A REPORT ON
“FINANCIAL ANALYSIS OF AANJANEYA LIFECARE LTD”
Submitted To: Dr. ASHOK PANIGRAHI Associate Professor NMIMS College
Submitted By: SWAPNIL CHAVAN SHREYASH PIMPARKAR MBA Pharma Tech 2nd yr Roll No. A026 & A028
School of Pharm macy and Technology Manag gement
SHIRPUR, MAHARASHTRA
1
CERTIFICATE
This is certify that Mr. Swapnil Chavan & Mr Shreyash Pimparkar worked during the period w.e.f. 10.03.2014 to 21.03.2014 on the development of the project “Financial analysis of Aanjaneya Lifecare Limited”, in the partial fulfillment of the requirement for the degree of MBA Pharma Tech under my guidance & supervision. To the best of my knowledge, the matter represented in this project is a bonafide & genuine piece of work. During his association with the project I found him to be sincere & motivated individual. He has shown keen interest in this project & him conduct was excellent. I wish him all success in his career. Place: Mumbai
Date: 21-3-2014
Dr Kannan Vishwanath MANAGING DIRECTOR Aanjaneya Lifecare Ltd. Chembur
2
Guided by: Dr Kannan Vishwanath Managing Director Aanjaneya Lifecare Ltd. Chembur
DECLARATION
We, SWAPNIL CHAVAN & SHREYASH PIMPARKAR are bonafied students of M.B.A.Pharma Tech at NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES. Our enrollment number are A026 &A028. I hereby declare that present summer internship report titled Account of assets is my original work. I conducted this study at AANJANEYA
LIFECARE LTD”
during 10 March to 21March, 2014. This report has not been submitted earlier either with NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES and any other educational organization as an essential requirement for the award of any Diploma/ Degree.
Date- 21/03/2014
Signature: SWAPNIL CHAVAN
SHREYASH PIMPARKAR
3
PREFACE
Someone has rightly said that practical knowledge is far better than classroom teaching. During this project I fully realized this and I came to know about how a retailer chooses among a varied range of products available to him.
The subject of my study is Financial Analysis of Aanjaniya Lifecare Ltd., which has slowly but steadily evolved from a beginner to a corporate giant earning laurels and kudos throughout.
The report contains first of all brief introduction about the company. Finally there comes data presentation and analysis in the end of my project report. I also put forward some of my suggestion hoping that they will help Aanjaniya Lifecare Ltd. Move a step forward to being the very best.
4
ACKNOWLEDGEMENT
I acknowledge my deep sense of gratitude for giving me this opportunity to undergo my project with Aanjaniya Lifecare Ltd. At this moment of successful completion of the project, I would like to express my sincere thankfulness and indebtedness to all those who extended their kind help by spending their precious time in explaining the various intricacies of the subject and suggesting the correct approach to me.
To start with I would like to thank not once but twice MR.KANNAN VISHWANATH (Chairman) AND MR. PRABHAT GOYAL (M.D.) whose contribution to the project is beyond my capacity of expression.
I would like to thank Mr. LALIT SHUKLA (GM), Mr. BHANU PANDEY who had been my project guide for their understanding, gracious and constructive advice which played a major in completion of this project.
At last but not least I would also like to thanks Mr. ASHOK PANIGRAHI (Lecturer) Guide for providing insights about performing our work. This Project has been a great learning outcome for me and without his help it would not have possible for me to this project.
5
CONTENTS: 1. Introduction
• Company overview • Executive Summary • Vision,Mission,Values • Enviornmental Policy • Board of directors 2. Awards 3. Journey and Subsidiaries 4. SWOT Analysis 5. Competitors 6. Product Profile • Formulations • Others- API 7. Research and Development 8. Annual Report (2012-2013) • Balance Sheet • Profit and loss sheet 9. Financial Analysis • Introduction • Nature of financial analysis • Objective of financial analysis 24 25 25
6
8 9 10 12 13 15
17 18 19
21 22
• Type of financial analysis 10. Ratio Analysis • Financial ratios • Utility of financial ratios • Advantages • Role of financial ratios 11. Classification of Ratios • Liquidity ratios • Leverage ratios • Turnover ratios • Profitability ratios • Profitability ratios based on investment
25
26 26 26 28 29 29 30 32 34 34
7
OVERVIEW
Aanjaneya. Just what makes us different.
We are an Research driven pharmaceutical company based in India.
•
We are the third-largest quinine salts manufacturer in the world and among the-largest controlled substances quota in India !he result" global res#ect in a com#etiti$e business We manufacture %inished &osage %orms 'branded and generic( as well as their raw materials ')cti$e *harmaceutical Ingredients( !he result" an e+tended $alue chain We transformed lo,enges into a -o$el &rug &eli$er. /.stem '-&&/( for common illnesses with two dedicated 0ines for 1ard 2oiled 0o,enges !he result" e+cellent #atient com#liance We created an infringing route of s.nthesis for three com#le+ anti-cancer drugs '&oceta+el3 4emcitabine 1.drochloride and 5a#citabine( !he result" global #atents and the #ros#ects of attracti$e long-term re$enues We underta6e custom manufacture of )*Is and ad$anced Intermediates 57)8/ !he result" offering a com#etiti$e ad$antage to its clients o$er the entire life c.cle of the #roducts We underta6e !echnolog. !ransfer /er$ices 9 &ossier &e$elo#ment /er$ices !he result" re$enues generated from long term contracts
•
•
•
•
•
8
EXECUTIVE SUMMARY
Our Approach
;$er since our ince#tion3 we committed oursel$es to the highest standards of cor#orate go$ernance We belie$e that a robust cor#orate go$ernance #olic. dri$es health. business growth and reinforces $ibrant mar6ets3 besides ser$ing an im#ortant instrument of in$estor #rotection 4o$ernance also #ro$ides an a##ro#riate framewor6 for the 2oard and the 8anagement to set cor#orate obs #osition and significant changes in business acti$ities to all our sta6eholders
:
Vision, Mission, Values & Philosohy
Vision
&r &atsons stri$es to be the #remier #ro$ider to the #harmaceutical industries for de$elo#ment and commerciali,ation of new medical thera#ies in )nti 5ancer and )nti 8alarial worldwide
Mission
!o combine the strength of our e+#ertise3 e+#erience and inno$ation to ad$ance in the worldwide success of the #harmaceutical industries in #re$enting and curing disease
Values We $alue doing what@s right and demand honest.3 maintenance of confidentialit. and adherence to #rofessional standards of e+cellence We stri$e to understand our clients@ requirements and meet or e+ceed their e+#ectation with high qualit. deli$erables and ser$ice We are fle+ible and alwa.s loo6 for #roacti$e3 res#onsible solutions to ensure client satisfaction Philosophy Inno$ation dri$es growth /ensiti$e to mar6et needs and committed to inno$ation3 here at &r &atsons we focus on niche #roduct manufacturing #latforms3 combining cutting-edge technolog. and the best minds in the business Valuing People We $alue indi$idualit. and creati$it. =ur unique A*eo#le and *rocess *aradigmB hel#s achie$e the twin obs global accolades #osition it differentl. We started the tough wa. We #roacti$el. institutionali,ed best-in-league s.stems and #rocesses )nd the globe $indicated our a##roach !he result" we are #artners with global #harma leaders 4++5 • Our Chairman, Mr Kashi Vishwanathan received the Excellence Award from the Former Hon. Dy. Prime Minister of Thailand Mr Korn Dabaraasi at the Indo - Thai Economic Cooperation Summit held in Delhi in April 2009. • The Company received the Business Excellence Award at World Summit of Emerging India in July 2009. • The Company received the Quality Award from Europe Business Assembly in Vienna in December 2009. 4+)+ • The Green Business of the Year Award at Emerging India Awards by ICICI Bank, CNBC TV18 & Crisil. 4+)) • Dr Kannan Vishwanath, Managing Director, received The Outstanding Entrepreneur of the Year 2011 at the second edition of Asia Pacific Entrepreneurship Awards 2011. • The Company was nominated Emerging Company of The Year 2011 and India’s Most Technically & Scientifically Advanced Pharmaceutical Manufacturing Unit of the Year 2011 at 4th Annual Pharmaceutical Leadership Summit & Awards 2011. • The Company received India's Best Companies To Work for 2011 and ranked among Top 100. 4+)4
15
• The Company received the Corporate Governance Award for Best Practices 2012 By European Institute of Quality Research at Amsterdam on April 12th 2012. • The Company received The IMC Ramakrishna Bajaj Quality Award "Certificate of Merit" in SME Category. • The Golden Peacock National Quality Award. • The BSE Award of Best Returns to Investors by Pharmaleaders. • The Pharmexcil Best Exporter of Year (Silver) by Ministry of Commerce & Pharmexcil. • The Company received the India's Most Valuable Company in "Corporate Governance, Ethical Practice & Sustainability Vision" Award on April 6th 2012. 4+)6 • The Council of Fair Business Practices (CFB - Jamnalal Bajaj Award 2013). • The DSIR – ASSOCHAM "Emerging Pharmaceutical Company of Year". • The ICC Corporate Governance & Sustainability Award.
16
Aanjaneya Lifecare Limited
Corporate Office: *lot -o 343 *ostal 5olon.3 5hembur 8umbai 4???713 India *h" N:1-22-252645?? %a+" N:1-22-25223251 ;mail" infoOdrdatsons com
Manufacturing Facilities and Plant R&D: Reg- 'ffi!e & Uni# I K-4P1 )dditional 8I&53 8ahad 4?32?:3 &ist - 7aigad3 8aharashtra Ph78 N :1 - 2145 - 2356?? 3a98 N :1 - 2145 - 2356?2 Uni# II 4at -o 1233 *irangut3 !alu6a - 8ulshi3 &ist - *une - 4121?83 8aharashtra Ph78 N :1 - 2? - 67:?84?? 3a98 N :1 - 2? - 67:?84?3
Contact Details: &e% 2usiness 8r /hashi6ant /hinde ;+ecuti$e &irector ;mail" shindeOdrdatsons com In:es#ors 5/ Qogesh *atel 5om#an. /ecretar. 9 5om#liance =fficer ;mail" csOdrdatsons com
3or ula#ions 8rs Ra.anthi 8oil. &48 ;mail"
“FINANCIAL ANALYSIS OF AANJANEYA LIFECARE LTD”
Submitted To: Dr. ASHOK PANIGRAHI Associate Professor NMIMS College
Submitted By: SWAPNIL CHAVAN SHREYASH PIMPARKAR MBA Pharma Tech 2nd yr Roll No. A026 & A028
School of Pharm macy and Technology Manag gement
SHIRPUR, MAHARASHTRA
1
CERTIFICATE
This is certify that Mr. Swapnil Chavan & Mr Shreyash Pimparkar worked during the period w.e.f. 10.03.2014 to 21.03.2014 on the development of the project “Financial analysis of Aanjaneya Lifecare Limited”, in the partial fulfillment of the requirement for the degree of MBA Pharma Tech under my guidance & supervision. To the best of my knowledge, the matter represented in this project is a bonafide & genuine piece of work. During his association with the project I found him to be sincere & motivated individual. He has shown keen interest in this project & him conduct was excellent. I wish him all success in his career. Place: Mumbai
Date: 21-3-2014
Dr Kannan Vishwanath MANAGING DIRECTOR Aanjaneya Lifecare Ltd. Chembur
2
Guided by: Dr Kannan Vishwanath Managing Director Aanjaneya Lifecare Ltd. Chembur
DECLARATION
We, SWAPNIL CHAVAN & SHREYASH PIMPARKAR are bonafied students of M.B.A.Pharma Tech at NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES. Our enrollment number are A026 &A028. I hereby declare that present summer internship report titled Account of assets is my original work. I conducted this study at AANJANEYA
LIFECARE LTD”
during 10 March to 21March, 2014. This report has not been submitted earlier either with NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES and any other educational organization as an essential requirement for the award of any Diploma/ Degree.
Date- 21/03/2014
Signature: SWAPNIL CHAVAN
SHREYASH PIMPARKAR
3
PREFACE
Someone has rightly said that practical knowledge is far better than classroom teaching. During this project I fully realized this and I came to know about how a retailer chooses among a varied range of products available to him.
The subject of my study is Financial Analysis of Aanjaniya Lifecare Ltd., which has slowly but steadily evolved from a beginner to a corporate giant earning laurels and kudos throughout.
The report contains first of all brief introduction about the company. Finally there comes data presentation and analysis in the end of my project report. I also put forward some of my suggestion hoping that they will help Aanjaniya Lifecare Ltd. Move a step forward to being the very best.
4
ACKNOWLEDGEMENT
I acknowledge my deep sense of gratitude for giving me this opportunity to undergo my project with Aanjaniya Lifecare Ltd. At this moment of successful completion of the project, I would like to express my sincere thankfulness and indebtedness to all those who extended their kind help by spending their precious time in explaining the various intricacies of the subject and suggesting the correct approach to me.
To start with I would like to thank not once but twice MR.KANNAN VISHWANATH (Chairman) AND MR. PRABHAT GOYAL (M.D.) whose contribution to the project is beyond my capacity of expression.
I would like to thank Mr. LALIT SHUKLA (GM), Mr. BHANU PANDEY who had been my project guide for their understanding, gracious and constructive advice which played a major in completion of this project.
At last but not least I would also like to thanks Mr. ASHOK PANIGRAHI (Lecturer) Guide for providing insights about performing our work. This Project has been a great learning outcome for me and without his help it would not have possible for me to this project.
5
CONTENTS: 1. Introduction
• Company overview • Executive Summary • Vision,Mission,Values • Enviornmental Policy • Board of directors 2. Awards 3. Journey and Subsidiaries 4. SWOT Analysis 5. Competitors 6. Product Profile • Formulations • Others- API 7. Research and Development 8. Annual Report (2012-2013) • Balance Sheet • Profit and loss sheet 9. Financial Analysis • Introduction • Nature of financial analysis • Objective of financial analysis 24 25 25
6
8 9 10 12 13 15
17 18 19
21 22
• Type of financial analysis 10. Ratio Analysis • Financial ratios • Utility of financial ratios • Advantages • Role of financial ratios 11. Classification of Ratios • Liquidity ratios • Leverage ratios • Turnover ratios • Profitability ratios • Profitability ratios based on investment
25
26 26 26 28 29 29 30 32 34 34
7
OVERVIEW
Aanjaneya. Just what makes us different.
We are an Research driven pharmaceutical company based in India.
•
We are the third-largest quinine salts manufacturer in the world and among the-largest controlled substances quota in India !he result" global res#ect in a com#etiti$e business We manufacture %inished &osage %orms 'branded and generic( as well as their raw materials ')cti$e *harmaceutical Ingredients( !he result" an e+tended $alue chain We transformed lo,enges into a -o$el &rug &eli$er. /.stem '-&&/( for common illnesses with two dedicated 0ines for 1ard 2oiled 0o,enges !he result" e+cellent #atient com#liance We created an infringing route of s.nthesis for three com#le+ anti-cancer drugs '&oceta+el3 4emcitabine 1.drochloride and 5a#citabine( !he result" global #atents and the #ros#ects of attracti$e long-term re$enues We underta6e custom manufacture of )*Is and ad$anced Intermediates 57)8/ !he result" offering a com#etiti$e ad$antage to its clients o$er the entire life c.cle of the #roducts We underta6e !echnolog. !ransfer /er$ices 9 &ossier &e$elo#ment /er$ices !he result" re$enues generated from long term contracts
•
•
•
•
•
8
EXECUTIVE SUMMARY
Our Approach
;$er since our ince#tion3 we committed oursel$es to the highest standards of cor#orate go$ernance We belie$e that a robust cor#orate go$ernance #olic. dri$es health. business growth and reinforces $ibrant mar6ets3 besides ser$ing an im#ortant instrument of in$estor #rotection 4o$ernance also #ro$ides an a##ro#riate framewor6 for the 2oard and the 8anagement to set cor#orate obs #osition and significant changes in business acti$ities to all our sta6eholders
:
Vision, Mission, Values & Philosohy
Vision
&r &atsons stri$es to be the #remier #ro$ider to the #harmaceutical industries for de$elo#ment and commerciali,ation of new medical thera#ies in )nti 5ancer and )nti 8alarial worldwide
Mission
!o combine the strength of our e+#ertise3 e+#erience and inno$ation to ad$ance in the worldwide success of the #harmaceutical industries in #re$enting and curing disease
Values We $alue doing what@s right and demand honest.3 maintenance of confidentialit. and adherence to #rofessional standards of e+cellence We stri$e to understand our clients@ requirements and meet or e+ceed their e+#ectation with high qualit. deli$erables and ser$ice We are fle+ible and alwa.s loo6 for #roacti$e3 res#onsible solutions to ensure client satisfaction Philosophy Inno$ation dri$es growth /ensiti$e to mar6et needs and committed to inno$ation3 here at &r &atsons we focus on niche #roduct manufacturing #latforms3 combining cutting-edge technolog. and the best minds in the business Valuing People We $alue indi$idualit. and creati$it. =ur unique A*eo#le and *rocess *aradigmB hel#s achie$e the twin obs global accolades #osition it differentl. We started the tough wa. We #roacti$el. institutionali,ed best-in-league s.stems and #rocesses )nd the globe $indicated our a##roach !he result" we are #artners with global #harma leaders 4++5 • Our Chairman, Mr Kashi Vishwanathan received the Excellence Award from the Former Hon. Dy. Prime Minister of Thailand Mr Korn Dabaraasi at the Indo - Thai Economic Cooperation Summit held in Delhi in April 2009. • The Company received the Business Excellence Award at World Summit of Emerging India in July 2009. • The Company received the Quality Award from Europe Business Assembly in Vienna in December 2009. 4+)+ • The Green Business of the Year Award at Emerging India Awards by ICICI Bank, CNBC TV18 & Crisil. 4+)) • Dr Kannan Vishwanath, Managing Director, received The Outstanding Entrepreneur of the Year 2011 at the second edition of Asia Pacific Entrepreneurship Awards 2011. • The Company was nominated Emerging Company of The Year 2011 and India’s Most Technically & Scientifically Advanced Pharmaceutical Manufacturing Unit of the Year 2011 at 4th Annual Pharmaceutical Leadership Summit & Awards 2011. • The Company received India's Best Companies To Work for 2011 and ranked among Top 100. 4+)4
15
• The Company received the Corporate Governance Award for Best Practices 2012 By European Institute of Quality Research at Amsterdam on April 12th 2012. • The Company received The IMC Ramakrishna Bajaj Quality Award "Certificate of Merit" in SME Category. • The Golden Peacock National Quality Award. • The BSE Award of Best Returns to Investors by Pharmaleaders. • The Pharmexcil Best Exporter of Year (Silver) by Ministry of Commerce & Pharmexcil. • The Company received the India's Most Valuable Company in "Corporate Governance, Ethical Practice & Sustainability Vision" Award on April 6th 2012. 4+)6 • The Council of Fair Business Practices (CFB - Jamnalal Bajaj Award 2013). • The DSIR – ASSOCHAM "Emerging Pharmaceutical Company of Year". • The ICC Corporate Governance & Sustainability Award.
16
Aanjaneya Lifecare Limited
Corporate Office: *lot -o 343 *ostal 5olon.3 5hembur 8umbai 4???713 India *h" N:1-22-252645?? %a+" N:1-22-25223251 ;mail" infoOdrdatsons com
Manufacturing Facilities and Plant R&D: Reg- 'ffi!e & Uni# I K-4P1 )dditional 8I&53 8ahad 4?32?:3 &ist - 7aigad3 8aharashtra Ph78 N :1 - 2145 - 2356?? 3a98 N :1 - 2145 - 2356?2 Uni# II 4at -o 1233 *irangut3 !alu6a - 8ulshi3 &ist - *une - 4121?83 8aharashtra Ph78 N :1 - 2? - 67:?84?? 3a98 N :1 - 2? - 67:?84?3
Contact Details: &e% 2usiness 8r /hashi6ant /hinde ;+ecuti$e &irector ;mail" shindeOdrdatsons com In:es#ors 5/ Qogesh *atel 5om#an. /ecretar. 9 5om#liance =fficer ;mail" csOdrdatsons com
3or ula#ions 8rs Ra.anthi 8oil. &48 ;mail"