MIRA INFORM REPORT
|
Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
WOCKHARDT LIMITED |
|
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|
Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
08.07.1999 |
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|
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|
Com. Reg. No.: |
11-120720 |
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|
Capital
Investment / Paid-up Capital : |
Rs. 3534.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24230MH1999PLC120720 |
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|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKW00152F |
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|
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PAN No.: [Permanent Account No.] |
AAACW2472M |
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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
: |
Subject engaged in the business of Manufacture
and Marketing of Pharmaceutical Products. |
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 |
|
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. There is drastic dip in the profit of the company during 2014.
However, general financial position of the company seems to be sound and
healthy. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitments. The company can be considered good for 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = AA- |
|
Rating Explanation |
Have degree of safety and carry very low
credit risk |
|
Date |
21.02.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry
lowest credit risk |
|
Date |
21.02.2014 |
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 Co-Operative (Tel No.: 91-22-26533333)
LOCATIONS
|
Registered / Corporate Office : |
Wockhardt Towers, Bandra-Kurla Complex, Bandra (East), Mumbai –
400051, Maharashtra, India |
|
Tel. No.: |
91-22-26534444 / 26533333 / 26522727 |
|
Fax No.: |
91-22-26522727 / 26522828 / 26534242 |
|
E-Mail : |
|
|
Website : |
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Factory 1 : |
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Tel. No.: |
91-240-6626444 |
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Fax No.: |
91 240 6626333 |
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Factory 2 : |
L1 M.I.D.C., Chikalthana, |
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Tel. No.: |
91-240-6637444 |
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Fax No.: |
91-240-6637333 |
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|
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|
Factory 3 : |
87A, Silver Industrial Estate, Bhimpore, Nani Daman - 396210, Union
Territory, India |
|
Tel. No.: |
91-260-6610300 / 6610333 |
|
Fax No.: |
91-260-2220940 |
|
|
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Factory 4 : |
106/4,5,7 Kadaiya, Nani Daman 396210, Union Territory India |
|
Tel. No.: |
91260-6531306 |
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Fax No.: |
91-260-2220214 |
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Factory 5 : |
138 G.I.D.C. Estate, Ankleshwar 393002, District Bharuch, |
|
Tel. No.: |
91-2646-661444 |
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Fax No.: |
91-2646-661555 |
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|
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Factory 6 : |
P O Barotiwala, District Solan, Himachal Pradesh 174103, India |
|
Tel. No.: |
91-1795-664444 |
|
Fax No.: |
91-1795-664242 |
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|
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Factory 7 : |
Ash Raod North, Wexham Industrial Estate, |
|
Tel. No.: |
+44-1978-661261 |
|
Fax No.: |
+44-1978-660130 |
|
|
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Factory 8 : |
Ballymacarbry Clonmel Co., |
|
Tel. No.: |
+353-52-6186000 |
|
Fax No.: |
+353-52-6136311 |
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|
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Factory 9 : |
6451, |
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Tel. No.: |
+1-847+9675600 |
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Fax No.: |
+1-847-9672211 |
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|
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Factory 10 : |
B-15/2, MIDC Waluj-431136, Maharashtra, India |
|
Tel. No.: |
91-240-6636400 |
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Fax No.: |
91-240-6636444 |
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International Office : |
Located At:
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Research Centers : |
Located At:
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DIRECTORS
As on: 31.03.2014
|
Name : |
Dr. Habil Khorakiwala |
|
Designation : |
Chairman |
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|
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|
Name : |
Dr. Huzaifa Khorakiwala |
|
Designation : |
Executive Director |
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|
Name : |
Dr. Murtaza Khorakiwala |
|
Designation : |
Managing Director |
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|
Name : |
Mr. Shekhar Datta |
|
Designation : |
Director |
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|
Name : |
Mr. Aman Mehta |
|
Designation : |
Director |
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|
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|
Name : |
Mr. R A Shah |
|
Designation : |
Director |
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|
Name : |
Mr. D. S. Brar |
|
Designation : |
Director |
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|
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|
Name : |
Mr. Sanjaya Baru |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. V R Khetan |
|
Designation : |
Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.06.2014
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of
Promoter and Promoter Group |
|
|
|
|
|
|
|
|
887625 |
0.81 |
|
|
81097757 |
73.82 |
|
|
81985382 |
74.63 |
|
|
|
|
|
Total shareholding
of Promoter and Promoter Group (A) |
81985382 |
74.63 |
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
1197218 |
1.09 |
|
|
2046610 |
1.86 |
|
|
1400 |
0.00 |
|
|
6115775 |
5.57 |
|
|
9361003 |
8.52 |
|
|
|
|
|
|
2977228 |
2.71 |
|
|
|
|
|
|
12796681 |
11.65 |
|
|
974546 |
0.89 |
|
|
1762530 |
1.60 |
|
|
805293 |
0.73 |
|
|
822770 |
0.75 |
|
|
1867 |
0.00 |
|
|
132600 |
0.12 |
|
|
18510985 |
16.85 |
|
Total Public
shareholding (B) |
27871988 |
25.37 |
|
Total (A)+(B) |
109857370 |
100.00 |
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
150533 |
0.00 |
|
|
150533 |
0.00 |
|
Total (A)+(B)+(C) |
110007903 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the business of Manufacture
and Marketing of Pharmaceutical Products. |
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|
Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
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|
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Banking Relations
: |
-- |
|
|
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Auditors : |
|
|
Name : |
Haribhakti and Company Chartered Accountants |
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Holding Company : |
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Associates : |
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Wholly Owned Subsidiaries : |
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Fellow Subsidiary : |
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Other Related Parties : |
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CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Rs.5/- each |
Rs. 1250.000 Millions |
|
2000000000 |
Preference Shares |
Rs.5/- each |
Rs. 10000.000 Millions |
|
|
TOTAL |
|
Rs. 11250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
109435903 |
Equity Shares |
Rs.5/- each |
Rs. 547.200
Millions |
|
167750 |
Add : Shares Issued during the year Pursuant to ESOS |
|
Rs. 0.900 Million |
|
121454927 |
Optionally Convertible Cumulative Redeemable Preference Shares |
Rs.5/- each |
Rs. 607.200 Millions |
|
475659941 |
Non-Convertible Cumulative Redeemable Preference Shares |
Rs.5/- each |
Rs. 2378.300 Millions |
|
|
|
|
|
|
|
TOTAL |
|
Rs. 3534.300 Millions |
LISTING DETAILS:
|
|
BSE : 532300 NSE : WOCKPHARMAEQ |
|
Stock Exchange Place : |
Ø National Stock
Exchange of India Limited Ø The Stock
Exchange, Mumbai |
|
Listed Date : |
Not Divulged |
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 |
3534.300 |
3533.400 |
8160.900 |
|
(b) Reserves & Surplus |
8821.300 |
7633.800 |
654.900 |
|
(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) |
12355.600 |
11167.200 |
8815.800 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
70.000 |
95.200 |
7415.200 |
|
(b) Deferred tax liabilities (Net) |
1367.000 |
1205.500 |
2051.400 |
|
(c) Other long term
liabilities |
6286.300 |
0.000 |
0.000 |
|
(d) long-term
provisions |
280.500 |
260.800 |
289.000 |
|
Total Non-current
Liabilities (3) |
8003.800 |
1561.500 |
9755.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1744.400 |
1631.700 |
2222.800 |
|
(b) Trade payables |
3306.900 |
4693.000 |
3695.300 |
|
(c) Other current
liabilities |
8231.800 |
11746.500 |
6943.300 |
|
(d) Short-term
provisions |
271.100 |
873.300 |
211.500 |
|
Total Current
Liabilities (4) |
13554.200 |
18944.500 |
13072.900 |
|
|
|
|
|
|
TOTAL |
33913.600 |
31673.200 |
31644.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9943.600 |
8768.600 |
8212.500 |
|
(ii) Intangible Assets |
385.200 |
597.600 |
347.100 |
|
(iii) Capital
work-in-progress |
5818.300 |
4817.900 |
4736.600 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
3371.400 |
|
(b) Non-current
Investments |
3079.500 |
3079.500 |
3079.500 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3723.200 |
3429.200 |
2941.600 |
|
(e) Other
Non-current assets |
1061.900 |
49.200 |
0.000 |
|
Total Non-Current
Assets |
24011.700 |
20742.000 |
22688.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4844.600 |
5275.900 |
4530.700 |
|
(c) Trade receivables |
2463.600 |
2066.300 |
2608.400 |
|
(d) Cash and cash
equivalents |
857.900 |
1839.300 |
759.400 |
|
(e) Short-term loans
and advances |
1735.800 |
1749.700 |
1057.100 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
9901.900 |
10931.200 |
8955.600 |
|
|
|
|
|
|
TOTAL |
33913.600 |
31673.200 |
31644.300 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18052.700 |
24711.800 |
22971.000 |
|
|
|
Other Income |
3193.800 |
455.000 |
199.700 |
|
|
|
TOTAL (A) |
21246.500 |
25166.800 |
23170.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
5133.100 |
8593.000 |
6702.900 |
|
|
|
Purchases of Stock-in-Trade |
2809.600 |
2614.300 |
2365.300 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
47.100 |
3010.700 |
2182.900 |
|
|
|
Employees benefits expense |
3545.300 |
5609.700 |
4812.300 |
|
|
|
Exchange Fluctuation Loss / (Gain) Net |
406.400 |
(2881.800) |
1616.500 |
|
|
|
Other expenses |
5857.500 |
(829.500) |
(843.900) |
|
|
|
TOTAL (B) |
17799.000 |
(198.400) |
270.500 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3447.500 |
25365.200 |
22900.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
336.700 |
1543.700 |
2153.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3110.800 |
23821.500 |
20746.600 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
963.200 |
807.700 |
663.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2147.600 |
23013.800 |
20083.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
161.500 |
(829.800) |
(1863.200) |
|
|
|
|
|
|
|
|
|
|
Profit for the
year from Continuing Operations |
0.000 |
6067.600 |
1384.300 |
|
|
|
|
|
|
|
|
|
|
Profit for the
discontinued operations (before tax) |
0.000 |
236.000 |
589.600 |
|
|
|
|
|
|
|
|
|
|
Tax expenses of
discounted operations |
0.000 |
(76.600) |
(133.900) |
|
|
|
|
|
|
|
|
|
|
Profit from
discontinued operations |
0.000 |
159.400 |
455.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1986.100 |
6227.000 |
1840.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
11740.400 |
12094.400 |
|
|
|
Management and Technical fees |
|
57.800 |
128.100 |
|
|
|
Out licensing fees |
|
1677.700 |
1400.000 |
|
|
|
Royalty |
|
31.100 |
7.300 |
|
|
|
Interest |
|
34.800 |
31.400 |
|
|
|
Research and Development Services |
|
40.600 |
101.900 |
|
|
|
Assignment of New Chemical Entity |
|
1000.000 |
0.000 |
|
|
|
Others |
|
0.000 |
26.000 |
|
|
TOTAL EARNINGS |
11025.600 |
14582.400 |
13789.100 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
2538.200 |
2314.900 |
|
|
|
Component and Spares |
|
44.900 |
217.900 |
|
|
|
Capital Goods |
|
260.200 |
366.400 |
|
|
TOTAL IMPORTS |
3760.100 |
2843.300 |
2899.200 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
18.10 |
56.88 |
16.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
11.00
|
25.19 |
8.01 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
19.09
|
102.64 |
99.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.58 |
96.80 |
98.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
2.06 |
2.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.15 |
0.15 |
1.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.73 |
0.58 |
0.69 |
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 |
8160.900 |
3533.400 |
3534.300 |
|
Reserves & Surplus |
654.900 |
7633.800 |
8821.300 |
|
Net worth |
8815.800 |
11167.200 |
12355.600 |
|
|
|
|
|
|
long-term borrowings |
7415.200 |
95.200 |
70.000 |
|
Short term borrowings |
2222.800 |
1631.700 |
1744.400 |
|
Total borrowings |
9638.000 |
1726.900 |
1814.400 |
|
Debt/Equity ratio |
1.093 |
0.155 |
0.147 |
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 |
22971.000 |
24711.800 |
18052.700 |
|
|
|
7.578 |
(26.947) |
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 |
22971.000 |
24711.800 |
18052.700 |
|
Profit |
21946.700 |
23843.600 |
1986.100 |
|
|
95.54% |
96.49% |
11.00% |
LOCAL AGENCY FURTHER INFORMATION
Note: Current
maturity long term debt are not available.
|
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 |
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 |
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 |
No |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2014 |
As on 31.03.2013 |
|
LONG TERM
BORROWINGS |
|
|
|
Sales tax deferral loan |
21.200 |
31.000 |
|
Loans from Others |
39.100 |
45.400 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Buyers’ credit |
112.100 |
0.000 |
|
|
|
|
|
Total |
172.400 |
76.400 |
LITIGATION
DETAILS:
|
Case Details Bench:-Bombay
Main Matter
District:- MUMBAI Bench:- DIVISION Status:- Pre-Admission Category:- NOTICE OF MOTION Last Date : 05/02/2014 Last Coram: ACCORDING TO SITTING LIST Act : Code of civil procedure 1908 |
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH SEPTEMBER 2014
(Rs. in millions)
|
Particulars |
Quarter Ended 30.09.2014 |
% To Sales |
Quarter Ended 30.06.2014 |
% To Sales |
Six Months Ended 30.09.2014 |
% To Sales |
|
Unaudited |
Unaudited |
Unaudited |
||||
|
|
|
|
|
|
|
|
|
Income from
Operations |
10290.000 |
100.00 |
9910.000 |
100.00 |
20200.000 |
100.00 |
|
|
|
|
|
|
|
|
|
Total
Expenditure a)
(Increase)/Decrease in stocks b)
Consumption of raw material c) Purchase of Finished
Goods Material Consumption d)
Staff Cost e)
R and D Expenditure f) Other Expenditure Other
Expenditure |
8640.000 (400.00) 1740.000 1990.000 3330.00 1760.000 1100.000 2450.000 5310.000 |
84.0 (3.9) 16.9 19.3 32.4 17.1 10.7 22.8 51.6 |
9300.000 (240.000) 2110.000 2000.000 3870.000 1770.000 1110.000 2550.000 5430.000 |
93.8 (2.4) 21.3 20.2 39.1 17.9 11.2 25.7 54.8 |
17940.000 (640.000) 3850.000 3990.000 7200.000 3530.000 2210.000 5000.000 10740.000 |
88.8 (3.2) 19.1 19.8 35.6 17.5 10.9 24.8 53.2 |
|
Gross Profit
before Interest, Depreciation and Taxation |
1650.000 |
16.0 |
610.000 |
6.2 |
2260.000 |
11.2 |
|
Interest/ Financing Cost (a)
Interest (b)
(Income)/Expense due to Exchange Rate Fluctuation |
140.000 480.000 |
1.4 |
150.000 (50.000) |
1.5 |
290.000 430.000 |
1.4 |
|
Depreciation |
380.000 |
3.7 |
360.000 |
3.6 |
740.000 |
3.7 |
|
Other Income |
170.000 |
|
80.000 |
|
250.000 |
|
|
Profit / (Loss) Before Tax before
exceptional items |
820.000 |
8.0 |
230.000 |
2.3 |
1050.000 |
5.2 |
|
Exceptional items Profit/(Loss) |
-- |
|
20.000 |
|
20.000 |
|
|
Profit/ (Loss) before tax |
820.000 |
8.0 |
250.000 |
2.5 |
1070.000 |
5.3 |
|
Provision for taxation expenses/ (Credit) |
780.000 |
|
10.000 |
|
790.000 |
|
|
Deferred Taxation (Asset)/Liability |
(30.000) |
|
20.000 |
|
(10.000) |
|
|
Net Profit / (Loss) for the period |
70.000 |
|
220.000 |
2.2 |
290.000 |
1.4 |
|
Add
: Share of Profit/ (Loss) from Associates |
-- |
|
-- |
|
-- |
|
|
Minority
Interest – Profit/ (Loss) |
40.000 |
|
20.000 |
|
60.000 |
|
|
Paid-up equity
share capital (Rs. 5/- each) |
550.000 |
|
550.000 |
|
550.000 |
|
|
Reserve excluding Revaluation Reserve (as per last audited
Balance-Sheet) |
-- |
|
-- |
|
-- |
|
|
Earnings Per Share (EPS) before and after extraordinary items (of Rs.
10/- each) a) Basic b) Diluted |
0.33 0.33 |
|
1.81 1.80 |
|
2.14 2.12 |
|
|
|
|
|
|
|
|
|
|
PARTIULARS OF SHAREHOLDINGS |
|
|
|
|
|
|
|
Public Shareholding |
|
|
|
|
|
|
|
- Number of Shares |
2,78,73,548 |
|
0.00% |
|
0.00% |
|
|
- Percentage of Shareholding |
23.34% |
|
0.00% |
|
0.00% |
|
|
Promoters and
Promoter Group Shareholding |
|
|
|
|
|
|
|
a)
Pledged/Encumbered |
|
|
|
|
|
|
|
- Number of Shares |
-- |
|
-- |
|
-- |
|
|
- Percentage of Shares (as a % of the Total Shareholding of promoter
and promoter group) |
0.00% |
|
0.00% |
|
0.00% |
|
|
- Percentage of Shares (as a % of the Total Share Capital of the
Company) |
0.00% |
|
0.00% |
|
0.00% |
|
|
b) Non
Encumbered |
|
|
|
|
|
|
|
- Number of Shares |
8,19,85,382 |
|
8,19,85,382 |
|
8,19,85,382 |
|
|
- Percentage of Shares (as a % of the Total Shareholding of Promoter
and Promoter Group) |
100.00% |
|
100.00% |
|
100.00% |
|
|
- Percentage of Shares (as a % of the Total Share Capital of the
Company) |
74.53% |
|
74.53% |
|
74.53% |
|
|
PARTICULARS |
For the quarter ended 30.09.2014 |
|
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 results were reviewed by the Audit Committee and approved
by the Board of Directors at their meetings held on November 03, 2014 and have
been subject to limited review by the Auditors.
2. During the quarter, the Company, has further,
reviewed the useful life of its tangible assets as required under Schedule II of
the Companies Act 2013, according to which useful life estimated earlier are
found to be appropriate.
The Company has also identified significant
components and their useful life which will be depreciated over the balance
useful life effective April 01, 2014 As a result of same, depreciation charge
for the quarter is higher by Rs. 393 lakhs. Further, in respect of assets whose
remaining useful lives have been completed, the carrying amount of such assets
(net of deferred tax) amounting to Rs. 1,622 lakhs has been charged to the
Opening Reserves as on April 01,2014 pursuant to the Companies Act, 2013.
3. The Board of Directors have declared an
interim dividend of 400 % i.e. Rs 20 per equity share of Rs. 5 each
4. The Company is exclusively into Pharmaceutical
business Segment.
5. Previous period figures have been recast/
re-regrouped to conform to the current period's presentation.
INDEX OF CHARGE:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10253301 |
07/12/2011 * |
26,152,000.00 |
DEPARTMENT OF BIOTECHNOLOGY |
6-8th FLOOR, BLOCK
NO. 2,, CGO COMPLEX, LODHI ROA |
B27629591 |
|
2 |
10239938 |
15/03/2011 * |
16,412,700,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER,
'E', CUFFE PARADE,, COLABA,, MU |
B09941931 |
|
3 |
10240003 |
31/08/2010 |
16,932,800,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E',
CUFFE PARADE,, COLABA,, MU |
A94607587 |
|
4 |
10238614 |
18/08/2010 |
29,864,500,000.00 |
STATE BANK OF INDIA |
CAPITAL MARKET
BRANCH, VIDEOCON HERITAGE, GROUND |
A92103076 |
|
5 |
10225953 |
29/06/2010 |
4,667,210,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER,
'E', CUFFE PARADE,, COLABA,, MU |
A88114897 |
|
6 |
10195016 |
23/11/2009 |
484,900,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A76885995 |
|
7 |
10192780 |
23/11/2009 |
2,990,100,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
A75404855 |
|
8 |
10199434 |
23/11/2009 |
3,820,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS
GROUP BRANCH,, VOLTAS HOSE, 23 |
A76706431 |
|
9 |
10038845 |
08/02/2007 |
11,250,000,000.00 |
STATE BANK OF INDIA |
NEW ISSUE AND
SECURITIES AND SERVICES DIVSIONS,, |
A11304755 |
|
10 |
90144213 |
21/04/2009 * |
4,725,000,000.00 |
STATE BANK OF INDIA |
Corporate Accounts
Group branch, Voltas House, 23 |
A63782932 |
* Date of charge modification
FIXED ASSETS:
- Trademarks / Technical knowhow
- Software
- Freehold land
- Leasehold land
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. 63.32 |
|
UK Pound |
1 |
Rs. 98.68 |
|
Euro |
1 |
Rs. 78.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
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 |
|
60 |
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.