MIRA INFORM REPORT
|
Report No. : |
350508 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MANKIND PHARMA LIMITED |
|
|
|
|
Formerly Known
As : |
MANKIND PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
208, Okhla Industrial Estate, Phase – III, New Delhi – 110020 |
|
Tel. No.: |
91-11-46541400 (30 Lines) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.07.1991 |
|
|
|
|
Com. Reg. No.: |
55-044843 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.200.294 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PLC044843 |
|
|
|
|
IEC No.: |
0593044312 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM09991C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM9401C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Pharmaceutical and Health Care Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 44000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1991 having fine track. For the FY 2014, the company has achieved decent revenue base marked
by good profitability margin. Operational performance has improved as compared
to previous year. The company possesses healthy financial risk profile marked strong
networth base, low borrowings and cecent cash accruals. Trade relations are fair. Business is active. Payments are regular and
as per commitment. In view of strong brand recognition, the company can be considered
good for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
LOCATIONS
|
Registered Office : |
208, Okhla Industrial Estate, Phase – III, New Delhi – 110020, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
236, Okhla Industrial Estate, Phase – III, New Delhi – 110020, India |
|
Tel. No.: |
91-11-46541400 (30 Lines) |
|
Fax No.: |
91-11-46541382 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Poanta Sahib (Himachal Pradesh), |
|
|
|
|
Factory 2 : |
Udyog Vihar. 485 and 490, Phase 5, Gurgaon, Haryana, India |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ramesh Chand Juneja |
|
Designation : |
Whole Time Director |
|
Address : |
7, Vasant Marg, 2nd Floor, Vasant Vihar, New Delhi -
110057, India |
|
Date of Birth/Age : |
18.07.1950 |
|
Date of Appointment : |
15.05.2014 |
|
PAN No.: |
AEJPJ9773L |
|
DIN No.: |
00283399 |
|
|
|
|
Name : |
Mr. Rajeev Juneja |
|
Designation : |
Whole-time director |
|
Address : |
F-42, Radhey Mohan Drive, Jonapur, Mehrauli, New
Delhi, India |
|
Date of Birth/Age : |
28.07.1965 |
|
Date of Appointment : |
22.12.1992 |
|
PAN No.: |
ADIPJ0332M |
|
DIN No.: |
00283481 |
|
|
|
|
Name : |
Mr. Prem Kumar Arora |
|
Designation : |
Whole-time director |
|
Address : |
A-1/9, Vasant Vihar, New Delhi-110052, India |
|
Date of Birth/Age : |
11.09.1938 |
|
Date of Appointment : |
01.05.2006 |
|
DIN No.: |
00704226 |
|
|
|
|
Name : |
Mrs. Sheetal Arora |
|
Designation : |
Whole-time director |
|
Address : |
A-1/9, Vasant Vihar, New Delhi-110052, India |
|
Date of Birth/Age : |
18.11.1975 |
|
Date of Appointment : |
21.09.2007 |
|
DIN No.: |
00704292 |
|
|
|
|
Name : |
Mr. Arjun Juneja |
|
Designation : |
Whole-time director |
|
Address : |
B-7, Vasant Marg, 2nd Floor, Vasant Vihar, New
Delhi-110057, India |
|
Date of Birth/Age : |
09.05.1986 |
|
Date of Appointment : |
30.09.2009 |
|
PAN No.: |
AGEPJ3227A |
|
DIN No.: |
00704349 |
|
|
|
|
Name : |
Mr. Sanjiv Dwarkanath Kaul |
|
Designation : |
Director |
|
Address : |
22, Siris Road, DLF Qutab Enclave, Phase-3, Gurgaon – 122002, Haryana,
India |
|
Date of Birth/Age : |
25.07.1957 |
|
Date of Appointment : |
24.04.2007 |
|
DIN No.: |
01550413 |
|
|
|
|
Name : |
Ms. Prabha Arora |
|
Designation : |
Director |
|
Address : |
A-1/9, Vasant Vihar, New Delhi - 110052, India |
|
Date of Birth/Age : |
07.07.1948 |
|
Date of Appointment : |
06.02.1995 |
|
PAN No.: |
ADPPA3875K |
|
DIN No.: |
00283527 |
|
|
|
|
Name : |
Mr. Puja Juneja |
|
Designation : |
Director |
|
Address : |
C-4/2, 1st Floor, Safdarjung Development Area, New
Delhi-110029, India |
|
Date of Birth/Age : |
20.02.1973 |
|
Date of Appointment : |
01.05.2006 |
|
PAN No.: |
ADIPJ0330K |
|
DIN No.: |
00504198 |
KEY EXECUTIVES
|
Name : |
Mr. Rajeev Juneja |
|
Designation : |
Chief Executive Officer |
|
Address : |
F-42, Radhey Mohan Drive, Jonapur, Mehrauli, New
Delhi, India |
|
Date of Appointment : |
15.05.2014 |
|
PAN No.: |
ADIPJ0332M |
|
|
|
|
Name : |
Mr. Vinod Kumar Singhania |
|
Designation : |
Chief Financial Officer |
|
Address : |
A-302, Karor CGHS, P. No. 39C, Sec-6, Dwarka, New Delhi - 110075, India |
|
Date of Appointment : |
15/05/2014 |
|
PAN No.: |
AAAPS9371E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ramesh Chand Juneja |
400588 |
|
Rajeev Juneja |
4686779 |
|
Puja Juneja |
1195861 |
|
Prabha Arora |
4988176 |
|
Poonam Juneja |
943385 |
|
P K Arora |
3156 |
|
Arjun Juneja |
5608240 |
|
Monet Limited, India |
2157534 |
|
Dinaz Kaul |
45703 |
|
|
|
|
Total |
20029422 |
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
10.77 |
|
Directors or relatives of Directors |
89.23 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Pharmaceutical and Health Care Products. |
|
|
|
|
Products : |
Pharmaceutical and Health Care Products |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Bhagi Bhardwaj
Gaur and Company Chartered Accountants |
|
Address : |
2952-53/2,
Sangtrashan, D.B Gupta Road, Paharganj, New Delhi-110055, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB8409K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20029422 |
Equity Shares |
Rs.10/- each |
Rs.200.294
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 |
200.294 |
200.294 |
200.294 |
|
(b) Reserves & Surplus |
15354.723 |
11912.600 |
9006.892 |
|
(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) |
15555.017 |
12112.894 |
9207.186 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
44.481 |
61.065 |
64.003 |
|
(c) Other long term
liabilities |
220.675 |
212.718 |
201.067 |
|
(d) long-term provisions |
48.404 |
20.816 |
19.822 |
|
Total
Non-current Liabilities (3) |
313.560 |
294.599 |
284.892 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.340 |
0.000 |
0.000 |
|
(b) Trade payables |
1757.907 |
1495.696 |
2038.853 |
|
(c) Other current liabilities |
1087.379 |
651.875 |
515.121 |
|
(d) Short-term provisions |
3094.169 |
3255.804 |
2191.349 |
|
Total
Current Liabilities (4) |
5939.795 |
5403.375 |
4745.323 |
|
|
|
|
|
|
TOTAL |
21808.372 |
17810.868 |
14237.401 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1953.742 |
1909.255 |
1665.208 |
|
(ii) Intangible Assets |
73.135 |
116.301 |
111.958 |
|
(iii) Capital work-in-progress |
202.646 |
50.926 |
3.441 |
|
(iv) Intangible assets under
development |
11.064 |
13.463 |
0.896 |
|
(b) Non-current Investments |
1095.071 |
876.620 |
270.102 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2188.399 |
1739.335 |
1109.233 |
|
(e) Other Non-current assets |
160.549 |
584.297 |
670.546 |
|
Total
Non-Current Assets |
5684.606 |
5290.197 |
3831.384 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
6890.536 |
3504.561 |
1491.495 |
|
(b) Inventories |
3371.860 |
3126.722 |
3617.346 |
|
(c) Trade receivables |
1315.949 |
1124.056 |
1413.905 |
|
(d) Cash and cash equivalents |
999.576 |
1045.121 |
891.518 |
|
(e) Short-term loans and
advances |
3545.845 |
3720.211 |
2991.753 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
16123.766 |
12520.671 |
10406.017 |
|
|
|
|
|
|
TOTAL |
21808.372 |
17810.868 |
14237.401 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
22885.864 |
19717.678 |
16505.748 |
|
|
Other Income |
436.086 |
309.070 |
339.604 |
|
|
TOTAL
(A) |
23321.950 |
20026.748 |
16845.352 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1129.821 |
803.313 |
618.361 |
|
|
Purchases of Stock-in-Trade |
8664.162 |
7442.519 |
7740.726 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(156.570) |
388.125 |
(774.052) |
|
|
Employees benefits expense |
3543.083 |
2990.464 |
2370.245 |
|
|
Other expenses |
5005.764 |
4185.989 |
3979.597 |
|
|
TOTAL
(B) |
18186.260 |
15810.410 |
13934.877 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
5135.690 |
4216.338 |
2910.475 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.452 |
14.007 |
13.502 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5121.238 |
4202.331 |
2896.973 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
265.473 |
237.815 |
114.713 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
4855.765 |
3964.516 |
2782.260 |
|
|
|
|
|
|
|
Less |
TAX (H) |
1413.780 |
1058.808 |
645.321 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
3441.985 |
2905.708 |
2136.939 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
37.077 |
21.563 |
7.448 |
|
|
TOTAL
EARNINGS |
37.077 |
21.563 |
7.448 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
96.607 |
11.772 |
0.029 |
|
|
Components and Stores parts |
57.674 |
59.642 |
57.852 |
|
|
TOTAL
IMPORTS |
154.281 |
71.414 |
57.881 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
171.85 |
145.07 |
106.69 |
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 |
|
|
4867.133 |
3980.184 |
719.433 |
|
Net cash flow from operating activities |
3550.022 |
3025.268 |
(128.478) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
15.04 |
14.74 |
12.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
22.44 |
21.38 |
17.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.69 |
23.50 |
19.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.33 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.71 |
2.32 |
2.19 |
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 |
200.294 |
200.294 |
200.294 |
|
Reserves & Surplus |
9006.892 |
11912.600 |
15354.723 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
9207.186 |
12112.894 |
15555.017 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.340 |
|
Total
borrowings |
0.000 |
0.000 |
0.340 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
16505.748 |
19717.678 |
22885.864 |
|
|
|
19.459 |
16.068 |
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 |
16505.748 |
19717.678 |
22885.864 |
|
Profit |
2136.939 |
2905.708 |
3441.987 |
|
|
12.95% |
14.74% |
15.04% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
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 to 236, Okhla Industrial Estate, Phase – 111, New Delhi – 110020, India the present address
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10468043 |
04/12/2013 |
3,000,000.00 |
DIRECTOR OF
INDUSTRIES HIMACHAL PRADESH |
Single Window
Clearance Agency, Paonta Sahib, Dis |
B92245323 |
|
2 |
10291096 |
07/06/2011 |
3,000,000.00 |
DIRECTOR OF
INDUSTRIES HIMACHAL PRADESH |
SINGLE WINDOW
CLEARANCE AGAENCY , PONTA SAHIB, DI |
B14582340 |
|
3 |
10248498 |
12/10/2010 |
400,000,000.00 |
Citibank N.A |
Jeevan Bharti
Building, 4th Floor, 124, Connaught |
A97564637 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against the Company not acknowledged as debts: |
|
|
|
In respect of Income Tax under appeal |
12.489 |
2.107 |
|
In respect of Sales Tax under appeal |
1.801 |
0.562 |
FIXED ASSETS
- Land
- Buildings
- Other
building
- Plant and
equipment
- Furniture and
fixtures
- Vehicles
- Motor
vehicles
- Office
equipment
- Other
equipments
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 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.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
58 |
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.