1. Summary Information
|
|
|
Country |
India |
|
Company Name |
OMKROWN
PHARMACHEM PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramakant Krishna Anavekar |
|
Status |
Moderate |
Principal Name 2 |
Mr. Chandrakant Krishna Anavekar |
|
|
|
Registration # |
08-016598 |
|
Street Address |
Kalyani
Apartment, Bharatnagar, Shahapur, Belgaum - 590003, Karnataka, India |
||
|
Established Date |
23.11.1994 |
SIC Code |
-- |
|
Telephone# |
91-831-2496136 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-831-2497086 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Active Pharmaceutical Ingredients |
|
|
# of employees |
-- |
Product Name 2 |
and Bulk Drug Intermediate |
|
Paid up capital |
Rs. 4000000/- |
Product Name 3 |
–– |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Bank of India |
|
Public Limited Corp. |
NO |
Business Period |
17 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B
(29) |
|
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 |
8,139,000 |
Current Liabilities |
15,967,000 |
|
Inventories |
16,188,000 |
Long-term Liabilities |
4,291,000 |
|
Fixed Assets |
8,832,000 |
Other Liabilities |
154,000 |
|
Deferred Assets |
-- |
Total Liabilities |
20,412,000 |
|
Invest& other Assets |
2,296,000 |
Retained Earnings |
11,043,000 |
|
|
|
Net Worth |
15,043,000 |
|
Total Assets |
35,455,000 |
Total Liab. & Equity |
35,455,000 |
|
Total Assets (Previous Year) |
34,740,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
29,722,000 |
Net Profit |
321,000 |
|
Sales(Previous yr) |
42,314,000 |
Net Profit(Prev.yr) |
300,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
OMKROWN PHARMACHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kalyani Apartment, Bharatnagar, Shahapur, Belgaum - 590003, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
23.11.1994 |
|
|
|
|
Com. Reg. No.: |
08-016598 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24290KA1994PTC016598 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRO00880F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3458K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Active Pharmaceutical Ingredients and Bulk Drug
Intermediate |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 60000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. 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 |
LOCATIONS
|
Registered Office : |
Kalyani Apartment, Bharatnagar, Shahapur, Belgaum - 590003, Karnataka,
India |
|
Tel. No.: |
91-831-2497086 |
|
Fax No.: |
91-831-2496136 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
422/4, Goa Road, Macche, Belgaum – 590014, Karnataka, India |
DIRECTORS
AS ON 03.09.2010
|
Name : |
Mr. Ramakant Krishna Anavekar |
|
Designation : |
Chairman |
|
Address : |
Radha Niwas, Shahapur, Belgaum-590003, Karnataka, India |
|
Date of Birth/Age : |
10.06.1942 |
|
Date of Appointment : |
23.11.1994 |
|
|
|
|
Name : |
Mr. Chandrakant Krishna Anavekar |
|
Designation : |
Director |
|
Address : |
Krishna Kunj, Bhagyanagar, Belgaum-590011, Karnataka, India |
|
Date of Birth/Age : |
02.11.1944 |
|
Date of Appointment : |
23.11.1994 |
|
|
|
|
Name : |
Mr. Rajesh Ramakant Anavekar |
|
Designation : |
Director |
|
Address : |
Radha Niwas, Shahapur, Belgaum-590003, Karnataka, India |
|
Date of Birth/Age : |
14.07.1966 |
|
Date of Appointment : |
23.11.1994 |
|
|
|
|
Name : |
Mr. Ulhas Krishna Anavekar Radhika, |
|
Designation : |
Director |
|
Address : |
Radhika, Kajubag, Karwar - 581 301, Karnataka, India |
|
Date of Birth/Age : |
03.05.1954 |
|
Date of Appointment : |
23.11.1994 |
|
|
|
|
Name : |
Mr. Vinayak Krishna Anavekar |
|
Designation : |
Director |
|
Address : |
Radha Krishna, Hindwadi, Belgaum – 590011, Karnataka, India |
|
Date of Birth/Age : |
28.12.1957 |
|
Date of Appointment : |
23.11.1994 |
|
|
|
|
Name : |
Mrs. Geeta Ramesh Anavekar |
|
Designation : |
Director |
|
Address : |
Radhika, Hindwadi, Belgaum – 590011, Karnataka, India |
|
Date of Birth/Age : |
20.05.1952 |
|
Date of Appointment : |
01.04.2001 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 03.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ramakant Krishna Anavekar |
|
3051 |
|
Chandrakant Krishna Anavekar |
|
1255 |
|
Ramesh Krishna Anavekar |
|
1624 |
|
Ulhas Krishna Anavekar |
|
3050 |
|
Vinayak Krishna Anavekar |
|
2000 |
|
Rajesh Ramakant Anavekar |
|
7060 |
|
Vinayak Krishna Anavekar (HUF) |
|
250 |
|
Radha Ramakant Anavekar |
|
2000 |
|
Geeta Ramesh Anavekar |
|
2000 |
|
Sameer C Anavekar |
|
1200 |
|
Rekha Ramakant Anavekar |
|
550 |
|
Anjali Chandrakant Anavekar |
|
345 |
|
Atul Ulhas Anavekar |
|
885 |
|
Deepali Ramesh Anavekar |
|
830 |
|
Kishan Vinayak Anavekar |
|
1450 |
|
Sanjay Ramakant Anavekar |
|
480 |
|
Sumant Ramesh Anavekar |
|
2780 |
|
Sumeet Ulhas Anavekar |
|
920 |
|
Smt Tejaswi Rajesh Anavekar |
|
2020 |
|
Ulhas Krishna Anavekar (HUF) |
|
1250 |
|
Aishwarya Rajesh Anavekar |
|
2000 |
|
Amulya Rajesh Anavekar |
|
1500 |
|
Aditya Rajesh Anavekar |
|
1500 |
|
|
|
|
|
Total |
|
40000 |
AS ON 03.09.2010
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Active Pharmaceutical Ingredients and Bulk Drug
Intermediate |
|
|
|
PRODUCTION STATUS : AS ON (31.03.2010)
|
Capacity |
40 MT PA |
|
Production |
AND – 2670 Kgs FCA – 337 Kgs THAPE – 19019 Kgs GAD – 1690 Kgs 4 NPA – 25 Kgs 3 NPA – 28 Kgs 3 Nitro P – 5 Kgs 4 M-3NA – 1 Kgs Metachlo – 20 Kgs |
GENERAL INFORMATION
|
Bankers : |
Bank of India , Shahapur (Belgaum), Branch, No.278/1A-2, dr. S.P.M.
Road, Shahpur, Belgaum – 590003, Karnataka, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
JDK and Associates Chartered Accountant |
|
Address : |
No.1, First Floor, Shahapukar Complex, Gondhali Galli, Belgaum – 590002,
Karnataka, India |
|
Tel. No.: |
91-831-2430054 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs.100/- each |
Rs.4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs.100/- each |
Rs.4.000 Millions |
|
|
|
|
|
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 |
4.000 |
4.000 |
4.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.043 |
10.343 |
10.043 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
15.043 |
14.343 |
14.043 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.291 |
0.109 |
2.704 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
4.291 |
0.109 |
2.704 |
|
|
DEFERRED TAX LIABILITIES |
0.154 |
0.142 |
0.123 |
|
|
|
|
|
|
|
|
TOTAL |
19.488 |
15.594 |
16.870 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.832 |
8.635 |
9.433 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.296 |
2.130 |
1.960 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
16.188
|
16.208 |
26.225 |
|
|
Sundry Debtors |
7.036
|
6.604 |
3.397 |
|
|
Cash & Bank Balances |
0.467
|
0.527 |
0.174 |
|
|
Other Current Assets |
0.636
|
0.636 |
0.579 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
24.327
|
23.975 |
30.375 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
15.967
|
20.146 |
24.898 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
15.967
|
20.146 |
24.898 |
|
|
Net Current Assets |
8.360
|
3.829 |
5.477 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
19.488 |
14.594 |
16.870 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
29.722 |
42.314 |
22.388 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
29.722 |
42.314 |
22.388 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
17.422 |
31.154 |
11.432 |
|
|
|
Manufacturing Expenses |
8.500 |
7.513 |
6.428 |
|
|
|
Office expenses |
2.280 |
1.860 |
1.768 |
|
|
|
Forex Exchange Loss |
0.000 |
0.000 |
0.927 |
|
|
|
TOTAL (B) |
28.202 |
40.527 |
20.555 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.520 |
1.787 |
1.833 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.159 |
0.457 |
0.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.361 |
1.330 |
1.457 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.028 |
0.977 |
1.092 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.333 |
0.353 |
0.365 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.012 |
0.053 |
0.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.321 |
0.300 |
0.218 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.381 |
3.080 |
2.282 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.702 |
3.381 |
3.080 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.003 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.08
|
0.70 |
0.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.00
|
1.08 |
0.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.34
|
1.41 |
3.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52
|
1.19 |
1.21 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL REVIEW :
TURNOVER :
The company has Continued to maintained satisfactory position as
compared to previous year.
FIXED ASSETS :
·
Factory Building
·
Plant and Machinery
·
Other Fixed Assets
·
Computer
·
Motor 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 44.94 |
|
|
1 |
Rs. 71.91 |
|
Euro |
1 |
Rs. 64.60 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
29 |
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.