MIRA INFORM REPORT
|
Report No. : |
343838 |
|
Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACG ASSOCIATED
CAPSULES PRIVATE LIMITED (W.e.f.10.11.2009) |
|
|
|
|
Formerly Known
as : |
ASSOCIATED CAPSULES
PRIVATE LIMITED |
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|
|
Registered
Office : |
131, Kandivali Industrial Estate, Kandivali (West), Mumbai – 400067, Maharashtra |
|
Tel No : |
91-22-30700118/19 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.07.1961 |
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Com. Reg. No.: |
11-012061 |
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Capital
Investment / Paid-up Capital : |
Rs.5.691 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1961PTC012061 |
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|
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IEC No.: |
Not Available |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA18885G |
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|
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PAN No.: [Permanent Account No.] |
AAACA4769K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Empty Hard Gelatin Capsules. |
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No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (74) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of ‘Orind Estates Private limited' India. It is a manufacturer and exporter of empty hard gelatin capsules. For the financial year ended 2014, company has reported 31.23% sales turnover growth as compared to previous sales turnover and it has maintained decent profitability margins at 21.22% during the year under a review. Rating reflects company's established market position as a leading domestic and global manufacturer of empty hard capsules backed by its well diversified revenues across a large customer base in the domestic and international market provides business stability. Rating also reflects its healthy financial profile characterized by healthy operating accruals, comfortable gearing level and coverage indicators. Trade relations are reported as fair. Payments are reported to be regular and as per commitment. In view of aforesaid, the company can be considered good for normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Medium Term, Fixed Deposits Programme : MAA |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
March 2015 |
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 PARTED BY
|
Name : |
Mr. Amar Mahindra |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9821980422 |
|
Date : |
03.10.2015 |
LOCATIONS
|
Registered Office : |
131, Kandivali Industrial Estate, Kandivali (West), Mumbai – 400067, Maharashtra, India |
|
Tel. No.: |
91-22-30700118/19 |
|
Mobile No.: |
91-9821980422 (Mr. Amar Mahindra) |
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Fax No.: |
91-22-28686152 |
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E-Mail : |
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Website : |
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Area : |
4933 Sq. Mtrs. |
|
Location : |
Owned |
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Corporate Headquarters : |
10th Floor, Dalamal House, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Tel. No.: |
91-22-22872557/ 58/ 59/ 22880461/ 2/ 3/ 22856666/30089444/45 |
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Fax No.: |
91-22-22872560 |
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E-Mail : |
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Corporate Office : |
Scitech Centre 7, Prabhat Nagar, Patel Estate, Jogeshwari (West),
Mumbai – 400102, Maharashtra, India |
|
Tel. No.: |
91-22-26789642/ 43-45 |
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Factory 1 : |
Village Shindewadi, Shirwal, Taluka Khandala, District Satara, |
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Factory 2 : |
Village Aswe, Ashagadh, Dahanu Road, District Thane – 401602,
Maharashtra, India |
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Factory 3 : |
Gat 222, Village Mahalunge Talegaon, Chakan Road, Chakan, District
Pune - 411501, Maharashtra, India |
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Factory 4 : |
Located at Prithampur, Near Indore, Madhya Pradesh, India |
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|
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Regional Office : |
310, |
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Tel. No.: |
91-120-4310072 |
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Fax No.: |
91-120-4310073 |
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|
|
|
Overseas Office : |
Located at: |
DIRECTORS
AS ON: 25.08.2014
|
Name : |
Mr. Ajit Daljit Singh |
|
Designation : |
Whole-time director |
|
Address : |
1-A, Brighton, Rungta Lane, Nepeansea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
20.11.1941 |
|
Qualification : |
M.A. (CANTAB) and Post-Graduation Work at the Harvvard Business School, USA |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00915347 |
|
PAN No.: |
AAIPS7652Q |
|
|
|
|
Name : |
Mr. Jasjit Daljit Singh |
|
Designation : |
Managing Director |
|
Address : |
2-B, Swapnalok, L.J. Marg, Nepeansea Road, Mumbai - 400 006, Maharashtra, India |
|
Date of Birth/Age : |
03.04.1943 |
|
Qualification : |
BE, Mechanical |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00901470 |
|
PAN No.: |
AAGPS7557Q |
|
|
|
|
Name : |
Mr. Karan Jasjit Singh |
|
Designation : |
Director |
|
Address : |
2-B, Swapnalok, L.J. Marg, Nepeansea Road, Mumbai - 400 006, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1979 |
|
Qualification : |
Graduate from Michigan University - USA and Post-Graduation work at the Harvard Business School - USA |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00901342 |
|
PAN No.: |
AAIPS0968B |
|
|
|
|
Name : |
Mr. Jagmohanlal Chamanlal Chopra |
|
Designation : |
Additional Director |
|
Address : |
4th Floor, 42, Tower B, Jollymaker, A 95-97, Cuffe Parade Road, Colaba, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1933 |
|
Date of Appointment : |
01.10.2006 |
|
DIN No.: |
00901556 |
|
|
|
|
Name : |
Mr. Selwyn Mariano Jonas Noronha |
|
Designation : |
Whole-time director |
|
Address : |
B/506, Rock Enclave, Opposite Joy Ice Crean Hindustan Naka, kandivli (West), Mumbai – 400067, Maharashtra, India |
|
Date of Birth/Age : |
11.06.1962 |
|
Date of Appointment : |
01.11.2012 |
|
DIN No.: |
06404486 |
KEY EXECUTIVES
|
Name : |
Mr. Amar Mahindra |
|
Designation : |
Finance manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON : 25.08.2014
|
Names of Shareholders |
No. of Shares |
|
Jasjit Daljit Singh and Kavita Daljit Singh |
244333 |
|
Vijay Kuverba |
18000 |
|
Jasjit Singh HUF |
12765 |
|
Orind
Estates Private Limited, |
580520 |
|
Kavita Singh and Jasjit Singh |
3780 |
|
Nandini Singh Jasjit Singh and Kavita Singh |
1980 |
|
Singh
Family |
180 |
|
Sardr Daljit Singh (HUF) |
5580 |
|
MNT
|
180 |
|
Ajit
Daljit Singh and Jasjit Daljit Singh |
266998 |
|
Priya
Singh Jasjit Singh and Kavita Singh |
1980 |
|
Karan
Singh, Jasjit Singh and Kavita Singh |
1980 |
|
Total |
1138276 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
51.00 |
|
Directors or relatives of Directors |
47.42 |
|
Other top fifty shareholders |
1.58 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Empty Hard Gelatin Capsules. |
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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 : |
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Products : |
Empty Hard Gelatin Capsules |
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Countries : |
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Imports : |
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Products : |
Empty Hard Gelatin Capsules |
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Countries : |
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Terms : |
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Selling : |
Cheque and Credit, (30 Days) |
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Purchasing : |
Cheque and Credit, (30 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
CNK and Associates LLP Chartered Accountants |
|
Address : |
5th Floor, Narain, Chambers, M.G.Road, Vile Parle (East), Mumbai, Maharashtra, India |
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PAN No.: |
AACFC8587E |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company: |
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Subsidiaries: |
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Jointly Controlled
Enterprise: |
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Companies / Firms
over which the Directors have significant
influence or control: Domestic Companies |
[U29100MH1972PTC016053]
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Foreign Companies: |
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Firms and other
entities: |
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CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2400000 |
Equity Shares |
Rs.5/- each |
Rs.12.000 Million |
|
30000 |
Preference Shares
|
Rs.100/- each |
Rs.3.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.15.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1138276 |
Equity Shares |
Rs.5/- each |
Rs.5.691 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 |
5.691 |
5.691 |
5.691 |
|
(b) Reserves & Surplus |
7718.130 |
6429.094 |
5514.093 |
|
(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) |
7723.821 |
6434.785 |
5519.784 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1767.448 |
1633.666 |
1034.445 |
|
(b) Deferred tax liabilities (Net) |
178.951 |
71.750 |
48.465 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
73.576 |
52.364 |
58.366 |
|
Total Non-current
Liabilities (3) |
2019.975 |
1757.780 |
1141.276 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1142.506 |
963.988 |
1064.434 |
|
(b) Trade
payables |
247.983 |
368.777 |
194.264 |
|
(c) Other
current liabilities |
1462.365 |
903.856 |
735.266 |
|
(d) Short-term
provisions |
206.329 |
158.965 |
143.976 |
|
Total Current
Liabilities (4) |
3059.183 |
2395.586 |
2137.940 |
|
|
|
|
|
|
TOTAL |
12802.979 |
10588.151 |
8799.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3300.814 |
1672.746 |
1395.729 |
|
(ii)
Intangible Assets |
2.116 |
2.955 |
0.380 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
276.599 |
746.938 |
94.881 |
|
(b) Non-current Investments |
3648.092 |
2983.766 |
1754.197 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
233.969 |
250.964 |
354.822 |
|
(e) Other
Non-current assets |
7.283 |
5.266 |
1.899 |
|
Total Non-Current
Assets |
7468.873 |
5662.635 |
3601.908 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
750.000 |
1129.247 |
711.040 |
|
(b)
Inventories |
698.394 |
383.888 |
313.321 |
|
(c) Trade
receivables |
2182.323 |
1607.370 |
1155.227 |
|
(d) Cash
and cash equivalents |
790.747 |
867.732 |
873.632 |
|
(e)
Short-term loans and advances |
786.355 |
818.927 |
2021.389 |
|
(f) Other
current assets |
126.287 |
118.352 |
122.483 |
|
Total
Current Assets |
5334.106 |
4925.516 |
5197.092 |
|
|
|
|
|
|
TOTAL |
12802.979 |
10588.151 |
8799.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover Gross |
8743.834 |
6662.497 |
5020.206 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1883.627 |
1508.443 |
1420.194 |
|
|
|
|
|
|
|
Less |
TAX |
593.200 |
512.674 |
475.385 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1290.427 |
995.769 |
944.809 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4208.075 |
3441.681 |
2620.101 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
General Reserve for Dividend Declaration |
0.000 |
150.000 |
110.000 |
|
|
Interim Dividend |
0.000 |
68.296 |
0.000 |
|
|
Tax on Dividend |
0.000 |
11.079 |
1.846 |
|
|
Dividend on Equity Shares |
0.000 |
0.000 |
11.383 |
|
|
Balance
Carried to the B/S |
5498.502 |
4208.075 |
3441.681 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1133.67 |
874.80 |
830.04 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
10000.000 |
Expected Sales (2015-2016) : Rs.10000.000 Million
The above information has been parted by Mr. Amar Mahindra. (Finance
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
628.106 |
282.464 |
43.257 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1910.406 |
1562.794 |
807.066 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.22 |
22.00 |
20.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.23 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.38 |
0.40 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74 |
2.06 |
2.43 |
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 |
5.691 |
5.691 |
5.691 |
|
Reserves & Surplus |
5514.093 |
6429.094 |
7718.130 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5519.784 |
6434.785 |
7723.821 |
|
|
|
|
|
|
long-term borrowings |
1034.445 |
1633.666 |
1767.448 |
|
Short term borrowings |
1064.434 |
963.988 |
1142.506 |
|
Current maturities of
long-term debts |
43.257 |
282.464 |
628.106 |
|
Total
borrowings |
2142.136 |
2880.118 |
3538.060 |
|
Debt/Equity
ratio |
0.388 |
0.448 |
0.458 |
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) |
|
Turnover Gross |
5020.206 |
6662.497 |
8743.834 |
|
|
|
32.714 |
31.240 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover Gross |
5020.206 |
6662.497 |
8743.834 |
|
Profit |
944.809 |
995.769 |
1290.427 |
|
|
18.82% |
14.95% |
14.76% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE
The overall performance of the Company in Financial Year 2013-14 has
been very encouraging. The Company was able to maintain its Global Reach and
Profitability during the year. This has been achieved through improved Plant
Efficiencies. Higher Sales and by aligning itself to meet Global Pharma
Standards.
CORPORATE INFORMATION
Subject and its subsidiaries (collectively referred to as the 'Group') is the second largest manufacturers of Empty Hard Gelatin Capsules and HPMC Capsules. The Company is a major Pharmaceutical Supplier in the Globe for over 50 years. The manufacturing plants are located in and around Mumbai. The Company is ISO Certified having DMF Registration and USA FDA Approved Plants. The Company has worldwide operations, including Satellite Companies at North America, Europe, Croatia and Brazil. The Company caters to over 100 countries in the World.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Foreign currency term loans from banks |
39.622 |
42.090 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand |
1099.718 |
920.185 |
|
Total |
1139.340 |
962.275 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10495627 |
28/07/2014 * |
5,950,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
SHIV BUILDING,
WESTERN EXPRESS HIGHWAY, SAHAR ROA |
C16261687 |
|
2 |
10330738 |
21/12/2012 * |
970,000,000.00 |
STANDARD CHARTERED BANK |
19 RAJAJI SALAI,
CHENNAI, TAMIL NADU - 600001, IND |
B65010670 |
|
3 |
80060327 |
13/06/2011 * |
423,000,000.00 |
STANDARD CHARTERED BANK (ACTING AS LEAD BANK FOR I |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39, G BLOCK, BAN |
B14842884 |
|
4 |
90229198 |
13/06/2011 * |
423,000,000.00 |
STANDARD CHARTERED BANK (ACTING AS LEAD BANK FOR I |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39, G BLOCK, BAN |
B14843114 |
|
5 |
90229192 |
27/03/1997 |
70,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUFFE
PARADE, MUMBAI, MAHARASHTRA - 4 |
- |
|
6 |
90228828 |
24/02/1997 * |
75,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CORPN. OF IND |
163; BACKBAY
RECLAMATION, MUMBAI, MAHARASHTRA - 40 |
- |
|
7 |
90228733 |
23/02/1994 |
37,500,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
CUFFE PARADE, COLABA,
BOMBAY, MAHARASHTRA - 40000 |
- |
|
8 |
90228585 |
20/10/1992 |
15,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
CUFFE PARADE,
COLABA, BOMBAY, MAHARASHTRA - 40000 |
- |
|
9 |
90227713 |
24/02/1997 * |
11,400,000.00 |
ANZ GRINDLAYS BANK LTD. |
90; M. G. ROAD,
MUMBAI, MAHARASHTRA - 400001, INDI |
- |
|
10 |
90231308 |
21/11/1985 * |
200,000.00 |
BANK OF MAHARASHTRA |
SITABULDI, NAGPUR, MAHARASHTRA - 440012, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Building
- Plant and
Machinery
- Computer
- Vehicles
- Furniture and Fixture
- Office equipment
- Computer equipments
Intangible assets
- Computer software
- Know-how
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.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
74 |
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.