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|
MIRA INFORM REPORT
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Report No. : |
509830 |
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Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
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Name : |
INTAS PHARMACEUTICALS LIMITED (w.e.f. 30.03.1995) |
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Formerly Known
As : |
INTAS LABORATORIES LIMITED (w.e.f. 29.03.1995) INTAS LABORATORIES PRIVATE LIMITED |
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Registered
Office : |
Corporate House, Near Sola Bridge, S. G. Highway, Thaltej, Ahmedabad –
380054, Gujarat |
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Tel. No.: |
91-79-39837000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
31.05.1985 |
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Com. Reg. No.: |
04-007866 |
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Capital
Investment / Paid-up Capital : |
INR 1147.440 Million |
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CIN No.: [Company Identification
No.] |
U24231GJ1985PLC007866 |
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IEC No.: [Import-Export Code No.] |
0896004341 |
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GSTN : [Goods & Service Tax
Registration No.] |
24AAACI5120L1ZU |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACI5120L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing, Marketing, Distribution, Sale of Finished Pharmaceutical
Formulations, Active Pharmaceutical Ingredient (API), Medical Appliances,
Medical Devices. (Registered Activity and also confirmed by management) |
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|
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No. of Employees
: |
12000 (approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1985 and it is a pharmaceutical manufacturing company based in Ahmedabad, Gujarat.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Borrowing = AA |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
05.04.2018 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Borrowing: A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
05.04.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 24.05.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Prithvi |
|
Designation : |
Treasury Manager |
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Contact No.: |
91-79-66523100 |
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Date: |
17.05.2018 |
LOCATIONS
|
Registered Office : |
Corporate House, Near Sola Bridge, S. G. Highway, Thaltej, Ahmedabad –
380054, Gujarat, India |
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Tel. No.: |
91-79-66523100/ 26576655 |
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Fax No.: |
91-79-26578862 |
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E-Mail : |
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Website : |
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Corporate Office : |
2nd Floor, Chinubhai Centre, Ashram Road, Ahmedabad - 380009,
Gujarat, India |
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Factory 1 : |
Plot No.: 423, P/A, GIDC, Moraiya, Sarkhej Bawala Road, Ral – Sanand, Moraiya, Ahmedabad - 382213, Gujarat, India |
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Tel. No.: |
91-2717-660100, 660101 |
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Fax No.: |
91-2717-251189 |
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Factory 2 : |
7/3, GIDC Estate, Behind Dena Bank, Vatva, Ahmedabad – 382445, Gujarat, India |
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Tel. No.: |
91-79-25830207/25831279 |
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Factory 3 : |
Camp Road, Selaqui, Dehradun – 248001, Uttrakhand, India |
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Tel. No.: |
91-135-2698659/2699098/2699174/2699175 |
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Fax No.: |
91-135-2699099 |
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Factory 4 : |
Survey No. 44-B, Naldhari Village, Valia Taluka - 393135. District Bharuch, Gujarat, India |
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Tel. No.: |
91-2643-270015/270389 |
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Factory 5 : |
Plot No. 457-458, Sarkhej Bavla Highway, Matoda Village, Sanand Taluka, Ahmedabad – 382210, Gujarat, India |
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Tel. No.: |
91-2717-661298 |
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Fax No.: |
91-2717-661106 |
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Factory 6 : |
Plot No. 5, 6, 7, Pharmez, Sarkhej-Bavla Highway, Matoda Village, Sanand Taluka, Ahmedabad - 382 210, Gujarat, India |
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Tel. No.: |
91-2717-619100 |
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Fax No.: |
91-2717-619999 |
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Factory 7 : |
Near IOC Depo, N.H. No. 31A, Bhagey Khola, Majhitar, Rangpo – 737132, East Sikkim, Himalaya, India |
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Tel. No.: |
91-3592-246417/18/32 |
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Fax No.: |
91-3592-246417 |
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Factory 7 : |
85-87, Kailash Industrial Estate, Iyava Village, Sanand Taluka, Ahmedabad – 382210, Gujarat, India |
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Tel. No.: |
91-2717-284188/89/90 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Urmish Hasmukh Chudgar |
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Designation : |
Managing Director |
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Address : |
16, Nishant Bunglows Part-1, Behind Shyamal Row House
Satellite Road, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
16.02.1959 |
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Qualification : |
MD in
Oncology and Haemetoly |
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Date of Appointment : |
30.09.1996 |
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PAN No.: |
ABHPC1733G |
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DIN No.: |
00096080 |
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Name : |
Mr. Binish Hasmukh Chudgar |
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Designation : |
Managing Director |
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Address : |
11, Akashneem Bunglows, Vastrapur, Ahmedabad-380001, Gujarat, India |
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Date of Birth/Age : |
01.12.1963 |
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Qualification : |
B Com, MBA |
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Date of Appointment : |
31.05.1985 |
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PAN No.: |
ABDPC6876C |
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DIN No.: |
00119503 |
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Name : |
Mr. Nimish Hasmukh Bhai Chudgar |
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Designation : |
Managing Director |
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Address : |
13-14, Sanidhya Bunglows, Near Someshwar Complex, Shyamal Cross Road, Satellite, Ahmedabad-380053, Gujarat, India |
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Date of Birth/Age : |
19.08.1960 |
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Qualification : |
B. SC |
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Date of Appointment : |
31.05.1985 |
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PAN No.: |
ABDPC6875B |
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DIN No.: |
00212400 |
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|
Name : |
Mr. Jayesh Shantilal Shah |
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Designation : |
Whole Time Director |
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Address : |
15, Nirgun Bungalows, Near Ambrakadamb Super Society, Ramdev Nagar, Char Rasta, Ahmedabad - 380015, Gujarat, India |
|
Date of Appointment : |
21.03.2018 |
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PAN No.: |
ACSPS6242G |
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DIN No.: |
02681464 |
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|
|
Name : |
Mr. Hasmukh Chudgar |
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Designation : |
Whole-time Director |
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Address : |
13-14, Sanidhya Bunglows, Near Someshwar Complex, Shyamal Cross Road, Satellite, Ahmedabad-380053, Gujarat, India |
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Date of Birth/Age : |
16.05.1933 |
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Qualification : |
B Pharm |
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Date of Appointment : |
31.05.1985 |
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PAN No.: |
AARPC4022H |
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DIN No.: |
00172265 |
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Name : |
Ms. Kusumben Hasmukhbhai Chudgar |
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Designation : |
Director |
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Address : |
13-14, Sanidhya Bunglows, Near Someshwar Complex, Shyamal Cross Road, Satellite, Ahmedabad-380053, Gujarat, India |
|
Date of Appointment : |
01.04.2015 |
|
DIN No.: |
00279041 |
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|
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Name : |
Mr. Surender Kumar Tuteja |
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Designation : |
Director |
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Address : |
S-307, 2nd Floor, Panchsheel Park, New Delhi-110017, India |
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Date of Appointment : |
09.02.2011 |
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DIN No.: |
00594076 |
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Name : |
Mr. Tilokchand Punamchand Ostwal |
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Designation : |
Director |
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Address : |
103 Falcon's Crest, G.D. Ambekar Marg, Parel, Mumbai-400012, Maharashtra, India |
|
Date of Appointment : |
19.03.2011 |
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DIN No.: |
00821268 |
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Name : |
Mr. Hemant Devidas Sheth |
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Designation : |
Director |
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Address : |
201, Angan Building, Plot No. 40, T. V. Chidambaram Marg, Sion (East), Mumbai – 400022, Maharashtra, India |
|
Date of Appointment : |
09.02.2011 |
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DIN No.: |
01261486 |
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Name : |
Mr. Sanjiv Dwarkanath Kaul |
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Designation : |
Nominee Director |
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Address : |
22, Siris Road, DLF Qutab Enclave, Phase-3, Gurugram - 122002, Haryana, India |
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Date of Appointment : |
16.06.2012 |
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DIN No.: |
01550413 |
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|
|
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Name : |
Mr. John Geoffrey Goddard |
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Designation : |
Director |
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Address : |
38 Delvino Road, Fulham, London, Sw64aj, United Kingdom |
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Date of Appointment : |
09.02.2011 |
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DIN No.: |
03420601 |
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|
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Name : |
Mr. Venkatesh Ratnasami |
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Designation : |
Nominee Director |
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Address : |
Old No- 12, New No 25 C-1, Shanmuga Villa, Venkartaman Street, T Nagar, Chennai – 600017, Tamilnadu, India |
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Date of Appointment : |
13.11.2014 |
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DIN No.: |
03433678 |
KEY EXECUTIVES
|
Name : |
Mr. Jayesh Shantilal Shah |
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Designation : |
Chief Executive Officer |
|
Address : |
15, Nirgun Bungalows, Near Ambrakadamb Super Society
Ramdev Nagar Char Rasta Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
11.02.1964 |
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Date of Appointment : |
12.03.2015 |
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PAN No.: |
ACSPS6242G |
|
|
|
|
Name : |
Mr. Manoj Narayanan Nair |
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Designation : |
Company Secretary |
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Address : |
"Laxmi Nivas" 648/1 Sector-4 C, Gandhinagar
Gandhinagar – 382006, Gujarat, India |
|
Date of Birth/Age : |
20.10.1979 |
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Date of Appointment : |
08.06.2007 |
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PAN No.: |
AEBPN7909Q |
|
|
|
|
Name : |
Mr. Prithvi |
|
Designation : |
Treasury Manager |
MAJOR SHAREHOLDERS
AS ON 29.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Hasmukh Kesarichand Chudgar |
|
213145 |
|
Hasmukh Kesarichand Chudgar |
|
3422804 |
|
Kusumben Hasmukh Chudgar |
|
2367503 |
|
Kusumben Hasmukh Chudgar |
|
38462 |
|
Binish Hasmukh Chudgar |
|
5945735 |
|
Binish Hasmukh Chudgar |
|
301874 |
|
Bindiben Binish Chudgar |
|
6944851 |
|
Nimish Hasmukh Chudgar |
|
6164115 |
|
Nimish Hasmukh Chudgar |
|
313054 |
|
Binaben Nimish Chudgar |
|
5483291 |
|
Urmish Hasmukh Chudgar |
|
151995 |
|
Parul Urmish Chudgar |
|
7032831 |
|
Shail Urmish Chudgar |
|
4563868 |
|
Shail Urmish Chudgar |
|
233099 |
|
Intas Enterprise Private Limited |
|
4106667 |
|
Equatorial Private Limited |
|
47432000 |
|
Cytas Research Limited |
|
1509131 |
|
Dunearn Investments Pte Limited |
|
11621100 |
|
Mace CIPEF Limited |
|
3382654 |
|
Mace CGPE Limited |
|
66570 |
|
Crimson Investments Limited |
|
3397485 |
|
Vikas Srivastava as a Trustee of Link Investment Trust |
|
51738 |
|
Total |
|
114743972 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
37.63 |
|
Promoters – [Bodies corporate] |
46.23 |
|
Public/Other than promoters -[Bodies corporate] |
16.09 |
|
Public/Other than promoters – (Other -Trust) |
0.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Marketing, Distribution, Sale of Finished
Pharmaceutical Formulations, Active Pharmaceutical Ingredient (API), Medical Appliances,
Medical Devices. (Registered Activity and also confirmed by management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Divulged |
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Exports : |
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Product : |
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Countries : |
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Imports : |
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Product : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cheque, Bank Transfer and RTGS |
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Purchasing : |
L/C, Cheque, Bank Transfer and RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
12000 (approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Apaji Amin and Company LLP Chartered Accountants |
|
Address : |
304, Akansha Building, Opposite
Vadilal House, Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
PAN No.: |
ABCFA0343D |
|
|
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|
Memberships : |
Not Available |
|
|
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Collaborators : |
Not Available |
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|
Subsidiaries (As on 29.09.2017) : |
·
Accord Farma SA DE CV, Mexico ·
Accord Farmaceutica Ltda., Brazil ·
Accord Healthcare Inc., North Carolina, Usa ·
Accord Healthcare (Pty) Limited, South Africa ·
Accord Healthcare Inc., Canada ·
Accord Healthcare NZ Limited, New Zealand ·
Accord Healthcare Limited, United Kingdom ·
Accord Healthcare Sac, Peru ·
Intas Medi Devices Limited, India [CIN
No.U33110GJ2010PLC061475] ·
Andre Laboratories Limited, India [CIN No.U24231GJ1973PLC040442] ·
Astron Research Limited, United Kingdom ·
Accord Healthcare Limited [CIN No.
U24231GJ2003PLC041866] ·
Accord Healthcare Pty. Limited, Australia ·
Accord Healthcare SAS, France ·
Accord Healthcare BV, Netherlands ·
Accord Healthcare Italia SRL, Italy ·
Accord Healthcare Sociedad Limitada Spain ·
Accord Healthcare Polska Spolka Z Organiczona
Odpowiedzialnoscia, Poland ·
Accord Healthcare AB, Sweden ·
Accord Healthcare BVPA, Belgium ·
Farmabiot SA DE CV, Mexico ·
Accord Healthcare OY, Finland ·
Accord Healthcare GmbH, Austria ·
Accord Healtcare Ireland Limited, Ireland ·
Accord Healthcare SDN. BHD., Malay ·
Accord Healthcare MENA DMCC, UAE ·
Accord Biopharma Inc., USA ·
Accord Healthcare HK Limited, Hong Kong ·
Accord Healthcare s.r.o, Czech Republic ·
Accord Healthcare Private Limited, Singapore ·
Accord Healthcare Pharmaceutical LLC, Slovania ·
Accord Healthcare SRL, Romania ·
Accord Healtcare Unipessoal Lda., Portugal ·
Genim s.r.o., Czech Republic ·
Accord Healthcare GmbH, Germany ·
Accord Healthcare OU, Estonia ·
Accord Healthcare Limited, (Malta) ·
Actavis UK Limited ·
Actavis Ireland Limited ·
Accord Healthcare (Thailand) Limited |
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Associate : |
·
Alvi Intas Medical Devices Private Limited [CIN No.U33110GJ23013PTC073537] |
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Joint Venture : |
·
Alvi-Intas Medical Devices Private Limited |
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Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
· One Advertising and Communication Services Limited, |India · Lambda Therapeutic Research Limited, India · Lambda Therapeutic Research Inc., Canada · Unipath Specialty Laboratory Limited, India · Astron Packaging Limited, India · Astron Tours and Travels Private Limited, India · Advanced Transfusion Medicine Research Foundation · Equatorial Private Limited, India · Intas Enterprise Private Limited, India · Intas Welfare Trust, India · Cytas Research Limited, India |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
173916752 |
Equity Shares |
INR 10/- each |
INR 1739.167 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
114743972 |
Equity Shares |
INR 10/- each |
INR 1147.440 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 |
1147.440 |
1147.440 |
1147.440 |
|
(b) Reserves &
Surplus |
61165.689 |
50792.016 |
40836.329 |
|
(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
|
62313.129 |
51939.456 |
41983.769 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18119.716 |
156.111 |
1057.117 |
|
(b) Deferred tax
liabilities (Net) |
461.227 |
366.285 |
1288.703 |
|
(c) Other long term
liabilities |
210.481 |
203.342 |
233.732 |
|
(d) long-term provisions |
916.810 |
716.086 |
547.523 |
|
Total Non-current
Liabilities |
19708.234 |
1441.824 |
3127.075 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1468.392 |
4123.419 |
3850.283 |
|
(b) Trade payables |
10736.396 |
10032.564 |
8934.639 |
|
(c) Other current
liabilities |
516.684 |
520.558 |
395.759 |
|
(d) Short-term provisions |
354.713 |
312.320 |
413.198 |
|
Total Current Liabilities
|
13076.185 |
14988.861 |
13593.879 |
|
|
|
|
|
|
TOTAL |
95097.548 |
68370.141 |
58704.723 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12997.093 |
10010.407 |
8986.243 |
|
(ii) Intangible Assets |
7999.839 |
9161.502 |
9910.730 |
|
(iii) Capital
work-in-progress |
3411.377 |
2645.119 |
1076.981 |
|
(iv) Intangible assets
under development |
1569.937 |
1676.828 |
2959.705 |
|
(b) Non-current
Investments |
5674.741 |
5512.048 |
5434.045 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
21625.839 |
2311.085 |
3179.557 |
|
(e) Other Non-current
assets |
1645.068 |
1340.460 |
4.852 |
|
Total Non-Current Assets |
54923.894 |
32657.449 |
31552.113 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
14520.126 |
11582.011 |
7371.431 |
|
(c) Trade receivables |
21993.879 |
20639.279 |
16582.147 |
|
(d) Cash and cash
equivalents |
306.966 |
237.962 |
226.765 |
|
(e) Short-term loans and
advances |
11.032 |
12.968 |
2972.267 |
|
(f) Other current assets |
3341.651 |
3240.472 |
0.000 |
|
Total Current Assets |
40173.654 |
35712.692 |
27152.610 |
|
|
|
|
|
|
TOTAL |
95097.548 |
68370.141 |
58704.723 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
65209.494 |
56754.982 |
43867.844 |
|
|
Other Income |
221.209 |
174.421 |
534.081 |
|
|
TOTAL |
65430.703 |
56929.403 |
44401.925 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
19578.233 |
17164.908 |
14812.585 |
|
|
Purchases of
Stock-in-Trade |
6081.651 |
5466.118 |
3989.638 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1381.757) |
(1977.349) |
(11.414) |
|
|
Employees benefits
expense |
8146.097 |
6570.672 |
4528.030 |
|
|
Exceptional Item |
17062.805 |
13646.775 |
66.052 |
|
|
Other expenses |
0.000 |
4.672 |
11541.787 |
|
|
CSR Expenditure |
0.000 |
0.000 |
1.751 |
|
|
TOTAL |
49487.029 |
40875.796 |
34928.429 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
15943.674 |
16053.607 |
9473.496 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
108.796 |
180.433 |
162.871 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
15834.878 |
15873.174 |
9310.625 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2506.473 |
2404.915 |
2254.040 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
13328.405 |
13468.259 |
7056.585 |
|
|
|
|
|
|
|
Less |
TAX |
2971.509 |
2760.677 |
1430.409 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
10356.896 |
10707.582 |
5626.176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
28521.402 |
19897.036 |
15485.458 |
|
|
|
|
|
|
|
|
Due to Amalgamation
and Adjustment relating to Fixed Assets |
0.000 |
0.000 |
(382.719) |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
0.000 |
1100.000 |
650.000 |
|
|
Dividend |
0.000 |
802.285 |
0.000 |
|
|
Tax on Dividend |
0.000 |
163.326 |
0.000 |
|
|
Others |
36.173 |
17.605 |
0.000 |
|
|
Proposed Equity Dividend |
0.000 |
0.000 |
343.309 |
|
|
Corporate Dividend Tax |
|
|
69.890 |
|
|
Total |
36.173 |
2083.216 |
1063.199 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
38842.125 |
28521.402 |
19665.716 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
31112.548 |
28779.607 |
19857.267 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
90.26 |
93.32 |
54.97 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
37.914 |
40.767 |
26.400 |
|
Net cash flows from (used in) operations |
12837.944 |
7832.821 |
5677.220 |
|
Net cash flows from (used in) operating activities |
9194.017 |
4836.710 |
3629.884 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
123.11 |
132.73 |
137.97 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
2.96 |
2.75 |
2.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
152.72 |
161.81 |
173.44 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.10 |
1.39 |
1.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.61 |
0.68 |
0.41 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.33 |
0.22 |
0.25 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.31 |
0.08 |
0.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.21 |
0.29 |
0.32 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.42 |
0.45 |
0.55 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
146.55 |
88.97 |
58.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
15.88 |
18.87 |
12.83 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.89 |
15.66 |
9.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.62 |
20.62 |
13.40 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.07 |
2.38 |
2.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.96 |
1.61 |
1.46 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.66 |
0.76 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
17.10 |
3.77 |
4.30 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
3.07 |
2.38 |
2.00 |
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 |
1147.440 |
1147.440 |
1147.440 |
|
Reserves & Surplus |
40836.329 |
50792.016 |
61165.689 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
41983.769 |
51939.456 |
62313.129 |
|
|
|
|
|
|
long-term borrowings |
1057.117 |
156.111 |
18119.716 |
|
Short term borrowings |
3850.283 |
4123.419 |
1468.392 |
|
Current maturities of
long-term debts |
26.400 |
40.767 |
37.914 |
|
Total
borrowings |
4933.800 |
4320.297 |
19626.022 |
|
Debt/Equity
ratio |
0.118 |
0.083 |
0.315 |
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 |
43867.844 |
56754.982 |
65209.494 |
|
|
|
29.377 |
14.897 |
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 |
43867.844 |
56754.982 |
65209.494 |
|
Profit |
5626.176 |
10707.582 |
10356.896 |
|
|
12.83% |
18.87% |
15.88% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The Registered Office Address has been shifted from 2nd
Floor, Chinubhai Centre, Ashram Road, Ahmedabad - 380009, Gujarat, India to the
present address.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS (As on 31.03.2016)
During the year under review, the Company’s standalone Revenue from operations (Net) stood at INR 65209.494 million as compared to INR 56754.982 million for the previous year, representing an increase of 14.90%. Profit before Tax (PBT) stood at INR 13328.405 million for the year as compared to INR 13468.259 million for the previous year, decreased by ~ 1.04%; Net Profit stood at INR 10356.896 million as compared to INR 10707.582 million for the previous year, decreased by ~ 3.28%.
UNSECURED LOAN
|
Particular |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
8.144 |
18.036 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
14.273 |
104.774 |
|
Foreign currency term loans from banks |
44.904 |
547.049 |
|
Total |
67.321 |
669.859 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G54698956 |
100125104 |
STANDARD CHARTERED BANK |
04/09/2017 |
- |
- |
1846170150.0 |
MARINA BAY FINANCIAL CENTRE TOWER 1, LEVEL 23, 8 MARINA BOULEVARD NANA 018981 SG |
|
2 |
G33228222 |
100071690 |
AXIS TRUSTEE SERVICES LIMITED |
28/12/2016 |
- |
- |
32182903510.29 |
AXIS HOUSE, BOMBAY DYEING MILLS COMPOUND, PANDHURANG BUDHKAR MARG, WORLI, MUMBAI – 400025, MAHARASHTRA, INDIA |
|
3 |
G48611784 |
100072051 |
AXIS TRUSTEE SERVICES LIMITED |
28/12/2016 |
14/07/2017 |
- |
18458674000.0 |
AXIS HOUSE, BOMBAY DYEING MILLS COMPOUND, PANDHURANG BUDHKAR MARG, WORLI, MUMBAI – 400025, MAHARASHTRA, INDIA |
|
4 |
C18867440 |
90103163 |
STATE BANK OF INDIA |
25/06/1999 |
21/08/2014 |
- |
5500000000.0 |
COMMERCIAL BRANCH, PARAM, SIDDHI COMPLEX, ELLISBRIDGE, AHMEDABAD- 380006, GUJARAT, INDIA |
|
5 |
Y10197374 |
90107682 |
DENA BANK |
01/05/1998 |
- |
- |
45000000.0 |
ASHRAM ROAD BRANCH, ASHRAM ROAD, AHMEDABAD – 393009, GUJARAT, INDIA |
|
6 |
G36605764 |
10373035 |
BIOTECHNOLOGY INDUSTRY RESEARCH ASSISTANCE COUNCIL |
30/08/2012 |
14/02/2014 |
22/02/2017 |
181120000.0 |
A-254, 3RD FLOOR, VEERA TOWER, BHISHAM PITAMAH MARG, DEFENCE COLONY, NEW DELHI – 110024, INDIA |
|
7 |
G22707319 |
100019286 |
CITI BANK N.A. |
21/03/2016 |
07/04/2016 |
15/11/2016 |
1150000000.0 |
PLOT NO. C-61, BANDRA KURLA COMPLEX, G-BLOCK, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
8 |
C80416654 |
10443209 |
IDBI TRUSTEESHIP SERVICES LIMITED |
14/06/2013 |
- |
01/03/2016 |
900000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R. KAMANI MARG, BALLARD ESTATE, MUMBAI – 400001, MAHARASHTRA, INDIA |
|
9 |
C40621856 |
10242942 |
CITIBANK N. A. |
10/08/2010 |
31/03/2011 |
07/01/2015 |
500000000.0 |
301, 3RD FLOOR, REMBRANT BUILDING, OPP. ASSOCIATE PETROL PUMP, C.G. ROAD, AHMEDABAD – 380006, GUJARAT, INDIA |
|
10 |
C40616278 |
10256338 |
CITI BANK N.A. |
27/10/2010 |
24/02/2014 |
07/01/2015 |
500000000.0 |
301, 3RD FLOOR, REMBRANT BUILDING, OPP. ASSOCIATE PETROL PUMP, C.G. ROAD, AHMEDABAD – 380006, GUJARAT, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
Claims against company not acknowledged as debt |
2324.971 |
2012.402 |
|
Guarantees |
30890.005 |
321.079 |
|
Other money for which company is contingently liable |
1427.415 |
2640.155 |
|
Total |
34642.391 |
4973.636 |
FIXED ASSETS
· Land
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Computer equipments
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 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
POON |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
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 |
YES |
|
--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.