1. Summary Information
|
|
|
Country |
India |
|
Company Name |
MEDREICH LIMITED |
Principal Name 1 |
Mr. Chandanmal Pukhraj Bothra |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Keith De
Souza Frances |
|
|
|
Registration # |
08-002383 |
|
Street Address |
Medreich House No 12/8, Saraswathi
Ammal Street, Maruthi Seva Nagar, Bangalore-560033,
Karnataka, India |
||
|
Established Date |
16.08.1973 |
SIC Code |
-- |
|
Telephone# |
91-80-25493334 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-25474741 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Ampicillin |
|
|
# of employees |
462
(approximately) |
Product Name 2 |
Amoxicillin |
|
Paid up capital |
Rs.1407,183,338/- |
Product Name 3 |
Cloxacillin |
|
Shareholders |
Foreign holdings – 73% Bodies corporate – 27% |
Banking |
State Bank of Mysore |
|
Public Limited Corp. |
NO |
Business Period |
39 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
United Kingdom |
Medreich Holdings (UK)
Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,385,570,000 |
Current Liabilities |
635,621,000 |
|
Inventories |
725,422,000 |
Long-term Liabilities |
743,036,000 |
|
Fixed Assets |
870,676,000 |
Other Liabilities |
163,982,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,542,639,000 |
|
Invest& other Assets |
1,846,170,000 |
Retained Earnings |
1,878,016,000 |
|
|
|
Net Worth |
3,285,199,000 |
|
Total Assets |
4,827,838,000 |
Total Liab. &
Equity |
4,827,838,000 |
|
Total Assets (Previous Year) |
4,278,473,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
3,317,448,000 |
Net Profit |
391,151,000 |
|
Sales(Previous yr) |
3,204,584,000 |
Net Profit(Prev.yr) |
483,966,000 |
MIRA
INFORM REPORT
|
Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Formerly Known
As : |
MEDREICH STERILAB
LIMITED |
|
|
|
|
Registered
Office : |
Medreich House No 12/8, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
16.08.1973 |
|
|
|
|
Com. Reg. No.: |
08-002383 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.1407.183 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24232KA1973PLC002383 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRS01934C |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCM1458Q |
|
|
|
|
Legal Form : |
A closely held
Public Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturers of
Pharmaceutical Formulations. |
|
|
|
|
No. of Employees
: |
462
(approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 13000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a
subsidiary of Med Holdings (UK) Limited, United Kingdom. It is an established
company having satisfactory track. There appears some dip in the
profitability during 2011. However, trade
relations are reported as decent. Business is active. Payments are reported
to be usually correct and as per commitments. The company can
be considered 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office / Corporate Office: |
Medreich House No 12/8, |
|
Tel. No.: |
91-80-25493334 [10
Lines] |
|
Fax No.: |
91-80-25474741 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Factory 1 : |
Survey No. 4/3, Avalahalli, Off |
|
Tel. No.: |
91-80-28436375 /
89 |
|
|
|
|
Factory 2 : |
12th Mile, |
|
Tel no.: |
91-80-28472402 /
403 |
|
Area : |
3500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 3 : |
49 B, C and D, Bommasandra Industrial Area, Bangalore, Karnataka, India |
|
Tel No.: |
91-80-7831338 /
7831339 |
|
|
|
|
Factory 4 : |
Plot No. 36, Bommasandra Industrial Area, |
|
Tel no.: |
91-80-7831338 /
7835068 |
|
|
|
|
Factory 5 : |
No.54/2, Boodhihal Village, Kasba Hobli, Nelamangala Taluk, Bangalore – 562120, Karnataka, India |
|
Tel No.: |
91-80-27730358 /
27730359 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Chandanmal Pukhraj Bothra |
|
Designation : |
Managing Director |
|
Address : |
No. 14, 7th
Cross SS, Jai Bharat Nagar,
|
|
Date of Birth/Age : |
20.07.1956 |
|
Date of Appointment : |
01.06.1990 |
|
DIN No. : |
00023108 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24232KA1973PLC002383 |
MEDREICH
LIMITED |
Managing
director |
01/06/1990 |
01/06/1990 |
- |
Active |
NO |
|
2 |
U45203KA2004PTC033457 |
OZONE
PROPERTIES PRIVATE LIMITED |
Director |
26/02/2004 |
26/02/2004 |
- |
Active |
NO |
|
3 |
U74210KA2004PTC035015 |
OZONE
PROPEX PRIVATE LIMITED |
Director |
16/11/2004 |
16/11/2004 |
- |
Active |
NO |
|
4 |
U70101TN2005PTC056894 |
OZONE
PROJECTS PRIVATE LIMITED |
Director |
13/07/2005 |
13/07/2005 |
- |
Active |
NO |
|
5 |
U67120KA2005PTC036869 |
NOKHA
HOLDINGS PRIVATE LIMITED |
Director |
01/08/2005 |
01/08/2005 |
- |
Active |
NO |
|
6 |
U65993KA2005PTC037256 |
NOKHA
INVESTMENTS PRIVATE LIMITED |
Director |
16/09/2005 |
16/09/2005 |
- |
Active |
NO |
|
7 |
U24230KA2004PTC050438 |
MEDREICH
CEPHTECH PRIVATE LIMITED |
Nominee
director |
20/07/2006 |
20/07/2006 |
- |
Amalgamated |
NO |
|
8 |
U24232KA2007PLC042361 |
ADCOCK
INGRAM LIMITED |
Managing
director |
20/02/2009 |
03/04/2007 |
01/04/2010 |
Active |
NO |
|
9 |
U24230KA2008PLC046164 |
GENOVO
DEVELOPMENT SERVICES LIMITED |
Nominee
director |
26/06/2008 |
23/04/2008 |
- |
Active |
NO |
|
10 |
U24230KA2008PLC062782 |
MEDREICH
LIFE CARE LIMITED |
Nominee
director |
13/06/2008 |
06/06/2008 |
- |
Active |
NO |
|
Name : |
Mr. Keith De
Souza Frances |
|
Designation : |
Director |
|
Address : |
90, |
|
Date of Birth/Age : |
01.07.1955 |
|
Date of Appointment : |
14.09.1996 |
|
DIN No. : |
00022680 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24232KA1973PLC002383 |
MEDREICH
LIMITED |
Director |
14/09/1996 |
14/09/1996 |
- |
Active |
NO |
|
2 |
U24232KA2007PLC042361 |
ADCOCK
INGRAM LIMITED |
Nominee
director |
01/11/2007 |
01/11/2007 |
- |
Active |
NO |
|
Name : |
Mr. Rajeev Mehta |
|
Designation : |
Director |
|
Address : |
80, |
|
Date of Birth/Age : |
19.08.1951 |
|
Date of Appointment : |
19.05.2004 |
|
DIN No. : |
00023079 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24232KA1973PLC002383 |
MEDREICH
LIMITED |
Director |
19/05/2004 |
19/05/2004 |
- |
Active |
NO |
|
2 |
U24230KA2008PLC046164 |
GENOVO
DEVELOPMENT SERVICES LIMITED |
Nominee
director |
26/06/2008 |
26/06/2008 |
- |
Active |
NO |
|
3 |
U24230KA2008PLC062782 |
MEDREICH
LIFE CARE LIMITED |
Nominee
director |
29/03/2011 |
29/03/2011 |
- |
Active |
NO |
|
Name : |
Mr. Shrikant Madhukar
Bhide |
|
Designation : |
Nominee director |
|
Address : |
31 03 Shireesh 187, Veer Savarkar
Road Mahim (West), Mumbai – 400016, Maharashtra, India |
|
Date of Birth/Age : |
27.08.1951 |
|
Date of Appointment : |
19.12.2011 |
|
DIN No. : |
00259180 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72900MH2006PTC163428 |
SAUWAHAN
INFOTECH PRIVATE LIMITED |
Director |
14/09/2006 |
14/09/2006 |
- |
Active |
|
|
2 |
U74140MH2006PTC163935 |
ARYSE
BUSINESS SOLUTIONS PRIVATE LIMITED |
Managing
director |
01/10/2006 |
01/10/2006 |
- |
Active |
NO |
|
3 |
U64100MH1988PLC047228 |
FIRST
FLIGHT COURIERS LIMITED |
Additional
director |
15/02/2008 |
15/02/2008 |
- |
Active |
NO |
|
4 |
U24232KA1973PLC002383 |
MEDREICH
LIMITED |
Nominee
director |
19/12/2011 |
19/12/2011 |
- |
Active |
NO |
|
Name : |
Mr. Paul Michael Barett |
|
Designation : |
Chairman |
|
Address : |
1, Leicester
Close, Henley – On – Thames, Oxon, RG92DLD, |
|
Date of Birth/Age : |
09.11.1945 |
|
Date of Appointment : |
19.05.2004 |
|
DIN No. : |
00023297 |
|
|
|
|
Name : |
Mr. Seow Teng Peng |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
05.05.1945 |
|
Date of Appointment : |
14.10.2005 |
|
DIN No. : |
01122683 |
|
|
|
|
Name : |
Mr. Andrew Morris |
|
Designation : |
Director |
|
Address : |
Holy Tree House, Bovingdon, Greeen, |
|
Date of Birth/Age : |
20.07.1962 |
|
Date of Appointment : |
26.03.2009 |
|
DIN No. : |
02705055 |
KEY EXECUTIVES
|
Name : |
Mr. Venkatesh Yendapalli
|
|
Designation : |
Company Secretary |
|
Address : |
101, Lakshmi Enclave, Behind Sambhram Institute of
Technology, Vidyaranyapura Post, Bangalore –
560097, Karnataka, India |
|
Date of Birth/Age : |
06.12.1966 |
|
Date of Appointment : |
01.02.2009 |
|
Pan No. : |
ABAPY3222B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Equity Shareholders |
No. of Equity
Shares |
|
Leela Kanwar |
10 |
|
Vandana Bothra |
10 |
|
Arun Kumar Chordia |
10 |
|
Hemantha Kumar Bothra |
10 |
|
Kushboo Bothra |
10 |
|
Med Holdings Limited, |
21055093 |
|
Nokha Holdings Private Limited , |
7787450 |
|
V Sciences Investment Pte Limited, |
10000 |
|
Total |
28852593 |
|
Name of Preference Shareholders |
No. of Preference Shares |
|
V Sciences Investment Pte Limited, |
14196160 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial
institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
73.00 |
|
Bodies corporate |
27.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Pharmaceutical
Formulations |
||||||||||
|
|
|
||||||||||
|
Products : |
|
PRODUCTION STATUS
(As on 31.03.2008)
|
Particulars |
Unit |
Installed
Capacity* |
|
Capsules |
Millions / Annum
|
30770 |
|
Tablets |
Millions / Annum |
22500 |
|
Bottles |
Millions / Annum |
130 |
|
Particulars |
Unit |
Actual
Production** |
|
Capsules |
Millions |
10436 |
|
Tablets |
Millions |
11194 |
|
Liquids |
Kilo Leters |
1250 |
|
Vials |
Millions |
12215 |
Note:
* Excludes manufacturing capacity at sub-contractor locations.
** Includes quantities produced in factories of third parties under loan licenses.
GENERAL INFORMATION
|
No. of Employees : |
462
(approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
State
Bank of ·
Export
Import Bank of ·
YES
BANK LIMITED, Nehru Centre, 9th Floor, ·
Canara Bank ·
Overseas
Bank, ·
Corporation
Bank ·
Ing Vysya Bank Limited, 22, Ground Floor, Ing
Vysya House, M. G. Road, Bangalore - 560001,
Karnataka, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
·
Housing
Development Finance Corporation Limited ·
·
|
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Associates Chartered
Accountants |
|
Address : |
U. B. City, |
|
Tel. No.: |
91-80-40275000 |
|
Fax No.: |
91-80-22106000 |
|
Pan No.: |
AABFS3421N |
|
|
|
|
Subsidiaries : |
· Medreich Plc., United Kingdom · Medreich Cephtech Private Limited, India (ceased w.e.f 1.4.2009) · Medreich Lifecare Limited, India (formerly known as Medreich Saimirra Limited, India ) CIN No.:
U24230KA2008PLC062782 · Other enterprises under Common Control · Medreich South Africa Limited, South Africa · Medreich Far East Limited, Hong Kong · LDP - Laboratories Torlan, SA, Spain · Pharmazen Medicals Pte Limited, Singapore · Medreich Australia Pty Limited, Australia · SARL Medreich France, France |
|
|
|
|
Joint Venture
Companies: |
· Genovo Development Services Limited, India CIN No.: U24230KA2008PLC046164 · Adcock Ingram Limited, India * CIN No.:
U24232KA2007PLC042361 * Considered as Joint Venture as both share holders have equal control through representation on the Board of Directors. |
|
|
|
|
Holding Company : |
·
Medreich Holdings (UK)
Limited, United Kingdom |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
44134259 |
Equity Shares |
Rs.10/- Each |
Rs.441.343 millions |
|
14196160 |
Preference Shares |
Rs.78.80/- Each |
Rs.1118.657 millions |
|
2 |
Preference Shares |
Rs.1/- Each |
Rs.0.000 millions |
|
|
Total |
|
Rs.1560.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
28852593 |
Equity Shares |
Rs.10/- Each |
Rs.288.526
millions |
|
14196160 |
Non cumulative participative convertible 1% Preference Shares |
Rs.78.80/- Each |
Rs.1118.657
millions |
|
|
Total |
|
Rs.1407.183 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1407.183 |
1407.183 |
1407.183 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1878.016 |
1802.973 |
1609.402 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3285.199 |
3210.156 |
3016.585 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
743.036 |
339.059 |
329.039 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
743.036 |
339.059 |
329.039 |
|
|
DEFERRED TAX LIABILITIES |
104.434 |
95.916 |
88.416 |
|
|
|
|
|
|
|
|
TOTAL |
4132.669 |
3645.131 |
3434.040 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
870.676 |
547.036 |
569.752 |
|
|
Capital work-in-progress |
18.839 |
12.303 |
6.532 |
|
|
|
|
|
|
|
|
INVESTMENT |
1827.331 |
1887.074 |
1802.074 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
725.422
|
534.854
|
562.405
|
|
|
Sundry Debtors |
825.665
|
692.175
|
819.690
|
|
|
Cash & Bank Balances |
44.200
|
28.370
|
33.063
|
|
|
Other Current Assets |
26.213
|
51.885
|
19.460
|
|
|
Loans & Advances |
489.492
|
524.776
|
421.162
|
|
Total
Current Assets |
2110.992
|
1832.060
|
1855.780
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
600.590
|
486.800
|
605.142
|
|
|
Other Current Liabilities |
35.031
|
61.121
|
92.580
|
|
|
Provisions |
59.548
|
85.421
|
102.376
|
|
Total
Current Liabilities |
695.169
|
633.342
|
800.098
|
|
|
Net Current Assets |
1415.823
|
1198.718
|
1055.682
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4132.669 |
3645.131 |
3434.040 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3317.448 |
3204.584 |
3011.875 |
|
|
|
Other Income |
252.349 |
199.592 |
248.742 |
|
|
|
TOTAL (A) |
3569.797 |
3404.176 |
3260.617 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
2117.945 |
2032.486 |
2043.199 |
|
|
|
Employee related expenses |
313.727 |
252.270 |
219.142 |
|
|
|
Administrative selling other expenses |
513.291 |
419.752 |
398.488 |
|
|
|
TOTAL (B) |
2944.963 |
2704.508 |
2660.829 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
624.834 |
699.668 |
599.788 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
59.614 |
81.318 |
87.388 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
565.220 |
618.350 |
512.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
53.616 |
39.884 |
36.559 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
511.604 |
578.466 |
475.841 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
120.453 |
94.500 |
133.942 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
391.151 |
483.966 |
341.899 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1027.570 |
581.873 |
278.370 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend on Equity Shares |
|
21.639 |
21.639 |
|
|
|
Proposed Dividend on Preference Shares |
|
11.179 |
11.179 |
|
|
|
Tax on Proposed Dividend |
|
5.451 |
5.578 |
|
|
|
Transfer to General Reserve |
|
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1380.579 |
1027.570 |
581.873 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.09 |
11.24 |
11.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
10.96
|
14.22
|
10.49
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.42
|
18.05
|
15.80
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.16
|
24.31
|
19.62
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.18
|
0.16
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.44
|
0.30
|
0.37
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.04
|
2.89
|
2.32
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
No |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
REVIEW OF THE
COMPANY PERFORMANCE
During the year the Company has achieved net sales of Rs. 3021.819 Millions, registering a growth of 2.35% compared to previous year. Profit before interest, depreciation and taxes were Rs.329.205 Millions compared to Rs. 447.541 Millions previous year. After providing interest of Rs. 59.614 Millions (Rs. 81.318 Millions previous year) and depreciation of Rs.53.616 Millions (Rs. 39.883 Millions previous year) the profit before tax was Rs. 215.975 Millions as against the previous year’s profit of Rs. 326.340 Millions.
BANKERS CHARGES REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24232KA1973PLC002383 |
|
Name of the
company |
MEDREICH LIMITED |
|
Address of the
registered office or of the principal place of business in |
Medreich House No 12/8, E-mail id : venkatesh.y@medreich.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable
Property |
|
Particular of
charge holder |
Ing Vysya Bank Limited, 22, Ground Floor, Ing
Vysya House, M. G. Road, Bangalore - 560001,
Karnataka, India E-mail Id : giridharvvrn@ingvysyabank.com
|
|
Nature of
instrument creating charge |
Deed of General
Hypothecation. |
|
Date of instrument
Creating the charge |
25.04.2012 |
|
Amount secured by
the charge |
Rs.265.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest SBLC : commission
0.50% payable up-front. Libor (12 Months) + 300 BPS P.A payable monthly. Terms of
Repayment SBLC : maximum up
to 12 months. Margin SBLC : Nil Extent and
Operation of the charge The charge is by way
of Deed of Hypothecation executed/created by the company over its movable
properties situated at Unit III at No.4/3, Avalahalli,
Anjanapura Post, off kanakapura
Main Road, Bangalore- 560062 |
|
Short particular
of the property or asset(s) charged |
The whole of the
Company's movable fixed assets situated at Unit III at No.4/3, Avalahalli, Anjanapura Post,
off kanakapura Main Road, Bangalore- 560062 both
present and future. |
FIXED ASSETS
·
Land
·
Factory
Buildings
·
Office
Buildings
·
Plant and
Machinery
·
Electrical
Equipments and Installations
·
Furniture
and Fittings
·
Vehicles
·
Office
Equipments
·
Computers
·
Software
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.55.70 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared by
: |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.