MIRA INFORM REPORT
|
Report No. : |
352858 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
UTTAM BIOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
194, 10th Khetwadi, Main Road, Mumbai-400004, Maharashtra |
|
Tel. No.: |
91-22-66336920/ 21/ 22 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
12.06.1997 |
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Com. Reg. No.: |
11-108723 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.500 Million |
|
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|
|
CIN No.: [Company Identification
No.] |
U24230MH1997PTC108723 |
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|
|
|
IEC No.: |
0303082356 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU02465B |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACU2699E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
To manufacture, formulate, process, refine, distill, Herbal products, Compound, tablet, acquire, import, export, buy, sell or otherwise deal in pharmaceuticals, drugs and medicines antibiotic, bacteriological and biological products and preparations and supplies of insecticides, pesticides, adhesives, disinfectants, sprays, surgical, pharmaceutical and health care supplies, salves, ointments, powders. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
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 |
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|
|
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Payment Behaviour : |
Unknown |
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|
|
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its financials with the
government department after 2010. Further, the documents related to
financials for the year ending 2010, was not available from the Registrar of
Companies. Further, Mr. Ravindra Shah (Chief Executive Officer) denied to provide
any information about the company to us. Payment terms are not known. In view of non-availability of latest financial details, the concern
can be considered for business dealings with fully safe 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Ravindra Shah |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9920821917 |
|
Date : |
03.12.2015 |
LOCATIONS
|
Registered Office : |
194, 10th Khetwadi, Main Road, Mumbai-400004, Maharashtra, India |
|
Tel. No.: |
91-22-66336920/ 21/ 22 |
|
Fax No.: |
91-22-66336923 |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Dhawal Shah |
|
Designation : |
Director |
|
Address : |
Mangal Bhuvan, 2nd Floor, 109 V.P. Road, Mumbai – 400004, Maharashtra,
India |
|
Date of Appointment : |
29.04.2002 |
|
DIN No.: |
01681502 |
|
|
|
|
Name : |
Karishma Ravindra Shah |
|
Designation : |
Director |
|
Address : |
Mangal Bhuvan, 2nd Floor, 109 V.P. Road, Mumbai – 400004,
Maharashtra, India |
|
Date of Appointment : |
29.04.2002 |
|
DIN No.: |
01681507 |
KEY EXECUTIVES
|
Name : |
Mr. Ravindra Shah |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
No. of Shares |
%age |
|
Dhawal Ravindra Shah |
63750 |
25.50 |
|
Karishma Ravindra Shah |
63750 |
25.50 |
|
Dilip Ramdas Pawar |
31250 |
12.50 |
|
Jyoti Dilip Pawar |
31250 |
12.50 |
|
Padmini Ramdas Pawar |
31250 |
12.50 |
|
Pranamksha Sunil Pawar |
28750 |
11.50 |
|
Total |
250000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2010
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
51.00 |
|
Others |
|
49.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To manufacture, formulate, process, refine, distill, Herbal products, Compound, tablet, acquire, import, export, buy, sell or otherwise deal in pharmaceuticals, drugs and medicines antibiotic, bacteriological and biological products and preparations and supplies of insecticides, pesticides, adhesives, disinfectants, sprays, surgical, pharmaceutical and health care supplies, salves, ointments, powders. (Registered Activity) |
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Products : |
Pharmaceuticals Product Biological Products |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Kotak Mahindra Prime Limited |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Dinesh Mehta and Associates Chartered Accountants |
|
Address : |
122, Dr Mahimtura Marg, 2nd Floor, Room No. 20, Mumbai – 400004, Maharashtra, India |
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Tel. No.: |
91-22-23840609 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AESPM3938B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on: 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.500 |
2.500 |
0.957 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.216 |
0.187 |
0.600 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.716 |
2.687 |
1.557 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.210 |
1.893 |
1.050 |
|
|
2] Unsecured Loans |
8.573 |
8.705 |
3.437 |
|
|
TOTAL BORROWING |
11.783 |
10.598 |
4.487 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.499 |
13.285 |
6.044 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
3.114 |
3.515 |
3.898 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.219
|
7.607 |
4.218 |
|
|
Sundry Debtors |
9.702
|
6.809 |
4.479 |
|
|
Cash & Bank Balances |
0.175
|
0.311 |
0.975 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.328
|
0.194 |
0.111 |
|
Total
Current Assets |
20.424
|
14.921 |
9.783 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Other Current Liabilities |
7.554
|
5.474 |
8.056 |
|
|
Provisions |
1.971
|
0.222 |
0.187 |
|
Total
Current Liabilities |
9.525
|
5.696 |
8.243 |
|
|
Net Current Assets |
10.899
|
9.225 |
1.540 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.486 |
0.545 |
0.606 |
|
|
|
|
|
|
|
|
TOTAL |
14.499 |
13.285 |
6.044 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
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|
|
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Gross Income |
|
|
|
|
|
|
Other Income |
|
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|
|
|
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TOTAL |
NA |
33.650 |
20.661 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
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TOTAL |
NA |
32.522 |
19.658 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
1.128 |
1.003 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
0.800 |
0.812 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
0.328 |
0.191 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.223 |
0.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.029 |
0.105 |
0.003 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.599 |
0.596 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
0.704 |
0.599 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.42 |
NA |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
NA |
0.31 |
0.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
1.73 |
1.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.12 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.34 |
3.94 |
2.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.04 |
0.84 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2007 |
31.03.2008 |
31.03.2009 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.957 |
2.500 |
2.500 |
|
Reserves & Surplus |
0.600 |
0.187 |
0.216 |
|
Net
worth |
1.557 |
2.687 |
2.716 |
|
|
|
|
|
|
Secured Loans |
1.050 |
1.893 |
3.210 |
|
Unsecured Loans |
3.437 |
8.705 |
8.573 |
|
Total
borrowings |
4.487 |
10.598 |
11.783 |
|
Debt/Equity
ratio |
2.882 |
3.944 |
4.338 |
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 |
No |
|
17] |
Details of sister concerns |
No |
|
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 |
No |
|
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 |
||||||
|
Bench:- Bombay |
||||||
|
Presentation
Date:- 30/09/2014 |
||||||
|
Lodging No. : |
EXAL/1788/2014 |
Failing Date:- |
30/09/2014 |
Reg.
No.:- |
EXA/1238/2014 |
|
|
Reg.
Date:- |
24/11/2014 |
|
|
|
|
|
|
Petitioner:- |
RELIANCE CAPITAL LIMITED |
Respondent:- |
UTTAM BIOTECH PRIVATE LIMITED AND 2 ORS |
|||
|
Petn.Adv:- |
ASHISH AGGRAWAL (I8996) |
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|
|||
|
District:- |
MUMBAI |
|||||
|
Bench:- |
SINGLE |
Category:- |
EXECUTION APPLICATIONS. |
|||
|
Status:- |
Pre-Admission |
Stage:- |
-- |
|||
|
Act. : |
Code of Civil Procedure 1908 |
|
|
|||
UNSECURED LOAN
(Rs.
In Million)
|
Particular |
As on 31.03.2009 |
As on 31.03.2008 |
|
From Directors and members |
3.922 |
6.422 |
|
From others |
4.651 |
2.283 |
|
|
|
|
|
Total |
8.573 |
8.705 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10062680 |
29/09/2009 * |
4,500,000.00 |
UNION BANK OF INDIA |
PEDDAR ROAD BRANCH, INDIA HOUSE, OOMER PARK ESTATE, PEDDAR ROAD,
MUMBAI, Maharashtra - 400036, INDIA |
A72437296 |
* Date of charge modification
FIXED ASSETS
- Card Scanner
- Computers
- Electrical Fittings
- Furniture and Fixtures
- Laboratory Equipment
- Land and Development
- Mobile Phone
- Plant and Machinery
- Motor Car
- Nursery Shed
- Planting Materials
- Water Source Pump and Pipe
- Office 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.66.61 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.