|
|
|
MIRA INFORM REPORT
|
Report No. : |
517200 |
|
Report Date : |
27.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALEMBIC LIMITED (w.e.f.
31.05.1999) |
|
|
|
|
Formerly Known
As : |
Alembic Chemical Works Company
LIMITED |
|
|
|
|
Registered
Office : |
Alembic Road, Vadodara – 390003, Gujarat |
|
Tel. No.: |
91-265-2280550 / 2280880 / 3053333 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2018 |
|
|
|
|
Date of Incorporation
: |
30.07.1907 |
|
|
|
|
CIN No.: [Company Identification
No.] |
L26100GJ1907PLC000033 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 534.100 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA7950P |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer
of Bulk Drugs and Real Estate Business. [Registered Activity] |
|
|
|
|
No. of Employees (As on 31.03.2017): |
312 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 12800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Exists |
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|
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|
Comments : |
Subject is a part of “Alembic Group” incorporated in the year 1907 and it is having a fine track record. For the financial year 2018, the company has reported a dip in its revenue as compared to its previous year but has maintained good profit margin during the year. The ratings takes into account the healthy liquidity position of the company on the back of cash flows from the real estate business and improving performance of the bulk drugs business. Rating continues to derive strength from its long and established track record of its business operation backed by its well experienced promoters group along with diversified business portfolio. The company has its share price trading at around INR 39.80 on BSE as on 26th June 2018 as against its face value of INR 2. However, these rating strengths gets partially offset by its declining sales profile due to its presence in highly competitive and fragmented pharmaceutical and real estate industry. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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 |
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
31-03-2018.
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 27.06.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management non-cooperative (Tel No.: 91-265-2280550)
LOCATIONS
|
Registered / Corporate Office / Factory 1 : |
Alembic Road, Vadodara – 390003, Gujarat, India |
|
Tel. No.: |
91-265-2280550 / 2280880 / 3053333 |
|
Fax No.: |
91-265-2282506/ 228 1508 |
|
E-Mail : |
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|
Website : |
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|
Factory 2 : |
Panelav, Taluka Halol, District Panchmahal – 389350, Gujarat, India |
|
|
|
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Factory 3 : |
Plot No. 21, 22, EPIP - Phase I, Jhamajri, Baddi, Tehsil – Nalagarh, District Solan, Himachal Pradesh, India |
|
|
|
|
Factory 4 : |
Village Karakhadi, Taluka Padra, District Vadodara, Gujarat, India |
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|
|
|
Wind Mills : |
Village Ukharla/
Trambak, Taluka-Ghogha, District Bhavnagar, Gujarat, India |
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|
Construction Project : |
Located at:
|
|
|
|
|
Branch Office : |
2nd
Floor, Prime Corporate Park, Behind ITC Grand Maratha Sheraton, |
|
Tel. No.: |
91-22-30611698/
30611682 |
|
Fax No.: |
91-22-30611682
|
|
|
|
|
Alembic Research
Centre : |
Division of Alembic Limited, Alembic Campus, Vadodara – 390003, Gujarat, India |
|
Tel No.: |
91-265-3007989/
3007874 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Chirayu Ramanbhai Amin |
|
Designation : |
Chairman |
|
Address : |
F 10/195, Race Course Circle, Gorti Road, Vadodara – 390007, Gujarat, India |
|
Qualification : |
B. Sc., MBA |
|
Date of Appointment : |
20.08.1967 |
|
DIN No.: |
00242549 |
|
|
|
|
Name : |
Mr. Sameer Subhash Khera |
|
Designation : |
Director |
|
Address : |
903/B, Bhadralok, Old Padra Road, Near Tube Company, Vadodara – 390015, Gujarat, India |
|
Date of Appointment : |
25.02.2015 |
|
DIN No.: |
00009317 |
|
|
|
|
Name : |
Mrs. Malika Chirayu Amin |
|
Designation : |
Director |
|
Address : |
F 10/195, Race Course Circle, Gorti Road, Vadodara – 390007, Gujarat, India |
|
Date of Birth/Age : |
32 Years |
|
Qualification : |
M.A. |
|
Experience : |
13 years |
|
Date of Appointment : |
02.07.1988 |
|
DIN No.: |
00242613 |
|
|
|
|
Name : |
Mr. Udit Chirayu Amin |
|
Designation : |
Managing Director |
|
Address : |
F 10/195, Race Course Circle, Gorti Road, Vadodara – 390007, Gujarat, India |
|
Date of Birth/Age : |
35 Years |
|
Qualification : |
Graduate in Economics |
|
Experience : |
31 years |
|
Date of Appointment : |
24.04.2013 |
|
DIN No.: |
00244235 |
|
|
|
|
Name : |
Mr. Milin Kaimas Mehta |
|
Designation : |
Director |
|
Address : |
F 10/195, Race Course Circle, Gorti Road, Vadodara – 390007, Gujarat, India |
|
Date of Appointment : |
30.03.2010 |
|
DIN No.: |
01297508 |
|
|
|
|
Name : |
Mr. Chandrashekhar Pundarikray Buch |
|
Designation : |
Director |
|
Address : |
04 Tapas Society Diwalipura, Vadodara – 390007, Gujarat, India |
|
Date of Appointment : |
14.08.2012 |
|
DIN No.: |
05352912 |
|
|
|
|
Name : |
Mr. Abijit Achyut Joshi |
|
Designation : |
Director |
|
Address : |
D-701, Kunj Plaza Near-Polo Club, Lalbaug, Vadodara – 390001, Gujarat, India |
|
Date of Birth/Age : |
61 years |
|
Qualification : |
Masters in Organic Chemistry and Production Management |
|
Experience : |
36 years |
|
Date of Appointment : |
05.11.2014 |
|
DIN No.: |
06568584 |
|
|
|
|
Name : |
Mr. Rudradutt Chandrakant Saxena |
|
Designation : |
Director |
|
Address : |
G-1, Yash Apartment Behind Gautam Nagar, Race Course, Vadodara – 390007, Gujarat, India |
|
Date of Appointment : |
10.09.2013 |
|
DIN No.: |
06681691 |
KEY EXECUTIVES
|
Name : |
Mr. Rasesh Jayant Shah |
|
Designation : |
Company Finance Officer (KMP) |
|
Address : |
507, Bansidhar Complex, Opposite Polo Ground, Near Vadodara High School, Vadodara – 390001, Gujarat, India |
|
Date of Appointment : |
13.08.2014 |
|
PAN No.: |
AXHPS8019B |
|
|
|
|
Name : |
Mr. Drigesh Pramodbhai Mittal |
|
Designation : |
Company Secretary |
|
Address : |
9-Shyamal Appartment Chawala Society, Maniyasa Road, Maninagar E, Ahmedabad – 380008, Gujarat, India |
|
Date of Appointment : |
15.06.2015 |
|
PAN No.: |
ATWPM2736N |
|
|
|
|
Name : |
Malika Chirayu Amin |
|
Designation : |
Chief Executive Officer |
|
Address : |
F-10/195, Race Course Circle, Gotri Road, Vadodara-390007, Gujarat, India |
|
Date of Appointment : |
01.02.2017 |
|
PAN No.: |
ABMPA5730G |
MAJOR SHAREHOLDERS
AS ON 18.05.2018
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of
shares |
|
|
Promoter Promoter Group |
163153772 |
65.54 |
|
|
Public |
93628056 |
36.46 |
|
|
Grand Total |
256781828 |
100.00 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER
GROUP
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu undivided
Family |
20091300 |
7.82 |
|
|
Chirayu Ramanbhai Amin* |
8317644 |
3.24 |
|
|
Malika Chirayu Amin |
5751939 |
2.24 |
|
|
Pranav Chirayu Amin |
1932411 |
0.75 |
|
|
Shaunak Chirayu Amin |
1932651 |
0.75 |
|
|
Udit Chirayu Amin |
1927015 |
0.75 |
|
|
Inaaya Shaunak Amin |
57410 |
0.02 |
|
|
Naintara Shaunak Amin |
57410 |
0.02 |
|
|
Ranvir Pranav Amin |
57410 |
0.02 |
|
|
Samira Pranav Amin |
57410 |
0.02 |
|
|
Any Other (specify) |
143062472 |
55.71 |
|
|
Nirayu Pvt Limited |
105421362 |
41.05 |
|
|
Shreno Limited |
35151541 |
13.69 |
|
|
Paushak Limited |
1525 |
0.00 |
|
|
Vidyanidhi Trust |
1549202 |
0.60 |
|
|
Arogyavardhini Society |
537643 |
0.21 |
|
|
Utkarsh Vidyakendra |
279873 |
0.11 |
|
|
Ujjwal Vidyalaya |
119126 |
0.05 |
|
|
Laburnum Family Trust^ |
200 |
0.00 |
|
|
Virsad Family Trust^ |
200 |
0.00 |
|
|
Viramya Packlight LLP |
1800 |
0.00 |
|
|
Sub Total A1 |
163153772 |
63.54 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
163153772 |
63.54 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER
|
Category &
Name of the Shareholders |
No. of fully
paid up equity shares held |
Shareholding %
calculated as per SCRR, 1957 As a % of (A+B+C2) |
|
|
B1) Institutions |
0 |
0.00 |
|
|
Mutual Funds/ |
12101830 |
4.71 |
|
|
SBI Small cap Fund |
12101830 |
4.71 |
|
|
Alternate Investment Funds |
1828198 |
0.71 |
|
|
Foreign Portfolio Investors |
3067507 |
1.19 |
|
|
Financial Institutions/ Banks |
192123 |
0.07 |
|
|
Any Other (specify) |
6500 |
0.00 |
|
|
Foreign Bank |
6500 |
0.00 |
|
|
Sub Total B1 |
17196158 |
6.70 |
|
|
B2) Central Government/ State
Government(s)/ President of India |
0 |
0.00 |
|
|
B3) Non-Institutions |
0 |
0.00 |
|
|
Individual share capital upto
INR 0.200 million |
53110797 |
20.68 |
|
|
Individual share capital in
excess of INR 0.200 million |
11174967 |
4.35 |
|
|
NBFCs registered with RBI |
81516 |
0.03 |
|
|
Any Other (specify) |
12064618 |
4.70 |
|
|
Trusts |
267310 |
0.10 |
|
|
Foreign Nationals |
3000 |
0.00 |
|
|
HUF |
2519833 |
0.98 |
|
|
Non-Resident Indian (NRI) |
1586708 |
0.62 |
|
|
IEPF |
1792914 |
0.70 |
|
|
Unclaimed or Suspense or Escrow
Account |
825151 |
0.32 |
|
|
Clearing Members |
711199 |
0.28 |
|
|
Bodies Corporate |
4358503 |
1.70 |
|
|
Sub Total B3 |
76431898 |
29.77 |
|
|
B=B1+B2+B3 |
93628056 |
36.46 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Bulk Drugs and Real Estate Business. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|
No. of Employees (As on 31.03.2017): |
312 (Approximately) |
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|
|
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|
Bankers (As on 31.03.2017): |
|
|
Auditors: |
|
|
Name : |
CNK and Associates LLP Chartered Accountants |
|
Address 1: |
C-201-202, Shree Siddhi Vinayak Complex, Opposite Alkapuri Side
Railway Station, Faramji Road, Alkapuri, Vadodara - 390005 |
|
Address 1: |
Mistry Bhavan, 3rd Floor, Dinshaw Road, Churchgate, Mumbai
– 400020, Maharashtra, India Tel. No: 91-22-66230600 |
|
Tel. No.: |
91-265-2343483/ 2354353/ 2354359 |
|
E-Mail : |
|
|
|
|
|
Auditors (As on 31.03.2017) |
|
|
Name : |
K. S. Aiyar and Company Chartered Accountants |
|
Address : |
Laxmi Estate No. F-07/08 Shakti Mills Lane, Off Dr. E. Moses Road, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
|
Tel. No.: |
91-22-24932502 / 66551770 |
|
Fax No.: |
91-22-66551774 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates (As on 31.03.2017) |
· Alembic Pharmaceuticals Limited CIN No.: L24230GJ2010PLC061123 · Alembic Export Limited CIN No.: U51100GJ1994PLC021552 |
|
|
|
|
Other Related
Parties (As on 31.03.2017) |
|
CAPITAL STRUCTURE
AS ON 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed and Paid-up Capital : INR 534.100
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000000 |
Equity Shares |
INR 2/- each |
INR 600.000 Million |
|
|
|
|
|
Issued, Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
267041193 |
Equity Shares |
INR 2/- each |
INR 534.082 Million |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
267031828 |
Equity Shares |
INR 2/- each |
INR 534.064 Million |
|
9365 |
Forfeited Equity Shares |
INR 2/- each |
INR 0.009 Million |
|
|
Total |
|
INR 534.073
Million |
Reconciliation of
the number of shares
|
Equity Shares |
As on 31.03.2017 |
|
|
|
Number
of Shares |
INR
in Million |
|
Shares at the beginning of the year |
267031828 |
534.064 |
|
Shares
outstanding at the end of the year |
267031828 |
534.064 |
The rights,
preferences and restrictions including restrictions on the distribution of
dividends and the repayment of capital;
- The company is having only one class of shares i.e. Equity carrying a nominal value of INR 2/- per share.
- Every holder of the equity share of the Company is entitled to one vote per share held.
- In the event of liquidation of the Company, the equity shareholders will be entitled to receive remaining assets of the Company after the distribution / repayment of all creditors. The distribution to the equity shareholders will be in proportion of the number of shares held by each shareholder The Company declares and pays dividend as approved by the shareholders at the Annual General Meeting During the year ended 31st March, 2017 an amount of INR 0.15 of dividend per equity share was paid for financial year 2015-16.
Details of equity shares held by shareholders holding more than 5%
shares:
|
Name of
Shareholder |
As on 31.03.2017 |
|
|
|
Number
of Shares |
% holding |
|
Shreno Limited |
36737560 |
13.76% |
|
Whitefield Chemtech Private Limited |
36570460 |
13.70% |
|
Nirayu Private Limited |
38015263 |
14.24% |
|
Sierra Investments Limited |
34335340 |
12.86% |
Shares allotted as fully paid up (During 5 year preceding 31st March,
2017)
In the year 2013-14, The Company has allotted 133515914 Equity
Shares as fully paid up bonus shares by capitalisation of General Reserves INR
267.032 million
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
534.100 |
534.100 |
534.073 |
|
(b) Reserves & Surplus |
3952.800 |
3143.100 |
2359.365 |
|
(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) |
4486.900 |
3677.200 |
2893.438 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
104.310 |
|
(b) Deferred tax liabilities (Net) |
92.300 |
100.500 |
9.408 |
|
(c) Other long term
liabilities |
41.200 |
17.800 |
0.000 |
|
(d) long-term
provisions |
8.000 |
7.800 |
6.437 |
|
Total Non-current
Liabilities (3) |
141.500 |
126.100 |
120.155 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
164.200 |
147.600 |
133.986 |
|
(c) Other
current liabilities |
320.500 |
410.000 |
325.245 |
|
(d) Short-term
provisions |
106.500 |
125.800 |
26.996 |
|
Total Current
Liabilities (4) |
591.200 |
683.400 |
486.227 |
|
|
|
|
|
|
TOTAL |
5219.600 |
4486.700 |
3499.820 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1322.300 |
1476.000 |
1621.736 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
1.600 |
2.329 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2027.700 |
1075.700 |
175.211 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.700 |
2.200 |
1.787 |
|
(e) Other
Non-current assets |
0.000 |
18.400 |
10.000 |
|
Total Non-Current Assets |
3352.700 |
2573.900 |
1811.063 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1198.500 |
1047.600 |
460.728 |
|
(b)
Inventories |
324.100 |
506.100 |
748.983 |
|
(c) Trade
receivables |
252.900 |
216.000 |
279.797 |
|
(d) Cash
and cash equivalents |
8.100 |
23.100 |
23.408 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
175.841 |
|
(f) Other
current assets |
83.300 |
120.000 |
0.000 |
|
Total
Current Assets |
1866.900 |
1912.800 |
1688.757 |
|
|
|
|
|
|
TOTAL |
5219.600 |
4486.700 |
3499.820 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
1253.000 |
1471.600 |
1260.276 |
|
|
Other Income |
370.100 |
309.700 |
263.788 |
|
|
TOTAL |
1623.100 |
1781.300 |
1524.064 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
398.600 |
509.700 |
376.448 |
|
|
Cost of Construction |
307.800 |
473.000 |
282.115 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
80.900 |
(88.200) |
38.730 |
|
|
Employees benefits
expense |
207.400 |
228.300 |
237.999 |
|
|
Exceptional Items |
0.000 |
58.100 |
32.169 |
|
|
Other expenses |
147.200 |
281.600 |
242.147 |
|
|
TOTAL |
1141.900 |
1462.500 |
1209.608 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
481.200 |
318.800 |
314.456 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.700 |
1.600 |
0.273 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
479.500 |
317.200 |
314.183 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
37.800 |
50.900 |
61.440 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
441.700 |
266.300 |
252.743 |
|
|
|
|
|
|
|
Less |
TAX |
23.900 |
-8.600 |
6.066 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
417.800 |
274.900 |
246.677 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
10.393 |
37.140 |
|
|
TOTAL EARNINGS |
NA |
10.393 |
37.140 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
356.154 |
363.687 |
|
|
Components and Stores
parts |
NA |
0.000 |
0.519 |
|
|
TOTAL IMPORTS |
NA |
356.154 |
364.206 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.56 |
1.03 |
0.92 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
518.304 |
105.149 |
|
Net cash flows from (used in) operations |
NA |
516.263 |
96.459 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
73.67 |
53.57 |
81.03 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.95 |
6.81 |
4.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
150.36 |
105.70 |
129.91 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.48 |
0.63 |
0.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.36 |
0.22 |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.11 |
0.15 |
0.17 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.13 |
0.19 |
0.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.29 |
0.40 |
0.56 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
283.06 |
199.25 |
1151.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
33.34 |
18.68 |
19.57 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.00 |
6.13 |
7.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.31 |
7.48 |
8.53 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.16 |
2.80 |
3.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.61 |
2.06 |
1.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.86 |
0.82 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
3.16 |
2.80 |
3.47 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 2.00/- |
|
Market Value |
INR 39.80/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
534.073 |
534.100 |
534.100 |
|
Reserves & Surplus |
2359.365 |
3143.100 |
3952.800 |
|
Net
worth |
2893.438 |
3677.200 |
4486.900 |
|
|
|
|
|
|
long-term borrowings |
104.310 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
104.310 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.036 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1260.276 |
1471.600 |
1253.000 |
|
|
|
16.768 |
(14.855) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1260.276 |
1471.600 |
1253.000 |
|
Profit (Loss) |
246.677 |
274.900 |
417.800 |
|
|
19.57% |
18.68% |
33.34% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
534.100 |
534.100 |
|
(b) Reserves &
Surplus |
10323.700 |
8580.200 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
10857.800 |
9114.300 |
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
92.300 |
100.500 |
|
(c) Other long term
liabilities |
41.200 |
17.800 |
|
(d) long-term provisions |
8.000 |
7.800 |
|
Total Non-current
Liabilities (3) |
141.500 |
126.100 |
|
|
|
|
|
(4) Current Liabilities |
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
|
(b) Trade payables |
164.200 |
147.600 |
|
(c) Other current
liabilities |
320.500 |
410.000 |
|
(d) Short-term provisions |
106.500 |
125.800 |
|
Total Current Liabilities
(4) |
591.200 |
683.400 |
|
|
|
|
|
TOTAL |
11590.500 |
9923.800 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1) Non-current assets |
|
|
|
(a) Fixed Assets |
|
|
|
(i) Tangible assets |
1322.300 |
1476.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
1.600 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
|
(b) Non-current
Investments |
8396.600 |
6512.900 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.700 |
2.200 |
|
(e) Other Non-current
assets |
1.700 |
18.400 |
|
Total Non-Current Assets |
9723.300 |
8011.100 |
|
|
|
|
|
(2) Current assets |
|
|
|
(a) Current investments |
1198.500 |
1047.600 |
|
(b) Inventories |
324.100 |
506.100 |
|
(c) Trade receivables |
252.900 |
216.000 |
|
(d) Cash and cash
equivalents |
8.300 |
23.100 |
|
(e) Short-term loans and advances |
0.000 |
0.000 |
|
(f) Other current assets |
83.400 |
119.900 |
|
Total Current Assets |
1867.200 |
1912.700 |
|
|
|
|
|
TOTAL |
11590.500 |
9923.800 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Income |
1253.000 |
1471.600 |
|
|
Other Income |
370.200 |
309.700 |
|
|
TOTAL |
1623.200 |
1781.300 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
398.600 |
509.700 |
|
|
Cost of Construction |
307.800 |
473.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
80.900 |
(88.200) |
|
|
Employees benefits
expense |
207.400 |
228.300 |
|
|
Exceptional Items |
0.000 |
58.100 |
|
|
Other expenses |
147.200 |
281.600 |
|
|
TOTAL |
1141.900 |
1462.500 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
481.300 |
318.800 |
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.700 |
1.600 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
479.600 |
317.200 |
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
37.800 |
50.900 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
441.800 |
266.300 |
|
|
|
|
|
|
Less |
TAX |
24.000 |
(8.600) |
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
417.800 |
274.900 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
6.10 |
5.44 |
LEGALS
FILE
|
FILLING (STAMP) NUMBER: TAX APPEAL: NO.1700 OF 2018 Status : pending |
|
CNR No:
GJHC240357602018 |
|
Next Listing Date:
- |
|
Coram: - |
|
S.No Petitioner Name: PRINCIPAL COMMISSIONER OF INCOME TAX VADODAR 1 |
|
S. No. Respondent Name : Alembic Limited |
|
Presented On : 11/06.2018 |
|
Bench Category:- |
|
Case Originated From: - |
|
Registration on Director: VADODARA |
|
Purpose of Listing: NA |
|
Classificatino: |
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 |
Years of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Litigations that the firm/promoter
involved in |
Yes |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
DESCRIPTION OF
BUSINESS
The company is a public limited company domiciled in India
and is incorporated under the provisions of the Companies Act applicable in
India. Its shares are listed on two recognized stock exchanges in India. The
registered office of the company is located at Alembic Road, Vadodara 390003,
Gujarat. The company is dealing in API Business and Real Estate Business.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B16858458 |
10004303 |
Bank of Baroda & Other Banks |
08/05/2006 |
30/06/2011 |
- |
500000000.0 |
First Floor, Bank of Baroda BuildingR. C. Dutt RoadVadodaraGJ390007IN |
|
2 |
B79407573 |
10050110 |
Member Secretary |
15/05/2007 |
- |
10/07/2013 |
3000000.0 |
Single Window Clearing Agency (SWCA)Baddi Industries Development officerNalagarhHP173205IN |
|
3 |
B43132117 |
10045239 |
Standard Chartered Bank |
05/04/2007 |
- |
09/07/2012 |
430000000.0 |
Narain Manzil,23, Barakhambha Road,New DelhiDL110001IN |
|
4 |
B16830218 |
10180279 |
IDBI TRUSTEESHIP SERVICES LIMITED |
25/09/2009 |
- |
30/06/2011 |
250000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
5 |
B16829418 |
10066212 |
IDBI Trusteeship Services Ltd |
13/09/2007 |
- |
30/06/2011 |
750000000.0 |
Asian Building, Ground Floor, 17 R. Kamani Marg,Ballard EstateMumbaiMH400001IN |
|
6 |
B16829863 |
10169711 |
IDBI TRUSTEESHIP SERVICES LIMITED |
11/08/2009 |
- |
30/06/2011 |
250000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
7 |
A75554519 |
10045873 |
BNP PARIBAS |
15/12/2006 |
- |
24/12/2009 |
227953951.0 |
20, COLLYER QUAY # 01-01TUNG CENTRESINGAPORENA049319SG |
|
8 |
A75056309 |
80056684 |
ABN AMRO BANK N.V. |
03/09/2004 |
- |
10/12/2009 |
232500000.0 |
SAKHAR BHAVAN, 4TH FLOORNARIMAN POINTMUMBAIMH400021IN |
|
9 |
A56406036 |
80051741 |
STATE BANK OF INDORE |
09/11/2004 |
- |
29/01/2009 |
300000000.0 |
STERLING CENTREDR. ANNIE BESANT MARG, WORLIMUMBAIMH400018IN |
|
10 |
A37495769 |
80039848 |
IDBI BANK LIMITED |
08/05/2003 |
- |
05/05/2008 |
90000000.0 |
CONCORDE, R.C. DUTT ROADALKAPURIVADODARAGJ390007IN |
CONTINGENT LIABILITIES:
(INR in million)
|
Particulars |
31.03.2018 (INR
in Million) |
31.03.2017 (INR in Million) |
|
i. Wage revision and reinstatement of employees and other
demands |
Unascertained |
Unascertained |
|
ii. Letter of credit, Guarantees and counter guarantees |
NA |
50.759 |
|
iii. Liabilities Disputed in appeals |
|
|
|
- Excise duty |
NA |
47.171 |
|
- Sales Tax |
NA |
15.034 |
|
- Income tax |
NA |
70.483 |
|
- Green Cess |
NA |
1.929 |
|
v. Claims against the company not acknowledged as debt |
NA |
614.592 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Computer
Accessories
- Computer
Software
CMT REPORT (Corruption, Money Laundering
& Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 67.97 |
|
|
1 |
INR 89.99 |
|
Euro |
1 |
INR 78.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--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.