|
|
|
MIRA INFORM REPORT
|
Report No. : |
488784 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MSN LIFE SCIENCES PRIVATE LIMITED (w.e.f. 20.12.2013) |
|
|
|
|
Formerly Known
As : |
VIJETA LIFE SCIENCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
MSN House, 7-2-C24, Industrial Estate, Sanath Nagar (I.E.),
Hyderabad-500018, Telangana |
|
Tel. No.: |
91-40-30438600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.10.2005 |
|
|
|
|
Com. Reg. No.: |
36-047655 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 47.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239TG2005PTC047655 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
|
GSTIN : |
Not Divulged |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
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PAN No.: [Permanent Account No.] |
AACCV1325N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
The company manufactures different types of pharmaceutical, bulk
drugs, formulation and its intermediates. (Registered Activity) |
|
|
|
|
No. of Employees
: |
463 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 707000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
MSN Life Sciences Private Limited was incorporated in the year 2005. It is engaged in manufactures different types of pharmaceutical, bulk drugs, formulation and its intermediates. For the financial year 2017, the revenue of the company has increased by 24.41% along with fair profit margin of 7.71%. The rating takes into consideration the sound financial profile of the company is marked by adequate networth base along with negligible debt level. However, rating strengths are partially offset by the exposure to intense competition in the active pharmaceutical (API) segment and risks related to expansion to formulations segment and working capital intensive operations. Business is active. Payments seems 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term : BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
25.05.2017 |
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 31.01.2018
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. Kishor |
|
Designation : |
Finance Department |
|
Contact No.: |
91-40-30438600 |
|
Date : |
30.01.2018 |
LOCATIONS
|
Registered Office/ Corporate Office : |
MSN House, 7-2-C24, Industrial Estate, Sanath Nagar (I.E.),
Hyderabad-500018, Telangana, India |
|
Tel. No.: |
91-40-30438600 |
|
Fax No.: |
91-40-30438798 |
|
E-Mail : |
|
|
|
|
|
Factory 1 (API Facilities) : |
Sy No- 21/A and 21AA, Mambapur (Village), Jinnaram (Mandal), District Medak - 502313, Telangana, India |
|
Tel. No.: |
91-8458-275488 |
|
Fax No.: |
91-8458-305947 |
|
|
|
|
Factory 2 (API Facilities) : |
SY No. 455/A 455/AA 455/E and 455/EE, Chandampet Village, Shankarampet
Mandal, Medak – 502313, Telangana, India |
|
Tel. No.: |
91-8452-334200 |
|
Fax No.: |
91-8452-334201 |
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Website : |
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Factory 3 : |
Also located at : ·
Chegunta, Near Hyderabad |
DIRECTORS
As on 31.03.2017
|
Name : |
Sindhuja Reddy Manne |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8-3-167 / D / 16, Phase – I, Kalyan Nagar, Near A.G. Colony, Hyderabad
– 500038, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.02.1991 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
01.04.2015 |
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PAN No.: |
BPNPM8406F |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
02977495 |
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Other Directorship:
|
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Name : |
Mrs. Laxmi Prasuna Manne |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8-3-167/D/16, Phase-I Kalyan Nagar, Near A.G. Colony, Hyderabad –
500038, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
05.08.1968 |
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Date of Appointment : |
22.04.2013 |
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PAN No.: |
AOJPM1556Q |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00954334 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Satyanarayana Reddy Manne |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8 - 3 - 167 / D / 16, Kalyan Nagar Phase I, Near AG Colony, Hyderabad
– 500038, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.04.1957 |
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Date of Appointment : |
22.04.2013 |
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PAN No.: |
ADYPM2116L |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
01657567 |
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Other Directorship:
|
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No Company
exists for a Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Chintapally Janardhan Reddy |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
16-112, Road No. 3, Sri Krishna Nagar, Dilsukh Nagar,
Hyderabad-500060, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
15.07.1940 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
12.01.2012 |
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DIN No.: |
01688041 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY
EXECUTIVE
|
Name : |
Mr. Kishor |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Satyanarayana Reddy Manne |
4516350 |
95.28 |
|
Laxmi Prasuna Manne |
223650 |
4.72 |
|
Total |
4740000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family- Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company manufactures different types of pharmaceutical, bulk
drugs, formulation and its intermediates. (Registered Activity) |
||||
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Products (As on 2017) : |
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||||
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
||||
|
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||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees
: |
Not Divulged |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers (As on 2015): |
· Yes Bank Limited, Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai – 400018, Maharashtra, India |
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
B.R.M. Reddy and Company Chartered Accountants |
|
Address : |
6-3-1186/5/A, Green Lands, China Bal Reddy Buildings, Begumpet,
Hyderabad – 500016, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB7698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives (As on 31.03.2017) : |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4740000 |
Equity Shares |
INR 10/- each |
INR 47.400
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
47.400 |
47.400 |
31.600 |
|
(b) Reserves &
Surplus |
199.878 |
59.207 |
53.395 |
|
(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) |
247.278 |
106.607 |
84.995 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
159.932 |
228.232 |
150.384 |
|
(b) Deferred tax
liabilities (Net) |
34.516 |
30.411 |
20.686 |
|
(c) Other long term
liabilities |
0.010 |
0.010 |
0.010 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
194.458 |
258.653 |
171.080 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
74.298 |
96.388 |
0.000 |
|
(b) Trade payables |
3244.927 |
1028.929 |
560.269 |
|
(c) Other current
liabilities |
76.505 |
245.290 |
1.547 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
3395.730 |
1370.607 |
561.816 |
|
|
|
|
|
|
TOTAL |
3837.466 |
1735.867 |
817.891 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
888.393 |
773.993 |
480.633 |
|
(ii) Intangible Assets |
13.449 |
18.341 |
24.454 |
|
(iii) Capital
work-in-progress |
1395.501 |
229.386 |
43.483 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
305.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
58.324 |
220.322 |
5.298 |
|
(e) Other Non-current
assets |
0.980 |
0.980 |
1.760 |
|
Total Non-Current Assets |
2661.647 |
1243.022 |
555.628 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
616.346 |
217.823 |
183.044 |
|
(c) Trade receivables |
339.688 |
182.823 |
33.286 |
|
(d) Cash and cash
equivalents |
10.053 |
3.209 |
6.666 |
|
(e) Short-term loans and
advances |
209.732 |
88.990 |
39.267 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1175.819 |
492.845 |
262.263 |
|
|
|
|
|
|
TOTAL |
3837.466 |
1735.867 |
817.891 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1825.377 |
1467.206 |
824.557 |
|
|
Other Income |
14.521 |
5.266 |
0.963 |
|
|
TOTAL |
1839.898 |
1472.472 |
825.520 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1269.367 |
985.154 |
567.943 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
84.315 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(192.787) |
(15.634) |
(70.395) |
|
|
Employees benefits
expense |
201.201 |
135.287 |
56.746 |
|
|
Other expenses |
188.509 |
122.615 |
76.577 |
|
|
TOTAL |
1466.290 |
1227.422 |
715.186 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
373.608 |
245.050 |
110.334 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
55.131 |
38.762 |
13.740 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
318.477 |
206.288 |
96.594 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
103.624 |
82.985 |
36.189 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
214.853 |
123.303 |
60.405 |
|
|
|
|
|
|
|
Less |
TAX |
74.182 |
44.642 |
34.675 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
140.671 |
78.661 |
25.730 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
45.768 |
46.342 |
30.799 |
|
|
|
|
|
|
|
Less |
Others deduction to reserves |
0.000 |
14.320 |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
7.866 |
2.573 |
|
|
Equity dividend tax |
0.000 |
9.649 |
1.294 |
|
|
Interim equity dividend |
0.000 |
47.400 |
6.320 |
|
|
Total |
0.000 |
64.915 |
10.187 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
186.439 |
45.768 |
46.342 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
382.164 |
321.420 |
7.574 |
|
|
TOTAL EARNINGS |
382.164 |
321.420 |
7.574 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
350.640 |
218.395 |
104.413 |
|
|
Capital Goods |
67.957 |
30.501 |
30.417 |
|
|
TOTAL IMPORTS |
418.597 |
248.896 |
134.830 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
29.68 |
16.59 |
8.14 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
70.505 |
220.516 |
0.201 |
|
Cash generated from operations |
1901.866 |
301.673 |
245.716 |
|
Net cash flow from operating activity |
1832.706 |
267.201 |
230.116 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
67.92 |
45.48 |
14.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.37 |
8.03 |
24.77 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
933.06 |
381.22 |
313.52 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.61 |
1.12 |
0.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.16 |
0.24 |
0.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.94 |
1.05 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.23 |
5.11 |
1.77 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
13.73 |
12.86 |
6.61 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
9.29 |
9.58 |
6.45 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.78 |
6.32 |
8.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
7.71 |
5.36 |
3.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.67 |
4.53 |
3.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
56.89 |
73.79 |
30.27 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.35 |
0.36 |
0.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.16 |
0.20 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.06 |
0.06 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.43 |
11.50 |
4.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.35 |
0.36 |
0.47 |
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 |
31.600 |
47.400 |
47.400 |
|
Reserves & Surplus |
53.395 |
59.207 |
199.878 |
|
Net
worth |
84.995 |
106.607 |
247.278 |
|
|
|
|
|
|
long-term borrowings |
150.384 |
228.232 |
159.932 |
|
Short term borrowings |
0.000 |
96.388 |
74.298 |
|
Current maturities of
long-term debts |
0.201 |
220.516 |
70.505 |
|
Total
borrowings |
150.585 |
545.136 |
304.735 |
|
Debt/Equity
ratio |
1.772 |
5.114 |
1.232 |
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 |
824.557 |
1467.206 |
1825.377 |
|
|
|
77.939 |
24.412 |
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 |
824.557 |
1467.206 |
1825.377 |
|
Profit |
25.730 |
78.661 |
140.671 |
|
|
3.12% |
5.36% |
7.71% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
|
31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
47.400 |
|
(b) Reserves & Surplus |
|
|
199.875 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
247.275 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
159.932 |
|
(b) Deferred tax liabilities
(Net) |
|
|
34.516 |
|
(c) Other long term
liabilities |
|
|
0.010 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
194.458 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
74.298 |
|
(b) Trade payables |
|
|
3244.927 |
|
(c) Other current liabilities |
|
|
76.530 |
|
(d) Short-term provisions |
|
|
0.000 |
|
Total
Current Liabilities (4) |
|
|
3395.755 |
|
|
|
|
|
|
TOTAL |
|
|
3837.488 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
908.790 |
|
(ii) Intangible Assets |
|
|
318.321 |
|
(iii) Capital work-in-progress |
|
|
1395.500 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
38.076 |
|
(e) Other Non-current assets |
|
|
0.979 |
|
Total
Non-Current Assets |
|
|
2661.666 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
616.347 |
|
(c) Trade receivables |
|
|
339.688 |
|
(d) Cash and cash equivalents |
|
|
10.054 |
|
(e) Short-term loans and
advances |
|
|
209.733 |
|
(f) Other current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
1175.822 |
|
|
|
|
|
|
TOTAL |
|
|
3837.488 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
1825.377 |
|
|
Other Income |
|
|
14.551 |
|
|
TOTAL
|
|
|
1839.928 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
1269.368 |
|
|
Purchases of Stock-in-Trade |
|
|
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(192.788) |
|
|
Employees benefits expense |
|
|
201.201 |
|
|
Other expenses |
|
|
188.543 |
|
|
TOTAL |
|
|
1466.324 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
373.604 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
55.131 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
318.473 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
103.624 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
214.849 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
74.181 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
140.668 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
29.68 |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
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 |
COMPANY AFFAIRS
For the financial year ended March 31, 2017, gross sales was INR 1984.871 million as compared to INR 1604.502 million in the corresponding period of the previous year. The EBITDA for the financial year 2016-17 stood at INR 373.608 million compared to EBITDA INR 245.050 million during the corresponding period of previous year. The Net profit was INR 140.671 million for FY 2016-17 as compared to INR 78.661 million in the corresponding period of the previous year.
BUSINESS REVIEW
The Company presently has one world class bulk actives and chemicals manufacturing facility situated at Mamabapur and Chegunta, near Hyderabad
Bulk actives
The Company produces around 42 bulk actives in addition to the other chemicals and intermediates in its bulk actives facility. Of this the major products are Apremilast, Canagliflozin, Levo Milnacipran HCL (LM), Darunvir, Dolutegravir Sodium, Macitentan IH which together contribute over 86% of the product revenues.
The Company efforts to build a stronger customer base, both in domestic as well as export markets. The share of export revenues contributes 22% of the total revenues. The Company expects that the share of export revenues would increase in the years to come. This being propelled mainly through conscious efforts to increase its regulatory filings, customer partnerships, etc.
The company has filed 25 DMFs including CEPS in US, USDMF and ASMF during the FY 2016-17.
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49895824 |
100114358 |
VISTRA ITCL (INDIA) LIMITED |
24/04/2017 |
- |
- |
1913500000.0 |
IL & FS FINANCIAL CENTRE PLOT NO C22 G BLOCK BANDRA KURLA COMPLEX BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA |
|
2 |
C72408586 |
10576386 |
YES BANK LIMITED |
30/05/2015 |
09/10/2015 |
- |
450000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA, DR. A.B. ROAD, WORLI, MUMBAI MAHARASHTRA 400018 INDIA |
|
3 |
C54927520 |
10004346 |
STATE BANK OF HYDERABAD |
09/03/2006 |
07/06/2011 |
30/05/2015 |
81250000.0 |
SHAPURNAGAR BRANCH HYDERABAD TELANGANA 500055 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR in million) |
31.03.2016 (INR in million) |
|
Bank guarantees |
0.000 |
0.250 |
FIXED ASSETS
- Land
- Buildings
- Plant and Machinery
- Factory equipments
- 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 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 63.75 |
|
UK Pound |
1 |
INR 89.39 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHA |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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.