MIRA
INFORM REPORT
|
Report No. : |
346564 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
STALLION LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
817, 8th Floor, Dev Path, Behind Lal Bunglow, Off C. G. Road, Navrangpura, Ahmedabad-380006,
Gujarat |
|
Tel. No.: |
91-79 26441993, 26568501 |
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|
|
Country : |
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|
|
|
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Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
18.01.1988 |
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|
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Com. Reg. No.: |
04-010285 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.100 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U24231GJ1988PTC010285 |
|
|
|
|
IEC No.: |
0898006023 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS04103B |
|
|
|
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PAN No.: [Permanent Account No.] |
AACCS6205N |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter, Importer and Supplier of Pharmaceutical
Products such as Antihypertensive, Cardiovascular, Ant-diabetic,
Anti-infective etc. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 186000 |
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|
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|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company incorporated during the year
1988 having satisfactory track. It is the manufacturer, exporter, importer and supplier of pharmaceuticals such as Antihypertensive, Cardiovascular, Ant-diabetic, Anti-infective etc. For the financial year ended 2014, the company has reported growth in its revenue profile by recording net profit of Rs.12.680 million as against previous year record of Rs.5.800 million from its business operations. Further, rating also takes into account of company’s acceptable financial risk backed by its good networth base, comfortable liquidity position and low debt balance sheet profile of the company. Trade relations are fair. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered 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.
INFORMATION PARTED BY
|
Name : |
Mr. Dhval Shah |
|
Designation : |
Finance Head |
|
Contact No.: |
91-79-26441993 |
|
Date : |
23.10.2015 |
LOCATIONS
|
Registered Office : |
817, 8th Floor, Dev Path, Behind Lal Bunglow, Off C. G. Road, Navrangpura, Ahmedabad-380006,
Gujarat, India |
|
Tel. No.: |
91-79 26441993, 26568501 |
|
Fax No.: |
91-79-26560543 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
C1-B, 305 / 2 /3, GIDC, Kerala (Bavla), District Ahmedabad-382220, Gujarat, India |
|
Tel. No.: |
91-2714-268315, 268386 |
|
Fax No.: |
91-2714-268769 |
DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Vipul Rajnikant Shah |
|
Designation : |
Director |
|
Address : |
E-24, Ayojan Nagar Society, Nava Sharda Mandir Road, Paldi, Ahmedabad-380007, Gujarat, India |
|
Date of Appointment : |
30.05.1990 |
|
DIN No.: |
00747038 |
|
|
|
|
Name : |
Mr. Vijay Jasvantlal Shah |
|
Designation : |
Director |
|
Address : |
26/B, Jain Merchant Society, Near Mahalaxmi Cross Road, Paldi, Ahmedabad-380007, Gujarat, India |
|
Date of Appointment : |
30.05.1990 |
|
DIN No.: |
00747226 |
|
|
|
|
Name : |
Mr. Apurva Sudhir Shah |
|
Designation : |
Director |
|
Address : |
15/115, Agarkar Nagar, Behind Alankar Theatre, Pune-411001, Maharashtra, India |
|
Date of Appointment : |
31.03.2010 |
|
DIN No.: |
01625573 |
KEY EXECUTIVES
|
Name : |
Mr. Dhval Shah |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Jasvantlal Shah |
|
1209500 |
|
Vipul Rajnikant Shah |
|
215000 |
|
Nirmalaben Shah |
|
80000 |
|
Shilpa Shah |
|
50000 |
|
Amisha K Shah |
|
30000 |
|
Sanjay Shah |
|
95000 |
|
Kripa S. Shah |
|
10000 |
|
Apurva Sudhir Shah |
|
120500 |
|
Rutwa V. Shah |
|
100000 |
|
Vaishali S. Shah |
|
20000 |
|
Ishwarlal Shah |
|
20000 |
|
Veena S. Parikh |
|
20000 |
|
Sudhir I Shah |
|
20000 |
|
Pearl Vijaybhai Shah |
|
12000 |
|
Deep Vipulbhai Shah |
|
8000 |
|
Total |
|
2010000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Importer and Supplier of Pharmaceutical
Products such as Antihypertensive, Cardiovascular, Ant-diabetic,
Anti-infective etc. |
|
|
|
|
Products : |
· Antihypertensive · Cardiovascular · Ant-diabetic ·
Anti-infective |
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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 : |
Philippines |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
China ·
Korea |
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Terms : |
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Selling : |
Depend |
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Purchasing : |
Depend |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
·
HDFC Bank Limited ·
ICICI Bank |
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Facilities : |
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Auditors : |
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|
Name : |
Parimal S. Shah and Company Chartered Accountants |
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Address : |
104-105/B, Anand Chambers, Near Old High Court, Under Bridge, Opposite
Muktajivan Color Lab, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-40370601 |
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Fax No.: |
91-79-26460442 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABIPS9324C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Other Related Parties : |
·
V Jashwantlal and Company ·
Medico Labs ·
Espee Pharmachem Private Limited ·
Pharma Care |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,010,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.100
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 |
20.100 |
18.500 |
18.500 |
|
(b) Reserves & Surplus |
44.923 |
29.842 |
23.956 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
1.500 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
65.023 |
49.842 |
42.456 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26.067 |
32.639 |
42.712 |
|
(b) Deferred tax liabilities (Net) |
0.225 |
0.219 |
0.650 |
|
(c) Other long term liabilities |
2.240 |
16.909 |
12.950 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
28.532 |
49.767 |
56.312 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
47.849 |
67.289 |
58.612 |
|
(b) Trade payables |
104.685 |
63.480 |
65.137 |
|
(c) Other current
liabilities |
43.340 |
32.381 |
31.957 |
|
(d) Short-term provisions |
3.487 |
2.553 |
2.652 |
|
Total Current Liabilities (4) |
199.361 |
165.703 |
158.358 |
|
|
|
|
|
|
TOTAL |
292.916 |
265.312 |
257.126 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
69.46 |
69.213 |
70.656 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.013 |
0.013 |
0.013 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.863 |
5.583 |
5.386 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
77.336 |
74.809 |
76.055 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
47.390 |
61.820 |
50.585 |
|
(c) Trade receivables |
145.323 |
111.824 |
108.945 |
|
(d) Cash and cash
equivalents |
0.473 |
0.691 |
1.265 |
|
(e) Short-term loans and
advances |
22.394 |
16.168 |
20.276 |
|
(f) Other current assets |
0 |
0.000 |
0.000 |
|
Total Current Assets |
215.580 |
190.503 |
181.071 |
|
|
|
|
|
|
TOTAL |
292.916 |
265.312 |
257.126 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
516.285 |
371.621 |
320.835 |
|
|
|
Other Income |
0.956 |
1.420 |
0.652 |
|
|
|
TOTAL |
517.241 |
373.041 |
321.487 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
487.673 |
354.991 |
305.077 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.568 |
18.050 |
16.410 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
10.959 |
10.795 |
10.898 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
18.609 |
7.255 |
5.512 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.928 |
1.370 |
1.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
12.681 |
5.885 |
3.912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
312.646 |
211.884 |
144.303 |
|
|
TOTAL EARNINGS |
312.646 |
211.884 |
144.303 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
6.57 |
3.18 |
2.70 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
670.000 |
|
|
|
|
(Increase in
business activity) |
The above information has been parted by Mr. Dhaval Shah (Finance Head)
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 flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.46 |
1.58 |
1.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.35 |
2.73 |
2.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.15 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.14 |
2.00 |
2.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.15 |
1.14 |
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 |
18.500 |
18.500 |
20.100 |
|
Reserves & Surplus |
23.956 |
29.842 |
44.923 |
|
Share Application money pending allotment |
0.000 |
1.500 |
0.000 |
|
Net
worth |
42.456 |
49.842 |
65.023 |
|
|
|
|
|
|
long-term borrowings |
42.712 |
32.639 |
26.067 |
|
Short term borrowings |
58.612 |
67.289 |
47.849 |
|
Total
borrowings |
101.324 |
99.928 |
73.916 |
|
Debt/Equity
ratio |
2.387 |
2.005 |
1.137 |
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 |
320.835 |
371.621 |
516.285 |
|
|
|
15.829 |
38.928 |
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 |
320.835 |
371.621 |
516.285 |
|
Profit |
3.912 |
5.885 |
12.681 |
|
|
1.22% |
1.58% |
2.46% |
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 |
No |
|
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) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
Yes |
|
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% |
Yes |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
From Shareholders, Directors and their Relatives |
13.683 |
16.595 |
|
Total |
13.683 |
16.595 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90096717 |
19/03/2001 |
7,750,000.00 |
BANK OF BARODA |
N.BRANCH, AHMEDABAD, Gujarat, INDIA |
- |
|
2 |
90096614 |
10/09/2015 * |
135,998,000.00 |
BANK OF BARODA |
NAVRANGPURA BRANCH, NARVRANGPURA, AHMEDABAD, Gujarat - 380009, INDIA |
C67204123 |
|
3 |
90097904 |
23/06/2015 * |
135,998,000.00 |
BANK OF BARODA |
NAVRANGPURA BRANCH, NARVRANGPURA, AHMEDABAD, Gujarat - 380009, INDIA |
C64867286 |
|
4 |
90101490 |
23/06/2015 * |
135,998,000.00 |
BANK OF BARODA |
NAVRANGPURA BRANCH, NARVRANGPURA, AHMEDABAD, Gujarat - 380009, INDIA |
C66565631 |
|
5 |
90096338 |
10/06/1994 |
2,200,000.00 |
BANK OF BARODA |
N.BRANCH, AHMEDABAD, Gujarat, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
· Furniture and fixture
· Electrical installation
· Plant and Machinery
· Vehicle
· Computer
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.66.29 |
|
|
1 |
Rs.100.53 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
49 |
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.