|
Report Date : |
29.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHREE GANESH REMEDIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.6011, GIDC Estate, Near Aventis Pharma, Ankleshwar-393002, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.04.1995 |
|
|
|
|
Com. Reg. No.: |
04-025661 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.297 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230GJ1995PTC025661 |
|
|
|
|
IEC No.: |
3405004454 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAPFS3199F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Pharmaceuticals, Intermediates, Fine Chemicals |
|
|
|
|
No. of Employees
: |
27 (Approximately) (In Office – 7
and In Factory - 20) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 190000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject belong to the Ganesh Group. It is and established company having
satisfactory track. There appears slight dip in the sales turnover and
profits during 2011. However, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
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 PARTED BY
|
Name : |
Mr. Chandubhai Manubhai Kothia |
|
Designation : |
Director |
|
Contact No.: |
91-9328301671 |
|
Date : |
28.09.2012 |
LOCATIONS
|
Registered Office / Factory : |
Plot No.6011, GIDC Estate, Near Aventis Pharma, Ankleshwar-393002, |
|
Tel. No.: |
91-2646-221564/ 227777/ 327778 |
|
Mobile No.: |
91-9328301671 (Mr. Chandubhai Manubhai Kothia) |
|
Fax No.: |
91-2646-226422 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
102590 Sq. ft |
|
Location : |
Leased |
|
|
|
|
Factory : |
303/C16, Tulsikunj Society, GIDC Estate, Ankleshwar, Bharuch-393002,
Gujarat, India |
|
Tel. No.: |
91-264-251059 |
|
Area : |
3168 Sq. ft |
|
Location : |
Leased |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Chandubhai Manubhai Kothia |
|
Designation : |
Director |
|
Address : |
303/C16, Tulsikunj Society, GIDC Estate, Ankleshwar, Bharuch-393002,
Gujarat, India |
|
Date of Birth/Age : |
01.12.1962 |
|
Qualification : |
M.SC, D.Pharam |
|
Experience : |
22 Years |
|
Date of Appointment : |
27.04.1995 |
|
DIN No.: |
00652806 |
|
|
|
|
Name : |
Mr. Hasmukh Manubhai Kothia |
|
Designation : |
Director |
|
Address : |
406/15, Sardar Patel Society, GIDC Estate, Ankleshwar, Bharuch-393002,
Gujarat, India |
|
Date of Birth/Age : |
01.07.1955 |
|
Qualification : |
B.Sc., D. Pharm. |
|
Experience : |
22 Years |
|
Date of Appointment : |
27.04.1995 |
|
DIN No.: |
01076206 |
|
|
|
|
Name : |
Mr. Ashokkumar Manubhai Kothia |
|
Designation : |
Director |
|
Address : |
4, Navjeevan Co-operative Housing Society, GIDC, Estate, Ankleshwar,
Bharuch-393002, Gujarat, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Qualification : |
B.Sc. |
|
Experience : |
22 Years |
|
Date of Appointment : |
27.04.1995 |
|
DIN No.: |
01076171 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of
Shareholders |
|
No. of Shares |
|
Vasoya Thakershibhai Arun |
|
37773 |
|
Kanani Gordhanbhai Arvind |
|
1000 |
|
Kothia Manubhai Ashok |
|
50000 |
|
Kotadiya Khodabhai Babu |
|
26574 |
|
Kothia Manubhai Babu |
|
70000 |
|
Vora Bhagvanbhai Balu |
|
7773 |
|
Kathiriya Mansukhbhai Bharat |
|
1000 |
|
Kothia Manubhai Chandu |
|
120000 |
|
Malaviya Mohanbhai Chhagan |
|
8182 |
|
Vora Vallabhbhai Dhiru |
|
31893 |
|
Vora Mansukhbhai Dinesh |
|
1000 |
|
Kanani Vaghjibhai Gordhan |
|
1000 |
|
Vasoya Arunbhai Hansaben |
|
30000 |
|
Kothia Chandubhai Hansaben |
|
68313 |
|
Kothia Manubhai Hasmukh |
|
124340 |
|
Savaliya Shambhubhai Hasmukh |
|
5000 |
|
Malaviya Kanjibhai Jagdish |
|
1000 |
|
Bhandari Mansukhbhai Kailashben |
|
15804 |
|
Malaviya Mohanbhai Kanji |
|
13358 |
|
Kothia Hasmukhbhai Ketan |
|
16000 |
|
Vora Vallabhbhai Kishor |
|
3197 |
|
Sheladiya M Magan |
|
31951 |
|
Vora Bhagvanbhai Mansukh |
|
16000 |
|
Kathiriya Vallabhbhai Mansukh |
|
11000 |
|
Kothia Jeevabhai Manu |
|
165761 |
|
Malaviya Mohanbhai Manu |
|
31767 |
|
Kothia Subhash Meenaben |
|
2512 |
|
Vora Bhagvanbhai Nanu |
|
1000 |
|
Kothia Ketan Pratibhaben |
|
8773 |
|
Bhanderi Parshottambhai Pravin |
|
11000 |
|
Nasit Bhagvanbhai Ramesh |
|
500 |
|
Kothia Hasmukhbhai Sanjay |
|
15500 |
|
Kothia Babubhai Subhash |
|
85761 |
|
Patoliya Arvindbhai Suchita |
|
1000 |
|
Gadhiya Bhagvanbhai Valji |
|
1000 |
|
Kothia Ashokbhai Vilas |
|
11000 |
|
Kanani Vaghjibhai Vinu |
|
2000 |
|
Total |
|
1029732 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Pharmaceuticals, Intermediates, Fine Chemicals |
|
|
|
|
Exports : |
|
|
Products : |
Pharmaceuticals, Intermediates, Fine Chemicals |
|
Countries : |
·
Egypt ·
Uk |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
China ·
Egypt |
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Cash / Credit (30 Days / 60 Days) |
|
|
|
|
Purchasing : |
L/C / Cash / Credit (30 Days / 60 Days) |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Bulk Drug Intermediates and Fine Chemicals |
MT |
|
910.00 |
355.09 |
Note:- The above capacity has been absorbed during the year in the manufacturing of own goods as well as under jobwork
GENERAL INFORMATION
|
Suppliers : |
·
Syntor Fine Chemical · Adarsh Hardware and Paints Stores · AH Chemicals Limited · Ajanta Corporation · Ajanta Polymers · Ambica Ice Industries · Akshar Electrics and Electronics · Analpa Industries · Are Enterpries · Ashok Impex · Bansal Marketing · BASP Chemical Products Limited · Bhagyalaxmi Steel Suppliers · Bhavani Hardware · Black Rose Industries Limited · Ganesh Corporation · Gayatri Chemicals Industries · H.B.Chemicals · Hindustan Speciality Chemicals · Jayant Packing Industries · Inter Plastica Private Limited · Kapadia Impex Mumbai · Luna Chemical Industries Private Limited ·
Manali Containers |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
· Agan Aroma and Fine Chemicals Limited · Ami Organics Private Limited · Amneal Pharmaceuticals Company Private Limited · Aniket Pharma Private Limited · Astrix laboratories Limited · Cadila Healthcare Limited · Colourtex Industries Limited · Chandra Life Sciences Private Limited · Dolphin Chem · Dayaram Chemicals Private Limited · Dr. Prems Molecules Private Limited · Hetero Labs Ltd (Unit - III) · IPCA Laboratories Limited · K. Rasiklal Exim Private Limited · Metro Chem API Private Limited (Unit - I) · Piramal Healthcare Limited · Pravin Laboratories Private Limited · Rakshit Pharmaceuticals Limited · Sharon Biomedicine Limited · Siddharth Interchem Private Limited · Survival Technologies Private Limited · Sun Pharmaceutical Industries Private Limited · Suyog Dyechemie Private Limited · Synth Services · Syntor Fine Chemicals Limited, England · ZCL Chemicals Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
27 (Approximately) (In Office – 7
and In Factory - 20) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited Vardhman Complex, Opposite G.E.B Office, Race Cource (North), Vadodara - 390007, Gujarat, India ·
State Bank of Saurashtra, GIDC, Ankleshwar,
Gujarat, India ·
Bank of Baroda |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Cash Credit Rs.29.000 Millions (Form Axis Bank Limited) (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J.R. Kakadiya and Company Chartered Accountants |
|
Address : |
A-205, City Centre, Near Reshambhavan, Lal Darwaja Surat – 395003,
Gujarat, India |
|
Tel. No.: |
91-2646-238241 |
|
Mobile No.: |
91-9925004220 |
|
E-Mail : |
|
|
PAN.: |
AAEFJ8607Q |
|
|
|
|
Firm under common
Control: |
· Shree Ganesh Chemicals · Ashok Pharma Chem |
|
|
|
|
Firm of Relatives
of Director |
· Ashok Impex · Ganesh Corporation |
|
|
|
|
Company under
common Control |
Ankleshwar Research and Analytical Infrastructure Limited |
|
|
|
|
Sister Concern : |
Shree Ganesh Chemicals Address: Plot No.6715,
GIDC Estate, Ankleshwar, District Bharuch, Shree Pigments Private Limited Address: A-1,
405, GIDC, Ankleshwar,
District Bharuch, Gujarat |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1029732 |
Equity Shares |
Rs.10/- each |
Rs.10.297
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 |
10.297 |
10.297 |
7.090 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
38.920 |
29.560 |
9.088 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
49.217 |
39.857 |
16.178 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.569 |
19.752 |
14.681 |
|
|
2] Unsecured Loans |
4.351 |
4.919 |
7.067 |
|
|
TOTAL BORROWING |
19.920 |
24.671 |
21.748 |
|
|
DEFERRED TAX LIABILITIES |
1.391 |
1.102 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
70.528 |
65.630 |
37.926 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
35.872 |
33.399 |
21.608 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.450 |
0.450 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.117
|
9.327 |
10.912 |
|
|
Sundry Debtors |
21.063
|
36.020 |
17.016 |
|
|
Cash & Bank Balances |
11.850
|
1.827 |
4.384 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
11.027
|
15.467 |
4.982 |
|
Total
Current Assets |
58.057
|
62.641 |
37.294 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.419 |
22.826 |
19.549 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
6.482
|
8.034 |
1.950 |
|
Total
Current Liabilities |
23.901
|
30.860 |
21.499 |
|
|
Net Current Assets |
34.156
|
31.781 |
15.795 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.073 |
|
|
|
|
|
|
|
|
TOTAL |
70.528 |
65.630 |
37.926 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
108.142 |
129.337 |
66.699 |
|
|
|
Other Income |
3.214 |
3.031 |
1.985 |
|
|
|
TOTAL |
111.356 |
132.368 |
68.684 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase / Decrease in Stock |
(0.448) |
(0.400) |
(2.686) |
|
|
|
Material Costs |
61.046 |
61.576 |
45.698 |
|
|
|
Manufacturing & Operating Expenses |
13.831 |
21.237 |
5.528 |
|
|
|
Employee's Remuneration & Benefits |
6.474 |
5.388 |
2.853 |
|
|
|
Sales & Administrative Expenses |
11.450 |
16.497 |
9.417 |
|
|
|
Preliminary Expenses |
0.000 |
0.073 |
0.074 |
|
|
|
TOTAL |
92.353 |
104.371 |
60.884 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.003 |
27.997 |
7.800 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.017 |
3.350 |
2.912 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
13.986 |
24.647 |
4.888 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.626 |
8.276 |
1.415 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
9.360 |
16.371 |
3.473 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
25.451 |
9.088 |
5.647 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Advance Carried Forward |
0.000 |
0.008 |
0.032 |
|
|
BALANCE CARRIED
TO THE B/S |
34.811 |
25.451 |
9.088 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.09 |
22.25 |
4.90 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
150.000 |
Expected Sales (2012-13) : Rs.160.000 Millions
The above information has been parted by Mr. Chandubhai Manubhai Kothia
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.41
|
12.37 |
5.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.93
|
19.06 |
7.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.89
|
25.66 |
8.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.62 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.89
|
1.39 |
2.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.43
|
2.03 |
1.73 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors for Goods |
12.514 |
14.180 |
14.757 |
|
Sundry Creditors for Expenses |
4.905 |
8.646 |
4.792 |
|
Total |
17.419 |
22.826 |
19.549 |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
Note:
The registered office of the company has been shifted from Plot No.6715, GIDC
Estate, Ankleshwar, District Bharuch, Gujarat, India to present address
w.e.f.25.04.2007
WORKING AND
OPERATIONS
The company has instelled a new plant for recovery of Sodium Bi-Sulphite for protection of environment
For a better in house atmosphere, the company has Installed LEV (Local Exhaust Ventilation) System during the year for the absorption of in house gasses.
The company has also installed ANF (Agitator Nutch Filter) for the recovery of solvent, not only preventing loss of handling of product, but also protecting the environment. Due to the implementation of the ANF the concern related to solvent evaporation has been reduced by the system wherein filtration under vacuum or pressure can be carried out in closed vessels and solids can be discharged straightaway into drier. Further, Personal safety is maintained and heat transfer surfaces can be provided to maintain filtration temperature. This has also led to considerable saving in manpower and also a saving in solvent recovery. Besides, Company was engaged in the acquisition of a newly formed sister concern with new segment of Pigments to bring it under the same group head of Ganesh Group of Industries.
Facilities in R and D Laboratory have been upgraded through introduction of latest technology analysis equipment like HPLC, GC etc. of reknowned make like Agilent Technologies, Singapore. This would help the company in providing quality products with utmost care.
The company has ensured various measures in improvising material handling and packing activity through the installation and use of AHU equipments.
TRADE REFERENCES
·
Vat Chem, (91-9324966066
Ghanshyam Vasoya, 1305, Shivpuri Tower, Boriwali (West), Mumbai, Maharashtra,
India )
·
Dyaram Chemicals
(91-932005092, 91-22-228022549 Joe Vedmurthu, D-105, Kirshna Nagari)
·
Syntor Fine Chemical
Limited
COMMITMENTS AND
CONTINGENT ASSETS & LIABILITIES
Rs. in Millions
|
Particular |
31.03.2011 |
31.03.2010 |
|
i) Commitments / Contingent Liabilities |
|
|
|
Guarantees issued by banks |
Nil |
Nil |
|
Guarantees issued by the company to others |
Nil |
Nil |
|
Bank Guarantee to CBEC - Customs Guarantee |
1.676 |
1.676 |
|
Counter Guarantee with associate concern |
Nil |
Nil |
|
ii) Claims against company not acknowledged as debt |
Nil |
Nil |
|
iii) Claims by company not acknowledged as debt |
|
|
|
Claim for Delay Payment Int. from Rantus Pharma Private Limited |
Nil |
0.981 |
|
iv) Estimated amount of Contracts remaining to be executed on |
|
|
|
Capital Account and not provided for |
Nil |
Nil |
|
v) Pending Statutory Liabilities |
Nil |
Nil |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24230GJ1995PTC025661 |
|
Name of the
company |
SHREE GANESH REMEDIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.6011, GIDC Estate, Near Aventis Pharma, Ankleshwar-393002, Gujarat, India |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10090137 |
|
Type of charge |
· Book debts ·
Movable property (not being pledge) |
|
Particular of
charge holder |
Axis Bank Limited Vardhman Complex, Opposite G.E.B Office, Race Cource (North), Vadodara - 390007, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of
hypothecation |
|
Date of
instrument Creating the charge |
29.02.02012 |
|
Amount secured by
the charge |
Rs.51.490
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest SIDBI Loan: Rs. 9.990
Millions- ROI 11.50% Rs.5.000 Millions
- ROI 11.00% Rs.7.500 Millions
- ROI 11.00% Terms of Repayment SIDBI Loan: Loan of Rs.9.990
Millions - 20 Installments (19x0.500 Million + 4.90x1) Loan of Rs.5.000
Millions - 60 Installments (59x84000 + 1x44000) Loan of Rs.7.500
Millions - 48 Installments (47x155000 +1x215000) All becoming due
on 10th of each month Axis Bank: CC Rs. 19.000
Millions - on Demand LC Rs. 10.000
Millions - on Demand Margin Axis Bank: LC Rs. 10.000
Millions - 15% Margin CC - 25% on Stock
and 40% on Book Debts Extent and Operation of the charge Extent and
Operation of the Charge is 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All current
assets of the borrower incl. Stocks, raw materials stock in process, finished
and semi finished goods, consumables stores and book debts and all other
receivables etc, both present & future |
|
Date of
instrument modifying the charge |
02.02.2011 |
|
Particulars of
the present modification |
Axis Bank Limited
had vide Letter No.AXISB/VAD/CR/11-12/1613 had permitted SIDBI to create
second charge to the extent of Rs.224.90 lacs over the current assets of the
borrower charged as primary security towards various credit facilities from
Axis Bank Limited, who continues to hold first charge for Rs.29.000 Millions.
Pursuant to the above, SIDBI has hypothecated the said assets on second
charge basis vide hypothecation deed date.29.02.2012. |
FIXED ASSETS
· Plant and Machinery
· Electrical Installation
· Furniture and Fixtures
· ETP Machinery
· Factory Building
· Gas Connection
· Instalation and Erection
· Computer
· Laboratory Equipment
· Air Conditioner
· Motor Car
· Toyota Innova 2.5L VX-7S
· Mobile Instrument
· Telephone Instrument
· Vehicle
· Cycles
· Photocopier Device
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 suject 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.52.70 |
|
|
1 |
Rs.85.71 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
46 |
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.