MIRA
INFORM REPORT
|
Report Date : |
24.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CALYX CHEMICALS AND PHARMACEUTICALS LIMITED |
|
|
|
|
Formerly Known
As : |
CALYX CHEMICALS AND PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.110,
Marwah’s Complex, Krishanlal Marwah Estate, Off. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.01.1986 |
|
|
|
|
Com. Reg. No.: |
11-038618 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 160.489 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24220MH1986PLC038618 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC07976D/ MUMC09940A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC1457B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing and dealing in Active Pharmaceutical
Ingredients (APIs), Intermediates and Contract research and manufacturing
services. |
|
|
|
|
No. of Employees
: |
500 (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 |
|
Maximum Credit Limit : |
USD 7200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. As per Registrar of Companies the date of Balance Sheet i.e.
financials filed is shown as 31st March 2013 but the documents related
to the financials for the year 2013 are not available from any sources. As per available financials 2012, financial position of the company
seems to be decent. However, trade relations are fair. Business is active. Payment terms
are usually correct. The company can be considered for 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
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 |
CARE |
|
Rating |
Issues Rating = BBB- (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
11.02.2014 |
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
|
Name : |
Ms. Swati |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-28571191 |
|
Date : |
24.09.2014 |
LOCATIONS
|
Registered Office : |
Unit No.110, Marwah’s Complex, Krishanlal Marwah Estate, Off. Saki
Vihar Road, Andheri (East), Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28571191/ 82/ 28575037 |
|
Fax No.: |
91-22-66466401 |
|
E-Mail : |
dipali_dorugade@calyxindia.com
|
|
Website : |
|
|
Area : |
3000 Sq. ft. |
|
|
|
|
Corporate Office : |
A-37/38, MIDC, Phase 1, Golavli, Kalyan Shil Road, Dombivali (East),
Near Vicconaka, Thane – 421203, Maharashtra, India |
|
Tel. No.: |
91-251-2438310/ 6698300 |
|
Fax No.: |
91-251-2438726 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
N 91/102, Tarapur Industrial Area, Boisar, District Thane, Maharashtra, India |
|
|
|
|
Factory 2 : |
W 212/213, MIDC, Phase II, Sonarpada, Dombivali (East), District Thane, Maharashtra, India |
DIRECTORS
As on: 27.09.2013
|
Name : |
Mr. Smitesh Chandravadan Shah |
|
Designation : |
Managing Director |
|
Address : |
B-403, Eden – III, Hiranadani Grdens, Powai, Mumbai – 400 076, Maharashtra, India |
|
Date of Birth/Age : |
28.04.1959 |
|
Qualification : |
B.com |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
AMUPS4238C |
|
DIN No.: |
00019720 |
|
|
|
|
Name : |
Mr. Bharat Sukhlal Mehta |
|
Designation : |
Director |
|
Address : |
21, Nibbana Pali Hill, Bandra (West), Mumbai – 400 050, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1938 |
|
Qualification : |
MBA |
|
Date of Appointment : |
31.03.2010 |
|
PAN No.: |
AAAPM7952K |
|
DIN No.: |
00038165 |
|
|
|
|
Name : |
Mr. Rajat Indulal Doshi |
|
Designation : |
Director |
|
Address : |
1 E, Dil Pazir, Bhulabhai Desai Road, Cumballa, Gamdevi, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
13.10.1958 |
|
Qualification : |
B.com |
|
Date of Appointment : |
30.09.2009 |
|
PAN No.: |
AABPD9790M |
|
DIN No.: |
02423171 |
|
|
|
|
Name : |
Mr. Abhay Prafulchandra Desai |
|
Designation : |
Director |
|
Address : |
Flat No 502, Glen Classic Apts, Hiranandani Gardens, Powai Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1962 |
|
Date of Appointment : |
23.03.2010 |
|
DIN No.: |
03016913 |
KEY EXECUTIVES
|
Name : |
Ms. Swati |
|
Designation : |
Account Department |
|
|
|
|
Name : |
Mr. Devanand P. Mojidra |
|
Designation : |
Company Secretary |
|
Address : |
A/504, Kamala Ashish Building, 3 CHS Limited, Mahavir Nagar, Dahanukar
Wadi, Kandivali (West), Mumbai – 400 067, Maharashtra, India |
|
Date of Birth/Age : |
07.02.1973 |
|
Date of Appointment : |
11.05.2012 |
|
PAN No.: |
AHRPM7047F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2013
SHAREHOLDING LIST ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
10.20 |
|
Bodies corporate |
|
2.97 |
|
Directors or relatives of directors |
|
75.56 |
|
Other |
|
11.27 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and dealing in Active
Pharmaceutical Ingredients (APIs), Intermediates and Contract research and
manufacturing services. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Exports : |
|
||||||||||
|
Products : |
Finished Goods |
||||||||||
|
Countries : |
·
USA ·
China ·
Dubai |
||||||||||
|
|
|
||||||||||
|
Imports : |
|
||||||||||
|
Products : |
Raw Material |
||||||||||
|
Countries : |
China |
||||||||||
|
|
|
||||||||||
|
Terms : |
|
||||||||||
|
Selling : |
Cash / Credit / LC |
||||||||||
|
|
|
||||||||||
|
Purchasing : |
Cash / Credit / LC |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production* |
|
Active Pharmaceutical Ingredients, Intermediate and Chemicals |
MT |
127463 |
1743 |
NOTE:
·
The Installed capacity
has been certified by the management.
·
Includes outsourced,
contract manufactured and bought out goods
GENERAL INFORMATION
|
Suppliers : |
C J Shah and Company |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
Sandos Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Jammu and Kashmir bank limited, India · UCO Bank, MCU Andheri (West), Marol Maroshi Road, Next to Marol Fire Bridge, Andheri (East), Mumbai – 400059, Maharashtra, India · State Bank of Bikaner and Jaipur, Commercial Network Branch, 239, P Demello Road, Opposite GPO, Fort, Mumbai – 400001, Maharashtra, India · State Bank of Hyderabad, New India Assurance Company Building Ground Floor, 87, Mahatma Gandhi Road, Mumbai – 400001, Maharashtra, India · Export-Import Bank of India, Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India · State Bank of India, Backbay Reclamation Branch, Raheja Chambers, Nariman Point, Mumbai – 400021, Maharashtra, India · Corporation Bank, Large Corporate Branch, Eagles Flight, Suren Road, Andheri (East), Mumbai - 400093, Maharashtra, India · Punjab National Bank, Brady House, V.N. Road, Fort, Mumbai - 400023, Maharashtra, India · Bank of India, Andheri MID Corporate Branch, M.D.I Building, First Floor, 28 S.V Road, Andheri (West), Mumbai - 400058, Maharashtra, India · State Bank of India · State Bank of Mysore · IDBI Bank Limited · Oriental Bank of Commerce · State Bank of Patiala · Kotak Mahindra Bank Limited · Standard Chartered Bank · Indian Overseas Bank ·
State
Bank of Mysore ·
Bank
of Bahrain and Kuwait ·
Allahabad
Bank ·
Canara
Bank ·
ING
Vysya Bank · State Bank of Mauritius |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
Fund and Non-Fund Rs.3000.000 Million (From State Bank of India) (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jatin V. Shah Chartered Accountant |
|
Address : |
261/263, D N Road, 4th Floor, Mumbai – 400 001,
Maharashtra, India |
|
Tel. No.: |
91-22-32948140 |
|
Fax No.: |
91-22-22610775 |
|
PAN No.: |
AVVPS9231R |
|
|
|
|
Subsidiaries : |
Singind Life
Sciences Pte. Limited, Singapore |
|
|
|
|
Entities over which Key
Management Personnel exercise significant influence/ Others: |
· Top Brass Gifts Private Limited CIN No.: U18101MH1993PTC072347 · Sukhlal Mansukhlal Herbals (Formerly Known as Sum Electronics) · Sum Electronics · Calyx Employees Welfare Trust |
|
|
|
|
Sister Concern : |
·
Calyx Chemical LLC, Dubai ·
Calyx International USA |
CAPITAL STRUCTURE
As on 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16413473 |
Equity Shares |
Rs.10/- each |
Rs.164.135 Millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16048890 |
Equity Shares |
Rs.10/- each |
Rs.160.489 Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
160.489 |
159.332 |
|
(b) Reserves & Surplus |
|
1597.865 |
1187.591 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
57.704 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1816.058 |
1346.923 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) Long-term borrowings |
|
1066.429 |
1175.607 |
|
(b) Deferred tax liabilities (Net) |
|
207.870 |
166.238 |
|
(c) Other long term liabilities |
|
400.844 |
366.641 |
|
(d) Long-term provisions |
|
10.153 |
0.000 |
|
Total Non-current Liabilities (3) |
|
1685.296 |
1708.486 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
1577.492 |
1024.364 |
|
(b) Trade payables |
|
1761.960 |
646.052 |
|
(c) Other current
liabilities |
|
365.940 |
373.154 |
|
(d) Short-term provisions |
|
67.992 |
26.074 |
|
Total Current Liabilities (4) |
|
3773.384 |
2069.644 |
|
|
|
|
|
|
TOTAL |
|
7274.738 |
5125.053 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1184.938 |
973.880 |
|
(ii) Intangible Assets |
|
481.306 |
486.320 |
|
(iii) Capital
work-in-progress |
|
88.360 |
88.762 |
|
(iv)
Intangible assets under development |
|
442.941 |
345.699 |
|
(b) Non-current Investments |
|
2.981 |
2.713 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
29.850 |
27.883 |
|
(e) Other Non-current assets |
|
18.669 |
34.523 |
|
Total Non-Current Assets |
|
2249.045 |
1959.780 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
5.159 |
4.889 |
|
(b) Inventories |
|
2629.276 |
1868.138 |
|
(c) Trade receivables |
|
1796.906 |
920.727 |
|
(d) Cash and cash
equivalents |
|
464.735 |
188.012 |
|
(e) Short-term loans and
advances |
|
129.617 |
183.507 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
5025.693 |
3165.273 |
|
|
|
|
|
|
TOTAL |
|
7274.738 |
5125.053 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
135.360 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
780.482 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
915.842 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1579.865 |
|
|
2] Unsecured Loans |
|
|
295.949 |
|
|
TOTAL BORROWING |
|
|
1875.814 |
|
|
DEFERRED TAX LIABILITIES |
|
|
156.246 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2947.902 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1453.601 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.020 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1223.411
|
|
|
Sundry Debtors |
|
|
729.227
|
|
|
Cash & Bank Balances |
|
|
242.460
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
286.456
|
|
Total
Current Assets |
|
|
2481.554
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
913.307
|
|
|
Other Current Liabilities |
|
|
43.003
|
|
|
Provisions |
|
|
50.057
|
|
Total
Current Liabilities |
|
|
1006.367
|
|
|
Net Current Assets |
|
|
1475.187
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
18.094 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2947.902 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
5891.861 |
4171.774 |
3218.025 |
|
|
|
Other Income |
30.139 |
14.766 |
48.662 |
|
|
|
TOTAL (A) |
5922.000 |
4186.540 |
3266.687 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
4528.358 |
3038.899 |
|
|
|
|
Purchase of Stock-in-trade |
292.979 |
0.000 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(685.316) |
(114.644) |
|
|
|
|
Employee benefits expenses |
160.826 |
125.302 |
|
|
|
|
Manufacturing Expenses |
154.482 |
125.278 |
|
|
|
|
Administration Expenses |
254.964 |
175.704 |
|
|
|
|
Selling and Distribution Expenses |
32.577 |
41.297 |
|
|
|
|
Research and Development Expenses |
19.811 |
22.176 |
|
|
|
|
TOTAL (B) |
4758.681 |
3414.012 |
2681.255 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1163.319 |
772.528 |
585.432 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
455.870 |
286.637 |
232.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
707.449 |
485.891 |
352.979 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
129.430 |
97.704 |
77.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
578.019 |
388.187 |
275.608 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
161.836 |
91.461 |
67.238 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
416.183 |
296.726 |
208.370 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
837.922 |
598.665 |
422.057 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Equity Dividend Paid |
15.934 |
|
31.762 |
|
|
|
Tax on Interim Dividend |
2.585 |
0.000 |
|
|
|
|
Proposed Final Equity Dividend |
12.037 |
23.900 |
|
|
|
|
Tax on Dividend |
1.953 |
3.969 |
|
|
|
|
Transfer to General Reserves |
41.600 |
29.600 |
|
|
|
BALANCE CARRIED
TO THE B/S |
1179.996 |
837.922 |
598.665 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
1486.344 |
817.867 |
389.208 |
|
|
TOTAL EARNINGS |
1486.344 |
817.867 |
389.208 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
0.481 |
0.000 |
0.000 |
|
|
|
Raw Materials |
1522.396 |
1299.467 |
1168.685 |
|
|
|
Consumables |
0.028 |
0.156 |
0.321 |
|
|
TOTAL IMPORTS |
1522.905 |
1299.623 |
1169.006 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.12 |
19.33 |
17.61 |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
6000.000 |
6000.000 |
The above information has been parted by Ms. Swati.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.03 |
7.09
|
6.38
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.81 |
9.31
|
8.56
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.58 |
8.28
|
7.00
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.29
|
0.30
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.46 |
1.63
|
2.05
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.53
|
2.47
|
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
|
159.332 |
160.489 |
|
Reserves & Surplus |
|
1187.591 |
1597.865 |
|
Share Application money
pending allotment |
|
0.000 |
57.704 |
|
Net
worth |
|
1346.923 |
1816.058 |
|
|
|
|
|
|
long-term borrowings |
|
1175.607 |
1066.429 |
|
Short term borrowings |
|
1024.364 |
1577.492 |
|
Total
borrowings |
|
2199.971 |
2643.921 |
|
Debt/Equity
ratio |
|
1.633 |
1.456 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3218.025 |
4171.774 |
5891.861 |
|
|
|
29.638 |
41.232 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3218.025 |
4171.774 |
5891.861 |
|
Profit |
208.370 |
296.726 |
416.183 |
|
|
6.48% |
7.11% |
7.06% |
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) |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date: 02/07/2013 |
|
Lodging No: WPST/17966/2013 Filing Date: 02/07/2013 Reg. No.: WP/5870/2013 Reg. Date: 05/07/2013 |
|
Petitioner: MAHARASHTRA STATE ELECTRICITY DISTRIC Respondent: CALYX CHEMICALS AND PHARMACEUTICALS LIMITED Petn. Adv : DSK LEGAL (0) District: THANE
Resp. Adv.:- PRAVIN D. KADAM (348) |
|
Bench: SINGLE Status: Pre-Admission Next Date: 30/07/2014
Stage: PETITIONS FOR ADMISSION AFTER
NOTICE
(CIVIL SIDE MATTERS) Coram:- ACCORDING TO SITTING LIST Last Date:- 18/06/2014 Stage: PETITIONS FOR ADMISSION AFTER
NOTICE
(CIVIL SIDE MATTERS) Last Coram: HON’BLE SHRI JUSTICE R.M. SAVANT |
|
Act: Electricity Supplies Act, 1948 |
CHANGE OF ADDRESS
The registered
office of the company has been shifted from Unit No.2, Marwah’s Complex, Marwah Estate,
Saki Vihar Road, Andheri (East), Mumbai – 400 072, Maharashtra to the present address w.e.f. 03.09.2012.
UNSECURED LOANS
|
|
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
12.819 |
12.819 |
|
Deferred payment liabilities |
17.434 |
17.972 |
|
Deposits from others |
0.150 |
0.100 |
|
Loans and advances from related parties |
19.700 |
122.019 |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
0.000 |
100.000 |
|
Total |
50.103 |
252.91 |
CORPORATE INFORMATION
Subject is a closely held public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in manufacturing and dealing in Active Pharmaceutical Ingredients (APIs), Intermediates and Contract research and manufacturing services. The company caters to both domestic and international markets.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10489968 |
31/03/2014 |
500,000,000.00 |
THE JAMMU AND KASHMIR BANK LIMITED |
MAHAKALI CAVES,, SUBHASH NAGAR, ANDHERI (EAST), MUMBAI - 400093, MAHARASHTRA, INDIA |
C03753779 |
|
2 |
10406186 |
18/02/2013 |
200,000,000.00 |
UCO BANK |
MCU ANDHERI (WEST),
MAROL MAROSHI ROAD, NEXT TO M |
B68691112 |
|
3 |
10400489 |
17/01/2013 |
275,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
|
B66677725 |
|
4 |
10389644 |
04/12/2012 |
400,000,000.00 |
CORPORATION BANK |
LARGE CORPORATE
BRANCH, EAGLES FLIGHT,, SUREN ROA |
B63207336 |
|
5 |
10379031 |
05/10/2012 |
600,000,000.00 |
STATE BANK OF TRAVANCORE |
N.M.WADIA BUILDING, 125 M.G ROAD, MUMBAI - 400021, MAHARASHTRA, INDIA |
B59100479 |
|
6 |
10365476 |
10/07/2012 |
52,200,000.00 |
DENA BANK |
SHARE BAZAR BRANCH, HAMAM STREET, MUMBAI - 400023, MAHARASHTRA, INDIA |
B43627074 |
|
7 |
10367854 |
04/07/2012 |
100,000,000.00 |
BANK OF MAHARASHTRA |
SHASHTRI HALL,, 292 , TARDEO ROAD,, MUMBAI - 400007, MAHARASHTRA, INDIA |
B44626364 |
|
8 |
10368035 |
04/07/2012 |
150,000,000.00 |
BANK OF MAHARASHTRA |
SHASHTRI HALL,, 292 , TARDEO ROAD,, MUMBAI - 400007, MAHARASHTRA, INDIA |
B44696557 |
|
9 |
10365935 |
23/06/2012 |
400,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
COMMERCIAL NETWORK
BRANCH, 239,, P.D'MELLO ROAD, |
B43778810 |
|
10 |
10364958 |
17/10/2012 * |
6,459,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MUMBAI - 400005, MAHARASHTRA, INDIA |
B60027612 |
|
11 |
10360984 |
23/05/2012 |
200,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
COMMERCIAL NETWORK BRANCH,, 239,P.D'MELLO ROAD, NEAR G.P.O, MUMBAI - 400001, MAHARASHTRA, INDIA |
B41781865 |
|
12 |
10323423 |
15/12/2011 |
50,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
|
B27972421 |
|
13 |
10323416 |
15/12/2011 |
250,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
|
B27971837 |
|
14 |
10293104 |
18/05/2011 |
270,000,000.00 |
SBI GLOBAL FACTORS LIMITED |
6TH FLOOR,
METROPOLITAN BUILDING, BANDRA-KURLA, C |
B15321300 |
|
15 |
10238777 |
22/02/2012 * |
4,768,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH,RAHEJA CHAMBERS,, NARI |
B36744563 |
|
16 |
90219177 |
17/03/2004 |
30,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
17 |
80058733 |
25/06/2004 * |
44,000,000.00 |
SBI FACTOR AND COMMERCIAL SERVICES LTD. |
BANDRA (W), MUMBAI - 400050, MAHARASHTRA, INDIA |
- |
|
18 |
90218409 |
06/10/2009 * |
2,585,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH,RAHEJA CHAMBERS,, NARI |
A72624505 |
FIXED ASSETS
·
· Building
· Plant and Machinery
· Air Conditioner
· Computer
· Electrical Installation
· Furniture and Fixture
· Laboratory Equipment
· Vehicles
· Office Equipment
· Air Conditioner
· Computer
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 judgment 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.60.87 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JAY |
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 |
YES |
|
--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 |
|
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.