MIRA INFORM REPORT
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Report No. : |
320722 |
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Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPRIYA LIFESCIENCE LIMITED |
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Registered
Office : |
207/208, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai –
400063, Maharashtra |
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Tel No.: |
91-22-40332727 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.03.2008 |
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Com. Reg. No.: |
11-180452 |
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Capital
Investment / Paid-up Capital : |
Rs.48.789
Million |
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CIN No.: [Company Identification
No.] |
U51900MH2008PLC180452 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS59819E |
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PAN No.: [Permanent Account No.] |
AALCS8686A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Active Pharmaceutical Ingredient (API) and Drug Intermediates. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 870000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was setup as a partnership concern in the year 1984 under the name
“Supriya Chemicals”. Further in the year 2008 it was reconstituted as public
limited company with the current name. It is an established company having
satisfactory track. Management has filed Form 66 depicting Compliance Certificate for FY
14 whereas, failed to file any other documents for the same year with the
statutory authorities. However as per our request Mr. Vijay Kulkarni, Finance
Manager made available the financial statements for FY 2014. The company possesses an average financial profile marked by adequate
net worth base along with high working capital intensive nature of its
operations. Management has witnessed a better growth in its sales volume as well
as net profitability during FY 14. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of sufficient credit worthy character and experience of the
promoters, the subject 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Vijay Kulkarni |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-40332727 |
LOCATIONS
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Registered Office/ Corporate Office : |
207/208, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai –
400063, Maharashtra, India |
|
Tel. No.: |
91-22-40332727/ 66942507 |
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Fax No.: |
91-22-26860011 |
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E-Mail : |
accounts@supriyalifescience.com |
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Website : |
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Factory : |
A-5/2, Lote Parshuram Industrial Area, M.I.D.C., Chiplun, Taluka Khed,
District Ratnagiri – 415722,
Maharashtra India |
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Tel. No.: |
91-2356-272299 |
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Fax No.: |
91-2356-272178 |
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Email : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Satish Waman Wagh |
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Designation : |
Managing Director |
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Address : |
4, Prabhas, Plot No.9, H.F. Society Road, Jogeshwari (East), Mumbai –
400 060, Maharashtra, India |
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Date of Birth/Age : |
29.12.1955 |
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Date of Appointment : |
01.06.2008 |
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DIN No.: |
01456982 |
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Other Directorship:
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Name : |
Mrs. Asha Waman Wagh |
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Designation : |
Whole-time Director |
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Address : |
Mangirish Building, Plot No.9, Ground Floor, Hindu Friends Society
Road, Gogeshwari (East), Mumbai – 400060, Maharashtra, India |
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Date of Birth/Age : |
19.05.1932 |
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Date of Appointment : |
01.06.2008 |
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DIN No.: |
00833849 |
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Other Directorship:
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Name : |
Mr. Ananda Narayan Tawar |
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Designation : |
Additional
Director |
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Address : |
Flat
512, C Wing, Plot B11-B12, Sector 6, New Panvel (East), Panvel – 410 206,
Maharashtra, India |
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Date of Appointment : |
11.10.2014 |
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DIN No.: |
06993641 |
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MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Satish Waman Wagh |
|
4837950 |
|
Asha Waman Wagh |
|
9750 |
|
Smita Satish Wagh |
|
21450 |
|
Kavita Waman Desai |
|
488 |
|
Shankar Sitaram Karmarkar |
|
4388 |
|
Deepak Ganpat Chavan |
|
488 |
|
Dilip Vadilal Talsania |
|
488 |
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Sonali Satish Wagh |
|
1950 |
|
Shivani Satish Wagh |
|
1950 |
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Total |
|
4878902 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.88 |
|
Other top fifty shareholders |
0.12 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Active Pharmaceutical Ingredient (API) and Drug Intermediates. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash, Advance Payment and Credit |
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Purchasing : |
Cash, Advance Payment and Credit |
PRODUCTION STATUS (As on 31.03.2013):
|
Particulars |
Unit |
Actual Production |
|
Bulk Drugs |
MT |
450.49 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
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Facilities : |
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Financial Institution : |
Siemens Financial Services Private Limited, 130, Pandurang Budhkar Marg, Worli, Mumbai – 400 018, Maharashtra, India |
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Auditors : |
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|
Name : |
P.K. Mutha and Company Chartered Accountants |
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Address : |
Alankar, 3rd Floor, 208, Samuel Street, Masjid Bunder
(West), Mumbai – 400 003, Maharashtra, India |
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Tel No.: |
91-22-23436467/ 23414361 |
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Fax No.: |
91-22-66336963 |
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Email : |
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PAN No.: |
AAFPM3396L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Other Related Parties (As on 31.03.2013) : |
Swastik Industries |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.48.789 Million
As on 31.03.2013
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 |
|
|
|
|
|
|
4878902 |
Equity Shares |
Rs.10/- each |
Rs.48.789
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 |
48.789 |
48.789 |
32.526 |
|
(b) Reserves & Surplus |
255.518 |
200.062 |
177.037 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
7.682 |
7.682 |
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Total
Shareholders’ Funds (1) + (2) |
304.307 |
256.533 |
217.245 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
172.211 |
105.679 |
94.043 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
172.211 |
105.679 |
94.043 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
473.542 |
368.009 |
259.203 |
|
(b) Trade
payables |
308.857 |
241.032 |
205.499 |
|
(c) Other
current liabilities |
24.527 |
17.715 |
22.133 |
|
(d) Short-term
provisions |
19.095 |
22.128 |
18.022 |
|
Total Current
Liabilities (4) |
826.021 |
648.884 |
504.857 |
|
|
|
|
|
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TOTAL |
1,302.539 |
1,011.096 |
816.145 |
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
451.999 |
385.480 |
318.733 |
|
(ii)
Intangible Assets |
0.342 |
0.082 |
0.103 |
|
(iii)
Capital work-in-progress |
54.518 |
3.179 |
3.896 |
|
(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 |
10.010 |
3.665 |
3.315 |
|
(e) Other
Non-current assets |
0.908 |
0.312 |
0.218 |
|
Total Non-Current
Assets |
517.777 |
392.718 |
326.265 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
301.666 |
302.144 |
244.842 |
|
(c) Trade
receivables |
278.443 |
176.793 |
157.405 |
|
(d) Cash
and cash equivalents |
43.100 |
30.665 |
23.386 |
|
(e)
Short-term loans and advances |
161.553 |
108.776 |
64.247 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
784.762 |
618.378 |
489.880 |
|
|
|
|
|
|
TOTAL |
1,302.539 |
1,011.096 |
816.145 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
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||
|
|
|
Revenue from Operations (Net) |
1,230.559 |
921.057 |
782.588 |
|
|
|
|
Revolution reserve written
back |
2.580 |
2.580 |
0.000 |
|
|
|
|
Other Income |
15.905 |
24.799 |
21.842 |
|
|
|
|
TOTAL (A) |
1,249.044 |
948.436 |
804.430 |
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|
|
|
|
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||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
725.536 |
605.232 |
570.454 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(2.757) |
(29.875) |
(70.178) |
|
|
|
|
Employee Benefits Expenses |
73.732 |
49.695 |
39.394 |
|
|
|
|
Other Expenses |
187.670 |
185.955 |
142.727 |
|
|
|
|
TOTAL (B) |
984.181 |
811.007 |
682.397 |
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|
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||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
264.863 |
137.429 |
122.033 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
60.456 |
47.597 |
37.047 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
204.407 |
89.832 |
84.986 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
19.352 |
15.025 |
13.801 |
||
|
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|
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|
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||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
185.055 |
74.807 |
71.185 |
||
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||
|
Less |
TAX (H) |
22.369 |
26.367 |
24.500 |
||
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||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
162.686 |
48.440 |
46.685 |
||
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
134.215 |
106.603 |
60.210 |
||
|
|
|
|
|
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||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Proposed dividend payable |
NA |
3.253 |
0.250 |
|
|
|
|
Dividend distribution tax |
NA |
0.552 |
0.042 |
|
|
|
|
Transferred to share capital
for bonus shares |
NA |
14.255 |
0.000 |
|
|
|
|
Short tax provision of earlier
years |
NA |
2.768 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
134.215 |
106.603 |
||
|
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|
|
|
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||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
NA |
509.972 |
521.780 |
|
|
|
TOTAL EARNINGS |
NA |
509.972 |
521.780 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
NA |
241.031 |
156.554 |
|
|
|
|
Capital Goods |
NA |
3.248 |
1.004 |
|
|
|
TOTAL IMPORTS |
NA |
244.279 |
157.558 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
12.85 |
9.93 |
14.35 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
13.22 |
5.26 |
5.97 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
21.52 |
14.92 |
15.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.83 |
7.42 |
8.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.61 |
0.29 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.12 |
1.85 |
1.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
0.95 |
0.97 |
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 |
32.526 |
48.789 |
48.789 |
|
Reserves & Surplus |
177.037 |
200.062 |
255.518 |
|
Share Application money pending allotment |
7.682 |
7.682 |
0.000 |
|
Net
worth |
217.245 |
256.533 |
304.307 |
|
|
|
|
|
|
Long Term borrowings |
94.043 |
105.679 |
172.211 |
|
Short Term borrowings |
259.203 |
368.009 |
473.542 |
|
Total
borrowings |
353.246 |
473.688 |
645.753 |
|
Debt/Equity
ratio |
1.626 |
1.846 |
2.122 |
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 |
782.588 |
921.057 |
1,230.559 |
|
|
|
17.694 |
33.603 |
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
|
782.588 |
921.057 |
1,230.559 |
|
Profit |
46.685 |
48.440 |
162.686 |
|
|
5.97% |
5.26% |
13.22% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Note: The registered office
address of the company has been shifted from 4, Prabhas Plot No.9, H.F. Society
Road, Jogeshwari (East), Mumbai – 400 060, Maharashtra to present address
w.e.f. 16.12.2009.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans from banks and body corporates |
NA |
0.225 |
|
Loan from directors |
NA |
(2.368) |
|
SHORT-TERM
BORROWINGS |
|
|
|
Unsecured loan installments repayable within one year |
NA |
7.623 |
|
Total |
NA |
5.480 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10536302 |
27/11/2014 |
41,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra - 400057, India |
C36800290 |
|
2 |
10528597 |
14/10/2014 |
47,500,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra - 400057, India |
C31934300 |
|
3 |
10519807 |
31/07/2014 |
3,600,000.00 |
Siemens Financial
Services Private Limited |
130, Pandurang Budhkar
Marg, Worli, Mumbai, Maharashtra - 400018, India |
C19793603 |
|
4 |
10519805 |
31/07/2014 |
19,000,000.00 |
Siemens Financial
Services Private Limited |
130, Pandurang Budhkar Marg,
Worli, Mumbai, Maharashtra - 400018, India |
C19793264 |
|
5 |
10507995 |
03/07/2014 |
50,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East), Mumbai,
Maharashtra - 400057, India |
C10486090 |
|
6 |
10507223 |
26/06/2014 |
30,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra - 400057, India |
C09996885 |
|
7 |
10469569 |
20/12/2013 |
27,500,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra - 400057, India |
B93285294 |
|
8 |
10465581 |
26/11/2013 |
8,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra - 400057, India |
B91713172 |
|
9 |
10458319 |
24/10/2013 |
4,700,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra - 400057, India |
B88824024 |
|
10 |
10458370 |
13/09/2013 |
5,061,146.00 |
Siemens Financial
Services Private Limited |
130, Pandurang Budhkar
Marg, Worli, Mumbai, Maharashtra - 400018, India |
B88833363 |
|
11 |
10446086 |
21/08/2013 |
10,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch, Bholanath
Co-Operative Housing Society, Subhash Road, Vile Parle (East), Mumbai,
Maharashtra - 400057, India |
B83581652 |
|
12 |
10446346 |
19/08/2013 |
5,000,000.00 |
Development Credit Bank
Limited |
601 And 602, Peninsula Business
Park, 6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai, |
B83685271 |
|
13 |
10416343 |
20/03/2013 |
35,250,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra - 400057, India |
B72108236 |
|
14 |
10406495 |
01/02/2013 |
25,000,000.00 |
Development Credit Bank
Limited |
601 And 602, Peninsula Business
Park, 6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai, |
B68993195 |
|
15 |
10406500 |
01/02/2013 |
47,000,000.00 |
Development Credit Bank
Limited |
601 And 602, Peninsula Business
Park, 6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai, |
B68994276 |
|
16 |
10408311 |
11/01/2013 |
13,500,000.00 |
Siemens Financial
Services Private Limited |
130, Pandurang Budhkar Marg,
Worli, Mumbai, Maharashtra - 400018, India |
B69726669 |
|
17 |
10368173 |
19/07/2012 |
20,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East), Mumbai,
Maharashtra |
B44730133 |
|
18 |
10368165 |
05/07/2012 |
20,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra |
B44729432 |
|
19 |
10360498 |
21/05/2012 |
5,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra |
B41575390 |
|
20 |
10166123 |
28/11/2014 * |
101,102,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch,
Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East),
Mumbai, Maharashtra |
C37833803 |
|
21 |
10162109 |
11/06/2009 |
45,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Goregaon East Branch, 1st
Floor, Raghunath Krupa, Walawalkar Wadi, Goregaon East, Mumbai,
Maharashtra - 400063, India |
A63860852 |
|
22 |
10161799 |
23/04/2009 |
19,214,371.00 |
Citi Bank N.A. |
Cititower, 61, Dr. S. S.
Rao Road, Parel, Mumbai, Maharashtra - 400012, India |
A63819031 |
|
23 |
10166139 |
30/01/2014 * |
100,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch, Bholanath
Co-Operative Housing Society, Subhash Road, Vile Parle (East), Mumbai,
Maharashtra |
B95695656 |
|
24 |
10166142 |
20/11/2014 * |
770,000,000.00 |
The Saraswat Co-Operative
Bank Limited |
Sme Vile Parle Branch, Bholanath
Co-Operative Housing Society, Subhash Road, Vile Parle (East), Mumbai,
Maharashtra |
C34497164 |
*Date of modification Charges
FIXED ASSETS:
· Factory Land
· Factory Building
· Plant and Machinery
· Electrical Fittings
· Furniture and Fixtures
· Laboratory Equipments
· Motor Car
· Office Equipment
· Air Conditioners
· Office Premises
· Books
· Product Registration
· Computer
· Computer Software
· Motor Cycle
· Delivery Vehicles
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record exists
to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
46 |
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.