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|
|
MIRA INFORM REPORT
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Report No. : |
498561 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
METROCHEM API PRIVATE LIMITED [w.e.f.06.11.2003] |
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Formerly Known
As : |
METRO CHEM ACTIVE PHARMACEUTICAL INGREDIENTS PRIVATE LIMITED |
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Registered
Office : |
7-1-638 to 643, 643/1, Flat No. 302, Beside ESI Hospital, Erragadda,
Hyderabad – 500038, Telangana |
|
Tel. No.: |
91-40-23700421/ 23813969/ 23812317 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.07.2002 |
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Com. Reg. No.: |
36-039223 |
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Capital
Investment / Paid-up Capital : |
INR 193.500 Million |
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|
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CIN No.: [Company Identification
No.] |
U24239TG2002PTC039223 |
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IEC No.: |
0904011470 |
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TIN No.: |
36720163389 |
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GST No.: |
36AADCM2691M1Z2 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCM2691M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Manufacturing of Bulk Drugs, Intermediates, etc. · Manufacturing of Drug Pellets. [Registered Activity] |
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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 |
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Maximum Credit Limit : |
USD 3806000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2002. It is a Manufacturer of
Active Pharmaceutical Ingredients [APIs], Pellets [Semi finished
Formulations] and Intermediates. As per the financial records of 2017, the company has achieved a
decent growth of 31.28% in its revenue as compared to the previous year and
has earned an average net profit margin of 4.16%. The company possesses healthy financial position marked by above
average net worth base along with acceptable debt level and fair liquidity
position. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
INDIA RATING |
|
Rating |
Long term Loans = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
31.03.2017 |
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Short term Loans = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
31.03.2017 |
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 17.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (91-40-23700421)
91-40-23813969 Continuously Ringing
LOCATIONS
|
Registered Office : |
7-1-638 to 643, 643/1, Flat No. 302, Beside ESI Hospital, Erragadda, Hyderabad
– 500038, Telangana, India |
|
Tel. No.: |
91-40-23700421/ 23813969/ 23812317 |
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Fax No.: |
91-40-23705088 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Venkateswara Rao Nandepu |
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|
Designation : |
Managing Director |
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|
Address : |
H. No. 7-1-63, Flat No:204, Millennum Royal, Block-A,
Dharam Karam Road, Opposite Chella Nursing Home Lane, Ameerpet 500016,
Telangana, India |
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Date of Birth/Age : |
17.12.1963 |
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Qualification : |
M.S.C (Phd) |
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Date of Appointment : |
01.07.2002 |
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PAN No.: |
ABVPN5924C |
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DIN No.: |
00092757 |
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Other Directorship:
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Name : |
Mr. Veera Venkata Rama Vijaya Lakshmi Nandepu |
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Designation : |
Director |
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|
Address : |
H.No:7-1-63, Flat No:204, Millenium Royal, Block-A, Dharamkaram
Road, Ameer Pet, Hyderabad 500016, Telangana, India |
||||||||||||
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Date of Birth/Age : |
16.06.1964 |
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Qualification : |
B.S.C |
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PAN No.: |
ADPPN8205L |
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Date of Appointment : |
01.10.2004 |
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DIN No.: |
00092882 |
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Other Directorship:
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Name : |
Mr. Nalla Surya Prakash Rao |
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Designation : |
Director |
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Address : |
8-3-167/D/204, F-1, Sri Sadan Apartments, Kalyannagar, X
Roads, Vengalaraonagar, Hyderabad 500003, Telangana, India |
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Date of Birth/Age : |
25.04.1964 |
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Qualification : |
M.SC (Organics) |
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PAN No.: |
ABFPN1345K |
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Date of Appointment : |
01.07.2002 |
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DIN No.: |
00092929 |
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Other Directorship:
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Name : |
Mr. Nalla Hymavathi |
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Designation : |
Director |
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Address : |
8-3-167/D/204, F-1,Sri Sadan Apartments, Kalyannagar X Roads,
Vengalarao Nagar, Hyderabad 500003, Telangana, India |
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Date of Birth/Age : |
07.09.1973 |
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Qualification : |
B.S.C |
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Date of Appointment : |
17.09.2003 |
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PAN No.: |
ABUPN8695F |
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DIN No.: |
00093000 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Venkateswara Rao Nandepu |
7740000 |
40.00 |
|
Nalla Hymavathi |
7740000 |
40.00 |
|
Nalla Surya Prakash Rao |
1935000 |
10.00 |
|
Veera Venkata Rama Vijaya Lakshmi Nandepu |
1935000 |
10.00 |
|
|
|
|
|
Total |
19350000 |
100.00 |
AS ON 29.09.2017
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturing of Bulk Drugs, Intermediates, etc. · Manufacturing of Drug Pellets. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – (AS ON 31.03.2017)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
BULK DRUGS
& APIS DIVISION |
|
|
|
|
|
APIs |
(Qty.-MTS) |
-- |
-- |
727.12 |
|
Intermediates |
(Qty.-MTS) |
-- |
-- |
278.52 |
|
Total |
|
-- |
-- |
1005.64 |
|
PELLETS DIVISION |
|
|
|
|
|
Pellets |
(Qty.-MTS) |
-- |
-- |
2039.25 |
|
TOTAL |
|
-- |
-- |
2773.00 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· State Bank of India · HDFC Bank Limited |
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Facilities : |
(INR
In Million)
|
|
Financial Institutions : |
· Reliance Capital Limited "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India · Edelweiss Retail Finance Limited |
|
|
|
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Auditors : |
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|
Name : |
P.S.N. Ravishanker and Associates Chartered Accountants |
|
Address : |
Flat No. 205, 2nd Floor, B-Block, Kushal Towers, Khairatabad, Hyderabad-500004, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFP1611J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Party : |
Synergene Active Ingredients Private Limited [U24239TG2005PTC047137] |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19350000 |
Equity Shares |
INR 10/- each |
INR 193.500 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 |
193.500 |
193.500 |
183.500 |
|
(b) Reserves & Surplus |
1138.658 |
930.498 |
724.447 |
|
(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) |
1332.158 |
1123.998 |
907.947 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
629.158 |
704.385 |
326.112 |
|
(b) Deferred tax liabilities
(Net) |
105.128 |
78.286 |
23.559 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
11.875 |
10.170 |
7.643 |
|
Total
Non-current Liabilities (3) |
746.161 |
792.841 |
357.314 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1020.940 |
721.196 |
426.085 |
|
(b) Trade payables |
1969.429 |
1558.193 |
1139.545 |
|
(c) Other current liabilities |
156.327 |
123.114 |
28.926 |
|
(d) Short-term provisions |
59.478 |
46.300 |
75.764 |
|
Total
Current Liabilities (4) |
3206.174 |
2448.803 |
1670.320 |
|
|
|
|
|
|
TOTAL |
5284.493 |
4365.642 |
2935.581 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1537.248 |
1351.827 |
365.379 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
206.863 |
311.747 |
726.314 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.003 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
52.115 |
123.830 |
186.452 |
|
Total
Non-Current Assets |
1796.229 |
1787.404 |
1278.145 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
853.416 |
702.052 |
417.718 |
|
(c) Trade receivables |
2161.264 |
1492.043 |
1022.216 |
|
(d) Cash and cash equivalents |
184.268 |
124.192 |
60.863 |
|
(e) Short-term loans and
advances |
34.585 |
27.513 |
17.561 |
|
(f) Other current assets |
254.731 |
232.438 |
139.078 |
|
Total
Current Assets |
3488.264 |
2578.238 |
1657.436 |
|
|
|
|
|
|
TOTAL |
5284.493 |
4365.642 |
2935.581 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Revenue from Operations |
5222.807 |
3978.388 |
2821.209 |
|
|
|
|
Other Income |
26.603 |
32.645 |
16.375 |
|
|
|
|
TOTAL (A) |
5249.410 |
4011.033 |
2837.584 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
3417.335 |
2838.217 |
1879.831 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(21.863) |
(215.895) |
(27.368) |
|
|
|
|
Employees benefits expense |
386.382 |
299.200 |
195.475 |
|
|
|
|
CSR Expenditure |
0.173 |
0.271 |
0.823 |
|
|
|
|
Extraordinary Items |
0.247 |
0.000 |
(3.666) |
|
|
|
|
Other expenses |
792.915 |
618.947 |
440.676 |
|
|
|
|
TOTAL (B) |
4575.189 |
3540.740 |
2485.771 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
674.221 |
470.293 |
351.813 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
262.813 |
141.749 |
87.564 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
411.408 |
328.544 |
264.249 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
108.063 |
61.465 |
32.878 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
303.345 |
267.079 |
231.371 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
86.319 |
101.028 |
77.222 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
217.026 |
166.051 |
154.149 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
Export Earnings [FOB basis] |
1148.700 |
926.400 |
743.500 |
|
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
11.22 |
8.58 |
8.40 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
129.035 |
109.762 |
15.664 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
682.148 |
511.179 |
180.746 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
568.978 |
377.506 |
90.815 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
151.04 |
136.89 |
132.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.42 |
2.67 |
2.76 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
210.35 |
200.39 |
221.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.79 |
0.67 |
0.84 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.39 |
0.28 |
0.32 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.75 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.34 |
1.37 |
0.85 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.41 |
2.18 |
1.84 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.31 |
1.48 |
1.20 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.57 |
3.32 |
4.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.16 |
4.17 |
5.46 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.11 |
3.80 |
5.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.29 |
14.77 |
16.98 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.09 |
1.05 |
0.99 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.82 |
0.77 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.26 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.19 |
7.93 |
4.18 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.09 |
1.05 |
0.99 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
183.500 |
193.500 |
193.500 |
|
Reserves & Surplus |
724.447 |
930.498 |
1138.658 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
907.947 |
1123.998 |
1332.158 |
|
|
|
|
|
|
Long-term borrowings |
326.112 |
704.385 |
629.158 |
|
Short term borrowings |
426.085 |
721.196 |
1020.940 |
|
Current Maturities of Long
term debt |
15.664 |
109.762 |
129.035 |
|
Total
borrowings |
767.861 |
1535.343 |
1779.133 |
|
Debt/Equity
ratio |
0.846 |
1.366 |
1.336 |
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 |
2821.209 |
3978.388 |
5222.807 |
|
|
|
41.017 |
31.279 |
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 |
2821.209 |
3978.388 |
5222.807 |
|
Profit |
154.149 |
166.051 |
217.026 |
|
|
5.46% |
4.17% |
4.16% |
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 |
INDEX OF CHARGES:
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G47075783 |
100105946 |
HDFC BANK LIMITED |
05/05/2017 |
- |
- |
400000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G48464903 |
100087902 |
EDELWEISS RETAIL FINANCE LIMITED |
21/02/2017 |
29/06/2017 |
- |
11311083.0 |
EDELWEISS HOUSE, OFF. C.S.T ROAD,KALINAMUMBAIMA400098IN |
|
3 |
G13749999 |
100053165 |
SVC CO-OPERATIVE BANK LTD |
04/08/2016 |
- |
- |
50000000.0 |
GROUND FLOOR,"GOLECHHA ARCADE",1-2-61&62,PARK LANESECUNDERABADTG500003IN |
|
4 |
G07581671 |
100038815 |
HDFC BANK LIMITED |
30/05/2016 |
- |
- |
400000000.0 |
EMERGING CORPORATES GROUP, 1-10-60/34TH FLOOR, "SURYODAYA", BEGUMPETHYDERABADTG500016IN |
|
5 |
G07423015 |
100038248 |
HDFC BANK LIMITED |
27/05/2016 |
- |
- |
1311000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
G04109864 |
100028251 |
HDFC BANK LIMITED |
12/05/2016 |
- |
- |
1830000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
G04194619 |
100028511 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
10/03/2016 |
- |
- |
32014224.0 |
WARDEN HOUSE 2ND FLOORSIR P M ROADFORTMUMBAIMA400001IN |
|
8 |
C78549730 |
10619210 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
22/01/2016 |
- |
- |
19360000.0 |
130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMH400018IN |
|
9 |
C81305864 |
10625122 |
HDFC BANK LIMITED |
30/11/2015 |
- |
- |
742200.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
C69801660 |
10601883 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
24/09/2015 |
- |
- |
52700000.0 |
130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMH400018IN |
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM
BORROWING |
|
|
|
Term loans from others |
75.144 |
225.295 |
|
|
|
|
|
Total |
75.144 |
225.295 |
STATE OF COMPANYS
AFFAIRS AND FUTURE OUTLOOK
PERFORMANCE REVIES
During the year under consideration, the company has achieved the gross turnover amounting INR 5700.100 Million as against INR 4352.500 Million during the previous year (exports sales achieved for INR 1164.600 Million as against INR 966.400 Million during the previous year), registered a growth of 30.96 % and achieved net Profit before depreciation and taxes INR 411.400 Million as against INR 328.600 Million during the previous year.
During the previous year, company has penetrated into new international markets with new and existing products, registered the growth of 20.51% in exports sales and 33.94% in domestic sales. During the previous year, company has introduced few new products as per the market demand and expected to launch few more during the current year.
FUTURE PROSPECTUS AND
OUTLOOK
The future outlook of API and Drug Pellets industry continues to be bright and encouraging. The company proposes to utilize the opportunity by optimum utilization of available production facilities and products. Management is been focusing more on getting the all regulatory approvals for Visakhapatnam API production facility during the current year for better utilization. The directors expect that the company will achieve new heights in the coming years.
CONTINGENT
LIABILITIES: [AS ON 31.03.2017]
The contingent liabilities in respect of un-expired letters of credit of INR 446.200 Million issued by SBI & Syndicate Bank (INR 240.900 Million + INR 197.500 Million + INR 1.700 Million + INR 6.100 Million) on behalf of the company and Bank Guarantees of INR 31.600 Million Crores issued by SBI in favour of NSIC Limited under Raw material assistance scheme in respect of materials purchase from suppliers and Government Departments aggregating to INR 477.800 Million (Previous year INR 430.400 Million) (both Letter of Credit & Bank Guarantees) against overall limit of INR 700.000 Million (inland and foreign).
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 64.87 |
|
|
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
RUP |
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.
·