|
|
|
MIRA INFORM REPORT
|
Report No. : |
505447 |
|
Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
NEPHROCARE HEALTH SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.83 and 84, Road No.2, Park View Enclave, Banjara Hills,
Hyderabad – 500034, Telangana |
|
Tel. No.: |
91-40-23321975/ 42408039 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.12.2009 |
|
|
|
|
Com. Reg. No.: |
36-066359 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 32.901 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85100TG2009PTC066359 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCN1504A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AADCN1504A1Z8 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into Providing Dialysis Healthcare Services through
a Chain of Kidney Care Clinics. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 4209000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2009. The company is engaged in providing
dialysis healthcare services through a chain of kidney care clinic. As per the financial of 2017, the company has achieved a decent growth
of 50.13% in its revenue as compared to the previous year’s revenue but has
incurred operational losses. The sound financial position of the company is reflected by healthy
net worth base along with negligible debt balance sheet profile. 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
31-03-2016.
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 27.04.2018
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 DECLINED BY
|
Name : |
Mr. Veerraju |
|
Designation : |
Senior Accounts Manager |
|
Contact No.: |
91-40-42408039 |
|
Date : |
23.04.2018 |
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Assistant |
|
Contact No.: |
91-40-23321975 |
|
Date : |
23.04.2018 |
LOCATIONS
|
Registered Office : |
Plot No.83 and 84, Road No.2, Park View Enclave, Banjara Hills,
Hyderabad – 500034, Telangana, India |
|
Tel. No.: |
91-40-23321975/ 42408039 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
1st Floor, West Wing, Punnaiah Plaza, Above SBI Bank, Near Jubilee Hills Check Post, Road No. 2, Banjara Hills, Hyderabad-500034, Telangana, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Heramb Ravindra Hajarnavis |
||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||
|
Address : |
Apartment 12 E, Building Shimira 16th Road, Khar (West) Mumbai-400052, Maharashtra, India |
||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.09.2016 |
||||||||||||||||||||||||||||||||||
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DIN No.: |
01680435 |
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|||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vishal Vijay Gupta |
||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||
|
Address : |
#15 and 16, D Block, Binny Crescent Apartments, Nandidurga Road, Benson Town, Bangalore-560046, Karnataka, India |
||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.10.2014 |
||||||||||||||||||||||||||||||||||
|
DIN No.: |
01913013 |
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|
|||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vikram Vuppala |
||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||
|
Address : |
H. No. 1-8-702/33/48, Padma Colony, Nallakunta, Hyderabad-500044, Telangana, India |
||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.12.1976 |
||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.12.2009 |
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DIN No.: |
02847323 |
||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||
|
Name : |
Dr. Brian Jude Gerard Pereira |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||
|
Address : |
75 Arlington St Winchester Ma 01890-3734 Winceshter 018903734 US |
||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.10.1958 |
||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2012 |
||||||||||||||||||||||||||||||||||
|
DIN No.: |
06378056 |
||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pravan Rajesh Malhotra |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||
|
Address : |
Flat No 3B2, Brighton Building 68 D, Napean Sea Road ,Mumbai-400006, Maharashtra, India |
||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.10.2014 |
||||||||||||||||||||||||||||||||||
|
DIN No.: |
06894284 |
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|
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KEY EXECUTIVES
|
Name : |
Mr. Veerraju |
|
Designation : |
Senior Accounts Manager |
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Vikram Vuppala |
|
304221 |
|
Prabhakanth Sinha |
|
110043 |
|
Ramesh Babu |
|
3889 |
|
Sandeep Gudibanda |
|
87970 |
|
Kamal D Shah |
|
7821 |
|
Sohil Baghat |
|
4938 |
|
Vaibhav Joshi |
|
4900 |
|
Rohit Narula |
|
1722 |
|
Brian Jude Gerard Pereira |
|
13127 |
|
Bessemer Venture Partner , Mauritius |
|
1100 |
|
Trifecta Venture Debt Fund - I |
|
1 |
|
Seabean Dialysis Partners |
|
233883 |
|
Seabean Dialysis Partners - II |
|
578141 |
|
The Seabean Dialysis Partners India Trust Acting Through its trustee Somit Shah |
|
54133 |
|
|
|
|
|
Total |
|
1405889 |
|
Names of Equity Shareholder (Partly Paid-up) |
|
No. of Shares |
|
Vikram Vuppala |
|
31400 |
|
|
|
|
|
Total |
|
31400 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Bessemer Venture Partner |
|
1059139 |
|
International Finance Corporation, USA |
|
821440 |
|
|
|
|
|
Total |
|
1880579 |
|
Names of Preference Shareholder (Partly Paid-up) |
|
No. of Shares |
|
Trifecta Venture Debt Fund - I |
|
4500 |
|
|
|
|
|
Total |
|
4500 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
23.35 |
|
Public/Other than promoters – Individual/ Hindu Undivided Family – Indian |
7.74 |
|
Public/Other than promoters - Individual/ Hindu Undivided Family –Non-resident Indian (NRI |
7.66 |
|
Public/Other than promoters - Individual/ Hindu Undivided Family –Foreign national (other than NRI) |
0.91 |
|
Public/Other than promoters - Venture capital |
0.08 |
|
Public/Other than promoters - Others |
60.26 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Providing Dialysis Healthcare Services through
a Chain of Kidney Care Clinics. (Registered Activity) |
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Products : |
|
||||
|
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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|
||||
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Imports : |
Not Divulged |
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|
|
||||
|
Terms : |
|
||||
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Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||||
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Customers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
Small Industries Development Bank of India |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
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Facilities : |
|
|
Financial Institution: |
Jain Sons Finlease Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company LLP Chartered Accountants |
|
Address : |
7th Floor, Block III, White House, Kundan Bagh, Begumpet,
Hyderabad-500016, Telangana, India |
|
PAN No.: |
AAAFW4298E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Entity with significant influence over the company : |
International Finance Corporation |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1720000 |
Equity Shares |
INR 10/- each |
INR 17.200 Million |
|
1980000 |
Preference Shares [0.001% compulsory Convertible Preference Shares] |
INR 10/- each |
INR 19.800 Million |
|
|
|
|
|
|
|
Total |
|
INR 37.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1405889 |
Equity Shares |
INR 10/- each |
INR 14.059
Million |
|
31400 |
Equity Shares [Partly Paid Up] |
INR 1/- each |
INR 0.032
Million |
|
800743 |
Series A CCPS |
INR 10/- each |
INR 8.007
Million |
|
855717 |
Series B CCPS |
INR 10/- each |
INR 8.557
Million |
|
4500 |
Series B1 CCPS [Partly Paid Up] |
INR 1/- each |
INR 0.005
Million |
|
224119 |
Series C CCPS |
INR 10/- each |
INR 2.241
Million |
|
|
|
|
|
|
|
|
|
INR 32.901 Million |
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 |
32.901 |
22.778 |
21.821 |
|
(b) Reserves & Surplus |
1440.318 |
619.918 |
687.488 |
|
(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) |
1473.219 |
642.696 |
709.309 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
198.717 |
152.965 |
16.250 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
30.678 |
20.650 |
5.623 |
|
(d)
long-term provisions |
5.601 |
5.376 |
4.472 |
|
Total
Non-current Liabilities (3) |
234.996 |
178.991 |
26.345 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
73.292 |
27.877 |
41.527 |
|
(c)
Other current liabilities |
155.232 |
107.036 |
25.918 |
|
(d)
Short-term provisions |
2.132 |
1.479 |
0.940 |
|
Total
Current Liabilities (4) |
230.656 |
136.392 |
68.385 |
|
|
|
|
|
|
TOTAL |
1938.871 |
958.079 |
804.039 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
790.049 |
467.652 |
242.895 |
|
(ii)
Intangible Assets |
80.092 |
73.873 |
29.692 |
|
(iii)
Capital work-in-progress |
9.373 |
2.138 |
1.603 |
|
(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 |
96.652 |
73.190 |
29.475 |
|
(e)
Other Non-current assets |
23.663 |
30.037 |
10.536 |
|
Total
Non-Current Assets |
999.829 |
646.890 |
314.201 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
81.178 |
46.756 |
40.594 |
|
(c)
Trade receivables |
180.798 |
106.072 |
59.128 |
|
(d)
Cash and cash equivalents |
640.942 |
140.683 |
359.138 |
|
(e)
Short-term loans and advances |
17.731 |
10.849 |
4.459 |
|
(f)
Other current assets |
18.393 |
6.829 |
26.519 |
|
Total
Current Assets |
939.042 |
311.189 |
489.838 |
|
|
|
|
|
|
TOTAL |
1938.871 |
958.079 |
804.039 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
931.687 |
620.607 |
309.711 |
|
|
|
Other Income |
32.796 |
21.145 |
44.133 |
|
|
|
TOTAL |
964.483 |
641.752 |
353.844 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Medical Consumable |
336.039 |
222.037 |
145.163 |
|
|
|
Changes in inventories of Medical Consumable |
(34.422) |
(6.162) |
(28.333) |
|
|
|
Employees benefits expense |
250.739 |
175.755 |
108.960 |
|
|
|
Other expenses |
337.164 |
232.014 |
121.158 |
|
|
|
Prior Period Items |
0.000 |
0.000 |
42.145 |
|
|
|
TOTAL |
889.520 |
623.644 |
389.093 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
74.963 |
18.108 |
(35.249) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
32.892 |
13.365 |
3.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
42.071 |
4.743 |
(39.080) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
119.662 |
73.960 |
32.703 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(77.591) |
(69.217) |
(71.783) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
(3.889) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(77.591) |
(69.217) |
(67.894) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Medical Equipment |
0.000 |
0.336 |
0.000 |
|
|
|
Furniture and Fixture |
0.000 |
0.151 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
0.487 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(74.84) |
(130.83) |
(129.17) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term borrowings |
85.245 |
61.035 |
3.153 |
|
|
|
|
|
|
Cash generated from operations |
4.997 |
(63.520) |
(67.171) |
|
|
|
|
|
|
Net Cash (used in) operating activity
|
(17.649) |
(80.977) |
(72.367) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
70.83 |
62.38 |
69.68 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.15 |
5.85 |
5.24 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
79.61 |
45.83 |
104.42 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.92 |
0.39 |
-0.87 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.09 |
0.03 |
-0.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.27 |
0.37 |
0.11 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.19 |
0.33 |
0.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.16 |
0.21 |
0.10 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.60 |
0.85 |
0.39 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.28 |
1.35 |
-9.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(8.33) |
(11.15) |
(21.92) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(4.00) |
(7.22) |
(8.44) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(5.27) |
(10.77) |
(9.57) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.07 |
2.28 |
7.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.72 |
1.94 |
6.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.76 |
0.67 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.63 |
9.40 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.07 |
2.28 |
7.16 |
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 |
21.821 |
22.778 |
32.901 |
|
Reserves & Surplus |
687.488 |
619.918 |
1440.318 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
709.309 |
642.696 |
1473.219 |
|
|
|
|
|
|
long-term borrowings |
16.250 |
152.965 |
198.717 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
term borrowings |
3.153 |
61.035 |
85.245 |
|
Total
borrowings |
19.403 |
214.000 |
283.962 |
|
Debt/Equity
ratio |
0.027 |
0.333 |
0.193 |
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 |
309.711 |
620.607 |
931.687 |
|
|
|
100.383 |
50.125 |
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 |
309.711 |
620.607 |
931.687 |
|
Profit/ (Loss) |
(67.894) |
(69.217) |
(77.591) |
|
|
(21.92%) |
(11.15%) |
(8.33%) |
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C69783017 |
10601838 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
20/10/2015 |
- |
- |
90000000.0 |
101, HERMITAGE OFFICE COMPLEX,1ST FLOOR, P.B. NO. 130, SAIFABADHYDERABADTG500004IN |
|
2 |
C67090159 |
10596632 |
JAIN SONS FINLEASE LIMITED |
17/09/2015 |
- |
- |
47500000.0 |
8-2-682/14TH FLOOR, ROAD NO. 12, BANJARA HILLSHYDERABADAP500034IN |
|
3 |
C69782159 |
10480809 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
25/02/2014 |
30/10/2015 |
- |
18000000.0 |
101, HERMITAGE OFFICE COMPLEX,1ST FLOOR, P.B. NO. 130, SAIFABADHYDERABADTG500004IN |
|
4 |
G69123248 |
10601566 |
AXIS TRUSTEE SERVICES LIMITED |
19/10/2015 |
- |
06/12/2017 |
60000000.0 |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,PANDURANG BUDHKAR MARG, WORLI,MUMBAIMH400025IN |
|
5 |
G35912468 |
100073079 |
JAIN SONS FINLEASE LIMITED |
16/08/2016 |
- |
03/02/2017 |
40000000.0 |
1002, 10TH FLOOR, A BLOCK, THE PLATINA,GACHIBOWLIHYDERABADTE500032IN |
COMPANY OVERVIEW:
Subject is a company domiciled in India and registered under the
provision of the companies Act, 1956. The company has been set up for the purpose
to providing dialysis healthcare service through a chain of kidney care clinics
in India.
PERFORMANCE AND
FINANCIAL HIGHLIGHTS:
During the financial year ended as on 31st March, 2017, the
company recorded a Total revenue of INR 931.687 million [Previous financial
year INR 620.607 million] and recoded net loss INR 77.591 million [previous
financial year INR 69.217 million].
FUTURE OUTLOOK
The company has made substantial progress in terms of turnover. The
turnover has reached INR 931.687 million from INR 620.607 million registering
an improvement of INR 311.080 million over the previous year 2015-16.
The company is considering expanding its operations from the existing
level to further improve the performance.
FIXED ASSETS:
· Leasehold Improvement
· Medical Equipment
· Furniture and Fixture
· Office Equipment
· Computer
· Vehicles
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 66.83 |
|
UK Pound |
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RUP |
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.