|
|
|
MIRA INFORM REPORT
|
Report No. : |
516562 |
|
Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
BIOMERIEUX INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
43-A, Okhla Industrial Estate, Phase – III, New Delhi -
110020 |
|
Mobile No.: |
91-9873099314 (Mr. Arihant Jain) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
10.06.1998 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85195DL1998PTC094403 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 65.997 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0598038540 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
06AAACB4984F1ZQ |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB4984F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of all types of automatic, semi-automatic, digital, electronic instruments, equipments, apparatus, machineries, tools more specifically vitro diagnostic products, reagents and automated systems for clinical diagnosis and industrial control and their parts, fittings, components and accessories (the “Products”) used particularly for diagnosis in the field of healthcare, treatment, research, test cure, operation and for saving life of human beings and animals. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
160 (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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Biomerieux S.A., France” and was incorporated in the year 1998. It is having fine track records. For the financial year 2017, the company has increased its revenue from operation as compared to previous year and maintained average profitability margin of 2.42%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and debt free balance sheet. Further, the company also derives strength from its strong holding company support, well established track records of business operation along with decent improvement in the revenue profile. Furthermore, customer (AIIMS, Delhi) of the company has given positive feedback and they are satisfied with company’s transaction. Banker (HSBC Bank) has also given positive feedback and satisfied with Company’s banking transaction. However, rating strength is partially offset by sharply declined in the profitability during the year. Trade relations are reported as fair. Payments are reported to be regular and as per commitments. In view of established market position, the company can be considered good for normal 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
31-03-2018.
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 25.06.2018
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. Debnandan Pal |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-8584856764 |
|
Date : |
23.06.2018 |
LOCATIONS
|
Registered Office : |
43-A, Okhla Industrial Estate, Phase – III, New Delhi –
110020, India |
|
Tel. No.: |
91-11-42098800 |
|
Mobile No.: |
91-9873099314 (Mr. Arihant Jain) 91-8584856764 (Mr. Debnandan Pal) |
|
Fax No.: |
91-11-42098867/24648850 |
|
E-Mail : |
|
|
Website: |
|
|
Area : |
3000 Sq. ft. |
|
Location : |
Rented |
|
Locality: |
Industrial |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Saurabh Rishikesh Rajadhyax |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
C-314, Ground Floor, Defence Colony, New Delhi -110024, India |
||||||||||||||||
|
Date of Birth/Age : |
03.05.1975 |
||||||||||||||||
|
Qualification: |
Post Graduate |
||||||||||||||||
|
Date of Appointment : |
01.04.2016 |
||||||||||||||||
|
DIN No.: |
07490378 |
||||||||||||||||
|
PAN No.: |
ABNPR5394Q |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Rekha Khanna |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
D-380, Defence Colony, New Delhi -110024, India |
||||||||||||||||
|
Date of Birth/Age : |
21.09.1950 |
||||||||||||||||
|
Qualification: |
Post Graduate |
||||||||||||||||
|
Date of Appointment : |
01.04.2016 |
||||||||||||||||
|
DIN No.: |
00317377 |
||||||||||||||||
|
PAN No.: |
AAMPK8797N |
||||||||||||||||
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Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Rajan Nagar |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
D-66, 1st Floor Panchsheel Enclave, New Delhi -110017, India |
||||||||||||||||
|
Date of Birth/Age : |
02.10.1970 |
||||||||||||||||
|
Qualification: |
Post Graduate |
||||||||||||||||
|
Date of Appointment : |
11.08.2011 |
||||||||||||||||
|
DIN No.: |
03596048 |
||||||||||||||||
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PAN No.: |
ABRPN4463E |
||||||||||||||||
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Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Herve Andre Cesar Laurent |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
24, Allee Des Terrasses Dardilly France 69570, France |
||||||||||||||||
|
Date of Appointment : |
01.02.2016 |
||||||||||||||||
|
DIN No.: |
07455159 |
||||||||||||||||
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|
|
||||||||||||||||
|
Name : |
Pierre Christian Claude Boulud |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
19 Q Rue Fernand Pelloutier Boulogne Billancourt 92100 France |
||||||||||||||||
|
Date of Appointment : |
28.09.2017 |
||||||||||||||||
|
DIN No.: |
07933029 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vaibhav Chauhan |
|
Designation : |
Company Secretary |
|
Address : |
3215, 22 Feet Road, Parvatiya Colony, NIT Faridabad- 121005, Haryana,
India |
|
Date of Birth/Age : |
12.07.1987 |
|
Date of Appointment : |
01.04.2016 |
|
PAN No.: |
ALKPC7528E |
|
|
|
|
Name : |
Mr. Debnandan Pal |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholder |
|
No. of Shares |
|
Biomerieux S.A., France |
|
6599718 |
|
Biomerieux Inc, USA |
|
1 |
|
Total |
|
6599719 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of all types of automatic, semi-automatic, digital, electronic instruments, equipments, apparatus, machineries, tools more specifically vitro diagnostic products, reagents and automated systems for clinical diagnosis and industrial control and their parts, fittings, components and accessories (the “Products”) used particularly for diagnosis in the field of healthcare, treatment, research, test cure, operation and for saving life of human beings and animals. [Registered activity and also confirmed by management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Finished
Goods |
|
Countries : |
France |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cheque and Advance Payment, Others (RTGS) (30,60,90 Days) |
|
|
|
|
Purchasing : |
L/C, Cheque and Advance Payment, Others (RTGS) (30,60,90 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Hospital
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
160 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
M. D. Gujrati and Company Chartered Accountants |
|
Address : |
J-8, Green Park Extension, New Delhi-110016, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFM6032R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
|
|
|
|
|
Ultimate
Holding company: |
|
|
|
|
|
Associate |
|
|
|
|
|
Subsidiary company: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
INR 10/- each |
INR 75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6599719 |
Equity Shares |
INR 10/- each |
INR 65.997 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 |
65.997 |
65.997 |
65.997 |
|
(b) Reserves and Surplus |
793.585 |
807.338 |
583.781 |
|
(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) |
859.582 |
873.335 |
649.778 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.969 |
6.272 |
7.057 |
|
(d) long-term
provisions |
52.700 |
41.710 |
30.339 |
|
Total Non-current
Liabilities (3) |
53.669 |
47.982 |
37.396 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
604.884 |
610.067 |
633.067 |
|
(c) Other
current liabilities |
98.149 |
71.655 |
49.297 |
|
(d) Short-term
provisions |
141.795 |
110.259 |
48.842 |
|
Total Current
Liabilities (4) |
844.828 |
791.981 |
731.206 |
|
|
|
|
|
|
TOTAL |
1758.079 |
1713.298 |
1418.380 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
185.853 |
132.297 |
151.452 |
|
(ii)
Intangible Assets |
53.507 |
52.073 |
57.956 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.869 |
0.000 |
0.000 |
|
(b) Non-current Investments |
122.500 |
122.500 |
122.500 |
|
(c) Deferred tax assets (net) |
75.612 |
62.984 |
54.761 |
|
(d)
Long-term loans and advances |
10.869 |
15.973 |
9.219 |
|
(e) Other
Non-current assets |
5.277 |
8.556 |
8.316 |
|
Total Non-Current
Assets |
454.487 |
394.383 |
404.204 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
415.050 |
262.833 |
301.596 |
|
(c) Trade
receivables |
586.509 |
667.092 |
487.935 |
|
(d) Cash and
bank balances |
160.795 |
244.374 |
137.798 |
|
(e)
Short-term loans and advances |
73.406 |
61.840 |
38.450 |
|
(f) Other
current assets |
67.832 |
82.776 |
48.397 |
|
Total
Current Assets |
1303.592 |
1318.915 |
1014.176 |
|
|
|
|
|
|
TOTAL |
1758.079 |
1713.298 |
1418.380 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3656.739 |
3250.407 |
2704.880 |
|
|
Other Income |
76.912 |
114.167 |
24.845 |
|
|
TOTAL |
3733.651 |
3364.574 |
2729.725 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2768.192 |
2241.318 |
2013.451 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(152.217) |
38.763 |
(97.527) |
|
|
Employee benefit expense |
285.947 |
236.889 |
193.937 |
|
|
CSR expenditure |
5.330 |
3.500 |
3.000 |
|
|
Other expenses |
591.037 |
371.223 |
374.403 |
|
|
TOTAL |
3498.289 |
2891.693 |
2487.264 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
235.362 |
472.881 |
242.461 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.498 |
2.668 |
9.776 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
229.864 |
470.213 |
232.685 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
77.350 |
74.760 |
64.829 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
152.514 |
395.453 |
167.856 |
|
|
|
|
|
|
|
Less |
TAX |
63.963 |
136.151 |
59.936 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
88.551 |
259.302 |
107.920 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
685.476 |
461.919 |
353.999 |
|
|
|
|
|
|
|
|
Dividend paid during the year |
0.000 |
35.745 |
0.000 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
774.027 |
685.476 |
461.919 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11.81 |
34.57 |
16.35 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
3950.000 |
|
|
|
|
(Due to business
growth) |
The above information has been parted by Mr. Debnandan Pal (Marketing
Manager)
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 |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
217.063 |
321.771 |
328.745 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
293.654 |
466.144 |
393.820 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
58.54 |
74.91 |
65.84 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.23 |
4.87 |
5.54 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
79.76 |
99.35 |
114.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.57 |
1.80 |
0.80 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.98 |
2.56 |
1.16 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.48 |
0.46 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.98 |
0.91 |
1.13 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.28 |
0.21 |
0.32 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
42.81 |
177.24 |
24.80 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.42 |
7.98 |
3.99 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.04 |
15.13 |
7.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.30 |
29.69 |
16.61 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.54 |
1.67 |
1.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.05 |
1.33 |
0.97 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.49 |
0.51 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.54 |
1.67 |
1.39 |
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 |
65.997 |
65.997 |
65.997 |
|
Reserves & Surplus |
583.781 |
807.338 |
793.585 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
649.778 |
873.335 |
859.582 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
2704.880 |
3250.407 |
3656.739 |
|
|
|
20.168 |
12.501 |
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 |
2704.880 |
3250.407 |
3656.739 |
|
Profit/ (Loss) |
107.920 |
259.302 |
88.551 |
|
|
3.99
% |
7.98
% |
2.42
% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: As confirmed by the management registered
office of the company has been shifted from A-32, Mohan
Co-Operative Industrial Area, New Delhi – 110044, India to the present address
STATE OF COMPANY’S AFFAIRS AND FUTURE
OUTLOOK
During the year the Company achieved a turnover of INR 3733.651 Million as against INR 3364.574 Million in the immediately preceding previous year. The profit after tax of the Company for the same period decreased to INR 88.551 Million as against INR 259.302 Million in the immediately preceding previous year.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G22612105 |
90037106 |
SUNDARAM AUTO
FINANCE LTD. |
28/02/2002 |
17/11/2016 |
375200.0 |
NO.21; PATULLOS
ROADCHENNAITN600002IN |
FIXED ASSETS:
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
- Leasehold improvements
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 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 64.45 |
|
|
1 |
INR 85.94 |
|
Euro |
1 |
INR 75.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.