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|
MIRA
INFORM REPORT
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Report No. : |
498184 |
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Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
JUBILANT GENERICS LIMITED |
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|
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Registered
Office : |
Plot 1A, Sector 16A, Institutional Area, Gautam Budha Nagar, Noida - 201301,
Uttar Pradesh |
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Tel. No.: |
91-120-4361000 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
25.11.2013 |
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Com. Reg. No.: |
20-060821 |
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Capital
Investment / Paid-up Capital : |
INR 13.080 Million |
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CIN No.: [Company Identification
No.] |
U24100UP2013FLC060821 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
09665719785 |
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PAN No.: [Permanent Account No.] |
AADCJ2401L |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
09AADCJ2401L1ZO |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is to engage in the manufacture and supply of Generics (including Active Pharmaceutical Ingredients (APIs) and Solid Dosage Formulations). (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 18496000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is wholly owned subsidiary of “Jubilant Pharma Limited,
Singapore” and was incorporated in the year 2013. It is having fine track
records. As per the registrar of
Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017
but documents related to financial for the year 31.03.2017 are not available
from any sources. For the financial year 2016, the company has increased its revenue
from operation as compared to previous year and reported average
profitability margin of 2.03%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and average debt balance sheet. Further, the company also derives strength from its strong holding
company support, well established track records of business operation along
with improvement in the profitability and market position. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
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Rating |
Long term rating : AA- |
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Rating Explanation |
High degree of safety and very low credit risk |
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Date |
September, 2017 |
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Rating Agency Name |
INDIA RATING |
|
Rating |
Short term rating : A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
September, 2017 |
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 19.03.2018
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 DECLINED
Management non-cooperative (Tel No.: 91-120-4361000)
LOCATIONS
|
Registered Office/ Corporate Office : |
Plot 1A, Sector 16A, Institutional Area, Gautam Budha Nagar, Noida - 201301,
Uttar Pradesh, India |
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Tel. No.: |
91-120-4361000 |
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Fax No.: |
91-120-4234881/84/85 87/95/96 |
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E-Mail : |
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Website : |
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Factory 1/ R &
D Facilities 1 : |
Bhartiagram Gajraula, District Amroha - 244223, Uttar Pradesh, India |
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Tel. No.: |
91-5924-252353-60 |
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Fax No.: |
91-5924-252352 |
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Factory 2 : |
Village Sikandarpur Bhainswal, Bhagwanpur, Roorkee, District Haridwar-247661, Uttarakhand, India |
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Tel. No.: |
91-1332-235161-66 |
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Fax No.: |
91-1332-235169 |
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Factory 3 / R &
D Facilities 2 : |
56, Industrial Area, Nanjangud, District Mysore - 571302, Karnataka, India |
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Tel. No.: |
91-8221-228402-08 |
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Fax No.: |
91-8221-228410-11 |
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Factory 4 : |
Block 133, Village Samlaya, Taluka Savli, District Vadodara - 391520, Gujarat, India |
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Tel. No.: |
91-2667-251361, 251 563-4 |
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Fax No.: |
91 2667-251305 |
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Factory 5 : |
Plot No.5, Vilayat GIDC, Taluka Vagra, Bharuch - 392012, Gujarat, India |
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Tel. No.: |
91-2641-281500 (30 Lines) |
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Fax No.: |
91-2641-281515 |
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Factory 6 : |
Village Nimbut, Railway Station, Nira Taluka Baramati, Pune-412102, Maharashtra, India |
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Tel. No.: |
91-2112-269155 |
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Factory 7 : |
N-34, Additional Ambernath MIDC Anand Nagar, Ambernath (East)-421506, Maharashtra, India |
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R & D
Facilities 3 : |
C-46, Sector 62, Noida - 201 301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4364000 |
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Fax No.: |
91-120-2404336 |
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Branch Offices : |
Located at :
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DIRECTORS
As on 31.03.2017
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Name : |
Mr. Shyam Nath Singh |
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Designation : |
Director |
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Address : |
301, Konark Apartments, Patparganj, Delhi 110092, India |
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Date of Birth/Age : |
12.06.1938 |
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Date of Appointment : |
29.09.2015 |
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PAN No.: |
ANUPS0207N |
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DIN No.: |
00010530 |
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Other
Directorship:
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Name : |
Mr. Rajagopal Sankaraiah |
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Designation : |
Director |
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Address : |
B4/11, DLF Phase - I, Gurugram-122002, Haryana, India |
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Date of Birth/Age : |
07.05.1959 |
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Date of Appointment : |
25.11.2013 |
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PAN No.: |
AAVPS4387H |
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DIN No.: |
00025022 |
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Other
Directorship:
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Name : |
Ms. Sudha Pillai |
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Designation : |
Director |
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Address : |
D-241, Second Floor, Sarvodaya Enclave, New Delhi-110017, India |
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Date of Birth/Age : |
01.05.1950 |
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Date of Appointment : |
29.09.2015 |
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PAN No.: |
AENPP4151N |
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DIN No.: |
02263950 |
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Other
Directorship:
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Name : |
Mr. Gurpartap Singh Sachdeva |
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Designation : |
Director |
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Address : |
14 Sparrow Dr Princeton JCT New Jersey 08550 US |
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Date of Appointment : |
27.10.2015 |
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DIN No.: |
07288795 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Amit Chaurasia |
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Designation : |
Company Secretary |
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Address : |
K-22, Second Floor, Naveen Shahdara, Delhi-110032, India |
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Date of Birth/Age : |
28.02.1977 |
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Date of Appointment : |
10.12.2013 |
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PAN No.: |
AEMPC9499M |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Jubilant Pharma Limited, Singapore |
|
2579658 |
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Jubilant Phan1Ja Limited jointly with R. Sankaraiah. |
|
1 |
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Jubilant Phan1Ja Limited jointly with Prakash 13isht |
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1 |
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Jubilant Phanna Limited jointly with Arun Sharma |
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1 |
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Jubilant Phanna Limited jointly with Rajiv Shah |
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1 |
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Jubilant Phanna Limited jointly with Ambuj Jain |
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1 |
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Jubilant Pharma Limited jointly with Praveen Gupta, |
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1 |
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Jubilant Pharma Limited jointly with Ashwani Malhotra |
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1 |
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Total |
|
2579665 |
Equity Share Break up (Percentage of Total Equity)
As on 28.08.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is to engage in the manufacture and supply of Generics (including Active Pharmaceutical Ingredients (APIs) and Solid Dosage Formulations). (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 : |
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 : |
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Facilities : |
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Auditors : |
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Name : |
BSR and Company LLP Chartered Accountants |
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Address : |
Building No.10, 8th Floor, Tower-B, DLF Cyber City, Phase-II, Gurugram -122002, Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company (As on 2017) : |
CIN No.: L24116UP1978PLC004624 |
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Subsidiary Companies (As on 2017) : |
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Holding Company (As
on 31.03.2016) : |
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Ultimate Holding
Company (As on 31.03.2016) : |
CIN No.: L24116UP1978PLC004624 |
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Fellow Subsidiaries
(As on 31.03.2016) : |
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Subsidiary (As on
31.03.2016) : |
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Step-down
Subsidiaries (As on 31.03.2016) : |
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Other Entities (As
on 31.03.2016) : |
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CAPITAL STRUCTURE
As on 28.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2579665 |
Equity Shares |
INR 10/- each |
INR 25.797 Million |
|
|
|
|
|
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1308499 |
Equity Shares |
INR 10/- each |
INR 13.080 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 |
13.080 |
9.230 |
1.000 |
|
(b) Reserves and
Surplus |
6460.540 |
3287.890 |
(0.410) |
|
(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) |
6473.620 |
3297.120 |
0.590 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term
borrowings |
8439.050 |
7917.540 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long-term liabilities |
102.440 |
82.110 |
0.000 |
|
(d)
long-term provisions |
174.680 |
166.800 |
0.000 |
|
Total
Non-current Liabilities (3) |
8716.170 |
8166.450 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short-term borrowings |
2497.750 |
1439.710 |
0.000 |
|
(b)
Trade payables |
1599.180 |
1187.240 |
0.140 |
|
(c)
Other current liabilities |
999.120 |
5676.230 |
0.030 |
|
(d)
Short-term provisions |
61.400 |
14.550 |
0.000 |
|
Total
Current Liabilities (4) |
5157.450 |
8317.730 |
0.170 |
|
|
|
|
|
|
TOTAL |
20347.240 |
19781.300 |
0.760 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5702.170 |
6064.850 |
0.000 |
|
(ii) Intangible Assets |
2329.400 |
2394.370 |
0.000 |
|
(iii) Tangible assets capital work-in-progress |
160.520 |
60.440 |
0.000 |
|
(iv) Intangible assets under development |
2807.630 |
2723.100 |
0.000 |
|
(b) Non-current Investments |
4055.000 |
4055.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
80.270 |
84.460 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
15134.990 |
15382.220 |
0.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2122.210 |
1878.320 |
0.000 |
|
(c) Trade receivables |
2296.180 |
2063.240 |
0.000 |
|
(d) Cash and bank balances |
38.060 |
24.670 |
0.760 |
|
(e) Short-term loans and advances |
753.130 |
424.560 |
0.000 |
|
(f) Other current assets |
2.670 |
8.290 |
0.000 |
|
Total
Current Assets |
5212.250 |
4399.080 |
0.760 |
|
|
|
|
|
|
TOTAL |
20347.240 |
19781.300 |
0.760 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
9104.220 |
6203.290 |
0.000 |
|
|
Other Income |
9.590 |
10.710 |
0.000 |
|
|
TOTAL |
9113.810 |
6214.000 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of
Materials Consumed |
3524.700 |
2746.310 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
30.380 |
44.420 |
0.000 |
|
|
Changes in
inventories of finished goods, work-in-progress and Stock-in-Trade |
(182.550) |
(148.540) |
0.000 |
|
|
Employee
benefit expense |
1219.520 |
857.400 |
0.000 |
|
|
Other
expenses |
1802.190 |
1499.710 |
0.410 |
|
|
TOTAL |
6394.240 |
4999.300 |
0.410 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2719.570 |
1214.700 |
(0.410) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1096.620 |
1107.450 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
1622.950 |
107.250 |
(0.410) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1390.310 |
928.120 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
232.640 |
(820.870) |
(0.410) |
|
|
|
|
|
|
|
Less |
TAX |
47.740 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
184.900 |
(820.870) |
(0.410) |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
169.68 |
(1032.69) |
(14.64) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
48.650 |
725.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
2483.590 |
521.470 |
(0.240) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
92.06 |
121.40 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.96 |
3.01 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
164.19 |
155.28 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.28 |
0.65 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.25 |
0.11 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.86 |
0.22 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.70 |
3.06 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.80 |
2.52 |
0.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.70 |
3.41 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.48 |
1.10 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.03 |
(13.23) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.91 |
(4.15) |
(53.95) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.86 |
(24.90) |
(69.49) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.01 |
0.53 |
4.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.60 |
0.30 |
4.47 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.32 |
0.17 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
839.87 |
1092.33 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.01 |
0.53 |
4.47 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1.000 |
9.230 |
13.080 |
|
Reserves & Surplus |
(0.410) |
3287.890 |
6460.540 |
|
Net
worth |
0.590 |
3297.120 |
6473.620 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
7917.540 |
8439.050 |
|
Short term borrowings |
0.000 |
1439.710 |
2497.750 |
|
Current maturities of
long-term debts |
0.000 |
725.000 |
48.650 |
|
Total
borrowings |
0.000 |
10082.250 |
10985.450 |
|
Debt/Equity
ratio |
0.000 |
3.058 |
1.697 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
|
Sales |
6203.290 |
9104.220 |
|
|
|
46.764 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
|
Sales |
6203.290 |
9104.220 |
|
Profit/ (Loss) |
(820.870) |
184.900 |
|
(13.23%) |
2.03% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
|
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
13.080 |
|
(b) Reserves & Surplus |
|
|
6338.850 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
(3) Minority Interest |
|
|
234.580 |
|
Total
Shareholders’ Funds |
|
|
6586.510 |
|
|
|
|
|
|
(4) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
8439.050 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
102.440 |
|
(d) long-term provisions |
|
|
175.970 |
|
Total
Non-current Liabilities |
|
|
8717.460 |
|
|
|
|
|
|
(5) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
2497.750 |
|
(b) Trade payables |
|
|
1617.440 |
|
(c) Other current liabilities |
|
|
1019.740 |
|
(d) Short-term provisions |
|
|
65.080 |
|
Total
Current Liabilities (4) |
|
|
5200.010 |
|
|
|
|
|
|
TOTAL |
|
|
20503.980 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
5702.350 |
|
(ii) Intangible Assets |
|
|
3432.240 |
|
(iii) Capital work-in-progress |
|
|
160.520 |
|
(iv) Intangible assets under
development |
|
|
2806.640 |
|
(b) Non-current Investments |
|
|
3090.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
80.540 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
15272.290 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
2144.380 |
|
(c) Trade receivables |
|
|
2232.990 |
|
(d) Cash and cash equivalents |
|
|
72.370 |
|
(e) Short-term loans and
advances |
|
|
779.280 |
|
(f) Other current assets |
|
|
2.670 |
|
Total
Current Assets |
|
|
5231.690 |
|
|
|
|
|
|
TOTAL |
|
|
20503.980 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
9204.370 |
|
|
Other Income |
|
|
9.890 |
|
|
TOTAL
|
|
|
9214.260 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
3524.700 |
|
|
Purchases of Stock-in-Trade |
|
|
48.980 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(152.210) |
|
|
Employees benefits expense |
|
|
1247.000 |
|
|
Other expenses |
|
|
1880.380 |
|
|
TOTAL |
|
|
6548.850 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
2665.410 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
1096.790 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
1568.620 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
1390.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
177.820 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
47.820 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
130.000 |
|
|
|
|
|
|
|
Add |
Minority
Interest |
|
|
14.540 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) FOR THE YEAR |
|
|
144.540 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
132.65 |
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 |
No |
|
26] |
Turnover of firm for last about two years
months |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last about two years
months |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
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 |
CORPORATE INFORMATION
(As on 31.03.2016)
The Company is a public limited company domiciled in India and incorporated on 25 November 2013 under the provisions of Companies Act, 1956. The Company is incorporated to engage in the manufacture and supply of Generics (including Active Pharmaceutical Ingredients (APIs) and Solid Dosage Formulations).
RESULTS OF OPERATIONS
AND THE STATE OF COMPANY’S AFFAIRS (As on 31.03.2016)
Income from
Operations
In the Financial Year 2015-16, the Company recorded income from operations of INR 9104.220 million.
International
Revenues
International business contributed 86% to the Net Revenue from operations at INR 7816.780 million.
EBITDA
For the year ended March 31, 2016, EBITDA stood at INR 2719.570 million with EBITDA margins at 30%.
Reported Net Profit/ Loss After Tax and EPS
Reported Net Profit After Tax was INR 184.900 million in the Financial Year 2015-16. Basic EPS stood at INR 169.68.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
4341.000 |
4341.000 |
|
Total |
4341.000 |
4341.000 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C39989314 |
10542119 |
ICICI BANK LIMITED |
09/01/2015 |
- |
- |
5000000000.0 |
ICICI BANK TOWERS BANDRA KURLA COMPLEX MUMBAI MAHARASHTRA 400051 INDIA |
|
2 |
G31205099 |
10622549 |
INDUSIND BANK LIMITED |
05/02/2016 |
- |
21/12/2016 |
1000000000.0 |
2401 GEN THIMMAYYA ROAD CONTONMENT PUNE MAHARASHTRA 411001 INDIA |
|
3 |
G30984025 |
10532814 |
IL & FS TRUST COMPANY LIMITED |
30/09/2014 |
20/03/2015 |
14/12/2016 |
1300000000.0 |
IL & FS FINANCIAL CENTRE PLOT NO C22 G BLOCK BANDRA KURLA COMPLEX BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA |
|
4 |
G30983183 |
10517564 |
IL & FS TRUST COMPANY LIMITED |
25/06/2014 |
20/03/2015 |
14/12/2016 |
3000000000.0 |
IL & FS FINANCIAL CENTRE PLOT NO C22 G BLOCK BANDRA KURLA COMPLEX BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA |
|
5 |
C43802255 |
10514981 |
THE RATNAKAR BANK LIMITED |
30/07/2014 |
- |
05/02/2015 |
500000000.0 |
SHAHUPURI,KOLHAPUR, KOLHAPUR MAHARASHTRA 416001 INDIA |
|
6 |
C43573328 |
10514885 |
ING VYSYA BANK LIMITED |
03/07/2014 |
- |
02/02/2015 |
750000000.0 |
NARIAN MANZIL, GROUND FLOOR, SHOP NO. G1 TO G5,I FLOOR, SHOP NO.1001 TO 1007,BARAKHAMBA ROAD, NEW DELHI 110001 INDIA |
|
7 |
C43150382 |
10522898 |
EXPORT IMPORT BANK OF INDIA |
23/09/2014 |
- |
22/01/2015 |
300000000.0 |
FLOOR 21; CENTRE ONE BUILDING WORLD TRADE CENTRE COMPLEX, CUFFE PARADE MUMBAI MAHARASHTRA 400005 INDIA |
|
8 |
C42261693 |
10515202 |
YES BANK LIMITED |
07/07/2014 |
- |
09/01/2015 |
1250000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI, MUMBAI MAHARASHTRA 400018 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Claims against the
Company, disputed by the Company, not acknowledged as debts*: |
|
|
|
Service tax |
244.320 |
242.630 |
|
Central excise |
4.650 |
4.730 |
|
Customs |
0.080 |
0.830 |
|
Total |
249.050 |
248.190 |
|
*Including claims in respect of business acquired in previous year from Jubilant Life Sciences Limited though the litigations may be continuing in the name of Jubilant Life Sciences Limited, however any liability arising in future relating to these disputes will be borne by the Company. Additionally, the Company is involved in other disputes, lawsuits, claims, governmental and/ or regulatory inspections, inquiries, investigations and proceedings, including commercial matters that arise from time to time in the ordinary course of business. The Company believes that none of these matters, either individually or in aggregate, are expected to have any material adverse effect on its financial statements. |
||
FIXED ASSETS
- Land
- Building
- Furniture and Fixture
- Computer
- Plant and Equipment
- Office equipment
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.87 |
|
UK Pound |
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·