MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ADLER MEDIEQUIP PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Information declined by the management

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Surgical Implants and Instruments.

 

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management

 

 

Bankers :

·         State Bank of India, Commercial Branch, Vile Parle (East), Mumbai - 400057, Maharashtra, India.

·         Bank of Maharashtra, Tilak Road Branch, Sadashiv Peth, Pune - 411030, Maharashtra, India.

·         Janata Sahakari Bank Limited, Vile Parle (East) Branch, Mumbai - 400057, Maharashtra, India.

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

Long Term Borrowings

 

 

Vehicle Loan from Sundaram Finance Limited

0.000

0.280

Term Loan from Bank of Maharashtra

0.000

7.094

Short Term Borrowings

 

 

Cash Credit from Scheduled Bank

0.000

1.979

 

 

 

Total

0.000

9.353

 

UNSECURED LOAN

(Rs. In Millions)

Particular

As on

31.03.2013

As on

31.03.2012

Long Term Borrowings

 

 

Loan from Directors and Shareholders

65.700

37.450

Deferred liabilities (from DCK Limited)

0.000

2.048

Loan from Department of Biotechnology (DBT)

0.000

5.000

 

 

 

Total

65.700

44.498

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

GPS and Associates

Chartered Accountants

Address :

A-1, Sindhi Niwas, Sitaladevi Temple Road, Mahim, Mumbai – 400016, Maharashtra, India

PAN No.:

AADFG4422H

 

 

Enterprise over which key managerial personnel are able to exercise significant influence:

·         Adler Mediequip Private Limited

·         Ajay Pitre Properties

·         Pitre Foundation

·         Credar – Hospitality

·         Clariance IT Solutions Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

Names of Shareholders

 

No. of Shares

Pitre Vasant Vimal

 

14000

Pitre Manohar Vasant

 

14000

Pitre Vasant Ajay

 

163300

Pitre Ajay Bharati

 

70200

Vasant Pitre (HUF)

 

10000

Ajay Pitre (HUF)

 

5000

Pitre Ajay Varun

 

15000

Pitre Ajay Anuja

 

15000

Total

 

306500

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 25.09.2012

 

Category

 

Percentage

Directors or relatives of directors

 

100.00

Total

 

100.00

 


 

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

3.065

3.065

3.065

(b) Reserves & Surplus

89.081

79.869

68.916

(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)

92.146

82.934

71.981

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

65.700

51.872

26.682

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

65.700

51.872

26.682

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

1.979

7.656

(b) Trade payables

23.401

22.053

29.093

(c) Other current liabilities

21.498

17.636

14.737

(d) Short-term provisions

0.000

3.384

2.689

Total Current Liabilities (4)

44.899

45.052

54.175

 

 

 

 

TOTAL

202.745

179.858

152.838

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

43.464

51.322

43.671

(ii) Intangible Assets

0.346

0.140

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

0.000

0.433

0.546

(c) Deferred tax assets (net)

4.427

3.065

3.422

(d)  Long-term Loan and Advances

12.536

9.014

10.307

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

60.773

63.974

57.946

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

28.637

14.761

8.753

(b) Inventories

41.459

42.303

37.280

(c) Trade receivables

46.664

50.129

39.263

(d) Cash and cash equivalents

24.070

7.121

6.125

(e) Short-term loans and advances

1.105

1.515

3.408

(f) Other current assets

0.037

0.055

0.063

Total Current Assets

141.972

115.884

94.892

 

 

 

 

TOTAL

202.745

179.858

152.838

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

184.421

175.427

159.782

 

 

Other Income

2.723

0.743

1.286

 

 

TOTAL                                     (A)

187.144

176.170

161.068

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Finished Goods Sold

48.147

40.694

48.405

 

 

Purchases of Stock in Trade

20.175

14.862

8.328

 

 

Changes in Inventories of Finished Goods, Stock in trade

(1.471)

(3.208)

(7.828)

 

 

Employee Benefits Expense

23.208

21.522

19.487

 

 

Other Expenses

66.802

64.239

62.736

 

 

Exceptional and Extra-Ordinary Items

0.509

0.000

0.783

 

 

Gain/Loss on Sttlement Prior Period Items

0.000

0.000

(0.494)

 

 

Profit / (Loss) on redemption / restatement of Mutual Funds

0.000

0.000

0.017

 

 

TOTAL                                     (B)

157.370

138.109

131.434

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

29.774

38.061

29.634

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

8.946

5.623

4.211

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

20.828

32.438

25.423

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

13.612

13.461

11.247

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

7.216

18.977

14.176

 

 

 

 

 

Less

TAX                                                                  (H)

(1.400)

4.640

0.559

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

8.616

14.337

13.617

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

36.092

32.640

24.212

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

0.000

7.500

2.500

 

 

Proposed Dividend

0.000

2.913

2.299

 

 

Corporate Dividend Tax

0.000

0.472

0.390

 

BALANCE CARRIED TO THE B/S

44.708

36.092

32.640

 

 

 

 

 

 

Earnings Per Share (Rs.)

28.11

46.77

44.43

 

 

LOCAL AGENCY FURTHER INFORMATION

 

LITIGATION DETAILS

Bench:- Bombay

Lodging No. :

ITXAL/1221/2013

Failing Date:-

29/07/2013

Reg. No.:-

ITXA/2334/2013

Reg. Date:-

11/12/2013

 

Petitioner:-

THE COMMISSIONER OF INCOME TAX

Respondent:-

ADLER MEDIEQUIP PRIVATE LIMITED

Petn.Adv:-

VIPUL ARUN BAJPAYEE ()

 

 

District:-

PUNE

 

Bench:-

DIVISION

 

 

Status:-

Pre-Admission

Stage:-

FOR ADMISSION – FRESH

Last Date:-

14/08/2014

 

Last Coram:-

HON’BLE SHRI JUSTICE S.C. DHARMADHIKARI

HON’BLE SHRI JUSTICE B.P. COLABAWALLA

 

 

Act. :

Income Tax Act,1961

Under Section 260A

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (66)

 

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

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

RBI DEFAULTERS’ LIST STATUS

 

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

 

LOCATIONS

 

Registered Office :

Sushrut House, Survey No. 288, Next to MIDC Hinje, At Mann, Taluka Mulsi, Pune – 411057, Maharashtra, India

Tel. No.:

91-20-66520700

Fax No.:

91-20-66520800

E-Mail :

accounts@sushrut.com

deepa_kewlani@sushrut.com

kundan-tambe@sushrut.com

Website :

http://www.adlermediequip.com

 

 

Factory :

At Muradpur, P.O Hativ, Taluka Sangameshwar, District Ratnagiri – 415804, Maharashtra, India

Tel. No.:

91-2354-240179

Fax No.:

91-2354-240336

 

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.