MIRA
INFORM REPORT
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Report Date : |
21st June 2006 |
IDENTIFICATION
DETAILS
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Name : |
K S OILS LIMITED |
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Registered Office : |
Jiwaji Gani Morena – 476001, Madhya Pradesh, India |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
04.02.1985 |
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Com. Reg. No.: |
10-3171 |
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CIN No.: [Company Identification No.] |
L15141MP1985PLC003171 |
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TAN No.: [Tax Deduction & Collection Account No.] |
BPLK00269D |
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Legal Form : |
A public limited liability company. The Company’s shares are
listed on the Stock Exchange. |
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Line of Business : |
The company is engaged in manufacturing of Mustard Seed Oil Cake
and oil Meal, Soyabean Oil Cake Solvent Extracted Variety, Solvent Extracted
Oil and Hydrogenated Vegetable Oil |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track.
Trade relations are fair. General financial position is satisfactory.
Payments are reported as correct and as per commitments. The company can be considered normal for business dealings at
usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Jiwaji Gani Morena – 476001, Madhya Pradesh, India |
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Tel. No.: |
91-7532-405051
to 057 & 233951 to 959 |
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Fax No.: |
91-7532-405060
& 233960 |
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E-Mail : |
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Website : |
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Factory 1 : |
Industrial Area, A.B. Road, Morena - 476 001 Madhya Pradesh,
India |
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Tel. No.: |
91-7532-232881 to 884 |
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Fax No.: |
91-7532-232885 |
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E-Mail : |
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Branches : |
Delhi Address: 4154
(SF) Naya Bazar, Delhi - 110006 India. Phone: 91-11-23955556
& 23908133 Fax: 91-11-23908447
Email: delhi@ksoils.com Contact
Person: Mr. Yogendra Sarup Cell: 91-9810009411
Mumbai Address: Room
# 12 (FF) Jayant Oil Mill Warehouse Compound, Phone:
91-22-27849782 to 783 Fax: 91-22-27849784 Email : mumbai@ksoils.com Contact
Person: Mr. Nalinesh Jha Cell:
91-9324210577 Guwahati Address:
7, R K Mour Market, Fancy Bazar, T R Phukan Road Phone:
91-361-2520364 Fax: 91-361-2603191 Contact
Person: Mr. Chandra Kamal Bhuiya Cell:
91-9864025789 Gwalior Address: Daal
Bazar, Lashkar, Gwalior - 474001 (MP) India Phone:
91-751-2320658 & 2320494 Fax: 91-751-2329262 Contact
Person: Mr. Devendra Sharma Cell: 91-9827050669 Gandhidham Address:
Gopal Bhawan, Plot # 9, Ward # 12-B, Collector Road Phone:
91-2836-234429 & 231720 Fax: 91-2836-231720 Contact
Person: Mr. Ashok Kawde Cell: 91-9825226330 |
DIRECTORS
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Name : |
Mr.
Ramesh Chand Carg |
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Designation : |
Chairman |
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Name : |
Mr. Govind Prasad Carg |
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Designation : |
Managing Director |
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Name : |
Mr. Sourabh Carg |
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Designation : |
Whole Time Director |
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Name : |
Mr. Pramod Kumar Mandlol |
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Designation : |
Director |
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Name : |
Mr. B. N. Singh |
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Designation : |
Director |
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Name : |
Mr. R. S. Slsodla |
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Designation : |
Director |
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Name : |
Mr. Y. Sarup |
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Designation : |
Chief Executive (Overseas) |
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Name : |
Mr. Vlneet Garg |
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Designation : |
Chief Executive (Operation) |
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Name : |
Mr. Vivek Carg |
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Designation : |
Chief Executive (Finance) |
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Name : |
Mr. Chandra Kamal Bhuyan |
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Designation : |
Head - Marketing (North-East) |
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Name : |
Mr. Ashok Kawade |
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Designation : |
Head - Logistics |
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Name : |
Mr. Nallnesh Jha |
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Designation : |
Head - Overseas |
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Name : |
Mr. Jayant Mltra |
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Designation : |
Head - Human Resources & Admin. |
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Name : |
Mr. Anil K. Kabra |
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Designation : |
Head' Accounts and Audit |
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Name : |
Mr. V.
K. Mathur |
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Designation : |
Head • Prod. Refined & Vanaspati |
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Name : |
Mr. V. K. Bamal |
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Designation : |
Head - Oil & Solvent |
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Name : |
Mr. Ramnlwas Gupta |
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Designation : |
Head - Accounts |
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Name : |
Mr. Vikas Rulslanl |
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Designation : |
Company Secretary |
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MAJOR SHAREHOLDERS
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Names of Shareholders |
No. of Shares |
Percentage of Holding |
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PROMOTER'S HOLDING |
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Promoters |
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Indian Promoters |
3091000 |
63.17 |
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Foreign promoters |
-- |
-- |
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Person acting In concert |
165200 |
3.38 |
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Sub-Total |
3256200 |
66.55 |
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NON-PROMOTER'S HOLDING |
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Institutional investors |
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Mutual Funds and DTI |
-- |
-- |
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Banks, Financial Institutions, Insurance Companies (Central/State Government Institutions/ Non Government Institutions) |
600 |
0.01 |
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Flls- |
-- |
-- |
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Sub-Total |
600 |
0.01 |
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OTHERS |
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Private Corporate Bodies |
372960 |
7.62 |
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Indian Public |
1263125 |
25.82 |
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NRIS/OCBs |
15 |
-- |
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Any Other |
-- |
-- |
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Sub-Total |
1656100 |
55.44 |
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Grand Total |
4892900 |
100.00 |
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BUSINESS DETAILS
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Line of Business : |
The company is engaged in manufacturing of Mustard Seed Oil Cake
and oil Meal, Soyabean Oil Cake Solvent Extracted Variety, Solvent Extracted
Oil and Hydrogenated Vegetable Oil |
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Products : |
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PRODUCTION STATUS
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Particulars |
Unit |
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Installed Capacity |
Actual Production |
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Mustard Oil (Owned) |
M.T. |
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32,920 |
-- |
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Mustard Oil (On Lease) |
M.T. |
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24.000 |
-- |
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DOC |
M.T. |
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133.200 |
93.157 |
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Solvent Extracted Oil |
M.T. |
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43,200 |
-- |
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Refined Oil |
M.T. |
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44,100 |
-- |
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Vanaspati Chee |
M.T. |
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45.000 |
13.595 |
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Tin Containers |
NOS. |
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3.600.000 |
-- |
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HOPE Jars |
NOS. |
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1.800.000 |
-- |
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Oil |
M.T. |
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52.590 |
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Empty
Tin |
NOS. |
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-- |
2.689.634 |
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GENERAL
INFORMATION
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No. of Employees : |
About 1500 |
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Bankers : |
v Central
Bank of India v
Andhra Bank |
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Facilities : |
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Banking Relations : |
Satsiacfatory |
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Auditors : |
Rathl and Company Chartered Accountants INTERNAL AUDITORS Sanjay Kailcharan Agarwal &
Associates Chartered Accountants |
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CAPITAL
STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000,000 |
Equity Shares |
Rs.
10/- each |
Rs. 100.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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4,892,900 |
Equity Shares |
Rs.
10/- each |
Rs. 48.900 millions |
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Add: Shares Forfeited |
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Rs. 0.600 millions |
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Total |
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Rs. 49.500 millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
49.500 |
49.500 |
49.400 |
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2] Equity Share Entitlement Warrants |
21.900 |
0.000 |
0.000 |
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3] Reserves & Surplus |
179.900 |
151.900 |
129.100 |
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4] Deffered Government Grant |
11.100 |
1.900 |
0.000 |
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NETWORTH |
262.400 |
203.300 |
178.500 |
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LOAN FUNDS |
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1] Secured Loans |
741.400 |
686.700 |
624.800 |
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2] Unsecured Loans |
0.000 |
44.300 |
42.900 |
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TOTAL BORROWING |
741.400 |
731.000 |
667.700 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1003.800 |
934.300 |
846.200 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net
Block] |
316.000 |
298.100 |
276.000 |
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Capital
work-in-progress |
0.000 |
1.900 |
0.300 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS
& ADVANCES |
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Inventories |
0.000
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0.000 |
738.400 |
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Sundry Debtors |
172.800
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263.200 |
247.000 |
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Cash & Bank
Balances |
71.500
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39.700 |
6.700 |
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Other Current Assets |
1146.700
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939.100 |
0.000 |
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Loans & Advances |
34.900
|
25.200 |
20.800 |
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Total Current Assets |
1425.900
|
1267.200 |
1012.900 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
721.100
|
628.000 |
438.800 |
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Provisions |
17.000
|
4.900 |
4.200 |
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Total Current Liabilities |
738.100
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632.900 |
443.000 |
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Net
Current Assets |
687.800
|
634.300 |
569.900 |
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MISCELLANEOUS
EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1003.800 |
934.300 |
846.200 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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Sales Turnover
[including other income] |
4530.100 |
4684.200 |
3445.400 |
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Profit/(Loss) Before Tax |
41.200 |
25.000 |
19.500 |
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Provision for Taxation |
7.600 |
2.400 |
1.400 |
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Profit/(Loss) After Tax |
33.600 |
22.600 |
18.100 |
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Export Value |
63.053 |
409.314 |
NA |
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Import Value |
1179.509 |
1206.567 |
NA |
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Total Expenditure |
4488.900 |
4659.100 |
3310.000 |
SUMMARISED RESULTS
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PARTICULARS |
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31.03.2006 |
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Type |
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Full
Year |
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Sales Turnover |
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6042.500 |
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Other Income |
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|
04.100 |
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Total Income |
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6046.600 |
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Total Expenditure |
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5755.400 |
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Operating Profit |
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|
291.200 |
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Interest |
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|
78.400 |
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Gross Profit |
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|
212.800 |
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Depreciation |
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|
28.500 |
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Tax |
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|
24.000 |
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Reported PAT |
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|
160.300 |
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Dividend (%) |
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|
00.000 |
KEY RATIOS
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PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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Debt-Equity Ratio |
3.32 |
3.66 |
3.93 |
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Long Term Debt-Equity Ratio |
0.46 |
0.71 |
0.84 |
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Current Ratio |
1.01 |
1.03 |
1.04 |
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TURNOVER RATIOS |
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Fixed Assets |
10.69 |
12.22 |
9.65 |
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Inventory |
4.37 |
5.63 |
4.52 |
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Debtors |
20.90 |
18.50 |
15.53 |
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Interest Cover Ratio |
1.43 |
1.27 |
1.20 |
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Operating Profit Margin(%) |
3.57 |
2.94 |
4.03 |
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Profit Before Interest And Tax
Margin(%) |
3.02 |
2.53 |
3.46 |
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Cash Profit Margin(%) |
1.29 |
0.89 |
1.10 |
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Adjusted Net Profit Margin(%) |
0.74 |
0.48 |
0.54 |
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Return On Capital Employed(%) |
14.33 |
13.39 |
13.93 |
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Return On Net Worth(%) |
15.14 |
11.84 |
10.68 |
STOCK PRICES
|
Face Value |
Rs. 10.00/- |
|
High |
Rs. 162.80/- |
|
Low |
Rs. 162.80/- |
LOCAL
AGENCY FURTHER INFORMATION
Fixed Assets
v Land
(Leasehold)
v Land
(Freehold)
v Building
v Plant
and Machinery
v Electric
Installations
v Furniture
and Fixtures
v Vehicles
v Office
Equipment
v Utilities
The type of products in each business segment are as
under :-
(a) Oil Division - Mustard Oil, Cake, Tin Container,
HOPE Jars
(b) Refinery Division - Refined Oil, Tin Container,
HOPE Jars
(c) Solvent Division - Solvented Oil, De-oiled Cake
(d) Vanaspati Division - Vanaspati Ghee, Tin
Container, HOPE Jars
Dividend
In view of the continuing good performance, the Directors recommend a
dividend @ 10% (Rs. 1.00 per equity share) on equity capital of Rs. 48.929
Millions for the financial year ended 31st March, 2005.
Consequently, the total outgo on account of dividend and tax thereon for
the financial year 2004-05 shall be Rs. 5.579 Millions.
Review of Operations
The Company's overall performance was excellent during the financial year
2004-05. The Company registered a turnover of 4530 Millions as against Rs.4680
Millions during the previous year the marginal fall in turnover is on account
of less realisation in the value of product of the Company however the company
recorded the higher sales in terms of quantity. During the year under review
Company recorded a Profit before Depreciation, Interest and Tax of Rs. 143.6
Millions as against 124.1 Millions during the previous year thus registering an
increase in the operating profit by 15.71%. The net profit after tax during the
current year at Rs. 33.6 Millions as against Rs.22.6 Millions in the previous
year thus recorded a higher ever profit.
The major contributing factors for the improved performance are :
* Increased production of Mustard oil due to good crop of Mustard/Rape
seeds which facilitate the Company to procure the best seeds at very
competitive rate.
* The retail pack of vanaspati enjoys the prime position in M.P. region
and develop brand image which resulted higher yield to the Company.
* Company has adopted strict cost control measure, better working capital
and cash management has yielded good results during the year.
* Removal of excise duty on refined edible vegetable oil and vanaspati
enhance the profit of the Company.
PERFORMANCE OF DIVISIONS
Oil Division
During the year Mustard seeds processed at 81,941 M.T. against that of
32,122 M.T. in previous year thus recorded a significant jump of 155% over the
previous year. The Company continued to be major player in the mustard oil
segment.
Refinery Division
Production of Refined oil at 14,342 M.T. as against that of 17,250 M.T.
in previous year accounted a marginal decrease of 16.85% as compared to the
previous year.
Vanaspati Division
Production of Vanaspati at 13,595 M.T. as against that of 14,880 M.T.
accounted a fall of 8.6% as compared to the previous year.
Solvent Division
During the year DOC (De-oiled Cake) produced at 93,157 M.T. as against
that of 69,972 M.T. during the pervious year thus recorded a increase by 33.13%
over the previous year.
Management Discussion and Analysis
A separate section on management discussion and analysis as stipulated in
Clause 49 of the Listing Agreement with the Stock Exchanges, is given in the
Annual Report.
Awards and Recognition
The Company won a prestigious award for the 'Highest Processor of
Rapeseed Oilcake for the year 2004-05' from The Solvent Extractors Association
of India, A Premier Association of Vegetable Oil Industry & Trade.
Corporate Governance
The company confers significant consideration to good Corporate
Governance as it contributes to enhance investors confidence, improve
investors' protection and attain highest level of transparency.
Pursuant to Clause 49 of the Listing Agreement a Report on Corporate
Governance together with the Auditor's Certificate on compliance with the
conditions of Corporate Governance is provided elsewhere in this Annual
Report.
Business
Overview
The production of major oil seeds during the oil year 2004-05
(November-October) is estimated at 29.41 Millions M.T. as against that of the
29.44 Millions M.T. in previous year. Despite of inconsistent monsoons in
2004-05 the edible oil seeds production has shown remarkable resilience. The
demand for edible oils has been increasing several fold compared to almost
stagnant oilseeds productions. Under the high GDP growth premise the demand
could double by 2010. Demand supply management of edible oils is thus a complex
task keeping in balance the interests of consumers, farmers and industry.
India's dependency on import of edible oil is almost 50% of their
requirement.
Future Outlook
The Company is planning an aggressive advertising and promotion campaign
through print and television media to further promote its mustard oil brands.
The Company's focus on Retail Sales with the establishment of sales depots at
fifteen new locations, which will cover new markets like Bihar, Rajsthan, WB,
J&K, Orissa and Chattisgarh. The Company aims to raise the share of retail
sales in total revenues.
The Company's focus on to set up overseas offices on strategic locations
to facilitate the handling of Company's import and export business
economically.
The Company is working on Backward integration by setting a 2.5 M.W.
Power Plant (Wind Mill) which will reduce the power cost for the Company and
enhance further margin for the Company.
AS PER WEBSITE
Profile
K. S. Oils
Limited is one of the leading manufactures of mustard/ rapeseed oil in India.
It has an impressive track record established over a period of 20 years since
inception in 1985. K. S. Oils now provides all type of cooking media which
include edible oils like mustard, Refined oils, Vanaspati and non edible
solvent oil and DOC.
The manufacturing facilities of the Company
situated at Morena (MP) at a large industrial complex. The processing capacity
of various units of K. S. Oils Ltd. are viz Oil mill 1325 tpd, Refinery 300
tpd, Solvent extraction plant 850 tpd, Vanaspati 200 tpd, Packaging container
25,000 pcs/day and HDPE containers 12,000 pcs/day.
The Garg family at Morena are the promoters of
the K. S. Oils Ltd, for over six generations and has all along been engaged in
edible oil business. The family has consequently acquired the sharp acumen
demanded by the highly competitive oil trade. These skills have contributed
significantly to the success of K. S. Oils.
The Company is leading name in the edible oil
industry with an annual turn over of 6040 Millions in the year 2005-06. The
Company’s flagship brands ‘Double Sher’ and ‘Kalash’ (Mustard Oil) are leaders
in Mustard Oil market. The other popular brands are KS Refined Oil, ‘Crystal
Clear’ (Soya Vegetable Refined Oil), ''KS Gold’ (Vanaspati Ghee) and KS Gold
Plus (Vanaspati Ghee) which also enjoys significant position in the edible oil
industry.
K.S. Oils Ltd., is having a huge market share in
Eastern and North-Eastern India. The Company is one of the largest and regular
supplier of edible oil to Defence organisation and exports soyabean/ rapeseed
meal to foreign buyers.
Board of
Directors
Visionary Leadership, Honed by Centuries of
Industry Experience.
The company shares the legacy of its promoters, who
bring over 100 years of experience in oilseeds. The core leadership comprises
of an eminent board of directors with impeccable experience and standing in
their relevant fields. The company is professionally managed by a cohesive and
well-structured 100-strong team comprising Chartered Accountants, MBAs,
Engineers and Chemists. On the whole, K S Oils Ltd is home to a total taskforce
of 2,000 skilled and unskilled workers.
Ramesh Chand Garg - Chairman
R. C. Garg
has more than 30 years of experience in the field of edible oil industry, agro
products and commodity exports. As Chairman, he focuses on operational
responsibilities as well as on the execution of K S Oils’s strategic plans. His
emphasis is on creating and developing the new markets for the company’s
products, exploring avenues of growth for K S Oils. Among his core agenda
include undertaking suitable technological investments and research &
development. He has been the driving force in launching the company’s products
under brands “Double Sher” and “Kalash” in the market. K S Oils owes a foremost
part of its success to the unmatched professional knowledge and industry
exposure of R. C. Garg. Under his dynamic leadership, the company has achieved
many prestigious awards from Solvent Extractor’s Association of India and
various other Business Associations.
Govind Prasad Garg - Managing Director
G. P. Garg
has more than 35 years of experience in the areas of finance and
administration. He has vast project experience, including expansion and
arranging necessary resources. The responsibility of day to day management of
operations of the Company is vested with him and under his experienced guidance
the company's operations have attained the efficiency as well as economy of
operations, immensely contributing to its growth.
A true visionary and achiever, he has played
pioneering role in placing K S Oils on a leadership position in North – East
India.
Sourabh Garg - Executive Director
Sourabh Garg
has been responsible for plant operations and is also instrumental in driving
quality as well as economy in production. Through his steady efforts, K S
Oils’s Mustard Oil products enjoys leadership position in the market. He is
focused on steering the company towards value-added products.
He is responsible for business development,
sales and marketing, product management, promoting and developing the brands
restructuring the organization to aid growth.
Under his able tutelage, the company has
attained the highest efficiency as well as economy in production, contributing to
cost reduction. Thanks to him, the company has regularly improved the standards
and quality of the products.
Brij Mahendra Nandan Singh
Non-executive
Independent Director of the Company, is having more than
35 years of experience. He has worked as senior advisor to M. P. State
Industrial Development Corporation and retired as Additional Director from
Industrial Department of Madhya Pradesh. He has also associated as consultant
with Hindustan Motors, Pithampur and Oriental Paper Mills, Amlai (Shahdol).
P. K. Mandloi - Independent Director
Mr. Mandloi
has extensive experience in banking sector and guides the organisation in
financial matters.
Dr. R. S. Sisodia - Independent Director
Dr. Sisodia
holds a Doctorate in agriculture and has been additional Director on the
Agricultural Marketing Board - State of Madhya Pradesh. He provides invaluable
insights in the areas of quality control and R & D.
Brands & Businesses
Double Sher
‘Double Sher’ Brand
dominates 50% of Mustard oil market in the North east region of India. The
brand enjoys widespread popularity and often a disruption in supply shoots up
the market price. This sought after brand commands a 3% premium over other
brands in the 15 kg tin category over other brands and enjoys 5% additional
margins in Retail packs.
Double Sher
is flagship mustard oil brand of the company and contributes to high
profitability of the company.
Available in
|
Pouches |
200 ml, 500ml and 1 Ltr. |
|
Pet Bottles |
200 ml, 500ml and 1 Ltr. |
|
Jerry Cans |
2 Ltr, 5 Ltr and 15 Ltr. |
|
Tins |
15 Ltr. |
Brands & BusinessesKalash
Kalash
is a high end premium Mustard Oil targeted for special uses and high-end
customers, e.g. in Health spas, medicinal use and a preservative for pickles.
Currently, KALASH commands 10% premium over other brands and is targeted to
increase its premium to 20%.
Available in
|
Brands & BusinessesKS Gold Vanaspati - Purity of 24 K Gold
‘K S Gold’
and ‘K S Gold Plus’ Vanaspati are white granular Vanaspati
which are multi purpose cooking medium and mostly preferred in making
traditional sweets. Vanaspati is made through the hydrogenation of crude palm
oil in the state-of-the-art plant.
K S Vanaspati contains vitamin ‘A’ and ‘E’.
Available in two brands
Available in
|
Pouches |
200 ml, 500ml and 1 Ltr. |
|
Pet Bottles |
200 ml, 500ml and 1 Ltr. |
|
Jerry Cans |
2 Ltr, 5 Ltr and 15 Ltr. |
|
Tins |
15 Ltr. |
K S Gold Vanaspati Purity of 24 K Gold
Vanaspati
- With a capacity of 150 Mt/day, the division
contributes 7% to company revenues.
- The Company’s brand Gold Plus commands a brand
premium over other Vanaspati brands and is well known for its quality in
the market.
- The Division also imports Crude Palm Oil from
Malaysia which, after refining is made into Vanaspati or Bakery Shortening
and sold into local domestic market.
Packaging
a Revolution in Retail
- In an innovative marketing move, K S Oils has
launched retail packs of 100 gm, 200 gm & 500 gms apart from the 1 ltr
pouch.
- The packaging innovation has helped the
company to broaden market reach and penetrate deeper into the rural
segments.
Brands & BusinessesKS Crystal Clear - Soya Refine Oil
Soya
- Soya beans and the foods made from them are
also rich in iron, B vitamins, calcium and zinc. Soya protein is said to
have the effect of reducing cholesterol levels in hypercholesteroaemic
people.
- Soya oil is also used in a wide variety of
non-food products like - soap, biological detergents, plastics and
CFC-free cooling agents.
K
S Soya Refined Oil / K S Gold Soya Refined Oil
- KS Soya Refined and K S Gold Soya Refined are
well known Refined Soya oil brands from K S Oils.
- The company markets these brands extensively
in the domestic markets in surrounding areas.
‘Crystal
Clear’ Soya Veg. Refined Oil
Available
in
|
Pouches |
200 ml, 500ml and 1 Ltr. |
|
Pet Bottles |
200 ml, 500ml and 1 Ltr. |
|
Jerry Cans |
2 Ltr, 5 Ltr and 15 Ltr. |
|
Tins |
15 Ltr. |
Available in
KS Refined Oil’
|
Brands & BusinessesDe-Oiled Cakes
Deoiled cake
is used as an organic supplement at the farm level and has tremendous re-use
value. These leftover extracts from Mustard & Soya Seeds - are an excellent
source of proteins and micronutrients.
Across the world, an immense demand exists from
cattle feed manufacturers for Deoiled cake. K. S. oils
exports most of its deoiled cake to other countries, earning valuable foreign
exchange for their country.
Investor InformationFinancial Highlights
KS Oils – An Investors Dream
- The Largest Processor of Mustard / Rapeseed
oil cake in India.
- Leaders in high-growth Food processing sector
with marked rise in retail sales of branded products.
- Largest supplier of edible oils to the Defence
department of India.
- Listed on Bombay Stock Exchange since 1993.
KS Oils
– An Investors Dream
- The
Largest Processor of Mustard / Rapeseed oil cake in India.
- Leaders
in high-growth Food processing sector with marked rise in retail sales of
branded products.
- Largest
supplier of edible oils to the Defence department of India.
- Listed
on Bombay Stock Exchange since 1993.
Key
Financials (Rs. in Crs.)
|
Fig.
shown by way of graph and their calculations |
03-04
(Audited) |
04-05
(Audited) |
05-06
(Unaudited) |
%
increase YOY FY 06 / FY 05 |
|
Net
sales (in Millions) |
4684.2 |
4524.5 |
6042.5 |
33.54% |
|
EBITDA
( in Millions) |
124.0 |
138.0 |
282.0 |
57.65% |
|
Net
Profit (in Millions) |
22.6 |
33.6 |
160.2 |
376.90% |
|
EPS
(in Rs) |
45.8 |
68.7 |
191.0 |
178.02% |
CareersWorking with KS Oil
As one of India’s leading names in oilseeds
& commodities sector, K S Oils offers the most potent career ground for
diverse talents. The professional approach and planned work operations in
production, marketing and branding offer a great platform for people who desire
to attain leadership status in their careers with a company that's slated for
leadership position.
Working at K S Oils
is a great experience with fair play and room for growth and overall personal
and professional development. Teamwork and dedication to quality and customer
satisfaction and attaining competitive position with better products and
service is what differentiates the company's staff and work force. Making K S
Oils one of the most progressive, productive and lucrative organisations to
work for in the Indian oilseeds industry. As leaders in their market segments,
their are always looking for talents that will consolidate and improve their
leadership position.To apply for a career at K S Oils Limited
S Oils targets
Rs 1,000 cr revenues, to invest Rs 70 cr
Mumbai, Jun 5: Madhya
Pradesh-based edible oil company, K S Oils Ltd is aiming to
achieve a turnover of Rs 1,0000 Millions this fiscal and would invest
close to Rs 700 Millions for inorganic growth, increasing the
retail market share and installation of wind mills.
"Their will invest a total Rs 500 Millions in this financial
year in acquiring a plant at Jodhpur and another plant at Guna. The remaining
investments would go in marketing through modern retail formats and
installation of two wind mills," Company Chairman Ramesh Garg told PTI
here.
K S oils is largest mustard oil crushing company with a capacity
to extract oil from 1,0000 metric tonnes of mustard seed per day.
The company also supplies other edible oils and vanaspati.
KS Oils plans to increase its retail market share to 50 per cent
from current 20 per cent of its total production through small pack sizes, he
said.
"As part of their marketing strategy their plan to increase the retail
share of their production to 50 per cent from current 20 per cent by tapping
new cities," he said.
Their have earmarked an investment of Rs seven Millions for their retail
marketing initiatives, he said.
It plans to increase the exports of its soybean and rapeseed meal this
financial year.
"Their are targeting at increasing their exports to Rs 550 Millions
from current Rs 400 Millions this fiscal," he said.
K S OILS also plans to install two additional wind mill of 2.5
megawatt (1.25 mw each) at an investment of Rs 120 Millions, he added.
CMT REPORT [Corruption,
Money laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 46.20 |
|
UK Pound |
1 |
Rs. 84.57 |
|
Euro |
1 |
Rs. 58.12 |
SCORE
& RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 and their relative weights (as indicated
through %) are as follows:
Financial condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital.
No caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational
base are regarded healthy. General unfavourable factors will not cause fatal
effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment
of interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists.
Caution needed to be exercised |
Credit not recommended |