MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

GELTEC PRIVATE LIMITED (w.e.f. 21.11.2006)

 

 

Formerly Known As :

BANNER PHARMACAPS (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMB05739G

 

 

PAN No.:

[Permanent Account No.]

AAACB1782H

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

200 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Soft Gelatin Capsules

 

 

Exports :

 

Products :

Soft Gelatin Capsules

Countries :

Dubai

 

 

Terms :

 

Selling :

Cash and Depend

 

 

Purchasing :

Cash and Depend

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers, Retailers and End Users

 

 

No. of Employees :

200 (Approximately)

 

 

Bankers :

·         DBS Bank Limited, 3rd Floor, Fort House, 221, Dr. D.N Road, Fort, Mumbai - 400001, Maharashtra, India

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

·         HSBC Bank  Limited, Fort Branch, Mumbai, Maharashtra, India

 

 

Facilities :

Rs.130.000 Millions (From HSBC Bank  Limited)

 

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Short Term Borrowings

 

 

Working Capital Loans from Banks

(Working Capital Loan in the previous year consists of Cash Credit and Packing Credit which are secured by charge on Inventories and Trade Receivables.)

0.000

16.739

Other loans and Advances

0.000

32.120

 

 

 

Total

0.000

48.859

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Kalyaniwala and Mistry

Chartered Accountant

Address :

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

PAN No.:

AAAFK7554R

 

 

Enterprises over which Key Managerial Personnel have significant influence :

·         Universal Medicare Private Limited

·         Capsulation Services Private Limited

·         Geltec Pharmacare Private Limited

·         Geltec Pharmacare FZCO

·         Dubai Geltec Pte. Limited

·         Geltec Pharmacare Pte Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2013

 

Names of Shareholders

 

 

No. of Shares

Vikram Tanna Joint Vivek Tannan

 

7421170

Vivek Tannan Joint Vikram Tannan

 

1150000

Preetika Tannan Joint Vikram Tannan

 

330000

Jaya Tannan

 

30000

Geltec Pte Limited, Singapore

 

1319445

Universal Medicare Private Limited, India

 

1900000

D Thanga Dural

 

3000

Sangita Suresh Hegde

 

10000

Satish K Mehra

 

10000

Suresh K Khanna

 

6000

E S Natarajan

 

2000

 

 

 

Total

 

12181615

 


 

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

121.816

121.816

124.221

(b) Reserves & Surplus

626.043

482.622

377.544

(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)

747.859

604.438

501.765

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

15.878

(b) Deferred tax liabilities (Net)

16.672

13.480

21.788

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

18.505

18.558

19.842

Total Non-current Liabilities (3)

35.177

32.038

57.508

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

48.859

19.381

(b) Trade payables

81.363

94.322

74.578

(c) Other current liabilities

26.178

29.026

31.360

(d) Short-term provisions

5.887

4.819

2.944

Total Current Liabilities (4)

113.428

177.026

128.263

 

 

 

 

TOTAL

896.464

813.502

687.536

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

237.745

203.594

215.251

(ii) Intangible Assets

0.302

0.541

0.769

(iii) Capital work-in-progress

0.000

32.142

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.502

0.502

0.632

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

19.818

13.710

4.869

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

258.367

250.489

221.521

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

316.831

215.098

165.023

(b) Inventories

132.471

138.857

97.655

(c) Trade receivables

129.708

168.675

159.344

(d) Cash and cash equivalents

29.708

5.185

11.685

(e) Short-term loans and advances

27.348

27.519

24.835

(f) Other current assets

2.031

7.679

7.473

Total Current Assets

638.097

563.013

466.015

 

 

 

 

TOTAL

896.464

813.502

687.536

 

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

1021.771

822.408

780.391

 

 

Other Income

34.870

25.948

31.680

 

 

TOTAL                                         (A)

1056.641

848.356

812.071

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                         (B)

827.741

669.932

651.526

 

 

 

 

 

Less

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

228.900

178.424

160.545

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

0.102

0.359

1.201

 

 

 

 

 

 

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

228.798

178.065

159.344

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

25.113

22.066

20.397

 

 

 

 

 

 

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

203.685

155.999

138.947

 

 

 

 

 

Less

TAX                                                                  (H)

59.692

42.691

53.258

 

 

 

 

 

 

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

143.993

113.308

85.689

 

 

 

 

 

 

Earnings Per Share (Rs.)

11.82

9.20

6.90

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

1100.000

 

 

 

 

 

Expected Sales (2014-2015) : Rs.1300.000 Millions

 

The above information has been parted by Mr. Mr. Sandeep Ruparel

 

OPERATIONS:

 

The Income from operations stood at Rs.1021.771 Millions (Previous Year Rs.822.408 Millions) after providing for Taxes, the Net Profit stood at Rs.143.993 Millions (previous year Rs.113.308 Millions). While there has been a marginal improvement in the performance of subject during the year, there has been a contraction in the market and the present trends indicate that in the current year there could some stress on the performance of subject, which could result in reduction in income of subject.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (62)

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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 / Head Office:

1st Floor, Capsulation Premises, Sion – Trombay Road, Mumbai - 400088, Maharashtra, India

Tel. No.:

91-22-66478484 / 66478484

Fax No.:

91-22-25564038 / 25581780

E-Mail :

subaug04new@gmail.com

mail@geltec.in

yogesh@geltech.in

BDIndia@geltec.in

BDInternational@geltec.in

Website :

http://www.geltec.in

Location :

Owned

 

 

Factory :

Sr. No. 24,26/3, 27/2, Yadavnahalli, Attible, Bangalore-Hosur Road, Bangalore-562107, Karnataka, India

Tel. No.:

91-8110-653816 / 653916

Fax No.:

91-80-7820537

 

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.