MIRA
INFORM REPORT
|
Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
TROIKAA PHARMACEUTICALS LIMITED |
|
|
|
|
Registered
Office : |
Commerce House- 1, Satya Marg,
Bodakdev, Ahmedabad-380054, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.02.1999 |
|
|
|
|
Com. Reg. No.: |
04-035441 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 86.872 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1999PLC035441 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMT01338B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT0228K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Various Branded Generics and Formulations. |
|
|
|
|
No. of Employees
: |
Not Available [We tried to
confirm the number of employees but no one is ready to part any information
from the company management] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
06.01.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and high credit risk |
|
Date |
06.01.2014 |
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
31-03-2014.
INFORMATION DECLINED
Management Non Co-operative (91-79-26856242)
LOCATIONS
|
Registered / Corporate Office : |
Commerce House- 1, Satya Marg,
Bodakdev, Ahmedabad-380054, Gujarat, |
|
Tel. No.: |
91-79-26856242/ 26856243/ 26856244/ 26856245 |
|
Fax No.: |
91-79-29856246 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq.ft |
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
|
|
Tel. No.: |
91-2764-274304 / 274326 / 274475 |
|
Fax No.: |
91-2764-274684 |
|
Area : |
9000 Sq. Yards |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
C – 1, Sara Industrial Estate, Chhota Rampur, Beyond Selakui, Dehradun – 248197, Uttarakhand,
India |
|
Tel. No.: |
91-135-2699146 / 6455829 |
|
Fax No.: |
91-135-2698059 |
|
Email : |
|
|
Area : |
9000 Sq. Yards |
|
Location : |
Owned |
|
|
|
|
Distribution Centre : |
Located At · Bangalore · Cuttak · Hydrabad · Kolkata · Mumbai · Chennai · Delhi · Indore · Lucknow · Patna · Ranchi · Cochin · Guwahati · Jaipur · Meerut · Raipur |
DIRECTORS
As on30.09.2013
|
Name : |
Mr. Ketan Rajnibhai
Patel |
|
Designation : |
Managing Director |
|
Address : |
Aditya, 12, Nandiohill
Society, Opposite ISRO, |
|
Date of Birth/Age : |
01.09.1956 |
|
Qualification : |
M. Pharm |
|
Date of Appointment : |
17.02.1999 |
|
Din No.: |
00187213 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Joint Managing Director |
|
Address : |
Aditya, 12, Nandiohill
Society, Opposite ISRO, |
|
Date of Birth/Age : |
02.11.1961 |
|
Qualification : |
B.E (Chem) |
|
Date of Appointment : |
17.02.1999 |
|
Din No.: |
00187237 |
|
|
|
|
Name : |
Mrs. Binita
Milan Patel |
|
Designation : |
Whole Time Director |
|
Address : |
Aditya, 12, Nandiohill
Society, Opposite ISRO, |
|
Date of Birth/Age : |
21.08.1966 |
|
Date of Appointment : |
17.02.1999 |
|
Din No.: |
00187286 |
|
|
|
|
Name : |
Mrs. Sushma Ketan
Patel |
|
Designation : |
Whole Time Director |
|
Address : |
Aditya, 12, Nandiohill
Society, Opposite ISRO, |
|
Date of Birth/Age : |
22.07.1962 |
|
Date of Appointment : |
17.02.1999 |
|
Din No.: |
00187264 |
|
|
|
|
Name : |
Mrs. Bimal Natubhai
Desai |
|
Designation : |
Director |
|
Address : |
No. 20, Purnaprasad Entension,
|
|
Date of Birth/Age : |
13.04.1959 |
|
Date of Appointment : |
29.03.2005 |
|
Din No.: |
00141120 |
|
|
|
|
Name : |
Mrs. Ameeta Janak
Patel |
|
Designation : |
Director |
|
Address : |
203/204, Adarsh Manor, 6/7, |
|
Date of Birth/Age : |
04.08.1953 |
|
Date of Appointment : |
15.06.2005 |
|
Din No.: |
00344237 |
|
|
|
|
Name : |
Mr. Achyutkumar Dadubhai
Patel |
|
Designation : |
Whole Time Director |
|
Address : |
3/A, Kalind Apartment, Near |
|
Date of Birth/Age : |
23.05.1966 |
|
Date of Appointment : |
01.03.2008 |
|
Din No.: |
02115679 |
|
|
|
|
Name : |
Mr. Prakash Jayantilal
Shah |
|
Designation : |
Whole Time Director |
|
Address : |
203, Ishwarkrupa Apartment, Usmanpura, Ahmedabad-380013, |
|
Date of Birth/Age : |
18.08.1958 |
|
Date of Appointment : |
01.03.2008 |
|
Din No.: |
02130088 |
|
|
|
|
Name : |
Mr. Bharat Jayantilal
Kapadia |
|
Designation : |
Director |
|
Address : |
Dhara Nursing Home, |
|
Date of Birth/Age : |
19.10.1959 |
|
Date of Appointment : |
29.03.2005 |
|
Din No.: |
00388670 |
|
|
|
|
Name : |
Mr. Ninad Arvind
Desai |
|
Designation : |
Director |
|
Address : |
Sohag, Sir L.S. Road, Andheri
(West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1969 |
|
Date of Appointment : |
01.02.2011 |
|
Din No.: |
00384058 |
KEY EXECUTIVES
|
Name : |
Mrs. Rujuta Dipal
Mehta |
|
Designation : |
Secretary |
|
Address : |
21, Lad Society, Near Nehru Park, Vastrapur,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
25.01.1976 |
|
Date of Appointment : |
01.06.2011 |
|
PAN No.: |
AKFPM8474R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on30.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Ketan R Patel |
|
613824 |
|
|
|
406962 |
|
Binita M Patel |
|
406862 |
|
Sushma V Patel |
|
1013724 |
|
Deepak B soni |
|
300 |
|
Ameeta J Patel |
|
100300 |
|
Sutanben R Patel |
|
130 |
|
Asheel K Patel |
|
542482 |
|
Nisheel K Patel |
|
542482 |
|
|
|
542482 |
|
|
|
|
|
Total |
|
4169548 |
|
Names of Shareholders (Preference Shares of 11.5%) |
|
No. of Shares |
|
Ketan R Patel |
|
191000 |
|
|
|
46100 |
|
Binita M Patel |
|
17000 |
|
Sushma V Patel |
|
24500 |
|
Ameeta J Patel |
|
124500 |
|
Sutanben R Patel |
|
114100 |
|
Asheel K Patel |
|
1400 |
|
R V Patel (Huf) |
|
37000 |
|
Anilaben Patel |
|
2100 |
|
Jankaben R Patel |
|
7000 |
|
Nakul Desai |
|
5000 |
|
Dashrathbhai M Desai |
|
30000 |
|
Shashikalaben Desai |
|
30000 |
|
Total |
|
629700 |
|
Names of Shareholders (Preference
Shares of 9.0%) |
|
No. of Shares |
|
Milan R Patel |
|
330000 |
|
Exel Chemicals India Private Limited,
India |
|
1800000 |
|
Dashrath M Desai |
|
60000 |
|
Nakul N Desai |
|
13000 |
|
Ameeta J Patel |
|
500000 |
|
Sheela J Desai |
|
60000 |
|
Unnat J Desai |
|
50000 |
|
Sutan Desai |
|
645000 |
|
Ketan R Patel |
|
330000 |
|
Sushma K patel |
|
100000 |
|
Total |
|
3888000 |
As on30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Various Branded Generics and Formulations. |
||||||||
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|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available [We tried to confirm
the number of employees but no one is ready to part any information from the
company management] |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Bank of Baroda, Ashram Road Branch, Ahmedabad-380009, Gujarat, India · Standard Chartered Bank Limited, Abhijeet Building · ICICI Bank, BMC, Ahmedabad Branch · Karur Vysya Bank, Ahmedabad Branch · Export Import Bank of India, Centre One Building, Floor 21, World Trade Centre, Cuffe Parade, Mumbai- 400005, Maharashtra, India · HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel – (West), Mumbai – 400013, Maharashtra, India · State Bank of India, Commercial Branch, Paramsiddhi Complex, Ellisbridge, Ahmedabad - 380006, Gujarat, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Chandrakant K Thakkar and
Company Chartered Accountants |
|
Address : |
701-723, 7th Floor, Devpath,
Behind Lal Bungalow, Off. |
|
Tel. No.: |
91-79-26430036/37 |
|
PAN No.: |
ABIPT2748P |
|
|
|
|
Associates : |
Troikaa Exports Private Limited |
|
|
|
|
Enterprises over
which the relative of key
management personnel exercise Control/significant influence |
Exel Chemicals (India) Private Limited |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
5000000 |
Preferences Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
Total |
|
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4169548 |
Equity Shares |
Rs. 10/-
each |
Rs. 41.695
Millions |
|
629700 |
11.50% Cumulative Preference Shares |
Rs. 10/-
each |
Rs. 6.297
Millions |
|
3888000 |
9.00% Cumulative Preference Shares |
Rs. 10/-
each |
Rs. 38.880
Millions |
|
|
Total |
|
Rs.86.872 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 |
86.872 |
86.872 |
86.872 |
|
(b) Reserves & Surplus |
485.950 |
388.922 |
305.423 |
|
(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) |
572.822 |
475.794 |
392.295 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
314.171 |
354.131 |
618.328 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.622 |
0.440 |
5.977 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
314.793 |
354.571 |
624.305 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
554.990 |
508.325 |
42.835 |
|
(b) Trade payables |
383.147 |
289.776 |
312.120 |
|
(c) Other current
liabilities |
125.941 |
160.599 |
165.136 |
|
(d) Short-term provisions |
8.634 |
11.956 |
43.431 |
|
Total Current Liabilities (4) |
1072.712 |
970.656 |
563.522 |
|
|
|
|
|
|
TOTAL |
1960.327 |
1801.021 |
1580.122 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
561.780 |
551.109 |
566.103 |
|
(ii) Intangible Assets |
36.661 |
30.000 |
30.000 |
|
(iii) Capital
work-in-progress |
12.969 |
11.280 |
9.620 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.124 |
0.124 |
0.108 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.742 |
14.015 |
11.134 |
|
(e) Other Non-current assets |
123.544 |
133.837 |
7.986 |
|
Total Non-Current Assets |
742.820 |
740.365 |
624.951 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
817.971 |
684.420 |
652.740 |
|
(c) Trade receivables |
267.900 |
215.482 |
144.761 |
|
(d) Cash and cash
equivalents |
27.555 |
65.193 |
55.684 |
|
(e) Short-term loans and
advances |
104.081 |
95.561 |
101.986 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1217.507 |
1060.656 |
955.171 |
|
|
|
|
|
|
TOTAL |
1960.327 |
1801.021 |
1580.122 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2477.166 |
1968.542 |
1745.421 |
|
|
|
Other Income |
13.246 |
10.052 |
10.727 |
|
|
|
TOTAL (A) |
2490.412 |
1978.594 |
1756.148 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
724.450 |
539.643 |
571.528 |
|
|
|
Purchases of Stock-in-Trade |
378.040 |
249.673 |
252.470 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(110.875) |
(7.413) |
(209.960) |
|
|
|
Employees benefits expense |
439.607 |
346.991 |
354.405 |
|
|
|
Other expenses |
746.800 |
583.616 |
587.858 |
|
|
|
Extraordinary items |
(1.533) |
(3.550) |
0.339 |
|
|
|
TOTAL (B) |
2176.489 |
1708.960 |
1556.640 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
313.923 |
269.634 |
199.508 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
124.498 |
119.406 |
82.627 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
189.425 |
150.228 |
116.881 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
65.342 |
38.874 |
36.694 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
124.083 |
111.354 |
80.187 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
22.000 |
22.800 |
16.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
102.083 |
88.554 |
63.987 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
623.362 |
386.238 |
344.701 |
|
|
TOTAL EARNINGS |
623.362 |
386.238 |
344.701 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
249.499 |
166.656 |
149.694 |
|
|
|
Packing Materials |
4.684 |
3.224 |
1.143 |
|
|
|
Capital Goods |
14.943 |
2.367 |
15.935 |
|
|
|
Others |
3.457 |
1.168 |
0.490 |
|
|
TOTAL IMPORTS |
272.583 |
173.415 |
167.262 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.10 |
4.48 |
3.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.01 |
5.66 |
4.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.37 |
6.22 |
5.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.23 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.52 |
1.81 |
1.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.09 |
1.70 |
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 |
86.872 |
86.872 |
86.872 |
|
Reserves & Surplus |
305.423 |
388.922 |
485.950 |
|
Net
worth |
392.295 |
475.794 |
572.822 |
|
|
|
|
|
|
long-term borrowings |
618.328 |
354.131 |
314.171 |
|
Short term borrowings |
42.835 |
508.325 |
554.990 |
|
Total
borrowings |
661.163 |
862.456 |
869.161 |
|
Debt/Equity
ratio |
1.685 |
1.813 |
1.517 |
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 |
1745.421 |
1968.542 |
2477.166 |
|
|
|
12.783 |
25.838 |
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 |
1745.421 |
1968.542 |
2477.166 |
|
Profit |
63.987 |
88.554 |
102.083 |
|
|
3.67% |
4.50% |
4.12% |
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 |
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 |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
HIGH COURT OF GUJARAT
CIVIL APPLICATION No. 108 of 2012
In CIVIL SUITS / 5 / 2012 ( PENDING )
|
Status : PENDING |
|
CCIN No : 001073201200108 |
|
Next Listing Date: |
25/07/2014 |
|
Coram |
HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
|
|
|
S.NO. |
Name of the
Petitioner |
Advocate On Record |
|
1 |
LINCOLN PHARMACEUTICALS LIMITED |
MR RR SHAH for: Applicant(s) |
1|
S.NO. |
Name of the Respondant |
Advocate On Record |
|
1 |
TROIKAA PHARMACEUTICALS LIMITED |
MR YJ TRIVEDI for :Respondent(s) |
|
Presented On |
: 19/04/2012 |
Registered On |
: 20/04/2012 |
|
Bench Category |
: SINGLE BENCH |
District |
: AHMEDABAD |
|
Case Originated
From |
: THROUGH ADVOCATE |
Listed |
: 37 times |
|
StageName |
: FOR ADMISSION - OTHER OJ SIDE |
||
|
Classification |
SJ - CIVIL MISC. APPLICATION - CODE OF CIVIL PROCEDURE, 1908 - REVIEW / MODIFICATION / DIRECTION / EXTENSION OF TIME / CLARIFICATION |
||
|
Act |
PATENTS ACT, 1970 |
||
OFFICE DETAILS
|
S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|
1 |
19/04/2012 |
APPLICATION |
MR RR SHAH ADVOCATE |
20 |
MR RR SHAH:1 |
LINKED MATTERS
|
S. No. |
CaseDetail |
Status Name |
Disposal Date |
Action/Coram |
|
1 |
CIVIL SUITS/5/2012 |
PENDING |
- |
- HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
|
2 |
CIVIL APPLICATION/141/2012 |
PENDING |
- |
- HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
COURT PROCEEDINGS
|
S. No. |
Notified
Date |
CourtCode |
Board
Sr. No. |
Stage |
Action |
Coram |
|
1 |
17/12/2012 |
17 |
21 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
2 |
19/12/2012 |
17 |
- |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
3 |
27/12/2012 |
17 |
44 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
4 |
22/01/2013 |
17 |
51 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
5 |
22/02/2013 |
17 |
34 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
6 |
19/03/2013 |
16 |
89 |
FOR
ORDERS |
FIXED
RULE / ADMIT |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
7 |
08/04/2013 |
16 |
57 |
FOR
ORDERS |
FIXED
RULE / ADMIT |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
8 |
29/04/2013 |
16 |
53 |
FOR
ORDERS |
FIXED
RULE / ADMIT |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
9 |
25/06/2013 |
13 |
37 |
FOR
ORDERS |
FIXED
RULE / ADMIT |
·
HONOURABLE MR.JUSTICE K.M.THAKER ·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
10 |
12/07/2013 |
13 |
41 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE K.M.THAKER |
|
11 |
02/08/2013 |
13 |
35 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE K.M.THAKER |
|
12 |
23/08/2013 |
13 |
27 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE K.M.THAKER |
|
13 |
16/09/2013 |
13 |
25 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE K.M.THAKER |
|
14 |
18/10/2013 |
13 |
38 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE K.M.THAKER |
|
15 |
13/12/2013 |
15 |
31 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE K.M.THAKER ·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
16 |
24/01/2014 |
15 |
27 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
17 |
20/02/2014 |
15 |
36 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
18 |
27/03/2014 |
9 |
55 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE S.R.BRAHMBHATT ·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
|
19 |
22/04/2014 |
9 |
49 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
|
20 |
19/06/2014 |
9 |
37 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
|
21 |
07/07/2014 |
9 |
33 |
FOR
ADMISSION - OTHER OJ SIDE |
NEXT
DATE |
·
HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
|
22 |
25/07/2014 |
9 |
33 |
FOR
ADMISSION - OTHER OJ SIDE |
|
·
HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
AVAILABLE ORDERS
|
S. No. |
Case
Details |
Judge
Name |
Order
Date |
CAV |
Judgement |
Questions |
Transferred |
Download |
|
|
1 |
CIVIL
APPLICATION/108/2012 |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
25/04/2012 |
N |
ORDER |
- |
Y |
Download |
|
|
2 |
CIVIL
APPLICATION/108/2012 |
·
HONOURABLE MR.JUSTICE R.M.CHHAYA |
10/05/2012 |
N |
ORDER |
- |
Y |
Download |
|
|
3 |
CIVIL
SUITS/5/2012 |
·
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
18/06/2012 |
N |
ORDER |
- |
Y |
Download |
|
|
4 |
CIVIL
APPLICATION/108/2012 |
·
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
11/07/2012 |
N |
ORDER |
- |
Y |
Download |
|
|
5 |
CIVIL
APPLICATION/108/2012 |
·
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
09/08/2012 |
N |
ORDER |
- |
Y |
Download |
|
|
6 |
CIVIL
APPLICATION/108/2012 |
·
HONOURABLE MR.JUSTICE K.M.THAKER |
23/08/2013 |
N |
ORDER |
- |
Y |
Download |
|
UNSECURED LOAN
Rs. In
Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term
borrowings |
|
|
|
Borrowing from government semi-government bodies |
6.480 |
7.290 |
|
Deposits from directors |
0.320 |
1.758 |
|
Deposits from shareholders |
2.613 |
1.303 |
|
Intercorporate deposits |
86.673 |
88.221 |
|
Public deposits |
15.547 |
12.003 |
|
Deposits from others |
52.254 |
53.911 |
|
Short-term
borrowings |
|
|
|
Intercorporate deposits |
23.800 |
41.259 |
|
Public deposits |
45.550 |
19.722 |
|
Total |
233.237 |
225.467 |
|
|
|
|
Note:
The registered office of the company has been shifted from Commerce House-1,
Opposite Rajvansh Apartment, Judges Bungalows Road, Ahmadabad – 380054, Gujarat, India to present address w.e.f. 01.07.2010
OPERATIONS:
During the year, the Company performed well and achieved Revenue from operation (Net) of Rs 2477.166 Millions (previous year Rs 1968.542 Millions) and has earned net profit of Rs 102.083 Millions (Previous year Rs 88.553 Millions) after providing for Depreciation of Rs39.995 Millions (Previous year Rs 38.874 Millions) and amortization of deferred revenue expenditure of Rs 25.199 Millions (Previous year Rs Nil). Company has made Provision for Tax of Rs 22.000 Millions (Previous year Rs 22.800 Millions).
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10433267 |
27/04/2013 |
963,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B78057627 |
|
2 |
10348041 |
30/03/2012 * |
150,000,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN BHAVAN, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
B37225885 |
|
3 |
10181983 |
13/05/2013 * |
212,800,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, PARAMSIDDHI COMPLEX, ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B76184332 |
|
4 |
10137897 |
01/01/2009 |
1,425,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A54680921 |
|
5 |
10071482 |
19/09/2013 * |
1,031,700,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN BHAVAN, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
B85976694 |
|
6 |
10071502 |
19/09/2013 * |
1,031,700,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN BHAVAN, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
B85980670 |
|
7 |
10071519 |
27/09/2007 |
11,200,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN BHAVAN, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
A24990046 |
|
8 |
80005615 |
19/09/2013 * |
1,031,700,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN BHAVAN, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
B85978427 |
|
9 |
80005613 |
24/06/2006 * |
120,900,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN BHAVAN, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
10 |
80009610 |
23/01/2004 |
8,732,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN BHAVAN, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
11 |
80004120 |
25/05/2007 * |
124,100,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN BHAVAN, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
A16067365 |
|
12 |
80004019 |
13/05/2006 * |
120,900,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN BHAVAN, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Brand Equity
- Land
- Building
- Plant and Machinery
- Electrical Installation
- Computers
- Office Equipments
- Furniture and Fixture
- Vehicles
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 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.60.19 |
|
|
1 |
Rs.103.14 |
|
Euro |
1 |
Rs.81.66 |
INFORMATION DETAILS
|
Information Gathered
by : |
HET |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.