MIRA INFORM REPORT
|
Report No. : |
338977 |
|
Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
HIMEDIA LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
23, Vadhani Industrial Estate, L.B.S. Marg, Ghatkopar (West), Mumbai -
400086, |
|
Tel. No.: |
91-22-25001607/ 61169797 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.09.1982 |
|
|
|
|
Com. Reg. No.: |
11-028194 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.45.563 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85195MH1982PTC028194 |
|
|
|
|
IEC No.: |
0388060166 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH08140G |
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|
|
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PAN No.: [Permanent Account No.] |
AAACH3784P |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of Peptones, Vegetable Origin, Animal based protein
hydrolysates |
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|
|
|
No. of Employees
: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2500000 |
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|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy operational risk profile marked
by its promoter’s expertise in the culture media business, decent financial
base and adequate liquidity position of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating : A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
04.05.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating : A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
04.05.2015 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Basant |
|
Designation : |
Finance Manger |
|
Contact No.: |
91-22-25001607 |
|
Date : |
01.09.2015 |
LOCATIONS
|
Registered/ Head Office : |
23, Vadhani Industrial Estate, L.B.S. Marg, Ghatkopar (West), Mumbai -
400 086, |
|
Tel. No.: |
91-22-25001607/ 61169797 |
|
Fax No.: |
91-22-25005764 / 25002468/ 2500 2286 |
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E-Mail : |
|
|
Website : |
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|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
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Corporate Office : |
A 516, Swastik Disha Business Park, via Vadhani Industrial Estate,
L.B.S. Marg, Mumbai-400086, Maharashtra, India |
|
Tel. No.: |
91-22-61471919/ 25003747/ 25000970/ 25000278 |
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Fax No.: |
91-22-61471920/ 25005764/ 2500 2468 |
|
|
|
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Factory 1 : |
Plot No. W-239(B), MIDC Industrial Area, Phase II, Dombivali (East),
Thane, |
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|
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Factory 2 : |
Plot No. B-6 in Dindori Industrial Area, Village Palkhed, Taluka Dindori,
District Nasik, Maharashtra, India |
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|
|
|
Warehouse: |
Located ·
Bhiwandi, Thane, Maharashtra, India |
DIRECTORS
As on 29.09.2014
|
Name : |
Dr. Gangadhar Motiram Warke |
|
Designation : |
Managing Director |
|
Address : |
133 Prim Rose, Tata Glendale, Pokharan Road No. 2, Thane – 400610,
Maharashtra, India |
|
Date of Birth/Age : |
16.09.1941 |
|
Qualification: |
M.Sc., |
|
Date of Appointment : |
08.09.1992 |
|
PAN No.: |
AAAPW0772D |
|
DIN No.: |
00131921 |
|
|
|
|
Name : |
Mr. Vishnu Motiram Warke |
|
Designation : |
Whole Time Director |
|
Address : |
C-2/ 1002, 10th Floor, Lok Everest, J. D. Road, Mulund,
Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1945 |
|
Qualification: |
B.Sc., |
|
Date of Appointment : |
08.09.1992 |
|
PAN No.: |
AAAPW2012N |
|
DIN No.: |
00143047 |
|
|
|
|
Name : |
Mr. Saroj Gangadhar Warke |
|
Designation : |
Director |
|
Address : |
132, Prim Rose, Tata Glendale, Pokharan Road No. 2, Thane – 400610,
Maharashtra, India |
|
Date of Birth/Age : |
27.02.1949 |
|
Date of Appointment : |
29.09.2014 |
|
DIN No.: |
00142782 |
|
|
|
|
Name : |
Mr. Vishal Gangadhar Warke |
|
Designation : |
Whole Time Director |
|
Address : |
131, 13th Floor, Prime Rose Gladys A Lverex Road-Village Majiwade,
Thane – 400607, Maharashtra, India |
|
Date of Birth/Age : |
29.04.1973 |
|
Date of Appointment : |
01.08.2004 |
|
PAN No.: |
AAIPW9404G |
|
DIN No.: |
00143167 |
|
|
|
|
Name : |
Mr. Anil Tryambak Warke |
|
Designation : |
Whole Time Director |
|
Address : |
Mathura Anandghan Co-Operative Society, Sant Namdeo Path, Dombivali
(East), Thane – 421201, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1960 |
|
Date of Appointment : |
01.05.1998 |
|
PAN No.: |
AAAPW2003R |
|
DIN No.: |
00143275 |
|
|
|
|
Name : |
Mr. Rahul Gangadhar Warke |
|
Designation : |
Whole Time Director |
|
Address : |
134, 13th Floor, Prime Rose Gladys Al Wares Marg, Pokhran Road No.2, Thane
– 400602, Maharashtra, India |
|
Date of Birth/Age : |
19.09.1974 |
|
Qualification: |
M.Sc., |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
AAIPW9403B |
|
DIN No.: |
00143397 |
|
|
|
|
Name : |
Mrs. Priti Vishal Warke |
|
Designation : |
Whole Time Director |
|
Address : |
131, Prim Rose, Tata Glendale, Pokharan Road No. 2, Thane – 400610,
Maharashtra, India |
|
Date of Birth/Age : |
11.12.1976 |
|
Date of Appointment : |
01.08.2005 |
|
PAN No.: |
AAQPW2037H |
|
DIN No.: |
00809839 |
|
|
|
|
Name : |
Mr. Pravin Tryambak Warke |
|
Designation : |
Whole Time Director |
|
Address : |
Madhura Building, Anandgaon Sant Namdeo Path, Dombivli, Thane –
421201, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1965 |
|
Date of Appointment : |
01.08.2005 |
|
PAN No.: |
AAAPW2137Q |
|
DIN No.: |
01672973 |
|
|
|
|
Name : |
Mr. Rajas Vishnu Warke |
|
Designation : |
Director |
|
Address : |
C-2/ 1002, 10th Floor, Lok Everest, J. D. Road, Mulund, Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
06.02.1978 |
|
Date of Appointment : |
16.06.2008 |
|
PAN No.: |
AAIPW9405H |
|
DIN No.: |
02247355 |
|
|
|
|
Name : |
Mr. Swati Vishnu Warke |
|
Designation : |
Director |
|
Address : |
Trupti Appartment, Mahatma Phule Road, Mulund, Mumbai - 400081, Maharashtra, India |
|
Date of Appointment : |
03.12.2014 |
|
DIIN No.: |
02509723 |
|
|
|
|
Name : |
Mr. Ramesh Tryambak Warke |
|
Designation : |
Director |
|
Address : |
Mathura Anandghan Co-operative Housing Society Sant Namdeo Path, Dombivali (East), Thane, 421201, Maharashtra, INDIA |
|
Date of Appointment : |
03.01.2002 |
|
DIN NO.: |
00142973 |
KEY EXECUTIVES
|
Name : |
Mr. Basant |
|
Designation : |
Finance Manger |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Gangadhar M. Warke |
128027 |
|
Vishnu M. Warke |
128026 |
|
Tryambak M. Warke |
188 |
|
Jyoti A. Warke Anil T. Warke |
3375 |
|
Pravin. T. Warke T. M. Warke |
950 |
|
Pravin T. Warke Sangeeta. P. Warke |
49275 |
|
Ramesh T. Warke T. M Warke |
950 |
|
R. Ramesh T. Warke S. R. Warke |
49275 |
|
Anil T. Warke T. M. Warke |
10400 |
|
Anil T. Warke J. A. Warke |
36450 |
|
Rajas V. Warke |
675 |
|
Saroj G. Warke |
337 |
|
Swati V. Warke |
337 |
|
Vishal G. Warke |
337 |
|
Rahul G. Warke |
337 |
|
Gangadhar M. Warke (HUF) |
337 |
|
Vishnu M. Warke (HUF) |
337 |
|
Promino Health Product Private Limited, |
337 |
|
P. T. Warke (HUF) |
225 |
|
R. T. Warke (HUF) |
225 |
|
A. T. Warke (HUF) |
225 |
|
Saroj G Warke |
7500 |
|
Rahul G. Warke |
7500 |
|
Vishal G. Warke |
7500 |
|
Swati V. Warke |
7500 |
|
Rajas V. Warke |
15000 |
|
Total |
455625 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Peptones, Vegetable Origin, Animal based protein
hydrolysates |
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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 : |
· Peptones · Vegetable Origin |
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Countries : |
· Mauritius · Spain · Bangkok · Germany · Kuwait · UAE · Muscat · Switzerland |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· Muscat · Sri Lanka · France · Mauritius · Bangkok · Germany · UK |
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Terms : |
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Selling : |
Cash, L/C and Credit (30 Days) |
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Purchasing : |
Cash, L/C and Credit (30 Days) |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
700 (Approximately) |
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Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India · Union Bank of India, Kapurbavdi Branch, Thane, Maharashtra, India
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
A.B. Jog and Company Chartered Accountants |
|
Address : |
604-B, Manisha Apartments, |
|
Tel. No. : |
91-22-28209245 |
|
Fax No. : |
91-22-24313042 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPJ0523Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company
: |
Himedia Laboratories LLC, USA |
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Associates : |
· Warkem Biotech Private Limited · Pure Nutriplant Chemicals Private Limited · Promino Health Products Private Limited |
|
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|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· Agencia Ladiagnos · X-Pert Computer Consultants · Warke Family Trust · Biopharmaceutical Enterprises · H. P. Works · Promino Products · Biotech Consultant |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
455,625 |
Equity Shares |
Rs.100/- each |
Rs. 45.563
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 |
45.563 |
18.225 |
18.225 |
|
(b) Reserves & Surplus |
832.090 |
700.108 |
560.059 |
|
(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) |
877.653 |
718.333 |
578.284 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
394.496 |
273.712 |
258.632 |
|
(b) Deferred tax liabilities (Net) |
13.290 |
13.288 |
12.678 |
|
(c) Other long term
liabilities |
155.354 |
148.478 |
137.470 |
|
(d) long-term
provisions |
10.734 |
4.564 |
2.140 |
|
Total Non-current
Liabilities (3) |
573.874 |
440.042 |
410.920 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
400.133 |
386.810 |
329.287 |
|
(b) Trade
payables |
203.236 |
189.904 |
159.003 |
|
(c) Other
current liabilities |
81.700 |
36.274 |
72.776 |
|
(d) Short-term
provisions |
87.719 |
75.034 |
43.627 |
|
Total Current
Liabilities (4) |
772.788 |
688.022 |
604.693 |
|
|
|
|
|
|
TOTAL |
2224.315 |
1846.397 |
1593.897 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
555.150 |
454.859 |
437.045 |
|
(ii)
Intangible Assets |
18.221 |
2.974 |
1.357 |
|
(iii)
Capital work-in-progress |
24.281 |
0.609 |
28.862 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.997 |
5.259 |
0.013 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
60.981 |
42.634 |
25.871 |
|
(e) Other
Non-current assets |
1.874 |
1.708 |
1.963 |
|
Total Non-Current
Assets |
663.504 |
508.043 |
495.111 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
745.667 |
640.424 |
520.974 |
|
(c) Trade
receivables |
484.450 |
463.584 |
330.261 |
|
(d) Cash
and cash equivalents |
252.312 |
162.059 |
174.642 |
|
(e) Short-term
loans and advances |
65.753 |
65.490 |
57.690 |
|
(f) Other
current assets |
12.629 |
6.797 |
15.219 |
|
Total
Current Assets |
1560.811 |
1338.354 |
1098.786 |
|
|
|
|
|
|
TOTAL |
2224.315 |
1846.397 |
1593.897 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2333.939 |
2129.258 |
1642.454 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
326.472 |
274.257 |
160.557 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
114.199 |
91.845 |
52.567 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
212.273 |
182.412 |
107.990 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
26.987 |
18.542 |
27.083 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
154.959 |
131.604 |
74.168 |
|
|
|
Dividend (Interim and Final) |
52.954 |
42.363 |
42.363 |
|
|
BALANCE CARRIED
TO THE B/S |
31.347 |
26.987 |
18.542 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
691.207 |
667.438 |
483.254 |
|
|
TOTAL EARNINGS |
691.207 |
667.438 |
483.254 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
487.546 |
406.730 |
236.576 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
466.000 |
1001.00 |
593.00 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2500.000 |
The above information has been parted by Mr. Basant (Finance Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
39.433 |
30.705 |
36.869 |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flow from operating activity |
269.338 |
149.111 |
234.245 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
9.97 |
11.11 |
6.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.86 |
14.90 |
10.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.38 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.95 |
0.96 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02 |
1.95 |
1.82 |
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 |
18.225 |
18.225 |
45.563 |
|
Reserves & Surplus |
560.059 |
700.108 |
832.090 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
578.284 |
718.333 |
877.653 |
|
|
|
|
|
|
long-term borrowings |
258.632 |
273.712 |
394.496 |
|
Short term borrowings |
329.287 |
386.810 |
400.133 |
|
Current Maturities Of
Long-Term Debts |
36.869 |
30.705 |
39.433 |
|
Total
borrowings |
624.788 |
691.227 |
834.062 |
|
Debt/Equity
ratio |
1.080 |
0.962 |
0.950 |
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 |
1642.454 |
2129.258 |
2333.939 |
|
|
|
29.639 |
9.613 |
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 |
1642.454 |
2129.258 |
2333.939 |
|
Profit |
107.990 |
182.412 |
212.273 |
|
|
6.57% |
8.57% |
9.10% |
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 |
Yes |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10530220 |
12/08/2014 |
80,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
C32957037 |
|
2 |
90243478 |
04/02/2004 * |
141,800,000.00 |
STATE BANK OF INDIA |
L B S ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
3 |
90186763 |
14/08/2014 * |
728,000,000.00 |
STATE BANK OF INDIA |
MUMBAI COMMERCIAL
BRANCH, N.G.N. VAIDYA MARG, HO |
C19717248 |
|
4 |
90184117 |
21/07/1999 |
53,000,000.00 |
STATE BANK OF INDIA |
SSI BUSINESS BRANCH; GHATKOPAR (WEST) BRANCH, L.B.S MARG; GHATKOPAR, MUMBAI, MAHARASHTRA - 400086, INDIA |
- |
|
5 |
90186618 |
11/11/1998 |
66,000,000.00 |
STATE BANK OF INDIA |
ASHOK MILLS COMPOUND; L.B.S ROAD, GHATKOPAR WEST, MUMBAI, MAHARASHTRA - 400086, INDIA |
- |
|
6 |
90242142 |
15/01/2015 * |
728,000,000.00 |
STATE BANK OF INDIA |
MUMBAI COMMERCIAL
BRANCH, N.G.N. VAIDYA MARG, HO |
C42918656 |
|
7 |
90184076 |
30/07/2004 * |
53,000,000.00 |
STATE BANK OF INDIA |
ASHOK MILLS COMPOUND; L.B.S ROAD, GHATKOPAR WEST, MUMBAI, MAHARASHTRA - 400086, INDIA |
- |
|
8 |
90186467 |
17/07/2000 * |
53,000,000.00 |
STATE BANK OF INDIA |
ASHOK MILLS COMPOUND, L.B.S ROAD; GHATKOPAR WEST, MUMBAI, MAHARASHTRA - 400086, INDIA |
- |
|
9 |
90186415 |
17/01/1997 |
53,000,000.00 |
STATE BANK OF INDIA |
SPECIALISED SMALL
INDUSTRY ESTATE BRANCH, MUMBAI, |
- |
|
10 |
90185632 |
29/03/1994 * |
9,980,000.00 |
STATE BANK OF INDIA |
SSI BUSINESS BRANCH; GHATKOPAR (WEST) BRANCH, L.B.S MARG; GHATKOPAR, MUMBAI, MAHARASHTRA - 400086, INDIA |
- |
|
11 |
90185594 |
14/05/1990 |
1,200,000.00 |
STATE BANK OF INDIA |
ASHOK MILLS COMPOUND, L.B.S ROAD; GHATKOPAR WEST, MUMBAI, MAHARASHTRA - 400086, INDIA |
- |
|
12 |
90185311 |
09/03/1988 |
5,970,000.00 |
STATE BANK OF INDIA |
GHATKOPAR (WEST) BRANCH, L.B.S MARG; GHATKOPAR, MUMBAI, MAHARASHTRA - 400086, INDIA |
- |
|
13 |
90185010 |
18/10/1985 |
2,500,000.00 |
STATE BANK OF INDIA |
L.B.S ROAD;
GHATKOPAR WEST, MUMBAI, MAHARASHTRA - |
- |
|
14 |
90185009 |
17/10/1985 |
1,508,000.00 |
STATE BANK OF INDIA |
L.B.S ROAD;
GHATKOPAR WEST, MUMBAI, MAHARASHTRA - |
- |
|
15 |
90183891 |
29/08/1985 |
5,400,000.00 |
STATE BANK OF INDIA |
L.B.S ROAD;
GHATKOPAR WEST, MUMBAI, MAHARASHTRA - |
- |
|
16 |
90184874 |
29/08/1985 * |
646,000.00 |
STATE BANK OF INDIA |
L.B.S ROAD;
GHATKOPAR WEST, MUMBAI, MAHARASHTRA - |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
117.687 |
119.912 |
|
Deposits from directors |
176.646 |
118.646 |
|
Other loans and advances, others |
38.759 |
34.759 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from banks |
0.000 |
0.200 |
|
Total |
333.092 |
273.517 |
OPERATIONS:
The company registered an increase in domestic turnover by 13.27% and in export turnover by 2.54% over that of the previous year. The increase in domestic turnover is the result of the marketing efforts of the directors. The export turnover could not increase much due to recessionary conditions throughout the world and also due to billing to most of the overseas buyers on FOB basis instead of CIF basis earlier.
The sales promotion efforts are continuously going on and enabling the company to exploit the full potential of markets in India and abroad. This is evident from the increased turnover for the year in spite of competitive conditions in the country and in the global economy. A better utilization of resources has enabled the Company to increase the profit after tax for the year. The healthcare scenario of the country has been changing for the better due to increased awareness from the government and among the general public. An encouraging quantum of enquiries is being received. The turnover for the first four months of the current year, which is normally a lean period, has amounted to Rs.805.700 Million. The directors are optimistically confident of not only achieving a target of Rs.2850.000 Million set for the current year, but exceeding the same.
During the year, the company has taken strides in the introduction of new products. These products are the results of the Research and Development efforts of your company in the field of vegetable based peptone, Plant tissue culture cells, and monoclonal and polyclonal antibodies, Animal cell culture media & Molecular Biological kits. These products are finding acceptability in domestic and foreign markets, both existing and new. Kits to test rapid growth of bacteria are being well accepted. Various in-vitro diagnostic reagents continue to find a ready global market. During the last year, the Company has introduced complete detection of Sickle cell kit in Hematology range, harmonized media for Pharmaceutical industries and developed economical version of water testing kit. These products are significantly contributing to increase in turnover. The company introduced first time in the world the rapid and simple diagnostic kits for pharmaceutical, clinical, food, water and milk testing and is planning to take the patent for the same.
The company has already successfully started marketing Hiveg products in USA. Also regular Medias are also created besides veg products. The Company is also targeting Hiveg products in fermentation industries where animal based products will be replaced with Hiveg products. A-comprehensive range of stem cells, primary cells and their media were launched during last year.
Stem cell, which is a new field, was launched in the last year and it is significantly contributing to increase in turnover.
Due to these circumstances the directors are hopeful of achieving the projected turnover in this financial year also.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
· Books Periodicals
Intangible Assets
· Computer Software
· Know-How
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.66.22 |
|
|
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
60 |
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.