|
|
|
MIRA INFORM REPORT
|
Report No. : |
507799 |
|
Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MSN PHARMACHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
MSN House, Plot No. C-24, Industrial Estate, Sanath Nagar, Hyderabad -
500018, Telangana |
|
Tel. No.: |
91-40-30438600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.11.2004 |
|
|
|
|
Com. Reg. No.: |
36-044631 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 45.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239TG2004PTC044631 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0904019845 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AAECM0740L1ZH |
|
|
|
|
TIN No: |
36760295146 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDM03240G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM0740L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical
Ingredients.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged [We tried to confirm the number of employees but no one is ready to part any information from the company management] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 11000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of MSN group and it was incorporated in the year 2004. It is a manufacturer of pharmaceutical ingredients. As per financials of March 2017, the company has registered a growth of 29.35% in its revenue as compared to its previous year’s revenue and has reported good profit margin of 16.05% under review. Rating takes into consideration the company’s established track record of business operations marked by healthy financial risk profile along with low solvency indicators and good liquidity position. Rating takes into account the group’s strong position in the bulk drugs segment, extensive experience of its promoters, long established relationship with customer and strong research and development capabilities. Further, the company has reported a good earnings per share of INR 225.14 against its face value of INR 10. However, rating strength is partially offset by exposure to intense competition in the active pharmaceutical (API) segment and risks related to expansion to formulations segment and working capital-intensive operations. Payments seems to be regular. In view of aforesaid, the company can be considered good for business dealings at usual trade terms and conditions. Note: Information
regarding No. of Employee, Import & Export, Payments Terms and Customer’s
& Suppliers are not available from any sources and management also denied
to provide the information on the same. |
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating (A) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
02.02.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating (A1) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
02.02.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 10.05.2018
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
Management non-cooperative (Tel No.: 91-40-30438600)
LOCATIONS
|
Registered Office : |
MSN House, Plot No. C-24, Industrial Estate, Sanath Nagar, Hyderabad -
500018, Telangana, India |
|
Tel. No.: |
91-40-30438600 |
|
Fax No.: |
91-40-30438638 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5 Sq. ft. Acres |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory : |
Plot No. 212/A, B, C, D, APIICL, Phase- II, Pashamylaram, Medak
District-502307, Telangana, India |
|
Tel. No.: |
91-8455-224116 / 305700 |
|
Fax No.: |
91-8455-224115 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Manne Satyanarayana Reddy |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H.No.8-3-167/ D/ 16, Kalyan Nagar, Phase – 1, Near A.G. Colony, R.R.
District-500038, Telangana , |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
18.04.1957 |
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Qualification : |
M.S.C. PHD |
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|
Date of Appointment : |
17.11.2004 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Pan No: |
ADYPM2116L |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01657567 |
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Other Directorship:
|
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|
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|
Name : |
Mrs. Manne Laxmi Prasuna |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H.No.8-3-167/ D/ 16, Kalyan Nagar, Phase – 1, Near A.G. Colony, R.R.
District-500038, Telangana , |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.09.1968 |
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Qualification : |
M.A. |
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|
Date of Appointment : |
17.11.2004 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Pan No: |
AOJPM1556Q |
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|
DIN No.: |
00954334 |
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|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Manjeet Bucha and Associates |
|
Designation : |
Company Secretary |
|
Address : |
Door No. 204, 2nd Floor, Shakti Sai Complex, Beside Uday
Clinic, Chapel Road, Abids, Hyderabad – 500001, Telangana, India |
|
Tel. No: |
91-40-66255001 |
|
Mob. No: |
91-9346955001 |
|
Email: |
Note: As per our
previous database, Mr. G. Shrinath was the Account
Manager of the company, however, could not be confirmed with the management
as well.
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Manne Satyanarayana Reddy |
2547309 |
|
Manne Laxmi Prasuna |
351556 |
|
Manne Venkata Pratap Reddy |
110000 |
|
Manne Venkat Ram Reddy |
110000 |
|
Manne Srinivada Reddy |
110000 |
|
Chintapally Bharat Reddy |
604000 |
|
N V Ravi Kapur |
44000 |
|
Thirumalal Rajan |
44000 |
|
Muppa Kishore |
44000 |
|
Sajja Eswaraiah |
44000 |
|
Chintapally Janardhan Reddy |
246835 |
|
Manne Jeevan Reddy |
106800 |
|
Manne Sindhuja Reddy |
137500 |
|
Total |
4500000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
67.47 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
32.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer of Pharmaceutical
Ingredients.
(Registered Activity) |
||||
|
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|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
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|
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No. of Employees : |
Not Divulged [We tried to confirm the number of employees but no one is ready to part any information from the company management] |
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|
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Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
B.R.M. Reddy and Company Chartered Accountants |
|
Address : |
6-3-1186/A/ 6, II Floor, Behind Bluemoon Hotel, Begumpet,
Hyderabad-500016, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB7698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their
relatives : |
|
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000
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 |
45.000 |
45.000 |
45.000 |
|
(b) Reserves and Surplus |
3803.822 |
2790.705 |
2242.070 |
|
(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) |
3848.822 |
2835.705 |
2287.070 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.414 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
80.022 |
65.081 |
56.380 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
81.436 |
65.081 |
56.380 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
325.624 |
500.749 |
487.256 |
|
(b) Trade
payables |
667.820 |
507.239 |
707.265 |
|
(c) Other
current liabilities |
201.818 |
157.234 |
87.816 |
|
(d) Short-term
provisions |
0.000 |
151.497 |
0.050 |
|
Total Current
Liabilities (4) |
1195.262 |
1316.719 |
1282.387 |
|
|
|
|
|
|
TOTAL |
5125.520 |
4217.505 |
3625.837 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
782.597 |
607.783 |
537.611 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
305.223 |
95.933 |
52.435 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
56.811 |
54.726 |
48.137 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1144.631 |
758.442 |
638.183 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
723.528 |
759.825 |
766.425 |
|
(c) Trade
receivables |
2715.593 |
2433.363 |
1270.329 |
|
(d) Cash and
bank balances |
319.709 |
44.663 |
698.823 |
|
(e)
Short-term loans and advances |
222.059 |
221.212 |
252.077 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3980.889 |
3459.063 |
2987.654 |
|
|
|
|
|
|
TOTAL |
5125.520 |
4217.505 |
3625.837 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
6312.844 |
4880.344 |
3443.425 |
|
|
Other Income |
30.954 |
51.009 |
44.410 |
|
|
TOTAL |
6343.798 |
4931.353 |
3487.835 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3600.440 |
2718.000 |
1762.098 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
55.757 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.413) |
173.953 |
(46.355) |
|
|
Employee benefit expense |
754.973 |
513.776 |
164.898 |
|
|
CSR expenditure |
3.500 |
0.000 |
0.000 |
|
|
Other expenses |
295.228 |
282.805 |
489.014 |
|
|
TOTAL |
4648.728 |
3688.534 |
2425.412 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1695.070 |
1242.819 |
1062.423 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.356 |
33.403 |
55.683 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1668.714 |
1209.416 |
1006.740 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
51.489 |
44.332 |
41.580 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1617.225 |
1165.084 |
965.160 |
|
|
|
|
|
|
|
Less |
TAX |
604.108 |
562.288 |
334.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1013.117 |
602.796 |
630.760 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
2522.978 |
2034.622 |
1494.045 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
60.280 |
63.076 |
|
|
Dividend |
0.000 |
45.000 |
22.500 |
|
|
Tax on Dividend |
0.000 |
9.161 |
4.607 |
|
|
Balance
Carried to the B/S |
3536.094 |
2522.977 |
2034.622 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3485.426 |
2585.812 |
2501.117 |
|
|
Other
Earning |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
3485.426 |
2585.812 |
2501.117 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1028.891 |
797.139 |
0.000 |
|
|
Components and spare
parts |
0.475 |
0.000 |
0.000 |
|
|
Capital Goods |
14.639 |
17.935 |
0.000 |
|
|
TOTAL IMPORTS |
1044.005 |
815.074 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
225.14 |
133.96 |
140.17 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.219 |
0.000 |
1.664 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1493.147 |
132.007 |
581.165 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
903.979 |
(421.580) |
256.029 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
157.01 |
181.99 |
134.65 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
2.32 |
2.01 |
2.71 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
67.70 |
68.12 |
142.01 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
2.34 |
1.64 |
1.39 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
1.56 |
1.77 |
1.80 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.23 |
0.31 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.09 |
0.18 |
0.21 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.31 |
0.46 |
0.56 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.28 |
0.25 |
0.26 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
64.31 |
37.21 |
19.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
16.05 |
12.35 |
18.32 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
19.77 |
14.29 |
17.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
26.32 |
21.26 |
27.58 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
3.33 |
2.63 |
2.33 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
2.73 |
2.05 |
1.73 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.75 |
0.67 |
0.63 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
7.29 |
11.13 |
10.86 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
3.33 |
2.63 |
2.33 |
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 |
45.000 |
45.000 |
45.000 |
|
Reserves & Surplus |
2242.070 |
2790.705 |
3803.822 |
|
Net
worth |
2287.070 |
2835.705 |
3848.822 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
1.414 |
|
Short term borrowings |
487.256 |
500.749 |
325.624 |
|
Current maturities of
long-term debts |
1.664 |
0.000 |
1.219 |
|
Total
borrowings |
488.920 |
500.749 |
328.257 |
|
Debt/Equity
ratio |
0.214 |
0.177 |
0.085 |
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 |
3443.425 |
4880.344 |
6312.844 |
|
|
|
41.729 |
29.352 |
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 |
3443.425 |
4880.344 |
6312.844 |
|
Profit/ (Loss) |
630.760 |
602.796 |
1013.117 |
|
|
18.32
% |
12.35
% |
16.05
% |
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 |
Yes |
|
26 |
Turnover of firm for last two/ 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 |
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 |
COMPANY AFFAIRS
For the financial year ended March 31, 2017, gross sales was INR 6312.844 million as compared to INR 4880.344 million in the corresponding period of the previous year. The EBITDA for the financial year 2016-17 stood at 1695.070 million compared to EBITDA 1242.819 million during the corresponding period of previous year. The Net profit was INR 1013.117 million for FY 2016-17 as compared to INR 602.796 million in the corresponding period of the previous year.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G15631898 |
100054937 |
Axis Bank Limited |
21/09/2016 |
- |
- |
2317500.0 |
5-2-183/184,ASC Centre, III FloorR.P ROADHYDERABADTG500003IN |
|
2 |
B36582526 |
10346314 |
CITI BANK N.A. |
17/02/2012 |
- |
- |
100000000.0 |
1st Floor, Queens Plaza,Sardar Patel Road,HyderabadAP500003IN |
|
3 |
B63991277 |
10211274 |
Citibank N.A |
29/03/2010 |
17/11/2012 |
- |
275000000.0 |
1st Floor, Queens Plaza,Sardar Patel RoadHyderabadAP500003IN |
|
4 |
B63754709 |
90130622 |
Axis Bank Limited |
24/01/2005 |
17/11/2012 |
- |
355000000.0 |
Corporate Banking BranchPullareddy Buildings, Greenlands, BegumpetHyderabadAP500016IN |
|
5 |
B74789173 |
90262971 |
STATE BANK OF HYDERABAD |
12/12/2005 |
- |
04/05/2013 |
29600000.0 |
SHAPURNAGAR BRANCHHYDERABADAPIN |
FIXED ASSETS
- Land
- Buildings
- Furniture and Fixtures
- Plant and Machinery
- Electrical Installation
- 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,
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 67.38 |
|
|
1 |
INR 91.07 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
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.