IRA INFORM REPORT
|
Report No. : |
332066 |
|
Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
WOCKHARDT LIMITED |
|
|
|
|
Registered
Office : |
C-3, G Block, Wockhardt Towers, Bandra Kurla Complex, Bandra East, Mumbai
– 400051, Maharashtra |
|
Tel. No.: |
91-22-26534444 / 26533333 / 26522727 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
08.07.1999 |
|
|
|
|
Com. Reg. No.: |
11-120720 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3535.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24230MH1999PLC120720 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKW00152F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW2472M |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject engaged in the business of Manufacture and
Marketing of Pharmaceutical Products. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. There is drastic tip in the profit of the company during 2015.
However, general financial position of the company seems to be sound and
healthy. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitments. The company can be considered good for business dealings at usual
trade terms and conditions. Note: Subject has been found under RBI Defaulter’s list the name of Credit Grantors is Royal Bank of Scotland and the amount charged is Rs. 2607.37 Lacs dated 30-06-2011. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE RATING |
|
Rating |
Long Term Bank Facilities = Aa |
|
Rating Explanation |
Have high degree of safety and carry very low credit risk |
|
Date |
April 20, 2015 |
|
Rating Agency Name |
CARE RATING |
|
Rating |
Short Term Bank Facilities = A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk |
|
Date |
April 20, 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) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED
Management non co-operative (91-22-26534444)
LOCATIONS
|
Registered / Corporate Office : |
C-3, G Block, Wockhardt Towers, Bandra-Kurla Complex, Bandra (East),
Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-26534444 / 26533333 / 26522727 |
|
Fax No.: |
91-22-26522727 / 26522828 / 26534242 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
|
|
Tel. No.: |
91-240-6626444 |
|
Fax No.: |
91 240 6626333 |
|
|
|
|
Factory 2 : |
L1 M.I.D.C., Chikalthana, |
|
Tel. No.: |
91-240-6637444 |
|
Fax No.: |
91-240-6637333 |
|
|
|
|
Factory 3 : |
87A, Silver Industrial Estate, Bhimpore, Nani Daman - 396210, Union
Territory, India |
|
Tel. No.: |
91-260-6610300 / 6610333 |
|
Fax No.: |
91-260-2220940 |
|
|
|
|
Factory 4 : |
106/4,5,7 Kadaiya, Nani Daman 396210, Union Territory India |
|
Tel. No.: |
91260-6531306 |
|
Fax No.: |
91-260-2220214 |
|
|
|
|
Factory 5 : |
138 G.I.D.C. Estate, Ankleshwar 393002, District Bharuch, |
|
Tel. No.: |
91-2646-661444 |
|
Fax No.: |
91-2646-661555 |
|
|
|
|
Factory 6 : |
P O Barotiwala, District Solan, Himachal Pradesh 174103, India |
|
Tel. No.: |
91-1795-664444 |
|
Fax No.: |
91-1795-664242 |
|
|
|
|
Factory 7 : |
Ash Raod North, Wexham Industrial Estate, |
|
Tel. No.: |
+44-1978-661261 |
|
Fax No.: |
+44-1978-660130 |
|
|
|
|
Factory 8 : |
Ballymacarbry Clonmel Co., |
|
Tel. No.: |
+353-52-6186000 |
|
Fax No.: |
+353-52-6136311 |
|
|
|
|
Factory 9 : |
6451, |
|
Tel. No.: |
+1-847+9675600 |
|
Fax No.: |
+1-847-9672211 |
|
|
|
|
Factory 10 : |
B-15/2, MIDC Waluj-431136, Maharashtra, India |
|
Tel. No.: |
91-240-6636400 |
|
Fax No.: |
91-240-6636444 |
|
|
|
|
International Office : |
Located At:
|
|
|
|
|
Research Centers : |
Located At:
|
DIRECTORS
As on: 31.03.2014
|
Name : |
Dr. Habil Khorakiwala |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Dr. Huzaifa Khorakiwala |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Dr. Murtaza Khorakiwala |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Shekhar Datta |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Aman Mehta |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. R A Shah |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. D. S. Brar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Sanjaya Baru |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. V R Khetan |
|
Designation : |
Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of
Shareholder |
No. of Shares |
% of Holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
887625 |
0.81 |
|
|
81097757 |
73.77 |
|
|
81985382 |
74.58 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
81985382 |
74.58 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
626783 |
0.57 |
|
|
1438109 |
1.31 |
|
|
1400 |
0.00 |
|
|
10624240 |
9.66 |
|
|
12690532 |
11.54 |
|
|
|
|
|
|
1651833 |
1.50 |
|
|
|
|
|
|
9856265 |
8.97 |
|
|
1079096 |
0.98 |
|
|
2665435 |
2.42 |
|
|
349765 |
0.32 |
|
|
874619 |
0.80 |
|
|
6210 |
0.01 |
|
|
57100 |
0.05 |
|
|
100 |
0.00 |
|
|
1377641 |
1.25 |
|
|
15252629 |
13.88 |
|
Total Public
shareholding (B) |
27943161 |
25.42 |
|
Total (A)+(B) |
109928543 |
100.00 |
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
144360 |
0.00 |
|
|
144360 |
0.00 |
|
Total
(A)+(B)+(C) |
110072903 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Sl.No. |
Name of the
Shareholder |
Details of Shares held |
|
|
No. of Shares held |
As a % of grand total (A)+(B)+(C) |
||
|
1 |
Themisto Trustee Company Pvt Ltd |
6,58,97,757 |
59.87 |
|
2 |
Pasithee Trustee Company Pvt Ltd |
52,00,000 |
4.72 |
|
3 |
Ananke Trustee Company Pvt Ltd |
50,00,000 |
4.54 |
|
4 |
Callirhoe Trustee Company Pvt Ltd |
50,00,000 |
4.54 |
|
5 |
Habil F Khorakiwala |
4,42,785 |
0.40 |
|
6 |
Murtaza Habil Khorakiwala |
2,26,200 |
0.21 |
|
7 |
Huzaifa Habil Khorakiwala |
2,16,000 |
0.20 |
|
8 |
Nafisa Habil Khorakiwala |
2,640 |
0.00 |
|
|
Total |
8,19,85,382 |
74.48 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the
Shareholder |
No. of Shares
held |
|
|
1 |
Life Insurance Corporation Of India |
1326871 |
|
|
|
Total |
1326871 |
Details of Depository Receipts
(DRs)
|
Sl. No. |
Type of Outstanding
DR (ADRs, GDRs, SDRs, etc.) |
No. of Outstanding DRs |
No. of Shares Underlying |
Shares Underlying Outstanding DRs as % of
Total No. of Shares |
|
1 |
Global Depository Receipts (GDRs) |
1,44,360 |
1,44,360 |
0.13 |
|
|
Total |
1,44,360 |
1,44,360 |
0.13 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the business of Manufacture
and Marketing of Pharmaceutical Products |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Not Divulged
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million) (Rs. In Millions)
|
|
Auditors : |
|
|
Name : |
Haribhakti and Company Chartered Accountants |
|
|
|
|
Holding Company : |
|
|
|
|
|
Associates : |
|
|
|
|
|
Wholly Owned Subsidiaries : |
|
|
|
|
|
Fellow Subsidiary : |
|
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
As on: 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 3535.900
Million
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Rs.5/- each |
Rs. 1250.000 Millions |
|
2000000000 |
Preference Shares |
Rs.5/- each |
Rs. 10000.000 Millions |
|
|
TOTAL |
|
Rs. 11250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
109435903 |
Equity Shares |
Rs.5/- each |
Rs. 547.200 Millions |
|
167750 |
Add : Shares Issued during the year Pursuant to ESOS |
|
Rs. 0.900 Million |
|
121454927 |
Optionally Convertible Cumulative Redeemable Preference Shares |
Rs.5/- each |
Rs. 607.200 Millions |
|
475659941 |
Non-Convertible Cumulative Redeemable Preference Shares |
Rs.5/- each |
Rs. 2378.300 Millions |
|
|
|
|
|
|
|
TOTAL |
|
Rs. 3534.300 Millions |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
EQUITY AND
LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
3535.900 |
3534.300 |
3533.400 |
|
(b) Reserves & Surplus |
10165.000 |
8821.300 |
7633.800 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
13700.900 |
12355.600 |
11167.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
5677.300 |
70.000 |
95.200 |
|
(b) Deferred tax liabilities (Net) |
1316.000 |
1367.000 |
1205.500 |
|
(c) Other long term
liabilities |
0.000 |
6286.300 |
0.000 |
|
(d) long-term provisions |
334.800 |
280.500 |
260.800 |
|
Total Non-current
Liabilities (3) |
7328.100 |
8003.800 |
1561.500 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term
borrowings |
2701.700 |
1744.400 |
1631.700 |
|
(b) Trade payables |
3444.000 |
3306.900 |
4693.000 |
|
(c) Other current
liabilities |
14048.100 |
8231.800 |
11746.500 |
|
(d) Short-term
provisions |
266.500 |
271.100 |
873.300 |
|
Total Current
Liabilities (4) |
20460.300 |
13554.200 |
18944.500 |
|
|
|
|
|
|
TOTAL |
41489.300 |
33913.600 |
31673.200 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
17976.500 |
9943.600 |
8768.600 |
|
(ii) Intangible Assets |
0.000 |
385.200 |
597.600 |
|
(iii) Capital
work-in-progress |
0.000 |
5818.300 |
4817.900 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2972.200 |
3079.500 |
3079.500 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3777.700 |
3723.200 |
3429.200 |
|
(e) Other
Non-current assets |
1037.100 |
1061.900 |
49.200 |
|
Total Non-Current
Assets |
25763.500 |
24011.700 |
20742.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5244.300 |
4844.600 |
5275.900 |
|
(c) Trade receivables |
2097.000 |
2463.600 |
2066.300 |
|
(d) Cash and cash equivalents |
6784.900 |
857.900 |
1839.300 |
|
(e) Short-term loans and advances |
1599.600 |
1735.800 |
1749.700 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
15725.800 |
9901.900 |
10931.200 |
|
|
|
|
|
|
TOTAL |
41489.300 |
33913.600 |
31673.200 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015
|
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
44815.400 |
18052.700 |
24711.800 |
|
|
|
Other Income |
(511.500) |
3193.800 |
455.000 |
|
|
|
TOTAL (A) |
44303.900 |
21246.500 |
25166.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
7839.800 |
5133.100 |
8593.000 |
|
|
|
Purchases of Stock-in-Trade |
7545.100 |
2809.600 |
2614.300 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(510.100) |
47.100 |
3010.700 |
|
|
|
Employees benefits expense |
8688.700 |
3545.300 |
5609.700 |
|
|
|
96332 |
0.000 |
406.400 |
(2881.800) |
|
|
|
Other expenses |
12980.900 |
5857.500 |
(829.500) |
|
|
|
TOTAL (B) |
36544.400 |
17799.000 |
(198.400) |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7759.500 |
3447.500 |
25365.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
552.100 |
336.700 |
1543.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7207.400 |
3110.800 |
23821.500 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1454.000 |
963.200 |
807.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5753.400 |
2147.600 |
23013.800 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1626.500 |
161.500 |
(829.800) |
|
|
|
|
|
|
|
|
|
|
Profit for the
year from Continuing Operations |
0.000 |
0.000 |
6067.600 |
|
|
|
|
|
|
|
|
|
|
Profit for the
discontinued operations (before tax) |
0.000 |
0.000 |
236.000 |
|
|
|
|
|
|
|
|
|
|
Tax expenses of
discounted operations |
0.000 |
0.000 |
(76.600) |
|
|
|
|
|
|
|
|
|
|
Profit from
discontinued operations |
0.000 |
0.000 |
159.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
4126.900 |
1986.100 |
6227.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
|
11740.400 |
|
|
|
Management and Technical fees |
|
|
57.800 |
|
|
|
Out licensing fees |
|
|
1677.700 |
|
|
|
Royalty |
|
|
31.100 |
|
|
|
Interest |
|
|
34.800 |
|
|
|
Research and Development Services |
|
|
40.600 |
|
|
|
Assignment of New Chemical Entity |
|
|
1000.000 |
|
|
|
Others |
|
|
0.000 |
|
|
TOTAL EARNINGS |
NA |
11025.600 |
14582.400 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
2538.200 |
|
|
|
Component and Spares |
|
|
44.900 |
|
|
|
Capital Goods |
|
|
260.200 |
|
|
TOTAL IMPORTS |
NA |
3760.100 |
2843.300 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
36.81 |
18.10 |
56.88 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.3.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
1612.190 |
1866.520 |
|
Net cash flow from (used in) operating activities |
NA |
1476.290 |
1532.400 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin
(PAT / Sales) |
(%) |
9.21 |
4.32 |
30.47 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
17.31 |
19.10 |
36.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.94 |
3.76 |
28.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.08 |
0.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.61 |
0.15 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.77 |
0.73 |
0.58 |
STOCK
PRICES
|
Face Value |
Rs. 5.00/- |
|
Market Value |
Rs. 1498.90/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
3533.400 |
3534.300 |
3535.900 |
|
Reserves & Surplus |
7633.800 |
8821.300 |
10165.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
11167.200 |
12355.600 |
13700.900 |
|
|
|
|
|
|
long-term borrowings |
95.200 |
70.000 |
5677.300 |
|
Short term borrowings |
1631.700 |
1744.400 |
2701.700 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1726.900 |
1814.400 |
8379.000 |
|
Debt/Equity
ratio |
0.155 |
0.147 |
0.612 |
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 |
24711.800 |
18052.700 |
44815.400 |
|
|
|
(26.947) |
148.248 |
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 |
24711.800 |
18052.700 |
44815.400 |
|
Profit |
7528.800 |
779.200 |
4126.900 |
|
|
30.47% |
4.32% |
9.21% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
----- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
----- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
----- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
---- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2015 |
As on 31.03.2014 |
|
LONG TERM
BORROWINGS |
|
|
|
Sales tax deferral loan |
NA |
21.200 |
|
Loans from Others |
NA |
39.100 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Buyers’ credit |
NA |
112.100 |
|
|
|
|
|
Total |
NA |
172.400 |
LITIGATION
DETAILS:
|
Case Details Bench:-Bombay
Main Matter
District:- MUMBAI Bench:- DIVISION Status:- Pre-Admission Category:- NOTICE OF MOTION Last Date : 05/02/2014 Last Coram: ACCORDING TO SITTING LIST Act : Code of civil procedure 1908 |
INDEX OF CHARGE:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10253301 |
07/12/2011 * |
26,152,000.00 |
DEPARTMENT OF BIOTECHNOLOGY |
6-8th FLOOR, BLOCK
NO. 2,, CGO COMPLEX, LODHI ROA |
B27629591 |
|
2 |
10239938 |
15/03/2011 * |
16,412,700,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER,
'E', CUFFE PARADE,, COLABA,, MU |
B09941931 |
|
3 |
10240003 |
31/08/2010 |
16,932,800,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER,
'E', CUFFE PARADE,, COLABA,, MU |
A94607587 |
|
4 |
10238614 |
18/08/2010 |
29,864,500,000.00 |
STATE BANK OF INDIA |
CAPITAL MARKET
BRANCH, VIDEOCON HERITAGE, GROUND |
A92103076 |
|
5 |
10225953 |
29/06/2010 |
4,667,210,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER,
'E', CUFFE PARADE,, COLABA,, MU |
A88114897 |
|
6 |
10195016 |
23/11/2009 |
484,900,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A76885995 |
|
7 |
10192780 |
23/11/2009 |
2,990,100,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
A75404855 |
|
8 |
10199434 |
23/11/2009 |
3,820,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS
GROUP BRANCH,, VOLTAS HOSE, 23 |
A76706431 |
|
9 |
10038845 |
08/02/2007 |
11,250,000,000.00 |
STATE BANK OF INDIA |
NEW ISSUE AND
SECURITIES AND SERVICES DIVSIONS,, |
A11304755 |
|
10 |
90144213 |
21/04/2009 * |
4,725,000,000.00 |
STATE BANK OF INDIA |
Corporate Accounts
Group branch, Voltas House, 23 |
A63782932 |
* Date of charge modification
FIXED ASSETS:
- Trademarks / Technical knowhow
- Software
- Freehold land
- Leasehold land
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 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 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. 97.65 |
|
Euro |
1 |
Rs. 70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
YES |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
60 |
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.