MIRA
INFORM REPORT
|
Report Date : |
08.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANAGHA PHARMA
PRIVATE LIMITED [w.e.f.23.12.2008] |
|
|
|
|
Formerly Known
As : |
ANAGHA INTERTRADE SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sava House, 3rd
Floor, Lalwani Plaza, Wing B, Sakorenagar CHS, Off New Airport Road, Viman
Nagar, Pune – 411014, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.10.2004 |
|
|
|
|
Com. Reg. No.: |
11-019876 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51397PN2004PTC019876 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 415000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Latest financial i.e. 2011-2012 is missing from the government department.
From the previous year financials, it seems that there appears some dip in the
profitability of the company. However, networth of the company is good. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
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) |
|
|
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
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Sava House, 3rd Floor,
Lalwani Plaza, Wing B, Sakorenagar CHS, Off New Airport Road, Viman
Nagar, Pune – 411014, Maharashtra, India |
|
Tel. No.: |
91-20-30516100/ 30516113 |
|
Fax No.: |
91-20-30516161 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Vinod Ramchandra Jadhav |
|
Designation : |
Director |
|
Address : |
Plot No. 7, S. No. 17/2B, Near Bishop School, Vadgaonsheri, Pune –
411014, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1972 |
|
Date of Appointment : |
25.10.2004 |
|
DIN No.: |
00022790 |
|
|
|
|
Name : |
Mr. Shailesh Ramanlal Shah |
|
Designation : |
Director |
|
Address : |
E303, 10 Kastur Kunj CTS, 2745 to 2755, Shivajinagar, Pune – 411005, Maharashtra,
India |
|
Date of Birth/Age : |
21.10.1950 |
|
Date of Appointment : |
21.12.2009 |
|
DIN No.: |
00181435 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil N. Adhiya |
|
Designation : |
Practising Company Secretary |
|
Address : |
201, Pallavi House, Dr. Ketkar Marg, Erandwane, Pune – 411004,
Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vinod Ramchandra Jadhav |
|
14998 |
|
Suvarna Vinod Jadhav |
|
15000 |
|
Hanmantrao Ramdas Gaikwad |
|
1 |
|
Vaishali Hanmantrao Gaikwad |
|
1 |
|
|
|
|
|
Total |
|
30000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Products. |
GENERAL INFORMATION
|
Suppliers : |
Ø Anand
Enterprises Ø Anand Medical
Distributors Ø Ari Healthcare
Private Limited Ø C.T.
Distributors Ø Jeevan Medisales
Private Limited Ø Kundan
Distributors Ø Kundan Agency Ø Laxmi Medicals Ø Meena Pharma Ø Neelu and
Company Ø New Amar Agency Ø Nitin Agency Ø Nootan
Pharmaceuticals Ø Palepu Pharma
Private Limited Ø Prakash Distributors Ø Raj Distributors Ø Sayar Pharma
Distributors |
||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
Ø Standard
Chartered Bank, B-2, Cerelerum IT Park, Kumar City, Vadgaon Sheri, Kalyani
Nagar, Pune - 411014, Maharashtra, India Ø Kotak Mahindra
Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021,
Maharashtra, India Ø HDFC Bank
Limited Ø HSBC Ø Indian Bank Ø Yes Bank Limited Ø Citibank Ø Axis Bank
Limited |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sachin Gogave and Company Chartered Accountants |
|
Address : |
S. No. 43, Shaniwar Peth, Nav Maharashtra House, 2nd Floor,
Oppsite Shaniwarwada, Pune – 411030, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGPG3877M |
|
|
|
|
Associate : |
Ø Sava Trading FZC Ø Sava Infotech
Private Limited Ø Sava Pharma
Limited Ø Biodeal
Laboratories Private Limited |
|
|
|
|
Subsidiaries : |
Sava Medica Limited [U74999PN2010PLC135514] |
|
|
|
|
Enterprise in which Key management personnel
exercise significant control : |
Anam Trading Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.000 |
3.000 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
100.648 |
81.928 |
43.577 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
103.648 |
84.928 |
46.577 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
50.173 |
0.364 |
1.226 |
|
|
2] Unsecured Loans |
3.107 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
53.280 |
0.364 |
1.226 |
|
|
DEFERRED TAX LIABILITIES |
0.878 |
0.583 |
0.452 |
|
|
|
|
|
|
|
|
TOTAL |
157.806 |
85.875 |
48.255 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
36.790 |
38.435 |
33.853 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
60.789 |
32.029 |
9.086 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.446
|
5.302 |
3.747 |
|
|
Sundry Debtors |
0.090
|
7.993 |
0.116 |
|
|
Cash & Bank Balances |
15.367
|
5.892 |
13.381 |
|
|
Other Current Assets |
0.883
|
0.440 |
0.680 |
|
|
Loans & Advances |
90.536
|
43.731 |
20.522 |
|
Total
Current Assets |
115.322
|
63.358 |
38.446 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
15.482
|
11.502 |
4.009 |
|
|
Other Current Liabilities |
10.000
|
2.443 |
14.058 |
|
|
Provisions |
29.613
|
34.002 |
15.063 |
|
Total
Current Liabilities |
55.095
|
47.947 |
33.130 |
|
|
Net Current Assets |
60.227
|
15.411 |
5.316 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
157.806 |
85.875 |
48.255 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
226.879 |
184.080 |
166.206 |
|
|
|
Other Income |
N.A. |
N.A. |
N.A. |
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.409 |
64.122 |
42.722 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.845 |
5.710 |
2.885 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
27.564 |
58.412 |
39.837 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.844 |
20.061 |
13.546 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
18.720 |
38.351 |
26.291 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
226.879 |
184.080 |
166.206 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
624 |
1278.36 |
876.37 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.12
|
57.38 |
55.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.69 |
0.86 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.51
|
0.00 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.09
|
1.32 |
1.16 |
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
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 |
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 |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
Vinod Jadhav |
3.107 |
0.000 |
|
Total |
3.107 |
0.000 |
Note: The registered
address of the company has been shifted from Office No. 2 Lalwani Plaza Wing-B
Plot No.57/58, Sakorenagar Co-Operative Society, Off Airport Road, Viman Nagar,
Pune - 411014, Maharashtra, India to the present w.e.f.26.11.2011
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51397PN2004PTC019876 |
|
Name of the
company |
ANAGHA PHARMA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Sava House, 3rd
Floor, Lalwani Plaza, Wing B, Sakorenagar CHS, Off New Airport Road, Viman
Nagar, Pune – 411014, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Standard Chartered Bank, B-2, Cerelerum IT Park, Kumar City, Vadgaon
Sheri, Kalyani Nagar, Pune - 411014, Maharashtra, India Email: amitavijay1994@gmail.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
entry |
|
Date of
instrument Creating the charge |
30.01.2013 |
|
Amount secured by
the charge |
Rs. 53.700
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 11.75%, (Base
Rate 9.50% + 2.25%) P. A. (Variable), Terms of Repayment 144 Months Margin 40% Market Value
of Commercial Property and 30% of Residential Property. Extent and Operation of the charge First And
Exclusive Charge Others As Per Sanction
Letter |
|
Short particulars
of the property charged |
Office No. 2, 1ST
Floor, Lalwani Plaza, Wing B, Plot No. 57 and 58, S. No. 232/172, Lohagaon,
Pune - 400014 |
FIXED ASSETS:
Ø Air Conditioner
Ø Computer
Ø Electric Fitting
Ø Fire Guard
Ø Furniture
Ø Inverter
Ø Office Building
Ø Office Equipment
Ø Office Gate
Ø Scan Machine
Ø Strapping Machine
Ø Vehicle
Ø Weighting Scale
Ø Xerox Machine
Ø Genset
Ø Furniture-WIP
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. 54.74 |
|
|
1 |
Rs. 82.14 |
|
Euro |
1 |
Rs. 71.13 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.