|
|
|
MIRA INFORM REPORT
|
Report No. : |
499203 |
|
Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PHARMALAB INDIA PRIVATE LIMITED [w.e.f. 10.10.2007] |
|
|
|
|
Formerly Known
As : |
PHARMALAB
PROCESS EQUIPMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, “Kasturi” Sanghvi Estate, Govandi Station Road,
Govandi (East), Mumbai – 400088, Maharashtra |
|
Tel. No.: |
91-22-66229900 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.01.2006 |
|
|
|
|
Com. Reg. No.: |
11-163141 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 13.301 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29297MH2006PTC163141 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0893001759 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCP7967P1ZF |
|
|
|
|
TIN No: |
27450632286 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP7967P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
250 (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 : |
Usually correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006. The company is a
manufacturer of pharmaceutical allied equipment, filter press, packaging
machines etc. As per the financials records of 2017, the company has achieved a
favourable growth of 17.91% in its revenue as compared to the previous year’s
revenue and has earned net profit margin of 5.89%. The company possesses healthy financial position marked by above
average networth base along with low debt balance sheet profile and comfortable
liquidity parameters. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 23.03.2017
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. Prasad Panicker |
|
Designation : |
Vice President Finance |
|
Contact No.: |
91-22-66229933 |
|
Date : |
22.03.2018 |
LOCATIONS
|
Registered Office : |
3rd Floor, “Kasturi” Sanghvi Estate, Govandi Station Road,
Govandi (East), Mumbai – 400088, Maharashtra, India |
|
Tel. No.: |
91-22-66229900 |
|
Mobile No.: |
91-8045137072 (Mr. Kalpesh Desai) |
|
Fax No.: |
91-22-66229800 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory 1: |
Plot No. 6A and 7, Santej Vadsar Road, Village Santej, Taluka kalol,
Gandhinagar – 382721, Gujarat, India |
|
|
|
|
Factory 2: |
Siddhi Vinayak Estate, Santej-Vadser Road, Village Santej, Taluka
kalol, Gandhinagar – 382721, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Nitin Purshottam Shah |
|
Designation : |
Director |
|
Address : |
D49, Aryaman Bungalow, Thaltej Shilaj Road, Near Shilaj Railway
Crossing Shilaj, Ahmedabad – 380059, Gujarat, India |
|
Date of Birth/Age : |
31.01.1951 |
|
Date of Appointment : |
25.01.2006 |
|
DIN No.: |
00122254 |
|
|
|
|
Name : |
Mr. Rashmikant Purshottam Shah |
|
Designation : |
Director |
|
Address : |
Nishant-II House No.13, Near Hashbhai Park, Ambawadi, Ahmedabad –
380015, Gujarat, India |
|
Date of Birth/Age : |
05.08.1952 |
|
Date of Appointment : |
25.01.2006 |
|
DIN No.: |
00363817 |
|
|
|
|
Name : |
Mr. Umesh Pushottam Shah |
|
Designation : |
Director |
|
Address : |
1001, Prashanti North West CHS, NW Avenue Road, Santacruz (West),
Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
13.11.1954 |
|
Date of Appointment : |
22.10.2007 |
|
DIN No.: |
00257106 |
|
|
|
|
Name : |
Mr. Karnik Kantilal Parikh |
|
Designation : |
Director |
|
Address : |
25, Jayant Mahal, ‘D’ Road, Churchgate, Mumbai – 400020, Maharashtra,
India |
|
Date of Birth/Age : |
05.12.1960 |
|
Date of Appointment : |
10.06.2008 |
|
DIN No.: |
00486410 |
KEY EXECUTIVES
|
Name : |
Nilesh A. Pradhan and Company |
|
Designation : |
Practicing Company Secretary |
|
Address : |
B-201, Pratik Industrial Estate, Near Fortis Hospital, Mulund-Goregaon
Link Road, Mumbai – 400078, Maharashtra, India |
|
Tel. No: |
91-22-49248475/ 40152204 |
|
Mob. No: |
91-9833785809 |
|
Email: |
|
|
|
|
|
Name : |
Mr. Prasad Panicker |
|
Designation : |
Vice President Finance |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Karnik Kantilal Parikh |
|
141202 |
|
Nita Parikh |
|
96396 |
|
Jayshree Shah |
|
100730 |
|
Jay Kirit Shah |
|
65835 |
|
Nitin Purshottam Shah |
|
113678 |
|
Bhavna Nitin Shah |
|
104367 |
|
Umesh Purshottam Shah |
|
68692 |
|
Kanan Umesh Shah |
|
80115 |
|
Rashmikant Purshottam Shahnishant |
|
128488 |
|
Varsha Rashmikant Shah |
|
100000 |
|
Pharmalab Packaging Systems Private Limited, India |
|
90015 |
|
Pranjal N Shah |
|
17800 |
|
Vishal Umesh Shah |
|
40000 |
|
Kunal Umesh Shah |
|
40000 |
|
Minal Rashmikant Shah |
|
15796 |
|
Pharmalab Overseas Marketing Agency, India |
|
35 |
|
Kantilal R. Parikh (HUF) |
|
400 |
|
Kirit Narharilal Shah (HUF) |
|
65833 |
|
Kirit Narharilal Shah |
|
15600 |
|
Komal N. Shah |
|
635 |
|
Nitin Puroshottam Shah (HUF) |
|
12065 |
|
Umesh Puroshottam Shah (HUF) |
|
22368 |
|
S.B. Sheth |
|
10000 |
|
Total |
|
1330050 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
93.23 |
|
Promoters (Body corporate) |
6.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
|
||||||||||
|
|
|
||||||||||
|
Products / Services
: |
|
||||||||||
|
|
|
||||||||||
|
Brand Names : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Agencies Held : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Exports : |
|
||||||||||
|
Products : |
·
Finished Goods |
||||||||||
|
Countries : |
·
South Africa Countries ·
Turkey ·
Iran ·
Malaysia ·
Nigeria |
||||||||||
|
|
|
||||||||||
|
Imports : |
|
||||||||||
|
Products : |
·
Raw Material |
||||||||||
|
Countries : |
·
Germany ·
France ·
Switzerland |
||||||||||
|
|
|
||||||||||
|
Terms : |
|
||||||||||
|
Selling : |
Advance Payment and Cheque |
||||||||||
|
|
|
||||||||||
|
Purchasing : |
Credit (30 / 60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
End Users
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
C.R. Sharedalal and Company Chartered Accountants |
|
Address : |
702, Parshwanath Esquare, Corporate Road, Prahladnagar, Ahmedabad –
380015, Gujarat, India |
|
Tel. No.: |
91-79-40042326 |
|
Mob. No.: |
91-9824055181 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAAFC6902F |
|
|
|
|
Branch Auditors : |
|
|
Name : |
Girish Bivishi and Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1330050 |
Equity Shares |
INR 10/- each |
INR 13.301 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13.301 |
13.301 |
13.301 |
|
(b) Reserves & Surplus |
214.632 |
166.137 |
128.176 |
|
(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) |
227.933 |
179.438 |
141.477 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
92.162 |
105.183 |
114.697 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.265 |
0.281 |
0.290 |
|
Total Non-current
Liabilities (3) |
92.427 |
105.464 |
114.987 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
87.934 |
81.446 |
85.060 |
|
(b) Trade
payables |
52.479 |
75.437 |
98.178 |
|
(c) Other
current liabilities |
174.335 |
127.908 |
147.812 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
314.748 |
284.791 |
331.050 |
|
|
|
|
|
|
TOTAL |
635.108 |
569.693 |
587.514 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
123.501 |
113.533 |
108.108 |
|
(ii)
Intangible Assets |
0.633 |
0.902 |
1.052 |
|
(iii)
Capital work-in-progress |
0.016 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
5.000 |
5.000 |
|
(c) Deferred tax assets (net) |
6.570 |
6.848 |
6.042 |
|
(d) Long-term Loan and Advances |
24.957 |
19.892 |
15.075 |
|
(e) Other
Non-current assets |
4.400 |
5.500 |
5.500 |
|
Total Non-Current
Assets |
160.077 |
151.675 |
140.777 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
208.118 |
194.936 |
172.831 |
|
(c) Trade
receivables |
146.095 |
114.564 |
216.594 |
|
(d) Cash
and cash equivalents |
77.790 |
66.767 |
8.209 |
|
(e)
Short-term loans and advances |
41.101 |
39.146 |
47.193 |
|
(f) Other
current assets |
1.927 |
2.605 |
1.910 |
|
Total
Current Assets |
475.031 |
418.018 |
446.737 |
|
|
|
|
|
|
TOTAL |
635.108 |
569.693 |
587.514 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
822.839 |
697.866 |
683.806 |
|
|
Other Income |
2.471 |
3.932 |
2.966 |
|
|
TOTAL |
825.310 |
701.798 |
686.772 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
285.451 |
238.039 |
230.895 |
|
|
Purchases of
Stock-in-Trade |
134.718 |
116.253 |
134.334 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(14.322) |
(5.982) |
(36.060) |
|
|
Employees benefits
expense |
126.972 |
106.711 |
89.352 |
|
|
Other expenses |
186.904 |
158.223 |
176.189 |
|
|
TOTAL |
719.723 |
613.244 |
594.710 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
105.587 |
88.554 |
92.062 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
22.405 |
20.765 |
23.992 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
83.182 |
67.789 |
68.070 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.694 |
10.634 |
13.747 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
73.488 |
57.155 |
54.323 |
|
|
|
|
|
|
|
Less |
TAX |
24.993 |
19.194 |
18.789 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
48.495 |
37.961 |
35.534 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
285.810 |
225.609 |
334.468 |
|
|
Others |
4.336 |
1.092 |
2.327 |
|
|
TOTAL EARNINGS |
290.146 |
226.701 |
336.795 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
28.347 |
20.060 |
23.884 |
|
|
Components and Stores
parts |
0.122 |
0.042 |
0.000 |
|
|
Capital Goods |
0.057 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
28.526 |
20.102 |
23.884 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
36.00 |
29.00 |
26.72 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.210 |
1.382 |
0.988 |
|
Cash generated from operations |
77.916 |
125.988 |
52.763 |
|
Net cash flows from (used in) operating activity |
49.417 |
104.758 |
47.413 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
64.81 |
59.92 |
115.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.63 |
6.09 |
3.16 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
45.59 |
77.72 |
98.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.51 |
0.45 |
0.53 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.85 |
0.77 |
0.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.64 |
0.69 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.80 |
1.05 |
1.42 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.38 |
1.59 |
2.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.54 |
0.64 |
0.77 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.71 |
4.26 |
3.84 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.89 |
5.44 |
5.20 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.64 |
6.66 |
6.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
21.28 |
21.16 |
25.12 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.51 |
1.47 |
1.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.85 |
0.78 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.36 |
0.31 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
13.63 |
14.14 |
15.09 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.51 |
1.47 |
1.35 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
13.301 |
13.301 |
13.301 |
|
Reserves & Surplus |
128.176 |
166.137 |
214.632 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
141.477 |
179.438 |
227.933 |
|
|
|
|
|
|
long-term borrowings |
114.697 |
105.183 |
92.162 |
|
Short term borrowings |
85.060 |
81.446 |
87.934 |
|
Current maturities of
long-term debts |
0.988 |
1.382 |
1.210 |
|
Total
borrowings |
200.745 |
188.011 |
181.306 |
|
Debt/Equity
ratio |
1.419 |
1.048 |
0.795 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
683.806 |
697.866 |
822.839 |
|
|
|
2.056 |
17.908 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
683.806 |
697.866 |
822.839 |
|
Profit /(Loss) |
35.534 |
37.961 |
48.495 |
|
|
5.20% |
5.44% |
5.89% |
LEGALS
FILE
|
Case
Details |
|
Bench:-Bombay |
|
Presentation Date:- |
14/03/2017 |
||||||||
|
Lodging No.:- |
ITXAL/737/2017 |
Filing Date:- |
14/03/2017 |
Reg. No.:- |
ITXA/615/2017 |
Reg. Date:- |
12/04/2017 |
||
|
Petitioner:- |
PRINCIPAL COMMISSIONER OF INCOME TAX - 15- |
Respondent:- |
PHARMALAB ENGINEERING INDIA PRIVATE LIMITED |
|
Petn.Adv.:- |
Akhileshwar sharma (827) |
|
District:- |
MUMBAI |
|
Bench:- |
DIVISION |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
Next Date:- |
23/03/2018 |
Stage:- |
|
Coram:- |
ACCORDING TO SITTING LIST |
|
ACCORDING TO SITTING LIST |
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter involved
in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted
from Star Metal Compund, L.B.S. Marg, Vikhroli (West), Mumbai – 400083,
Maharashtra, India to the present address
w.e.f. 22.10.2007.
CORPORATE
INFORMATION:
The Company is an engineering company mainly engaged in designing,
manufacturing, installing and commissioning a wide range of stainless steel
process and packaging equipment required by a variety of industries including
pharmaceuticals, Bio-tech, chemicals, Beverages, Breweries, and Paints
etc.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
90.795 |
103.313 |
|
Total |
90.795 |
103.313 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G76280353 |
100153066 |
RBL BANK LIMITED |
08/02/2018 |
- |
- |
220000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
|
2 |
A63187884 |
10160041 |
STATE BANK OF INDIA |
10/04/2009 |
- |
- |
156200000.0 |
VATVA IND. ESTATE BRANCH, G.I.D.C. ESTATEVATVAAHMEDABADGJ382445IN |
|
3 |
A63187694 |
10026921 |
STATE BANK OF INDIA |
17/10/2006 |
10/04/2009 |
- |
156200000.0 |
VATVA IND. ESTATE BRANCH, G.I.D.C. ESTATEVATVAAHMEDABADGJ382445IN |
|
4 |
A63187470 |
10007743 |
STATE BANK OF INDIA |
19/06/2006 |
10/04/2009 |
- |
156200000.0 |
VATVA IND. ESTATE BRANCH, G.I.D.C. ESTATEVATVAAHMEDABADGJ382445IN |
|
5 |
Z00003119 |
80001496 |
DENA BANK |
28/09/1995 |
- |
- |
286000.0 |
BOMBAY MAIN OFFICE17 HORNIMAN CIRCLE , FORTMUMBAIMH400023IN |
|
6 |
G52195435 |
10290161 |
CANARA BANK |
26/05/2011 |
- |
10/08/2017 |
375000.0 |
VIKHROLI (WEST) BRANCH,HAZARI BAGH, VIKHROLIMUMBAIMH400083IN |
|
7 |
B44132892 |
10028587 |
CANARA BANK |
14/11/2006 |
- |
11/07/2012 |
2800000.0 |
VIKHROLI BRANCH,MUMBAIMH400083IN |
|
8 |
A64215205 |
80018786 |
STATE BANK OF INDIA |
01/06/1993 |
21/06/2007 |
05/06/2009 |
34000000.0 |
SPECIALISED COMMERCIAL BRANCH,GANDHIGRAM,AHMEDABADGJ380009IN |
|
9 |
A00452540 |
80001512 |
DENA BANK |
30/01/1991 |
- |
26/04/2006 |
0.0 |
MAIN BRANCH17, HORNIMAN CIRCLE , FORTMUMBAIMH400023IN |
|
10 |
A00451112 |
80001499 |
DENA BANK |
14/05/1992 |
- |
26/04/2006 |
0.0 |
BMO ADVANCE DEPT17 HORNIMAN DEPTMUMBAIMH400023IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture
·
Electric Installation
·
Office Equipment
·
Computers
·
Moulds and Dies
·
Vehicles
·
Air Conditioner
·
Laboratories Equipment
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 65.06 |
|
|
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.