MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

GENETIX BIOTECH ASIA PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELG05481A

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

140 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

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 :

C – 88, Lower Ground Floor, Kirti Nagar, New Delhi – 110 015, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

info@genetixbiotech.com

rajiv_gawri@rediffmail.com

genetix@genetixbiotech.com

Website :

http://www.genetixbiotech.com

Location :

Owned

 

 

Corporate Office :

71/1, Shivaji Marg, New Delhi – 110015, India

Tel. No.:

91-11-45027000/ 41427031

Fax No.:

91-11-25419631

Location :

Owned

 

 

BUSINESS DETAILS

 

Line of Business :

Retailers and Suppliers of Pharmaceuticals, Health Care, Herbal, Diagnostic Products, Animal Care Products, Finished Pharmaceutical Products, Perfume, Herb, Skincare, Medical Devices, Bio Pharmaceuticals, etc.

 

 

Products :

Molecular Biology

 

Bio Separation and Filteration

 

Diagnostics

 

Instrumentation

 

Chemicals and Reagents

 

Plasticwares

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Customers :

End Users

 

 

No. of Employees :

140 (Approximately)

 

 

Bankers :

·         Bank of India

Kirti Nagar, New Delhi – 110 015, India

 

·         Standard Chartered Bank

 

·         HDFC Bank Limited

New Delhi, India

 

 

Facilities :

Secured Loans

31.03.2013

31.03.2012

 

 

(Rs. In Millions)

Long Term Borrowings

 

 

Vehicles Loan from Banks

0.329

0.942

 

 

 

Short Term Borrowings

 

 

Working Capital Loans from Banks

 

 

HDFC Bank Limited – Cash Credit

196.359

0.000

Bank of India Cash Credit

0.000

165.999

Bank of India Overdraft

23.253

19.079

HDFC Bank Limited – Buyers Credit

10.069

0.000

 

 

 

Total

 

230.010

186.020

 

 

Unsecured Loans

31.03.2013

31.03.2012

 

 

(Rs. In Millions)

Short Term Borrowings

 

 

From Related Parties

0.647

0.647

From Others

1.600

0.000

 

 

 

Total

 

2.247

0.647

 

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Rajiv K. Gawri and Company

Chartered Accountants

Address :

207, IInd Floor,  Lisa Tower, Azadpur Complex, Delhi – 110033, India

Tel. No.:

91-11-27676081/ 27673409

PAN No.:

AAHPG4747M

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(AS ON 30.09.2013)

 

Names of Shareholders

 

 

No. of Shares

 

 

 

Arun Prakash

 

857811

Raminder Prakash

 

87940

Kailash Prakash

 

22500

Dr. Anand

 

10

Geeta Sharma

 

10

Raman Chandhok

 

10

Sulochna Sabharwal

 

10

Sunil Chandok

 

10

Uma Walia

 

10

 

 

 

Total

 

 

968311

 

 

 

 

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

9.683

9.683

9.683

(b) Reserves & Surplus

271.557

245.309

220.950

(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)

281.240

254.992

230.633

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.329

0.942

0.451

(b) Deferred tax liabilities (Net)

0.000

0.000

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)

0.329

0.942

0.451

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

231.928

185.725

135.586

(b) Trade payables

221.346

165.556

149.590

(c) Other current liabilities

24.490

18.440

23.204

(d) Short-term provisions

13.280

12.322

25.030

Total Current Liabilities (4)

491.044

382.043

333.410

 

 

 

 

TOTAL

772.613

637.977

564.494

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

18.472

19.435

19.067

(ii) Intangible Assets

2.163

3.391

5.164

(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

25.418

27.239

27.634

(e) Other Non-current assets

17.685

14.676

17.756

Total Non-Current Assets

63.738

64.741

69.621

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

6.250

6.950

30.899

(b) Inventories

327.330

230.345

152.309

(c) Trade receivables

239.781

181.753

209.961

(d) Cash and cash equivalents

71.332

40.489

54.677

(e) Short-term loans and advances

57.305

110.523

45.127

(f) Other current assets

6.877

3.176

1.900

Total Current Assets

708.875

573.236

494.873

 

 

 

 

TOTAL

772.613

637.977

564.494

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

975.419

737.225

835.305

 

 

Other Income

10.693

11.265

28.601

 

 

TOTAL                                     (A)

986.112

748.490

863.906

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of Stock in Trade

826.191

590.001

615.556

 

 

Changes in Inventory of Stock in Trade

(96.986)

(78.035)

(0.695)

 

 

Employee Benefits Expenses

62.480

71.333

62.717

 

 

Other Expenses

120.260

98.391

77.056

 

 

TOTAL                                     (B)

911.945

681.690

754.634

 

 

 

 

 

Less

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

74.167

66.800

109.272

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

29.183

23.648

18.404

 

 

 

 

 

 

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

44.984

43.152

90.868

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

1.228

6.475

7.905

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

43.756

36.677

82.963

 

 

 

 

 

Less

TAX                                                                  (H)

17.509

12.318

25.024

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

26.247

24.359

57.939

 

 

 

 

 

 

Earnings Per Share (Rs.)

27.11

25.16

59.83

 

 

OPERATING RESULTS

 

During the year the company earned a profit after taxes of Rs.26.247 Millions.

 

 

 

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