MIRA
INFORM REPORT
|
Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALKEM LABORATORIES LIMITED [w.e.f.21.08.2001] |
|
|
|
|
Formerly Known
As : |
ALKEM LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Alkem House, Devashish, Senapati Bapat Marg, Lower Parel, Mumbai –
400013, |
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|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.08.1973 |
|
|
|
|
Com. Reg. No.: |
11-174201 [New] 03-001031 [Old] |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.119.565
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U00305MH1973PLC174201 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTNA00241D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA9521E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Active Pharmaceutical Ingredients, Generic, Branded,
Nutraceuticals Products and also in Investing and Real Estate Business. |
|
|
|
|
No. of Employees
: |
8500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
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 |
|
Maximum Credit Limit : |
USD 94000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Exist |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects Alkem’s established position in the formulations
market in India supported by adequate liquidity position and decent
profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. 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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = AA |
|
Rating Explanation |
High degree at safety and very low credit risk |
|
Date |
17.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
17.06.2014 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Vinayak Kini |
|
Designation : |
Account Executive |
|
Contact No.: |
91-22-39829999 |
|
Date : |
12.09.2014 |
LOCATIONS
|
Registered/ Head Office : |
Alkem House, Devashish, Senapati Bapat Marg, Lower Parel, Mumbai –
400013, Maharashtra, India |
|
Tel. No.: |
91-22-39829999 |
|
Fax No.: |
91-22-24862789 |
|
Email: |
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|
Website : |
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|
Location : |
Owned |
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|
|
|
Factory 1 : |
C 6/1, MIDC Industrial
Estate, Taloja, District Raigad, |
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Factory 2 : |
N. H. No. 8, Village
Naugama, Jhagadia, District – Bharuch, |
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Factory 3: |
333/1, Kachigam, |
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Factory 4: |
167/2, Amaliya, Dabhel,
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Factory 5: |
289/290, GIDC,
Ankleshwar , District – Bharuch, |
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Factory 6: |
167/1, Amaliya, Dabhel, Daman, India |
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Factory 7: |
Village Thane – Baddi, Th- Nalagarh, District – Solan, Himachal Pradesh, India |
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Factory : |
Also Located At: · Sikkim ·
Daman |
DIRECTORS
As on 25.05.2012
|
Name : |
Mr. Dhananjay Kumar Singh |
|
Designation : |
Whole-time director |
|
Address : |
Flat No 16, 16th Floor, Vasudha Apartment, Worli, Mumbai –
400025, Maharashtra, India |
|
Date of Birth/Age : |
29.07.1962 |
|
Qualification : |
B.A |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00739153 |
|
|
|
|
Name : |
Mr. Prabhat Narain Singh |
|
Designation : |
Whole-time director |
|
Address : |
103, Shriram Place, East Boring, Canal Road, Patna – 800001, Bihar,
India |
|
Date of Birth/Age : |
13.10.1952 |
|
Qualification : |
B.A |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00739296 |
|
|
|
|
Name : |
Balmiki Prasad Singh |
|
Designation : |
Whole-time director |
|
Address : |
1st Floor, Room No. 101, Westmore II, Pochkhanwala Road,
Worli, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
26.12.1954 |
|
Qualification : |
B.com |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00739856 |
|
|
|
|
Name : |
Mr. Nawal Kishore Singh |
|
Designation : |
Whole-time director |
|
Address : |
Budha Colony, Boring Canal Road, Patna – 800001, Bihar, India |
|
Date of Birth/Age : |
09.03.1951 |
|
Qualification : |
B.com |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00758505 |
|
|
|
|
Name : |
Samprada Singh |
|
Designation : |
Whole-time director |
|
Address : |
Budha Colony, Boring Canal Road, Patna – 800001, Bihar, India |
|
Date of Birth/Age : |
02.05.1930 |
|
Qualification : |
B.com |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00760279 |
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|
|
|
Name : |
Mr. Basudeo Narayan Singh |
|
Designation : |
Managing director |
|
Address : |
Budha Colony, Boring Canal Road, Patna – 800001, Bihar, India |
|
Date of Birth/Age : |
20.11.1940 |
|
Qualification : |
M.A |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00760310 |
|
|
|
|
Name : |
Mr. Mritunjaykumar Singh |
|
Designation : |
Whole-time director |
|
Address : |
3-31, Suraiya Apartment, Sir Pochkhanwala Road, Worli, Mumbai –
400025, Maharashtra, India |
|
Date of Birth/Age : |
04.11.1963 |
|
Qualification : |
B.Sc, DAM |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00881412 |
|
|
|
|
Name : |
Mr. Mangaldas Chhaganlal Shah |
|
Designation : |
Director |
|
Address : |
D-34/310, MIG Gandhi Nagar, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Date of Birth/Age : |
04.07.1933 |
|
Qualification : |
B.com |
|
Date of Appointment : |
26.09.2007 |
|
DIN No.: |
01353574 |
|
|
|
|
Name : |
Ennapadam Narayanan Shankar |
|
Designation : |
Director |
|
Address : |
26A Venus, Worli Sea Face, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
15.01.1935 |
|
Qualification : |
B.com |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
02118438 |
KEY EXECUTIVES
|
Name : |
Mr. Vinayak Kini |
|
Designation : |
Account Executive |
|
|
|
|
Name : |
Mr. Manish Abnashi Lal Narang |
|
Designation : |
Secretary |
|
Address : |
B-603, 6th Floor, Mercury Building, Suncity Apartments,
Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
31.08.1970 |
|
Date of Appointment : |
16.12.2006 |
|
PAN No.: |
AAHPN6263D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.05.2012
SHAREHOLDING DETAILS FILE ATTACHED
As on 25.05.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
78.20 |
|
Other |
21.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Active Pharmaceutical Ingredients, Generic, Branded,
Nutraceuticals Products and also in Investing and Real Estate business. |
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Products : |
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Export : |
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Country : |
·
USA ·
Australia ·
Nigeria |
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Terms : |
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Selling : |
Cash / Credit (30 Days) |
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Purchasing : |
Cash / Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
8500 (Approximately) |
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Bankers : |
·
Barclays Bank Plc, One Reffles Quay, Level 28, South Tower,
Singapore - 048583, Singapore ·
State Bank of India, Industrial Finance
Branch, Shivsagar Estate, Worli-(S), Mumbai - 400018, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
|
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Banking
Relations : |
--- |
|
|
|
|
Financial Institutions : |
· Member Secretary Single Window Clearance Agency Department Of Industries, Baddi, Tehsil - Nalagarh, Solan - 173205, Himachal Pradesh, India · BNP Paribas, 20, Collyer Quay, #01-01, Tung Centre, Singapore - 049319, Singapore |
|
|
|
|
Auditors : |
|
|
Name : |
R.S. Sanghai and Associates Chartered Accountants |
|
Address : |
A/403, Raj Kaman
Heights, Raj Kamal Marg, Dr S S Rao Marg, Lower Parel, Mumbai – 400012,
Maharashtra, India |
|
PAN No.: |
AAHPS2141R |
|
|
|
|
Subsidiaries,
Fellow Subsidiaries and Others |
· Alkem Laboratories (NIG) Limited · Alkem Laboratories (PTY) Limited · Alkem Pharma GmbH · Alkem Laboratories Corporation · S and B Holdings B.V. · Pharmacor Pty Limited · Angelic Holdings SA · The Pharmanetwork, LLC · Ascends Laboratories SDN BHD · Ascends Laboratories SpA · Enzene Biosciences Limited · Alkem Laboratories Korea Inc · Pharmacor Limited · S and B Pharma Inc. · The Pharma Network, LLP · Ascend Laboatories, LLC · TPN Italia, SRS · TPN China, Inc. ·
Medical Speciality Consulting, LLC |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11956500 |
Equity Shares |
Rs. 10/- each |
Rs.119.565
Millions |
|
|
|
|
|
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 |
119.565 |
119.565 |
119.565 |
|
(b) Reserves & Surplus |
23619.090 |
18935.714 |
14958.825 |
|
(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) |
23738.655 |
19055.279 |
15078.390 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
922.845 |
1271.875 |
668.925 |
|
(b) Deferred tax liabilities (Net) |
498.968 |
364.093 |
308.924 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
314.114 |
342.639 |
338.197 |
|
Total Non-current Liabilities (3) |
1735.927 |
1978.607 |
1316.046 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
11032.827 |
6763.501 |
6648.228 |
|
(b) Trade payables |
2575.405 |
2624.136 |
1667.226 |
|
(c) Other current
liabilities |
1161.968 |
967.163 |
779.324 |
|
(d) Short-term provisions |
237.263 |
435.288 |
404.039 |
|
Total Current Liabilities (4) |
15007.463 |
10790.088 |
9498.817 |
|
|
|
|
|
|
TOTAL |
40482.045 |
31823.974 |
25893.253 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7552.942 |
5781.828 |
4631.921 |
|
(ii) Intangible Assets |
42.533 |
15.213 |
22.236 |
|
(iii) Capital
work-in-progress |
725.375 |
852.119 |
188.981 |
|
(iv)
Intangible assets under development |
139.507 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1034.098 |
499.864 |
109.738 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4050.467 |
2899.594 |
1430.621 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
13544.922 |
10048.618 |
6383.497 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4759.785 |
3221.998 |
422.566 |
|
(b) Inventories |
4428.546 |
2971.322 |
2279.187 |
|
(c) Trade receivables |
3018.027 |
2575.567 |
1627.324 |
|
(d) Cash and cash
equivalents |
12569.163 |
11308.371 |
14236.337 |
|
(e) Short-term loans and
advances |
1278.310 |
857.367 |
446.392 |
|
(f) Other current assets |
883.292 |
840.731 |
497.950 |
|
Total Current Assets |
26937.123 |
21775.356 |
19509.756 |
|
|
|
|
|
|
TOTAL |
40482.045 |
31823.974 |
25893.253 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23278.951 |
19533.962 |
16524.458 |
|
|
|
Other Income |
1692.357 |
1348.382 |
1098.161 |
|
|
|
TOTAL (A) |
24971.308 |
20882.344 |
17622.619 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
6483.429 |
5863.247 |
5419.744 |
|
|
|
Purchases of stock-in-trade |
3753.121 |
2587.925 |
1939.931 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(1233.260) |
(587.020) |
(235.566) |
|
|
|
Employee benefit expense |
3684.115 |
2758.388 |
2516.587 |
|
|
|
Other expenses |
6032.498 |
4901.848 |
3785.487 |
|
|
|
TOTAL (B) |
18719.903 |
15524.388 |
13426.183 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6251.405 |
5357.956 |
4196.436 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
792.155 |
534.731 |
373.879 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5459.250 |
4823.225 |
3822.557 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
360.152 |
279.402 |
270.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5099.098 |
4543.823 |
3552.096 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
137.799 |
289.011 |
317.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4961.299 |
4254.812 |
3234.250 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4430.477 |
2453.588 |
928.475 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2500.000 |
2000.000 |
1500.000 |
|
|
|
Interim Dividend |
239.130 |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
0.000 |
239.130 |
0.000 |
|
|
|
Final Dividend |
0.000 |
0.000 |
179.348 |
|
|
|
Tax on Dividend |
38.793 |
38.793 |
29.789 |
|
|
BALANCE CARRIED
TO THE B/S |
6613.853 |
4430.477 |
2453.588 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods (at F.O.B.) |
2253.825 |
1702.541 |
1519.351 |
|
|
|
Freight |
10.148 |
32.281 |
15.783 |
|
|
|
Insurance |
0.056 |
0.148 |
0.003 |
|
|
|
Local Sales |
0.000 |
0.444 |
0.277 |
|
|
|
Manufacturing Charges |
0.000 |
15.110 |
0.000 |
|
|
|
Technology Income |
270.125 |
0.000 |
0.000 |
|
|
|
Deemed Exports |
0.000 |
0.000 |
5.484 |
|
|
TOTAL EARNINGS |
2534.154 |
1750.524 |
1540.898 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
606.721 |
425.537 |
367.490 |
|
|
|
Stores & Spares |
89.819 |
115.034 |
23.724 |
|
|
|
Capital Goods |
260.803 |
276.777 |
104.464 |
|
|
TOTAL IMPORTS |
957.343 |
817.348 |
495.678 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
415.00 |
356.00 |
271.00 |
|
Expected Sales (2013-14) : Rs.29500.000 Millions
The above information has been parted by Mr. Vinayak Kini.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
19.87
|
20.38 |
18.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
21.90
|
23.26 |
21.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.22
|
14.91 |
13.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.24 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.50
|
0.42 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
2.02 |
2.05 |
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 |
119.565 |
119.565 |
119.565 |
|
Reserves & Surplus |
14958.825 |
18935.714 |
23619.090 |
|
Net
worth |
15078.390 |
19055.279 |
23738.655 |
|
|
|
|
|
|
long-term borrowings |
668.925 |
1271.875 |
922.845 |
|
Short term borrowings |
6648.228 |
6763.501 |
11032.827 |
|
Total
borrowings |
7317.153 |
8035.376 |
11955.672 |
|
Debt/Equity
ratio |
0.485 |
0.422 |
0.504 |
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 |
16524.458 |
19533.962 |
23278.951 |
|
|
|
18.212 |
19.172 |
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 |
16524.458 |
19533.962 |
23278.951 |
|
Profit |
3234.25 |
4254.812 |
4961.299 |
|
|
19.57% |
21.78% |
21.31% |
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 |
No |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
|
LITIGATION DETAILS |
||||
|
Bench:- Bombay |
||||
|
Presentation Date: 01/08/2014 |
||||
|
Lodging No. : |
ARBAPL/1203/2014 |
Failing Date:- |
01/08/2014 |
|
|
|
||||
|
Petitioner:- |
ISSAR PHARMACEUTICALS PRIVATE LIMITED |
Respondent:- |
ALKEM LABORATORIES LIMITED |
|
|
Petn.Adv:- |
DEVEN DWARKADAS AND PARTNERS |
Resp. Adv.: |
W S KANE AND COMPANY |
|
|
District:- |
OUTSIDE MAHARASHTRA |
|||
|
|
||||
|
Bench:- |
Single |
Category:- |
ARBITRATION APPLICATIONS |
|
|
Status:- |
Pre-Admission |
|
|
|
|
|
|
|||
|
Act. : |
Arbitration and Conciliation Act 1996 |
|
||
OPERATIONS:
The Company’s sales (Gross) has increased to Rs. 23352.873 Millions as against Rs. 19735.260 Millions for the previous year resulting in an increase of 18.33% over the previous year.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
|
|
|
|
Deposits |
94.160 |
47.867 |
|
Loans and advances from directors |
224.500 |
153.580 |
|
Loans and advances from others |
236.408 |
208.248 |
|
Total |
555.068 |
409.695 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10269240 |
28/01/2011 |
678,000,000.00 |
BNP PARIBAS |
20, COLLYER QUAY, #01-01, TUNG CENTRE, SINGAPORE,- 049319, SINGAPORE |
B06199202 |
|
2 |
10232472 |
08/07/2010 |
1,640,000,000.00 |
BARCLAYS BANK PLC |
ONE REFFLES QUAY,, LEVEL 28, SOUTH TOWER, SINGAPORE, - 048583, SINGAPORE |
A90782939 |
|
3 |
10072610 |
12/09/2007 |
3,000,000.00 |
MEMBER SECRETARY SINGLE WINDOW CLEARANCE AGENCY |
DEPARTMENT OF INDUSTRIES, BADDI, TEHSIL - NALAGARH, SOLAN, HIMACHAL PRADESH - 173205, INDIA |
A25615204 |
|
4 |
90264437 |
08/07/2010 * |
1,750,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, SHIVSAGAR ESTATE,WORLI -(S), MUMBAI, MAHARASHTRA - 400018, INDIA |
A88704135 |
|
5 |
80002922 |
03/08/1999 |
360,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, SHIVSAGAR ESTATE, WORLI (S), MUMBAI, MAHARASHTRA - 400018, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
Ř Land
Ř Building
Ř Office building
Ř Factory building
Ř Building
Ř Plant and
machinery
Ř Office equipments
Ř Factory equipments
Ř Computer
equipments
Ř Other equipments
Ř Furniture and
fixtures
Ř Vehicles
Ř Motor vehicles
Ř Livestock
Intangible Assets
Ř Computer software
Ř Knowhow
Ř Patents trademarks
design
Ř Commercial
contractual rights
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 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.60.84 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
68 |
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.