MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ACG PHARMAPACK PRIVATE LIMITED (w.e.f. 11.01.2008)

 

 

Formerly Known As :

PRIKARNA PROPERTIES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEA11035D

 

 

PAN No.:

[Permanent Account No.]

AAHCA0550D

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

300 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Blister Pack Films.

 

 

Products :

Item Code No. (ITC Code)

3920

Product Description

Rigid PVC Films/ Sheets/ PVDC Coated Film/ Coating on various Substrates and Laminated Films

 

 

Exports :

 

Products :

·         Blister Pack Films

Countries :

·         Brazil

·         USA

 

 

Imports :

 

Products :

·         Raw Materials

Countries :

·         Germany

·         USA

·         Korea

·         Japan

 

 

Terms :

 

Selling :

Credit and DA

 

 

Purchasing :

Credit and DA 

 

 

GENERAL INFORMATION

 

Suppliers :

·         Reliance Industries Limited, Hazira

·         Finecure Pharmaceuticals Limited, Mumbai

 

 

Customers :

·         IPCA Pharmaceuticals

·         Cipla

 

 

No. of Employees :

300 (Approximately)

 

 

Bankers :

·         Standard Chartered Bank, Crescenzo, 3A/F, Plot No.C-38 and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India

·         Standard Chartered Bank, 90, M.G. Road, Fort, Mumbai – 400 001, Maharashtra, India

·         HDFC Bank Limited, 4th Floor, Millennium Towers, Bhandarkar Road, Pune – 411 004, Maharashtra, India

·         HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

 

 

Facilities :

Secured Loans

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Rupee term loans from banks

(Secured by way of pari passu charge on movable fixed assets of the company)

0.000

26.171

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

(Secured by hypothecation of present and future stock of Raw material, stock in process, finished goods, Stores and spares, book debts)

303.989

358.070

Total

303.989

384.241

 

Unsecured Loans

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Deferred sales tax loan

(Repayment commences from April 2016)

95.644

95.644

Total

95.644

95.644

 

 

 

Banking Relations :

--

 

 

 

 

Auditors :

 

Name :

Contractor Nayak and Kishnadwala

Chartered Accountants

Address :

5th Floor, Narain, Chambers, M.G. Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India

PAN No.:

AACFC8587E

 

 

Holding Company:

Packshield India Private Limited, India (CIN No.: U28129MH2003PTC139916)

 

 

Jointly Controlled Entities:

·         ACG Hongkong Limited

·         ACG North America LLC, United States

 

 

Companies, firms and other entities in which directors along with their relatives are able to exercise significant influence:

COMPANIES

·         ACG Arts and Properties Private Limited

·         ACG Associated Capsules Private Limited

·         Orind Estates Private Limited

·         Adhikar Trading Co Limited

·         ACG Metal Crafts Private Limited

·         Jeet Merchantile Private Limited

·         Evita Estates Private Limited

·         ACG Ajas Components Private Limited

·         ACG Inspection Systems Private Limited

·         Custom Capsules Private Limited

·         ACG Pam Glatt Pharma Technologies Private Limited

·         ACG Pampac Machines Private Limited, India (CIN No.:  U27299MH1987PTC044041)

·         ACG Pam Pharma Technologies Private Limited

·         ACG Real Estate Private Limited (formerly Trambak Developers Private Limited)

·         Pam Intech Machines Private Limited

·         EH Advisors and Consultants Private Limited

·         AE Advisors Private Limited

 

OVERSEAS ENTITIES

·         PT. Universal Capsules Indonesia INC

·         First Ventures Limited, Dubai Proprietor AS

·         Transworld Investments Limited, Dubai Proprietor JS

·         ACG Europe Limited

·         ACG Holding B.V, Netherlands

·         Lukaps d.o.o, Croatia

·         ACG DO Brazil Representacoes Commercials S/A

·         ACG Associated Capsules Philippines Inc.

 

FIRMS

·         Aries Components Mfg and Co

·         Centercorp

 

LIMITED LIABILITY PARTNERSHIP

·         ACG Value Links LLP

·         Napean Holdings Reality LLP

 

 

 

MAJOR SHAREHOLDERS

 

AS ON 24.09.2013

 

Names of Shareholders (Equity Shares)

 

 

No. of Shares

Associated Capsules Private Limited, India

 

4900

Ajit Singh Nominee of Associated Capsules Private Limited, India

 

100

Associated Capsules Private Limited, India

 

4900

Jasjit Singh Nominee of Associated Capsules Private Limited, India

 

100

Jasjit Singh HUF

 

12765

Kavita Jasjit Singh

 

3780

Nandini Jasjit Singh

 

1980

Singh Family Trust

 

180

Sardar Daljit Singh HUF

 

5580

MNT Will Trust, India

 

180

Priya Jasjit Singh

 

1980

Karan Jasjit Singh

 

1980

Jasjit Daljit Singh

 

228733

Ajit Daljit Singh

 

251398

Packshield India Private Limited, India

 

539720

Total

 

1058276

 

 

Names of Shareholders (Preference Shares)

 

 

No. of Shares

AE Advisors Private Limited, India

 

7488000

Total

 

7488000

 

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

85.463

85.463

104.184

(b) Reserves & Surplus

593.816

554.748

545.021

(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)

679.279

640.211

649.205

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

95.644

121.815

148.378

(b) Deferred tax liabilities (Net)

38.160

16.488

11.178

(c) Other long term liabilities

0.000

0.000

0.000

(d) Long-term provisions

6.160

7.714

6.975

Total Non-current Liabilities (3)

139.964

146.017

166.531

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

303.989

358.070

245.339

(b) Trade payables

246.623

146.753

80.467

(c) Other current liabilities

61.881

60.659

56.542

(d) Short-term provisions

46.988

10.714

53.131

Total Current Liabilities (4)

659.481

576.196

435.479

 

 

 

 

TOTAL

1478.724

1362.424

1251.215

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

468.644

499.985

513.039

(ii) Intangible Assets

1.443

0.000

0.000

(iii) Capital work-in-progress

0.000

2.410

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

2.799

1.299

1.299

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

31.503

20.055

7.160

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

504.389

523.749

521.498

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

274.999

283.456

201.276

(c) Trade receivables

639.301

454.033

423.464

(d) Cash and cash equivalents

3.169

2.053

2.355

(e) Short-term loans and advances

52.708

94.696

98.039

(f) Other current assets

4.158

4.437

4.583

Total Current Assets

974.335

838.675

729.717

 

 

 

 

TOTAL

1478.724

1362.424

1251.215

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

 

 

 

 

 

NET TURNOVER

2385.800

1924.000

1588.700

 

 

 

 

 

Less

TOTAL EXPENSES

NA

NA

NA

 

 

 

 

 

Less

PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

158.800

92.000

109.800

 

 

 

 

 

Less

INTEREST COST                     

38.400

29.400

27.600

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

120.400

62.600

82.200

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                    

50.500

47.600

45.100

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX 

69.900

15.000

37.100

 

 

 

 

 

Less

TAX                                                                 

22.200

5.300

6.600

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

47.700

9.700

30.500

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

18.500

8.800

20.600

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

General Reserve

10.000

0.000

3.100

 

 

Dividend on Preference Shares

13.100

0.000

39.200

 

BALANCE CARRIED TO THE B/S

43.100

18.500

8.800

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

846.900

596.300

417.300

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

32.70

9.19

NA

 

Particulars

 

 

 

31.03.2014

Sales Turnover (Approximately)

 

 

3060.000

 

The above information has been parted by Mr. Vivek Joshi (Senior Accounts Manager).

 

 

COMPANY OVERVIEW:

 

Subject, a member of ACG Worldwide, provides a complete range of high quality barrier-packaging films for the pharmaceutical, medical-device, personal care and food packaging sectors. The company is unique in that it manufactures calendared PVC film, PETG, Barex, PVdC coats and produces PVC/Aclar and other complex laminates all under one roof.

 

PERFORMANCE:

 

The Company recorded a net turnover of Rs.2385.800 millions for 2012-13 registering a growth of 24% over previous year. The performance is attributable to its thrust on new markets, international business, innovative products and improved operational efficiency.

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

LOCATIONS

 

Registered Office/ Corporate Headquarters :

1001, Dalamal House, 10th Floor, Nariman Point, Mumbai – 400 021, Maharashtra, India

Tel. No.:

91-22-22872557/ 30089444/ 45

Mobile No.:

91-9881904031 (Mr. Vivek)

Fax No.:

91-22-22872560

E-Mail :

gopal.shetty@acg-world.com

kishor.limaye@acg-world.com

gopal.shetty@acg-world.com

vivek.joshi@acg-world.com

info@acg-world.com

Website :

http://www.acg-world.com

http://www.acg-pharmapack.com

Location :

Owned

 

 

Factory  :

Shindewadi, Taluka Khandala, Shirwal, District Satara – 412 801, Maharashtra, India

Tel. No.:

91-2169-244001/ 305252

Fax No.:

91-2169-244379/ 305218

E-Mail :

sales.pharmapack@acg-world.com

 

 

Sales/ Research Centre :

Saitech Centre, 7, Prabhat Nagar, Patel Estate, Jogeshwari (West), Mumbai – 400 102, Maharashtra, India

Tel No.:

91-22-30462832/ 33/ 26780127/ 26791955/ 26789642

Fax No.:

91-22-22872560/ 26783244

Email :

sales.pharmapack@acg-world.com

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.