|
|
|
MIRA INFORM REPORT
|
Report No. : |
510755 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
VERDANT LIFE SCIENCES PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Plot No.55, Jawaharlal Nehru Pharma City, Thanam Revenue Village, Parawada Mandal – 530012, Andhra Pradesh |
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Tel. No.: |
91- 8924-236069 / 79 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
09.06.2008 |
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|
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Com. Reg. No.: |
01-059563 |
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Capital
Investment / Paid-up Capital : |
INR 203.455 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U24232AP2008PTC059563 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AACCV7514M |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
· Wholesale Trade Services of Drug & Pharmaceutical products · To manufacture and deal in all types of drugs, chemicals, pharmaceuticals and intermediaries, on loan license basis. (Registered Activity) (Line of business is updated as per latest annual report 2017.) |
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|
|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 820000 |
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|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2008 having
satisfactory track records. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has reported fair profit margin at 4.41% (approximately) The company possesses sound financial profile marked by satisfactory
networth base along with comfortable debt level. However, the rating strength is partially offset by low reserves level
of the company. Trade relations are reported as fair. Business is active. Payment
terms are seems to be slow but correct. 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 |
CARE |
|
Rating |
Long Term Bank Facilities : BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
15.12.2017 |
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 23.05.2018
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.: 91-8924-236079)
LOCATIONS
|
Registered Office / Factory: |
Plot No.55, Jawaharlal Nehru Pharma City, Thanam Revenue Village, Parawada Mandal – 530012, Andhra Pradesh, India |
|
Tel. No.: |
91- 8924-236069 / 236079 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Administrative
Office: |
H.No.6-3-564 and 564/1, Flat No.201, ABBASI Towers, Taj Deccan Road, Erramanzil Colony, Hyderabad – 500082, Telangana, India |
|
Tel. No.: |
91-40-23374865 |
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Fax No.: |
91-40-23374866 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Dharma Pracharak Ramineni |
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Designation : |
Managing Director |
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Address : |
1-45, Brahmanakoduru, Ponnuru, Guntur – 522214, Andhra Pradesh, India |
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Date of Birth/Age : |
03.08.1968 |
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Date of Appointment : |
09.07.2014 |
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DIN No.: |
05125190 |
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Other Directorship:
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Name : |
Mr. Ravindra Babu Gogineni |
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Designation : |
Director |
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Address : |
5-315, Jeedimetla, S. R. Naik Nagar, Ward-6, Qutubullapur, Ranga Reddy
District, Hyderabad – 500055, Telangana, India |
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|
Date of Birth/Age : |
01.07.1963 |
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Date of Appointment : |
27.04.2009 |
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DIN No.: |
00066738 |
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||||||||||||||||||||
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Name : |
Mr. Siva Rama Prasad Manne |
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Designation : |
Director |
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Address : |
E-Block, 307, Palace Heights Sivaji Nagar, Vishakapatnam – 530046,
Andhra Pradesh, India |
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Date of Birth/Age : |
15.03.1961 |
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Date of Appointment : |
27.04.2009 |
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DIN No.: |
00079145 |
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Other Directorship:
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Name : |
Mr. Brahmaji Valiveti |
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Designation : |
Director |
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Address : |
Chinavadlapudi, Pedavadlapudi (P.O), Guntur (D.T), Hyderabad – 522302,
Telangana, India |
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Date of Birth/Age : |
01.06.1963 |
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Date of Appointment : |
27.04.2009 |
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DIN No.: |
00079255 |
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Other Directorship:
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Name : |
Mr. Pathuri Nagabhushanam |
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Designation : |
Director |
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Address : |
D No.2-251, Pedavadlapudi, Guntur – 522302, Andhra Pradesh, India |
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Date of Birth/Age : |
01.12.1963 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
01685758 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Valiveti Brahmaji |
|
669069 |
|
Pathuri Nagabhushanam |
|
1257530 |
|
Valiveti Seetaravamma |
|
8486420 |
|
Ramineni Dharma Pracharak |
|
6103660 |
|
Manne Sivarama Prasad |
|
1017271 |
|
Gogineni Ravindra Babu |
|
1017271 |
|
Pathuri Sai Krishna |
|
897154 |
|
Pathuri Bindu Priya |
|
897146 |
|
|
|
|
|
Total |
|
20345521 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
47.42 |
|
Promoters [Individual/Hindu Undivided Family -Non-resident Indian (NRI)] |
2.05 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
50.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Wholesale Trade Services of Drug & Pharmaceutical products · To manufacture and deal in all types of drugs, chemicals, pharmaceuticals and intermediaries, on loan license basis. (Registered Activity) (Line of business is updated as per latest annual report 2017.) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Ramesh and Company Chartered Accountants |
|
Address : |
6-3-661/B/1, Sangeethnagar, Somajiguda, Hyderabad – 500082, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AFIPB8273K |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AFTER 29.09.2017
Authorised Capital : INR
250.000 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20345521 |
Equity Shares |
INR 10/- each |
INR 203.455 Million |
|
|
|
|
|
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000000 |
Equity Shares |
INR 10/- each |
INR 210.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20345521 |
Equity Shares |
INR 10/- each |
INR 203.455 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 |
203.455 |
203.455 |
25.084 |
|
(b) Reserves & Surplus |
83.820 |
43.236 |
201.418 |
|
(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) |
287.275 |
246.691 |
226.502 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
172.700 |
154.931 |
89.665 |
|
(b) Deferred tax liabilities
(Net) |
24.465 |
16.941 |
13.436 |
|
(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) |
197.165 |
171.872 |
103.101 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
129.572 |
116.358 |
55.788 |
|
(b) Trade payables |
242.673 |
181.422 |
121.227 |
|
(c) Other current liabilities |
8.311 |
7.816 |
19.357 |
|
(d) Short-term provisions |
12.200 |
6.235 |
4.605 |
|
Total
Current Liabilities (4) |
392.756 |
311.831 |
200.977 |
|
|
|
|
|
|
TOTAL |
877.196 |
730.394 |
530.580 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
350.510 |
178.599 |
168.230 |
|
(ii) Intangible Assets |
0.000 |
15.659 |
18.268 |
|
(iii) Capital work-in-progress |
13.049 |
28.513 |
2.380 |
|
(iv) Intangible assets under
development |
8.958 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.695 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
3.918 |
3.019 |
1.161 |
|
Total
Non-Current Assets |
377.130 |
225.790 |
190.039 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
170.987 |
157.903 |
133.167 |
|
(c) Trade receivables |
209.695 |
201.967 |
152.566 |
|
(d) Cash and cash equivalents |
32.144 |
38.242 |
2.538 |
|
(e) Short-term loans and
advances |
10.149 |
42.129 |
5.854 |
|
(f) Other current assets |
77.091 |
64.363 |
46.416 |
|
Total
Current Assets |
500.066 |
504.604 |
340.541 |
|
|
|
|
|
|
TOTAL |
877.196 |
730.394 |
530.580 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
886.755 |
751.472 |
591.050 |
|
|
Other Income |
1.192 |
0.565 |
0.677 |
|
|
TOTAL
|
887.947 |
752.037 |
591.727 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
537.459 |
465.622 |
410.23 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.599 |
28.813 |
(14.081) |
|
|
Employees benefits expense |
32.947 |
25.179 |
20.932 |
|
|
Other expenses |
220.694 |
173.702 |
126.540 |
|
|
TOTAL |
791.699 |
693.316 |
543.621 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
96.248 |
58.721 |
48.106 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
17.565 |
16.006 |
16.049 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
78.683 |
42.715 |
32.057 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
18.995 |
12.244 |
10.523 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
59.688 |
30.471 |
21.534 |
|
|
|
|
|
|
|
Less |
TAX |
20.604 |
10.281 |
3.789 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
39.084 |
20.190 |
17.745 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY (FOB) |
145.885 |
100.122 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
1.92 |
0.99 |
7.07 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
Bajaj Finance Limited |
NA |
NA |
1.047 |
|
Kotak Mahindra Bank Limited |
NA |
NA |
1.260 |
|
Magma Fincorp Limited |
NA |
NA |
0.863 |
|
Religare Finvest Limited |
NA |
NA |
1.036 |
|
Tata Capital Financial Services Limited |
NA |
NA |
1.051 |
|
ICICI Bank – Bolero AP31TG0340 |
NA |
NA |
0.141 |
|
ICICI Bank – Bus AP31TC8788 |
NA |
NA |
0.413 |
|
ICICI Bank – Toyota Altis TS09EA0003 |
NA |
NA |
0.281 |
|
ICICI Bank – Innova AP09CR0024 |
NA |
NA |
0.241 |
|
ICICI Term Loan A/C – 1 |
NA |
NA |
8.380 |
|
ICICI Term Loan A/C – 2 |
NA |
NA |
2.000 |
|
|
|
|
|
|
TOTAL CURRENT
MATURITIES OF LONG TERM DEBT |
NA |
NA |
16.713 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
167.987 |
37.154 |
40.983 |
|
Net cash flows from (used in) operating activities |
161.751 |
32.579 |
38.039 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
86.31 |
98.10 |
94.22 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.23 |
3.72 |
3.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
164.80 |
142.22 |
107.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.56 |
0.37 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.26 |
0.26 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.64 |
0.64 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.05 |
1.10 |
0.72 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.37 |
1.26 |
0.89 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.30 |
0.90 |
0.83 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.48 |
3.67 |
3.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
4.41 |
2.69 |
3.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.46 |
2.76 |
3.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.61 |
8.18 |
7.83 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.27 |
1.62 |
1.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.84 |
1.11 |
1.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.34 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.49 |
1.33 |
6.46 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.27 |
1.62 |
1.69 |
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 |
25.084 |
203.455 |
203.455 |
|
Reserves & Surplus |
201.418 |
43.236 |
83.820 |
|
Net
worth |
226.502 |
246.691 |
287.275 |
|
|
|
|
|
|
Long Term borrowings |
89.665 |
154.931 |
172.700 |
|
Short Term borrowings |
55.788 |
116.358 |
129.572 |
|
Total
borrowings |
145.453 |
271.289 |
302.272 |
|
Debt/Equity
ratio |
0.642 |
1.100 |
1.052 |
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 |
591.050 |
751.472 |
886.755 |
|
|
|
27.142 |
18.002 |
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 |
591.050 |
751.472 |
886.755 |
|
Profit |
17.745 |
20.190 |
39.084 |
|
|
3.00% |
2.69% |
4.41% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
203.455 |
203.455 |
|
(b) Reserves and Surplus |
|
82.992 |
43.236 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
(0.058) |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
286.447 |
246.691 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
172.711 |
154.931 |
|
(b) Deferred tax liabilities (Net) |
|
24.465 |
16.941 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
197.176 |
171.872 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
129.572 |
116.358 |
|
(b) Trade payables |
|
242.702 |
181.422 |
|
(c) Other
current liabilities |
|
8.628 |
7.816 |
|
(d) Short-term
provisions |
|
12.200 |
6.235 |
|
Total Current
Liabilities (4) |
|
393.102 |
311.831 |
|
|
|
|
|
|
TOTAL |
|
876.667 |
730.394 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
350.612 |
178.599 |
|
(ii) Intangible Assets |
|
13.049 |
15.659 |
|
(iii) Tangible assets capital work-in-progress |
|
8.958 |
28.513 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term loans and advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
3.918 |
3.019 |
|
Total Non-Current
Assets |
|
376.537 |
225.790 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
170.987 |
157.903 |
|
(c) Trade receivables |
|
209.695 |
201.967 |
|
(d) Cash and bank balances |
|
32.208 |
38.242 |
|
(e) Short-term loans and advances |
|
10.149 |
42.130 |
|
(f) Other current assets |
|
77.091 |
64.362 |
|
Total
Current Assets |
|
500.130 |
504.604 |
|
|
|
|
|
|
TOTAL |
|
876.667 |
730.394 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
886.755 |
751.472 |
|
|
Other Income |
|
1.192 |
0.565 |
|
|
TOTAL |
|
887.947 |
752.037 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
537.459 |
465.622 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
0.599 |
28.813 |
|
|
Employee benefit expense |
|
33.648 |
25.179 |
|
|
Other expenses |
|
221.170 |
173.702 |
|
|
TOTAL |
|
792.876 |
693.316 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
95.071 |
58.721 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
17.567 |
16.006 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
77.504 |
42.715 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
19.007 |
12.244 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
58.497 |
30.471 |
|
|
|
|
|
|
|
Less |
TAX |
|
20.605 |
10.281 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
37.892 |
20.190 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
1.86 |
0.99 |
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 |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
PRINCIPAL BUSINESS ACTIVITIES OF THE
COMPANY: (AS ON 31.03.2016)
To manufacture and or deal in all types of drugs, chemicals, pharmaceuticals and intermediaries, on loan license basis.
The company is in the process of manufacture, produce, process, prepare, treat, disinfect, compound, formulate, mix, concentrate, pack, repack, refine, add, remove, pure, preserve, grade, freeze, distillate, boil, sterilize, improve, extract, buy, sell, resell, import, export, barter, transport, store, forward, distribute, dispose, develop, research, discover, manipulate, market, supply and to act as agent, broker, adatia, representative, consultant, collaborator, stockiest, liasioner, middleman, job worker or otherwise to deal in all types, descriptions, specifications, strengths and applications of pharmaceutical and chemical products of medicaments in all its branches such as allopathic ayurvedic, homeopathic, herbal, unani, siddha, bio-chemic used for treatment, cure and healthcare of human beings and animals including, basic drugs, intermediates, tonics, antibiotics, enzymes, steroids, vitamins, hormones, biological and immunological chemicals.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from directors |
75.211 |
72.711 |
|
Loans and advances from others |
0.683 |
1.466 |
|
|
|
|
|
Total |
75.894 |
74.177 |
INDEX OF CHARGE:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G74246414 |
10474968 |
ICICI BANK LIMITED |
29/01/2014 |
09/01/2018 |
- |
346900000.0 |
ICICI Bank Tower, Near Chakli Circle, Old Padra Road Vadodara Gujarat 390007 India |
|
2 |
B97784722 |
10221175 |
STATE BANK OF INDIA |
29/06/2009 |
26/10/2012 |
15/02/2014 |
125000000.0 |
Balkamplet Branch S. R. Nagar HYDERABAD Telangana 500038 India |
FIXED ASSETS:
· Land
· Factory building
· Vehicle
· Plant and Machinery
· Furniture
· Office Equipment
· Computers
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 68.02 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
NO |
|
--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.