|
|
|
MIRA INFORM REPORT
|
Report No. : |
496453 |
|
Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
VITAL LABORATORIES PRIVATE LIMITED (w.e.f. 01.11.2016) |
|
|
|
|
Formerly Known
As : |
VITAL HEALTH CARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Plot No. 48, Service Road, Western Express Highway, Near Hanuman Temple (N.H.8), Vile Parle (East), Mumbai – 400057, Maharashtra |
|
Tel. No.: |
91-22-26183641/26136946 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.01.1998 |
|
|
|
|
Com. Reg. No.: |
11-113058 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 87.530 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1998PTC113058 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0398063371 |
|
|
|
|
CST/ TIN No.: |
27741466763 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV3964F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACV3964F2Z7 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 3657000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Vital Laboratories Private Limited was incorporated in the year 1998. As per available financials for the year 2017, the company has achieved revenue growth of 26.66% as compared to the previous year along with a profit margin of 12.67%. The sound financial risk profile of the company is marked by adequate net worth base along with strong debt protection metrics due to negligible debt level. Rating takes into account the subject’s long established track record of business operations along with extensive experience of its promoters. Payments seems to be regular. In view of aforesaid, the company can be considered good for normal business dealings at usual trade terms and conditions. Note: The company Vital Laboratories Private Limited [CIN No.: U24230MH2002PTC136195] has been amalgamated and merged with Vital Health Care Private Limited [CIN No: U24230MH1998PTC113058] in June 2015 after that the name of the amalgamated company has been changed to “Vital Laboratories Private Limited” [CIN No.: U74110MH1998PTC113058] in November 2016. Later, the CIN number of the subject changed from U74110MH1998PTC113058 to U24100MH1998PTC113058. |
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 Borrowing=BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
31.08.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Borrowing=A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
31.08.2017 |
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 12.03.2018
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 PARTED BY
|
Name : |
Mr. Sachin Tammewar |
|
Designation : |
Assistant Manager Finance |
|
Contact No.: |
91-22-26183641 |
|
Date : |
08.03.2018 |
LOCATIONS
|
Registered Office/ Corporate Office : |
2nd Floor, Plot No. 48, Service Road, Western Express Highway, Near Hanuman Temple (N.H.8), Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26183641/26136946 |
|
Fax No.: |
91-22-26136945 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory 1: |
Plot No. 1710 and A1/2208, G.I.D.C. Estate, Phase III, Vapi – 396195
Gujarat, India |
|
Fax No.: |
91-260-2401497 |
|
|
|
|
Factory 2: |
Plot No. 1416-21, 1507, 1601, 1601/3 and 4, G.I.D.C. Estate, Phase III, Vapi – 396 195 Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Laltaprasad Shreenath Maurya |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Ashok Nagar, Chanod Colony, Vapi-396195, Gujarat, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.07.1955 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B.A |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.05.2015 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AMEPM0790M |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00202949 |
||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Anil Balkrishna Ghogare |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Flat No 104, 1st Floor, Rajanigandha Corporate Housing Society, Plot No 106, Gorai 2, Borivali (West), Mumbai-400091, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1960 |
||||||||||||||||||||||||||||||||
|
Qualification : |
MBA, PHD |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.09.2014 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AFGPG6904A |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00432659 |
||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shrigopal Rangnath Bajaj |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Venkatesh, Mahant Road Extension, Uttkarsh Mandal Circle, Vile Parle (East), Mumbai-400057, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.01.1943 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B SC |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2001 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AAAPB7785R |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00983198 |
||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajiv Shrigopal Bajaj |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Venkatesh, 2nd Floor, Mahant Road. Extention, Uttkarsh Mandal Circle, Vileparle – (East), Mumbai-400057, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.01.1965 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B SC |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2001 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AAEPB3748C |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01659971 |
||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ninad Vijay Sawant |
|
Designation : |
Company Secretary |
|
Address : |
407/B, Shetrunji Apartment, Sahakar Gram Ashok Nagar, Kandivali (East), Mumbai-400101, Maharashtra, India |
|
Date of Appointment
: |
01.08.2017 |
|
PAN No.: |
CGZPS6622R |
|
|
|
|
Name : |
Mr. Sachin Tammewar |
|
Designation : |
Assistant Manager Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Dipika
R. Bajaj |
|
684856 |
|
Ginni Devi Bajaj |
|
972126 |
|
Rajiv S. Bajaj |
|
1283958 |
|
Rajiv S. Bajaj (HUF) |
|
581850 |
|
Shrigopal R. Bajaj |
|
1126500 |
|
Shrigopal R. Bajaj (HUF) |
|
752362 |
|
Padma Pharmaceuticals Private Limited |
|
2872701 |
|
L. P. Maurya |
|
1750 |
|
Nabaratna Vinimay Private Limited |
|
476595 |
|
Vijay Saraf |
|
297 |
|
Total |
|
8752995 |
As on 26.05.2017
|
Names of Allottee |
|
No. of Shares |
|
Padma Pharmaceuticals Private Limited |
|
357142 |
|
Total |
|
357142 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
61.74 |
|
Promoters (Body corporate) |
38.26 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cheque and Others (NEFT/ RTGS) |
||||
|
|
|
||||
|
Purchasing : |
Cheque and Others (NEFT/ RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
400 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Shantilal Chandaliya and Company Chartered Accountants |
|
Address : |
G-6/7, Amit Industrial Estate, Dr. S.S. Rao Road, , Near Citi Tower, Parel (East), Mumbai – 400012, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAXFS7579M |
|
|
|
|
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
After 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9500000 |
Equity Shares |
INR 10/- each |
INR 95.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9110137 |
Equity Shares |
INR 10/- each |
INR 91.101
Million |
|
|
|
|
|
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9500000 |
Equity Shares |
INR 10/- each |
INR 95.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8752995 |
Equity Shares |
INR 10/- each |
INR 87.530
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
87.530 |
87.530 |
79.625 |
|
(b) Reserves and Surplus |
1157.681 |
769.743 |
688.638 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
35.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1280.211 |
857.273 |
768.263 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
573.469 |
433.430 |
440.392 |
|
(b) Deferred tax liabilities (Net) |
80.481 |
54.639 |
36.665 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.088 |
3.694 |
3.068 |
|
Total Non-current
Liabilities (3) |
658.038 |
491.763 |
480.125 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
501.311 |
845.494 |
887.039 |
|
(b) Trade
payables |
275.910 |
274.305 |
199.394 |
|
(c) Other
current liabilities |
281.517 |
177.101 |
179.716 |
|
(d) Short-term
provisions |
0.508 |
6.436 |
20.828 |
|
Total Current
Liabilities (4) |
1059.246 |
1303.336 |
1286.977 |
|
|
|
|
|
|
TOTAL |
2997.495 |
2652.372 |
2535.365 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1171.270 |
893.984 |
732.429 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
53.827 |
17.830 |
52.103 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.030 |
0.030 |
0.030 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term
loans and advances |
34.868 |
37.755 |
32.709 |
|
(e) Other
Non-current assets |
11.629 |
8.086 |
6.338 |
|
Total Non-Current
Assets |
1271.624 |
957.685 |
823.609 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
720.585 |
946.773 |
997.040 |
|
(c) Trade
receivables |
717.250 |
486.863 |
364.556 |
|
(d) Cash and
bank balances |
111.114 |
105.975 |
91.563 |
|
(e)
Short-term loans and advances |
120.991 |
133.156 |
181.034 |
|
(f) Other
current assets |
55.931 |
21.920 |
77.563 |
|
Total
Current Assets |
1725.871 |
1694.687 |
1711.756 |
|
|
|
|
|
|
TOTAL |
2997.495 |
2652.372 |
2535.365 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3062.746 |
2417.969 |
2294.749 |
|
|
Other Income |
8.043 |
15.075 |
18.658 |
|
|
TOTAL |
3070.789 |
2433.044 |
2313.407 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1455.711 |
1463.803 |
1490.808 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
173.566 |
170.987 |
94.144 |
|
|
Employee benefit expense |
205.017 |
124.284 |
109.916 |
|
|
CSR expenditure |
0.061 |
0.000 |
0.000 |
|
|
Other expenses |
479.426 |
324.933 |
277.621 |
|
|
TOTAL |
2313.781 |
2084.007 |
1972.489 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
757.008 |
349.037 |
340.918 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
103.342 |
127.778 |
133.897 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
653.666 |
221.259 |
207.021 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
111.703 |
97.649 |
84.669 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
541.963 |
123.610 |
122.352 |
|
|
|
|
|
|
|
Less |
TAX |
154.025 |
34.600 |
26.490 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
387.938 |
89.010 |
95.862 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
44.32 |
10.17 |
12.04 |
Expected Sales (2017-2018) : INR 3600.000 Million
The above information has been parted by Mr. Sachin Tammewar (Assistant
Manager Finance)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
103.546 |
82.067 |
89.207 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
727.453 |
304.474 |
250.960 |
|
Net cash flow from operating activity |
692.613 |
406.504 |
346.831 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
85.48 |
73.49 |
57.99 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.27 |
4.97 |
6.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
69.18 |
68.40 |
48.82 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.05 |
0.37 |
0.34 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.62 |
0.38 |
0.43 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.58 |
0.69 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.92 |
1.59 |
1.84 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.83 |
1.52 |
1.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.96 |
1.06 |
1.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.33 |
2.73 |
2.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
12.67 |
3.68 |
4.18 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.94 |
3.36 |
3.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
30.30 |
10.38 |
12.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.63 |
1.30 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.95 |
0.57 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.43 |
0.32 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
13.46 |
15.55 |
17.79 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.63 |
1.30 |
1.33 |
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 |
79.625 |
87.530 |
87.530 |
|
Reserves & Surplus |
688.638 |
769.743 |
1157.681 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
35.000 |
|
Net
worth |
768.263 |
857.273 |
1280.211 |
|
|
|
|
|
|
Long-term borrowings |
440.390 |
433.429 |
573.469 |
|
Short term borrowings |
887.039 |
845.494 |
501.311 |
|
Current maturities of
long-term debts |
89.207 |
82.067 |
103.546 |
|
Total
borrowings |
1416.636 |
1360.990 |
1178.326 |
|
Debt/Equity
ratio |
1.844 |
1.588 |
0.920 |
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 |
2294.749 |
2417.969 |
3062.746 |
|
|
|
5.370 |
26.666 |
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 |
2294.749 |
2417.969 |
3062.746 |
|
Profit/ (Loss) |
95.862 |
89.010 |
387.938 |
|
|
4.18% |
3.68% |
12.67% |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY INFORMATION
The Company is a leading manufacturer and supplier of traditional and new generational API to the National and International pharmaceutical community by offering stable and high quality products, on continuous innovation and development.
Within a span of 20 years it has evolved itself into a plant covering area of 24,757 sq. mtr. of land with building of 3,10,336 sq. feet and manufacturing 525 Tons p.a. with an impressive clientele list of all major Indian Pharmaceutical companies and exporters of formulations. With exports being done to all continents, we have become a force to reckon with.
Financial Strength, Reliable indigenous technology flavored with Constant innovation, a keen mind open to new ideas and experiments coupled with Crystal Clear business practices and self confidence brimming to the hilt are VITAL secrets of this stupendous growth.
OPERATIONS
The Company has reported total revenue of INR 3070.789 Million for the current year as compared to INR 2433.044 Million in the previous year. The Net Profit for the year amounted to INR 387.938 Million in the current year as compared to INR 89.010 Million in the previous year.
CHANGE IN THE NATURE
OF BUSINESS:
There is no material change in the Nature of Business being done by the company in the year under reporting as compared to the previous ended 31.03.2016. During the year company has taken initative to go green by setting up a 2MW Wind Mill project in Rojmal, Gujarat. Company is confident that this step will contribute towards saving the climate change. During the year, the Company completed the process of merger with Vital Laboratories Private Limited (Amalgamated company) CIN: U24230MH2002PTC136195.
CHANGE IN SHARE
CAPITAL
During the year the company has issued 4950995 shares pursuant to the scheme of Amalgamation on 12/09/2016.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
80.857 |
74.975 |
|
Loans and advances from others |
204.341 |
251.370 |
|
Total |
285.198 |
326.345 |
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
G75235663 |
100150472 |
DBS BANK LIMITED |
11/01/2018 |
120000000.0 |
2ND FLOOR, SHREE AMBICA AUTO GIDC BHATPORE, OPPOSITE ONGC HAZIRA, SURAT – 394510, GUJARAT, INDIA |
|
2 |
G75237297 |
100150479 |
DBS BANK LIMITED |
11/01/2018 |
280000000.0 |
2ND FLOOR, SHREE AMBICA AUTO GIDC BHATPORE, OPPOSITE ONGC HAZIRA, SURAT – 394510, GUJARAT, INDIA |
|
3 |
G42254441 |
100093304 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
31/03/2017 |
51988070.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI – 400018, MAHARASHTRA, INDIA |
|
4 |
G42670950 |
100094313 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
30/03/2017 |
23396969.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI – 400018, MAHARASHTRA, INDIA |
|
5 |
G41989526 |
100092515 |
ICICI BANK LIMITED |
25/03/2017 |
500000000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE, OLD PADRA ROAD, VADODARA – 390007, GUJARAT INDIA |
|
6 |
G41351453 |
100090709 |
THE SARASWAT CO-OP BANK LTD |
22/03/2017 |
15000000.0 |
ANDHERI EAST BRANCH, 33 SHIV CHHAYA SIR MV ROAD OPPOSITE ARASA HOTEL ANDHERI (EAST), MUMBAI – 400069, MAHARASHTRA, INDIA |
|
7 |
G35980655 |
100077420 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
27/01/2017 |
9466875.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI – 400018, MAHARASHTRA INDIA |
|
8 |
G35980333 |
100077419 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
30/12/2016 |
18116857.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI – 400018, MAHARASHTRA INDIA |
|
9 |
C50531813 |
10562521 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
31/03/2015 |
13500000.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI – 400018, MAHARASHTRA INDIA |
|
10 |
B89476568 |
10460058 |
AXIS BANK LIMITED |
09/11/2013 |
1249000.0 |
TRISHUL 3RD FLOOR OPPOSITE SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGE AHMEDABAD – 380006, GUJARAT, INDIA |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- 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 65.07 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--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.