MIRA INFORM REPORT

 

 

Report Date :

08.11.2007

 

IDENTIFICATION DETAILS

 

Name :

INDIAN FARMERS FERTILISER CO-OPERATIVE LIMITED

 

 

Registered Office :

34, Nehru Place, New Delhi – 110 019

 

 

Country :

India

 

 

Financials (as on) :

31.03.2007

 

 

Date of Incorporation :

03.11. 1967

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELI05639E

 

 

PAN No.:

[Permanent Account No.]

AAAAI0050M

 

 

Legal Form :

A co-operative society having limited liability of the members

 

 

Line of Business :

Manufacturers of Fertilizers, Pesticides and Insecticides

 

 

RATING & COMMENTS

           

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD 150000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is an old, well-established and reputed company engaged in manufacturing and marketing of a variety of Fertilizers.

 

The company’s business is growing satisfactorily. It is a professionally managed company. Trade relations are reported as fair. Payments are correct and as per commitments.

 

It can be considered normal for business dealings at usual trade terms and conditions.

 

 

LOCATIONS

 

Registered Office :

34, Nehru Place, New Delhi – 110 019, India.

Tel. No.:

91-11-26432507/26437211/26432510/26435030

Fax No.:

91-11-26463833/26425707

E-Mail :

·         info@iffcoindia.com

·         faxho@iffco.nic.in

Website :

·         http://www.iffcoindia.com

·         http://www.iffco.nic.in

Area :

Owned  --  62000 sq. ft.

Location :

Commercial  area

 

 

Factory / Warehouse  :

·         IFFCO Kalol, Kasturi Nagar, Gandhi Nagar-382423, Gujarat, India

     Tel No: - 91-2764-223256/223258/223272/223273/220202/220209/                                221056/221165/220604

     Fax No: - 91-79-23286020/21/22/23/24

 

·         IFFCO Kandla, Unit, Post Box No. 12, Gandhidham-370201, Kandla (Kuchchh), Gujarat, India

     Tel No: - 91-2826-270381/270382/270539/270639/270641

     Fax No: - 91-2836-270642/270658/270685

    

·         IFFCO Phulpur, Ghisyanagar, Allahabad-212404, Uttar Pradesh, India

     Tel No: - 91-5332-251250/251251/251252/2606420

     Fax No: - 91-5332-251252/251253

 

·         IFFCO, Aonla Unit, IFFCO Township Bareily-243403, Uttar Pradesh, India

     Tel No: - 91-581-234819/234822/234823/234822/234823

     Mobile: - 9-9837046188/9837046190

     Telefax: - 91-581-2404227

 

·         Nellore, Andhra Pradesh (Under Construction)

 

Area :

Owned             

Location :

Industrial  area

 

 

Branches :

Located All over India

Location :

 

 

 

Marketing Division :

Located at :

 

·         New Delhi

·         Chandigarh

·         Lucknow

·         Bhopal

·         Kolkata

·         Bangalore

 

 

DIRECTORS

 

Name :

Dr. U.S. Awasthi

Designation :

Managing Director

 

 

Name :

Mr. D. K. Bhatt

Designation :

Marketing Director

 

 

Name :

Mr. Rakesh Kapur

Designation :

Finance Director

 

 

Name :

Mr. V.K. Bali

Designation :

Director (Technical)

E-mail :

vkbali@iffco.nic.in

 

 

Name :

Mr. S.K Mishra

Designation :

Director (HRD)

E-mail :

skmishra@iffco.nic.in

 

 

Name :

Mr. K.L Singh

Designation :

Director (Joint ventures)

E-mail :

klsingh@iffco.nic.in

 

 

Name :

Dr. G.N Saxena

Designation :

Director (Coop. Development)

E-mail :

gnsaxena@iffco.nic.in

 

 

KEY EXECUTIVES

 

SENIOR EXECUTIVES

 

Name :

Mr. S.P Yadav

Designation :

Chief Executive Officer (ICPL)

E-mail :

spyadav@iffco.nic.in

 

 

Name :

Dr. D.K. Shukla

Designation :

Senior  Executive Director (Transportation)

E-mail :

dkshukla@iffco.nic.in

 

 

Name :

Mr. Subhash Chandra

Designation :

Senior  Executive Director (Tech)

E-mail :

subhashchandra@iffco.nic.in

 

 

Name :

Mr. S.C. Mittal

Designation :

Executive Director (MSD)

E-mail :

scmittal@iffco.nic.in

 

 

HEAD OFFICE :

 

Name :

Mr. Manish Gupta

Designation :

Senior General Manager (SMG)

E-mail :

manishgupta@iffco.nic.in

 

 

Name :

Mr. C.P. Shrivastava

Designation :

Senior General Manager

E-mail :

cpshrivastva@iffco.nic.in

 

 

Name :

Mr. R.P. Singh

Designation :

Senior General Manager (CA&P&A)

E-mail :

rpsingh@iffco.nic.in

 

 

Name :

Mr. M.G. Banga

Designation :

Senior General Manager

E-mail :

mgbanga@iffco.nic.in

 

 

Name :

Mr. D.V.S. Suryanarayana

Designation :

General Manager (Finance)

E-mail :

dvssuryanarayana@iffco.nic.in

 

 

Name :

Mr. Bhanu B Sud

Designation :

General Manager (Security & Intelligence Services)

E-mail :

bhanubsud@iffco.nic.in

 

 

Name :

Mr .V Mediratta

Designation :

General Manager (Systems)

E-mail :

vmediratta@iffco.nic.in

 

 

Name :

Mr. B. K Grover

Designation :

Joint General Manager (IA)

E-mail :

bkgrover@iffco.nic.in

 

 

Name :

Mr. N R K Sinha

Designation :

Joint General Manager (Proj.)

E-mail :

nrksinha@iffco.nic.in

 

 

Name :

Mr. Birinder Singh

Designation :

Joint General Manager (PS)

E-mail :

bsingh@iffco.nic.in

 

 

Name :

Mr. S Ramachandran

Designation :

Joint General Manager (MSD)

E-mail :

sramachandran@iffco.nic.in

 

 

Name :

Mr. S N Pandey

Designation :

Joint General Manager (Comm.)

E-mail :

snpandey@iffco.nic.in

 

 

Name :

Mr. M C Gupta

Designation :

Joint General Manager ( RM & IL )

E-mail :

mcgupta@iffco.nic.in

 

 

Name :

Mr. J N Sahu

Designation :

Joint General Manager (Vigil.)

E-mail :

jnsahu@iffco.nic.in

 

 

Name :

Mr. Harbhajan Singh

Designation :

Joint General Manager (F&A)

E-mail :

hbsingh@iffco.nic.in

 

 

Name :

Mr. A. K. Ghosh

Designation :

Joint General Manager (F&A)

E-mail :

akghosh@iffco.nic.in

 

 

.MARKETING :

 

MARKETING CENTRAL OFFICE, NEW DELHI

 

Name :

Mr. A. Roy

Designation :

General Manager

E-mail :

aroy@iffco.nic.in

 

 

Name :

Mr. D. Bhattacharyya

Designation :

General Manager (P&A )/ HRD

E-mail :

dbhattacharya@iffco.nic.in

 

 

Name :

Mr. K K Verma

Designation :

Joint General Manager (F&A)

E-mail :

kverma@iffco.nic.in

 

 

Name :

Mr. H R Singh

Designation :

Joint General Manager (Systems)

E-mail :

hrsingh@iffco.nic.in

 

 

NORTH ZONE :

 

Name :

Mr. P S Sidhu

Designation :

Joint General Manager (North)

E-mail :

pssidhu@iffco.nic.in

 

 

Name :

Mr. C S Dhama

Designation :

State Marketing Manager ( Haryana)

E-mail :

csdhama@iffco.nic.in

 

 

Name :

Mr. G S Thind

Designation :

State Marketing Manager (Punjab)

E-mail :

gsthind@iffco.nic.in

 

 

Name :

Mr H R Saharan

Designation :

State Marketing Manager ( Rajasthan)

 

 

Name :

Mr. S.S. Lehal

Designation :

State Marketing Manager ( J & K)

E-mail :

sslehal@iffco.nic.in

 

 

Name :

Mr. B. K. Sharma

Designation :

State Marketing Manager (Himachal)

 

 

NORTH CENTRAL ZONE :

 

Name :

Mr. Balbir Singh

Designation :

Zonal Manager (North Central)

E-mail :

balbirsingh@iffco.nic.in

 

 

Name :

Mr. K. P. S. Teotia

Designation :

SMM (Officiating), U.P

E-mail :

kpsteotia@iffco.nic.in

 

 

Name :

Mr. R.S. Yadav

Designation :

State Marketing Manager –Uttaranchal

E-mail :

rsyadav@iffco.nic.in

 

 

Name :

Mr. D V Singh

Designation :

State Marketing Manager ( Bihar)

E-mail :

smmbihar@iffco.nic.in

 

 

Name :

Mr. M I Hassan

Designation :

State Marketing Manager ( Jharkhand)

E-mail :

smm_ranchi@iffco.nic.in

 

 

WEST ZONE

 

Name :

Dr. S P Shukla

Designation :

General Manager (Marketing)

E-mail :

spshukla@iffco.nic.in

 

 

Name :

Mr. K N Bhanderi

Designation :

State Marketing Manager ( Gujarat)

E-mail :

smm_guj@iffco.nic.in

 

 

Name :

Dr. R R Randad

Designation :

State Marketing Manager ( MP)

E-mail :

smm_bhopal@iffco.nic.in

 

 

Name :

Mr. D.P.S. Tomar.

Designation :

State Marketing Manager ( Chhattisgarh))

E-mail :

smm_chhatisgarh@iffco.nic.in

 

 

Name :

Dr. K.G. Wankhede

Designation :

State Marketing Manager ( Maharashtra)

E-mail :

wankhedekg@iffco.nic.in

 

 

EAST ZONE

 

Name :

Dr. D P Patra

Designation :

Zonal Manager (East)

E-mail :

dpatra@iffco.nic.in

 

 

Name :

Mr. Indrajit Putatunda

Designation :

State Marketing Manager (Assam)

E-mail :

putatunda@iffco.nic.in

 

 

Name :

Mr. R K Mitra

Designation :

State Marketing Manager (West Bengal)

E-mail :

rkmitra@iffco.nic.in

 

 

Name :

Mr. S K Samantaray

Designation :

State Marketing Manager ( Orissa)

E-mail :

smmorissa@iffco.nic.in

 

 

SOUTH ZONE

 

Name :

Dr C S Rao

Designation :

Joint General Manager (Mktg)

E-mail :

csrao@iffco.nic.in

 

 

Name :

Mr. M Krishnan

Designation :

State Marketing Manager ( Tamilnadu)

E-mail :

mkrishnan@iffco.nic.in

 

 

Name :

Mr. P Subhash Babu

Designation :

State Marketing Manager ( AP)

E-mail :

psubhashbabu@iffco.nic.in

 

 

Name :

Mr. Tomgee Kallingal

Designation :

State Marketing Manager ( Kerala)

E-mail :

george@iffco.nic.in

 

 

Name :

Mr. K T Manjunath

Designation :

State Marketing Manager ( Karnataka)

E-mail :

ktmanjunath@iffco.nic.in

 

 

IFFDC

 

Name :

Dr. P S Marwaha

Designation :

Joint General Manager (Mktg)& Chief Exe IFFDC

E-mail :

psmarwaha@iffco.nic.in

 

 

AONLA UNIT

 

Name :

Mr. N C Nigam

Designation :

Sr General Manager

E-mail :

ncnigam@iffco.nic.in

 

 

Name :

Mr.  A K Singh

Designation :

General Manager (Aonla -I)

E-mail :

aksingh-aonla@iffco.nic.in

 

 

Name :

Mr.  Anil Kumar Maheshwari

Designation :

General Manager (Tech.) Aonla

E-mail :

akmaheshwari@iffco.nic.in

 

 

Name :

Mr.  O P Kathuria

Designation :

Joint General Manager (Maint.)

E-mail :

opkathuria@iffco.nic.in

 

 

Name :

Dr. Meena Srivastava

Designation :

Joint General Manager(Medical & Health Services)

E-mail :

msrivastava@iffco.nic.in

 

 

Name :

Mr.  Rajiv Srivastava

Designation :

Joint General Manager(Production)

E-mail :

rajivsrivastava@iffco.nic.in

 

 

Name :

Mr.  K N Joshi

Designation :

Joint General Manager(Commercial)

E-mail :

knjoshi@iffco.nic.in

 

 

Name :

Mr.  A K Chaturvedi

Designation :

Joint General Manager(Commercial)

E-mail :

akchaturvedi@iffco.nic.in

 

 

Name :

Mr.  J. Biswas

Designation :

Joint General Manager(Utilities)

E-mail :

jbiswas@iffco.nic.in

 

 

KALOL UNIT

 

Name :

Mr. A.K.Sinha

Designation :

Senior  General Manager

E-mail :

aksinha@iffco.nic.in

 

 

Name :

Mr. Ajay Misra

Designation :

General Manager

E-mail :

ajaymisra@iffco.nic.in

 

 

Name :

Mr. A B Motwani

Designation :

Joint General Manager(Materials)

E-mail :

abmotwani@iffco.nic.in

 

 

Name :

Mr. H. D. Mistry

Designation :

Joint General Manager (Maint.)

E-mail :

hdmistry@iffco.nic.in

 

 

Name :

Mr. A. K. Singh

Designation :

Joint General Manager (P&A)

E-mail :

aksingh@iffco.nic.in

 

 

Name :

Mr. Shamsher Singh

Designation :

Joint General Manager (Prod.)

E-mail :

shamshersingh@iffco.nic.in

 

 

Name :

Mr. B R Patel

Designation :

Joint General Manager(Materials)

E-mail :

brpatel@iffco.nic.in

 

 

Name :

Mr. B B Chhabda

Designation :

Joint General Manager(Materials)

E-mail :

bbchhabra@iffco.nic.in

 

 

Name :

Mr. Braj Kishore

Designation :

Joint General Manager(Tech)

E-mail :

brajkishore@iffco.nic.in

 

 

Name :

Mr. Anil Sahni

Designation :

Joint General Manager(F&A)

E-mail :

anilsahni@iffco.nic.in

 

 

KANDLA UNIT

 

Name :

Mr.  S. Srinivasan

Designation :

Senior General Manager- Kandla Unit

E-mail :

ssrinivasan@iffco.nic.in

 

 

Name :

Mr.  L. Murugappan

Designation :

General Manager- Kandla – I

E-mail :

lmurugappan@iffco.nic.in

 

 

Name :

Mr.  Surjeet Singh

Designation :

General Manager- Kandla II

E-mail :

surjitsingh@iffco.nic.in

 

 

Name :

Mr.  D. M. Seetharaman

Designation :

Joint General Manager

E-mail :

dmseetharaman@iffco.nic.in

 

 

Name :

Mr.  S. C. Chittora

Designation :

Joint General Manager (Overseas Proj.)

E-mail :

scchittora@iffco.nic.in

 

 

Name :

Mr.  S D Devlekar

Designation :

Joint. General Manager (Maint)

E-mail :

sddevlekar@iffco.nic.in

 

 

Name :

Mr.  A. E. Kadu

Designation :

Joint General Manager (Maint)

E-mail :

aekadu@iffco.nic.in

 

 

Name :

Mr.  P. C. Verma

Designation :

Joint General Manager (Utility)

E-mail :

pcverma@iffco.nic.in

 

 

Name :

Mr.  V. J. Mankodi

Designation :

Joint General Manager (Finance)

E-mail :

vjmankodi@iffco.nic.in

 

 

PHULPUR UNIT

 

Name :

Mr. M. Rajashekharaiah

Designation :

Senior General Manager

E-mail :

raja@iffco.nic.in

 

 

Name :

Mr. A. K. Bhargava

Designation :

General Manager

E-mail :

akbhargava@iffco.nic.in

 

 

Name :

Mr. A. M. Goswami

Designation :

Joint General Manager(Utilities)

E-mail :

amgoswami@iffco.nic.in

 

 

Name :

Mr. B. B. Sachar

Designation :

Joint General Manager(F&A)

E-mail :

bbsachar@iffco.nic.in

 

 

Name :

Mr. Ranjan Dwivedi

Designation :

Joint General Manager(P&A)

E-mail :

ranjandwivedi@iffco.nic.in

 

 

Name :

Mr. S. R. Kushwaha

Designation :

Joint General Manager(Materials)

E-mail :

srkushwaha@iffco.nic.in

 

 

Name :

Mr. Ashish Kumar Panda

Designation :

Joint General Manager(Prod-I)

E-mail :

akpanda@iffco.nic.in

 

 

Name :

Mr. Mukul Srivastava

Designation :

Joint General Manager(Prod-II)

E-mail :

mukul@iffco.nic.in

 

 

Name :

Mr. Yogesh Narula

Designation :

Joint General Manager(Tech)

E-mail :

ynarula@iffco.nic.in

 

 

Name :

Mr. G. K. Gautam

Designation :

Joint General Manager(Insp. & PH)

E-mail :

gkgautam@ifco.nic.in

 

 

Name :

Mr. Sandeep Ambekar

Designation :

Joint General Manager (Maint.)

E-mail :

snambekar@iffco.nic.in

 

 

PARADEEP UNIT

 

Name :

Mr. K.L Singh

Designation :

Director (Paradeep/Joint Ventures)

E-mail :

klsingh_pd@iffco.nic.in

 

 

Name :

Mr. M R Patel

Designation :

Senior General Manager

E-mail :

mrpatel_pd@iffco.nic.in

 

 

Name :

Mr. S.S. Tomar

Designation :

General Manager (Maint.)

E-mail :

sstomar_pd@iffco.nic.in

 

 

Name :

Mr. P A Wilson

Designation :

Joint General Manager (Maint.)

E-mail :

pawilson_pd@iffco.nic.in

 

 

Name :

Mr. P T Parmar

Designation :

Joint General Manager (Prod.)

E-mail :

ptparmar_pd@iffco.nic.in

 

 

Name :

Mr. A T Kansara

Designation :

Joint General Manager (F & A)

E-mail :

atkansara_pd@iffco.nic.in

 

 

Name :

Mr. Akhilesh P. Singh

Designation :

Joint General Manager (E&S)

E-mail :

apsingh_pd@iffco.nic.in

 

 

Name :

Mr. S K Chaudhary

Designation :

Joint General Manager (Civil)

E-mail :

skchaudhary_pd@iffco.nic.in

 

 

Name :

Mr. S K Gandhi

Designation :

Joint General Manager (Elect.)

E-mail :

skgandhi_pd@iffco.nic.in

 

 

Name :

Mr. A K Sinha

Designation :

Joint General Manager (Maint.)

E-mail :

aksinha_pd@iffco.nic.in

 

 

Name :

Mr. K C Chellappa

Designation :

Joint General Manager (Maint.)

E-mail :

kcchellappa_pd@iffco.nic.in

 

 

Name :

Mr. T N Gupta

Designation :

Joint General Manager (Utility)

E-mail :

tngupta_pd@iffco.nic.in

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

Names of Shareholders

 

Percentage of Holding

Government of India

 

18.89%

Cooperatives

 

80.66%

NCDC

 

0.45%

TOTAL

 

100.00%

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturers of Fertilizers, Pesticides and Insecticides

 

 

Brand Names :

“IFFCO”

 

 

Imports :

 

Countries :

Europe and Far East

 

 

Terms :

 

Selling :

Cash, L/C or Credit (30/60 days) terms

 

 

Purchasing :

Cash, Contract and Credit up to 30 to 60 days terms

 

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers, Retailers And Government Bodies

 

 

No. of Employees :

6500

 

 

Bankers :

·         Indian overseas Bank

·         State Bank of India

·         Bank of Baroda

·         Standard Chartered Grindlays Bank

·         The Maharashtra State Co-operative Bank Limited

·         The West Bengal State Co-operative Bank Limited

·         Madhya Pradesh State Co-operative Bank Limited

·         The Karnataka State Co-operative Bank Limited

·         The Punjab State Co-operative Bank Limited

 

 

 

Banking Relations :

Good

 

 

Auditors :
  • S, Mann and Company

Chartered Accountants

 

  • G. S. Mathur and Company

Chartered Accountants

 

  • S. Mohan and Company

Chartered Accountants

 

  • S. C. Vasudeva and Company

Chartered Accountants

 

  • S. K. Mehta and Company

Chartered Accountants

 

 

Associates/Subsidiaries :

·         Krishak Bharti Co-operative Limited (KRIBHCO)

  • Godavari Fertilizers & Chemicals Limited (GFCL), India
  • Indian Potash Limited (IPL), India
  • FFCO-TOKIO General Insurance Company Limited (ITGI)
  • Indian Farm Forestry Development Co-operative Limited (IFFDC)
  • Cooperative Rural Development Trust (CORDET)
  • Industries Chimiques Du Senegal (ICS), India
  • Oman India Fertiliser Company S.A.O.C.
  • Kisan Sewa Fund
  • IFFCO Foundation

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

90,000

Equity Shares

Rs. 100,000/- each

Rs. 9000.000 millions

50,000

Equity Shares

Rs. 10,000/- each

Rs.  500.000 millions

500,000

Equity Shares

Rs. 1,000/- each

Rs.  500.000 millions

 

Total

 

Rs. 10000.000 millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount
 
Government of India

 

 

27,536

Equity Shares

Rs. 100,000/- each

Rs. 2753.600 millions

2,000

Equity Shares

Rs. 10,000/- each

Rs.     20.000 millions

 

Total (A)

 

Rs. 2773.600 millions

 

 

 

 

 

National Co-operative Development Corporation

 

 

205

Equity Shares 

Rs. 100,000/- each

Rs.    20.500 millions

 

Total (B)

 

Rs. 20.500 millions

 

 

 

 

 

Co-operative Societies

 

 

29,709

Equity Shares

Rs. 100,000/- each

Rs. 2970.900 millions

38,788

Equity Shares

Rs. 10,000/- each

Rs.  387.880 millions

332476

Equity Shares

Rs. 1,000/- each

Rs. 332.476 millions

 

Total (C)

 

Rs. 3691.256 millions

 

 

 

 

 

Grand Total (A+B+C)

 

Rs.6485.356 millions

 

 

 

 

Less:

Repatriation to Government of India

 

Rs. 1910.539 millions

Less:

Redemption to Cooperatives

 

Rs. 6.107 millions

 
Total

 

Rs. 4568.710 millions

 

 

 

 

Add:

Forfeited Shares

 

Rs.   1.420 millions

 

 

 

 
 
GRAND TOTAL

 

Rs. 4570.130 millions

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2007

31.03.2006

31.03.2005

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

4228.300

4226.473

4212.300

2] Share Application Money

0.900

0.000

0.000

3] Reserves & Surplus

32189.200

31326.588

28798.400
NETWORTH

36418.400

35553.061

33010.700

 

 

 

 

LOAN FUNDS

 

 

 

1] Secured Loans

23989.100

16718.545

1450.600

2] Unsecured Loans

40872.100

33635.381

5112.000
TOTAL BORROWING

64861.200

50353.926

6562.600

3] Deferred Tax Liability

5340.200

4584.729

0.000

 

 

 

 

 

 

 

 
TOTAL

106619.800

90491.716

39573.300

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

48020.200

48699.225

21606.200

Capital work-in-progress

2369.900

0.000

0.000

 

 

 

 

INVESTMENTS

7404.600

7761.590

6907.300

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

Inventories

22839.400

15193.432

9237.700

Sundry Debtors

3616.800

4744.038

3246.000

Cash & Bank Balances

3308.400

982.293

1991.000

Loans & Advances

30955.100

26567.047

11682.800

Total Current Assets

60719.700

47486.810

26157.500

Less :

 

 

 

Current Liabilities

10284.700

11990.019

13654.800
Provisions

1727.600

1625.868

1710.300
Total Current Liabilities

12012.300

13615.887

15365.100
Net Current Assets

48707.400

33870.923

10792.400

 

 

 

 

MISCELLANEOUS EXPENSES

117.700

159.978

267.400

 

 

 

 
TOTAL

106619.800

90491.716

39573.300

 

PROFIT & LOSS ACCOUNT

 

PARTICULARS

 

31.03.2007

31.03.2006

31.03.2005

Sales Turnover

103301.100

99429.300

74448.200

Other Income

2446.600

714.500

 

Total Income

105747.700

100143.800

74448.200

 

 

 

 

Profit/(Loss) Before Tax

2512.500

4818.972

4732.100

Provision for Taxation

762.300

1405.440

1536.700

Profit/(Loss) After Tax

1750.200

3413.532

3195.400

 

 

 

 

Expenditures :

 

 

 

 

Raw Materials 

642.837

595.952

 

Stores and Spares

964.700

709.100

 

 

Chemicals and Catalysts

305.300

301.100

 

 

Increase/(Decrease) in Finished Goods

[7540.000]

[2396.800]

 

 

Packing Materials

1734.600

1452.300

69716.100

 

Power & Fuel

6292.600

6172.100

 

 

Purchase of Product for resale

18753.400

16337.400

 

 

Employees Remuneration and Benefits

3125.500

2776.900

 

 

Manufacturing, Administration and Distribution Expenses

9163.900

7679.800

 

 

Depreciation & Amortization

3914.900

2423.100

 

 

Interest

3539.400

1237.000

 

Total Expenditure

40897.137

37287.952

69716.100

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2007

31.03.2006

31.03.2005

PAT / Total Income

(%)
1.66

3.41

4.29

 

 
 

 

 

Net Profit Margin

(PBT/Sales)

(%)
2.43

4.85

3.36

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
2.31

5.01

9.91

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
0.07

0.14

0.14

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 
2.11

1.80

0.66

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
5.05

3.49

1.70

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

FIXED ASSETS

 

 

 

AS PER WEBSITE

 

IFFCO : Indian Farmers' Success Story

 

During mid- sixties the Co-operative sector in India was responsible for distribution of 70 per cent of fertilisers consumed in the country. This Sector had adequate infrastructure to distribute fertilisers but had no production facilities of its own and hence dependent on public/private Sectors for supplies. To overcome this lacuna and to bridge the demand supply gap in the country, a new cooperative society was conceived to specifically cater to the requirements of farmers. It was an unique venture in which the farmers of the country through their own Co-operative Societies created this new institution to safeguard their interests. The number of co-operative societies associated with IFFCO have risen from 57 in 1967 to more than 36,000 now.

 

Indian Farmers Fertiliser Co-operative Limited (IFFCO) was registered on November 3, 1967 as a Multi-unit Co-operative Society. On the enactment of the Multistate Cooperative Societies act 1984 & 2002, the Society is deemed to be registered as a Multistate Cooperative Society. The Society is primarily engaged in production and distribution of fertilisers. The byelaws of the Society provide a broad frame work for the activities of IFFCO as a Cooperative Society.

 
IFFCO commissioned an ammonia - urea complex at Kalol and the NPK/DAP plant at Kandla both in the state of Gujarat in 1975. Another ammonia - urea complex was set up at Phulpur in the state of Uttar Pradesh in 1981. The ammonia - urea unit at Aonla was commissioned in 1988. The annual installed capacity of all the plants was 1.62 million tonne of Urea and NPK/DAP equivalent to 309 thousand tonne of phosphates.

 
In 1993, IFFCO had drawn up a major expansion programme of all the four plants under overall aegis of IFFCO VISION 2000 . The expansion projects at Aonla, Kalol and Phulpur have been completed on schedule. The latest feather in the cap of IFFCO was completion of Kandla Phase-II on 5th August 1999 which has heralded realisation of all the objectives set forth under VISION - 2000. As per the tradition of IFFCO the project was completed more than two months ahead of schedule. As a result of these expansion projects IFFCO's annual capacity has been increased to 3.69 million tonne of Urea and NPK/DAP equivalent to 825 thousand tonne of phosphates. With the successful realisation of all the objectives of Vision 2000, IFFCO has emerged as a pioneer in international cooperative movement. A new path has been chalked out to realise newer dreams and greater heights through Vision 2010 which is presently under implementation.

 
The distribution of IFFCO's fertiliser is undertaken through over 36,000 co-operative societies. The entire activities of Distribution, Sales and Promotion are co-ordinated by Marketing Central Office (MKCO) at New Delhi assisted by the Marketing offices in the field. In addition, essential agro-inputs for crop production are made available to the farmers through a chain of 167 Farmers Service Centre (FSC). IFFCO obsessively nurtures its relations with farmers and undertakes a large number of agricultural extension activities for their benefit every year.

 
At IFFCO, the thirst for ever improving the services to farmers and member co-operatives is insatiable, commitment to quality is insurmountable and harnessing of mother earths' bounty to drive hunger away from India in an ecologically sustainable manner is the prime mission. All that IFFCO cherishes in exchange is an everlasting smile on the face of Indian Farmer who form the moving spirit behind this mision.


IFFCO, to day, is a leading player in India's fertiliser industry and is making substantial contribution to the efforts of Indian Government to increase foodgrain production in the country.

 

Objectives of the Website

v      To serve the cause of IFFCO’s mission as stated in the mission document available on the homepage of IFFCO. To make strategic use of IFFCO’s website to promote the mission of the organisation to improve the welfare of Indian farmers

v      Provide information on all aspects of IFFCO to visitors from both within and outside the country

v      Extend IT enabled services to farmers and cooperatives to promote IT penetration and improve IT comfort levels in rural India.

v      To evolve appropriate dissemination strategies for effective use of IT Enabled Services in Rural India

v      To extend e-services to cooperative members of IFFCO and in a phased manner, extend e-commerce through the website

v      Provide latest and reliable information and extend other services to all those actively involved in the development of Indian agriculture and rural development

v      Provide necessary information / services for suppliers to IFFCO and achieve e-procurement in a phased manner

Latest from IFFCO:

 

IFFCO lends a helping hand to earthquake victims of J&K


Indian Farmers Fertiliser Cooperative Limited (IFFCO), one of the significant players of India’s agricultural development revolution and globally acclaimed largest fertilizer cooperative has always been in the service of farmers and has catered to the needs and interests of the Nation. IFFCO has always undertaken a host of developmental activities not as a part of its ‘Corporate Social Responsibility’, but as its ‘National Duty’. IFFCO was terribly shaken by the worst ever earth quake which rocked Jammu & Kashmir region of India. IFFCO Kisan Sewa Trust has donated 11600 woollen jerseys worth Rs 1.000 Millions to provide relief and assistance to the earthquake victims of Jammu & Kashmir. Expressing his sympathy at the loss of lives and devastation caused by earthquake Mr. Surinder Kumar Jakhar, Chairman, IFFCO said that IFFCO Kishan Sewa Trust has always stood by the farming community at the time of any any natural calamity and now also it has extended and helping hand to earthquake vicitims. Mr. U S Awasthi, Managing Director, IFFCO, said, “IFFCO has always been extending help hand at the time of any natural calamity and this time also IFFCO will take all possible measures to reach out to the grief – stricken”.


Whether it was giving a new home to the Gujarat earthquake victims or coming to the rescue of the Tsunami – struck people, IFFCO has always tried to be a source of strength and support in the face of calamity.

 

IFFCO acquires Paradeep DAP/NPK Unit


16th September, 2005 was another momentous date for the fertilizer cooperative major – IFFCO.In a historic deal – the largest ever in the industry; IFFCO acquired the DAP, NPK and phosphoric acid facilities at Paradeep in Orissa from Oswal Chemicals & Fertilisers Ltd. The deal was stuck between IFFCO and Oswals for a sale consideration of Rs 21800.000 Millions that includes banks and financial institutions exposure of Rs 19150.000 Millions.

 
The Paradeep facility includes a two million tonne capacity to produce both DAP and complex fertilizers annually. It also has a phosphoric acid plant along with railway siding facility.

 
The acquisition comes in the wake of the ‘VISION 2010’ of the organization which is geared up to take new challenges and opportunities in its stride. The facility will increase the complex fertilizer capacity of IFFCO by 2 million tones – strengthening its business, assisting its efforts to bring in more opportunities to serve the farmers of the country.

 
IFFCO convened a meeting of its Board of Directors on September 28 to approve the takeover. The move was welcomed by everyone and the Board congratulated the MD and the entire management of IFFCO for taking a swift action in this regard.

 
The acquisition of DAP, NPK & Phosphoric Acid facilities is in addition to the cooperative's recent announcement to make investments worth $ one billion on setting up greenfields projects in India and abroad.


IFFCO’s Executive Director, K.L.Singh has reached Paradeep in Orissa to commence joint operation process.

 

IFFCO AONLA WINS NATIONAL SAFETY AWARD


IFFCO Aonla Unit has won the National Safety Award for outstanding performance in Industrial Safety as Runner- Up during the year 2004 based on Longest Accident Free Year.

 
The achievement reflects the corporate culture on safety and health built with commitement and leadership from the top.

 
This award was presented by Shri K. M. Sahani, Hon'ble Secretary , Ministry Of Labour & Employment , Govt. Of India at a function held on 17th September , 2005 at Vigyan Bhawan , New Delhi.


Others diginitaries present in the function included Shri. J. P. Singh Addional Secy. & Shri . Chandra Moulli, Joint Secy., Ministry Of Labour & Employment, Govt. Of India. Shri. S. K. Saxena , Director General , Regional Labour institute(R.L.I) also graced the occasion.

 
The award was received by Sh. H. C. Dave, Executive Director , Aonla Unit.

 

 

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 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.39.27

UK Pound

1

Rs.82.24

Euro

1

Rs.57.48

 

 

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.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions