MIRA INFORM REPORT
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Report No. : |
345028 |
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Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHARAT SERUMS AND VACCINES LIMITED |
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Formerly Known
As : |
GAUTAM LABORATORIES PRIVATE LIMITED |
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Registered
Office : |
17th Floor, Hoechst House, Nariman Point, Mumbai – 400021,
Maharashtra |
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Tel. No.: |
91-22-66560900 / 66560980 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
29.04.1971 |
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Com. Reg. No.: |
11-015134 |
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Capital
Investment / Paid-up Capital : |
Rs.100.483 Million |
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CIN No.: [Company Identification
No.] |
U24230MH1971PLC015134 |
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IEC No.: |
0394068467 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB01505A |
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PAN No.: [Permanent Account No.] |
AAACB2431M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing, marketing and selling of vaccines. |
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No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (51) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Bharat Serums and Vaccines Limited (BSVL), was promoted by late Dr. Vinod
Draftary in April 1971 and is currently managed by Mr. Bharat Daftary and Dr.
Gautam Daftary. BSVL is a biotechnology based pharmaceutical company engaged
in research and manufacture of life saving drugs. The rating reflects company’s healthy operational risk profile marked
by well-diversified product portfolio, established distribution network and
decent financial base of the company. The rating further derives strength rich experience of the promoters
in the pharmaceutical industry and continued financial support from the
promoter. The company has a 50:50 joint venture company with Cadila
Healthcare Limited (Zydus Cadila) to produce Novel Drug Delivery
System(“NDDS”), for anti-cancer product, developed by BSVL, for the global
markets. Trade relations are reported as fair. Business is active. Payment are
reported to be regular and as per commitment. 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 |
CARE |
|
Rating |
Long term bank facilities = A |
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Rating Explanation |
Adequate degree of safety and low credit risk. |
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Date |
March 24, 2015 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank facilities = A1 |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
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Date |
March 24, 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. Alexander Mascarenus |
|
Designation : |
Finance Executive |
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Contact No.: |
91-22-45043456 |
|
Date: |
12.10.2015 |
LOCATIONS
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Registered Office : |
17th Floor, Hoechst House, Nariman Point, Mumbai – 400021,
Maharashtra, India |
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Tel. No.: |
91-22-66560900/ 66560980 |
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Fax No.: |
91-22-66560901/ 66560903 |
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E-Mail : |
aniket.hirpara@bharatserums.com shipa.likhite@bharatserums.com |
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Website : |
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Area: |
8000 Sq. Ft. |
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Location: |
Owned |
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Locality: |
Commercial |
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Corporate Office : |
Airoli Office 3rd Floor, Liberty Tower, Plot No - K-10, Behind Reliable Plaza, Kalwa Industrial Estate, Airoli, Navi Mumbai – 400708, Maharashtra, India |
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Tel. No.: |
91-22-61383456 |
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Fax No.: |
91-22-61383400 |
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E-Mail : |
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Factory 1 : |
Thane Plant Plot No. A-371-372, Road 27, Wagle Industrial Estate,
Thane – 400604, |
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Tel. No.: |
91-22-25822181 |
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Fax No.: |
91-22-25823640 |
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E-Mail : |
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Factory 2 : |
Ambernath Plant Plot No. K-27, Anand Nagar, Additional M.I.D.C., Ambernath (East),
Maharashtra, India |
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Tel. No.: |
91-251-2621645 |
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Fax No.: |
91-251-2621089 |
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E-Mail : |
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Distribution
Department : |
Bhiwandi, Thane, Maharashtra, India |
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Khoni Animal Farm : |
At Post Khoni, Ambernath M.I.D.C. Road, Khoni-Taloja Link Road, Kalyan,
Thane – 421308, Maharashtra, India |
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Tel. No.: |
91-251-2395107 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Bharat Vinod Daftary |
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Designation : |
Managing director |
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Address : |
114, Sneh Sadan, Churchgate, Reclamation, Mumbai – 400020, Maharashtra, India |
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Date of Birth/Age : |
12.01.1956 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.10.2014 |
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PAN No.: |
ABPPD0877D |
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DIN No.: |
00011518 |
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Name : |
Dr. Gautam Vinod Daftary |
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Designation : |
Managing director |
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Address : |
114, Sneh Sadan, Churchgate, Reclamation, Mumbai – 400020, Maharashtra, India |
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Date of Birth/Age : |
03.10.1959 |
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Qualification : |
Doctor |
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Date of Appointment : |
01.10.2014 |
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PAN No.: |
ABPPD0878N |
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DIN No.: |
00009326 |
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Name : |
Mr. Siddharth Bharat Daftary |
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Designation : |
Whole-time director |
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Address : |
114, Sneh Sadan, Churchgate, Reclamation, Mumbai – 400020, Maharashtra, India |
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Date of Birth/Age : |
28.12.1983 |
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Qualification : |
MSC |
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Date of Appointment : |
01.10.2014 |
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PAN No.: |
AFKPD1429F |
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DIN No.: |
02897197 |
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Name : |
Mr. Suketu Viren Shah |
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Designation : |
Director |
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Address : |
A/52, Darshan Apartments, Mt. Pleasant Road, Malabar Hill, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
04.12.1954 |
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Qualification : |
MBA from Harvard Business School |
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Date of Appointment : |
01.10.2014 |
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DIN No.: |
00033407 |
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Name : |
Mr. Nitin Jagannath Deshmukh |
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Designation : |
Director |
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Address : |
Flat No. 201, Ekta Heritage, 15 Road, Khar (West), Mumbai – 400052, Maharashtra, India |
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Date of Birth/Age : |
07.11.1962 |
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Qualification : |
MBA, MPT (UDCT) |
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Date of Appointment : |
25.09.2009 |
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DIN No.: |
00060743 |
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Name : |
Mr. Ajeet Singh Karan |
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Designation : |
Director |
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Address : |
House No.36, Sector – 37, Arunvihar, Noida – 201303, Uttar Pradesh, India |
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Date of Birth/Age : |
09.12.1965 |
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Qualification : |
IIM (Ahmedabad) |
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Date of Appointment : |
01.10.2014 |
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DIN No.: |
00183622 |
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Name : |
Mr. Sunny Sharma |
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Designation : |
Director |
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Address : |
10, West End Ave Apartment, 11 H, New York - 10023 |
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Date of Birth/Age : |
31.08.1974 |
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Qualification : |
M.B.B.S. MBA from IIM, Bangalore |
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Date of Appointment : |
16.09.2010 |
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DIN No.: |
02267273 |
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Name : |
Mrs. Kavita Vinod Khanna |
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Designation : |
Director |
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Address : |
13/C, ILL Plaza, Little Gibs Road, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
31.08.1961 |
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Date of Appointment : |
30.08.2013 |
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DIN No.: |
00100979 |
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Name : |
Mr. Manu Prafull Daftary |
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Designation : |
Director |
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Address : |
8, Waybridge Lane, Wayland MA Wayland MA 01778 |
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Date of Birth/Age : |
21.06.1957 |
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Qualification : |
B.A. (Eco), BS, MBA (California), CFA |
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Date of Appointment : |
01.10.2014 |
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DIN No.: |
06425237 |
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Name : |
Mr. Girish Bakre |
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Designation : |
Executive Director |
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Address : |
82, Sarnath, 59-B, B. Desai Road, Mumbai – 400026, Maharashtra, India |
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Date of Birth/Age : |
06.09.1960 |
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Date of Appointment : |
01.09.2013 |
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DIN No.: |
00010760 |
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Name : |
Mr. Milind Vaidya |
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Designation : |
Executive Director |
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Address : |
4, Rajashree, Behind Shazy Building, off. Juhu Versova Link Road, Andheri (West), Mumbai – 400058, Maharashtra, India |
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Date of Birth/Age : |
15.06.1958 |
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Date of Appointment : |
01.03.2014 |
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DIN No.: |
02298685 |
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Name : |
Mr. Nafeesa Adil Moloobhoy |
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Designation : |
Additional Director |
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Address : |
Flat No. 5, 3rd Floor, Grosvenor House, Peddar Road, Mumbai - 400026, Maharashtra, India |
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Date of Appointment : |
08.10.2015 |
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DIN No.: |
01052240 |
KEY EXECUTIVES
|
Name : |
Mr. Samir Vinodray Raval |
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Designation : |
Secretary |
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Address : |
B-308, Progressive Celebrity, Plot 71, Sector 15, CBD Belapur, Navi Mumbai - 400614, Maharashtra, India |
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Date of Appointment : |
16.06.2015 |
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PAN No.: |
ADUPR1896C |
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Name : |
Mr. Anil Madhusudan Damle |
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Designation : |
Chief Financial Officer |
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Address : |
B-108, Tulip, Maitri Complex, Pokharan Road No. 2, Majiwade Naka, Thane - 400601, Maharashtra, India |
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Date of Appointment : |
01.05.2014 |
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PAN No.: |
ADFPD4224M |
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|
Name : |
Mr. Alexander Mascarenus |
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Designation : |
Finance Executive |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Vinod G. Daftary |
2073954 |
|
Gaurang S Daftary |
106500 |
|
Ameet S Daftary |
106500 |
|
Gautam V. Daftary |
1839820 |
|
Bharat V. Daftary (HUF) |
776990 |
|
Gautam V. Daftary (HUF) |
776990 |
|
Vinod Daftary (HUF) |
750 |
|
Akshay G. Daftary Jointly with Aarti G. Daftary |
750 |
|
Siddharth B. Daftary Jointly with Bhavna Daftary |
750 |
|
Ansuya V. Daftary Jointly with Vinod G. Daftary |
750 |
|
Nayantara H. Kothari Jointly with Sarala G. Kothari |
135750 |
|
Bharat V. Daftary |
1839820 |
|
Aksipro Diagnostic Private Limited, India |
900000 |
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Bharat V. Daftary Jointly with Bhavna Daftary |
1906200 |
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Gautam V. Daftary Jointly with Aarti Daftary |
1906200 |
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Aarti Daftary Jointly with Gautam Daftary |
1012500 |
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Bhavna Daftary Jointly with Bharat Daftary |
1012500 |
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Agcetech Pharmaceuticals LLP, India |
155562 |
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Czaee Shah |
71000 |
|
Gauri Pohoomul |
71000 |
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Kavita Khanna |
88120 |
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Kotak Mahindra Trusteeship Services Limited - A/c Kotak India Growth
Fund II, India * |
1201801 |
|
Kotak India Private Equity Fund, Mauritius ** |
407727 |
|
Kotak Investment Advisors Limited, India |
29151 |
|
Raj N. Parekh |
300 |
|
Caduceus Asia Mauritius Limited, Mauritius |
699358 |
|
Total |
17120743 |
*The total equity shareholding of Kotak Mahindra Trusteeship Services Limited includes, Sixty One (61) Equity shares with Different Voting Rights.
**The total equity shareholding of Kotak India Private Equity Fund includes, Thirty Nine (39) Equity shares with Differential Voting Rights.
|
Names of Convertible Redeemable Preference Shareholders |
No. of Shares |
|
Kotak Mahindra Trusteeship Services Limited – A/c Kotak India Growth
Fund II, India |
892305 |
|
Kotak Investment Advisors Limited, India |
26938 |
|
Total |
919243 |
|
Names of Compulsorily Convertible Cumulative Preference Shareholder
Series I |
No. of Shares |
|
Kotak India Private Equity Fund |
714119 |
|
Total |
714119 |
|
Names of Compulsorily Convertible Cumulative Preference Shareholder Series
II |
No. of Shares |
|
Caduceus Asia Mauritius Limited, Mauritius |
1342444 |
|
Total |
1342444 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
6.46 |
|
Bodies corporate |
6.34 |
|
Directors or relatives of Directors |
76.80 |
|
Other top fifty shareholders |
3.38 |
|
Venture Capital |
7.02 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the manufacturing, marketing and selling of vaccines. |
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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 : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
BSR and Associates Chartered Accountants |
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Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N. M. Joshi Marg, Mumbai 400011, Maharashtra, India |
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PAN No.: |
AADFB6889R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company
: |
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Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
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Other Related Parties : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20988000 |
Equity Shares |
Rs.5/-each |
Rs.104.940 Million |
|
3012000 |
Preference Shares |
Rs.5/-each |
Rs.15.060 Million |
|
|
Total |
|
Rs.120.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17120743 |
Equity Shares |
Rs.5/-each |
Rs.85.604
Million |
|
2975806 |
Preference Shares |
Rs.5/-each |
Rs.14.879
Million |
|
|
Total |
|
Rs.100.483 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
|
|
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|
(a) Share Capital |
100.483 |
100.483 |
100.483 |
|
(b) Reserves &
Surplus |
2205.471 |
2032.373 |
1739.191 |
|
(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) |
2305.954 |
2132.856 |
1839.674 |
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
718.371 |
649.608 |
623.124 |
|
(b) Deferred tax
liabilities (Net) |
30.121 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
206.456 |
176.207 |
124.426 |
|
(d) long-term provisions |
28.079 |
27.299 |
18.707 |
|
Total Non-current
Liabilities (3) |
983.027 |
853.114 |
766.257 |
|
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|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
838.315 |
660.956 |
736.406 |
|
(b) Trade payables |
344.502 |
311.643 |
214.183 |
|
(c) Other current
liabilities |
540.814 |
335.310 |
344.452 |
|
(d) Short-term provisions |
103.366 |
142.591 |
52.807 |
|
Total Current Liabilities
(4) |
1826.997 |
1450.500 |
1347.848 |
|
|
|
|
|
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TOTAL |
5115.978 |
4436.470 |
3953.779 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
889.961 |
824.894 |
849.776 |
|
(ii) Intangible Assets |
369.794 |
379.668 |
174.732 |
|
(iii) Capital
work-in-progress |
281.445 |
226.006 |
192.715 |
|
(iv) Intangible assets
under development |
780.817 |
757.395 |
830.513 |
|
(b) Non-current
Investments |
475.739 |
408.239 |
328.239 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
19.000 |
|
(d) Long-term Loan and Advances |
408.443 |
288.074 |
215.497 |
|
(e) Other Non-current
assets |
4.175 |
17.733 |
33.277 |
|
Total Non-Current Assets |
3210.374 |
2902.009 |
2643.749 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
766.325 |
536.446 |
567.141 |
|
(c) Trade receivables |
622.591 |
712.303 |
592.755 |
|
(d) Cash and cash
equivalents |
44.658 |
27.855 |
33.010 |
|
(e) Short-term loans and
advances |
246.470 |
222.256 |
93.463 |
|
(f) Other current assets |
225.560 |
35.601 |
23.661 |
|
Total Current Assets |
1905.604 |
1534.461 |
1310.030 |
|
|
|
|
|
|
TOTAL |
5115.978 |
4436.470 |
3953.779 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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SALES |
|
|
|
|
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Income |
3643.958 |
3492.291 |
2652.622 |
|
|
Other Income |
61.486 |
17.786 |
33.543 |
|
|
TOTAL |
3705.444 |
3510.077 |
2686.165 |
|
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Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
909.837 |
829.940 |
778.678 |
|
|
Purchases of
Stock-in-Trade |
387.941 |
256.861 |
359.375 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(87.915) |
38.730 |
(100.518) |
|
|
Employees benefits
expense |
614.493 |
564.203 |
415.464 |
|
|
Other expenses |
1352.549 |
1232.320 |
966.567 |
|
|
TOTAL |
3176.905 |
2922.054 |
2419.566 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
528.539 |
588.023 |
266.599 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
141.184 |
116.882 |
118.794 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
387.355 |
471.141 |
147.805 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
154.745 |
128.527 |
118.250 |
|
|
|
|
|
|
|
Add |
EXCEPTIONAL ITEMS BEFORE
TAX |
0.000 |
0.000 |
(0.477) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
232.610 |
342.614 |
29.078 |
|
|
|
|
|
|
|
Less |
TAX |
30.121 |
20.041 |
(40.382) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
202.489 |
322.573 |
69.460 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
11.83 |
18.84 |
4.06 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
5000.000 |
Expected Sales (2015-16): Rs.6500.000 Million
The above information has been parted by Mr. Alexander Mascarenus
(Finance Executive).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
186.902 |
97.730 |
140.013 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
390.161 |
655.576 |
(11.345) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
2.62 |
9.24 |
5.56 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.05 |
16.84 |
14.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.13 |
11.25 |
6.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.16 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
0.74 |
0.61 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
1.06 |
1.04 |
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 |
100.483 |
100.483 |
100.483 |
|
Reserves & Surplus |
1739.191 |
2032.373 |
2205.471 |
|
Net worth |
1839.674 |
2132.856 |
2305.954 |
|
|
|
|
|
|
long-term borrowings |
623.124 |
649.608 |
718.371 |
|
Short term borrowings |
736.406 |
660.956 |
838.315 |
|
Current Maturities of
Long Term Debt |
140.013 |
97.730 |
186.902 |
|
Total borrowings |
1499.543 |
1408.294 |
1743.588 |
|
Debt/Equity ratio |
0.815 |
0.660 |
0.756 |
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 |
2652.622 |
3492.291 |
3643.958 |
|
|
|
31.654 |
4.343 |
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 |
2652.622 |
3492.291 |
3643.958 |
|
Profit |
69.460 |
322.573 |
202.489 |
|
|
2.62% |
9.24% |
5.56% |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10534842 |
21/11/2014 |
150,000,000.00 |
RBL BANK LIMITED |
SHAHUPURI,KOLHAPUR, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
C35922145 |
|
2 |
10413329 |
22/03/2013 |
200,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, 21 FLOOR, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B71295315 |
|
3 |
10412851 |
22/03/2013 * |
350,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, 21 FLOOR, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B71978852 |
|
4 |
10331779 |
25/07/2012 * |
350,000,000.00 |
EXPORT IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B45661824 |
|
5 |
10320221 |
20/03/2012 * |
100,000,000.00 |
IDBI BANK LIMITED |
DOSTI PINNACLE, GROUND FLOOR, ROAD NO.22, WAGLE INDUSTRIAL ESTATE, THANE WEST, MAHARASHTRA - 400604, INDIA |
B36100238 |
|
6 |
10239209 |
31/07/2010 |
14,309,000.00 |
DEPARTMENT OF BIOTECHNOLOGY |
6-8TH FLOOR, BLOCK NO. 2, CGO COMPLEX, LODHI ROAD, NEW DELHI, DELHI - 110003, INDIA |
A94241536 |
|
7 |
10209223 |
21/10/2010 * |
160,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A96933908 |
|
8 |
10181585 |
29/09/2009 |
65,000,000.00 |
CORORATION BANK |
OVERSEAS BRANCH, 1ST, FLOOR, EARNEST HOUSE, NARIMAN POINT, MAHARASHTRA - 400021, INDIA |
A71369730 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from others |
81.839 |
95.478 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
0.362 |
|
Other loans and advances |
85.000 |
0.000 |
|
Total |
166.839 |
95.840 |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
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.65.02 |
|
|
1 |
Rs.99.88 |
|
Euro |
1 |
Rs.73.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KYP |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
51 |
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.