|
Report Date : |
24.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
BAYER PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
BAYER ZYDUS HEALTHCARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Olympia, First Floor, Central Avenue, Hiranandani Gardens, Powai,
Mumbai – 400076, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.07.1998 |
|
|
|
|
Com. Reg. No.: |
11-116021 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 263.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05195MH1998PTC116021 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB08712E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB3852F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Seller and Distribution of Pharma and Animal
Health Products and also Seller and Distribution of Diabetes Care Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1548000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having a good
track record. Profit margin of the company appears to be good. However, trade relations are reported as fair. Business is active.
Payment are reported to be 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : A |
|
Rating Explanation |
Adequate degree of safety and carry low
credit risk. |
|
Date |
December 24, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A1 |
|
Rating Explanation |
Strong degree of safety and carry lowest
credit risk. |
|
Date |
December 24, 2012 |
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 : |
Olympia, First Floor, Central Avenue, Hiranandani Gardens, Powai,
Mumbai – 400076, Maharashtra, India |
|
Tel. No.: |
91-22-25711234 |
|
Fax No.: |
91-22-25700147/ 25455080/ 25705940 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office: |
|
|
Tel. No.: |
91-22-5311234 |
|
|
|
|
Branch Office 1 : |
1st Floor, 9 Harleys Road, Kilpauk, Chennai - 600010,
Tamilnadu, India |
|
Tel. No.: |
91-44-26453730 |
|
Fax No.: |
91-44-26453740 |
|
|
|
|
Branch Office 2 : |
ECOSPACE, Building No.3A, Unit No. 502, 5th Floor, 59 M Wide (R.O.W) Road, New Town, Rajarhat, Kolkata – 700156, West Bengal, India |
|
Tel. No.: |
91-33-66227123 |
|
Fax No.: |
91-33-66227198/ 99 |
DIRECTORS
AS ON 27.09.2012
|
Name : |
Angel Michaelo Luna Evangelista |
||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 502, 5th Floor, Evita Building, Hiranandani
Gardens, Powai, Mumbai - 400076, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.10.1965 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B.Sc., Dipl in Industrial Engineering, MBM, MBA |
||||||||||||||||||||||||||||||||
|
Experience : |
16 Years |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2011 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AAVPE4411C |
||||||||||||||||||||||||||||||||
|
DIN No.: |
03030559 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Fidahusein Yacub Merchant |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
201, Louella, Plot No. 443, TPS 3, 14th Road, Bandra, Mumbai – 400050,
Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.04.1958 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.05.2007 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01239956 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Biren Pravinchandra Dave |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 401, 4th Floor, Resort View Cooperative Housing Society
Limited, Thakur Complex, Kandivali (East), Mumbai - 400101, Maharashtra,
India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1970 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.05.2007 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01236596 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Dhananjay Manohar Bhagwat |
|
Designation : |
Secretary |
|
Address : |
B-12, Ghanashyam Society, Dr. Rajendra Prasad Road, Opposite Ram Nagar,
Post Office, Dombivali, Thane - 421201, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1976 |
|
Date of Appointment : |
30.04.2007 |
|
PAN No.: |
AIYPB4398Q |
|
|
|
|
Name : |
Mr. Rajesh Aggarwal |
|
Designation : |
Country Group Head – Southern Asia |
|
|
|
|
Name : |
Mr. Vishwanath Nilakantan |
|
Designation : |
Manager - National Key Accounts |
|
|
|
|
Name : |
Mr. Mayank Tripathi |
|
Designation : |
Leadership Associate |
|
|
|
|
Name : |
Mr. Santanu Rudra |
|
Designation : |
Head - Marketing |
|
|
|
|
Name : |
Mr. Nilesh Nayak |
|
Designation : |
Head - Training |
|
|
|
|
Name : |
Mr. Manoj Saxena |
|
Designation : |
Business Unit Head – General Medicine |
|
|
|
|
Name : |
Mr. Rakesh Julka |
|
Designation : |
Country Division Head - Diabetes Care |
|
|
|
|
Name : |
Mr. Pradeep Sharma |
|
Designation : |
Businees Unit Head – Speciality Products |
|
|
|
|
Name : |
N.V. Chalapathi Rao |
|
Designation : |
Chief Administrative Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
Bayer ( |
|
21316699 |
|
Bayer |
|
1 |
|
Bayer |
|
1 |
|
|
|
|
|
Total |
|
21316701 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Bayer Material Science Private Limited, India |
|
5000000 |
|
|
|
|
|
Total |
|
5000000 |
AS ON 27.09.2012
|
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] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Seller and Distribution of Pharma and Animal
Health Products and also Seller and Distribution of Diabetes Care Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Plot YOY 14, Block EP, Sector V, Salt Lake Electronic
Complex, Bidhan Nagar, Kolkata – 700091, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3641G |
|
|
|
|
Fellow Subsidiary
company : |
· Bayer Business Services GmbH · Bayer (China) Limited · Bayer Direct Services GmbH · Bayer BioScience Private Limited · Bayer Malibu Polymers Private Limited · Nunhems India Private Limited · Bayer Animal Health GmbH · Bayer HealthCare AG ·
Bayer
(Malaysia) Sdn. Bhd., Malaysia ·
Bayer
Animal Health GmbH, Germany ·
Bayer
BioScience Private Limited, India ·
Bayer
Business Services GmbH, Germany ·
Bayer
CropScience Limited, Bangladesh ·
Bayer
CropScience Limited, India ·
Bayer
HealthCare Company Limited, China ·
Bayer
Healthcare Limited, Hong Kong ·
Bayer
HealthCare LLC, U.S.A. ·
Bayer
Healthcare Pharmaceuticals Inc., U.S.A. ·
Bayer
Korea Limited, Korea ·
Bayer
MaterialScience Private Limited, India ·
Bayer
Pakistan (Private) Limited, Pakistan ·
Bayer
Pharma AG, Germany (formerly Bayer Schering Pharma AG, Germany) ·
Bayer
Philippines Inc., Philippines ·
Bayer
Public Limited Company, United Kingdom ·
Bayer
Schering Pharma OY, Finland ·
Bayer
Thai Company Limited, Thailand ·
Bayer
Vietnam Limited, Vietnam ·
Bilag
Industries Private Limited, India ·
KVP
Pharma+Veterinar Produkte GmbH, Germany · Nunhems India Private Limited, India |
|
|
|
|
Ultimate Holding
company : |
Bayer AG, Germany |
|
|
|
|
Holding company
: |
Bayer (South East Asia) Pte Limited, Singapore |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key Management
personnel and their relatives : |
Bayer Zydus Pharma Private Limited (with effect from May 1, 2011) |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22,240,000 |
Equity Shares |
Rs. 10/- each |
Rs. 222.400 Millions |
|
12,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 120.000 Millions |
|
|
Total |
|
Rs. 342.400
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21,316,701 |
Equity Shares |
Rs. 10/- each |
Rs. 213.167
Millions |
|
5,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 50.000
Millions |
|
|
Total |
|
Rs. 263.167 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
263.200 |
263.200 |
|
(b) Reserves & Surplus |
|
123.800 |
(77.300) |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
387.000 |
185.900 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
3.300 |
4.700 |
|
(d)
long-term provisions |
|
16.900 |
11.000 |
|
Total
Non-current Liabilities (3) |
|
20.200 |
15.700 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
187.400 |
150.000 |
|
(b)
Trade payables |
|
194.600 |
227.600 |
|
(c)
Other current liabilities |
|
60.400 |
87.800 |
|
(d)
Short-term provisions |
|
11.500 |
34.400 |
|
Total
Current Liabilities (4) |
|
453.900 |
499.800 |
|
|
|
|
|
|
TOTAL |
|
861.100 |
701.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
10.900 |
15.800 |
|
(ii)
Intangible Assets |
|
19.000 |
50.100 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.200 |
|
(iv) Intangible assets under development |
|
4.900 |
18.300 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
25.700 |
37.800 |
|
(d) Long-term Loan
and Advances |
|
25.100 |
31.500 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
85.600 |
153.700 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
347.700 |
290.000 |
|
(c)
Trade receivables |
|
376.500 |
144.000 |
|
(d)
Cash and cash equivalents |
|
16.900 |
12.300 |
|
(e)
Short-term loans and advances |
|
34.400 |
101.400 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
775.500 |
547.700 |
|
|
|
|
|
|
TOTAL |
|
861.100 |
701.400 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
263.167 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
127.333 |
|
|
4] (Accumulated Losses) |
|
|
(134.266) |
|
|
NETWORTH |
|
|
256.234 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
247.000 |
|
|
TOTAL BORROWING |
|
|
247.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
503.234 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
117.599 |
|
|
Capital work-in-progress |
|
|
4.730 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
36.561 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
309.421 |
|
|
Sundry Debtors |
|
|
127.852 |
|
|
Cash & Bank Balances |
|
|
14.416 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
137.217 |
|
Total
Current Assets |
|
|
588.906 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
182.133 |
|
|
Other Current Liabilities |
|
|
25.030 |
|
|
Provisions |
|
|
37.399 |
|
Total
Current Liabilities |
|
|
244.562 |
|
|
Net Current Assets |
|
|
344.344 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
503.234 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
2019.800 |
1733.000 |
1418.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1699.500 |
1804.600 |
1447.000 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
320.300 |
(71.600) |
(29.000) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
119.200 |
(1.300) |
25.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
201.100 |
(70.300) |
(54.300) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
207.200 |
317.000 |
215.000 |
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
9.43 |
(3.30) |
(4.84) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
9.96
|
(4.06) |
(3.83) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
38.57
|
(11.10) |
(4.10) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.83
|
(0.39) |
(0.11) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.48
|
0.81 |
0.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
1.10 |
2.41 |
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90143188 |
29/12/2000 |
30,000,000.00 |
HDFC BANK LIMITED |
TRANSACTIONAL BAKING GROUP; KAMAL MILL COMPOUND, SENAPATI BAPAT MARG; LOWER PAREL, MUMBAI - 400013, MAHARASHTRA, INDIA |
- |
|
2 |
90143114 |
13/11/2000 |
40,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH; UNION BANK BHAVAN, 1ST FLOOR; 239; V.B. MARG; NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
3 |
90146136 |
13/11/2000 |
4,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH; UNION BANK BHAVAN, 1ST FLOOR; 239; V.B. MARG; NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
82.400 |
0.000 |
|
Intercorporate deposits |
105.000 |
150.000 |
|
|
|
|
|
Total |
187.400 |
150.000 |
Note:
The registered office of the company has been shifted from Bayer House, Central
Avenue, Hiranandani Gardens, Powai, Mumbai - 400076, Maharashtra, India to the
present w.e.f.01.06.2013
COMPANY PROFILE
Subject is a Company incorporated under The Companies Act,
1956 and having its registered office at Bayer House, Central Avenue,
Hiranandani Gardens, Powai, Mumbai - 400076. The Company is engaged into
manufacture, sales and distribution of pharma and animal health products and
sale and distribution of diabetes care products.
OPERATIONS AND
PERFORMANCE DURING THE YEAR
During the year, the Company has earned a total income of
INR 2019.800 Millions (previous year INR 1733.000 Millions) which includes INR
207.200 Millions (previous financial period INR 317.200 Millions) by way of
exports and reimbursement of expenses. After meeting the operative expenses,
the Company’s profit before tax works out to INR 320.300 Millions (as compared
to loss of INR 71.600 Millions in the previous financial year).
FIXED ASSETS:
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Goodwill
· Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.52 |
|
|
1 |
Rs. 100.26 |
|
Euro |
1 |
Rs. 84.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.