|
Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
AREN PHARMA-CARE PRIVATE LIMITED |
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|
|
Registered Office
: |
Unit No.203, 2nd Floor, Adarsh Industrial Estate, |
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Country : |
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|
Financials (as
on) : |
31.03.2011 |
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|
Date of
Incorporation : |
03.04.2008 |
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|
|
|
Com. Reg. No.: |
11-180783 |
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|
Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH2008PTC180783 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA32638E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA9507M |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading in Active Pharmaceuticals Ingredients, Chemicals, Solvents,
Intermediates, etc. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 5000 |
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for small 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.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Amit Popatlal Shah |
|
Designation : |
Director |
|
Contact No.: |
91-22-42459999 |
|
Date : |
06.09.2012 |
LOCATIONS
|
Registered Office : |
Unit No.203, 2nd Floor, Adarsh Industrial Estate, |
|
Tel. No.: |
91-22-42459999/ 66975154/ 66975155/ 66975153/ 28219191 |
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Fax No.: |
91-22-42459999/ 66975155 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Amit Popatlal Shah |
|
Designation : |
Director |
|
Address : |
Flat No.102, 1st Floor, Kesar Villa, Plot No.140-A, |
|
Date of Birth/Age : |
16.06.1975 |
|
Date of Appointment : |
03.04.2008 |
|
DIN No.: |
02053474 |
|
|
|
|
Name : |
Mr. Vinay Popatlal Shah |
|
Designation : |
Director |
|
Address : |
Flat No.102, 1st Floor, Kesar Villa, Plot No.140-A, |
|
Date of Birth/Age : |
24.02.1970 |
|
Date of Appointment : |
03.04.2008 |
|
DIN No.: |
02055147 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Amit Popatlal Shah |
|
3000 |
|
Vinay Popatlal Shah |
|
3000 |
|
Popatlal Ukaji Shah |
|
1000 |
|
Sharda Popatlal Shah |
|
1000 |
|
Rashmi Vinay Shah |
|
1000 |
|
Rinkie Amit Shah |
|
1000 |
|
Total |
|
10000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Active Pharmaceuticals Ingredients, Chemicals, Solvents,
Intermediates, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||||||||
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Bankers : |
The Federal Bank
Limited, ''Wembly' Ground Floor, Off |
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Facilities : |
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
M.V. Damania and Company Chartered Accountants |
|
Address : |
14/2, |
|
Tel. No.: |
91-22-66614320/ 21/ 22 |
|
Fax No.: |
91-22-24938040 |
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Income-tax
PAN of auditor or auditor's firm : |
AAEFM9871H |
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|
|
|
Related Party (Concern under same management) : |
Aren Pharmaceuticals |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 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 |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.031 |
0.449 |
0.249 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.131 |
0.549 |
0.349 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.294 |
2.006 |
0.866 |
|
|
2] Unsecured Loans |
10.914 |
9.581 |
6.468 |
|
|
TOTAL BORROWING |
14.208 |
11.587 |
7.334 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.002 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
15.339 |
12.138 |
7.687 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.367 |
0.422 |
0.051 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.001 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.007 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.671
|
4.170 |
2.082 |
|
|
Sundry Debtors |
61.086
|
41.675 |
32.708 |
|
|
Cash & Bank Balances |
0.216
|
0.784 |
2.484 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Deposits, Loans & Advances |
1.132
|
1.315 |
1.111 |
|
Total
Current Assets |
63.105
|
47.944 |
38.385 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
47.940 |
35.983 |
30.646 |
|
|
Other Current Liabilities |
0.216
|
0.268 |
0.134 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
48.156
|
36.251 |
30.780 |
|
|
Net Current Assets |
14.949
|
11.693 |
7.605 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.015 |
0.023 |
0.031 |
|
|
|
|
|
|
|
|
TOTAL |
15.339 |
12.138 |
7.687 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
106.908 |
106.283 |
|
|
|
Other Income |
NA |
0.468 |
0.641 |
|
|
|
TOTAL (A) |
NA |
107.376 |
106.924 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
NA |
(2.088) |
(2.082) |
|
|
|
Purchases and Other Direct Cost |
NA |
101.698 |
100.552 |
|
|
|
Staff Cost |
NA |
3.312 |
3.797 |
|
|
|
Administration and Other Expenses |
NA |
3.444 |
3.499 |
|
|
|
TOTAL (B) |
NA |
106.366 |
105.766 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
1.010 |
1.158 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
0.601 |
0.673 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
0.409 |
0.485 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
0.096 |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.825 |
0.313 |
0.478 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.243 |
0.114 |
0.228 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.582 |
0.199 |
0.250 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.582 |
0.199 |
0.250 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1.424 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
1.424 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
58.20 |
19.95 |
25.17 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.19 |
0.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.29 |
0.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.30
|
0.65 |
1.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.73
|
0.57 |
1.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
55.14
|
87.14 |
109.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31
|
1.32 |
1.25 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
- Dues to Micro
and Small Enterprises |
-- |
-- |
-- |
|
- Others |
47.940 |
35.983 |
30.646 |
|
Total |
47.940 |
35.983 |
30.646 |
|
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 |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two 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 |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
Contingent
liabilities not provided for in respect of:
|
Particulars |
31.03.2011 (Rs.
in millions) |
|
Guarantee given by Bank to third parties on behalf of the Company |
0.208 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24239MH2008PTC180783 |
|
Name of the
company |
AREN PHARMA-CARE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Unit No.203, 2nd Floor, Adarsh Industrial Estate, E-Mail: info@aren.co.in |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10181076 |
|
Type of charge |
Immovable
Property Floating Charge |
|
Particular of
charge holder |
The Federal Bank
Limited, ''Wembly' Ground Floor, Off E-Mail: bbyf@federalbank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
1. Agreement of
Cash Credit/Overdraft/Demand Loan |
|
Date of
instrument Creating the charge |
22.05.2012 |
|
Amount secured by
the charge |
Rs.10.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Base Rate+5.25%p.a.
with monthly/ quarterly rests and/or as stipulated by Bank from time to time Terms of
Repayment: As stipulated by
Bank from time to time Margin: As stipulated by
Bank from time to time Extent and
Operation of the charge: First Charge (present
and future)=Total Limit Rs.10.500 millions (ODCC=Rs.6.500 millions, LC
(FTLS)=Rs.4.000 millions) [(Sub Limit under
LC-BG(FTLS)= Rs.0.500 million] and / or as stipulated by bank from time to
time Others: As stipulated by bank
from time to time and as per agreement and as per sanction letter of the Bank |
|
Short particulars
of the property charged |
First Charge
(present and future) on following assets=(1) Hypothecation of all stock/
goods/ inventories/ products kept at borrower place/ premises/ factories/
godowns/ sites/ job worker and/or whereeverelse and in transit including
bought under letter of credit/bank finance /B.G. (2) Hypothecation
of all book debts and receivables (3) Hypothecation
of all current assets of the company |
|
Particulars of
the present modification |
By this
modification limit additional limit of ODCC Rs.2.500 millions has been
granted hence total limit is enhanced from Rs.8.000 millions to Rs.10.500
millions (ODCC=Rs.6.500 millions, LC (FTLS)=Rs.4.000 millions)-(sub limit
under LC-BG (FTLS)=Rs.0.500 million),
securities are continued as given by original charge as well as by
modifications, terms and conditions as per agreement and as per sanction
letter of the Bank. |
FIXED ASSETS:
v Computers, Printers and Software
v Office Equipments
v Furniture and Fixtures
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.55.97 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.