MIRA INFORM REPORT
|
Report No. : |
336888 |
|
Report Date : |
14.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BILCARE LIMITED |
|
|
|
|
Formerly Known
As : |
BI LIMITED |
|
|
|
|
Registered
Office : |
Gat No. 1028, At Village Shiroli, Taluka Khed, Rajgurunagar, Pune –
410505, Maharashtra |
|
Tel No.: |
91-20-24456111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
01.07.1987 |
|
|
|
|
Com. Reg. No.: |
11-043953 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.235.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L28939PN1987PLC043953 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEB02448F |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Public Limited Liability Company. The Company’s Shares are
Listed on the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing of specialty
pharmaceutical packaging barrier films, also provides pharmaceutical research
services, clinical services and packaging systems and material. |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having moderate track record. It was incorporated in 1987. Subject is engaged in manufacturing of specialty pharmaceutical packaging barrier films, also provides pharmaceutical research services, clinical services and packaging systems and material. The rating reflects modest financial risk profile marked by a sharp decline in the turnover and heavy loss incurred by the company during F.Y.2014 and FY 2015. Moreover, it is also to be noted that the company is listed with RBI defaulter and default hefty amount with five major banks namely 1 Andhra Bank 2 Axis Bank and 3 Barclays Bank 4 Corporation Bank 5 Karnataka Bank. However, Business is active. Payments terms .are reported to be slow. The safe company can be considered for business dealings on a fully and secured 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.
EXTERNAL AGENCY RATING
INDIA RATING (26th May 2015)
India rating has withdrawn Bilcare Limited’s (D) (Suspended) Long term
issuer rating:
The rating has been withdrawn due to lack of adequate information. India
rating will no longer provide rating or analytical coverage for Bilcare.
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
Suit-filed accounts of Rs. 10.000 Million and above as on 14-August-2015
Search details
Borrower Containing - BILCARE LIMITED
|
BANK |
BRANCH |
QUARTER |
BORROWER NAME |
DIRECTORS NAME |
OUTSTANDING AMOUNT
( RS. IN MILLION) |
|
ANDHRA BANK |
PIMPRI |
31-03-15 |
BILCARE LIMITED |
VAISHALI CHINTAMANI THITE, VOLKER HEINZ HUELCK, RAJENDRA BHAGIRATH TAPADIA, RAGHUNATH VITTHAL CHAUDHARI, PRAFUL RAMCHANDRA NAIK, MOHAN HARAKCHAND BHANDARI, SULABHA RAVINDRA SAWANT, JYOTI SWAPNIL BACHUTE, SUNIL LAXMAN KHAMBE |
5,79.800 |
|
AXIS BANK LTD |
CORPORATE BANKING,PUNE [MH] |
31-03-15 |
BILCARE LIMITED |
Mohan H. Bhandari, Praful Naik, Rajendra Tapadia, Pawan Ghanshyamdas Chandak |
8,13.600 |
|
AXIS BANK LTD |
CORPORATE BANKING,PUNE [MH] |
30-06-15 |
BILCARE LIMITED |
Mohan H. Bhandari, Praful Naik, Rajendra Tapadia, Pawan Ghanshyamdas Chandak |
8,13.600 |
|
BARCLAYS BANK PLC |
CEEJAY HOUSE |
31-12-13 |
Bilcare Limited |
Mohan H. Bhandari, Volker Huelck, Kalyani Gandhi, Rajendra Tapadia, Arthur Carty, Robin Banerjee, Praful R. Naik |
28.000 |
|
BARCLAYS BANK PLC |
CEEJAY HOUSE |
31-03-14 |
Bilcare Limited |
Praful R. Naik, Robin Banerjee, Mohan H. Bhandari, Rajendra Tapadia, Volker Huelck, Kalyani Gandhi, Arthur Carty |
29.015 |
|
BARCLAYS BANK PLC |
CEEJAY HOUSE |
30-06-14 |
Bilcare Limited |
Praful R. Naik, Robin Banerjee, Mohan H. Bhandari, Rajendra Tapadia, Volker Huelck, Kalyani Gandhi, Arthur Carty |
29.015 |
|
BARCLAYS BANK PLC |
CEEJAY HOUSE |
30-09-14 |
Bilcare Limited |
Praful R. Naik, Robin Banerjee, Mohan H. Bhandari, Rajendra Tapadia, Volker Huelck, Kalyani Gandhi, Arthur Carty |
29.015 |
|
BARCLAYS BANK PLC |
CEEJAY HOUSE |
31-12-14 |
Bilcare Limited |
Praful R. Naik, Robin Banerjee, Mohan H. Bhandari, Rajendra Tapadia, Volker Huelck, Kalyani Gandhi, Arthur Carty |
290.15 |
|
CORPORATION BANK |
PUNE-IFB |
31-03-14 |
BILCARE LIMITED |
RAJENDRA BHAGIRATH, PRAFUL RAMACHANDRA, PAWAN GHANASHYAMDAS, ANIL ANANT TIKEKAR, MOHAN HARAKCHAND BH |
500.000 |
|
CORPORATION BANK |
PUNE-IFB |
30-06-14 |
BILCARE LIMITED |
RAJENDRA BHAGIRATH, PRAFUL RAMACHANDRA, PAWAN GHANASHYAMDAS, ANIL ANANT TIKEKAR, MOHAN HARAKCHAND BH |
500.000 |
|
CORPORATION BANK |
PUNE-IFB |
30-09-14 |
BILCARE LIMITED |
RAJENDRA BHAGIRATH, PRAFUL RAMACHANDRA, PAWAN GHANASHYAMDAS, ANIL ANANT TIKEKAR, MOHAN HARAKCHAND BH |
500.000 |
|
KARNATAKA BANK LTD. |
MUMBAI CORPORATE FINANCE |
31-03-15 |
BILCARE LIMITED |
MOHAN H BHANDARI, DR.PRAFUL NAIK, RAJENDRA TAPADIA |
500.000 |
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Anil Tikekar |
|
Designation : |
Company Secretary and CFO |
|
Contact No.: |
91-20-30257700 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Gat No. 1028, At Village Shiroli, Taluka Khed, Rajgurunagar, Pune –
410505, Maharashtra, India |
|
Tel. No.: |
91-20-24456111/ 24456333 91-2135-304200 |
|
Fax No.: |
91-20-24456333 91-2135-224068 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
601, |
|
Tel. No.: |
91-20-30257700 |
|
Fax No.: |
91-20-30257701 |
|
E-Mail : |
|
|
|
|
|
Head Office: |
6th Floor, ICC Tower, B Wing, Pune – 411 016, Maharashtra, India |
|
Tel. No. |
91-20-30257700 |
|
Fax No.: |
91-20-30257700 |
|
|
|
|
Factory 2 : |
25, MWDC, Chakan, Pune-410501, Maharashtra, India |
|
|
|
|
Overseas Office : |
Located at
|
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Mohan H. Bhandari |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Dr. Praful R. Naik |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Rajendra B. Tapadia |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Pawan G. Chandak |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Avinash S. Joshi |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Anil Tikekar |
|
Designation : |
Company Secretary and CFO |
SHAREHOLDING PATTERN
As on 30.06.2015
|
Category
of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total
No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
7061611 |
32.94 |
|
|
7061611 |
32.94 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
7061611 |
32.94 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
10000 |
0.05 |
|
|
10000 |
0.05 |
|
|
|
|
|
|
1127174 |
5.26 |
|
|
|
|
|
|
5468188 |
25.51 |
|
|
5518225 |
25.74 |
|
|
2250225 |
10.50 |
|
|
44634 |
0.21 |
|
|
6092 |
0.03 |
|
|
359127 |
1.68 |
|
|
75000 |
0.35 |
|
|
1761620 |
8.22 |
|
|
650 |
0.00 |
|
|
3102 |
0.01 |
|
|
14363812 |
67.01 |
|
Total Public shareholding (B) |
14373812 |
67.06 |
|
Total (A)+(B) |
21435423 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
2109808 |
0.00 |
|
|
2109808 |
0.00 |
|
Total (A)+(B)+(C) |
23545231 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of specialty
pharmaceutical packaging barrier films, also provides pharmaceutical research
services, clinical services and packaging systems and material. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
2000 (Approximately) |
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Bankers : |
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Facilities : |
NOTE (AS ON
31.03.2014)
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
R.L.Rathi and Company Chartered Accountants |
|
Address : |
Pune, |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
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|
Holding Company (AS
ON 31.03.2014): |
· Bilcare Singapore Private Limited · Bilcare Mauritius Limited |
|
|
|
|
Ultimate holding
Company (AS ON 31.03.2014): |
· Bilcare Limited |
|
|
|
|
Subsidiaries(AS ON
31.03.2014): |
·
Bilcare GmbH ·
Bilcare Inc ·
Bilcare Farmacseutica Embalagem E Pesquisas
Limited ·
Bilcare Switzerland SA ·
Bilcare Technologies Singapore Private
Limited ·
Bilcare Technologies Italia Srl. ·
Bilcare Research AG ·
Bilcare Germany Management GmbH ·
Bilcare Germany GmbH & Co KG ·
Films Germany Holding GmbH ·
Bilcare Agency GmbH ·
Bilcare Research Srl. ·
Bilcare Fucine Srl. (For Part of the F.Y) ·
Bilcare Research Inc ·
Bilcare Research GmbH ·
Caprihans India Limited |
|
|
|
|
Joint Venture (AS
ON 31.03.2014): |
|
|
|
|
|
Wholly owned
subsidiary (AS ON 31.03.2014): |
|
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed &
Paid-up Capital : Rs. 235.500
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/-each |
Rs.400.000 Million |
|
|
|
|
|
|
5000000 |
Preference Shares |
Rs.10/-each |
Rs.50.000 Million |
|
|
Total |
|
Rs.450.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23545231 |
Equity Shares |
Rs.10/-each |
Rs.235.452
Million |
Terms / rights
attached to equity shares
The Company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
During the year ended 31 March 2014, the amount of per share dividend recognized as distributions to equity shareholders was Rs. NIL (31 March 2013: Rs. NIL).
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
Details of
Shareholders holding more than 5% shares in the Company
|
Particulars |
31.03.2014 |
|
|
No. of Shares |
% of holding |
|
|
Mohan H. Bhandari |
6253489 |
26.56% |
|
Deutsche Bank Trust Company Americas (Custodian of shares against GDR’s issued) |
2109808 |
8.96% |
|
Monument Pte. Limited |
1761620 |
7.48% |
|
Rakesh R. Jhunjhunwala |
1735425 |
7.37% |
|
Nutan M. Bhandari |
1425122 |
6.05% |
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
235.500 |
235.452 |
235.452 |
|
(b) Reserves & Surplus |
6434.700 |
8312.348 |
9444.609 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
6670.200 |
8547.800 |
9680.061 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9492.300 |
10087.502 |
11554.585 |
|
(b) Deferred tax liabilities
(Net) |
723.000 |
1025.502 |
1174.851 |
|
(c) Other long term
liabilities |
990.500 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.500 |
6.202 |
12.725 |
|
Total
Non-current Liabilities (3) |
11219.300 |
11119.206 |
12742.161 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2022.000 |
2191.809 |
2254.731 |
|
(b) Trade payables |
374.700 |
312.418 |
707.311 |
|
(c) Other current liabilities |
5492.900 |
4009.091 |
1502.504 |
|
(d) Short-term provisions |
543.700 |
182.309 |
-17.370 |
|
Total
Current Liabilities (4) |
8433.300 |
6695.627 |
4447.176 |
|
|
|
|
|
|
TOTAL |
26322.800 |
26362.633 |
26869.398 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
12282.163 |
6009.200 |
|
(ii) Intangible Assets |
|
265.578 |
357.516 |
|
(iii) Capital work-in-progress |
|
1816.069 |
7851.342 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
6824.300 |
6831.314 |
6943.669 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
32.800 |
47.403 |
52.432 |
|
(e) Other Non-current assets |
417.300 |
496.099 |
545.097 |
|
Total
Non-Current Assets |
20694.100 |
21738.626 |
21759.256 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1415.100 |
1139.897 |
1387.253 |
|
(c) Trade receivables |
1015.300 |
1047.711 |
1014.212 |
|
(d) Cash and cash equivalents |
170.100 |
255.274 |
324.041 |
|
(e) Short-term loans and
advances |
3028.200 |
2181.125 |
2384.636 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5628.700 |
4624.007 |
5110.142 |
|
|
|
|
|
|
TOTAL |
26322.800 |
26362.633 |
26869.398 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
3313.300 |
4013.520 |
7274.304 |
|
|
Other Income |
42.700 |
(68.788) |
(7.855) |
|
|
TOTAL |
3356.000 |
3944.732 |
7266.449 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2438.400 |
2640.910 |
4777.817 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(31.000) |
81.357 |
(32.270) |
|
|
Employees benefits
expense |
241.600 |
192.916 |
263.700 |
|
|
Other expenses |
454.100 |
454.591 |
434.871 |
|
|
TOTAL |
3103.100 |
3369.774 |
5444.118 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
252.900 |
574.958 |
1822.331 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1318.400 |
1470.382 |
1024.944 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
(1065.500) |
(895.424) |
797.387 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1055.200 |
678.062 |
419.953 |
|
|
|
|
|
|
|
Less/ Add |
PRIOR PERIOD EXPENSES |
-- |
2.463 |
30.936 |
|
|
|
|
|
|
|
Less/ Add |
EXCEPTIONAL ITEMS |
(0.900) |
(374.875) |
0.000 |
|
|
|
|
|
|
|
Less/ Add |
EXTRAORDINARY ITEMS |
-- |
0.000 |
231.246 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(2119.800) |
(1201.074) |
115.252 |
|
|
|
|
|
|
|
Less |
TAX |
(282.900) |
13.497 |
49.470 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(1836.900) |
(1214.571) |
65.782 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
876.010 |
584.933 |
|
|
Lease Rent |
NA |
0.000 |
262.500 |
|
|
Dividend (from Joint
venture) |
NA |
0.000 |
27.560 |
|
|
TOTAL EARNINGS |
NA |
876.010 |
874.993 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw
Material |
NA |
1187.048 |
1839.814 |
|
|
TOTAL IMPORTS |
NA |
1187.048 |
1839.814 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(78.00) |
(51.58) |
2.79 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
2621.433 |
2503.415 |
|
Net cash from operating activities |
NA |
2147.021 |
1435.056 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
(55.44) |
(30.26) |
0.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.63 |
14.33 |
25.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.87) |
(6.78) |
0.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.32) |
(0.14) |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.73 |
1.44 |
1.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67 |
0.69 |
1.15 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
Market Value |
Rs.48.05/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
235.452 |
235.452 |
235.500 |
|
Reserves & Surplus |
9444.609 |
8312.348 |
6434.700 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
9680.061 |
8547.800 |
6670.200 |
|
|
|
|
|
|
long-term borrowings |
11554.585 |
10087.502 |
9492.300 |
|
Short term borrowings |
2254.731 |
2191.809 |
2022.000 |
|
Total
borrowings |
13809.316 |
12279.311 |
11514.300 |
|
Debt/Equity
ratio |
1.427 |
1.437 |
1.726 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7274.304 |
4013.520 |
3313.300 |
|
|
|
(44.826) |
(17.447) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7274.304 |
4013.520 |
3313.300 |
|
Profit |
65.782 |
(1214.571) |
(1836.900) |
|
|
0.90% |
(30.26%) |
(55.44%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS:
|
HIGH COURT OF
BOMBAY |
|||||||||||||||||||||||||||||||
|
CASE DETAILS BENCH: BOMBAY |
|||||||||||||||||||||||||||||||
|
Presentation
Date:- 23/01/2015 |
|||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
|
Petitioner: DHANLAXMI
BANK LIMITED Respondent: BILCARE LIMITED CIN L28939PN1987PLC043953 Petn. Adv :LEGAL ASSOCIATES (I7138) Resp.
Adv.: O(O) District: OUTSIDE
MAHARASHTRA |
|||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
|
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION
|
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10574152 |
10/06/2015 |
449,200,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA
ROAD, CONTONMENT, PUNE, MAHARA |
C56049745 |
|
2 |
10529795 |
26/05/2015 * |
252,500,000.00 |
LAKSHMI VILAS BANK LIMITED |
CTS NO. 998 A J
CRYSTAL SHUKRAWAR PETH,, SWARGATE |
C55477509 |
|
3 |
10572825 |
15/09/2014 |
140,000,000.00 |
THE SOUTH INDIAN BANK LTD |
289 EMCA HOUSE S B
SINGH ROAD, FORT, MUMBAI, MAHA |
C55394886 |
|
4 |
10572819 |
15/09/2014 |
1,328,908,000.00 |
THE SOUTH INDIAN BANK LTD |
289 EMCA HOUSE S B SINGH
ROAD, FORT, MUMBAI, MAHA |
C55392948 |
|
5 |
10490111 |
29/03/2014 |
440,000,000.00 |
IDBI BANK LIMITED |
201, PRIDE HOUSE,
2ND FLOOR,UNIVERED,SHIVAJINAGAR, |
C03738713 |
|
6 |
10483108 |
23/01/2014 |
623,200,000.00 |
LAKSHMI VILAS BANK LIMITED |
CTS NO. 998 A J
CRYSTAL SHUKRAWAR PETH,, SWARGATE |
B98685068 |
|
7 |
10381902 |
24/09/2012 |
70,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B60228418 |
|
8 |
10340125 |
07/02/2012 |
3,500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR,
BOMBAY DYEING MILLS COMPOUND, |
B34099549 |
|
9 |
10340325 |
07/02/2012 |
10,798,900,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR,
BOMBAY DYEING MILLS COMPOUND, |
B34190553 |
|
10 |
10329545 |
19/12/2011 |
500,000,000.00 |
JAMMU AND KASHMIR BANK LIMITED |
A-17 RING ROAD, LAJPAT
NAGAR- IV, NEW DELHI, DELH |
B29817624 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loans |
|
108.820 |
|
Term Loan from Banks |
|
500.000 |
|
Others |
|
89.346 |
|
SHORT TERM
BORROWINGS |
|
|
|
Fixed deposits from Public |
|
1656.827 |
|
Loans and advances from related parties |
|
50.000 |
|
Total |
NA |
2404.993 |
NOTE: (AS ON
31.03.2014)
- Deferred sales tax loan is interest free and is repayable in yearly installments till 2023.
- The other unsecured loan carries interest @ 3 % p.a. and repayable in 10 annual equal installments starting from 2014.
- Fixed deposits from public carries interest @ 11% to 12% p.a.
FIXED ASSETS
Tangible Assets
- Land
- Building
- Plant and
Machinery
- Vehicles
- Electric
Fitting
- Furniture and
Fixture
- Office
Equipment
- Tools and
Equipments
Intangible Assets
- Patent and
Trademarks
- Other
Intangible Assets
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.64.92 |
|
|
1 |
Rs.101.44 |
|
Euro |
1 |
Rs.72.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
--- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
YES |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
15 |
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.