MIRA INFORM REPORT
|
Report Date : |
26.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROOPA INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
17/745, |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
17.06.1985 |
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|
|
|
Com. Reg. No.: |
01-005582 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.78.655
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L10100AP1985PLC005582 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR9573J |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacture of Pharmaceuticals
and Cosmetics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 410000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
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Litigation : |
Clear |
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|
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|
Comments : |
Subject is an established company having moderate track record.
Reserves of the company appears to be low. There also appears dip in the
profitability of the company. However, trade relations are reported as fair.
Business is active. Payment terms are reported to be slow but correct. 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in place
to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB (Term Loan) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
03.04.2013 |
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.
LOCATIONS
|
Registered Office : |
17/745, Alur Road, Adoni – 518 301, Kurnool District, Andhra Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
Corporate Office : |
6-2-1012, 3rd Floor, TGV Mansion, Above ICICI Bank,
Khairatabad, Hyderabad – 500 004, Andhra Pradesh, India |
|
Tel. No.: |
91-40-66624864 |
|
Fax No.: |
91-40-23313875 |
|
E-Mail : |
|
|
|
|
|
Factory : |
A3/A4, Phase-IV, IDA, Patancheru Medak District, Hyderabad - 502319, Andhra Pradesh, India |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. T. G. Raghavendra |
|
Designation : |
Chairman and Managing Director |
|
Address : |
H No.8-2-268/R/15 Navodaya Colony, Banjarahill, Hyderabad – 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
02.04.1955 |
|
PAN No.: |
ABAPT1573A |
|
|
|
|
Name : |
Mr. V. J. Sarma |
|
Designation : |
Executive Director |
|
Address : |
601, Sai Pranathi Apartments, 6-3-609/19 Anand Nagar, Khairatabad, Hyderabad – 500004, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.08.1956 |
|
Qualification: |
Commerce Graduate |
|
PAN No.: |
ACTPV9916D |
|
Date of Appointment
: |
17.03.1997 |
|
|
|
|
Name : |
Mr. R. Madan Mohan Rao |
|
Designation : |
Director |
|
Address : |
13-9-84, Panduranga Nagar, Borabanda, Crragadda, Hyderabad – 500019, Andhra Pradesh, India |
|
Date of Birth/Age : |
12.06.1951 |
|
|
|
|
Name : |
Mr. M. T. Sreenivasa Rao |
|
Designation : |
Director |
|
Address : |
G-5, B Block 3-4-817, Paragon Venkatadri Apartments, Street No.1, Barakatpura, Hyderabad – 500027, Andhra Pradesh, India |
|
Date of Birth/Age : |
15.08.1946 |
|
|
|
|
Name : |
Mr. O.D.Reddy |
|
Designation : |
Director |
|
Address : |
12-2-823/A/37, Mehdipatnam, Hyderabad – 500027, Andhra Pradesh, India |
|
Date of Birth/Age : |
15.03.1938 |
|
Qualification: |
B.Sc., (Agrl) |
|
Date of Appointment
: |
30.04.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.06.2013
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
857393 |
10.90 |
|
|
2913606 |
37.04 |
|
|
3770999 |
47.94 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
3770999 |
47.94 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
20000 |
0.25 |
|
|
20000 |
0.25 |
|
|
|
|
|
|
238423 |
3.03 |
|
|
|
|
|
|
1638896 |
20.84 |
|
|
1419894 |
18.05 |
|
|
777308 |
9.88 |
|
|
777308 |
9.88 |
|
|
4074521 |
51.80 |
|
Total Public shareholding (B) |
4094521 |
52.06 |
|
Total (A)+(B) |
7865520 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
7865520 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of
Pharmaceuticals and Cosmetics. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
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|
Bankers : |
State Bank of India, Saifabad, Hyderabad, Andhra Pradesh, India |
||||||||||||||||||||||||
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|
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Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T. Adinarayana and Company Chartered Accountants |
|
Address : |
Hyderabad – 500 001, Andhra Pradesh, India |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,000,000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,865,520 |
Equity Shares |
Rs.10/- each |
Rs.78.655
Millions |
|
|
|
|
|
Reconciliation of the
shares at the beginning and at the end of the reporting period.
(Rs. in Millions)
|
Particulars |
Year ended 31" March, 2013 |
|
|
|
Number |
Rs. |
|
Equity shares at the beginning of the year |
74,72,244 |
74.722 |
|
Add:Shares issued during the year on conversion of warrants |
3,93,276 |
3.932 |
|
Equity shares at
the end of the year |
78,65,520 |
78.655 |
Terms / rights attached
to equity shares
The Company has only one class of equity shares having a face value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
In the event of Liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company. The distribution will be in proportion to the number of equity shares held by the shareholders.
Details of
shareholders holding more than 5% of the total shares
|
S. No. |
Name of Shareholder |
Year ended 31" March, 2013 |
|
|
No. of Shares held |
% of Holding |
||
|
1 |
Star Niochem Private Limited |
14,87,671 |
18.91 |
|
2 |
SRHHL Industries Limited |
13,72,455 |
17.45 |
|
3 |
T. G. Raghavendra |
6,30,045 |
8.01 |
|
|
|
34,90,171 |
44.37 |
Utilisation of share
issue proceeds
|
Particulars |
As at 31"
March (Rs.) |
|
|
2013 |
|
Gross Proceeds of the Issue received upto the year |
1,28,78,496 |
|
Utilisation of funds upto the year |
1,28,78,496 |
|
Unutilised amount represented by Fixed Deposit with Bank |
- |
Terms of Warrants:
The holders of 11,21,820 warrants were entitled to apply for one equity share of Rs.10 each per warrant at a premium of Rs.1.48 at any time within 18months in 3 trenches of the warrant exercise period that is between 12th October, 2010 to 9th April, 2012. The Company had one time call option of compulsory conversion of warrants at any time within the warrant exercise period.
Within such warrant exercise period, the Company received applications from warrant holders for conversion of 11,21,820 warrants into equity shares for an amount aggregating to Rs.12.878 Millions (including Securities premium) and have been converted into 11,21,820 equity shares (Equity Share Capital of Rs.11.218 Millions and Securities Premium of Rs.16,60,296).
Reconciliation of the
warrants outstanding at the beginning and at the end of the reporting period
|
Particulars |
Number of Warrants As at 31" March 2013 |
|
Warrants originally issued under Share warrants |
11,21,820 |
|
Warrants outstanding at the beginning of the year |
3,93,276 |
|
Less:Warrants converted into equity shares during the year |
3,93,276 |
|
Warrants outstanding at the end of the year |
- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
78.655 |
74.722 |
70.986 |
|
(b) Reserves & Surplus |
26.317 |
23.983 |
17.182 |
|
(c) Money
received against share warrants |
0.000 |
1.129 |
2.201 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
104.972 |
99.834 |
90.369 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
23.733 |
28.095 |
25.073 |
|
(b) Deferred tax liabilities (Net) |
6.454 |
5.846 |
5.011 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.168 |
1.694 |
1.605 |
|
Total Non-current
Liabilities (3) |
32.355 |
35.635 |
31.689 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
35.326 |
20.961 |
29.317 |
|
(b) Trade
payables |
55.462 |
45.698 |
51.112 |
|
(c) Other
current liabilities |
4.815 |
4.076 |
1.341 |
|
(d) Short-term
provisions |
0.566 |
1.945 |
1.783 |
|
Total Current
Liabilities (4) |
96.169 |
72.680 |
83.553 |
|
|
|
|
|
|
TOTAL |
233.496 |
208.149 |
205.611 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
70.983 |
70.142 |
65.049 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
13.714 |
12.831 |
9.588 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.437 |
0.437 |
0.437 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.975 |
12.633 |
12.228 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
98.109 |
96.043 |
87.302 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
51.223 |
23.967 |
31.864 |
|
(c) Trade
receivables |
71.614 |
66.878 |
62.767 |
|
(d) Cash
and cash equivalents |
5.409 |
12.013 |
13.942 |
|
(e)
Short-term loans and advances |
5.097 |
4.868 |
5.329 |
|
(f) Other
current assets |
2.044 |
4.380 |
4.407 |
|
Total
Current Assets |
135.387 |
112.106 |
118.309 |
|
|
|
|
|
|
TOTAL |
233.496 |
208.149 |
205.611 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
321.159 |
326.370 |
321.103 |
|
|
|
Other Income |
1.000 |
0.915 |
0.615 |
|
|
|
TOTAL (A) |
322.159 |
327.285 |
321.718 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
242.692 |
217.918 |
240.277 |
|
|
|
Purchase of stock-in-trade |
0.751 |
0.000 |
0.000 |
|
|
|
Changes in inventories of Finished goods, Work-in-Progress and Stock-in-trade |
(26.198) |
3.998 |
(12.825) |
|
|
|
Employee benefits expenses |
22.864 |
20.087 |
14.894 |
|
|
|
Other expenses |
64.685 |
59.542 |
62.681 |
|
|
|
Exceptional Items (Excess provision written back) |
0.447 |
(0.508) |
0.000 |
|
|
|
TOTAL (B) |
305.241 |
301.037 |
305.027 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.918 |
26.248 |
16.691 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.224 |
12.448 |
4.897 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.694 |
13.800 |
11.794 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.671 |
4.972 |
5.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.023 |
8.828 |
6.455 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.271 |
2.581 |
1.607 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.752 |
6.247 |
4.848 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.159 |
13.912 |
9.064 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
21.911 |
20.159 |
13.912 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
34.001 |
70.904 |
NA |
|
|
TOTAL EARNINGS |
34.001 |
70.904 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
51.137 |
42.378 |
NA |
|
|
TOTAL IMPORTS |
51.137 |
42.378 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
0.22 |
0.88 |
0.72 |
|
|
|
Diluted |
0.22 |
0.88 |
0.65 |
|
QUARTERLY RESULTS
|
PARTICULARS |
|
|
30.06.2013 |
|
Net Sales |
|
|
60.000 |
|
Total Expenditure |
|
|
59.700 |
|
PBIDT (Excl OI) |
|
|
0.300 |
|
Other Income |
|
|
0.100 |
|
Operating Profit |
|
|
0.300 |
|
Interest |
|
|
2.200 |
|
Exceptional Items |
|
|
0.000 |
|
PBDT |
|
|
(1.800) |
|
Depreciation |
|
|
1.400 |
|
Profit Before Tax |
|
|
(3.300) |
|
Tax |
|
|
0.000 |
|
Provisions and contingencies |
|
|
0.000 |
|
Profit After Tax |
|
|
(3.300) |
|
Extraordinary Items |
|
|
0.000 |
|
Prior Period Expenses |
|
|
0.000 |
|
Other Adjustments |
|
|
0.000 |
|
Net Profit |
|
|
(3.300) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.54
|
1.91 |
1.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.94
|
2.70 |
2.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.38
|
4.53 |
3.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.09 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.56
|
0.49 |
0.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
1.54 |
1.42 |
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 |
UNSECURED LOAN:
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from Others |
21.850 |
23.554 |
|
SHORT TERM
BORROWINGS |
|
|
|
Other unsecured loans & advances From Others |
0.000 |
1.566 |
|
Total |
21.850 |
25.120 |
|
NOTE: LONG TERM
BORROWINGS
|
||
FINANCIAL RESULTS
The Company had achieved a revenue from operations (Net) of Rs. 321.159 Millions during 2012-13 as against revenue from operations (Net) of Rs. 326.370 Millions during 2011-12. The Profit before Interest, Depreciation and Tax during the year is Rs.12.741 Millions as against Rs.17.718 Millions during 2011-12. The profit margins are affected due to accute shortage and erratic supply of power causing loss of production and also increase of power cost. However, during the year the Company has concentrated on development of new products and the company is poised for new opportunities for accelerated growth. Hence there is need for ploughing back internal accruals for augmenting the working capital requirement and defer dividend.
MANAGEMENT'S
DISCUSSION AND ANALYSIS
Industry Structure
and Developments:
The Global Generics Pharmaceutical Industry is at the threshold of a new era-one that poses obstacles and opportunities alike for Western multinationals and generics manufacturers based in emerging markets such as India. As Indian companies rapidly penetrate Western markets - a move welcomed by many public and private healthcare players - the country has taken an integral role in shaping the future of the global generics industry. At the same time, Indian companies are increasing their focus on research and development of innovative drugs and delivery systems.
Outlook on
opportunities:
The Global health care industry is the second largest industry in the World, after the agro industry with a turnover of US $ 4.5 trillion. The Indian Pharma Industry is globally now the 4th largest in terms of volume and 13th largest in terms of value. India is producing most of its bulk drug requirements. As a matter of fact, Indian Companies are aggressively exporting Bulk Drugs and Formulations to nearly 200 Countries.
The Indian companies are poised to play an increasingly active role globally, thanks to their core strengths, competitive advantages and desire to grow operations in new markets. India has many advantages in the Pharma Industry, including a competent workforce, capacity for innovation, cost-effective chemical synthesis and Quality and low-cost manufacturing capabilities. Indian companies are aggressive to industry developments, yet their ability to compete globally is limited by the size of their balance sheets. As they acquire, merge and collaborate with pharmaceutical and biotech companies in foreign markets, they are also tasked with globalizing their operations to focus on the varying characteristics of each new market they enter.
Hyderabad is a hub for pharma industry in India with reputed world renowned players operating from Hyderabad besides a cluster of large number of medium size pharma units. This localized advantage provides great opportunity to Roopa Industries Limited with growing demand for its products and sustain even with increased activity. Subject is gearing up to exploit the emerging opportunities.
Internal Control
Systems and their Adequacy:
Subject is having adequate internal control systems commensurate with size and activities of the company. Proper internal controls ensure that all the assets of the company are safeguarded against loss from unauthorized disposal or use and ensure that all the transactions are recorded properly. The audit committees of the Board review periodically the financial statements before they are submitted to Board and further ensure compliance of internal controls.
Financial
Performance:
Financial Highlights
:
(Rs.
in Millions)
|
Particulars |
During Year 2012-13 |
During Year 2011-12 |
|
Revenue from Operations (Net) |
321.160 |
326.370 |
|
PBIDT |
12.741 |
17.718 |
|
Profit before tax |
3.023 |
8.828 |
|
Profit after tax |
1.752 |
6.247 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10155728 |
19/02/2013 * |
78,200,000.00 |
STATE BANK OF INDIA |
SME BRANCH, SAIFABAD, HACA BHAVAN, HYDERABAD, Andhra Pradesh - 500004, INDIA |
B69718229 |
|
2 |
10108746 |
30/11/2007 |
3,700,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, VADODARA, Gujarat - 39 |
A40716904 |
|
3 |
90118742 |
13/08/2003 * |
10,000,000.00 |
DENA BANK |
BANK STREET ; KOTI, HYDERABAD, Andhra Pradesh, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
- Land Building
- Plant and Equipments
- Furniture and Fixtures
- Vehicles
- Office Equipments
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.61.63 |
|
|
1 |
Rs.99.94 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.