MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	BAKSON DRUGS AND PHARMACEUTICALS 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 Homoeopathic Medicines

GENERAL INFORMATION

No. of Employees :

Information declined by the management

Bankers :

· Oriental Bank of Commerce, A-Block Branch, H-15, Connaught Circus, New Delhi – 110001, India

· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Vadodara - 390015, Gujarat, India

Facilities :

Secured Loan

Particular	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
Long Term Borrowing
Loans from bank and other	72.177	62.298
Total	72.177	62.298

UNSECURED LOAN

Particular	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
Long Term Borrowing
Loans and Advances From Bank Institutions	74.621	55.500
Loans From Director and Shareholders	0.800	0.800
Other loans and advance	28.313	7.636
Short Term Borrowing
Advance from customers	4.604	3.879
Total	108.338	67.815


Banking Relations :	---

Auditors :
Name :	Kharabanda Associates Chartered Accountants
Address :	112, RPS Sheikh Sarai,Phase-I, New Delhi – 110017, India
Tel. No.:	91-11-26017190
PAN No.:	AAGPK3615B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders		No. of Shares
Satinder Pal Singh Bakshi		70357
Mohinder Palsingh Bakshi		7
Total		70364

AS ON 30.09.2013

Equity Share Break up (Percentage of Total Equity)

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	7.036	7.036	7.036
(b) Reserves & Surplus	171.268	160.895	137.437
(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)	178.304	167.931	144.473

(3) Non-Current Liabilities
(a) long-term borrowings	175.911	126.234	96.350
(b) Deferred tax liabilities (Net)	11.679	11.085	9.889
(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)	187.590	137.319	106.239

(4) Current Liabilities
(a) Short term borrowings	4.604	3.879	4.105
(b) Trade payables	41.253	35.650	34.844
(c) Other current liabilities	0.600	1.274	1.303
(d) Short-term provisions	97.025	67.076	61.888
Total Current Liabilities (4)	143.482	107.879	102.140

TOTAL	509.376	413.129	352.852

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	165.542	131.476	113.444
(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	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.178	0.267	0.356
Total Non-Current Assets	165.720	131.743	113.800

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	56.303	46.773	39.530
(c) Trade receivables	142.802	124.730	104.641
(d) Cash and cash equivalents	19.799	31.336	46.454
(e) Short-term loans and advances	124.752	79.547	48.427
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	343.656	282.386	239.052

TOTAL	509.376	413.129	352.852

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	549.284	444.152	366.007
		Other Income			10.401
		TOTAL	549.284	444.152	376.408

Less	EXPENSES
		Office Expenses
		Administrative Expenses	522.346	405.461	331.252
		Advertising Expenses
		TOTAL	522.346	405.461	331.252

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		26.938	38.691	45.156

Less/ Add	DEPRECIATION/ AMORTISATION		7.556	6.306	5.501

	NET PROFIT BEFORE TAX & EXCEPTIONAL ITEM		19.382	32.385	39.655

Less	Exceptional items		0.089	0.089	0.089

	PROFIT BEFORE TAX		19.293	32.296	39.566

Less	TAX		9.920	7.838	10.086

	PROFIT AFTER TAX		9.373	24.458	29.480

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	15.334	10.536	6.998
	TOTAL EARNINGS		15.334	10.536	6.998

	Earnings Per Share (Rs.)		133.21	347.59	418.96

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

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 :	A-51 , NDSE-I, New Delhi – 110049, India
Tel. No.:	Not Available
Mobile No.:	91-9899101742 (Mr. P. K. Dhar)
Fax No.:	Not Available
E-Mail :	ajc.india@rediffmail.com
Website :	http://www.bakson.net

Corporate Office :	A-51, South Extension Part 1, New Delhi – 110 049, India
Tel. No.:	91-11-41646562 / 41646563 / 41647156
Fax No.:	91-11-41645844
E-Mail :	office@bakson.net marketing@bakson.net works@bakson.net

Factory 1 :	12A/1, Sector-2, Parwanoo-173 220, Himachal Pradesh, India
Tel. No.:	91-1792-232809
Fax No.:	91-1792-233562
E-Mail :	works@bakson.net

Factory 2 :	Shilu Kala, Parwanoo-173220, District Solan - 173220, Himachal Pradesh, India
Tel. No.:	91-1792-280032 / 280003
Fax No.:	91-1792-233562

Factory 3 :	Village Chouli Shahbuddinpur, Pargana Bhagwanpur, Tehsil Roorkee-247667,Haridwar (U.K.)

Central Office :	Located At : · New Delhi · Daryaganj · Dwarka · Hargobind Enclave · Janakpuri · Kalkaji · Patel Nagar · Pitampura · Rajouri Garden · Sarojini Nagar · Shakti Nagar

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.

MIRA INFORM REPORT

· Pitampura