|
|
|
MIRA INFORM REPORT
|
Report No. : |
486158 |
|
Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
STERIL-GENE LIFE SCIENCES PRIVATE LIMITED [w.e.f. 26.02.2009] |
|
|
|
|
Formerly Known
As : |
STERIGENE LIFE SCIENCES PRIVATE LIMITED |
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|
Registered
Office : |
New No.15, Old No.7, Gopalakrishnan Road, T. Nagar, Chennai-600017, Tamilnadu |
|
Tel. No.: |
91-44-23452030 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
28.02.2007 |
|
|
|
|
Com. Reg. No.: |
18-062549 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 1084.882 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02423TN2007PTC062549 |
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IEC No.: |
Not Divulged |
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GST No.: |
Not Divulged |
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TIN No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAKCS9783R |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Pharmaceutical Formulations (Softgel, Hardgel, Tablets, Injections, etc.). [Registered Activity] |
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|
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|
No. of Employees
: |
Not Available [We tried to confirm
the number of employees but no one is ready to part any information from the
company management] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 1593200 |
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|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2007. The company is a pharmaceutical company, manufacturing a range of pharmaceutical preparations like tablets, hard gelatin capsules, soft gelatin capsules, dry syrup, dry powder injections, suspension and liquid injections with lyophilization. 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 financial of 2016, the company has reported a decline in its revenue as compared to the previous year and has incurred operational losses. The company possesses moderate financial position marked by negative reserve base. Business is active. Payments are reported to be slow. In view of aforesaid, the company can be considered for business dealings on safe and secured trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans=B (Withdrawal) |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk |
|
Date |
08.09.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans=A4 (Withdrawal) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
08.09.2017 |
Reason for withdrawal: The withdrawal of the rating is at the request of the company and on receipt of a no-dues certificate from the bank.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-44-23452030-34]
[Given number 09381007669 is switch off]
LOCATIONS
|
Registered Office : |
New No.15, Old No.7, Gopalakrishnan Road, T. Nagar, Chennai-600017, Tamilnadu, India |
|
Tel. No.: |
91-44-23452030-34 |
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Fax No.: |
91-44-23452036 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
45 Main Road, Mangalam Village, Villanur Commune, Pondicherry – 605110
(U.T.), India |
|
Tel. No.: |
91-413-2661103 |
|
Fax No.: |
91-413-2661102 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sivasamy Nadar Manohar |
|
Designation : |
Director |
|
Address : |
No.25, Kamala Nagar, |
|
Date of Birth/Age : |
15.03.1953 |
|
Qualification : |
M.B.B.S |
|
Date of Appointment : |
28.02.2007 |
|
PAN No.: |
AATPM8720C |
|
DIN No.: |
01057515 |
|
|
|
|
Name : |
Mr. Sulaiman Abdulhai Mohammed |
|
Designation : |
Managing Director |
|
Address : |
Old No.16, New No.33/1, |
|
Date of Birth/Age : |
01.05.1951 |
|
Qualification : |
B.Pharm |
|
Date of Appointment : |
28.02.2007 |
|
PAN No.: |
AAGPS0218J |
|
DIN No.: |
01186491 |
|
|
|
|
Name : |
Zenaida Dizon Balajadia |
|
Designation : |
Director |
|
Address : |
73, Scout Fernandez Street, Philippines Quezon City 1103 Ph |
|
Date of Birth/Age : |
27.02.1953 |
|
Qualification : |
Bachelor of Science in Mathematics |
|
Date of Appointment : |
04.12.2009 |
|
DIN No.: |
02553550 |
|
|
|
|
Name : |
Lloyd Dizon Balajadia |
|
Designation : |
Director |
|
Address : |
73, SCT Fernandez St. Tomas Morato, Quezon City, 1103 Ph |
|
Date of Birth/Age : |
25.10.1979 |
|
Qualification : |
Doctorate in Medicine,Bachelor of Science in Human Biology |
|
Date of Appointment : |
04.12.2009 |
|
DIN No.: |
02655927 |
|
|
|
|
Name : |
Dennis Dizon Balajadia |
|
Designation : |
Director |
|
Address : |
73 Scout Fernandez Street, Brgy Laging Handa Diliman, Quezon City, 1103
PH |
|
Date of Birth/Age : |
27.07.1977 |
|
Qualification : |
Master in Entrepreneurship |
|
Date of Appointment : |
04.12.2009 |
|
DIN No.: |
02655964 |
|
|
|
|
Name : |
Dick Dizon Balajadia |
|
Designation : |
Director |
|
Address : |
73, Scout Fernandez Street, Quezon City, 01100 PH |
|
Date of Birth/Age : |
10.12.1981 |
|
Qualification : |
Culinary Chief (Course) |
|
Date of Appointment : |
04.12.2009 |
|
DIN No.: |
02874680 |
|
|
|
|
Name : |
Maximo Ponce Balajadia |
|
Designation : |
Director |
|
Address : |
73, Scout Fernandez St, Quezon 1100 Ph |
|
Date of Birth/Age : |
26.03.1953 |
|
Qualification : |
Bachelor of Commerce |
|
Date of Appointment : |
04.12.2009 |
|
DIN No.: |
02907712 |
|
|
|
|
Name : |
Mr. Alagappan |
|
Designation : |
Director |
|
Address : |
Plot 27/2, New Beach Road, Thiruvalluvar Nagar, Thiruvanmiyur, Chennai-600041, Tamilnadu, India |
|
Date of Birth/Age : |
02.06.1953 |
|
Qualification : |
M.B.B.S |
|
Date of Appointment : |
10.03.2014 |
|
PAN No.: |
AAHPA8971F |
|
DIN No.: |
05215147 |
|
|
|
|
Name : |
Mr. Krishnamurthy Balakumar |
|
Designation : |
Director |
|
Address : |
27a/11a, Moosa Street, T. Nagar, Chennai-600017, Tamilnadu, India |
|
Date of Birth/Age : |
13.09.1952 |
|
Qualification : |
M.B.B.S |
|
Date of Appointment : |
10.03.2014 |
|
DIN No.: |
05215155 |
|
|
|
|
Name : |
Mr. Kannappan Nagappan |
|
Designation : |
Director |
|
Address : |
2d The South Gate 35 Kasturi Ranga Road, Alwarpet, Chennai-600018, Tamilnadu, India |
|
Date of Birth/Age : |
01.06.1952 |
|
Qualification : |
M.B.B.S |
|
Date of Appointment : |
10/03/2014 |
|
PAN No.: |
AABPN0303Q |
|
DIN No.: |
05216579 |
|
|
|
|
Name : |
Chanpreet Singh Anand |
|
Designation : |
Wholetime Director |
|
Address : |
Y 234 6th, Main Road, Anna Nagar, Chennai-600040, Tamilnadu, India |
|
Date of Birth/Age : |
28.04.1985 |
|
Qualification : |
Post Graduate/Master/Equivalent |
|
Date of Appointment : |
20.03.2015 |
|
PAN No.: |
AODPA3035Q |
|
DIN No.: |
07107578 |
KEY EXECUTIVES
|
Name : |
Mr. Ramamurthy Jayaraman |
|
Designation : |
Company Secretary |
|
Address : |
2 (26), Kanaka Sabai Colony, Kamaraj Street Koyambedu,
Chennai-600107, Tamilnadu, India |
|
Date of Appointment : |
28.06.2017 |
|
PAN No.: |
AGXPJ2402Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
A.M. Sulaiman |
|
2000 |
|
A.L. Gandhimathi |
|
2000 |
|
N. Meenakshy |
|
2000 |
|
B. Mangaleswari |
|
2000 |
|
S. Manohar |
|
2000 |
|
A.M. Sulaiman for Accent Pharma |
|
18010000 |
|
Tristar Formulations Private Limited, India |
|
4300000 |
|
Star Trends Holding Corp., Hong Kong |
|
1083982 |
|
Madras Pharma Holdings Private Limited, India |
|
30174123 |
|
Lloyd Laboratories INC., Phillipines |
|
51410141 |
|
|
|
|
|
Total |
|
104988246 |
|
Names of Shareholder [Preference Shares] |
|
No. of Shares |
|
Softgel Healthcare Private Limited, India |
|
3500000 |
|
|
|
|
|
Total |
|
3500000 |
AS ON: 21.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
17.16 |
|
Promoters – Body Corporate |
32.84 |
|
Promoters – Others [Foreign body corporates] |
50.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pharmaceutical Formulations (Softgel, Hardgel, Tablets, Injections, etc.). [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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||||
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available [We tried to
confirm the number of employees but no one is ready to part any information
from the company management] |
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|
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|
Bankers : |
· Indian Overseas Bank Commercial and Institutional Credit Branch, No.98A, Dr. Radhakrishnan Salai, Mylapore, Chennai - 600004, Tamilnadu, India · HDFC Bank Limited |
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
B. Srinivasan and Company Chartered Accountants |
|
Address : |
No, 3, Playground View Street, Nandanam Extension, Chennai-600035, Tamilnadu, India |
|
PAN No.: |
AAAPB8683L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Others Related
Parties : |
· The Madras Pharmaceuticals · Madras Pharma Holdings Private Limited, India [U65990TN2010PTC075670] · Maral Labs · Accent Pharma · Softgel Healthcare Private Limited, India [U24231TN2003PTC051829] · Tristar Formulations Private Limited, India [U24231PY2004PTC001758] · Euro Healthcare Exponents Inc |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
105000000 |
Equity Shares |
INR 10/- each |
INR 1050.000 Million |
|
5000000 |
Preference Shares |
INR 10/- each |
INR 50.000 Million |
|
|
Total |
|
INR 1100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
104988246 |
Equity Shares |
INR 10/- each |
INR 1049.882
Million |
|
3500000 |
Preference Shares |
INR 10/- each |
INR 35.000 Million |
|
|
Total |
|
INR 1084.882
Million |
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1084.882 |
1069.882 |
1049.882 |
|
(b) Reserves and Surplus |
(527.255) |
(457.817) |
(312.222) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
557.627 |
612.065 |
737.660 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
797.577 |
529.357 |
390.240 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
797.577 |
529.357 |
390.240 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
48.789 |
50.156 |
47.852 |
|
(b) Trade
payables |
66.779 |
81.295 |
72.205 |
|
(c) Other
current liabilities |
79.881 |
82.031 |
111.471 |
|
(d) Short-term
provisions |
129.218 |
93.391 |
28.166 |
|
Total Current
Liabilities (4) |
324.667 |
306.873 |
259.694 |
|
|
|
|
|
|
TOTAL |
1679.871 |
1448.295 |
1387.594 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1064.445 |
1097.075 |
1153.168 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
227.367 |
109.347 |
88.181 |
|
(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 |
19.808 |
8.262 |
9.487 |
|
(e) Other
Non-current assets |
89.939 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1401.559 |
1214.684 |
1250.836 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
30.852 |
19.812 |
31.570 |
|
(c) Trade
receivables |
94.530 |
98.107 |
45.055 |
|
(d) Cash and
bank balances |
12.263 |
5.210 |
8.052 |
|
(e)
Short-term loans and advances |
0.069 |
1.971 |
2.174 |
|
(f) Other current
assets |
140.598 |
108.511 |
49.907 |
|
Total
Current Assets |
278.312 |
233.611 |
136.758 |
|
|
|
|
|
|
TOTAL |
1679.871 |
1448.295 |
1387.594 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
325.314 |
363.736 |
352.827 |
|
|
Other Income |
1.139 |
0.543 |
0.868 |
|
|
TOTAL |
326.453 |
364.279 |
353.695 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
153.005 |
209.457 |
215.562 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.385) |
0.822 |
(1.027) |
|
|
Employee benefit expense |
48.087 |
72.892 |
49.873 |
|
|
Other expenses |
80.494 |
104.206 |
80.710 |
|
|
TOTAL |
280.201 |
387.377 |
345.118 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
46.252 |
(23.098) |
8.577 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
36.567 |
44.978 |
45.877 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.685 |
(68.076) |
(37.300) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
79.124 |
77.519 |
50.202 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(69.439) |
(145.595) |
(87.502) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(69.439) |
(145.595) |
(87.502) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
256.266 |
48.152 |
40.542 |
|
|
TOTAL EARNINGS |
256.266 |
48.152 |
40.542 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
7.563 |
0.000 |
0.000 |
|
|
Components and spare
parts |
0.179 |
0.648 |
0.000 |
|
|
Capital Goods |
15.197 |
15.218 |
0.000 |
|
|
TOTAL IMPORTS |
22.939 |
15.865 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.66) |
(1.39) |
(0.83) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
42.000 |
42.000 |
79.239 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(75.021) |
(74.388) |
22.198 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(75.021) |
(74.388) |
22.198 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
106.06 |
98.45 |
46.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.44 |
3.71 |
7.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
159.30 |
141.66 |
122.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.50 |
(1.17) |
0.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.04 |
(0.02) |
0.01 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.61 |
0.53 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.59 |
1.02 |
0.70 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.58 |
0.50 |
0.35 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.32 |
1.97 |
1.68 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.26 |
(0.51) |
0.19 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(21.35) |
(40.03) |
(24.80) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(4.13) |
(10.05) |
(6.31) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(12.45) |
(23.79) |
(11.86) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.86 |
0.76 |
0.53 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.76 |
0.70 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.42 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.82 |
0.58 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.86 |
0.76 |
0.53 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1049.882 |
1069.882 |
1084.882 |
|
Reserves & Surplus |
(312.222) |
(457.817) |
(527.255) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
737.660 |
612.065 |
557.627 |
|
|
|
|
|
|
Long-term borrowings |
390.240 |
529.357 |
797.577 |
|
Short term borrowings |
47.852 |
50.156 |
48.789 |
|
Current maturities of
long-term debts |
79.239 |
42.000 |
42.000 |
|
Total
borrowings |
517.331 |
621.513 |
888.366 |
|
Debt/Equity
ratio |
0.701 |
1.015 |
1.593 |
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 |
352.827 |
363.736 |
325.314 |
|
|
|
3.092 |
(10.563) |
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 |
352.827 |
363.736 |
325.314 |
|
Profit/ (Loss) |
(87.502) |
(145.595) |
(69.439) |
|
|
(24.80
%) |
(40.03
%) |
(21.35
%) |
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 |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G54131222 |
100083924 |
HDFC BANK LIMITED |
31/12/2016 |
18/07/2017 |
- |
336500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G36201812 |
10379375 |
State Bank of India |
10/09/2012 |
10/03/2016 |
20/02/2017 |
413500000.0 |
Overseas Branch86, Rajaji SalaiChennaiTN600001IN |
|
3 |
C58317447 |
10109122 |
Indian Overseas Bank |
26/05/2008 |
26/12/2014 |
03/07/2015 |
151700000.0 |
Commercial & Institutional Credit BranchDr.R.K Salai, MylaporeChennaiTN600004IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
42.900 |
26.400 |
|
Loans and advances from others |
530.177 |
322.346 |
|
|
|
|
|
Total |
573.077 |
348.746 |
BRIEF DESCRIPTION OF THE COMPANYS WORKING DURING
THE YEAR
The Sales of the company recorded a decrease of 10.42 % compared to last year. We are expecting more orders for our facilities and confident of achieving an increase in turnover during the year 2016 - 2017.
During the year esteemed representatives from the global players in pharmaceutical formulations and leading players in Indian Pharmaceutical Companies duly visited our facility.
OUTLOOK :
Registration process of our products is going on in many countries like Costa Rica, Republic of Benin, Mali, Ghana, Peru, Malaysia, Columbia, Brazil, Chad, Cameroon, Honduras, Kenya, Cambodia, Armenia, Belarus, Moldova, Tajikistan, etc.
They are been exporting their products to South American Express (Bolivia), State Pharmaceutical Corporation (Sri Lanka), Mission Pharma (Denmark / Mali), United Laboratories Inc. (Phillipines) and Lloyd Laboratories Inc. (Philippines) during the year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Claims against company not acknowledged as debt |
0.808 |
0.586 |
|
Guarantees |
6.403 |
6.254 |
|
Other money for which company is contingently liable |
12.258 |
0.000 |
|
|
|
|
|
Total |
19.469 |
6.840 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 63.41 |
|
UK Pound |
1 |
INR 87.18 |
|
Euro |
1 |
INR 77.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
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.