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|
MIRA INFORM REPORT
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Report No. : |
504463 |
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Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPRATECH MICROPATH LABORATORY AND RESEARCH INSTITUTE PRIVATE LIMITED |
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Registered
Office : |
Kedar, 1st Floor, Opposite Krupa Petrol
Pump, Near Parimal Garden, Ellisbridge, Ahmedabad - 380006, Gujarat |
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Tel. No.: |
91-79-40408181/ 82/ 83 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
29.10.2013 |
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Com. Reg. No.: |
04-077365 |
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Capital
Investment / Paid-up Capital : |
INR 0.500 Million |
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CIN No.: [Company Identification
No.] |
U85195GJ2013PTC077365 |
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GSTN : [Goods & Service Tax
Registration No.] |
24AATCS8491F1ZQ |
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IEC No.: [Import-Export Code No.] |
0814012451 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AATCS8491F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Providing Pathologist Laboratory Services.
[Registered Activity and also Confirmed by Management] |
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No. of Employees
: |
550 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 248000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2013 having fine track record. It
is engaged in providing pathologist laboratory services. For the financial year 2017, the company has achieved decent growth of
nearly 21% in its revenue as compared to its previous year along with fair
profit margin during the year. Rating takes into consideration, the healthy financial risk profile
marked by adequate networth base and strong debt protection metrics. Rating continues to derive strength from its established track record
of its business operation backed by its considerable experience of its
promoters. However, these rating strengths get partially offset by its exposure
in highly competitive and fragmented service industry. Payment seems to be regular. 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
|
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 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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
31-03-2016.
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 19.04.2018
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 PARTED BY
|
Name : |
Mr. Mit Javeri |
|
Designation : |
Finance Manager |
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Contact No.: |
91-7698009821 |
|
Date : |
17.04.2018 |
LOCATIONS
|
Registered Office : |
Kedar, 1st Floor, Opposite Krupa Petrol
Pump, Near Parimal Garden, Ellisbridge, Ahmedabad - 380006, Gujarat, India |
|
Tel. No.: |
91-79-40408181/ 82/ 83 |
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Mobile No.: |
91-7698009821 (Mr. Mit Javeri) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
10000 Sq. ft. |
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Location : |
Owned |
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Locality : |
Commercial |
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Lab/ Centre : |
Located at: · Udaipur · Jamnagar · Bhavnagar · Ahmedabad · Baroda · Surat ·
Himmatnagar |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sandip Chandrakant Shah |
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Designation : |
Director |
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Address : |
6-Heritage Residency, Near Heritage Homes, Thaltej, Ahmedabad 380054, Gujarat, India |
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Date of Birth/Age : |
30.08.1963 |
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Date of Appointment : |
29.10.2013 |
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DIN No.: |
03073470 |
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Other Directorship :
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Name : |
Mrs. Bhavini Sandip Shah |
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Designation : |
Director |
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Address : |
6-Heritage Residency, Near Heritage Homes, Thaltej, Ahmedabad 380054, Gujarat, India |
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Date of Birth/Age : |
16.04.1963 |
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Date of Appointment : |
29.10.2013 |
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DIN No.: |
03544948 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Mit Javeri |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Sandip Shah |
34250 |
68.50 |
|
Bhavini Shah |
15350 |
30.70 |
|
Jaydeep Shah |
150 |
0.30 |
|
Rupal Shah |
125 |
0.25 |
|
Malhar Shah |
125 |
0.25 |
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|
|
|
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Total |
50000 |
100.00 |
AS ON 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in Providing Pathologist Laboratory Services.
[Registered Activity and also Confirmed by Management] |
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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 : |
Pathologist Laboratory Services |
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Countries : |
Kenya |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit [60 Days] |
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Purchasing : |
Credit [30, 60 and 90 Days] |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
550 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited · State Bank of Mysore |
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Facilities : |
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Auditors 1 : |
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|
Name : |
Mr. Sunil Kanaiyalal Mehta Chartered Accountant |
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Address : |
7, Basant Bahar Bunglow, Bopal, Ahmedabad – 380058, Gujarat, India |
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PAN No.: |
AAPPM5006K |
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Auditors 2 : |
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Name : |
R Subramanian and Company LLP Chartered Accountants |
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Address : |
No 6 Krishnaswamy Avenue, Luz Mylapore, Chennai 600004, Tamilnadu,
India |
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PAN No.: |
AAAFR0602F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Firms in which directors have significant influences: |
· Satyam Supratech Micropath Laboratory · Labcore Speciality Laboratory · Supratech Micropath Laboratory Bhavnagar · Bindish Supratech Diagnostic Laboratory |
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Trust in which a Director is a Trustee: |
Sarvodya Charitable Trust |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 Million |
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|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 Million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
86.494 |
68.837 |
38.162 |
|
(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) |
86.994 |
69.337 |
38.662 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
61.688 |
17.410 |
72.874 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
3.059 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
64.747 |
17.410 |
72.874 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
31.522 |
35.302 |
0.000 |
|
(b)
Trade payables |
50.992 |
55.238 |
45.582 |
|
(c)
Other current liabilities |
22.476 |
13.307 |
3.516 |
|
(d)
Short-term provisions |
1.778 |
0.000 |
17.207 |
|
Total
Current Liabilities (4) |
106.768 |
103.847 |
66.305 |
|
|
|
|
|
|
TOTAL |
258.509 |
190.594 |
177.841 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
117.758 |
72.778 |
66.919 |
|
(ii)
Intangible Assets |
0.658 |
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 |
0.188 |
0.188 |
0.495 |
|
(c) Deferred tax assets
(net) |
12.940 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
11.778 |
10.841 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.090 |
|
Total
Non-Current Assets |
143.322 |
83.807 |
67.504 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
20.594 |
22.557 |
15.755 |
|
(c)
Trade receivables |
84.494 |
71.735 |
56.782 |
|
(d)
Cash and cash equivalents |
2.493 |
1.666 |
1.315 |
|
(e)
Short-term loans and advances |
7.606 |
10.750 |
19.793 |
|
(f)
Other current assets |
0.000 |
0.079 |
16.692 |
|
Total
Current Assets |
115.187 |
106.787 |
110.337 |
|
|
|
|
|
|
TOTAL |
258.509 |
190.594 |
177.841 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
501.509 |
414.805 |
348.785 |
|
|
|
Other Income |
0.625 |
0.205 |
0.230 |
|
|
|
TOTAL (A) |
502.134 |
415.010 |
349.015 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Reagents, Chemicals, Surgical and Laboratory
Supplies consumed |
196.062 |
176.844 |
153.574 |
|
|
|
Increase (Decrease) in Stock |
0.000 |
0.000 |
0.104 |
|
|
|
Employees benefits expense |
116.054 |
72.448 |
43.215 |
|
|
|
Other expenses |
125.254 |
92.611 |
84.957 |
|
|
|
Provision for bad and doubtful debt |
15.238 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
452.608 |
341.903 |
281.850 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
49.526 |
73.107 |
67.165 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.324 |
6.145 |
7.928 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
43.202 |
66.962 |
59.237 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.985 |
18.737 |
18.807 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
22.217 |
48.225 |
40.430 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.560 |
17.550 |
15.099 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
17.657 |
30.675 |
25.331 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale of Services |
8.343 |
7.174 |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Consumables |
0.601 |
1.068 |
|
|
|
|
Machinery Spares |
0.184 |
0.000 |
|
|
|
TOTAL IMPORTS |
0.785 |
1.068 |
NA
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
353.13 |
613.50 |
506.61 |
|
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
|
Sales Turnover (Approximately) |
|
590.000 |
500.000 |
|
|
|
(Due to Business
Growth) |
|
Expected Sales (2018-2019): INR 740.000 Million
The above information has been parted by Mr. Mit Javeri (Finance
Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term Borrowings |
10.650 |
4.870 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
48.191 |
64.405 |
NA |
|
|
|
|
|
|
Net Cash flow / (used in) Operating Activities |
29.129 |
45.935 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
61.50 |
63.12 |
59.42 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.94 |
5.78 |
6.14 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
94.93 |
114.01 |
108.33 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.40 |
3.24 |
4.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.42 |
1.00 |
1.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.66 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.19 |
0.83 |
1.88 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.23 |
1.50 |
1.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.36 |
1.05 |
1.73 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.83 |
11.90 |
8.47 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.52 |
7.40 |
7.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.83 |
16.09 |
14.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.30 |
44.24 |
65.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.08 |
1.03 |
1.66 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.89 |
0.81 |
1.43 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.36 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
207.72 |
115.16 |
145.75 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.08 |
1.03 |
1.66 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
38.162 |
68.837 |
86.494 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
38.662 |
69.337 |
86.994 |
|
|
|
|
|
|
Long-term borrowings |
72.874 |
17.410 |
61.688 |
|
Short term borrowings |
0.000 |
35.302 |
31.522 |
|
Current Maturities of Long term debt |
0.000 |
4.870 |
10.650 |
|
Total
borrowings |
72.874 |
57.582 |
103.860 |
|
Debt/Equity ratio |
1.885 |
0.830 |
1.194 |
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 |
348.785 |
414.805 |
501.509 |
|
|
|
18.929 |
20.902 |
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 |
348.785 |
414.805 |
501.509 |
|
Profit |
25.331 |
30.675 |
17.657 |
|
|
7.26% |
7.40% |
3.52% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G41555244 |
100091400 |
KOTAK MAHINDRA BANK LIMITED |
07/04/2017 |
- |
- |
8300000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
G41557679 |
100091412 |
KOTAK MAHINDRA BANK LIMITED |
07/04/2017 |
- |
- |
16800000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
3 |
G39016860 |
100085145 |
HDFC BANK LIMITED |
02/03/2017 |
- |
- |
1553000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
G33948290 |
100073469 |
HDFC BANK LIMITED |
01/08/2016 |
- |
- |
1080000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
G07097181 |
100037231 |
HDFC BANK LIMITED |
23/06/2016 |
- |
- |
1443000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
G02311918 |
100022810 |
HDFC BANK LIMITED |
19/04/2016 |
- |
- |
2438000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
C82337395 |
10627545 |
HDFC BANK LIMITED |
08/03/2016 |
- |
- |
7500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
C76438084 |
10614468 |
HDFC BANK LIMITED |
06/01/2016 |
- |
- |
4225000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
C44303907 |
10550517 |
HDFC BANK LIMITED |
22/01/2015 |
- |
- |
1245000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
C44303451 |
10550515 |
HDFC BANK LIMITED |
22/01/2015 |
- |
- |
4530000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
11 |
C32732455 |
10529821 |
HDFC BANK LIMITED |
16/10/2014 |
- |
- |
6886000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
12 |
G60370756 |
100091434 |
KOTAK MAHINDRA BANK LIMITED |
07/04/2017 |
- |
18/09/2017 |
24900000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Demand loan from Directors |
0.823 |
24.755 |
|
Demand loan from Shareholders |
0.000 |
2.186 |
|
|
|
|
|
Total |
0.823 |
26.941 |
BACKGROUND
Subject was established on 01.10.2013 by way of Conversion into Private Limited
company from a Partnership firm. The Company is into the business of Pathology
Services and is currently the market leader for pathology services in
Gujarat.
FIXED ASSETS:
· Furniture
· Computer
· Factory Building
· Vehicles
· Motor Car
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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 |
INR 65.68 |
|
UK Pound |
1 |
INR 93.98 |
|
Euro |
1 |
INR 81.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
YES |
|
--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.