Attachment 1
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Report
Update On |
16th March, 2001 |
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Report on |
CUSTOM CAPSULES PRIVATE LIMITED |
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Registered Office |
2, Lotus Court, Jamshedji Tata Road, Mumbai – 400 020, INDIA |
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Tel. No. |
91-22-2831441 / 2831480 / 2832322 |
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Fax No. |
91-22-2873288 |
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E-Mail |
-- |
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Telex |
11-82189 PAM IN |
Attachment 2
SUMMARY
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Incorporated |
1988 |
Status |
Satisfactory |
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Registration No. |
48924 |
Chief Executive |
Mr. Jasjit Singh |
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Capital (Rs.) |
5.000 millions |
Payments |
Regular |
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Sales (Rs.) |
36.341 millions |
Litigation |
-- |
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Net Worth (Rs.) |
33.563 millions |
Banking Reputation |
Satisfactory |
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No. of Employees |
27 |
Auditors |
S. J. Thadani & Associates |
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Credit Rating |
Ba (See attachment 3) |
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INDUSTRY
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CORPORATE OFFICE
131, Kandivli Industrial Estate, Kandivli (West), Mumbai – 400 067, INDIA
Tel. No. 91-22-8682010 (9 lines)
Fax No. 91-22-8686152
Telex 11-70123 CAPS IN
HEAD OFFICE / FACTORY
B-8 / 1, MIDC Industrial Estate, Camlin Naka, Boisar, Tarapore, Thane – 401 506, Maharashtra, INDIA
Tel. No. 91-2537-3538
HISTORY
The company was incorporated on 23rd September, 1988 at Mumbai in Maharashtra having Company Registration Number 48924.
LEGAL FORM
It is a Private Limited Liability company.
DIRECTORS
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Mr. Jasjit Singh |
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Mrs. Devi Daljit Singh |
MAJOR SHAREHOLDERS
Mr. Ajit Singh 21,700 shares
Mr. Vikram Tahul 16,590 shares
Mr. Jasjit Singh 3,110 shares
Mrs. Devi Daljit Singh 600 shares
Others 8,000 shares
BUSINESS
The company is engaged in manufacturing and sale of Empty Hard Gellatine Capsules for the Pharmaceutical Industry.
The company sells its products under the brand name “CA”.
The company has an Installed Capacity of 30 million nos. of Capsules per annum. The company produced 864,000 nos. of Two Piece Empty Gelatine and 11,000 Nos. of Pharmaceutical & Allied Machinery during the year 1998-99.
The company purchases its requirements 95% from Local Market and 5% from International Market, and its purchasing terms are Contact (30 days), L/C or Cash.
The company imports its requirements from Germany and Brazil.
The company sells its products 13.62% in the Local Market and 86.38% in the International Market, and its selling terms are Cash or Contract (30 days).
The company exports its products all over the world.
The company’s major customers include Manufactures, Wholesalers and Retailers.
Some of the Major Customers of the company are :
K Ranbaxy Limited, New Delhi, India
K IPCA Laboratories Limited, Mumbai, India
K Lupin Laboratories Limited, Mumbai, India
K Sarabhai Group, Baroda, Gujarat, India
Some of the Major Suppliers of the company are :
K Paam Pharmaceutical & Allied Machinery Private Limited
K Aries Components (Private) Limited, Mumbai, India
The company operates from a caption owned office-cum-factory premises of 8,500 sq. fts. located in the industrial / rural area of the city. Caption other factory is also owned by the company and is of area admeasuring 8,500 sq. fts., situated on a land area of 10,000 sq. fts.
The company employs 27 persons comprising of 7 persons in office and 20 persons in factory.
ASSOCIATES
K Associated Capsules Limited
K Paam Pharmaceuticals & Allied Machinery Private Limited
K Ajas Components (Private) Limited
K Universal Capsules (Private) Limited
K Kandivli Finance Company Limited
K SCI-Tech Centre
K Rajasthan Capsules Private Limited
BANKERS
K State Bank of India
Industrial Estate Branch, Kandivli (West), Mumbai – 400 067, INDIA
AUDITORS
K S. J. Thadani & Associates
Chartered Accountants
Mumbai – 400 001, India
FINANCIAL INFORMATION
The company's last available financial information for the period ended 31st March, 1999 is enclosed herewith.
CAPITAL STRUCTURE
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Authorised Capital : |
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50,000 |
Equity Shares of Rs.100/- each |
Rs.5.000 millions |
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Issued, Subscribed &
Paid-up Capital : |
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50,000 |
Equity Shares of Rs.100/- each |
Rs.5.000 millions |
COMMENTS
Subject is a part of Associates Capsules Group, a well-known pharmaceutical machinery manufacturers.
The company is controlled, financed and managed by Singh family who are resourceful, experienced and respectable industrialists. Financial position of the company is satisfactory. Payments are usually correct and as per commitments.
The company can be considered normal for business dealings at usual trade terms and conditions.
Your proposed business dealings of US$ 23,000 can be considered against D/P terms.
ABRIDGED BALANCE SHEET AS ON 31ST March, 1999
[figures are in Rupees Millions]
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SOURCES OF FUNDS |
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31.03.1999 |
31.03.1998 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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5.000 |
5.000 |
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2] Reserves & Surplus |
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28.563 |
18.765 |
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LOAN FUNDS |
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1] Secured Loans |
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0.077 |
0.701 |
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2] Unsecured Loans |
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0.580 |
0.580 |
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GRAND TOTAL
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34.220 |
25.046 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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15.715 |
15.787 |
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INVESTMENTS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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3.456 |
4.367 |
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Sundry Debtors |
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8.224 |
4.111 |
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Cash & Bank Balances |
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0.843 |
2.652 |
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Other Current Assets |
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0.050 |
0.051 |
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Loans & Advances |
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10.108 |
2.869 |
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Total Current Assets |
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22.681 |
14.050 |
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Less : |
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Current Liabilities |
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2.376 |
3.360 |
Provisions |
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1.804 |
1.437 |
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Net Current Assets |
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18.501 |
9.253 |
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MISCELLANEOUS EXPENSES |
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0.004 |
0.006 |
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GRAND TOTAL
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34.220 |
25.046 |
IMPORTANT FINANCIAL INFORMATION FOR TWO PERIODS
[figures are in Rupees Millions]
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PARTICULARS |
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31.03.1999 |
31.03.1998 |
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Sales Turnover |
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36.341 |
28.871 |
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[including other income] |
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Profit/(Loss) Before Tax |
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11.400 |
5.833 |
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Provision for Taxation |
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0.230 |
1.120 |
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Profit/(Loss) After Tax |
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11.170 |
4.713 |
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Earnings in Foreign Currency : |
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Export Earnings |
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31.391 |
NA |
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Other Earnings |
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0.000 |
NA |
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Total Earnings |
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31.391 |
NA |
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Imports |
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0.068 |
NA |
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working
capital. No caution needed for credit transaction. It has above average
(strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to slightly
difficult position as unfavourable conditions arise. Minimal assurance for
timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
Small |
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11-25 |
Ca |
Adverse factors are apparent.
Repayment of interest and principal sums in default or expected to be in
default upon maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
INDIA
INDIA, one of the oldest civilisations with a kaleidoscopic variety and rich cultural heritage. It ahs achieved multifaceted socio-economic progress during the last 53 years of its independence. India has become self-sufficient in agricultural production and is now the tenth industrialised country in the world and the sixth nation to have gone into outer space to conquer nature for the benefit of the people. It covers an area of 3,287,2631 sq.km., extending from the snow-covered Himalayan heights to the tropical rain forests of the south. As the seventh largest country in the world, India stands apart from the rest of Asia, marked off as it is by mountains and the sea, which give the country a distinct geographical entity. Bounded by the Great Himalayas in the north, it stretches southwards and at the Tropic of Cancer, tapers off into the Indian Ocean between the Bay of Bengal on the east and the Arabian Sea on the west.
Lying entirely in the northern hemisphere, the mainland extends between latitudes 8°4’ and 37°6’ north, longitudes 68°7’ and 97°25’ east and measures about 3,214 km from north to south between the extreme latitudes and about 2,933 km from east to west between the extreme longitudes. It has a land frontier of about 15,200 km. The total length of the coastline of the mainland, Lakshadweep Islands and Andaman & Nicobar Islands is 7,516.6 km.
The countries having a common border with India are Afghanistan and Pakistan to the north-west, China, Bhutan and Nepal to the north, Myanmar to the east and Bangladesh to the east of West Bengal. Sri Lanka is separated from India by a narrow channel of sea formed by the Palk Strait and the Gulf of Mannar.
Rivers in India may be classified as : (i) Himalayan rivers; (ii) Peninsular rivers; (iii) Coastal rivers and (iv) rivers of Inland drainage basins.
The climate in India may be broadly described as tropical monsoon type. There are four seasons: (i) Winter (January-February); (ii) Hot-weather Summer (March-May); (iii) Rainy South-Western Monsoon (June-September) and (iv) Post-Monsoon, also known as North-East Monsoon in the Southern Peninsula (October-December). India’s climate is affected by two seasonal winds – the north-east monsoon and the south-west monsoon. The north-east monsoon commonly known as winter monsoon blows from land to sea whereas south-west monsoon known as summer monsoon blows from sea to land after crossing the Indian Ocean, the Arabian Sea and the Bay of Bengal. The south-west monsoon brings most of the rainfall during the year in the country. It is now possible to make forecast about the monsoon rains successfully with developed models and trained manpower.
India’s populations, as on 1st March, 1991 stood at 846.30 millions (439.23 million males and 407.07 million females). This includes the projected population of 7.72 million of Jammu & Kashmir. The second most populous country, India is the home of 16 percent of world’s population. The country, however, accounts for 2.42 percent of the total world area.
The population in India as recorded at each decenial census from 1901 has grown steadily except for a decrease during 1911-21. Decadel growth of population from 1901 is shown in the table below :
POPULATION
Year
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Population |
Decade
Growth Rate (percent)1 |
Average
Annual Exponential Growth Rate (percent) |
Progressive
Growth Rate over 1901 |
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1901 |
238,396,327 |
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-- |
-- |
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1911 |
252,093,390 |
+5.75 |
0.56 |
+5.75 |
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1921 |
251,321,213 |
-0.31 |
-0.03 |
+5.42 |
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1931 |
278,977,327 |
+11.00 |
1.04 |
+17.02 |
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1941 |
318,660,580 |
+14.22 |
1.33 |
+33.67 |
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1951 |
361,088,090 |
+13.31 |
1.25 |
+51.47 |
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1964 |
439,934,771 |
+21.51 |
1.96 |
+84.25 |
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1971 |
548,159,652 |
+24.80 |
2.20 |
+129.94 |
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1981 |
683,329,097 |
+24.66 |
2.22 |
+186.64 |
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1991 |
846,302,688 |
+23.85 |
2.14 |
+255.00 |
INDIAN INDUSTRY
India started has quest for industrial development after independence in 1947. The Industrial Policy Resolution of 1948 marked the beginning of the evolution of the Indian Industrial Policy.
As per Quick Estimate of the Index of Industrial Production, the overall growth of Industrial Production during 1999-2000 was 8 percent. Intermediate Goods recorded a growth of 15 percent. Consumer durable goods recorded a growth of 12.2 percent over 1998-99. Consumer non-durables recorded a growth of 4 percent during 1999-2000 over the corresponding period last year.
While the overall industrial growth was 8 percent, the core infrastructure sectors achieved an average growth rate of 8.5 percent during the financial year 1999-2000.
The performance of six infrastructure industries is given herebelow :
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Sr. No. |
Industry |
Weight |
1995-96 |
1996-97 |
1997-98 |
1998-99 |
1999-2000 |
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1. |
Electricity |
10.1690 |
8.3 |
3.8 |
6.6 |
6.6 |
7.1 |
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2. |
Coal |
3.2216 |
6.4 |
5.7 |
3.6 |
-2.0 |
3.3 |
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3. |
Steel |
5.1278 |
21.9 |
5.8 |
6.3 |
1.3 |
12.5 |
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4. |
Crude Petroleum |
4.1721 |
7.1 |
-4.7 |
2.9 |
-3.4 |
-2.2 |
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5. |
Petroleum Refinery Products |
2.0021 |
3.9 |
7.0 |
3.7 |
5.2 |
25.3 |
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6. |
Cement |
1.9891 |
11.5 |
9.6 |
9.1 |
5.7 |
14.0 |
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Overall |
26.6817 |
10.5 |
3.0 |
5.6 |
2.9 |
8.5 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit |
Indian
Rupees |
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US Dollar |
1 |
Rs.46.68 |
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UK Pound |
1 |
Rs.67.05 |
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Euro |
1 |
Rs.41.87 |
Attachment 5
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
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Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
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Further Comments/Suggestion :
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Company’s Stamp &
Signature