MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

MEDOPHARM PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Information denied by the management.

 

 

BUSINESS DETAILS

 

Line of Business :

The Company is in the Business of Manufacturing and Sales including Exports of Pharmaceutical Products.

 

 

GENERAL INFORMATION

 

No. of Employees :

Information denied by the management.

 

 

Bankers :

·         Karnataka Bank Limited, T.C. Street Branch, 171, Thambu Chetty Street, Chennai – 600001, Tamilnadu, India

·         Indian Bank, Madras George Town Branch, No.155, Thambu Chetty Street, Chennai – 600001, Tamilnadu, India

·         HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Term loans from banks

40.082

11.174

 

 

 

Short Term Borrowings

 

 

Term loans from banks

134.852

120.555

 

 

 

TOTAL

174.934

131.729

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Loans and advances from related parties

161.645

140.576

Other loans and advances

37.081

33.678

 

 

 

TOTAL

198.726

174.254

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

K.C. Sthalasayanam

Chartered Accountants

Address :

New No. 177, Old No. 87, Vinayaga Nagar, Kutchery Road, Mylapore, Tamilnadu, India

PAN No:

AABPL2791C

 

 

Other Related Parties :

·         Agma Packaging Private Limited [U21022TN2004PTC054914]

·         Castor and Pollux Private Limited [U24232TN2002PTC050109]

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2013

 

Names of Shareholders

 

No. of Shares

Sardarmal Mohanmull Chordia

23334

Ranjithmal Chordia

5367

Ranjithmal Chordia and Sons HUF

21300

Sampathmal Chordia and Sons HUF

21300

Sampathmal Chordia

5366

Surendra Kumar Chordia

6500

Udhan Kumar Chordia

13333

Umedh Chordia

3500

Pannalal Chordia

1750

Gambhir Chordia

1750

Bela Chordia

6500

V. Chandrasekar Rao

20000

 

 

TOTAL

130000

 

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

130.000

110.000

100.000

(b) Reserves & Surplus

34.075

8.655

3.944

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

35.000

35.000

Total Shareholders’ Funds (1) + (2)

164.075

153.655

138.944

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

238.808

185.428

195.865

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

5.000

0.000

0.000

(d) Long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

243.808

185.428

195.865

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

134.852

120.555

129.443

(b) Trade payables

251.157

155.984

84.301

(c) Other current liabilities

23.907

45.390

122.955

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

409.916

321.929

336.699

 

 

 

 

TOTAL

817.799

661.012

671.508

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

281.766

241.942

244.645

(ii) Intangible Assets

47.176

54.464

61.751

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.520

0.360

0.300

(c) Deferred tax assets (net)

24.342

26.984

29.185

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

353.804

323.750

335.881

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

207.103

194.852

146.962

(c) Trade receivables

167.979

81.457

117.262

(d) Cash and cash equivalents

19.138

8.763

14.106

(e) Short-term loans and advances

69.775

52.190

57.297

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

463.995

337.262

335.627

 

 

 

 

TOTAL

817.799

661.012

671.508

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

701.834

532.296

496.303

 

 

 

 

 

Less

EXPENSES

NA

NA

NA

 

 

 

 

 

 

NET PROFIT / (LOSS)

8.062

6.912

4.529

 

 

WORKING RESULTS:

 

The Turn over Rs.701.834 Millions as against Rs. 532.296 Millions of previous year. The net profit also improved to Rs 8.062 Millions as against Rs 6.912 Millions of last year.

 

FUTURE PLANS:

 

As the company’s products are being registered in more and more countries and also due to MHRA approval the order position is improving day by day and for the next year the performance of the company is expected to improve further

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (32)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered / Corporate Office :

No. 25, Puliyur 2nd Main Road, Trustpuram, Chennai-600024, Tamilnadu, India

Tel. No.:

91-44-30149999

Fax No.:

Not Available

E-Mail :

support@medopharm.com

edoexpo@md3.vsnl.com

 

 

Factory 1 :

50, Kayarambedu Village, Guduvancherry, Chengalpattu-603203, Tamilnadu, India

Tel No.:

91-44-67456486

 

 

Factory 2 :

# Industrial Estate, Malur, Karnataka, India

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.