|
|
|
MIRA INFORM REPORT
|
Report No. : |
507284 |
|
Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEGA FINE PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sethna Building, 4th Floor, 55, Maharshi Carve Road, Marine
Lines, Mumbai-400002, Maharashtra |
|
Tel. No.: |
91-22-61461111 / 26302513 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.08.1995 |
|
|
|
|
Com. Reg. No.: |
11-092028 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 15.534 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1995PTC092028 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0395048982 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACM7472M1ZZ |
|
|
|
|
TIN No: |
27600410995 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM7472M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the manufacture of Active Pharmaceutical
Ingredients (APIs) and Advanced Pharmaceutical Intermediates. (Registered
Activity) |
|
|
|
|
No. of Employees
: |
Information denied by the 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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995. It is a manufacturer of Active Pharmaceutical Ingredients (APIS) and Advanced Pharmaceutical Intermediates.
|
NOTES:
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Bank Facilities (BBB+) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
15.02.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Bank Facilities (A2+) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
15.02.2018 |
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
31-03-2018.
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 05.05.2018.
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 (Tel. No.:
91-22-61461111)
LOCATIONS
|
Registered / Corporate Office : |
Sethna Building, 4th Floor, 55, Maharshi Carve Road, Marine
Lines, Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-61461111 / 26302513 / 22090666 |
|
Fax No.: |
91-22-61461109 / 22069141 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. 31 to 35, and 48-51/ 20, Lakhmapur, Taluka Dindori, Nashik –
422202, Maharashtra, India |
|
Tel. No.: |
91-2557-250121 |
|
Fax No.: |
91-2557-250586 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Plot No. 911 and 912, 3rd Phase, GIDC, Vapi - 396195,
Gujarat, India |
|
Tel. No.: |
91-260-2400685 |
|
Fax No.: |
91-260-2424622 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ashok Kirtilal Jhaveri |
|
Designation : |
Director |
|
Address : |
193/B, Heera Panna, Bhulabhai Desai Road, Haji Ali, Mumbai - 400026, Maharashtra,
India |
|
Date of Birth/Age : |
23.03.1953 |
|
Date of Appointment : |
22.08.1995 |
|
Qualification: |
Bachelor of Technology in Chemical Engineering |
|
PAN No.: |
AACPJ4491N |
|
DIN No.: |
00187516 |
|
|
|
|
Name : |
Mr. Hasmukh Purushottam Gandhi |
|
Designation : |
Director |
|
Address : |
Flat No. 82, Tower-A, Kalpataru Residency, Opposite Cine Planet, Sion (East), Mumbai - 400022, Maharashtra, India |
|
Date of Birth/Age : |
08.08.1951 |
|
Date of Appointment : |
14.04.2000 |
|
PAN No.: |
AEOPG8109A |
|
Qualification: |
Bsc. Chem |
|
DIN No.: |
00193181 |
|
|
|
|
Name : |
Mr. Shailesh Jethmal Sanghvi |
|
Designation : |
Director |
|
Address : |
1002, 10th Floor, Sumer Trinity Tower-1, New Prabhadevi Road, Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
20.08.1968 |
|
Date of Appointment : |
22.08.1995 |
|
Qualification: |
B.Com & BMS |
|
PAN No.: |
AAEPS1864N |
|
DIN No.: |
00194775 |
KEY EXECUTIVES
|
Name : |
R.M. Mimani and Associates LLP |
|
Designation : |
Company Secretary |
|
Address : |
A-101, Excellency, Old Raviraj Complex, Jessal Park, Bhayander (East),
Thane – 401105, Maharashtra, India |
|
Tel. No: |
91-22-69999914 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
58.44 |
|
Public - Individual/Hindu Undivided Family – Indian |
41.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged in the manufacture of Active Pharmaceutical
Ingredients (APIs) and Advanced Pharmaceutical Intermediates. (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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||||
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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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No. of Employees : |
Information denied by the management |
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Jain Ambavat and Associates Chartered Accountants |
|
Address : |
10, Cemox House
3rd Floor, 7 Barrack, Road,
Opposite Bombay Hospital, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-11-22817463 / 22820549 |
|
PAN No.: |
AAAFJ1780E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Wholly Owned
Subsidiary Company: |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners
with Key management
personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1553445 |
Equity Shares |
INR 10/- each |
INR 15.534
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.534 |
15.534 |
15.534 |
|
(b) Reserves and Surplus |
1368.809 |
1247.254 |
1031.375 |
|
(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) |
1384.343 |
1262.788 |
1046.909 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
142.392 |
28.136 |
35.490 |
|
(b) Deferred tax liabilities (Net) |
1.454 |
1.641 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
143.846 |
29.777 |
35.490 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
266.652 |
284.795 |
268.718 |
|
(b) Trade
payables |
312.846 |
255.274 |
301.189 |
|
(c) Other
current liabilities |
72.954 |
122.979 |
99.749 |
|
(d) Short-term
provisions |
42.601 |
79.716 |
92.369 |
|
Total Current
Liabilities (4) |
695.053 |
742.764 |
762.025 |
|
|
|
|
|
|
TOTAL |
2223.242 |
2035.329 |
1844.424 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
525.177 |
547.473 |
508.503 |
|
(ii)
Intangible Assets |
1.025 |
1.612 |
2.414 |
|
(iii) Tangible assets
capital work-in-progress |
310.869 |
95.586 |
61.638 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11.697 |
11.678 |
11.678 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.905 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
848.768 |
656.349 |
585.138 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
634.512 |
598.120 |
535.817 |
|
(c) Trade
receivables |
478.637 |
512.523 |
454.154 |
|
(d) Cash and
bank balances |
25.207 |
34.639 |
28.408 |
|
(e)
Short-term loans and advances |
4.362 |
5.481 |
7.549 |
|
(f) Other
current assets |
231.756 |
228.217 |
233.358 |
|
Total
Current Assets |
1374.474 |
1378.980 |
1259.286 |
|
|
|
|
|
|
TOTAL |
2223.242 |
2035.329 |
1844.424 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1854.343 |
2067.506 |
2168.214 |
|
|
Other Income |
99.641 |
50.644 |
68.721 |
|
|
TOTAL |
1953.984 |
2118.150 |
2236.935 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
654.519 |
795.355 |
992.336 |
|
|
Purchases of
Stock-in-Trade |
229.308 |
198.907 |
181.922 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.675) |
(99.345) |
(108.478) |
|
|
Employee benefit expense |
297.862 |
301.012 |
215.979 |
|
|
Other expenses |
507.378 |
492.186 |
501.276 |
|
|
TOTAL |
1683.392 |
1698.131 |
1783.035 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
270.592 |
420.019 |
453.900 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.869 |
38.638 |
40.880 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
245.723 |
381.381 |
413.020 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
86.466 |
86.836 |
81.773 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
159.257 |
294.545 |
331.247 |
|
|
|
|
|
|
|
Less |
TAX |
37.702 |
78.503 |
96.201 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
121.555 |
216.042 |
235.046 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Export Sales (C.I.F.
Basis) |
1498.861 |
1428.265 |
1413.515 |
|
|
TOTAL EARNINGS |
1498.861 |
1428.265 |
1413.515 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
78.25 |
139.07 |
128.49 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
36.000 |
35.033 |
46.800 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
213.545 |
297.925 |
294.737 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
178.545 |
209.925 |
189.737 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
94.21 |
90.48 |
76.45 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.87 |
4.03 |
4.77 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
129.20 |
93.71 |
93.62 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.43 |
0.70 |
0.85 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.32 |
0.65 |
0.79 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.39 |
0.40 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.32 |
0.28 |
0.34 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.50 |
0.59 |
0.73 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.60 |
0.51 |
0.55 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
10.88 |
10.87 |
11.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
6.56 |
10.45 |
10.84 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
5.47 |
10.61 |
12.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
8.78 |
17.11 |
22.45 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.98 |
1.86 |
1.65 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.06 |
1.05 |
0.95 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.62 |
0.62 |
0.57 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
28.65 |
22.40 |
22.60 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.98 |
1.86 |
1.65 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
15.534 |
15.534 |
15.534 |
|
Reserves & Surplus |
1031.375 |
1247.254 |
1368.809 |
|
Net
worth |
1046.909 |
1262.788 |
1384.343 |
|
|
|
|
|
|
Long-term borrowings |
35.490 |
28.136 |
142.392 |
|
Short term borrowings |
268.718 |
284.795 |
266.652 |
|
Current maturities of
long-term debts |
46.800 |
35.033 |
36.000 |
|
Total
borrowings |
351.008 |
347.964 |
445.044 |
|
Debt/Equity
ratio |
0.335 |
0.276 |
0.321 |
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 |
2168.214 |
2067.506 |
1854.343 |
|
|
|
(4.645) |
(10.310) |
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 |
2168.214 |
2067.506 |
1854.343 |
|
Profit/ (Loss) |
235.046 |
216.042 |
121.555 |
|
|
10.84
% |
10.45
% |
6.56
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
15.534 |
15.534 |
|
(b) Reserves and Surplus |
1379.683 |
1258.164 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1395.217 |
1273.698 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
142.392 |
28.136 |
|
(b) Deferred tax liabilities (Net) |
1.454 |
1.641 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
143.846 |
29.777 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
266.652 |
284.795 |
|
(b) Trade
payables |
301.799 |
244.184 |
|
(c) Other
current liabilities |
72.978 |
123.011 |
|
(d) Short-term
provisions |
42.601 |
79.716 |
|
Total Current
Liabilities (4) |
684.030 |
731.706 |
|
|
|
|
|
TOTAL |
2223.093 |
2035.181 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
525.177 |
547.473 |
|
(ii)
Intangible Assets |
12.460 |
13.047 |
|
(iii) Tangible assets
capital work-in-progress |
310.867 |
95.586 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.020 |
0.001 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
Total Non-Current
Assets |
848.524 |
656.107 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a) Current
investments |
0.000 |
0.000 |
|
(b)
Inventories |
634.513 |
598.120 |
|
(c) Trade
receivables |
478.637 |
512.523 |
|
(d) Cash and
bank balances |
25.255 |
34.687 |
|
(e)
Short-term loans and advances |
4.362 |
5.481 |
|
(f) Other
current assets |
231.802 |
228.263 |
|
Total
Current Assets |
1374.569 |
1379.074 |
|
|
|
|
|
TOTAL |
2223.093 |
2035.181 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
1854.343 |
2067.506 |
|
|
Other Income |
99.641 |
50.646 |
|
|
TOTAL |
1953.984 |
2118.152 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
654.519 |
795.355 |
|
|
Purchases of
Stock-in-Trade |
229.308 |
198.907 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.675) |
(99.345) |
|
|
Employee benefit expense |
297.862 |
301.012 |
|
|
Other expenses |
507.413 |
502.238 |
|
|
TOTAL |
1683.427 |
1698.167 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
270.557 |
419.985 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.870 |
38.639 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
245.687 |
381.346 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
86.466 |
86.836 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
159.221 |
294.510 |
|
|
|
|
|
|
Less |
TAX |
37.701 |
78.503 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
121.520 |
216.007 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
78.44 |
139.05 |
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 two/ 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
The Company is doing its existing business to the optimum use of resources and is taking the effort to improve its Earning per Share (EPS). At present the company is executing the expansion as proposed in previous year in existing business line. With certain modifications, the company is engaged in setting up New API blocks & ETP at Vapi, ETP plant at Nashik, Debottlenecking of existing Plants etc. The merger proposal of its 100% subsidiary company Vaid Die Casting Private Limited, with our company is pending with NCLT for approval.
NATURE OF BUSINESS
The Company is engaged in the manufacture of Active Pharmaceutical Ingredients (APIs) and Advanced Pharmaceutical Intermediates at its Nashik and Vapi plants.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B37894151 |
10350830 |
HDFC BANK LIMITED |
26/04/2012 |
- |
- |
140000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G05546239 |
10007239 |
State Bank of India |
13/06/2006 |
17/05/2016 |
- |
621400000.0 |
Backbay Reclamation Branch, Tulsiani Chambers,Free Press Journal Marg, Nariman Point,MumbaiMH400021IN |
|
3 |
B42415109 |
90160084 |
CANARA BANK |
21/02/2002 |
- |
06/06/2012 |
3223000.0 |
OVERSEAS BRANCH; DALAMAL TOWERNARIMAN POINTMUMBAIMH400021IN |
|
4 |
B42413864 |
90160114 |
CANARA BANK |
05/06/2002 |
- |
06/06/2012 |
800000.0 |
OVERSEAS BRANCH; DALAMAL TOWER; GROUND FLOORNARIMAN POINTMUMBAIMH400021IN |
|
5 |
B42408641 |
90160003 |
CANARA BANK |
16/03/2001 |
- |
06/06/2012 |
5000000.0 |
VITHALWADIKALBADAVIMUMBAIMH400002IN |
|
6 |
B42411256 |
90159973 |
CANARA BANK |
31/10/2000 |
- |
06/06/2012 |
3200000.0 |
VITHALWADI BRANCHMUMBAIMH400002IN |
|
7 |
B42412650 |
90159990 |
CANARA BANK |
05/01/2001 |
- |
06/06/2012 |
3300000.0 |
VITHALWADIKALBADAVIMUMBAIMH400002IN |
|
8 |
A06292288 |
90160214 |
CANARA BANK |
29/09/2003 |
28/10/2004 |
20/11/2006 |
27000000.0 |
OVERSEAS BRANCH; DALAMAL TOWERNARIMAN POINTMUMBAIMH400021IN |
FIXED ASSETS:
Tangible Asset:
- Land
- Buildings
- Plant and equipment
- Vehicles
- Office equipment
- Computer equipments
- Furniture and
Fixture
Intangible Asset:
- Computer software
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 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 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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.