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|
MIRA INFORM REPORT
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Report No. : |
494802 |
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Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MSN LABORATORIES PRIVATE LIMITED (w.e.f. 27.02.2013) |
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Formerly Known
As : |
MSN LABORATORIES LIMITED |
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Registered
Office : |
MSN House, Plot No. C-24, Sanath Nagar Industrial Estate, Sanath
Nagar, Hyderabad – 500018, Telangana |
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Tel. No.: |
91-40-30438600 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of Incorporation
: |
27.08.2003 |
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Com. Reg. No.: |
36-041583 |
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Capital
Investment / Paid-up Capital : |
INR 52.000
Million |
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CIN No.: [Company Identification
No.] |
U24239TG2003PTC041583 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
36AADCM6283F1ZD |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCM6283F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Different types of Bulk Drugs,
Formulations and its Intermediates. (Registered Activity) |
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No. of Employees
: |
Not Available [We tried to confirm
the number of employees but no one is ready to part any information from the
company management] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Maximum Credit Limit : |
USD 30000000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
MSN Laboratories Private Limited is a manufacturer of different types of bulk drugs, formulations and its intermediates. The company was started in the year 2003 and is based in Hyderabad, Telangana. It is an established company having fine track record. As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but the documents related to the financial for the year 2017 are not available from any sources. As per available financials of 2016, the company has witnessed a healthy growth in its revenue and has achieved decent profit margin at 20.33% (approx.) The company possesses robust financial risk profile marked by strong net worth base along with negligible debt recorded by the company. The company also derives strength from its long standing track record of business operations. Fundamentals of the company are strong and healthy. 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
February, 2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
February, 2018 |
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 03.03.2018
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
Management Non-Cooperative (91-40-30438600)
LOCATIONS
|
Registered/ Corporate Office : |
MSN House, Plot No. C 24, Sanath Nagar Industrial Estate, Sanath
Nagar, Hyderabad – 500018, Telangana, India |
|
Tel. No.: |
91-40-30438600 |
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Fax No.: |
91-40-30438638 / 30438719/ 30438643 |
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E-Mail : |
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Website : |
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API FACILITIES |
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API Unit 1 : |
Sy No 317 and 323, Rudraram (Village), Patancheru Mandal, District Medak - 502329, Andhra Pradesh, India |
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Tel. No.: |
91-8455-220372/ 373/ 305600 |
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Fax No.: |
91-8455-220415 |
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E-Mail : |
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API Unit 2 Oncology Division: |
SY. No. 50, Kardanur (V), Patancheru (M), District Medak – 502300, Telangana, India |
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Tel. No.: |
91-8458-331200 |
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API Unit 3 : |
Sy No- 14, Gaddapotharam (Village), Jinnaram (Mandal), Sangareddy (District)- 502319, Telangana, India |
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Tel. No.: |
91-8458-304900 |
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Fax No.: |
91-8458-277085 |
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FINISHED DOSAGE
FACILITIES |
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Formulation
Division Unit-1 : |
Plot No. 42, Anrich Industrial Estate, Bollaram (V), District Medak - 502325, Telangana, India |
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Tel. No.: |
91-8458-304950 |
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Fax No.: |
91-8458-279938 |
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E-Mail : |
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Formulation
Division Unit-2: |
Survey Nos. 1277 and 1319 to 1324, Nandigama (V), Kothur (M), District Mahabub Nagar - 509216, Andhra Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Manne Satyanarayana Reddy |
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Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
H. No. 8-3-167/D/16, Kalyan Nagar, Phase-1, Near A.G. Colony,
Hyderabad – 500038, Telangana, India |
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Date of Birth/Age : |
18.04.1957 |
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Qualification : |
M.Sc. Ph. D |
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Date of Appointment : |
27.08.2003 |
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PAN No.: |
ADYPM2116L |
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DIN No.: |
01657567 |
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Other Directorship:
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Name : |
Mrs. Manne Laxmi Prasuna |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
H. No. 8-3-167/D/16, Kalyan Nagar, Phase-1, Near A.G. Colony,
Hyderabad – 500038, Telangana, India |
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Date of Birth/Age : |
06.08.1966 |
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Date of Appointment : |
27.08.2003 |
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PAN No.: |
AOJPM1556Q |
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DIN No.: |
00954334 |
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Other Directorship:
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Name : |
Mr. Bharat Reddy Chintapally |
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Designation : |
Director |
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Address : |
H. No. 8-3-167/D/16, Kalyan Nagar, Phase-1, Near A.G. Colony,
Hyderabad – 500038, Telangana, India |
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Date of Birth/Age : |
30.06.1969 |
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Qualification : |
MS., MBA |
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Date of Appointment : |
01.02.2007 |
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PAN No.: |
AGQPC2221B |
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DIN No.: |
01591473 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Vinod Kumar Chawla |
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Designation : |
Company Secretary |
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Address : |
1-1, 365/A/SHSH/G-01, Street No - 06, Heritage Fresh
Jawahar Nagar, Musheerabaad (Delivery), Musheeraba, Hyderabad- 500020, Telangana, India |
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Date of Appointment : |
25.07.2012 |
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PAN No.: |
AGPPC5797F |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Manne Satyanarayana Reddy |
|
2526800 |
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Manne Laxmi Prasuna |
|
427800 |
|
Manne Venkat Ram Reddy |
|
120000 |
|
Thatikonda Seetha |
|
1000 |
|
Thatikonda Srinivas |
|
1000 |
|
Chintapally Anjani |
|
1000 |
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Chintapally Janardhan Reddy |
|
132000 |
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Manne Venkat Pratap Reddy |
|
124000 |
|
Manne Jeevan Reddy |
|
120000 |
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Manne Srinivasa Reddy |
|
120000 |
|
Manne Nirmala Devi |
|
66000 |
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Manne Geetha |
|
55000 |
|
Thatikonda Sreedhar Reddy |
|
1000 |
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Srinivasan Tirumalarajan |
|
72000 |
|
Sajja Eswaraiah |
|
72000 |
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Challa N.V. Ravi Kumar |
|
72000 |
|
Muppa Kishore Kumar |
|
72000 |
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Chintapally Bharat Reddy |
|
700000 |
|
Manne Madhavi |
|
1200 |
|
Thatikonda Varalakshmamma |
|
1000 |
|
Chintapally Vasudha |
|
1000 |
|
Thatikonda Raja Reddy |
|
1000 |
|
Manne Swathi |
|
1200 |
|
Chakilam Nagaraju |
|
456000 |
|
Manne Shrawya Reddy |
|
55000 |
|
|
|
|
|
Total |
|
5200000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
65.59 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
34.41 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Different types of Bulk Drugs,
Formulations and its Intermediates. (Registered Activity) |
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Products / Services
: |
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||||
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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 : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available [We tried to confirm
the number of employees but no one is ready to part any information from the
company management] |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
B.R.M Reddy and Company Chartered Accountants |
|
Address : |
6-3-1186/A/6, 2nd Floor, Lane adj. to Hotel ITC Kakatiya, Begumpet, Hyderabad – 500016, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB7698A |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
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|
Enterprises which are owned, or have significant influence of
or are partners with Key management personnel and their relatives (AS ON
31.03.2016): |
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|
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|
Subsidiary company
(AS ON 31.03.2016): |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5200000 |
Equity Shares |
INR 10/- each |
INR 52.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
52.000 |
52.000 |
52.000 |
|
(b) Reserves and Surplus |
10596.923 |
8075.673 |
5771.222 |
|
(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) |
10648.923 |
8127.673 |
5823.222 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
727.377 |
410.653 |
59.843 |
|
(b) Deferred tax liabilities (Net) |
528.594 |
359.570 |
243.515 |
|
(c) Other long-term
liabilities |
7.700 |
7.500 |
7.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1263.671 |
777.723 |
310.358 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1218.485 |
1147.699 |
621.386 |
|
(b) Trade
payables |
1340.006 |
2756.886 |
2175.266 |
|
(c) Other
current liabilities |
344.326 |
276.557 |
178.543 |
|
(d) Short-term
provisions |
111.857 |
0.819 |
31.314 |
|
Total Current
Liabilities (4) |
3014.674 |
4181.961 |
3006.509 |
|
|
|
|
|
|
TOTAL |
14927.268 |
13087.357 |
9140.089 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4554.405 |
3789.840 |
1826.995 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
545.289 |
798.060 |
1497.141 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
30.589 |
30.589 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
961.841 |
831.519 |
707.440 |
|
(e) Other
Non-current assets |
0.200 |
0.842 |
5.695 |
|
Total Non-Current
Assets |
6092.324 |
5450.850 |
4037.271 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2381.839 |
1897.781 |
1171.147 |
|
(c) Trade
receivables |
5407.256 |
4822.640 |
3332.145 |
|
(d) Cash and
bank balances |
186.075 |
167.637 |
157.559 |
|
(e)
Short-term loans and advances |
859.774 |
748.449 |
441.967 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
8834.944 |
7636.507 |
5102.818 |
|
|
|
|
|
|
TOTAL |
14927.268 |
13087.357 |
9140.089 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
12710.543 |
9171.823 |
8506.341 |
|
|
Other Income |
188.412 |
98.000 |
184.419 |
|
|
TOTAL |
12898.955 |
9269.823 |
8690.760 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
4856.806 |
3087.936 |
3317.273 |
|
|
Purchases of
Stock-in-Trade |
56.255 |
109.805 |
26.347 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(269.676) |
(410.052) |
(28.471) |
|
|
Employee benefit expense |
1454.880 |
1094.626 |
536.916 |
|
|
Other expenses |
2437.238 |
1866.132 |
1640.507 |
|
|
TOTAL |
8535.503 |
5748.447 |
5492.572 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4363.452 |
3521.376 |
3198.188 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
134.433 |
106.225 |
99.639 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4229.019 |
3415.151 |
3098.549 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
297.109 |
217.011 |
92.429 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3931.910 |
3198.140 |
3006.120 |
|
|
|
|
|
|
|
Less |
TAX |
1348.073 |
862.366 |
892.401 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
2583.837 |
2335.774 |
2113.719 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
7304.443 |
5233.570 |
3361.642 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
320.970 |
264.900 |
320.970 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
9567.310 |
7304.444 |
5233.570 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
7039.903 |
5179.347 |
5484.853 |
|
|
TOTAL EARNINGS |
7039.903 |
5179.347 |
5484.853 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1435.058 |
1018.500 |
877.239 |
|
|
Components and spare
parts |
9.430 |
1.686 |
1.684 |
|
|
Capital Goods |
236.137 |
455.286 |
239.810 |
|
|
TOTAL IMPORTS |
1680.625 |
1475.472 |
1118.733 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
496.89 |
449.00 |
406.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
216.579 |
164.910 |
130.343 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1749.363 |
1645.810 |
2689.941 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
551.381 |
885.534 |
1833.041 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
155.28 |
191.92 |
142.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.35 |
1.90 |
2.55 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
99.55 |
314.68 |
237.46 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.83 |
1.86 |
2.73 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.86 |
0.77 |
0.96 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
155.28 |
191.92 |
142.98 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.35 |
1.90 |
2.55 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
99.55 |
314.68 |
237.46 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.83 |
1.86 |
2.73 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.86 |
0.77 |
0.96 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
20.33 |
25.47 |
24.85 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
17.31 |
17.85 |
23.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
24.26 |
28.74 |
36.30 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.93 |
1.83 |
1.70 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.14 |
1.37 |
1.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.71 |
0.62 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
41.59 |
33.14 |
15.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.93 |
1.83 |
1.70 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
52.000 |
52.000 |
52.000 |
|
Reserves & Surplus |
5771.222 |
8075.673 |
10596.923 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5823.222 |
8127.673 |
10648.923 |
|
|
|
|
|
|
Long-term borrowings |
59.843 |
410.653 |
727.377 |
|
Short term borrowings |
621.386 |
1147.699 |
1218.485 |
|
Current maturities of
long-term debts |
130.343 |
164.910 |
216.579 |
|
Total
borrowings |
811.572 |
1723.262 |
2162.441 |
|
Debt/Equity
ratio |
0.139 |
0.212 |
0.203 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
8506.341 |
9171.823 |
12710.543 |
|
|
|
7.823 |
38.583 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
8506.341 |
9171.823 |
12710.543 |
|
Profit/ (Loss) |
2113.719 |
2335.774 |
2583.837 |
|
|
24.85
% |
25.47
% |
20.33
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
52.000 |
52.000 |
|
(b) Reserves and Surplus |
|
10713.093 |
8135.168 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
10765.093 |
8187.168 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
727.376 |
410.653 |
|
(b) Deferred tax liabilities (Net) |
|
528.594 |
359.570 |
|
(c) Other long-term
liabilities |
|
6.700 |
6.500 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1262.670 |
776.723 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1218.485 |
1147.699 |
|
(b) Trade
payables |
|
1309.143 |
2706.060 |
|
(c) Other
current liabilities |
|
345.326 |
277.556 |
|
(d) Short-term
provisions |
|
111.857 |
0.819 |
|
Total Current
Liabilities (4) |
|
2984.811 |
4132.134 |
|
|
|
|
|
|
TOTAL |
|
15012.574 |
13096.025 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
4557.093 |
3792.744 |
|
(ii)
Intangible Assets |
|
522.479 |
523.620 |
|
(iii) Tangible assets capital
work-in-progress |
|
545.286 |
798.060 |
|
(iv)
Intangible assets under development |
|
0.000 |
3.143 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
500.655 |
282.747 |
|
(e) Other
Non-current assets |
|
0.200 |
0.842 |
|
Total Non-Current
Assets |
|
6125.713 |
5401.156 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2381.840 |
1897.781 |
|
(c) Trade
receivables |
|
5432.346 |
4855.588 |
|
(d) Cash and
bank balances |
|
212.901 |
193.050 |
|
(e)
Short-term loans and advances |
|
859.774 |
748.450 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
8886.861 |
7694.869 |
|
|
|
|
|
|
TOTAL |
|
15012.574 |
13096.025 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
12710.542 |
9171.824 |
|
|
Other Income |
|
212.696 |
150.980 |
|
|
TOTAL |
|
12923.238 |
9322.804 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
4856.806 |
3087.936 |
|
|
Purchases of
Stock-in-Trade |
|
56.255 |
109.805 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(269.676) |
(410.052) |
|
|
Employee benefit expense |
|
1486.957 |
1126.237 |
|
|
Other expenses |
|
2380.294 |
1804.872 |
|
|
TOTAL |
|
8510.636 |
5718.798 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
4412.602 |
3604.006 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
134.433 |
106.225 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
4278.169 |
3497.781 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
333.179 |
226.597 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
3944.990 |
3271.184 |
|
|
|
|
|
|
|
Less |
TAX |
|
1348.228 |
862.540 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
2596.762 |
2408.644 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
499.38 |
463.20 |
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 |
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 |
No |
|
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 |
FINANCIAL PERFORMANCE
(AS ON 31.03.2016)
For the financial year ended March 31, 2016, gross sales was 13032.573 Million as compared to INR 9388.325 Million in the corresponding period of the previous year. The EBITDA for the financial year 2015-16 stood at 4363.452 Million compared to EBITDA 3521.377 Million during the corresponding period of previous year. The Net profit was INR 2583.837 Million for FY 2014-15 as compared to INR 2335.774 Million in the corresponding period of the previous year.
BUSINESS REVIEW (AS
ON 31.03.2016)
The Company presently has two world class bulk actives and chemicals manufacturing facility situated at Rudraram, Medak District, and Kardanur, Medak District near Hyderabad and two finished dosages manufacturing facility at Anrich Industrial Estate, Bollaram, Medak District and Nandigama, Mahaboobnagar Dist., Near Hyderabad.
BULK ACTIVES (AS ON
31.03.2016)
The Company produces around 104 bulk actives in addition to the other chemicals and intermediates in its bulk actives facility. Of this the major products are Rosuvastatin, Oseltamivir, Pregabalin, Clopidogrel, Voricanazole, Ezetimibe, Atoravastatin, Mantelukast, Eplerenone and Tofacitinib and which together contribute over 56% of the product revenues.
The Company continues its efforts to build a stronger customer base, both in domestic as well as export markets. The share of export revenues contributes 61% of the total revenues. The Company expects that the share of export revenues would increase in the years to come. This being propelled mainly through conscious efforts to increase its regulatory filings, customer partnerships, etc.
The Company has filed, in the Indian Patent Office, 60 intellectual property rights applications. Similarly, 10 applications have been filed under Patents Cooperation Treaty (PCT) during FY 2015-16
The company has filed 24 DMFs including CEPS in US, Eurpoe, Canada and Taiwan etc during the FY 2015-16.
FINISHED DOSAGES
BUSINESS (AS ON 31.03.2016)
The Company produces over 140 products in its finished dosage basket. The company has ventured into chronic therapy-Lifestyle diseases which is the biggest threat to the country. This segment, covering invasive and degenerative diseases, is one of the fastest growing segments world over and India in particular. The successful presence of their finished dosages business enables the Company in moving up the value chain in the pharmaceutical vertical.
During the year, the Company has successfully expanded its market reach by establishing a strong presence in the market. As Domestic Formulations Company they have started making inroads in the market and are able to make a mark in the Indian Market.
The Company is making necessary efforts in registering its products in various countries in the semi-regulated markets of the world. Distribution partners have been identified in many countries in Asia-Pacific, Latin America, Africa and some parts of CIS.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G75922641 |
100152113 |
YES BANK LIMITED |
29/12/2017 |
- |
- |
3500000000.0 |
GROUND FLOOR,
MAYANK TOWERS, SURVEY NO. 31(OLD)31/2(NEW), RAJ BHAVAN ROAD,
SOMAJIGUDAHYDERABADTG500082IN |
|
2 |
G15684491 |
100054993 |
AXIS BANK LIMITED |
21/09/2016 |
- |
- |
2317500.0 |
5-2-183/184,ASC
CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
3 |
G52427598 |
100042434 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
13/07/2016 |
11/08/2017 |
- |
750000000.0 |
6-3-1107 &
1108, RAJ BHAVAN ROADSOMAJIGUDAHYDERABADTG500082IN |
|
4 |
G74661505 |
10565506 |
INDUSIND BANK LTD. |
27/03/2015 |
29/12/2017 |
- |
2390000000.0 |
2401 GEN THIMMAYYA
ROADCONTONMENTPUNEMA411001IN |
|
5 |
C40286726 |
10530233 |
AXIS BANK LIMITED |
30/10/2014 |
24/12/2014 |
- |
1700000.0 |
RETAIL ASSET
CENTRE, 5-2-183/184,3RD FLOOR,R.P ROADSECUNDERABADTG500003IN |
|
6 |
B63884381 |
10372144 |
ICICI BANK LIMITED |
13/08/2012 |
15/11/2012 |
- |
200000000.0 |
LANDMARKRACE COURCE
CIRCLEALKAPURIBARODAGJ390015IN |
|
7 |
G51428118 |
10333818 |
ICICI BANK LIMITED |
24/01/2012 |
16/08/2017 |
- |
1200000000.0 |
ICICI BANK TOWER,
NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
8 |
A71194419 |
10016973 |
AXIS BANK LIMITED |
19/08/2006 |
24/09/2009 |
- |
65000000.0 |
CREDIT MANAGEMENT
CENTRE, 5-2-183/184, 8751(OLD)IIIRD FLOOR, R P ROADSECUNDERABADAP500003IN |
|
9 |
G52227337 |
90126902 |
AXIS BANK LIMITED |
25/08/2004 |
16/08/2017 |
- |
950000000.0 |
CORPORATE BANKING BRANCH,
1ST FLOOR,PULLAREDDY BUILDINGS, GREENLANDS, BEGUMPETHYDERABADTG500016IN |
|
10 |
B78113958 |
10068165 |
3I INFOTECH
TRUSTEESHIP SERVICES LIMITED |
27/09/2007 |
20/09/2011 |
22/06/2013 |
200000000.0 |
3RD TO 6TH FLOOR, INTERNATIONAL
INFOTECH PARK,TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHINAVI
MUMBAIMH400703IN |
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,
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 64.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
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.