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MIRA INFORM REPORT
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Report No. : |
485189 |
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Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
LYOPHILIZATION SYSTEMS INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No.26/27, Alelap Estate, Opposite JNTU Road, Near Pragathi Nagar, Kukatpally, Hyderabad - 500072, Telangana |
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Tel. No.: |
91-40-65196788 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
21.05.2003 |
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Com. Reg. No.: |
36-041023 |
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Capital
Investment / Paid-up Capital : |
INR 5.000 Million |
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CIN No.: [Company Identification
No.] |
U33125TG2003PTC041023 |
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IEC No.: |
0903003171 |
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TIN No.: |
Not Divulged |
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GST No.: |
36AAACL8746M1ZY |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACL8746M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Seller and Exporter of Lyophilizers as well as Freeze
Drying Equipment used in Pharmaceutical Food and Research Industries.
[Registered Activity and also Confirmed by Management] |
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No. of Employees
: |
70 [Approximately] |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2003. It is a Manufacturer, Seller and Exporter of Lyophilizers as well as Freeze Drying Equipment used in Pharmaceutical Food and Research Industries. Management has not filed its financial record with government department for the year 2017 and same are not available from any other sources. As per the available financial of 2016, the company has achieved a decent growth of 41.71% in its revenue as compared to the previous year and has reported an average profitability margin of 5.24%. The company possesses fair financial position marked by adequate net worth base along with low debt balance sheet profile and comfortable liquidity parameters. Rating takes into consideration the company’s satisfactory Earnings Per Share (EPS) of INR 27.24 as against its Face Value (FV) of INR 10. Rating is constrained on account of absence of latest financial records of the company. Business is active. Payments are reported to be slow but correct. 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 |
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Low Risk |
A2 |
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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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term loans = BB+ |
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Rating Explanation |
Moderate risk of default |
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Date |
16.03.2017 |
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Rating Agency Name |
CARE |
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Rating |
Short term loans = A4+ |
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Rating Explanation |
Minimal degree of safety and very high credit risk |
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Date |
16.03.2017 |
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 16.01.2018.
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 PARTED BY
|
Name : |
Mr. David |
|
Designation : |
Senior Accountant |
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Contact No.: |
91-9963473092 |
|
Date : |
10.01.2018 |
LOCATIONS
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Registered Office : |
Plot No.26/27, Alelap Estate, Opposite JNTU Road, Near Pragathi Nagar, Kukatpally, Hyderabad - 500072, Telangana, India |
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Tel. No.: |
91-40-65196788 |
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Mobile No.: |
91-9963473092 [Mr. David] |
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Fax No.: |
91-40-23893794 |
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E-Mail : |
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Website : |
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Branch Office : |
Located at: · Visakhapatnam |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Surya Kumari Meka |
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Designation : |
Director |
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Address : |
Plot No. 36/A, Telecom Nagar, Gachi Bowli, Hyderabad - 500019, Andhra Pradesh, India |
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Date of birth/ age: |
22.02.1967 |
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Date of Appointment : |
24.05.2006 |
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DIN No.: |
00300414 |
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PAN No.: |
AFYPM4152Q |
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Name : |
Mr. Narendar Davantpuram |
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Designation : |
Director |
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Address : |
Plot No. 36B, Telecom Nagar, Gachibowli, Hyderabad - 500032, Andhra Pradesh, India |
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Date of Appointment : |
21.05.2003 |
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DIN No.: |
00418099 |
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Name : |
Meka Satya Prasad |
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Designation : |
Director |
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Address : |
Plot No. 36/A Telecom Nagar, Gachibowli, Hyderabad - 500032, Andhra Pradesh, India |
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Date of Appointment : |
21.05.2003 |
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DIN No.: |
00418179 |
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Name : |
Mr. Kiran Kilaparti |
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Designation : |
Director |
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Address : |
14-150,Doyens Township Seri Lingampally, Ranga Reddy - 500019, Andhra Pradesh, India |
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Date of Appointment : |
21.05.2003 |
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DIN No.: |
02470836 |
KEY EXECUTIVES
|
Name : |
Mr. David |
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Designation : |
Senior Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
M Satya Prasad |
155000 |
31.00 |
|
D Narendar |
120000 |
24.00 |
|
M Surya Kumari |
25000 |
5.00 |
|
D Kavitha |
25000 |
5.00 |
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Kiran Kilaparti |
50000 |
10.00 |
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Mare Jeffery Thompson |
125000 |
25.00 |
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Total |
500000 |
100.00 |
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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|
Promoters (Individual/Hindu Undivided Family - Indian) |
75.00 |
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Promoters (Individual/Hindu Undivided Family - Foreign National (Other than NRI)) |
25.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Seller and Exporter of Lyophilizers as well as Freeze
Drying Equipment used in Pharmaceutical Food and Research Industries. [Registered
Activity and also Confirmed by Management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· US · Canada |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· US · Germany |
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Terms : |
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Selling : |
Cash, Advance Payment and Cheque |
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Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
· Alfa Lavel · Elomatic India Private Limited |
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Customers : |
Manufacturer · Dr. Reddy’s Laboratories Limited · Wockhardit Limited · Cipla Limited · Matrix Laboratories Limited · Atco Pharma Limited · Dishman Pharmaceuticals Limited |
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No. of Employees : |
70 [Approximately] |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
C Venkat Krishna and Company Chartered Accountants |
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Address : |
402, 4th Floor, Owners Pride, Plot
No.1717, Road No.12, Banjara
Hills, Hyderabad - 500034, Telangana, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABFC2051L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
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|
|
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(1)Shareholders' Funds |
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(a) Share Capital |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
96.445 |
82.823 |
71.816 |
|
(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 |
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Total
Shareholders’ Funds (1) + (2) |
101.445 |
87.823 |
76.816 |
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(3)
Non-Current Liabilities |
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|
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|
(a) Long-term borrowings |
0.762 |
1.613 |
2.397 |
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(b) Deferred tax liabilities (Net) |
3.481 |
2.702 |
2.215 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
9.348 |
|
(d)
long-term provisions |
1.494 |
1.494 |
1.494 |
|
Total
Non-current Liabilities (3) |
5.737 |
5.809 |
15.454 |
|
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(4) Current Liabilities |
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|
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|
(a)
Short term borrowings |
24.752 |
25.656 |
22.261 |
|
(b)
Trade payables |
72.589 |
57.241 |
81.530 |
|
(c)
Other current liabilities |
76.724 |
77.493 |
73.736 |
|
(d)
Short-term provisions |
7.700 |
5.795 |
10.399 |
|
Total
Current Liabilities (4) |
181.765 |
166.185 |
187.926 |
|
|
|
|
|
|
TOTAL |
288.947 |
259.817 |
280.196 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
28.595 |
30.396 |
32.725 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
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 Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
28.595 |
30.396 |
32.725 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
151.190 |
99.040 |
97.969 |
|
(c)
Trade receivables |
74.259 |
53.327 |
82.824 |
|
(d)
Cash and cash equivalents |
11.034 |
21.849 |
41.868 |
|
(e)
Short-term loans and advances |
23.818 |
55.176 |
14.402 |
|
(f)
Other current assets |
0.051 |
0.029 |
10.408 |
|
Total
Current Assets |
260.352 |
229.421 |
247.471 |
|
|
|
|
|
|
TOTAL |
288.947 |
259.817 |
280.196 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
260.097 |
182.255 |
339.687 |
|
|
|
Other Income |
2.563 |
13.178 |
2.782 |
|
|
|
TOTAL |
262.660 |
195.433 |
342.469 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
199.902 |
95.162 |
224.478 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(49.091) |
9.172 |
0.777 |
|
|
|
Employees benefits expense |
7.707 |
6.425 |
7.850 |
|
|
|
Other direct manufacturing expenses |
33.704 |
24.171 |
38.613 |
|
|
|
Other expenses |
42.442 |
37.748 |
41.746 |
|
|
|
TOTAL |
234.664 |
172.678 |
313.464 |
|
|
|
|
|
|
|
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|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
27.996 |
22.755 |
29.005 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.300 |
2.254 |
4.032 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.696 |
20.501 |
24.973 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.595 |
3.093 |
2.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
22.101 |
17.408 |
22.822 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.479 |
6.282 |
7.462 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
13.622 |
11.126 |
15.360 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
97.227 |
34.684 |
65.192 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components on CIF basis |
100.953 |
54.625 |
106.202 |
|
|
|
Technical constancy |
4.012 |
3.765 |
13.115 |
|
|
TOTAL IMPORTS |
104.965 |
58.39 |
119.317 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
27.24 |
22.25 |
30.72 |
|
|
PARTICULARS |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
490.000 |
|
|
|
|
|
Expected Sales (2015-2016): INR 500.000 (Due to business growth)
The above information has been parted by Mr. David (Senior Accountant)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term borrowings |
0.851 |
0.718 |
0.579 |
|
|
|
|
|
|
Cash generated from operations |
0.171 |
(17.481) |
40.800 |
|
|
|
|
|
|
Net Cash flow for Operating Activities |
(10.829) |
(25.530) |
33.662 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
104.21 |
106.80 |
89.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.50 |
3.42 |
4.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
132.54 |
219.55 |
132.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.19 |
0.23 |
0.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.98 |
0.75 |
0.89 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.63 |
0.65 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.25 |
0.31 |
0.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.79 |
1.89 |
2.45 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.28 |
0.35 |
0.43 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
8.48 |
10.10 |
7.19 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.24 |
6.10 |
4.52 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.71 |
4.28 |
5.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.43 |
12.67 |
20.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.43 |
1.38 |
1.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.60 |
0.78 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.35 |
0.34 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.10 |
5.45 |
4.93 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.43 |
1.38 |
1.32 |
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
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
71.816 |
82.823 |
96.445 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
76.816 |
87.823 |
101.445 |
|
|
|
|
|
|
long-term borrowings |
2.397 |
1.613 |
0.762 |
|
Short term borrowings |
22.261 |
25.656 |
24.752 |
|
Current Maturities of Long
term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
24.658 |
27.269 |
25.514 |
|
Debt/Equity
ratio |
0.321 |
0.310 |
0.252 |
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 |
339.687 |
182.255 |
260.097 |
|
|
|
(46.346) |
42.710 |
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 |
339.687 |
182.255 |
260.097 |
|
Profit |
15.360 |
11.126 |
13.622 |
|
|
4.52% |
6.10% |
5.24% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A30109656 |
10082644 |
CORPORATION BANK |
06/10/2007 |
- |
- |
500000.0 |
5-9-112, 1ST FLOOR,
SURYA CHAMBERS, OPP. TELUGUNAMPALLY, HYDERABADHYDERABADAP500001IN |
|
2 |
C58796889 |
80022193 |
CORPORATION BANK |
28/01/2006 |
26/06/2015 |
- |
85000000.0 |
5-9-112, 1ST
FLOOR, SURYA CHAMBERSNAMPALLYHYDERABADTG500001IN |
COMPANY
INFORMATION
The company was incorporated on 21.05.2003 under the provisions of
companies Act, 1956 to manufacturer and sell the Lyophilizers as well as freeze
drying equipment for the pharmaceutical, food and research industries.
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
The directors take pleasure in reporting that the company has achieved a
turnover of INR 260.000 million during the year as against previous year INR
182.200 million and earned net profit of INR 13.622 million after tax as
compared to previous year INR 11.126 million. The company’s performance is
decreased heavily compared to previous year and expected to improve in the
coming years.
CHANGE OF ADDRESS:
Registered address of the company has been shifted from Plot No. 133,
Prashanthi Nagar, Industrial estate, Kukatpally, Hyderabad - 500072, Andhra
Pradesh, India to the present address w.e.f.15.02.2006.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Bank Guarantee |
15.928 |
45.445 |
FIXED ASSETS:
· Plant and Machinery
· EDP Machinery
· Computer Equipment
· Vehicles
· Office Equipment
· Furniture and Fixture
· Factory Building
· Land
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 63.41 |
|
UK Pound |
1 |
INR 87.19 |
|
Euro |
1 |
INR 77.45 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
NO |
|
--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.