|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494570 |
|
Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAINBOW CHILDREN'S MEDICARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
22, Road No.4, Banjara Hills, Hyderabad-500034, Telangana |
|
Tel. No.: |
91-40-44665555 / 22334455 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
07.08.1998 |
|
|
|
|
Com. Reg. No.: |
36-029914 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 202.241 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110TG1998PTC029914 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
36920283145 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR4014M |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AABCR4014M1ZE |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is primarily engaged in the business of rendering medical and healthcare services. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 9250000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1998 and it is operates a chain of paediatric hospitals with Prenatal Centres with main focus towards child and women health care. As per financials of March 2017, the company has registered a growth of 37.87% in its revenue as compared to its previous year’s revenue and has reported good profit margin 9.76% under review. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth base along with low solvency indicators and good liquidity position. Further, the company has reported a good earnings per share of INR 33.79 against its face value of INR 10. Payments seems to be regular. In view of aforesaid, the company can be considered good 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
ICRA |
|
Rating |
Long term rating : A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
16.10.2017 |
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 03.03.2018
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. Satish |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-40-44665555 |
|
Date : |
27.02.2018 |
LOCATIONS
|
Registered Office : |
22, Road No.4, Banjara Hills, Hyderabad-500034, Telangana, India |
|
Tel. No.: |
91-40-44665555 / 22334455 |
|
Fax No.: |
91-40-44665555 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Emergency and
Transport services : |
Located at : · Hyderabad · Secunderabad · Delhi · Bannerghatta · Marathahalli |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ramesh Kancharla |
||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||
|
Address : |
Plot No-41, Road No-7, Film Nagar Phase-2 Jubilee Hills, Shaikpet,
Hyderabad 500033, Telangana, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.02.1962 |
||||||||||||||||||||||||||||||||
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Date of Appointment : |
07.08.1998 |
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DIN No.: |
00212270 |
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dinesh Kumar Chirla |
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|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||||||
|
Address : |
Villa 38, Khajaguda, Nanakramguda, Lalitha Bioom Field Near Oakridge
International School, Seril Ingampally, Hyderabad-500008, Telangana,
India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.12.1969 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.12.2005 |
||||||||||||||||||||||||||||||||
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DIN No.: |
01395841 |
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Yugandhar Meka |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Plot No 22, Nandagiri Hills Road No 69, Jubilee Hills,
Hyderabad-500033, Telangana, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.07.1951 |
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|
Date of Appointment : |
28.12.2007 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00012265 |
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravindranath Menon Kizhakkepat Bhaskaran |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
S-4, Spencer Court 5, Spencer Road, Fraser Town, Bangalore-560005,
Telangana, India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.05.2016 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
02579565 |
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Ms. Ranjana Kumar |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Plot No. 81, Whisper Valley H S Dargah, Toli Chowki, Hyderabad-500008,
Telangana, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.12.1945 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.12.2013 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
02930881 |
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nagarajan Srinivasan |
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|
Designation : |
Nominee Director |
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|
Address : |
64, 31st Cross Jayanagar, VII Block, Bangalore-560082, Karnataka, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.08.1962 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.08.2013 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01480303 |
||||||||||||||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Pawan Kumar Mittal |
|
Designation : |
Company Secretary |
|
Address : |
H.No.7-1-621/342 & 341, Flat No. 503, 5th Floor Anusha Classic, S.R. Nagar, Hyderabad-500038, Telangana, India |
|
Date of Appointment : |
17.07.2015 |
|
PAN No.: |
AMJPM3020B |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh Kancharla |
|
5581423 |
|
Devineni Suresh |
|
261800 |
|
Dinesh Kumar Chirla |
|
1200000 |
|
K. Padma |
|
450000 |
|
A Venkata Lakhsmi |
|
100000 |
|
Farhan A R Shaik |
|
50000 |
|
Preetham Kumar |
|
150000 |
|
Maddirala Pranathi Subramanyam |
|
50000 |
|
Rajini |
|
50000 |
|
CDC Group Plc, London |
|
1261448 |
|
CDC India Opportunities Limited, London |
|
125000 |
|
Total |
|
9279671 |
|
Names of Shareholders (Series A CCPS 1) |
|
No. of Shares |
|
CDC Group Plc, London |
|
1146771 |
|
Total |
|
1146771 |
|
Names of Shareholders (Series B CCPS 1) |
|
No. of Shares |
|
CDC India Opportunities Limited, London |
|
1133309 |
|
Total |
|
1133309 |
Equity Share Break up (Percentage of Total Equity)
As on 03.07.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
77.93 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
7.13 |
|
Public/Other than promoters (Venture capital) |
1.35 |
|
Public/Other than promoters (Body corporate) |
13.59 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of rendering medical and healthcare services. (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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||||||
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Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
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No. of Employees : |
Not Divulged |
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|
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
B S R & Associates, LLP Chartered Accountants |
|
Address : |
8-2-618/2, Reliance Humsafar, 4th Floor, Road No. 11, Banjara Hills, Hyderabad, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
· Rainbow Children's Hospital Private Limited CIN No.: U85110TG2010PTC071424 · Rainbow Women and Children's Hospital Private Limited CIN No.: U85100TG2010PTC071633 · Rainbow Speciality Hospitals Private Limited CIN No.: U85100TG2010PTC071461 · Rainbow Institute of Health Sciences Private Limited |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Ravindranath Ge Medical Associates Private Limited · Medical Associates Private Limited Rainbow Children's Foundation (Trust) · Sesha Sarojini Medical Infra Private Limited · CDC India Opportunities Limited · CDC Emerging Markets Limited · CDC Group PLC |
CAPITAL STRUCTURE
After 03.07.2017
Authorised Capital : INR 700.000 Million
Issued, Subscribed & Paid-up Capital : INR 549.033 Million
As on 03.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24055616 |
Equity Shares |
INR 10/- each |
INR 240.556 Million |
|
1146771 |
Series A Compulsory Convertible Preference Shares |
INR 48/- each |
INR 55.045 Million |
|
1133309 |
Series B Compulsory Convertible Preference Shares |
INR 48/- each |
INR 54.399 Million |
|
|
Total |
|
INR 350.000 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9279671 |
Equity Shares |
INR 10/- each |
INR 92.797 Million |
|
1146771 |
Series A Compulsory Convertible Preference Shares |
INR 48/- each |
INR 55.045 Million |
|
1133309 |
Series B Compulsory Convertible Preference Shares |
INR 48/- each |
INR 54.399 Million |
|
|
Total |
|
INR 202.241 Million
|
FINANCIAL DATA
[all figures are
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 |
202.241 |
202.241 |
147.842 |
|
(b) Reserves and Surplus |
3035.709 |
2722.113 |
1701.018 |
|
(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) |
3237.950 |
2924.354 |
1848.860 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
112.233 |
76.022 |
9.258 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
18.615 |
18.849 |
15.837 |
|
(d) long-term
provisions |
42.989 |
30.531 |
18.862 |
|
Total Non-current
Liabilities (3) |
173.837 |
125.402 |
43.957 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
47.000 |
22.926 |
33.419 |
|
(b) Trade
payables |
200.891 |
116.123 |
89.181 |
|
(c) Other
current liabilities |
271.126 |
227.679 |
150.635 |
|
(d) Short-term
provisions |
36.813 |
41.217 |
47.776 |
|
Total Current
Liabilities (4) |
555.830 |
407.945 |
321.011 |
|
|
|
|
|
|
TOTAL |
3967.617 |
3457.701 |
2213.828 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1656.043 |
1175.817 |
537.935 |
|
(ii)
Intangible Assets |
50.135 |
57.319 |
4.976 |
|
(iii) Tangible assets
capital work-in-progress |
73.356 |
275.644 |
303.492 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.300 |
0.300 |
138.792 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
18.816 |
|
(d)
Long-term loans and advances |
458.728 |
239.677 |
172.672 |
|
(e) Other
Non-current assets |
491.845 |
7.832 |
8.505 |
|
Total Non-Current
Assets |
2730.407 |
1756.589 |
1185.188 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
55.077 |
15.507 |
96.379 |
|
(b)
Inventories |
67.365 |
37.938 |
26.909 |
|
(c) Trade
receivables |
136.814 |
64.620 |
46.464 |
|
(d) Cash and
bank balances |
881.263 |
1495.135 |
710.786 |
|
(e)
Short-term loans and advances |
28.965 |
33.765 |
100.637 |
|
(f) Other
current assets |
67.726 |
54.147 |
47.465 |
|
Total
Current Assets |
1237.210 |
1701.112 |
1028.640 |
|
|
|
|
|
|
TOTAL |
3967.617 |
3457.701 |
2213.828 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
3212.887 |
2330.443 |
1483.161 |
|
|
Other Income |
101.301 |
162.295 |
96.039 |
|
|
TOTAL |
3314.188 |
2492.738 |
1579.200 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
516.217 |
397.694 |
249.632 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
691.419 |
541.084 |
299.661 |
|
|
CSR expenditure |
5.878 |
2.000 |
0.000 |
|
|
Other expenses |
1459.305 |
1112.975 |
556.243 |
|
|
TOTAL |
2672.819 |
2053.753 |
1105.536 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
641.369 |
438.985 |
473.664 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.704 |
17.203 |
7.886 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
631.665 |
421.782 |
465.778 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
218.905 |
183.982 |
66.644 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
412.760 |
237.800 |
399.134 |
|
|
|
|
|
|
|
Less |
TAX |
99.164 |
67.054 |
133.232 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
313.596 |
170.746 |
265.902 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
33.79 |
18.40 |
28.36 |
|
|
Diluted |
27.13 |
16.10 |
25.50 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
5.967 |
31.306 |
15.049 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
530.774 |
333.986 |
463.726 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
15.54 |
10.12 |
11.43 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
23.48 |
36.06 |
31.92 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
142.04 |
106.58 |
130.40 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
9.52 |
11.57 |
17.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.36 |
0.29 |
0.56 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.17 |
0.15 |
0.16 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.05 |
0.04 |
0.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.17 |
0.14 |
0.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.55 |
0.52 |
0.46 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
66.09 |
25.52 |
60.06 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
9.76 |
7.33 |
17.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.90 |
4.94 |
12.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.69 |
5.84 |
14.38 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.23 |
4.17 |
3.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.10 |
4.08 |
3.12 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.82 |
0.85 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.82 |
0.64 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.23 |
4.17 |
3.20 |
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 |
147.842 |
202.241 |
202.241 |
|
Reserves & Surplus |
1701.018 |
2722.113 |
3035.709 |
|
Net
worth |
1848.860 |
2924.354 |
3237.950 |
|
|
|
|
|
|
long-term borrowings |
9.258 |
76.022 |
112.233 |
|
Short term borrowings |
33.419 |
22.926 |
47.000 |
|
Current maturities of
long-term debts |
15.049 |
31.306 |
5.967 |
|
Total
borrowings |
57.726 |
130.254 |
165.200 |
|
Debt/Equity
ratio |
0.031 |
0.045 |
0.051 |
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 |
1483.161 |
2330.443 |
3212.887 |
|
|
|
57.127 |
37.866 |
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 |
1483.161 |
2330.443 |
3212.887 |
|
Profit |
265.902 |
170.746 |
313.596 |
|
|
17.93% |
7.33% |
9.76% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
202.241 |
202.241 |
|
(b) Reserves and Surplus |
|
3063.164 |
2749.904 |
|
(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) |
|
3265.405 |
2952.145 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
112.232 |
76.021 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
18.615 |
18.849 |
|
(d) long-term
provisions |
|
42.989 |
30.531 |
|
Total Non-current
Liabilities (3) |
|
173.836 |
125.401 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
47.000 |
22.926 |
|
(b) Trade
payables |
|
200.891 |
116.123 |
|
(c) Other
current liabilities |
|
277.722 |
234.947 |
|
(d) Short-term
provisions |
|
36.814 |
41.217 |
|
Total Current
Liabilities (4) |
|
562.427 |
415.213 |
|
|
|
|
|
|
TOTAL |
|
4001.668 |
3492.759 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1656.043 |
1175.817 |
|
(ii)
Intangible Assets |
|
50.135 |
57.319 |
|
(iii) Tangible assets
capital work-in-progress |
|
73.415 |
275.703 |
|
(iv)
Intangible assets under development |
|
29.876 |
29.876 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
458.741 |
240.690 |
|
(e) Other
Non-current assets |
|
491.845 |
7.832 |
|
Total Non-Current
Assets |
|
2760.055 |
1787.237 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
55.077 |
15.507 |
|
(b)
Inventories |
|
67.365 |
37.938 |
|
(c) Trade
receivables |
|
136.814 |
64.620 |
|
(d) Cash and
bank balances |
|
882.219 |
1502.387 |
|
(e)
Short-term loans and advances |
|
26.021 |
23.671 |
|
(f) Other
current assets |
|
74.117 |
61.399 |
|
Total
Current Assets |
|
1241.613 |
1705.522 |
|
|
|
|
|
|
TOTAL |
|
4001.668 |
3492.759 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
3213.025 |
2330.443 |
|
|
Other Income |
|
101.020 |
160.681 |
|
|
TOTAL |
|
3314.045 |
2491.124 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
516.217 |
397.695 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Employee benefit expense |
|
691.418 |
541.084 |
|
|
CSR expenditure |
|
5.878 |
2.000 |
|
|
Other expenses |
|
1459.499 |
1113.062 |
|
|
TOTAL |
|
2673.012 |
2053.841 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
641.033 |
437.283 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
9.704 |
17.203 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
631.329 |
420.080 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
218.905 |
183.883 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
412.424 |
236.197 |
|
|
|
|
|
|
|
Less |
TAX |
|
99.164 |
67.054 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
313.260 |
169.143 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
33.76 |
18.23 |
|
|
Diluted |
|
27.10 |
15.95 |
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 |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
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 OVERVIEW
The Company was incorporated on 07 August 1998 as a private limited company under the Companies Act, 1956. The Company is primarily engaged in the business of rendering medical and healthcare services.
BUSINESS OPERATIONS
During the year the Company has achieved a Standalone Gross Turnover of INR 3314.200 million against previous year turnover of INR 2492.700 million and registered a standalone net profit of INR 313.600 million against previous year net profit of INR 170.700 million.
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49166523 |
100112346 |
HDFC BANK LIMITED |
12/06/2017 |
- |
- |
1000000.0 |
HDFC Bank House,Senapati Bapat Marg, Lower Parel WestMumbaiMH400013IN |
|
2 |
G23650724 |
100064346 |
AXIS TRUSTEE SERVICES LIMITED |
10/11/2016 |
- |
- |
1000000000.0 |
AXIS HOUSE, BOMBAY DYEING MILLSCOMPOUND, PANDHURANG BUDHKAR MARG, WORLIMUMBAIMa400025IN |
|
3 |
G19214055 |
100058755 |
HDFC BANK LIMITED |
12/08/2016 |
- |
- |
800000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
G00583872 |
100023005 |
HDFC BANK LIMITED |
29/08/2015 |
- |
- |
900000.0 |
HDFC BANK LIMITED, HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WMumbaiMH400013IN |
|
5 |
B71750855 |
10414612 |
Axis Bank Limited |
28/02/2013 |
- |
- |
1018600.0 |
5-2-183/184, 3rd floor, ASC Centre,Modi square, R.P RoadSecunderabadAP500003IN |
|
6 |
G39743729 |
10003419 |
State Bank of India |
15/04/2006 |
30/12/2016 |
- |
7500000.0 |
Commercial Branch, Mid Corporate GroupBank Street, KotiHyderabadTG500095IN |
|
7 |
G13315965 |
10387302 |
AXIS BANK LIMITED |
01/11/2012 |
05/11/2012 |
22/09/2016 |
125000000.0 |
6-3-879-B, PULLA REDDY BUILDING, GREENLANDSBEGUMPETHYDERABADAP500016IN |
|
8 |
B69595981 |
10222306 |
State Bank of India |
03/05/2010 |
12/09/2011 |
02/03/2013 |
2500000.0 |
Commercial BranchBank Street, KotiHyderabadAP500095IN |
|
9 |
B69589612 |
10163829 |
State Bank of India (Lead Bank) |
03/06/2009 |
12/09/2011 |
02/03/2013 |
30000000.0 |
Commercial BranchBank Street, KotiHyderabadAP500095IN |
|
10 |
B64677735 |
10159799 |
BANK OF BARODA |
08/04/2009 |
- |
15/12/2012 |
15000000.0 |
BANJARA HILLS BRANCH, 8-2-596/5,ROAD NO.10, BANJARA HILLSHYDERABADAP500034IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Income-tax matters under dispute |
2.787 |
0.407 |
|
Value Added Tax demand under dispute |
4.191 |
0.000 |
|
Luxury tax demand under dispute |
14.845 |
18.845 |
|
Claims against the Company not acknowledged as debt |
28.329 |
19.129 |
|
Total |
50.152 |
38.381 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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 64.85 |
|
UK Pound |
1 |
INR 79.97 |
|
Euro |
1 |
INR 90.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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.
·