MIRA INFORM REPORT
|
Report No. : |
351249 |
|
Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ASIAN HEART INSTITUTE AND RESEARCH CENTRE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
GN Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051,
Maharashtra |
|
Tel. No.: |
91-22-66986666 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.04.1998 |
|
|
|
|
Com. Reg. No.: |
11-114343 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 430.669 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110MH1998PTC114343 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Providing Healthcare Services |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Asian Heart Institute and Research Centre Private Limited was
incorporated in the year 1998 is a cardiac hospital, provides cardiology
services. The rating derive strength from the experience and resourcefulness of
the promoter group, proven track record as well-established brand of the
hospital in cardiac care services and relatively stable operational
parameters. Rating also factors on company’s robust financial profile, strong
capital structure backed by its zero debt balance sheet profile. Trade relations are fair. Business is active. Payments terms are
reported to be regular and as per commitment. In view of strong brand name, the company can be considered good for
business dealings with its 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.
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.
INFORMATION DENIED BY
|
Name : |
Mr. Arvind Iyyer |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-66986666 |
|
Date : |
21.11.2015 |
LOCATIONS
|
Registered Office : |
GN Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Tel. No.: |
91-22-66986666 |
|
Fax No.: |
91-22-66986506 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mayashanker Verma |
|
Designation : |
Director |
|
Address : |
A-55,Belvedere Park,Dlf City, Phase -Iii, Gurgaon, 122002, Haryana, India |
|
Date of Birth/Age : |
05.11.1938 |
|
Date of Appointment : |
23.09.2002 |
|
DIN No.: |
00115431 |
|
|
|
|
Name : |
Ramakanta Madanmohan Panda |
|
Designation : |
Director |
|
Address : |
1001, Chitra Apts., 10th Floor, West Avenue, 12th Road, Santacruz (West), Mumbai - 400054, Maharashtra, India |
|
Date of Birth/Age : |
03.04.1954 |
|
Date of Appointment : |
03.04.998 |
|
DIN No.: |
01161791 |
|
|
|
|
Name : |
Madhukar Ramchandra Chandurkar |
|
Designation : |
Director |
|
Address : |
12, Iris Building, Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India |
|
Date of Birth/Age : |
05.04.1938 |
|
Date of Appointment : |
23.09.2002 |
|
DIN No.: |
00012731 |
|
|
|
|
Name : |
Santrupt Misra |
|
Designation : |
Director |
|
Address : |
3101, 31 Zahra Tower, Dr. Moses Road, Worli, Mumbai - 400018, Maharashtra, India |
|
Date of Appointment : |
14.02.2010 |
|
DIN No.: |
00013625 |
|
|
|
|
Name : |
Dilip Bhanushankar Trivedi |
|
Designation : |
Director |
|
Address : |
64, Parijat, 6th Road,, J.V.P.D. Scheme, Vileparle (West), Mumbai - 400056, Maharashtra, India |
|
Date of Birth/Age : |
08.02.1954 |
|
Date of Appointment : |
23.09.2002 |
|
DIN No.: |
00331175 |
|
|
|
|
Name : |
Dushyant Anjaria |
|
Designation : |
Director |
|
Address : |
A/3 Vanita Niketan, L.T.Road, Borivali (West), Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
27.09.1950 |
|
Date of Appointment : |
23.09.2002 |
|
DIN No.: |
01470277 |
|
|
|
|
Name : |
Ramesh Morbia Jethalal |
|
Designation : |
Alternate Director |
|
Address : |
601 - B, Kailas Tower, R Narkar Marg, Ghatkopar (East), Mumbai - 400075, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1954 |
|
Date of Appointment : |
23.09.2002 |
|
DIN No.: |
02411488 |
|
|
|
|
Name : |
Pradip Jethalal Morbia |
|
Designation : |
Director |
|
Address : |
415, Kings Row, Port-Neches, Texas, Port Neches, 776515400, , United States Of America |
|
Date of Birth/Age : |
27.01.1957 |
|
Date of Appointment : |
23.09.2002 |
|
DIN No.: |
02595329 |
|
|
|
|
Name : |
Sonal Ramakanta Panda |
|
Designation : |
Director |
|
Address : |
401, The Orchid, 12th Road, Khar (West), Mumbai - 400052, Maharashtra, India |
|
Date of Appointment : |
25.08.2015 |
|
DIN No.: |
02640454 |
KEY EXECUTIVES
|
Name : |
Riddhi Suresh Badiyani |
|
Designation : |
Secretary |
|
Address : |
407, Shubh Sandesh, Hansraj Lane, Byculla, Mumbai - 400027, Maharashtra, India |
|
Date of Appointment : |
01.07.2015 |
|
PAN No.: |
AKVPB8620N |
MAJOR SHAREHOLDERS
AS ON 29.09.2014
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
4.64 |
|
Bodies corporate |
64.75 |
|
Directors or relatives of Directors |
12.28 |
|
Other top fifty shareholders |
18.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Healthcare Services |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
||||||||||||
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|
||||||||||||
|
Customers : |
Not Divulged
|
||||||||||||
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|
|
||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Allahabad Bank, Industrial Finance Branch,37,Mumbai Samachar Marg, Fort, Mumbai - 400023, Maharashtra, India |
|
Auditors : |
|
|
Name : |
Mukund M. Chitale and Company Chartered Accountants |
|
Address : |
205 Agarwal Shyamkamal- Vile Parle (East), Mumbai, Maharashtra, India |
|
PAN No.: |
AAAFM2030L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Joint venture : |
Asian Dental Institute Private Limited |
|
|
|
|
Subsidiary Company
: |
Asian Spa Private Limited |
|
|
|
|
Holding Company : |
Asian Hospitals And Healthcare Private Limited |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Asian Health Assist Worldwide Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43066861 |
Equity Shares |
Rs.10/- each |
Rs. 430.669
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 |
430.669 |
430.669 |
430.669 |
|
(b) Reserves & Surplus |
953.905 |
810.904 |
704.306 |
|
(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) |
1384.574 |
1241.573 |
1134.975 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
13.258 |
|
(b) Deferred tax liabilities (Net) |
112.252 |
109.241 |
116.159 |
|
(c) Other long term
liabilities |
0.000 |
13.539 |
9.257 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
112.252 |
122.780 |
138.674 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
96.009 |
90.776 |
86.142 |
|
(c) Other
current liabilities |
170.251 |
142.617 |
162.182 |
|
(d) Short-term
provisions |
65.301 |
60.417 |
100.317 |
|
Total Current
Liabilities (4) |
331.561 |
293.810 |
348.641 |
|
|
|
|
|
|
TOTAL |
1828.387 |
1658.163 |
1622.290 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1096.458 |
1156.416 |
1108.050 |
|
(ii)
Intangible Assets |
9.655 |
13.278 |
15.897 |
|
(iii)
Capital work-in-progress |
255.359 |
258.503 |
310.051 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.550 |
1.550 |
1.550 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
33.084 |
31.273 |
9.553 |
|
(e) Other
Non-current assets |
3.875 |
2.764 |
2.010 |
|
Total Non-Current
Assets |
1399.981 |
1463.784 |
1447.111 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
259.215 |
60.623 |
59.560 |
|
(b)
Inventories |
57.365 |
53.056 |
40.983 |
|
(c) Trade
receivables |
11.356 |
14.713 |
14.264 |
|
(d) Cash and
cash equivalents |
70.309 |
43.789 |
38.941 |
|
(e)
Short-term loans and advances |
28.285 |
19.962 |
19.113 |
|
(f) Other
current assets |
1.876 |
2.236 |
2.318 |
|
Total
Current Assets |
428.406 |
194.379 |
175.179 |
|
|
|
|
|
|
TOTAL |
1828.387 |
1658.163 |
1622.290 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1296.500 |
1144.800 |
1146.300 |
|
|
Other Income |
23.100 |
11.600 |
16.600 |
|
|
TOTAL |
1319.600 |
1156.400 |
1162.900 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
947.700 |
859.400 |
859.000 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
371.900 |
297.000 |
303.900 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.700 |
2.400 |
11.700 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
370.200 |
294.600 |
292.200 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
70.800 |
69.500 |
64.800 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
299.400 |
225.100 |
227.400 |
|
|
|
|
|
|
|
Less |
TAX |
106.000 |
68.000 |
66.100 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
193.400 |
157.100 |
161.300 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
NA |
16.494 |
42.989 |
|
|
TOTAL EARNINGS |
NA |
16.494 |
42.989 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Consumables |
NA |
4.100 |
3.517 |
|
|
Capital Goods |
NA |
1.173 |
4.062 |
|
|
Others |
NA |
4.139 |
0.488 |
|
|
TOTAL IMPORTS |
NA |
9.412 |
8.067 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.49 |
3.64 |
3.74 |
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 |
|
Net cash flow from (used in) operation |
367.568 |
282.811 |
171.762 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
14.92 |
13.72 |
14.07 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
28.68 |
25.94 |
26.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.05 |
16.10 |
17.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.18 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
0.66 |
0.50 |
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 |
430.669 |
430.669 |
430.669 |
|
Reserves & Surplus |
704.306 |
810.904 |
953.905 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1134.975 |
1241.573 |
1384.574 |
|
|
|
|
|
|
long-term borrowings |
13.258 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
13.258 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.012 |
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 |
1146.300 |
1144.800 |
1296.500 |
|
|
|
-0.131 |
13.251 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1146.300 |
1144.800 |
1296.500 |
|
Profit |
161.300 |
157.100 |
193.400 |
|
|
14.07% |
13.72% |
14.92% |
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 |
No |
|
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 |
|
|
21 |
Banking facility details |
No |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10267457 |
22/12/2010 |
278,400,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE
BRANCH,37,MUMBAI SAMACHAR MARG, |
B05830088 |
|
2 |
10112226 |
19/05/2008 |
2,424,067.00 |
GE CAPITAL SERVICES INDIA |
AIFCS BUILDING,IST FLOOR, 1,RAFI MARG, NEW DELHI, Delhi - 110001, INDIA |
A41118944 |
|
3 |
90141435 |
03/03/2005 |
613,700,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE
BRANCH, APPEJAY HOUSE3; DINSHA |
- |
|
4 |
90145426 |
26/05/2006 * |
613,700,000.00 |
ALLAHABAD BANK I.F.BRANCH |
APEEJAY HOUSE, 3, DINSHA WACHHA ROAD, MUMBAI, Maharashtra - 400020, INDIA |
- |
|
5 |
90146668 |
25/06/2004 |
802,620.00 |
ICICI BANK LTD. |
BANDRA KURLA COMPLEX, WTC COMPLEX; COLABA, MUMBAI, Maharashtra - 400051, INDIA |
- |
|
6 |
90141004 |
26/03/2003 * |
505,000,000.00 |
UNION BANK OF INDIA |
PRINCESS STREET BRANCH, DEVKARAN MANSION; SAMALDAS GANDHI MARG, MUMBAI, Maharashtra - 400002, INDIA |
- |
|
7 |
90146199 |
27/12/2002 * |
150,000,000.00 |
UNION BANK OF INDIA |
PRINCESS STREET
BRANCH, DEVKARAN MANSION SAMALDAS |
- |
|
8 |
90143451 |
09/06/2004 * |
150,000,000.00 |
BANK OF INDIA |
MAHALAXMI BRANCH, 8-A; BULABHAI DESAI ROAD, MUMBAI, Maharashtra - 400026, INDIA |
- |
|
9 |
90143444 |
14/06/2001 |
200,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIAQ |
IDBI TOWER, WTC COMPLEX; COLABA, MUMBAI, Maharashtra - 400005, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- 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. 66.09 |
|
UK Pound |
1 |
Rs. 101.04 |
|
Euro |
1 |
Rs. 70.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.