|
|
|
MIRA INFORM REPORT
|
Report No. : |
504435 |
|
Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANTHEM BIOSCIENCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.49, F1 and F2, Canara Bank Road, Bommsandara Industrial Area, Phase - I, Hosur Road, Bangalore – 560099, Karnataka |
|
Tel. No.: |
91-80-66724000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.06.2006 |
|
|
|
|
Com. Reg. No.: |
08-039703 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 107.114 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233KA2006PTC039703 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0706014120 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA7588P |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacture of catalytic preparation, other organic compounds such as speciality organic molecules, biologically active peptides etc., which are high-value products used in drug, agrochemical and speciality chemicals industries. (Registered Activity) |
|
|
|
|
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 5450000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006 and it is having good track. For the financial year 2017, the company has increased in its revenue
from operations as compared to previous year and maintained decent profit
margin of 21.24%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and low debt balance sheet. Rating also derives strength from its presence in a niche product
segment as well as its strong past tract records, promoter background along
with technical competence supported by a robust R&D infrastructure and
improvement in the revenue as well as profitability profile during the year. Trade relations are reported as fair. Business is active. Payments are
seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
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 |
ICRA |
|
Rating |
Long Term Rating=A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
22.03.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating=A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
22.03.2018 |
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 19.04.2018
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 BY
|
Name : |
Mr. Krishnan Ramakrishnan |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-80-66724000 |
|
Date : |
18.04.2018 |
LOCATIONS
|
Registered Office : |
No.49, F1 and F2, Canara Bank Road, Bommsandara Industrial Area, Phase - I, Hosur Road, Bangalore – 560099, Karnataka, India |
|
Tel. No.: |
91-80-66724000/ 49 |
|
Fax No.: |
91-80-66724020 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ajay Bhardwaj |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
No. 717, 16th Main, 3rd Block, Koramangala, Bangalore - 560034, Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
20.07.1960 |
||||||||||||||||
|
Date of Appointment : |
13.06.2006 |
||||||||||||||||
|
DIN No.: |
00333704 |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Sambasivam Ganesh |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
No. 1840, 14th Cross, 22nd Main, Sector I, HSR Layout, Bangalore - 560034,
Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
20.12.1965 |
||||||||||||||||
|
Date of Appointment : |
04.08.2006 |
||||||||||||||||
|
DIN No.: |
01469963 |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Koramangala Chandrappa Ravindra |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
276, II Cross, Cambridge Layout, Ulsoor, Bangalore - 560008,
Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
02.11.1966 |
||||||||||||||||
|
Date of Appointment : |
27.09.2006 |
||||||||||||||||
|
DIN No.: |
01580534 |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Krishnan Ramakrishnan |
|
Designation : |
Company Secretary |
|
Address : |
A 301, Terrace Garden, 2nd Main 100 Feet Road Banashankar III Stage, Bangalore - 560085, Karnataka, India |
|
Date of Birth/Age : |
01.02.1962 |
|
Date of Appointment : |
21.07.2008 |
|
PAN No.: |
AAMPR6644K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Ajay Bhardwaj |
|
4680000 |
|
Ganesh Sambasivam |
|
1179442 |
|
Ravindra Koramangala Chandrappa |
|
1179442 |
|
Portsmouth Technologies LLC |
|
330000 |
|
Malay Jiban Baru |
|
336983 |
|
Rupesh Naraharao Kinekar |
|
336983 |
|
Satish Sharma |
|
336983 |
|
Total |
|
8379833 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Portsmouth Technologies LLC |
|
23316 |
|
Total |
|
23316 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
84.00 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
12.06 |
|
Public/Other than promoters (Body corporate) |
3.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacture of catalytic preparation, other organic compounds such as speciality organic molecules, biologically active peptides etc., which are high-value products used in drug, agrochemical and speciality chemicals industries. (Registered Activity) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Products/ Services : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Brand Names : |
Not Available |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Agencies Held : |
Not Available |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Exports : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Imports : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
YVS Vinod and Associates Chartered Accountants |
|
Address : |
Suite No 2, Farah Greens, No 10, Eagle Street, Langford Town, Bangalore, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AARFM1902G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company
: |
Anthem Cellutions (India) Private Limited (CIN No.: U85110KA1991PTC012478) |
|
|
|
|
Associate : |
Anthem Bio Pharma Private Limited (CIN No.: U24232KA2009PTC051551) |
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 325.000 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8379833 |
Equity Shares |
INR 10/- each |
INR 83.798 Million |
|
23316 |
Preference Shares |
INR 1000/- each |
INR 23.316 Million |
|
|
Total
|
|
INR 107.114
Million |
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
25000 |
Preference Shares |
INR 1000/- each |
INR 25.000 Million |
|
|
Total
|
|
INR 125.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8379833 |
Equity Shares |
INR 10/- each |
INR 83.798 Million |
|
23316 |
Preference Shares |
INR 1000/- each |
INR 23.316 Million |
|
|
Total
|
|
INR 107.114
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
107.114 |
83.798 |
83.798 |
|
(b) Reserves and Surplus |
1801.157 |
1129.702 |
734.323 |
|
(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) |
1908.271 |
1213.500 |
818.121 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1506.388 |
772.483 |
431.908 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
18.486 |
|
(c) Other long-term
liabilities |
4.081 |
5.412 |
16.284 |
|
(d) long-term
provisions |
31.252 |
22.484 |
22.144 |
|
Total Non-current
Liabilities (3) |
1541.721 |
800.379 |
488.822 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
317.111 |
269.490 |
187.200 |
|
(b) Trade
payables |
274.727 |
154.847 |
164.977 |
|
(c) Other
current liabilities |
508.509 |
292.320 |
117.948 |
|
(d) Short-term
provisions |
163.414 |
196.561 |
75.595 |
|
Total Current
Liabilities (4) |
1263.761 |
913.218 |
545.720 |
|
|
|
|
|
|
TOTAL |
4713.753 |
2927.097 |
1852.663 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2393.545 |
681.716 |
701.578 |
|
(ii)
Intangible Assets |
20.696 |
5.284 |
2.731 |
|
(iii) Tangible assets
capital work-in-progress |
431.553 |
740.246 |
224.396 |
|
(iv)
Intangible assets under development |
11.152 |
11.151 |
0.000 |
|
(b) Non-current Investments |
194.566 |
191.453 |
191.453 |
|
(c) Deferred tax assets (net) |
5.324 |
13.278 |
0.000 |
|
(d)
Long-term loans and advances |
76.577 |
100.751 |
99.290 |
|
(e) Other
Non-current assets |
17.713 |
0.000 |
0.734 |
|
Total Non-Current
Assets |
3151.126 |
1743.879 |
1220.182 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
223.073 |
53.216 |
11.929 |
|
(b)
Inventories |
412.586 |
300.518 |
188.901 |
|
(c) Trade
receivables |
445.761 |
492.069 |
319.792 |
|
(d) Cash and
bank balances |
110.707 |
38.930 |
25.693 |
|
(e)
Short-term loans and advances |
352.354 |
295.395 |
86.166 |
|
(f) Other
current assets |
18.146 |
3.090 |
0.000 |
|
Total
Current Assets |
1562.627 |
1183.218 |
632.481 |
|
|
|
|
|
|
TOTAL |
4713.753 |
2927.097 |
1852.663 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2722.649 |
2091.354 |
1617.786 |
|
|
Other Income |
58.291 |
40.509 |
24.666 |
|
|
TOTAL |
2780.940 |
2131.863 |
1642.452 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
804.848 |
682.210 |
567.701 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.051 |
(41.585) |
42.385 |
|
|
Employee benefit expense |
514.157 |
379.109 |
290.005 |
|
|
CSR expenditure |
0.000 |
0.287 |
0.000 |
|
|
Other expenses |
468.480 |
341.653 |
242.871 |
|
|
Prior period items before tax |
0.690 |
1.056 |
1.400 |
|
|
TOTAL |
1790.226 |
1362.730 |
1144.362 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
990.714 |
769.133 |
498.090 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
36.031 |
24.755 |
31.900 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
954.683 |
744.378 |
466.190 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
205.722 |
184.403 |
89.931 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
748.961 |
559.975 |
376.259 |
|
|
|
|
|
|
|
Less |
TAX |
170.554 |
153.486 |
117.295 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
578.407 |
406.489 |
258.964 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
990.839 |
624.999 |
391.935 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to Capital Redemption
Reserve |
57.841 |
40.649 |
25.900 |
|
|
Dividend on Pref. Shares(proposed) |
0.012 |
0.000 |
0.000 |
|
|
Tax on preference dividend |
0.002 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
1511.391 |
990.839 |
624.999 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
2732.086 |
1858.042 |
1309.200 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
271.170 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
271.170 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
68.83 |
48.51 |
30.90 |
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 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
847.870 |
529.361 |
250.115 |
|
Net cash flow from operating activity |
847.870 |
316.574 |
215.115 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
59.76 |
85.88 |
72.15 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.11 |
4.25 |
5.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
124.59 |
82.85 |
106.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.40 |
2.56 |
2.64 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.35 |
0.53 |
0.54 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.59 |
0.58 |
0.53 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.96 |
0.86 |
0.76 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.66 |
0.75 |
0.67 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.50 |
1.19 |
1.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
27.50 |
31.07 |
15.61 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
21.24 |
19.44 |
16.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.27 |
13.89 |
13.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
30.31 |
33.50 |
31.65 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.24 |
1.30 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.91 |
0.97 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.40 |
0.41 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
17.02 |
12.43 |
7.39 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.24 |
1.30 |
1.16 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
83.798 |
83.798 |
107.114 |
|
Reserves & Surplus |
734.323 |
1129.702 |
1801.157 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
818.121 |
1213.500 |
1908.271 |
|
|
|
|
|
|
Long-term borrowings |
431.908 |
772.483 |
1506.388 |
|
Short term borrowings |
187.200 |
269.490 |
317.111 |
|
Total
borrowings |
619.108 |
1041.973 |
1823.499 |
|
Debt/Equity
ratio |
0.757 |
0.859 |
0.956 |
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 |
1617.786 |
2091.354 |
2722.649 |
|
|
|
29.273 |
30.186 |
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 |
1617.786 |
2091.354 |
2722.649 |
|
Profit/ (Loss) |
258.964 |
406.489 |
578.407 |
|
|
16.01
% |
19.44
% |
21.24
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
107.114 |
133.798 |
|
(b) Reserves and Surplus |
|
2125.746 |
1375.461 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
2232.860 |
1509.259 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1559.418 |
828.396 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
5.412 |
|
(d) long-term
provisions |
|
44.692 |
30.236 |
|
Total Non-current
Liabilities (3) |
|
1604.110 |
864.044 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
347.906 |
365.161 |
|
(b) Trade
payables |
|
333.650 |
258.867 |
|
(c) Other
current liabilities |
|
530.421 |
294.435 |
|
(d) Short-term
provisions |
|
47.626 |
268.836 |
|
Total Current
Liabilities (4) |
|
1259.603 |
1187.299 |
|
|
|
|
|
|
TOTAL |
|
5096.573 |
3561.744 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2499.569 |
794.478 |
|
(ii)
Intangible Assets |
|
83.568 |
66.567 |
|
(iii) Tangible assets
capital work-in-progress |
|
431.289 |
740.246 |
|
(iv)
Intangible assets under development |
|
11.152 |
11.152 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
(0.520) |
7.864 |
|
(d)
Long-term loans and advances |
|
81.608 |
110.618 |
|
(e) Other
Non-current assets |
|
48.996 |
37.670 |
|
Total Non-Current
Assets |
|
3155.662 |
1768.595 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
266.709 |
84.464 |
|
(b)
Inventories |
|
578.554 |
466.715 |
|
(c) Trade
receivables |
|
737.772 |
838.042 |
|
(d) Cash and
bank balances |
|
111.476 |
40.357 |
|
(e)
Short-term loans and advances |
|
227.343 |
357.476 |
|
(f) Other
current assets |
|
19.057 |
6.095 |
|
Total
Current Assets |
|
1940.911 |
1793.149 |
|
|
|
|
|
|
TOTAL |
|
5096.573 |
3561.744 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3559.602 |
3082.230 |
|
|
Other Income |
|
68.796 |
48.167 |
|
|
TOTAL |
|
3628.398 |
3130.397 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1258.041 |
1297.541 |
|
|
Purchases of
Stock-in-Trade |
|
74.422 |
31.542 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
10.348 |
(30.700) |
|
|
Employee benefit expense |
|
625.034 |
452.139 |
|
|
CSR expenditure |
|
0.100 |
0.575 |
|
|
Other expenses |
|
508.735 |
410.212 |
|
|
Prior period items before tax |
|
0.726 |
0.560 |
|
|
Exceptional items before tax |
|
0.000 |
0.983 |
|
|
TOTAL |
|
2477.406 |
2162.852 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1150.992 |
967.545 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
54.292 |
34.341 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1096.700 |
933.204 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
215.184 |
205.154 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
881.516 |
728.050 |
|
|
|
|
|
|
|
Less |
TAX |
|
220.708 |
226.627 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
660.808 |
501.423 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
68.03 |
59.37 |
|
|
Diluted |
|
NA |
37.18 |
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 |
GENERAL INFORMATION
The company has been set up as a Life sciences / Biotechnology based venture specialising in the manufacture of catalytic preparation, other organic compounds such as speciality organic molecules, biologically active peptides etc., which are high-value products used in drug, agrochemical and speciality chemicals industries.
The Company has received the letter of permission under the 100% EOU scheme for manufacture of catalytic preparation and other organic compounds from the office of the Development Commissioner, CSEZ, sub office in Karnataka, vide letter No.1/80/2006:PER:EOU:KR:CSEZ/106 dated 19th January 2007, which is further extended vide letter No :1/80/2006:EOU:CSEZ/942 dated 18th June 2012 . In accordance with the said letter of permission, the facilities at the factory located at Bommasandra Industrial Area are with its best in class infrastructure which includes a modern c-GMP kilo lab and a versatile GMP pilot plant. Anthem Biosciences has the capacity to do GMP synthesis from milligram to kilogram and multi-kilogram scale. The projects results are initially transmitted by means of reports followed by the manufacture of small sample quantities that are sent to clients for testing purpose.
The Company has received approval from Department of Scientific and Industrial Research Technology for in-house research and development for the purpose of section 35 (2AB) of the Income Tax Act, 1961 beginning 1 April 2011 to 31 March 2017.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Borrowing from government semi-government bodies |
0.000 |
3.402 |
|
Loans and advances from related parties |
268.843 |
219.811 |
|
Short-term
borrowings |
|
|
|
Borrowing from government semi-government bodies |
0.000 |
1.174 |
|
Total |
268.843 |
224.387 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49824725 |
100114200 |
HDFC BANK LIMITED |
16/05/2017 |
- |
- |
750000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
G37193992 |
100080421 |
BIOTECHNOLOGY INDUSTRY RESEARCH ASSISTANCE COUNCIL |
14/02/2017 |
- |
- |
112110685.0 |
MTNL Building, 1st Floor,9 CGO Complex, Lodi Road New Delhi 110003 INDIA |
|
3 |
G30614036 |
100067303 |
Syndicate Bank |
21/10/2016 |
- |
- |
170000000.0 |
Mid Corporate Branch, Anand Bhavan1st Floor, Netkallappa Circle, Basavanagud Bangalore KARNATAKA 560004 INDIA |
|
4 |
C77612612 |
10589525 |
Syndicate Bank |
10/08/2015 |
08/01/2016 |
- |
292400000.0 |
Mid Corporate Branch Bangalore, First floor,"Anand Bhavan" Netkallappa Circle, Market Road Bangalore KARNATAKA 560004 INDIA |
|
5 |
C77783488 |
10589528 |
SYNDICATE BANK |
10/08/2015 |
11/01/2016 |
- |
95800000.0 |
Mid Corporate Branch Bangalore, First floor, "Anand Bhavan" Netkallappa Circle,Market Road Bangalore KARNATAKA 560004 INDIA |
|
6 |
C66650516 |
10595739 |
CITI BANK N.A. |
29/07/2015 |
- |
- |
120000000.0 |
2nd Floor, No.5, M.G.Road Bangalore KARNATAKA 560001 INDIA |
|
7 |
C64670797 |
10589144 |
EXPORT-IMPORT BANK OF INDIA |
27/05/2015 |
06/06/2015 |
- |
450000000.0 |
CENTRE ONE BUILDING ,FLOOR 21, WORLD TRADE CENTRE CUFFE PARADE MUMBAI MAHARASHTRA 400005 INDIA |
|
8 |
C49485055 |
10560143 |
Syndicate Bank |
27/03/2015 |
- |
- |
750000000.0 |
Mid Corporate Branch Bangalore,First floor,"Anand Bhavan" Netkallappa Circle, Market Road Bangalore KARNATAKA 560004 INDIA |
|
9 |
C10605095 |
10508137 |
Citi Bank N.A. |
26/05/2014 |
- |
- |
100000000.0 |
2nd Floor, No.5,M. G. Road, BANGALORE KARNATAKA 560001 INDIA |
|
10 |
C67215715 |
10049342 |
State Bank of India |
11/03/2007 |
22/12/2014 |
15/10/2015 |
380600000.0 |
INDUSTRIAL FINANCE BRANCHRESIDENCY PLAZA, RESIDENCY ROAD BANGALORE KARNATAKA 560025 INDIA |
FIXED ASSETS
- Land
- Buildings
- Office building
- Factory building
- Other building
- Plant and equipment
- Factory equipments
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 records 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 65.68 |
|
|
1 |
INR 93.98 |
|
Euro |
1 |
INR 81.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
SUD |
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.