|
|
|
MIRA INFORM REPORT
|
Report No. : |
499200 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SIEMENS
HEALTHCARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 9A, 9th Floor, North Tower, Godrej One, Pirojshah Nagar, Eastern Express Highway, Vikhroli (East), Mumbai – 400079, Maharashtra |
|
Tel. No.: |
91-22-33700000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.05.2015 |
|
|
|
|
Com. Reg. No.: |
11-264859 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 177.410
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2015PTC264859 |
|
|
|
|
IEC No.: |
0315054191 |
|
|
|
|
GST No.: |
19AAVCS8021P1ZC 29AAVCS8021P1ZB [Bengaluru] 32AAVCS8021P1ZO [Ernakulam] 33AAVCS8021P1ZM [Nungambakkam] 34AAVCS8021P1ZK [Division – I] 10AAVCS8021P1ZU [Patna Special] 18AAVCS8021P1ZE [Guwahati] 20AAVCS8021P1ZT [Jamshedpur Urban] 21AAVCS8021P1ZR [Rourkela - I Circle] 23AAVCS8021P1ZN [Bhopal
-5] 27AAVCS8021P1ZF [Mumbai Nodal Division-4] 30AAVCS8021P1ZS [Margao] 36AAVCS8021P1ZG [Market Street] 37AAVCS8021P1ZE [Suryabagh] 27AAVCS8021P1ZF [Mumbai Nodal Division-4] 04AAVCS8021P1ZN [Ward 4] 09AAVCS8021P1ZD [Lucknow Sector-20 , DC] 05AAVCS8021P1ZL [Dehradun - Sector 4] 08AAVCS8021P1ZF [Circle-G, Jaipur - Ward-3] 06AAVCS8021P1ZJ [Gurgaon (East) Ward 4] |
|
|
|
|
TIN No.: |
21445301534 [Odisha] 23419189152 [Madhya Pradesh] 27491171196 [Maharashtra] 30711112874 [Goa] 36891282848 [Telangana] 27491171196 [Maharashtra] 05017194342 [Uttarakhand] 08802115634 [Rajasthan] 06831843794 [Haryana] |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAVCS8021P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Selling of Equipment and Services and Maintenance of Medical Imaging Equipments or Diagnostic Instruments or Systems or Solutions including their Spare Parts, Reagents or Consumables and also Providing Research and Development including Development of Software and Software Solutions and Providing Maintenance Services. [Registered Activity and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
2700 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Siemens
Healthcare Private Limited is a part of “Siemens AG” the largest engineering
company. The company is a prominent maker of medical diagnostics equipment
and its medical health-care division, which generates about 12% of the
company’s total sales, its second-most profitable unit, after the industrial
automation division. Siemens and its subsidiaries employ approximately
362,000 people worldwide. As per
the financials of March 2017, the company has registered a healthy growth in
its revenue as compared to its previous year’s revenue but has incurred
losses. Rating
takes into consideration the company’s healthy financial risk profile along
with low solvency indicators and good liquidity position. Rating
also takes into account the strong financial and managerial support received
from its parent company and well experienced management team. Further,
Siemens AG has been ranked 66th with Global Fortune 500 Companies. Payment
seems to be regular. In view of aforesaid, the company can be considered good 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 22.03.2018.
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 PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Sanjeev Kumar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9687641236 |
|
Date : |
22.03.2018 |
[Given number 91-22-39677000 is not working]
LOCATIONS
|
Registered Office : |
Unit No. 9A, 9th Floor, North Tower, Godrej One, Pirojshah Nagar, Eastern Express Highway, Vikhroli (East), Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-33700600 |
|
Mobile No.: |
91-9687641236 [Mr. Sanjeev Kumar] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Located at: · Bhiwandi, Maharashtra, India |
|
|
|
|
Factory |
L-6, Verna Industrial Estate, Verna Salcete - 403722, Goa, India |
|
Tel. No.: |
91-832-3070174 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Offices : |
Located at: · Ahmadabad · Gurugram · Lucknow · Bangalore · Hyderabad · Mumbai · Bhopal · Jaipur · Nagpur · Kochi · Patna · Chennai · Kolkata · Pune ·
Chandigarh |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Gerd Herbert Hoefner |
|
Designation : |
Managing Director |
|
Address : |
Flat No. B302 (3B), Epsilon Apartments, 3rd Floor, Yemlur Main Road, Off Old Airport Road, Bangalore-560037, Karnataka, India |
|
Date of Birth/Age : |
22.04.1959 |
|
Qualification : |
Masters in Computer Science |
|
Date of Appointment : |
01.12.2015 |
|
PAN No.: |
ABKPH7648Q |
|
DIN No.: |
03233312 |
|
|
|
|
Name : |
Mr. Krishnan Seshan Iyer |
|
Designation : |
Whole-time Director |
|
Address : |
Flat No.601, Building No.1, Phase -VIII, Siddhachal Complex,Pokhran Road. No.2, Thane (West) – 400610, Maharashtra, India |
|
Date of Birth/Age : |
06.01.1962 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
26.05.2015 |
|
PAN No.: |
AADPI3703M |
|
DIN No.: |
06565654 |
|
|
|
|
Name : |
Mr. Vivek Suresh Kanade |
|
Designation : |
Whole-time Director |
|
Address : |
B3-0304, Elita Promenade J P Nagar, 7th Phase, Opposite RBI Layout Bangalore – 560078, Karnataka, India |
|
Date of Birth/Age : |
06.07.1972 |
|
Qualification : |
Diploma in Electronics |
|
Date of Appointment : |
01.07.2016 |
|
PAN No.: |
AFKPK7516C |
|
DIN No.: |
07540868 |
KEY EXECUTIVES
|
Name : |
Mr. Dhiroj K Debaraj Barad |
|
Designation : |
Company Secretary |
|
Address : |
A-2404, Runwal Pride, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Appointment : |
01.07.2016 |
|
PAN No.: |
AJKPB0401B |
|
|
|
|
Name : |
Mr. Sanjeev Kumar |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Siemens
Diagnostics Holding II B.V |
17740660 |
100.00 |
|
Petnet
Radiopharmaceutical Solutions Private Limited |
458 |
0.00 |
|
|
|
|
|
Total |
17741118 |
100.00 |
AS ON 12.12.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Selling of Equipment and Services and Maintenance of Medical Imaging Equipments or Diagnostic Instruments or Systems or Solutions including their Spare Parts, Reagents or Consumables and also Providing Research and Development including Development of Software and Software Solutions and Providing Maintenance Services. [Registered Activity and also Confirmed by Management] |
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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 : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
|
||||
|
Products : |
· CT Scan · MRI · Angiography Machine · Molecular Imaging · High end X-Ray · Ultrasound |
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|
Countries : |
· Germany · China · USA |
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|
Trade Reference : |
Siemens GmbH |
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||||
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Terms : |
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||||
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Selling : |
L/C |
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Purchasing : |
L/C |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
2700 (Approximately) |
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Bankers : |
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Facilities : |
---- |
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Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
5th Floor, Block B2, Nirlon Knowledge Park, Off Western Express Highway, Goregaon (East), Mumbai -400063, Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61923000 |
|
PAN No.: |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate holding
company : |
Siemens AG |
|
|
|
|
Holding company : |
· Siemens Pte Limited [upto May 02, 2016] · Siemens Diagnostics Holding II BV [w.e.f. May 03, 2016] |
|
|
|
|
Fellow Subsidiaries
: |
· Siemens Healthcare Pty. Limited, Australia · Siemens Limited, Australia · Siemens Healthcare Diagnostics GmbH, Austria · Siemens Bangladesh Limited, Bangladesh · Siemens Healthcare Limited, Bangladesh · Siemens Healthcare SA/NV, Belgium · Siemens Healthcare Diagnostics Manufacturing Limited, Cayman Islands · Beijing Siemens Cerberus Electronics Limited, China · Siemens Healthcare Diagnostics (Shanghai) Co. Limited, China · Siemens Shanghai Medical Equipment Limited, China · Siemens Shenzhen Magnetic Resonance Limited, China · Siemens X-Ray Vacuum Technology Limited, Wuxi, China · Siemens s.r.o., Crech Republic · Siemens Healthcare Diagnostics GmbH, Germany · Siemens Healthcare GmbH, Germany · Siemens Healthcare Limited, Hong Kong · PETNET Radiopharmaceutical Solutions Private Limited, India · Siemens Limited, India · Siemens Technology and Services Private Limited, India · Siemens Healthcare Sdn. Bhd., Malaysia · Siemens Pte Limited, Singapore [w.e.f.03.05.2016] · Siemens Healthcare Pte. Limited, Singapore · Siemens Healthcare S.L.U. dARE, Getafe, SPA, Spain · Siemens Healthcare Diagnostics GmbH, Switzerland · Siemens Schweiz AG, Switzerland · Siemens Limited, Taiwan · Siemens Healthcare Limited, Thailand · Siemens Healthcare FZ LLC, UAE · Siemens Healthcare LLC, UAE · Siemens HC Limited MR Magnet Technology, United Kingdom · Siemens Healthcare Diagnostics Manufacturing Limited, United Kingdom · Siemens PLC, United Kingdom · PETNET Solutions, Inc. USA · Siemens Corporation, USA · Siemens, Healthcare Diagnostics Inc., USA · Siemens Medical Solutions USA, Inc., USA · SMS Inc. – Customer Solutions Group, USA |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
INR 10/- each |
INR 180.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17741118 |
Equity Shares |
INR 10/- each |
INR 177.410
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
177.410 |
29.060 |
|
(b) Reserves & Surplus |
|
18944.330 |
100.750 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
19121.740 |
129.810 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
7625.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
1124.970 |
0.810 |
|
(d)
long-term provisions |
|
571.270 |
293.740 |
|
Total
Non-current Liabilities (3) |
|
9321.240 |
294.550 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
4523.380 |
163.430 |
|
(c)
Other current liabilities |
|
3399.290 |
147.460 |
|
(d)
Short-term provisions |
|
260.470 |
75.250 |
|
Total
Current Liabilities (4) |
|
8183.140 |
386.140 |
|
|
|
|
|
|
TOTAL |
|
36626.120 |
810.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1454.000 |
142.000 |
|
(ii)
Intangible Assets |
|
25801.590 |
0.000 |
|
(iii)
Capital work-in-progress |
|
21.740 |
0.460 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
267.750 |
16.290 |
|
(e)
Other Non-current assets |
|
172.990 |
0.000 |
|
Total
Non-Current Assets |
|
27718.070 |
158.750 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2192.090 |
0.000 |
|
(c)
Trade receivables |
|
3137.220 |
55.850 |
|
(d)
Cash and cash equivalents |
|
2674.300 |
476.000 |
|
(e)
Short-term loans and advances |
|
424.700 |
54.240 |
|
(f)
Other current assets |
|
479.740 |
65.660 |
|
Total
Current Assets |
|
8908.050 |
651.750 |
|
|
|
|
|
|
TOTAL |
|
36626.120 |
810.500 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
19628.440 |
1544.860 |
|
|
|
Other Income |
|
122.550 |
50.890 |
|
|
|
TOTAL (A) |
|
19750.990 |
1595.750 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Materials and Spare parts consumed |
|
3511.760 |
0.000 |
|
|
|
Purchases of Traded Goods |
|
8180.020 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
90.180 |
0.000 |
|
|
|
Employees benefits expense |
|
3836.500 |
990.540 |
|
|
|
Other expenses |
|
2565.220 |
378.800 |
|
|
|
Exceptional Items |
|
86.000 |
0.000 |
|
|
|
TOTAL (B) |
|
18269.680 |
1369.340 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
1481.310 |
226.410 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
464.320 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
1016.990 |
226.410 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
5020.060 |
44.930 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
(4003.070) |
181.480 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.000 |
80.830 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
(4003.070) |
100.650 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Revenue from Services |
|
4096.460 |
1544.860 |
|
|
|
FOB value of finished Goods and spares |
|
226.630 |
0.000 |
|
|
|
Commission Income |
|
88.930 |
0.000 |
|
|
TOTAL EARNINGS |
|
4412.020 |
1544.860 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
10167.620 |
0.000 |
|
|
|
Capital Goods |
|
71.050 |
13.790 |
|
|
TOTAL IMPORTS |
|
10238.670 |
13.790 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
|
|
|
|
|
|
Earnings Per
Share before exceptional items |
|
(492.98) |
57.61 |
|
|
|
Earnings Per
Share after exceptional items |
|
(503.81) |
57.61 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
|
NA |
NA |
|
|
|
|
|
|
Net Cash Generated from Operating Activities |
|
2401.200 |
484.640 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
58.34 |
13.20 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
6.26 |
27.66 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
141.21 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.68 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.05 |
1.59 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.43 |
0.48 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.40 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
0.43 |
2.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
1.43 |
1.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
3.19 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
(20.39) |
6.52 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
(10.93) |
12.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
(20.93) |
77.54 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
1.09 |
1.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
0.82 |
1.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.52 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
42.98 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.09 |
1.69 |
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
|
Particulars |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Share Capital |
29.060 |
177.410 |
|
Reserves & Surplus |
100.750 |
18944.330 |
|
Share Application money pending allotment |
0.000 |
0.000 |
|
Net
worth |
129.810 |
19121.740 |
|
|
|
|
|
Long-term borrowings |
0.000 |
7625.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
7625.000 |
|
Debt/Equity ratio |
0.000 |
0.399 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
1544.860 |
19628.440 |
|
|
|
1,170.564 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
1544.860 |
19628.440 |
|
Profit |
100.650 |
(4003.070) |
|
|
6.52% |
(20.39%) |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term Loan Indian rupee term loan from Siemens AG Hongkong – CF TRE carries interest
@ 8.31%. The loan is repayable immediately after the 5th year from
the date of its origination i.e. July 07, 2016 |
7625.000 |
0.000 |
|
|
|
|
|
Total |
7625.000 |
0.000 |
CORPORATE
INFORMATION
Subject is a private limited company registered under the Companies Act,
2013 and was incorporated on May 26, 2015. It is the wholly owned subsidiary of
Siemens Diagnostics Holding H.B.V., Netherlands. The Company is in the business
of research, development including development of software and software
solutions, manufacture, trade, import, export, distribution, marketing and
selling of equipment and services and maintenance of medical imaging equipments
or diagnostic instruments or systems or solutions including their spare parts,
reagents or consumables.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Sales tax liabilities, under dispute |
0.280 |
0.000 |
|
Claims against the Company not acknowledged as debts |
5.940 |
0.000 |
|
|
|
|
|
Total |
6.220 |
0.000 |
FIXED ASSETS:
· Leasehold Improvement
· Plant and Machinery
· Furniture and Fixture
· Office Equipment
· Computers
· Goodwill
· Software
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 65.22 |
|
UK Pound |
1 |
INR 91.33 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.