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|
MIRA INFORM REPORT
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Report No. : |
483684 |
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Report Date : |
05.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
FRESENIUS KABI INDIA PRIVATE LIMITED |
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Registered
Office : |
A-3, MIDC, Ranjangaon Ganpati, Taluka Shirur, Ranjangaon, District
Pune - 412220, Maharashtra |
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Tel. No.: |
91-20-26634701 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
02.02.1995 |
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Com. Reg. No.: |
11-014017 |
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Capital
Investment / Paid-up Capital : |
INR 3421.739 Million |
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CIN No.: [Company Identification
No.] |
U24231PN1995PTC014017 |
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IEC No.: |
Not Divulged |
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACF2614E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged primarily in production of intravenous fluids and trading of intravenous fluids, medical devices and oncology drugs (Registered Activity) |
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No. of Employees
: |
20 (Approximately) (As per site visit) |
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 13997000 |
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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 is a subsidiary of “Fresenius Kabi AG, Germany” and was incorporated in the year 1995. It is an established company having fine track. The company has sound financial base, strong capital structure along with decent reserves position and negligible debt balance sheet. Rating takes into consideration strong managerial and financial support received to the company from its holding entity. Rating also takes into account of well-established track record of business operations along improving revenue profile and market position. However, rating strength is partially offset due to losses incurred by the company from last 2 years of its business operations. Trade relations are reported as fair. Business is active. Payments are regular. The company can be considered for business dealings at usual trade terms and condition. NOTE: Site visit was conducted at address which you have provided. Our executive has successfully traced the company. At the premises our executive met to Mr. Sachin Bondhe (Receptionist) and he provided us contact number i.e. 022-66810200. As per our executive observation, location of the company is easy to find. Landmark is near Hyatt Hotel. It is 6 storey building and company is situated on 5th floor. Locality appears to be commercial. Area seems to be upmarket. Area of the premises was 5000 (square foot. approximately) and 20 employees were sighted into premises. Name board of the company was sighted at the given address. Further, our executive also enquired from neighbours i.e. Mr. Kishore Raje (Domino’s Pizza on ground floor) and (Digitise on 3rd floor) and they were also confirmed that firm exists on given address. |
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 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 05.01.2018
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. Gajanan Pampatwar |
|
Designation : |
Group Product Manager |
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|
|
|
Name : |
Mr. Mayur |
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Designation : |
HR Department |
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Contact No.: |
91-20-26634701 |
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Date : |
04.01.2018 |
LOCATIONS
|
Registered Office / Plant I: |
A-3, MIDC, Ranjangaon Ganpati, Taluka Shirur, Ranjangaon, District
Pune - 412220, Maharashtra |
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Tel. No.: |
91-2138-232283-4-5 |
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Fax No.: |
91- 2138-232282 |
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E-Mail : |
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Website : |
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Corporate Office : |
Fifth Floor, A-Wing, Ashoka Plaza, Pune-Nagar Road, Survey No. 32/2,
Vadgaon Sheri, Viman Nagar, Pune – 411014, Maharashtra, India |
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Tel. No.: |
91-20-26634701 to 707 |
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Fax No.: |
91-20-26634710 |
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E-Mail : |
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Area : |
5000 square foot (Approximately) (As per site visit) |
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Locality : |
Commercial (As per site visit) |
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Plant II : |
Plot No.1, Phase III, Honda Industrial Estate, Honda - Sattari, Goa - 403 530, India |
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Tel. No.: |
91-832-6733600 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sanjay Kumar Gupta |
|
Designation : |
Managing Director |
|
Address : |
202, Auriga Zircon Apartment, Viman Nagar, Pune-411014, Maharashtra, India |
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Date of Birth/Age : |
21.05.1964 |
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Date of Appointment : |
10.07.2009 |
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PAN No.: |
AAHPG4706C |
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DIN No.: |
02295921 |
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Name : |
Mr. Kaushal Devendra Gupta |
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Designation : |
Whole-Time Director |
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Address : |
Flat No. Cello/404, Nyati Windchimes Sr. No. 22/3/1, Undri, Pune - 411028, Maharashtra, India |
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Date of Birth/Age : |
20.12.1975 |
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Date of Appointment : |
25.09.2014 |
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PAN No.: |
ABBPG6502F |
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DIN No.: |
03267300 |
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Name : |
Mr. Satish Bapusaheb Kulkarni |
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Designation : |
Director |
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Address : |
Flat- Cd, Floor 30, Tower- 4, Hoi Wan Court, South Horizons, Ap Lei Chau Na Hong Kong |
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Date of Birth/Age : |
03.12.1965 |
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Date of Appointment : |
20.10.2011 |
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PAN No.: |
ABIPK6400D |
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DIN No.: |
00309263 |
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Name : |
Alois Mayer |
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Designation : |
Director |
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Address : |
Flat B 28/F, Kennedy Park, At Central, 4 Kennedy Road, Hong Kong 852 |
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Date of Birth/Age : |
15.03.1965 |
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Date of Appointment : |
28.09.2015 |
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DIN No.: |
07299228 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh Narayan Pingle |
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Designation : |
Company Secretary |
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Address : |
701, Tara Manke, Opposite Laxmi Narayan Temple Near Court Naka, Jambli Naka, Thane 400601, Maharashtra, India |
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Date of Appointment : |
13.03.2015 |
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PAN No.: |
ALWPP4774B |
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Name : |
Mr. Gajanan Pampatwar |
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Designation : |
Group Product Manager |
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Name : |
Mr. Mayur |
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Designation : |
HR Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Fresenius Kabi AG, Germany |
287804304 |
84.11 |
|
Fresenius Kabi Deutschland GmbH, Germany |
54369575 |
15.89 |
|
Total |
342173879 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged primarily in production of intravenous fluids and trading of intravenous fluids, medical devices and oncology drugs (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 : |
20 (Approximately) (As per site visit) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
B S R and Associates LLP Chartered Accountants |
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Address : |
7th, 8th Floor, Business Plaza, Westin Hotel Campus, 36/3-B, Koregaon Park Annex, Mundhwa Road, Ghorpadi, Pune- 411001, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Fresenius Kabi AG, Germany |
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Ultimate Holding
Company : |
Fresenius SE and Co. KGaA |
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Fellow Subsidiaries
: |
· Fresenius Kabi Asia Pacific Limited · Fresenius Kabi Deutschland GmbH · Fresenius Netcare GmbH · Fresenius Kabi Austria GmbH · Fresenius Kabi AB Sweden · Hygieneplan GmbH · Fenwal India Private Limited · Fresenius Kabi Oncology Limited · PT. EthicaIndustri Farmasi · Fresenius Kabi Philippines Inc. · Fresenius Kabi Brazil Limited · Fresenius Hemocare GmbH · Fresenius Kabi (Singapore) Limited · Fresenius Kabi Taiwan Limited · Fresenius Kabi (Guangzhou) Co. Limited · Fresenius Kabi Norge AS · Fresenius Kabi Australia Pty Limited |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000000 |
Equity Shares |
INR 10/- each |
INR 4000.000 Million |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
342173879 |
Equity Shares |
INR 10/- each |
INR 3421.739 Million |
|
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|
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 |
3421.739 |
2399.131 |
2399.131 |
|
(b) Reserves and Surplus |
1477.117 |
453.378 |
753.867 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
4898.856 |
2852.509 |
3152.998 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.874 |
1031.667 |
1117.239 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
32.994 |
27.999 |
26.669 |
|
(d) long-term
provisions |
112.029 |
103.833 |
76.390 |
|
Total Non-current
Liabilities (3) |
147.897 |
1163.499 |
1220.298 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
237.126 |
715.396 |
307.513 |
|
(b) Trade
payables |
1161.646 |
1524.727 |
789.335 |
|
(c) Other
current liabilities |
166.363 |
300.696 |
197.315 |
|
(d) Short-term
provisions |
32.892 |
30.125 |
26.788 |
|
Total Current
Liabilities (4) |
1598.027 |
2570.944 |
1320.951 |
|
|
|
|
|
|
TOTAL |
6644.780 |
6586.952 |
5694.247 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3065.738 |
3062.987 |
2851.285 |
|
(ii)
Intangible Assets |
445.522 |
519.548 |
592.523 |
|
(iii) Tangible assets capital
work-in-progress |
139.109 |
193.079 |
195.207 |
|
(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 |
109.560 |
99.234 |
94.661 |
|
(e) Other
Non-current assets |
9.171 |
8.477 |
7.245 |
|
Total Non-Current
Assets |
3769.100 |
3883.325 |
3740.921 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1532.944 |
1634.791 |
1035.100 |
|
(c) Trade
receivables |
1158.700 |
921.269 |
792.922 |
|
(d) Cash and bank
balances |
22.671 |
16.334 |
21.572 |
|
(e)
Short-term loans and advances |
152.542 |
124.608 |
100.067 |
|
(f) Other current
assets |
8.823 |
6.625 |
3.665 |
|
Total
Current Assets |
2875.680 |
2703.627 |
1953.326 |
|
|
|
|
|
|
TOTAL |
6644.780 |
6586.952 |
5694.247 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
5968.480 |
4858.014 |
4884.861 |
|
|
Other Income |
64.331 |
5.614 |
26.552 |
|
|
TOTAL |
6032.811 |
4863.628 |
4911.413 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
988.612 |
810.610 |
903.980 |
|
|
Purchases of
Stock-in-Trade |
2330.364 |
2211.432 |
1974.188 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.350) |
(418.760) |
59.510 |
|
|
Employee benefit expense |
765.176 |
710.051 |
685.412 |
|
|
Other expenses |
1693.402 |
1356.961 |
1384.253 |
|
|
TOTAL |
5768.204 |
4670.294 |
5007.343 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
264.607 |
193.334 |
(95.930) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
149.545 |
160.170 |
245.214 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
115.062 |
33.164 |
(341.144) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
423.078 |
337.281 |
362.875 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(308.016) |
(304.117) |
(704.019) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(308.016) |
(304.117) |
(704.019) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.90) |
(1.27) |
(2.93) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(405.269) |
160.352 |
(597.891) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
70.86 |
69.22 |
59.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.15 |
5.27 |
6.16 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
127.75 |
184.16 |
100.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.17 |
0.12 |
(0.09) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.07 |
0.05 |
(0.03) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.24 |
0.55 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.05 |
0.61 |
0.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.33 |
0.90 |
0.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.75 |
1.32 |
1.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.77 |
1.21 |
(0.39) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(5.16) |
(6.26) |
(14.41) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(4.64) |
(4.62) |
(12.36) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(6.29) |
(10.66) |
(22.33) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.80 |
1.05 |
1.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.84 |
0.42 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.74 |
0.43 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.07 |
0.73 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.80 |
1.05 |
1.48 |
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 |
2399.131 |
2399.131 |
3421.739 |
|
Reserves & Surplus |
753.867 |
453.378 |
1477.117 |
|
Net
worth |
3152.998 |
2852.509 |
4898.856 |
|
|
|
|
|
|
long-term borrowings |
1117.239 |
1031.667 |
2.874 |
|
Short term borrowings |
307.513 |
715.396 |
237.126 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1424.752 |
1747.063 |
240.000 |
|
Debt/Equity
ratio |
0.452 |
0.612 |
0.049 |
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 |
4884.861 |
4858.014 |
5968.480 |
|
|
|
(0.550) |
22.858 |
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 |
4884.861 |
4858.014 |
5968.480 |
|
Profit/ (Loss) |
(704.019) |
(304.117) |
(308.016) |
|
(14.41
%) |
(6.26
%) |
(5.16
%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Buyer visit details |
Yes |
|
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 (As per site visit) |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
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 |
No |
|
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 |
|
OBSERVATION
POINTS |
|
Name of Company : |
FRESENIUS KABI INDIA PRIVATE LIMITED |
|
|
|
|
Address : |
Fifth Floor, A-Wing, Ashoka Plaza, Pune-Nagar Road, Survey No. 32/2, Vadgaon Sheri, Viman Nagar, Pune – 411014, Maharashtra, India |
|
|
|
|
Tel No.: |
91-20-66810200 |
|
|
|
|
Website : |
|
|
|
|
|
Person to whom we met: |
Mr. Sachin Bondhe |
|
|
|
|
Designation : |
Receptionist |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Hyatt Hotel Left Side |
|
|
|
|
Total Floors of the building: |
6 |
|
|
|
|
Subject situated at : |
5th floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of Premises : |
5000 Square foot (Approximately) |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of Employees
seen at Premises : |
20 |
|
|
|
|
Visibility of
Items: |
· Telephone · Fax Machine · Computers · Air Conditioner · Office Equipment · Xerox Machine |
|
|
|
|
Furniture Items
Sighted : |
Yes |
|
|
|
|
Neighbor
Interview : |
Our executive also enquired from neighbours i.e. Mr. Kishore Raje (Domino’s Pizza on ground floor) and (Digitise on 3rd floor) and they were also confirmed that firm exists on given address. |
|
|
|
|
Proof of visit: |
Photographs |
NOTE: Registered office of the company has been shifted from Heritage House 6 E, Ramabai Ambedkar Road, Pune-411001, Maharashtra, India to the present address w.e.f. 01.07.2011
GENERAL INFORMATION
Fresenius AG established its business operations in India through a joint venture namely Fresenius Mafatlal Medicals Limited (FMML). In 1998, Fresenius Kabi AG acquired 100% equity interest in this joint venture and accordingly, it was renamed as Fresenius Kabi India Private Limited
The Company is engaged primarily in production of intravenous fluids and trading of intravenous fluids, medical devices and oncology drugs which is broadly classified under one business i.e. cateringto the healthcare segment. The Company has its production facilities at Ranjangaon-Pune and Goa.
FINANCIAL SUMMARY
The Gross Sales for the year is INR 6082.195 million whereas for the previous financial year it was INR 4959.225 million during the year the Company's total revenue has increased by 24% as compared to the previous year 2015-16. However the Company had to bear the burden of finance cost and depreciation leading to net loss for the year of INR 308.016 million
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
0.000 |
100.000 |
|
Deferred payment liabilities |
2.874 |
6.667 |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
215.101 |
709.925 |
|
Loans and advances from others |
14.000 |
0.000 |
|
Total |
231.975 |
816.592 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Y10171918 |
90086897 |
STATE BANK OF INDIA |
26/07/2004 |
- |
- |
17000000.0 |
INDUSTRIAL FINANCE BRANCH WAKDE WADI PUNE MAHARASHTRA 411003 INDIA |
|
2 |
Z01307427 |
80062948 |
STATE BANK OF INDIA |
09/05/1997 |
- |
- |
27000000.0 |
INDUSTRIAL FINANCE BRANCH WAKDE WADI PUNE MAHARASHTRA 411003 INDIA |
|
3 |
A66122185 |
90086259 |
DEUTSCHE BANK |
23/12/2002 |
- |
30/06/2009 |
110000000.0 |
HAZARIMAL SOMANI MARG FORT MUMBAI MAHARASHTRA 400001 INDIA |
|
4 |
A66121542 |
80051122 |
DEUTSCHE BANK |
11/10/1996 |
- |
30/06/2009 |
53000000.0 |
HAZARIMAL SOMANI MARG FORT MUMBAI MAHARASHTRA 400001 INDIA |
|
5 |
A54102058 |
90082726 |
STATE BANK OF INDIA |
31/03/2001 |
- |
18/12/2008 |
194000000.0 |
INDUSTRIAL FINANCE BRANCH WAKDE WADI PUNE MAHARASHTRA 411003 INDIA |
|
6 |
A28977031 |
90092178 |
ABN AMRO BANK N.V. |
26/05/2003 |
- |
03/12/2007 |
110000000.0 |
327; M.G. ROADPUNE CAMP PUNE MAHARASHTRA 411001 INDIA |
|
7 |
A28975977 |
90092707 |
ABN AMRO BANK N.V. |
26/05/2003 |
26/07/2004 |
03/12/2007 |
50000000.0 |
327; M.G. ROADPUNE CAMP PUNE MAHARASHTRA 411001 INDIA |
|
8 |
A03977899 |
90084537 |
DEUTSCHE BANK |
11/10/1996 |
31/10/2001 |
23/08/2006 |
190000000.0 |
HAZARIMAL SOMANI MARGFORTMUMBAIMH400001IN |
FIXED ASSETS
- Land
- Buildings
- Furniture and
Fixture
- Computer
- Plant and
Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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 63.39 |
|
UK Pound |
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·