MIRA INFORM REPORT
|
Report No. : |
326993 |
|
Report Date : |
16.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ATRA PHARMACEUTICALS LIMITED (w.e.f 04.06.2014) |
|
|
|
|
Formerly Known
As : |
FULLERTON INDIA CREDIT COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Anjali Complex, Khadkeshwar, Aurangabad – 431 001, Maharashtra |
|
Tel. No.: |
91-240-6609999 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.10.1991 |
|
|
|
|
Com. Reg. No.: |
11-063442 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.96.435 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1991PLC063442 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5523A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ayurvedic and Allopathic, Drug |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 490000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s weak financial risk
profile marked by modest scale of operations, volatile operating margins,
leveraged capital structure with weak debt coverage indicators and net loss
in FY14. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing with some caution. |
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 |
CARE |
|
Rating |
Long Term Bank facilities B+ |
|
Rating Explanation |
Risk-prone-credit-quality and carries very
high credit risk. |
|
Date |
March 02, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank facilities A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
March 02, 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) 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Thomas |
|
Designation : |
Admin |
|
Contact No.: |
91-240-6609999 |
|
Date : |
13.06.2015 |
LOCATIONS
|
Registered Office / Head Office : |
Anjali Complex, Khadkeshwar, Aurangabad – 431 001, Maharashtra,
India |
|
Tel. No.: |
91-240-6609999 / 2332211 |
|
Fax No.: |
91-240-6609990/ 2331515 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
H-19, M.I.D.C., Waluj, Aurangabad – 431 133, Maharashtra, India |
|
Tel. No.: |
91-240-6603311/ 6603322 |
|
Fax No.: |
91-240-6603366 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
H-12 and 13, M.I.D.C., Waluj, Aurangabad – 431 136, Maharashtra, India
|
|
Tel No.: |
91-240-6603340/ 6603341 |
|
Fax No.: |
91-240-6609900 |
|
E-Mail : |
|
|
|
|
|
Mumbai Office : |
D-402, Krishna Galaxy, Datta Mandir Road, Vakola, Santacruz (East),
Mumbai – 400 055, Maharashtra, India |
|
Tel. No.: |
91-22-26680072/ 26682059 |
|
Fax No.: |
91-22-26682059 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Crd. Anil Moreshwar Save (Retd.) |
|
Designation : |
Managing Director |
|
Address : |
“Anjali Complex”, Khadkeshwar, Aurangabad – 431 001, Maharashtra,
India |
|
Date of Birth/Age : |
13.05.1953 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.10.1991 |
|
DIN No.: |
00561935 |
|
PAN No.: |
ACZPS0141H |
|
|
|
|
Name : |
Mr. Atul Moreshwar Save |
|
Designation : |
Director |
|
Address : |
“Anjali Complex”, Khadkeshwar, Aurangabad – 431 001, Maharashtra,
India |
|
Date of Birth/Age : |
26.02.1962 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.10.1991 |
|
DIN No.: |
00562021 |
|
PAN No.: |
ACHPS7762G |
|
|
|
|
Name : |
Dr. Rajeev Yadav Churi |
|
Designation : |
Director |
|
Address : |
Flat No.9, Moon Stone Apartment, 65-E, Linking Road, Santacruz (West),
Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
10.12.1956 |
|
Date of Appointment : |
01.10.1991 |
|
DIN No.: |
00561987 |
|
PAN No.: |
AAAPC8651R |
|
|
|
|
Name : |
Mrs. Anjali Deepak Raut |
|
Designation : |
Director |
|
Address : |
“Jamuna”, Triveni Co-Operative Housing Society, Navghar, Bassein Road,
Thane (West), Maharashtra, India |
|
Date of Birth/Age : |
22.06.1969 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.12.1995 |
|
DIN No.: |
01188379 |
|
|
|
|
Name : |
Mr. Ajit Moreshwar Save |
|
Designation : |
Director |
|
Address : |
“Anjali Complex”, Khadkeshwar, Aurangabad – 431 001, Maharashtra,
India |
|
Date of Birth/Age : |
19.02.1956 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.12.1995 |
|
DIN No.: |
00561875 |
|
PAN No.: |
ADCPS0196G |
|
|
|
|
Name : |
Mr. Deepak Hari Raut |
|
Designation : |
Director |
|
Address : |
“Jamuna”, Triveni Co-Operative Housing Society, Navghar, Bassein Road,
Thane (West), Maharashtra, India |
|
Date of Birth/Age : |
12.10.1950 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.12.1995 |
|
DIN No.: |
01239598 |
|
|
|
|
Name : |
Mr. Arpit Anil Save |
|
Designation : |
Whole Time Director |
|
Address : |
“Anjali Complex”, Khadkeshwar, Aurangabad – 431 001, Maharashtra,
India |
|
Date of Birth/Age : |
10.08.1987 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
02863344 |
|
PAN No.: |
BZHPS2309P |
KEY EXECUTIVES
|
Name : |
Mr. Thomas |
|
Designation : |
Admin |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Save Moreshwar Anil |
|
2323688 |
|
Save Moreshwar Atul |
|
104835 |
|
Save Moreshwar Ajit |
|
550485 |
|
Save Dinanath Moreshwar |
|
870000 |
|
Save Moreshwar Leelawati |
|
480000 |
|
Save Atul Anjali |
|
842700 |
|
Save Ajit Minal |
|
316275 |
|
Save Anil Anjali |
|
697500 |
|
Save Atul Ajinkya |
|
56100 |
|
Save Ajit Ameya |
|
53400 |
|
Save Ajit Anmol |
|
53400 |
|
Save Atul Anurag |
|
56100 |
|
Save Anil Arpit |
|
570000 |
|
Save Anil Awanti |
|
292050 |
|
Chruri Yadav Rajeev |
|
802110 |
|
Raut Deepak Anish |
|
11250 |
|
Churi Rajeev Chaitanya |
|
35288 |
|
Raut Hari Deepak |
|
15000 |
|
Gill Ajmersingh Gurudishsingh |
|
547561 |
|
Bagga S. A. |
|
6000 |
|
Chaudhari Bhavanishankar Narendra |
|
2250 |
|
Patil Kushaba Narayan |
|
32250 |
|
Raut Deepak Anjali |
|
15000 |
|
Churi Rajeev Cherry |
|
22500 |
|
Gill Gurudishsingh Sukdeepkaur |
|
196275 |
|
Arun C. Bari |
|
18750 |
|
Neelam Arora |
|
37500 |
|
Anjali Cinetorium Private Limited, Maharashtra, |
|
33000 |
|
Savera Carriers & Contractors Private Limited, Maharshtra |
|
11250 |
|
Savera Computers |
|
356088 |
|
Thomas Omen |
|
18750 |
|
Shweta Laxman Patil |
|
3750 |
|
Shripat Laxmikant Deshpande |
|
3750 |
|
Shivaji Jagannath Vispute |
|
3750 |
|
Sunil Sambhaji Mohalkar |
|
3750 |
|
V. R. Prman |
|
7500 |
|
Arun Mandle |
|
7500 |
|
Total |
|
9457355 |
As on 23.07.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gurudish Ajmersingh Singh Gill |
|
84175 |
|
Avanti Anil Save |
|
84175 |
|
Total |
|
168350 |
As on 11.11.2014
|
Names of Shareholders |
|
No. of Shares |
|
Avanti Anil Save |
|
17845 |
|
Total |
|
17845 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.47 |
|
Directors or relatives of Directors |
83.28 |
|
Other top fifty shareholders |
16.25 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ayurvedic and Allopathic, Drug |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Countries : |
Bangladesh |
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Imports : |
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Countries : |
Germany |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Ashok Patil and Associates Chartered Accountants |
|
Address : |
A.P. Heights, Behind Gopal Cultural Hall, New Osmanpura, Aurangabad –
431 005, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABFPP1555R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
Savera Pharmaceuticals |
|
Address: |
H – 39 and 40, MIDC Waluj, Aurangabad – 431133, Maharashtra, India |
|
Tel No.: |
91-240-6603361 / 62 |
|
Fax No.: |
91-240-6603376 |
|
Email Id.: |
|
|
|
|
|
Other Related Parties : |
U29299MH1996PTC102506
U24233MH2011PTC220740
U85191MH2011PTC221487 |
|
|
|
|
Associates : |
U63040MH1979PTC021382 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9457355 |
Equity Shares |
Rs.10/- each |
Rs.94.573
Million |
|
|
|
|
|
After As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9643550 |
Equity Shares |
Rs.10/- each |
Rs.96.436
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 |
94.573 |
88.494 |
58.996 |
|
(b) Reserves & Surplus |
75.921 |
75.205 |
103.955 |
|
(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) |
170.494 |
163.699 |
162.951 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
243.268 |
289.822 |
274.855 |
|
(b) Deferred tax liabilities
(Net) |
34.405 |
24.930 |
17.934 |
|
(c) Other long term
liabilities |
25.288 |
33.334 |
23.549 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
302.961 |
348.086 |
316.338 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
142.627 |
110.047 |
68.068 |
|
(b) Trade payables |
262.677 |
43.109 |
18.190 |
|
(c) Other current liabilities |
70.761 |
54.086 |
2.217 |
|
(d) Short-term provisions |
117.070 |
80.439 |
64.166 |
|
Total
Current Liabilities (4) |
593.135 |
287.681 |
152.641 |
|
|
|
|
|
|
TOTAL |
1066.590 |
799.466 |
631.930 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
427.145 |
430.761 |
79.728 |
|
(ii) Intangible Assets |
0.040 |
0.040 |
0.040 |
|
(iii) Capital work-in-progress |
55.841 |
45.225 |
255.509 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.384 |
23.205 |
23.205 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
112.845 |
129.581 |
99.126 |
|
(e) Other Non-current assets |
0.000 |
0.070 |
0.140 |
|
Total
Non-Current Assets |
596.255 |
628.882 |
457.748 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
155.598 |
74.473 |
44.505 |
|
(c) Trade receivables |
189.926 |
20.099 |
14.241 |
|
(d) Cash and cash equivalents |
(1.078) |
0.561 |
31.439 |
|
(e) Short-term loans and
advances |
5.578 |
1.250 |
6.353 |
|
(f) Other current assets |
120.311 |
74.201 |
77.644 |
|
Total
Current Assets |
470.335 |
170.584 |
174.182 |
|
|
|
|
|
|
TOTAL |
1066.590 |
799.466 |
631.930 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
384.806 |
132.961 |
117.302 |
|
|
Other Income |
8.163 |
13.928 |
4.322 |
|
|
TOTAL
(A) |
392.969 |
146.889 |
121.624 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
224.245 |
37.081 |
31.328 |
|
|
Exceptional Items |
(5.047) |
(0.124) |
(0.669) |
|
|
Employees benefits expense |
52.246 |
35.712 |
33.174 |
|
|
Other expenses |
38.592 |
36.832 |
38.870 |
|
|
TOTAL
(B) |
310.036 |
109.501 |
102.703 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
82.933 |
37.388 |
18.921 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
53.753 |
9.504 |
1.451 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.180 |
27.884 |
17.470 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
22.994 |
14.722 |
6.312 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
6.186 |
13.162 |
11.158 |
|
|
|
|
|
|
|
Less |
TAX (H) |
8.509 |
7.270 |
3.380 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(2.323) |
5.892 |
7.778 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.00 |
1.00 |
1.32 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
54.504 |
40.488 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.60) |
4.43 |
6.63 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
21.55 |
28.12 |
16.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.61 |
1.80 |
3.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.08 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.26 |
2.44 |
2.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.79 |
0.59 |
1.14 |
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 |
58.996 |
88.494 |
94.573 |
|
Reserves & Surplus |
103.955 |
75.205 |
75.921 |
|
Net
worth |
162.951 |
163.699 |
170.494 |
|
|
|
|
|
|
long-term borrowings |
274.855 |
289.822 |
243.268 |
|
Short term borrowings |
68.068 |
110.047 |
142.627 |
|
Current Maturities of
Long-Term Debts |
0.000 |
40.488 |
54.504 |
|
Total
borrowings |
342.923 |
440.357 |
440.399 |
|
Debt/Equity
ratio |
2.104 |
2.690 |
2.583 |
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 |
117.302 |
132.961 |
384.806 |
|
|
|
13.349 |
189.413 |
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 |
117.302 |
132.961 |
384.806 |
|
Profit / (Loss) |
7.778 |
5.892 |
(2.323) |
|
|
6.63% |
4.43% |
(0.60%) |
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 |
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) |
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE
During the year under consideration, company has achieved a gross turnover of Rs. 579.047 Million as compared to the gross turnover of Rs. 317.903 Million of last year. It has earned net profit before tax of Rs. 6.186 Million during this year as compared to net profit of Rs. 13.038 Million of preceding year. No doubt we have achieved good results for FY 2013-14, but we believe we are poised to achieve organic as well as inorganic growth in the years. In the coming years we intend to concentrate more on our own domestic sales which is presently restricted to four states of Andhra Pradesh, Gujarat, Madhya Pradesh and Chhattisgarh. We plan to appoint franchisee distributors Pan India for our generic product range. Besides our own sales in domestic market, we wish to focus on niche products in the Allopathic, Ayurvedic and Veterinary range for exports to Rest of the World Market, while trying to register our products from our new plant in the regulated Markets like Australia, South Africa, Europe and subsequently USA etc. The company has also aggressively started preparing dossiers and soon intends to file for Market Authorization in various countries. We are also working for patent filing and hope to file at least two patents in the next year. The company despite having sold one of its manufacturing unit in the previous year has been able to maintain the production output by various steps taken to improve productivity and optimal utilization of plant and machinery. The table below would highlight the performance of the company in absolute terms.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Deferred Payment liability |
7.637 |
9.179 |
|
Loan and Advance from Directors |
0.000 |
4.932 |
|
Loan and Advance from Others |
0.000 |
19.381 |
|
Total |
7.637 |
33.492 |
CASE
DETAILS
Bench
: Bombay
|
Presentation
Date :23/04/2015 |
|||||||
|
Lodging CPL/365/2015 Filing 23/04/2015 No.: Date : |
|||||||
|
Petitioner |
NOBLE PRINTING PRESS - |
|
|
|
|
|
|
|
Petn.Adv.: |
M/S. DHRUVE LILADHAR AND COMPANY (151) |
Respondent : |
ATRA PHARMACEUTICALS LIMITED. CIN O.: |
||||
|
District : |
MUMBAI |
|
|
|
|
|
|
|
Bench
: SINGLE Category : COMPANY PETITION U/SEC Status
: Pre-Admission 433,434,439
COMPANIES ACT Last Date : 30.04.2015 Last Coram : REGISTRAR(OS)/PROTHONOTARY |
|||||||
|
Act
: Companies Act and Rules
1956 Under 433,
434 439 Section : |
|||||||
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10496860 |
19/04/2014 |
37,000,000.00 |
FULLERTON INDIA CREDIT COMPANY LIMITED |
Megh Towers, Third Floor, Old No-307,, New No-165 |
C05214671 |
|
2 |
10465096 |
19/10/2013 |
3,600,000.00 |
VASAI VIKAS SAHAKARI BANK LTD |
Head Office : Samaj Mandir, Opp. New English High |
B91524496 |
|
3 |
10414956 |
30/03/2013 |
3,900,000.00 |
ELECTRONICA FINANCE LIMITED |
128/A, Plot No.3,Kailashchandra Appartments,, Pau |
B71809198 |
|
4 |
10406953 |
28/02/2013 |
39,279,245.00 |
ELECTRONICA FINANCE LIMITED |
128/A, Plot No.3,Kailashchandra Appartments,, Pau |
B69152098 |
|
5 |
10299049 |
03/08/2011 |
26,900,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M |
B17621061 |
|
6 |
10295465 |
22/05/2013 * |
483,700,000.00 |
Punjab National Bank |
B/O Plot 316,, N-3, CIDCO, Aurangabad, Maharashtra - 431003, INDIA |
B77370294 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Books periodicals
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.64.04 |
|
UK Pound |
1 |
Rs.99.57 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.