MIRA
INFORM REPORT
|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
EMCURE PHARMACEUTICALS LIMITED |
|
|
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Registered
Office : |
‘Emcure House’, T
– 184, MIDC, Bhosari, Pune – 411026, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 (Profit and Loss A/c) |
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Date of
Incorporation : |
16.04.1981 |
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Com. Reg. No.: |
25-024251 |
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Capital Investment
/ Paid-up Capital : |
Rs. 351.657 Millions (As on 31.03.2011) |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231PN1981PLC024251 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE00094D |
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PAN No.: [Permanent Account No.] |
AAACE4574C |
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Legal Form : |
A Closely Held
Public Limited Liability Company |
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|
Line of Business
: |
Manufacturer and
Marketing of Pharmaceuticals such as Antibiotics, Herbal, Bacteriological and
Biological Products. |
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|
No. of Employees
: |
4500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 16447000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well established company having a good track record. The company has shown better improvement in its operations and profits
during 2012. The balance sheet is not available. However, trade relations are reported as decent. Business is active.
Payment terms are regular and as per commitments. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A+ [Long Term Bank Facilities] |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
July 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A1 [Short Term Bank Facilities] |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
July 2013 |
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. Gaurav Pancholia |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-20-30610000 |
|
Date : |
23.07.2013 |
LOCATIONS
|
Registered
Office : |
‘Emcure House’, T
– 184, MIDC, Bhosari, Pune – 411026, Maharashtra, India |
|
Tel. No.: |
91-20-30610000 |
|
Fax No.: |
91-20-30610111 |
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E-Mail : |
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|
Website : |
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Area : |
50000 Sq. ft. |
|
Location : |
Owned |
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|
|
Manufacturing
Units : |
API Manufacturing Plot No. D – 24, M.I.D.C., Kurkumbh, Taluka Daund, District Pune -
413802, Tel No.: 91-2117-305000/ 235742 Fax No.: 91-2117-235743 Formulations – Injectables Plot P – 1, MIDC,
Hinjewadi, Pune – 411057, Tel No.: 91-20-39821300 Fax No.: 91-20-39821400 Formulations – Solids 1.
C
– 10/12, M.I.D.C., Bhosari, Pune – 411026, 2.
Plot
P-II, MI.D.C. Hinjwadi, Pune 411057, Maharashtra, India Tel No.: 91-20-39821300 Fax No.: 91-20-39821340 Small Batch Manufacturing Plot P-II, IT-BT
Park, MI.D.C. Hinjwadi, Pune - 411057,
Maharashtra, India Tel No.: 91-20-39821300 Fax No.: 91-20-39821444 |
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|
|
|
R and D
Centers : |
API R and D Plot 12/2, F – II
Block, M.I.D.C., Pimpri, Pune – 411018, Tel No.: 91-20-30613000 Fax No.: 91-20-30613056 Plot P-II, IT-BT
Park M.I.D.C. Hinjwadi, Pune - 411057,
Maharashtra, India Tel No.: 91-20-39821350 Fax No.: 91-20-39821445 Formulation R and D T 184, M.I.D.C,
Bhosari, Pune – 411026, Maharashtra, India Tel No.: 91-20-30610000 Fax No.: 91-20-30610222 Biotechnology R and D Plot No. I, IT-BT
Park M.I.D.C. Hinjwadi, Pune - 411057, Maharashtra, India Tel No.: 91-20-39821300 Fax No.: 91-20-39821441 |
DIRECTORS
AS ON 10.08.2012
|
Name : |
Mr. Hamayun Raja
Dhanrajgir |
|
Designation : |
Director |
|
Address : |
Flat No. F –
37/38, Dhanraj Mahal, CSM Road, Apollo Bunder, Mumbai – 400039, Maharashtra,
India |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
23.09.2000 |
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DIN No.: |
00004006 |
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|
|
|
Name : |
Dr. Mukund Keshav
Gurjar |
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Designation : |
Whole Time
Director |
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Address : |
Bungalow C – II /
2, NCL Colony, |
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Date of
Birth/Age : |
28.08.1952 |
|
Qualification
: |
M. Sc., Ph. D. |
|
Date of
Appointment : |
28.08.2012 |
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Voter ID No.: |
DRD0732172 |
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DIN No.: |
00026843 |
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|
|
|
Name : |
Mr. Mahesh
Nathalal Shah |
|
Designation : |
Whole Time
Director (Technical) |
|
Address : |
303, Abhinav
Sankul, Plot No. 1A, Survey No. 132, Aundh, Pune – 411007, |
|
Date of
Birth/Age : |
03.10.1953 |
|
Qualification
: |
M. Sc. |
|
Date of
Appointment : |
15.06.2011 |
|
Voter ID No.: |
MT/ 42/ 246/ 0777545 |
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DIN No.: |
00118341 |
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|
|
|
Name : |
Mr. Satish
Ramanlal Mehta |
|
Designation : |
Managing Director |
|
Address : |
4, Mumbai – |
|
Date of
Birth/Age : |
13.01.1951 |
|
Date of
Appointment : |
01.04.2012 |
|
Qualification
: |
M. Sc., M.B.A.
[IIMA] |
|
Voter ID No.: |
FGD0962068 |
|
DIN No.: |
00118691 |
|
|
|
|
Name : |
Mr. Arunkumar Purushotamalal
Khanna |
|
Designation : |
Whole Time
Director |
|
Address : |
Clover Hills,
Bungalow No.63, Nibm Road, Kondhwa, Pune – 411048, Maharashtra, India |
|
Date of
Birth/Age : |
09.07.1952 |
|
Qualification
: |
B. Sc, M.A. (Eco) |
|
Date of Appointment
: |
05.01.2010 |
|
DIN No.: |
00121686 |
|
|
|
|
Name : |
Mr. Berjis Minoo
Desai |
|
Designation : |
Director |
|
Address : |
Yezerina II, 740/
741, Parsi Colony Road No. 5, Dadar, Mumbai – 400014, |
|
Date of
Birth/Age : |
02.08.1956 |
|
Qualification
: |
LLM |
|
Date of
Appointment : |
03.04.1997 |
|
DIN No.: |
00153675 |
|
|
|
|
Name : |
Mr. Shreekant
Krushnaji Bapat |
|
Designation : |
Director |
|
Address : |
Yashodhan, II Floor,
United Western CHS, Karve Nagar, Pune - 411052, Maharashtra, India |
|
Date of
Birth/Age : |
06.10.1937 |
|
Date of
Appointment : |
26.06.1999 |
|
DIN No.: |
00621568 |
|
|
|
|
Name : |
Mr. Amit
Mahendrakumar Dixit |
|
Designation : |
Nominee Director |
|
Address : |
Thakur Niwas,
Flat No. 21, 173, |
|
Date of
Birth/Age : |
26.01.1973 |
|
Date of
Appointment : |
01.03.2011 |
|
Qualification
: |
|
|
DIN No.: |
01798942 |
|
|
|
|
Name : |
Mr. Marvin Stanly
Samson |
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Designation : |
Director |
|
Address : |
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|
Date of
Birth/Age : |
20.06.1941 |
|
Date of
Appointment : |
27.08.2007 |
|
DIN No.: |
01824691 |
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|
|
|
Name : |
Mr. Vikas Madan
Thapar |
|
Designation : |
Alternate
Director |
|
Address : |
Prasanna 4 Mumbai
Pune Road, Pune-411003, Maharashtra, India |
|
Date of
Birth/Age : |
27.04.1974 |
|
Qualification
: |
B. Sc., MBA
(Finance and Operation) |
|
Date of Appointment
: |
27.01.2012 |
|
DIN No.: |
02617012 |
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|
|
|
Name : |
Mr. Girish
Laxmikant Telang |
|
Designation : |
Director |
|
Address : |
401, Sagar
Dardhan, 4th Floor, Worli Sea Face, Mumbai – 400030, Maharashtra,
India |
|
Date of
Birth/Age : |
28.11.1949 |
|
Date of
Appointment : |
27.04.2012 |
|
DIN No.: |
00455125 |
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|
|
|
Name : |
Mr. Mukund
Pandurang Ranade |
|
Designation : |
Whole-Time
Director |
|
Address : |
C-503, Pride
Panorama Senapati Bapat Marg, Pune – 411016, Maharashtra, India |
|
Date of
Birth/Age : |
30.04.1956 |
|
Date of
Appointment : |
29.06.2012 |
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DIN No.: |
00109845 |
KEY EXECUTIVES
|
Name : |
Mr. Kedar Purshottam Phadke |
|
Designation : |
Secretary |
|
Address : |
D-4, Arvind Complex, |
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Date of Birth/Age : |
31.08.1966 |
|
Date of Appointment : |
19.11.2010 |
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Pan No.: |
ABQPP3732P |
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|
|
|
Name : |
Mr. Gaurav |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.07.2011
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 10.08.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
15.39 |
|
Directors
or relatives of directors |
|
53.89 |
|
Other
top fifty shareholders |
|
30.72 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Marketing of Pharmaceuticals such as Antibiotics, Herbal, Bacteriological and
Biological Products. |
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Products : |
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Brand Names : |
“EMCURE” |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
USA |
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Imports : |
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Products : |
Raw material |
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Countries : |
· USA · China |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit and Depend
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Licensed Capacity (In Lakhs) |
Installed Capacity (In Lakhs) |
Actual Production (In Lakhs) |
|
|
|
|
|
|
|
Capsules |
Numbers |
10000.00 |
10750.00 |
1438.42 |
|
Tablets |
Numbers |
50000.00 |
68395.00 |
47689.51 |
|
API |
Kilograms |
NA |
5.97 |
2.00 |
|
Injectibles |
Vials |
NA |
1570.00 |
146.83 |
|
Liquid |
Bottle |
NA |
237.60 |
97.37 |
|
Ointments |
Tubes |
-- |
-- |
56.23 |
|
Others |
-- |
-- |
-- |
32.47 |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
4500 (Approximately) |
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Bankers : |
·
Bank of
Maharashtra, Tejsingh Building, 35/B, Mumbai Pune Highway, Depodi, Pune –
411012, Maharashtra, India ·
The
Saraswat Co-operative Bank Limited, Nana Chowk, Bombay – 400007, Maharashtra,
India ·
Export
–Import Bank of India, Centre One Building, 21st Floor, World
Trade Centre Complex, Cuffe Parade, Mumbai-400005, Maharashtra, India ·
Axis
Bank Limited, 2nd Floor, E Axis House, Bombay Dyeing Mill
Compound, P. B. Marg, Worli, Mumbai-400025, Maharashtra, India ·
ABN
Amro Bank N.V., 327, M.G. Road Camp, Pune-411001, Maharashtra, India ·
The
Bank of Maharashtra Limited, Lokmangal, 1501, Shivaji Nagar, Pune – 411005,
Maharashtra, India ·
Housing
Development Finance Corporation Limited, Ramon House, 169, Backbay Reclamation,
HT Parekh Marg, Mumbai-400020, Maharashtra, India ·
State
Bank of India, Industrial Finance Branch, Tara Chamber, 2nd Floor,
Mariaai Police Chowky, Pune-Mumbai Highway, Wakdewadi, Pune-411003,
Maharashtra, India ·
Indusind
Bank Limited, 2401, Gen Timmayya Road, Contonment, Pune-411001, Maharashtra,
India ·
BNP
Paribas Bank, French Bank Building, 62, Homji Street, Fort, Mumbai-400001,
Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Price Waterhouse
and Company Chartered
Accountants |
|
Address : |
252, Veer
Savarkar Marg, Shivaji Park, Dadar, Mumbai - 400021, Maharashtra, India |
|
PAN No: |
AAEFP3641G |
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|
|
|
Subsidiaries : |
·
Emcure Brasil
Representacao Commercial Farmaceutica Ltda ·
Emcure Nigeria
Limited ·
Emcure
Pharmaceutical Mena FZ LLC ·
Emcure
Pharmaceutical South Africa Pty Limited · Emcure Pharmaceuticals USA Inc. ·
Gennova
Biopharmaceuticals Limited CIN No.:
U24231PN2001PLC016253 ·
Heritage Pharma
Holdings Inc. ·
Zuventus
Healthcare Limited CIN No.:
U85320PN2002PTC018324 ·
Emcure
Infotech Limited CIN No.:
U72100PN2000PTC015368 ·
Emcure Pharmaceuticals Holdings Inc. (Merged with
Heritage Pharma Holdings Inc. on April 29, 2011) |
|
|
|
|
Step-Down Subsidiary : |
· Heritage Pharmaceuticals Inc (Subsidiary of Heritage Pharma Holding Inc) |
|
|
|
|
Other Related Parties : |
·
Falcon
Enterprises ·
H.M. Sales
Corporation ·
Uth Beverages
Factory Private Limited ·
Uth Healthcare
Private Limited ·
Uth Wellness
Products Limited |
CAPITAL STRUCTURE
AFTER 10.08.2012
Authorised Capital: Rs. 1200.000 Millions
Issued, Subscribed & Paid-up Capital: Rs. 452.130
Millions
AS ON 31.03.2011
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs. 10/- each |
Rs. 400.000 Millions |
|
20000000 |
Preference Shares
|
Rs. 10/- each |
Rs. 200.000 Millions |
|
|
Total |
|
Rs. 600.000 Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35165689 |
Equity Shares |
Rs. 10/- each |
Rs.351.657 Millions |
|
|
|
|
|
NOTES:
OF THE ABOVE:
1. 24,014,046
equity shares were allotted as fully paid-up bonus shares by way of
capitalization of Reserves.
2. 967,498 equity shares
have been issued as fully paid-up shares pursuant to the Scheme of Amalgamation
for consideration other than cash.
3. During the year
4,300,154 Equity Shares have been issued as fully paid up shares pursuant to
conversion of optionally convertible redeemable preference shares into equity
shares of Rs. 10 each]
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
351.657 |
487.971 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
3760.134 |
3161.711 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
4111.791 |
3649.682 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
4321.400 |
3485.554 |
|
|
2] Unsecured Loans |
|
285.248 |
200.119 |
|
|
TOTAL BORROWING |
|
4606.648 |
3685.673 |
|
|
DEFERRED TAX LIABILITIES |
|
424.911 |
190.512 |
|
|
|
|
|
|
|
|
TOTAL |
|
9143.350 |
7525.867 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
5153.271 |
3543.943 |
|
|
Capital work-in-progress |
|
933.930 |
1754.662 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
776.272 |
770.561 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1623.466
|
1344.737 |
|
|
Sundry Debtors |
|
1753.753
|
1416.905 |
|
|
Cash & Bank Balances |
|
109.750
|
44.950 |
|
|
Other Current Assets |
|
155.215
|
103.939 |
|
|
Loans & Advances |
|
1594.183
|
1437.479 |
|
Total
Current Assets |
|
5236.367
|
4348.010 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
1856.797
|
1715.220 |
|
|
Other Current Liabilities |
|
909.615
|
1028.018 |
|
|
Provisions |
|
190.078
|
148.071 |
|
Total
Current Liabilities |
|
2956.490
|
2891.309 |
|
|
Net Current Assets |
|
2279.877
|
1456.701 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
9143.350 |
7525.867 |
|
Note: Balance Sheet for the year 2012 is not available only
Profit and Loss A/c is available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12367.500 |
9557.920 |
7659.622 |
|
|
|
Other Income |
181.810 |
134.060 |
202.809 |
|
|
|
TOTAL (A) |
12549.310 |
9691.980 |
7862.431 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
5077.380 |
4119.440 |
|
|
|
|
Purchases of stock-in-trade |
553.420 |
237.530 |
|
|
|
|
Changes in Inventories of Finished Goods, Work-in-progress and
stock-in-trade |
(169.150) |
(145.220) |
4747.448 |
|
|
|
Employee benefit Expenses |
1907.960 |
1543.890 |
|
|
|
|
Other Expenses |
2739.090 |
2262.900 |
|
|
|
|
Exceptional Item |
0.170 |
0.000 |
|
|
|
|
TOTAL (B) |
10108.870 |
8018.540 |
4747.448 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2440.440 |
1673.440 |
3114.983 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
628.260 |
453.860 |
293.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1812.180 |
1219.580 |
2821.863 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
456.440 |
392.830 |
302.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1355.740 |
826.750 |
2519.413 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
151.430 |
254.600 |
795.404 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1204.310 |
572.150 |
1724.009 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
(1225.455) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Final Dividend |
NA |
NA |
87.914 |
|
|
|
Tax on Proposed Final Dividend |
NA |
NA |
11.551 |
|
|
|
Transfer to General Reserve |
NA |
NA |
149.194 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
249.895 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
7028.800 |
5074.750 |
4151.540 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials
and Packing Materials |
2765.570 |
2210.240 |
1249.000 |
|
|
|
Finished Goods |
2.100 |
7.540 |
|
|
|
|
Capital Goods |
220.360 |
185.670 |
166.484 |
|
|
TOTAL IMPORTS |
2988.030 |
2403.450 |
1415.484 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
36.44 |
17.31 |
55.86 |
|
|
|
Diluted |
36.44 |
17.31 |
49.03 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
13250.000 |
|
|
|
|
|
The above information has been parted by Mr. Gaurav Pancholia [Finance
Manager]
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
9.60
|
5.90
|
21.93
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.96
|
8.65
|
32.89
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
7.96
|
31.92
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.20
|
0.69
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA
|
1.12
|
1.01
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
1.77
|
1.50
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT : NOT AVAILABLE
|
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 |
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 |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATION DETAILS
|
CS (OS) 2830/2011
and IA No. 18820/2011 (Under Order 39 Rule 1 and 2 CPC) Dong-A Pharma
Company Limited …………. Plaintiff Through: Ms. T.
Saukshnya, Adv. Versus Emcure
Pharmaceuticals Limited ……..Defendant Through: Ms.
Rajeshwari, Adv. CORAM: HON’BLE MR. JUSTICE
P.K. BHASIN ORDER 02.05.2013 At joint
request, adjourned to 19th November, 2013. P.K. Bhasin, J. May 02, 2013 Neelam |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10388115 |
08.11.2012 |
1,104,000,000.00 |
Axis Bank Limited |
2nd Floor-E, Axis House, Bombay Dyeing Mill Compound, P.B. Marg,
Worli, Mumbai - 400025, Maharashtra, India |
B62610936 |
|
2 |
10366726 |
26.07.2012 |
400,000,000.00 |
Axis Bank Limited |
2nd Floor-E, Axis House, Bombay Dyeing Mill Compound, P.B. Marg,
Worli, Mumbai – 400025, Maharashtra, India |
B44253698 |
|
3 |
10343704 |
22.03.2012 |
600,000,000.00 |
Axis Bank Limited |
2nd Floor - E, Axis House, Bombay Dyeing Mill Compound, P. B. Marg,
Worli, Mumbai - 400025, Maharashtra, India |
B35635275 |
|
4 |
10321886 |
20.10.2011 |
340,000,000.00 |
Housing Development Finance Corporation Limited |
Ramon House 169 Backbay Reclamation, H T Parekh Marg, Mumbai - 400020,
Maharashtra, India |
B27278274 |
|
5 |
10275233 |
23.03.2011 |
276,000,000.00 |
Axis Bank Limited |
Credit Management Centre, 214/215, City Mall, Near Pune University, Pune
– 411007, Maharashtra, India |
B08524878 |
|
6 |
10265084 |
02.02.2011 |
1,000,000,000.00 |
Axis Bank Limited |
2nd Floor - E, Axis House, Bombay Dyeing Mill Compound, P. B. Marg,
Worli, Mumbai - 400025, Maharashtra, India
|
B05724059 |
|
7 |
10228273 |
10.02.2012 * |
6,325,400,000.00 |
Axis Bank Limited |
2nd Floor - E, Axis House, Bombay Dyeing Mill Compound, P. B. Marg,
Worli, Mumbai - 400025, Maharashtra, India |
B32401408 |
|
8 |
10225052 |
21.05.2013 * |
700,000,000.00 |
State Bank of India Industrial Finance Branch |
Tara Chamber, 2nd Floor, Mariaai Police Chowky, Pune Mumbai Highway,
Wakdewadi, Pune - |
B77648426 |
|
9 |
10216082 |
21.05.2013 * |
700,000,000.00 |
State Bank of India |
Tara Chambers, Wakdewadi IFB, Pune - |
B77645802 |
* Date of charge modification
UNSECURED LOANS
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
[Rs. in Millions] |
|
|
Other Debt Unsecured |
285.248 |
200.119 |
|
|
|
|
|
Total |
285.248 |
200.119 |
|
Note: Trade Deposit (Interest Bearing) (Including interests accrued and due Rs.4.488 Millions) |
||
CONTINGENT LIABILITIES
CLAIMS AGAINST THE COMPANY NOT ACKNOWLEDGE
AS AT 31ST MARCH, 2012
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
[Rs. in Millions] |
|
|
Sales Tax |
97.410 |
4.680 |
|
Excise Matters |
38.240 |
77.83 |
|
Others |
131.650 |
-- |
FIXED ASSETS:
·
·
· Building
· Plant and Machinery
· Electrical Installation
· Air Handling Equipment
· Computer
· Office Equipment
· Furniture and Fixtures
· Vehicles
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. 59.45 |
|
|
1 |
Rs. 91.24 |
|
Euro |
1 |
Rs. 78.44 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.