MIRA
INFORM REPORT
|
Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANUJA HEALTHCARE LIMITED (w.e.f. 27.04.2009) |
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Formerly Known
as : |
ANUJA IMPEX PRIVATE LIMITED |
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Registered
Office : |
SCO 857, 1st Floor, NAC Manimajra, Chandigarh – 160002 |
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
17.03.1997 |
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Com. Reg. No.: |
53-019858 |
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Capital
Investment / Paid-up Capital : |
Rs.6.915 Millions |
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|
CIN No.: [Company Identification
No.] |
U51909CH1997PLC019585 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RRKA02413F |
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PAN No.: [Permanent Account No.] |
AACCA5374L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trading and Manufacturing of Bulk Drug and Solvents. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 99000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
SCO 857, 1st Floor, NAC Manimajra, Chandigarh – 160002,
India |
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Tel. No.: |
91-1762-280753 / 754 |
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Fax No.: |
91-1762-284723 |
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E-Mail : |
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Website : |
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Factory ; |
C-26 and C-36, Industrial Focal Point, Derabassi – 140507, Punjab,
India |
DIRECTORS
AS ON 30.03.2010
|
Name : |
Mr. Kimat Rai Jain |
|
Designation : |
Managing Director |
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Address : |
# 782, Sec-8, Panchkula |
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Date of Appointment : |
19.04.1997 |
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Name : |
Mrs. Anuradha Goyal |
|
Designation : |
Director |
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Address : |
# 782, Sec-8, Panchkula |
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Date of Appointment : |
20.06.2006 |
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|
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Name : |
Mrs. Pushpa Goyal |
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Designation : |
Additional Director |
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Address : |
# 2123,Sec 27-C, Chandigarh |
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Date of Appointment : |
01.04.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.03.2010
|
Names of Shareholders |
|
No. of Shares |
|
Kemat Rai |
|
441710 |
|
Anuradha |
|
216200 |
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Pushpa Goyal |
|
8900 |
|
Mohan Lal |
|
7100 |
|
KEWAL Krishan |
|
8000 |
|
Devki Rani |
|
8000 |
|
Raghunath |
|
1600 |
|
Satish Patel |
|
10 |
|
Harinder Singh |
|
10 |
|
Vipan Dwani |
|
10 |
|
Tejas M Shah |
|
10 |
|
Ravi Garg |
|
10 |
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|
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Total |
|
691560 |
AS ON 30.03.2010
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Manufacturing of Bulk Drug and Solvents. |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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Statistical Data |
Kgs |
2525000.00 |
NA |
2220877.00 |
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GENERAL INFORMATION
|
Bankers : |
·
Axis Bank ·
HDFC
Bank Limited, HDFC Bank House,
Senapati Bapat Marg, Lower Parel W, Mumbai – 400013, Maharashtra,
India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Bansal Satish and Associates Chartered Accountant |
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Address : |
Sco 47, II Floor, Sector 20-C, Dakshin Marg, Chandigarh – 160020,
India |
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Tel. No.: |
91-1762-2725858 |
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Fax No.: |
91-1762-2725858 |
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E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
691560 |
Equity Shares |
Rs.10/- each |
Rs.6.915
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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|
SHAREHOLDERS FUNDS |
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|
|
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|
1] Share Capital |
6.915 |
6.915 |
6.915 |
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|
2] Share Application Money |
1.017 |
1.017 |
0.000 |
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|
3] Reserves & Surplus |
16.730 |
14.561 |
12.577 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
24.662 |
22.493 |
19.492 |
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|
LOAN FUNDS |
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|
|
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|
1] Secured Loans |
49.911 |
28.367 |
31.570 |
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2] Unsecured Loans |
3.572 |
3.227 |
1.902 |
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|
TOTAL BORROWING |
53.483 |
31.594 |
33.472 |
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DEFERRED TAX LIABILITIES |
0.761 |
0.690 |
0.710 |
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TOTAL |
78.906 |
54.777 |
53.674 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
46.794 |
25.849 |
24.982 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.086 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
|
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Inventories |
24.966
|
22.815 |
26.341 |
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Sundry Debtors |
25.133
|
15.856 |
16.806 |
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|
Cash & Bank Balances |
3.697
|
1.843 |
2.350 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
2.601
|
3.424 |
1.954 |
|
Total
Current Assets |
56.397
|
43.938 |
47.451 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Other Current Liabilities |
23.419
|
14.145 |
21.759 |
|
|
Provisions |
0.952
|
0.865 |
0.000 |
|
Total
Current Liabilities |
24.371
|
15.010 |
21.759 |
|
|
Net Current Assets |
32.026
|
28.928 |
25.692 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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|
TOTAL |
78.906 |
54.777 |
53.674 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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SALES |
|
|
|
|
|
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Income |
95.161 |
|
85.288 |
|
|
|
Other Income |
13.550 |
18.362 |
|
|
|
|
TOTAL (A) |
108.711 |
97.562 |
85.288 |
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
83.696 |
73.662 |
64.994 |
|
|
|
Manufacturing and Administrative Expenses |
12.224 |
13.711 |
9.704 |
|
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|
TOTAL (B) |
95.920 |
87.373 |
74.698 |
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|
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|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.791 |
10.189 |
10.590 |
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Less |
FINANCIAL
EXPENSES (D) |
5.011 |
3.815 |
5.972 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.780 |
6.374 |
4.618 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.507 |
3.571 |
2.958 |
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PROFIT BEFORE TAX
(E-F) (G) |
3.273 |
2.803 |
1.660 |
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Less |
TAX (I) |
0.952 |
0.865 |
0.482 |
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PROFIT AFTER TAX
(G-I) (J) |
2.321 |
1.938 |
1.178 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.911 |
1.098 |
NA |
|
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|
BALANCE CARRIED
TO THE B/S |
2.251 |
1.911 |
1.098 |
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
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|
Export Earnings |
2.964 |
1.603 |
6.704 |
|
|
TOTAL EARNINGS |
2.964 |
1.603 |
6.704 |
|
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IMPORTS |
|
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|
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|
Raw Materials |
18.537 |
31.272 |
14.122 |
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TOTAL IMPORTS |
18.537 |
31.272 |
14.122 |
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|
Earnings Per Share
(Rs.) |
4.73 |
4.13 |
2.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.13
|
1.98 |
1.38 |
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|
Net Profit Margin (PBT/Sales) |
(%) |
3.43
|
3.53 |
-- |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.17
|
4.01 |
2.29 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.12 |
0.08 |
|
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
3.15
|
1.98 |
2.83 |
|
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.31
|
2.92 |
2.18 |
LOCAL AGENCY FURTHER INFORMATION
NOTE :
The registered office address of the company has been shifted from SCO
912 1st Floor, NAC Manimajra, Chandigarh, India to present address
w.e.f. 01.04.2009.
WORKING RESULTS :
During the year
the Company achieved a turnover of Rs. 108.710 millions (Pr. Year 97.562
Millions ) resulting into net profit of Rs. 3.273 Millions after depreciation
and preliminary expenses written off.
FROM : 8
|
Corporate identity number of the company |
U51909CH1997PLC019585 |
|
Name of the company |
Anuja Healthcare Limited |
|
Address of the registered office or of the
principal place of business in |
Sco 857, Ist Floor Nac manimajra,
Chandigarh Chandigarh – 160002, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Others |
|
Particular of charge holder |
HDFC BANK LIMITED, HDFC Bank Housesenapati
Bapat Marg, Lower Parel W, Mumbai – 400013, Maharashtra, India |
|
Nature of instrument creating charge |
Memorandum Recording Past Transactions of
Creation of Mortgage By Delivery of Title Deeds Dated 09/11/2010 Supplemental Letter of Hypothecation of
Stock And Book debts Dated 09/11/2010 |
|
Date of instrument Creating the charge |
09/11/2010 |
|
Amount secured by the charge |
Rs. 78.225 |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest Base Rate+4.50% i.e 12.00% p.a. Terms
of repayment Cash Credit: Repayable On Demand Term Loan: Repayable In 60 EMIs Margin Stock: 25% Book Debt: 30% Extent
and operation of the charge 100% Other
Nil |
|
Short particulars of the property charged
(Including location of the property) |
Hypothecation of Stocks And Book Debts Equitable Mortgage of Industrial Property
At C-26, Industrial Focal Point, Dera Bassi, Distt. Mohali Equitable Mortgage of Industrial Property
At C-31, Industrial Focal Point, Dera Bassi Distt. Mohali |
|
Date of instrument modifying the charge |
22/02/2008 |
|
Particulars of the present modification |
Credit Facilities Enhanced to Rs. 78.225
millions As Per Following Details: -Cash Credit RS. 30.000 millions -Term Loan RS. 18.225 millions -LC RS. 20.000 millions -Adhoc Cash Credit Rs. 5.000 millions -Adhoc FLC Limit RS.5.000 millions |
FIXED ASSETS :
·
Air Condition
·
Car
·
Computer
·
Electrical Equipments
·
Factory Building
·
Fax Machines
·
Furniture and Fixtures
·
Generator Set
·
Lab Equipments
·
Land
·
Mobile Phone
·
Office Equipments
·
Pinter
·
Plant and Machinery
·
Pump
·
Scooter
·
Photostate Machine
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 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.