|
|
|
MIRA INFORM REPORT
|
Report No. : |
508370 |
|
Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BRAWN LABORATORIES LIMITED |
|
|
|
|
Registered
Office : |
4B, Asaf Ali Road, II Floor, Old Delhi Stock Exchange Building, New Delhi
– 110002 |
|
Tel. No.: |
91-11-29815331/ 23275208/ 32911528/ 32911529 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.03.1990 |
|
|
|
|
Com. Reg. No.: |
55-039653 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 9.950 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73200DL1990PLC039653 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB7151N |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAACB7151N1ZI |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacturing and sale of pharmaceutical products · The Company operates in business of manufacturing and distribution of drugs. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 810000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is
an established company incorporated in the year 1990 and it is having good
track. For the financial
year 2017, the company has increased in its revenue from operations as
compared to previous year and maintained decent profitability margin of
4.45%. Rating
takes into consideration sound financial profile of the company marked by
adequate networth base and low debt balance sheet. Further,
rating also derives strength from its vast experience of the promoters in the
field of pharmaceutical products, established track record of business
operations along with market position and improvement in the revenue as well
profitability profile during the year. However,
ratings strength is partially offset by intense competition due to presence
of a large number of generic formulation drug manufacturers. Trade relations
are reported as fair. Business is active. Payment terms are seems to be
regular. In view of the aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
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 |
ICRA |
|
Rating |
Long term rating : BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
21.08.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
21.08.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 10.05.2018
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-cooperative (Tel No.: 91-124-4222462/ 23275208/
91-11-4666152)
LOCATIONS
|
Registered Office/ Export Office : |
4B, Asaf Ali Road, II Floor, Old Delhi Stock Exchange Building, New Delhi – 110002, India |
|
Tel. No.: |
91-11-29815331/ 23275208/ 32911528/ 32911529 |
|
Fax No.: |
91-11-23275208 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No. 30, Sector 33, Near Hero Motors Factory, Opposite Infocity – II, Gurugram – 122001, Haryana, India |
|
Tel. No.: |
91-124-4666152 |
|
Fax No.: |
91-124-4666152 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
13, New Industrial Township, Industrial Area, Faridabad-121001, Haryana, India |
|
Tel. No.: |
91-129-3290659, 3290738, 4027514 |
|
Fax No.: |
91-129-4028514 |
|
E-Mail : |
|
|
|
|
|
R&D Center : |
Plot No. 78, Sector 37, Pace City, Gurugram – 122001, Haryana, India |
|
Tel. No.: |
91-124-2370486 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Adarsh Kumar Gupta |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
GM-38, Phase – II, Gulmohar Marg, DLF, Gurugram – 122008, Haryana,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
24.11.1947 |
||||||||||||||||||||
|
Date of Appointment : |
23.04.2001 |
||||||||||||||||||||
|
PAN No.: |
AFSPG7840M |
||||||||||||||||||||
|
DIN No.: |
00975059 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Brij Raj Gupta |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
GM-38, Phase – II, Gulmohar Marg, DLF, Gurugram – 122008, Haryana,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
15.04.1952 |
||||||||||||||||||||
|
Date of Appointment : |
23.04.2003 |
||||||||||||||||||||
|
PAN No.: |
AESPG6887R |
||||||||||||||||||||
|
DIN No.: |
00974969 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Love Gupta |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
GM-38, Phase – II, Gulmohar Marg, DLF, Gurugram – 122008, Haryana,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
06.09.1982 |
||||||||||||||||||||
|
Date of Appointment : |
05.10.2010 |
||||||||||||||||||||
|
DIN No.: |
01385755 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Rajveer Singh |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
B-21,
Panchseel Colony, Lal Kuan, Ghaziabad-201009, Uttar Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
06.03.1970 |
||||||||||||||||||||
|
Date of Appointment : |
05.10.2010 |
||||||||||||||||||||
|
PAN No.: |
ATAPS3435L |
||||||||||||||||||||
|
DIN No.: |
03464649 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Nanak Singh Rana |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
H. No. 854, Sector -10, Gurugram, Haryana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
01.04.1969 |
||||||||||||||||||||
|
Date of Appointment : |
30.09.2014 |
||||||||||||||||||||
|
PAN No.: |
AGWPR6983M |
||||||||||||||||||||
|
DIN No.: |
07021022 |
||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Mr. Rakesh Kumar Dhama |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
A-85
A, GL 5, Hardev Puri, Delhi, India |
||||||||||||||||||||
|
Date of Birth/Age : |
05.01.1964 |
||||||||||||||||||||
|
Date of Appointment : |
05.10.2010 |
||||||||||||||||||||
|
PAN No.: |
AEYPD6058B |
||||||||||||||||||||
|
DIN No.: |
03520428 |
||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Mr. Bal Kishan Sharma |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
212, 213 - Vipin Garden Extension, Delhi-110058, India |
||||||||||||||||||||
|
Date of Birth/Age : |
05.01.1964 |
||||||||||||||||||||
|
Date of Appointment : |
28.03.2015 |
||||||||||||||||||||
|
DIN No.: |
02672827 |
||||||||||||||||||||
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
A B Pharma Private Limited, India |
|
10000 |
|
Sree Ram Gupta |
|
22260 |
|
Atul Gupta |
|
75310 |
|
Shashi Bala Gupta |
|
406410 |
|
Brij Bala Gupta |
|
21885 |
|
Mamta Gupta |
|
810 |
|
Bhawna Gupta |
|
17610 |
|
Adarsh Kumar Gupta |
|
55000 |
|
Brij Raj Gupta |
|
278910 |
|
Kavita Gupta |
|
14300 |
|
Nitin Gupta |
|
92525 |
|
Total |
|
995020 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
54.70 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
44.29 |
|
Public/Other than promoters (Body corporate) |
1.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturing and Sale of pharmaceutical products · The Company operates in business of manufacturing and distribution of drugs. (Registered Activity) |
||||||||
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|
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|
Products / Services
: |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
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|
||||||||
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Agencies Held : |
Not Available |
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|
||||||||
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Exports : |
Not Divulged |
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|
|
|
||||||||
|
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 : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rajiv Udai and Associates Chartered Accountants |
|
Address : |
A-36, 1st Floor, Gurunanak Pura, Laxmi Nagar, Delhi-110092, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFR7732J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
|
|
|
|
|
Other Related
Party: |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
995020 |
Equity Shares |
INR 10/- each |
INR 9.950 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.950 |
9.950 |
9.950 |
|
(b) Reserves and Surplus |
272.751 |
189.663 |
163.221 |
|
(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) |
282.701 |
199.613 |
173.171 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
49.061 |
57.425 |
140.723 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
3.539 |
|
(c) Other long-term
liabilities |
16.740 |
16.740 |
17.630 |
|
(d) long-term
provisions |
10.649 |
4.787 |
2.512 |
|
Total Non-current
Liabilities (3) |
76.450 |
78.952 |
164.404 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
128.324 |
164.685 |
350.855 |
|
(b) Trade
payables |
133.724 |
110.151 |
102.860 |
|
(c) Other current
liabilities |
166.665 |
94.819 |
53.519 |
|
(d) Short-term
provisions |
53.951 |
13.786 |
17.829 |
|
Total Current
Liabilities (4) |
482.664 |
383.441 |
525.063 |
|
|
|
|
|
|
TOTAL |
841.815 |
662.006 |
862.638 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
218.929 |
137.066 |
135.107 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
5.021 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.344 |
0.749 |
0.000 |
|
(d)
Long-term loans and advances |
3.431 |
3.198 |
3.728 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
227.725 |
141.013 |
138.835 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
141.987 |
172.742 |
284.893 |
|
(c) Trade
receivables |
400.255 |
324.044 |
406.144 |
|
(d) Cash and
bank balances |
19.153 |
10.066 |
15.900 |
|
(e)
Short-term loans and advances |
51.588 |
13.153 |
16.158 |
|
(f) Other
current assets |
1.107 |
0.988 |
0.708 |
|
Total
Current Assets |
614.090 |
520.993 |
723.803 |
|
|
|
|
|
|
TOTAL |
841.815 |
662.006 |
862.638 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1866.004 |
1562.716 |
1348.945 |
|
|
Other Income |
20.430 |
17.609 |
15.004 |
|
|
TOTAL |
1886.434 |
1580.325 |
1363.949 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1271.889 |
1089.961 |
982.770 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
27.270 |
60.110 |
1.474 |
|
|
Employee benefit expense |
157.137 |
119.600 |
93.254 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
73.029 |
67.732 |
0.000 |
|
|
CSR expenditure |
0.000 |
0.000 |
0.000 |
|
|
Other expenses |
189.719 |
140.300 |
172.467 |
|
|
TOTAL |
1719.044 |
1477.703 |
1249.965 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
167.390 |
102.622 |
113.984 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
18.122 |
50.247 |
66.135 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
149.268 |
52.375 |
47.849 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.740 |
20.359 |
25.549 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
123.528 |
32.016 |
22.300 |
|
|
|
|
|
|
|
Less |
TAX |
40.440 |
5.574 |
8.342 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
83.088 |
26.442 |
13.958 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
1206.526 |
1038.844 |
916.078 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
43.400 |
29.518 |
7.926 |
|
|
TOTAL IMPORTS |
43.400 |
29.518 |
7.926 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
83.50 |
26.57 |
14.03 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.280 |
17.130 |
|
Net cash flows from (used in) operations |
224.712 |
347.232 |
89.974 |
|
Net cash flows from (used in) operating activities |
224.712 |
347.232 |
89.974 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
78.29 |
75.69 |
109.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.66 |
4.82 |
3.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
38.38 |
36.89 |
38.20 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.18 |
0.59 |
0.40 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.75 |
0.75 |
0.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.63 |
0.67 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.63 |
1.11 |
2.94 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.71 |
1.92 |
3.03 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.79 |
0.69 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
9.24 |
2.04 |
1.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.45 |
1.69 |
1.03 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.87 |
3.99 |
1.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
29.39 |
13.25 |
8.06 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.27 |
1.36 |
1.38 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.98 |
0.91 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.34 |
0.30 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
17.83 |
22.35 |
51.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.27 |
1.36 |
1.38 |
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 |
9.950 |
9.950 |
9.950 |
|
Reserves & Surplus |
163.221 |
189.663 |
272.751 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
173.171 |
199.613 |
282.701 |
|
|
|
|
|
|
Long-term borrowings |
140.723 |
57.425 |
49.061 |
|
Short term borrowings |
350.855 |
164.685 |
128.324 |
|
Current maturities of
long-term debts |
17.130 |
0.280 |
0.000 |
|
Total
borrowings |
508.708 |
222.390 |
177.385 |
|
Debt/Equity
ratio |
2.938 |
1.114 |
0.627 |
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 |
1348.945 |
1562.716 |
1866.004 |
|
|
|
15.847 |
19.408 |
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 |
1348.945 |
1562.716 |
1866.004 |
|
Profit/ (Loss) |
13.958 |
26.442 |
83.088 |
|
|
1.03
% |
1.69
% |
4.45
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.950 |
9.950 |
|
(b) Reserves and Surplus |
|
272.745 |
189.663 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
282.695 |
199.613 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
49.061 |
57.425 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
16.740 |
16.740 |
|
(d) long-term provisions |
|
10.649 |
4.787 |
|
Total Non-current
Liabilities (3) |
|
76.450 |
78.952 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
128.324 |
164.685 |
|
(b) Trade
payables |
|
133.724 |
110.151 |
|
(c) Other current
liabilities |
|
166.677 |
94.819 |
|
(d) Short-term
provisions |
|
53.951 |
13.786 |
|
Total Current
Liabilities (4) |
|
482.676 |
383.441 |
|
|
|
|
|
|
TOTAL |
|
842.305 |
662.006 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
218.929 |
137.066 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
5.021 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.344 |
0.749 |
|
(d)
Long-term loans and advances |
|
3.431 |
3.198 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
227.725 |
141.013 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
141.987 |
172.742 |
|
(c) Trade
receivables |
|
400.255 |
324.044 |
|
(d) Cash and
bank balances |
|
19.153 |
10.066 |
|
(e) Short-term
loans and advances |
|
51.588 |
13.153 |
|
(f) Other
current assets |
|
1.597 |
0.988 |
|
Total
Current Assets |
|
614.580 |
520.993 |
|
|
|
|
|
|
TOTAL |
|
842.305 |
662.006 |
PROFIT & LOSS ACCOUNT
(CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
1866.004 |
1562.717 |
|
|
Other Income |
|
20.430 |
17.609 |
|
|
TOTAL |
|
1886.434 |
1580.326 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1271.889 |
1089.961 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
27.270 |
60.110 |
|
|
Employee benefit expense |
|
157.137 |
119.600 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
|
73.031 |
67.732 |
|
|
Other expenses |
|
189.719 |
140.300 |
|
|
TOTAL |
|
1719.046 |
1477.703 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
167.388 |
102.623 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
18.122 |
50.247 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
149.266 |
52.376 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
25.740 |
20.359 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
123.526 |
32.017 |
|
|
|
|
|
|
|
Less |
TAX |
|
40.440 |
5.574 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
83.086 |
26.443 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
83.50 |
26.57 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from C-64, Lajpat Nagar, New Delhi – 110024, India to the present address w.e.f. 31.05.2017
GENERAL INFORMATION
The company was established in the year 1990. The company manufactures a wide variety of finished formulations from a large number of therapeutic segments to include Antibiotics – Antibacterials, Cardiovascular, Antidiabetics, Anxiolytics and Antidepressants, Gastrointestinals, Cough and Cold, Analgesics – Anti-inflammatories, Anti Tubercular, Antihelminthics, Antifungals, Anti protozoals, Antivirals, Antimalarials, Antihistaminics, Corticosteroids, Nutritional supplements and others.
PERFORMANCE:
The turnover and other income of your company for the current year stood at INR 1886.434 Million as compared to INR 1580.325 Million for the previous year.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposits from others |
4.650 |
4.050 |
|
Loans and advances from related parties |
6.775 |
52.775 |
|
Other loans and advances |
0.000 |
0.600 |
|
Total |
11.425 |
57.425 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C05993068 |
10501705 |
PUNJAB NATIONAL BANK |
27/02/2014 |
- |
- |
732284.0 |
BO: TROPICAL BUILDING CONNAUGHT PLACE NEW DELHI 110002 INDIA |
|
2 |
B97692743 |
10480812 |
Punjab National Bank |
18/01/2014 |
- |
- |
441248.0 |
TROPICAL BUILDING CONNAUGHT PLACE NEW DELHI-110001 INDIA |
|
3 |
B85985026 |
10451628 |
Punjab National Bank |
06/09/2013 |
- |
- |
10000000.0 |
H-22, TROPICAL BUILDING,CONNAUGHT PLACE NEW DELHI- 110001 INDIA |
|
4 |
B13344890 |
10287992 |
PUNJAB NATIONAL BANK |
24/05/2011 |
- |
- |
425000.0 |
TROPICAL BUILDING CONNAUGHT PLACE NEW DELHI-110001 INDIA |
|
5 |
G39910385 |
10123280 |
PUNJAB NATIONAL BANK |
13/09/2008 |
07/03/2017 |
- |
390000000.0 |
BO: TROPICAL BUILDING CONNAUGHT PLACE NEW DELHI 110002 INDIA |
|
6 |
B26083279 |
10269840 |
PUNJAB NATIONAL BANK |
04/02/2011 |
- |
30/11/2011 |
40000000.0 |
TROPICAL BUILDING CONNAUGHT PLACE NEW DELHI-110001 INDIA |
|
7 |
B26082008 |
10269831 |
PUNJAB NATIONAL BANK |
14/02/2011 |
- |
30/11/2011 |
10000000.0 |
TROPICAL BUILDING CONNAUGHT PLACE NEW DELHI-110001 INDIA |
|
8 |
B26091777 |
10176661 |
PUNJAB NATIONAL BANK |
09/09/2009 |
- |
30/11/2011 |
10000000.0 |
TROPICAL BUILDING CONNAUGHT PLACE NEW DELHI-110001 INDIA |
|
9 |
B26098426 |
10148858 |
PUNJAB NATIONAL BANK |
06/03/2009 |
- |
30/11/2011 |
10000000.0 |
TROPICAL BUILDING CONNAUGHT PLACE NEW DELHI-110001 INDIA |
|
10 |
B26099192 |
10148861 |
PUNJAB NATIONAL BANK |
03/03/2009 |
- |
30/11/2011 |
10000000.0 |
TROPICAL BUILDING CONNAUGHT PLACE NEW DELHI-110001 INDIA |
FIXED ASSETS
- Land
- Building
- Plant and equipment
- Vehicles
- Furniture and Fixture
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 67.38 |
|
|
1 |
INR 91.09 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared by
: |
JYTK / RKI |
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.