MIRA INFORM REPORT
|
Report Date : |
21.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GRAF LABORATORIES PRIVATE LIMITED
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Registered
Office : |
Plot No.6 and 7, Near Industrial Area, Village Bain, Attarian PO Kadroi
(Near Pathankot) Tehsil Indora – 176402, Himachal Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2014 (Provisional) |
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Date of
Incorporation : |
16.06.1995 |
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Com. Reg. No.: |
06-000537 |
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Capital
Investment / Paid-up Capital : |
Rs.14.000 Millions |
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|
CIN No.: [Company Identification
No.] |
U24230HP1995PTC000537 |
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TIN No.: |
02060600642 |
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PAN No.: [Permanent Account No.] |
AABCG6524F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Marketing of Pharmaceuticals Products. |
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No. of Employees
: |
150 (Approximately) |
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 |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track. Financial position of the company is decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. Note: Site visit was conducted on the given address at Plot No.6 and 7, Near
industrial Area, Village Bain, Attarian Po Kadroi (Near Pathankot) Tehsil Indora
– 176402, Himchal Pradesh and RS No.166/P, Village Gangad, Mauje Gangad,
Taluka Bavla, Ahmedabad – 382240, Gujarat, India, our executive failed to
trace the Company due to construction works going on in the Building.
Secondly the address at 81 to 84, 8th Sarovar Complex, 8th
Floor, Near Jain Temple, Behind Samudra Nx, C.G. Road, Ahmedabad - 380009,
Gujarat, India belong to Subject’s Corporate Office. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive impact
of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs.7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Sarfaraz Mansuri |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9227212822 |
|
Date : |
19.06.2014 |
LOCATIONS
|
Registered Office/ Factory 1: |
Plot No.6 and 7, Near Industrial Area, Village Bain, Attarian PO
Kadroi (Near Pathankot) Tehsil Indora – 176402, Himachal Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9227212822 (Mr. Sarfaraz Mansuri) |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Leased |
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|
|
|
Corporate Office : |
81 to 84, 8th Sarovar Complex, 8th Floor,
Near Jain Temple, Behind Samudra Annexe C. G Road,
Ahmedabad - 380009, Gujarat, India |
|
Tel. No.: |
91-79-66070707/ 26404871
26404868/ 66070718/ 26404868 |
|
Fax No.: |
91-79-66000718/ 26404871 |
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Area : |
3746.09 sq. ft. |
|
Location : |
Owned |
|
|
|
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Factory 2 : |
Survey No. 166/P, Village Gangad, Mauje Gangad, Taluka Bavla,
Ahmedabad – 382240, Gujarat, India |
|
Area : |
42593.15 sq. yard |
|
Location : |
Rented |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Dhananjay Vasantbhai Parikh |
|
Designation : |
Director |
|
Address : |
8, Shrimali Society, Navarabgpura, Ahmedabad – 380009, Gujarat,
India |
|
Date of Birth/Age : |
24.06.1964 |
|
Qualification : |
B. Com |
|
Experience : |
23 years |
|
Date of Appointment : |
15.01.2001 |
|
DIN No.: |
01907419 |
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|
|
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Name : |
Mr. Vasantrai Jagmohandas Parikh |
|
Designation : |
Director |
|
Address : |
8, Shrimali Society, Navarabgpura, Ahmedabad – 380009, Gujarat,
India |
|
Date of Birth/Age : |
18.02.1940 |
|
Qualification : |
Bachelor of Science and Diploma in Pharmacy |
|
Experience : |
50 years |
|
Date of Appointment : |
22.03.2002 |
|
DIN No.: |
01115246 |
|
|
|
|
Name : |
Mr. Shivender Agrawal |
|
Designation : |
Director |
|
Address : |
B-21, Revera Hight, Prahladnagar, Near Shaligram 2, Anandnagar Road,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
06.06.1962 |
|
Experience : |
20 years |
KEY EXECUTIVES
|
Name : |
Mr. Sarfaraz Mansuri |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.03.2013)
|
Name of
Shareholders |
|
No of
Shares |
|
Dhananjq Vasantrai Parikh |
|
1319850 |
|
Vasantrai Jagmohandas Parikh |
|
15010 |
|
Shinali Dhananjay Parikh |
|
120 |
|
Alpa Dhananjay
Parikh |
|
10010 |
|
Vasantrai
Jagmohandas Parikh (HUF) |
|
55010 |
|
|
|
|
|
Total |
|
1400000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Marketing of Pharmaceuticals Products. |
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Products : |
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Terms : |
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Selling : |
Credit (60-120 days) |
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Purchasing : |
Credit (60-90 days) |
GENERAL INFORMATION
|
Suppliers : |
· Daksh Enterprise (91-8140849735) · Shreeji Pharmaceuticals (91-9375928885) · Win Medilife (91-8690025534) |
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Customers : |
Wholesalers, Consignee Agents and Distributors · Evita Pharmaceuticals (91-9374943734) · Angel Healthcare (91-9825397108) · Ayush Biotech (91-9725660849) |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
The Cosmos
Co-Operative Bank Limited "Cosmos Bank
House", Opposite Income Tax Office, Ashram Road, Ahmedabad - 380009,
Gujarat, India ·
State Bank of Patiala Vasupujya
Chambers, Near. Income Tax, Ashram Road, Ahmedbad - 380014, Gujarat, India |
|
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Facilities : |
Credit Limit – Rs.520.000 Millions from The Cosmos Co-operative Bank
Limited |
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Banking
Relations : |
-- |
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Financial Institutions : |
· Capital First Limited 15th Floor, Tower -2, India Bulls Finance Centre, Senapati
Bapat Marg, Elphinstone,, Mumbai –
400013, Maharashtra, India |
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|
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Auditors : |
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|
Name : |
Kirit and Company (Ankleshwaria Kirit Jyantilal) Chartered Accountants |
|
Address : |
4 Nina Society, Near Shreyas Crossing, Ambawadi, Ahmedabad
– 380015, Gujarat, India |
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Mobile No.: |
91-9824113335 |
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PAN No.: |
AMMPV2998N |
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Email : |
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Associates/Subsidiaries : |
·
Valence
Healthcare Address: Plot No.8 and 9, New Industrial area, Village Bain Attarian,
P. O. Kandrori, Kangra, Himachal Pradesh, India Line of Business: Manufacturing of Pharmaceuticals Products. ·
Zeneca
Drugs Address: 81 to 84, 8th Floor, Sarovar Complex, Near Samudra Annexe, C. G. Road, Ahmedabad, Gujarat, India Line of Business: Trading of Pharmaceuticals Products. |
CAPITAL STRUCTURE
(AS ON 26.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1400000 |
Equity Shares |
Rs.10/- each |
Rs.14.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.000 |
14.000 |
11.000 |
|
(b) Reserves & Surplus |
249.686 |
129.433 |
33.940 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
175.000 |
25.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
438.686 |
168.433 |
44.940 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
122.833 |
174.579 |
38.689 |
|
(b) Deferred tax liabilities (Net) |
0.040 |
0.040 |
0.000 |
|
(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) |
122.873 |
174.619 |
38.689 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
528.264 |
220.012 |
98.649 |
|
(b) Trade
payables |
328.918 |
500.692 |
80.680 |
|
(c) Other
current liabilities |
3.957 |
15.432 |
5.789 |
|
(d) Short-term
provisions |
91.334 |
39.349 |
5.676 |
|
Total Current
Liabilities (4) |
952.473 |
775.485 |
190.794 |
|
|
|
|
|
|
TOTAL |
1514.032 |
1,118.537 |
274.423 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
184.648 |
31.385 |
25.205 |
|
(ii)
Intangible Assets |
0.149 |
0.141 |
0.000 |
|
(iii)
Capital work-in-progress |
97.034 |
29.054 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.001 |
|
(d) Long-term Loan and Advances |
0.881 |
2.758 |
0.000 |
|
(e) Other
Non-current assets |
15.946 |
10.455 |
0.000 |
|
Total Non-Current
Assets |
298.758 |
73.893 |
25.306 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
3.775 |
|
(b)
Inventories |
445.233 |
319.325 |
80.246 |
|
(c) Trade
receivables |
727.120 |
673.144 |
155.536 |
|
(d) Cash
and cash equivalents |
1.330 |
15.450 |
0.943 |
|
(e)
Short-term loans and advances |
41.591 |
36.725 |
8.617 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1215.274 |
1,044.644 |
249.117 |
|
|
|
|
|
|
TOTAL |
1514.032 |
1,118.537 |
274.423 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2231.036 |
1652.215 |
507.915 |
|
|
|
Other Income |
1.371 |
2.477 |
1.169 |
|
|
|
TOTAL (A) |
2232.407 |
1654.692 |
509.084 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
0.000 |
0.000 |
0.000 |
|
|
|
Purchases of Stock in Trade |
1944.984 |
1621.248 |
406.365 |
|
|
|
Changes in Inventories of Finished Goods, Work in Process and Stock in
Trade |
(125.908) |
(239.079) |
(15.504) |
|
|
|
Employee Benefit Expenses |
97.405 |
31.639 |
24.034 |
|
|
|
Other Expenses |
88.968 |
89.185 |
61.835 |
|
|
|
TOTAL (B) |
2005.449 |
1502.993 |
476.730 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
226.958 |
151.699 |
32.354 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
52.930 |
27.882 |
14.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
174.028 |
123.817 |
17.829 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
2.988 |
1.572 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
174.028 |
120.829 |
16.257 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
53.774 |
37.336 |
4.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
120.254 |
83.493 |
12.257 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
85.90 |
59.64 |
11.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
5.39 |
5.05 |
2.41 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.80 |
7.31 |
3.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.28 |
11.09 |
5.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40 |
0.72 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.48 |
2.34 |
3.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.35 |
1.31 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
11.000 |
14.000 |
14.000 |
|
Reserves & Surplus |
33.940 |
129.433 |
249.686 |
|
Share Application money
pending allotment |
0.000 |
25.000 |
175.000 |
|
Net worth |
44.940 |
168.433 |
438.686 |
|
|
|
|
|
|
long-term borrowings |
38.689 |
174.579 |
122.833 |
|
Short term borrowings |
98.649 |
220.012 |
528.264 |
|
Total borrowings |
137.338 |
394.591 |
651.097 |
|
Debt/Equity ratio |
3.056 |
2.343 |
1.484 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
507.915 |
1,652.215 |
2,231.036 |
|
|
|
225.294 |
35.033 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
507.915 |
1,652.215 |
2,231.036 |
|
Profit |
12.257 |
83.493 |
120.254 |
|
|
2.41% |
5.05% |
5.39% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
Yes |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
OBERVATION
POINT
|
Company Name : |
GRAF LABORATORIES PRIVATE LIMITED
|
|
Address : |
Plot No 6 and 7, Near Industrial Area, Village Bain, Attarian Po Kadroi (Near Pathankar) Tehsil Indora – 176402, Himachal Pradesh, India On gate found locked (In side Building is under construction) TIN No.: 02060600642 PAN No.: AAFFV2793N Address in TIN: Plot No. 8 and 9, Near Industrial Area, Village Bain, At Tariom PO, Kudroi (Near Pathankar), Tehsil Indora, Himachal Pradesh, India |
|
|
|
|
Name Board : |
Not Sighted |
|
Location : |
Easy |
|
Locality : |
Factory |
|
Approx. market value of premises : |
250 Sq. Mt. |
|
Area : |
Upmarket |
|
Visibility of Items : |
Tel Computer |
|
|
|
|
Sister Concern (Other Name on Name Board) |
Valence Health
Care Plot No.8 and 9, Near
Industrial Area, Village Bain, At Tariom PO, Kudaroi (Near Pathankar), Tehsil
Indora, Himachal Pradesh, India Status: Running TIN: 02060600122 PAN No.:
AAFFV2793N |
|
Visiting Card Provided as proof of visit |
No |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(RS. IN MILLIONS)
|
Name of Account |
M/S Graf
Laboratories Private Limited M/s Valence
Healthcare |
|
Name of the
Person |
Mrs. Pannnaben
Vasantbhai Parikh |
ASSETS
IMMOVABLE PROPERTY
|
Complete Address
|
Description of
Property |
Standing in Name
of |
Market Value |
Net Share in
property |
Extent of charge
it any |
|
|
|
|
|
|
|
|
8, Shrimal Soc, Near Mkthakhali Six Road, Ahmedabad |
Residential Bungalow |
Joint Owner |
Rs.37.500 Millions |
50% 187.5 |
50% The Cosmos Co-operative Bank Ashram Road |
|
|
|
|
|
|
|
|
Total |
Rs.18.750
Millions |
||||
|
TOTAL ASSETS |
RS.18.750
MILLIONS |
LIABILITIES
|
TOTAL
LIABILITIES |
NIL |
|
TOTAL ASSETS –
TOTAL LIABILITIES = |
RS.18.750
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(RS. IN MILLIONS)
|
Name of Account |
M/S Graf
Laboratories Private Limited M/s Valence
Healthcare M/s Zeneca Drugs
|
|
Name of the
Person |
Mr. Vasantbhai
Jagmohandas Parikh |
ASSETS
IMMOVABLE PROPERTY
|
Complete Address
|
Description of
Property |
Standing in Name
of |
Market Value |
Net Share in
property |
Extent of charge
it any |
|
|
|
|
|
|
|
|
8, Shrimal Soc, Near Mithakhali Six Road, Ahmedabad |
Residential Bungalow |
Mr. Vasantbhai J. Parikh and Mrs. Pannaben V. Parikh |
Rs.37.500 Millions |
50% 187.5 |
50% The Cosmos Co-operative Bank Ashram Road |
|
|
|
|
|
|
|
|
Total |
Rs.18.750
Millions |
||||
|
Description |
Amount |
|
Capital 1]Valence Heath Care 2] Graf Laboratories |
40.831 0.911 |
|
|
|
|
Jewellery |
0.288 |
|
Cash |
0.720 |
|
FDR and NSC Bond |
0.000 |
|
Shares |
0.100 |
|
Advance and Deposits |
2.050 |
|
Car |
0.770 |
|
Total |
45.670 |
|
TOTAL ASSETS |
RS.64.420
MILLIONS |
LIABILITIES
|
Description |
Amount |
|
|
|
|
Car Loan |
Rs.0.481 Million |
|
|
|
|
Total |
Rs.0.481 Million
|
|
TOTAL
LIABILITIES |
RS.0.481 MILLION
|
|
TOTAL ASSETS –
TOTAL LIABILITIES = |
RS.63.939
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(RS. IN MILLIONS)
|
Name of Account |
M/S Graf
Laboratories Private Limited M/s Valence
Healthcare M/s Zeneca Drugs
|
|
Name of the
Person |
Mr.
Dhananjaybhai Vasantbhai Parikh |
ASSETS
IMMOVABLE PROPERTY
|
Complete Address
|
Description of
Property |
Standing in Name
of |
Market Value |
Net Share in
property |
Extent of charge
it any |
|
|
|
|
|
|
|
|
53, Kalhar Bunglow, Shilaj Gam, Nandoli, Gandhinagar, Gujarat, India |
Bungalow |
Mr. Dhananjaybhai V. Parikh |
Rs.26.000 Millions |
100% |
The Cosmos Co-operative Bank Ashram Road, Ahmedabad |
|
Sarovar Building, Near Jain Temple, c. G. Road, Ahmedabad, Gujarat,
India |
Office |
Mr. Dhananjaybhai V. Parikh |
Rs.30.000 Millions |
100% |
The Cosmos Co-operative Bank Ashram Road, Ahmedabad |
|
605, Wall Street 1, Opposite Orient Club, Ellisbridge Ahmedabad,
Gujarat, India |
Office |
Mr. Dhananjaybhai V. Parikh |
Rs.3.400 Millions |
100% |
The Cosmos Co-operative Bank Ashram Road, Ahmedabad |
|
|
|
|
|
|
|
|
Total |
Rs.59.400
Millions |
||||
|
Description |
Amount |
|
Capital 1]Valence Heath Care 2] Zeneca Drugs 2] Graf Laboratories |
152.046 21.514 86.799 |
|
|
|
|
Jewellery |
1.893 |
|
Cash |
0.762 |
|
FDR and NSC Bond |
0.203 |
|
Shares |
1.666 |
|
Advance and Deposits |
3.297 |
|
Car |
9.432 |
|
Total |
Rs.277.612
MILLIONS |
|
TOTAL ASSETS |
RS.337.012
MILLIONS |
LIABILITIES
|
Description |
Amount |
|
Loan for Housing Loan |
Rs.2.542 Millions |
|
Car Loan |
Rs.1.538 Millions |
|
|
|
|
Total |
Rs.4.080 Million
|
|
TOTAL
LIABILITIES |
RS.4.080
MILLIONS |
|
TOTAL ASSETS –
TOTAL LIABILITIES = |
RS.332.932
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
GENERAL
|
Purpose for which the valuation is made |
For CBI, MID corporate Branch, Ahmedabad |
||||||||||||
|
|
|
||||||||||||
|
Date if Inspection |
24.03.2014 |
||||||||||||
|
|
|
||||||||||||
|
Date on which products for Perusal |
26.03.2014 |
||||||||||||
|
|
|
||||||||||||
|
Name of the company |
Mr. Dhananjay V. Parikh |
||||||||||||
|
|
|
||||||||||||
|
Brief Description of the property |
The subject property is office located at well-developed
Commercial + Residential Area |
||||||||||||
|
|
|
||||||||||||
|
Location of Property |
Office No.605, Wall Street-1, Akal
Association, Opposite Orient Club, Near Gujarat College Ellisbridge
Ahmedabad |
||||||||||||
|
|
|
||||||||||||
|
Plot No./Survey No. |
R. S. No.119 |
||||||||||||
|
Door No |
605 |
||||||||||||
|
TPS No./FP No. |
T.P.S. No.3 of Mouje Chhadawad F. P. No.579 |
||||||||||||
|
Ward / Taluka |
-- |
||||||||||||
|
Mandal District |
Ahmedabad |
||||||||||||
|
|
|
||||||||||||
|
Postal Address of the Property |
Office No.605, Wall Street-1, Akal Associates,
Opposite Orient Club, Near Gujarat Collage, Ellisbridge, Ahmedabad |
||||||||||||
|
|
|
||||||||||||
|
City/Town
- Residential Area Commercial Area Industrial Area |
Ahmedabad city Residential + Commercial Area |
||||||||||||
|
|
|
||||||||||||
|
Classification of the Area High/ Middle/ Poor Urban/ Semi Urban/ Rural |
Middle Class Urban |
||||||||||||
|
|
|
||||||||||||
|
Coming Under Corp Limit Village/ Panchayat/
Municipality |
As per Local Authority |
||||||||||||
|
|
|
||||||||||||
|
Dimensions of the Site |
North: Central Passage and Wali Street –II South: Passage Office No.604 East: Office No.606 West: Margin and Annexe Building |
||||||||||||
|
|
|
||||||||||||
|
Extent of the Office |
755.00 sq. ft. 70.17 sq. mt. |
||||||||||||
|
|
|
||||||||||||
|
Extent of the Office Considerate for
Valuation |
755.00 sq. ft. |
||||||||||||
|
|
|
||||||||||||
|
Whether occupied by the owner/ Tenant? If
occupied by tenant since how long rent received per month |
Owner Occupied officer at the time of visit |
||||||||||||
|
|
|
||||||||||||
|
CHARACTERISTICS
OF THE SITE |
|||||||||||||
|
Classification of Locality |
Middle class |
||||||||||||
|
|
|
||||||||||||
|
Development of surrounding areas |
Residential + Commercial Area |
||||||||||||
|
|
|
||||||||||||
|
Feasibility to the civic amenities like
School, Hospital Bus Stop, Market etc.
|
Within 2 to 3 kms |
||||||||||||
|
|
|
||||||||||||
|
Level of land topographical conditions |
Level Land |
||||||||||||
|
|
|
||||||||||||
|
Type of use to which can be put |
Commercial Use |
||||||||||||
|
|
|
||||||||||||
|
Any usage restriction |
As per local Authority |
||||||||||||
|
|
|
||||||||||||
|
Is plant in town planning approved layout? |
At the time of visit the approved building plan
was not produced technical verification was not possible. |
||||||||||||
|
|
|
||||||||||||
|
Road Facilities |
Available |
||||||||||||
|
|
|
||||||||||||
|
Type if Road available at present |
Well Paved Road |
||||||||||||
|
|
|
||||||||||||
|
Underground Sewerage Systems |
Available |
||||||||||||
|
|
|
||||||||||||
|
Power Supply is available in the site |
Available |
||||||||||||
|
|
|
||||||||||||
|
VALUATION OF
LAND – NA |
|||||||||||||
|
|
|||||||||||||
|
VALUATION OF
BUILDING TECHNICAL
DETAILS OF THE BUILDING |
|||||||||||||
|
Type of Building (Residential/ Commercial/
Industrial) |
The subject property is office located at well-developed
commercial+ Residential Area |
||||||||||||
|
|
|
||||||||||||
|
Type of Construction (LB/RCC/Steel Framed) |
Frame structure |
||||||||||||
|
|
|
||||||||||||
|
Year of Construction |
1994 (As informed) Age of Property: 20 years Residual Life: 40 years (subject to periodic maintenance) |
||||||||||||
|
|
|
||||||||||||
|
No of floors and height of each floor |
G+10 |
||||||||||||
|
Plinth area floor wise |
-- |
||||||||||||
|
Condition of the Building |
Good |
||||||||||||
|
Exterior- Excellent, Good, Normal, Poor |
Good |
||||||||||||
|
Interior- Excellent, Good, Normal, Poor |
Good |
||||||||||||
|
|
|
||||||||||||
|
SPECIFICATIONS OF CONSTRUCTION IN RESPECT OF: |
|||||||||||||
|
Foundation |
RCC Footing Foundation |
||||||||||||
|
Basement |
NA |
||||||||||||
|
Superstructure |
Frame Structure |
||||||||||||
|
Joinery/ door and windows |
Wooden Doors and Alu. Section Windows |
||||||||||||
|
RCC Works |
Available |
||||||||||||
|
Plastering |
Cement Plaster with Good quality Paint |
||||||||||||
|
Flooring, Skirting, Dadoing |
Vitrified Tile Flooring |
||||||||||||
|
Special finish as marble, granite, wooden
paneling, Grills etc. |
NA |
||||||||||||
|
Roofing Including weather proof course |
RCC Slab |
||||||||||||
|
Drainage |
Available |
||||||||||||
|
Electrical Installation Type of Wiring |
Concealed Wiring |
||||||||||||
|
Plumbing Installation |
Yes |
||||||||||||
|
|
|
||||||||||||
|
Details of Valuation It is established fact that the Govt/ Jantri
rates does not reflect actual market value as compared to prevailing market
rate property. To arrive at fair and reasonable market value of property,
verbal inquiry made on the date of visit from prominent estate brokers and
local persons in vicinity of the subject pro. No reliable written sales
instance and evidence was available at the limit of visit consideration above
facts collect from verbal inquiry to out option rate of prop can be
considered as Rs.4500 to 5500 per sq. ft. to the best of their experience and
knowledge
|
|||||||||||||
|
|
|
||||||||||||
|
EXTRA ITEMS : NA AMENITIES: NA MISCELLANEOUS:
NA SERVICES: NA |
|||||||||||||
|
TOTAL ABSTRACT OF THE ENTIRE
PROPERTY |
|||||||||||||
|
Present Market Value of Property |
Rs.3.775 Millions |
||||||||||||
|
Realizable Value of Property |
Rs.3.586 Millions |
||||||||||||
|
The Distress Sale Value of Property |
Rs.3.020 Millions |
||||||||||||
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
GENERAL
|
Purpose for which the valuation is made |
For CBI, MID Corporate Branch, Ahmedabad |
||||||||||||||||
|
|
|
||||||||||||||||
|
Date if Inspection |
24.03.2014 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Date on which products for Perusal |
26.03.2014 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name of the company |
Mr. Vasantrai J. Parikh and Pannaben V.
Parikh |
||||||||||||||||
|
|
|
||||||||||||||||
|
Brief Description of the property |
The property is Residential Bungalow located
at developed residential area. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Location of Property |
Bungalow No.8, Shreemail Society, Near
Mithakhali Six Road, Navrangpura, Ahmedabad |
||||||||||||||||
|
|
|
||||||||||||||||
|
Plot No./Survey No. |
S. P. No.8, C. S. No.279B |
||||||||||||||||
|
Door No |
F.P. No.287 |
||||||||||||||||
|
TPS No./FP No. |
TPS No.3 of Mouje Shekhpur – Khanpur |
||||||||||||||||
|
Ward / Taluka |
-- |
||||||||||||||||
|
Mandal District |
Ahmedabad |
||||||||||||||||
|
|
|
||||||||||||||||
|
Postal Address of the Property |
Bungalow No.8, Shreemail Society, Near
Mithakhali Six Road, Navrangpura, Ahmedabad |
||||||||||||||||
|
|
|
||||||||||||||||
|
City/Town
- Residential Area Commercial Area Industrial Area |
Ahmedabad Bungalow located at residential Area - - |
||||||||||||||||
|
|
|
||||||||||||||||
|
Classification of the Area High/ Middle/ Poor Urban/ Semi Urban/ Rural |
Middle Class Urban |
||||||||||||||||
|
|
|
||||||||||||||||
|
Coming Under Corp Limit Village/ Panchayat/
Municipality |
As per Local Authority |
||||||||||||||||
|
|
|
||||||||||||||||
|
Boundaries of the property |
North: S.P.No.10, HDFC Bank South: 20’ T.P.S. Road East: S.P. No.7, Vinayak Apartments West: S.P. No.9 Private Bungalow |
||||||||||||||||
|
|
|
||||||||||||||||
|
Extent of the Office |
830.00 sq. yd 694.00 sq. mt. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Extent of the Office Considerate for
Valuation |
830.00 sq. yd 694.00 sq. mt. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Whether occupied by the owner/ Tenant? If
occupied by tenant since how long rent received per month |
Owner Occupied |
||||||||||||||||
|
|
|
||||||||||||||||
|
Value of Land = Area of Land x Rate of Land = 830.00 x 75000.00 per sq. yd. = Rs.62.250 Millions
|
|||||||||||||||||
|
TOTAL ABSRACT OF THE ENTIRE
PROPERTY |
|||||||||||||||||
|
Value of Land |
Rs.62.250 Millions |
||||||||||||||||
|
Value of Structure |
Rs.6.240 Millions |
||||||||||||||||
|
Total |
Rs.68.490
Millions |
||||||||||||||||
|
|
|||||||||||||||||
|
TOTAL ABSTRACT
OF THE ENTIRE PROPERTY |
|||||||||||||||||
|
Present Market Value of Property |
Rs.68.490 Millions |
||||||||||||||||
|
Realizable Value of Property |
Rs.61.641 Millions |
||||||||||||||||
|
The Distress Sale Value of Property |
Rs.54.792 Millions |
||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
NOTE:
The registered office of the company has been shifted from 8th Sarovar Complex, 8th Floor, Near Jain Temple, Behind Samudra Nx, C. G Road, Ahmedabad - 380009, Gujarat, India to the present address w.e.f. 02.09.2013
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10466177 |
04/12/2013 |
60,000,000.00 |
CAPITAL FIRST LIMITED |
15th Floor, Tower -2, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone,, Mumbai, Maharashtra - 400013, India |
B91962928 |
|
2 |
10440879 |
27/07/2013 |
60,000,000.00 |
The Cosmos Co. Operative Bank Limited |
"Cosmos Bank House", Opp. Income Tax Office,, Ashram Road,, Ahmedabad, Gujarat - 380009, India |
B81041055 |
|
3 |
10438155 |
19/07/2013 |
10,000,000.00 |
The Cosmos Co. Operative Bank Limited |
"Cosmos Bank House", Opp. Income Tax Office,, Ashram Road,, Ahmedabad, Gujarat - 380009, India |
B80171044 |
|
4 |
10424657 |
02/05/2013 |
50,000,000.00 |
The Cosmos Co. Operative Bank Limited |
"Cosmos Bank House", Opp. Income Tax Office,, Ashram Road,, Ahmedabad, Gujarat - 380009, India |
B74739939 |
|
5 |
10424660 |
02/05/2013 |
50,000,000.00 |
The Cosmos Co. Operative Bank Limited |
"Cosmos Bank House", Opp. Income Tax Office,, Ashram Road,, Ahmedabad, Gujarat - 380009, India |
B74740259 |
|
6 |
10351820 |
12/04/2012 |
15,000,000.00 |
The Cosmos Co. Operative Bank Limited |
"Cosmos Bank House", Opp. Income Tax Office,, Ashram Road,, Ahmedabad, Gujarat - 380009, India |
B38252599 |
|
7 |
10352061 |
12/04/2012 |
15,000,000.00 |
The Cosmos Co. Operative Bank Limited |
"Cosmos Bank House", Opp. Income Tax Office,, Ashram Road,, Ahmedabad, Gujarat - 380009, India |
B38331591 |
|
8 |
10267958 |
26/02/2013 * |
359,858,000.00 |
The Cosmos Co. Operative Bank Limited |
"Cosmos Bank House", Opp. Income Tax Office,, Ashram Road,, Ahmedabad, Gujarat - 380009, India |
B69714517 |
|
9 |
10267955 |
21/02/2013 * |
359,858,000.00 |
The Cosmos Co. Operative Bank Limited |
"Cosmos Bank House", Opp. Income Tax Office,, Ashram Road,, Ahmedabad, Gujarat - 380009, India |
B69713295 |
|
10 |
10244045 |
26/10/2013 * |
652,600,000.00 |
The Cosmos Co. Operative Bank Limited |
"Cosmos Bank House", Opp. Income Tax Office,, Ashram Road,, Ahmedabad, Gujarat - 380009, India |
B89049704 |
*Date of modification Charges
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
|
1 |
Rs.99.35 |
|
Euro |
1 |
Rs.80.62 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.