|
|
|
MIRA INFORM REPORT
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Report No. : |
502989 |
|
Report Date : |
11.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
APEX LABORATORIES PRIVATE LIMITED (w.e.f. 08.04.2008) |
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Formerly Known
As : |
APEX LABORATORIES LIMITED |
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Registered
Office : |
3rd Floor,
SIDCO Garment Complex, Guindy, Chennai – 600032, Tamilnadu |
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Tel. No.: |
91-44-42225000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
15.07.1978 |
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Com. Reg. No.: |
18-007554 |
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Capital
Investment / Paid-up Capital : |
INR 20.132 Million |
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CIN No.: [Company Identification
No.] |
U85195TN1978PTC007554 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
33680760925 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEA00690E |
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GSTN : [Goods & Service Tax
Registration No.] |
33AAACA5174G1Z0 |
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PAN No.: [Permanent Account No.] |
AAACA5174G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The subject is engaged in the business of manufacturing and selling of pharmaceutical and neutraceutical branded formulations. (Registered activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 5500000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1978.
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Borrowing =
BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
12.03.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Borrowing = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
12.03.2018 |
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
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is not
listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 11.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE: Tel. No.:
91-44-42225000
LOCATIONS
|
Registered Office : |
3rd Floor,
SIDCO Garment Complex, Guindy, Chennai – 600032, Tamilnadu |
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Tel. No.: |
91-44-42225000 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
Shed
No.C-7, S. F. No: 237 / 3A, Industrial Estate, Alathur, Kancheepuram
District, Tamilnadu, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vanangamudi Sulur Subramaniam |
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Designation : |
Managing Director |
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Address : |
No.29, 4th Road, VGP Layout, Injambakkam, Chennai – 600041,
Tamilnadu, India |
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Date of Birth/Age : |
03.04.1956 |
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Qualification : |
MBA |
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Experience : |
34 Years |
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Date of Appointment : |
03.02.1982 |
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DIN No.: |
00056717 |
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PAN No.: |
ABPPV7230H |
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Other Directorship:
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Name : |
Srinivasan Murali |
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Designation : |
Director |
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Address : |
New No.69, AG Block, Third Street, Anna Nagar, Chennai – 600040,
Tamilnadu, India |
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Date of Birth/Age : |
28.03.1961 |
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Date of Appointment : |
23.02.2013 |
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Qualification : |
MBA |
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PAN No.: |
AAKPM0048E |
||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
01812061 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Sulur Ponmudi Vigneswaran |
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Designation : |
Whole-time Director |
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Address : |
10/1A,
S.S.V. Nagar, Kalangal Road, Sulur, Coimbatore – 641402, Tamilnadu, India |
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Date of Birth/Age : |
11/09/1983 |
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Date of Appointment : |
01.10.2012 |
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Qualification : |
MBA |
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PAN No.: |
AFNPV1956J |
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DIN No.: |
02404873 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Maletur Ramachandraiyer Swaminathan |
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Designation : |
Director |
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Address : |
Old No.25, New No.66, Southdher Street, Sulur Palladam, Coimbatore –
641402, Tamilnadu, India |
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Date of Birth/Age : |
12.08.1952 |
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Date of Appointment : |
03.09.1982 |
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DIN No.: |
02582810 |
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Name : |
Mr.
Thangavelu Mannavan |
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Designation : |
Director
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Address : |
Old No.10, New No: 16, Panchayat Office Street Sulur, Coimbatore Rural – 641402, Tamilnadu, India |
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Date of Birth/Age : |
02.06.1962 |
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Date of Appointment : |
29.09.2014 |
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DIN No.: |
06870265 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mr.S. Murali |
|
198 |
|
M. R. Swaminathan |
|
134 |
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Mrs. S.P. Kayalvizhi |
|
2000 |
|
Mrs.S.P.Devi |
|
2000 |
|
Mrs.S.P.Vijayalakshmi |
|
2000 |
|
Mr.S.P.Vigneshwaran |
|
15228 |
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Mr. S. S. Vanangamudi |
|
174678 |
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Mr.S.R. Thangavelu |
|
134 |
|
S. S. Bhanumathy |
|
473 |
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S. S. Kalamani |
|
473 |
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Usha Vanagamudi |
|
4000 |
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Total |
|
201318 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
94.33 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
5.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is engaged in the business of manufacturing and selling of pharmaceutical and neutraceutical branded formulations. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Financial Institutions : |
Tata Capital Financial Services Limited, One Forbes, Dr. V
B Gandhi, Marg, Fort, Mumbai - 400001, Maharashtra, India |
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|
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Auditors : |
|
|
Name : |
T.D. Jain and D.I. Sakaria Chartered Accountants |
|
Address : |
No.34, Keshaw Nivas, 3rd
Floor, 1st Main Road, Gandhi Nagar, Bangalore – 560009, Karnataka,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFO2177L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
U24231TN2002PTC049892 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
275000 |
Equity Shares |
INR 100/- each |
INR 27.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
201318 |
Equity Shares |
INR 100/- each |
INR 20.132
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.132 |
15.091 |
13.719 |
|
(b) Reserves and Surplus |
1907.602 |
1302.301 |
1107.451 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
500.255 |
500.255 |
|
Total
Shareholders’ Funds (1) + (2) |
1927.734 |
1817.647 |
1621.425 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
464.924 |
660.071 |
799.525 |
|
(b) Deferred tax liabilities (Net) |
202.123 |
198.417 |
156.513 |
|
(c) Other long-term
liabilities |
83.906 |
51.106 |
46.890 |
|
(d) long-term
provisions |
68.125 |
53.487 |
53.524 |
|
Total Non-current
Liabilities (3) |
819.078 |
963.081 |
1056.452 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
759.843 |
589.202 |
535.185 |
|
(b) Trade
payables |
436.711 |
415.369 |
513.627 |
|
(c) Other
current liabilities |
723.726 |
662.650 |
544.423 |
|
(d) Short-term
provisions |
23.439 |
30.835 |
16.083 |
|
Total Current
Liabilities (4) |
1943.719 |
1698.056 |
1609.318 |
|
|
|
|
|
|
TOTAL |
4690.531 |
4478.784 |
4287.195 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2321.874 |
2402.711 |
2001.747 |
|
(ii)
Intangible Assets |
76.152 |
141.399 |
208.770 |
|
(iii) Tangible assets capital
work-in-progress |
78.340 |
36.233 |
376.749 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
256.134 |
250.057 |
250.187 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
432.377 |
333.546 |
318.752 |
|
(e) Other
Non-current assets |
21.098 |
1.426 |
0.830 |
|
Total Non-Current
Assets |
3185.975 |
3165.372 |
3157.035 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
777.789 |
642.307 |
638.622 |
|
(c) Trade
receivables |
525.505 |
398.686 |
269.641 |
|
(d) Cash and
bank balances |
84.143 |
69.206 |
48.560 |
|
(e)
Short-term loans and advances |
71.605 |
183.295 |
154.038 |
|
(f) Other current
assets |
45.514 |
19.918 |
19.299 |
|
Total
Current Assets |
1504.556 |
1313.412 |
1130.160 |
|
|
|
|
|
|
TOTAL |
4690.531 |
4478.784 |
4287.195 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4146.815 |
3740.055 |
3454.733 |
|
|
Other Income |
9.757 |
3.351 |
3.445 |
|
|
TOTAL |
4156.572 |
3743.406 |
3458.178 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1125.969 |
973.087 |
891.119 |
|
|
Purchases of
Stock-in-Trade |
373.458 |
246.054 |
480.213 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(89.081) |
(9.367) |
(103.962) |
|
|
Employee benefit expense |
984.996 |
798.260 |
709.945 |
|
|
CSR expenditure |
0.000 |
0.000 |
0.000 |
|
|
Other expenses |
1202.562 |
1057.579 |
915.777 |
|
|
TOTAL |
3597.904 |
3065.613 |
2893.092 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
558.668 |
677.793 |
565.086 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
188.527 |
191.640 |
151.791 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
370.141 |
486.153 |
413.295 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
226.230 |
214.811 |
202.463 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
143.911 |
271.342 |
210.832 |
|
|
|
|
|
|
|
Less |
TAX |
33.825 |
61.773 |
23.354 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
110.086 |
209.569 |
187.478 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
308.081 |
261.937 |
241.577 |
|
|
TOTAL EARNINGS |
308.081 |
261.937 |
241.577 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
50.157 |
22.667 |
49.261 |
|
|
Components and Stores parts |
3.701 |
2.598 |
0.000 |
|
|
Packing Materials |
0.077 |
0.000 |
0.000 |
|
|
Capital Goods |
1.655 |
7.952 |
40.195 |
|
|
TOTAL
IMPORTS |
55.590 |
33.217 |
89.456 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
547.95 |
1316.77 |
1242.275 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
389.422 |
578.793 |
835.607 |
|
Net cash flows from (used in) operating activities |
355.597 |
517.020 |
812.674 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
46.25 |
38.91 |
28.49 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.89 |
9.38 |
12.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
106.31 |
124.36 |
136.71 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.72 |
1.06 |
0.88 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.23 |
0.26 |
0.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.51 |
0.53 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.64 |
0.69 |
0.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.01 |
0.93 |
0.99 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.28 |
1.42 |
1.60 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.96 |
3.54 |
3.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.65 |
5.60 |
5.43 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.35 |
4.68 |
4.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.71 |
11.53 |
11.56 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.77 |
0.77 |
0.70 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.37 |
0.40 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.41 |
0.41 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
60.84 |
82.78 |
97.29 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.77 |
0.77 |
0.70 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
13.719 |
15.091 |
20.132 |
|
Reserves & Surplus |
1107.451 |
1302.301 |
1907.602 |
|
Share Application money pending allotment |
500.255 |
500.255 |
0.000 |
|
Net
worth |
1621.425 |
1817.647 |
1927.734 |
|
|
|
|
|
|
Long Term borrowings |
799.525 |
660.071 |
464.924 |
|
Short Term borrowings |
535.185 |
589.202 |
759.843 |
|
Total
borrowings |
1334.710 |
1249.273 |
1224.767 |
|
Debt/Equity
ratio |
0.823 |
0.687 |
0.635 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3454.733 |
3740.055 |
4146.815 |
|
|
0.000 |
8.259 |
10.876 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3454.733 |
3740.055 |
4146.815 |
|
Profit/ (Loss) |
187.478 |
209.569 |
110.086 |
|
|
5.43
% |
5.60
% |
2.65
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 38/76, C.P. Ramasamy Road, Alwarpet, Madras – 18, Alwarpet, Madras-18, Tamilnadu, India to the present address w.e.f. 01.12.2012.
CORPORATE INFORMATION
Subject (the company) is a Private Limited company domiciled in India and incorporated under provisions of the Companies Act, 1956. The company is engaged in the business of manufacturing and selling of pharmaceutical and neutraceutical branded formulations. The company caters to both domestic and international markets.
During the previous year ended 31 March 2015, Arlab India private limited (transferor company) and Pharma Manufacturing division of Vanan Pharma private limited (demerged company), merged its operations with Apex laboratories private limited (transferee company) pursuant to the scheme of Amalgamation and Arrangement (demerger) approved by the Honorable high court of Madras on 21 March 2016 effective from 1 April 2014.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G77191310 |
100136242 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
29/07/2017 |
22/01/2018 |
- |
300000000.0 |
One Forbes, Dr V B Gandhi Marg,Fort,MumbaiMH400001IN |
|
2 |
G45109600 |
100100865 |
FULLERTON INDIA CREDIT COMPANY LIMITED |
26/04/2017 |
- |
- |
100800000.0 |
Megh Towers, Third Floor, Old No-307,New No-165, Poonamallee High Road, Maduravoyal,ChennaiTa600095IN |
|
3 |
G71085419 |
100098766 |
IDFC BANK LIMITED |
24/04/2017 |
24/10/2017 |
- |
235000000.0 |
KRM Tower, 7th Floor, No. 1,Harrington Road, Chetpet,ChennaiTa600031IN |
|
4 |
G07415219 |
100038232 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
06/07/2016 |
- |
- |
80000000.0 |
1st Floor, CRESCENZO Building, C-38/39,"G" Block, Bandra Kurla Complex,Bandra (East)MumbaiMa400051IN |
|
5 |
G02617355 |
100024410 |
BANK OF INDIA |
12/04/2016 |
- |
- |
5000000.0 |
CHENNAI MID CORPORATE BRANCH 4THFLOOR,"TARAPORE TOWERS" 826, ANNA SALAICHENNAITN600002IN |
|
6 |
G73428070 |
100019502 |
Axis Bank Limited |
10/07/2015 |
11/08/2017 |
- |
753900000.0 |
MID Corporate III, Ground Floor,Karumuthu Nilayam, 192, Anna SalaiCHENNAITN600002IN |
|
7 |
C62175849 |
10586997 |
Axis Bank Limited |
08/07/2015 |
- |
- |
937400000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGJ380006IN |
|
8 |
C55050298 |
10572173 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
21/05/2015 |
- |
- |
128000000.0 |
1st Floor, CRESCENZO Building, C-38/39,"G" Block, Bandra Kurla Complex,Bandra (East)MumbaiMH400051IN |
|
9 |
C50893445 |
10563449 |
AXIS BANK LTD |
25/03/2015 |
- |
- |
276500000.0 |
CORPORATE BANKING BRANCH, GROUND FLOORKARUMUTHU NILAYAM, NO.192, ANNA SALAICHENNAITN600002IN |
|
10 |
C50894658 |
10563450 |
AXIS BANK LTD |
25/03/2015 |
- |
- |
457400000.0 |
CORPORATE BANKING BRANCH, GROUND FLOORKARUMUTHU NILAYAM, NO.192, ANNA SALAICHENNAITN600002IN |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Residential building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipments
Intangible assets
- Computer software
- Copyrights, patents and other operating rights
- Patents
- Goodwill
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
|
INR |
|
US Dollar |
1 |
INR 64.92 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 79.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.