MIRA INFORM REPORT
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Report No. : |
308177 |
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Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPRIYA LIFESCIENCE LIMITED |
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Registered
Office : |
207/208, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai – 400
063, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
26.03.2008 |
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Com. Reg. No.: |
11-180452 |
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Capital
Investment / Paid-up Capital : |
Rs.48.789
millions |
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CIN No.: [Company Identification
No.] |
U51900MH2008PLC180452 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS59819E |
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PAN No.: [Permanent Account No.] |
AALCS8686A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Active Pharmaceutical Ingredient (API) and Drug Intermediates. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
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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 Limit : |
USD 733000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was setup as a partnership concern in the year 1984 under the
name “Supriya Chemicals”. Further in the year 2008 it was reconstituted as public
limited company with the current name. It is an established company having
satisfactory track. Management has filed Form 66 depicting Compliance Certificate for FY
14 whereas, failed to file any other documents for the same year with the
statutory authorities. As per available, the company possesses an average financial profile
marked by adequate net worth base along with high working capital nature of
its operations. Management has witnessed a better growth in its sales volume as well as
net profitability during FY 13. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of sufficient credit worthy character and experience of the
promoters, the subject can be considered 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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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
NOT AVAILABLE
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 PARTED BY
|
Name : |
Mr. Vijay Kulkarni |
|
Designation : |
Finance Manager |
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Contact No.: |
91-22-40332727 |
|
Date : |
16.02.2015 |
LOCATIONS
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Registered Office/ Corporate Office : |
207/208, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai – 400
063, Maharashtra, India |
|
Tel. No.: |
91-22-40332727/ 66942507 |
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Fax No.: |
91-22-26860011 |
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E-Mail : |
accounts@supriyalifescience.com |
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Website : |
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Factory : |
A-5/2, Lote Parshuram Industrial Area, M.I.D.C., Chiplun, Taluka Khed,
District Ratnagiri – 415 722,
Maharashtra India |
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Tel. No.: |
91-2356-272299 |
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Fax No.: |
91-2356-272178 |
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Email : |
DIRECTORS
AS ON 30.09.2013
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Name : |
Mr. Satish Waman Wagh |
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Designation : |
Managing Director |
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Address : |
4, Prabhas, Plot No.9, H.F. Society Road, Jogeshwari (East), Mumbai –
400 060, Maharashtra, India |
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Date of Birth/Age : |
29.12.1955 |
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Date of Appointment : |
01.06.2008 |
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DIN No.: |
01456982 |
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Other Directorship :
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Name : |
Mrs. Asha Waman Wagh |
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Designation : |
Whole-time Director |
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Address : |
Mangirish Building, Plot No.9, Ground Floor, Hindu Friends Society
Road, Gogeshwari (East), Mumbai – 400 060, Maharashtra, India |
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Date of Birth/Age : |
19.05.1932 |
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Date of Appointment : |
01.06.2008 |
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DIN No.: |
00833849 |
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Other Directorship :
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Name : |
Mrs. Smita Satish Wagh |
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Designation : |
Whole-time Director |
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Address : |
4, Prabhas, Plot No.9, H.F. Society Road, Jogeshwari (East), Mumbai –
400 060, Maharashtra, India |
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Date of Birth/Age : |
23.05.1958 |
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Date of Appointment : |
01.06.2008 |
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DIN No.: |
00833912 |
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Other Directorship :
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Name : |
Mr. Ananda Narayan Tawar |
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Designation : |
Additional
Director |
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Address : |
Flat
512, C Wing, Plot B11-B12, Sector 6, New Panvel (East), Panvel – 410 206,
Maharashtra, India |
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Date of Appointment : |
11.10.2014 |
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DIN No.: |
06993641 |
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KEY EXECUTIVES
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Name : |
Mr. Vijay Kulkarni |
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Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Satish Waman Wagh |
4837950 |
99.16 |
|
Asha Waman Wagh |
9750 |
0.20 |
|
Smita Satish Wagh |
21450 |
0.44 |
|
Kavita Waman Desai |
488 |
0.01 |
|
Shankar Sitaram Karmarkar |
4388 |
0.09 |
|
Deepak Ganpat Chavan |
488 |
0.01 |
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Dilip Vadilal Talsania |
488 |
0.01 |
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Sonali Satish Wagh |
1950 |
0.04 |
|
Shivani Satish Wagh |
1950 |
0.04 |
|
Total |
4878902 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage of
holding |
|
Directors or relatives of Directors |
99.88 |
|
Other top fifty shareholders |
0.12 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Active Pharmaceutical Ingredient (API) and Drug Intermediates. |
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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 : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash, Advance Payment and Credit |
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Purchasing : |
Cash, Advance Payment and Credit |
PRODUCTION STATUS (AS ON 31.03.2013):
|
Particulars |
Unit |
Actual Production |
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Bulk Drugs |
MT |
450.49 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
Development Credit Bank Limited, 601 and 602,
Peninsula Business Park, 6th Floor, Tower A, Senapati Bapat Marg,
Lower Parel,, Mumbai – 400 013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Siemens Financial Services Private Limited, 130, Pandurang Budhkar Marg, Worli, Mumbai – 400 018, Maharashtra, India |
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Auditors : |
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Name : |
P.K. Mutha and Company Chartered Accountants |
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Address : |
Alankar, 3rd Floor, 208, Samuel Street, Masjid Bunder
(West), Mumbai – 400 003, Maharashtra, India |
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Tel No.: |
91-22-23436467/ 23414361 |
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Fax No.: |
91-22-66336963 |
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Email : |
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PAN No.: |
AAFPM3396L |
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Other Related Parties : |
Swastik Industries |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
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|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4878902 |
Equity Shares |
Rs.10/- each |
Rs.48.789
millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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|
|
|
|
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I.
EQUITY AND LIABILITIES |
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|
|
|
(1) Shareholders' Funds |
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|
|
|
(a) Share Capital |
48.789 |
32.526 |
2.502 |
|
(b) Reserves & Surplus |
200.062 |
177.037 |
163.247 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
7.682 |
7.682 |
23.557 |
|
Total
Shareholders’ Funds (1) + (2) |
256.533 |
217.245 |
189.306 |
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
105.679 |
94.043 |
92.558 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
105.679 |
94.043 |
92.558 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
368.009 |
259.203 |
149.656 |
|
(b) Trade payables |
241.032 |
205.499 |
152.844 |
|
(c) Other current liabilities |
17.715 |
22.133 |
36.540 |
|
(d) Short-term provisions |
22.128 |
18.022 |
10.326 |
|
Total
Current Liabilities (4) |
648.884 |
504.857 |
349.366 |
|
|
|
|
|
|
TOTAL |
1011.096 |
816.145 |
631.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
385.480 |
318.733 |
292.615 |
|
(ii) Intangible Assets |
0.082 |
0.103 |
0.205 |
|
(iii) Capital work-in-progress |
3.179 |
3.896 |
4.241 |
|
(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 |
3.665 |
3.315 |
3.155 |
|
(e) Other Non-current assets |
0.312 |
0.218 |
0.110 |
|
Total
Non-Current Assets |
392.718 |
326.265 |
300.326 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
302.144 |
244.842 |
147.469 |
|
(c) Trade receivables |
176.793 |
157.405 |
122.536 |
|
(d) Cash and cash equivalents |
30.665 |
23.386 |
13.498 |
|
(e) Short-term loans and
advances |
108.776 |
64.247 |
47.401 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
618.378 |
489.880 |
330.904 |
|
|
|
|
|
|
TOTAL |
1011.096 |
816.145 |
631.230 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations (Net) |
921.057 |
782.588 |
597.307 |
|
|
Revolution reserve written
back |
2.580 |
0.000 |
0.000 |
|
|
Other Income |
24.799 |
21.842 |
11.387 |
|
|
TOTAL
|
948.436 |
804.430 |
608.694 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
605.232 |
570.454 |
418.801 |
|
|
Increase/ Decrease in inventories of work-in-progress and
Stock-in-Trade |
(29.875) |
(70.178) |
(48.626) |
|
|
Employees benefits expense |
49.695 |
39.394 |
24.992 |
|
|
Other expenses |
185.955 |
142.727 |
113.669 |
|
|
TOTAL
|
811.007 |
682.397 |
508.836 |
|
|
|
|
|
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|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
137.429 |
122.033 |
99.858 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
47.597 |
37.047 |
35.378 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
89.832 |
84.986 |
64.480 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/ AMORTISATION |
15.025 |
13.801 |
10.384 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
74.807 |
71.185 |
54.096 |
|
|
|
|
|
|
|
Less |
TAX |
26.367 |
24.500 |
14.749 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
48.440 |
46.685 |
39.347 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
106.603 |
60.210 |
21.113 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Proposed dividend payable |
3.253 |
0.250 |
0.250 |
|
|
Dividend distribution tax |
0.552 |
0.042 |
0.038 |
|
|
Transferred to share capital
for bonus shares |
14.255 |
0.000 |
0.000 |
|
|
Short tax provision of earlier
years |
2.768 |
0.000 |
0.000 |
|
|
BALANCE
CARRIED TO THE B/S |
134.215 |
106.603 |
60.210 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
509.972 |
521.780 |
448.686 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
241.031 |
156.554 |
74.526 |
|
|
Capital Goods |
3.248 |
1.004 |
0.000 |
|
|
TOTAL IMPORTS |
244.279 |
157.558 |
74.526 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.93 |
14.35 |
157.26 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1150.000 |
|
|
|
|
|
Expected Sales (2014-2015): Rs.1500.000 millions
The above information has been parted by Mr. Vijay Kulkarni (Finance
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.26 |
5.97 |
6.59 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
14.92 |
15.59 |
16.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.42 |
8.76 |
8.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.33 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.85 |
1.63 |
1.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
0.97 |
0.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
2.502 |
32.526 |
48.789 |
|
Reserves & Surplus |
163.247 |
177.037 |
200.062 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
23.557 |
7.682 |
7.682 |
|
Net worth |
189.306 |
217.245 |
256.533 |
|
|
|
|
|
|
Long Term borrowings |
92.558 |
94.043 |
105.679 |
|
Short Term borrowings |
149.656 |
259.203 |
368.009 |
|
Total borrowings |
242.214 |
353.246 |
473.688 |
|
Debt/Equity ratio |
1.279 |
1.626 |
1.846 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue
from Operations (Net) |
597.307 |
782.588 |
921.057 |
|
|
|
31.019 |
17.694 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue
from Operations (Net) |
597.307 |
782.588 |
921.057 |
|
Profit |
39.347 |
46.685 |
48.440 |
|
|
6.59% |
5.97% |
5.26% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
The registered office address of the company has been shifted from 4, Prabhas
Plot No.9, H.F. Society Road, Jogeshwari (East), Mumbai – 400 060, Maharashtra
to present address w.e.f. 16.12.2009.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans from banks and body corporates |
0.225 |
7.935 |
|
Loan from directors |
(2.368) |
5.982 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Unsecured loan installments repayable within one year |
7.623 |
6.347 |
|
Total |
5.480 |
20.264 |
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10536302 |
27/11/2014 |
41,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
C36800290 |
|
2 |
10528597 |
14/10/2014 |
47,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
C31934300 |
|
3 |
10519807 |
31/07/2014 |
3,600,000.00 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG,
WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
C19793603 |
|
4 |
10519805 |
31/07/2014 |
19,000,000.00 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR
MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
C19793264 |
|
5 |
10507995 |
03/07/2014 |
50,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
C10486090 |
|
6 |
10507223 |
26/06/2014 |
30,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
C09996885 |
|
7 |
10469569 |
20/12/2013 |
27,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B93285294 |
|
8 |
10465581 |
26/11/2013 |
8,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B91713172 |
|
9 |
10458319 |
24/10/2013 |
4,700,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B88824024 |
|
10 |
10458370 |
13/09/2013 |
5,061,146.00 |
SIEMENS FINANCIAL SERVICES
PRIVATE LIMITED |
130, PANDURANG BUDHKAR
MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B88833363 |
|
11 |
10446086 |
21/08/2013 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH
CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST), MUMBAI,
MAHARASHTRA |
B83581652 |
|
12 |
10446346 |
19/08/2013 |
5,000,000.00 |
DEVELOPMENT CREDIT BANK
LIMITED |
601 AND 602, PENINSULA BUSINESS
PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI, |
B83685271 |
|
13 |
10416343 |
20/03/2013 |
35,250,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH
CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST), MUMBAI,
MAHARASHTRA |
B72108236 |
|
14 |
10406495 |
01/02/2013 |
25,000,000.00 |
DEVELOPMENT CREDIT BANK
LIMITED |
601 AND 602, PENINSULA BUSINESS
PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI, |
B68993195 |
|
15 |
10406500 |
01/02/2013 |
47,000,000.00 |
DEVELOPMENT CREDIT BANK
LIMITED |
601 AND 602, PENINSULA BUSINESS
PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI, |
B68994276 |
|
16 |
10408311 |
11/01/2013 |
13,500,000.00 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR
MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B69726669 |
|
17 |
10368173 |
19/07/2012 |
20,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B44730133 |
|
18 |
10368165 |
05/07/2012 |
20,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B44729432 |
|
19 |
10360498 |
21/05/2012 |
5,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B41575390 |
|
20 |
10166123 |
28/11/2014 * |
101,102,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
C37833803 |
|
21 |
10162109 |
11/06/2009 |
45,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
GOREGAON EAST BRANCH, 1ST
FLOOR, RAGHUNATH KRUPA, WALAWALKAR WADI, GOREGAON EAST, MUMBAI,
MAHARASHTRA - 400063, INDIA |
A63860852 |
|
22 |
10161799 |
23/04/2009 |
19,214,371.00 |
CITI BANK N.A. |
CITITOWER, 61, DR. S. S.
RAO ROAD, PAREL, MUMBAI, MAHARASHTRA - 400012, INDIA |
A63819031 |
|
23 |
10166139 |
30/01/2014 * |
100,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH
CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST), MUMBAI,
MAHARASHTRA |
B95695656 |
|
24 |
10166142 |
20/11/2014 * |
770,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH
CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST), MUMBAI,
MAHARASHTRA |
C34497164 |
* Date of charge modification
FIXED ASSETS:
· Factory Land
· Factory Building
· Plant and Machinery
· Electrical Fittings
· Furniture and Fixtures
· Laboratory Equipments
· Motor Car
· Office Equipment
· Air Conditioners
· Office Premises
· Books
· Product Registration
· Computer
· Computer Software
· Motor Cycle
· Delivery Vehicles
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 records 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.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
-- PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.