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|
MIRA INFORM REPORT
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Report No. : |
484951 |
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Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AASTRID LIFE SCIENCES PRIVATE LIMITED |
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|
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|
Registered
Office : |
A-514, 1st Floor, Mahape MIDC, TTC Industrial Area, Mahape, Navi Mumbai-400701, Maharashtra |
|
Tel. No.: |
91-22-41122626 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
08.03.2010 |
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|
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Com. Reg. No.: |
11-200641 |
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Capital
Investment / Paid-up Capital : |
INR 53.682 Million |
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CIN No.: [Company Identification
No.] |
U24100MH2010PTC200641 |
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|
IEC No.: |
Not Divulged |
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GST No.: |
27AAICA3536A1Z3 |
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TIN No.: |
27600771738 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAICA3536A |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Active Pharmaceutical Ingredients and also act as Indenting Commission Agent for other Chemicals, API Intermediates, Bulk Drugs, etc. [Registered Activity] |
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|
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|
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010 having satisfactory track record. It is engaged as manufacturer and exporter of pharmaceutical raw material, finished formulations, biotech products, intermediates and fine chemicals for pharmaceutical and agro industries. For the financial year of 2017, the company has achieved decent growth in its revenue as compared to its previous year along with good profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record of its business operations backed by its well experienced management team. However, rating gets partially offset by intense competition in the international market, and growing regulatory scrutiny in emerging market, along with growing competition, substantial investment in infrastructure and R&D which impact in profitability pressure amongst the major players. Payments are reported to be usually correct. In view of aforesaid, the subject can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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 10.01.2018.
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
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-41122626]
LOCATIONS
|
Registered Office/ R & D Centre : |
A-514, 1st Floor, Mahape MIDC, TTC Industrial Area, Mahape, Navi Mumbai-400701, Maharashtra, India |
|
Tel. No.: |
91-22-41122626 |
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Fax No.: |
91-22-41122627 |
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E-Mail : |
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Website : |
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Factory : |
B-19,Mahad Industrial Area Birwadi, Mahad, Dist. Raigad-402309, Maharashtra,
India |
|
Tel. No.: |
91-2145-232123 |
|
Fax No.: |
91-2145-232124 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ravindra Vishnu Jagtap |
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Designation : |
Director |
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Address : |
C-112, Sunshine Raheja Vihar, Powai, Mumbai-400072,
Maharashtra, India |
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Date of Birth/Age : |
07.06.1964 |
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Qualification : |
B.E. (Mech) |
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Date of Appointment : |
08.03.2010 |
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PAN No.: |
AAEPJ5571D |
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DIN No.: |
00590733 |
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Name : |
Mrs. Anupama Ravindra Jagtap |
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Designation : |
Director |
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Address : |
1006, B Wing, 10th Floor, Paradise, Raheja Vihar, Powai,
Mumbai-400072, Maharashtra, India |
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Date of Birth/Age : |
08.04.1968 |
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Qualification : |
M.S.C (Microbiology) |
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Date of Appointment : |
08.03.2010 |
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PAN No.: |
AAEPJ5572A |
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DIN No.: |
00743586 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2017
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Anupama Ravindra Jagtap |
|
49944 |
|
Rajendra Nargunde |
|
49710 |
|
Ravindra Vishnu Jagtap |
|
49944 |
|
|
|
|
|
Total |
|
149598 |
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
Rajendra Nargunde |
|
167220 |
|
Aastrid International Private Limited |
|
220000 |
|
|
|
|
|
Total |
|
387220 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Active Pharmaceutical Ingredients and also act as Indenting Commission Agent for other Chemicals, API Intermediates, Bulk Drugs, etc. [Registered Activity] |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· The Saraswat Cooperative Bank Limited RASEC Borivli West Branch, Shobhana Apartment, Chandavarkar Road, Borivli (West), Mumbai - 400092, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
Gokhale and Sathe Chartered Accountants |
|
Address : |
308/309, Udyog Mandir No. 1,7-C, Bhagoji Keer Marg, Mahim, Mumbai, Maharashtra, India |
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PAN No.: |
AAAFG4990K |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
Aastrid International Private Limited, India [U52310MH2003PTC139687] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 100/- each |
INR 30.000 Million |
|
700000 |
Preference Shares |
INR 100/- each |
INR 70.000 Million |
|
|
Total |
|
INR 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
149598 |
Equity Shares |
INR 100/- each |
INR 14.960
Million |
|
387220 |
Preference Shares |
INR 100/- each |
INR 38.722 Million |
|
|
Total |
|
INR 53.682
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 |
53.682 |
53.682 |
53.682 |
|
(b) Reserves and Surplus |
12.634 |
(13.461) |
(26.894) |
|
(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) |
66.316 |
40.221 |
26.788 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
22.466 |
30.274 |
38.998 |
|
(b) Deferred tax liabilities (Net) |
5.074 |
5.074 |
5.125 |
|
(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) |
27.540 |
35.348 |
44.123 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
37.504 |
34.399 |
34.407 |
|
(b) Trade
payables |
60.682 |
28.756 |
41.745 |
|
(c) Other
current liabilities |
40.415 |
29.254 |
30.118 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
138.601 |
92.409 |
106.270 |
|
|
|
|
|
|
TOTAL |
232.457 |
167.978 |
177.181 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
71.299 |
69.573 |
73.757 |
|
(ii)
Intangible Assets |
12.729 |
8.751 |
9.171 |
|
(iii) Tangible assets
capital work-in-progress |
19.942 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.180 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.013 |
0.012 |
0.012 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
5.117 |
1.728 |
1.727 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
109.280 |
80.064 |
84.667 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
34.888 |
34.613 |
44.102 |
|
(c) Trade
receivables |
73.003 |
38.479 |
28.862 |
|
(d) Cash and
bank balances |
3.255 |
2.329 |
3.065 |
|
(e) Short-term
loans and advances |
12.031 |
12.493 |
16.485 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
123.177 |
87.914 |
92.514 |
|
|
|
|
|
|
TOTAL |
232.457 |
167.978 |
177.181 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
256.404 |
194.834 |
204.948 |
|
|
Other Income |
1.511 |
0.888 |
2.194 |
|
|
TOTAL |
257.915 |
195.722 |
207.142 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
106.541 |
76.009 |
130.654 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
5.069 |
4.095 |
(20.003) |
|
|
Employee benefit expense |
26.982 |
21.214 |
14.988 |
|
|
Other expenses |
68.878 |
52.634 |
58.523 |
|
|
Extraordinary items |
(0.269) |
0.480 |
0.990 |
|
|
TOTAL |
207.201 |
154.432 |
185.152 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
50.714 |
41.290 |
21.990 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.656 |
15.727 |
14.515 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
38.058 |
25.563 |
7.475 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.725 |
12.181 |
10.576 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
26.333 |
13.382 |
(3.101) |
|
|
|
|
|
|
|
Less |
TAX |
0.237 |
(0.051) |
(0.218) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
26.096 |
13.433 |
(2.883) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
26.046 |
16.752 |
21.391 |
|
|
TOTAL EARNINGS |
26.046 |
16.752 |
21.391 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.86 |
89.80 |
(19.27) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
15.821 |
8.724 |
8.383 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
54.828 |
31.619 |
20.661 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
54.828 |
31.619 |
19.670 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
103.92 |
72.09 |
51.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.51 |
5.06 |
7.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
207.89 |
138.09 |
116.62 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.45 |
1.19 |
0.50 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.49 |
0.53 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.76 |
0.78 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.14 |
1.82 |
3.05 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.09 |
2.30 |
3.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.57 |
1.95 |
3.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.01 |
2.63 |
1.51 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
10.18 |
6.89 |
(1.41) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.23 |
8.00 |
(1.63) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
39.35 |
33.40 |
(10.76) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.89 |
0.95 |
0.87 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.64 |
0.58 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.24 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.41 |
1.37 |
1.52 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.89 |
0.95 |
0.87 |
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
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
53.682 |
53.682 |
53.682 |
|
Reserves & Surplus |
(26.894) |
(13.461) |
12.634 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
26.788 |
40.221 |
66.316 |
|
|
|
|
|
|
Long-term borrowings |
38.998 |
30.274 |
22.466 |
|
Short term borrowings |
34.407 |
34.399 |
37.504 |
|
Current maturities of
long-term debts |
8.383 |
8.724 |
15.821 |
|
Total
borrowings |
81.788 |
73.397 |
75.791 |
|
Debt/Equity
ratio |
3.053 |
1.825 |
1.143 |
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 |
204.948 |
194.834 |
256.404 |
|
|
|
(4.935) |
31.601 |
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 |
204.948 |
194.834 |
256.404 |
|
Profit/ (Loss) |
(2.883) |
13.433 |
26.096 |
|
|
(1.41
%) |
6.89
% |
10.18
% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G04799243 |
100030173 |
The Saraswat Cooperative Bank Ltd |
30/05/2016 |
- |
- |
7500000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
|
2 |
G02560191 |
100023643 |
The Saraswat Cooperative Bank Ltd |
22/04/2016 |
- |
- |
8400000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
|
3 |
C44027134 |
10550193 |
The Saraswat Cooperative Bank Ltd |
13/01/2015 |
- |
- |
14000000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
|
4 |
C42331017 |
10547295 |
The Saraswat Cooperative Bank Ltd |
13/01/2015 |
- |
- |
7500000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
|
5 |
C06994016 |
10503657 |
The Saraswat Co-op Bank Ltd |
05/06/2014 |
- |
- |
7500000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
|
6 |
B98830516 |
10483415 |
The Saraswat Cooperative Bank Ltd |
28/02/2014 |
- |
- |
9200000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
|
7 |
B72275746 |
10416701 |
The Saraswat Cooperative Bank Ltd |
22/03/2013 |
- |
- |
6000000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
|
8 |
C28760445 |
10380708 |
The Saraswat Cooperative Bank Ltd |
21/09/2012 |
24/08/2014 |
- |
35500000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
|
9 |
B04030045 |
10263958 |
The Saraswat Cooperative Bank Ltd |
15/01/2011 |
- |
- |
1600000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
|
10 |
A98168156 |
10250276 |
The Saraswat Cooperative Bank Ltd |
18/10/2010 |
- |
- |
10000000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle EastMumbaiMH400057IN |
CORPORATE
INFORMATION
Aastrid Life Sciences Private Limited was incorporated on 8th March 2010. The Company is having its Research Laboratory at Mahape, Navi Mumbai and factory at Mahad, Raigad District at Maharashtra. The Company develops internally Active Pharmaceutical Ingredient (API) Intermediate for Manufacturing at its factory. The Company also acts as Indenting Commission Agent for other Chemicals, API Intermediates, Bulk Drugs etc. on behalf of Overseas Suppliers.
OPERATIONS:
During the year, the Company has earned a net profit of INR 26.096 Million as compared to the net profit of INR 13.433 Million for the previous year. The Company is looking for further growth in its income to be received in the coming years. They assure our members that in the coming years the Company will have more profits.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 63.47 |
|
UK Pound |
1 |
INR 86.15 |
|
Euro |
1 |
INR 75.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
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.