MIRA INFORM REPORT
|
Report No. : |
328136 |
|
Report Date : |
19.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BICARE LIMITED |
|
|
|
|
Formerly Known
As : |
BI LIMITED |
|
|
|
|
Registered
Office : |
Gat No. 1028, At Village Shiroli, Taluka Khed, Rajgurunagar, Pune –
410505, Maharashtra |
|
Tel No.: |
91-20-24456111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
01.07.1987 |
|
|
|
|
Com. Reg. No.: |
11-043953 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.235.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L28939PN1987PLC043953 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEB02448F |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Public Limited Liability Company. The Company’s Shares are
Listed on the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing of specialty
pharmaceutical packaging barrier films, also provides pharmaceutical research
services, clinical services and packaging systems and material. |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. It was incorporated in 1987. Subject is engaged in manufacturing of specialty pharmaceutical packaging barrier films, also provides pharmaceutical research services, clinical services and packaging systems and material. The rating reflects modest financial risk profile marked by a sharp decline in the turnover and heavy loss incurred by the company during F.Y.2014 and FY 9015. Business is active. Payments terms are reported to be slow. The company can be considered for business dealings on a fully safe and secured trade terms and conditions. NOTE: The subject company has been found under RBI Defaulters list. Name of the Credit Grantors is Corporation Bank and the amount charged is Rs. 500.000 Million. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
Suit-filed accounts (Willful Defaulters) of Rs. 2.500 Million and above as on 19-Jun-2015
Borrowers details
|
Borrower name |
BILCARE LIMITED |
|
D&B D-U-N-S® Numbers |
|
|
Address |
1028 SHIROLI PUNE, NEW CORPORATE OFFICE K G MANSION APTE ROAD DECCAN GYMKHANA PUNE 110004 |
Name of Directors Reported by Credit Grantors Filing the Suit:
|
Sr.No. |
Directors Reported
by Credit Grantors |
DIN Number |
|
CORPORATION BANK |
||
|
1 |
ANIL ANANT TIKEKAR PAN: AGPT1883 J |
|
|
2 |
ANTHUR JOHN CARTY |
2713642 |
|
3 |
AVINASH SHAMRAO JOSHI |
5320116 |
|
4 |
KALYANI GANDHI |
353516 |
|
5 |
MOHAN BHANDARI |
52777 |
|
6 |
PAAWAN GHANASHYAM CHANDAK |
16901310 |
|
7 |
PRAFUL RAMACHANDRA NAIK |
133420 |
|
8 |
RAGHUNATH VITTAL CHAUDARI |
338021 |
|
9 |
RAJENDRA BHAGIRATH TAPADIA |
508894 |
|
10 |
VOLKER HEINZ HUELK |
1530415 |
List Of Credit Grantors to which BILCARE LIMITED is a defaulter:
|
Names of Credit Grantors |
Branch |
Amount (Rs. In Million) |
|
CORPORATION BANK |
CBB-PUNE |
500.000 |
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 DECLINED BY
|
Name : |
Mr. Anil Tikekar |
|
Designation : |
Company Secretary and CFO |
|
Contact No.: |
91-20-30257700 |
|
Date : |
18.06.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Gat No. 1028, At Village Shiroli, Taluka Khed, Rajgurunagar, Pune –
410505, Maharashtra, India |
|
Tel. No.: |
91-20-24456111/ 24456333 91-2135-304200 |
|
Fax No.: |
91-20-24456333 91-2135-224068 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
601, |
|
Tel. No.: |
91-20-30257700 |
|
Fax No.: |
91-20-30257701 |
|
E-Mail : |
|
|
|
|
|
Head Office: |
6th Floor, ICC Tower, B Wing, Pune – 411 016, Maharashtra, India |
|
Tel. No. |
91-20-30257700 |
|
Fax No.: |
91-20-30257700 |
|
|
|
|
Factory 2 : |
25, MWDC, Chakan, Pune-410501, Maharashtra, India |
|
|
|
|
Overseas Office : |
Located at
|
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Mohan H. Bhandari |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Dr. Praful R. Naik |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Rajendra B. Tapadia |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. Pawan G. Chandak |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Avinash S. Joshi |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Anil Tikekar |
|
Designation : |
Company Secretary and CFO |
SHAREHOLDING PATTERN
As on 31.03.2015
|
Category
of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total
No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
7061611 |
32.94 |
|
|
7061611 |
32.94 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
7061611 |
32.94 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
10000 |
0.05 |
|
|
2500 |
0.01 |
|
|
12500 |
0.06 |
|
|
|
|
|
|
1137948 |
5.31 |
|
|
|
|
|
|
5502887 |
25.67 |
|
|
5451743 |
25.43 |
|
|
2268734 |
10.58 |
|
|
72645 |
0.34 |
|
|
1761620 |
8.22 |
|
|
8470 |
0.04 |
|
|
350349 |
1.63 |
|
|
75000 |
0.35 |
|
|
650 |
0.00 |
|
|
14361312 |
67.00 |
|
Total Public shareholding (B) |
14373812 |
67.06 |
|
Total (A)+(B) |
21435423 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
2109808 |
0.00 |
|
|
2109808 |
0.00 |
|
Total (A)+(B)+(C) |
23545231 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Sl.No. |
Name of the
Shareholder |
No. of Shares held |
As a % of grand
total (A)+(B)+(C) |
No |
As a percentage |
As a % of |
Total shares
(including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
1 |
Mohan Harakchand Bhandari |
58,56,489 |
24.87 |
98000 |
1.67 |
0.42 |
24.87 |
|
2 |
Nutan Mohan Bhandari |
12,05,122 |
5.12 |
0 |
0.00 |
0.00 |
5.12 |
|
|
Total |
70,61,611 |
29.99 |
98000 |
1.39 |
0.42 |
29.99 |
(*) The term encumbrance has the same meaning as assigned to it in regulation 28(3) of the SAST Regulations, 2011.
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the
Shareholder |
No. of Shares held |
Shares as % of
Total No. of Shares |
|
|
1 |
Deutsche Bank Trust Company Americas (Custodians of underlying shares against GDRs held by Monument Pte Limited) |
2109808 |
8.96 |
|
|
2 |
Monument Pte Limited |
1761620 |
7.48 |
|
|
3 |
Jhunjhunwala Rakesh Radheshyam |
1735425 |
7.37 |
|
|
4 |
Sharad Mohanlal Bhatewara |
400713 |
1.70 |
|
|
5 |
Surya Prakash Gupta |
341000 |
1.45 |
|
|
6 |
Shah Pradip Padamshi |
308761 |
1.31 |
|
|
7 |
Rajendra Bhagirath Taparia |
271051 |
1.15 |
|
|
8 |
Jhunjhunwala Rekha Rakesh |
267500 |
1.14 |
|
|
9 |
Fidelity Multitrade Private Limited |
245022 |
1.04 |
|
|
|
Total |
7440900 |
31.60 |
|
Shareholding of securities (including shares, warrants,
convertible securities) of persons (together with PAC) belonging to the
category “Public” and holding more than 5% of the total number of shares of the
company
|
Sl. No. |
Name(s) of the
shareholder(s) and the Persons Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of
Total No. of Shares |
|
|
1 |
Deutsche Bank Trust Company Americas (Custodians of underlying shares against GDRs held by Monument Pte Limited) |
2109808 |
8.96 |
|
|
2 |
Monument Pte Limited |
1761620 |
7.48 |
|
|
3 |
Jhunjhunwala Rakesh Radheshyam |
1735425 |
7.37 |
|
|
|
Total |
5606853 |
23.81 |
|
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of specialty
pharmaceutical packaging barrier films, also provides pharmaceutical research
services, clinical services and packaging systems and material. |
|
|
|
|
Products : |
Not Available |
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|
|
|
Brand Names : |
Not Divulged |
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|
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
2000 (Approximately) |
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Bankers : |
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Facilities : |
NOTE (AS ON
31.03.2014)
|
|
|
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|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
R.L.Rathi and Company Chartered Accountants |
|
Address : |
Pune, |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company (AS
ON 31.03.2014): |
· Bilcare Singapore Private Limited · Bilcare Mauritius Limited |
|
|
|
|
Ultimate holding
Company (AS ON 31.03.2014): |
· Bilcare Limited |
|
|
|
|
Subsidiaries(AS ON
31.03.2014): |
·
Bilcare GmbH ·
Bilcare Inc ·
Bilcare Farmacseutica Embalagem E Pesquisas
Limited ·
Bilcare Switzerland SA ·
Bilcare Technologies Singapore Private
Limited ·
Bilcare Technologies Italia Srl. ·
Bilcare Research AG ·
Bilcare Germany Management GmbH ·
Bilcare Germany GmbH & Co KG ·
Films Germany Holding GmbH ·
Bilcare Agency GmbH ·
Bilcare Research Srl. ·
Bilcare Fucine Srl. (For Part of the F.Y) ·
Bilcare Research Inc ·
Bilcare Research GmbH ·
Caprihans India Limited |
|
|
|
|
Joint Venture (AS
ON 31.03.2014): |
|
|
|
|
|
Wholly owned
subsidiary (AS ON 31.03.2014): |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/-each |
Rs.400.000 Million |
|
|
|
|
|
|
5000000 |
Preference Shares |
Rs.10/-each |
Rs.50.000 Million |
|
|
Total |
|
Rs.450.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23545231 |
Equity Shares |
Rs.10/-each |
Rs.235.452
Million |
Terms / rights
attached to equity shares
The Company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
During the year ended 31 March 2014, the amount of per share dividend recognized as distributions to equity shareholders was Rs. NIL (31 March 2013: Rs. NIL).
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
Details of
Shareholders holding more than 5% shares in the Company
|
Particulars |
31.03.2014 |
|
|
No. of Shares |
% of holding |
|
|
Mohan H. Bhandari |
6253489 |
26.56% |
|
Deutsche Bank Trust Company Americas (Custodian of shares against GDR’s issued) |
2109808 |
8.96% |
|
Monument Pte. Limited |
1761620 |
7.48% |
|
Rakesh R. Jhunjhunwala |
1735425 |
7.37% |
|
Nutan M. Bhandari |
1425122 |
6.05% |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
235.500 |
235.452 |
235.452 |
|
(b) Reserves & Surplus |
6434.700 |
8312.348 |
9444.609 |
|
(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) |
6670.200 |
8547.800 |
9680.061 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9492.300 |
10087.502 |
11554.585 |
|
(b) Deferred tax liabilities
(Net) |
723.000 |
1025.502 |
1174.851 |
|
(c) Other long term
liabilities |
990.500 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.500 |
6.202 |
12.725 |
|
Total
Non-current Liabilities (3) |
11219.300 |
11119.206 |
12742.161 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2022.000 |
2191.809 |
2254.731 |
|
(b) Trade payables |
374.700 |
312.418 |
707.311 |
|
(c) Other current liabilities |
5492.900 |
4009.091 |
1502.504 |
|
(d) Short-term provisions |
543.700 |
182.309 |
-17.370 |
|
Total
Current Liabilities (4) |
8433.300 |
6695.627 |
4447.176 |
|
|
|
|
|
|
TOTAL |
26322.800 |
26362.633 |
26869.398 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
12282.163 |
6009.200 |
|
(ii) Intangible Assets |
|
265.578 |
357.516 |
|
(iii) Capital work-in-progress |
|
1816.069 |
7851.342 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
6824.300 |
6831.314 |
6943.669 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
32.800 |
47.403 |
52.432 |
|
(e) Other Non-current assets |
417.300 |
496.099 |
545.097 |
|
Total
Non-Current Assets |
20694.100 |
21738.626 |
21759.256 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1415.100 |
1139.897 |
1387.253 |
|
(c) Trade receivables |
1015.300 |
1047.711 |
1014.212 |
|
(d) Cash and cash equivalents |
170.100 |
255.274 |
324.041 |
|
(e) Short-term loans and advances |
3028.200 |
2181.125 |
2384.636 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5628.700 |
4624.007 |
5110.142 |
|
|
|
|
|
|
TOTAL |
26322.800 |
26362.633 |
26869.398 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
3313.300 |
4013.520 |
7274.304 |
|
|
Other Income |
42.700 |
(68.788) |
(7.855) |
|
|
TOTAL |
3356.000 |
3944.732 |
7266.449 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2438.400 |
2640.910 |
4777.817 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(31.000) |
81.357 |
(32.270) |
|
|
Employees benefits
expense |
241.600 |
192.916 |
263.700 |
|
|
Other expenses |
454.100 |
454.591 |
434.871 |
|
|
TOTAL |
3103.100 |
3369.774 |
5444.118 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
252.900 |
574.958 |
1822.331 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1318.400 |
1470.382 |
1024.944 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(1065.500) |
(895.424) |
797.387 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1055.200 |
678.062 |
419.953 |
|
|
|
|
|
|
|
Less/ Add |
Prior Period Expenses |
-- |
2.463 |
30.936 |
|
|
|
|
|
|
|
Less/ Add |
Exceptional Items |
(0.900) |
(374.875) |
0.000 |
|
|
|
|
|
|
|
Less/ Add |
Extraordinary Items |
-- |
0.000 |
231.246 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(2119.800) |
(1201.074) |
115.252 |
|
|
|
|
|
|
|
Less |
TAX |
(282.900) |
13.497 |
49.470 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(1836.900) |
(1214.571) |
65.782 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
876.010 |
584.933 |
|
|
Lease Rent |
NA |
0.000 |
262.500 |
|
|
Dividend (from Joint
venture) |
NA |
0.000 |
27.560 |
|
|
TOTAL EARNINGS |
NA |
876.010 |
874.993 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw
Material |
NA |
1187.048 |
1839.814 |
|
|
TOTAL IMPORTS |
NA |
1187.048 |
1839.814 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(78.00) |
(51.58) |
2.79 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
2621.433 |
2503.415 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
(55.44) |
(30.26) |
0.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.63 |
14.33 |
25.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.87) |
(6.78) |
0.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.32) |
(0.14) |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.73 |
1.44 |
1.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67 |
0.69 |
1.15 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
Market Value |
Rs.41.70/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
235.452 |
235.452 |
235.500 |
|
Reserves & Surplus |
9444.609 |
8312.348 |
6434.700 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
9680.061 |
8547.800 |
6670.200 |
|
|
|
|
|
|
long-term borrowings |
11554.585 |
10087.502 |
9492.300 |
|
Short term borrowings |
2254.731 |
2191.809 |
2022.000 |
|
Total
borrowings |
13809.316 |
12279.311 |
11514.300 |
|
Debt/Equity
ratio |
1.427 |
1.437 |
1.726 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7274.304 |
4013.520 |
3313.300 |
|
|
|
(44.826) |
(17.447) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7274.304 |
4013.520 |
3313.300 |
|
Profit |
65.782 |
(1214.571) |
(1836.900) |
|
|
0.90% |
(30.26%) |
(55.44%) |
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 |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
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 |
No |
|
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:
|
HIGH COURT OF
BOMBAY |
|||||||||||||||||||||||||||||||
|
CASE DETAILS BENCH: BOMBAY |
|||||||||||||||||||||||||||||||
|
Presentation
Date:- 23/01/2015 |
|||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
|
Petitioner: DHANLAXMI
BANK LIMITED Respondent: BILCARE LIMITED CIN L28939PN1987PLC043953 Petn. Adv :LEGAL ASSOCIATES (I7138) Resp.
Adv.: O(O) District: OUTSIDE
MAHARASHTRA |
|||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
|
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION
|
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10574152 |
10/06/2015 |
449,200,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA
ROAD, CONTONMENT, PUNE, MAHARA |
C56049745 |
|
2 |
10529795 |
26/05/2015 * |
252,500,000.00 |
LAKSHMI VILAS BANK LIMITED |
CTS NO. 998 A J
CRYSTAL SHUKRAWAR PETH,, SWARGATE |
C55477509 |
|
3 |
10572825 |
15/09/2014 |
140,000,000.00 |
THE SOUTH INDIAN BANK LTD |
289 EMCA HOUSE S B
SINGH ROAD, FORT, MUMBAI, MAHA |
C55394886 |
|
4 |
10572819 |
15/09/2014 |
1,328,908,000.00 |
THE SOUTH INDIAN BANK LTD |
289 EMCA HOUSE S B SINGH
ROAD, FORT, MUMBAI, MAHA |
C55392948 |
|
5 |
10490111 |
29/03/2014 |
440,000,000.00 |
IDBI BANK LIMITED |
201, PRIDE HOUSE,
2ND FLOOR,UNIVERED,SHIVAJINAGAR, |
C03738713 |
|
6 |
10483108 |
23/01/2014 |
623,200,000.00 |
LAKSHMI VILAS BANK LIMITED |
CTS NO. 998 A J
CRYSTAL SHUKRAWAR PETH,, SWARGATE |
B98685068 |
|
7 |
10381902 |
24/09/2012 |
70,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B60228418 |
|
8 |
10340125 |
07/02/2012 |
3,500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR,
BOMBAY DYEING MILLS COMPOUND, |
B34099549 |
|
9 |
10340325 |
07/02/2012 |
10,798,900,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR,
BOMBAY DYEING MILLS COMPOUND, |
B34190553 |
|
10 |
10329545 |
19/12/2011 |
500,000,000.00 |
JAMMU AND KASHMIR BANK LIMITED |
A-17 RING ROAD, LAJPAT
NAGAR- IV, NEW DELHI, DELH |
B29817624 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loans |
|
108.820 |
|
Term Loan from Banks |
|
500.000 |
|
Others |
|
89.346 |
|
SHORT TERM
BORROWINGS |
|
|
|
Fixed deposits from Public |
|
1656.827 |
|
Loans and advances from related parties |
|
50.000 |
|
Total |
NA |
2404.993 |
NOTE: (AS ON
31.03.2014)
- Deferred sales tax loan is interest free and is repayable in yearly installments till 2023.
- The other unsecured loan carries interest @ 3 % p.a. and repayable in 10 annual equal installments starting from 2014.
- Fixed deposits from public carries interest @ 11% to 12% p.a.
FIXED ASSETS
Tangible Assets
- Land
- Building
- Plant and
Machinery
- Vehicles
- Electric
Fitting
- Furniture and
Fixture
- Office
Equipment
- Tools and
Equipments
Intangible Assets
- Patent and
Trademarks
- Other
Intangible Assets
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.63.85 |
|
|
1 |
Rs.100.10 |
|
Euro |
1 |
Rs.72.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SNA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
--- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
YES |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
16 |
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.