MIRA
INFORM REPORT
|
Report Date : |
30.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
THERMO FISHER SCIENTIFIC INDIA PRIVATE LIMITED (w.e.f. 02.09.2009) |
|
|
|
|
Formerly Known
As : |
THERMO ELECTRON LLS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
403-404, B Wing, Delphi, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
31.05.2000 |
|
|
|
|
Com. Reg. No.: |
11-126872 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.42.451 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100MH2000PTC126872 |
|
|
|
|
IEC No.: |
0300061374 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT08958F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT3207A |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Thermo Scientific and Fisher Scientific. |
|
|
|
|
No. of Employees
: |
900 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Thermo Fisher India Holding BV,
Netherlands’. It is an established company having moderate track record. Management of the company has failed to file its financial for the
year 2013 with the government department. Even though the company has achieved some growth in its revenue from
operations during 2012, It has incurred heavy loss. There appears huge accumulated losses recorded by the company.
Financial condition of the company appears to be under pressure. However, trade relations are reported as fair. Business is active.
Payments are slow. The company can be considered for business dealings with some
caution. |
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’s current
account deficit narrowed in the quarter ended September as government measures to
curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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
Management Non-Cooperative (91-22-67162200)
LOCATIONS
|
Registered Office : |
403-404, B Wing, Delphi, Hiranadani Business Park, Powai, Mumbai – 400
072, Maharashtra, India |
|
Tel. No.: |
91-22-67162200 / 66802030 / 2015 / 2040 / 66802013 / 66803000 |
|
Mobile No.: |
91-7738376575 (Mr. Anil Agarwal) |
|
Fax No.: |
91-22-67162255 / 67162214 / 67162244 / 66803001 / 02 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
|
|
|
|
Administrative Office : |
101/ 102 Pred Portal, Shivaji Housing Society, Bhamburda, Opposite
Senapati Bapat Road, Pune 411016, Maharashtra, India |
|
Tel. No.: |
91-20-66267000 |
|
Fax No.: |
91-20-66267001 |
|
|
|
|
Factory : |
D-69, MIDC, C Road, Nashik – 422007, Maharashtra, India |
|
Tel. No.: |
91-253-2350460 |
|
Location : |
Leased |
|
|
|
|
Branch Office : |
Locate At · Ahmedabad · Hyderbad · Bangalore · Bhiwandi · Chennai · Kolkata ·
Noida |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Arvind Raghunath Sonawane |
|
Designation : |
Director |
|
Address : |
Flat No B-11003, Shreeji Ville Opposite Nitin Casting Company,
Panchpakhadi, Thane – 400602, |
|
Date of Birth/Age : |
01.06.1951 |
|
Qualification : |
L.L.B., ACS |
|
Date of Appointment : |
31.12.2008 |
|
DIN No.: |
00312102 |
|
|
|
|
Name : |
Mr. Sitharaman Balasubramanian |
|
Designation : |
Director |
|
Address : |
102, 104, Delphi “C” Wing, |
|
Date of Birth/Age : |
31.03.1950 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
30.12.2011 |
|
DIN No.: |
00501620 |
|
|
|
|
Name : |
Mr. Amit Chopra |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 702/802, Building No. 32, Sector 54-56-58, Seawood Estate,
NRI Complex, Nerul, Navi Mumbai – 400 706, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1965 |
|
Qualification : |
MBA |
|
Date of Appointment : |
07.03.2011 |
|
DIN No.: |
01829073 |
|
|
|
|
Name : |
Mr. Narendra V. Arora |
|
Designation : |
Director |
|
Address : |
201, A – Wing, Hillgrange Co-Operative Housing Society, Hiranandani
Estate, |
|
Date of Birth/Age : |
11.05.1971 |
|
Qualification : |
CA |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02666326 |
|
|
|
|
Name : |
Mr. Arun Khanna |
|
Designation : |
Director |
|
Address : |
B-802, |
|
Date of Birth/Age : |
23.06.1963 |
|
Qualification : |
B. Tech, PGDIE (NITIE) |
|
Date of Appointment : |
30.12.2011 |
|
DIN No.: |
03614916 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Agarwal |
|
Designation : |
Finance Controller |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
4245113 |
|
Thermo Fisher Scientific Inc., |
|
1 |
|
Total |
|
4245114 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Thermo Scientific and Fisher Scientific. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Thermo Scientific and Fisher Scientific |
||||||||
|
Countries : |
·
Asia ·
Europe |
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw Material |
||||||||
|
Countries : |
·
US ·
Europe |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cash / Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cash / Credit |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Scientific Instruments |
Nos. |
2,950 |
922 |
|
Chemicals |
Nos. |
-- |
2,686,395 |
|
EID (Air Quality Instruments) |
Nos. |
120 |
28 |
|
|
|
3,070 |
2,687,345 |
Note:
The Company does not have manufacturing unit for producing Chemicals products. Production is carried out by Job working units. Derived Production is net of excess/ shortages and products issued as free samples of 323,560 Nos.
The installed capacity is as certified by the Management and accepted by the Auditors without verification, as this is a technical matter.
GENERAL INFORMATION
|
Customers : |
Wholesaler and Retailers |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
900 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
The Hong Kong and Shanghai Banking Corporation
Limited, 52/60 M G Road, Fort, Mumbai – 400 001, Maharashtra, India ·
State Bank of India, Mumbai, Maharashtra, India ·
HSBC Bank, Fort Branch, Tel.
No.: 91-22-22685555 / 22636666 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
Fund se and Non Fund Base Rs.500.000 Millions (From HSBC Bank) (Rs.
In Millions)
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
PAN.: |
AADFP9359C |
|
|
|
|
Ultimate Holding
Company : |
Thermo Fisher Scientific Inc. U.S. |
|
|
|
|
Holding Company : |
Thermo Fisher India Holding BV Netherlands |
|
|
|
|
Fellow Subsidiaries
: |
· Acros Organics BVB · Fisher Diagnostics · Fisher Global Export · Fisher Bio-Pharma Services India Private Limited · Fisher Scientific Company LLC · Jouan S.A. · Kendro Laboratory Products India Private Limited · Matrix Technologies Corp. · Maybridge Limited · Molecular Bio Products Inc. · Nalge Nunc International · Nunc A/c. - SPRoskilde · Oxoid Limited · Scientific Products (Asia Pacific) Pte. · Cole Parmer India Private Limited · Thermo CRS Limited · Thermo Electron (Bremen) GMBH · Thermo Electron (Erlangen) GMBH · Thermo Fisher Scientific (Hong Kong) · Thermo Electron Corporation, Bellefonte · Thermo Electron Corporation, UK · Thermo Electron Corporation, Cambridge · Thermo Electron GMBH · Thermo Electron India Private Limited · Thermo Electron LED GmbH · Thermo Electron North America LLC · Thermo Electron Oy · Thermo Electron (Karlsruhe) GmbH · Thermo Electron Scientific Instruments LLC, Madison · Thermo Fisher Scientific Inc., Sanjose · Thermo Fisher Scientific Inc., Wilmington · Thermo Fisher Scientific Malaysia · Thermo Fisher Scientific, Milan · Thermo Fisher Hamilton · Thermo Fisher Scientific - Minneapolis · Thermo Fisher Scientific - Sandiego · Thermo Fisher Scientific (Asheville) LLC (Forma) · Thermo Fisher Scientific (Asheville), LLC · Thermo Fisher Scientific (Shanghai) Instrument Company Limited · Thermo Fisher Scientific Inc. Newington (Neslab) · Thermo Fisher Scientific (BID), Rockford · Thermo Fisher Scientific, Austria GmbH · Thermo Fisher Scientific, Franklin · Thermo Fisher Scientific - Winsford · Thermo Fisher Scientific/Informatics · Thermo Gamma Metrics Pty Limited · Thermo Fisher Scientific SPUS Glass · Fisher Scientific UK, Loughborough · Lha-Pha-Pack, GmbH · Abgene Products · Fisher Scientific SIGermany CMS · RM Corp International · Finnzymes Instruments Oy - CDEspoo · Thermo Fisher Scientific (Ecublens) SARL · Thermo Shandon Limited- Runcorn · Richard Allan Scientific · UAB Fernantas · Microgenics Corporation · Thermo Eberline LLC · Phadia · Thermo Fisher Scientific-Pittsburg · Thermo Process Instruments- PIHouston Flow · Fisher Scientific UK- RMUKCP · Hyclone Laboratories, Inc. · Cellomics Inc. · Thermo Fisher Scientific Spa-PIMilan · Thermo Fisher Scientific, (Mississauga) · Thermo Fisher Scientific, Japan |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital : Rs.60.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.49.620 Millions
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4245114 |
Equity Shares |
Rs.10/- each |
Rs.42.451
Millions |
|
|
|
|
|
Reconciliation of the
shares outstanding at the beginning and at the end of reporting period
|
Particular |
No. |
Rs. In Millions |
|
At the beginning of the period |
3,282,467 |
32.825 |
|
Issued during the period |
962,647 |
9.626 |
|
Outstanding at the
end of the period |
4,245,114 |
42.451 |
Rights, preferences and restrictions attached to shares
The Company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of Interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
Shares held by
Holding Company and Ultimate Holding Company
|
Particular |
31.03.2012 |
|
Equity Shares |
|
|
4.245,113 (Previous Year: 3,282,466) Equity Shares held by Thermo Fisher India Holding BV, Netherlands, the Holding Company |
42,451,130 |
|
1 (Previous Year: 1) Equity Share held by Thermo Fisher Scientific Inc., U. S. A, the Ultimate Holding Company |
10 |
Details of shares
held by shareholders holding more than 5% of the aggregate shares in the
Company
|
Particular |
No. |
% holding |
|
Thermo Fisher India Holding BV, Netherlands, the Holding Company |
4,245,113 |
99.99% |
Pursuant to the resolution passed at the Extra Ordinary General Meeting held on November 16, 2011, the Authorised Share Capital of the Company has been increased from Rs. 40,000.000 (divided into 4,000.000 equity shares of Rs. 10 each) to Rs. 60.000,000 (divided into 6,000,000 equity shares of Rs. 10 each).
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
42.451 |
32.825 |
|
(b) Reserves & Surplus |
|
454.064 |
893.522 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
53.696 |
0.002 |
|
Total Shareholders’
Funds (1) + (2) |
|
550.211 |
926.349 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
50.000 |
87.400 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
194.746 |
111.603 |
|
Total Non-current Liabilities (3) |
|
244.746 |
199.003 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
71.002 |
27.361 |
|
(b) Trade payables |
|
1032.669 |
854.651 |
|
(c) Other current
liabilities |
|
792.129 |
744.673 |
|
(d) Short-term provisions |
|
35.921 |
17.008 |
|
Total Current Liabilities (4) |
|
1931.721 |
1643.693 |
|
|
|
|
|
|
TOTAL |
|
2726.678 |
2769.045 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
112.031 |
104.980 |
|
(ii) Intangible Assets |
|
285.608 |
777.131 |
|
(iii) Capital
work-in-progress |
|
3.519 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
116.338 |
208.241 |
|
(e) Other Non-current assets |
|
23.562 |
45.389 |
|
Total Non-Current Assets |
|
541.058 |
1135.741 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
602.389 |
549.357 |
|
(c) Trade receivables |
|
1057.847 |
695.471 |
|
(d) Cash and cash
equivalents |
|
208.092 |
176.021 |
|
(e) Short-term loans and
advances |
|
277.046 |
209.122 |
|
(f) Other current assets |
|
40.246 |
3.333 |
|
Total Current Assets |
|
2185.620 |
1633.304 |
|
|
|
|
|
|
TOTAL |
|
2726.678 |
2769.045 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
26.930 |
|
|
2] Share Application Money |
|
|
0.002 |
|
|
3] Reserves & Surplus |
|
|
3290.100 |
|
|
4] (Accumulated Losses) |
|
|
(1882.084) |
|
|
NETWORTH |
|
|
1434.948 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
58.643 |
|
|
TOTAL BORROWING |
|
|
58.643 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1493.591 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1134.367 |
|
|
Capital work-in-progress |
|
|
18.873 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
322.907 |
|
|
Sundry Debtors |
|
|
394.106 |
|
|
Cash & Bank Balances |
|
|
186.351 |
|
|
Other Current Assets |
|
|
19.050 |
|
|
Other Non-Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
454.004 |
|
Total
Current Assets |
|
|
1376.418 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
836.580 |
|
|
Other Current Liabilities |
|
|
113.775 |
|
|
Provisions |
|
|
85.712 |
|
Total
Current Liabilities |
|
|
1036.067 |
|
|
Net Current Assets |
|
|
340.351 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1493.591 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3484.605 |
2370.616 |
1857.568 |
|
|
|
Commission Income |
0.000 |
0.000 |
184.223 |
|
|
|
Other Income |
93.373 |
42.638 |
40.669 |
|
|
|
TOTAL (A) |
3577.978 |
2413.254 |
2082.460 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
964.199 |
783.574 |
|
|
|
|
Purchase of Traded Goods |
1220.947 |
1056.448 |
|
|
|
|
Purchase of Traded Goods on acquisition |
0.000 |
2.307 |
|
|
|
|
Charges in inventories Finished
Goods, |
(36.503) |
(210.648) |
2730.040 |
|
|
|
Employee Benefits Expense |
663.111 |
494.630 |
|
|
|
|
Impairment Loss and Fixed Assets |
0.000 |
16.026 |
|
|
|
|
Other Expenses |
937.697 |
891.271 |
|
|
|
|
TOTAL (B) |
3749.451 |
3033.608 |
2730.040 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(171.473) |
(620.354) |
(647.580) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
37.596 |
22.790 |
2.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(209.069) |
(643.144) |
(649.998) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
535.548 |
413.533 |
389.532 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(744.617) |
(1056.677) |
(1039.530) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
3.753 |
2.797 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(744.617) |
(1060.430) |
(1042.327) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(2942.514) |
(1882.084) |
(839.757) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(3687.131) |
(2942.514) |
(1882.084) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
53.506 |
67.335 |
39.977 |
|
|
|
Commission Earnings |
354.254 |
188.231 |
184.223 |
|
|
|
Sales of Services |
0.070 |
0.532 |
3.622 |
|
|
|
Marketing Support Services |
85.824 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
493.654 |
256.098 |
227.822 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
142.965 |
141.708 |
|
|
|
|
Traded Goods |
722.874 |
544.216 |
|
|
|
|
SAP Development Cost |
0.000 |
21.923 |
16.030 |
|
|
TOTAL IMPORTS |
865.839 |
707.847 |
476.276 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
202.34 |
366.51 |
387.05 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(20.81)
|
(43.94) |
(50.05) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(21.37)
|
(44.57) |
(55.96) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(24.98)
|
(31.10) |
(41.40) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.35)
|
(1.14) |
(0.72) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.22
|
0.12 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
0.99 |
1.33 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM BORROWING
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Kendro Laboratory Products India Private Limited |
27.400 |
0.000 |
NA |
|
Cole Parmer India Private Limited |
10.000 |
0.000 |
NA |
|
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 |
No |
|
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 |
No |
|
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 |
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 |
TRADE REFERENCES
·
Dr. Reddy’s Laboratories
Limited
CONTINGENT
LIABILITIES
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
Guarantees given by banks on behalf of the Company |
128.204 |
86.422 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90364583 |
17/06/2002 |
4,500,000.00 |
UNION BANK OF INDIA |
VIKHROLI BRANCH, L.B.S. MARG, MUMBAI, MAHARASHTRA, INDIA |
- |
|
2 |
90364576 |
02/05/2002 |
1,600,000.00 |
UNION BANK OF INDIA |
VIKHROLI BRANCH, L.B.S. MARG, MUMBAI, MAHARASHTRA, INDIA |
- |
|
|
|
|
|
|
|
|
* Date of charge modification
FIXED ASSETS
·
Leasehold Land
·
·
Computers
·
Furniture and Fixtures
·
Leasehold improvements
·
Office Equipments
·
Plant and Machinery
·
Vehicles
·
Technical Know how
·
Software
·
Goodwill
·
Trademark
·
Copyrights
·
Licenses
·
Trade Name
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.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.