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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

496628

Report Date :

12.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

A. R. LIFE SCIENCES PRIVATE LIMITED

 

 

Registered Office :

Plot No.150B, Flat No. G-1, Mythreya Apartments, S. R. Nagar, Hyderabad – 500038, Telangana

Tel. No.:

91-40-23097679/65907676

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

23.08.2007

 

 

Com. Reg. No.:

36-055235

 

 

Capital Investment / Paid-up Capital :

INR 35.020 Million

 

 

CIN No.:

[Company Identification No.]

U24232TG2007PTC055235

 

 

IEC No.:

0908008414

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAGCA5553K

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and exporter of a broad range of pharmaceutical intermediates which are extensively used in various pharmaceutical companies and research laboratories. (Registered Activity and also Confirmed by management)

 

 

No. of Employees :

150 (Approximately) 

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2016)

Current Rating

(31.12.2016)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

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.

 

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Suresh

Designation :

Purchase Manager

Contact No.:

91-9985333316

Date :

04.04.2017

 

 

 

LOCATIONS

 

Registered Office :

Plot No.150B, Flat No. G-1, Mythreya Apartments, S. R. Nagar, Hyderabad – 500038, Telangana, India

Tel. No.:

91-40-23097679/65907676

Mobile No.:

91-9985333316 (Mr. Suresh)

Fax No.:

91-40-23140126

E-Mail :

info@arlifesciences.com

nandam_co@yahoo.co.in

Website:

www.arlifesciences.com

 

 

Factory 1 :

Plot No. 338, S. V. Co-Operative Industrial Estate, Jeedimetla, Hyderabad -500055, Telangana, India

Tel. No.:

91-40-23097679

Fax No.:

91-40-23140126

 

 

Factory 2 :

Plot No. 33, S. V. Co-Operative Industrial Estate, Jeedimetla, Hyderabad – 500055, Telangana, India

 

 

DIRECTORS

 

As on 31.03.2016

 

Name :

Kallam Subba Reddy

Designation :

Director

Address :

8-3-677/52, SKD Nagar, Yellareddyguda, Hyderabad – 500073, Telangana, India

Date of Birth/Age :

10.07.1955

Date of Appointment :

23.08.2007

PAN No.:

ALDPK2606E

DIN No.:

01710974

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U51909TG1992PLC014888

DYMES PHARMACHEM LIMITED

01/11/2014

-

 

 

Name :

Kallam Krishna Chaitanya

Designation :

Director

Address :

8-3-677/52, S.K.D. Nagar, Yellareddyguda, S.R. Nagar, Hyderabad – 500073, Telangana, India

Date of Birth/Age :

08.07.1980

Date of Appointment :

23.08.2007

PAN No.:

ARWPK3762G

DIN No.:

01711009

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U51909TG1992PLC014888

DYMES PHARMACHEM LIMITED

01/11/2014

-

U72200TG2015PTC100644

CARROT MONK TECHSOFT PRIVATE LIMITED

08/09/2015

-

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2016

 

Names of Shareholders

No. of Shares

%age holding

Kallam Subba Reddy

1709000

48.80

Kallam Krishna Chaitanya

1109000

31.67

Kallam Basava Kumari

684000

19.53

Total

3502000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2016

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family-Indian)

100.00

Total

100.00

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and exporter of a broad range of pharmaceutical intermediates which are extensively used in various pharmaceutical companies and research laboratories. (Registered Activity and also Confirmed by management)

 

 

Products :

Item Code No.

Product Description

99884300

Pharmaceutical product

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :

  • Germany
  • Italy

 

 

Imports :

 

Products :

Raw Material

Countries :

  • China
  • Japan
  • Germany

 

 

Terms :

 

Selling :

Cheque and Others (RTGS)

 

 

Purchasing :

Cheque and Others (RTGS)

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Hazel Mercantile Limited

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Wholesalers, Retailers and Manufacturer

Reference :

Dr. Reddy’s-Hyderabad

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

150 (Approximately) 

 

 

Bankers :

Bank Name

HDFC Bank Limited

Branch

Hyderabad, Telangana, India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

Secured Loan

31.03.2016

(INR in Million)

31.03.2015

(INR in Million)

Long-term Borrowings

 

 

Term Loan from HDFC Bank

9.672

0.000

HDFC Car Loan

1.526

2.424

Short-term borrowings

 

 

Overdraft facilities from bank

74.414

11.659

Total

85.612

14.083

 

Auditors :

 

Name :

Sudeepthi and Associates

Chartered Accountants

Address :

EWS 221, Road No.3, KPHB Colony, Kukatpally, Hyderabad – 500072, Telangana, India

Tel. No.:

91-40-23045514

E-Mail :

sudeepthi.associates@gmail.com

Income-tax PAN of auditor or auditor's firm :

AYUPK4272G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

 Not Divulged

 

 

CAPITAL STRUCTURE

 

As on 30.09.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

8500000

Equity Shares

INR 10/- each

INR 85.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3502000

Equity Shares

INR 10/- each

INR 35.020 Million

 

 

 

 

 

 

 


 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2016

31.03.2015

31.03.2014

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

35.020

35.020

35.020

(b) Reserves & Surplus

130.686

158.607

43.556

(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)

165.706

193.627

78.576

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

11.198

2.424

51.845

(b) Deferred tax liabilities (Net)

10.444

0.000

2.235

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

21.642

2.424

54.080

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

85.111

22.556

124.084

(b) Trade payables

301.756

203.562

356.859

(c) Other current liabilities

8.478

29.796

4.783

(d) Short-term provisions

40.993

35.752

0.000

Total Current Liabilities (4)

436.338

291.666

485.726

 

 

 

 

TOTAL

623.686

487.717

618.382

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

95.413

29.071

194.579

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.050

67.924

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.108

22.905

0.000

(e) Other Non-current assets

0.000

0.000

2.523

Total Non-Current Assets

98.571

119.900

197.102

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

199.013

29.938

130.179

(c) Trade receivables

208.741

187.619

268.282

(d) Cash and cash equivalents

44.782

102.864

3.039

(e) Short-term loans and advances

68.838

42.159

19.772

(f) Other current assets

3.741

5.237

0.008

Total Current Assets

525.115

367.817

421.280

 

 

 

 

TOTAL

623.686

487.717

618.382

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Income

805.627

1176.671

962.758

 

Other Income

7.980

20.823

0.373

 

TOTAL

813.607

1197.494

963.131

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

678.927

1008.090

758.279

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(35.254)

38.086

42.327

 

Employees benefits expense

49.699

56.148

37.305

 

Other expenses

89.981

109.845

104.732

 

Extraordinary Items

0.000

(185.033)

0.000

 

TOTAL

783.353

1027.136

942.643

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION 

30.254

170.358

20.488

 

 

 

 

 

Less

FINANCIAL EXPENSES

9.591

6.007

21.460

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

20.663

164.351

(0.972)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

14.253

17.292

24.796

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

6.410

147.059

(25.768)

 

 

 

 

 

Less

TAX

3.969

34.008

(0.036)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

2.441

113.051

(25.732)

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

13.494

35.656

0.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

0.70

32.28

(7.36)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

0.898

0.813

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

9.355

(32.154)

Net cash flow from operating activity

NA

1.756

(32.305)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

(PAT / Sales)

(%)

0.30

9.61

(2.67)

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

3.76

14.48

2.13

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.03

30.15

(4.17)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.04

0.76

(0.33)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.59

0.13

2.24

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.20

1.26

0.87

 

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Share Capital

35.020

35.020

35.020

Reserves & Surplus

43.556

158.607

130.686

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

78.576

193.627

165.706

 

 

 

 

long-term borrowings

51.845

2.424

11.198

Short term borrowings

124.084

22.556

85.111

Total borrowings

175.929

24.980

96.309

Debt/Equity ratio

2.239

0.129

0.581

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Sales

962.758

1176.671

805.627

 

 

22.219

(31.533)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Sales

962.758

1176.671

805.627

Profit/ (Loss)

(25.732)

113.051

2.441

 

(2.67%)

9.61%

0.30%

 

 

 

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

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

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

 

COMPANY OVERVIEW

 

The company is based in Hyderabad. The company is the leading manufacturer and exporter of a broad range of pharmaceutical intermediates which are extensively used in various pharmaceutical companies and research laboratories. Using high quality chemicals these intermediates are manufactured which ensure efficacy and no side effect on human health.

 

STATE OF COMPANYS AFFAIRS AND FUTURE OUTLOOK

 

During the year the company has achieved a net turnover of INR 813.607 Million compared to INR 1197.494 Million of previous year. The company gained a profit of INR 6.410 Million after providing for depreciation on fixed assets of INR 14.253 Million.

 

SCHEME OF AMALGAMATION

 

During the financial year 2015-16, A.R. Life Sciences Private Limited (the Transferee Company) and Dymes Pharmachem Limited (the transferor) company vied their Board resolutions dated 11th December, 2015 and 10th December, 2015 respectively have approved to merge the operations subject to approved of various regulatory authorities.

 

Dymes Pharmachem Limited has filed a scheme of amalgamation on 23rd January, 2016 to merge with Transferee company with effect from appointed date i.e. 01st October, 2015 with the Hob’ble High Court of Judicature at Hyderabad for the state of Telangana and the state of Andhra Pradesh pursuant to the provisions under sections 391 to 394 of the Companies Act, 1956.

 

Dymes Pharmachem Limited is engaged in the business of Bulk Drug Manufacturing. The Scheme was approved by the Hon’ble court of Judicature at Hyderabad for the state of Telangana and state of Andhra Pradesh vide its order dates 28th July, 2016 under the provision of section 391 to Section 394 of the companies act, 1956. The company has filed a copy of the order with Registrar of Companies, Andhra Pradesh and Telangana on 21st September, 2016 (effective date).

 

And further Transferor Company being wholly owned subsidiary of the Transferee Company, no shares of the Transferee company shall be allotted in lieu or exchange of its holding in the Transferor Company and the share capital of the Transferor Company shall stand cancelled.

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2016

(INR in Million)

31.03.2015

(INR in Million)

Short-term borrowings

 

 

Loan from directors

10.697

10.897

 

 

 

Total

10.697

10.897

 

 

 

 

 

INDEX OF CHARGES

 

Charges Registered

SNo

SRN

Charge Id

Date of Creation

Date of Modification

Amount

Address

1

C76377803

10614327

02/12/2015

-

62500000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA

2

C76377662

10614326

07/10/2015

-

62500000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA

3

C56431232

10137806

04/12/2008

15/06/2015

215000000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA

4

Y10225997

90133192

07/05/2004

-

2500000.0

SANATHANAGAR HYDERABAD ANDHRA PRADESH 500018 INDIA

 

 

FIXED ASSETS

 

  • Land
  • Building
  • Plant and Machinery
  • Computers
  • Office Equipments
  • Vehicles

 

 

 

 

 


 

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 65.08

UK Pound

1

INR 89.85

Euro

1

INR 80.16

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVT

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

JYTK

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.