MIRA INFORM REPORT
|
Report Date : |
19.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADAM FABRIWERK PRIVATE LIMITED (w.e.f.08.09.1992) |
|
|
|
|
Formerly Known
As : |
MARVALD FABRIWERK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
702, Tanishka, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.06.1982 |
|
|
|
|
Com. Reg. No.: |
11-027517 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.200
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231MH1982PTC027517 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA21308A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA5697C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Machinery used for Pharmaceutical and Chemical
Industry. |
|
|
|
|
No. of Employees
: |
115 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 670000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track
record. The company possesses an above average financial profile marked by
moderate networth position along with better increase in its sales volume
during 2013. The ratings also take into consideration the modest scale of
operations during the year under review. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of extensive experience of the promoters, the company can be
considered 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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15
up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013.
Pakistan has temporarily banned gold imports for the second time in six months,
as it tries to stem smuggling into India. India’s import duty on gold is 10 %
and curbs on purchases have dried up legal imports into what used to be the
world’s biggest bullion buyers. The World Gold Council puts the amount smuggled
into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed
that unclaimed bank deposits estimated to be about Rs 35000 mn be used for
education and awareness among depositors. According to the plan, deposits
that have not been claimed for at least 10 years will be transferred to the
scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BBB” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
13.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A3+” |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
13.01.2014 |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. G. K. Kudalkar |
|
Designation : |
Accountant |
|
Contact No.: |
91-9820703095 |
|
Date : |
18.02.2014 |
LOCATIONS
|
Registered Office : |
702, Tanishka, |
|
Tel. No.: |
91-22-61776700 |
|
Mobile No.: |
91-9820703095 (Mr. Kudalkar) |
|
Fax No.: |
91-22-61776799 |
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E-Mail : |
|
|
Website : |
http://www.adamfabriwerk.com
|
|
Area : |
1500 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
D 6, MIDC, Ambad, Nashik, |
|
Tel. No.: |
91-253-6601021 |
|
Area : |
2000 Sq. Meter |
|
Location : |
Leased |
DIRECTORS
As on 26.09.2013
|
Name : |
Mr. Waman Madhav Wagh |
|
Designation : |
Managing Director |
|
Address : |
E-1801/2, Whispering Palms, Exclusive Lokhandwala Township, Akruli Road,
Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
26.09.1946 |
|
Date of Appointment : |
24.06.1982 |
|
Voter ID No.: |
MT08036505810 |
|
DIN No.: |
00398753 |
|
|
|
|
Name : |
Mr. Devidas Ramback Shirude |
|
Designation : |
Director |
|
Address : |
901/ B, Gardenia, Building No.2, |
|
Date of Birth/Age : |
05.06.1950 |
|
Date of Appointment : |
24.06.1982 |
|
Voter ID No.: |
MT09042579233 |
|
DIN No.: |
00398588 |
|
|
|
|
Name : |
Mr. Vishal Waman Wagh |
|
Designation : |
Whole Time Director |
|
Address : |
E-1801/2, Whispering Palms, Exclusive Lokhandwala Township, Akruli
Road, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1973 |
|
Date of Appointment : |
01.07.2000 |
|
Voter ID No.: |
MT08036505612 |
|
DIN No.: |
00398886 |
|
|
|
|
Name : |
Mr. Sanjay Ramback Shirude |
|
Designation : |
Director |
|
Address : |
Flat No.3, |
|
Date of Birth/Age : |
11.01.1965 |
|
Date of Appointment : |
30.04.1992 |
|
DIN No.: |
00399000 |
KEY EXECUTIVES
|
Name : |
Mr. G. K. Kudalkar |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
W.M. Wagh |
|
450000 |
|
A.W. Wagh |
|
180000 |
|
V.W. Wagh |
|
135000 |
|
M. W. Wagh |
|
36000 |
|
Ameeta V. Wagh |
|
8970 |
|
D.T. Shirude |
|
450000 |
|
M.D. Shirude |
|
180000 |
|
S.T. Shirude |
|
81000 |
|
Pallavi P. Kapale |
|
45000 |
|
Priti A. Naik |
|
45000 |
|
Parag D. Shirude |
|
8940 |
|
B. D. Desai |
|
30 |
|
N. B. Desai |
|
30 |
|
A. B. Desai |
|
30 |
|
Total |
|
1620000 |
As on 26.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
99.95 |
|
Other top fifty shareholders |
0.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Machinery used for Pharmaceutical and Chemical
Industry. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Germany · Bangladesh · South Africa |
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|
|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· France · Germany |
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|
|
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Terms : |
|
|
Selling : |
Credit (30 Days, 60 Days, 90 Days) |
|
|
|
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Purchasing : |
Credit (30 Days, 60 Days, 90 Days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Actual Production Qty |
|
|
|
|
SS Tanks, Vessel Reactors, Receivers jacketed Vessel |
175 |
|
Liquid Mfg. Plant |
1 |
|
Ointment Mfg. Plant |
2 |
|
Custom Built Equipments CIP/ SIP Unit |
12 |
|
Spares |
83 |
GENERAL INFORMATION
|
Suppliers : |
Autocomp India Private Limited |
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Customers : |
Manufacturing Company · Cipla Limited · Cdila Pharmaceuticals Limited |
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No. of Employees : |
115 (Approximately) |
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Bankers : |
Bank of Baroda, Pimpalgaon Bhaula Branch, Udyog Bhavan, 1st Floor, MIDC, Satpur, Nashik – 422007, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Kothwade and Company Chartered Accountant |
|
Address : |
Jayanti Smruti, B-6 Aarti Co-Operative Housing Society, Amrutnagar,
Ghatkopar (West), Mumbai- 400086, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPK8500G |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1620000 |
Equity Shares |
Rs.10/- each |
Rs. 16.200
Millions |
|
|
|
|
|
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 |
16.200 |
16.200 |
5.400 |
|
(b) Reserves & Surplus |
152.430 |
117.734 |
99.707 |
|
(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) |
168.630 |
133.934 |
105.107 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
5.000 |
14.700 |
23.100 |
|
(b) Deferred tax liabilities (Net) |
(0.141) |
0.166 |
0.000 |
|
(c) Other long term
liabilities |
0.889 |
0.989 |
0.989 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
5.748 |
15.855 |
24.089 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
99.103 |
76.274 |
65.022 |
|
(b) Trade
payables |
27.324 |
42.256 |
45.272 |
|
(c) Other
current liabilities |
65.546 |
79.911 |
19.688 |
|
(d) Short-term
provisions |
62.516 |
51.274 |
44.385 |
|
Total Current
Liabilities (4) |
254.489 |
249.715 |
174.367 |
|
|
|
|
|
|
TOTAL |
428.867 |
399.504 |
303.563 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
90.138 |
92.289 |
95.865 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
13.289 |
13.289 |
12.822 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.939 |
4.948 |
6.465 |
|
(e) Other
Non-current assets |
0.000 |
0.190 |
0.000 |
|
Total Non-Current
Assets |
108.366 |
110.716 |
115.152 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
174.732 |
167.713 |
75.750 |
|
(c) Trade
receivables |
86.355 |
63.560 |
64.452 |
|
(d) Cash
and cash equivalents |
17.790 |
15.870 |
12.960 |
|
(e)
Short-term loans and advances |
40.706 |
40.849 |
33.028 |
|
(f) Other
current assets |
0.918 |
0.796 |
2.221 |
|
Total
Current Assets |
320.501 |
288.788 |
188.411 |
|
|
|
|
|
|
TOTAL |
428.867 |
399.504 |
303.563 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
496.342 |
332.393 |
296.284 |
|
|
|
Other Income |
4.484 |
4.611 |
11.864 |
|
|
|
TOTAL (A) |
500.826 |
337.004 |
308.148 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
268.339 |
258.990 |
175.737 |
|
|
|
Employee benefit expenses |
28.059 |
24.455 |
18.808 |
|
|
|
Other expenses |
50.211 |
40.840 |
35.003 |
|
|
|
Purchase of stock in trade Changes in inventories of finished goods,
work in progress and stock in trade |
33.922 |
(90.019) |
(10.868) |
|
|
|
TOTAL (B) |
380.531 |
234.266 |
218.680 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
120.295 |
102.738 |
89.468 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.960 |
15.864 |
10.924 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
102.335 |
86.874 |
78.544 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.756 |
9.316 |
9.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
93.579 |
77.558 |
69.232 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
30.453 |
25.041 |
22.972 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
63.126 |
52.517 |
46.260 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.733 |
2.707 |
2.400 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
24.300 |
20.250 |
16.200 |
|
|
|
Provision for Dividend Tax |
4.130 |
3.441 |
2.753 |
|
|
|
Transfer to General Reserve |
34.000 |
28.800 |
27.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3.429 |
2.733 |
2.707 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
13.163 |
18.998 |
28.528 |
|
|
TOTAL EARNINGS |
13.163 |
18.998 |
28.528 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
131.073 |
95.206 |
71.340 |
|
|
TOTAL IMPORTS |
131.073 |
95.206 |
71.340 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
39.00 |
32.00 |
29.00 |
|
Expected Sales (2013-2014) : Rs. 550.000 Millions
The above information has been parted by Mr. G. K. Kudalkar
(Accountant).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
12.60
|
15.58
|
15.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
18.85
|
23.33
|
23.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.52
|
20.08
|
23.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.55
|
0.58
|
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.62
|
0.68
|
0.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.16
|
1.08 |
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 |
5.400 |
16.200 |
16.200 |
|
Reserves & Surplus |
99.707 |
117.734 |
152.430 |
|
Net
worth |
105.107 |
133.934 |
168.630 |
|
|
|
|
|
|
long-term borrowings |
23.100 |
14.700 |
5.000 |
|
Short term borrowings |
65.022 |
76.274 |
99.103 |
|
Total
borrowings |
88.122 |
90.974 |
104.103 |
|
Debt/Equity
ratio |
0.838 |
0.679 |
0.617 |
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 |
296.284 |
332.393 |
496.342 |
|
|
|
12.187 |
49.324 |
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 |
296.284 |
332.393 |
496.342 |
|
Profit |
46.260 |
52.517 |
63.126 |
|
|
15.61% |
15.80% |
12.72% |
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 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
CURRENT MATURITIES OF LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10175743 |
15/02/2013 * |
100,000,000.00 |
BANK OF BAROADA |
PIMPALGAON BAHULA BRANCH, UDYOG BHAVAN, 1ST FLOOR, MIDC, SATPUR, NASHIK - 422007, MAHARASHTRA, INDIA |
B70379847 |
|
2 |
10173726 |
06/11/2008 |
60,000,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, SATPUR, NASHIK - 422007, MAHARASHTRA, INDIA |
A56355456 |
|
3 |
10110655 |
15/02/2013 * |
195,800,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, UDYOG BHAVAN, 1ST FLOOR, MIDC, SATPUR, NASHIK - 422007, MAHARASHTRA, INDIA |
B70380548 |
|
4 |
10003607 |
31/03/2006 |
3,600,000.00 |
BANK OF BAROADA |
PIMPALGAON BHAULA BRANCH, SATPUR, NASHIK - 422007, MAHARASHTRA, INDIA |
A00693481 |
|
5 |
90187842 |
04/03/2004 * |
6,400,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, NASIK, MAHARASHTRA, INDIA |
- |
|
6 |
90238348 |
26/09/2005 * |
6,400,000.00 |
BANK OFBARODA |
PIMPALGAON BAHULA; SATPUR, NASIK, MAHARASHTRA - 422007, INDIA |
- |
|
7 |
90240199 |
18/09/2007 * |
12,000,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, SATPUR , NASHIK, NASHIK, MAHARASHTRA - 422012, INDIA |
A32582744 |
|
8 |
90187480 |
04/03/2004 * |
375,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, NASIK, MAHARASHTRA, INDIA |
- |
|
9 |
90187265 |
06/03/1987 * |
1,300,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, NASIK, MAHARASHTRA, INDIA |
- |
|
10 |
90187241 |
03/06/1996 * |
1,000,000.00 |
BANK OF BARODA |
PIMPALGAON BAHULA BRANCH, NASIK, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances
from related party’s |
|
|
|
From Shareholders |
9.650 |
9.600 |
|
Balance in current account of directors |
0.240 |
0.670 |
|
Total |
9.890 |
10.270 |
CHANGE OF ADDRESS
The Registered office of the company has been shifted from 103, Rajguru
Apartments,
OPERATIONS AND
PERFORMANCE
a. SALES: During the year the Company's Order Booking is to the tune of Rs.406.100 Millions as against the previous year of Rs. 569.100 Millions. The net sales including other income is Rs. 500.800 Millions as against the previous year of Rs. 337.000 Millions. The Company performed satisfactorily compared to previous year.
b. PRODUCTION: During the year the production is Rs. 462.400 Millions as against the previous year's production of Rs. 422.400 Millions which is increased by 9.47% compared to previous year.
c. PROFITABILITY: During the year the net pre-tax profit is Rs. 93.579 Millions as against the previous year of Rs. 77.558 Millions which is higher by around 20.65%. During the year 2013-14 the Company has estimated increase in turnover by 20% considering the market conditions. India is recognised as one of the leading global players with large number of drug master files and dossier registrations for Active Pharmaceutical Ingredients (APls) and formulations with manufacturing facilities approved by regulatory authorities of the various countries.
FIXED ASSETS
· Leasehold Land
· Freehold Land and Land Development
· Factory Building
· Factory Office Building
· Office Premises
· Plant and machinery
· Electric Installations
· Furniture and fixture
· Vehicles
· Computer and Peripherals
· Air Conditioners
· Office Equipment (Office and Factory)
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.62.12 |
|
|
1 |
Rs.103.93 |
|
Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.