|
|
|
MIRA INFORM REPORT
|
Report No. : |
495248 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SARACA LABORATORIES LIMITED |
|
|
|
|
Formerly Known
As : |
SARACA LABORATORIES PRIVATE LIMITED (w.e.f. 02.05.1989) V C R DRUGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 320, 1st Floor, Swamy Ayyappa Co-Operative, Housing Society
Limited, Maadhapur, Hyderabad-500081, Telangana |
|
Tel. No.: |
91-40-23112689 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.01.1988 |
|
|
|
|
Com. Reg. No.: |
36-008172 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 80.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85195TG1988PLC008172 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0991007859 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
28940115205 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS8240H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Basic Drugs and Intermediates. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
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 3500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1988. The company manufactures a
single API, ranitidine which is used in drugs to treat peptic ulcer. As per the financial records of 2017, the company has achieved a fair
growth of 18.42% as compared to the previous year and has reported an average
net profit margin of 6.24%. The rating takes into consideration the sound financial position of
the company marked by healthy net worth base along with strong debt coverage indicator
due to low debt balance sheet profile and comfortable liquidity position. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered good for normal
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 |
CRISIL |
|
Rating |
Long term loans: A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
21.11.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term loans: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
21.11.2017 |
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 06.03.2018
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.
LOCATIONS
|
Registered/ Corporate
Office : |
Plot No. 320, 1st Floor, Swamy Ayyappa Co-Operative, Housing Society Limited,
Maadhapur, Hyderabad-500081, Telangana, India |
|
Tel. No.: |
91-40-23112689/ 690 |
|
Fax No.: |
91-40-23112691 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Survey No. 10,
Gaddapotharam Village, Jinnaram Mandal, Medak District-502319, Telangana,
India |
|
Tel. No.: |
91-7702301723/ 27 |
|
Fax No. : |
91-8458-277189/
277128 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Subramanyam Reddy Puthana |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8-2-469/C C-2, Road No.5, Banjara Hills, Hyderabad-500034, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.05.1945 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate or Higher |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.12.1994 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAVPL5579L |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00268514 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Venkata Subba Reddy Lingareddy |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8-2-293/82/A/435/A, Road No.20, Jubilee Hills, Hyderabad-500033, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1941 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate or Higher |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.03.1992 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAVPL5579L |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00268559 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sree Phani Kumar Reddy Mallidi |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No 3, S L N Lumbini Springs, Kothaguda, Shaikpet, Jubilee Hills, Hyderabad- 500033, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.10.1971 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate or Higher |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.05.1997 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00307899 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Maha Vishnu Mundla |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.15A, Road No.2, Jubilee Hills, Hyderabad-500033, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.02.1987 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate or Higher |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.02.2006 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AMWPM8438Q |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02470664 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Hemanth Nandigala |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
550, Road No.19, Jubilee Hills, Hyderabad -500033, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.01.1974 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate or higher |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01561731 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACAPN0908Q |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nandigala Prasanth |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
550, Road No.19, Jubilee Hills, Hyderabad -500033, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.04.1972 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate or higher |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01740471 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABYPN4171A |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Gargi Pammi |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.435A, Road No.20, Jubilee, Hyderabad -500082, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2017 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01744011 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Venkata Sunil Lingareddy |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.435 A, Road No.20, Jubilee Hills, Hyderabad-500034, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.07.1974 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate or Higher |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.04.2000 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAVPL0898G |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00268393 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2016
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
76.65 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
23.35 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Basic Drugs and Intermediates. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
P
Murali and Company Chartered Accountants |
|
Address : |
6-3-655/2/3,
Somajiguda, Hyderabad, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFP2033K |
|
|
|
|
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: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
80.000 |
80.000 |
80.000 |
|
(b) Reserves and Surplus |
1140.919 |
929.236 |
718.693 |
|
(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) |
1220.919 |
1009.236 |
798.693 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.185 |
22.539 |
56.470 |
|
(b) Deferred tax liabilities (Net) |
112.914 |
92.548 |
71.974 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.925 |
2.007 |
1.843 |
|
Total Non-current
Liabilities (3) |
116.024 |
117.094 |
130.287 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
132.594 |
251.122 |
292.251 |
|
(b) Trade
payables |
436.864 |
389.638 |
299.608 |
|
(c) Other
current liabilities |
0.254 |
0.246 |
0.356 |
|
(d) Short-term
provisions |
187.458 |
164.251 |
162.989 |
|
Total Current
Liabilities (4) |
757.170 |
805.257 |
755.204 |
|
|
|
|
|
|
TOTAL |
2094.113 |
1931.587 |
1684.184 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
730.457 |
683.837 |
585.958 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
56.866 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.192 |
0.192 |
0.192 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
35.384 |
26.019 |
34.439 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
766.033 |
710.048 |
677.455 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
323.335 |
279.003 |
302.672 |
|
(c) Trade
receivables |
837.425 |
815.455 |
596.689 |
|
(d) Cash and
bank balances |
10.445 |
9.994 |
10.076 |
|
(e)
Short-term loans and advances |
1.586 |
1.288 |
0.616 |
|
(f) Other current
assets |
155.289 |
115.799 |
96.676 |
|
Total
Current Assets |
1328.080 |
1221.539 |
1006.729 |
|
|
|
|
|
|
TOTAL |
2094.113 |
1931.587 |
1684.184 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3390.243 |
2862.922 |
2654.113 |
|
|
Other Income |
37.132 |
21.706 |
24.465 |
|
|
TOTAL |
3427.375 |
2884.628 |
2678.578 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2281.052 |
1831.940 |
1790.245 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
9.374 |
6.343 |
(55.455) |
|
|
Employee benefit expense |
160.640 |
112.536 |
89.319 |
|
|
Other expenses |
544.985 |
507.783 |
185.212 |
|
|
TOTAL |
2996.051 |
2458.602 |
2319.278 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
431.324 |
426.026 |
359.300 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
20.919 |
32.108 |
26.606 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
410.405 |
393.918 |
332.694 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
75.362 |
71.673 |
53.263 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
335.043 |
322.245 |
279.431 |
|
|
|
|
|
|
|
Less |
TAX |
123.360 |
111.702 |
100.488 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
211.683 |
210.543 |
178.943 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
26.46 |
26.32 |
22.37 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.255 |
0.231 |
0.254 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
154.300 |
145.715 |
191.544 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
154.300 |
145.715 |
191.544 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
90.16 |
103.96 |
82.06 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.05 |
3.51 |
4.45 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
69.90 |
77.63 |
61.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.33 |
1.53 |
1.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.59 |
0.62 |
0.56 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.36 |
0.43 |
0.48 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.11 |
0.27 |
0.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.62 |
0.80 |
0.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.60 |
0.68 |
0.80 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
20.62 |
13.27 |
13.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.24 |
7.35 |
6.74 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
10.11 |
10.90 |
10.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.34 |
20.86 |
22.40 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.75 |
1.52 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.33 |
1.17 |
0.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.58 |
0.52 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.66 |
3.42 |
4.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.75 |
1.52 |
1.33 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
80.000 |
80.000 |
80.000 |
|
Reserves & Surplus |
718.693 |
929.236 |
1140.919 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
798.693 |
1009.236 |
1220.919 |
|
|
|
|
|
|
Long-term borrowings |
56.470 |
22.539 |
0.185 |
|
Short term borrowings |
292.251 |
251.122 |
132.594 |
|
Current maturities of
long-term debts |
0.254 |
0.231 |
0.255 |
|
Total
borrowings |
348.975 |
273.892 |
133.034 |
|
Debt/Equity
ratio |
0.437 |
0.271 |
0.109 |
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 |
2654.113 |
2862.922 |
3390.243 |
|
|
|
7.867 |
18.419 |
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 |
2654.113 |
2862.922 |
3390.243 |
|
Profit/ (Loss) |
178.943 |
210.543 |
211.683 |
|
|
6.74
% |
7.35
% |
6.24
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 8-2-348/2,
COC Building, Road No. 3, Beside Administrative Staff College, Banjara Hills,
Hyderabad-500034, Andhra Pradesh, India to the present address w.e.f 01.04.2011
PROJECT IMPLEMENTATION
The 2016-17 performances. The Turnover of the year has recorded at INR 3390.243 Million, with a growth of just 16% in line with industry, and the Other Income is INR 37.132 Million. The profit during the year is INR 335.043 Million against INR 322.245 Million during 2015-16. This increases is due to export growth.
During the year NMSM Capacity is increased at Pydibhimavaram Unit, to become a full fledged unit for in Ranitidine Manufacturer. Presently they are the largest manufacturer of RANITIDINE HCL in the world.
They are pleased to indicate that their unit has obtained USFDA, Iran Government approved and Austrian TGA Qualification etc. and exporting to over 24 Countries.
The unit has registration of Certificate of Suitability, which will help in obtaining orders directly from Europe.
During the year 2006-07 their product is approved by M/s. Glaxco, the originate of Ranitidine. Now they the only supplier to M/S. Glaxo, India.
With this they are covering 85% of Indian Market of Ranitidne HCL. This is possible due to their efficiency and Volume.
Their Unit is approved for for Glaxo International supplies and supplies started.
They have established Gabapentin Production on regular basis.
The company has full fledged R & D and Pilot Plant for taking up New Products and Process development of existing products. They have successfully developed Gaba Pentin and manufacturing intermediates for Promypexol and Donepezil to APOTEX, CANADA. As a forward integration.
The export performance during the year 2016-17 is INR 1196.273 Million.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
0.000 |
22.100 |
|
Total |
0.000 |
22.100 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
Y10211773 |
90118968 |
STATE BVANK OF
HYDERABAD |
28/03/2000 |
- |
400000.0 |
PUNJAGUTTA
BRANCHHYDERABADAPIN |
|
2 |
Y10211771 |
90118966 |
STATE BANK OF
HYDERABAD |
16/03/2000 |
- |
5000000.0 |
PUNJAGUTTA
BRANCHHYDERABADAPIN |
|
3 |
Y10206850 |
90114045 |
STATE BANK OF
HYDERABAD |
19/04/1996 |
- |
4700000.0 |
PUNJAGUTTA
BRANCHHYDERABADAPIN |
|
4 |
G33689506 |
90118489 |
STATE BANK OF
HYDERABAD |
30/08/1994 |
05/03/2016 |
710000000.0 |
D. NO. 6/3/542/2,
ROSE MADEPANJAGUTTAHYDERABADTG500082IN |
|
5 |
Y10212207 |
90119402 |
ANDHRA BANK |
10/06/1991 |
- |
1000000.0 |
POMAJIGUDAHYDERABADAPIN |
|
6 |
Y10211161 |
90118356 |
A P S F C.
HYDERABAD |
10/01/1991 |
- |
3970000.0 |
CHISAG ALI
LANEHYDERABADAPIN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- 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,
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 65.05 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KVT |
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.