MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ONTOP PHARMACEUTICALS PRIVATE LIMITED (w.e.f.22.09.2010)

 

 

Formerly Known As :

ONTOP PHARMACEUTICALS LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BLRO01039D

BLRO00203A

 

 

PAN No.:

[Permanent Account No.]

AAACO2536N

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

220 (Approximately) (Including Contract Workers)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Pharmaceutical Formulation. 

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

¨       Mahadev Medical Agency

¨       Reddy Pharmaceuticals Limited

 

 

Customers :

Wholesalers and Retailers

 

¨       Glenmark Pharmaceuticals Limited

¨       Centure Pharmaceuticals Limited

 

 

No. of Employees :

220 (Approximately) (Including Contract Workers)

 

 

Bankers :

Karnataka Bank Limited, P.B.No.599, Mahaveera Circle, Kankanady  Mangalore - 575002, Karnataka, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

From Banks

Karnataka Bank Limited

(Secured against floating charge on stock in trade, book debt and other movable assets of the company)

13.576

7.014

 

 

 

Total

13.576

7.014

 

Banking Relations :

--

 

 

Auditors :

 

Name :

S. P. Krishnamurthy And Company

Chartered Accountants

Address :

No. 36, 1st Floor, 4th Main, Vyalikaval, Bangalore – 560003, Karnataka, India

Tel. No.:

91-80-23312859

Mobile No.:

91-9341228317

E-Mail :

spkmurthy@dataone.in

caspkmurthy@gmail.com

PAN No. :

ABCOK7127K

 

 

Associate :

Systopic Laboratories Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

% of Shares Held

Abhishek Dutta

539300

47.84

Sanju Dutt

587902

52.16

 

 

 

Total

1127202

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

11.272

11.272

11.272

(b) Reserves & Surplus

75.190

59.513

42.628

(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)

86.462

70.785

53.900

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

2.350

(b) Deferred tax liabilities (Net)

13.222

12.392

12.906

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

5.230

3.805

3.009

Total Non-current Liabilities (3)

18.452

16.197

18.265

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

13.576

7.014

22.496

(b) Trade payables

56.699

36.719

42.941

(c) Other current liabilities

4.369

21.668

41.326

(d) Short-term provisions

0.000

1.696

0.000

Total Current Liabilities (4)

74.644

67.097

106.763

 

 

 

 

TOTAL

179.558

154.079

178.928

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

127.199

(i) Tangible assets

117.373

118.704

0.000

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

1.414

(d)  Long-term Loan and Advances

1.373

1.614

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

118.746

120.318

128.613

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

43.553

23.009

32.256

(c) Trade receivables

11.912

4.531

3.959

(d) Cash and cash equivalents

0.053

0.031

0.014

(e) Short-term loans and advances

1.059

1.107

6.510

(f) Other current assets

4.235

5.083

7.576

Total Current Assets

60.812

33.761

50.315

 

 

 

 

TOTAL

179.558

154.079

178.928

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

398.306

379.569

292.068

 

 

Other Income

1.961

0.006

0.026

 

 

TOTAL                                    

400.267

379.575

292.094

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

370.166

347.468

263.351

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

30.101

32.107

28.743

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

7.003

6.875

6.422

 

 

 

 

 

 

PROFIT BEFORE TAX

23.098

25.232

22.321

 

 

 

 

 

Less

TAX                                                                 

7.421

8.347

8.537

 

 

 

 

 

 

PROFIT AFTER TAX

15.677

16.885

13.784

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

57.160

40.275

26.491

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

72.837

57.160

40.275

 

 

 

 

 

 

Earnings Per Share (Rs.)

13.91

14.98

12.23

 

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

600.000

 

 

 

 

 

The above information has been parted by Mr. Sreedhar

 

 

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/ Factory :

9-D, Bommasandra Industrial Area, Hosur Road, Bangalore – 562158, Karnataka, India

Tel. No.:

91-80-27833435

Fax No.:

91-80-27831360

E-Mail :

trskumar2@dataone.in

ontopbangalore@yahoo.co.in

Area :

2 Acre

Location :

Owned

 

 

Marketing Office :

G-1, Satya Mansion, Commercial Complex, Ranjit Nagar, New Delhi, India 

Location :

Owned

 

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.