MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

UNIVERSAL MEDICARE PRIVATE LIMITED

 

 

Formerly Known As :

UNIVERSAL GENERICS LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMU04130A

 

 

PAN No.:

[Permanent Account No.]

AAACU0717B

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Information declined by the management 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Processing of Drugs and Nutritional Products.

 

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management 

 

 

Bankers :

·         The Hongkong and Shanghai Banking Corporation Limited, Network Service Centre, Sudam Kalu Ahire Marg, Worli, Mumbai – 400025, Maharashtra, India

 

·         HSBC Bank (Mauritius) Limited, 6th Floor, HSBC Centre, 18 Cyber City, Ebene-NA, Mauritius

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Short-term borrowings

 

 

Term loans from others

200.000

0.000

Total

200.000

0.000

 

 

 

Banking Relations :

---

 

 

Auditors :

 

Name :

Kalyaniwalla and  Mistry

Chartered Accountants

Address :

Kalpataru Heritage, 127, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India

Mobile No.:

91-9833133184

PAN No.:

AAAFK7554R

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives.

·         Geltec Private Limited

·         Capsulation Services Private Limited

·         Geltec Pharmacare Pte Limited, Singapore

·         Geltec Inc. USA

 

 

Subsidiary Company :

·         Geltec Pharmacare FZCO, Dubai

·         Geltec Pte. Limited Singapore

·         Geltec Inc Pte Limited, Singapore

·         Geltec Pharmacare Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

 

No. of Shares

Vikram Tannan

 

2436644

Vivek Tannan

 

366693

Jaya Tannan

 

29107

Preetika V Tannan

 

123042

Total

 

2955486

 

 

 

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

29.555

29.555

29.555

(b) Reserves & Surplus

4186.232

4069.685

598.800

(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)

4215.787

4099.240

628.355

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

94.363

(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

104.683

118.366

103.543

Total Non-current Liabilities (3)

104.683

118.366

197.906

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

200.000

0.000

0.000

(b) Trade payables

62.406

57.570

79.240

(c) Other current liabilities

16.959

21.475

108.054

(d) Short-term provisions

10.040

9.664

7.058

Total Current Liabilities (4)

289.405

88.709

194.352

 

 

 

 

TOTAL

4609.875

4306.315

1020.613

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

172.580

90.932

97.098

(ii) Intangible Assets

0.614

0.544

1.157

(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

407.450

153.656

148.656

(c) Deferred tax assets (net)

22.664

21.888

10.145

(d)  Long-term Loan and Advances

98.848

123.961

11.407

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

702.156

390.981

268.463

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

3253.019

3260.084

364.981

(b) Inventories

120.177

82.802

140.803

(c) Trade receivables

164.302

123.567

169.170

(d) Cash and cash equivalents

26.207

167.269

4.821

(e) Short-term loans and advances

65.024

62.414

70.163

(f) Other current assets

278.990

219.198

2.212

Total Current Assets

3907.719

3915.334

752.150

 

 

 

 

TOTAL

4609.875

4306.315

1020.613

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

700.646

1086.299

1253.733

 

 

Other Income

214.864

143.227

37.973

 

 

TOTAL                        

915.510

1229.526

1291.706

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

Administrative Expenses

735.524

968.509

1001.849

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                        

735.524

968.509

1001.849

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

179.986

261.017

289.857

 

 

 

 

 

 

FINANCIAL EXPENSES            

1.598

6.543

9.315

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

178.388

254.474

280.542

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION

18.525

20.312

19.553

 

 

 

 

 

 

PROFIT AFTER INTEREST & BEFORE EXTRAORDINARY ITEM AND TAX

159.863

234.162

260.989

 

 

 

 

 

 

EXTRAORDINARY ITEM

178.900

4782.909

0.000

 

 

 

 

 

 

PROFIT BEFORE TAX

338.763

5016.771

260.989

 

 

 

 

 

 

TAX                             

16.120

1107.931

78.059

 

 

 

 

 

 

PROFIT AFTER TAX

322.643

3908.840

182.930

 

 

 

 

 

 

Earnings Per Share (Rs.)

52.31

61.32

61.32

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

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 :

Exist

 

LITIGATION DETAILS

 

LITIGATION DETAILS

Bench:- Bombay

Lodging No. :

ITXAL/2032/2013

Failing Date:-

29/11/2013

 

 

 

 

 

Petitioner:-

THE COMMISSIONER OF INCOME TAX

Respondent:-

UNIVERSAL MEDICARE PRIVATE LIMITED

Petn.Adv:-

PADMA DICAKAR

Resp. Adv.:

SAMEER DALAL (ADV CODE 13965)

District:-

MUMBAI

 

Bench:-

DIVISION

Category:-

TAX APPEALS

Status:-

Pre-Admission

 

 

Last Date:-

06/12/2013

 

Last Coram:-

REGISTRAR (OS) / PROTHONOTARY& SR. MASTER

 

 

Act. :

Income Tax Act,1961

Under Section 260A

 

 

RBI DEFAULTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

Capsulation Premises, Deonar, Sion-Trombay Road, Mumbai-400088, Maharashtra, India

Tel. No.:

91-22-66478484 / 25568586

Fax No.:

91-22-25581780

E-Mail :

subaug04@gmail.com

mail@universalmedicare.com

 

 

Factory :

101, G.I.D.C. 811, Sarigam, Valsad - 396155, Gujarat, India

 

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.