MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

EMAMI FRANK ROSS LIMITED (w.e.f. 18.02.2008)

 

 

Formerly Known As :

FRANK ROSS LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AAACF3726D

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Painting, Sculptures etc.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Axis Bank Limited, RAC - Kolkata, Loards Building, 1st Floor, 7/1 Lord Sinha Road, Kolkata - 700071, West Bengal, India

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

Long-term borrowings

 

 

Rupee term loans from banks

462.500

72.500

Other loans and advances

0.377

0.000

Short-term borrowings

 

 

Working capital loans from banks

275.000

240.754

Loans repayable on demand

17.543

16.271

 

 

 

Total

755.420

329.525

 

Unsecured Loan

 

As on

31.03.2013

As on

31.03.2012

Long-term borrowings

 

 

Other loans and advances

0.000

116.834

Short-term borrowings

 

 

Rupee term loans from banks

0.000

450.000

Term loans from others

169.296

32.000

 

 

 

Total

169.296

598.834

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

S K Agrawal and  Company

Chartered Accountant

Address :

4A, Council House Street, Kolkata , West Bengal, India

PAN No.:

AATFS9977P

 

 

Entities where KMP have significant influence:

King and Company (Homoeo Chemist) Private Limited

 

 

Subsidiaries :

Frank Ross Medicare Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

SHAREHOLDING DETAILS FILE ATTACHED

 


 

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

20.827

20.827

20.827

(b) Reserves & Surplus

44.798

43.166

117.596

(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)

65.625

63.993

138.423

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

462.877

189.334

102.500

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

6.118

12.267

6.099

(d) long-term provisions

13.8700

13.023

23.909

Total Non-current Liabilities (3)

482.865

214.624

132.508

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

461.839

739.025

441.475

(b) Trade payables

87.826

101.785

83.832

(c) Other current liabilities

180.347

133.885

76.219

(d) Short-term provisions

0.259

0.403

0.372

Total Current Liabilities (4)

730.271

975.098

601.898

 

 

 

 

TOTAL

1278.761

1253.715

872.829

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

214.521

191.784

177.167

(ii) Intangible Assets

21.172

24.257

18.352

(iii) Capital work-in-progress

5.706

2.123

2.470

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

11.214

11.214

12.981

(c) Deferred tax assets (net)

1.546

1.674

3.001

(d)  Long-term Loan and Advances

79.853

56.522

36.579

(e) Other Non-current assets

6.913

4.260

5.321

Total Non-Current Assets

340.925

291.834

255.871

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

756.338

860.246

523.730

(c) Trade receivables

71.135

52.898

53.384

(d) Cash and cash equivalents

30.614

35.382

23.799

(e) Short-term loans and advances

79.749

13.355

16.045

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

937.836

961.881

616.958

 

 

 

 

TOTAL

1278.761

1253.715

872.829

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

1987.589

1833.991

1576.303

 

 

Other Income

9.968

14.669

6.592

 

 

TOTAL                                     (A)

1997.557

1848.660

1582.895

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of stock-in-trade

1431.988

1486.159

1261.948

 

 

Changes in inventories of finished goods, work-in-progress and stock-in-trade

103.908

(71.233)

-79.122

 

 

Employee benefit expense

143.555

129.135

101.162

 

 

Other expenses

158.748

166.344

153.745

 

 

TOTAL                                     (B)

1838.199

1710.405

1437.733

 

 

 

 

 

Less

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

159.358

138.255

145.161

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

125.958

118.453

59.454

 

 

 

 

 

 

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

33.400

19.802

85.708

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

31.626

26.781

20.620

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX (E-F)                 (G)

1.774

(6.979)

65.088

 

 

 

 

 

Less

TAX                                                                  (H)

0.142

(13.783)

20.081

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX (G-H)                  (I)

1.632

6.804

45.007

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

0.58

3.27

21.61

 

 

OPERATION

 

The company is engaged in the retail business of pharmaceuticals in the name of “Frank Ross Pharmacy” and retail business of Books, CD’s, Toys and Stationary etc. in the brand name of “starmark” having retail outlets at South City, Mani Square, City Centre and Emami Market. The Company has shown considerable improvement Gross turnover for the year is Rs. 2020.085 Millions whereas for the previous year was Rs.1854.939 Millions thus resulting in a growth of 8.90% and net profit after tax of Rs.1.632 Millions.

 

The company has been expanding its retail medicine business with the name of “Frank Ross Pharmacy” across the country. The company has opened further new branches at the following places: One shop each at Abhishikta, Bijoygarh, Gurusaday Road, Manicktala, Narendrapur, Lkae Gardens, Malda, Murshidabad, Chittaranjan and Bangalore-Vijaynagar.

 

The company is further planning for opening new shops/branches at Thakurpukur, Karaya Road, Khardah, Harish Mukherjee New, Salt Lake Petrol Pump, Baruipur, Naihati, 4 more Outlets at Bangalore- Indiranagar, Jyanagar, Yelahanka and Chamrajpet and at Ahmedabad- Shastrinagar.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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 :

7, Jawaharlal Nehru Road, Kolkata – 700013, West Bengal, India

Tel. No.:

91-33-22284296 / 22286042 / 22280066 / 22280067

Fax No.:

91-33-22285821

E-Mail :

frmspl@cal2.vsnl.net.in

info@frankrosspharmacy.com

Website :

www.frankrosspharmacy.com

 

 

Stores :

AMRI Hospital, JC-16 and 17, Salt lake (Main building), Sector-III, Kolkata-700098, West Bengal, India

Tel. No.:

91-33-23352750

 

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.