MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

MEDIHAUXE INTERNATIONAL PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CHEM11718A

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Information denied by management

 

 

BUSINESS DETAILS

 

Line of Business :

Distributor of Pharmaceutical Products.

 

 

GENERAL INFORMATION

 

No. of Employees :

Information denied by management

 

 

Bankers :

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

Short Term Borrowings

 

 

Loans Repayable on Demand

 

 

From Banks

84.720

74.010

Total

84.720

74.010

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Loans and advances from related parties

37.340

39.350

Total

37.340

39.350

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

B Purushottam and Company

Chartered Accountants

Address :

Flat No. 3 D, Pioneer Homes, 23/A, North Boag Road, T Nagar, Chennai-600017, Tamilnadu, India

PAN No:

AADFB9589N

 

 

Holding Company :

·         Palepu Pharma Private Limited

CIN No.: U24230TN2007PTC064220

 

 

Other Related Parties :

·         Medihauxe International (Proprietary Concern of Manjunath Adiga)

·         Keimed Limited

·         Pleasant Exports

 

 

MAJOR SHAREHOLDERS

 

As on 05.09.2013

 

Names of Shareholders

 

No. of Shares

Manjunath Adiga

 

117500

Palepu Pharma Private Limited, India

 

255000

Keimed Private Limited, India

 

125000

Eeshan K. Adiga

 

2500

Total

 

500000

 


 

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

5.000

5.000

5.000

(b) Reserves & Surplus

133.983

102.717

71.230

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.00

Total Shareholders’ Funds (1) + (2)

138.983

107.717

76.230

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

37.340

39.350

29.300

(b) Deferred tax liabilities (Net)

0.000

1.292

1.177

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.275

0.198

0.064

Total Non-current Liabilities (3)

37.615

40.840

30.541

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

84.720

74.010

29.595

(b) Trade payables

30.620

51.068

52.378

(c) Other current liabilities

1.375

8.715

26.589

(d) Short-term provisions

5.722

8.355

4.882

Total Current Liabilities (4)

122.437

142.148

113.444

 

 

 

 

TOTAL

299.035

290.705

220.215

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3.669

2.065

1.984

(ii) Intangible Assets

13.333

23.917

29.896

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

0.947

0.000

0.000

(e) Other Non-current assets

0.556

0.556

0.500

Total Non-Current Assets

18.505

26.538

32.380

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

137.864

141.447

97.494

(c) Trade receivables

126.240

117.765

87.144

(d) Cash and cash equivalents

4.065

0.896

0.884

(e) Short-term loans and advances

7.500

0.000

0.000

(f) Other current assets

4.861

4.059

2.313

Total Current Assets

280.530

264.167

187.835

 

 

 

 

TOTAL

299.035

290.705

220.215

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

987.100

943.700

774.800

 

 

Other Income

NA

NA

0.792

 

 

TOTAL                                    

NA

NA

775.592

 

 

 

 

 

Less

EXPENSES

NA

NA

730.217

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

60.500

55.900

45.375

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

11.100

6.400

7.961

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX

49.400

49.500

37.414

 

 

 

 

 

Less

TAX                                                     

16.600

16.900

12.717

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

32.800

32.600

24.697

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

59.000

30.000

7.370

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

3.300

2.400

1.235

 

 

Proposed Dividend

1.300

1.000

0.872

 

 

Tax on Proposed Dividend

0.200

0.200

0.000

 

BALANCE CARRIED TO THE B/S

87.000

59.000

29.960

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

65.46

65.30

--

 


 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

RBI DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

40/32, Karpagambal Nagar, Near Nageswara Rao, Mylapore, Chennai-600004, Tamilnadu, India

Tel. No.:

91-44-24992495

Fax No.:

91-44-24992491

E-Mail :

medohauxe@yahoo.in

 

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.