IDENTIFICATION DETAILS
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Name : |
CADMACH MACHINERY COMPANY PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMC01308G |
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PAN No.: [Permanent Account No.] |
AAACC6242R |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Not Divulged |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in manufacturing and marketing of
Pharmaceutical Machineries, Spare Parts, Punches and Dies. |
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Products : |
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Brand Names : |
‘CADMACH’ |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
·
Bank of ·
Export-Import Bank of India, Centre One Building, Floor 21, World
Trade Centre, Cuffe Parade, Mumbai – 400005, Maharashtra,
India |
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Facilities : |
NOTES: LONG
TERM BORROWINGS Securities for Term Loans
and Terms of repayment: [a] Term loan from ICICI
Bank is secured by hypothecation of specific vehicle purchased by the Company
under the loan. It is repayable in 36 monthly equal instalments of Rs.0.115
million each started from November 15, 2011 including interest @ 9.52% p.a.
The outstanding amount as at March 31, 2013 is Rs.2.020 millions [as at March
31, 2012: Rs.3.153 millions]. [b] Term loan from Bank
of Baroda is secured by way of first pari passu charge by way of an equitable
mortgage of immovable properties and hypothecation of movable plant and
machineries situated at plot nos.3604 and 3605 at G.I.D.C., Vatwa, Ahmedabad,
both present and future, besides second charge on current assets. It is
repayable in monthly equal instalments of Rs.0.333 million each started from
March 31, 2011 along with interest @ 3.75% p.a. over base rate p.a. The
outstanding amount as at March 31, 2013 is Rs. Nil [as at March 31, 2012:
Rs.1.858 millions. [c] Term loan from
Financial Institution is secured by first pari passu charge by way of an
equitable mortgage of immovable properties and hypothecation of movable fixed
assets situated at plot nos.3604 and 3605 at G.I.D.C., Vatwa, Ahmedabad, both
present and future, an exclusive charge by way of hypothecation of specific
receivables arising out of export of machinery and spares under the facility,
besides Personal Guarantee of Mr Pankaj R Patel, a director of the Company. It
is repayable seer 3 years from the date of respective disbursement starting
from August 5, 2013 along with interest @ 6 months US UBOR plus 400 bps p.a.
The outstanding amount as at March 31, 2013 is Rs.52.083 millions [as at
March 31, 2012: Rs.48.899 millions]. [d] Term loan from Other
is secured by hypothecation of specific vehicles purchased by the Company
under the loan. It is repayable in 36 monthly equal instalments of Rs.188.1
Thousands each started from December 10, 2009 including interest @ 8.1% p.a.
The outstanding amount as at March 31, 2013 is Rs. Nil [as at March 31, 2012:
Rs.1.451 millions]. SHORT TERM BORROWINGS [*]
Working Capital Loan repayable on demand from a bank is secured by first
charge on hypothecation of inventories [including goods in transit],
book-debts and movable plant and machineries and second charge by way of an
equitable mortgage of immovable properties situated at plot nos.3604 and 3605
at G.I.D.C., Vatwa, Ahmedabad and is bearing Interest @ 3.75% p.a. over base
rate. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mukesh M. Shah and Company Chartered Accountants |
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Address : |
1st Floor, H.K. House, Ashram Road, Ahmedabad – 380 009, Gujarat, India |
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Tel. No.: |
91-79-26580549/ 26585814 |
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Fax No.: |
91-79-26581236 |
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E-Mail : |
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Website : |
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PAN No : |
AAIFM0810A |
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Enterprises significantly influenced by Directors and/ or their
relatives : |
·
Cadila Healthcare Limited ·
Kevin Technologies Private Limited ·
Zydus Nikkho Farmaceutica Ltda, Brazil ·
CMC Machinery ·
Kambert Machinery Company Private Limited ·
N. K. Engineering Company ·
Kevin Process Technologies Private Limited ·
Restech Pharmaceuticals |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2013
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Names of Shareholders |
No. of Shares |
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Zydus Family
Trust |
7326 |
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Ramanbhai B.
Patel with Pankaj Trust |
3317 |
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Parmat
Family Trust |
2304 |
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Jayant
Veljibhai Khambhatta |
1986 |
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Shardaben Jayantilal Khambhatta |
1854 |
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Vinit Jayantilal Khambhatta |
1854 |
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Ketan Jayantilal Khambhatta |
1854 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1) Shareholders' Funds |
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(a) Share Capital |
2.220 |
2.220 |
2.220 |
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(b) Reserves & Surplus |
131.480 |
124.661 |
115.558 |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
133.700 |
126.881 |
117.778 |
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(3) Non-Current
Liabilities |
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(a) Long-term borrowings |
0.775 |
50.920 |
45.831 |
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(b) Deferred tax liabilities (Net) |
6.899 |
3.981 |
6.233 |
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(c) Other long
term liabilities |
0.752 |
0.449 |
0.233 |
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(d) Long-term
provisions |
8.192 |
14.843 |
18.320 |
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Total Non-current
Liabilities (3) |
16.618 |
70.193 |
70.617 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
18.852 |
16.405 |
16.740 |
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(b)
Trade payables |
117.219 |
109.592 |
73.062 |
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(c)
Other current liabilities |
95.734 |
40.434 |
46.951 |
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(d) Short-term provisions |
18.531 |
19.347 |
7.999 |
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Total Current
Liabilities (4) |
250.336 |
185.778 |
144.752 |
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TOTAL |
400.654 |
382.852 |
333.147 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i)
Tangible assets |
77.841 |
81.940 |
69.614 |
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(ii)
Intangible Assets |
6.375 |
6.064 |
1.008 |
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(iii)
Capital work-in-progress |
0.000 |
0.814 |
0.648 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.001 |
0.001 |
0.001 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
20.073 |
11.465 |
13.030 |
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(e) Other
Non-current assets |
0.000 |
48.452 |
42.455 |
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Total Non-Current
Assets |
104.290 |
148.736 |
126.756 |
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(2) Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
153.822 |
132.087 |
133.328 |
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(c)
Trade receivables |
132.632 |
92.602 |
62.337 |
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(d) Cash
and cash equivalents |
0.359 |
0.793 |
4.702 |
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(e)
Short-term loans and advances |
7.648 |
7.376 |
4.951 |
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(f)
Other current assets |
1.903 |
1.258 |
1.073 |
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Total
Current Assets |
296.364 |
234.116 |
206.391 |
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TOTAL |
400.654 |
382.852 |
333.147 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Revenue from Operations (Net) |
618.164 |
697.202 |
628.720 |
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Other Income |
3.697 |
2.640 |
1.405 |
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TOTAL (A) |
621.861 |
699.842 |
630.125 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
266.258 |
324.057 |
267.816 |
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Purchases of Stock-in-Trade |
0.000 |
0.844 |
34.261 |
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Changes in Inventories of Finished Goods, Work-in-progress and
Stock-in-Trade |
(14.037) |
2.391 |
2.092 |
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Employees Benefits Expenses |
143.321 |
136.281 |
132.785 |
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Other Expenses |
178.176 |
188.095 |
157.835 |
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TOTAL (B) |
573.718 |
651.668 |
594.789 |
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Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
48.143 |
48.174 |
35.336 |
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Less |
FINANCIAL
EXPENSES (D) |
7.873 |
10.294 |
1.905 |
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PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.270 |
37.880 |
33.431 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.959 |
8.414 |
7.528 |
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PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
30.311 |
29.466 |
25.903 |
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Less |
TAX (H) |
10.506 |
7.462 |
11.787 |
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PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
19.805 |
22.004 |
14.116 |
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Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
57.161 |
51.558 |
45.847 |
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Less |
APPROPRIATIONS |
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Proposed Dividend |
11.100 |
11.100 |
4.995 |
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CDT on Proposed Dividend |
1.886 |
1.801 |
0.810 |
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Transfer to General Reserve |
3.000 |
3.500 |
2.600 |
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BALANCE CARRIED
TO THE B/S |
60.980 |
57.161 |
51.558 |
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EARNINGS IN
FOREIGN CURRENCY |
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FOB Value of Exports |
0.000 |
0.000 |
41.185 |
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Others |
9.027 |
5.316 |
0.000 |
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TOTAL EARNINGS |
9.027 |
5.316 |
41.185 |
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IMPORTS |
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Raw Materials |
3.281 |
4.550 |
5.978 |
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TOTAL IMPORTS |
3.281 |
4.550 |
5.978 |
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Earnings/ (Loss)
Per Share (Rs.) |
892.12 |
991.17 |
635.86 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
16, Azad Society, Ambawadi, Ahmedabad – 380 015, Gujarat, India |
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Tel. No.: |
91-79-26767467 |
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Fax No.: |
91-79-26868337 |
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E-Mail : |
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Website : |
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Head Office/ Factory : |
Plot No.3604 and 3605, GIDC Industrial Estate, Phase IV, Vatva, Ahmedabad – 382 445, Gujarat, India |
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Tel. No.: |
91-79-25841491/ 92/ 93/ 25841717/ 53 |
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Fax No.: |
91-79-25842602 |
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E-Mail : |
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Location : |
Owned |
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Sales Office : |
Located at: ·
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Chennai ·
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Kolkata ·
Mumbai ·
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International Sales Office : |
Located at: ·
North America ·
Europe |
NOTE:
The registered office of the company has been shifted from “Zydus
Tower”, Satellite Cross Roads, Ahmedabad – 380015, Gujarat to the present
address w.e.f. 01.09.2008.
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.