1. Summary Information
|
|
|
Country |
|
|
Company Name |
NAPROD LIFE
SCIENCES PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashok Jain |
|
Status |
Dormant |
Principal Name 2 |
Mr. Mohan Jain |
|
|
|
Registration # |
11-057496 |
|
Street Address |
304, Town
Centre, 3rd Floor, Andheri – |
||
|
Established Date |
30.07.1990 |
SIC Code |
-- |
|
Telephone# |
91-22-42142700 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-66490036 |
Business Style 2 |
Exporter |
|
Homepage |
www.naprodgroup.com |
Product Name 1 |
Parenterals |
|
# of employees |
350 (Approximately) |
Product Name 2 |
Tablets |
|
Paid up capital |
Rs.30,000,000/- |
Product Name 3 |
Capsules Formulations |
|
Shareholders |
Directors or relatives of directors – 100% |
Banking |
ICICI Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
23 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
C |
|
Related
Company |
|||
|
Relation
|
Country |
Company
Name |
CEO |
|
Associates/Subsidiaries L |
-- |
Mira Clause Pharma Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2008 (Unaudited) |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
275,000,000 |
Current Liabilities |
58,000,000 |
|
Inventories |
33,000,000 |
Long-term Liabilities |
80,000,000 |
|
Fixed Assets |
140,000,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
138,000,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
280,000,000 |
|
|
|
Net Worth |
310,000,000 |
|
Total Assets |
448,000,000 |
Total Liab. & Equity |
448,000,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2008 (Unaudited) |
(Unit: Indian Rs.) |
|
|
Sales |
380,000,000 |
Net Profit |
69,300,000 |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
NAPROD LIFE SCIENCES PRIVATE LIMITED (w.e.f.07.12.2006) |
|
|
|
|
Formerly Known
As : |
NEON ANTIBIOTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
304, Town Centre, 3rd Floor, Andheri – |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2008 (Unaudited) |
|
|
|
|
Date of
Incorporation : |
30.07.1990 |
|
|
|
|
Com. Reg. No.: |
11-057496 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230mh1990ptc057496 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
mumn04316e |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Parenterals, Tablets, Capsules
Formulations and General / Sterile API’s. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dormant |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject has been declared as dormant by the government department. The
company has not filed its financials with the government department since
2006. Mr. Ketan Shah finance head provided us, with all the information and
also claimed that business is active. However, financial are not verified in
absence of financials. Payment terms are unknown. Since that status of the company is shown as dormant. It can be
considered for business dealings on a safe and secured trade terms and
condition. |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Ketan Shah |
|
Designation : |
Finance Head |
|
Contact No.: |
91-22-42142700 |
|
Date : |
17.04.2013 |
LOCATIONS
|
Registered / Corporate Office : |
304, Town Centre, 3rd Floor, Andheri – |
|
Tel. No.: |
91-22-42142700/ 40939000/ 01/ 66490034/ 37 |
|
Mobile No.: |
91-9320720397 (Mr. Ketan Shah) |
|
Fax No.: |
91-22-66490036/ 40939060 |
|
E-Mail : |
salakha.mane@naprodgroup.com |
|
Website : |
www.naprodgroup.com |
|
Area: |
1500 sq ft |
|
Location : |
Owned |
|
|
|
|
factory : |
G/17/1, MIDC, Tarapur, Boisar, Thane – 401 506, Maharashtra, India |
|
Area: |
3600 sq. ft. |
|
Location : |
Leased |
DIRECTORS
AS ON 26.10.2006
|
Name : |
Mr. Ashok Jain |
|
Designation : |
Director |
|
Address : |
15, Samhita CHS Limited, |
|
Date of Birth/Age : |
13.09.1957 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
25.03.1996 |
|
|
|
|
Name : |
Mrs. Kamla Babulal Jain |
|
Designation : |
Director |
|
Address : |
B-83, |
|
Date of Birth/Age : |
10.12.1947 |
|
Qualification: |
F.Y.B.Com |
|
Date of Appointment : |
25.03.1996 |
|
Voter ID No.: |
MT/09/042/007 |
|
|
|
|
Name : |
Mr. Mohan Jain |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Ketan Shah |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.10.2006
|
Names of Shareholders |
No. of Shares |
|
Uttam K. Jain |
63480 |
|
Pravin K. Jain |
15620 |
|
Babulal K. Jain |
28000 |
|
Ashok K. Jain |
127390 |
|
Babulal K. Jain (HUF) |
50150 |
|
Ashok K. Jain (HUF) |
17850 |
|
Chanchal Jain |
95400 |
|
Karla B. Jain |
109150 |
|
|
200500 |
|
Manish Jain |
27600 |
|
Mohan Jain |
58500 |
|
Meena Jain |
100900 |
|
Sunita Jain |
84742 |
|
Uttam K. Jain (HUF) |
54700 |
|
Abhay Jain |
62792 |
|
Rahul Jain |
67192 |
|
Prachi Jain |
125092 |
|
Pravin K. Jain (HUF) |
9750 |
|
Rohan Jain |
54792 |
|
Jain Pravin-Hira and Company, |
15150 |
|
Jain B. Manish (N.AG) |
11500 |
|
Sangeeta Jain |
109350 |
|
Aarya Jain |
100 |
|
Nisal Jain |
100 |
|
Niyati Jain |
10100 |
|
Mohan B. Jain (HUF) |
100 |
|
TOTAL
|
1500000 |
AS ON 26.10.2006
|
Equity Shares
Break Up |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Parenterals, Tablets, Capsules
Formulations and General / Sterile API’s. |
|
|
|
|
Products : |
·
Anaesthetics and Allied Products ·
Antineoplast Products ·
Corticosteroids and Hormons Products ·
Antibacterials Products ·
Antitubercular Products ·
Gynaecological Products ·
Analgesic and Antipyratic Products ·
Cardiovascular Products ·
Vitamin, Haematinic and Mineral Preparations ·
Antihistamine, Cough and Cold Preparations ·
Other Specialities
|
|
|
|
|
Exports : |
|
|
Countries : |
·
Iran ·
Bangladesh ·
UK ·
Philippine ·
Africa ·
Singapore ·
Sri Lanka |
|
|
|
|
Imports : |
|
|
Products : |
·
Raw Materials |
|
Countries : |
·
Korea ·
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
PRODUCTION STATUS (AS ON 31.03.2006)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Injections |
(Nos.) I (In
Lacs) |
230.00 |
81.83 |
|
Capsules |
(Nos.) I (In
Lacs) |
210.00 |
5.36 |
|
Tablets |
(Nos.) I (In
Lacs) |
350.00 |
305.31 |
|
Bulk Drugs |
Kgs. |
18000.00 |
3430.78 |
GENERAL INFORMATION
|
Customers : |
·
End Uses |
||||||||||
|
|
|
||||||||||
|
No. of Employees : |
350 (Approximately) |
||||||||||
|
|
|
||||||||||
|
Bankers : |
|
||||||||||
|
|
|
||||||||||
|
Facilities : |
|
||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sohan S. jain and
Company Chartered Accountants |
|
Address : |
301, Verma Chambers, 11, |
|
PAN No.: |
AACPJ4845Q |
|
|
|
|
Associates/Subsidiaries : |
·
Mira Clause Pharma Private Limited ·
Mac Chem Products India Private Limited |
CAPITAL STRUCTURE
AS ON 26.10.2006
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000
millions |
|
|
|
|
|
AS ON 31.03.2008
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.30.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET (unaudited)
|
SOURCES OF FUNDS |
|
|
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
280.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
310.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
80.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
80.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
390.000 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
140.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
33.000 |
|
|
Sundry Debtors |
|
|
159.000 |
|
|
Cash & Bank Balances |
|
|
49.000 |
|
|
Other Current Assets |
|
|
67.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
308.000 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
58.000 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
58.000 |
|
|
Net Current Assets |
|
|
250.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
390.000 |
|
PROFIT & LOSS
ACCOUNT (unaudited)
|
|
PARTICULARS |
|
|
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
380.000 |
|
|
|
Other Income |
|
|
8.500 |
|
|
|
TOTAL (A) |
|
|
388.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
|
|
120.000 |
|
|
|
Other Expenditure |
|
|
153.100 |
|
|
|
TOTAL (B) |
|
|
273.100 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
115.400 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
8.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
107.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
7.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
100.000 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
|
|
30.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
69.300 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
|
|
144.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
23.10 |
|
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
1120.000 |
930.000 |
650.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 1500.000 Millions
The above information has been parted by Mr. Ketan Shah.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2008 (unaudited) |
|
PAT / Total Income |
(%) |
|
|
17.84
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
26.32
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
22.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
5.31 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
one 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 |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 146, Damji Shamji Industrial Compound, Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra to the present address w.e.f. 01.12.2006.
FIXED ASSETS
· Leasehold Land
· Factory Building
· Furniture Fixture
· Office Equipment
· Computer
· Motar Car
· Electric Installation
· Material Handling Equipment
· Laboratory Equipment
· Water Purification System
· Plant and Machinery
· Boiler
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 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 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. 53.92 |
|
|
1 |
Rs. 82.76 |
|
Euro |
1 |
Rs. 71.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
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.