MIRA
INFORM REPORT
|
Report Date : |
14.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SMS PHARMACEUTICALS LIMITED (w.e.f. 12.04.2004) |
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Formerly Known
As : |
SMS PHARMACEUTICALS PRIVATE LIMITED |
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Registered
Office : |
Plot No.19-III, Room No.71, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.12.1987 |
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Com. Reg. No.: |
01-008066 |
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Capital
Investment / Paid-up Capital : |
Rs. 84.652 Millions |
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CIN No.: [Company Identification
No.] |
L24239AP1987PLC008066 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDSO1258F |
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PAN No.: [Permanent Account No.] |
AADCS2221D |
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Legal Form : |
A Public Limited Liability company. The company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is engaged in the Manufacturing of Pharmaceutical Bulk Drugs and intermediates. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 8800000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration established track record of the company
with presence in global markets supported by fair profitability levels and
sound liquidity position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “BBB+” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
08.08.2013 |
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Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A3+” |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
08.08.2013 |
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
31-03-2014.
INFORMATION DECLINED
Management Non-cooperative. (Tel. No.: 91-40-66288888.)
LOCATIONS
|
Registered Office / Corporate Office : |
Plot No.19-III, Room No.71, Opposite Bharatiya Vidya Bhavan Public
School, Jubilee Hills, Hyderabad-500034, Andhra Pradesh, India |
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Tel. No.: |
91-40-66288888 |
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Fax No.: |
91-40-23551402/01 |
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E-Mail : |
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Website : |
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Area : |
10000 Sq. ft. |
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Location : |
Owned |
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Factory 1 : |
IDA Kazipally (Village), Jinnaram Mandal, Medak (District) – 502319,
Andhra Pradesh, India |
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Tel. No.: |
91-8458-277067 |
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Fax No.: |
91-8458-277069 |
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E-mail : |
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Factory 2 : |
Plot No. 24 and 24B, S.V. Cooperative Industrial Estate, Bachupally,
I.D.A., R.R. Dist. A.P. - 502 325, Andhra Pradesh, |
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Tel. No.: |
91-40-65986691 |
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E-Mail : |
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Factory 3 : |
Plot No. 66/B-D, Phase-1, IDA Jeedimetla, Hydrabad-500 055, |
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Tel. No.: |
91-40-23095151 |
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Fax No.: |
91-40-23735639 |
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E-Mail : |
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Factory 4 : |
Sy. No. 160, 161, 163 to 167, Kandivalasa (Village), Poosapatirega
(Mandal), Vijayanagaram – 535204, Andhra Pradesh, India |
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Tel. No.: |
91-8922-258051/53/54 |
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Fax No.: |
91-8922-258052 |
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E-Mail : |
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Factory 5 : |
Sy. No. 296/7/4, I.D.A., Via Miyapur, |
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Tel. No.: |
91-40-64547975 |
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E-Mail : |
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Corporate Research and Development : |
S.No. 186, 189, 190, |
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Tel. No.: |
91-8418-257337/8 |
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Fax No.: |
91-8418-257469 |
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E-mail : |
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In House Research and Development : |
C-23, Industrial Estate, Santhnagar, Hyderabad – 500018, Andhra Pradesh,
India |
DIRECTORS
As on: 31.03.2013
|
Name : |
Mr. Potluri Ramesh Babu |
|
Designation : |
Chairman and Managing Director |
|
Address : |
Plot No.265 Q, Road No.12, Jubilee Hills, Hyderabad-500033, |
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Date of Birth/Age : |
01.10.1958 |
|
Date of Appointment : |
30.08.1990 |
|
DIN No : |
00166381 |
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|
Name : |
Mr. TVVSN Murthy |
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Designation : |
Vice- Chairman and Joint Managing Director |
|
Address : |
Plot No.10-C, “C” Type, Road No.8, Film Nagar, Hyderabad-500033, |
|
Date of Birth/Age : |
10.02.1960 |
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Date of Appointment : |
30.08.1990 |
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DIN No : |
00465198 |
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Name : |
Mr. Achanta Pitcheswara Rao |
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Designation : |
Director |
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Address : |
A-4, |
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Date of Birth/Age : |
16.08.1941 |
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Date of Appointment : |
21.11.1994 |
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DIN No : |
00027847 |
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Name : |
Dr. Mihir K. Chaudhuri |
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Designation : |
Director |
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Address : |
Vice-Chancelor’s Buglow, Tezpur Univesity Campus, Tezpur,
Nappam-784028, |
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Date of Birth/Age : |
21.07.147 |
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Date of Appointment : |
18.11.2004 |
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DIN No : |
00489843 |
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Name : |
Dr. B. M. Choudary |
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Designation : |
Director |
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Address : |
312, New Mla and MP Colony Road No.10C, Jubilee Hills,
Hyderabad-500033, |
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Date of Birth/Age : |
10.08.1946 |
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Date of Appointment : |
29.05.2005 |
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DIN No : |
00463723 |
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Name : |
Mr. K. Subramanyeswara Rao |
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Designation : |
Director |
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Address : |
7-1-636/26, Model Colony, SR Nagar, Hyderabad-500038, |
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Date of Birth/Age : |
10.08.1942 |
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Date of Appointment : |
29.05.2005 |
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DIN No : |
00038416 |
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Name : |
Dr. Ayman Sahli |
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Designation : |
Nominee Director of Gulf Pharmaceuticals, UAE |
|
Address : |
Villa D-65, |
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Date of Birth/Age : |
04.05.1963 |
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Date of Appointment : |
30.04.2009 |
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DIN No : |
02680724 |
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Name : |
Mr. Utpal Gokhale |
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Designation : |
Nominee Director of Exim Bank |
KEY EXECUTIVES
|
Name : |
Mr. Pendyala Prabhakar Rao |
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Designation : |
Company Secretary |
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Address : |
12-2-418/3/16, Visas Nagar Colony, Mehdipatnam, Hyderabad-500028, |
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Date of Birth/Age : |
15.07.1938 |
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Date of Appointment : |
01.10.2009 |
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PAN No : |
ADFPP2007G |
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Name : |
Mr. N. Rajendra Prasad |
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Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.06.2014
|
Names of
Shareholders |
No. of Shares |
Percentage of Holding |
|
(A) Shareholding of
Promoter and Promoter Group |
|
|
|
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|
4824443 |
56.99 |
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|
586000 |
6.92 |
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|
5410443 |
63.91 |
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|
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Total shareholding
of Promoter and Promoter Group (A) |
5410443 |
63.91 |
|
(B) Public Shareholding |
|
|
|
|
|
|
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|
42114 |
0.50 |
|
|
45000 |
0.53 |
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|
87114 |
1.03 |
|
|
|
|
|
|
387675 |
4.58 |
|
|
|
|
|
|
903685 |
10.68 |
|
|
884183 |
10.44 |
|
|
792103 |
9.36 |
|
|
39888 |
0.47 |
|
|
721409 |
8.52 |
|
|
172 |
0.00 |
|
|
30634 |
0.36 |
|
|
2967646 |
35.06 |
|
Total Public
shareholding (B) |
3054760 |
36.09 |
|
Total (A)+(B) |
8465203 |
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) |
8465203 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Manufacturing of Pharmaceutical Bulk Drugs and intermediates. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
· State Bank of India · Export Import Bank of India |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Rambabu and Company Chartered Accountant |
|
Address : |
31, Pancom Chambers, Rajbhavani Road, Hyderabad-500082, Andhra
Pradesh, India |
|
Tel No : |
91-40-23311587 |
|
Fax No : |
91-40-23397182 |
|
Email : |
|
|
|
|
|
Name : |
P. Murali and Company Chartered Accountant |
|
Address : |
6-3-655/2/3, Somajiguda, Hyderabad-500 082, Andhra
Pradesh, India |
|
Tel No : |
91-40-23326666 |
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Fax No : |
91-40-23392474 |
|
Email : |
|
|
|
|
|
Name : |
Mr. K.S.N. Sarma Cost Accountant |
|
Address : |
216, Rangadhamamu, HMT Satavahana Nagar, Kukatpally, Hyderabad-500
072, Andhra Pradesh, India |
|
|
|
|
Associates : |
·
Webcity Softech Private Limited ·
Potluri Real Estate Private Limited ·
Hima Farms Private Limited ·
VKT Pharma Private Limited ·
Potluri Hire Purchase & Finance Private
Limited |
CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 84.652
Millions
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10015203 |
Equity Shares |
Rs.10/- each |
Rs. 100.152
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
84.652 |
100.152 |
100.152 |
|
(b) Reserves & Surplus |
2133.378 |
2340.489 |
2110.675 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
2218.030 |
2440.641 |
2210.827 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
693.699 |
536.354 |
818.424 |
|
(b) Deferred tax liabilities (Net) |
192.892 |
92.892 |
169.501 |
|
(c) Other long
term liabilities |
54.012 |
0.000 |
0.000 |
|
(d) long-term
provisions |
22.155 |
15.778 |
13.359 |
|
Total Non-current
Liabilities (3) |
962.758 |
645.024 |
1001.284 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
804.881 |
775.416 |
977.141 |
|
(b)
Trade payables |
589.664 |
453.296 |
354.874 |
|
(c)
Other current liabilities |
368.653 |
371.598 |
369.775 |
|
(d) Short-term
provisions |
148.709 |
27.243 |
4.137 |
|
Total Current
Liabilities (4) |
1911.907 |
1627.553 |
1705.927 |
|
|
|
|
|
|
TOTAL |
5092.695 |
4713.218 |
4918.038 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2859.284 |
1464.148 |
2241.621 |
|
(ii)
Intangible Assets |
0.000 |
4.696 |
6.916 |
|
(iii)
Capital work-in-progress |
0.000 |
956.635 |
489.492 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
58.728 |
5.165 |
5.165 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19.261 |
15.867 |
30.371 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
57.398 |
|
Total Non-Current
Assets |
2937.273 |
2446.511 |
2830.963 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
250.000 |
0.000 |
|
(b)
Inventories |
904.738 |
1050.307 |
1380.812 |
|
(c)
Trade receivables |
555.900 |
350.452 |
384.192 |
|
(d) Cash
and cash equivalents |
120.502 |
364.638 |
90.847 |
|
(e)
Short-term loans and advances |
216.328 |
30.239 |
89.319 |
|
(f)
Other current assets |
357.954 |
221.071 |
141.905 |
|
Total Current
Assets |
2155.422 |
2266.707 |
2087.075 |
|
|
|
|
|
|
TOTAL |
5092.695 |
4713.218 |
4918.038 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5180.380 |
2423.266 |
2140.974 |
|
|
|
Other Income |
15.241 |
16.189 |
5.641 |
|
|
|
TOTAL (A) |
5195.621 |
2439.455 |
2146.615 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3466.571 |
1735.366 |
1307.135 |
|
|
|
Purchases of Stock-in-Trade |
0.442 |
2.323 |
3.570 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
208.702 |
256.270 |
(112.911) |
|
|
|
Employees benefits expense |
256.393 |
179.261 |
141.375 |
|
|
|
Other expenses |
676.598 |
610.883 |
425.640 |
|
|
|
Extraordinary Items |
0.000 |
(1021.137) |
0.000 |
|
|
|
TOTAL (B) |
4608.706 |
1762.966 |
1764.809 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
586.915 |
676.489 |
381.806 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
138.188 |
242.634 |
241.234 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
448.727 |
433.855 |
140.572 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
128.546 |
137.215 |
126.397 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
320.181 |
296.640 |
14.175 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
116.336 |
43.391 |
2.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
203.845 |
253.249 |
11.375 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
465.188 |
265.373 |
253.998 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
30.000 |
0.000 |
|
|
|
Dividend |
NA |
20.030 |
0.000 |
|
|
|
Tax on Dividend |
NA |
3.404 |
0.000 |
|
|
BALANCE CARRIED TO
THE B/S |
NA |
465.188 |
265.373 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
1180.707 |
1013.158 |
|
|
TOTAL EARNINGS |
0.000 |
1180.707 |
1013.158 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
468.700 |
440.713 |
|
|
|
Capital Goods |
0.000 |
18.475 |
1.202 |
|
|
TOTAL IMPORTS |
0.000 |
487.175 |
441.915 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.06 |
25.29 |
1.14 |
|
Note:
The above results are reviewed by the Audit Committee on May 30, 2014 and taken on record by the Board of Directors at its meeting held on May 30, 2014 and have been audited by the Statutory Auditors of the company.
The Company's business activity falls within a single primary business segment.
Hence segment reporting is not applicable.
All accounting policies followed are the same as followed in preparation of
annual financial statements for the previous year.
Figures of last quarter are balancing figures between audited figures in
respect of full financial year and the published year-to-date figures up to 3rd
quarter of the financial year.
Figures of previous periods have been regrouped / rearranged wherever
necessary.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
3.92 |
10.38 |
0.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.18 |
12.24 |
0.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.36 |
7.91 |
0.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.12 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.68 |
0.54 |
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.39 |
1.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
100.152 |
100.152 |
84.652 |
|
Reserves & Surplus |
2110.675 |
2340.489 |
2133.378 |
|
Net worth |
2210.827 |
2440.641 |
2218.030 |
|
|
|
|
|
|
long-term borrowings |
818.424 |
536.354 |
693.699 |
|
Short term borrowings |
977.141 |
775.416 |
804.881 |
|
Total borrowings |
1795.565 |
1311.770 |
1498.580 |
|
Debt/Equity ratio |
0.812 |
0.537 |
0.676 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2140.974 |
2423.266 |
5180.380 |
|
|
|
13.185 |
113.777 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2140.974 |
2423.266 |
5180.380 |
|
Profit |
11.375 |
253.249 |
203.845 |
|
|
0.53% |
10.45% |
3.93% |
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 |
Yes |
|
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 |
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 |
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 |
No |
|
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 |
|
LONG TERM
BORROWINGS |
|
|
|
Sales Tax Deferment Loan |
|
41.854 |
|
D S I R Assistance |
|
12.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Packing Credit-INR |
|
50.000 |
|
|
|
|
|
Total |
|
103.854 |
CASE DETAILS
|
CCCA 73 / 2012 |
CCCASR 7855 / 2012 |
CASE IS:PENDING |
|
PETITIONER |
|
RESPONDENT |
|
NATCO PHARMA LTD. |
VS |
SMS PHARMACEUTICALS LTD., |
|
PET.ADV. : ADINARAYANA RAO |
|
RESP.ADV. : PAVAN KUMAR ANNABATHUNI |
|
SUBJECT: MONEY SUITS |
|
DISTRICT: HYDERABAD |
|
FILING DATE: 28-06-2012 |
POSTING STAGE : INTERLOCUTORY |
|
|
REG. DATE : 28-06-2012 |
LISTING DATE : 19-02-2013 |
STATUS : --------- |
|
HON'BLE JUDGE(S): |
V.ESWARAIAH
|
K.G.SHANKAR |
|
|
|
FIXED ASSETS
- Land
- Building – Factory, Non Factory
- Plant and Machinery
- Electrical Installation
- Pollution Control Equipment
- Data Processing Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Other Assets
- Improvements on Leased Premises
- Intangible Assets
- Land Scaping
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. 61.25 |
|
|
1 |
Rs. 103.01 |
|
Euro |
1 |
Rs. 81.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.