MIRA INFORM REPORT

Report No. :	305699
Report Date :	02.02.2015

IDENTIFICATION DETAILS

Name :	CADILA PHARMACEUTICALS LIMITED
Registered Office :	Cadila Corporate Campus, Sarkhej Dhokla Road, Ahmedabad – 380008, Gujarat
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	28.02.1991
Com. Reg. No.:	04-015132
Capital Investment / Paid-up Capital :	Rs.800.000 Millions
CIN No.: [Company Identification No.]	U24231GJ1991PLC015132
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACC6251E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Pharmaceuticals Products.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 9990000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is an established company having good track. Management of the company has not filed its latest financial i.e. 2014 with the government department. As per the available financial of 2013, general financial position of the company seems to be sound. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitment. 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 it carry low credit risk.
Date	31.03.2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A2+
Rating Explanation	Very strong degree of safety it carry lowest credit risk.
Date	31.03.2014

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 31-03-2014.

INFORMATION DENIED

Management Non Co-Operative (Tel No.: 91-2718-225001)

LOCATIONS

Registered/ Corporate Office :	Cadila Corporate Campus, Sarkhej Dhokla Road, Ahmedabad – 380008, Gujarat, India
Tel. No.:	91-2718-225001 (15 Lines)
Fax No.:	91-2718-225039
E-Mail :	secretarial@cadilapharma.co.in website@cadilapharma.co.in accounts@cadilapharma.co.in rmankodi@cadilapharma.co.in purchase@cadilapharma.com branded@cadilapharma.com rnair@cadilapharma.co.in shreyas.parikh@cadilapharma.co.in
Website:	http://www.cadilapharma.com
Location :	Owned
Factory 1 :	Dholka – Manufacturing Plant Survey No. 1389, Trasad Road, Dholka, Ahmedabad – 387810, Gujarat, India
Tel. No:	91-79-23421841 / 83 / 84 / 23422006 / 7 / 8 / 9 / 10
Fax No:	91-79-23420315
Factory 2 :	Chemical SBU 294, GIDC Estate, Ankleshwar, Gujarat, India
Tel. No:	91-2646-223846/ 252626/ 251519
Fax No:	91-2646-250051
Factory 3 :	CHPL – Factory / Karnavati Engineering Limited Survey No. 342, Nani Kadi, Taluka Kadi, District Mehsana, North Gujarat, India
Tel. No:	91-2764-262463/ 242037/ 242194/ 241464-65
Fax No:	91-2764-242223/ 242608
Factory 4 :	Chemicals SBU Factory Plot No. 274, GIDC Industrial Estate, Ankleshwar, Gujarat, India
Tel. No:	91-2646-223846/ 252626/ 251519
Fax No:	91-2646-250051
Factory 5 :	Tissu Culture Lab 756, Prakruti Farm, Hirapur Chowkdi, Hirapur, Ahmedabad, Gujarat, India
Tel. No:	91-79-3855260/ 3855495/ 496
Factory 6 :	Cadila Pharmaceuticals Limited, Jammu Industrial Growth Centre, Samba – 184121, District Jammu, Jammu and Kashmir, India
Tel. No:	91-1923-241113/ 241114/ 241115
Fax No:	91-1923-246744

DIRECTORS

As on 30.12.2013

Name :

Dr. Rajiv Indravadan Modi

Designation :

Managing director

Address :

13, Sanjiv Building, New Sharda Mandir Road, Paldi, Ahmedabad – 380007, Gujarat, India

Date of Birth/Age :

09.05.1960

Qualification :

Ph. D (Biological Science), M. Sc (Biochemical Engineering), B. Tech(Chemical Engineering)

Date of Appointment :

01.07.2010

PAN No.:

AAPPM9265J

DIN No.:

01394558

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	U29199GJ1981PLC004488	KARNAVATI ENGINEERING LIMITED	Director	26/03/1990	26/03/1990	-	Active	NO
2	U24231GJ1991PLC015132	CADILA PHARMACEUTICALS LIMITED	Managing director	01/07/2010	28/02/1991	-	Active	NO
3	U24231GJ1973PLC002286	CADILA LABORATORIES PRIVATE LIMITED	Director	05/10/1991	05/10/1991	-	Active	NO
4	U74120GJ1994PLC023239	IRM LIMITED	Director	11/10/1994	11/10/1994	-	Active	NO
5	U67120GJ1995PTC025713	CPL INFRASTRUCTURE PRIVATE LIMITED	Director	03/05/1995	03/05/1995	-	Amalgamated	NO
6	U51909GJ1995PLC027839	CASIL HEALTH PRODUCTS LIMITED	Director	17/10/1995	17/10/1995	-	Active	NO
7	U67120GJ1997PTC032109	CASIL FINANCE PRIVATE LIMITED	Director	15/04/1997	15/04/1997	-	Strike off	NO
8	U33111GJ1994PTC050484	MEDTEK ASIA PRIVATE LIMITED	Director	24/03/1999	24/03/1999	-	Amalgamated	NO
9	U24231GJ2000PLC038320	CASIL INDUSTRIES LIMITED	Director	01/10/2012	07/07/2000	-	Amalgamated	NO
10	U72200GJ2000PLC038743	CADINDIA INSURANCE COMPANY LIMITED	Director	04/10/2000	04/10/2000	-	Strike off	NO
11	U85110TN1997PLC039016	APOLLO HOSPITALS INTERNATIONAL LIMITED	Director	31/07/2006	31/07/2006	-	Active	NO
12	U63023GJ2008PLC052813	GREEN CHANNEL LOGI-SOLUTIONS LIMITED	Director	05/02/2008	05/02/2008	-	Active	NO
13	U85100GJ2008FTC052859	StemCyte India Therapeutics Private Limited	Director	07/08/2009	13/06/2008	-	Active	NO
14	U01403GJ2009PTC056409	CPL BIOLOGICALS Private LIMITED	Director	24/03/2009	24/03/2009	-	Active	NO
15	U65993GJ2009PTC056511	CPL HOLDINGS Private Limited	Director	01/04/2009	01/04/2009	-	Active	NO
16	U01403GJ2009PTC056669	CPL AGRO PRODUCTS Private Limited	Director	20/04/2009	20/04/2009	-	Active	NO
17	U45209GJ2008PTC055133	CPL INFRASTRUCTURE PRIVATE LIMITED	Director	08/10/2010	08/10/2010	-	Active	NO
18	U74999GJ2009PTC058116	IRM ENTERPRISES PRIVATE LIMITED	Director	30/09/2011	04/08/2011	-	Active	NO
19	U24230GJ2012PTC069227	CASIL BG MEDICAL DEVICES PRIVATE LIMITED	Director	28/02/2012	28/02/2012	-	Active	NO
20	U73100GJ2012PTC070636	INVERIKA BIORESEARCH PRIVATE LIMITED	Director	07/06/2012	07/06/2012	-	Active	NO
21	U24230GJ2012PLC071212	CASIL INDUSTRIES LIMITED	Director	19/07/2012	19/07/2012	-	Active	NO
22	U70101GJ2013PTC074111	IRM PROPERTIES PRIVATE LIMITED	Director	21/03/2013	21/03/2013	-	Amalgamated	NO
23	L24110GJ1973PLC002247	GUJARAT ALKALIES AND CHEMICALS LIMITED	Director	01/10/2014	01/10/2014	-	Active	NO

Name :

Mrs. Shilaben Indravadan Modi

Designation :

Director

Address :

13, Sanjiv Baug, New Sharda Mandir Road, Ahmedabad – 380007, Gujarat, India

Date of Birth/Age :

09.12.1931

Qualification :

Matriculate

Date of Appointment :

16.12.1995

PAN No.:

AEYPM8647R

DIN No.:

01976356

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	U24231GJ1991PLC015132	CADILA PHARMACEUTICALS LIMITED	Director	16/12/1995	16/12/1995	-	Active	NO
2	U67120GJ1995PTC025713	CPL INFRASTRUCTURE PRIVATE LIMITED	Director	10/08/1996	10/08/1996	-	Amalgamated	NO
3	U29199GJ1981PLC004488	KARNAVATI ENGINEERING LIMITED	Director	10/08/1996	10/08/1996	-	Active	NO
4	U74120GJ1994PLC023239	IRM LIMITED	Director	10/08/1996	10/08/1996	-	Active	NO
5	U51909GJ1995PLC027839	CASIL HEALTH PRODUCTS LIMITED	Director	10/08/1996	10/08/1996	-	Active	NO
6	U67120GJ1997PTC032109	CASIL FINANCE PRIVATE LIMITED	Director	15/04/1997	15/04/1997	-	Strike off	NO
7	U72200GJ2000PLC038743	CADINDIA INSURANCE COMPANY LIMITED	Director	04/10/2000	04/10/2000	-	Strike off	NO
8	U24231GJ2000PLC038320	CASIL INDUSTRIES LIMITED	Director	04/07/2003	04/07/2003	-	Amalgamated	NO
9	U63023GJ2008PLC052813	GREEN CHANNEL LOGI-SOLUTIONS LIMITED	Director	05/02/2008	05/02/2008	-	Active	NO
10	U45209GJ2008PTC055133	CPL INFRASTRUCTURE PRIVATE LIMITED	Director	26/09/2008	26/09/2008	-	Active	NO
11	U01403GJ2009PTC056409	CPL BIOLOGICALS Private LIMITED	Director	24/03/2009	24/03/2009	09/06/2009	Active	NO
12	U65993GJ2009PTC056511	CPL HOLDINGS Private Limited	Director	01/04/2009	01/04/2009	-	Active	NO
13	U01403GJ2009PTC056669	CPL AGRO PRODUCTS Private Limited	Director	20/04/2009	20/04/2009	-	Active	NO
14	U74999GJ2009PTC058116	IRM ENTERPRISES PRIVATE LIMITED	Director	15/09/2009	15/09/2009	-	Active	NO
15	U24230GJ2012PLC071212	CASIL INDUSTRIES LIMITED	Director	19/07/2012	19/07/2012	-	Active	NO
16	U70101GJ2013PTC074111	IRM PROPERTIES PRIVATE LIMITED	Director	21/03/2013	21/03/2013	-	Amalgamated	NO

Name :

Mrs. Monika Garware Modi

Designation :

Director

Address :

13, Sanjiv Building, New Sharda Mandir Road, Paldi, Ahmedabad – 380007, Gujarat, India

Date of Birth/Age :

04.06.1963

Qualification :

M.B.A. from Pace University, New York, USA

Date of Appointment :

15.12.1995

PAN No.:

AEQPG3834C

DIN No.:

00143400

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	L10889MH1957PLC010889	GARWARE POLYESTER LIMITED	Managing director	31/03/1989	31/03/1989	-	Active	NO
2	U91110MH1981NPL024836	B D GARWARE RESEARCH CENTRE	Director	09/04/1993	09/04/1993	-	Active	NO
3	U24110MH1995PLC090555	GARWARE CHEMICALS LIMITED	Director	13/07/1995	13/07/1995	30/08/2007	Amalgamated	NO
4	U24231GJ1991PLC015132	CADILA PHARMACEUTICALS LIMITED	Director	15/12/1995	15/12/1995	-	Active	NO
5	U67120GJ1995PTC025713	CPL INFRASTRUCTURE PRIVATE LIMITED	Director	10/08/1996	10/08/1996	-	Amalgamated	NO
6	U29199GJ1981PLC004488	KARNAVATI ENGINEERING LIMITED	Director	10/08/1996	10/08/1996	-	Active	NO
7	U74120GJ1994PLC023239	IRM LIMITED	Director	10/08/1996	10/08/1996	-	Active	NO
8	U51909GJ1995PLC027839	CASIL HEALTH PRODUCTS LIMITED	Director	10/08/1996	10/08/1996	-	Active	NO
9	U67120GJ1997PTC032109	CASIL FINANCE PRIVATE LIMITED	Director	15/04/1997	15/04/1997	-	Strike off	NO
10	U74999MH1989PLC053573	GARWARE INDUSTRIES LIMITED	Director	05/12/1998	05/12/1998	-	Amalgamated	NO
11	U65990MH1981PTC025590	MONIKA HOLDINGS PRIVATE LIMITED	Director	07/01/1999	07/01/1999	-	Amalgamated	NO
12	U24231GJ2000PLC038320	CASIL INDUSTRIES LIMITED	Director	04/07/2003	04/07/2003	-	Amalgamated	NO
13	U01403GJ2009PTC056409	CPL BIOLOGICALS Private LIMITED	Director	08/06/2009	08/06/2009	-	Active	NO
14	U70102MH2009PTC197095	GREAT DESIGN PROPERTIES PRIVATE LIMITED	Director	31/03/2010	31/03/2010	-	Amalgamated	NO
15	U45400MH2010PTC202621	ENVISION PROPERTIES PRIVATE LIMITED	Director	11/05/2010	11/05/2010	-	Amalgamated	NO
16	U45202MH2010PTC205261	BEST DESIGN PROPERTIES PRIVATE LIMITED	Director	16/07/2010	16/07/2010	-	Amalgamated	NO
17	U24119MH2003PTC139109	NAIGAON CHEMICALS PRIVATE LIMITED	Director	07/09/2012	29/06/2012	-	Amalgamated	NO
18	U45400MH2007PTC172262	VIA INVESTMENT CONSULTANTS PRIVATE LIMITED	Director	07/09/2012	29/06/2012	-	Amalgamated	NO
19	U63023GJ2008PLC052813	GREEN CHANNEL LOGI-SOLUTIONS LIMITED	Director	28/09/2013	08/12/2012	-	Active	NO
20	U73100GJ2012PTC070636	INVERIKA BIORESEARCH PRIVATE LIMITED	Director	03/12/2013	08/12/2012	-	Active	NO
21	U24230GJ2012PLC071212	CASIL INDUSTRIES LIMITED	Director	17/01/2014	08/12/2012	-	Active	NO
22	U24230GJ2012PTC069227	CASIL BG MEDICAL DEVICES PRIVATE LIMITED	Director	26/08/2013	08/12/2012	-	Active	NO
23	U85110TN1997PLC039016	APOLLO HOSPITALS INTERNATIONAL LIMITED	Additional director	08/12/2012	08/12/2012	-	Active	NO
24	U24231GJ1973PLC002286	CADILA LABORATORIES PRIVATE LIMITED	Director appointed in casual vacancy	24/12/2012	24/12/2012	-	Active	NO
25	U70102MH2012PTC234792	Great View Real Estates Private Limited	Director	20/08/2013	10/01/2013	-	Active	NO
26	U74999MH2012PLC235072	GARWARE INDUSTRIEES LIMITED	Director	19/08/2013	10/01/2013	-	Active	NO
27	U70101GJ2013PTC074111	IRM PROPERTIES PRIVATE LIMITED	Director	21/03/2013	21/03/2013	-	Amalgamated	NO
28	U65993GJ2009PTC056511	CPL HOLDINGS Private Limited	Director	27/09/2013	01/06/2013	-	Active	NO
29	U01403GJ2009PTC056669	CPL AGRO PRODUCTS Private Limited	Director	27/09/2013	01/06/2013	-	Active	NO
30	U74999GJ2009PTC058116	IRM ENTERPRISES PRIVATE LIMITED	Director	27/09/2013	01/06/2013	-	Active	NO
31	U45209GJ2008PTC055133	CPL INFRASTRUCTURE PRIVATE LIMITED	Director	27/09/2013	01/06/2013	-	Active	NO

Name :

Mr. Chinubhai Ramanlal Shah

Designation :

Director

Address :

402, Heritage Cresent, Behind Prahladnagar Garden, Near Jain Derasar, S. G. Highway, Ahmedabad – 380051, Gujarat, India

Date of Birth/Age :

04.06.1937

Qualification :

M.A., L.L.M. (Gold Medalist), DLP, DTP, FCS, Life Fellow AIMA

Date of Appointment :

31.03.2001

DIN No.:

00558310

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	L15140GJ1985PLC007845	ADI FINECHEM LIMITED	Director	28/04/1993	28/04/1993	01/04/2010	Active	NO
2	L55910GJ1992PLC018623	ARMAN FINANCIAL SERVICES LIMITED	Director	18/10/1994	18/10/1994	-	Active	NO
3	L24110GJ1995PLC024052	MEGHMANI ORGANICS LIMITED	Director	28/07/2014	13/04/2000	-	Active	NO
4	L51100GJ1993PLC019067	ADANI ENTERPRISES LIMITED	Director	20/10/2000	20/10/2000	23/04/2008	Active	NO
5	U80302GJ2001PTC039156	GUJARAT EDUCATION AND TRANING COMPANY PRIVATE LIMITED	Director	10/01/2001	10/01/2001	12/02/2008	Strike off	NO
6	U24231GJ1991PLC015132	CADILA PHARMACEUTICALS LIMITED	Director	31/03/2001	31/03/2001	-	Active	NO
7	U85110GJ2002NPL040355	INDIA RENAL FOUNDATION	Director	15/01/2002	15/01/2002	-	Active	NO
8	U24240GJ1980PLC003670	NIRMA LIMITED	Director	06/06/2002	06/06/2002	-	Active	NO
9	L28112WB1920PLC003606	THE TINPLATE COMPANY OF INDIA LIMITED	Nominee director	03/09/2002	03/09/2002	08/09/2008	Active	NO
10	L51909WB1986PLC040098	GUJARAT NRE COKE LIMITED	Director	18/12/2003	18/12/2003	18/03/2014	Active	NO
11	U52100GJ1965PLC001347	GSEC LIMITED	Director	18/03/2004	18/03/2004	-	Active	NO
12	U92190GJ2005PLC046225	GULMOHAR GREENS-GOLF AND COUNTRY CLUB LIMITED	Director	18/08/2005	18/08/2005	-	Active	NO
13	U85110GJ2001PLC039758	NEFRON LIMITED	Director	24/10/2005	24/10/2005	07/04/2007	Strike off	NO
14	U85110TN1997PLC039016	APOLLO HOSPITALS INTERNATIONAL LIMITED	Director	31/07/2006	31/07/2006	-	Active	NO
15	U74140GJ1995PLC027080	SALINE AREA VITALISATION ENTERPRISE LIMITED	Director	22/08/2006	22/08/2006	-	Active	NO
16	U24110GJ1995PTC025307	DOSHION Private Limited	Director	04/11/2006	04/11/2006	25/01/2013	Active	NO
17	L40100GJ1996PLC030533	ADANI POWER LIMITED	Director	25/09/2008	25/04/2008	01/07/2012	Active	NO
18	L27100GJ1993PLC020552	SHILP GRAVURES LIMITED	Director	03/09/2014	30/07/2008	-	Active	NO
19	U40100GJ2008PLC054425	ABELLON CLEANENERGY LIMITED	Director	23/11/2009	10/12/2008	27/12/2012	Active	NO
20	U24100GJ2007PLC051717	MEGHMANI FINECHEM LIMITED	Director	28/07/2009	25/03/2009	-	Active	NO

Name :

Mr. Pradip Navin Khandwalla

Designation :

Director

Address :

B/101, Jupiter Tower, Opposite Samkit Bunglows, Bodakdev, Ahmedabad – 380054, Gujarat, India

Date of Birth/Age :

18.02.1940

Qualification :

B. Com. (Com), MBA (Wharton, Penn.), Ph.D. (Carnegie-Mellon), ACA

Date of Appointment :

14.09.2007

DIN No.:

00064643

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	L23203GJ1980PLC003623	GUJARAT GAS COMPANY LIMITED	Director	01/03/2001	01/03/2001	-	Active	NO
2	U24220GJ1991PTC016598	MICRO INKS Private Limited	Director	13/01/2005	13/01/2005	01/05/2013	Active	NO
3	U24110GJ1980PLC004091	GUJARATGAS TRADING COMPANY LIMITED	Director	22/12/2005	22/12/2005	-	Active	NO
4	U24231GJ1991PLC015132	CADILA PHARMACEUTICALS LIMITED	Director	29/09/2007	14/09/2007	-	Active	NO
5	U99999DL1983NPL014987	AGA KHAN RURAL SUPPORT PROGRAMME (INDIA)	Director	07/04/2008	07/04/2008	-	Active	NO
6	U65991MH1992PLC069414	BARODA PIONEER ASSET MANAGEMENT COMPANY LIMITED	Director	23/09/2008	27/06/2008	27/09/2011	Active	NO
7	U74999HR2000PLC035269	GROW TALENT COMPANY LIMITED	Director	22/09/2009	25/09/2008	-	Active	NO

Name :

Mr. Daya Nand Khurana

Designation :

Director

Address :

288, Vasant Enclave, Vasant Vihar, New Delhi - 110057, India

Date of Birth/Age :

15.05.1935

Qualification :

B.E.(EC)

Date of Appointment :

04.07.2003

DIN No.:

00020601

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	U24231GJ1991PLC015132	CADILA PHARMACEUTICALS LIMITED	Director	04/07/2003	04/07/2003	-	Active	NO
2	L31900DL1983PLC016304	HAVELLS INDIA LIMITED	Director	28/10/2005	28/10/2005	05/07/2010	Active	NO
3	U29299DL1987PLC029949	RRB ENERGY LIMITED	Director	29/09/2008	17/12/2007	-	Active	NO
4	U91990DL2007PLC158833	Syenergy Environics Limited	Director	19/06/2012	19/06/2012	-	Active	NO

Name :

Mr. Atul Bipinbhai Tandon

Designation :

Director

Address :

A/43, Royal Orchid, Corporate Road, Opposite Prahlad Nagar Gardens, Prahlad Nagar, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

03.01.1948

Qualification :

B. Tech from I.I.T, Bombay and PGDBA from IIM, Ahmedabad

Date of Appointment :

04.07.2003

DIN No.:

00165667

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	U74300MH1999PTC118388	ASAPP MEDIA PRIVATE LIMITED	Director	17/02/1999	17/02/1999	-	Active	NO
2	L51109WB1934PLC088167	J L MORISON (INDIA) LIMITED	Director	18/06/2003	18/06/2003	-	Active	NO
3	U24231GJ1991PLC015132	CADILA PHARMACEUTICALS LIMITED	Director	04/07/2003	04/07/2003	-	Active	NO
4	U65990MH1994GOI081616	BOBCARDS LIMITED	Director	26/09/2005	26/09/2005	25/11/2013	Active	NO
5	U74990MH2008PTC188627	SpaceandPeople India Private Limited	Director	18/12/2008	18/12/2008	30/06/2010	Active	NO
6	U30007MH1999PLC258850	IPFONLINE LIMITED	Director	30/09/2014	01/11/2013	-	Active	NO

Name :

Mr. Narendra Jamnadas Jhaveri

Designation :

Director

Address :

C-42, Samprat Residency, Premchandnagar, Bodakdev, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

09.08.1935

Date of Appointment :

07.05.2013

DIN No.:

00198912

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	U27203WB1938PLC009515	INDIAN ALUMINIUM CO LIMITED	Director	26/10/1991	26/10/1991	-	Amalgamated	NO
2	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	22/03/1996	22/03/1996	-	Active	NO
3	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	29/03/1996	29/03/1996	28/07/2010	Active	NO
4	L24100MH1969PLC014336	PIDILITE INDUSTRIES LIMITED	Director	18/06/1996	18/06/1996	-	Active	NO
5	U72900MH1995PLC095642	NSDL e-Governance Infrastructure Limited	Director	18/10/1996	18/10/1996	09/08/2007	Active	NO
6	L29308MH1954PLC009371	VOLTAS LIMITED	Director	10/08/1998	10/08/1998	09/08/2010	Active	NO
7	L29130MH1961PLC011980	SKF INDIA LIMITED	Director	10/02/2000	10/02/2000	05/03/2011	Active	NO
8	L28920MH1957PLC010839	SIEMENS LIMITED	Director	09/11/2000	09/11/2000	-	Active	NO
9	U55101MH1985PTC152863	JUNIPER HOTELS PRIVATE LIMITED	Director	13/06/2001	13/06/2001	-	Active	NO
10	U99999MH1986PLC093854	Siemens Technology and Services Private Limited	Director	01/04/2005	01/04/2005	26/09/2009	Active	NO
11	L21011WB1936PLC008726	STAR PAPER MILLS LIMITED.	Director	30/05/2005	30/05/2005	22/05/2007	Active	NO
12	L40200GJ1998SGC035188	GUJARAT STATE PETRONET LIMITED	Director	28/09/2006	01/10/2005	02/02/2009	Active	NO
13	L27020MH1958PLC011238	HINDALCO INDUSTRIES LIMITED	Director	24/09/2014	30/01/2006	-	Active	NO
14	U85110KA1999PTC024701	MANIPAL HEALTH SYSTEMS PRIVATE LIMITED	Director	17/05/2006	17/05/2006	08/03/2008	Active	NO
15	L26940MH2000PLC128420	ULTRATECH CEMENT LIMITED	Director	20/07/2007	16/10/2006	04/04/2012	Active	NO
16	L85910GJ1974PLC002595	SIEMENS HEALTHCARE DIAGNOSTICS LIMITED	Additional director	30/04/2007	30/04/2007	-	Amalgamated	NO
17	U67190MH2007PTC168303	Phoenix ARC Private Limited	Director	02/09/2008	29/06/2007	-	Active	NO
18	L99999MH1995PLC094641	Edelweiss Financial Services Limited	Director	25/07/2014	21/07/2007	-	Active	NO
19	U65923GJ1990PLC013966	GVFL LIMITED	Director	23/09/2008	06/12/2007	12/08/2013	Active	NO
20	U67110AP1993PLC052266	EDELWEISS SECURITIES LIMITED	Director	09/09/2014	14/01/2008	-	Active	NO
21	L26959GJ2009PLC058011	SAMRUDDHI CEMENT LIMITED	Director	24/07/2010	18/05/2010	-	Amalgamated	NO
22	U24231GJ1991PLC015132	CADILA PHARMACEUTICALS LIMITED	Director	30/12/2013	07/05/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Shreyas Kunjvihari Parikh
Designation :	Secretary
Address :	B/001, Aakashdeep Anne, Near Shreyas Railway Crossing, Ambawadi – 380006, Gujarat, India
Date of Birth/Age :	12.08.1957
Date of Appointment :	22.02.2008
PAN No.:	AEIPP6513R

MAJOR SHAREHOLDERS

As on 30.12.2013

Names of Shareholders	No. of Shares
R. I. Modi (Karta of I.A. Modi HUF)	10
R. I. Modi (Trustee of IRM Trust)	79999976
R. I. Modi (Trustee of Mansi Trust)	10
IRM Limited, India	1
Karnavati Engineering Limited, India	1
Green Channel Logi Solutions Limited, India	1
Minikaben Modi	1
Total	80000000

Equity Share Break up (Percentage of Total Equity)

As on 30.12.2013

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Importer of Pharmaceuticals Products.

Products :

Product Description	Item Code No. (ITC Code)
Ethambutol	29051410
Ranitidine	29420014
Sulphameth Axazole	29350011

Brand Names :

--

Agencies Held :

--

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Remark :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Remark :	Not Divulged

No. of Employees :

Information denied by management

Bankers :

• Union Bank of India, IFB, C. U. Shah Chambers, Ashram Road, Ahmedabad - 380014, Gujarat, India
• Bank of Baroda, Corporate Financial Services Branch, 1st Floor, BOB Towers, Opposite Law Garden, Ellisbrdige, Ahmedabad - 380009, Gujarat, India
• Export-Import Bank of India, Centre One Building, Floor 21, World Trade Centre Complex; Cuffe Parade, Mumbai - 400005, Maharashtra, India
• Indian Overseas Bank, 401, 403 Sigma Legacy, Near Polytechnic Cross Road, IIRM Road, Ahmedabad - 380015, Gujarat, India
• Bank of India
• Corporation Bank
• ICICI Bank Limited
• Vijaya Bank
• HDFC Bank Limited
• Canara Bank
• Syndicate Bank
• Dena Bank
• Central Bank of India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
LONG TERM BORROWINGS
Rupee term loans from banks	2409.028	2615.468
Other loans and advances	80.643	58.505
SHORT TERM BORROWINGS
Working capital loans from banks	1633.592	1456.278
Total	4123.263	4130.251

1. Securities for Term Loans :

1. Term loans of Rs.2792.937 Millions (includes Rs. 849.075 Millions as per Note 11) from Banks secured by first pari passu charge on all movable and immovable fixed assets of the Company, except land and building at Jammu and vehicles as mentioned at [d] below, by way of Equitable Mortgage on land and building and hypothecation of plant and machinery (both present and future). The loans are further secured by second charge on current assets of the Company.

2. Term loans of Rs. 47.517 Millions (shown in Note 11) from Banks secured by first pari passu charge on all movable and immovable fixed assets of the Company, except land and building at Jammu and vehicles as mentioned at [d] below, by way of Equitable Mortgage on land and building and hypothecation of plant and machinery (both present and future). The loans are further secured by second charge on current assets of the Company and pledge of shares of Apollo Hospital International Limited in favour of respective banks.

3. Term loans of Rs.312.000 Millions from Banks secured by second pari passu charge on all movable and immovable fixed assets of the Company, except land and building at Jammu and vehicles as mentioned at [d] below, by way of Equitable Mortgage on land and building and hypothecation of plant and machinery (both present and future).

4. Vehicle loan of Rs.121.169 Millions (includes Rs.40.526 Millions as per Note 11) is secured by hypothecation of specific vehicles financed out of the loans.

2. Terms of repayment :

1. Term Loan from Bank of Baroda Rs.120.000 Millions carries interest @ BR+2 % p.a. and repayable in 20 quarterly installments after moratorium of 2 years.
2. Term Loan from Bank of Baroda of Rs.408.000 Millions carries interest @ BR+ 2% p.a. and repayable in 20 quarterly installments after moratorium of 2 years.
3. Term Loan from Bank of Baroda of Rs.650.000 Millions carries interest @ BR+ 2% p.a. and repayable in 16 quarterly installments after moratorium of 2 years.
4. Term Loan from Syndicate Bank of Rs. 18.757 Millions carries interest @ BR + 2.50% p.a. and repayable in 16 quarterly installments after moratorium of 3 years.
5. Term Loan from Dena Bank of Rs.699.937 Millions carries interest @ BR + 2.25% p.a. and repayable in 16 quarterly installments after moratorium of 2 years.
6. Term Loan from EXIM Bank of Rs.312.000 Millions carries interest @ LTMLR+2.30% p.a. and repayable in 20 quarterly installments after moratorium of 2 years
7. Term Loan from Central Bank of India of Rs. 125.000 Millions carries interest @ BR+ 2.25% p.a. and repayable in 16 quarterly installments after moratorium of 2 years
8. Term Loan from Central Bank of India of Rs. 275.000 Millions carries interest @ BR+2.25% p.a. and repayable in 16 quarterly installments after moratorium of 2 years
9. Term Loan from Corporation Bank of Rs.28.760 Millions carries interest @ BR+2.50% p.a. and repayable in 16 quarterly installments after moratorium of 3 years.
10. Term Loan from Indian Overseas Bank of Rs.150.000 Millions carries interest @ BR+ 2.25% p.a. and repayable in 16 quarterly installments after moratorium of 2 years.
11. Term Loan from Indian Overseas Bank of Rs.365.000 Millions carries interest @ BR+1.25% p.a. and repayable in 20 quarterly installments after moratorium of 2 years.
12. Term Loan from Vijaya Bank of Rs.79.750 Millions carries interest @ BR+2.50% p.a. and repayable in 20 quarterly installments after moratorium of 2 years.
13. Term Loan from Vijaya Bank of Rs.111.032 Millions carries interest @ BR+1.60% p.a. and repayable in 111 monthly installments.

The amounts shown above from B[a] to B[m] includes current portion of loans as shown as per Note 11.

3. Vehicle loan carries interest @ 7.83 % to 14 % and repayable in 36 months to 60 months installments.

4. Deposits accepted for the period 1 year to 3 years and carries interest @ 1% & 7.50% p.a.

5. Unsecured loan from Dept. of Science and Technology carries interest of 2% to 3% and repayable in 2-15 years period.

6. There are no defaults in repayment of loan and interest thereon as on March 31, 2013 for all the loans under this head.

Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	Heritage', 3rd Floor, Near Gujarat Vidypith, Off. Ashram Road, Ahmedabad – 380014, Gujarat, India
PAN No.:	AABFD7919A
Memberships :	--
Collaborators :	--
Subsidiary company :	· CPL Biologicals Private Limited CIN No.: U01403GJ2009PTC056409 · CPL Agro Products Private Limited CIN No.: U01403GJ2009PTC056669 · CPL Holdings Private Limited CIN No.: U65993GJ2009PTC056511 · CPL Inc. · Cadila Pharmaceuticals (Ethiopia) Private Limited · Cadila Pharmaceuticals (E.A) Limited · Interpharma Ind Limited · Kadera Yakuhin Limited · Satellite Overseas Holdings Limited (SOHL)
Associate :	· CASIL Health Products Limited CIN No.: U51909GJ1995PLC027839 · CASIL Industries Limited CIN No.: U24231GJ2000PLC038320 · StemCyte India Therapeutics Private Limited U85100GJ2008FTC052859
Joint venture :	· Apollo Hospitals International Limited CIN No.: U85110TN1997PLC039016 · Casil BG Medical Devices
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· CPL Infrastructure Private Limited · CIN No.: U67120GJ1995PTC025713 · Green Channel Logi-Solutions Limited · CIN No.: U63023GJ2008PLC052813 · Inverika Bioresearch Private Limited · CIN No.: U73100GJ2012PTC070636 · IRM Enterprises Private Limited · CIN No.: U74999GJ2009PTC058116 · I.A. Modi Family Trust · A.J. Modi Family Trust · IRM Holding · IRM Trust · Indraj Trust · Karnavati Engineering Limited · Manendra Family Trust · Mansi Family Trust · Mayur Family Trust · Mihir Family Trust · Omni Care Pharmaceuticals Limited · Raj Trust · Shantaben Family Will Trust · Shilraj Trust

CAPITAL STRUCTURE

AFTER 30.12.2013

Authorised Capital: Rs.846.000 Millions

Issued, Subscribed & Paid-up Capital: Rs.845.739 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
80000000	Equity Shares	Rs.10/- each	Rs.800.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
80000000	Equity Shares	Rs.10/- each	Rs.800.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	800.000	800.000	800.000
(b) Reserves & Surplus	2649.738	1519.643	1427.297
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	45.739	0.000	0.000
Total Shareholders’ Funds (1) + (2)	3495.477	2319.643	2227.297
(3) Non-Current Liabilities
(a) long-term borrowings	3355.522	3562.681	3114.053
(b) Deferred tax liabilities (Net)	533.130	506.056	490.447
(c) Other long term liabilities	239.457	216.247	225.954
(d) long-term provisions	34.081	22.199	20.447
Total Non-current Liabilities (3)	4162.190	4307.183	3850.901
(4) Current Liabilities
(a) Short term borrowings	1633.592	1456.278	1379.937
(b) Trade payables	1927.810	1510.784	1022.431
(c) Other current liabilities	1566.408	1330.906	1238.844
(d) Short-term provisions	161.642	82.386	34.384
Total Current Liabilities (4)	5289.452	4380.354	3675.596
TOTAL	12947.119	11007.180	9753.794
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	4936.297	3452.190	3399.715
(ii) Intangible Assets	24.766	20.862	16.004
(iii) Capital work-in-progress	653.876	467.041	444.523
(iv) Intangible assets under development	79.850	50.104	0.000
(b) Non-current Investments	1495.097	1308.584	1197.025
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	947.042	1043.679	740.789
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	8136.928	6342.460	5798.056
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1563.096	1535.482	1506.732
(c) Trade receivables	2285.704	2299.033	1781.776
(d) Cash and cash equivalents	311.753	170.057	201.900
(e) Short-term loans and advances	585.958	559.008	348.512
(f) Other current assets	63.680	101.140	116.818
Total Current Assets	4810.191	4664.720	3955.738
TOTAL	12947.119	11007.180	9753.794

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	10847.912	9180.545	7816.194
		Other Income	120.054	115.540	84.338
		TOTAL	10967.966	9296.085	7900.532
Less	EXPENSES
		Cost of Materials Consumed	3381.237	3127.037	2935.607
		Purchases of Stock-in-Trade	883.621	650.190	530.257
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	27.205	(14.338)	(278.820)
		Employees benefits expense	1921.180	1491.765	1199.865
		Other expenses	3042.351	2574.240	2415.274
		TOTAL	9255.594	7828.894	6802.183
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1712.372	1467.191	1098.349
Less	FINANCIAL EXPENSES		643.567	609.876	444.627
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		1068.805	857.315	653.722
Less/ Add	DEPRECIATION/ AMORTISATION		269.546	255.268	242.856
Less	EXCEPTIONAL ITEMS		452.480	404.260	253.960
	PROFIT BEFORE TAX		346.779	197.787	156.906
Less	TAX		46.325	55.932	61.733
	PROFIT AFTER TAX		300.454	141.855	95.173
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	3795.450	2927.473	2108.067
		Other Earnings	20.712	12.042	7.307
	TOTAL EARNINGS		3816.162	2939.515	2115.374
	IMPORTS
		Raw Materials	454.231	242.276	246.032
		Stores & Spares	8.001	9.302	16.410
		Capital Goods	73.167	84.684	140.428
	TOTAL IMPORTS		535.399	336.262	402.870
	Earnings Per Share (Rs.)		3.76	1.77	1.19

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	2.77	1.55	1.22
Operating Profit Margin (PBDIT/Sales)	(%)	15.79	15.98	14.05
Return on Total Assets (PBT/Total Assets}	(%)	3.24	2.15	1.93
Return on Investment (ROI) (PBT/Networth)		0.10	0.09	0.07
Debt Equity Ratio (Total Debt /Networth)		1.43	2.16	2.02
Current Ratio (Current Asset/Current Liability)		0.91	1.06	1.08

FINANCIAL ANALYSIS