|
|
|
MIRA INFORM REPORT
|
Report No. : |
504479 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
DAGON PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
211, Silver Coin, Shrenik Park Char Rasta, Productivity Road, Akota,
Vadodara-390020, Gujarat |
|
Mobile No.: |
91-9816047346 (Mr. Gautam Ishwarbhai Bhut) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
02.04.1993 |
|
|
|
|
Com. Reg. No.: |
04-019247 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 25.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1993PTC019247 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAACD9884A1ZR |
|
|
|
|
TIN No.: |
24190600660 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD9884A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Pharmaceutical and
Antibiotics Medicines.
[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 298000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Dagon Pharmaceuticals Private Limited was incorporated in the year 1993.
It is a manufacturer of pharmaceutical and antibiotics medicines. For the financial year 2017, the company has achieved 15.25% growth in
its revenue as compared to previous year revenue along with average profit
margin of 1.71%. The satisfactory financial profile of the company is marked by
comfortable networth base and negligible debt level along with favourable gap
between trade payables and trade receivables. The rating takes into consideration the subject’s long established
track record of business operations along with extensive experience of its
promoters. Business is active. Payment seems 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
|
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
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
31-03-2018.
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 25.04.2018.
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. Gautam Ishwarbhai Bhut |
|
Designation : |
Director |
|
Contact No.: |
91-9816047346 |
|
Date : |
19.04.2018 |
LOCATIONS
|
Registered Office / Corporate Office : |
211, Silver Coin, Shrenik Park Char Rasta, Productivity Road, Akota,
Vadodara-390020, Gujarat, India |
|
Tel. No.: |
91-265-6533471 / 73 / 2321674 |
|
Mobile No.: |
91-9816047346 (Mr. Gautam Ishwarbhai Bhut) |
|
Fax No.: |
91-265-2353295 / 6533471 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
Opposite Gurudwara, Baddi - Nalagarh Road, Village and Post- Manpura, District Solan-174101, Himachal Pradesh, India |
|
Tel. No.: |
91-1795-236258 |
|
Fax No.: |
91-1795-236259 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Kishorbhai Mahidas Bhut |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
A-1, Akash Ganga Society, VIP Road, Karelibaug, Vadodara-390018, Gujarat, India |
||||||||
|
Date of Birth/Age : |
04.05.1957 |
||||||||
|
Date of Appointment : |
02.04.1993 |
||||||||
|
DIN No.: |
02075624 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Bhupatbhai Mahidasbhai Bhut |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
C/17, Harkashi Society Opposite Airport, Harni Road Harni, Vadodara-390009, Gujarat, India |
||||||||
|
Date of Birth/Age : |
12.08.1953 |
||||||||
|
Date of Appointment : |
02.02.2005 |
||||||||
|
DIN No.: |
02894426 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Gautam Ishwarbhai Bhut |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Ravi Gulab, VatikaI Amin Marg, Rajkot-360001, Gujarat, India |
||||||||
|
Date of Birth/Age : |
02.05.1978 |
||||||||
|
Date of Appointment : |
24.03.2001 |
||||||||
|
DIN No.: |
03039445 |
||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bhupatrai Mahidasbhai Bhut |
|
528425 |
|
Kishorkumar Mahidas Bhut |
|
478813 |
|
Jayshreeben Ishwarbhai Bhut |
|
91525 |
|
Hemkunwarben Mahindas Bhut |
|
78375 |
|
Mahidas G Bhut (HUF) |
|
127875 |
|
Jayshreeben Kishorbhai Bhut |
|
125762 |
|
Ishwarbhai Mahidasbhai Bhut (HUF) |
|
20625 |
|
Ishwarbhai Mahidasbhai Bhut |
|
145125 |
|
Bhupatrai Mahidasbhai Bhut (HUF) |
|
20625 |
|
Kishorkumar Mahidas Bhut |
|
53625 |
|
Jayshreeben Bhupatrai Bhut |
|
68425 |
|
Ravi Ishwarbhai Bhut |
|
80025 |
|
Jenish Bhupatrai Bhut |
|
27225 |
|
Gautam Ishwarbhai Bhut |
|
339750 |
|
Tulsi Parenterals Private Limited, India |
|
262800 |
|
Miral Kishorbhai Bhut |
|
18750 |
|
Tulsi Bhupabhai
Bhut |
|
32250 |
|
Total |
|
2500000 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
45.25 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
54.75 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Pharmaceutical and
Antibiotics Medicines.
[Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
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 : |
|
|
Auditors : |
|
|
Name : |
Pathak Anjaria and Company Chartered Accountants |
|
Address : |
2nd Floor, Leela Sadan, Opposite Lakdi Pool, Dandia Bazar,
Vadodara-390001, Gujarat, India |
|
Tel. No.: |
91-265-2420455 / 6538755 |
|
Mobile No.: |
91-9825042970 |
|
E-Mail : |
|
|
PAN No.: |
AACFP0709R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 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 |
25.000 |
25.000 |
25.000 |
|
(b) Reserves &
Surplus |
79.155 |
76.985 |
73.174 |
|
(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) |
104.155 |
101.985 |
98.174 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
7.133 |
9.434 |
19.798 |
|
(b) Deferred tax liabilities
(Net) |
6.871 |
7.502 |
7.736 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
14.004 |
16.936 |
27.534 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
60.461 |
68.731 |
66.312 |
|
(b) Trade payables |
38.439 |
25.057 |
19.981 |
|
(c) Other current
liabilities |
1.382 |
0.646 |
1.389 |
|
(d) Short-term provisions |
0.595 |
1.858 |
1.408 |
|
Total Current Liabilities
(4) |
100.877 |
96.292 |
89.090 |
|
|
|
|
|
|
TOTAL |
219.036 |
215.213 |
214.798 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
64.140 |
71.391 |
64.615 |
|
(ii) Intangible Assets |
0.012 |
0.049 |
0.063 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
10.897 |
|
(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 |
0.697 |
0.697 |
0.697 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
64.849 |
72.137 |
76.272 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
50.612 |
51.628 |
53.150 |
|
(c) Trade receivables |
92.489 |
74.648 |
73.296 |
|
(d) Cash and cash
equivalents |
1.610 |
6.043 |
2.112 |
|
(e) Short-term loans and
advances |
9.476 |
10.757 |
9.968 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
154.187 |
143.076 |
138.526 |
|
|
|
|
|
|
TOTAL |
219.036 |
215.213 |
214.798 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
148.158 |
128.552 |
133.402 |
|
|
Other Income |
0.734 |
2.655 |
0.034 |
|
|
TOTAL |
148.892 |
131.207 |
133.436 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
95.155 |
72.973 |
63.546 |
|
|
Purchases of
Stock-in-Trade |
0.046 |
4.036 |
1.915 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.606) |
(0.951) |
(6.861) |
|
|
Employees benefits
expense |
17.253 |
18.930 |
15.587 |
|
|
Other expenses |
22.175 |
15.023 |
37.729 |
|
|
TOTAL |
129.023 |
110.011 |
111.916 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
19.869 |
21.196 |
21.520 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.804 |
9.523 |
9.937 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
11.065 |
11.673 |
11.583 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION
|
7.261 |
6.753 |
6.473 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
3.804 |
4.920 |
5.110 |
|
|
|
|
|
|
|
Less |
TAX |
1.264 |
1.109 |
0.946 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.540 |
3.811 |
4.164 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.02 |
1.52 |
1.67 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
1.396 |
20.100 |
NA |
|
Net cash generated from operating activities |
(0.500) |
18.757 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors
/ Income * 365) |
227.85 |
211.95 |
200.54 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
1.60 |
1.72 |
1.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
147.37 |
118.76 |
111.41 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.39 |
0.41 |
0.40 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.31 |
0.30 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.49 |
0.49 |
0.51 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.65 |
0.77 |
0.88 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.97 |
0.94 |
0.91 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.62 |
0.70 |
0.77 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.26 |
2.23 |
2.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
1.71 |
2.96 |
3.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.16 |
1.77 |
1.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.44 |
3.74 |
4.24 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.53 |
1.49 |
1.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.03 |
0.95 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.48 |
0.47 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.70 |
3.13 |
3.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.53 |
1.49 |
1.55 |
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 |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
73.174 |
76.985 |
79.155 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
98.174 |
101.985 |
104.155 |
|
|
|
|
|
|
long-term borrowings |
19.798 |
9.434 |
7.133 |
|
Short term borrowings |
66.312 |
68.731 |
60.461 |
|
Total borrowings |
86.110 |
78.165 |
67.594 |
|
Debt/Equity ratio |
0.877 |
0.766 |
0.649 |
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 |
133.402 |
128.552 |
148.158 |
|
|
|
(3.636) |
15.251 |
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 |
133.402 |
128.552 |
148.158 |
|
Profit |
4.164 |
3.811 |
2.540 |
|
|
3.12% |
2.96% |
1.71% |
LEGAL
CASE
|
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF THE
COMPANIES AFFAIR
During the year, the Company generated total revenue of INR 148.892 Million as against INR 131.207 Million of the previous year whereas earned Net profit of INR 2.540 Million as against INR 3.811 Million the Previous year.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Deposits from directors and shareholders |
1.080 |
0.390 |
|
Distributors deposits |
1.347 |
1.547 |
|
Total |
2.427 |
1.937 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
A64883366 |
10164713 |
DYPUTY DIRECTOR OF INDUSTRIES |
22/06/2009 |
- |
- |
3000000.0 |
Through Deputy Director of Industries Single Window Clearance Agency, District Solan-174101, Himachal Pradesh, India |
|
2 |
C00684910 |
10042460 |
CANARA BANK |
02/02/2007 |
26/02/2014 |
- |
120000000.0 |
Sai Road, Baddi- District Solan-173205, Himachal Pradesh, India |
|
3 |
A11855921 |
90100462 |
STATE BANK OF INDIA |
14/03/1996 |
20/06/2005 |
15/03/2007 |
6000000.0 |
SIB Division, Baroda Main Branch, Mandvi, Vadodara-390001, Gujarat, India |
|
4 |
A11698974 |
80024860 |
STATE BANK OF INDIA |
03/03/2006 |
- |
22/02/2007 |
38500000.0 |
SSI Branch, Sai Road, Baddi, Solan-173205, Himachal Pradesh, India |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and Machinery
- Electrical Installation
- Laboratory equipment
- Furniture and Fixture
- Computer
- Scooter
- Office equipments
- Vehicles
Intangible Asset:
· 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,
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 66.36 |
|
|
1 |
INR 92.51 |
|
Euro |
1 |
INR 81.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.