MIRA
INFORM REPORT
IDENTIFICATION DETAILS
|
Name : |
NOSCH LABS PRIVATE LIMITED |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDN00704E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN2833Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
No. of Employees
: |
Manufacturer and Exporter of Bulk Drugs and Intermediates. |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Bulk Drugs and Intermediates. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
300 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
P S Chartered Accountants |
|
Address : |
Flat No. 205, Second Floor, B-Block, |
|
Tel. No.: |
91-40-23320558/23393381 |
|
Fax No.: |
91-40-23393381 |
|
E-Mail : |
|
|
PAN No.: |
AACFP1611J |
|
|
|
|
Associate : |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Bhimireddy Satyanara |
|
261000 |
|
Tummuru Rajasekhrreddy |
|
99750 |
|
Dodda Veera Venkata Satypanrayana Reddy |
|
131250 |
|
Bhimireddy Vijayalakshmi |
|
45000 |
|
Bhimireddy Goutham Reddy |
|
15000 |
|
Bhimireddy Vivek Reddy |
|
15000 |
|
Tummuru Sridevi |
|
30000 |
|
Tummuru Radhadevi |
|
33750 |
|
Tummuru Vekatarami |
|
30000 |
|
Tummuru Avinash Reddy |
|
15000 |
|
Doda Madhavi |
|
33750 |
|
Doda Vijaya Spandana |
|
29500 |
|
Appala Ramprasad |
|
8000 |
|
Mandapati Satyanarayan A Reddy |
|
16000 |
|
Doda Vijaya Samhita |
|
19250 |
|
Gali Pradeep Chowdhury |
|
1500 |
|
Cheennareddy Sasidhar |
|
750 |
|
Tummuru Hamsathi |
|
15500 |
|
|
|
533333 |
|
TOTAL |
|
1333333 |
As on 16.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
40.00 |
|
Directors or relatives of Directors |
60.00 |
|
Total |
100.00 |
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 |
13.333 |
13.333 |
13.333 |
|
(b) Reserves & Surplus |
1057.155 |
901.147 |
784.302 |
|
(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) |
1070.488 |
914.480 |
797.635 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
62.054 |
52.957 |
35.642 |
|
(c) Other long term
liabilities |
3.681 |
3.490 |
0.000 |
|
(d) long-term
provisions |
3.641 |
3.183 |
2.801 |
|
Total Non-current
Liabilities (3) |
69.376 |
59.630 |
38.443 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
26.635 |
43.476 |
70.562 |
|
(b) Trade
payables |
159.371 |
127.379 |
217.598 |
|
(c) Other
current liabilities |
43.197 |
41.288 |
0.000 |
|
(d) Short-term
provisions |
196.275 |
111.046 |
118.180 |
|
Total Current
Liabilities (4) |
425.478 |
323.189 |
406.340 |
|
|
|
|
|
|
TOTAL |
1565.342 |
1297.299 |
1242.418 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
569.457 |
569.288 |
410.400 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
25.919 |
2.913 |
114.264 |
|
(iv)
Intangible assets under development |
1.083 |
0.859 |
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 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
6.842 |
11.029 |
5.165 |
|
Total Non-Current
Assets |
603.301 |
584.089 |
529.829 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
411.816 |
267.502 |
261.394 |
|
(c) Trade
receivables |
288.720 |
317.889 |
306.563 |
|
(d) Cash
and cash equivalents |
123.487 |
42.602 |
39.144 |
|
(e)
Short-term loans and advances |
10.485 |
3.775 |
8.789 |
|
(f) Other
current assets |
127.533 |
81.442 |
96.699 |
|
Total
Current Assets |
962.041 |
713.210 |
712.589 |
|
|
|
|
|
|
TOTAL |
1565.342 |
1297.299 |
1242.418 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1189.112 |
1200.238 |
|
|
|
Other Income |
|
29.826 |
35.715 |
|
|
|
TOTAL (A) |
1551.482 |
1218.938 |
1235.953 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
632.266 |
730.100 |
|
|
|
Purchase of Stock-in-Trade |
|
30.818 |
19.243 |
|
|
|
Manufacturing Expenses |
|
121.973 |
112.848 |
|
|
|
Employee Benefits Expenses |
|
50.431 |
38.276 |
|
|
|
Administrative Expenses |
|
29.093 |
21.383 |
|
|
|
Selling and Distribution Expenses |
1150.744 |
49.628 |
60.255 |
|
|
|
Remuneration to Directors |
|
18.984 |
18.330 |
|
|
|
Increase/(Decrease) in Finished Goods |
|
4.447 |
(75.275) |
|
|
|
Exceptional Items - Excess / (Short) provision for taxes |
|
0.000 |
0.068 |
|
|
|
TOTAL (B) |
1150.744 |
937.640 |
925.228 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
400.738 |
281.298 |
310.725 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.741 |
9.528 |
14.375 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
392.997 |
271.770 |
296.350 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
31.618 |
26.564 |
15.498 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
361.379 |
245.206 |
280.852 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
81.400 |
66.374 |
67.676 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
279.979 |
178.831 |
213.176 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
655.475 |
573.629 |
447.644 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed dividend |
106.667 |
53.333 |
53.333 |
|
|
|
Dividend Tax |
17.304 |
8.652 |
8.858 |
|
|
|
Transfer to General Reserve |
30.000 |
25.000 |
25.000 |
|
|
BALANCE CARRIED
TO THE B/S |
791.483 |
665.475 |
573.629 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
1294.476 |
910.964 |
985.395 |
|
|
|
Other Earnings |
2.211 |
0.847 |
0.737 |
|
|
TOTAL EARNINGS |
1296.687 |
911.811 |
986.132 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
178.038 |
85.818 |
122.754 |
|
|
|
Stores & Spares |
0.162 |
1.150 |
10.087 |
|
|
|
Capital Goods |
3.638 |
7.444 |
5.858 |
|
|
TOTAL IMPORTS |
181.838 |
94.412 |
138.699 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
209.98 |
134.12 |
159.88 |
|
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The Registered office of the company has been shifted from
Flat No. 201 and 202, Bhanu Enclave, Sunder Nagar, Erragadda, Hyderabad-38,
REVIEW OF THE
BUSINESS
During the year, The Company has achieved a Net Sales and Other Income of Rs. 1551.482 Millions as against Rs. 1218.938 Millions in the previous year and earned a net profit of Rs. 279.979 Millions (Previous Year Rs.178.831 Millions) after providing Income Tax and Deferred Tax of Rs. 81.401 Millions (Previous Year Rs. 66.376 Millions).
The Directors are confident of achieving better results in the years to come. The Board of Directors are of the opinion that the present and future market scenario of the Pharma Sector is extremely good and proposes to expand in manufacturing and marketing facilities of the company.
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 : |
Flat No. 404 to 406, IVth Floor, “Vijay Sai Towers”,
Opposite BJP Office, Kukatpally, Hyderabad – 500 072, Andhra Pradesh |
|
Tel. No.: |
91-40-23154400/ 01/02/03 (5 lines) |
|
Fax No.: |
91-40-23154405 / 2315 4406 |
|
E-Mail : |
dodda@noschlabs.net |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Flat No. 201 and 202, Bhanu Enclave, 7-1-638 to 643/1, Sunder Nagar,
Erragadda, |
|
Tel. No.: |
91- 40-23818065 / 23704075 / 23818059 / 23818068/ 23701740 |
|
Fax No.: |
91-40-23818059 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
5-5-35/33/3, Prashanthi Nagar,
IDA, Kukatpally, |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
Survey No.14, IDA Gadda Potharam Village, Kazipally Jinnaram, Medak
District - 500319, Andhra Pradesh, India |
|
Location : |
Owned |
|
|
|
|
Factory 3: |
D. Nagaram Village, Choutuppal Mandal, Nalgonda District – 508252, Andhra Pradesh, India |
|
|
|
|
Factory 4: |
Veliminedu Village, Chityal Mandal, Nalgonda District -
508114 Andhra Pradesh, India |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.