MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

PELL TECH HEALTH CARE PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMP19440B

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

70 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Capsules, Tablets, Granules etc.

 

 

Exports :

 

Products :

·         Capsules

·         Tablets

·         Granules

Countries :

·         Nigeria

·         South Africa

·         UAE

·         Pakistan

·         Latin

·         America

·         Europe

 

 

Imports :

 

Products :

Raw Material

Countries :

New Zealand

 

 

GENERAL INFORMATION

 

No. of Employees :

70 (Approximately)

 

 

Bankers :

·         The Zoroastrian Co-Operative Bank Limited, Borivali Branch, 8/10, Dttani Trade Centre, Chandavarkar Road, Borivali (West), Mumbai-400092, Maharashtra, India

·         Excellent Co-Operative Bank Limited

·         The Shamrao Vithal Co-Operative Bank Limited, Malad Branch, 47/A, S M House, Lourdes Colony, Orlem, Malad (West), Mumbai – 400064, Maharashtra, India

·         Axis Bank Limited

·         ICICI Bank Limited

·         State Bank of India

·         Union Bank of India

 

 

Facilities :

·         Cash Credit Rs.17.500 Millions (From The Shamrao Vithal Co-Operative Bank Limited)

·         TL Rs.29.500 Millions (From The Shamrao Vithal Co-Operative Bank Limited)

·         Cash Credit Rs.22.500 Millions (From The Zoroastrian Co-Operative Bank Limited

·         TL Rs.8.000 Millions (From The Zoroastrian Co-Operative Bank Limited

 

(Rs. In Millions)

Secured Loan (Provisional)

As on

31.03.2014

The Shamrao Vithal Co-Operative Bank Limited – TL/B/LOAN/470

14.409

Zoroastrian Co-Operative Bank Limited – L/A 13/5

0.529

Zoroastrian Co-Operative Bank Limited – L/A 15/1

0.597

Zoroastrian Co-Operative Bank Limited – L/A 15/10

0.393

Zoroastrian Co-Operative Bank Limited – L/A 28/79

6.936

ICICI Bank Limited – Care Loan

0.920

The Shamrao Vithal Co-Operative Bank Limited – 102119940000040

16.844

Zoroastrian Co-Operative Bank Limited – CC A/c No. 5585

22.754

 

 

Total

63.382

 

SECURED LOANS

31.03.2013

(Rs. In Millions)

LONG TERM BORROWINGS

 

Term Loans – From Banks

(Secured by Land, Building, Plant and Machinery and Vehicle)

 

Zoroastrian Co-operative Bank - Car Loan

0.000

Zoroastrian Co-operative Bank -3

2.588

Zoroastrian Co-operative Bank – 1

19.351

Zoroastrian Co-operative Bank - 4

0.760

Zoroastrian Co-operative Bank - 5

1.651

The Shamrao Vithal Co-Operative Bank TL/B/LOAN/470

7.699

 

 

SHORT TERM BORROWINGS

 

Loans repayable on demand

From Bank

(Secured by stock and debtors)

 

The Shamrao Vithal Co-Operative Bank – 102119940000040

8.606

Zoroastrian Co-operative Bank Limited – CC A/c

22.971

 

 

Total

63.626

 

 

UNSECURED LOAN (Provisional)

As on

31.03.2014

Loans from Directors and Related Parties

21.350

Loans from Financial Institution

2.293

 

 

Total

23.643

 

UNSECURED LOANS

 

31.03.2013

(Rs. In Millions)

LONG TERM BORROWINGS

 

Loans and advances from related parties

Loans from Directors and Related Parties

1.730

 

 

Total

1.730

 

 

 

Banking Relations :

 

 

 

Name :

S. Madanlal Mehta and Company

Chartered Accountants

Address :

Office No.26, 47 Dr. M. B. Velkar Street, Mumbai - 400002, Maharashtra, India

Tel. No.:

91-22-22202051 / 22077581

Income-tax PAN of auditor or auditor's firm :

AAAPM8940K

 

 

Sister Concern :

Ator Healthcare Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

Names of Shareholders

 

No. of Shares

Prashant Shah

 

400000

Dharmesh Sunderji Shah

 

450000

Rupal Prashant Shah

 

200000

Neepa Dharmesh Shah

 

150000

Sunderji M Shah

 

150000

Madhuben S. Shah

 

150000

Prashant Shah (HUF)

 

150000

Dharmesh Shah (HUF)

 

150000

Nirali S Shah

 

150000

Underji M Shah (HUF)

 

150000

 

 

 

Total

 

2100000

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

(PROVISIONAL)

 

SOURCES OF FUNDS

 

 

 

31.03.2014

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

 

30.000

2] Share Application Money

 

 

0.000

3] Reserves & Surplus

 

 

0.000

4] (Accumulated Losses)

 

 

(6.270)

NETWORTH

 

 

23.730

LOAN FUNDS

 

 

 

1] Secured Loans

 

 

63.382

2] Unsecured Loans

 

 

23.643

TOTAL BORROWING

 

 

87.025

DEFERRED TAX LIABILITIES

 

 

0.000

 

 

 

 

TOTAL

 

 

110.755

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

67.172

Capital work-in-progress

 

 

0.000

 

 

 

 

INVESTMENT

 

 

0.108

DEFERREX TAX ASSETS

 

 

7.606

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

 
 
24.236

 

Sundry Debtors

 
 
41.170

 

Cash & Bank Balances

 
 
(1.995)

 

Other Current Assets

 
 
0.000

 

Loans & Advances

 
 
10.005

Total Current Assets

 
 
73.416

Less : CURRENT LIABILITIES & PROVISIONS

 
 
 

 

Sundry Creditors

 
 
33.404

 

Other Current Liabilities

 
 
0.000

 

Provisions

 
 
4.832

Total Current Liabilities

 
 
38.236

Net Current Assets

 
 
35.180

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

0.689

 

 

 

 

TOTAL

 

 

110.755

 

 

SOURCES OF FUNDS

 

 

31.03.2013

31.03.2012

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

21.000

21.000

(b) Reserves & Surplus

 

(12.388)

(16.076)

(c) Money received against share warrants

 

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

 

31.948

28.313

Total Shareholders’ Funds (1) + (2)

 

40.560

33.237

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

33.779

37.345

(b) Deferred tax liabilities (Net)

 

0.000

0.000

(c) Other long term liabilities

 

0.000

0.000

(d) long-term provisions

 

0.000

0.000

Total Non-current Liabilities (3)

 

33.779

37.345

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

31.577

21.429

(b) Trade payables

 

41.231

34.847

(c) Other current liabilities

 

0.000

0.000

(d) Short-term provisions

 

3.374

1.937

Total Current Liabilities (4)

 

76.182

58.213

 

 

 

 

TOTAL

 

150.521

128.795

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

47.010

51.892

(ii) Intangible Assets

 

0.000

0.000

(iii) Capital work-in-progress

 

18.981

0.000

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

0.109

0.106

(c) Deferred tax assets (net)

 

7.606

8.514

(d)  Long-term Loan and Advances

 

0.862

0.748

(e) Other Non-current assets

 

0.000

0.000

Total Non-Current Assets

 

74.568

61.260

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

31.772

34.885

(c) Trade receivables

 

35.516

25.518

(d) Cash and cash equivalents

 

1.732

3.143

(e) Short-term loans and advances

 

6.933

3.989

(f) Other current assets

 

0.000

0.000

Total Current Assets

 

75.953

67.535

 

 

 

 

TOTAL

 

150.521

128.795

 

 


PROFIT & LOSS ACCOUNT

 

(PROVISIONAL)

 

 

PARTICULARS

 

 

31.03.2014

 

SALES

 

 

 

 

 

Income

 

 

200.582

 

 

Other Income

 

 

9.759

 

 

TOTAL                                     (A)

 

 

210.341

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Goods Sold

 

 

145.918

 

 

Salary, Wages and Employment Expenses

 

 

17.584

 

 

Sales and Administrative Expenses

 

 

20.071

 

 

Increase/ Decrease in Finished Stock

 

 

3.630

 

 

TOTAL                                     (B)

 

 

187.203

 

 

 

 

 

Less

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

 

 

23.138

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

 

 

9.927

 

 

 

 

 

 

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

 

 

13.211

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

 

8.127

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

 

 

5.084

 

 

 

 

 

Less

TAX                                                                  (H)

 

 

0.000

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

 

 

5.084

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

 

1.69

 

 

 

PARTICULARS

 

31.03.2013

 

31.03.2012

 

SALES

 

 

 

 

 

Income

 

178.114

(Gross)

160.000

 

 

Other Income

 

NA

NA

 

 

TOTAL                                    

 

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

 

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX 

 

4.949

NA

 

 

 

 

 

Less

TAX                                                                 

 

1.606

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

 

3.343

3.681

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

40.997

42.196

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

1.59

1.75

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (27)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office/ Factory :

Plot No.20-B, Tansa Farm Estate, Village Met, Bhiwani-Wada Road, Thane - 421312, Maharashtra, India 

Tel. No.:

91-22-28662980 / 65164880/ 67525303/ 09

Fax No.:

91-22-28625326

E-Mail :

utpal@pelltech-healthcare.com

mkt@pelltech-healthcare.com

export@pelltech-healthcare.com

sales@pelltech-healthcare.com 

Website :

www.pelltech-helathcare.com

Location:

Owned

 

 

Correspondence Office:

202, Sonmur Apartments, Above Axis Bank, S.V. Road, Malad (West), Mumbai – 400064, Maharashtra, India

Tel. No.:

91-22-6752354/ 67525301/ 6725302/ 28662980/ 28083674

Fax No.:

91-22-67525349/ 28055626

Email:

sales@peltechhealthcare.com

pelltech@vsnl.net

 

 

CHANGE OF ADDRESS

 

The registered office of the company has been shifted from C/O Ator Pharmaceutical Daruwala Compound, S.V. Road, Malald (West), Mumbai – 400064, Maharashtra, India to the present address w.e.f. 01.04.2008.

 

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.