MIRA
INFORM REPORT
|
Report No. : |
334489 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANABOND LIMITED [w.e.f.21.01.2002] |
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Formerly Known
As : |
ANABOND PRIVATE LIMITED |
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Registered
Office : |
No. 36, Type II, Dr. V.S.I. Estate, Thiruvanmiyur, Chennai –
600041, Tamilnadu |
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Tel. No.: |
91-44-23460050/ 23460041/ 42/ 43 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
29.02.1984 |
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Com. Reg. No.: |
18-075194 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.266 Million |
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CIN No.: [Company Identification
No.] |
U24295TN1984PLC075194 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEA00689D |
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PAN No.: [Permanent Account No.] |
AACCA4158Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Industrial Adhesives and Sealants. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2888000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. There seems some dip in the profit of the company during 2014. However
networth of the company is satisfactory. Rating derives strength from the established track record of
operations of subject vast experience of the promoters and the management
team and established relationship with the clients, strong market position of
subject in the engineering adhesives and sealants business and healthy
financial risk profile. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. In the view of long track record of operations and rich experience of
the promoter, the company can be considered normal for business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities = A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
December 29, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities = A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
December 29, 2014 |
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
31-03-2013.
LOCATIONS
|
Registered/ Corporate/ Marketing Office : |
No. 36, Type II, Dr. V.S.I. Estate, Thiruvanmiyur, Chennai –
600041, Tamilnadu, India |
|
Tel. No.: |
91-44-23460050/ 23460041/ 42/ 43 |
|
Fax No.: |
91-44-23460048 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: · Bangalore Coimbatore Delhi Ernakulum Kolkata Mumbai Pune Secunderabad |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Janakiraman Vijayakumar |
|
Designation : |
Managing director |
|
Address : |
41/2D, II Main
Road, Gandhi Nagar, Adyar,
Chennai – 600020, Tamilnadu, India |
|
Date of Birth/Age : |
07.09.1951 |
|
Qualification : |
M.Sc. |
|
Date of Appointment : |
01.12.2010 |
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PAN No.: |
AAGPV6367H |
|
DIN No.: |
00039987 |
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|
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Name : |
Mr. Venkateswaran Lakshminarayanan |
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Designation : |
Whole-time director |
|
Address : |
No.7,Narayan Kripa GA, Jeevarthinam Nagar, Shastri Nagar, Adyar, Chennai – 600020,
Tamilnadu, India |
|
Date of Birth/Age : |
18.06.1956 |
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Qualification : |
F.C.A. |
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Date of Appointment : |
01.12.2010 |
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PAN No.: |
AAGPL6182N |
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DIN No.: |
00040251 |
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Name : |
Mr. Esakiapillai Srinivasan |
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Designation : |
Whole-time director |
|
Address : |
Plot No.5047, Ram
Nagar North Extn., 5th
Street, Puzhuthivakkam, Chennai – 600091, Tamilnadu, India |
|
Date of Birth/Age : |
17.03.1961 |
|
Qualification : |
B.A. |
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Date of Appointment : |
01.12.2010 |
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DIN No.: |
00040408 |
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|
|
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Name : |
Mr. Bernard Syiem |
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Designation : |
Director |
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Address : |
G.S. Road, 9th
Mile, Baridua Village, District Ri-Bhoi,
Amerigog - 781023, P.O Meghalaya,
India |
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Date of Birth/Age : |
12.08.1968 |
|
Date of Appointment : |
15.12.2004 |
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DIN No.: |
02198252 |
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|
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Name : |
Mr. Janakiraman Vijayakumar
Sembian |
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Designation : |
Director |
|
Address : |
41/2D, II Main
Road, Gandhi Nagar, Adyar,
Chennai – 600020, Tamilnadu, India |
|
Date of Birth/Age : |
26.02.1982 |
|
Qualification : |
B.E.(Artchitect) |
|
Date of Appointment : |
30.09.2011 |
|
PAN No.: |
AOHPS3509R |
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DIN No.: |
02305586 |
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Name : |
Mr. Velayutham Andrew |
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Designation : |
Director |
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Address : |
New No.31, Old
No.7, Lakshmipuram, Chromepet,
Chennai – 600044, Tamilnadu, India |
|
Date of Birth/Age : |
05.11.1962 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
28.09.2013 |
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PAN No.: |
ADJPV1250F |
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DIN No.: |
03122193 |
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|
|
|
Name : |
Mr. Selvaganapathy Suyam
Prakaasam |
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Designation : |
Director |
|
Address : |
AH142, 3rd Street,
Anna Nagar, Chennai – 600040, Tamilnadu,
India |
|
Date of Birth/Age : |
03.07.1962 |
|
Qualification : |
BBL and DLL |
|
Date of Appointment : |
28.09.2013 |
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PAN No.: |
ABUPS8769H |
|
DIN No.: |
06483988 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 28.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
97.26 |
|
Others |
2.74 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Adhesives and Sealants. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· Indian Overseas Bank Commercial and Institutional Credit Branch, 98-A, Dr. Radhakrishnan Salai, Mylapore, Chennai - 600004, Tamilnadu, India · Canara Bank HDFC Bank Limited Indian Bank Induslnd Bank State Bank of India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
C N G S N and Associates Chartered Accountants |
|
Address : |
Swathi Court, Flat No. C and D,
No.22, Vijayaraghava Road, T. Nagar,
Chennai – 600017, Tamilnadu, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADFC5571B |
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Subsidiary company
: |
· Anadocs IT Solutions Private Limited [U72200TN2003PTC051954] Anabond Tantalum
Private Limited [U27300TN2007PTC063230] |
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Joint Venture : |
· Anabond Stedman Pharma Research Private Limited [U33112TN2004PTC054628] Axson Revocoat India Private Limited [U24299PY1997PTC001304] Anabond HS Butyl
Private Limited [U25200TN2013PTC091564] |
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Associates : |
· Anabond Darien Private Limited [U24100TN1994PTC026929] Arima and Company |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,026,620 |
Equity Shares |
Rs. 10/- each |
Rs. 20.266 Million |
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|
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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 |
20.266 |
27.022 |
35.843 |
|
(b) Reserves & Surplus |
990.739 |
988.122 |
992.342 |
|
(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) |
1011.005 |
1015.144 |
1028.185 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
51.434 |
60.910 |
122.762 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
1.605 |
0.929 |
2.284 |
|
(d) long-term
provisions |
2.474 |
1.249 |
0.000 |
|
Total Non-current
Liabilities (3) |
55.513 |
63.088 |
125.046 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
8.846 |
6.295 |
8.918 |
|
(b)
Trade payables |
82.259 |
108.936 |
84.957 |
|
(c)
Other current liabilities |
39.254 |
38.271 |
25.640 |
|
(d) Short-term
provisions |
40.217 |
52.273 |
43.166 |
|
Total Current
Liabilities (4) |
170.576 |
205.775 |
162.681 |
|
|
|
|
|
|
TOTAL |
1237.094 |
1284.007 |
1315.912 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
603.271 |
605.024 |
617.149 |
|
(ii)
Intangible Assets |
0.276 |
0.394 |
0.563 |
|
(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 |
21.001 |
9.213 |
16.652 |
|
(c) Deferred tax assets (net) |
6.406 |
5.087 |
4.384 |
|
(d) Long-term Loan and Advances |
11.744 |
8.721 |
9.837 |
|
(e) Other
Non-current assets |
12.971 |
8.928 |
5.272 |
|
Total Non-Current
Assets |
655.669 |
637.367 |
653.857 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
151.086 |
147.805 |
149.788 |
|
(c)
Trade receivables |
296.503 |
229.180 |
168.436 |
|
(d) Cash
and cash equivalents |
21.593 |
126.096 |
223.263 |
|
(e)
Short-term loans and advances |
75.961 |
61.430 |
50.336 |
|
(f)
Other current assets |
36.282 |
82.129 |
70.232 |
|
Total
Current Assets |
581.425 |
646.640 |
662.055 |
|
|
|
|
|
|
TOTAL |
1237.094 |
1284.007 |
1315.912 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1185.731 |
1142.211 |
1186.306 |
|
|
|
Other Income |
7.265 |
13.833 |
11.927 |
|
|
|
TOTAL (A) |
1192.996 |
1156.044 |
1198.233 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
649.654 |
603.981 |
632.754 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
85.214 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1.363) |
5.516 |
(18.510) |
|
|
|
Employees benefits expense |
123.859 |
121.479 |
123.092 |
|
|
|
Other expenses |
194.957 |
190.788 |
142.932 |
|
|
|
Exceptional Items |
(4.011) |
(57.665) |
43.876 |
|
|
|
TOTAL (B) |
963.096 |
864.099 |
1009.358 |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
229.900 |
291.945 |
188.875 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
15.887 |
12.629 |
11.221 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
214.013 |
279.316 |
177.654 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
37.391 |
38.297 |
33.031 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
176.622 |
241.019 |
144.623 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
34.155 |
48.013 |
37.049 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
142.467 |
193.006 |
107.574 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
39.147 |
50.162 |
36.913 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
238.356 |
163.499 |
214.794 |
|
|
|
Capital Goods |
0.000 |
7.918 |
0.000 |
|
|
TOTAL IMPORTS |
238.356 |
171.417 |
214.794 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
67.40 |
69.02 |
30.01 |
|
|
|
Diluted
|
65.51 |
48.40 |
17.77 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
25.996 |
34.265 |
17.058 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
146.346 |
186.646 |
140.504 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
12.02 |
16.90 |
9.07 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
19.39 |
25.56 |
15.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.60 |
18.98 |
11.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.24 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.09 |
0.10 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.41 |
3.14 |
4.07 |
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 |
35.843 |
27.022 |
20.266 |
|
Reserves & Surplus |
992.342 |
988.122 |
990.739 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1028.185 |
1015.144 |
1011.005 |
|
|
|
|
|
|
Long-term borrowings |
122.762 |
60.910 |
51.434 |
|
Short term borrowings |
8.918 |
6.295 |
8.846 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
17.058 |
34.265 |
25.996 |
|
Total
borrowings |
148.738 |
101.470 |
86.276 |
|
Debt/Equity ratio |
0.145 |
0.100 |
0.085 |
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 |
1186.306 |
1142.211 |
1185.731 |
|
|
|
(3.717) |
3.810 |
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 |
1186.306 |
1142.211 |
1185.731 |
|
Profit |
107.574 |
193.006 |
142.467 |
|
|
9.07% |
16.90% |
12.02% |
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 |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10564597 |
14/02/2015 |
261,450,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C51339307 |
|
2 |
10082948 |
20/01/2009 * |
47,500,000.00 |
INDIAN OVERSEAS
BANK |
COMMERCIAL &
INSTITUTIONAL CREDIT BRANCH, 98-A, DR. RADHAKRISHNAN SALAI, MYLAPORE,
CHENNAI, TAMILNADU - 600004, INDIA |
A54914114 |
|
3 |
90005845 |
09/07/2004 |
80,000,000.00 |
ADVANCED SYSTEM
LABORATORY |
KANCHENBAGH,
HYDERABAD, TAMINADU, INDIA |
- |
|
4 |
90262493 |
09/07/2004 |
80,000,000.00 |
INDIAN OVERSEAS
BANK |
AURAS CORPORATE
CENTER, 98-A DR. RADHAKRISHNAN SALAI, CHENNAI, TAMILNADU, INDIA |
- |
|
5 |
90005712 |
15/03/2012 * |
318,700,000.00 |
INDIAN OVERSEAS
BANK |
COMMERCIAL &
INSTITUTIONAL CREDIT BRANCH,, 98-A, |
B36461291 |
|
6 |
90262076 |
06/10/2004 * |
23,000,000.00 |
INDIAN OVERSEAS
BANK |
AURAS CORPORATE CENTER,
98-A DR. RADHAKRISHNAN SA |
- |
|
7 |
90005424 |
18/11/1993 |
313,000.00 |
THE TAMILNADU
INDUSTRIAL INVESTMENT CORPOTAITON LIMITED |
SIDCO PROJECT,
GS.T. ROAD; GUINDY, MADRAS, TAMIL |
- |
|
8 |
90005241 |
09/11/1984 |
420,000.00 |
THE TAMILNADU
INDUSTRIAL INVESTMENT CORPOTAITON LIMITED |
480, ANNA SALAI,
CHENNAI, TAMIL NADU - 600035, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs. In Million) |
31.03.2013 (Rs. In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits from others |
9.038 |
9.067 |
|
Other loans and advances |
3.872 |
4.032 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
8.846 |
6.295 |
|
|
|
|
|
Total |
21.756 |
19.394 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from RS No. 26/2,
Cad No. 82, Thiru-Bhuvani Village, Manadipet Commune - 605102, Pondicherry,
India to the present address w.e.f.19.02.2010.
PERFORMANCE
During the Financial Year the company recorded a Turnover of
Rs.1323.900 Millions (Previous Year Rs.1265.400 Millions), thereby recording a
growth of 4.62%. The profit before tax (excluding sale of assets) is Rs.172.600
Millions (Previous Year Rs. 183.300 Millions). The
decrease in profit is due to the increase in raw materials cost on account of
Rupee Depreciation.
BUY BACK OF SHARES
The company had successfully completed the extended buy back
of 675540 number of shares of shares from shareholders at a price of Rs.210/-
per share (inclusive of premium of Rs.200/-). Amounting to Rs.141.863 Millions
and the transactions were completed on 17th May 2013.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs. In Million) |
31.03.2013 (Rs. In Million) |
|
Letter of Credits |
11.795 |
25.602 |
|
Bank Guarantees |
18.204 |
17.162 |
|
Corporate Guarantees issued |
|
|
|
Anabond Stedman Pharma Research Private Limited (Limits) |
HDFC Anna Salai Branch 12.000 |
HDFC Anna Salai Branch 12.000 |
|
Income Tax Appeals AY 2006-07 (Pending before ITAT) |
0.650 |
0.650 |
|
Income Tax Appeals AY 2007-08 (Pending before ITAT) |
5.975 |
5.975 |
|
Income Tax Appeals AY 2008-09 (Pending before ITAT) |
5.717 |
5.717 |
|
Income Tax Appeals AY 2009-10 (Pending before CIT-A) |
0.193 |
0.193 |
|
Income Tax Appeals AY 2010-11 (Pending before CIT-A) |
1.059 |
1.059 |
|
|
|
|
|
Total |
55.593 |
68.358 |
FIXED ASSETS:
· Land
Buildings
Factory
building
Plant
and equipment
Factory
equipments
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Other
equipments
Brands
and trade marks
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. 63.89 |
|
|
1 |
Rs. 99.71 |
|
Euro |
1 |
Rs. 70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
NO |
|
--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 |
|
51 |
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.