1. Summary Information
|
|
|
Country |
|
|
Company Name |
ANANTCO ENTERPRISES PRIVATE LIMITED |
Principal Name 1 |
Mr. Anant Rajendralal Thakore |
|
Status |
Moderate |
Principal Name 2 |
Mr. Anil Rajendralal Thakore |
|
|
|
Registration # |
11-166736 |
|
Street Address |
194, Arvind Chambers, Gauri Studio Compound, |
||
|
Established Date |
04.01.2007 |
SIC Code |
-- |
|
Telephone# |
91-22-67685000 / 7 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-26830537 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Healthcare Products. |
|
|
# of employees |
100 [Approximately] |
Product Name 2 |
-- |
|
Paid up capital |
Rs.200,000/- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
HDFC Bank Corporation Bank |
|
Public Limited Corp. |
NO |
Business Period |
4 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ca [12] |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
|
Avik Pharmaceuticals Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
79,531,000 |
Current Liabilities |
32,762,000 |
|
Inventories |
7,177,000 |
Long-term Liabilities |
79,168,000 |
|
Fixed Assets |
38,616,000 |
Other Liabilities |
18,204,000 |
|
Deferred Assets |
794,000 |
Total Liabilities |
130,134,000 |
|
Invest& other Assets |
1,389,000 |
Retained Earnings |
0 |
|
|
|
Net Worth |
[2,627,000] |
|
Total Assets |
127,507,000 |
Total Liab. & Equity |
127,507,000 |
|
Total Assets (Previous Year) |
115,676,000 |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
4,553,000 |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
[7,370,000] |
MIRA
INFORM REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANANTCO ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
194, Arvind Chambers, Gauri Studio Compound, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2009 |
|
|
|
|
Date of
Incorporation : |
04.01.2007 |
|
|
|
|
Com. Reg. No.: |
11-166736 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52311MH2007PTC166736 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA30005D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA1893E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Healthcare Products. |
|
|
|
|
No. of Employees
: |
100 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca [12] |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having Moderate track. There appears a huge accumulated losses being
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 on a secured 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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. Mahesh A |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9320121156 |
|
Date : |
15.06.2011 |
LOCATIONS
|
Registered Office : |
194, Arvind Chambers, Gauri Studio Compound, Western Express Highway,
Andheri [East], Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-67685000 / 7 / 26820059 - 60 |
|
Mobile No.: |
91-9320121156 [Mr. Mahesh A] |
|
Fax No.: |
91-22-26830537 / 26821425 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Vapi, |
DIRECTORS
As on 21.09.2009
|
Name : |
Mr. Anant Rajendralal Thakore |
|
Designation : |
Director |
|
Address : |
14-D, Laxmi Estate, |
|
Date of Birth/Age : |
20.01.1935 |
|
DIN : |
00095066 |
|
|
|
|
Name : |
Mr. Anil Rajendralal Thakore |
|
Designation : |
Director |
|
Address : |
71, Sanskar, J.V.P.D Scheme, Road No.8, Vile Parle [west], Mumbai –
400069, Maharashtra, India |
|
Date of Birth/Age : |
03.12.1930 |
|
DIN : |
00840894 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh A |
|
Designation : |
Marketing Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Healthcare Products. |
|
|
|
|
Exports : |
|
|
Products : |
Healthcare Products |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
|
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No. of Employees : |
100 [Approximately] |
||||||||||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||||||||
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|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sudit K. Parekh Chartered Accountant |
|
Address : |
Ballard House, 2nd Floor, Adi Marzban Path, Ballard Pier
Fort, Mumbai – 400001, |
|
Tel. No.: |
91-22-66178000 |
|
Fax No.: |
91-22-66178002 |
|
E-Mail : |
|
|
|
|
|
Related Party : |
|
|
|
|
|
Sister Concern : |
|
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.10/-each |
Rs.5.000 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000 |
Equity Shares |
Rs.10/-each |
Rs.0.200 million |
|
|
|
|
|
|
|
|
|
|
Of the above
10,000 equity shares of Rs.10/- each have been allotted at par for
consideration other than cash
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
|
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.200 |
0.200 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
[2.827] |
[7.379] |
|
|
NETWORTH |
|
[2.627] |
[7.179] |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
3.369 |
4.289 |
|
|
2] Unsecured Loans |
|
75.799 |
77.107 |
|
|
TOTAL BORROWING |
|
79.168 |
81.396 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
76.541 |
74.217 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
38.616 |
41.321 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1.389 |
1.390 |
|
|
DEFERREX TAX ASSETS |
|
0.794 |
0.963 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
7.177
|
2.627 |
|
|
Sundry Debtors |
|
21.113
|
15.164 |
|
|
Cash & Bank Balances |
|
8.156
|
5.269 |
|
|
Other Current Assets |
|
0.588
|
0.329 |
|
|
Loans & Advances |
|
49.674
|
48.613 |
|
Total
Current Assets |
|
86.708
|
72.002 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
28.035
|
24.050 |
|
|
Other Current Liabilities |
|
4.727
|
4.242 |
|
|
Provisions |
|
18.204
|
13.167 |
|
Total
Current Liabilities |
|
50.966
|
41.459 |
|
|
Net Current Assets |
|
35.742
|
30.543 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
|
|
|
|
76.541 |
74.217 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
SALES AND OTHER
INCOME |
|
73.071 |
63.231 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
7.838 |
[6.343] |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
3.285 |
1.027 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
4.553 |
[7.370] |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
|
4.123 |
5.441 |
|
|
|
Commission Earnings |
|
46.928 |
31.890 |
|
|
TOTAL EARNINGS |
|
51.051 |
37.331 |
|
|
|
|
|
|
|
|
|
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IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
|
7.924 |
2.648 |
|
|
TOTAL IMPORTS |
|
7.924 |
2.648 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
227.64 |
[736.97] |
|
|
Particulars |
|
|
31.03.2010 |
|
|
|
|
|
|
Sales Turnover [Approximately] |
|
|
90.000 |
Expected Sales ( 2010-2011 ) : Rs.100.000 Millions
The above information has been parted by Mr. Mahesh A [Marketing Manager]
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
|
6.23 |
[11.65] |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
6.25 |
[5.60] |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
[2.98] |
[0.88] |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
[49.54] |
[17.11] |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.70 |
1.74 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS :
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Computer
·
Office Equipments
·
Electrical Installations
·
Vehicles
·
Road Development
As per Website
Company Profile
Anant and Company
Established in 1954 in Mumbai, India, Anant and Company is a fifty year old company
dedicated to providing breakthrough healthcare products and services,
worldwide. Towards this end it markets high quality pharmaceuticals, chemicals,
intermediates, environmental chemicals and veterinary APIs.
Since the 1980’s the company committed itself to developing and manufacturing
breakthrough pharmaceutical active substances and intermediates that treat life
threatening disorders.
The company has also expanded its reach by opening a liaison office in
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.44.90 |
|
|
1 |
Rs.72.54 |
|
Euro |
1 |
Rs.63.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
12 |
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.