MIRA INFORM REPORT
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Report No. : |
315122 |
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Report Date : |
04.04.2015 |
IDENTIFICATION DETAILS
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Name: |
TRANSASIA BIO-MEDICALS LIMITED |
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Formerly Known
As : |
TRANSASIA BIO-MEDICALS PRIVATE LIMITED |
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Registered
Office : |
Transasia House, 8, Chandivali Studio Road, Mumbai –
400072, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
10.05.1985 |
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Com. Reg. No.: |
11-036198 |
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Capital Investment
/ Paid-up Capital : |
Rs. 40.000 Millions |
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CIN No.: [Company Identification
No.] |
U33110MH1985PLC036198 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT00342G / MUMT09181E |
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PAN No.: [Permanent Account No.] |
AAACT2038C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Medical Equipments. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
A (63) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum Credit Limit : |
USD 20800000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. Financial position of the company is sound. Fundamentals of the
company are strong and healthy. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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.
LOCATIONS
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Registered/ Head Office : |
Transasia House, 8, Chandivali Studio Road, Mumbai –
400072, Maharashtra, India |
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Tel. No.: |
91-22-40309000/ 28575050/ 4040 |
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Fax No.: |
91-22-28573030 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Manufacturing
Units : |
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Unit 1 : |
47/6, Gelwad Falia, Dhabhel, Nani Daman – 396210, Daman and Diu, India
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Unit 2 : |
B/11, OIDC Ringanwada, Nani Daman – 396210, India |
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Unit 3 : |
SDF-VI, Unit No. 162, SEEPZ, Andheri (East), Mumbai – 400096,
Maharashtra, India |
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Unit 4 : |
SDF-VI, Unit No. 161, SEEPZ, Andheri (East), Mumbai – 400096,
Maharashtra, India |
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Unit 5 : |
Khasra Nos. 542, 543, 544 and 545, Village Malpur, District Solan,
Badddi – 173205, Himachal Pradesh, India |
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Regional Offices : |
Located at: NORTH ZONE ·
New Delhi ·
Lucknow ·
Chandigarh ·
Jaipur EAST ZONE ·
Kolkata WEST ZONE · Mumbai · Pune · Ahmedabad SOUTH ZONE · Bangalore · Chennai · Hyderabad · Cochin CENTRAL ZONE · Patna · Indore |
DIRECTORS
As on 30.09.2014
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Name : |
Mr. Suresh Hassanand Vazirani |
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Designation : |
Managing director |
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Address : |
Flat No. 3C, Mittal Paradise, Opposite Mittal Park, Off General Mhatre
Marg, Juhu, Mumbai – 400072, Maharashtra, India |
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Date of Birth/Age : |
15.07.1949 |
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Qualification : |
Diploma in Electrical Engineer |
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Experience : |
25 Years |
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Date of Appointment : |
18.12.2013 |
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PAN No.: |
AACPV8735D |
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DIN No.: |
00122486 |
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Other Directorship :
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Name : |
Mrs. Mala Suresh Vazirani |
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Designation : |
Whole-time director |
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Address : |
Flat No. 3C, Mittal Paradise, Opposite Mittal Park, Off General Mhatre
Marg, Juhu, Mumbai – 400072, Maharashtra, India |
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Date of Birth/Age : |
13.08.1958 |
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Date of Appointment : |
18.12.2013 |
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PAN No.: |
ABZPV1190L |
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DIN No.: |
00122711 |
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Other Directorship :
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Name : |
Mr. Francis Matthew |
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Designation : |
Director |
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Address : |
209-D, Sheetal Apartments, Seven Bunglows, Andheri (West), Mumbai -
400053, Maharashtra, India |
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Date of Birth/Age : |
10.07.1952 |
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Date of Appointment : |
01.12.1986 |
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DIN No.: |
00124796 |
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Other Directorship :
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Name : |
Ravi Hassanand Vazirani |
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Designation : |
Director |
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Address : |
1404, Meghdoot Alokhandwala Complex, Andheri (West), Mumbai – 400053,
Maharashtra, India |
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Date of Birth/Age : |
07.08.1962 |
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Date of Appointment : |
12.02.2014 |
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DIN No. : |
01995434 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
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Suresh Hassanand Vazirani |
3359230 |
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Mala Suresh Vazirani |
640730 |
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Nikhil Suresh Vazirani |
10 |
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Niharikaa Suresh Vazirani |
10 |
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Francis Matthew |
10 |
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Vibhuti Suresh Vazirani |
10 |
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Total |
4000000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Medical Equipments. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
· HDFC Bank Limited · Royal Bank of Scotland N.V. · Kotak Bank · Indusind Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Amit Vinay Chaturvedi Chartered Accountants |
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Address : |
714-715, Tulsiani Chambers, 212, Free Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFC0662N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associate : |
Sysmex Transasia Services Private Limited |
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Subsidiary Company
: |
· Erba Diagnostics Mannheim Gmbh · Erba Diagnostics International B.V. · Erba Diasis Diagnostik Sistemler Ve Sanayi Ticaret A. S. · Erba Lachema s.r.o. · Erba Dignostics France · Erba Diagnostics Inc · Jas Diagnostics Inc · Diamedix Corporation · Erba RUS · Drew Scientific · Delta Biologicals S.R.L |
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Related Par |
· McSoft Infotech Private Limited · Taipan Sea Foods Limited · Transasia Engineers |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
4,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
4,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders'
Funds |
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|
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(a) Share Capital |
40.000 |
40.000 |
40.000 |
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(b) Reserves & Surplus |
7244.900 |
5919.900 |
4801.600 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
7284.900 |
5959.900 |
4841.600 |
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(3) Non-Current
Liabilities |
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|
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(a) long-term borrowings |
7.400 |
9.000 |
10.600 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
17.600 |
11.000 |
6.600 |
|
(d) long-term
provisions |
7.400 |
6.500 |
0.000 |
|
Total Non-current
Liabilities (3) |
32.400 |
26.500 |
17.200 |
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(4) Current Liabilities |
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|
|
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(a) Short
term borrowings |
1340.600 |
886.300 |
896.600 |
|
(b) Trade
payables |
532.100 |
522.500 |
504.800 |
|
(c) Other
current liabilities |
469.300 |
424.200 |
352.700 |
|
(d) Short-term
provisions |
122.900 |
149.400 |
172.300 |
|
Total Current
Liabilities (4) |
2464.900 |
1982.400 |
1926.400 |
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|
|
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TOTAL |
9782.200 |
7968.800 |
6785.200 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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(a) Fixed
Assets |
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|
|
|
(i)
Tangible assets |
1346.000 |
1306.400 |
464.800 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
7.700 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3781.400 |
2840.200 |
2551.900 |
|
(c) Deferred tax assets (net) |
13.700 |
10.700 |
8.200 |
|
(d) Long-term Loan and Advances |
1588.800 |
1320.700 |
1282.400 |
|
(e) Other
Non-current assets |
7.500 |
36.100 |
33.800 |
|
Total Non-Current
Assets |
6737.400 |
5514.100 |
4348.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
105.200 |
0.000 |
10.000 |
|
(b)
Inventories |
899.100 |
737.500 |
695.000 |
|
(c) Trade
receivables |
1491.800 |
1413.500 |
1486.600 |
|
(d) Cash
and cash equivalents |
189.500 |
111.900 |
82.000 |
|
(e)
Short-term loans and advances |
352.700 |
189.900 |
158.100 |
|
(f) Other
current assets |
6.500 |
1.900 |
4.700 |
|
Total
Current Assets |
3044.800 |
2454.700 |
2436.400 |
|
|
|
|
|
|
TOTAL |
9782.200 |
7968.800 |
6785.200 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4725.900 |
4115.400 |
3646.900 |
|
|
|
Other Income |
218.200 |
194.800 |
125.000 |
|
|
|
TOTAL (A) |
4944.100 |
4310.200 |
3771.900 |
|
|
|
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|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
718.400 |
670.700 |
568.100 |
|
|
|
Purchases of Stock-in-Trade |
1189.300 |
1032.500 |
1069.100 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(118.200) |
(84.800) |
(152.500) |
|
|
|
Employees benefits expense |
651.100 |
486.600 |
430.400 |
|
|
|
Other expenses |
669.200 |
641.000 |
612.900 |
|
|
|
TOTAL (B) |
3109.800 |
2746.000 |
2528.000 |
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|
|
|
|
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|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
1834.300 |
1564.200 |
1243.900 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
49.800 |
50.800 |
58.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1784.500 |
1513.400 |
1185.900 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
202.800 |
158.600 |
114.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
1581.700 |
1354.800 |
1071.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
224.500 |
178.500 |
145.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
1357.200 |
1176.300 |
925.700 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of export |
550.900 |
527.900 |
457.800 |
|
|
|
Interest Income |
13.300 |
11.100 |
11.800 |
|
|
TOTAL EARNINGS |
564.200 |
539.000 |
469.600 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
458.000 |
|
|
|
|
|
Finished goods and Capital Goods |
966.200 |
924.600 |
|
|
|
|
Travelling Expenses |
21.600 |
25.300 |
|
|
|
TOTAL IMPORTS |
1445.800 |
1274.700 |
1183.300 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
339.00 |
294.09 |
230.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
28.72 |
28.58 |
25.38 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
38.81 |
38.01 |
34.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.42 |
26.47 |
25.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.23 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.19 |
0.15 |
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.24 |
1.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
4801.600 |
5919.900 |
7244.900 |
|
Net
worth |
4841.600 |
5959.900 |
7284.900 |
|
|
|
|
|
|
long-term borrowings |
10.600 |
9.000 |
7.400 |
|
Short term borrowings |
896.600 |
886.300 |
1340.600 |
|
Total
borrowings |
907.200 |
895.300 |
1348.000 |
|
Debt/Equity
ratio |
0.187 |
0.150 |
0.185 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
3646.900 |
4115.400 |
4725.900 |
|
|
|
12.847 |
14.835 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
3646.900 |
4115.400 |
4725.900 |
|
Profit |
925.700 |
1176.300 |
1357.200 |
|
|
25.38% |
28.58% |
28.72% |
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 |
----- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10496177 |
21/05/2014 |
100,000,000.00 |
CITI BANK N.A. |
FIFC PLOT NOS. C-54
& C-55, G-BLOCK, BANDRA KURLA, |
C04903571 |
|
2 |
10440922 |
14/10/2014 * |
400,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
C30954200 |
|
3 |
10345344 |
05/03/2012 |
15,391,000.00 |
DEPARTMENT OF BIOTECHNOLOGY |
6-8TH FLOOR, BLOCK NO. 2, CGO COMPLEX,LODHI ROAD, NEW DELHI, DELHI - 110003, INDIA |
B36198968 |
|
4 |
10072790 |
01/12/2011 * |
420,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B27380906 |
|
5 |
10051810 |
21/10/2011 * |
160,000,000.00 |
THE ROYAL BANK OF SCOTLAND N V |
HANSALAYA BUILDING, 15, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B23831134 |
|
6 |
90215716 |
28/03/2001 |
50,000,000.00 |
ICICI BANK LIMITED |
ICICI TOWERS,
BANDRA KURLA, MUMBAI, MAHARASHTRA, |
- |
|
7 |
90215696 |
18/09/2000 |
118,000,000.00 |
ICICI BANK LIMITED |
215; FREE PRESS
HOUSE, NARIMAN POINT, MUMBAI, MAH |
- |
|
8 |
90215401 |
25/09/1995 * |
3,000,000.00 |
UNION BANK OF INDIA |
INDUSL. FINANCE
BRANCH, 239; VIDHAN BHAWAN; NARIM |
- |
|
9 |
90215300 |
16/10/1991 |
11,500,000.00 |
INDIAN BANK |
210; MITTAL TOWERS, MUMBAI, MAHARASHTRA, INDIA |
- |
|
10 |
90215294 |
20/08/1991 |
169,800.00 |
INDIAN BANK |
210; MITTAL TOWER, NARIMAN
POINT, MUMBAI, MAHARAS |
- |
|
11 |
90215138 |
24/01/1988 |
3,375,000.00 |
INDIAN BANK |
OSHIWARA BRANCH, MUMBAI, MAHARASHTRA - 400008, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Borrowing from government semi-government bodies (Interest free Term loan of Rs 80 Lacs from National Research Development Corporation under Ministry of Science and Tech., of Government of India, repayable in 5 (Five) equal yearly installment of Rs 1.600 Million starting from 31st March 2012. Grant in the form of Term loan of Rs 14.000 Million, out of which first installment of Rs 4.200 Million received from Department of Biotechnology, Govt Of India (DBT) for funding support under the Biotechnology Industry Partnership Programmed (BIPP) of The DBT, repayable in 10 (ten) equal half yearly installments of Rs 1.400 Million each starting from April 2015.) |
3.200 |
4.800 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
17.100 |
47.100 |
|
Other loans and advances, others |
19.900 |
18.500 |
|
Total |
40.200 |
70.400 |
OPERATIONS AND
PERFORMANCE REVIEW
The company has continued on its growth path registering an increase in the overall turnover by 14.83% and Profit before Tax by 16.74%. Your company continues to hold for yet another year a major market share in market segments like Haematology, Biochemistry (Routine Chemistry Reagents) and Critical Care Electrolytes.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
i) Corporate guarantees given for issue of SBLC by banks on behalf of its subsidiary |
1987.600 |
1906.900 |
|
ii) Corporate guarantees issued by the Company to banks on behalf of Subsidiaries and other |
176.500 |
0.000 |
|
iii) Claims against the Company not acknowledged as debts |
10.100 |
8.500 |
|
iv) Bank Guarantees issued |
78.100 |
76.700 |
|
Total |
2252.300 |
1992.100 |
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Machinery
· Computers
· Electric and Office Equipment’s
· Furniture and Fixtures
· Motor Cars
· Instruments at Customers Site
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.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
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 |
NO |
|
--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 |
|
63 |
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.