BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
ZUVIUS LIFESCIENCES PRIVATE LIMITED |
Principal Name 1 |
MR. NIMISH GUABDAS THAKKER |
|
Status |
MODERATE |
Principal Name 2 |
MR. SHAILESH THIMMAPPA SHETTY |
|
|
|
Registration # |
11-155998 |
|
Street Address |
301, B WING, 3RD FLOOR, KANARA BUSINESS CENTER, LAXMI
NAGAR, OPPOSITE GHATKOPAR ANDHERI LINK ROAD, GHATKOPAR (EAST), MUMBAI – 400 075, MAHARASHTRA |
||
|
Established Date |
13.09.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-67653561 |
Business Style 1 |
MANUFACTURING |
|
Fax # |
91-22-25006141 |
Business Style 2 |
MARKETING |
|
Homepage |
Product Name 1 |
PHARMACEUTICAL PRODUCTS |
|
|
# of employees |
26
(APPROXIMATELY) |
Product Name 2 |
-- |
|
Paid up capital |
RS.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS – 100% |
Banking |
ING
VYSYA BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
6 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
--
|
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
31,116,000
|
Current Liabilities |
31,561,000
|
|
Inventories |
8,925,000
|
Long-term Liabilities |
5,714,000 |
|
Fixed Assets |
52,000 |
Other Liabilities |
759,000
|
|
Deferred Assets |
14,000 |
Total Liabilities |
38,034,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
(428,000) |
|
|
|
Net Worth |
2,073,000 |
|
Total Assets |
40,107,000 |
Total Liab. & Equity |
40,107,000 |
|
Total Assets (Previous Year) |
15,769,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Total Income |
42,260,000 |
Net Profit |
555,000 |
|
Total Income (Previous yr) |
52,381,000 |
Net Profit(Prev.yr) |
715,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
ZUVIUS LIFESCIENCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
301, B Wing, 3rd Floor, Kanara Business Center, Laxmi
Nagar, Opposite Ghatkopar Andheri Link Road, Ghatkopar (East), Mumbai – 400 075, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
13.09.2005 |
|
|
|
|
Com. Reg. No.: |
11-155998 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH2005PTC155998 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMZ01317B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Marketing of Pharmaceutical Products. |
|
|
|
|
No. of Employees
: |
26 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 8000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However trade relations are reported
as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Nimish Guabdas Thakker |
|
Designation : |
Whole Time Director |
|
Contact No.: |
91-9594997991 |
|
Date : |
23.08.2011 |
LOCATIONS
|
Registered/ Corporate Office : |
301, B Wing, 3rd Floor, Kanara Business Center, Laxmi Nagar,
Opposite Ghatkopar Andheri Link Road, Ghatkopar (East), Mumbai – 400 075, Maharashtra, India |
|
Tel. No.: |
91-22-67653561/ 67653562/
67653564/ 67653565 |
|
Mobile No.: |
91-9594997991 (Mr. Nimish Guabdas Thakker) |
|
Fax No.: |
91-22-25006141/ 25006591 |
|
E-Mail : |
zuviuslifesciences@yahoo.co.in General Info: info@zuviuslifesciences.in CEO: CEO@zuviuslifesciences.in Admin: admin@zuviuslifesciences.in Marketing: marketing@zuviuslifesciences.in |
|
Website : |
|
|
Area : |
4000 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
B-1, Wagle Industrial Estate, Thane, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Nimish Guabdas Thakker |
|
Designation : |
Whole Time Director |
|
Address : |
E/12/13, Santoshi Villa, Rajaji Path, Ramnagar, Dombivli (East), Thane
District, Thane – 421 201, |
|
Date of Birth/Age : |
10.09.1975 |
|
Date of Appointment : |
13.09.2005 |
|
DIN No.: |
00442166 |
|
|
|
|
Name : |
Mr. Shailesh Thimmappa Shetty |
|
Designation : |
Whole Time Director |
|
Address : |
E/11, Santoshi Villa, Rajaji Path, Ramnagar, Dombivli (East), Thane
District, Thane – 421 201, |
|
Date of Birth/Age : |
31.05.1977 |
|
Date of Appointment : |
13.09.2005 |
|
DIN No.: |
00442571 |
|
|
|
|
Name : |
Mrs. Alka S. Chavan |
|
Designation : |
Whole Time Director |
|
Address : |
W-20, Santoshi Villa, Rajaji Path, Ramnagar, Dombivli (East), Thane
District, Thane – 421 201, |
|
Date of Birth/Age : |
08.02.1976 |
|
Date of Appointment : |
13.09.2005 |
|
DIN No.: |
01769613 |
|
|
|
|
Name : |
Mr. Dipesh Hemraj Pasad |
|
Designation : |
Director |
|
Address : |
Hem Deep, Plot No.92, Hanuman CHS, |
|
Date of Birth/Age : |
26.03.1971 |
|
Date of Appointment : |
17.10.2010 |
|
DIN No.: |
01553811 |
|
|
|
|
Name : |
Mrs. Sharda Gulabdas Thakker |
|
Designation : |
Whole Time Director |
|
Address : |
E/12/13, Santoshi Villa, Rajaji Path, Ramnagar, Dombivli (East), Thane
District, Thane – 421 201, |
|
Date of Birth/Age : |
28.09.1947 |
|
Date of Appointment : |
13.09.2005 |
|
Date of Ceasing : |
06.07.2009 |
|
DIN No.: |
00442370 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Nimish Guabdas Thakker |
|
21540 |
|
Sharda Gulabdas Thakker |
|
2500 |
|
Shailesh Thimmappa Shetty |
|
2490 |
|
Alka S. Chavan |
|
1190 |
|
Santosh Chavan |
|
390 |
|
Bijal Thakker |
|
2400 |
|
Nilesh Thakker |
|
6000 |
|
Harshal Mayush |
|
1500 |
|
Total |
|
38010 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Marketing of Pharmaceutical Products. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
26 (Approximately) |
|
|
|
|
Bankers : |
v
Axis Bank, Dombivali (East), Thane, v
ING Vysya Bank Limited, Unit No.2/3/4, Marathon
Max Building, Mulund Goregoan Link Road, Mulund (West), Mumbai – 400 080,
Maharashtra, India v
Corporation Bank,
Dombivali (West) Branch |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H.J. Mehta and Associates Chartered Accountants |
|
Address : |
Shop No.4, |
|
Tel. No.: |
91-22-32946898/ 25068664 |
|
Fax No.: |
91-22-25068664 |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFH5290E |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
38010 |
Equity Shares |
Rs.10/- each |
Rs.0.380
million |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
2.401 |
2.401 |
2.596 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.428) |
(0.983) |
(1.644) |
|
|
NETWORTH |
2.073 |
1.518 |
1.052 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.161 |
5.246 |
2.669 |
|
|
2] Unsecured Loans |
2.553 |
1.813 |
0.000 |
|
|
TOTAL BORROWING |
5.714 |
7.059 |
2.669 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.787 |
8.577 |
3.721 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.052 |
0.013 |
0.016 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.014 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.925
|
9.337
|
6.380 |
|
|
Sundry Debtors |
29.941
|
4.923
|
10.421 |
|
|
Cash & Bank Balances |
0.300
|
0.058
|
0.082 |
|
|
Other Current Assets |
0.000
|
0.157
|
0.147 |
|
|
Loans & Advances |
0.875
|
1.281
|
0.989 |
|
Total
Current Assets |
40.041
|
15.756 |
18.019 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
30.689
|
5.414
|
12.348 |
|
|
Other Current Liabilities |
0.872
|
1.208
|
1.788 |
|
|
Provisions |
0.759
|
0.570
|
0.178 |
|
Total
Current Liabilities |
32.320
|
7.192 |
14.314 |
|
|
Net Current Assets |
7.721
|
8.564
|
3.705 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.787 |
8.577 |
3.721 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Income |
42.260 |
52.381 |
47.802 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
42.260 |
52.381 |
47.802 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
41.610 |
51.556 |
50.709 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
41.610 |
51.556 |
50.709 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.650 |
0.825 |
0.817 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.095 |
0.110 |
0.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.555 |
0.715 |
0.737 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.55 |
71.50 |
73.75 |
|
|
Particulars |
|
|
31.03.2011 (Approximately) |
|
Sales Turnover |
|
|
60.000 |
|
|
|
|
|
|
Profitability |
|
|
2.200 |
The above information has been parted by Mr. Nimish Guabdas Thakker
(Whole Time Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.31
|
1.36
|
1.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.62
|
5.23
|
4.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.54
|
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
18.35
|
9.39
|
16.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
2.19
|
1.26 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U24230MH2005PTC155998 |
|
Name of the
company |
ZUVIUS LIFESCIENCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
301, B Wing, 3rd Floor, Kanara Business Center, Laxmi
Nagar, Opposite Ghatkopar Andheri Link Road, Ghatkopar (East), Mumbai – 400 075, Maharashtra, India |
|
Type of charge |
Book Debts Floating Charge |
|
Particular of
charge holder |
ING Vysya Bank Limited, Unit No.2/3/4, Marathon Max Building, Mulund Goregoan
Link Road, Mulund (West), Mumbai – 400 080, Maharashtra, India E-Mail: mulund@ingvysyabank.com |
|
Nature of
description of the instrument creating or modifying the charge |
General
Hypothecation Agreement. |
|
Date of
instrument Creating the charge |
02.01.2009 |
|
Amount secured by
the charge |
Rs.5.000 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: LC: Commission as
per bank norms. CC (stock in
trade) (Sub Limit to LC): IVRR-2.75%. Terms of
Repayment: LC: On demand. CC (stock in
trade) (Sub Limit to LC): On demand. Margin: LC: Cash Margin
25% CC (stock in
trade) (Sub Limit to LC): 25% on stocks and book debts. Extent and
Operation of the charge: First charge on
stock in trade of the company both present and future. First charge on
book debts of the company both present and future. |
|
Short particulars
of the property charged |
All the stock in
trade of the company both present and future at Kanara Business Centre,
B301,Near Everest Gardens Link Road, Laxmi Nagar, Ghatkopar (East),
Mumbai-400075. Entire book debts
of the company both present and future. |
TRADE REFERENCES:
v
Sterling Bio Pharma
v
Hydro Drags
v
RPG Lifesciences
FIXED ASSETS:
v Air Condition
v Computer
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.77 |
|
|
1 |
Rs.75.58 |
|
Euro |
1 |
Rs.65.97 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.