MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

LAKE CHEMICALS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BLRL00253B

 

 

PAN No.:

[Permanent Account No.]

AAACL3683K

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the manufacturing and selling of pharmaceutical products.

 

 

Products :

·         Alprazolam

·         Bromazepam

·         Clobazam

·         Clonazepam

·         Dorzolamide HCL

·         Flunitrazepam

·         Flurazepam Di and Mono HCL

·         Loperamide HCL

·         Lorazepam

·         Loprazolam Mesilate

·         Midazolam

·         Midazolam HCL

·         Midazolam Maleate

·         Nitrazepam

·         Nordazepam

·         Olanzapine Form 1

·         Pinazepam

·         Zolpidem Tartrate

 

 

 

 

PRODUCTION STATUS (As on 31.03.2011)

 

Particulars

Unit

Licensed Capacity

Installed Capacity

Actual Production

Powder

Kg’s

NA

NA

10443.330

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         State Bank of Mysore, Ramanashree Arcade, No. 18, M.G. Road, Bangalore – 560001, Karnataka, India

 

·         State bank of Mysore, Corporate Accounts Branch, No. 18, Ramanashree Arcade, Midford Gardens Road, M.G. Road, Bangalore – 560001, Karnataka, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

State Bank of Mysore

2.000

3.000

 

 

 

Short Term Borrowings

 

 

From Banks

 

 

-          Cash Credit

0.000

7.444

 

 

 

Total

2.000

10.444

 

 

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

T.D. Jain And D.I. Sakaria

Chartered Accountants

Address :

#34, Keshava Nivas, 3rd Floor, First Main, Gandhinagar, Bangalore – 560009, Karnataka, India

PAN No.:

AAAFO2177L

 

 

 

 

 

 

 

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.09.2013

 

Names of Equity Shareholders

 

No. of Shares

Bhawaribai Surana

30010

Archana Surana

30010

Manoj Palrecha

50800

Anitha Siroya

110

Harsha Siroya

15000

Hasumathi Siroya

10000

Micro Labs

22600

D.B.Siroya Services Private Limited

200000

Prakash Palrecha and Anitha Palrecha

25000

Monica Surana

37510

 

 

Total

421040

 

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

4.210

4.250

4.250

(b) Reserves & Surplus

180.272

138.018

100.528

(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)

184.482

142.268

104.778

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.000

3.000

0.000

(b) Deferred tax liabilities (Net)

9.504

11.544

10.821

(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)

11.504

14.544

10.821

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

7.444

6.647

(b) Trade payables

53.713

40.307

33.514

(c) Other current liabilities

14.854

21.332

14.437

(d) Short-term provisions

1.356

4.231

2.247

Total Current Liabilities (4)

69.923

73.314

56.845

 

 

 

 

TOTAL

265.909

230.126

172.444

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

61.394

64.435

65.421

(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

1.817

1.380

1.135

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

63.211

65.815

66.556

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

115.318

79.705

38.534

(b) Inventories

13.800

10.004

9.453

(c) Trade receivables

55.781

61.720

50.273

(d) Cash and cash equivalents

1.434

0.880

1.598

(e) Short-term loans and advances

16.087

11.672

5.700

(f) Other current assets

0.278

0.330

0.330

Total Current Assets

202.698

164.311

105.888

 

 

 

 

TOTAL

265.909

230.126

172.444

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

Income

 

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

290.825

290.894

205.566

 

 

 

 

 

Less

EXPENSES

237.910

239.632

175.618

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX      

52.915

51.262

29.948

 

 

 

 

 

Less

TAX                                                                 

10.662

13.771

13.572

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX

42.253

37.491

16.376

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

127.349

89.858

73.482

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

169.602

127.349

89.858

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

F.O.B. Value of Exports

211.604

210.093

149.351

 

TOTAL EARNINGS

211.604

210.093

149.351

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

18.729

14.555

19.620

 

 

Capital Goods

0.000

0.000

1.051

 

TOTAL IMPORTS

18.729

14.555

20.671

 

 

 

 

 

 

Earnings Per Share (Rs.)

100.35

89.04

38.90

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

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 DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

No.76, Old Tharagupet, Bangalore – 560 053, Karnataka, India

Tel. No.:

91-80-41379508/ 2861488

Fax No.:

91-80-22354057/ 2867734

E-Mail :

lakeindia@vsnl.net

accounts@lakeindia.in

Website :

www.lakeindiaapi.com

 

 

Corporate Office :

5th Floor, Laxmi Narayan Complex, #10/1, Palace Road, Bangalore – 560 052, Karnataka, India

Tel. No.:

91-80-41379500 Extn - 513 and 521

Fax No.:

91-80-22354057/ 58

E-Mail :

lakeindia@vsnl.net

 

 

Factory :

21-M, Attibele Industrial Area, Anekal Taluk, Bangalore – 562 107, Karnataka, 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.