MIRA INFORM REPORT
|
Report No. : |
332372 |
|
Report Date : |
16.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NAPROD LIFE SCIENCES PRIVATE LIMITED (w.e.f.07.12.2006) |
|
|
|
|
Formerly Known
As : |
NEON ANTIBIOTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
304, Town Centre, 3rd Floor, Andheri – Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra |
|
Tel. No.: |
91-22-42142700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2008 (Unaudited) |
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|
|
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Date of Incorporation
: |
30.07.1990 |
|
|
|
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Com. Reg. No.: |
11-057496 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs.30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230mh1990ptc057496 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
mumn04316e |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Parenterals, Tablets, Capsules
Formulations and General / Sterile API’s. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetarmint |
|
|
|
|
Payment Behaviour : |
-- |
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Litigation : |
-- |
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|
|
|
Comments : |
Subject has been declared as dormant company by the government
department. Management has not filed its financial record with government
department since 2006. Our executive had word with Mr. Ketan Shah, finance head and he has
provided information to us and claimed due to non-filling of financial with
government department company status appears to be dormant with registrar of
companies. However, business is active and subject undertakes it business
operations actively. No other information could be made available from any source. In view of absence of financial along with status as a dormant company with registrar
of companies, the subject can be consider for business dealings on fully safe
and secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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) 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 PARTED BY
|
Name : |
Mr. Ketan Shah |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9326720397 |
|
Date : |
15.07.2015 |
LOCATIONS
|
Registered Office : |
304, Town Centre, 3rd Floor, Andheri – Kurla Road, Andheri (East),
Mumbai – 400 059, Maharashtra, India |
|
Tel. No.: |
91-22-42142700 |
|
Mobile No.: |
91-9320720397 (Mr. Ketan Shah) |
|
Fax No.: |
91-22-66490036 |
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E-Mail : |
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|
Website : |
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|
|
|
|
factory : |
G/17/1, MIDC, Tarapur, Boisar, Thane – 401 506, Maharashtra,
India |
|
Area: |
3600 sq. ft. |
|
Location : |
Leased |
DIRECTORS
AS ON 26.10.2006
|
Name : |
Mr. Ashok Jain |
|
Designation : |
Director |
|
Address : |
15, Samhita CHS Limited, Factory Lane, Borivali (West), Mumbai – 400
092, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1957 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
25.03.1996 |
|
|
|
|
Name : |
Mrs. Kamla Babulal Jain |
|
Designation : |
Director |
|
Address : |
B-83, Dattani Towers, Near Kora Kendra, S.V. Road, Borivali (West),
Mumbai – 400 092, Maharashtra, India |
|
Date of Birth/Age : |
10.12.1947 |
|
Qualification: |
F.Y.B.Com |
|
Date of Appointment : |
25.03.1996 |
|
Voter ID No.: |
MT/09/042/007 |
|
|
|
|
Name : |
Mr. Mohan Jain |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Ketan Shah |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.10.2006
|
Names of Shareholders |
No. of Shares |
|
Uttam K. Jain |
63480 |
|
Pravin K. Jain |
15620 |
|
Babulal K. Jain |
28000 |
|
Ashok K. Jain |
127390 |
|
Babulal K. Jain (HUF) |
50150 |
|
Ashok K. Jain (HUF) |
17850 |
|
Chanchal Jain |
95400 |
|
Karla B. Jain |
109150 |
|
Shari P. Jain |
200500 |
|
Manish Jain |
27600 |
|
Mohan Jain |
58500 |
|
Meena Jain |
100900 |
|
Sunita Jain |
84742 |
|
Uttam K. Jain (HUF) |
54700 |
|
Abhay Jain |
62792 |
|
Rahul Jain |
67192 |
|
Prachi Jain |
125092 |
|
Pravin K. Jain (HUF) |
9750 |
|
Rohan Jain |
54792 |
|
Jain Pravin-Hira and Company, India |
15150 |
|
Jain B. Manish (N.AG) |
11500 |
|
Sangeeta Jain |
109350 |
|
Aarya Jain |
100 |
|
Nisal Jain |
100 |
|
Niyati Jain |
10100 |
|
Mohan B. Jain (HUF) |
100 |
|
TOTAL
|
1500000 |
AS ON 26.10.2006
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Parenterals, Tablets, Capsules
Formulations and General / Sterile API’s. |
|
|
|
|
Products : |
·
Anaesthetics and Allied Products ·
Antineoplast Products ·
Corticosteroids and Hormons Products ·
Antibacterials Products ·
Antitubercular Products ·
Gynaecological Products ·
Analgesic and Antipyratic Products ·
Cardiovascular Products ·
Vitamin, Haematinic and Mineral Preparations ·
Antihistamine, Cough and Cold Preparations ·
Other Specialities
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
|
Countries : |
China |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2006)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Injections |
(Nos.) I (In
Lacs) |
230.00 |
81.83 |
|
Capsules |
(Nos.) I (In
Lacs) |
210.00 |
5.36 |
|
Tablets |
(Nos.) I (In
Lacs) |
350.00 |
305.31 |
|
Bulk Drugs |
Kgs. |
18000.00 |
3430.78 |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
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No. of Employees : |
350 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
||||||||||||
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Auditors : |
|
|
Name : |
Sohan S. jain and
Company Chartered Accountants |
|
Address : |
301, Verma Chambers, 11, Homji Street, Horniman Circle, Mumbai – 400
001, Maharashtra, India |
|
PAN No.: |
AACPJ4845Q |
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|
|
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 26.10.2006
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000
millions |
|
|
|
|
|
AS ON 31.03.2008
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.30.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
280.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
310.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
80.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
80.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
390.000 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
140.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
33.000 |
|
|
Sundry Debtors |
|
|
159.000 |
|
|
Cash & Bank Balances |
|
|
49.000 |
|
|
Other Current Assets |
|
|
67.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
308.000 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
58.000 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
58.000 |
|
|
Net Current Assets |
|
|
250.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
390.000 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
380.000 |
|
|
|
Other Income |
|
|
8.500 |
|
|
|
TOTAL (A) |
|
|
388.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
|
|
120.000 |
|
|
|
Other Expenditure |
|
|
153.100 |
|
|
|
TOTAL (B) |
|
|
273.100 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
115.400 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
8.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
107.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
7.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
100.000 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
|
|
30.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
69.300 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
|
|
144.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
23.10 |
|
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
1120.000 |
930.000 |
650.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 1500.000 Millions
The above information has been parted by Mr. Ketan Shah.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
31.03.2008 |
|
Current Maturities of Long term debt |
|
|
NA |
|
Cash generated from operations |
|
|
NA |
|
Net cash flow from (used in) operation |
|
|
NA |
KEY
RATIOS
|
PARTICULARS |
|
|
|
31.03.2008 (unaudited) |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
|
17.84
|
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
|
|
26.32
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
22.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
|
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
5.31 |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
----- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last one year |
Yes |
|
27 |
Reasons for variation <> 20% |
----- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last one year |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
----- |
|
33 |
Market information |
----- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
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 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. 63.37 |
|
UK Pound |
1 |
Rs. 97.65 |
|
Euro |
1 |
Rs. 70.43 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.