|
|
|
MIRA INFORM REPORT
|
Report No. : |
498065 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PSYCHOTROPICS INDIA LIMITED (w.e.f. 25.03.1998) |
|
|
|
|
Formerly Known
As : |
PSYCHOTROPICS INDIA PRIVATE LIMITED |
|
|
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Registered
Office : |
Plot No. 17, Sector 20A, Faridabad-121001, Haryana |
|
Mobile No.: |
91-9810889628 (Mr. Siddharth Chawla) |
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|
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|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2017 |
|
|
|
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Date of
Incorporation : |
18.12.1996 |
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|
|
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Com. Reg. No.: |
05-083911 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 35.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85194HR1996PLC071264 [New] U85194DL1996PLC083911 [Old] |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
06921208942 |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
06AAACP3834G1ZN |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACP3834G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing and marketing of pharmaceutical formulations. [Registered Activity] |
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|
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No. of Employees
: |
Not Divulged
[We tried to confirm the number of employees but no one is ready to part any
information from the company management] |
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 3203000 |
|
|
|
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1996. The company is a
manufacturer and exporter of pharmaceutical formulations. As per the financial records of 2017, the company has achieved 9.99%
growth in its revenue as compared to the previous year’s revenue and has
reported a fair net profit margin of 9.37%. The company possesses sound financial position marked by healthy
networth base along with debt coverage indicator due to low debt balance
sheet profile and comfortable liquidity position. Rating takes into consideration the company’s favourable Earnings Per
Share (EPS) of INR 52.71 as against its Face Value (FV) of INR 10. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings
at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
|
Date |
13.02.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
13.02.2018 |
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 21.03.2018.
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 BY
|
Name : |
Mr. Siddharth Chawla |
|
Designation : |
Director |
|
Contact No.: |
91-9810889628 |
|
Date : |
20.03.2018 |
MANAGEMENT NON-COOPERATIVE (Tel. No.:91-129-2282691
/ 2296764)
Tel. No.:91-1334-239307 / 308 (Incorrect number)
LOCATIONS
|
Registered Office / Corporate Office : |
Plot No. 17, Sector 20A, Faridabad-121001, Haryana, India |
|
Tel. No.: |
91-129-2282691 / 2296764 |
|
Mobile No.: |
91-9810889628 (Mr. Siddharth Chawla) |
|
Fax No.: |
91-129-2296764 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. 46 and 49, Sector-6A, IIE, Sidcul Industrial Area, BHEL,
Ranipur, Haridwar- 249403, Uttarakhand, India |
|
Tel. No.: |
91-1334-660800 |
|
|
|
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Factory 2 : |
Plot No.12 and 12A, Industrial Park II, Salempur, Mehdood-2, Haridwar- 249403, Uttarakhand, India |
|
Tel. No.: |
91-1334-660900 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Navdeep Chawla |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H No.216, Sector-15, Faridabad – 121002, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
11.08.1956 |
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Qualification : |
Graduation |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
18.12.1996 |
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PAN No.: |
ACEPC5489R |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00286448 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Siddharth Chawla |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H No.216, Sector-15, Faridabad – 121002, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
09.01.1982 |
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|
Qualification : |
Post graduation |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
31.03.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
ACRPC2703R |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00286771 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sajan Kumar Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H.No.1443, Sector-14, Faridabad – 121007, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.12.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00061401 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Amita Chawla |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H No.216, Sector-15, Faridabad – 121002, Haryana, India |
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Date of Birth/Age : |
09.01.1982 |
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Qualification : |
Post graduation |
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Date of Appointment : |
31.12.2008 |
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PAN No.: |
AACPC1895R |
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DIN No.: |
00287138 |
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Other Directorship:
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Name : |
Mr. Kishan Chand Lakhani |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
H. No-1278, Sector-14, Faridabad -121007, Haryana, India |
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Date of Appointment : |
21.03.2016 |
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DIN No.: |
00476229 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Deepak Arora |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 692, Sector-15, Faridabad -121007, Haryana, India |
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|
Date of Appointment : |
14.03.2015 |
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DIN No.: |
00906766 |
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Other Directorship:
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Siddharth Chawla |
|
160294 |
|
Amita Chawla |
|
304635 |
|
Navdeep Chawla |
|
1152338 |
|
Geetika Chawla |
|
96031 |
|
Neha Chawla |
|
648 |
|
Psychotropics Leasing and Finance (Private) Limited, India |
|
1509467 |
|
Navdeep Chawla and Sons (HUF) |
|
276587 |
|
Total |
|
3500000 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
7.90 |
|
Promoters - Bodies corporate |
43.13 |
|
Promoters - Others (director and their relatives) |
48.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and marketing of pharmaceutical formulations. [Registered Activity] |
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Products / Services
: |
|
||||
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|
||||
|
Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
||||
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|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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||||||||||||||||||||||
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No. of Employees : |
Not Divulged
[We tried to confirm the number of employees but no one is ready to part any
information from the company management] |
||||||||||||||||||||||
|
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|
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Satish Gupta and Associates Chartered Accountant |
|
Address : |
H.No. 1060, Sector-16, Faridabad, Haryana, India |
|
PAN No.: |
AAPPG8334C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Company : |
Psychotropics Leasing and Finance Private Limited CIN No.: U74899DL1994PTC063811 |
|
|
|
|
Subsidiary Company : |
CIN No.: U24233DL2007PTC164529
CIN No.: U24232RJ2005PTC021074 |
|
|
|
|
Enterprises over which
Key managerial personnel and their Relatives having significant influence : |
|
|
|
|
|
Others : |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3750000 |
Equity Shares |
INR 10/- each |
INR 37.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
INR 10/- each |
INR 35.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
35.000 |
22.609 |
22.609 |
|
(b) Reserves &
Surplus |
1085.875 |
926.442 |
760.167 |
|
(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) |
1120.875 |
949.051 |
782.776 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
25.450 |
21.162 |
48.644 |
|
(b) Deferred tax
liabilities (Net) |
3.818 |
8.811 |
5.873 |
|
(c) Other long term
liabilities |
8.672 |
8.808 |
9.154 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
37.940 |
38.781 |
63.671 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
112.050 |
138.124 |
211.937 |
|
(b) Trade payables |
219.384 |
264.239 |
165.494 |
|
(c) Other current
liabilities |
40.026 |
68.430 |
65.270 |
|
(d) Short-term provisions |
61.378 |
56.367 |
39.031 |
|
Total Current Liabilities
(4) |
432.838 |
527.160 |
481.732 |
|
|
|
|
|
|
TOTAL |
1591.653 |
1514.992 |
1328.179 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
685.163 |
628.518 |
545.343 |
|
(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 |
39.141 |
23.231 |
23.231 |
|
(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 |
22.334 |
30.136 |
15.113 |
|
Total Non-Current Assets |
746.638 |
681.885 |
583.687 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
291.664 |
244.017 |
199.324 |
|
(c) Trade receivables |
307.125 |
335.580 |
253.141 |
|
(d) Cash and cash equivalents |
82.242 |
87.237 |
166.101 |
|
(e) Short-term loans and
advances |
163.984 |
166.273 |
125.926 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
845.015 |
833.107 |
744.492 |
|
|
|
|
|
|
TOTAL |
1591.653 |
1514.992 |
1328.179 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1969.662 |
1790.769 |
1558.356 |
|
|
Other Income |
7.287 |
9.096 |
5.306 |
|
|
TOTAL |
1976.949 |
1799.865 |
1563.662 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1137.302 |
999.056 |
844.712 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(56.563) |
(7.241) |
(0.794) |
|
|
Employees benefits
expense |
281.953 |
233.813 |
190.820 |
|
|
CSR expenditure |
3.348 |
2.059 |
0.000 |
|
|
Other expenses |
287.773 |
268.831 |
247.063 |
|
|
TOTAL |
1653.813 |
1496.518 |
1281.801 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
323.136 |
303.347 |
281.861 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
13.301 |
13.190 |
27.118 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
309.835 |
290.157 |
254.743 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
81.461 |
64.580 |
94.420 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
228.374 |
225.577 |
160.323 |
|
|
|
|
|
|
|
Less |
TAX |
43.898 |
51.123 |
36.508 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
184.476 |
174.454 |
123.815 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
181.402 |
115.844 |
105.661 |
|
|
TOTAL EARNINGS |
181.402 |
115.844 |
105.661 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
52.71 |
77.16 |
54.76 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
6.511 |
44.695 |
41.960 |
|
Net cash flows from (used in) operations |
238.198 |
230.648 |
170.030 |
|
Net cash flows from (used in) operating activities |
238.198 |
230.648 |
136.425 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
56.91 |
68.40 |
59.29 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
6.41 |
5.34 |
6.16 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
70.41 |
96.54 |
71.51 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.11 |
1.24 |
1.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.47 |
0.48 |
0.52 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.29 |
0.39 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.13 |
0.21 |
0.39 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.39 |
0.56 |
0.62 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.61 |
0.66 |
0.70 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
24.29 |
23.00 |
10.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
9.37 |
9.74 |
7.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.59 |
11.52 |
9.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.46 |
18.38 |
15.82 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.95 |
1.58 |
1.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.28 |
1.12 |
1.13 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.70 |
0.63 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.11 |
9.02 |
13.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.95 |
1.58 |
1.55 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
22.609 |
22.609 |
35.000 |
|
Reserves & Surplus |
760.167 |
926.442 |
1085.875 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
782.776 |
949.051 |
1120.875 |
|
|
|
|
|
|
Long-term borrowings |
48.644 |
21.162 |
25.450 |
|
Short term borrowings |
211.937 |
138.124 |
112.050 |
|
Current Maturities of
Long term debt |
41.960 |
44.695 |
6.511 |
|
Total borrowings |
302.541 |
203.981 |
144.011 |
|
Debt/Equity ratio |
0.386 |
0.215 |
0.128 |
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 |
1558.356 |
1790.769 |
1969.662 |
|
|
|
14.914 |
9.990 |
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 |
1558.356 |
1790.769 |
1969.662 |
|
Profit |
123.815 |
174.454 |
184.476 |
|
|
7.95% |
9.74% |
9.37% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
35.000 |
22.609 |
|
(b) Reserves &
Surplus |
|
1152.880 |
990.832 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
(3) Minority interest |
|
30.654 |
24.296 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1218.534 |
1037.737 |
|
|
|
|
|
|
(4) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
37.753 |
21.162 |
|
(b) Deferred tax liabilities
(Net) |
|
5.054 |
7.752 |
|
(c) Other long term
liabilities |
|
8.672 |
8.808 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
51.479 |
37.722 |
|
|
|
|
|
|
(5) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
112.050 |
138.124 |
|
(b) Trade payables |
|
240.195 |
330.834 |
|
(c) Other current
liabilities |
|
53.931 |
71.320 |
|
(d) Short-term provisions |
|
69.129 |
69.571 |
|
Total Current Liabilities
(4) |
|
475.305 |
609.849 |
|
|
|
|
|
|
TOTAL |
|
1745.318 |
1685.308 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
777.965 |
681.286 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
2.081 |
2.082 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
31.640 |
32.151 |
|
Total Non-Current Assets |
|
811.686 |
715.519 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
334.019 |
284.556 |
|
(c) Trade receivables |
|
338.953 |
393.869 |
|
(d) Cash and cash
equivalents |
|
104.997 |
103.434 |
|
(e) Short-term loans and
advances |
|
155.663 |
187.930 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
933.632 |
969.789 |
|
|
|
|
|
|
TOTAL |
|
1745.318 |
1685.308 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
2241.590 |
2099.480 |
|
|
Other Income |
|
6.233 |
12.536 |
|
|
TOTAL |
|
2247.823 |
2112.016 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1319.493 |
1188.205 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(64.516) |
1.008 |
|
|
Employees benefits
expense |
|
309.139 |
257.314 |
|
|
Other expenses |
|
329.294 |
291.383 |
|
|
TOTAL |
|
1893.410 |
1737.910 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
354.413 |
374.106 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
13.489 |
14.309 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
340.924 |
359.797 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
88.538 |
71.860 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
252.386 |
287.937 |
|
|
|
|
|
|
|
Less |
TAX |
|
52.852 |
64.281 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
199.534 |
223.656 |
|
|
|
|
|
|
|
Add |
Minority interest |
|
(6.358) |
(10.893) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) FOR THE
PERIOD |
|
193.176 |
212.763 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
55.19 |
60.79 |
LEGAL
CASE
HIGH COURT
|
ARISTO PHARMACEUTICALS PV T. LTD. VS PSYCHOTROPICS INDIA L TD. |
|
high court-Mumbai |
|
Case no:913. NMS/1648/2011 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE RAJESH G. KETKAR |
|
Date:2011-06-23T00:00:00Z |
HIGH COURT
|
ARISTO PHARMACEUTICALS PV T. LTD. VS PSYCHOTROPICS INDIA TD. TO UNDEFENDANT SUITPER SERVICE SR.MASTER ORDER DTD.19122011 |
|
high court-Mumbai |
|
Case no:951. S/1027/2011 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
|
Date:2013-02-25T00:00:00Z |
HIGH COURT
|
ARISTO PHARMACEUTICALS PV T. LTD. VS PSYCHOTROPICS INDIA TD. IS DECREED ON 01032013 SR. MASTER ORDER DT.19122011.AFF.OF & SR.MASTER |
|
high court-Mumbai |
|
Case no:939. S/1027/2011 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
|
Date:2013-03-25T00:00:00Z |
HIGH COURT
|
MS PFIZER PRODUCTS INCE & ANR Vs. PSYCHOTROPICS INDIA LTD |
|
high court-Delhi |
|
Case no:CS(OS) 2714/2015 |
|
Case status:Pending |
|
Judge:HON BLE MR. JUSTICE R.K.GAUBA |
|
Date:2016-11-23 |
HIGH COURT
|
MS PFIZER PRODUCTS INCE & ANR Vs. PSYCHOTROPICS INDIA LTD |
|
high court-Delhi |
|
Case no:CS(OS) 2714/2015 AT 02.15 PM |
|
Case status:Pending |
|
Judge:HON BLE MR. JUSTICE NAVIN CHAWLA |
|
Date:2017-10-30 |
HIGH COURT
|
MS PFIZER PRODUCTS INCE AND ANR Vs. PSYCHOTROPICS INDIA LTD |
|
high court-Delhi |
|
Case no:CS(OS) 2714/2015 I.A. 1548/2016 |
|
Case status:Pending |
|
Judge:HON BLE MR. JUSTICE V. KAMESWAR RAO |
|
Date:16/03/30 |
HIGH COURT
|
MS PFIZER PRODUCTS INCE & ANR Vs. PSYCHOTROPICS INDIA LTD |
|
high court-Delhi |
|
Case no:CS(OS) 2714/2015 |
|
Case status:Pending |
|
Judge:HON BLE MR. JUSTICE R.K.GAUBA |
|
Date:2017-02-15 |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from F-89, Green Park, New Delhi-110016, India to the present address w.e.f. 03.10.2017.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G27642123 |
100063023 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
30/11/2016 |
- |
- |
10945600.0 |
Ramon House 169, Backbay Reclamation, H T Parekh Marg, Mumbai-400020, Maharashtra, India |
|
2 |
G04193652 |
10588617 |
HDFC BANK LIMITED |
09/07/2015 |
22/03/2016 |
- |
270000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
3 |
G04196275 |
10520099 |
HDFC BANK LIMITED |
26/07/2014 |
22/03/2016 |
- |
106500000.0 |
E-13/29, 2nd Floor, Harsha Bhavan, Middle Circle, Connaught Place, New Delhi-110001, India |
|
4 |
C74345398 |
10209559 |
State Bank of India |
22/09/2008 |
21/03/2015 |
03/12/2015 |
40000000.0 |
SME Branch, Sec-5 BHEL, Ranipur, Hardwar-249403, Uttarakhand, India |
|
5 |
C74376476 |
10575363 |
State Bank of India |
21/03/2015 |
- |
03/12/2015 |
20000000.0 |
SME Branch, Sec-5 BHEL, Ranipur, Hardwar-249403, Uttarakhand, India |
|
6 |
C74350364 |
10234524 |
State Bank of India |
22/09/2008 |
21/03/2015 |
03/12/2015 |
11000000.0 |
SME Branch, Sec-5 BHEL, Ranipur, Hardwar-249403, Uttarakhand, India |
|
7 |
C64824295 |
80004055 |
State Bank of India |
04/01/2006 |
19/01/2015 |
31/08/2015 |
254400000.0 |
SME Branch, Sec-5 BHEL, Ranipur, Hardwar-249403, Uttarakhand, India |
|
8 |
A18922369 |
80033442 |
ALLAHABAD BANK |
09/02/2000 |
13/05/2004 |
28/06/2007 |
6700000.0 |
Main Branch, Faridabad-121004, Haryana, India |
|
9 |
A18707885 |
80033441 |
ALLAHABAD BANK |
21/03/1998 |
18/03/2004 |
28/06/2007 |
5500000.0 |
Main Branch, Faridabad-121004, Haryana, India |
|
10 |
A01409853 |
90035598 |
ALLAHABAD BANK |
27/12/1999 |
- |
26/05/2006 |
0.0 |
Main Branch, Faridabad-121004, Haryana, India |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
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 65.20 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.