1. Summary Information
|
|
|
Country |
|
|
Company Name |
ARISTO PHARMACEUTICALS PRIVATE LIMITED |
Principal Name 1 |
Mr. Umesh Sharma |
|
Status |
Good |
Principal Name 2 |
Mr. Randhir Kumar Bachan |
|
|
|
Registration # |
11-015425 |
|
Street Address |
12, J N Heredia Marg, Ballard Estate, Mumbai - 400001, Maharashtra,
India |
||
|
Established Date |
08.11.1971 |
SIC Code |
-- |
|
Telephone# |
91-22-22617909/
749/ 22671436/ 22619582 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-22615604 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Pharmaceutical Product |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.9,897,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
43 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
A (62) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India
|
Aristo Laboratories
Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,598,499,000 |
Current Liabilities |
559,346,000 |
|
Inventories |
2,128,296,000 |
Long-term Liabilities |
1,225,017,000 |
|
Fixed Assets |
1,792,107,000 |
Other Liabilities |
854,034,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,638,397,000 |
|
Invest& other Assets |
7,277,010,000 |
Retained Earnings |
12,147,618,000 |
|
|
|
Net Worth |
12,157,515,000 |
|
Total Assets |
14,795,912,000 |
Total Liab. & Equity |
14,795,912,000 |
|
Total Assets (Previous Year) |
12,410,854,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
12,798,300,000 |
Net Profit |
2,930,200,000 |
|
Sales(Previous yr) |
11,396,700,000 |
Net Profit(Prev.yr) |
2,697,200,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARISTO PHARMACEUTICALS PRIVATE LIMITED
(w.e.f.03.02.2005) |
|
|
|
|
Formerly Known
As : |
ARISTO PHARMACEUTICALS LIMITED |
|
|
|
|
Registered
Office : |
12, J N Heredia Marg, Ballard Estate,
Mumbai - 400001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.11.1971 |
|
|
|
|
Com. Reg. No.: |
11-015425 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.897
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1971PTC015425 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA22661C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4495N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical Product. |
|
|
|
|
No. of Employees
: |
Information denied by management
|
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 49000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established having fine track record. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31st March 2014 but the document
related to financials are not available for any source. As per available financial record of 2013, the rating reflects
company’s heathy financial risk marked 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 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 |
|
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
slowly 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.
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
Management Non Co-Operative (Tel No.: 91-22-26739989)
LOCATIONS
|
Registered
Office : |
12 J N Heredia Marg, Ballard Estate, Mumbai - 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-22617909/
749/ 22671436/ 22619582 |
|
Fax No.: |
91-22-22615604 |
|
E-Mail : |
|
|
Website: |
|
|
Location: |
Owned |
|
|
|
|
Corporate
Office : |
23-A, Shah
Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-26739999 |
|
Fax No.: |
91-22-26734792 |
|
E-Mail : |
|
|
|
|
|
Factories : |
Located at ·
Daman ·
Himachal
Pradesh ·
Bhopal |
DIRECTORS
As on 21.06.2013
|
Name : |
Mr. Umesh Sharma |
|
Designation : |
Managing Director |
|
Address : |
East Khemini Chak, Kankarbagh, Patna -
800020, Bihar, India |
|
Date of Birth/Age : |
15.11.1952 |
|
Date of Appointment : |
12.02.1979 |
|
PAN No.: |
AJGPS6979P |
|
DIN No.: |
01385819 |
|
|
|
|
Name : |
Mr. Randhir Kumar Bachan |
|
Designation : |
Director |
|
Address : |
Village Govindpur, PS : Ghoshi Post, Modan
Ganj, Jehanabad – 804406, Bihar, India |
|
Date of Birth/Age : |
19.11.1971 |
|
Date of Appointment : |
01.09.2005 |
|
PAN No.: |
AEHPB8901Q |
|
DIN No.: |
01163058 |
|
|
|
|
Name : |
Mr. Virendra Sharma |
|
Designation : |
Director |
|
Address : |
703, A-22, Bakers, Shastri Nagar, Andheri
(West), Mumbai - 400053, Maharashtra, India |
|
Date of Birth/Age : |
18.01.1969 |
|
Date of Appointment : |
03.10.2006 |
|
DIN No.: |
01449416 |
|
|
|
|
Name : |
Mr. Raj Nandan Sharma |
|
Designation : |
Director |
|
Address : |
Village Berra, Post Berra, P.S. Masaurhi –
804454, Bihar, India |
|
Date of Birth/Age : |
09.11.1948 |
|
Date of Appointment : |
23.06.2010 |
|
PAN No.: |
CUQPS2452C |
|
DIN No.: |
01623096 |
KEY EXECUTIVES
|
Name : |
Ms. Venetia |
|
Designation : |
Export Department |
MAJOR SHAREHOLDERS
As on 21.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mahendra Prasad
B. Sharma |
|
91080 |
|
Umesh B. Sharma |
|
680 |
|
Renukadevi U.
Sharma |
|
100 |
|
Satula Devi |
|
1340 |
|
Rajeev M. Sharma |
|
1370 |
|
Rahul U. Sharma |
|
1160 |
|
Umadevi D. Bhatti |
|
250 |
|
Aradhya Rai |
|
1495 |
|
Achintya Rai |
|
1495 |
|
Total |
|
98970 |
Equity Share Break up (Percentage of Total Equity)
As on 21.06.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Product. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Bank of India ·
State Bank of India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Note: Working capital loans are secured by equitable mortgage of Fixed Assets and hypothecation of stock, Book-Debts and Fixed Deposits with Banks |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. B. Lal
Agrawal and Company Chartered Accountants |
|
Address : |
Sri Ram Bhawan , Exhibition Road, Patna – 800001, Bihar, India |
|
PAN No.: |
ACDPA2431N |
|
|
|
|
Associates : |
·
Aristo Laboratories Private Limited, India CIN No.: U24110AP1980PTC005938 ·
Mapra Laboratories Private Limited, India CIN No.: U24100MH1985PTC037946 |
CAPITAL STRUCTURE
As on 21.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99000 |
Equity Shares |
Rs.100/- each |
Rs.9.900 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98970 |
Equity Shares |
Rs.100/- each |
Rs.9.897 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
9.897 |
|
(b) Reserves & Surplus |
|
|
12147.618 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
12157.515 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
1225.017 |
|
(b) Trade payables |
|
|
309.349 |
|
(c) Other current
liabilities |
|
|
249.997 |
|
(d) Short-term provisions |
|
|
854.034 |
|
Total Current Liabilities (4) |
|
|
2638.397 |
|
|
|
|
|
|
TOTAL |
|
|
14795.912 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
1784.595 |
|
(ii) Intangible Assets |
|
|
7.512 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
7277.010 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
63.645 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
9132.762 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
2128.296 |
|
(c) Trade receivables |
|
|
999.580 |
|
(d) Cash and cash equivalents |
|
|
2304.412 |
|
(e) Short-term loans and
advances |
|
|
117.507 |
|
(f) Other current assets |
|
|
113.355 |
|
Total Current Assets |
|
|
5663.150 |
|
|
|
|
|
|
TOTAL |
|
|
14795.912 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
9.897 |
9.897 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
11051.617 |
9562.190 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
11061.514 |
9572.087 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
317.187 |
370.961 |
|
|
2] Unsecured Loans |
|
34.800 |
33.865 |
|
|
TOTAL BORROWING |
|
351.987 |
404.826 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
11413.501 |
9976.913 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1411.559 |
1279.949 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
6279.900 |
5452.800 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1881.305
|
1554.972
|
|
|
Sundry Debtors |
|
931.388
|
744.051
|
|
|
Cash & Bank Balances |
|
1594.666
|
1353.843
|
|
|
Other Current Assets |
|
107.517
|
92.350
|
|
|
Loans & Advances |
|
204.519
|
121.599
|
|
Total
Current Assets |
|
4719.395
|
3866.815
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
336.204
|
182.699
|
|
|
Other Current Liabilities |
|
212.300
|
221.154
|
|
|
Provisions |
|
448.849
|
218.798
|
|
Total
Current Liabilities |
|
997.353
|
622.651
|
|
|
Net Current Assets |
|
3722.042
|
3244.164
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
11413.501 |
9976.913 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12798.300 |
11396.700 |
10629.800 |
|
|
|
Other Income |
NA |
NA |
670.161 |
|
|
|
TOTAL |
NA |
NA |
11299.961 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
7427.161 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4016.300 |
3818.500 |
3872.800 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
206.100 |
161.300 |
162.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
3810.200 |
3657.200 |
3710.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
880.000 |
960.000 |
1127.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
2930.200 |
2697.200 |
2582.600 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5817.800 |
4599.800 |
3488.200 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend |
880.800 |
653.200 |
851.100 |
|
|
|
Proposed Final Dividend |
692.800 |
386.000 |
188.000 |
|
|
|
Tax on Dividend |
260.600 |
168.600 |
171.900 |
|
|
|
Transferred to General Reserve |
300.000 |
271.400 |
260.000 |
|
|
BALANCE CARRIED
TO THE B/S |
6613.800 |
5817.800 |
4599.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of exports |
104.029 |
72.195 |
40.022 |
|
|
TOTAL EARNINGS |
104.029 |
72.195 |
40.022 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
155.160 |
128.709 |
185.104 |
|
|
|
Laboratory Chemicals |
1.176 |
0.114 |
0.000 |
|
|
|
Capital Goods |
7.215 |
7.215 |
0.000 |
|
|
TOTAL IMPORTS |
163.551 |
136.038 |
185.104 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29606.95 |
27252.70 |
26094.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
N.A.
|
22.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
29.77 |
32.09
|
34.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
50.67 |
59.65
|
72.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.33
|
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.10 |
0.03
|
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.15 |
4.73
|
6.21 |
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 |
9.897 |
9.897 |
9.897 |
|
Reserves & Surplus |
9562.190 |
11051.617 |
12147.618 |
|
Net
worth |
9572.087 |
11061.514 |
12157.515 |
|
|
|
|
|
|
long-term borrowings |
|
|
|
|
Short term borrowings |
|
|
|
|
Total
borrowings |
404.826 |
351.987 |
1225.017 |
|
Debt/Equity
ratio |
0.042 |
0.032 |
0.101 |
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 |
10,629.800 |
11,396.700 |
12,798.300 |
|
|
|
7.215 |
12.298 |
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
|
10,629.800 |
11,396.700 |
12,798.300 |
|
Profit |
2,582.600 |
2,697.200 |
2,930.200 |
|
|
24.30% |
23.67% |
22.90% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
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 |
No |
LITIGATION DETAILS
|
Case Details |
|||||||
|
Bench:- Bombay |
|||||||
|
Lodging No. : |
ITXAL/3635/2008 |
Failing Date:- |
24/12/2012 |
Reg No.:- |
ITXA/2019/2009 |
Reg Date:- |
02/09/2009 |
|
|
|||||||
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX-2 MUMBAI |
Respondent:- |
M/S. ARISTO PHARMACETICALS LIMITED |
||||
|
Petn.Adv:- |
VIMAL GUPTA (0) |
Resp. Adv.: |
ATUL K JASANI (0) |
||||
|
District:- |
MUMBAI |
||||||
|
|
|||||||
|
Bench:- |
DIVISION |
Category:- |
TAX APPEALS |
||||
|
Status:- |
Admitted (Unready) |
Stage:- |
INCOME TAX APPEAL FOR ADMISSION |
||||
|
Last Date:- |
06/01/2014 |
|
|||||
|
Last Coram:- |
HON’BLE SHRI JUSTICE V.C. DAGA HON’BLE SHRI JUSTICE J.P. DEVADHAR |
||||||
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
35.873 |
34.800 |
|
Total |
35.873 |
34.800 |
OPERATIONS:
The company has improved its sales for the year to
Rs.12798.300 Millions compared to Rs.11396.700 Millions in the previous year. The
Net Profit before Tax is Rs.3810.200 Millions for the year compared to
Rs.3657.200 Millions achieved in the immediate previous year.
INDEX OF CHARGE:
|
Sr .No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90224399
|
04/03/1993
|
10,000,000.00
|
State
Bank of India |
Nadala
Branch, Mumbai, Maharashtra - 400031, India |
- |
|
2 |
90220092
|
08/08/1988
|
50,500,000.00
|
State
Bank of India |
20/6
Podar House Rafi Ahmed Road, Mumbay, Maharashtra - 400013, India |
- |
|
3 |
90223705
|
11/12/1980
|
4,000,000.00
|
Bank
of India |
Bombay
Mainm Branch, 70/80 Mg Road, Mumbai, Maharashtra - 400023, India |
- |
|
4 |
90223702
|
25/02/1999
* |
4,000,000.00
|
Bank
of India |
70/80
Mahatma Gandhi Road, Mumbay, Maharashtra - 400001, India |
- |
|
5 |
90223681
|
10/03/1979
|
5,300,000.00
|
Bank
of India |
70/80
Mahatma Gandhi Road, Mumbay, Maharashtra - 400001, India |
- |
|
6 |
90223631
|
27/02/1974
|
1,570,000.00
|
State
Industrial And Investment Corporation |
Nariman
1 St Floor, Mumbay, Maharashtra - 400021, India |
- |
|
7 |
90223630
|
25/02/1974
|
500,000.00
|
Bank
of India |
70/80
Mahatma Gandhi Road, Mumbay, Maharashtra - 400001, India |
- |
|
8 |
90223621
|
29/11/1972
|
200,000.00
|
Bank
of India |
70/80
Mahatma Gandhi Road, Mumbay, Maharashtra - 400001, India |
- |
*Date of modification charge
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Other equipment’s
·
Computer software
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.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.45 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.