|
|
|
MIRA INFORM REPORT
|
Report No. : |
504837 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MERIL LIFE SCIENCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bilakhia House, Survey No. 135 / 139, Muktanand Marg, Chala, Vapi –
396191, Gujarat |
|
Tel. No.: |
91-260-3052100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.06.2007 |
|
|
|
|
Com. Reg. No.: |
04-051137 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 925.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239GJ2007PTC051137 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
5207017977 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAFCM1444G1ZT |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
TIN No.: |
24250801064 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM1444G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of manufacturing
and selling of Stent, Balloon and its components. (Registered
Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
750 (Approximately) |
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+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Bilakhia Group” and was incorporated
in the year 2007. It is engaged in the manufacturing of coronary and
peripheral stents and balloon catheters.
|
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 Borrowing = A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
15.12.2017 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Borrowing = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
15.12.2017 |
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 20.04.2018
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. Nirav Joshi |
|
Designation : |
Manager |
|
Contact No.: |
91-260-3052125 |
|
Date : |
18.04.2018 |
LOCATIONS
|
Registered Office/Factory : |
Bilakhia House, Survey No. 135 / 139, Muktanand Marg, Chala, Vapi –
396191, Gujarat, India |
|
Tel. No.: |
91-260-3052100 |
|
Fax No.: |
91-260-3052125 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
International
Sales, Mumbai: |
301, A – Wing, Business Square, Chakala, Andheri Kurla Road, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
|
|
|
India Sales,
Mumbai: |
512/513, Midas tower, Sahar Plaza, Andheri(E), Mumbai - 400059, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Nanubhai Premjibhai Bambharolia |
|
Designation : |
Whole-Time Director |
|
Address : |
Plot No. 147 and 148, Opposite Rofel College, GIDC, VAPI, Taluka - Pardi Vapi 396195, Gujarat, India |
|
Date of Birth/Age : |
01.06.1955 |
|
Date of Appointment : |
01.01.2013 |
|
PAN No.: |
ABOPB8282A |
|
DIN No.: |
00089481 |
|
|
|
|
Name : |
Mr. Rajnikant Gandalal Vyas |
|
Designation : |
Whole-Time Director |
|
Address : |
B – 602, Eternia, Main Street, Hiranandani Gardens, Powai, Mumbai – 400076,
Maharashtra, India |
|
Date of Birth/Age : |
04.11.1945 |
|
Date of Appointment : |
01.08.2012 |
|
PAN No.: |
ABOPB8282A |
|
DIN No.: |
00837447 |
|
|
|
|
Name : |
Mr. Utpalkumar Devendrakumar Thakor |
|
Designation : |
Whole-Time Director |
|
Address : |
203, Samrajya Apr – 1, Royal Residency, Gokulvihar Township, Chharwara
Road, Vapi – 396191, Gujarat, India |
|
Date of Birth/Age : |
04.01.1966 |
|
Date of Appointment : |
23.03.2011 |
|
PAN No.: |
AARPT3250A |
|
DIN No.: |
03463537 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh Jain |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 24, Monalisa Apartments St. John Bapist Road, Bandra (West), Mumbai-400050, Maharashtra, India |
|
Date of Appointment : |
10.05.2016 |
|
PAN No.: |
ABJPJ2089A |
|
|
|
|
Name : |
Mr. Nirav Joshi |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Micro Life Sciences Private Limited, India |
|
59359999 |
|
Micro Life Sciences Private Limited Jointly with Mr. Anjum Bilakia |
|
1 |
|
Total |
|
59360000 |
|
Names of 8%
Non-Convertible, Non-Cumulative, Redeemable Preference share Shareholders |
|
No. of Shares |
|
Micro Life Sciences Private Limited, India |
|
33150000 |
|
Total |
|
33150000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 11.08.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing
and selling of Stent, Balloon and its components. (Registered
Activity and also Confirmed by management) |
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Products / Services
: |
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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 : |
Stent, Ballon and its components |
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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 : |
Advance Payment, Cheque and Credit / NEFT /RTGS |
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Purchasing : |
Advance Payment, Cheque and Credit / NEFT /RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
750 (Approximately) |
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Bankers : |
|
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||||||||||||||||||||||
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai -400018, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
· Micro Life Sciences Private Limited [U24119GJ2006PTC048361] |
|
|
|
|
Ultimate Holding
Company: |
· Bilakhia Holdings Private Limited |
|
|
|
|
Fellow Subsidiary Company: |
· Meril Diagnostics Private Limited [U33110GJ2011PTC064994] · Meril Endo Surgery Private Limited U33110GJ2011PTC065366 · Meril Life Sciences India Private Limited · Meril GmbH, Germany · Doc Med Comercio Importacao E Exportacao Limited., Brazil · Meril Inc, USA · Meril Medical LLC, Russia · Meril Bangladesh Private Limited, Bangladesh · Meril SA Pty. Limited, South Africa (Meril SA) · Meril Australia Pty. Limited, Australia · Condor Medical Africa Pty. Limited, South Africa |
|
|
|
|
Other related
party: (Confirmed by management) |
· Meril Health Care |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital : INR 1000.000 Million
Issued, Subscribed & Paid-up Capital : INR 993.600
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
INR 10/- each |
INR 600.000 Million |
|
40000000 |
Preference Shares |
INR 10/- each |
INR 400.000 Million |
|
|
Total |
|
INR 1000.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59360000 |
Equity Shares |
INR 10/- each |
INR 593.600
Million |
|
33150000 |
Preference Shares |
INR 10/- each |
INR 331.500
Million |
|
|
Total |
|
INR 925.100 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 |
925.100 |
925.100 |
925.100 |
|
(b) Reserves and Surplus |
1159.169 |
960.022 |
759.003 |
|
(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) |
2084.269 |
1885.122 |
1684.103 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
890.000 |
360.042 |
186.750 |
|
(b) Deferred tax liabilities (Net) |
53.975 |
47.222 |
46.556 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
34.262 |
20.975 |
15.241 |
|
Total Non-current
Liabilities (3) |
978.237 |
428.239 |
248.547 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
850.872 |
614.874 |
448.129 |
|
(b) Trade
payables |
211.445 |
252.461 |
100.934 |
|
(c) Other
current liabilities |
304.976 |
222.505 |
157.772 |
|
(d) Short-term
provisions |
5.010 |
25.486 |
5.198 |
|
Total Current
Liabilities (4) |
1372.303 |
1115.326 |
712.033 |
|
|
|
|
|
|
TOTAL |
4434.809 |
3428.687 |
2644.683 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1095.663 |
1139.412 |
638.758 |
|
(ii)
Intangible Assets |
397.468 |
54.481 |
43.811 |
|
(iii) Tangible assets
capital work-in-progress |
47.135 |
4.579 |
492.125 |
|
(iv)
Intangible assets under development |
302.900 |
369.586 |
199.233 |
|
(b) Non-current Investments |
807.949 |
558.327 |
389.761 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
31.635 |
34.434 |
29.114 |
|
(e) Other
Non-current assets |
4.832 |
3.856 |
5.006 |
|
Total Non-Current Assets |
2687.582 |
2164.675 |
1797.808 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
448.826 |
413.897 |
300.060 |
|
(c) Trade
receivables |
1137.168 |
716.071 |
452.624 |
|
(d) Cash and
bank balances |
26.879 |
14.007 |
17.532 |
|
(e)
Short-term loans and advances |
127.868 |
107.994 |
76.419 |
|
(f) Other
current assets |
6.486 |
12.043 |
0.240 |
|
Total
Current Assets |
1747.227 |
1264.012 |
846.875 |
|
|
|
|
|
|
TOTAL |
4434.809 |
3428.687 |
2644.683 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2621.727 |
2273.287 |
1841.792 |
|
|
Other Income |
3.529 |
18.647 |
1.705 |
|
|
TOTAL |
2625.256 |
2291.934 |
1843.497 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
576.355 |
540.218 |
353.378 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(32.942) |
(20.605) |
51.962 |
|
|
Employee benefit expense |
469.521 |
378.593 |
267.231 |
|
|
CSR expenditure |
7.200 |
7.500 |
6.500 |
|
|
Other expenses |
1018.415 |
852.831 |
688.530 |
|
|
TOTAL |
2038.549 |
1758.537 |
1367.601 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
586.707 |
533.397 |
475.896 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
134.070 |
96.365 |
64.375 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
452.637 |
437.032 |
411.521 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
144.495 |
124.199 |
93.834 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
308.142 |
312.833 |
317.687 |
|
|
|
|
|
|
|
Less |
TAX |
108.996 |
111.813 |
102.717 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
199.146 |
201.020 |
214.970 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1926.674 |
1660.635 |
1233.063 |
|
|
TOTAL EARNINGS |
1926.674 |
1660.635 |
1233.063 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
576.532 |
580.680 |
320.852 |
|
|
Components and spare
parts |
40.939 |
34.324 |
24.338 |
|
|
Capital Goods |
184.087 |
150.728 |
116.176 |
|
|
TOTAL IMPORTS |
801.559 |
765.733 |
461.366 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.153 |
2.173 |
2.324 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
210.042 |
126.708 |
93.375 |
|
Cash generated from operations |
91.521 |
288.322 |
530.452 |
|
Net cash flows from (used in) operations |
(32.249) |
206.023 |
420.919 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
158.32 |
114.97 |
89.70 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.31 |
3.17 |
4.07 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
133.91 |
170.58 |
104.25 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.31 |
1.29 |
1.59 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.32 |
0.34 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.47 |
0.38 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.94 |
0.58 |
0.43 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.66 |
0.59 |
0.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.88 |
0.83 |
0.82 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.38 |
5.54 |
7.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.60 |
8.84 |
11.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.49 |
5.86 |
8.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.55 |
10.66 |
12.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.27 |
1.13 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.95 |
0.76 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.47 |
0.55 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.11 |
1.19 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.27 |
1.13 |
1.19 |
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 |
925.100 |
925.100 |
925.100 |
|
Reserves & Surplus |
759.003 |
960.022 |
1159.169 |
|
Net
worth |
1684.103 |
1885.122 |
2084.269 |
|
|
|
|
|
|
Long-term borrowings |
186.750 |
360.042 |
890.000 |
|
Short term borrowings |
448.129 |
614.874 |
850.872 |
|
Current maturities of
long-term debts |
93.375 |
126.708 |
210.042 |
|
Total
borrowings |
728.254 |
1101.624 |
1950.914 |
|
Debt/Equity
ratio |
0.432 |
0.584 |
0.936 |
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 |
1841.792 |
2273.287 |
2621.727 |
|
|
0.000 |
23.428 |
15.328 |
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 |
1841.792 |
2273.287 |
2621.727 |
|
Profit/ (Loss) |
214.970 |
201.020 |
199.146 |
|
|
11.67
% |
8.84
% |
7.60
% |
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 |
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 |
-- |
|
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from Kalpdeep, Plot No. 147, H-1, Charwada Road, GIDC, Vapi-396195, Gujarat, India to the present address w.e.f. 23.10.2010
CORPORATE INFORMATION
Subject Company is carrying on business in manufacturing and selling of Stent, Balloon and its components.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances
from related parties |
540.000 |
100.000 |
|
Total |
540.000 |
100.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G55573463 |
100126394 |
18/09/2017 |
- |
- |
350000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
|
2 |
G09718958 |
100045119 |
03/08/2016 |
- |
- |
300000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMA416001IN |
|
|
3 |
C61294963 |
10585183 |
24/07/2015 |
- |
- |
200000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
|
4 |
C06466379 |
10502666 |
11/06/2014 |
- |
- |
200000000.0 |
2ND FLOOR, SHREE AMBICA AUTO,GIDC BHATPORE, OPP. ONGC HAZIRA,SURATGJ394510IN |
|
|
5 |
G39382684 |
10468796 |
12/12/2013 |
04/03/2017 |
- |
420000000.0 |
COMM. PLOT NO. C7/67/P, N H NO. 08NEAR KOPARLI ROAD, GIDCVAPIGJ396195IN |
|
|
6 |
B85418846 |
10411264 |
20/02/2013 |
29/08/2013 |
- |
190000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
|
7 |
C65550998 |
10373005 |
16/08/2012 |
04/09/2015 |
- |
350000000.0 |
ABHIJEET II, GROUND FLOORNEAR MITHKALI SIX ROADSAHMEDABADGJ380006IN |
|
|
8 |
G73208365 |
10385705 |
02/11/2012 |
10/11/2012 |
28/12/2017 |
476000000.0 |
ABHIJEET II, GROUND FLOORNEAR MITHKALI SIX ROADSAHMEDABADGJ380006IN |
FIXED ASSETS:
- Furniture and fixtures
- Motor vehicles
- Computer equipment’s
- Leasehold improvements
- Plant and equipment
- 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 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 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SYR |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
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.