MIRA INFORM REPORT
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Report No. : |
356852 |
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Report Date : |
30.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
EUROLIFE HEALTHCARE PRIVATE LIMITED |
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Registered
Office : |
69A, Mittal Chambers, Nariman Point, Mumbai – 400021, Maharashtra |
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Tel. No.: |
91-22-42207220 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
09.04.1987 |
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Com. Reg. No.: |
11-043106 |
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Capital
Investment / Paid-up Capital : |
Rs.50.000 Million |
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CIN No.: [Company Identification
No.] |
U51900MH1987PTC043106 |
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IEC No.: |
0300050551 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACB6132F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader, Exporter and Importer of Pharmaceuticals
Products. [Confirmed
by management] |
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|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1987 having
satisfactory track. Subject is engaged in the business as manufacturer, trader, exporter
and importer of pharmaceuticals products. Available financial indicates sound financial risk marked by healthy
networth base with negligible debt recorded and good profit margin of the
company. Trade relations are reported as fair. Business is active. Payments
terms are reported as usually correct and as per commitment. In view of long track record and acceptable 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 |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
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Rating |
Long Term Loans = BBB- |
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Rating Explanation |
Moderate degree of safety and carry moderate credit risk. |
|
Date |
December, 2014 |
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Rating Agency Name |
ICRA |
|
Rating |
Short Term Fund Based Limits = A3 |
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Rating Explanation |
Moderate degree of safety and carry highest credit risk. |
|
Date |
December, 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 PARTED BY
|
Name : |
Mr. Kalpesh Bhatt |
|
Designation : |
Chief Financial Officer |
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Contact No.: |
91-22-30440834 |
|
Date : |
28.12.2015 |
LOCATIONS
|
Registered Office : |
69A, Mittal Chambers, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Tel. No.: |
91-22-42207220 |
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Fax No.: |
91-22-42207240 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Locality: |
Commercial |
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Marketing Office : |
901-B, Tower 2, Indiabulls Finance Center, Elphinstone, Mumbai - 400013 Maharashtra, India |
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Tel. No.: |
91-22-49211000 |
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Fax No.: |
91-91-22-49211099 |
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E-Mail : |
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Area: |
4000 Sq. Ft. |
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Location : |
Rented |
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Locality: |
Commercial |
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Factory Unit - I |
Khasra No. 520, Bhagwanpur, Roorkee - 247667 Districts Haridwar, Uttarakhand, India |
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Tel. No.: |
91-91-1332 232657 |
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E-Mail : |
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Location : |
Owned |
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Locality: |
Industrial |
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Factory Unit - II |
Khasra No. 242, Bhagawanpur, Roorkee - 247667 District Haridwar, Uttarakhand, India267577737 |
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Tel. No.: |
91- 9267577737 |
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E-Mail : |
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Location : |
Owned |
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Locality: |
Industrial |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mahendrakumar Omprakash Singhi |
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Designation : |
Director |
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Address : |
1603/4, Shivalaya Tower, Thakur Complex, Kandivali (East), Mumbai - 400101, Maharashtra, India |
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Date of Birth/Age : |
31.12.1966 |
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Date of Appointment : |
30.05.2006 |
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DIN No.: |
00369418 |
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PAN No.: |
APRPS2134K |
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Other
Directorship:
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Name : |
Shyamsunder Bhorilal Toshniwal |
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Designation : |
Director |
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Address : |
83, Goolrukh, 10th Floor, Worli Sea Face, Worli, Mumbai - 400025, Maharashtra, India |
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Date of Birth/Age : |
30.05.1940 |
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Date of Appointment : |
12.09.2011 |
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DIN No.: |
01223515 |
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PAN No.: |
AAAPT6419L |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Kalpesh Bhatt |
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Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Shyamsunder Toshniwal |
450000 |
9.00 |
|
Madhu Toshnniwal |
1234000 |
24.68 |
|
Madhusha Holding Private Limited, India |
2400000 |
48.00 |
|
Madhusha Project Private Limited, India |
476000 |
9.52 |
|
Lactose India Limited, India |
400000 |
8.00 |
|
Sandeep Toshniwal |
40000 |
0.80 |
|
Total |
5000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
65.52 |
|
Directors or relatives of Directors |
34.48 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Importer of Pharmaceuticals
Products. [Confirmed
by management] |
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Products : |
Pharmaceuticals Products |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash, L\C and Credit [30 Days] |
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Purchasing : |
Cash, L\C and Credit [30,60 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
S G C O and Company Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Party: |
Micracle Biosciences Private Limited Add.: 69-A, Mittal Chambers,
Nariman Point, Mumbai – 400021, Maharashtra, India |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
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I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
50.000 |
50.000 |
50.000 |
|
(b) Reserves &
Surplus |
54.674 |
46.157 |
53.531 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
104.674 |
96.157 |
103.531 |
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
11.164 |
3.139 |
2.279 |
|
(b) Deferred tax
liabilities (Net) |
20.277 |
17.856 |
10.417 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
31.441 |
20.995 |
12.696 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
94.094 |
116.665 |
65.652 |
|
(b) Trade payables |
47.273 |
39.166 |
45.314 |
|
(c) Other current
liabilities |
(115.303) |
(128.828) |
3.563 |
|
(d) Short-term provisions |
4.140 |
16.070 |
13.986 |
|
Total Current Liabilities
(4) |
30.204 |
43.073 |
128.515 |
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|
|
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TOTAL |
166.319 |
160.225 |
244.742 |
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II.
ASSETS |
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|
(1) Non-current assets |
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|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
16.981 |
5.146 |
3.832 |
|
(ii) Intangible Assets |
0.053 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
37.312 |
59.932 |
37.505 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
54.346 |
65.078 |
41.337 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
12.395 |
27.114 |
1.237 |
|
(c) Trade receivables |
62.390 |
39.806 |
49.337 |
|
(d) Cash and cash
equivalents |
33.702 |
24.754 |
11.980 |
|
(e) Short-term loans and
advances |
3.486 |
3.473 |
13.805 |
|
(f) Other current assets |
0.000 |
0.000 |
127.046 |
|
Total Current Assets |
111.973 |
95.147 |
203.405 |
|
|
|
|
|
|
TOTAL |
166.319 |
160.225 |
244.742 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
227.769 |
155.675 |
246.457 |
|
|
Other Income |
2.130 |
8.585 |
8.864 |
|
|
TOTAL (A) |
229.899 |
164.260 |
255.321 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
163.181 |
130.394 |
151.628 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
14.720 |
(25.877) |
37.924 |
|
|
Employees benefits
expense |
6.509 |
7.783 |
8.841 |
|
|
Other expenses |
28.041 |
29.347 |
25.450 |
|
|
Prior Period Items |
0.107 |
0.441 |
0.186 |
|
|
TOTAL (B) |
212.558 |
142.088 |
224.029 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
17.341 |
22.172 |
31.292 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
6.185 |
6.391 |
8.427 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.156 |
15.781 |
22.865 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.201 |
1.216 |
0.674 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
7.955 |
14.565 |
22.191 |
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.483) |
21.938 |
12.973 |
|
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|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
8.438 |
(7.373) |
9.218 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
1.69 |
(1.47) |
1.84 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
1.692 |
0.182 |
0.274 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.70 |
(4.74) |
3.74 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.61 |
14.24 |
12.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.78 |
9.09 |
9.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.15 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.02 |
1.25 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.71 |
2.21 |
1.58 |
FINANCIAL DATA
[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 |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
53.531 |
46.157 |
54.674 |
|
Net worth |
103.531 |
96.157 |
104.674 |
|
|
|
|
|
|
Long-term borrowings |
2.279 |
3.139 |
11.164 |
|
Short term borrowings |
65.652 |
116.665 |
94.094 |
|
Current maturities of
long-term debts |
0.274 |
0.182 |
1.692 |
|
Total borrowings |
68.205 |
119.986 |
106.950 |
|
Debt/Equity ratio |
0.659 |
1.248 |
1.022 |
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 |
246.457 |
155.675 |
227.769 |
|
|
|
(36.835) |
46.311 |
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 |
246.457 |
155.675 |
227.769 |
|
Profit/ (Loss) |
9.218 |
(7.373) |
8.438 |
|
|
3.74% |
(4.74%) |
3.70% |
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 |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from related parties |
19.193 |
13.479 |
|
Inter Corporate Deposit |
9.764 |
8.346 |
|
Total |
28.957 |
21.825 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10606781 |
17/11/2015 |
116,500,000.00 |
AXIS BANK LIMITED |
SME CENTRE,MUMBAI-1,12-MITTAL TOWER,FIRST FLOOR, A WING NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
C72614415 |
|
2 |
10554547 |
18/02/2015 * |
110,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
FLOOR 21, CENTRE ONE BUILDING, WORLD TRADE CENTRE, |
C46420097 |
|
3 |
10480610 |
17/01/2014 |
150,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B97452940 |
|
4 |
10480605 |
18/02/2015 * |
60,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
C52484482 |
|
5 |
10315123 |
07/10/2011 |
193,750,000.00 |
ORIENTAL BANK OF COMMERCE |
FORT BRANCH, JASH CHAMBERS, GROUND FLOOR, SIR P.M ROAD, FORT, MUMBAI- 400001, MAHARASHTRA, INDIA |
B24328742 |
|
6 |
10313919 |
16/04/2014 * |
397,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C03809720 |
|
7 |
10309524 |
17/04/2014 * |
397,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
C03809498 |
|
8 |
10286263 |
18/09/2015 * |
172,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C72240963 |
|
9 |
10286264 |
18/09/2015 * |
172,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C72242357 |
|
10 |
10152942 |
19/03/2009 |
11,250,000.00 |
ORIENTAL BANK OF COMMERCE |
FORT BRANCH JASH CHAMBERS, SIR P. M. ROAD, FORT, |
A60190840 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Building
- Plant and
Machinery
- Pipes and
Fittings
- Lab
Equipment’s
- Computers
- Furniture
- Office
Equipment’s
- Air
Conditioner
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.63.37 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.72.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
|
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.