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|
MIRA INFORM REPORT
|
Report No. : |
484649 |
|
Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEDILUX LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
201, B.C Chamber, 47-Jaora Compound, Indore – 452001, Madhya Pradesh |
|
Tel. No.: |
91-7292-409991 / 92 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2016 |
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|
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|
Date of
Incorporation : |
25.04.1985 |
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|
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|
Com. Reg. No.: |
10-002843 |
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Capital
Investment / Paid-up Capital : |
INR 55.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232MP1985PTC002843 |
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|
|
IEC No.: |
Not Divulged |
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GSTIN/UIN: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCM1739L |
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|
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|
Legal Form : |
Private Limited Liability Company. |
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|
Line of Business
: |
Subject is engaged in the business of manufacturing of
Drug Intermediate and 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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Medilux Laboratories Private Limited was incorporated in the year
1985. It is a manufacturing of drug intermediate and APIs. Management has failed to file its financials with Registrar of Companies
for the FY 2017. As per the available financial of 2016, the company has achieved
18.15% growth in its revenue as compared to previous year revenue and has
maintained average profit margin of 5.52% during the year under review. The satisfactory financial profile of the company is marked by
sufficient networth along with negligible debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. However, rating is constrained on account of absence of latest
financials. Business is active. Payments are reported to be usually correct. 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 (30.06.2017) |
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
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 06.01.2018
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
Management Non-Cooperative (91-7292-409991/92)
LOCATIONS
|
Registered Office : |
201, B.C Chamber, 47-Jaora Compound, Indore – 452001, Madhya Pradesh,
India |
|
Tel. No.: |
91-7292-409991 / 92/ 93 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
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Plant Office : |
Plot No. 98-99, Sector-1, Industrial Area, Pithampur – 454775, District Dhar, Madhya Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Deepak K. Kewalramani |
|
Designation : |
Managing Director |
|
Address : |
1005-1006, Stellar Tower, Lokhandwala Complex, Andheri West, Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
11.03.1967 |
|
Qualification: |
B.E. |
|
Date of Appointment : |
03.08.1990 |
|
DIN No.: |
00078144 |
|
|
|
|
Name : |
Sunil Permanand Kewalramani |
|
Designation : |
Director |
|
Address : |
2005/6,Stellar Tower, Lokhandwala Complex, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
08.08.1976 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
00272923 |
|
|
|
|
Name : |
Satish Matkar |
|
Designation : |
Director |
|
Address : |
202-Ch, Sector-C Vijay Nagar, Mig Indore – 452010, Madhya Pradesh, India |
|
Date of Birth/Age : |
09.09.1956 |
|
Qualification: |
M.SC |
|
Date of Appointment : |
01.05.2007 |
|
DIN No.: |
01495629 |
|
|
|
|
Name : |
Sanjay Kanhiyalal Kewalramani |
|
Designation : |
Director |
|
Address : |
1005-1006, Stellar Tower, Lokhandwala Complex, Andheri West, Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
26.10.1974 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
25.05.2011 |
|
DIN No.: |
02131685 |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Deepak Kewalramani |
|
165515 |
|
Modlite Holding Private Limited, India |
|
69855 |
|
Kavita Kewalramani |
|
5 |
|
Padma Kewalramani |
|
805 |
|
Jagdish Kewalramani |
|
37490 |
|
Rajeshwari Kewalramani |
|
75 |
|
Sunil Kewalramani |
|
19100 |
|
Kay Dee Holding Company Private Limited, India |
|
56000 |
|
Kewalramani Finance and Investment Private Limited, India |
|
57950 |
|
Manoj Kewalramani |
|
19375 |
|
Jyoti Kewalramani |
|
19275 |
|
Sanjay Kewalramani |
|
37490 |
|
Varkha Kewalramani |
|
50 |
|
Parmanand Kewalramani |
|
46375 |
|
Kanhaiyalal Kewalramani |
|
11400 |
|
Wadhuram Kewalramani |
|
8600 |
|
Pee Tee Trading Private Limited, India |
|
640 |
|
|
|
|
|
Total |
|
550000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
47.57 |
|
Promoters- Individual/Hindu Undivided Family - Non-resident Indian (NRI) |
18.90 |
|
Promoters- Body corporate |
33.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of
Drug Intermediate and 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 : |
(INR
In Million)
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|
Auditors : |
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|
Name : |
Mantri Ranjan and Associates Chartered Accountants |
|
Address : |
405-406, Manas Bhavan Extn., 11 R.N.T. Marg, Indore, Madhya Pradesh, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFG4586G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Associates: |
|
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,00,000 |
Equity Shares |
INR 100/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,50,000 |
Equity Shares |
INR 100/- each |
INR 55.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
55.000 |
55.000 |
55.000 |
|
(b) Reserves and Surplus |
185.478 |
148.682 |
129.148 |
|
(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) |
240.478 |
203.682 |
184.148 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
136.153 |
111.520 |
113.873 |
|
(b) Deferred tax liabilities (Net) |
24.327 |
26.633 |
21.872 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
11.413 |
8.743 |
7.549 |
|
Total Non-current
Liabilities (3) |
171.893 |
146.896 |
143.294 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
232.186 |
225.269 |
185.187 |
|
(b) Trade
payables |
188.463 |
146.521 |
149.578 |
|
(c) Other current
liabilities |
1.291 |
1.218 |
0.708 |
|
(d) Short-term
provisions |
36.362 |
26.331 |
24.914 |
|
Total Current
Liabilities (4) |
458.302 |
399.339 |
360.387 |
|
|
|
|
|
|
TOTAL |
870.673 |
749.917 |
687.829 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
383.349 |
295.388 |
295.199 |
|
(ii)
Intangible Assets |
1.523 |
2.527 |
4.057 |
|
(iii) Tangible assets
capital work-in-progress |
22.930 |
43.915 |
8.089 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.210 |
0.210 |
0.210 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
67.909 |
53.673 |
56.244 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
475.921 |
395.713 |
363.799 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
105.374 |
122.027 |
115.688 |
|
(c) Trade
receivables |
209.341 |
173.964 |
165.002 |
|
(d) Cash and
bank balances |
12.472 |
18.138 |
12.018 |
|
(e)
Short-term loans and advances |
67.565 |
40.075 |
31.322 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
394.752 |
354.204 |
324.030 |
|
|
|
|
|
|
TOTAL |
870.673 |
749.917 |
687.829 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
714.341 |
604.601 |
541.457 |
|
|
Other Income |
2.713 |
3.491 |
1.210 |
|
|
TOTAL |
717.054 |
608.092 |
542.667 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
301.219 |
282.147 |
289.737 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
14.743 |
8.866 |
(21.626) |
|
|
Employee benefit expense |
74.898 |
64.346 |
70.473 |
|
|
Other expenses |
216.388 |
172.934 |
127.457 |
|
|
TOTAL |
607.248 |
528.293 |
466.041 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
109.806 |
79.799 |
76.626 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.480 |
23.714 |
25.062 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
88.326 |
56.085 |
51.564 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.188 |
17.711 |
18.850 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
52.138 |
38.374 |
32.714 |
|
|
|
|
|
|
|
Less |
TAX |
12.694 |
13.328 |
11.125 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
39.444 |
25.046 |
21.589 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
323.218 |
396.082 |
|
|
TOTAL EARNINGS |
NA |
323.218 |
396.082 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
481.240 |
323.218 |
124.282 |
|
|
Capital Goods |
0.000 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
481.240 |
323.218 |
124.282 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
71.72 |
45.54 |
39.25 |
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 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
118.899 |
90.219 |
45.613 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
103.899 |
81.652 |
37.493 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
106.96 |
105.02 |
111.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.41 |
3.48 |
3.28 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
228.37 |
189.55 |
188.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.04 |
0.65 |
0.66 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.23 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.68 |
0.68 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.53 |
1.65 |
1.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.91 |
1.96 |
1.96 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.70 |
1.68 |
1.67 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.11 |
3.37 |
3.06 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.52 |
4.14 |
3.99 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.53 |
3.34 |
3.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.40 |
12.30 |
11.72 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.86 |
0.89 |
0.90 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.63 |
0.58 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.27 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.70 |
6.12 |
5.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.86 |
0.89 |
0.90 |
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 |
55.000 |
55.000 |
55.000 |
|
Reserves & Surplus |
129.148 |
148.682 |
185.478 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
184.148 |
203.682 |
240.478 |
|
|
|
|
|
|
Long-term borrowings |
113.873 |
111.520 |
136.153 |
|
Short term borrowings |
185.187 |
225.269 |
232.186 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
299.060 |
336.789 |
368.339 |
|
Debt/Equity
ratio |
1.624 |
1.654 |
1.532 |
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 |
541.457 |
604.601 |
714.341 |
|
|
|
11.662 |
18.151 |
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 |
541.457 |
604.601 |
714.341 |
|
Profit/ (Loss) |
21.589 |
25.046 |
39.444 |
|
|
3.99
% |
4.14
% |
5.52
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
55.000 |
55.000 |
|
(b) Reserves and Surplus |
|
185.478 |
148.682 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
240.478 |
203.682 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
136.316 |
111.683 |
|
(b) Deferred tax liabilities (Net) |
|
24.327 |
26.633 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
11.412 |
8.742 |
|
Total Non-current
Liabilities (3) |
|
172.055 |
147.058 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
232.186 |
225.269 |
|
(b) Trade
payables |
|
188.463 |
146.520 |
|
(c) Other
current liabilities |
|
1.291 |
1.218 |
|
(d) Short-term
provisions |
|
36.441 |
26.388 |
|
Total Current
Liabilities (4) |
|
458.381 |
399.395 |
|
|
|
|
|
|
TOTAL |
|
870.914 |
750.135 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
383.690 |
295.729 |
|
(ii)
Intangible Assets |
|
1.523 |
2.527 |
|
(iii) Tangible assets
capital work-in-progress |
|
22.930 |
43.915 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.010 |
0.010 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
67.414 |
53.215 |
|
(e) Other Non-current
assets |
|
0.378 |
0.318 |
|
Total Non-Current
Assets |
|
475.945 |
395.714 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
105.374 |
122.028 |
|
(c) Trade
receivables |
|
209.341 |
173.964 |
|
(d) Cash and
bank balances |
|
12.690 |
18.354 |
|
(e)
Short-term loans and advances |
|
67.564 |
40.075 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
394.969 |
354.421 |
|
|
|
|
|
|
TOTAL |
|
870.914 |
750.135 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
714.341 |
604.601 |
|
|
Other Income |
|
2.713 |
3.491 |
|
|
TOTAL |
|
717.054 |
608.092 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
301.219 |
282.147 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
14.743 |
8.867 |
|
|
Employee benefit expense |
|
74.898 |
64.347 |
|
|
Other expenses |
|
216.388 |
172.933 |
|
|
TOTAL |
|
607.248 |
528.294 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
109.806 |
79.798 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
21.480 |
23.713 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
88.326 |
56.085 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
36.188 |
17.711 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
52.138 |
38.374 |
|
|
|
|
|
|
|
Less |
TAX |
|
12.694 |
13.328 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
39.444 |
25.046 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
100.541 |
117.458 |
|
|
TOTAL IMPORTS |
|
100.541 |
117.458 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
71.72 |
45.54 |
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 |
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 |
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 |
COMPANY OVERVIEW
Subject is engaged in the business of manufacturing of Drug Intermediate and APIs. The company is 100% Export Oriented Unit and has its customer around the globe.
The company is Private Limited Company incorporated and domiciled in India and has its registered office at Indore, Madhya Pradesh, India. The company was incorporated in 1985 but had started its operations from Jan.1988.
OPERATIONS AND
PERFORMANCE REVIEW
During the year the Total Income of Company has increased form INR 608.000 Million to INR 717.000 Million, therefore the net profit of the company has increased from INR 25.000 Million to INR 39.400 Million. The Directors are confident and trying hard to increase the profitability during the current financial year with dedicated efforts of the management.
The performance of the Company is satisfactory and the Company is making continuous efforts to make a good level of operation.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
72.204 |
68.865 |
|
Intercorporate borrowings |
4.113 |
5.851 |
|
Total |
76.317 |
74.716 |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
Intangible assets
- Computer software
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 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.