|
|
|
MIRA
INFORM REPORT
|
Report No. : |
495735 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NEON LABORATORIES LIMITED (w.e.f. 01.07.1996) |
|
|
|
|
Formerly Known
As : |
NEON LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
140, Damji Shamji Industrial Complex, Mahakali Caves Road, Andheri (East), Mumbai-400093, Maharashtra |
|
Tel. No.: |
91-22-30077000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.06.1982 |
|
|
|
|
Com. Reg. No.: |
11-027493 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 15.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1982PLC027493 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST NO.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN1299D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Seller of Pharmaceutical Products
[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 1830000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Neon Laboratories Limited is a manufacturer and seller of pharmaceutical products. The company was incorporated in the year 1982 and is based in Mumbai, Maharashtra. It is an established company having fine track record.
|
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 Rating = (BBB+) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
31.01.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = (A2) |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
31.01.2018 |
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 10.03.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-30077000]
LOCATIONS
|
Registered/ Corporate Office : |
140, Damji Shamji Industrial Complex, Mahakali Caves Road, Andheri (East), Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
91-22-26875366-72/ 30077000/ 26873502/ 26875369 |
|
Fax No.: |
91-22-26873502 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 57 & 60, The Palghar Taluka Industrial Co-Operative
Estate Limited, Boisar Road, District Palghar, Maharashtra, India |
|
Tel. No.: |
91-2525-304500/ 255075/ 252312 |
|
Fax No.: |
91-2525-256628 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ashok Keshrimal Jain |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
504-505, Kent Gardens TPS III, Factory Lane, Borivali (W), Mumbai - 400092, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2017 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00205810 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Uttam Keshrimal Jain |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
2005 Kent Gardens Tps III, Factory Lane, Borivali (West),
Mumbai-400092, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.02.1954 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B.com |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.06.1982 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AAFPJ1280J |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00205866 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pravin Keshrimal Jain |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
201, Tulsi Tower, TPS Road, Borivali (West), Mumbai-400092, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.03.1964 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B.com |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.02.1996 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
ACWPJ0245J |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00205927 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kishore Champalal Solanki |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
E-7, Ganga Jamuna Society, L T Road, Borivali, Mumbai-400092, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.04.1962 |
||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2015 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AAIPS7231F |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00725398 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Abhay Uttam Jain |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
2005, Kent Gardens, TPS Road, Borivali (West), Mumbai-400092, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.04.1984 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B.com |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.02.2007 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AEAPJ5748L |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01304069 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Usha Kishor Jain |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 6, Krishna Friends CHS Limited, N.S. Road No. 6, JVPD Scheme, Vile Parle (West), Mumbai-400056, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.06.1959 |
||||||||||||||||||||||||||||||||
|
Qualification : |
Doctorate |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2015 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AAEPJ3087A |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01632568 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Seller of Pharmaceutical Products
[Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Standard Chartered Bank 1st Floor, 270 D N Road, Fort, Mumbai-400001, Maharashtra, India · DCB Bank Limited 601 & 602, Peninsula Business Park, 6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India · Bassein Catholic Co-operative Bank Limited Marol Branch, Koshya Apartment, J B Nagar, Andheri (East), Mumbai - 400056, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution: |
· TATA Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Nikhil Gandhi and Company Chartered Accountants |
|
Address : |
303/304, Vyom Arcade, Tejpal Scheme No. 5, Opposite GYS Infinity, Vile Parle (East), Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPG4149D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company: |
· VHB Life Sciences Limited [U74900MH2007PLC171648] · VHB Medi Sciences Limited [U24232MH2007PLC174054] · Korten Pharmaceuticals Private Limited [U24239MH1990PTC058797] |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their relatives: |
· Uttaranchal Biotech Limited [U24233DL2005PLC140455] · Metrex Pharmaceuticals Private Limited [U24230MH2004PTC147834] · Neon Exports · Riddhi Pharmaceuticals Limited [U24230MH1995PLC094749] · Sienna Formulations Private Limited [U24231GJ2003PTC042925] · Surajlok Chemicals Private Limited [U24112MH1991PTC059944] · Shantaben Kesharimal Jain Charitable Trust · Neon Foundation |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1530000 |
Equity Shares |
INR 10/- each |
INR 15.300
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.300 |
15.300 |
15.300 |
|
(b) Reserves & Surplus |
4125.689 |
3574.921 |
3042.343 |
|
(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) |
4140.989 |
3590.221 |
3057.643 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
945.004 |
867.018 |
709.878 |
|
(b) Deferred tax liabilities (Net) |
131.024 |
75.932 |
69.019 |
|
(c)
Other long term liabilities |
0.697 |
106.029 |
108.864 |
|
(d)
long-term provisions |
0.000 |
5.700 |
12.676 |
|
Total
Non-current Liabilities (3) |
1076.725 |
1054.679 |
900.437 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
765.800 |
761.964 |
845.946 |
|
(b)
Trade payables |
447.936 |
489.124 |
262.817 |
|
(c)
Other current liabilities |
302.903 |
330.305 |
383.248 |
|
(d)
Short-term provisions |
0.319 |
117.226 |
67.223 |
|
Total
Current Liabilities (4) |
1516.958 |
1698.619 |
1559.234 |
|
|
|
|
|
|
TOTAL |
6734.672 |
6343.519 |
5517.314 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
842.372 |
700.358 |
684.629 |
|
(ii)
Intangible Assets |
3.013 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
146.658 |
183.507 |
43.384 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
523.500 |
523.500 |
523.500 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
2869.568 |
2936.199 |
2539.949 |
|
(e)
Other Non-current assets |
34.875 |
34.869 |
35.264 |
|
Total
Non-Current Assets |
4419.986 |
4378.433 |
3826.726 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
938.278 |
622.898 |
541.582 |
|
(c)
Trade receivables |
925.402 |
964.278 |
792.093 |
|
(d)
Cash and cash equivalents |
54.162 |
42.903 |
74.234 |
|
(e)
Short-term loans and advances |
371.501 |
321.163 |
265.948 |
|
(f)
Other current assets |
25.343 |
13.844 |
16.731 |
|
Total
Current Assets |
2314.686 |
1965.086 |
1690.588 |
|
|
|
|
|
|
TOTAL |
6734.672 |
6343.519 |
5517.314 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5493.919 |
5078.463 |
4215.907 |
|
|
|
Other Income |
26.732 |
16.984 |
37.197 |
|
|
|
TOTAL |
5520.651 |
5095.447 |
4253.104 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1117.887 |
1077.705 |
1011.675 |
|
|
|
Purchases of Stock-in-Trade |
1417.084 |
1083.233 |
680.761 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(189.358) |
(83.667) |
24.928 |
|
|
|
Employees benefits expense |
750.671 |
653.998 |
545.255 |
|
|
|
CSR expenditure |
6.899 |
12.885 |
20.694 |
|
|
|
Other expenses |
1300.792 |
1224.507 |
986.743 |
|
|
|
TOTAL |
4403.975 |
3968.661 |
3270.056 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1116.676 |
1126.786 |
983.048 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
214.693 |
218.418 |
228.261 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
901.983 |
908.368 |
754.787 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
56.611 |
51.098 |
50.342 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
845.372 |
857.270 |
704.445 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
291.289 |
321.377 |
243.308 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
554.083 |
535.893 |
461.137 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
247.813 |
305.322 |
378.306 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
259.753 |
|
|
|
Capital Goods |
|
|
10.965 |
|
|
TOTAL IMPORTS |
NA |
NA |
270.718 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
362.200 |
350.00 |
301.00 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
68.335 |
91.660 |
149.563 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
731.979 |
563.907 |
175.025 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
374.673 |
294.247 |
(9.975) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
61.48 |
69.30 |
68.58 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.94 |
5.27 |
5.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
64.50 |
82.62 |
56.68 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.19 |
1.81 |
1.82 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.13 |
1.27 |
1.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.38 |
0.42 |
0.44 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.43 |
0.48 |
0.56 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.37 |
0.47 |
0.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.24 |
0.25 |
0.24 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.20 |
5.16 |
4.31 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
10.09 |
10.55 |
10.94 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.23 |
8.45 |
8.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.38 |
14.93 |
15.08 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.53 |
1.16 |
1.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.91 |
0.79 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.61 |
0.57 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
116.28 |
112.46 |
111.46 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.53 |
1.16 |
1.08 |
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 |
15.300 |
15.300 |
15.300 |
|
Reserves & Surplus |
3042.343 |
3574.921 |
4125.689 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3057.643 |
3590.221 |
4140.989 |
|
|
|
|
|
|
long-term borrowings |
709.878 |
867.018 |
945.004 |
|
Short term borrowings |
845.946 |
761.964 |
765.800 |
|
Current Maturities of Long
term debt |
149.563 |
91.660 |
68.335 |
|
Total
borrowings |
1705.387 |
1720.642 |
1779.139 |
|
Debt/Equity
ratio |
0.558 |
0.479 |
0.430 |
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 |
4215.907 |
5078.463 |
5493.919 |
|
|
|
20.460 |
8.181 |
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 |
4215.907 |
5078.463 |
5493.919 |
|
Profit |
461.137 |
535.893 |
554.083 |
|
|
10.94% |
10.55% |
10.09% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
15.300 |
15.300 |
|
(b) Reserves and Surplus |
|
3161.190 |
2681.650 |
|
(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) |
|
3176.490 |
2696.950 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1835.818 |
1919.503 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.746 |
107.157 |
|
(d) long-term
provisions |
|
10.730 |
23.482 |
|
Total Non-current
Liabilities (3) |
|
1847.294 |
2050.142 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1546.585 |
1433.454 |
|
(b) Trade
payables |
|
578.513 |
473.523 |
|
(c) Other
current liabilities |
|
512.878 |
627.134 |
|
(d) Short-term
provisions |
|
7.802 |
117.226 |
|
Total Current
Liabilities (4) |
|
2645.778 |
2651.337 |
|
|
|
|
|
|
TOTAL |
|
7669.562 |
7398.429 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2082.049 |
2007.234 |
|
(ii)
Intangible Assets |
|
638.066 |
634.413 |
|
(iii) Tangible assets
capital work-in-progress |
|
146.840 |
183.507 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.172 |
1.172 |
|
(c) Deferred tax assets (net) |
|
773.846 |
834.262 |
|
(d)
Long-term loans and advances |
|
492.338 |
447.277 |
|
(e) Other
Non-current assets |
|
34.875 |
36.303 |
|
Total Non-Current
Assets |
|
4169.186 |
4144.168 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1772.300 |
1518.345 |
|
(c) Trade
receivables |
|
1090.420 |
1109.213 |
|
(d) Cash and
bank balances |
|
86.095 |
81.488 |
|
(e)
Short-term loans and advances |
|
522.607 |
530.098 |
|
(f) Other
current assets |
|
28.954 |
15.117 |
|
Total
Current Assets |
|
3500.376 |
3254.261 |
|
|
|
|
|
|
TOTAL |
|
7669.562 |
7398.429 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
6227.606 |
5734.223 |
|
|
Other Income |
|
35.526 |
20.384 |
|
|
TOTAL |
|
6263.132 |
5754.607 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1622.124 |
1499.802 |
|
|
Purchases of
Stock-in-Trade |
|
771.758 |
786.634 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(116.575) |
(255.059) |
|
|
Employee benefit expense |
|
1018.339 |
882.949 |
|
|
CSR expenditure |
|
6.899 |
12.885 |
|
|
Other expenses |
|
1638.542 |
1473.181 |
|
|
TOTAL |
|
4941.087 |
4400.392 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
1322.045 |
1354.215 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
398.993 |
418.932 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
923.052 |
935.283 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
137.383 |
131.460 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
|
785.669 |
803.823 |
|
|
|
|
|
|
|
Less |
TAX |
|
302.815 |
304.682 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
482.854 |
499.141 |
|
|
|
|
|
|
|
|
Earnings Per Share (INR) |
|
315.59 |
326.24 |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G78100419 |
100157347 |
STANDARD CHARTERED
BANK |
23/02/2018 |
- |
- |
35000000.0 |
1ST FLOOR, 270 D N
ROADFORTMUMBAIMH400001IN |
|
2 |
G53368924 |
100122569 |
BASSEIN CATHOLIC
CO-OPERATIVE BANK LIMITED |
21/08/2017 |
- |
- |
50000000.0 |
MAROL BRANCH,
KOSHYA APARTMENTJ B NAGAR, ANDHERI (EAST)MUMBAIMH400056IN |
|
3 |
G53685848 |
100123282 |
DCB BANK LIMITED |
11/08/2017 |
- |
- |
50000000.0 |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR,TOWER A, SENAPATI BAPAT MARG, LOWER
PAREL,MUMBAIMA400013IN |
|
4 |
G44509644 |
100099640 |
BASSEIN CATHOLIC
CO-OPERATIVE BANK LIMITED |
28/04/2017 |
- |
- |
20690000.0 |
MAROL BRANCH,
KOSHYA APARTMENTS, GROUND FLOORJ B NAGAR, ANDHERI EASTMUMBAIMH400059IN |
|
5 |
G42120741 |
100092935 |
BASSEIN CATHOLIC
CO-OPERATIVE BANK LIMITED |
31/03/2017 |
- |
- |
9600000.0 |
MAROL BRANCH,
GROUND FLOOR, KOSHYA APARTMENTBAMANPURI ROAD, J B NAGAR,
MAROLMUMBAIMH400059IN |
|
6 |
G43344886 |
100094822 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
07/02/2017 |
25/04/2017 |
- |
75300000.0 |
ONE FORBES,DR. V.
B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
7 |
G01550185 |
100019988 |
DCB BANK LIMITED |
07/04/2016 |
- |
- |
75000000.0 |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR,TOWER A, SENAPATI BAPAT MARG, LOWER
PAREL,MUMBAIMA400013IN |
|
8 |
G10550226 |
100079089 |
STATE BANK OF
INDIA |
10/04/2015 |
- |
- |
5000000000.0 |
INDUSTRIAL FINANCE
BRANCH, 102, 1ST FLOOR, NATRAJ194, M V ROAD, WEH JUNCTION, ANDHERI
(EAST)MUMBAIMH400069IN |
|
9 |
C38732749 |
10539798 |
STATE BANK OF
INDIA |
04/12/2014 |
- |
- |
1367700000.0 |
IFB, NATRAJ
BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI
(E),MUMBAIMH400069IN |
|
10 |
C31057987 |
10526841 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
26/09/2014 |
06/10/2014 |
- |
105000000.0 |
12TH FLOOR, TOWER
A, PENINSULA BUSINESS PARK,GANPATRAO KADAM MARG, LOWER PAREL,MUMBAIMH400013IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred sales tax loan |
47.486 |
52.722 |
|
Deposits from others |
416.084 |
366.050 |
|
Loans and advances from others |
267.875 |
217.143 |
|
|
3.435 |
2.809 |
|
SHORT TERM BORROWINGS |
|
|
|
Deposits from others |
3.435 |
2.809 |
|
|
|
|
|
Total |
734.880 |
638.724 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Guarantees given by bank |
31.683 |
43.372 |
|
Letters of Credit unpaid |
21.322 |
10.072 |
OPERATIONAL REVIEW AND STATE OF COMPANYS
AFFAIRS:
The company has registered progress in terms of growth in its Sales with marginal drop in Profit but have expanded market of its existing products and have also successfully launched new products in Anaesthesia, Criticare, Omacare, Maxicare & March Division. Hospro division of your company has also added few more products to increase its further market share.
The Board is hopeful that in the coming year THE company will continue to make efforts to clock increased sales & profitability despite roll out of Demonetisation and introduction of GST by the Government of India.
RECOGNITION AND AWARDS :
He has to his credit various social activities undertaken by him such as providing of CT Scan Machine and construction of Operation Theatre at Bhagwan Mahavir Hospital, Sumerpur, Rajsthan.
Further, he has also to his credit plantation of around 1000 trees in surrounding area of a Rural village called Palri, Div: Sirohi, Rajsthan and renovation of 2 Government Schools for which, Rajasthan Government has awarded him with the prestigious BHAMASA Award.
He has received five times best exporter award from Govt of Srilanka. He is awarded by Varkhana School for success in Business. He is the Director & FCP Member of Jain International Trade Organisation (JITO) under Goregaon Chapter, Trustee of JATF & Treasurer and Trustee of Shraman Arogyam Trust carrying out various social activities.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipment’s
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 65.08 |
|
UK Pound |
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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.