MIRA INFORM REPORT

Report No. :	347286
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	CADMACH MACHINERY COMPANY PRIVATE LIMITED
Registered Office :	16, Azad Society, Ambawadi, Ahmedabad – 380015, Gujarat
Tel. No.:	91-79-25841491
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	06.09.1973
Com. Reg. No.:	04-002373
Capital Investment / Paid-up Capital :	Rs.2.220 Million
CIN No.: [Company Identification No.]	U68186GJ1973PTC002373
IEC No.:	0888018011
TAN No.: [Tax Deduction & Collection Account No.]	AHMC01308G
PAN No.: [Permanent Account No.]	AAACC6242R
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Pharmaceutical Machineries, Spare Parts, Punches and Dies.(Confirmed by Management)
No. of Employees :	615 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 479000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 1973 having good track. Available financial indicates sound financial risk profile marked by healthy net worth base along with comfortable liquidity position and favourable gap between trade payables and trade receivables. Further, the rating also takes into consideration good profit margin of the company. Trade relations are reported as fair. Business is active. Payments terms are reported as regular and as per commitment. In view of long track record and sound financial base, 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long term bank facilities: (A-)
Rating Explanation	Adequate degree of safety and carry low credit risk.
Date	23.10.2015

Rating Agency Name	CARE
Rating	Short term bank facilities: (A2+)
Rating Explanation	Strong degree of safety and carry low credit risk.
Date	23.10.2015

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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Mayank Kundar
Designation :	Finance Manager
Contact No.:	91-79-25841491
Date :	05.11.2015

LOCATIONS

Registered Office :	16, Azad Society, Ambawadi, Ahmedabad – 380 015, Gujarat, India
Tel. No.:	91-79-26767467
Fax No.:	91-79-26868337
E-Mail :	upen.shah@zyduscadila.com finace@cadmach.com
Website :	http://www.cadmach.com
Head Office/ Factory :	Plot No.3604 and 3605, GIDC Industrial Estate, Phase IV, Vatva, Ahmedabad – 382 445, Gujarat, India
Tel. No.:	91-79-25841491/ 92/ 93/ 25841717/ 53
Fax No.:	91-79-25842602
E-Mail :	info@cadmach.com sales@cadmach.com upen.shah@zyduscadila.com exports@cmcmach.com
Location :	Owned
Sales Offices:	Located at: · Bangalore · Chennai · Hyderabad · Kolkata · Mumbai · New Delhi
International Sales Offices :	Located at: · North America · Europe

DIRECTORS

AS ON 31.03.2015

Name :

Mr. Mukesh Raojibhai Patel

Designation :

Whole-Time Director

Address :

293, Lane No. 16, Sector No.1, Satyagrah Chhavni, Near. Bhavnirzar, Jodhpur Tekra, Ahmedabad - 380051, Gujarat, India

Date of Birth/Age :

13.09.1947

Date of Appointment :

01.04.2009

PAN No.:

AFUPP4142D

DIN No.:

00032104

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U73100GJ2004PLC044669	CLIANTHA RESEARCH LIMITED	Director	31/12/2007	30/08/2004	-	Active	NO
2	U68186GJ1973PTC002373	CADMACH MACHINERY COMPANY PRIVATE LIMITED	Whole-time director	01/04/2009	01/11/2005	-	Active	NO
3	L15201GJ1994PLC023490	ZYDUS WELLNESS LIMITED	Director	29/09/2006	27/07/2006	27/04/2009	Active	NO
4	U24233GJ2007PTC050538	MABS BIOTECH PRIVATE LIMITED	Nominee director	16/04/2007	16/04/2007	-	Active	NO
5	U85110GJ2008PTC052902	ZYDUS HOSPITALS AND MEDICAL RESEARCH PRIVATE LIMITED	Additional director	08/05/2008	08/05/2008	-	Amalgamated	NO
6	U70101GJ2009PTC056074	ZANDRA INFRASTRUCTURE PRIVATE LIMITED	Director	06/02/2009	06/02/2009	-	Converted to LLP and dissolved	NO
7	U73100GJ2006PLC048915	BAAP DIAGNOSTICS LIMITED	Additional director	19/06/2012	19/06/2012	-	Amalgamated	NO
8	AAC-4952	KARMIC LIFESCIENCES LLP	Designated Partner	23/07/2014	23/07/2014	-	Active	NO

Name :

Mr. Vinitbhai Jayantbhai Khambhatta

Designation :

Whole-Time Director

Address :

44, Jawahar Nagar, Near. Anjali Cinema, Ellisbridge, Ahmedabad - 380007, Gujarat, India

Date of Birth/Age :

05.08.1961

Qualification :

B. Com

Experience :

20 Years

Date of Appointment :

16.02.1990

DIN No.:

00032664

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U68186GJ1973PTC002373	CADMACH MACHINERY COMPANY PRIVATE LIMITED	Whole-time director	16/02/1990	16/02/1990	-	Active	NO
2	U51909GJ1995PTC026417	KEVIN PROCESS TECHNOLOGIES PRIVATE LIMITED	Director	21/06/1995	21/06/1995	-	Active	NO
3	U29120GJ1999PTC036177	VAC-U-MAX ASIA PRIVATE LIMITED	Director	22/06/1999	22/06/1999	-	Active	NO
4	U72200GJ2000PTC038100	KEVIN TECHNOLOGIES PRIVATE LIMITED	Director	29/05/2000	29/05/2000	-	Active	NO

Name :

Mr. Jayant Veljibhai Khambhatta

Designation :

Managing Director

Address :

44, Jawahar Nagar, Near. Anjali Cinema, Ellisbridge, Ahmedabad - 380007, Gujarat, India

Date of Birth/Age :

07.03.1930

Date of Appointment :

01.07.1974

DIN No.:

00032676

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U68186GJ1973PTC002373	CADMACH MACHINERY COMPANY PRIVATE LIMITED	Managing director	01/07/1974	01/07/1974	-	Active	NO
2	U51909GJ1995PTC026417	KEVIN PROCESS TECHNOLOGIES PRIVATE LIMITED	Director	21/06/1995	21/06/1995	-	Active	NO
3	U29120GJ1999PTC036177	VAC-U-MAX ASIA PRIVATE LIMITED	Director	22/06/1999	22/06/1999	-	Active	NO
4	U72200GJ2000PTC038100	KEVIN TECHNOLOGIES PRIVATE LIMITED	Director	29/05/2000	29/05/2000	-	Active	NO
5	U29297GJ2002PTC041001	KAMBERT MACHINERY COMPANY PRIVATE LIMITED	Director	23/07/2002	23/07/2002	-	Active	NO

Name :

Mr. Pankaj Ramanbhai Patel

Designation :

Director

Address :

16. Azad Society, Ambawadi, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

16.03.1953

Date of Appointment :

01.12.2008

DIN No.:

00131852

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24231GJ1973PLC002286	CADILA LABORATORIES PRIVATE LIMITED	Director	09/03/1978	09/03/1978	-	Active	NO
2	U65910GJ1980PTC004056	PRIPAN INVESTMENT PRIVATE LIMITED	Director	01/12/1980	01/12/1980	-	Active	NO
3	U68186GJ1973PTC002373	CADMACH MACHINERY COMPANY PRIVATE LIMITED	Director	01/12/2008	16/02/1990	-	Active	NO
4	U24239MH1991PLC059995	PHARMACEUTICAL BUSINESS GROUP(INDIA) LIMITED	Director	25/01/1991	25/01/1991	16/05/2008	Active	NO
5	L24230GJ1981PLC004878	GUJARAT THEMIS BIOSYN LTD	Director	15/01/1992	15/01/1992	25/10/2008	Active	NO
6	U24231GJ1994PLC023298	ZYDUS PHARMACEUTICALS LIMITED	Director	17/10/1994	17/10/1994	03/01/2013	Amalgamated	NO
7	U65910GJ1994PTC023467	ZYDUS INFRASTRUCTURE PRIVATE LIMITED	Director	31/10/1994	31/10/1994	-	Active	NO
8	L24230GJ1995PLC025878	CADILA HEALTHCARE LIMITED	Managing director	15/05/1995	15/05/1995	-	Active	NO
9	L24231GJ1991PLC015390	VADILAL CHEMICALS LIMITED	Director	01/12/1995	01/12/1995	30/09/2013	Active	NO
10	U24231MH1999PTC119171	ZYDUS TAKEDA HEALTHCARE PRIVATE LIMITED	Nominee director	30/03/1999	30/03/1999	-	Active	NO
11	U85110GJ2000PLC037488	DIALFORHEALTH INDIA LIMITED	Nominee director	06/03/2000	06/03/2000	03/01/2013	Active	NO
12	U24239GJ2000PLC075267	ZYDUS ANIMAL HEALTH LIMITED	Nominee director	27/03/2000	27/03/2000	03/01/2013	Amalgamated	NO
13	U73100GJ2004PLC044669	CLIANTHA RESEARCH LIMITED	Director	30/08/2004	30/08/2004	26/09/2008	Active	NO
14	U73100GJ2005PTC046914	ZYDUS BSV RESEARCH AND DEVELOPMENT PRIVATE LIMITED	Director	25/08/2006	07/04/2006	-	Amalgamated	NO
15	U24230GJ2005PLC046915	Alidac Pharmaceuticals Limited	Director	25/08/2006	07/04/2006	15/03/2008	Active	NO
16	U73100GJ2006PLC048915	BAAP DIAGNOSTICS LIMITED	Nominee director	21/08/2006	21/08/2006	05/07/2012	Amalgamated	NO
17	L31200GJ2004PLC044068	TORRENT POWER LIMITED	Director	28/07/2014	29/09/2006	-	Active	NO
18	U24240GJ1980PLC003670	NIRMA LIMITED	Director	25/09/2007	28/10/2006	-	Active	NO
19	U24233GJ2007PTC050538	MabS BIOTECH Private LIMITED	Nominee director	16/04/2007	16/04/2007	-	Active	NO
20	U24239GJ1982PLC075559	LIVA HEALTHCARE LIMITED	Nominee director	18/04/2007	18/04/2007	14/08/2007	Amalgamated	NO
21	U85110GJ2008PTC052902	ZYDUS HOSPITALS AND MEDICAL RESEARCH PRIVATE LIMITED	Director	13/02/2008	13/02/2008	-	Amalgamated	NO
22	U24233GJ2008PTC054191	ZYDUS HOSPITALS AND HEALTHCARE RESEARCH PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
23	U92410GJ1989GAP012192	KARNAVATI CLUB LIMITED	Director	29/12/2011	21/12/2008	20/03/2014	Active	NO
24	U70101GJ2009PTC056074	ZANDRA INFRASTRUCTURE PRIVATE LIMITED	Director	06/02/2009	06/02/2009	21/02/2009	Converted to LLP and dissolved	NO
25	U24230GJ2009PLC056149	ZYDUS TECHNOLOGIES LIMITED	Director	16/02/2009	16/02/2009	03/01/2013	Active	NO
26	U90000GJ2009PTC056367	WESTERN AHMEDABAD EFFLUENT CONVEYANCE COMPANY PRIVATE LIMITED	Director	16/03/2009	16/03/2009	-	Active	NO
27	L15201GJ1994PLC023490	ZYDUS WELLNESS LIMITED	Director	28/07/2009	27/04/2009	14/07/2014	Active	NO
28	U85110GJ2011PTC064017	ZYDUS HOSPITALS (RAJKOT) PRIVATE LIMITED	Director	11/02/2011	11/02/2011	-	Active	NO
29	U85110GJ2011PTC064016	ZYDUS HOSPITALS (VADODRA) PRIVATE LIMITED	Director	11/02/2011	11/02/2011	-	Active	NO
30	U24233MH2011PTC213118	BAYER ZYDUS PHARMA PRIVATE LIMITED	Director	31/05/2012	28/04/2011	-	Active	NO
31	U40102GJ2008PLC052898	TORRENT ENERGY LIMITED	Director	18/09/2013	17/07/2013	15/07/2014	Amalgamated	NO
32	U99999DL1956NPL002635	FEDERATION OF INDIAN CHAMBER OF COMMERCE AND INDUSTRY.	Director	20/12/2014	20/12/2014	-	Active	NO
33	AAA-2692	ZANDRA INFRASTRUCTURE LLP	Designated Partner	02/11/2010	02/11/2010	-	Active	NO
34	AAB-3962	ZYDUS HOSPITAL LLP	Designated Partner	13/03/2013	13/03/2013	-	Active	NO
35	AAB-8056	ZANDRA HERBS AND PLANTATIONS LLP	Designated Partner	09/10/2013	09/10/2013	-	Active	NO

Name :

Mr. Sharvil Pankajbhai Patel

Designation :

Managing Director

Address :

16, Azad Society, Ambawadi, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

13.10.1978

Date of Appointment :

01.12.2008

DIN No.:

00131995

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L24230GJ1995PLC025878	CADILA HEALTHCARE LIMITED	Managing director	01/04/2012	01/08/1997	-	Active	NO
2	U85110GJ2000PLC037488	DIALFORHEALTH INDIA LIMITED	Nominee director	15/01/2001	15/01/2001	-	Active	NO
3	U65910GJ1980PTC004056	PRIPAN INVESTMENT PRIVATE LIMITED	Director	15/09/2001	15/09/2001	-	Active	NO
4	U68186GJ1973PTC002373	CADMACH MACHINERY COMPANY PRIVATE LIMITED	Managing director	01/12/2008	22/09/2001	-	Active	NO
5	U24239MH1991PLC059995	PHARMACEUTICAL BUSINESS GROUP(INDIA) LIMITED	Director	28/09/2001	28/09/2001	16/05/2008	Active	NO
6	U65910GJ1994PTC023467	ZYDUS INFRASTRUCTURE PRIVATE LIMITED	Director	08/10/2001	08/10/2001	-	Active	NO
7	U24239GJ2000PLC075267	ZYDUS ANIMAL HEALTH LIMITED	Nominee director	11/10/2001	11/10/2001	-	Amalgamated	NO
8	U24231GJ1994PLC023298	ZYDUS PHARMACEUTICALS LIMITED	Director	15/10/2001	15/10/2001	-	Amalgamated	NO
9	U24231GJ1973PLC002286	CADILA LABORATORIES PRIVATE LIMITED	Director	19/04/2003	19/04/2003	-	Active	NO
10	U24233GJ2007PTC050538	MabS BIOTECH Private LIMITED	Nominee director	16/04/2007	16/04/2007	14/10/2014	Active	NO
11	U24239GJ1982PLC075559	LIVA HEALTHCARE LIMITED	Nominee director	18/04/2007	18/04/2007	14/08/2007	Amalgamated	NO
12	U85110GJ2008PTC052902	ZYDUS HOSPITALS AND MEDICAL RESEARCH PRIVATE LIMITED	Director	13/02/2008	13/02/2008	-	Amalgamated	NO
13	U24233GJ2008PTC054191	ZYDUS HOSPITALS AND HEALTHCARE RESEARCH PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
14	U24230GJ2009PLC056149	ZYDUS TECHNOLOGIES LIMITED	Director	16/02/2009	16/02/2009	-	Active	NO
15	U90000GJ2009PTC056367	WESTERN AHMEDABAD EFFLUENT CONVEYANCE COMPANY PRIVATE LIMITED	Director	16/03/2009	16/03/2009	-	Active	NO
16	L15201GJ1994PLC023490	ZYDUS WELLNESS LIMITED	Director	14/07/2014	27/04/2009	-	Active	NO
17	L15140GJ1985PLC007845	ADI FINECHEM LIMITED	Director	30/08/2010	01/04/2010	03/11/2012	Active	NO
18	U85110GJ2011PTC064017	ZYDUS HOSPITALS (RAJKOT) PRIVATE LIMITED	Director	11/02/2011	11/02/2011	-	Active	NO
19	U85110GJ2011PTC064016	ZYDUS HOSPITALS (VADODRA) PRIVATE LIMITED	Director	11/02/2011	11/02/2011	-	Active	NO
20	AAA-2692	ZANDRA INFRASTRUCTURE LLP	Designated Partner	02/11/2010	02/11/2010	-	Active	NO
21	AAB-3962	ZYDUS HOSPITAL LLP	Designated Partner	13/03/2013	13/03/2013	-	Active	NO
22	AAB-8056	ZANDRA HERBS AND PLANTATIONS LLP	Designated Partner	09/10/2013	09/10/2013	-	Active	NO

Name :

Mr. Ketanbhai Jayantbhai Khambhatta

Designation :

Whole-Time Director

Address :

1, Abhishree Residency-II, Rajpath Club Road, Ambli,, Ahmedabad - 380058, Gujarat, India

Date of Birth/Age :

20.01.1970

Qualification :

Diploma in Mechanical Engineering

Experience :

15 Years

Date of Appointment :

01.11.2005

PAN No.:

AFIPK3199K

DIN No.:

00861301

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U51909GJ1995PTC026417	KEVIN PROCESS TECHNOLOGIES PRIVATE LIMITED	Director	21/06/1995	21/06/1995	Active	NO
2	U29120GJ1999PTC036177	VAC-U-MAX ASIA PRIVATE LIMITED	Managing director	22/06/1999	22/06/1999	Active	NO
3	U72200GJ2000PTC038100	KEVIN TECHNOLOGIES PRIVATE LIMITED	Director	29/05/2000	29/05/2000	Active	NO
4	U29297GJ2002PTC041001	KAMBERT MACHINERY COMPANY PRIVATE LIMITED	Director	23/07/2002	23/07/2002	Active	NO
5	U68186GJ1973PTC002373	CADMACH MACHINERY COMPANY PRIVATE LIMITED	Whole-time director	01/11/2005	01/11/2005	Active	NO
6	U29299GJ2008PTC053165	MATCON IBC SOLUTIONS INDIA PRIVATE LIMITED	Director	05/03/2008	05/03/2008	Strike off	NO
7	U24230GJ2013PTC076677	EXPERT PHARMACEUTICALS PRIVATE LIMITED	Director	03/09/2013	03/09/2013	Active	NO
8	U74900GJ2009NPL055842	YPO (GUJARAT)	Director	03/08/2015	03/08/2015	Active	NO

KEY EXECUTIVES

Name :	Mr. Mayank Kundar
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2015

Names of Shareholders	No. of Shares
Jayantilal Veljibhai Khambhatta	1986
Pripan Investment Private Limited	36
TarabenRamanbhai Patel Pankajbhai Ramanbhai Patel Pritiben Pankajbhai Patel (Panchshil Family Trust)	306
Pankajbhai Ramanbhai Patel	51
Pankajbhai Ramanbhai Patel Sharvi Pankajbhai Patel (P. R. Patel – Smaller-HUF)	50
Sharvi Pankajbhai Patel	150
Pritiben Pankajbhai Patel	100
Shardaben Jayantilal Khambhatta	1854
Vinit Jayantilal Khambhatta	1854
Ketan Jayantilal Khambhatta	1854
Pankajbhai Ramanbhai Patel Pritiben Pankabhai Patel (P. R. Patel HUF)	6
Pankajbhai Ramanbhai Patel Pritiben Pankabhai Patel (Ramanbhai B Patel – HUF)	50
Pankajbhai Ramanbhai Patel Pritiben Pankabhai Patel (Prashant Family Trust)	306
Taraben Ramanbhai Patel Pankajbhai Ramanbhai Patel (K. B. Patel Family Trust)	300
Niranjanaben Kanubhai Patel Pankajbhai Ramanbhai Patel (Amit Family Trust)	300
Pankajbhai Ramanbhai Patel (P.R. Patel HUF)	50
Pankajbhai Ramanbhai Patel Taraben Ramanbhai Patel (Pamrat family trust)	2304
Pankajbhai Ramanbhai Patel Pritiben Pankabhai Patel (Ramanbhai B. Patel will Pankaj trust)	3317
Pankajbhai Ramanbhai Patel Pritiben Pankabhai Patel (Zydus Family Trust)	7326
Total	22200

AS ON 25.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	0.79
Other top fifty shareholders	99.21
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Pharmaceutical Machineries, Spare Parts, Punches and Dies.(Confirmed by Management)
Brand Names :	--
Agencies Held :	--
Exports :
Products :	· Pharmaceutical Machineries · Spare Parts · Punches · Dies
Countries :	· European Countries · USA · African Countries · Far East Countries · Asian Countries
Imports :	--
Terms :
Selling :	L/C, Cheque and Credit (30/ 60 Days)
Purchasing :	L/C, Cheque and Credit (30/ 60 Days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

End Users and OEM’s

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

615 (Approximately)

Bankers :

Bank Name:	Bank of Baroda
Branch:	Ashram Road Branch, Ashram Road, Ahmedabad – 380 009, Gujarat, India
Person Name (with Designation):	Mr. P.A Thavani
Contact Number:	91-79-26580173
Name of Account Holder:	Cadmech Machinery Co. Private Limited
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	6 to 7 Years
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Current
Remarks:	Having satisfactory trade record in banking transaction, excellent company, very good they have in market

Facilities :

SECURED LOANS	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
LONG-TERM BORROWINGS
Term Loans from:
Banks	4.819	6.007
SHORT TERM BORROWINGS
Loan repayable on Demand
Working Capital Loan from a Bank	27.924	28.388
Total	32.743	34.395

Auditors :
Name :	Mukesh M. Shah and Company Chartered Accountants
Address :	1^st Floor, H.K. House, Ashram Road, Ahmedabad – 380 009, Gujarat, India
Tel. No.:	91-79-26580549/ 26585814
Fax No.:	91-79-26581236
E-Mail :	mukesh@mmsco.in contact@mmsco.in
Income-tax PAN of auditor or auditor's firm :	AAIFM0810A
Memberships :	--
Collaborators :	--
Enterprises significantly influenced by Directors and/ or their relatives :	Cadila Healthcare Limited Kevin Technologies Private Limited Zydus Nikkho Farmaceutica Ltda, Brazil CMC Machinery Kambert Machinery Company Private Limited N. K. Engineering Company Kevin Process Technologies Private Limited Restech Pharmaceuticals

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
25,000	Equity Shares	Rs. 100/- each	Rs. 2.500 Million
15,000	Preference Shares	Rs. 100/- each	Rs. 1.500 Million
10,000	Unclassified shares	Rs. 100/- each	Rs. 1.000 Million
	Total		Rs. 5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
22,200	Equity Shares	Rs. 100/- each	Rs. 2.220 Million

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	2.220	2.220	2.220
(b) Reserves & Surplus	165.559	141.712	131.480
(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)	167.779	143.932	133.700
(3) Non-Current Liabilities
(a) Long-term borrowings	4.819	6.007	0.775
(b) Deferred tax liabilities (Net)	10.236	11.708	6.899
(c) Other long term liabilities	1.624	0.971	0.752
(d) long-term provisions	11.401	6.244	8.192
Total Non-current Liabilities (3)	28.080	24.930	16.618
(4) Current Liabilities
(a) Short term borrowings	27.924	28.388	18.852
(b) Trade payables	142.024	152.507	117.225
(c) Other current liabilities	48.825	46.062	95.734
(d) Short-term provisions	18.834	18.924	18.531
Total Current Liabilities (4)	237.607	245.881	250.342
TOTAL	433.466	414.743	400.660
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	96.950	100.428	77.840
(ii) Intangible Assets	5.100	6.101	6.376
(iii) Capital work-in-progress	12.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.001	0.001	0.001
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	17.116	12.619	23.160
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	131.167	119.149	107.377
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	180.718	157.055	153.822
(c) Trade receivables	108.294	124.060	132.632
(d) Cash and cash equivalents	4.918	5.985	0.359
(e) Short-term loans and advances	4.005	5.679	4.567
(f) Other current assets	4.364	2.815	1.903
Total Current Assets	302.299	295.594	293.283
TOTAL	433.466	414.743	400.660

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Revenue from Operations	762.606	691.166	618.164
		Other Income	0.640	3.876	3.697
		TOTAL (A)	763.246	695.042	621.861
Less	EXPENSES
		Cost of Materials Consumed	337.840	296.509	266.258
		Purchases of Stock-in-Trade	1.809	0.820	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(33.668)	6.181	(14.037)
		Employees benefits expense	194.606	174.525	143.321
		Other expenses	184.538	161.114	178.269
		TOTAL (B)	685.125	639.149	573.811
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		78.121	55.893	48.050
Less	FINANCIAL EXPENSES (D)		2.634	10.086	7.873
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		75.487	45.807	40.177
Less/ Add	DEPRECIATION/ AMORTISATION (F)		15.547	11.309	9.959
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		59.940	34.498	30.218
Less	TAX (H)		17.887	11.279	10.413
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		42.053	23.219	19.805
	EARNINGS IN FOREIGN CURRENCY
		F.O.B. Value of Exports	2.152	1.113	0.000
		Other Earnings	0.000	1.734	9.027
	TOTAL EARNINGS		2.152	2.847	9.027
	IMPORTS
		Raw Materials	7.955	6.794	3.281
	Earnings Per Share (Rs.)		1894.28	1045.90	892.12

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	5.565	4.771	53.328
Cash Generated from Operations	61.341	94.455	40.981
Net Cash Flow from used in Operations	44.173	85.672	32.413

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	5.51	3.36	3.20
Operating Profit Margin (PBDIT/Sales)	(%)	10.24	8.09	7.77
Return on Total Assets (PBT/Total Assets}	(%)	14.22	8.32	7.54
Return on Investment (ROI) (PBT/Networth)		0.36	0.24	0.23
Debt Equity Ratio (Total Debt/Networth)		0.23	0.27	0.55
Current Ratio (Current Asset/Current Liability)		1.27	1.20	1.17

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	2.220	2.220	2.220
Reserves & Surplus	131.480	141.712	165.559
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	133.700	143.932	167.779
Long-term borrowings	0.775	6.007	4.819
Short term borrowings	18.852	28.388	27.924
CURRENT MATURITIES OF LONG-TERM DEBTS	53.328	4.771	5.565
Total borrowings	72.955	39.166	38.308
Debt/Equity ratio	0.546	0.272	0.228

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	618.164	691.166	762.606
		11.809	10.336

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	618.164	691.166	762.606
Profit	19.805	23.219	42.053
	3.20%	3.36%	5.51%

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	Yes
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)	Yes
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	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10527836	20/10/2014	5,000,000.00	ICICI BANK LIMITED	LANDMARK, RACE COURSE CIRCLE, ALKJAPURI, VADODARA - 390015, GUJARAT, INDIA	C31208945
2	10429550	01/07/2013 *	13,000,000.00	BANK OF BARODA	ASHRAM ROAD BRANCH, ASHRAM ROAD, AHMEDABAD - 380009, GUJARAT, INDIA	B79904348
3	90108027	01/07/2013 *	57,500,000.00	BANK OF BARODA	ASHRAM ROAD BRANCH, ASHRAM ROAD, AHMEDABAD - 380009, GUJARAT, INDIA	B79903936
4	90109120	22/05/2013 *	57,500,000.00	BANK OF BARODA	ASHRAM ROAD BRANCH, ASHRAM ROAD, AHMEDABAD - 380009, GUJARAT, INDIA	B76497858
5	90108518	22/05/2013 *	57,500,000.00	BANK OF BARODA	ASHRAM ROAD BRANCH, ASHRAM ROAD, AHMEDABAD - 380009, GUJARAT, INDIA	B76498385
6	90108247	22/05/2013 *	57,500,000.00	BANK OF BARODA	ASHRAM ROAD BRANCH, ASHRAM ROAD, AHMEDABAD - 380009, GUJARAT, INDIA	B76499946

* Date of charge modification

CHANGE OF ADDRESS:

The Registered Office of the Company has been shifted from "Zydus Tower" Satellite Cross Roads Ahmedabad Gujarat – 380015, Maharashtra, India to the present address w.e.f. 01.09.2008.

ORGANIZATION AND NATURE OF OPERATIONS

The company, incorporated on September 6, 1973, is based at Plot No. 3604 and 3605, GIDC – Phase IV, Vatva, Ahmedabad – 382445. It is engaged in manufacturing and marketing of Pharmaceutical Machineries, spare parts and punches and dies.

YEAR IN RETROSPECT

During the year under report, Net Revenue from operations of the Company was Rs.763.246 million as against of Rs.695.042 million recording growth of 9.81%. Profit before providing for taxation was Rs.59.940 million as against of Rs.34.498 million, recording a growth of 73.75% over last year.

CONTINGENT LIABILITIES:

Particulars	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
a. Claims against the Company not acknowledged as debts	2.493	6.132
b. In respect of guarantees given by Banks and/or counter guarantees given by the Company	14.718	7.641
c. Other money for which the company is contingent liable:
i. In respect of the demands raised by the Central Excise, State Excise and Service Tax Authority against which the Company has preferred appeals. The Company has been legally advised that the demands are not tenable.	1.137	1.544
ii. In respect of the demands raised by the Income Tax Authority against which the Company has preferred appeals. The Company has been legally advised that the demands are not tenable.	4.295	1.400

FIXED ASSETS:

Tangible Assets

· Leasehold Land

· Buildings

· Plant and Equipment

· Furniture, Fixtures

· Office Equipment’s

· Vehicles

Intangible Assets

· Computer Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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 records 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.66.42
UK Pound	1	Rs.99.17
Euro	1	Rs.72.14

INFORMATION DETAILS

Information Gathered by :	SUV
Analysis Done by :	DIV
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.