MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

BIO RAD LABORATORIES (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AAACB3202A

 

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

200 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and marketing of laboratories products.

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Sri Lanka

·         Nepal

·         Mauritius

 

 

Imports :

 

Products :

Finished Goods

Countries :

USA

 

 

Terms :

 

Selling :

Depend

 

 

Purchasing :

Depend

 

FINANCIAL RESULTS

 

The company has achieved a turnover of Rs 1,803.610 million as compared to Rs. 1,755.440 million in last year. Other income earned by the company was Rs 6.850 million as compared to Rs 4.050 million in last year. Net Profit before tax was Rs 90.280 million as compared to Rs 145.630 million in last year.

 

 

 

GENERAL INFORMATION

 

Suppliers :

Bio Rad Laboratories, USA

 

 

No. of Employees :

200 (Approximately)

 

 

Bankers :

·         Citi Bank

·         The Hongkong and Shanghai Banking Corporation Limited

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

V Sahai Tripathi and Company

Chartered Accountants

Address :

8 E, Hansalaya, 15, Barakhamba Road, Connaught Place, Delhi - 110001, India

PAN No.:

AAHFV2143G

 

 

Subsidiary company :

 

Diamed Scientific Technologies Private Limited [U33110MH2004PTC149848]

 

 

Associate :

 

·         Diamed Instruments Logistics

·         Diamed AG

 

 

Fellow Subsidiary company :

 

·         Bio-Rad Thailand

·         Bio-Rad Singapore MFG

·         Bio-Rad Singapore

·         Bio-Rad Pacific Limited, HK

·         Bio-Rad Italy

·         Bio-Rad Germany

·         Bio-Rad France

·         Bio-Rad Europe

·         Bio-Rad Deeside

·         Bio-Rad Australia

 

 

Holding company :

Bio-Rad Laboratories INC, USA

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 10.09.2013

 

Names of Shareholders

 

 

No. of Shares

Bio-Rad Laboratories Inc, USA

 

300000

Schwartz David Norman

 

200

Wagle Mohan Dhiren

 

100

 

 

 

Total

 

300300

 

AS ON 10.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

99.99

Directors or relatives of Directors

0.01

 

 

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

3.003

3.003

3.003

(b) Reserves & Surplus

681.579

630.695

506.574

(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)

684.582

633.698

509.577

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

5.203

4.803

6.514

(d) long-term provisions

10.577

9.706

6.304

Total Non-current Liabilities (3)

15.780

14.509

12.818

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

333.742

184.238

277.850

(c) Other current liabilities

166.325

125.394

70.578

(d) Short-term provisions

15.503

14.119

64.098

Total Current Liabilities (4)

515.570

323.751

412.526

 

 

 

 

TOTAL

1,215.932

971.958

934.921

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

211.193

175.916

135.559

(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

3.026

3.026

11.750

(c) Deferred tax assets (net)

84.012

47.792

19.416

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

73.472

56.346

42.065

Total Non-Current Assets

371.703

283.080

208.790

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

325.615

301.029

256.204

(c) Trade receivables

376.284

291.585

378.487

(d) Cash and cash equivalents

117.571

83.007

84.618

(e) Short-term loans and advances

21.362

12.047

5.625

(f) Other current assets

3.397

1.210

1.197

Total Current Assets

844.229

688.878

726.131

 

 

 

 

TOTAL

1,215.932

971.958

934.921

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Revenue from operations

1,803.615

1,755.449

1,297.658

 

Other Income

6.851

4.053

3.230

 

TOTAL

1,810.466

1,759.502

1,300.888

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of sale

995.853

883.019

597.039

 

Selling and Administration Expenses

610.306

613.867

406.172

 

TOTAL

1,606.159

1,496.886

1,003.211

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

204.307

262.616

297.677

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

114.030

116.986

49.405

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

90.277

145.630

248.272

 

 

 

 

 

Less

TAX

39.394

65.645

71.782

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

50.883

79.985

176.490

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

2.203

6.869

4.759

 

Commission

63.038

65.196

44.036

 

TOTAL EARNINGS

65.241

72.065

48.795

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

169.44

266.35

NA

 

 

 

 

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 :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

Plot No. 1270, Lal Dora, Kapashera Village, Opposite Fun And Food Village , New Delhi -110037, India

Tel. No.:

Not Available

Mobile No.:

91-9582960488 (Mr. Vipul Bhrigu)

Fax No.:

Not Available

E-Mail :

Ramesh_pandey@bio-rad.com

Navneet_gupta@bio-rad.com

Website :

www.bio-rad.com

 

 

Head Office :

No. 86-87, Udyog Vihar, Phase-IV, Gurgaon - 122015, Haryana, India

Tel. No.:

91-124-4029300

 

Address Shift Note

 

The registered office of the company has been shifted from M-23, Lajpat Nagar, New Delhi – 110024, India to the present address.

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.