MIRA
INFORM REPORT
|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALKEM LABORATORIES LIMITED (w.e.f.21.08.2001) |
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Formerly Known
As : |
ALKEM LABORATORIES PRIVATE LIMITED |
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Registered
Office : |
Alkem House, Devashish, Senapati Bapat Marg, Lower Parel, Mumbai –
400013, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
08.08.1973 |
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Com. Reg. No.: |
11-174201 |
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Capital
Investment / Paid-up Capital : |
Rs.119.565
Millions |
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|
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CIN No.: [Company Identification
No.] |
U00305MH1973PLC174201 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PTNA00241D |
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PAN No.: [Permanent Account No.] |
AABCA9521E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Active Pharmaceutical Ingredients, Generic, Branded, Nutraceuticals
Products and also in Investing and Real Estate Business. |
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No. of Employees
: |
8500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well-established company having fine track record. 23 Ac for the year 2014 could not be made available from any source As per available financials, rating reflects Alkem’s established
position in the formulations market in India supported by adequate liquidity
position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the Companies
Act is the latest manifestation of a messy fight between a father and his
adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = AA |
|
Rating Explanation |
High degree at safety and very low credit risk |
|
Date |
17.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
17.06.2014 |
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 DENIED
Management non corporative (91-22-39829999)
LOCATIONS
|
Registered/ Head Office : |
Alkem House, Devashish, Senapati Bapat Marg, Lower Parel, Mumbai –
400013, Maharashtra, India |
|
Tel. No.: |
91-22-39829999 |
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Fax No.: |
91-22-24862789 |
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Email: |
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Website : |
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Location : |
Owned |
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Factory 1 : |
C 6/1, MIDC Industrial
Estate, Taloja, District Raigad, |
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Factory 2 : |
N. H. No. 8, Village Naugama,
Jhagadia, District – Bharuch, |
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Factory 3: |
333/1, Kachigam, |
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Factory 4: |
167/2, Amaliya, Dabhel,
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Factory 5: |
289/290, GIDC,
Ankleshwar , District – Bharuch, |
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Factory 6: |
167/1, Amaliya, Dabhel, Daman, India |
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Factory 7: |
Village Thane – Baddi, Th- Nalagarh, District – Solan, Himachal Pradesh, India |
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Factory : |
Also Located At: · Sikkim ·
Daman |
DIRECTORS
As on 18.08.2014
|
Name : |
Mr. Dhananjay Kumar Singh |
|
Designation : |
Whole-time director |
|
Address : |
Flat No 16, 16th Floor, Vasudha Apartment, Worli, Mumbai –
400025, Maharashtra, India |
|
Date of Birth/Age : |
29.07.1962 |
|
Qualification : |
B.A |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
00739153 |
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Name : |
Mr. Prabhat Narain Singh |
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Designation : |
Whole-time director |
|
Address : |
103, Shriram Place, East Boring, Canal Road, Patna – 800001, Bihar,
India |
|
Date of Birth/Age : |
13.10.1952 |
|
Qualification : |
B.A |
|
Date of Appointment : |
01.04.2011 |
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DIN No.: |
00739296 |
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Name : |
Balmiki Prasad Singh |
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Designation : |
Whole-time director |
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Address : |
1st Floor, Room No. 101, Westmore II, Pochkhanwala Road,
Worli, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
26.12.1954 |
|
Qualification : |
B.com |
|
Date of Appointment : |
01.04.2011 |
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DIN No.: |
00739856 |
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|
|
Name : |
Mr. Nawal Kishore Singh |
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Designation : |
Whole-time director |
|
Address : |
Budha Colony, Boring Canal Road, Patna – 800001, Bihar, India |
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Date of Birth/Age : |
09.03.1951 |
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Qualification : |
B.com |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
00758505 |
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Name : |
Samprada Singh |
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Designation : |
Whole-time director |
|
Address : |
Budha Colony, Boring Canal Road, Patna – 800001, Bihar, India |
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Date of Birth/Age : |
02.05.1930 |
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Qualification : |
B.com |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00760279 |
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|
|
Name : |
Mr. Basudeo Narayan Singh |
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Designation : |
Managing director |
|
Address : |
Budha Colony, Boring Canal Road, Patna – 800001, Bihar, India |
|
Date of Birth/Age : |
20.11.1940 |
|
Qualification : |
M.A |
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Date of Appointment : |
01.04.2012 |
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DIN No.: |
00760310 |
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|
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Name : |
Mr. Mritunjaykumar Singh |
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Designation : |
Whole-time director |
|
Address : |
3-31, Suraiya Apartment, Sir Pochkhanwala Road, Worli, Mumbai –
400025, Maharashtra, India |
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Date of Birth/Age : |
04.11.1963 |
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Qualification : |
B.Sc, DAM |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
00881412 |
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Name : |
Mr. Mangaldas Chhaganlal Shah |
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Designation : |
Director |
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Address : |
D-34/310, MIG Gandhi Nagar, Bandra (East), Mumbai – 400051,
Maharashtra, India |
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Date of Birth/Age : |
04.07.1933 |
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Qualification : |
B.com |
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Date of Appointment : |
26.09.2007 |
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DIN No.: |
01353574 |
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Name : |
Ennapadam Narayanan Shankar |
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Designation : |
Director |
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Address : |
26A Venus, Worli Sea Face, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
15.01.1935 |
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Qualification : |
B.com |
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Date of Appointment : |
30.09.2008 |
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DIN No.: |
02118438 |
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Name : |
Singh Sandeep Satish Kumar |
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Designation : |
Director |
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Address : |
403 /404 Richoux Society, Jn Of St. Joseph Rd And Kantw Bandra Mumbai
- 400050, Maharashtra, India |
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Date of Birth/Age : |
23.07.1982 |
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Date of Appointment : |
09.08.1973 |
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DIN No.: |
01277984 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Abnashi Lal Narang |
|
Designation : |
Secretary |
|
Address : |
B-603, 6th Floor, Mercury Building, Suncity Apartments, Powai,
Mumbai – 400076, Maharashtra, India |
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Date of Birth/Age : |
31.08.1970 |
|
Date of Appointment : |
16.12.2006 |
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PAN No.: |
AAHPN6263D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.08.2014
SHAREHOLDING DETAILS FILE ATTACHED
As on 18.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
78.20 |
|
Other |
21.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Active Pharmaceutical Ingredients, Generic, Branded,
Nutraceuticals Products and also in Investing and Real Estate business. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Export : |
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Country : |
·
USA ·
Australia ·
Nigeria |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash / Credit (30 Days) |
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Purchasing : |
Cash / Credit (30 Days) |
GENERAL INFORMATION
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Suppliers: |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
8500 (Approximately) |
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Bankers : |
·
Barclays Bank Plc, One Reffles Quay, Level 28, South Tower,
Singapore - 048583, Singapore ·
State Bank of India, Industrial Finance
Branch, Shivsagar Estate, Worli-(S), Mumbai - 400018, Maharashtra, India ·
DBS Bank Limited. Upper DLF Capitol Point, Gr
& 1st Floor, Baba Kharak Singh Marg, Connaught Place, New Delhi -
110001,Delhi, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
--- |
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Financial Institutions : |
· Member Secretary Single Window Clearance Agency Department Of Industries, Baddi, Tehsil - Nalagarh, Solan - 173205, Himachal Pradesh, India · BNP Paribas, 20, Collyer Quay, #01-01, Tung Centre, Singapore - 049319, Singapore |
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Auditors : |
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Name : |
R.S. Sanghai and Associates Chartered Accountants |
|
Address : |
A/403, Raj Kaman
Heights, Raj Kamal Marg, Dr S S Rao Marg, Lower Parel, Mumbai – 400012,
Maharashtra, India |
|
PAN No.: |
AAHPS2141R |
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Subsidiaries,
Fellow Subsidiaries and Others |
· Alkem Laboratories (NIG) Limited · Alkem Laboratories (PTY) Limited · Alkem Pharma GmbH · Alkem Laboratories Corporation · S and B Holdings B.V. · Pharmacor Pty Limited · Angelic Holdings SA · The Pharmanetwork, LLC · Ascends Laboratories SDN BHD · Ascends Laboratories SpA · Enzene Biosciences Limited · Alkem Laboratories Korea Inc · Pharmacor Limited · S and B Pharma Inc. · The Pharma Network, LLP · Ascend Laboatories, LLC · TPN Italia, SRS · TPN China, Inc. ·
Medical Speciality Consulting, LLC |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs.150.000 Millions |
|
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11956500 |
Equity Shares |
Rs. 10/- each |
Rs.119.565
Millions |
|
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|
|
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 |
119.565 |
119.565 |
119.565 |
|
(b) Reserves & Surplus |
23619.090 |
18935.714 |
14958.825 |
|
(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) |
23738.655 |
19055.279 |
15078.390 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
922.845 |
1271.875 |
668.925 |
|
(b) Deferred tax liabilities (Net) |
498.968 |
364.093 |
308.924 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
314.114 |
342.639 |
338.197 |
|
Total Non-current Liabilities (3) |
1735.927 |
1978.607 |
1316.046 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
11032.827 |
6763.501 |
6648.228 |
|
(b) Trade payables |
2575.405 |
2624.136 |
1667.226 |
|
(c) Other current
liabilities |
1161.968 |
967.163 |
779.324 |
|
(d) Short-term provisions |
237.263 |
435.288 |
404.039 |
|
Total Current Liabilities (4) |
15007.463 |
10790.088 |
9498.817 |
|
|
|
|
|
|
TOTAL |
40482.045 |
31823.974 |
25893.253 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7552.942 |
5781.828 |
4631.921 |
|
(ii) Intangible Assets |
42.533 |
15.213 |
22.236 |
|
(iii) Capital
work-in-progress |
725.375 |
852.119 |
188.981 |
|
(iv)
Intangible assets under development |
139.507 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1034.098 |
499.864 |
109.738 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4050.467 |
2899.594 |
1430.621 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
13544.922 |
10048.618 |
6383.497 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4759.785 |
3221.998 |
422.566 |
|
(b) Inventories |
4428.546 |
2971.322 |
2279.187 |
|
(c) Trade receivables |
3018.027 |
2575.567 |
1627.324 |
|
(d) Cash and cash
equivalents |
12569.163 |
11308.371 |
14236.337 |
|
(e) Short-term loans and
advances |
1278.310 |
857.367 |
446.392 |
|
(f) Other current assets |
883.292 |
840.731 |
497.950 |
|
Total Current Assets |
26937.123 |
21775.356 |
19509.756 |
|
|
|
|
|
|
TOTAL |
40482.045 |
31823.974 |
25893.253 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23278.951 |
19533.962 |
16524.458 |
|
|
|
Other Income |
1692.357 |
1348.382 |
1098.161 |
|
|
|
TOTAL (A) |
24971.308 |
20882.344 |
17622.619 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
6483.429 |
5863.247 |
5419.744 |
|
|
|
Purchases of stock-in-trade |
3753.121 |
2587.925 |
1939.931 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(1233.260) |
(587.020) |
(235.566) |
|
|
|
Employee benefit expense |
3684.115 |
2758.388 |
2516.587 |
|
|
|
Other expenses |
6032.498 |
4901.848 |
3785.487 |
|
|
|
TOTAL (B) |
18719.903 |
15524.388 |
13426.183 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6251.405 |
5357.956 |
4196.436 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
792.155 |
534.731 |
373.879 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5459.250 |
4823.225 |
3822.557 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
360.152 |
279.402 |
270.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5099.098 |
4543.823 |
3552.096 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
137.799 |
289.011 |
317.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4961.299 |
4254.812 |
3234.250 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4430.477 |
2453.588 |
928.475 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2500.000 |
2000.000 |
1500.000 |
|
|
|
Interim Dividend |
239.130 |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
0.000 |
239.130 |
0.000 |
|
|
|
Final Dividend |
0.000 |
0.000 |
179.348 |
|
|
|
Tax on Dividend |
38.793 |
38.793 |
29.789 |
|
|
BALANCE CARRIED
TO THE B/S |
6613.853 |
4430.477 |
2453.588 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods (at F.O.B.) |
2253.825 |
1702.541 |
1519.351 |
|
|
|
Freight |
10.148 |
32.281 |
15.783 |
|
|
|
Insurance |
0.056 |
0.148 |
0.003 |
|
|
|
Local Sales |
0.000 |
0.444 |
0.277 |
|
|
|
Manufacturing Charges |
0.000 |
15.110 |
0.000 |
|
|
|
Technology Income |
270.125 |
0.000 |
0.000 |
|
|
|
Deemed Exports |
0.000 |
0.000 |
5.484 |
|
|
TOTAL EARNINGS |
2534.154 |
1750.524 |
1540.898 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
606.721 |
425.537 |
367.490 |
|
|
|
Stores & Spares |
89.819 |
115.034 |
23.724 |
|
|
|
Capital Goods |
260.803 |
276.777 |
104.464 |
|
|
TOTAL IMPORTS |
957.343 |
817.348 |
495.678 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
415.00 |
356.00 |
271.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
21.31 |
21.78 |
19.57 |
|
|
|
|
|
|
|
Operating Profit Margin (PBITD/Sales) |
(%) |
26.85 |
27.43 |
25.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.22
|
14.91 |
13.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.24 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.50
|
0.42 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
2.02 |
2.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
119.565 |
119.565 |
119.565 |
|
Reserves & Surplus |
14958.825 |
18935.714 |
23619.090 |
|
Net
worth |
15078.390 |
19055.279 |
23738.655 |
|
|
|
|
|
|
long-term borrowings |
668.925 |
1271.875 |
922.845 |
|
Short term borrowings |
6648.228 |
6763.501 |
11032.827 |
|
Total
borrowings |
7317.153 |
8035.376 |
11955.672 |
|
Debt/Equity
ratio |
0.485 |
0.422 |
0.504 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
16524.458 |
19533.962 |
23278.951 |
|
|
|
18.212 |
19.172 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
16524.458 |
19533.962 |
23278.951 |
|
Profit |
3234.25 |
4254.812 |
4961.299 |
|
|
19.57% |
21.78% |
21.31% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current
maturities of long-term debt |
434.280 |
254.375 |
0.000 |
|
Total |
434.280 |
254.375 |
0.000 |
|
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
|
LITIGATION DETAILS |
||||
|
Bench:- Bombay |
||||
|
Presentation Date: 01/08/2014 |
||||
|
Lodging No. : |
ARBAPL/1203/2014 |
Failing Date:- |
01/08/2014 |
|
|
|
||||
|
Petitioner:- |
ISSAR PHARMACEUTICALS PRIVATE LIMITED |
Respondent:- |
ALKEM LABORATORIES LIMITED |
|
|
Petn.Adv:- |
DEVEN DWARKADAS AND PARTNERS |
Resp. Adv.: |
W S KANE AND COMPANY |
|
|
District:- |
OUTSIDE MAHARASHTRA |
|||
|
|
||||
|
Bench:- |
Single |
Category:- |
ARBITRATION APPLICATIONS |
|
|
Status:- |
Pre-Admission |
|
|
|
|
|
|
|||
|
Act. : |
Arbitration and Conciliation Act 1996 |
|
||
OPERATIONS:
The Company’s sales (Gross) has increased to Rs. 23352.873 Millions as against Rs. 19735.260 Millions for the previous year resulting in an increase of 18.33% over the previous year.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
|
|
|
|
Deposits |
94.160 |
47.867 |
|
Loans and advances from directors |
224.500 |
153.580 |
|
Loans and advances from others |
236.408 |
208.248 |
|
Total |
555.068 |
409.695 |
INDEX OF CHARGES
* Date of charge modification
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10483471 |
06/03/2014 |
901,414,059.00 |
DBS BANK LIMITED. |
Upper DLF Capitol Point, Gr & 1st Floor,, Baba Kharak Singh Marg,
Connaught Place, New Delhi, Delhi - 110001, INDIA |
B98848278 |
|
2 |
10269240 |
28/01/2011 |
678,000,000.00 |
BNP PARIBAS |
20, COLLYER QUAY, #01-01, TUNG CENTRE, SINGAPORE, |
B06199202 |
|
3 |
10232472 |
08/07/2010 |
1,640,000,000.00 |
BARCLAYS BANK PLC |
ONE REFFLES QUAY,, LEVEL 28, SOUTH TOWER, SINGAPORE, - 048583,
SINGAPORE |
A90782939 |
|
4 |
10072610 |
12/09/2007 |
3,000,000.00 |
MEMBER SECRETARY SINGLE WINDOW CLEARANCE AGENCY |
DEPARTMENT OF INDUSTRIES, BADDI, TEHSIL - NALAGAR |
A25615204 |
|
5 |
90264437 |
08/07/2010 * |
1,750,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, SHIVSAGAR ESTATE,WORLI |
A88704135 |
|
6 |
80002922 |
03/08/1999 |
360,000,000.00 |
State Bank of India |
Industrial Finance Branch, Shivsagar Estate, Worli (S), Mumbai,
Maharashtra - 400018, INDIA |
- |
FIXED ASSETS
Tangible Assets
Ø Land
Ø Building
Ø Office building
Ø Factory building
Ø Building
Ø Plant and machinery
Ø Office equipments
Ø Factory equipments
Ø Computer
equipments
Ø Other equipments
Ø Furniture and
fixtures
Ø Vehicles
Ø Motor vehicles
Ø Livestock
Intangible Assets
Ø Computer software
Ø Knowhow
Ø Patents trademarks
design
Ø Commercial
contractual rights
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.61.85 |
|
|
1 |
Rs.96.73 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
68 |
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.