MIRA
INFORM REPORT
|
Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GENOM BIOTECH PRIVATE LIMITED |
|
|
|
|
Registered Office : |
A-601/602, Delphi, Orchard Avenue, Hiranandani Business Park, Powai,
Mumbai – 400076, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
31.01.2000 |
|
|
|
|
Com. Reg. No.: |
11-123931 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24239MH2000PTC123931 |
|
|
|
|
IEC No.: |
0300046499 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG10857A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCG1013B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of
Pharmaceuticals Products |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well – established and reputed company. Business is
active. General financial position is good. Trade relations are fair.
Payments are reported as usually correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Shailendra Dubey |
|
Designation : |
Assistance Finance Manager |
|
Contact No.: |
91-9987596150 |
|
Date : |
23.09.2008 |
LOCATIONS
|
Registered Office : |
A-601/602, Delphi, Orchard Avenue, Hiranandani Business Park, Powai,
Mumbai – 400076, Maharashtra, India |
|
Tel. No.: |
91-22-42009000 |
|
Mobile No.: |
91-9987596150 |
|
Fax No.: |
91-22-40229099 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
11555 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
D-121/123, MIDC, Malegaon Srinagar, Nashik – 422103, India |
|
Tel No.: |
91-253-230461/ 62 /596674 |
|
Email : |
|
|
Area : |
9566 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
C 10, Global Enterprises, Bhiwandi - 421302 |
|
Location : |
Rented |
|
|
|
|
Branch
Office : |
Located : Ø Dubai Ø UK Ø Moscow |
DIRECTORS
|
Name : |
Mr. Binodkumar Singh |
|
Designation : |
Director |
|
Address : |
603, B Wing, Valencia,
Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India. |
|
Date of Birth/Age : |
14.11.1960 |
|
Qualification : |
Mechanical Technical |
|
Date of Appointment : |
31.01.2000 |
|
|
|
|
Name : |
Mr. Amit Kumar |
|
Designation : |
Director |
|
Address : |
Bibiganj, Bhagwanpur, Mizaffarnagar 842001, Bihar, India |
|
Date of Birth/Age : |
03.05.1978 |
|
Qualification : |
M. Com |
|
Date of Appointment : |
25.05.2007 |
|
|
|
|
Name : |
Mr. Chandra Mouteshwar Singh |
|
Designation : |
Director |
|
Address : |
Kamlavihar Complex, F Wing Flat No.207, Mahavir Nagar, Kandivali (West),
Mumbai – 40067, Maharashtra, India |
|
Date of Birth/Age : |
16.12.1971 |
|
Qualification : |
M. Tech |
|
Date of Appointment : |
27.05.2007 |
|
|
|
|
Name : |
Mr.
Dilipkumar Loknath Bhagat |
|
Designation : |
Director |
|
Address : |
603, B Wing, Valencia, Hiranandani Gardens, Powai, Mumbai
– 400076, Maharashtra, India |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Kumar Trivedi |
|
Designation : |
Company Secretary |
|
Address : |
A-310, Durga Vihar Colony, New Delhi – 110062, India |
|
Date of Birth/Age : |
02.07.1974 |
|
Date of Appointment : |
29.02.2008 |
|
Email : |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mohan Maruli Garga |
|
180000 |
(As on 31.03.2007)
|
Category |
|
Percentage |
|
|
|
|
|
Bodies Corporate |
|
23.00 |
|
Directors or relatives of director |
|
77.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Pharmaceuticals Products |
|
|
|
|
Exports : |
|
|
Countries : |
Ukraine |
|
|
|
|
Imports : |
|
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (80 days) |
|
|
|
|
Purchasing : |
L/C and Credit (30 days) |
GENERAL
INFORMATION
|
Customers : |
Ø Eastern Natura
Herbs Extract Limited Ø Biologica (UK)
Limited Ø Brahma Drug
Private Limited |
|
|
|
|
Supplier : |
Ø Bajaj Allianz
General Insurance Company Limited Ø Bansal Sales
Corporation Ø Biochem
Pharmaceutical industries Limited Ø BPL Mobile Ø Galleria
Management Association |
|
|
|
|
No. of Employees : |
275 |
|
|
|
|
Bankers : |
Ø Bank of India,
Overseas Branch Ø Canara Bank,
Overseas Branch Ø Vijaya Bank Ø Axis Branch Trishul 3rd Floor, Opposite Samattheshwar Temple, Law
Garden Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
|
|
|
Facilities : |
C/C, Over Draft – Rs.260.000 Millions |
|
Banking Relations
: |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
R. S. Bagade and Associates Chartered Accountant |
|
Address : |
2 Nityanand Consumers Co-op Society, S. N. Marg, Andheri (East),
Mumbai – 400069, India |
|
|
|
|
Name : |
Sunil Manmal Jain Chartered Accountant |
|
Address : |
3, Regancy, Near Sangeeta Cinema, Datta Mandir Road, Malad
(East), Mumbai – 400 097, Maharashtra, India. |
|
|
|
|
Associates/Subsidiaries : |
Clestra Life Science Private Limited, India Brahma Drug Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7850000 |
Equity Shares |
Rs.10/- each |
Rs.78.500
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
78.500 |
78.500 |
78.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
188.148 |
72.097 |
41.901 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
266.648 |
150.597 |
120.401 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
268.911 |
268.292 |
112.670 |
|
|
2] Unsecured Loans |
39.864 |
23.342 |
40.551 |
|
|
TOTAL BORROWING |
308.775 |
291.634 |
153.221 |
|
|
DEFERRED TAX LIABILITIES |
5.713 |
5.032 |
4.163 |
|
|
|
|
|
|
|
|
TOTAL |
581.136 |
447.263 |
277.805 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
131.866 |
113.383 |
99.107 |
|
|
Capital work-in-progress |
47.887 |
15.641 |
11.967 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
49.032
|
51.744 |
44.699 |
|
|
Sundry Debtors |
852.707
|
408.012 |
437.756 |
|
|
Cash & Bank Balances |
7.192
|
23.952 |
14.101 |
|
|
Other Current Assets |
37.887
|
35.827 |
69.606 |
|
|
Loans & Advances |
54.139
|
41.365 |
2.607 |
|
Total
Current Assets |
1000.957
|
560.900 |
568.769 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
599.672
|
242.969 |
403.754 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
599.672
|
242.969 |
403.754 |
|
|
Net Current Assets |
401.285
|
317.931 |
165.015 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.098 |
0.308 |
1.715 |
|
|
|
|
|
|
|
|
TOTAL |
581.136 |
447.263 |
277.805 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
1014.775 |
651.824 |
|
Other Income |
|
0.000 |
0.000 |
|
Total Income |
|
1014.775 |
651.824 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
173.734 |
168.282 |
|
Provision for Taxation |
|
0.000 |
0.000 |
|
Profit/(Loss) After Tax |
|
173.734 |
168.282 |
|
|
|
|
|
|
Export Value |
|
1014.003 |
646.544 |
|
|
|
|
|
|
Total Expenditure |
|
841.041 |
483.542 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
17.12
|
25.82 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.12
|
25.82 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.34
|
0.25 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.65
|
1.12 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.41
|
3.55 |
4.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67
|
2.31 |
1.41 |
LOCAL AGENCY
FURTHER INFORMATION
Note:
The Registered Office of the company has been shifted from A -504,
Delphi Orchard Avenue, 5th Floor, Hitanandhani gardens Oiwai, Mumbai
– 400076, Maharashtra, India, to the present address w.e.f. 05.05.2008.
Trade Reference:
Ø
IPCA Labouratories
Ø
Paras Dairg Appliances Private Limited
Contact Person: Mr. Mitesh
Address: 5, 1st Floor, 52/ 54, Mint Road, Fort, Mumbai –
400001
Tel No.: 91-22- 22690013
Mob No.: 91- 9820166639
Fax No.: 91-22- 30222013
Ø
Supermak Foils Private Limited
Contact Person: Mr. Sandeep Shah
Address: Off. B- 3, Dwarkesh Apartment,
L.T. Road, Opp. Diamond Talkies, Borivali (West), Mumbai - 400092
Mob No.: 91- 9820138256
Fax No.: 91- 22- 28984436
Ø
Colour Graphics
Contact Person: Mr. Nima Praney
Address: Shree Pratigya, 474/1, A.B.
Road, Opp. Hotel Royal Park, Rajendra Nagar, Indore – 452012, India
Tel No.: 91-731- 4071411
Mob No.: 91- 9303233349
Fax No.: 91-731- 4071412
FIXED ASSETS
Ø
Factory Building
Ø
Office Building
Ø
Leasehold Land
Ø
Plant and Machinery
Ø
Furniture
Ø
Air Conditioner
Ø
Computer System
Ø
Factory Equipments
Ø
Electricity Fittings
Ø
Office Equipments
Ø
Vehicles
CMT REPORT (Corruption,
Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.74 |
|
UK Pound |
1 |
Rs.85.19 |
|
Euro |
1 |
Rs.66.12 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
59 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|