MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	FOURRTS (INDIA) LABORATORIES PRIVATE LIMITED (w.e.f.12.06.1996)
Formerly Known As :	FOURTS (INDIA) LABORATORIES PRIVATE LIMITED
Country :	India
Financials (as on) :	31.03.2013
PAN No.: [Permanent Account No.]	AAACF0467F
Legal Form :	Private Limited Liability Company
No. of Employees :	2000 (Approximately)

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Importer of Pharmaceutical Formulations

Products :

Item Code No. (ITC Code)	Product Description
30049025	Capsules
30049025	Liquids
30049025	Tablets

Exports :

Products :

Pharmaceuticals Medicines

Countries :

South Africa

Imports :

Products :

Raw Material

Countries :

China

Terms :

Selling :

L/C, Cash and Credit

Purchasing :

L/C, Cash and Credit

ACTUAL PRODUCTION FOR EACH CLASS OF GOODS AS ON 31.03.2011

Description	Unit	Qty.
Tablets	Lacs	13,876.78
Capsules	Lacs	549.57
Liquids	Ltrs.	8,73,500.05
Ointments	Kgs.	1,42,392.14
Vials	Kgs.	4,056.00

OPERATIONS:

GENERAL INFORMATION

Suppliers :

Jagarmal and Company

Customers :

Wholesalers, retailer and End Users

· Vijay Sai Medicals Distributors

No. of Employees :

2000 (Approximately)

Bankers :

· State Bank of India, Industrial Finance Branch, No.155, Ann Salai, Chennai – 600002, Tamilnadu, India

· Axis Bank, Adyar, Chennai, Tamilnadu, India

Facilities :

Secured Loan	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
Long Term Borrowing
Rupee term loans from banks	253.156	413.068
Short Term Borrowing
Term loans from banks	631.128	474.584
Total	884.284	887.652

Unsecured Loan	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
Long Term Borrowing
Deposits from others	1.871	1.871
Total	1.871	1.871

Banking Relations :
Auditors :
Name :	Vijayaraghavan and Associates Chartered Accountants
Address :	Old No. 23, 51, Giri Road, T. Nagar, Chennai – 600 017, Tamilnadu, India
PAN No.:	AAAFV1842R

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 07.09.2012

Names of Shareholders	No. of Shares
Lalitha Guru	675
Aishwarya	1225
K S Narayanswamy	300
C H Kamalam	1900
S P Gopalakrishnan	650
Parvathi Ramachandran	600
S P Ramachandran	600
P S Ramachandran	4000
Lalitha Gopalakrishnan	550
Ashwin	1600
R Rajagopal	75
Uma Venkatesh	3000
S V Veerramani	950000
K S Kamala	2000
V Gayathri	118805
K N Rajammal	700
V Nithya	116180
Radha Veirramani	1001030
N Mahadevan	1900
M Radha	250
P Kamla	650
L N Paramasivan	350
Nalina Seshadri	2000
Vidya Hariharan	2400
R Seshadri	2000
K S Saraswathi	750
Suguna Ravi	2250
S S Radhakrishnan	2000
S V Subramanian	8000
Geetha Narayanan	2000
J. Sunder	3200
L. Mohan Iyer	3200
Total	2234840

Allottees As on 30.11.2013

Names of Shareholders	No. of Shares
S.V. Veerramani	280000
Radha Veirramani	274000
Total	554000

Allottees As on 30.11.2012

Names of Shareholders	No. of Shares
S.V. Veerramani	200000
Radha Veirramani	204000
Total	404000

As on 07.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	99.00
Other top fifty shareholders	1.00
Total	100.00

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	293.684	223.484	160.124
(b) Reserves & Surplus	436.210	454.625	408.658
(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)	729.894	678.109	568.782
(3) Non-Current Liabilities
(a) long-term borrowings	255.027	414.939	381.183
(b) Deferred tax liabilities (Net)	63.658	14.773	12.720
(c) Other long term liabilities	13.982	15.532	15.432
(d) long-term provisions	37.511	36.125	29.495
Total Non-current Liabilities (3)	370.178	481.369	438.830
(4) Current Liabilities
(a) Short term borrowings	631.128	474.584	433.381
(b) Trade payables	226.366	245.793	224.679
(c) Other current liabilities	13.226	12.500	10.339
(d) Short-term provisions	102.508	76.088	85.422
Total Current Liabilities (4)	973.228	808.965	753.821
TOTAL	2073.300	1968.443	1761.433
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	837.405	151.150	153.858
(ii) Intangible Assets	70.473	0.000	0.000
(iii) Capital work-in-progress	0.000	612.458	386.186
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.003	0.003	0.003
(c) Deferred tax assets (net)	10.942	19.848	15.780
(d) Long-term Loan and Advances	8.739	6.728	6.104
(e) Other Non-current assets	0.000	148.836	47.733
Total Non-Current Assets	927.562	939.023	609.664
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	186.097	164.344	113.946
(c) Trade receivables	471.162	462.191	385.265
(d) Cash and cash equivalents	419.565	297.442	457.658
(e) Short-term loans and advances	53.823	97.644	189.960
(f) Other current assets	15.091	7.799	4.940
Total Current Assets	1145.738	1029.420	1151.769
TOTAL	2073.300	1968.443	1761.433

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Gross Income	2403.000	2156.200	2057.900
		Other Income
		TOTAL	2403.000	2156.200	2057.900
Less	EXPENSES		2301.500	2064.300	1842.800
	PROFIT BEFORE TAX		101.500	91.900	215.100
Less	TAX		57.833	(2.016)	74.500
	PROFIT AFTER TAX		43.667	93.916	140.600
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	23.400	17.500
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	NA	100.000
		Dividend	53.400	38.900	30.200
		Tax on Dividend	8.700	6.300	4.900
		Income Tax Provision	NA	NA	2.500
		Deferred Tax - Net	NA	NA	(2.900)
	BALANCE CARRIED TO THE B/S		NA	NA	23.400
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	311.330	341.827	397.586
	TOTAL EARNINGS		311.330	341.827	397.586
	IMPORTS
		Raw Materials	NA	88.761	86.994
		Stores & Spares	NA	0.220	NIL
		Equipment	NA	2.416	25.162
	TOTAL IMPORTS		NA	91.397	27.578
	EARNING PER SHARE		14.87	--	--

Particulars	31.03.2014
Sales Turnover	3000.000

Expected Sales ( 2014-2015 ) : Rs.3750.000

The above information has been parted by Mr. Dev Guru.

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Exist

Litigation Details

CHENNAI COURT
CASE STATUS INFORMATION SYSTEM

Case Status:	Pending
Status Of:	APPLICATION
Case No.:	2237
Year :	2010
Petitioner :	SUN PHARMACEUTICAL INDUSTRIES
Respondent :	M/S.FOURRTS(INDIA)LABORATORIES
Pet's Advocate :	M/S. A. RAMESH KUMAR
Res's Advocate :	M/S.C.DANIEL
Category :	Trade Marks Act, 1999
	Last Listed on: No Date Mentioned
Case Updated on :	May 3 2010

No Connected Application(s)

No Connected Matter(s)

RBI DEFAILTERS’ LIST STATUS

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

LOCATIONS

Registered/ Corporate office :	Plot No. 1 and 2, Fourrts Avenue, Annai Indira Nagar, Okkiyam, Thoraipakkam, Chennai – 600096, Tamilnadu, India
Tel. No.:	91-44-24581666/24581899 / 4344 1880 (10 Lines)
Fax No.:	91-44-24581199 / 4282 9592
E-Mail :	accounts@fourrts.com fourrts@vsnl.com admin@fourrts.com
Website :	www.fourrts.com
Location :	Owned
Area:	5000 sq. ft.
Factory 1 :	7 Vandalur Road, Kelambakkam, Chinglepet – 603103, Tamilnadu, India
Tel. No.:	91-44-27474325 / 4740 4310 (5 lines)
Fax No.:	91-44-27475083
E-Mail :	fourrts@vsnl.com fourrts@plantfourrts.com
Location :	Owned
Area:	10000 sq. ft.

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