|
|
|
MIRA INFORM REPORT
|
Report No. : |
515990 |
|
Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPRIYA LIFESCIENCE LIMITED |
|
|
|
|
Registered
Office : |
207/208, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai –
400063, Maharashtra |
|
Tel. No.: |
91-22-40332727/ 66942507 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.03.2008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 146.367 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2008PLC180452 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0393061884 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS8686A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Bulk Drugs, Pharmaceutical Chemicals, Substances (Chlorpheniramine Maleate). [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 1311000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2008 having
good track record. For the financial year ended 2017, the company has witnessed a growth in
its revenue and has achieved fair profit margin at 3.08% (Approximately). The company possesses sound financial profile marked by healthy net
worth base along with fair debt level and favorable gap between trade
payables to its trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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 |
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 26.06.2018.
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 DENIED BY
|
Name : |
Mr. Vijay |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40332727 |
|
Date : |
21.06.2018 |
LOCATIONS
|
Registered Office/ Corporate Office : |
207/208, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-40332727/ 66942507 |
|
Fax No.: |
91-22-26860011 |
|
E-Mail : |
accounts@supriyalifescience.com |
|
Website : |
|
|
|
|
|
Factory : |
A-5/2, Lote Parshuram Industrial Area, M.I.D.C., Chiplun, Taluka Khed,
District Ratnagiri – 415722,
Maharashtra India |
|
Tel. No.: |
91-2356-272299 |
|
Fax No.: |
91-2356-272178 |
|
Email : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Satish Waman Wagh |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
4, Prabhas, Plot No.9, H.F. Society Road, Jogeshwari (East), Mumbai –
400060, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
29.12.1955 |
||||||||||||||||
|
Qualification : |
BSC and BA |
||||||||||||||||
|
Date of Appointment : |
01.06.2008 |
||||||||||||||||
|
PAN No.: |
AAAPW7907N |
||||||||||||||||
|
DIN No.: |
01456982 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mrs. Asha Waman Wagh |
||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||
|
Address : |
Mangirish Building, Plot No.9, Ground Floor, Hindu Friends Society Road,
Gogeshwari (East), Mumbai – 400060, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
19.05.1932 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
01.06.2008 |
||||||||||||||||
|
PAN No.: |
AAKPW3252C |
||||||||||||||||
|
DIN No.: |
00833849 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mrs. Smita Satish Wagh |
||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||
|
Address : |
Prabhas, Plot No.9, Block No.4, H.F. Society Road, Jogeshwari (East)
Mumbai-400060, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
23.05.1958 |
||||||||||||||||
|
Qualification : |
B.Ed and BA |
||||||||||||||||
|
Date of Appointment : |
26.03.2008 |
||||||||||||||||
|
PAN No.: |
AANPW0379F |
||||||||||||||||
|
DIN No.: |
00833912 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Bhairav Manojbhai Chokshi |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
47, Paras Kunj Society, Vibhag-1, Satellite Road, Ambawadi,
Ahmedabad-380015, Gujarat, India |
||||||||||||||||
|
Date of Appointment : |
02.02.2015 |
||||||||||||||||
|
DIN No.: |
03612527 |
||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Kedar Shankar Karmarkar |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
D-1/38, Prachi Society, Shahaji Raje Marg, Vile Parle (East),
Mumbai-400057, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
07.04.1964 |
||||||||||||||||
|
Date of Appointment : |
02.02.2015 |
||||||||||||||||
|
DIN No.: |
06499019 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Balasaheb Gulabrao Sawant |
||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||
|
Address : |
Anubandh, Plot Nambar 63, Ajit Nagar, Kolki Tal Phaltan, Kolki,
Satara-415523, Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
24.02.2017 |
||||||||||||||||
|
DIN No.: |
07743507 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vijaykumar Purushottam Kulkarni |
|
Designation : |
Chief Financial Officer |
|
Address : |
10/502, Phase Five Brahmand, Azad Nagar, Thane (West), Mumbai-400607, Maharashtra, India |
|
Date of Appointment : |
01.07.2016 |
|
PAN No.: |
AODPK7812D |
|
|
|
|
Name : |
Mr. Vijay |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Satish Waman Wagh |
|
14527014 |
|
Asha Waman Wagh |
|
29250 |
|
Smita Satish Wagh |
|
64350 |
|
Kavita Waman Desai |
|
1464 |
|
Deepak Ganpat Chavan |
|
1464 |
|
Dilip Vadilal Talsania |
|
1464 |
|
Saloni Satish Wagh |
|
5850 |
|
Shivani Satish Wagh |
|
5850 |
|
Total |
|
14636706 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bulk Drugs, Pharmaceutical Chemicals, Substances (Chlorpheniramine Maleate). [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 : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
P. K. Mutha and Company Chartered Accountants |
|
Address : |
3rd Floor, Alankar Building, 208, Samuel Street, Masjid Bunder (West), Mumbai – 400003, Maharashtra, India |
|
Tel No.: |
91-22-23436467/ 23414361 |
|
Fax No.: |
91-22-66336963 |
|
Email : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPM3396L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key Management
personnel and their relatives : |
Vaibhav Chemicals, India |
|
|
|
|
Other Related Party : |
Swastik Industries, India |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14636706 |
Equity Shares |
INR 10/- each |
INR 146.367
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 |
146.367 |
146.367 |
48.789 |
|
(b) Reserves and Surplus |
312.544 |
260.399 |
325.059 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
10.458 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
458.911 |
417.224 |
373.848 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
454.077 |
344.107 |
196.673 |
|
(b) Deferred tax liabilities (Net) |
58.952 |
48.024 |
36.792 |
|
(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) |
513.029 |
392.131 |
233.465 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
946.748 |
946.920 |
790.777 |
|
(b) Trade
payables |
406.930 |
497.949 |
298.483 |
|
(c) Other
current liabilities |
59.436 |
42.083 |
39.907 |
|
(d) Short-term
provisions |
28.368 |
15.654 |
19.643 |
|
Total Current
Liabilities (4) |
1441.482 |
1502.606 |
1148.810 |
|
|
|
|
|
|
TOTAL |
2413.422 |
2311.961 |
1756.123 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
876.251 |
753.384 |
611.438 |
|
(ii)
Intangible Assets |
11.561 |
1.142 |
0.251 |
|
(iii) Tangible assets
capital work-in-progress |
355.847 |
251.829 |
109.582 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.004 |
0.996 |
0.959 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
18.400 |
15.511 |
3.264 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1263.063 |
1022.862 |
725.494 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
382.160 |
530.354 |
390.871 |
|
(c) Trade
receivables |
496.107 |
423.380 |
353.594 |
|
(d) Cash and
bank balances |
55.788 |
70.935 |
50.611 |
|
(e)
Short-term loans and advances |
216.304 |
264.430 |
235.553 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1150.359 |
1289.099 |
1030.629 |
|
|
|
|
|
|
TOTAL |
2413.422 |
2311.961 |
1756.123 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1835.049 |
1706.593 |
1378.662 |
|
|
Other Income |
74.450 |
17.260 |
24.111 |
|
|
TOTAL |
1909.499 |
1723.853 |
1402.773 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1124.626 |
1200.215 |
952.043 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
105.212 |
(120.592) |
(69.234) |
|
|
Employee benefit expense |
154.910 |
134.686 |
92.857 |
|
|
CSR expenditure |
0.278 |
0.646 |
1.245 |
|
|
Other expenses |
278.768 |
288.396 |
230.150 |
|
|
TOTAL |
1663.794 |
1503.351 |
1207.061 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
245.705 |
220.502 |
195.712 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
117.584 |
100.416 |
69.243 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
128.121 |
120.086 |
126.469 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
47.485 |
39.493 |
24.914 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
80.636 |
80.593 |
101.555 |
|
|
|
|
|
|
|
Less |
TAX |
24.027 |
23.664 |
19.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
56.609 |
56.929 |
82.055 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
967.433 |
1001.912 |
801.388 |
|
|
TOTAL EARNINGS |
967.433 |
1001.912 |
801.388 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.87 |
3.89 |
16.82 |
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 |
|
Net cash flows from (used in) operations |
278.007 |
150.497 |
(52.912) |
|
Net cash flows from (used in) operating activities |
266.930 |
135.038 |
(62.508) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
98.68 |
90.55 |
93.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
3.70 |
4.03 |
3.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
132.07 |
151.43 |
114.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.64 |
0.42 |
0.50 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.20 |
0.22 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.79 |
0.80 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.05 |
3.09 |
2.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.14 |
3.60 |
3.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.71 |
2.41 |
1.93 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.09 |
2.20 |
2.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
3.08 |
3.34 |
5.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.35 |
2.46 |
4.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.34 |
13.64 |
21.95 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.80 |
0.86 |
0.90 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.53 |
0.50 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.19 |
0.18 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.57 |
8.82 |
20.24 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.80 |
0.86 |
0.90 |
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 |
48.789 |
146.367 |
146.367 |
|
Reserves & Surplus |
325.059 |
260.399 |
312.544 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
10.458 |
0.000 |
|
Net
worth |
373.848 |
417.224 |
458.911 |
|
|
|
|
|
|
Long-term borrowings |
196.673 |
344.107 |
454.077 |
|
Short term borrowings |
790.777 |
946.920 |
946.748 |
|
Total
borrowings |
987.450 |
1291.027 |
1400.825 |
|
Debt/Equity
ratio |
2.641 |
3.094 |
3.052 |
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 |
1378.662 |
1706.593 |
1835.049 |
|
|
|
23.786 |
7.527 |
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 |
1378.662 |
1706.593 |
1835.049 |
|
Profit/ (Loss) |
82.055 |
56.929 |
56.609 |
|
|
5.95% |
3.34% |
3.08% |
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 |
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 |
No |
|
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
16.245 |
37.127 |
|
Term loans from others |
0.000 |
1.259 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Other loans and advances, others |
0.719 |
1.257 |
|
Total |
16.964 |
39.643 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G16443426 |
100055703 |
The Saraswat Cooperative Bank Ltd |
29/09/2016 |
- |
50000000.0 |
SME Vile Parle Branch, Bholanath Co-op Housing Society, Subhash Road, Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
2 |
G11320991 |
100048972 |
DCB BANK LIMITED |
31/08/2016 |
- |
17800000.0 |
601 and 602, Peninsula Business Park, 6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, MumbaiMa-400013, Maharashtra, India |
|
3 |
G11322674 |
100048974 |
DCB BANK LIMITED |
31/08/2016 |
- |
42200000.0 |
601 and 602, Peninsula Business Park, 6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, MumbaiMa-400013, Maharashtra, India |
|
4 |
G08306417 |
100041125 |
The Saraswat Cooperative Bank Ltd |
07/07/2016 |
- |
62000000.0 |
SME Vile Parle Branch, Bholanath Co-op Housing Society, Subhash Road, Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
5 |
G04803664 |
100030180 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
17/05/2016 |
- |
2135950.0 |
130, Pandurang Budhkar Marg,Worli, Mumbai-400018, Maharashtra, India |
|
6 |
G02058592 |
100021824 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
31/03/2016 |
- |
5051059.0 |
130, Pandurang Budhkar Marg,Worli, Mumbai-400018, Maharashtra, India |
|
7 |
G02271716 |
10628115 |
The Saraswat Cooperative Bank Ltd |
26/02/2016 |
05/04/2016 |
163500000.0 |
SME Vile Parle Branch, Bholanath Co-op Housing Society, Subhash Road, Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
8 |
C81208464 |
10624757 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
17/02/2016 |
- |
10156617.0 |
130, Pandurang Budhkar Marg,Worli, Mumbai-400018, Maharashtra, India |
|
9 |
C78056660 |
10618087 |
The Saraswat Cooperative Bank Ltd |
22/01/2016 |
- |
50000000.0 |
SME Vile Parle Branch, Bholanath Co-op Housing Society, Subhash Road, Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
10 |
C66307760 |
10595222 |
The Saraswat Cooperative Bank Ltd |
01/10/2015 |
- |
22500000.0 |
SME Vile Parle Branch, Bholanath Co-op Housing Society, Subhash Road, Vile Parle (East), Mumbai-400057, Maharashtra, India |
FIXED ASSETS:
- Land
- Building
- Plant and 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,
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 68.15 |
|
|
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BHG |
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.