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|
|
MIRA INFORM REPORT
|
Report No. : |
489863 |
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Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAJASTHAN ANTIBIOTICS LIMITED (w.e.f. 07.03.1989) |
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|
|
|
Formerly Known
As : |
CEPHAM MEDICAL LIMITED CEPHAM MEDICAL LEASING LIMITED |
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Registered
Office : |
M 134, 2nd Floor, Connaught Place, Opposite Super Bazar,
New Delhi - 110001 |
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Tel. No.: |
91-11-47666111 |
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|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2017 |
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|
|
Date of
Incorporation : |
17.03.1986 |
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|
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Com. Reg. No.: |
55-023616 |
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Capital
Investment / Paid-up Capital : |
INR 52.758 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231DL1986PLC023616 |
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IEC No.: |
0590000306 |
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACR0925L |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of manufacturing of sterile APIs. [Registered Activity] |
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No. of Employees
: |
Information denied 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 |
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Maximum Credit Limit : |
USD 1804000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1986 and it is engaged in
manufacturing of sterile APIs. As per the financial of March 2017, the company has registered growth
of 62.51% in its revenue as compared to previous year’s revenue and has
reported fair profit margin of 4.57% under review. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base along with comfortable
debt coverage indicators and decent liquidity position. Further, the company has reported earnings per share of INR 13.28
against its face value of INR 10. However, rating is partially offset by its exposure to intense
competition in the active pharmaceutical ingredient (API) industry, and
exposure to risks related to licensing requirement and high degree of
regulation in export markets. Payments seem to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
CRISIL |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
30.11.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
30.11.2017 |
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
31-03-2016.
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 08.02.2018.
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. Sanjeev Mittal |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-11-47666111 |
|
Date : |
07.02.2018 |
LOCATIONS
|
Registered Office : |
M - 134, 2nd Floor, Connaught Place, Opposite Super Bazar, New
Delhi – 110001, India |
|
Tel. No.: |
91-11-47666111 |
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Fax No.: |
91-11-43561743 |
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E-Mail : |
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Website : |
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Corporate Office : |
M - 39, Connaught Circus, New Delhi – 110001, India |
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Factory : |
Plot A - 619 and 630, RIICO Industrial Area, District Alwar, Bhiwadi –
301019, Rajasthan, India |
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Tel No.: |
91-1493-222278/512378/512095 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ashish Pruthi |
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Designation : |
Managing director |
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Address : |
M - 255, Greater Kailash Part - II, Delhi - 110048, India |
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Date of Birth/Age : |
19.08.1976 |
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Date of Appointment : |
01.04.2010 |
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PAN No.: |
AMIPP4490P |
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DIN No.: |
01182469 |
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Other Directorship:
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Name : |
Mrs. Sushma Pruthi |
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Designation : |
Director |
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Address : |
M - 255, Greater Kailash, Delhi, - 110048, India |
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Date of Birth/Age : |
09.09.1945 |
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Date of Appointment : |
22.06.2015 |
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PAN No.: |
AJDPP3632P |
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DIN No.: |
00438457 |
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Other Directorship:
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Name : |
Mr. Rakesh Kumar Girdhar |
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Designation : |
Director |
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Address : |
D 15/4, First Floor, Ardee City, Gurgaon - 122003, Haryana, India |
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Date of Birth/Age : |
30.11.1962 |
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Date of Appointment : |
01.11.2008 |
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PAN No.: |
AHKPG4039N |
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DIN No.: |
02380490 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Mittal |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Arviv Lifescience Private Limited, India |
|
1344684 |
|
Ashish Pruthi |
|
900 |
|
Radhika Pruthi |
|
500 |
|
Manvia Heath Private Limited, India
|
|
1343184 |
|
Barfani Baba Pharma Private Limited, India |
|
2583397 |
|
Ashish Pruthi and Sons (HUF) |
|
100 |
|
Meera Pruthi |
|
3000 |
|
Total |
|
5275765 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
0.02 |
|
Promoters - Bodies corporate |
99.91 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
0.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing of sterile APIs. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
J P Chawla and Company LLP Chartered Accountants |
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Address : |
43, Backlane Daryaganj, New Delhi-110002, India |
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PAN No.: |
AAAFJ2213J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Companies : |
CIN No.: U52100DL2009PTC194061
CIN No.: U52300DL2009PTC189964 |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
600000 |
Preference Shares |
INR 100/- each |
INR 60.000 Million |
|
|
Total |
|
INR 120.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5275765 |
Equity Shares |
INR 10/- each |
INR 52.758 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
52.758 |
52.758 |
52.758 |
|
(b) Reserves and Surplus |
578.596 |
471.484 |
428.584 |
|
(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) |
631.354 |
524.242 |
481.342 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
121.390 |
74.264 |
57.234 |
|
(b) Deferred tax liabilities (Net) |
56.646 |
28.605 |
17.983 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
11.019 |
7.902 |
5.372 |
|
Total Non-current
Liabilities (3) |
189.055 |
110.771 |
80.589 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
384.301 |
334.485 |
184.810 |
|
(b) Trade payables |
83.963 |
36.082 |
21.805 |
|
(c) Other
current liabilities |
61.014 |
44.123 |
61.674 |
|
(d) Short-term
provisions |
11.388 |
15.392 |
7.639 |
|
Total Current
Liabilities (4) |
540.666 |
430.082 |
275.928 |
|
|
|
|
|
|
TOTAL |
1361.075 |
1065.095 |
837.859 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
463.471 |
238.475 |
266.598 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
0.000 |
1.907 |
70.988 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
14.911 |
8.968 |
18.307 |
|
(e) Other
Non-current assets |
134.714 |
139.276 |
53.137 |
|
Total Non-Current
Assets |
613.096 |
388.626 |
409.030 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
2.499 |
|
(b)
Inventories |
167.374 |
218.060 |
98.005 |
|
(c) Trade
receivables |
394.743 |
342.482 |
241.014 |
|
(d) Cash and
bank balances |
24.466 |
20.166 |
40.438 |
|
(e)
Short-term loans and advances |
105.109 |
60.510 |
46.873 |
|
(f) Other current
assets |
56.287 |
35.251 |
0.000 |
|
Total
Current Assets |
747.979 |
676.469 |
428.829 |
|
|
|
|
|
|
TOTAL |
1361.075 |
1065.095 |
837.859 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1534.356 |
944.135 |
1079.119 |
|
|
Other Income |
31.788 |
140.185 |
72.262 |
|
|
TOTAL |
1566.144 |
1084.320 |
1151.381 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1008.860 |
585.611 |
669.759 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
16.688 |
18.396 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
41.357 |
(98.005) |
9.124 |
|
|
Employee benefit expense |
40.681 |
44.470 |
45.520 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
171.857 |
0.000 |
0.000 |
|
|
Prior period items before tax |
0.127 |
0.217 |
0.012 |
|
|
Other expenses |
107.806 |
408.574 |
289.795 |
|
|
TOTAL |
1370.688 |
957.555 |
1032.606 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
195.456 |
126.765 |
118.775 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
50.586 |
40.574 |
35.490 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
144.870 |
86.191 |
83.285 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
13.816 |
18.963 |
16.867 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
131.054 |
67.228 |
66.418 |
|
|
|
|
|
|
|
Less |
TAX |
60.977 |
24.328 |
17.298 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
70.077 |
42.900 |
49.120 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
522.324 |
338.975 |
352.954 |
|
|
TOTAL EARNINGS |
522.324 |
338.975 |
352.954 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13.28 |
8.13 |
9.31 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
46.924 |
19.893 |
30.064 |
|
Net cash flows from (used in) operations |
215.367 |
(94.904) |
223.318 |
|
Net cash flows from (used in) operating activities |
176.347 |
(100.732) |
207.433 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
93.90 |
132.40 |
81.52 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sunday
Debtors) |
3.89 |
2.76 |
4.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
30.38 |
21.87 |
11.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.17 |
0.58 |
1.21 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.42 |
0.53 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.52 |
0.49 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.88 |
0.82 |
0.57 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.86 |
0.82 |
0.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.73 |
0.46 |
0.70 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.86 |
3.12 |
3.35 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
4.57 |
4.54 |
4.55 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.15 |
4.03 |
5.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.10 |
8.18 |
10.20 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.38 |
1.57 |
1.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.07 |
1.07 |
1.20 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.46 |
0.49 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.47 |
8.12 |
5.16 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.38 |
1.57 |
1.55 |
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 |
52.758 |
52.758 |
52.758 |
|
Reserves & Surplus |
428.584 |
471.484 |
578.596 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
481.342 |
524.242 |
631.354 |
|
|
|
|
|
|
Long-term borrowings |
57.234 |
74.264 |
121.390 |
|
Short term borrowings |
184.810 |
334.485 |
384.301 |
|
Current maturities of
long-term debts |
30.064 |
19.893 |
46.924 |
|
Total
borrowings |
272.108 |
428.642 |
552.615 |
|
Debt/Equity
ratio |
0.565 |
0.818 |
0.875 |
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 |
1079.119 |
944.135 |
1534.356 |
|
|
|
(12.509) |
62.514 |
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 |
1079.119 |
944.135 |
1534.356 |
|
Profit/ (Loss) |
49.120 |
42.900 |
70.077 |
|
|
4.55% |
4.54% |
4.57% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
COMPANIES BACKGROUND
The company is a limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in Manufacturing of Bulk Drugs and Manufacturing cum trading of Herbal Products.
STATE OF COMPANY'S
AFFAIR
The company is engaged in the business of manufacturing of sterile APIs. The highlights of the company's performance are as under:
During the year the Company has achieved revenue from operations of INR 1566.144 million as compared to the revenue of INR 1084.320 million in the immediately preceding financial year.
The Company has earned the net profit of INR 70.077 million after providing depreciation and tax as compared to the net profit of INR 42.900 million in the immediately preceding financial year.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
19.702 |
0.000 |
|
Other loans and advances |
0.000 |
39.612 |
|
Total |
19.702 |
39.612 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G28191500 |
100063530 |
Allahabad Bank |
24/10/2016 |
- |
- |
20000000.0 |
Parliament Street Branch,17, Parliament Street, New Delhi-110001, India |
|
2 |
G01531144 |
100019892 |
STATE BANK OF BIKANER & JAIPUR |
23/03/2016 |
- |
- |
80000000.0 |
101-102, New Delhi House, 27, Barakhamba Road, New Delhi-110001, India |
|
3 |
C44749190 |
10551487 |
Allahabad Bank |
02/02/2015 |
- |
- |
58000000.0 |
Parliament Street Branch,17, Parliament Street, New Delhi-110001, India |
|
4 |
C41378019 |
10544932 |
STATE BANK OF BIKANER & JAIPUR |
31/12/2014 |
- |
- |
2000000.0 |
101-102, New Delhi House, 27, Barakhamba Road, New Delhi-110001, India |
|
5 |
B70245279 |
10410254 |
State Bank of Bikaner & Jaipur |
14/02/2013 |
- |
- |
1410000.0 |
16/67-68, Faiz Road, Karol Bagh, New Delhi-110005, India |
|
6 |
B59481838 |
10379988 |
State Bank of Bikaner & Jaipur |
13/09/2012 |
- |
- |
2242000.0 |
16/67-68, Faiz Road, Karol Bagh, New Delhi-110005, India |
|
7 |
G39789367 |
10174483 |
State Bank of Bikaner and Jaipur |
21/07/2009 |
27/03/2017 |
- |
782500000.0 |
101-102, New Delhi House, 27, Barakhamba Road, New Delhi-110001, India |
|
8 |
C13823406 |
10197763 |
STATE BANK OF BIKANER AND JAIPUR |
04/01/2010 |
- |
16/07/2014 |
1300000.0 |
16/67-68, Faiz Road, Karol Bagh, New Delhi-110005, India |
|
9 |
B79882486 |
10288095 |
State Bank of Hyderabad |
05/05/2011 |
- |
20/07/2013 |
70000000.0 |
Flat No. 110, Suryakiran Building19 KG MargNew DelhiDL110001IN |
|
10 |
A68344928 |
80023275 |
STATE BANK OF PATIALA |
20/12/1990 |
- |
20/08/2009 |
3900000.0 |
2nd Floor, Chandralok Building 36, Janpath, New Delhi-110001, India |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Computer
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 64.14 |
|
|
1 |
INR 89.50 |
|
Euro |
1 |
INR 79.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PON |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
BHG |
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.