|
|
|
MIRA INFORM REPORT
|
Report No. : |
503669 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIVIN DRUGS AND PHARMACEUTICALS LIMITED (w.e.f.27.07.2017) |
|
|
|
|
Formerly Known
As : |
EYTAN LABS LIMITED |
|
|
|
|
Registered
Office : |
2A and 3A, New MLA and MPs Colony, Road No.10C, Jubilee Hills,
Hyderabad-500033, Telangana |
|
Mobile No.: |
91-9959456796 (Mr. Acharya) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.07.2011 |
|
|
|
|
Com. Reg. No.: |
36-075704 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 112.849 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232TG2011PLC075704 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0912009543 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AACCE7768E1ZG |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDE02249C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCE7768E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Bulk Drugs and Drug Intermediates. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
was incorporated in the year 2011 and it is engaged in manufacturing of bulk
drugs and drug intermediates. As per
the financials of March 2017, the company has registered a decline in its
revenue as compared to its previous year’s revenue and has reported minimal
profit margin. Rating
takes into consideration the company’s satisfactory track record of business
operations marked by sound net worth base along with comfortable debt
coverage indicators and decent liquidity position. Payments
terms seems to be slow but correct. In view of aforesaid, the subject 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BB (Issuer
Non-Cooperative) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
09.11.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ (Issuer
Non-Cooperative) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
09.11.2017 |
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 17.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Acharya |
|
Designation : |
Manager |
|
Contact No.: |
91-9959456796 |
|
Date : |
14.04.2018 |
91-40-67045635 – Continuously Ringing
91-40-30158186 –
Not Working
LOCATIONS
|
Registered Office : |
2A and 3A, New MLA and MPs Colony, Road No.10C, Jubilee Hills,
Hyderabad-500033, Telangana, India |
|
Tel. No.: |
91-40-67045635 |
|
Mobile No.: |
91-9959456796 (Mr. Acharya) |
|
Fax No.: |
91-40-670456625/30158188 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office
: |
No.8-2-293/82/A/234 and 235, TF-1, 3rd Floor, Empire
Square, |
|
Tel. No.: |
91-40-30158184/ 30158186 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Sy. No 10 and 10D, Gadda Potharam Village, Jinnaram
Mandal, Medak District, |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mrs. Anuradha Botta |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
Plot No 2A, Road No 10C, New MLA and MPS Colony, Gayatri Hills,
Jubilee Hills, Hyderabad-500033, Telangana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1980 |
||||||||||||||||||||
|
Qualification: |
MSC |
||||||||||||||||||||
|
PAN: |
AVGPB3032J |
||||||||||||||||||||
|
Date of Appointment : |
01.10.2013 |
||||||||||||||||||||
|
DIN No.: |
03348653 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Sumanth Botta |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
2A and 3A, New MLA and MPS Colony, Road No.10C, Jubilee Hills, Hyderabad-500033,
Telangana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
08.04.1979 |
||||||||||||||||||||
|
Date of Appointment : |
01.06.2017 |
||||||||||||||||||||
|
DIN No.: |
01981778 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Parvathaiah Botta |
||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||
|
Address : |
2A and 3A, New MLA and MPS Colony, Road No.10C, Jubilee Hills,
Hyderabad-500033, Telangana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
10.12.1954 |
||||||||||||||||||||
|
Qualification: |
MSC |
||||||||||||||||||||
|
Date of Appointment : |
01.10.2013 |
||||||||||||||||||||
|
Pan: |
ADQPB9172R |
||||||||||||||||||||
|
DIN No.: |
01964162 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mrs. Sarada Devi Botta |
||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||
|
Address : |
Plot No 2A, Road No 10 C, New MLA and MPS Colony, Vijaya
Co-Operative Housing Society, Gayatri
Hills Jubilee Hills, Hyderabad-500033, Telangana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
10.04.1956 |
||||||||||||||||||||
|
Qualification: |
B.com |
||||||||||||||||||||
|
Date of Appointment : |
01.10.2013 |
||||||||||||||||||||
|
DIN No.: |
01983672 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
NOTE: Date
of appointment, address and designation of the directors has been updated as per
the latest government registry.
KEY EXECUTIVES
|
Name : |
Mr. Acharya |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Anuradha Botta |
|
500 |
|
Parvathaiah Botta |
|
6483000 |
|
Sarada Devi Botta |
|
500 |
|
Sumanth Botta |
|
35400 |
|
Silpa Botta |
|
500 |
|
Devineni Siva Kumari |
|
500 |
|
Sai Prasad Devineni |
|
500 |
|
Vivin Laboratories Private Limited, India |
|
3454000 |
|
Total |
|
9974900 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
65.37 |
|
Promoters- Body corporate |
34.63 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Bulk Drugs and Drug Intermediates. [Registered Activity] |
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Brand Names : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Agencies Held : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Exports : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Imports : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
NMD and Associates Chartered Accountants |
|
Address : |
Flat No B - 41/A, First Floor, Madhura Nagar , Hyderabad - 500038, Telengana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFN3201G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
INR 10/- each |
INR 160.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11284900 |
Equity Shares |
INR 10/- each |
INR 112.849 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
112.849 |
99.749 |
91.749 |
|
(b) Reserves &
Surplus |
342.243 |
287.580 |
329.819 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
25.000 |
|
Total Shareholders’ Funds
(1) + (2) |
455.092 |
387.329 |
446.568 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
221.427 |
228.021 |
167.245 |
|
(b) Deferred tax
liabilities (Net) |
44.826 |
36.698 |
14.031 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.755 |
1.123 |
0.772 |
|
Total Non-current
Liabilities (3) |
268.008 |
265.842 |
182.048 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
206.887 |
202.774 |
89.395 |
|
(b) Trade payables |
407.977 |
335.989 |
337.757 |
|
(c) Other current liabilities |
53.533 |
88.749 |
103.552 |
|
(d) Short-term provisions |
0.680 |
5.201 |
4.919 |
|
Total Current Liabilities
(4) |
669.077 |
632.713 |
535.623 |
|
|
|
|
|
|
TOTAL |
1392.177 |
1285.884 |
1164.239 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
496.724 |
523.257 |
528.651 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
13.447 |
11.063 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.206 |
6.780 |
10.686 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
503.930 |
543.484 |
550.400 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
436.823 |
439.715 |
373.538 |
|
(c) Trade receivables |
265.261 |
134.742 |
163.691 |
|
(d) Cash and cash
equivalents |
8.061 |
5.585 |
9.164 |
|
(e) Short-term loans and
advances |
177.207 |
161.748 |
66.936 |
|
(f) Other current assets |
0.895 |
0.610 |
0.510 |
|
Total Current Assets |
888.247 |
742.400 |
613.839 |
|
|
|
|
|
|
TOTAL |
1392.177 |
1285.884 |
1164.239 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1524.328 |
1632.993 |
890.060 |
|
|
Other Income |
0.000 |
0.000 |
0.566 |
|
|
TOTAL |
1524.328 |
1632.993 |
890.626 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1106.190 |
1376.736 |
763.044 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
17.183 |
(41.947) |
(103.651) |
|
|
Employees benefits
expense |
69.054 |
59.252 |
42.291 |
|
|
Other expenses |
192.048 |
173.766 |
96.491 |
|
|
TOTAL |
1384.475 |
1567.807 |
798.175 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
139.853 |
65.186 |
92.451 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
84.602 |
66.195 |
32.838 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
55.251 |
(1.009) |
59.613 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
44.860 |
50.562 |
34.266 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
10.391 |
(51.571) |
25.347 |
|
|
|
|
|
|
|
Less |
TAX |
8.128 |
22.668 |
9.385 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.263 |
(74.239) |
15.962 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
153.864 |
0.000 |
153.864 |
|
|
Capital Goods |
5.479 |
6.058 |
5.479 |
|
|
TOTAL IMPORTS |
159.343 |
6.058 |
159.343 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.20 |
(7.44) |
2.19 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
26.430 |
46.500 |
48.500 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(101.566) |
(72.112) |
(37.782) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(80.082) |
(56.935) |
(27.793) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
63.52 |
30.12 |
67.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.75 |
12.12 |
5.44 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
134.62 |
89.08 |
161.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.32 |
0.15 |
0.25 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.28 |
0.12 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.71 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.00 |
1.23 |
0.68 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.47 |
1.63 |
1.20 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.09 |
1.39 |
1.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.65 |
0.98 |
2.82 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.15 |
(4.55) |
1.79 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.16 |
(5.77) |
1.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.50 |
(19.17) |
3.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.33 |
1.17 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.67 |
0.48 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.30 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.03 |
4.78 |
3.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.17 |
1.15 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
91.749 |
99.749 |
112.849 |
|
Reserves & Surplus |
329.819 |
287.580 |
342.243 |
|
Share Application money pending allotment |
25.000 |
0.000 |
0.000 |
|
Net
worth |
446.568 |
387.329 |
455.092 |
|
|
|
|
|
|
Long Term borrowings |
167.245 |
228.021 |
221.427 |
|
Short Term borrowings |
89.395 |
202.774 |
206.887 |
|
Current Maturities of Long term debt |
48.500 |
46.500 |
26.430 |
|
Total
borrowings |
305.140 |
477.295 |
454.744 |
|
Debt/Equity
ratio |
0.683 |
1.232 |
0.999 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
890.060 |
1632.993 |
1524.328 |
|
|
|
83.470 |
-6.654 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
890.060 |
1632.993 |
1524.328 |
|
Profit |
15.962 |
(74.239) |
2.263 |
|
|
1.79% |
(4.55%) |
0.15% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
STATE OF COMPANY AFFAIRS:
On a Yearly Basis the Company has achieved a net turnover of INR 15424.328 Million as compared to INR 1632.993 Million in the Previous Financial Year, but company has reported a net profit of INR 2.263 Million compare to previous year net loss of INR (74.239 Million). The Directors are taking all possible steps to achieve the positive results for the next financial year.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
89.555 |
88.025 |
|
Total |
89.555 |
88.025 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G55411839 |
100126162 |
HDFC
BANK LIMITED |
23/06/2017 |
- |
- |
643700000.0 |
HDFC
BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G54306576 |
100124545 |
HDFC
BANK LIMITED |
27/04/2017 |
- |
- |
343700000.0 |
HDFC
BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G73345001 |
10457161 |
STATE
BANK OF INDIA |
25/11/2011 |
09/11/2015 |
08/01/2018 |
509500000.0 |
INDUSTRIAL
FINANCE BRANCH, MID CORPORATE GROUPRAJBHAVAN ROAD,
SOMAJIGUDAHYDERABADTG500082IN |
CONTINGENT
LIABILITIES:
(INR in Million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Outstanding Bank guarantees |
0.400 |
0.000 |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Plant and equipment
- Computer 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 records 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
|
INR |
|
US Dollar |
1 |
INR 65.45 |
|
UK Pound |
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.