|
|
|
MIRA INFORM REPORT
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Report No. : |
507805 |
|
Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
THYROCARE TECHNOLOGIES LIMITED |
|
|
|
|
Registered
Office : |
D-37/1, TTC Industrial Area, MIDC, Turbhe, Navi Mumbai - 400703,
Maharashtra |
|
Tel. No.: |
91-22-41252525 |
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|
Country : |
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Financials (as
on) : |
31.03.2018 |
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|
|
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Date of
Incorporation : |
28.01.2000 |
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|
|
|
Com. Reg. No.: |
11-123882 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 537.240 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L85110MH2000PLC123882 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0301031533 |
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TIN No.: |
27610262337 |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCT2577P1ZP |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AABCT2577P |
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
The company is engaged in providing quality diagnostic
services at affordable costs to laboratories, hospitals and cancer patients.
[Registered Activity] |
|
|
|
|
No. of Employees
: [As on
31.03.2017] |
808 (Approximately) |
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Exist |
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Comments : |
Subject is a well-known company incorporated in the year 2000. It is a fully automated diagnostic laboratory having its strong presence in more than 2000 cities and towns in India and internationally. As per the financial record of 2018, the company has achieved a favourable growth of 10.58% in its revenue as compared to the previous year’s revenue and has reported a decent profitability margin of 28.95%. Rating takes into consideration sound financial risk profile of the company marked by strong net worth base along with debt free balance sheet profile and fair liquidity parameter. The company has its share price trading at around INR 642.60 on BSE as on May 5, 2018 as against the Face Value (FV) of INR 10. Business is active. Payment terms are regular and as per commitments. In a view of strong financial conditions, the company can be considered for business dealings with 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 08.05.2018.
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 DECLINED
MANAGEMENT NON CO-OPERATIVE (Tel No.91-22-41252525/ 30900000/ 27682409)
LOCATIONS
|
Registered /
Corporate Office: |
D-37/1, TTC Industrial Area, MIDC, Turbhe, Navi Mumbai – 400703,
Maharashtra, India |
|
Tel. No.: |
91-22-41252525/ 30900000 |
|
Fax No.: |
91-22-27682409 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Velumani Arokiaswamy |
|
Designation : |
Managing Director |
|
Address : |
D-37/1 TTC MIDC, Next to Allana Cold Storage, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
Date of Birth/Age : |
25.04.1958 |
|
Qualification : |
PhD in Applied Thyroid Biochemistry |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
AAEPV4794L |
|
DIN No.: |
00002804 |
|
|
|
|
Name : |
Sundararaju Aarogiasamy Naidu |
|
Designation : |
Whole-Time Director |
|
Address : |
A-02, 01, Crimson Dawn Pricol Apartment, Nava India Road, Peelamedu, Coimbatore - 641004, Tamilnadu, India |
|
Date of Birth/Age : |
04.09.1958 |
|
Qualification : |
Degree in Law |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
AAVPN2518D |
|
DIN No.: |
00003260 |
|
|
|
|
Name : |
Mr. Gopal Shivram Hegde |
|
Designation : |
Director |
|
Address : |
134, Aram Nagar II, Versova Road, Andheri (West), Mumbai - 400061, Maharashtra, India |
|
Date of Birth/Age : |
16.06.1959 |
|
Qualification : |
LLB |
|
Date of Appointment : |
21.08.2014 |
|
DIN No.: |
00157676 |
|
|
|
|
Name : |
Neetin Shivajirao Desai |
|
Designation : |
Director |
|
Address : |
B-19/6 Kendriya Vihar Setcor 11, Khar Ghar Panvel Raigad, Panvel Navi Mumbai - 410210, Maharashtra, India |
|
Date of Birth/Age : |
13.06.1969 |
|
Qualification : |
PhD |
|
Date of Appointment : |
20.09.2014 |
|
DIN No.: |
02622364 |
|
|
|
|
Name : |
Mr. Vishwas Madhav Kulkarni |
|
Designation : |
Director |
|
Address : |
B 504, 5th Floor, Raunak Tower, Off Gokhale Road, Naupda, Thane (West), Mumbai - 400602, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1961 |
|
Qualification : |
B.com BL |
|
Date of Appointment : |
21.08.2014 |
|
DIN No.: |
06953750 |
|
|
|
|
Name : |
Mr. Narayanasamy Palanisamy |
|
Designation : |
Director |
|
Address : |
4/7, Savithri Agrden, Chinthamani Pudur, Irugur, Coimbatore - 641103, Tamil Nadu, India |
|
Date of Birth/Age : |
05.12.1948 |
|
Qualification : |
Dip. in Mech. Eng. |
|
Date of Appointment : |
20.09.2014 |
|
DIN No.: |
06972368 |
|
|
|
|
Name : |
Mr. Amruta Velumani |
|
Designation : |
Casual Vacancy Director |
|
Address : |
D-37/1, TTC MIDC, Next To Allana Cold Storage, Vashi, Navi Mumbai- 400703, Maharashtra, India |
|
Date of Appointment : |
22.02.2016 |
|
Date of Birth/Age : |
29.05.1991 |
|
Qualification : |
Msater Degree in Science |
|
PAN No.: |
AJOPV0693F |
|
DIN No.: |
06534120 |
|
|
|
|
Name : |
Ms. Indumati Gopinathan |
|
Designation : |
Director |
|
Address : |
8 Bela, Manu Bela Society, Chedda Nagar, Chembur, Mumbai – 400089, Maharashtra, India |
|
Date of Appointment : |
12.08.2017 |
|
DIN No.: |
06779331 |
KEY EXECUTIVES
|
Name : |
Mr. Sundararaju Aarogiasamy Naidu |
|
Designation : |
Chief Executive Officer (KMP) |
|
Address : |
A-02, 01, Crimson Dawn Pricol Apartment, Nava India Road,
Peelamedu, Coimbatore - 641004, Tamilnadu, India |
|
Date of Birth/Age : |
04.09.1958 |
|
Qualification : |
Degree in Law |
|
Date of Appointment : |
14.03.2015 |
|
PAN No.: |
AAVPN2518D |
|
|
|
|
Name : |
Ramjee Dorai |
|
Designation : |
Company Secretary |
|
Address : |
B-503, Pride Residency, Sector 7, Near Hiranandani,
Kharghar, Navi Mumbai 410210, Maharashtra, India |
|
Date of Appointment : |
03.09.2014 |
|
PAN No.: |
ADDPR1630D |
SHAREHOLDING PATTERN
AS ON 31.03.2018
|
Category of
shareholder |
Total Nos. shares held |
Shareholding as a % of total no. of shares (calculated as per SCRR
1957) As a % |
|
|
(A) Promoter & Promoter Group |
34361745 |
63.96 |
|
|
(B) Public |
19360569 |
36.04 |
|
|
(C2) Shares held by Employee Trust |
1219 |
0.00 |
|
|
(C) Non Promoter-Non Public |
1219 |
0.00 |
|
|
Grand Total |
53723533 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of
shareholder |
Total nos. shares
held |
Shareholding as a %
of total no. of shares (calculated as per SCRR 1957) As a % |
|
|
A1) Indian |
|
||
|
Individuals/Hindu
undivided Family |
19773030 |
36.81 |
|
|
Dr Velumani A |
14809317 |
27.57 |
|
|
A Sundararaju |
2416540 |
4.50 |
|
|
A Velumani |
911828 |
1.70 |
|
|
Amruta Velumani |
752512 |
1.40 |
|
|
Anand Velumani |
633164 |
1.18 |
|
|
A Sundararaju |
249669 |
0.46 |
|
|
Any Other (specify) |
14588715 |
27.16 |
|
|
Thyrocare Properties And
Infrastructure Private Limited |
5217800 |
9.71 |
|
|
Thyrocare Publications
LLP |
6534500 |
12.16 |
|
|
Sumathi Infra Project LLP |
1576415 |
2.93 |
|
|
Mahima Advertising LLP |
1260000 |
2.35 |
|
|
Sub Total A1 |
34361745 |
63.96 |
|
|
A2) Foreign |
|
||
|
A=A1+A2 |
34361745 |
63.96 |
Statement showing
shareholding pattern of the Public shareholder
|
Category & Name
of the Shareholders |
Total No. shares
held |
Shareholding %
calculated as per SCRR 1957 As a % |
|
|
B1) Institutions |
|
||
|
Mutual Funds/ |
10889414 |
20.27 |
|
|
Reliance Capital Trustee
Co. Ltd A/C Reliance Pharma Fund & Tax Saver Fund |
4114589 |
7.66 |
|
|
Dsp Blackrock Micro Cap
Fund |
1599384 |
2.98 |
|
|
Birla Sun Life Trustee
Company Private Limited Ac Birla Sun Life Balanced 95 Fund |
2137008 |
3.98 |
|
|
Sbi Magnum Midcap Fund
& SBI Pharma Fund |
1851895 |
3.45 |
|
|
Sundaram Mutual Fund A/c
Sundaram Smile Fund |
871852 |
1.62 |
|
|
Alternate Investment
Funds |
565562 |
1.05 |
|
|
Dsp Blackrock Emerging
Stars Fund |
565562 |
1.05 |
|
|
Foreign Portfolio
Investors |
3836602 |
7.14 |
|
|
Abu Dhabi Investment
Council - (Noosa) |
795000 |
1.48 |
|
|
Fil
Investments(Mauritius)ltd |
727835 |
1.35 |
|
|
Fundsmith Emerging
Equities Trust PLC |
642736 |
1.20 |
|
|
Financial Institutions/
Banks |
101591 |
0.19 |
|
|
Sub Total B1 |
15393169 |
28.65 |
|
|
B2) Central Government/ State
Government(s)/ President of India |
0.00 |
||
|
B3) Non-Institutions |
0.00 |
||
|
Individual share capital
upto INR 0.200 Million |
1420865 |
2.64 |
|
|
Individual share capital
in excess of INR 0.200 Million |
537426 |
1.00 |
|
|
Any Other (specify) |
2009109 |
3.74 |
|
|
Trusts |
170189 |
0.32 |
|
|
HUF |
149822 |
0.28 |
|
|
NRI – Non- Repat |
32689 |
0.06 |
|
|
NRI – Repat |
177298 |
0.33 |
|
|
Clearing Members |
37631 |
0.07 |
|
|
Bodies Corporate |
1441480 |
2.68 |
|
|
Sub Total B3 |
3967400 |
7.38 |
|
|
B=B1+B2+B3 |
19360569 |
36.04 |
Statement showing
shareholding pattern of the Non Promoter- Non Public shareholder
|
Category & Name
of the Shareholders(I) |
Total No. shares
held |
Shareholding %
calculated as per SCRR 1957 As a % |
|
|
C1) Custodian/DR Holder |
|
||
|
C2) Employee Benefit
Trust |
0.00 |
||
|
Employee Benefit Trust |
1219 |
0.00 |
|
|
Sub Total C2 |
1219 |
0.00 |
|
|
C= C1+C2 |
1219 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in providing quality diagnostic
services at affordable costs to laboratories, hospitals and cancer patients.
[Registered Activity] |
||||
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|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||
|
Customers : |
|
||||||||||||||
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|
|
||||||||||||||
|
No. of Employees : [As On 31.03.2017] |
808 (Approximately) |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : [As On 31.03.2017] |
· IDBI Bank Limited · ICICI Bank Limited · Citibank · Axis Bank Limited |
|
Statutory Auditors: |
|
|
Name : |
B S R and Company LLP Chartered Accountants |
|
Address : |
5th Floor, Lodha Excelus, Appollo Mills Compound, N M
Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
|
Tel. No.: |
91-22-43455300 |
|
Fax No.: |
91-22-43455399 |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary: [As On 31.03.2017] |
Nueclear Healthcare Limited |
|
|
|
|
Enterprise over
which directors and their relatives exercise control or influence, where
transactions have taken place during the year: [As On 31.03.2017] |
· Thyrocare International Holding Company Limited, Mauritius · Thyrocare Gulf Laboratories WLL · Sumathi Infra Projects LLP (converted into LLP w.e.f 29 March 2016) · Sumathi Construction Private Limited · Mahima Advertising LLP (converted into LLP w.e.f 30 March 2016) · Thyrocare Properties and Infrastructure Private Limited · Thyrocare Publications LLP (converted into LLP w.e.f 30 March 2016) |
CAPITAL STRUCTURE
AS ON 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 537.240 Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
INR 10/- each |
INR 1000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
53723533 |
Equity Shares |
INR 10/- each |
INR 537.240 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
537.240 |
537.240 |
537.240 |
|
(b) Reserves &
Surplus |
4001.540 |
3667.120 |
3216.610 |
|
(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) |
4538.780 |
4204.360 |
3753.850 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
80.100 |
62.500 |
55.530 |
|
(d) long-term provisions |
51.360 |
43.430 |
43.330 |
|
Total Non-current
Liabilities (3) |
131.460 |
105.930 |
98.860 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
9.720 |
2.490 |
14.550 |
|
(c) Other current
liabilities |
163.060 |
121.200 |
88.160 |
|
(d) Short-term provisions |
10.580 |
21.380 |
189.220 |
|
Total Current Liabilities
(4) |
183.360 |
145.070 |
291.930 |
|
|
|
|
|
|
TOTAL |
4853.600 |
4455.360 |
4144.640 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1012.960 |
885.470 |
916.860 |
|
(ii) Intangible Assets |
3.930 |
6.090 |
8.890 |
|
(iii) Capital work-in-progress |
0.000 |
21.330 |
10.180 |
|
(iv) Intangible assets
under development |
0.000 |
0.400 |
3.370 |
|
(b) Non-current
Investments |
1959.440 |
1946.740 |
1962.890 |
|
(c) Deferred tax assets
(net) |
4.050 |
44.080 |
25.550 |
|
(d) Long-term Loan and Advances |
470.720 |
45.170 |
54.230 |
|
(e) Other Non-current
assets |
21.960 |
0.000 |
0.000 |
|
Total Non-Current Assets |
3473.060 |
2949.280 |
2981.970 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1000.980 |
1014.820 |
694.920 |
|
(b) Inventories |
164.720 |
137.610 |
98.890 |
|
(c) Trade receivables |
92.130 |
58.600 |
73.000 |
|
(d) Cash and cash
equivalents |
92.760 |
106.200 |
76.460 |
|
(e) Short-term loans and
advances |
0.910 |
89.450 |
74.430 |
|
(f) Other current assets |
29.040 |
99.400 |
144.970 |
|
Total Current Assets |
1380.540 |
1506.080 |
1162.670 |
|
|
|
|
|
|
TOTAL |
4853.600 |
4455.360 |
4144.640 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
3317.940 |
3000.590 |
2351.350 |
|
|
Other Income |
236.350 |
80.790 |
52.040 |
|
|
TOTAL |
3554.290 |
3081.380 |
2403.390 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
880.680 |
783.760 |
596.600 |
|
|
Purchases of
Stock-in-Trade |
24.100 |
86.370 |
66.420 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.670 |
(8.630) |
6.830 |
|
|
Employees benefits
expense |
324.890 |
293.500 |
242.860 |
|
|
Other expenses |
694.530 |
676.500 |
492.560 |
|
|
Exceptional Item |
21.930 |
0.000 |
(2.980) |
|
|
TOTAL |
1949.800 |
1831.500 |
1402.290 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1604.490 |
1249.880 |
1001.100 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.020 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1600.470 |
1249.880 |
1001.100 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
120.830 |
116.89 |
113.53 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1479.640 |
1132.990 |
887.570 |
|
|
|
|
|
|
|
Less |
TAX |
519.260 |
384.53 |
300.03 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
960.380 |
748.460 |
587.540 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
|
26.530 |
43.830 |
|
|
Capital Goods |
|
44.400 |
16.570 |
|
|
TOTAL IMPORTS |
NA |
70.930 |
60.400 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
17.91 |
13.93 |
11.42 |
|
|
Diluted |
17.85 |
13.91 |
11.41 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
129.327 |
98.030 |
|
|
|
|
|
|
Net cash flows from operating activities |
NA |
89.266 |
66.875 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
10.14 |
7.13 |
11.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
36.01 |
51.20 |
32.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
3.92 |
1.04 |
8.01 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
9.74 |
9.08 |
10.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.58 |
1.37 |
1.07 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.04 |
0.03 |
0.07 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.04 |
0.03 |
0.08 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.22 |
0.22 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
399.13 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
28.95 |
24.94 |
24.99 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
19.79 |
16.80 |
14.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
21.16 |
17.80 |
15.65 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets /
Current Liabilities) |
7.53 |
10.38 |
3.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
6.63 |
9.43 |
3.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.94 |
0.94 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
7.53 |
10.38 |
3.98 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00 |
|
|
|
|
Market Value |
INR 642.60 |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
537.240 |
537.240 |
537.240 |
|
Reserves & Surplus |
3216.610 |
3667.120 |
4001.540 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3753.850 |
4204.360 |
4538.780 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2351.350 |
3000.590 |
3317.940 |
|
|
|
27.611 |
10.576 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2351.350 |
3000.590 |
3317.940 |
|
Profit |
587.540 |
748.460 |
960.380 |
|
|
24.99% |
24.94% |
28.95% |
LEGAL
CASE
|
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|
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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 |
No |
|
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 |
Yes |
|
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 |
No |
|
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 |
CORPORATE INFORMATION
[AS ON 31.03.2017]
Subject along with its wholly owned subsidiary, Nueclear Healthcare Limited (“the Subsidiary”) is one of India’s leading healthcare service providers in diagnostic segment. The Company and its Subsidiary (“the Group”) are engaged in providing quality diagnostic services at affordable costs to laboratories, hospitals and cancer patients. The Group has its centralised fully automated diagnostic testing laboratory, regional processinglaboratories, a medical cyclotron facility and multiple PET-CT facilities across the country.
INDEX OF CHARGES:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A81739583 |
90234859 |
UTI BANK LIMITED; |
29/04/2002 |
- |
02/04/2004 |
462325.0 |
NAUPADA, THANE – 400802, MAHARASHTRA, INDIA |
FIXED ASSETS:
Tangible Assets
- Leasehold Land
- Buildings/ Premises
- Plant and Equipment *
- Furniture and Fixtures
- Vehicles
- Office equipment
- Computers printers and scanners
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 67.11 |
|
|
1 |
INR 90.85 |
|
Euro |
1 |
INR 80.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARCH |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
YES |
|
--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.