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MIRA INFORM REPORT
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Report No. : |
491473 |
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Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
OPTIMUS DRUGS PRIVATE LIMITED [w.e.f. 10.01.2009] |
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Formerly Known
As : |
SURYA KIRAN LABS PRIVATE LIMITED |
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Registered
Office : |
H.No.4-7-101, Scientist Colony, Nacharam, Hyderabad – 500007,
Telangana |
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Tel. No.: |
91-40-40069400 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
02.12.2003 |
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Com. Reg. No.: |
36-042155 |
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Capital
Investment / Paid-up Capital : |
INR 76.928 Million |
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CIN No.: [Company Identification
No.] |
U24239TG2003PTC042155 |
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IEC No.: |
0908003404 |
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GSTIN No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAHCS8074N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company carrying on the business to manufacturer and generally deal in all
types of chemicals, pharmaceuticals, drugs and intermediaries and to carry on
the business of consulting engineers in chemicals, pharmaceuticals, and drug
industries. [Registered Activity] |
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|
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Maximum Credit Limit : |
USD 1267000 |
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Status : |
Satisfactory |
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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 2003 and it is a manufacturer of chemicals, pharmaceuticals drugs and intermediaries. Management has failed to file its latest financials with Government Registry. As per the financials of March 2016, the subject has reported a growth of 72.04% in its revenue as compared to its previous year’s revenue and maintained a fair profit margin of 4.23% under review. Rating also takes into consideration 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 good earnings per share of INR 15.86 against its face value of INR 10. Payments seems to be usually correct. In view of the 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 (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
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 12.02.2018.
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.
LOCATIONS
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Registered Office/ Factory 1 : |
H.No.4-7-101, Scientist Colony, Nacharam, Hyderabad – 500007,
Telangana, India |
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Tel. No.: |
91-40-27174651 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office 1 / Administrative Office : |
1-2-11/1, Above SBI Bank,
Street No. 2, Kakatiya Nagar, Habsiguda, Hyderabad - 500007, Telangana, India |
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Tel. No.: |
91-40-40069400 |
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Fax No.: |
91-40-40069401 |
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E-Mail.: |
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Website : |
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Location : |
Owned |
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Corporate Office
2: |
E# 6P, 2nd Floor, Singature Towers, Kothagud Kondpur, Hyderabad - 500084, Telangana, India |
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Factory 2 : |
Survey No. 239 and 240, Dothigudem (V), Pochampally (M), Nalgonda
(District) - 508284, Telangana,
India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Srinivas Reddy Desi Reddy |
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Designation : |
Managing Director |
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Address : |
H No. 9-119, Flat No. 6, Himayat Nagar, Nacharam, Hyderabad – 500076,
Telangana, India |
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Date of Birth/Age : |
19.01.1973 |
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Date of Appointment : |
01.04.2017 |
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PAN No.: |
AFLPB9675G |
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DIN No.: |
01819852 |
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Other Directorship:
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Name : |
Mr. Triveni Desireddy |
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Designation : |
Director |
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Address : |
H No. 9-119, Street No. 1, Himayat Nagar, Nahcaram, Hyderabad – 500076, Telangana, India |
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Date of Appointment : |
17.01.2017 |
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DIN No.: |
02488436 |
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Other
Directorship:
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KEY EXECUTIVES
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Name : |
Ms. Preeti Sharma |
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Designation : |
Company Secretary |
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Address : |
101, Aryamitra Blue Bells, Road No.1, Alkapoor Township, Manikonda Hyderabad – 500089, Telangana, India |
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Date of Appointment : |
01.03.2017 |
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PAN No.: |
FMHPS4766K |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
Note: [SHAREHOLDERS DETAILS FILE ATTACHED]
AS ON 30.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
71.91 |
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Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
28.09 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company carrying on the business to manufacturer and generally deal in all types
of chemicals, pharmaceuticals, drugs and intermediaries and to carry on the
business of consulting engineers in chemicals, pharmaceuticals, and drug
industries. [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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Financial Institution: |
Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai – 400710, Maharashtra, India |
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Auditors : |
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Name : |
S. Kasthuri Rengan and Company Chartered Accountants |
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Address : |
Flat No. 909 A, 9th Floor, Raghava Ratna Towers, Chirag Ali Lane,
ABIDS, Hyderabad – 500001, Telangana, India |
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PAN No.: |
ABVFS0052L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other Related
Parties: [Other Related
Parties] |
[CIN NO.; U24233TG2012PTC079927]
[CIN NO.: U24239AP2004PTC044232] |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7692750 |
Equity Shares |
INR 10/- each |
INR 76.928 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
76.928 |
70.640 |
58.917 |
|
(b) Reserves and Surplus |
366.638 |
210.362 |
118.173 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
443.566 |
281.002 |
177.090 |
|
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
70.686 |
86.541 |
125.173 |
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(b) Deferred tax liabilities (Net) |
7.677 |
13.186 |
9.659 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
25.119 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
78.363 |
99.727 |
159.951 |
|
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(4)
Current Liabilities |
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|
(a) Short-term
borrowings |
116.386 |
83.168 |
56.358 |
|
(b) Trade
payables |
565.793 |
390.766 |
230.211 |
|
(c) Other current
liabilities |
77.344 |
67.227 |
30.213 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
759.523 |
541.161 |
316.782 |
|
|
|
|
|
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TOTAL |
1281.452 |
921.890 |
653.823 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
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|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
372.645 |
263.582 |
228.341 |
|
(ii)
Intangible Assets |
0.000 |
0.245 |
0.552 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
3.202 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
375.847 |
263.827 |
228.893 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
152.558 |
60.570 |
54.132 |
|
(c) Trade receivables |
322.993 |
494.258 |
280.615 |
|
(d) Cash and
bank balances |
254.974 |
22.640 |
7.011 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
83.172 |
|
(f) Other
current assets |
175.080 |
80.595 |
0.000 |
|
Total
Current Assets |
905.605 |
658.063 |
424.930 |
|
|
|
|
|
|
TOTAL |
1281.452 |
921.890 |
653.823 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2651.244 |
1541.081 |
1085.003 |
|
|
Other Income |
5.413 |
6.037 |
0.707 |
|
|
TOTAL |
2656.657 |
1547.118 |
1085.710 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2255.449 |
1257.208 |
931.802 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(97.525) |
(0.812) |
5.284 |
|
|
Employee benefit expense |
136.465 |
98.639 |
42.784 |
|
|
Other expenses |
173.718 |
88.111 |
33.240 |
|
|
TOTAL |
2468.107 |
1443.146 |
1013.110 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
188.550 |
103.972 |
72.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
27.298 |
16.643 |
12.877 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
161.252 |
87.329 |
59.723 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
25.112 |
20.868 |
14.757 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
136.140 |
66.461 |
44.966 |
|
|
|
|
|
|
|
Less |
TAX |
23.879 |
21.162 |
15.062 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
112.261 |
45.299 |
29.904 |
|
|
|
|
|
|
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|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1894.359 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
1894.359 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
995.807 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
995.807 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
15.86 |
7.24 |
5.07 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
343.374 |
25.883 |
29.958 |
|
Net cash flows from (used in) operating activities |
319.494 |
8.247 |
18.612 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
44.47 |
117.06 |
94.40 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
8.21 |
3.12 |
3.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
91.56 |
113.45 |
90.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.24 |
1.72 |
1.34 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.51 |
0.39 |
0.32 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.65 |
0.68 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.42 |
0.60 |
1.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.71 |
1.93 |
1.79 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.84 |
0.94 |
1.29 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.91 |
6.25 |
5.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
4.23 |
2.94 |
2.76 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.76 |
4.91 |
4.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
25.31 |
16.12 |
16.89 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.19 |
1.22 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.99 |
1.10 |
1.17 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.35 |
0.30 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.43 |
2.40 |
3.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.19 |
1.22 |
1.34 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
58.917 |
70.640 |
76.928 |
|
Reserves & Surplus |
118.173 |
210.362 |
366.638 |
|
Net
worth |
177.090 |
281.002 |
443.566 |
|
|
|
|
|
|
Long Term borrowings |
125.173 |
86.541 |
70.686 |
|
Short Term borrowings |
56.358 |
83.168 |
116.386 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
181.531 |
169.709 |
187.072 |
|
Debt/Equity
ratio |
1.025 |
0.604 |
0.422 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1085.003 |
1541.081 |
2651.244 |
|
|
|
42.035 |
72.038 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1085.003 |
1541.081 |
2651.244 |
|
Profit |
29.904 |
45.299 |
112.261 |
|
|
2.76% |
2.94% |
4.23% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
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 |
No |
|
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 |
STATEMENT REGARDING THE
STATE OF AFFAIRS OF THE COMPANY: [As On 31.03.2016]
The Company has been incorporated with the Main objective of carrying on the business to of manufacture, buy, sell, import, export and generally deal in all types of chemicals, pharmaceuticals, drugs and intermediaries and to carry on the business of consulting engineers in chemicals, pharmaceuticals, and drug industries. During the year, there have been no significant event occur during the period which affect the financial position of the Company. The Company has earned a profit of INR 112.261 million over the previous year revenue of INR 45.199 million. The affairs of the Company are conducted in accordance with the accepted business practices and within the purview of the applicable legislations.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from related
parties |
17.418 |
23.517 |
|
Total |
17.418 |
23.517 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G68543131 |
100137188 |
HDFC BANK LIMITED |
16/09/2017 |
- |
- |
250000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
2 |
G33282005 |
10577123 |
ICICI BANK LIMITED |
25/06/2015 |
27/10/2016 |
- |
230000000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE, OLD PADRA ROAD, VADODARA – 390007, GUJARAT, INDIA |
|
3 |
G35135227 |
10461563 |
AXIS BANK LIMITED |
08/11/2013 |
31/12/2016 |
- |
307200000.0 |
1 ST FLOOR,G.PULLAREDDY BUILDING6-3-879/B,GREEN LANDS, BEGUMPET, HYDERABAD – 500016, TELANGANA, INDIA |
|
4 |
G53420881 |
10604214 |
RELIANCE CAPITAL LIMITED |
30/10/2015 |
- |
19/09/2017 |
6972000.0 |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE NAVI MUMBAI – 400710, MAHARASHTRA, INDIA |
|
5 |
G53220562 |
10542994 |
RELIANCE CAPITAL LIMITED |
31/12/2014 |
- |
22/08/2017 |
11010552.0 |
"H" BLOCK 1ST FLOORD, HIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI – 400710, MAHARASHTRA, INDIA |
|
6 |
C66818253 |
10314834 |
STANDARD CHARTERED BANK |
12/10/2011 |
19/10/2012 |
09/10/2015 |
115000000.0 |
DOOR NO. 8-2-293/82/A/646A, GR FLOOR, ADITYARAM SQUARE, ROAD NO. 36, JUBILEE HILLS, HYDERABAD – 500003, TELANGANA, INDIA |
|
7 |
C66818170 |
10305668 |
STANDARD CHARTERED BANK |
15/07/2011 |
25/01/2014 |
09/10/2015 |
115000000.0 |
DOOR NO.8-2-293/82/A/646A,GR FLOOR, ADITYARAM SQUARE, ROAD NO. 36, JUBILEE HILLS, HYDERABAD – 500003, TELANGANA, INDIA |
|
8 |
B92152594 |
10027065 |
SMALL INDUSTRIES DEVELOPEMENT BANK OF INDIA |
24/11/2006 |
29/04/2013 |
16/12/2013 |
68005000.0 |
101 IST FLOOR HERMITAGE COMPLEX, SAIFABAD, HYDERABAD – 500004, TELANGANA, INDIA |
FIXED ASSETS:
Tangible Assets
· Factory Land
· Factory Building
· Pollution Control Plant
· Lab Equipment
· Plant and Machinery
· Furniture and Fixtures
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 64.37 |
|
|
1 |
INR 78.89 |
|
Euro |
1 |
INR 89.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
GEET |
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.