|
|
|
MIRA INFORM REPORT
|
Report No. : |
499705 |
|
Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HY-GRO CHEMICALS PHARMTEK PRIVATE LIMITED (w.e.f. 02.08.2004) |
|
|
|
|
Formerly Known
As : |
HY-GRO CHEMICALS PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Plot No 174, Progressive Kindustrial Society, Miyapur Bollara
Narasdapur District Medak– 502325, Telangana |
|
Tel. No.: |
91-8458-279642/279575 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
31.05.1957 |
|
|
|
|
Com. Reg. No.: |
36-028631 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 120.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110TG1957PTC028631 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH6012J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture
of Drug Intermediates. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 3400000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
was incorporated in the year 1957 and it is a manufacturer of Advanced
Intermediates, Active Pharmaceutical Ingredients (APIs) and Finished Dosages.
As per
the financials of March 2017, the company has registered decline in its
revenue as compared to previous year revenue and has reported good profit
margin of 20.44%. Rating
takes into consideration the company’s established track record of business
operations marked by sound financial risk profile along with strong debt
coverage indicators and good liquidity position. Further,
the company has reported good earnings per share of INR 18.53 against its
face value of INR 10. Payments
terms 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.
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 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 27.03.2018
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.
LOCATIONS
|
Registered Office : |
Plot No 174, Progressive Kindustrial Society, Miyapur Bollara
Narasdapur District Medak – 502325, Telangana, India |
|
Tel. No.: |
91-8458-279642/279575 |
|
Fax No.: |
91-8458-279552 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No.203 and 204, 2nd Floor, Ashoka Bhoopal Chambers, Sardar Patel Road, Secunderabad – 500003, Telangana, India |
|
Tel. No.: |
91-40-67515555 |
|
Fax No.: |
91-40-27848394 |
|
|
|
|
Factory 1 : |
Plot No. 174, Progressive Industrial Society, Bollaram, Narsapur TQ., Medak District – 502325, Telangana, India |
|
|
|
|
Factory 2 : |
Plot No. 169, Progressive Industrial Society, Bollaram, Narsapur TQ., Medak District – 502325, Telangana, India |
|
|
|
|
Factory 3 : |
Plot No. 51/A, Road No.1, J.N. Pharma City, Parawada, Visakhapatnam – 530019, Andhra Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vivek Bishnoi |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
Plot No.597, Road No.32, Jubilee Hills Shaikpet, Jubilee Hills
Hyderabad – 500033, Telangana, India |
||||||||
|
Date of Birth/Age : |
31.01.1979 |
||||||||
|
Qualification : |
Post Graduate |
||||||||
|
Date of Appointment : |
08.12.2015 |
||||||||
|
PAN No.: |
ACXPB3822C |
||||||||
|
DIN No.: |
03572137 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Anuradha Bishnoi |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Plot No.597, Road No.32, Jubilee Hills Shaikpet, Jubilee Hills Hyderabad
– 500033, Telangana, India |
||||||||
|
Date of Birth/Age : |
18.12.1951 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
21.05.1973 |
||||||||
|
PAN No.: |
ACXPB3642C |
||||||||
|
DIN No.: |
00827317 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mrs. Deevi Sarangapani Iyengar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
H.No.4-1-108, Bhavani Nagar, Street No.3, Nacharam, Hyderabad –
500076, Telangana, India |
||||||||
|
Date of Birth/Age : |
04.06.1941 |
||||||||
|
Date of Appointment : |
18.11.2004 |
||||||||
|
DIN No.: |
00672094 |
||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sri Vivek Bishnoi |
|
1320000 |
|
Malvika Bishnoi |
|
1200000 |
|
Sangeeta Bishnoi |
|
1200000 |
|
Radhika Bishnoi |
|
1200000 |
|
Anuradha Bishnoi |
|
7080000 |
|
|
|
|
|
Total |
|
12000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 02.08.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture
of Drug Intermediates. [Registered Activity] |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Available |
||||||
|
|
|
||||||
|
Imports : |
Not Available |
||||||
|
|
|
||||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Mahesh Virender and Sriram Chartered Accountants |
|
Address : |
6-3-788/36 and 37-A, Ameerpet, Hyderabad – 500016, Telangana, India |
|
PAN No.: |
AACFM8813F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 02.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
120.000 |
120.000 |
120.000 |
|
(b) Reserves & Surplus |
1070.502 |
862.564 |
622.163 |
|
(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) |
1190.502 |
982.564 |
742.163 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
19.536 |
47.294 |
33.416 |
|
(b) Deferred tax liabilities (Net) |
52.578 |
38.866 |
31.194 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
7.421 |
|
Total Non-current
Liabilities (3) |
72.114 |
86.160 |
72.031 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
64.267 |
62.162 |
|
(b) Trade
payables |
135.733 |
130.674 |
79.968 |
|
(c) Other
current liabilities |
70.959 |
84.450 |
60.588 |
|
(d) Short-term
provisions |
99.675 |
17.458 |
14.424 |
|
Total Current
Liabilities (4) |
306.367 |
296.849 |
217.142 |
|
|
|
|
|
|
TOTAL |
1568.983 |
1365.573 |
1031.336 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
643.029 |
514.862 |
323.846 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
40.673 |
30.917 |
20.102 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.168 |
0.168 |
0.168 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
9.329 |
8.692 |
6.738 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
693.199 |
554.639 |
350.854 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
143.534 |
205.705 |
133.781 |
|
(c) Trade
receivables |
234.068 |
363.265 |
329.666 |
|
(d) Cash
and cash equivalents |
277.862 |
128.822 |
114.885 |
|
(e)
Short-term loans and advances |
217.741 |
110.078 |
100.776 |
|
(f) Other
current assets |
2.579 |
3.064 |
1.374 |
|
Total
Current Assets |
875.784 |
810.934 |
680.482 |
|
|
|
|
|
|
TOTAL |
1568.983 |
1365.573 |
1031.336 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1088.205 |
1145.290 |
935.801 |
|
|
Other Income |
24.595 |
36.352 |
31.847 |
|
|
TOTAL |
1112.800 |
1181.642 |
967.648 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
305.040 |
440.183 |
296.295 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
46.327 |
(59.123) |
35.610 |
|
|
Employee benefit expense |
165.185 |
143.145 |
116.872 |
|
|
CSR expenditure |
3.740 |
5.478 |
4.279 |
|
|
Other expenses |
218.676 |
223.224 |
182.325 |
|
|
TOTAL |
738.968 |
752.907 |
635.381 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
373.832 |
428.735 |
332.267 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
18.502 |
24.354 |
22.703 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
355.330 |
404.381 |
309.564 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
34.005 |
24.684 |
23.613 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
321.325 |
379.697 |
285.951 |
|
|
|
|
|
|
|
Less |
TAX |
98.944 |
110.411 |
89.530 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
222.381 |
269.286 |
196.421 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1008.205 |
1102.983 |
917.760 |
|
|
TOTAL EARNINGS |
1008.205 |
1102.983 |
917.760 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
80.682 |
97.842 |
120.545 |
|
|
TOTAL IMPORTS |
80.682 |
97.842 |
120.545 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
18.53 |
22.44 |
16.37 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
23.328 |
45.828 |
26.388 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
534.165 |
340.281 |
184.940 |
|
Net cash flows from (used in) operating activities |
433.312 |
231.978 |
84.448 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
78.51 |
115.77 |
128.58 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.65 |
3.15 |
2.84 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
162.41 |
108.35 |
98.51 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.60 |
2.08 |
2.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.55 |
0.79 |
0.97 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.22 |
0.29 |
0.27 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.04 |
0.16 |
0.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.26 |
0.30 |
0.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.57 |
0.56 |
0.46 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
20.20 |
17.60 |
14.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
20.44 |
23.51 |
20.99 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
14.17 |
19.72 |
19.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.68 |
27.41 |
26.47 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.86 |
2.73 |
3.13 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.39 |
2.04 |
2.52 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.76 |
0.72 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.36 |
1.31 |
1.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.86 |
2.73 |
3.13 |
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 |
120.000 |
120.000 |
120.000 |
|
Reserves & Surplus |
622.163 |
862.564 |
1070.502 |
|
Net
worth |
742.163 |
982.564 |
1190.502 |
|
|
|
|
|
|
Long-term borrowings |
33.416 |
47.294 |
19.536 |
|
Short term borrowings |
62.162 |
64.267 |
0.000 |
|
Current maturities of
long-term debts |
26.388 |
45.828 |
23.328 |
|
Total
borrowings |
121.966 |
157.389 |
42.864 |
|
Debt/Equity
ratio |
0.164 |
0.160 |
0.036 |
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 |
935.801 |
1145.290 |
1088.205 |
|
|
|
22.386 |
(4.984) |
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 |
935.801 |
1145.290 |
1088.205 |
|
Profit/ (Loss) |
196.421 |
269.286 |
222.381 |
|
|
20.99
% |
23.51
% |
20.44
% |
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 |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BUSINESS OVERVIEW:
The Company added new products in the year 2016-17 which are developed in the In-house R&D. The Company improved the manufacturing facilities as required by the GMP in the Unit-I at IDA Bollaram, Sangareddy District.
The Company shifted manufacturing facility of BTA to Unit-III at Jawaharlal Nehru Pharma City. During this year, the company stopped manufacturing facilities at Unit-I, Bollaram, Sangareddy District for a period of three months to upgrade the facilities. Hence, during the year, the Company’s turnover decreased by 4.98% over the previous year.
PROFITABILITY:
During the year ended on March 31, 2017, the Company has achieved an EBITDA of INR 373.832 million (34% of operating revenues) as against INR 428.735 million (37% of the Operating revenues) during the year ended on March 31, 2016.
The net profit of the Company before Tax for the year ended on March 31, 2017 stood at INR 321.325 million as against INR 379.697 million during the year ended on March 31, 2016.
EPS for the year ending on March 31, 2017 stood at INR 18.53 as compared to INR 22.44 for the year ended on March 31, 2016.
FUTURE PROSPECTS:
The Company has expanded the production facility at Unit-III, JNPC, Visakhapatnam and it was completed in June, 2017.
The company is planning to construct new production Blocks at Unit-III, JNPC, Visakhapatnam in the year 2017-18 to increase production capacity of the new products.
The Company has encouraging progress in their pipeline of high value products, and forward plans for launching new products and combinations as well as grow the existing market. API capacities are being augmented to support growth in advanced markets.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C54125075 |
90125920 |
INDIAN OVERSEAS BANK |
24/05/1996 |
30/04/2015 |
- |
338025000.0 |
MAREDPALLY BRANCHSECUNDERABADTG500003IN |
|
2 |
B94323383 |
10301054 |
INDIAN OVERSEAS BANK |
14/10/2010 |
- |
16/01/2014 |
26800000.0 |
MAREDPALLY BRANCHSECUNDERABADAP500003IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.13 |
|
|
1 |
INR 91.96 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
NO |
|
--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.