MIRA INFORM REPORT
|
Report No. : |
317532 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNILAB CHEMICALS AND PHARMACEUTICALS PRIVATE LIMITED |
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Registered
Office : |
107/108, Anjani Complex, 316 Parera Hill Road, Andheri Kurla Road,
Andheri (East), Chakala, Mumbai – 400099, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
31.03.1978 |
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Com. Reg. No.: |
11-020256 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.500 Millions |
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CIN No.: [Company Identification
No.] |
U24110MH1978PTC020256 |
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|
IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMU03870G |
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PAN No.: [Permanent Account No.] |
AAACV0707D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer And Exporter Of A Hygienically Formulated
Pharmaceutical Drugs and Formulations. |
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No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Trade relations are fair. Business is active. Payments are
reported to be usually correct. The company can be considerd 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.
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. Suvarna Gaikwad |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-65704098 |
|
Date : |
13.04.2015 |
LOCATIONS
|
Registered Office : |
107/108, Anjani Complex, 316 Parera Hill Road, Andheri Kurla Road, Andheri
(East), Chakala, Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-65704098 / 65705475 / 28260263 |
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Fax No.: |
91-22-28373987 |
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E-Mail : |
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Website : |
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Factory : |
W-32, MIDC, Phase-2, Sagaon Dombivali (East), Mumbai – 421207,
Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Dipak Kantilal Vora |
|
Designation : |
Director |
|
Address : |
02, Parul Juhu Tara Road, Mumbai - 400 049, Maharashtra, India |
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Date of Birth/Age : |
15.10.1953 |
|
Date of Appointment : |
10.06.1994 |
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Din No.: |
00928321 |
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|
Name : |
Mrs. Smita Dipak Vora |
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Designation : |
Director |
|
Address : |
02, Parul Juhu Tara Road, Mumbai - 400 049, Maharashtra, India |
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Date of Birth/Age : |
19.16.1957 |
|
Date of Appointment : |
01.03.2001 |
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Din No.: |
00928376 |
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|
|
|
Name : |
Mrs. Sharmishta Shantilal Vora |
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Designation : |
Director |
|
Address : |
47-A, Firpose Bhulabhai Desai Road, Mumbai - 400 026, Maharashtra,
India |
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Date of Birth/Age : |
24.11.1930 |
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Date of Appointment : |
01.03.2001 |
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Din No.: |
00727351 |
KEY EXECUTIVES
|
Name : |
Ms. Suvarna Gaikwad |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Dipak Kantilal
Vora |
13750 |
55.00 |
|
Rahul Dipak Vora |
10000 |
40.00 |
|
Smita Dipak Vora |
1250 |
5.00 |
|
Total |
25,000 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer And Exporter Of A Hygienically Formulated
Pharmaceutical Drugs and Formulations. |
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Products : |
Pharmaceutical Drugs |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Pharmaceutical Drugs |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cheque and Credit (30 days) |
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Purchasing : |
Cheque and Credit (30 days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
V. D. Lagu and Company Chartered Accountants |
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Address : |
3 Vaikhari, Ground Floor, Near Parle Tilak Vidyalaya, Hanuman Road,
Vile Parle East, Mumbai – 400057, Maharashtra, India |
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PAN No.: |
AAAPL1300J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs. 100/-
each |
Rs. 2.500
Millions |
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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 |
|
|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
62.049 |
50.868 |
41.485 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
64.549 |
53.368 |
43.985 |
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
3.821 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
5.993 |
11.418 |
9.301 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
9.814 |
11.418 |
9.301 |
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(4)
Current Liabilities |
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|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
51.692 |
36.034 |
30.343 |
|
(c) Other current
liabilities |
7.309 |
4.080 |
7.797 |
|
(d) Short-term
provisions |
5.500 |
0.000 |
9.840 |
|
Total Current
Liabilities (4) |
64.501 |
40.114 |
47.980 |
|
|
|
|
|
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TOTAL |
138.864 |
104.900 |
101.266 |
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II.
ASSETS |
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|
(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
13.102 |
10.808 |
9.123 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
13.102 |
10.808 |
9.123 |
|
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|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
10.909 |
8.500 |
2.500 |
|
(b)
Inventories |
23.141 |
11.313 |
27.294 |
|
(c) Trade
receivables |
46.911 |
39.523 |
31.671 |
|
(d) Cash
and cash equivalents |
12.633 |
9.316 |
5.282 |
|
(e)
Short-term loans and advances |
0.363 |
0.599 |
0.593 |
|
(f) Other
current assets |
31.805 |
24.841 |
24.803 |
|
Total
Current Assets |
125.762 |
94.092 |
92.143 |
|
|
|
|
|
|
TOTAL |
138.864 |
104.900 |
101.266 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
SALES |
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TOTAL |
NA |
NA |
NA |
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|
Less |
EXPENSES |
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TOTAL |
NA |
NA |
NA |
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.315 |
11.969 |
9.293 |
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.489 |
2.150 |
1.709 |
|
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|
PROFIT/
(LOSS) BEFORE TAX |
16.826 |
9.818 |
7.583 |
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|
Less |
TAX |
NA |
NA |
NA |
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|
PROFIT/
(LOSS) AFTER TAX |
NA |
NA |
NA |
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|
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|
Earnings /
(Loss) Per Share (Rs.) |
NA |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.12 |
9.36 |
8.65 |
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.18 |
0.20 |
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|
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|
Debt Equity Ratio (Total Debt/Networth) |
|
0.06 |
0.00 |
0.00 |
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|
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|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95 |
2.35 |
1.92 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
41.485 |
50.868 |
62.049 |
|
Net
worth |
43.985 |
53.368 |
64.549 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
3.821 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
3.821 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.059 |
LOCAL AGENCY FURTHER INFORMATION
NOTE: CURRENT MATURITY LONG TERM DEBT DETAILS ARE NOT AVAILABLE.
|
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 |
No |
|
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 |
No |
|
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 |
------------ |
|
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 |
No |
Note: Registered office of the company has been
shifted from 212 Majestic Shopping Centre, J S S Road, Girgaon, Mumbai –
400004, Maharashtra, India to the present address w.e.f. 30.07.2012
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10010735 |
22/01/2014 * |
58,381,000.00 |
IDBI Bank Limited |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
B96040506 |
|
2 |
10083587 |
11/09/2012 * |
47,200,000.00 |
IDBI Bank Limited |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
B59393363 |
* Date of charge modification
FIXED ASSETS
- Land
- Factory
Building
- Plant and
Machinery
- Air Handling
System
- Motor Car
- Furniture and
Fixture
- Office
Equipments
- Cycle
- Computer
- Office
Equipments
- Glass
Equipments
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. 62.09 |
|
|
1 |
Rs. 91.06 |
|
Euro |
1 |
Rs. 66.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.