MIRA INFORM REPORT
|
Report No. : |
348339 |
|
Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEDICAPS LIMITED |
|
|
|
|
Registered
Office : |
Mhow-Neemuch Road, Sector-1, Pithampur - 454 775, Disttrict Dhar,
Madhya Pradesh |
|
Tel. No.: |
91-7292-424242/ 407445/407446/253596 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
06.08.1983 |
|
|
|
|
Com. Reg. No.: |
10-002231 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 124.699 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24232MP1983PLC002231 |
|
|
|
|
IEC No.: |
1189002078 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLM01282B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM1905G |
|
|
|
|
Legal Form : |
A Public Limited Liability company. The company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of Capsules |
|
|
|
|
No. of Employees
: |
215 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 6th August, 1983 as a private
limited company and was converted into public limited on 3rd March,
1986. It is engaged into business of manufacturing of Empty Hard Gelatine
Capsule (EHGC). It has moderate track record. The company possesses a decent financial profile marked by adequate
networth base, zero debt, good profitability and fair liquidity. Further, the ratings also take into consideration, a minimal share
price of Rs. 19.15/- recorded by the company as against a face value of Rs.
10 as on November 5, 2015. Trade relations are fair. Business is active. Payment are reported to
be slow but correct. The company can be considered normal for business dealings with some
cautions. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Amit Parmar |
|
Designation : |
Assistant Account Manager |
|
Contact No.: |
91-7292-407445/ 407446 |
|
Date : |
05.11.2015 |
LOCATIONS
|
Registered Office / Factory : |
|
|
Tel. No.: |
91-7292-424242/ 407445/407446/253596 |
|
Fax No.: |
91-7292-407387/ 424242 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
201, Pushpratna Paradise, 9/5, New Palasia, Indore-452001,
|
|
Tel. No.: |
91-731-4046321/ 4041435 |
|
Fax No.: |
91-731-4041435 |
|
Email. : |
|
|
Website : |
DIRECTORS
As on: 31.03.2015
|
Name : |
Mr. Ramesh C. Mittal |
|
Designation : |
Chairman and Managing Director |
|
Date of Birth |
16.06.1947 |
|
Qualification: |
B. Pharma |
|
PAN No. : |
ABZPM1785C |
|
Date of Appointment : |
06.08.1983 |
|
DIN No.: |
00035272 |
|
|
|
|
Name : |
Mr. Alok K. Garg |
|
Designation : |
Whole Time Director |
|
Date of Birth |
27.04.1969 |
|
Qualification: |
B.A. (Honors), MBA (Marketing), Diploma in Export Documentation & Implementation from IIFT, Delhi |
|
PAN No. : |
AAHPG5352J |
|
Date of Appointment : |
01.04.1999 |
|
DIN No.: |
00274321 |
|
|
|
|
Name : |
Mrs. Kusum Mittal |
|
Designation : |
Whole Time Director |
|
Date of Birth |
08.08.1950 |
|
Qualification: |
B.A |
|
PAN No. : |
ABZPM1784D |
|
Date of Appointment : |
04.05.1991 |
|
DIN No.: |
00035356 |
|
|
|
|
Name : |
Mrs. Trapti Vikas Gupta |
|
Designation : |
Director |
|
Date of Birth |
30.04.1977 |
|
Qualification: |
MBA Finance |
|
PAN No. : |
AENPM0248M |
|
Date of Appointment : |
30.01.2009 |
|
DIN No.: |
00204741 |
|
|
|
|
Name : |
Dr. Shashikant Sharma |
|
Designation : |
Director |
|
Date of Birth |
05.03.1947 |
|
Qualification: |
MBBS |
|
PAN No. : |
AGTPS5397P |
|
Date of Appointment : |
29.06.1993 |
|
DIN No.: |
00204610 |
|
|
|
|
Name : |
Dr. Shamsher Singh |
|
Designation : |
Director |
|
Date of Birth |
06.06.1942 |
|
Qualification: |
B.E. M.E. and Ph. D. |
|
PAN No. : |
AGAPS8548P |
|
Date of Appointment : |
30.04.2009 |
|
DIN No.: |
00204290 |
|
|
|
|
Name : |
Dr. Keshav Singh Verma |
|
Designation : |
Director |
|
PAN No. : |
ACIPV0319H |
|
Date of Appointment : |
30.04.2007 |
|
DIN No.: |
01490522 |
|
|
|
|
Name : |
Dr. Vishwanath Balkrishna Malker |
|
Designation : |
Director |
|
PAN No. : |
ABVPM7903Q |
|
Date of Appointment : |
Up to 29.05.2014 |
|
DIN No.: |
02491684 |
|
|
|
|
Name : |
Shri Pramod Fatehpuria |
|
Designation : |
Independent Director |
|
Date of Appointment : |
29.05.2014 |
|
Qualification: |
B. com |
|
Date of Birth |
02.11.1961 |
|
DIN No.: |
00972389 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Parmar |
|
Designation : |
Assistant Account Manger |
|
|
|
|
Name : |
Shri Ashok R. Pitliya |
|
Designation : |
General Manager Finance - Member |
|
|
|
|
Name : |
Shri Manish Kumar Jain |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. Rajat Gupta |
|
Designation : |
Secretary and Head Compliance |
|
Address : |
211, Gumasta Nagar, Indore-452001, Madhya Pradesh, India |
|
|
|
|
Name : |
Ishan Jain and Company |
|
Designation : |
Company Secretaries |
|
Address : |
401, Silver Ark Plaza, 20/1, New Palasia, Indore-452001, Madhya Pradesh, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2015
|
Category of Shareholder |
Total
No. of Shares |
As a % |
|
(A) Shareholding of Promoter
and Promoter Group |
|
|
|
|
|
|
|
|
5938656 |
47.62 |
|
|
307128 |
2.46 |
|
|
6245784 |
50.09 |
|
|
|
|
|
Total shareholding of Promoter
and Promoter Group (A) |
6245784 |
50.09 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
0 |
0.04 |
|
|
0 |
0.23 |
|
|
0 |
0.27 |
|
|
|
|
|
|
652504 |
5.34 |
|
|
|
|
|
|
2563865 |
24.73 |
|
|
2230774 |
18.07 |
|
|
161357 |
1.50 |
|
|
133830 |
1.28 |
|
|
27527 |
0.22 |
|
|
5608500 |
49.64 |
|
Total Public shareholding (B) |
5608500 |
49.91 |
|
Total (A)+(B) |
11854284 |
100.00 |
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
11854284 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Capsules |
||||
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||||
|
Products : |
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||||
|
|
|
||||
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Brand Names : |
Not Divulged |
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|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||
|
Customers : |
|
||||||||||||||
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|
||||||||||||||
|
No. of Employees : |
215 (Approximately) |
||||||||||||||
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|
Bankers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
-- |
|
Auditors : |
|
|
Name : |
C P Rawka and Company Chartered Accountants |
|
Address : |
403, Acrcade Sliver, 56,1, New Palasia, Indore - 452 001, Madhya
Pradesh, India |
|
Tel. No.: |
91-731-2541132 |
|
Fax No.: |
91-731-4215397 |
|
E-Mail : |
|
|
|
|
|
Internal Auditor |
|
|
Name : |
Praveen
Shrivastava and Company Chartered Accountants |
|
Address : |
208, Sapana
Chamber, 12/1 South Tukoganj, Behind Shreemaya Hotel, Indore - 452
001, Madhya Pradesh, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
Medgel
Private Limited (U24239MP2007PTC019204) |
CAPITAL STRUCTURE
As on: 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13021047 |
Equity Shares |
Rs.10/- each |
Rs. 130.210
Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12469956 |
Equity Shares |
Rs.10/- each |
Rs. 124.699
Million |
|
|
|
|
|
Details of shareholders holding more than 5 percent share in the company
|
Name of shareholders |
No. of shares |
% of Holding |
|
R.C. Mittal |
3166320 |
25.40% |
|
Kusum Mittal |
2700136 |
21.65% |
Reconciliation of the number of shares outstanding at the beginning and
the end of the reporting period:
|
|
31.03.2015 |
|
|
|
No. of Shares
held |
Rs. in Million |
|
Equity Shares of Rs. 10 At the beginning of the period |
12469956 |
124.699 |
|
Issued during the period |
-- |
|
|
|
|
|
|
Outstanding at
the end of the period |
12469956 |
124.699 |
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 |
124.699 |
124.699 |
124.699 |
|
(b) Reserves & Surplus |
518.863 |
499.502 |
498.075 |
|
(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) |
643.562 |
624.201 |
622.774 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.394 |
2.915 |
2.048 |
|
(c) Other long term
liabilities |
0.000 |
0.763 |
0.763 |
|
(d) long-term
provisions |
7.551 |
6.636 |
5.538 |
|
Total Non-current Liabilities
(3) |
10.945 |
10.314 |
8.349 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
12.214 |
11.727 |
5.337 |
|
(c) Other
current liabilities |
15.238 |
17.268 |
15.475 |
|
(d) Short-term
provisions |
7.500 |
10.000 |
12.000 |
|
Total Current
Liabilities (4) |
34.952 |
38.995 |
32.812 |
|
|
|
|
|
|
TOTAL |
689.459 |
673.510 |
663.935 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
39.648 |
40.013 |
42.762 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
465.420 |
302.732 |
323.204 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.107 |
54.202 |
54.203 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
509.175 |
396.947 |
420.169 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
17.110 |
114.809 |
14.316 |
|
(b)
Inventories |
70.592 |
54.398 |
41.295 |
|
(c) Trade
receivables |
66.365 |
80.023 |
67.455 |
|
(d) Cash and
cash equivalents |
8.955 |
7.966 |
7.504 |
|
(e)
Short-term loans and advances |
17.262 |
19.367 |
113.196 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
180.284 |
276.563 |
243.766 |
|
|
|
|
|
|
TOTAL |
689.459 |
673.510 |
663.935 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
273.631 |
273.698 |
260.251 |
|
|
|
Other Income |
12.059 |
(15.619) |
(13.325) |
|
|
|
TOTAL |
285.690 |
258.079 |
246.926 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
143.654 |
124.829 |
112.458 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(10.937) |
(7.534) |
(16.239) |
|
|
|
Employees benefits expense |
49.289 |
47.257 |
44.674 |
|
|
|
Other expenses |
73.148 |
77.876 |
81.572 |
|
|
|
TOTAL |
255.154 |
242.428 |
222.465 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
30.536 |
15.651 |
24.461 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3.196 |
3.404 |
6.286 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
27.340 |
12.247 |
18.175 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.979 |
10.821 |
11.518 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
19.361 |
1.426 |
6.657 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
461.868 |
460.442 |
433.173 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
481.229 |
461.868 |
460.442 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
15.257 |
15.509 |
6.211 |
|
|
|
|
|
|
|
|
|
IMPORT |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
12.818 |
16.808 |
|
|
|
Capital Goods |
0.246 |
0.263 |
0.208 |
|
|
TOTAL
IMPORT |
0.246 |
13.081 |
17.016 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.55 |
0.11 |
0.53 |
|
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 |
76.310 |
(5.752) |
(127.278) |
|
Net Cash flows from operating activities |
68.810 |
(15.704) |
(139.278) |
QUARTERLY
RESULTS
|
PARTICULARS |
|
|
1 Quarter |
|
Unaudited |
|
|
30.06.2015 |
|
Net Sales |
|
|
69.090 |
|
Total Expenditure |
|
|
(64.170) |
|
PBIDT (Excl OI) |
|
|
4.910 |
|
Other Income |
|
|
0.000 |
|
Operating Profit |
|
|
4.910 |
|
Interest |
|
|
0.000 |
|
Exceptional Items |
|
|
0.000 |
|
PBDT |
|
|
4.910 |
|
Depreciation |
|
|
(0.810) |
|
Profit Before Tax |
|
|
4.100 |
|
Tax |
|
|
(1.200) |
|
Provisions and contingencies |
|
|
0.000 |
|
Profit After Tax |
|
|
2.900 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.08 |
0.52 |
10.56 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.16 |
5.72 |
19.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.20 |
3.30 |
13.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.02 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.16 |
7.09 |
5.64 |
STOCK
PRICES
|
Face Value |
Rs. 10/- |
|
Market Value |
Rs.19.15/- |
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 |
31.175 |
124.699 |
124.699 |
|
Reserves & Surplus |
584.943 |
499.502 |
518.863 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
616.118 |
624.201 |
643.562 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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 |
258.211 |
273.697 |
273.631 |
|
|
|
5.997 |
(0.024) |
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 |
258.211 |
273.697 |
273.631 |
|
Profit |
27.269 |
1.426 |
19.361 |
|
|
10.56% |
0.52% |
7.08% |
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) |
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 |
No |
|
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 |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
ECONOMIC SCENARIO AND
OUTLOOK:
With India expected to 'turn the corner' on the back of structural reforms, its economy is projected to clock 7 per cent growth in 2015 even as China would see an economic slowdown, says a study. Presenting predictions by its economists for the New Year, global consultancy PwC said India is expected to resume growing at more than 6 per cent after seeing expansion below this level since 2012."We think 2015 could be the year that India turns the corner, posting growth of around 7 per cent. In the short term, low oil prices are likely to increase GDP growth, ease the pressures of India's high current account deficit and help bring down inflation," it said. Regarding the country's medium-term economic prospects, PwC said, "They think that the February 2015 budget could see India take a step towards implementing new structural reforms which will boost the economy."
India's economic growth was below 5 per cent in the last two financial years. The Reserve Bank of India (RBI) forecast the economy to grow at 5.5 per cent in 2014-15 (ending this March) and at 6.3 per cent in next financial year 2015-16
PHARMACEUTICAL
INDUSTRY OUTLOOK AND OPPORTUNITIES
The global pharmaceutical market seems to be showing signs of recovery with several positive factors projected for the next four to five years. Global spending on medicines is expected to reach US$ 1.3 trillion by 2018, representing a compounded annual growth rate (CAGR) varying between 5-6% on a constant currency basis for the forecast period of 2014-2018. This is slightly higher than the 5.2% growth rate recorded over the past five years.
Higher growth is primarily on account of general economic wellbeing, the effect of aging populations and chronic/lifestyle diseases on the demand side — and the introduction of new specialty medicines and increased accessibility of patients to medical infrastructure and funding, expansion of emerging markets and advances in treatment and allied technologies on the supply side.
On a regional basis, healthcare spending in North America is
expected to increase on an average by approximately 5% per year during
2014-2018. This expenditure is expected to be partly driven by expanded
consumer access to healthcare through the 2010 Patient Protection and
Affordable Care Act; and partly because of the introduction of new medicines as
well as the general economic recovery of the area.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90207759 |
22/01/1996 |
11,500,000.00 |
I.D.B.I. BANK LIMITED |
ALANKAR CHAMBERS, RATLAM KOTHI, A.B. ROAD, INDORE – 452001, MADHYA PRADESH, INDIA |
- |
|
2 |
90207250 |
24/03/1992 |
300,000.00 |
BANK OF BARODA |
R.N.T. MARG, INDORE, MADHYA PRADESH, INDIA |
- |
|
3 |
90202622 |
05/10/1990 |
1,000,000.00 |
BANK OF BARODA |
R.N.T. MARG, INDORE, MADHYA PRADESH, INDIA |
- |
|
4 |
90204557 |
24/07/1986 |
700,000.00 |
BANK OF BARODA |
R.N.T. MARG, INDORE, MADHYA PRADESH, INDIA |
- |
|
5 |
90202201 |
28/01/1991 * |
9,000,000.00 |
M.P. AUDYOGIK VIKAS NIGAM LIMITED |
PANCHANAN; 2 – ND FLOOR, MALVIYA NAGAR, BHOPAL, MADHYA PRADESH, INDIA |
- |
* Date
of charge modification
FIXED ASSETS:
- Free Hold Land
- Building
- Plant and Machinery
- Furniture and Fixture
- Vehicles
- Computers
STATEMENT OF
STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2015
|
Sr. No. |
Particulars |
Rs in Million |
||
|
Quarter ended |
||||
|
as on 30.06.2015 |
||||
|
(Unaudited) |
||||
|
1 |
(a) Net Sales/Income from Operations |
68.221 |
||
|
|
(b)Other Operating Income |
0.866 |
||
|
|
Total Income
From Operations (Net) |
69.087 |
||
|
2 |
Expenditure |
|
||
|
|
(a) |
Cost of Materials Consumed |
33.236 |
|
|
|
(b) |
Purchases of Stock-in-Trade |
0.000 |
|
|
|
(c) |
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.952 |
|
|
|
(d) |
Employees benefits expense |
12.586 |
|
|
|
(e) |
Power Cost |
8.958 |
|
|
|
(f) |
Depreciation and amortization expense |
0.804 |
|
|
|
(g) |
Other expenses |
8.445 |
|
|
|
|
TOTAL (B) |
64.985 |
|
|
|
|
|
||
|
3 |
Profit from operation before other income, interest and other
exceptional items(1-2) |
4.102 |
||
|
4 |
Other Income |
0.00 |
||
|
5 |
profit before interest and exceptional items(3+4) |
4.102 |
||
|
6 |
Interest |
0.000 |
||
|
7 |
Profit after interest but before exceptional items(5-6) |
4.102 |
||
|
8 |
Exceptional Items |
0.000 |
||
|
9 |
Profit(+)/Loss(-) from Ordinary Activities before tax (7-8) |
4.102 |
||
|
10 |
Tax Expenses |
1.200 |
||
|
11 |
Net Profit(+)/Loss(-) from Ordinary Activities after tax( 9-10) |
2.902 |
||
|
12 |
Extra Ordinary Items |
0.000 |
||
|
13 |
Net Profit(+)/Loss(-) for the period (1112) |
2.902 |
||
|
14 |
Paid-up Equity Share Capital Rs.10/ per share |
124.700 |
||
|
15 |
Reserves excluding revaluation reserves |
-- |
||
|
16 |
Earnings Per
Share |
|
||
|
(a) |
Basic and diluted EPS before Extraordinary items for the period, for
the year to date and for the previous year(not to be annualised) |
0.23 |
||
|
(b) |
Basic and diluted EPS after
Extraordinary items for the period, for the year to date and for the previous
year(not to be annualised) |
0.23 |
||
|
17 |
Public
Shareholding |
|
||
|
|
Number of Shares |
6.224 |
||
|
|
Percentage of Shareholding |
4.991 |
||
|
18 |
Promoters and Promoter group |
|
||
|
|
a) Pledged/Encumbered |
0.000 |
||
|
|
Number of shares |
0.000 |
||
|
|
Percentage of Shares (as a % of the total shareholding of promoter and
promoter group) |
0.000 |
||
|
|
Percentage of Shares (as a % of the total share capital of the
Company) |
|
||
|
|
b) Non-encumbered |
|
||
|
|
Number of shares |
6.246 |
||
|
|
Percentage of Shares (as a % of the total shareholding of promoter and
promoter group) |
100.00 |
||
|
|
Percentage of Shares (as a % of the total share capital of the
Company) |
50.09 |
||
|
|
Particulars |
3 months ended 30.06.2015 |
||
|
|
INVESTOR
COMPLAINTS |
|
||
|
|
Pending at the beginning of the quarter |
0 |
||
|
|
Received during the quarter |
0 |
||
|
|
Disposed off during the quarter |
0 |
||
|
|
Remaining unresolved at the end of the quarter |
0 |
||
|
Notes: |
|
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.65.68 |
|
|
1 |
Rs.101.02 |
|
Euro |
1 |
Rs.71.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPY |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.