MIRA
INFORM REPORT
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Report No. : |
308055 |
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Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
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Name : |
FOURRTS (INDIA) LABORATORIES PRIVATE LIMITED (w.e.f.12.06.1996) |
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Formerly Known
As : |
FOURTS ( |
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Registered
Office : |
Plot No. 1 and 2, |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
31.03.1979 |
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Com. Reg. No.: |
007782 |
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Capital
Investment / Paid-up Capital : |
Rs.293.684 Millions |
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CIN No.: [Company Identification
No.] |
U85185TN1979PTC007782 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACF0467F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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The Company is engaged primarily in manufacturing and sale of pharmaceutical formulations. |
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No. of Employees
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2000 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limits : |
USD 2090000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory 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 normal and acceptable for business dealing. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. 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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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India |
A1 |
A1 |
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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
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Rating Agency Name |
CRISIL |
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Rating |
Long term rating = BBB |
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Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
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Date |
13.02.2015 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating = A2+ |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
13.02.2015 |
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
31-03-2014.
INFORMATION DENIED BY
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Name : |
Mr. Ganesh |
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Designation : |
Secretary |
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Contact No.: |
91-44-24581666 |
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Date : |
13.02.2015 |
LOCATIONS
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Registered/ Corporate office : |
Plot No. 1 and 2, |
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Tel. No.: |
91-44-24581666/24581899 / 4344 1880 (10
Lines) |
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Fax No.: |
91-44-24581199 / 4282 9592 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Area: |
5000 sq. ft. |
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Factory 1 : |
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Tel. No.: |
91-44-27474325 / 4740 4310 (5 lines) |
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Fax No.: |
91-44-27475083 |
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E-Mail : |
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Location : |
Owned |
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Area: |
10000 sq. ft. |
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Factory 2 : |
# 23, Venkatamangalam, Kandigai, Chennai- 600048, Tamilnadu, India |
DIRECTORS
AS ON 07.09.2012
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Name : |
Sekharipuram Viswanathan Veeramani |
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Designation : |
Managing director |
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Date of Appointment : |
31.03.1979 |
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DIN No.: |
00907641 |
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Name : |
Radha Veeramani |
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Designation : |
Director |
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Date of Appointment : |
31.10.1991 |
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DIN No.: |
02878823 |
KEY EXECUTIVES
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Name : |
Mr. Ganesh |
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Designation : |
Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.09.2012
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Names of Shareholders |
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No. of Shares |
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Lalitha Guru |
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675 |
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Aishwarya |
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1225 |
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K S Narayanswamy |
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300 |
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C H Kamalam |
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1900 |
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S P Gopalakrishnan |
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650 |
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Parvathi Ramachandran |
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600 |
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S P Ramachandran |
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600 |
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P S Ramachandran |
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4000 |
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Lalitha Gopalakrishnan |
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550 |
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Ashwin |
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1600 |
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R Rajagopal |
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75 |
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Uma Venkatesh |
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3000 |
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S V Veerramani |
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950000 |
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K S Kamala |
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2000 |
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V Gayathri |
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118805 |
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K |
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700 |
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V Nithya |
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116180 |
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Radha Veirramani |
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1001030 |
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1900 |
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M Radha |
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250 |
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P Kamla |
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650 |
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L |
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350 |
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Nalina Seshadri |
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2000 |
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Vidya Hariharan |
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2400 |
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R Seshadri |
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2000 |
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K |
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750 |
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Suguna Ravi |
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2250 |
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S |
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2000 |
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S V Subramanian |
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8000 |
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Geetha Narayanan |
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2000 |
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J. Sunder |
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3200 |
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L. Mohan Iyer |
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3200 |
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Total
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2234840 |
ALLOTTEES AS ON 30.11.2012
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Names of Shareholders |
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No. of Shares |
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S.V. Veerramani |
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200000 |
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Radha Veirramani |
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204000 |
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Total |
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404000 |
ALLOTTEES AS ON 30.11.2013
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Names of Shareholders |
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No. of Shares |
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S.V. Veerramani |
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280000 |
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Radha Veirramani |
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274000 |
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Total |
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554000 |
AS ON 07.09.2012
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage of Holding |
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Directors or relatives of Directors |
99.00 |
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Other top fifty shareholders |
1.00 |
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Total |
100.00 |
%20LABORATORIES%20PRIVATE%20LIMITED%20%20-%20308055%2016-Feb-2015_files/image002.gif)
BUSINESS DETAILS
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Line of Business : |
The Company is engaged primarily in manufacturing and sale of pharmaceutical formulations. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
ACTUAL PRODUCTION
FOR EACH CLASS OF GOODS AS ON 31.03.2011
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Description |
Unit |
Qty. |
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Tablets |
Lacs |
13,876.78 |
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Capsules |
Lacs |
549.57 |
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Liquids |
Ltrs. |
8,73,500.05 |
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Ointments |
Kgs. |
1,42,392.14 |
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Vials |
Kgs. |
4,056.00 |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
2000 (Approximately) |
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Bankers : |
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State Bank of India, Industrial Finance Branch, No.155,
Ann Salai, Chennai – 600002, Tamilnadu,
India ·
Axis Bank, Adyar,
Chennai, Tamilnadu, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
Vijayaraghavan and Associates Chartered Accountants |
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Address : |
Old No. 23, 51, Giri Road, T. Nagar, Chennai – 600 017, Tamilnadu,
India |
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PAN No.: |
AAAFV1842R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 10.08.2013
Authorised Capital : Rs.500.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.380.084 Millions
AS ON 31.03.2013
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50,00,000 |
Equity Shares |
Rs.100/- each |
Rs.500.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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29,36,840 |
Equity Shares |
Rs.100/- each |
Rs.293.684
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
293.684 |
223.484 |
160.124 |
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(b) Reserves & Surplus |
436.210 |
454.625 |
408.658 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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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) |
729.894 |
678.109 |
568.782 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
255.027 |
414.939 |
381.183 |
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(b) Deferred tax liabilities (Net) |
63.658 |
14.773 |
12.720 |
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(c) Other long term liabilities |
13.982 |
15.532 |
15.432 |
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(d) long-term provisions |
37.511 |
36.125 |
29.495 |
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Total Non-current Liabilities (3) |
370.178 |
481.369 |
438.830 |
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(4) Current Liabilities |
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(a) Short term
borrowings |
631.128 |
474.584 |
433.381 |
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(b) Trade payables |
226.366 |
245.793 |
224.679 |
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(c) Other current
liabilities |
13.226 |
12.500 |
10.339 |
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(d) Short-term provisions |
102.508 |
76.088 |
85.422 |
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Total Current Liabilities (4) |
973.228 |
808.965 |
753.821 |
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TOTAL |
2073.300 |
1968.443 |
1761.433 |
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II. ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i)
Tangible assets |
837.405 |
151.150 |
153.858 |
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(ii) Intangible Assets |
70.473 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
0.000 |
612.458 |
386.186 |
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(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.003 |
0.003 |
0.003 |
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(c) Deferred tax assets (net) |
10.942 |
19.848 |
15.780 |
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(d) Long-term Loan and Advances |
8.739 |
6.728 |
6.104 |
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(e) Other Non-current assets |
0.000 |
148.836 |
47.733 |
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Total Non-Current Assets |
927.562 |
939.023 |
609.664 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
186.097 |
164.344 |
113.946 |
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(c) Trade receivables |
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