
[15
Months] |
[12
Months] |
[12
Months] |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.78 |
8.19 |
10.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.15 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.45 |
0.25 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88 |
1.14 |
1.48 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 [12 Months] |
31.12.2012 [12 Months] |
31.03.2014 [15 Months] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
149.150 |
149.150 |
149.150 |
|
Reserves & Surplus |
1722.058 |
1928.912 |
2067.101 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1871.208 |
2078.062 |
2216.251 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
529.388 |
993.639 |
|
Total borrowings |
0.000 |
529.388 |
993.639 |
|
Debt/Equity ratio |
0.000 |
0.255 |
0.448 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 [12 Months] |
31.12.2012 [12 Months] |
31.03.2014 [15 Months] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total
Income |
4500.595 |
5704.643 |
8001.345 |
|
|
|
26.753 |
40.260 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 [12 Months] |
31.12.2012 [12 Months] |
31.03.2014 [15 Months] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total
Income |
4500.595 |
5704.643 |
8001.345 |
|
Profit |
241.214 |
206.853 |
138.189 |
|
|
5.36% |
3.63% |
1.73% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS – NOT AVAILABLE
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
In Million) |
31.12.2012 (Rs.
In Million) |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from |
450.000 |
0.000 |
|
Other loans and advances |
543.639 |
529.388 |
|
|
|
|
|
Total |
993.639 |
529.388 |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS
Tangible Assets
- Plant and Equipment
- Factory Equipments
- Furniture and Fixtures
- Office Equipment
- Computer Equipments
- 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 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.63.64 |
|
|
1 |
Rs.96.81 |
|
Euro |
1 |
Rs.71.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
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 |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
46 |
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.