MIRA INFORM REPORT
|
Report Date : |
10.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
BHARAT BIOTECH INTERNATIONAL LIMITED |
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Registered
Office : |
Genome Valley, Turkapally, Shamirpet Mandal, Hyderabad, Telangana |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.02.1996 |
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Com. Reg. No.: |
36-023232 |
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Capital Investment
/ Paid-up Capital : |
Rs.150.746 Million |
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CIN No.: [Company Identification
No.] |
U24230TG1996PLC023232 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDB00771B |
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PAN No.: [Permanent Account No.] |
AABCB3822B |
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Legal Form : |
A Closely held public limited liability company. |
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Line of Business
: |
Manufacturer of Vaccines |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 5900000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
comfortable capital structure and favorable operating margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
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Rating |
CC = A- |
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Rating Explanation |
Adequate degree of safety and low credit risk |
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Date |
November, 2013 |
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Rating Agency Name |
ICRA |
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Rating |
LC = A1 |
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Rating Explanation |
Very strong degree of safety and lowest credit risk |
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Date |
November, 2013 |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Ms. Kameshwari |
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Designation : |
Marketing Department |
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Contact No.: |
91-40-23480567 |
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Date : |
03.11.2014 |
LOCATIONS
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Registered Office : |
Genome Valley, Turkapally, Shamirpet Mandal, Hyderabad, Telangana,
India |
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Tel. No.: |
091-40-23480567 |
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Fax No.: |
091-994-8080567 |
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E-Mail : |
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Website : |
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Area : |
20 acres |
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Location : |
Owned |
DIRECTORS
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Name : |
Dr. Krishna Murthy Ella |
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Designation : |
Chairman cum Managing Director |
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Address : |
1292A, Road No. 65, Jubilee Hills, Hyderabad - 500033 |
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Date of Birth/Age : |
10.07.1955 |
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Date of Appointment : |
01.11.1996 |
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DIN No.: |
00072071 |
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Other
Directorship :
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Name : |
Mrs. Suchitra Ella |
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Designation : |
Joint Managing Director |
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Address : |
1292A, Road No. 65, Jubilee Hills, Hyderabad – 500033, India |
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Date of Birth/Age : |
15.07.1963 |
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Date of Appointment : |
25.10.1996 |
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DIN No.: |
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Other
Directorship :
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Name : |
Dr. P.R. Rajagopalan |
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Designation : |
Director |
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Address : |
25 Charing Road, Charleston, SC, 294073402, United States of America |
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Date of Birth/Age : |
12.10.1940 |
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Date of Appointment : |
30.09.1998 |
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DIN No.: |
03272757 |
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Name : |
Mr. Subrahmanya Bharathi Krishnan |
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Designation : |
Director |
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Address : |
Flot No. JGI, Navartna, 286 Anna Street, Omr Kottivakkam, Chennai –
600041, Tamil Nadu |
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Date of Birth/Age : |
10.12.1940 |
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Date of Appointment : |
29.09.2004 |
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DIN No.: |
00017343 |
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Other
Directorship :
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Name : |
Dr. Krishna Mohan Vadrevu |
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Designation : |
Whole-time Director |
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Address : |
304 A Block, Gayatri Grandeur, Plot 18/19 Vikrampuri, Secunderabad –
500099, Andhra Pradesh, India |
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Date of Birth/Age : |
17.02.1951 |
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Date of Appointment : |
28.12.2011 |
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DIN No.: |
05222871 |
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KEY EXECUTIVES
|
Name : |
Mr. Subhash Kishan Kandrapu |
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Designation : |
Company Secretary |
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Address : |
Flat No. 203, 2nd Floor, Nara Paradise, Dinakar Nagar,
Neredmet, Hyderabad – 500056, India |
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Date of Birth/Age : |
10.02.1985 |
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Date of Appointment : |
27.05.2013 |
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PAN No. : |
APRPK8726K |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Equity Shareholders
(Physical Holding) |
No. of Shares |
|
Suchitra Ella |
716200 |
|
V. Sunder |
100 |
|
T. Srinivas |
100 |
|
Mahalakshmi |
100 |
|
T. Janaki |
100 |
|
Swarnalath Inderjith |
52575 |
|
S. Balasunder |
405092 |
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Muralidhar Reddy |
54075 |
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Dhavalur Inderjith |
54014 |
|
P.R. Rajagopalan |
354539 |
|
Bio-tech Consortia Inc. – Bahamas |
3312547 |
|
Venkat Ganupuru |
89700 |
|
N.P. Nageswara Rao |
3500 |
|
Nageswari |
3500 |
|
Bhamini |
3500 |
|
B R Jayalakshmi |
3500 |
|
G. Amrutha |
2330 |
|
D K Manjula |
3500 |
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Ramanjaneya |
3500 |
|
International Finance Corporation – USA |
500 |
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Kalavathi |
36000 |
|
Richard P Novick |
4500 |
|
N. Sarojini Devi |
90000 |
|
Total |
5193472 |
|
Names of Equity Shareholders (Demat Holding) |
No. of Shares |
|
Krishna M Ella |
4399782 |
|
Mindtree Trading Company Private Limited – India |
907778 |
|
IL and FS Trust Company Limited |
870000 |
|
Sudhasarda Vadlamudi |
175000 |
|
R. Balakrishnan Raji |
13448 |
|
India Advantage Fund – I (IDBI Trusteeship Services Limited) |
500 |
|
Total |
6366508 |
|
Names of
Preference Shareholders (Physical Holding) |
No.
of Shares |
|
India Advantage Fund – I (IDBI Trusteeship Services Limited) |
1562004 |
|
International Finance Corporation |
1757317 |
|
Krishna M Ella |
195313 |
|
Total |
3514634 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
37.75 |
|
Bodies corporate |
15.38 |
|
Directors or relatives of Directors |
44.26 |
|
Other top fifty shareholders |
2.60 |
|
Venture Capital |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Vaccines |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
B S R R and Company Chartered Accountants |
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Address : |
Reliance Humsafar IV Floor, Road No 11 Banjara Hills,
Hyderabad- 500034, Andhra Pradesh, India |
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PAN No.: |
AAKFB1884H |
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Subsidiaries : |
U85110AP2002NPL039925
U01122KA1997PTC021815 |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/-each |
Rs.120.000 Million |
|
|
|
|
|
|
4000000 |
Preference Shares |
Rs.10/-each |
Rs.40.000 Million |
|
|
|
|
|
|
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Total |
|
Rs.160.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11559980 |
Equity Shares |
Rs.10/-each |
Rs.115.599
Million |
|
|
|
|
|
|
3514634 |
Preference Shares |
Rs.10/-each |
Rs.35.146
Million |
|
|
|
|
|
|
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Total |
|
Rs.150.745 Million |
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 |
|
|
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|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
150.746 |
150.746 |
150.746 |
|
(b) Reserves &
Surplus |
1922.365 |
1730.513 |
1450.757 |
|
(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) |
2073.111 |
1881.259 |
1601.503 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
440.323 |
641.778 |
682.041 |
|
(b) Deferred tax
liabilities (Net) |
143.466 |
137.806 |
112.418 |
|
(c) Other long term
liabilities |
20.820 |
17.738 |
14.802 |
|
(d) long-term provisions |
2.241 |
5.978 |
5.496 |
|
Total Non-current
Liabilities (3) |
606.850 |
803.300 |
814.757 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
712.167 |
654.010 |
270.259 |
|
(b) Trade payables |
92.303 |
728.725 |
890.750 |
|
(c) Other current
liabilities |
413.362 |
391.880 |
223.768 |
|
(d) Short-term provisions |
3.616 |
41.041 |
6.895 |
|
Total Current Liabilities
(4) |
1221.448 |
1815.656 |
1391.672 |
|
|
|
|
|
|
TOTAL |
3901.409 |
4500.215 |
3807.932 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1351.226 |
1382.612 |
748.315 |
|
(ii) Intangible Assets |
26.807 |
71.835 |
115.518 |
|
(iii) Capital
work-in-progress |
148.984 |
52.196 |
518.227 |
|
(iv) Intangible assets
under development |
460.515 |
404.317 |
313.165 |
|
(b) Non-current
Investments |
0.473 |
0.473 |
0.473 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
164.934 |
98.225 |
92.303 |
|
(e) Other Non-current
assets |
7.753 |
2.553 |
2.553 |
|
Total Non-Current Assets |
2160.692 |
2012.211 |
1790.554 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
80.000 |
0.000 |
0.000 |
|
(b) Inventories |
1330.966 |
1409.113 |
952.883 |
|
(c) Trade receivables |
138.802 |
639.081 |
482.254 |
|
(d) Cash and cash
equivalents |
141.885 |
388.329 |
440.425 |
|
(e) Short-term loans and
advances |
45.914 |
48.322 |
140.020 |
|
(f) Other current assets |
3.150 |
3.159 |
1.796 |
|
Total Current Assets |
1740.717 |
2488.004 |
2017.378 |
|
|
|
|
|
|
TOTAL |
3901.409 |
4500.215 |
3807.932 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
2962.069 |
2778.003 |
2249.834 |
|
|
Other Income |
29.188 |
25.481 |
28.755 |
|
|
TOTAL (A) |
2991.257 |
2803.484 |
2278.589 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1326.226 |
1838.866 |
1121.293 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
281.808 |
(371.620) |
53.456 |
|
|
Employees benefits
expense |
168.077 |
150.807 |
105.394 |
|
|
Other expenses |
560.558 |
595.187 |
445.232 |
|
|
TOTAL (B) |
2336.669 |
2213.240 |
1725.375 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
654.588 |
590.244 |
553.214 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
126.500 |
88.361 |
40.175 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
528.088 |
501.883 |
513.039 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
252.978 |
158.761 |
147.285 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
275.110 |
343.122 |
365.754 |
|
|
|
|
|
|
|
Less |
TAX (I) |
82.850 |
62.958 |
120.197 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
192.260 |
280.164 |
245.557 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
|
|
|
|
Freight |
|
|
|
|
|
Insurance |
|
|
|
|
|
TOTAL EARNINGS |
170.879 |
292.821 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
16.63 |
24.24 |
21.24 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
6.43 |
9.99 |
10.78 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
22.09
|
21.24 |
24.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.36 |
8.49 |
12.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.18 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.56 |
0.69 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.37 |
1.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
150.746 |
150.746 |
150.746 |
|
Reserves & Surplus |
1450.757 |
1730.513 |
1922.365 |
|
Net worth |
1601.503 |
1881.259 |
2073.111 |
|
|
|
|
|
|
long-term borrowings |
682.041 |
641.778 |
440.323 |
|
Short term borrowings |
270.259 |
654.010 |
712.167 |
|
Total borrowings |
952.300 |
1295.788 |
1152.490 |
|
Debt/Equity ratio |
0.595 |
0.689 |
0.556 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2249.834 |
2778.003 |
2962.069 |
|
|
|
23.476 |
6.626 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2249.834 |
2778.003 |
2962.069 |
|
Profit |
245.557 |
280.164 |
192.260 |
|
|
10.91% |
10.09% |
6.49% |
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 |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
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 |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10515093 |
23/07/2014 |
250,000,000.00 |
HDFC BANK LIMITED |
Emerging Corporate Group, 1- 10 - 60/3, 4th floor, Suryodaya, Begumpet, Hyderabad, Telangana - 500016, INDIA |
C16520488 |
|
2 |
10416183 |
28/03/2013 |
250,000,000.00 |
Citibank N.A |
1st Floor, Queens Plaza, Sardar Patel Road, Hyderabad, Andhra Pradesh -500003, INDIA |
B71924831 |
|
3 |
10231369 |
16/06/2011 * |
500,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
Floor 21, Center One Building, World Trade Centre, Cuffee Parade, Mumbai, Maharashtra - 400005, INDIA |
B17360785 |
|
4 |
10198537 |
26/12/2009 |
39,339,000.00 |
DEPARTMENT OF BIOTECHNOLOGY GOVERNMENT OF INDIA |
BLOCK 2, CGO COMPLEX, LODHI ROAD, NEW DELHI, Delhi - 110003, INDIA |
A77778579 |
|
5 |
10058499 |
15/06/2007 |
109,000,000.00 |
TECHNOLOGY DEVELOPMENT BOARD |
WING A ( GROUND
FLOOR), VISHWAKARMA BHAVAN, SHAHE |
A18259887 |
|
6 |
90124049 |
19/06/2014 * |
2,110,000,000.00 |
State Bank of India |
Overseas Branch 2nd
&3rd Floor, Rajala Centre Plot No. 241/A,Jubilee Hills, Hyderabad,
Telangana - |
C08824344 |
|
7 |
90121193 |
07/04/1998 |
5,000,000.00 |
CENTRE FOR TACHNOLOGY DEVELOPMENT |
CSIC COMPLEX 2SC CANOYS, POST BOX NO 1209, BANGLORE, Karnataka, INDIA |
- |
LITIGATION DETAILS :
|
CASE DETAILS |
|
CMA 311/2010
CMASR 6055 / 2009 CASE IS :
PENDING |
|
LTD., Petn. Adv : RAMESH BABU VISHWANATH AND
Resp.ADV.: SRINIVAS DAMMALAPATI NASARAIAH
GOLLA
|
|
FILING DATE
:20.02.2009
POSTING STAGE : INTERLOCUTORY Status: NOTICES
LISTING DATE : 13.04.2010
REG. DATE :
17.04.2010
Last Coram: HON'BLE
SHRI JUSTICE K.C.BHANU |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Term loan |
132.790 |
148.715 |
|
Deferred payment liabilities |
66.930 |
66.704 |
|
Total |
199.720 |
215.419 |
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 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 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] Records 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.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
54 |
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.