MIRA INFORM REPORT
|
Report No. : |
332643 |
|
Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEE PHARMA LIMITED |
|
|
|
|
Formerly Known
As : |
LEE PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 257 and 258/1, Door No.11-6/56, C Block, Opposite IDPL
Factory, Moosapet (Village), Balanagar (Post), Hyderabad – 500037, Telangana |
|
Tel. No.: |
91-40-66170334 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.10.1997 |
|
|
|
|
Com. Reg. No.: |
028095 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.509
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230TG1997PLC028095 |
|
|
|
|
IEC No.: |
0997005831 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL3435F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Bulk Drugs and Intermediates. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in October 1997, promoted by Mr. A Venkata
Reddy and Mrs. A Ratna Kumari. It is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company 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 – 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 |
CRISIL |
|
Rating |
Long term rating = BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
September 30, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
September 30, 2014 |
RBI DEFAILTERS’ 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 DECLINED
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-40-66170334)
LOCATIONS
|
Registered Office : |
Survey No. 257 and 258/1, Door No.11-6/56, C Block, Opposite IDPL
Factory, Moosapet (Village), Balanagar (Post), Hyderabad – 500037, Telangana,
India |
|
Tel. No.: |
91-40-66170334/ 66170336 |
|
Fax No.: |
91-40-66170330 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factories : |
Located at: · Hyderabad [2 units] · Visakhapatnam |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Venkata Reddy Alla |
|
Designation : |
Managing director |
|
Address : |
Plot No. 157, Vivekananda Nagar Colony, Kukatpally, Hyderabad -
500072, Andhra Pradesh, India |
|
Date of Birth/Age : |
15.02.1955 |
|
Qualification : |
MA |
|
Date of Appointment : |
06.10.1997 |
|
PAN No.: |
ABLPA4127G |
|
DIN No.: |
00018534 |
|
|
|
|
Name : |
Ratna Kumari Alla |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 157, Vivekananda Nagar Colony, Kukatpally, Hyderabad -
500072, Andhra Pradesh, India |
|
Date of Birth/Age : |
22.11.1960 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
06.10.1997 |
|
PAN No.: |
AAMPA7034L |
|
DIN No.: |
00022478 |
|
|
|
|
Name : |
Dr Gopala Rao Tatineni |
|
Designation : |
Director |
|
Address : |
Flat No. 203, Siri Residency, Thakur Mansion Lane, Somajiguda,
Hyderabad - 500072, Andhra Pradesh, India
|
|
Date of Birth/Age : |
15.07.1944 |
|
Date of Appointment : |
22.04.1999 |
|
DIN No.: |
00043939 |
|
|
|
|
Name : |
Raghumitra Alla |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 157, Vivekananda Nagar Colony, Kukatpally, Hyderabad -
500072, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.10.1980 |
|
Qualification : |
MS (USA) |
|
Date of Appointment : |
04.05.2006 |
|
PAN No.: |
AIAPA2755N |
|
DIN No.: |
00080789 |
|
|
|
|
Name : |
Mr. Vijaykumar Raghunandanprasad Agrawal |
|
Designation : |
Director |
|
Address : |
23, Ahoora Mahal, 6th Floor, 93, Marine Drive, G Road,
Mumbai – 400002, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1952 |
|
Date of Appointment : |
27.09.2007 |
|
DIN No.: |
01710632 |
|
|
|
|
Name : |
Gary Ethan Kamins |
|
Designation : |
Director |
|
Address : |
1415, Via Cresta Pac Palisades Ca 90272, California USA 90272 |
|
Date of Birth/Age : |
06.06.1962 |
|
Date of Appointment : |
27.09.2007 |
|
DIN No.: |
01832818 |
|
|
|
|
Name : |
Francisco Javier Castellsague Casals |
|
Designation : |
Director |
|
Address : |
Grva Carlos III, 6131, Bareelona, Spain 08028 |
|
Date of Birth/Age : |
09.06.1941 |
|
Date of Appointment : |
27.09.2007 |
|
DIN No.: |
01869905 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 27.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
42.50 |
|
Directors
or relatives of directors |
57.50 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bulk Drugs and Intermediates. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
||||||||||||
|
|
|
||||||||||||
|
Brand Names : |
-- |
||||||||||||
|
|
|
||||||||||||
|
Agencies Held : |
-- |
||||||||||||
|
|
|
||||||||||||
|
Exports : |
|
||||||||||||
|
Products : |
Not Divulged |
||||||||||||
|
Countries : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Imports : |
|
||||||||||||
|
Products : |
Not Divulged |
||||||||||||
|
Countries : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Terms : |
|
||||||||||||
|
Selling : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
· Dr. Reddy’s · Ranbaxy Laboratories Limited · Intas · Cadila Pharmaceuticals · Matrix · Aceto · Torrent · Denmark |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India Balanagar Branch, Hyderabad - 500037, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
M V Narayana Reddy and Company Chartered Accountants |
|
Address : |
504, Vijayasree Apartments, Opposite Kammasangam, Behind Chermas Ameerpet, Hyderabad – 500072, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFM4830F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
· Moehs Iberical S.A · Indkey Infra Projects Private Limited [U45201TG2007PTC056353] · Lee Health Domain India Private Limited [U65993TG1995PTC019971] |
CAPITAL STRUCTURE
AFTER 27.09.2015
Authorised Capital : Rs. 76.500 Million
Issued, Subscribed & Paid-up Capital : Rs. 15.009
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,650,000 |
Equity Shares |
Rs. 10/- each |
Rs. 76.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,450,909 |
Equity Shares |
Rs. 10/- each |
Rs. 14.509
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.509 |
14.509 |
14.509 |
|
(b) Reserves & Surplus |
487.170 |
440.269 |
385.440 |
|
(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) |
501.679 |
454.778 |
399.949 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
126.377 |
99.084 |
41.514 |
|
(b) Deferred tax liabilities (Net) |
63.878 |
41.547 |
37.411 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
5.155 |
5.288 |
5.656 |
|
Total
Non-current Liabilities (3) |
195.410 |
145.919 |
84.581 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
533.186 |
381.802 |
300.400 |
|
(b)
Trade payables |
591.784 |
482.838 |
335.636 |
|
(c)
Other current liabilities |
219.672 |
117.433 |
81.903 |
|
(d)
Short-term provisions |
17.710 |
12.901 |
7.511 |
|
Total
Current Liabilities (4) |
1362.352 |
994.974 |
725.450 |
|
|
|
|
|
|
TOTAL |
2059.441 |
1595.671 |
1209.980 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
599.820 |
539.064 |
485.247 |
|
(ii)
Intangible Assets |
1.368 |
1.755 |
1.019 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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 |
74.011 |
16.780 |
6.903 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
675.199 |
557.599 |
493.169 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
504.064 |
428.020 |
282.117 |
|
(c)
Trade receivables |
673.399 |
495.092 |
352.475 |
|
(d)
Cash and cash equivalents |
29.420 |
18.916 |
12.532 |
|
(e)
Short-term loans and advances |
143.903 |
75.751 |
69.582 |
|
(f)
Other current assets |
33.456 |
20.293 |
0.105 |
|
Total
Current Assets |
1384.242 |
1038.072 |
716.811 |
|
|
|
|
|
|
TOTAL |
2059.441 |
1595.671 |
1209.980 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2142.365 |
1606.324 |
1183.568 |
|
|
|
Other Income |
0.000 |
16.175 |
23.623 |
|
|
|
TOTAL (A) |
2142.365 |
1622.499 |
1207.191 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1446.141 |
1171.471 |
813.569 |
|
|
|
Purchases of Stock-in-Trade |
5.788 |
3.884 |
3.056 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
-96.603 |
-62.686 |
-4.029 |
|
|
|
Employees benefits expense |
110.307 |
77.684 |
64.453 |
|
|
|
Other expenses |
488.958 |
304.282 |
234.340 |
|
|
|
Prior Period Items |
16.838 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
1971.429 |
1494.635 |
1111.389 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
170.936 |
127.864 |
95.802 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
62.548 |
46.194 |
37.675 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
108.388 |
81.670 |
58.127 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
38.811 |
32.129 |
28.687 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
69.577 |
49.541 |
29.440 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
26.114 |
8.258 |
10.668 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
43.463 |
41.283 |
18.772 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.96 |
28.45 |
12.94 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
45.475 |
27.038 |
15.999 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(32.180) |
(21.277) |
(10.741) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
2.03 |
2.57 |
1.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.98 |
7.96 |
8.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.38 |
3.10 |
2.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.11 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.41 |
1.12 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.04 |
0.99 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
14.509 |
14.509 |
14.509 |
|
Reserves & Surplus |
385.440 |
440.269 |
487.170 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
399.949 |
454.778 |
501.679 |
|
|
|
|
|
|
Long-term borrowings |
41.514 |
99.084 |
126.377 |
|
Short term borrowings |
300.400 |
381.802 |
533.186 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
15.999 |
27.038 |
45.475 |
|
Total
borrowings |
357.913 |
507.924 |
705.038 |
|
Debt/Equity ratio |
0.895 |
1.117 |
1.405 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1183.568 |
1606.324 |
2142.365 |
|
|
|
35.719 |
33.371 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1183.568 |
1606.324 |
2142.365 |
|
Profit |
18.772 |
41.283 |
43.463 |
|
|
1.59% |
2.57% |
2.03% |
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 |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
Yes |
|
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 |
LITIGATION DETAILS
|
CEA
161 / 2010 |
CEASR
239 / 2010 |
CASE IS:PENDING |
|
PETITIONER |
|
RESPONDENT |
|
THE
COMMISSIONER OF CUSTOMS AND CENTRAL EXCISE |
VS |
M/S
LEE PHARMA PVT LTD., |
|
PET.ADV. : GOPALAKRISHNA
GOKHALEY |
|
RESP.ADV. : |
|
SUBJECT: PAYMENT
OF DUTY TAX |
|
DISTRICT: HYDERABAD |
|
FILING
DATE: 20-01-2010 |
POSTING
STAGE : FOR ADMISSION |
|
|
REG.
DATE : 18-05-2010 |
LISTING
DATE : 05-07-2010 |
STATUS : ADMIT |
|
HON'BLE
JUDGE(S): |
B.PRAKASH
RAO |
RAMESH
RANGANATHAN |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10546275 |
31/01/2015 * |
641,200,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL FINANCE
BRANCH, MID CORPORATE GROUP, RAJBHAVAN ROAD, SOMAJIGUDA, HYDERABAD, TELANGANA
- 500082, INDIA |
C42975383 |
|
2 |
10522881 |
15/09/2014 |
14,012,020.00 |
ELECTRONICA
FINANCE LIMITED |
128/A, PLOT NO.3, KAILASHCHANDRA
APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
C23740855 |
|
3 |
10522893 |
25/07/2014 |
150,000,000.00 |
HDFC BANK LIMITED |
1-10-60/3 4TH
FLOOR SURYODAYA, BEGUMPET, HYDERABAD, TELANGANA - 500016, INDIA |
C23775299 |
|
4 |
10497113 |
30/05/2014 |
5,272,591.00 |
RELIANCE CAPITAL
LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
C05346085 |
|
5 |
10475487 |
30/01/2014 |
100,000,000.00 |
SBI GLOBAL FACTORS
LIMITED |
6TH FLOOR,
METROPOLITAN BUILDING, BANDRA-KURLA, COMPLEX, BANDRA(EAST), MUMBAI,
MAHARASHTRA - 400051, INDIA |
B95451597 |
|
6 |
10461134 |
22/11/2013 |
5,700,000.00 |
RELIANCE CAPITAL
LIMITED |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B89920805 |
|
7 |
10439220 |
30/06/2013 |
5,599,526.00 |
RELIANCE CAPITAL
LIMITED |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
B80512213 |
|
8 |
10406787 |
26/02/2013 |
5,700,000.00 |
RELIANCE CAPITAL
LIMITED |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B69096345 |
|
9 |
10362105 |
30/04/2012 |
4,312,054.00 |
RELIANCE CAPITAL
LIMITED |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B42223701 |
|
10 |
90124067 |
19/12/2013 * |
756,200,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL FINANCE
BRANCH, RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD, ANDHRA PRADESH - 500082,
INDIA |
B94460102 |
|
11 |
90258475 |
18/10/2005 * |
5,200,000.00 |
STATE BANK OF
INDIA |
BALANAGAR BRANCH,
HYDERABAD, ANDHRA PRADESH, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits |
17.688 |
28.720 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
35.983 |
0.000 |
|
Loans repayable on demand from others |
11.664 |
3.922 |
|
|
|
|
|
Total |
65.335 |
32.642 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from Flat No 401,
A Block, Saidatta Apartments, Srinivasa Nagar Colony (East), Ameerpet,
Hyderabad - 500038, Andhra Pradesh, India to the present address
w.e.f.09.05.2007.
REVIEW OF THE
BUSINESS OPERATIONS
During the year, the Company has clocked a Total Income of Rs. 2142.365
Million as against Rs.1622.499 Million in the preceding financial year
registering a growth of 32.04 % in the current year sales. The company has
earned profit before tax of Rs. 69.577 Million (previous year Rs.49.54 Million)
and provided for taxes of Rs.26.114 Million as against Rs.8.258 Million in
previous year.
During the year the company has obtained CEP approvals for some of its
products in European Markets. The Company's API Plant located at Khazipally got
approval of US FDA in the month of June 2014. The Directors are optimistic in
penetrating new markets in US and Europe and achieving higher exports and
better results in the current year.
The company is also focusing in the domestic market to enhance its
presence. This is because the company has been able to get into new segment
molecules. At present the Company is supplying its APIs to major Formulators
including Sun Pharma, Dr. Reddy's, Apotex, etc., in Indian Market. With the
approval of US FDA for its API plant, the Directors are confident of broadening
the customer base in the Domestic Market.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
·
Computer software
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 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 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. 63.49 |
|
|
1 |
Rs. 99.43 |
|
Euro |
1 |
Rs. 69.14 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.