MIRA
INFORM REPORT
|
Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANUH PHARMA LIMITED |
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Registered
Office : |
A-3, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.02.1960 |
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Com. Reg. No.: |
11-011586 |
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Capital
Investment / Paid-up Capital : |
Rs. 41.760
Millions |
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CIN No.: [Company Identification
No.] |
L24230MH1960PLC011586 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA22404E / MUMA20261D |
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PAN No.: [Permanent Account No.] |
AAACA4478P |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of Bulk Drugs and Chemicals. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2400000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having fine track
record. Financial position of the company seems to be sound. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered normal for normal business dealings at
usual trade terms and condition. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term Cash Credit = BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
June 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term Non-fund based = A2+ |
|
Rating Explanation |
Have strong degree of safety and carry low
credit risk. |
|
Date |
June 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 BY
|
Name : |
Ms. Ashwini Ambrale |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-22-66227575 |
|
Date : |
17.12.2014 |
LOCATIONS
|
Registered/ Corporate Office : |
A-3, Shivsagar Estate, North Wing, Dr. Annie Besant Road, Worli, Mumbai
– 400018, Maharashtra, India |
|
Tel. No.: |
91-22-66227575/ 55527575 |
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Fax No.: |
91-22-55527600/ 66227500 |
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E-Mail : |
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Website : |
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Factory 1 : |
Anuh Pharma E-17/3 and 17/4, M.I.D.C.
Tarapur, Boisar, District Thane - 401506, Maharashtra, India |
|
Tel. No.: |
91-2525-272174/ 270281 |
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Fax No.: |
91-2525-270281 |
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E-Mail : |
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Factory 2 : |
Eskay Fine Chemicals Turbhe Thane Belapur Road, Navi Mumbai – 400705, Maharashtra, India |
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Telefax
: |
91-22-27681505/ 27681708 |
|
E-Mail : |
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R & D Division : |
A-514, TTC
Industrial Area, MIDC, Mahape, Navi Mumbai – 400701, Maharashtra, India |
DIRECTORS
As on 02.08.2013
|
Name : |
Mr. Jayantilal Popatlal Shah |
|
Designation : |
Director |
|
Address : |
Flat No. 3B, 31D Floor, New Suvas A, 68-F, Nepeansea Road, Malabar Hill, Mumbai - 400 006, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1929 |
|
Date of Appointment : |
29.10.1980 |
|
DIN No.: |
00083146 |
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Name : |
Mr. Lalitkumar Popatlal Shah |
|
Designation : |
Director |
|
Address : |
B-212, Amalfi, 27B, L.D. Ruparel Marg, Malabar Hill, Mumbai - 400 006 Maharashtra, India |
|
Date of Birth/Age : |
02.10.1936 |
|
Date of Appointment : |
29.10.1980 |
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DIN No.: |
00396345 |
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|
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|
Name : |
Mr. Bharat Nemchand Shah |
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Designation : |
Director |
|
Address : |
4'h Floor, Room No. 15, Bhartiya Bhavan, Netaji Subhash Road, Marine Drive, Mumbai - 400 020 Maharashtra, India |
|
Date of Birth/Age : |
06.09.1946 |
|
Date of Appointment : |
29.10.1980 |
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DIN No.: |
00083354 |
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PAN No.: |
ADUPS8329M |
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|
|
Name : |
Mr. Bipin Nemchand Shah |
|
Designation : |
Managing Director |
|
Address : |
180 1 Devdarshan, 50 Ridge Road, Teen Batti, Mumbai - 400 006 Maharashtra, India |
|
Date of Birth/Age : |
07.03.1949 |
|
Date of Appointment : |
04.09.1987 |
|
DIN No.: |
00083244 |
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PAN No.: |
AACPS5406N |
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|
|
Name : |
Mr. Jasvantlal Girdharilal Shah |
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Designation : |
Director |
|
Address : |
5711439, Adarsh Nagar, Prabhadevi, Dadar, Mumbai 400025 Maharashtra, India |
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Date of Birth/Age : |
24.11.1933 |
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Date of Appointment : |
09.08.1995 |
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DIN No.: |
00372600 |
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Name : |
Mr. Dilip Shah |
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Designation : |
Director |
|
Address : |
2/21 Beach Queen, 35b Azad Road, Juhu, Mumbai- 400049 Maharashtra, India |
|
Date of Birth/Age : |
25.04.1941 |
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Date of Appointment : |
30.10.2007 |
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DIN No.: |
01989812 |
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Name : |
Mr. Arun Todarwal |
|
Designation : |
Director |
|
Address : |
81, Shiner, 84, Nepean Sea Road, Mumbai, 400006, Maharashtra, India |
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Date of Birth/Age : |
16.06.1957 |
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Date of Appointment : |
24.10.2008 |
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DIN No.: |
00020916 |
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|
Name : |
Mr. Sandeep Madhusudan Joshi |
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Designation : |
Director |
|
Address : |
202 kasturi towers 238A, Lbs Marg opposite Red Cross Bhavan Thane, Thane-400602, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1961 |
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Date of Appointment : |
09.11.2012 |
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DIN No.: |
00516409 |
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|
Name : |
Mr. Gulabchand Sharda |
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Designation : |
Director |
|
Address : |
604 Swaroop Co Op. Housing SOC. Limited, Near Bhakti Mandir, Panchpakhadi, Thane (West), Thane-400602, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1944 |
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Date of Appointment : |
24.05.2013 |
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DIN No.: |
06583340 |
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PAN No.: |
AAMPS9620C |
KEY EXECUTIVES
|
Name : |
Ms. Ashwini Ambrale |
|
Designation : |
Company Secretary |
SHAREHOLDING PATTERN
As on 30.09.2014
|
Category
of Shareholder |
Total
No. of Shares |
As a % |
|
(A) Shareholding of Promoter
and Promoter Group |
|
|
|
|
|
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|
5252854 |
62.89 |
|
|
174804 |
2.09 |
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|
174804 |
2.09 |
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|
5427658 |
64.99 |
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Total shareholding of Promoter
and Promoter Group (A) |
5427658 |
64.99 |
|
(B) Public Shareholding |
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|
|
|
|
|
|
|
|
|
|
|
225685 |
2.70 |
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|
|
|
|
|
1920819 |
23.00 |
|
|
743741 |
8.90 |
|
|
34097 |
0.41 |
|
|
24882 |
0.30 |
|
|
8447 |
0.10 |
|
|
768 |
0.01 |
|
|
2924342 |
35.01 |
|
Total Public shareholding (B) |
2924342 |
35.01 |
|
Total (A)+(B) |
8352000 |
100.00 |
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
8352000 |
0.00 |
As on 02.08.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
4.05 |
|
Directors or relatives of Directors |
62.92 |
|
Other top fifty shareholders |
14.77 |
|
Others |
17.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bulk Drugs and Chemicals. |
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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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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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Auditors : |
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Name : |
S.I. Mogul and Company Chartered Accountants |
|
Address : |
73-B, Mittal Court, Nariman Point, Mumbai – 400021, Maharashtra, India
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PAN No.: |
AAMFS7435P |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
· S Kant Healthcare Limited · S.K. Age Exports · S Kant Chemicals Private Limited · S Kant Pharma Private Limited · Eskay Iodine Private Limited · Eskay Speciality Chemicals ·
Sevantilal Kantilal & Company |
CAPITAL STRUCTURE
As on 02.08.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 5/- each |
Rs.100.000 Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,352,000 |
Equity Shares |
Rs. 5/- each |
Rs. 41.760
Millions |
As on 31.03.2014
Authorized Capital: Rs.100.000 Million
Issued, Subscribed & Paid-up Capital: Rs.41.760
Million
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
41.760 |
41.760 |
41.760 |
|
(b) Reserves & Surplus |
817.053 |
714.475 |
650.298 |
|
(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) |
858.813 |
756.235 |
692.058 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.445 |
2.580 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.559 |
2.135 |
1.153 |
|
Total Non-current Liabilities (3) |
5.004 |
4.715 |
1.153 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
5.237 |
13.024 |
|
(b) Trade payables |
600.184 |
469.542 |
294.352 |
|
(c) Other current liabilities |
17.660 |
13.143 |
26.874 |
|
(d) Short-term provisions |
150.928 |
112.408 |
162.880 |
|
Total Current Liabilities (4) |
768.772 |
600.330 |
497.130 |
|
|
|
|
|
|
TOTAL |
1632.589 |
1361.280 |
1190.341 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
120.550 |
104.025 |
74.894 |
|
(ii) Intangible Assets |
0.985 |
0.773 |
0.304 |
|
(iii) Capital
work-in-progress |
1.780 |
25.980 |
34.280 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
80.286 |
55.790 |
250.618 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
1.170 |
|
(d) Long-term Loan and Advances |
13.285 |
9.270 |
6.686 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
216.886 |
195.838 |
367.952 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
188.000 |
138.022 |
75.125 |
|
(b) Inventories |
193.245 |
236.843 |
125.921 |
|
(c) Trade receivables |
747.472 |
544.361 |
390.885 |
|
(d) Cash and cash
equivalents |
154.713 |
133.767 |
66.430 |
|
(e) Short-term loans and
advances |
129.918 |
110.033 |
163.236 |
|
(f) Other current assets |
2.356 |
2.416 |
0.792 |
|
Total Current Assets |
1415.704 |
1165.442 |
822.389 |
|
|
|
|
|
|
TOTAL |
1632.590 |
1361.280 |
1190.341 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2663.977 |
2426.707 |
2256.786 |
|
|
|
Other Income |
41.487 |
22.275 |
30.099 |
|
|
|
TOTAL (A) |
2705.464 |
2448.982 |
2286.885 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2099.306 |
1968.956 |
1821.004 |
|
|
|
Purchases of Stock-in-Trade |
8.289 |
59.410 |
101.125 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
35.147 |
(27.523) |
(35.098) |
|
|
|
Employees benefits expense |
46.658 |
46.790 |
32.009 |
|
|
|
Other expenses |
242.799 |
207.412 |
169.144 |
|
|
|
TOTAL (B) |
2432.199 |
2255.045 |
2088.184 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
273.265 |
193.937 |
198.701 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.039 |
0.453 |
4.986 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
272.226 |
193.484 |
193.715 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.461 |
16.636 |
13.215 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
254.765 |
176.848 |
180.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
78.865 |
51.498 |
52.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
175.900 |
125.350 |
128.461 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
155.896 |
141.720 |
113.021 |
|
|
|
|
|
|
|
|
|
Add |
Income Tax adjustment of earlier years |
2.407 |
(2.545) |
3.626 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
50.000 |
50.000 |
50.000 |
|
|
|
Proposed final Dividend |
54.288 |
50.112 |
45.936 |
|
|
|
Tax on proposed final Dividend |
11.000 |
8.517 |
7.452 |
|
|
|
Interim Dividend |
10.440 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
208.475 |
155.896 |
141.720 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.06 |
15.01 |
15.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
6.60 |
5.16 |
5.69 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.25 |
7.99 |
8.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.43 |
13.82 |
19.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.23 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.01 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84 |
1.94 |
1.65 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
41.760 |
41.760 |
41.760 |
|
Reserves & Surplus |
650.298 |
714.475 |
817.053 |
|
Net worth |
692.058 |
756.235 |
858.813 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
13.024 |
5.237 |
0.000 |
|
Total borrowings |
13.024 |
5.237 |
0.000 |
|
Debt/Equity ratio |
0.019 |
0.007 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2256.786 |
2426.707 |
2663.977 |
|
|
|
7.529 |
9.777 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2256.786 |
2426.707 |
2663.977 |
|
Profit |
128.461 |
125.350 |
175.900 |
|
|
5.69% |
5.17% |
6.60% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
5] |
Type of Business |
No |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10038218 |
22/03/2012 * |
650,000,000.00 |
BANK OF INDIA |
MUMBAI MID CORPORATE, 70/80, M.G. ROAD, BANK OF INDIA BUILDING, MEZZANINE FLOOR, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B38298881 |
|
2 |
90186656 |
20/03/1999 |
2,500,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH; HERMES HOUSE, MAMA PARAMANAND ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
3 |
90186448 |
23/04/1997 |
2,000,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH; HERMES HOUSE, MAMA PARAMANAND ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
4 |
90184014 |
14/06/2010 * |
450,000,000.00 |
BANK OF INDIA |
WORLI NAKA BR., PANKAJ MANSION, OPP. PODAR HOSPITAL, DR. A. B. ROAD, WORLI NAKA,, MUMBAI, MAHARASHTRA - 400018, INDIA |
A91194704 |
|
5 |
90185621 |
23/04/1997 * |
1,200,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH; HERMES HOUSE, MAMA PARAMANAND ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
6 |
90187519 |
23/04/1997 * |
4,000,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH; HERMES HOUSE, MAMA PARAMANAND ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
7 |
90185390 |
29/07/1992 * |
3,300,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH; HERMES HOUSE, MAMA PARAMANAND ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
8 |
90187464 |
06/10/1995 * |
3,300,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH; HERMES HOUSE, MAMA PARAMANAND ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
9 |
90183919 |
08/02/1991 * |
4,500,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH; HERMES HOUSE, MAMA PARAMANAND ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
10 |
90187389 |
08/01/1987 |
300,000.00 |
CANARA BANK |
QUEEN'S ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
* Date of charge modification
OPERATIONS
The sales and operating income for the year ended 31st March 2014 amounted to Rs. 2649.279 Millions as against Rs. 2416.049 Million for the previous year. Thus the turnover of the company has increased by about 9.65% as compared to last year’s turnover.
During the year 2013-14 profit before tax as compared to last year has increased by 41.14% from Rs. 180.500 Millions to Rs. 254.765 Millions and profit after tax has increased by 40.33% from Rs. 125.350 Millions to Rs. 175.899 Millions.
UNAUDITED FINANCIAL RESULT FOR THE
QUARTER & YEAR ENDED ON 30TH SEPTEMBER 2014
Rs. In Millions
|
Sr. No. |
Particulars |
Quarter Ended |
Quarter Ended |
Year to Date ended |
|
|
|
|
Sep -14 |
Jun-14 |
Sep-14 |
|
|
1 |
Net Sales / Income From Operation |
711.270 |
753.370 |
1464.639 |
|
|
2 |
Expenditure |
|
|
|
|
|
|
a |
(Increase)/Decrease in Stock |
(46.085) |
(40.708) |
(86.793) |
|
|
B |
Cost of Materials Consumed |
593.539 |
629.181 |
1222.720 |
|
|
c |
Purchase of Stock -in-Trade |
--- |
--- |
--- |
|
|
d |
Employees Benefit Expense |
13.179 |
4.157 |
27.336 |
|
|
e |
Processing Charges |
23.205 |
7.863 |
41.067 |
|
|
f |
Power Fuel & Other Utility |
8.574 |
8.445 |
17.019 |
|
|
g |
Depreciation |
4.500 |
4.500 |
9.000 |
|
|
h |
Other Expenses |
37.198 |
38.388 |
75.586 |
|
|
|
Total : - |
634.111 |
671.825 |
1305.936 |
|
3 |
Profit From Operation before Finance Cost
& Exceptional Item (1-2) |
77.159 |
81.544 |
158.704 |
|
|
4 |
A |
Other
Income |
7.128 |
14.094 |
21.222 |
|
|
b |
Exchange
Gain/(Loss) |
(12.905) |
(1.947) |
(14.852) |
|
5 |
Profit
before Interest & Exceptional
Items(3+4) |
71.382 |
93.691 |
165.073 |
|
|
6 |
Finance
Cost |
0.034 |
0.068 |
0.102 |
|
|
7 |
Profit
after Interest but before Exceptional Item(5-6) |
71.348 |
93.623 |
164.971 |
|
|
8 |
Exceptional
Item |
--- |
--- |
--- |
|
|
9 |
Profit(+)
/ Loss(-) before Tax (7+8) |
71.348 |
93.623 |
164.971 |
|
|
10 |
Tax
Expenses |
23.800 |
28.000 |
51.800 |
|
|
11 |
Net
Profit(+) / Loss(-) from Ordinary Activities after Tax (9-10) |
47.548 |
65.623 |
113.171 |
|
|
12 |
Extraordinary
Item (Net of Tax Expenses) |
--- |
--- |
--- |
|
|
13 |
Net Profit(+)
/ Loss(-) for the period (11-12) |
47.548 |
65.623 |
113.171 |
|
|
14 |
Paid up
Equity Share Capital |
41.760 |
41.760 |
41.760 |
|
|
15 |
Reserves
excluding Revolution Reserves as per Balance sheet of Previous Accounting
Year |
|
|
|
|
|
16 |
Earnings
per Share(EPS) Face Value of Rs.5/- |
|
|
|
|
|
|
a |
Basic
& Diluted EPS before Extraordinary items for the period, for the year to
date and for the previous year (not to be
annualized) |
5.69 |
7.86 |
13.55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
b |
Basic
& Diluted EPS after Extraordinary items for the period, for the year to
date and for the previous year (not to be
annualized) |
5.69 |
7.86 |
13.55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A |
PARTICULARS
OF SHAREHOLDING |
|
|
|
|
|
1 |
Public
Shareholding |
|
|
|
|
|
|
|
Number of
Shares |
2924342 |
2,918,162 |
2923062 |
|
|
|
Percentage
of Shareholding |
35.01 |
34.94 |
35.00 |
|
2 |
Promoters
& Promoter group Shareholding |
|
|
|
|
|
|
a |
Pledged/Encumbered |
|
|
|
|
|
|
-Number of Shares |
Nil |
Nil |
Nil |
|
|
|
-Percentage of Shares(as a % of the total
shareholding of promoters and promoter group) |
|
|
|
|
|
|
|
|
|
|
|
|
|
-Percentage of shares( as a % of the total
share capital of the company) |
|
|
|
|
|
|
|
|
|
|
|
|
b |
Non
Encumbered |
|
|
|
|
|
|
-Number of Shares |
5427658 |
5,433,838 |
5428938 |
|
|
|
-Percentage of Shares(as a % of the total
shareholding of promoters and promoter group) |
100.00 |
100.00 |
100.00 |
|
|
|
|
|
|
|
|
|
|
-Percentage of shares( as a % of the total
share capital of the company) |
64.99 |
65.06 |
65.01 |
|
PARTICULARS |
3 Months ended 30th
September ‘14 |
|
B INVESTORS COMPLAINTS |
|
|
Pending at the beginning of the quarter |
Nil |
|
Received during the quarter |
Nil |
|
Disposed during the quarter |
Nil |
|
Remaining unresolved at the end of the quarter |
Nil |
Note:
1.
The above results were reviewed by Audit
Committee and taken on record by the Board of Director of the Company at their
meeting held on 14th November 2014.
2.
The Company’s operation fall under single
segment namely "Bulk Drugs & Chemicals".
3. Pursuant
to the enactment of Companies Act 2013 effective 1st April, 2014, the
management of the Company has Identified tangible fixed assets and is in the
process of evaluating useful life of the same, the impact of which, if any, on
depreciation would be accounted for in the subsequent quarters.
STATEMENT OF ASSETS AND LIABILITIES
(Rs. in Million)
|
Particulars |
30.09.2014 |
|
|
(Unaudited) |
|
EQUITY AND
LIABILITIES |
|
|
Shareholders'
Funds |
|
|
Share Capital |
41.800 |
|
Reserves and Surplus |
910.700 |
|
Money received against share warrants |
--- |
|
|
952.500 |
|
Share application money pending allotment |
--- |
|
|
|
|
Non-current Liabilities |
|
|
Long-term borrowings |
--- |
|
Deferred tax liabilities (Net) |
2.400 |
|
Long-term Liabilities |
--- |
|
Long-term Provisions |
2.100 |
|
|
4.500 |
|
|
|
|
Current Liabilities |
|
|
Short-term borrowings |
53.100 |
|
Trade Payables |
605.200 |
|
Other Current Liabilities |
71.400 |
|
Short-term Provisions |
132.700 |
|
|
|
|
TOTAL EQUITY
& LIABILITIES |
1819.500 |
|
|
|
|
ASSETS |
|
|
Non-current
Assets |
|
|
a)Fixed Assets |
|
|
(i) Tangible assets |
114.700 |
|
(ii) Intangible Assets |
0.900 |
|
(iii) Capital
work-in-progress |
1.800 |
|
(iv)
Intangible assets under development |
--- |
|
|
117.400 |
|
b) Non-current Investments |
45.300 |
|
c) Deferred Tax Assets (net) |
--- |
|
d) Long-term Loans and Advances |
7.700 |
|
e) Other non-current assets |
--- |
|
|
|
|
Current Assets |
|
|
Current Investments |
173.600 |
|
Inventories |
379.500 |
|
Trade Receivables |
751.600 |
|
Cash and Bank Balances |
154.800 |
|
Short-term Loans and Advances |
186.900 |
|
Other Current Assets |
2.800 |
|
|
|
|
TOTAL ASSETS |
1819.500 |
FIXED ASSETS
Tangible Assets
· Leasehold Land
Buildings
Plant
and Machinery
Laboratory
Equipments
Material
Storage and Handling Equipments
Electric
Installations
Air-conditioning
Equipments and Refrigerators
Computer
Hardware
Furniture
and Fixtures
Vehicles
Office
equipment
Intangible Assets
· Computer software
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.63.31 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.78.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.