1. Summary Information
|
|
|
Country |
India |
|
Company Name |
THEON
PHARMACEUTICALS LIMITED |
Principal Name 1 |
Mr. Bal Krishan Bansal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Mukesh Bansal |
|
|
|
Registration # |
53-028465 |
|
Street Address |
# 50,
Sector - 28 A, Chandigarh – 160026 |
||
|
Established Date |
26.05.2005 |
SIC Code |
-- |
|
Telephone# |
91-172-5210200 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-172-5033851 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Pharmaceutical Formulation |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.26,250,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
8 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
589,162,000 |
Current Liabilities |
466,470,000 |
|
Inventories |
180,938,000 |
Long-term Liabilities |
198,785,000 |
|
Fixed Assets |
295,284,000 |
Other Liabilities |
25,776,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
691,031,000 |
|
Invest& other Assets |
50,000 |
Retained Earnings |
348,153,000 |
|
|
|
Net Worth |
374,403,000 |
|
Total Assets |
1,065,434,000 |
Total Liab. & Equity |
1,065,434,000 |
|
Total Assets (Previous Year) |
628,379,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,521,094,000 |
Net Profit |
195,380,000 |
|
Sales(Previous yr) |
1,051,734,000 |
Net Profit(Prev.yr) |
122,625,000 |
MIRA
INFORM REPORT
|
Report Date : |
08.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
THEON PHARMACEUTICALS LIMITED |
|
|
|
|
Registered
Office : |
# 50, Sector - 28 A, Chandigarh – 160026 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.05.2005 |
|
|
|
|
Com. Reg. No.: |
53-028465 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.26.250 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231CH2005PLC028465 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT2692J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical Formulation. |
|
|
|
|
No. of Employees
: |
Not Available |
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 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. It has recorded better growth in its sales turnover and profits during
2012. Trade relations are reported as decent. Business is active. Payment
terms are usually correct and as per commitment. 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.
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 |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
TERM LOAN AND CASH CREDIT : CRISIL BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
24.11.2011 |
|
Rating Agency Name |
CRISIL |
|
Rating |
LETTER OF CREDIT : A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
24.11.2011 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
# 50, Sector - 28 A, Chandigarh – 160026, India |
|
Tel. No.: |
91-172-5210200 |
|
Fax No.: |
91-172-5033851 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No-400, Industrial Area, Phase-1, Panchkula-134113, Haryana, India |
|
Tel. No.: |
91-172-5011077 / 5210200 |
|
Fax No.: |
91-172-5033851 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Village Saini Majra,
Tehsil Nalagarh District Solan, Himachal Pradesh, India |
|
Tel. No.: |
91-1795-309200 / 265303 / 265304 / 669200 |
|
Fax No.: |
91-1795-309295 and 265302 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Bal Krishan Bansal |
|
Designation : |
Director |
|
Address : |
H. No.222, Sector-7, Panchkula, Haryana, India |
|
Date of Birth/Age : |
15.01.1953 |
|
Date of Appointment : |
27.05.2005 |
|
PAN No.: |
ADBPK3195Q |
|
DIN No.: |
00548350 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231CH2005PLC028465 |
THEON
PHARMACEUTICALS LIMITED |
Director |
27/05/2005 |
27/05/2005 |
- |
Active |
NO |
|
2 |
U70100CH2005PTC028911 |
DIPLOMAT
HOTELS PRIVATE LIMITED |
Director |
05/09/2005 |
05/09/2005 |
- |
Strike
off |
NO |
|
3 |
U72900KA2009PTC050123 |
WS RETAIL
SERVICES PRIVATE LIMITED |
Director |
28/02/2011 |
14/02/2011 |
06/09/2012 |
Active |
NO |
|
Name : |
Mr. Mukesh Bansal |
|
Designation : |
Director |
|
Address : |
H. No.222, Sector-7, Panchkula, Haryana, India |
|
Date of Birth/Age : |
18.06.1979 |
|
Date of Appointment : |
27.05.2005 |
|
DIN No.: |
00548369 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231CH2005PLC028465 |
THEON
PHARMACEUTICALS LIMITED |
Director |
27/05/2005 |
27/05/2005 |
Active |
NO |
|
2 |
U21022CH2010PTC032393 |
ISIS
PACKAGING PRIVATE LIMITED |
Director |
12/08/2010 |
12/08/2010 |
Active |
NO |
|
Name : |
Mr. Lajpat Rai Bansal |
|
Designation : |
Whole-time director |
|
Address : |
H. No.222, Sector-7, Panchkula, Haryana, India |
|
Date of Birth/Age : |
01.07.1960 |
|
Date of Appointment : |
10.05.2006 |
|
PAN No.: |
AAUPB5619G |
|
DIN No.: |
00548376 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70100CH2005PTC028911 |
DIPLOMAT
HOTELS PRIVATE LIMITED |
Director |
05/09/2005 |
05/09/2005 |
Strike
off |
NO |
|
2 |
U24231CH2005PLC028465 |
THEON
PHARMACEUTICALS LIMITED |
Whole-time
director |
01/01/2012 |
10/05/2006 |
Active |
NO |
|
3 |
U21022CH2010PTC032393 |
ISIS
PACKAGING PRIVATE LIMITED |
Director |
12/08/2010 |
12/08/2010 |
Active |
NO |
|
Name : |
Mr. Anshul Bansal |
|
Designation : |
Whole-time director |
|
Address : |
H. No.203, Sector-7, Panchkula, Haryana, India |
|
Date of Birth/Age : |
08.03.1985 |
|
Date of Appointment : |
27.05.2005 |
|
PAN No.: |
AIOPB3430B |
|
DIN No.: |
00548418 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231CH2005PLC028465 |
THEON
PHARMACEUTICALS LIMITED |
Whole-time
director |
01/04/2011 |
27/05/2005 |
Active |
NO |
|
2 |
U51397CH2009PTC031474 |
IVA
HEALTHCARE PRIVATE LIMITED |
Director |
06/01/2009 |
06/01/2009 |
Active |
NO |
|
Name : |
Mr. Punit Bansal |
|
Designation : |
Whole-time director |
|
Address : |
H No. 109, Sector-7, Panchkula, Haryana, India |
|
Date of Birth/Age : |
12.08.1984 |
|
Date of Appointment : |
10.05.2006 |
|
DIN No.: |
00548436 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231CH2005PLC028465 |
THEON
PHARMACEUTICALS LIMITED |
Whole-time
director |
01/04/2011 |
10/05/2006 |
Active |
NO |
|
2 |
U51397CH2009PTC031474 |
IVA
HEALTHCARE PRIVATE LIMITED |
Director |
12/01/2009 |
12/01/2009 |
Active |
NO |
|
Name : |
Mr. Manish Bansal |
|
Designation : |
Director |
|
Address : |
H No.64, Sector 28-A, Chandigarh, India |
|
Date of Birth/Age : |
13.11.1978 |
|
Date of Appointment : |
08.07.2005 |
|
DIN No.: |
00548494 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231CH2005PLC028465 |
THEON
PHARMACEUTICALS LIMITED |
Director |
01/04/2009 |
08/07/2005 |
Active |
NO |
|
2 |
U51397CH2009PTC031474 |
IVA
HEALTHCARE PRIVATE LIMITED |
Director |
06/01/2009 |
06/01/2009 |
Active |
NO |
|
3 |
U21022CH2010PTC032393 |
ISIS
PACKAGING PRIVATE LIMITED |
Director |
15/10/2011 |
11/02/2011 |
Active |
NO |
|
Name : |
Mr. Amit Kumar Bansal |
|
Designation : |
Managing director |
|
Address : |
H No.64, Sector 28-A, Chandigarh, India |
|
Date of Birth/Age : |
24.04.1976 |
|
Date of Appointment : |
08.07.2005 |
|
PAN No.: |
ABBPB9319H |
|
DIN No.: |
01183281 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231CH2005PLC028465 |
THEON
PHARMACEUTICALS LIMITED |
Managing
director |
01/04/2011 |
08/07/2005 |
Active |
NO |
|
2 |
U51410CH2006PLC029773 |
BANSI
RAUNAQ ENERGY GROUP LIMITED |
Director |
23/02/2006 |
23/02/2006 |
Active |
NO |
|
3 |
U21022CH2010PTC032393 |
ISIS
PACKAGING PRIVATE LIMITED |
Director |
12/08/2010 |
12/08/2010 |
Active |
NO |
|
Name : |
Ms. Madhu Bansal |
|
Designation : |
Whole-time director |
|
Address : |
H No.64, Sector 28-A, Chandigarh, India |
|
Date of Birth/Age : |
17.06.1953 |
|
Date of Appointment : |
08.07.2005 |
|
PAN No.: |
APSPB7922D |
|
DIN No.: |
02428389 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231CH2005PLC028465 |
THEON
PHARMACEUTICALS LIMITED |
Whole-time
director |
01/04/2010 |
08/07/2005 |
Active |
NO |
|
2 |
U51397CH2009PTC031474 |
IVA
HEALTHCARE PRIVATE LIMITED |
Director |
12/01/2009 |
12/01/2009 |
Active |
NO |
|
Name : |
Ms. Shiana Bansal |
|
Designation : |
Whole-time director |
|
Address : |
H No.64, Sector 28-A, Chandigarh, India |
|
Date of Birth/Age : |
23.06.1982 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
03062085 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231CH2005PLC028465 |
THEON
PHARMACEUTICALS LIMITED |
Whole-time
director |
01/04/2010 |
01/04/2010 |
Active |
NO |
|
2 |
U21022CH2010PTC032393 |
ISIS
PACKAGING PRIVATE LIMITED |
Director |
12/08/2010 |
12/08/2010 |
Active |
NO |
|
Name : |
Ms. Monika Bansal |
|
Designation : |
Whole-time director |
|
Address : |
H No.64, Sector 28-A, Chandigarh, India |
|
Date of Birth/Age : |
23.09.1980 |
|
Date of Appointment : |
08.07.2005 |
|
DIN No.: |
00633294 |
|
|
|
|
Name : |
Mr. Puran Chand Joshi |
|
Designation : |
Whole-time director |
|
Address : |
H No.117/B1, Ward No 2, Model Town, Pinjore, Haryana, India |
|
Date of Birth/Age : |
30.10.1966 |
|
Date of Appointment : |
05.10.2011 |
|
DIN No.: |
05216099 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Amit Kumar Bansal |
|
402000 |
|
Monika Bansal |
|
105000 |
|
Manish Bansal |
|
399000 |
|
Madhu Bansal |
|
406500 |
|
. Bal Krishan Bansal |
|
302250 |
|
Mukesh Bansal |
|
285000 |
|
Punit Bansal |
|
130500 |
|
Lajpat Rai Bansal |
|
174750 |
|
Anshul Bansal |
|
157500 |
|
Brij Bala |
|
262500 |
|
Total |
|
2625000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Formulation. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India ·
Canara Bank, Sco 117-118-119, Sector 17C,
Chandigarh – 160017, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S Kumar Gupta and Associates Chartered Accountants |
|
PAN No.: |
AECPG2057F |
CAPITAL STRUCTURE
As on 31.03.2012
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 |
|
|
|
|
|
|
2625000 |
Equity Shares |
Rs.10/- each |
Rs.26.250
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
26.250 |
17.500 |
17.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
348.153 |
186.743 |
81.646 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
374.403 |
204.243 |
99.146 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
186.385 |
124.586 |
89.355 |
|
|
2] Unsecured Loans |
12.400 |
12.400 |
12.400 |
|
|
TOTAL BORROWING |
198.785 |
136.986 |
101.755 |
|
|
DEFERRED TAX LIABILITIES |
12.014 |
11.476 |
10.063 |
|
|
|
|
|
|
|
|
TOTAL |
585.202 |
352.705 |
210.964 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
295.284 |
174.218 |
150.166 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.050 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
180.938
|
95.697 |
82.274 |
|
|
Sundry Debtors |
439.691
|
306.008 |
176.043 |
|
|
Cash & Bank Balances |
11.613
|
3.907 |
2.372 |
|
|
Other Current Assets |
0.658
|
0.035 |
0.000 |
|
|
Loans & Advances |
137.200
|
48.464 |
27.593 |
|
Total
Current Assets |
770.100
|
454.111 |
288.282 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
412.957
|
239.420 |
176.326 |
|
|
Other Current Liabilities |
53.513
|
23.368 |
3.805 |
|
|
Provisions |
13.762
|
12.886 |
47.436 |
|
Total
Current Liabilities |
480.232
|
275.674 |
227.567 |
|
|
Net Current Assets |
289.868
|
178.437 |
60.715 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.033 |
|
|
|
|
|
|
|
|
TOTAL |
585.202 |
352.705 |
210.964 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1521.094 |
1051.734 |
616.791 |
|
|
|
Other Income |
0.539 |
1.036 |
0.119 |
|
|
|
TOTAL (A) |
1521.633 |
1052.770 |
616.910 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1121.948 |
798.743 |
|
|
|
|
Changes in inventories of finished goods and work-in-progress |
(5.477) |
(1.228) |
|
|
|
|
Employee benefits expenses |
49.305 |
25.629 |
|
|
|
|
Other manufacturing expenses |
52.685 |
39.767 |
|
|
|
|
Administration Expenses |
48.035 |
25.804 |
|
|
|
|
Selling and Distribution Expenses |
25.796 |
13.859 |
|
|
|
|
TOTAL (B) |
1292.292 |
902.574 |
548.489 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
229.341 |
150.196 |
68.421 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.351 |
13.576 |
14.782 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
212.990 |
136.620 |
53.639 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15.682 |
14.130 |
11.282 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
197.308 |
122.490 |
64.921 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.928 |
0.135 |
5.445 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
195.380 |
122.625 |
59.476 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
74.43 |
46.71 |
23.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
12.84 |
11.65 |
9.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.97 |
11.65 |
10.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.52 |
19.49 |
14.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53 |
0.60 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.81 |
2.02 |
3.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.65 |
1.27 |
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 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
CONTINGENT
LIABILITY:
(Rs.
In Millions)
|
Particulars
|
31.03.2012 |
31.03.2011 |
|
Claims against the company not acknowledge
as debt |
0.249 |
0.000 |
|
Inter Corporate Guarantees (for ISIS
Packing Private Limited) |
24.000 |
0.000 |
|
Performance bank Guarantee |
7.332 |
0.000 |
|
Letter of Credit on Capital Goods (LC
opened but goods not received till 31.03.2012) |
1.551 |
0.000 |
|
LC discounted (netted off from debtors) |
1.374 |
0.950 |
FIXED ASSETS:
·
Land and Building
·
Vehicles (Commercial and Passenger)
·
Office and Plant Furniture
·
Computers
·
Lab Items
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.54.98 |
|
|
1 |
Rs.88.11 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.