MIRA INFORM REPORT
|
Report No. : |
356242 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZUVENTUS HEALTHCARE LIMITED |
|
|
|
|
Registered
Office : |
Emcure House, T-184, M.I.D.C., Bhosari, Pune – 411026, Maharashtra |
|
Tel. No.: |
91-22-30610000 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
27.05.2002 |
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|
|
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Com. Reg. No.: |
11-018324 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.200.552 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85320PN2002PLC018324 |
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|
|
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IEC No.: |
3105001191 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACZ1513C |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Subject is engaged in Trading and Manufacturing of
Pharmaceuticals formulations. (Registered Activity) |
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|
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (56) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a part of the Emcure group based out of Pune. Emcure Pharmaceuticals,
the flagship company of the group holds 79.58% stake in the subject company.
It was incorporated in the year 2002 and has fine track. It is a
manufacturer, trader and Importer of Pharmaceuticals Products. Rating takes into consideration strong financial risk profile of the
company marked by adequate networth base and comfortable gearing in FY 15.
Further, the company has reported decent increase in its net profit in the
year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track record of business operations along with decent
financial condition, the company can be considered for business dealings with
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
10.10.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
10.10.2014 |
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
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-22-30610000)
LOCATIONS
|
Registered Office : |
Emcure House, T-184, M.I.D.C., Bhosari, Pune – 411026, Maharashtra,
India |
|
Tel. No.: |
91-20-24117700/ 27120084/ 30610000 |
|
Fax No.: |
91-20-24117111 |
|
E-Mail : |
zuventus.corporate@zuventus.com |
|
Website : |
|
|
|
|
|
Head Office : |
Office No. 5119, 5th Floor, 'D' Wing, Oberoi Garden Estates, Chandivili, Andheri (East), Mumbai - 400 072, Maharashtra, India |
|
Tel. No.: |
91-22-30610000 / 28472823 / 24 |
|
Fax No.: |
91-22-28472828 / 29 |
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|
|
|
Warehouse 1 : |
Block No. 146/1, Village Mann, Taluka Mulshi Post, Hinjewadi, Pune –
411057, Maharashtra, India |
|
|
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|
Warehouse 2 : |
Also Located at
|
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Prakash Kumar Guha |
|
Designation : |
Managing Director |
|
Address : |
Bldg No.B4, Flat No. 505 Raunak Park, Konkani Pada, Pokharan Road No,2, Thane – 400608, Maharashtra, India |
|
Date of Birth/Age : |
27.03.1964 |
|
Qualification : |
B.SC,MBA, LLB |
|
Date of Appointment : |
27.05.2002 |
|
DIN No.: |
00118415 |
|
PAN No.: |
ADPPG2715G |
|
|
|
|
Name : |
Mr. Arunkumar Purshotamlal Khanna |
|
Designation : |
Director |
|
Address : |
Clover Hills, Bungalow No.63, Nibn Road, Kondhwa, Pune – 411048, Maharashtra, India |
|
Date of Birth/Age : |
09.07.1952 |
|
Qualification : |
B.SC., M.A. (Economics) |
|
Date of Appointment : |
03.07.2002 |
|
DIN No.: |
00121686 |
|
PAN No.: |
AGIPK3043K |
|
|
|
|
Name : |
Mr. Hitesh Sohanlal Jain |
|
Designation : |
Director |
|
Address : |
Alka CHS, B. Road, Flat No.13, 2nd Floor, 40 Marine Drive, Mumbai – 400020, Maharashtra, India |
|
Date of Birth/Age : |
20.10.1973 |
|
Qualification : |
LLM |
|
Date of Appointment : |
18.05.2009 |
|
DIN No.: |
00130023 |
|
|
|
|
Name : |
Mrs. Namita Vikas Thapar |
|
Designation : |
Director |
|
Address : |
Prasanna, 4, Mumbai Pune Road, Kirkee, Pune – 411003, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1977 |
|
Qualification : |
B.Com, CA, MBA |
|
Date of Appointment : |
03.07.2012 |
|
DIN No.: |
05318899 |
|
|
|
|
Name : |
Mr. Vikas Madan Thapar |
|
Designation : |
Director |
|
Address : |
Prasanna 4, Mumbai-Pune Road, Pune – 411003, Maharashtra, India |
|
Date of Birth/Age : |
27.04.1974 |
|
Date of Appointment : |
18.05.2009 |
|
DIN No.: |
02617012 |
|
PAN No.: |
AFAPT2051D |
|
|
|
|
Name : |
Mr. Sanjay Rajnikant Mehta |
|
Designation : |
Director |
|
Address : |
4, Mumbai Pune Road, Kirkee, Pune – 411003, Maharashtra, India |
|
Date of Birth/Age : |
18.04.1964 |
|
Qualification : |
B.COM. |
|
Date of Appointment : |
22.08.2006 |
|
DIN No.: |
00100228 |
|
PAN No.: |
AAUPM2924M |
|
|
|
|
Name : |
Mr. Shreekant Krushnaji Bapat |
|
Designation : |
Director |
|
Address : |
Yashodhan, 2 No. Floor, 56 United Western CHS, Karve Nagar, Pune - 411052, Maharashtra, India |
|
Date of Birth/Age : |
06.10.1937 |
|
Qualification : |
Indian Police Service (Retired) |
|
Date of Appointment : |
03.07.2002 |
|
DIN No.: |
00621568 |
|
|
|
|
Name : |
Mr. Satish Ramanlal Mehta |
|
Designation : |
Director |
|
Address : |
4, Mumbai Pune Road, Kirkee, Pune – 411003, Maharashtra, India |
|
Date of Birth/Age : |
13.01.1951 |
|
Date of Appointment : |
03.07.2002 |
|
DIN No.: |
00118691 |
|
PAN No.: |
AAVPM4447J |
KEY EXECUTIVES
|
Name : |
Ms. Shilpa Uday Dhavale |
|
Designation : |
Secretary |
|
Address : |
C 302, Sai Marigold Society, Pimple Saudagar, Pune - 411028, Maharashtra, India |
|
Date of Appointment : |
29.06.2015 |
|
PAN No.: |
ATIPD0060E |
|
|
|
|
Name : |
Mr. Raju Pessumal Kalera |
|
Designation : |
Chief Financial Officer |
|
Address : |
Building C1 Flat No. 202, SND 592a, CTS 3336, Mandke Advantage Homes, Lullanagar, Pune - 411040, Maharashtra, India |
|
Date of Appointment : |
01.11.2014 |
|
PAN No.: |
AGOPK9902F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
No. of Shares |
% Holding |
|
Prakashkumar Prasanta Guha |
2511000 |
12.52 |
|
Shriram Balasubramaniam |
300000 |
1.50 |
|
Chandrakant Vittal Shetty |
300000 |
1.50 |
|
Satish Ramanlal Mehta |
52560 |
0.26 |
|
A.K. Khanna |
10500 |
0.05 |
|
Sunil Rajanikant Mehta |
10560 |
0.05 |
|
Sanjay Rajanikant Mehta |
10560 |
0.04 |
|
Emcure Pharmaceuticals Limited, India |
15960000 |
79.58 |
|
Michael Mascarenhas |
300000 |
1.50 |
|
Roony Jena |
300000 |
1.50 |
|
Kamal Kapoor |
300000 |
1.50 |
|
Total |
20055180 |
100.00 |
As on 28.07.2014
|
Category |
Percentage |
|
Bodies corporate |
79.58 |
|
Directors or relatives of Directors |
12.17 |
|
Other top fifty shareholders |
8.25 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Trading and Manufacturing of
Pharmaceuticals formulations. (Registered Activity) |
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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 : |
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Facilities : |
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Auditors : |
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|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
7th Floor, Business Bay, Tower A, Wing-1, Airport Road, Yerwada, Pune – 411006, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFP3641G |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Emcure Pharmaceuticals Limited, India (U24231PN1981PLC024251) |
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Subsidiary Company
: |
Gennova Biopharmaceuticals Limited, India (U24231PN2001PLC016253) |
|
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|
Other Related
Party: |
H.M. Sales Corporation, India |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20055180 |
Equity Shares |
Rs.10/- each |
Rs.200.552
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 |
200.552 |
50.138 |
50.138 |
|
(b) Reserves & Surplus |
1417.515 |
1349.952 |
1189.785 |
|
(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) |
1618.067 |
1400.090 |
1239.923 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.240 |
29.827 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
4.588 |
3.287 |
|
(c) Other long term
liabilities |
28.450 |
23.450 |
24.350 |
|
(d) long-term provisions |
39.621 |
24.820 |
28.147 |
|
Total
Non-current Liabilities (3) |
68.071 |
53.098 |
85.612 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
113.362 |
7.006 |
222.412 |
|
(b) Trade payables |
339.112 |
282.769 |
288.990 |
|
(c) Other current liabilities |
150.037 |
231.200 |
240.789 |
|
(d) Short-term provisions |
196.163 |
168.931 |
99.490 |
|
Total
Current Liabilities (4) |
798.674 |
689.907 |
851.682 |
|
|
|
|
|
|
TOTAL |
2484.812 |
2143.095 |
2177.216 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
445.207 |
435.075 |
440.796 |
|
(ii) Intangible Assets |
1.027 |
1.150 |
2.367 |
|
(iii) Capital work-in-progress |
17.867 |
0.000 |
3.055 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
450.407 |
150.407 |
150.407 |
|
(c) Deferred tax assets (net) |
0.658 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
101.883 |
70.213 |
76.360 |
|
(e) Other Non-current assets |
4.015 |
2.743 |
2.244 |
|
Total
Non-Current Assets |
1021.064 |
659.588 |
675.228 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
671.094 |
609.596 |
480.821 |
|
(c) Trade receivables |
579.297 |
554.934 |
840.387 |
|
(d) Cash and cash equivalents |
113.783 |
204.149 |
58.086 |
|
(e) Short-term loans and
advances |
96.372 |
111.767 |
121.782 |
|
(f) Other current assets |
3.202 |
3.060 |
0.912 |
|
Total
Current Assets |
1463.748 |
1483.506 |
1501.988 |
|
|
|
|
|
|
TOTAL |
2484.812 |
2143.095 |
2177.216 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
5540.197 |
4500.070 |
4257.308 |
|
|
Other Income |
4.999 |
2.481 |
2.049 |
|
|
TOTAL
(A) |
5545.196 |
4502.551 |
4259.357 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
616.184 |
513.979 |
488.636 |
|
|
Purchases of Stock-in-Trade |
1836.226 |
1642.357 |
1353.887 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(11.063) |
(118.706) |
(58.027) |
|
|
Employees benefits expense |
983.225 |
850.592 |
806.425 |
|
|
Other expenses |
1391.126 |
1235.279 |
1181.059 |
|
|
CSR Expenditure |
1.936 |
0.000 |
0.000 |
|
|
TOTAL
(B) |
4817.634 |
4123.501 |
3771.980 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
727.562 |
379.050 |
487.377 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.510 |
27.433 |
36.972 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
714.052 |
351.617 |
450.405 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
53.337 |
28.476 |
30.894 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
660.715 |
323.141 |
419.511 |
|
|
|
|
|
|
|
Less |
TAX (H) |
201.906 |
104.315 |
121.037 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
458.809 |
218.826 |
298.474 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
1037.870 |
899.584 |
660.290 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
180.480 |
21.880 |
29.850 |
|
|
Final Dividend |
60.349 |
58.660 |
29.330 |
|
|
Total
(M) |
240.829 |
80.540 |
59.180 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
1255.850 |
1037.870 |
899.584 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
22.88 |
10.91 |
59.53 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
0.240 |
26.587 |
37.500 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
664.802 |
553.849 |
185.308 |
|
Net cash flow from operating activity |
453.162 |
445.573 |
79.269 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.28 |
4.86 |
7.01 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
13.13 |
8.42 |
11.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
32.78 |
16.22 |
20.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.23 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07 |
0.02 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.83 |
2.15 |
1.76 |
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 |
50.138 |
50.138 |
200.552 |
|
Reserves & Surplus |
1189.785 |
1349.952 |
1417.515 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1239.923 |
1400.090 |
1618.067 |
|
|
|
|
|
|
long-term borrowings |
29.827 |
0.240 |
0.000 |
|
Short term borrowings |
222.412 |
7.006 |
113.362 |
|
Current Maturities of
Long-Term Debts |
37.500 |
26.587 |
0.240 |
|
Total
borrowings |
289.739 |
33.833 |
113.602 |
|
Debt/Equity
ratio |
0.234 |
0.024 |
0.070 |
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 |
4257.308 |
4500.070 |
5540.197 |
|
|
|
5.702 |
23.114 |
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 |
4257.308 |
4500.070 |
5540.197 |
|
Profit |
298.474 |
218.826 |
458.809 |
|
|
7.01% |
4.86% |
8.28% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION
The Company, a limited company is engaged in trading and manufacturing of Pharmaceuticals formulations. The Company has its own manufacturing plant at Jammu. The Company has several clearing and forwarding agents in various cities in India to ensure timely supply of its products in the various parts of the country.
RESULT OF OPERATIONS
The Company has recorded a growth in its Revenue for the thirteenth year in succession. Gross Revenue from Operations for the year are Rs. 5654.720 million as compared to the previous years Rs. 4587.800 million thus recording a growth of 23.26%.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10578871 |
01/06/2015 |
165,000,000.00 |
Citi Bank N.A. |
First
International Financial Centre,Plot No C-54, and C-55, G-Block, Bandra
Kurla Complex, Bandra East, Mumbai, Maharashtra - 400051, INDIA |
C58301839 |
|
2 |
10225051 |
01/06/2010 |
150,000,000.00 |
State Bank of
India Industrial Finance Branch |
Tara Chamber,2nd
Floor,Near Mariaai Police Chowky, |
A88045109 |
|
3 |
10216083 |
09/02/2012 * |
450,000,000.00 |
State Bank of India
Industrial Finance Branch |
Tara Chamber,
2nd Floor,Near Mariaai Police Chowky, Pune-Mumbai Highway,Wakdewadi,
Pune, Maharashtra |
B35612266 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other 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 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.66.32 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
56 |
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.