1. Summary Information
|
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|
Country |
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Company Name |
VIDEOCON INDUSTRIES LIMITED |
Principal Name 1 |
Mr. Pradeepkumar
N Dhoot |
|
Status |
Good |
Principal Name 2 |
Mr. Venugopal
Nandlal Dhoot |
|
|
|
Registration # |
11-103624 |
|
Street Address |
14, K M
Stone, Aurangabad – Paithan Road, Village Chittegaon, Taluka Paithan,
Aurangabad – 431105, Maharashtra, India |
||
|
Established Date |
04.09.1986 |
SIC Code |
-- |
|
Telephone# |
91-2431-251501/
02/ 03/ 04 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-2431-240391/ 251551 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electric Consumer
Durables |
|
|
# of employees |
8500 (Approximately) |
Product Name 2 |
Home Appliances. |
|
Paid up capital |
Rs.
2,754,160,000/- |
Product Name 3 |
-- |
|
Shareholders |
Shareholding of Promoter and
Promoter Group – 71.96% Public Shareholding – 28.04% |
Banking |
State Bank of |
|
Public Limited Corp. |
YES |
Business Period |
25 years |
|
IPO |
YES |
International Ins. |
- |
|
Public |
YES |
Rating |
Ba
(47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates/Subsidiary |
|
Paramount Global Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
30.09.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
70,321,660,000 |
Current Liabilities |
9,839,040,000 |
|
Inventories |
17,634,930,000 |
Long-term Liabilities |
90,845,470,000 |
|
Fixed Assets |
60,202,730,000 |
Other Liabilities |
5,123,380,000 |
|
Deferred Assets |
0 |
Total Liabilities |
105,807,890,000 |
|
Invest& other Assets |
30,648,990,000 |
Retained Earnings |
69,296,250,000 |
|
|
|
Net Worth |
73,000,420,000 |
|
Total Assets |
178,808,310,000 |
Total Liab. & Equity |
178,808,310,000 |
|
Total Assets (Previous Year) |
161,741,160,000 |
|
|
|
P/L Statement as of |
30.09.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
91,630,410,000 |
Net Profit |
4,006,620,000 |
|
Sales(Previous yr) |
97,536,540,000 |
Net Profit(Prev.yr) |
8,542,950,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
VIDEOCON
INDUSTRIES LIMITED (w.e.f.
10.11.2003) |
|
|
|
|
|
|
Formerly Known
as: |
VIDEOCON LEASING AND INDUSTRIAL FINANCE PRIVATE LIMITED (w.e.f.
14.02.1991) ADHIGAM TRADING PRIVATE LIMITED |
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Registered
Office : |
14, K M Stone, |
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Country: |
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Financials (as
on): |
30.09.2009 |
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Date of
Incorporation : |
04.09.1986 |
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|
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Com. Reg. No.: |
11-103624 |
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|
Capital
Investment / Paid-up Capital : |
Rs. 2754.160
Millions |
|
|
|
|
|
|
CIN No.: [Company
Identification No.] |
L99999MH1986PLC103624 |
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|
TAN No.: [Tax
Deduction & Collection Account No.) |
MUMV09411D NSKV01616G |
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PAN No.: (Permanent
Account No.) |
AABCV4012H |
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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 : |
Manufacturer of
Electronic / Electric Consumer Durables and Home Appliances. |
|
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|
|
|
|
No. of Employees
: |
8500
(Approximately) |
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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|
|
|
|
Maximum Credit
Limit : |
USD 290000000 |
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|
|
|
Status : |
Good |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
|
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Comments : |
Subject is a well
established and a reputed company having good track. Financial position of
the company appears to be sound. Directors are experienced and respectable
businessmen. Trade relations are reported as fair. Business is active.
Payments are reported to be regular and as per commitments. The company can
be considered good for normal business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered
Office / Plant : |
14, K M Stone, Aurangabad – Paithan Road, Village Chittegaon,
Taluka Paithan, Aurangabad – 431105, Maharashtra, India |
|
Tel. No.: |
91-2431-251501/ 02/ 03/ 04 |
|
Fax No.: |
91-2431-240391/ 251551 |
|
Email : |
For General Inquiries : contact@videoconmail.com
For Services : customercare@vgmail.in
For Career : jobs@videocornmail.com
For Marketing : marketing@vgmail.in |
|
Website : |
|
|
|
|
|
Corporate Office : |
|
|
Tel. No. : |
91-22-66113500 |
|
Fax No. : |
91-22-66551985 |
|
|
|
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Marketing Office : |
296, Udyog Vihar, Phase – II, Gurgaon, |
|
Tel. No. : |
91-124-4215402 |
|
|
|
|
Factory : |
Auto Cars
Compound, |
|
Tel. No.: |
91-240-2320750 |
|
Fax No.: |
91-240-2333704 |
|
|
|
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Plant 2: |
Videocon Appliances Limited 15 Km Stone, |
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|
|
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Plant 3: |
Videocon
Communication Limited Gut No 350, Bhalgaon, Dist: |
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|
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Plant 4: |
Applicomp ( Survey No-6 To 11, |
|
|
|
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Plant 5: |
Indian
Refrigerator Company Limited Plot No-72 (Phase -1), Sipcot Industrial Complex,
Hosur – 635126 |
|
|
|
|
Plant 6: |
Kitchen Appliances
India Limited Sector –V, Block B.P, |
|
|
|
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Plant 7: |
Millennium Appliances India Limited |
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|
|
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Plant 8 : |
Videocon Narmada Glass P.O Box
No-68, Videocon House, Village Chhavaj, Bharuch – 392002 |
|
|
|
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Plant 9: |
Village
Majara, Taluka Warora, District Chandrapur, |
|
|
|
|
Plant 10: |
Plot No. 28, Khasra
No. 293, Industrial Area, Selaklul, Vikasnagar, Dehradun, Uttaranchal |
|
|
|
|
Plot 11: |
Vigyan Nagar,
RICO Industrial Area, Shajanpur, District Alwar, Rajasthan |
|
|
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Plot No. 12: |
A-32, Butibon
Industrial Area, Village Rukhiri, |
|
|
|
|
Branch 1 : |
Videocon International Limited Shenzhen Representative Office, Room 5106, 51st Floor, Diwang
Commercial Centre 5002, Shun |
|
Tel. No.: |
+
86-755-25833-845 Upto 850 |
|
|
|
|
Branch 2 : |
Thomson |
|
Tel. No.: |
+ 33-141-86-54-11 |
|
|
|
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Branch 3 : |
Thomson Displays Polska Sp. Z O
O Ul. Gen. L. Okulickiego 7/9, 05-500 Piaseczno |
|
Tel. No.: |
(48 22) 7571112 |
|
|
|
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Branch 4 : |
Thomson
Displays |
|
Tel. No.: |
+ 39-775-701275 |
DIRECTORS
As on 30.03.2010
|
Name : |
Mr. Pradeepkumar
N Dhoot |
|
Designation : |
Whole Time
Director |
|
Address : |
99, Videocon
House, 1st Floor, Manav Mandir Road, Napean Sea Road, Mumbai –
400006, Maharashtra, India |
|
Date of Birth : |
22.03.1960 |
|
Date of
Appointment : |
16.02.1991 |
|
|
|
|
Name : |
Mr. Venugopal
Nandlal Dhoot |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
90, Manav Mandir,
|
|
Date of Birth
: |
30.09.1951 |
|
Qualification
: |
B.E. (Electrical),
FIE |
|
Date of Appointment : |
01.06.2005 |
|
|
|
|
Name : |
Mr. Subramanian
Padmanabham |
|
Designation : |
Director |
|
Address : |
30, Vishrambag
Society, Senapati Bapat Marg, Pune – 411016, |
|
Date of Birth : |
01.09.1939 |
|
Date of
Appointment : |
01.06.2005 |
|
|
|
|
Name : |
Mr. Radhey Shyam
Agarwal |
|
Designation : |
Director |
|
Address : |
A-102, Chaitanya
Tower, Near Karur Vysya Bank, Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
Date of Birth : |
02.10.1942 |
|
Date of
Appointment : |
30.03.2009 |
|
|
|
|
Name : |
Mr. Arun Laxman
Bongirwar |
|
Designation : |
Director |
|
Address : |
2, Jackson House,
MBPY Colony, Sasoon Dock, Dumyne Road, Colaba, Mumbai – 400005, Maharashtra,
India |
|
Date of
Appointment : |
08.12.2005 |
|
|
|
|
Name : |
Mr. Satya Pal
Talwar |
|
Designation : |
Director |
|
Address : |
162, Kshitij, 47,
|
|
Date of Birth : |
14.06.1939 |
|
Date of
Appointment : |
08.12.2005 |
|
|
|
|
Name : |
Mr. Ajay Saraf |
|
Designation : |
Nominee Director |
|
Address : |
702, ICICI Bank
Limited, |
|
Date of Birth : |
16.12.1969 |
|
Date of
Appointment : |
07.07.2005 |
|
|
|
|
Name : |
Mr. Karunchardra
Adityaprasad Srivastava |
|
Designation : |
Director |
|
Address : |
306, Shalaka,
Maharshi Karve Marg, Mumbai – 400021, |
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Date of Birth : |
10.02.1944 |
|
Date of
Appointment : |
09.04.2007 |
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|
|
|
Name : |
Mr. Sudhir
Chintamani Nilkanth Jatar |
|
Designation : |
Director |
|
Address : |
A-102, Neel
Sadan, 1426, Sadashiv Peth, Pune – 411030, |
|
Date of Birth : |
03.09.1932 |
|
Date of
Appointment : |
01.06.2005 |
|
|
|
|
Name : |
Mr. Birendra
Narain Singh |
|
Designation : |
Nominee Director |
|
Address : |
MMB 1/163, Sector
B, |
|
Date of Birth : |
20.03.1943 |
|
Date of
Appointment : |
27.10.2008 |
|
|
|
|
Name : |
Mr. Birgit
Gunilla Antonio Nordstrom |
|
Designation : |
Additional
Director |
|
Address : |
130, The Edge on
Cairnhill, |
|
Date of Birth : |
29.01.1959 |
|
Date of
Appointment : |
23.01.2009 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod Kumar Bohar |
|
Designation : |
Company Secretary |
|
Address : |
204, Videocon House, Gangapur Gin Compound, |
|
Date of Birth : |
20.05.1974 |
|
Date of Appointment : |
20.03.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 31.03.2011)
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
509,009 |
0.18 |
|
|
206,218,687 |
71.77 |
|
|
50,624 |
0.02 |
|
|
50,624 |
0.02 |
|
|
206,778,320 |
71.96 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
206,778,320 |
71.96 |
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
1,639,193 |
0.57 |
|
|
10,214,034 |
3.55 |
|
|
18,247,250 |
6.35 |
|
|
8,604,978 |
2.99 |
|
|
373,361 |
0.13 |
|
|
373.361 |
0.13 |
|
|
39,078,816 |
13.60 |
|
|
|
|
|
|
30,729,659 |
10.69 |
|
|
|
|
|
|
7,105,668 |
2.47 |
|
|
3,659,106 |
1.27 |
|
|
41,464,433 |
14.44 |
|
Total
Public shareholding (B) |
85,573,249 |
28.04 |
|
Total
(A)+(B) |
287,351,569 |
100.00 |
|
(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
- |
- |
|
|
- |
- |
|
|
14,612,965 |
4.84 |
|
|
14,612,965 |
4.84 |
|
Total
(A)+(B)+(C) |
301,963,634 |
100.00 |
(1) Indian
Individuals / Hindu Undivided Family
Firm
BUSINESS DETAILS
|
Line of
Business : |
Manufacturer of
Electronic / Electric Consumer Durables and Home Appliances. |
GENERAL INFORMATION
|
No. of Employees
: |
8500
(Approximately) |
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Bankers : |
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Facilities : |
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Banking Relations : |
-- |
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Auditors : |
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Name: |
Khandelwal Jain
and Company Chartered
Accountant |
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|
Address: |
12-B, Baldota
Bhavan, 117, Maharshi Karve Road, Opposite Churchgate Railway Station,
Mumbai-400020, Maharashtra, India |
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Name: |
Kadam and Company Chartered Accountant |
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Address: |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000000 |
Equity Shares |
Rs.10/- Each |
Rs.5000.000 Millions |
|
10000000 |
Redeemable
Preference Shares |
Rs. 100/- Each |
Rs. 1000.000 Millions |
|
|
Total |
|
RS. 6000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
229406816 |
Equity Shares |
Rs.10/- Each |
Rs. 2294.070 Millions |
|
|
Of the above : a) 95,078 (Previous year 95,078) Equity Shares of Rs.10/-
each have been issued on conversion of 20% Unsecured Optionally Convertible
Debentures. b) 156,394,378 (Previous year 156,438,326) Equity Shares of
Rs.10/- each were allotted pursuant to amalgamations without payments being
received in cash. c) 45,777,345 (Previous year 45,777,345) Equity Shares of
Rs.10/- each were issued by way of Euro issues represented by Global
Depository Receipts (GDR) at a price of US$ 10.00 per share (inclusive of
premium). d)
8,464,515 (Previous
year 8,464,515) Equity Shares of Rs.10/- each have been issued on conversion
of 86,529 Foreign Currency Convertible Bonds of US$ 1000 each (inclusive of
premium) |
|
|
|
|
Less : Calls in Arrears - by others |
|
0 |
|
|
|
(A) |
Rs. 2294.070 Millions |
|
4523990 |
8% Redeemable Preference Shares |
Rs. 100/- each |
Rs. 452.400 Millions |
|
76870 |
8% Redeemable Preference Shares |
Rs. 100/- each |
Rs. 7.690 Millions |
|
|
|
(B) |
Rs. 460.090 Millions |
|
|
Total |
(A) + (B) |
Rs. 2754.160 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share Capital |
2754.160 |
2753.110 |
2669.540 |
|
|
2] Share
Application Money |
950.010 |
0.000 |
0.000 |
|
|
3] Reserves &
Surplus |
69296.250 |
65384.860 |
54114.270 |
|
|
4] (Accumulated
Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
73000.420 |
68137.970 |
56783.810 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
67350.370 |
44012.540 |
33435.010 |
|
|
2] Unsecured
Loans |
23495.100 |
36043.400 |
19161.350 |
|
TOTAL BORROWING
|
90845.470 |
80055.940 |
52596.360 |
|
|
DEFERRED TAX
LIABILITIES |
5123.380 |
4244.300 |
2579.000 |
|
|
|
|
|
|
|
TOTAL
|
168969.270 |
152438.210 |
111959.170 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
60202.730 |
59266.710 |
53194.710 |
|
Capital work-in-progress
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT
|
30648.990 |
26955.880 |
20924.970 |
|
DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
17634.930
|
15688.640
|
13936.440
|
|
|
Sundry Debtors
|
17081.130
|
15828.890
|
13142.540
|
|
|
Cash & Bank Balances
|
4985.060
|
3882.840
|
8891.080
|
|
|
Other Current Assets
|
320.430
|
185.740
|
227.060
|
|
|
Loans & Advances
|
47935.040
|
39932.460
|
12514.130
|
Total Current Assets
|
87956.590
|
75518.570
|
48711.250
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
8530.825
|
7768.760
|
7933.587
|
|
|
Sundry Creditors
|
6.295 |
14.480 |
5.953 |
|
|
Provisions
|
1301.920
|
1519.710
|
2932.220
|
Total Current Liabilities
|
9839.040
|
9302.950
|
10871.760
|
|
Net Current Assets
|
78117.550
|
66215.620
|
37839.490
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
168969.270 |
152438.210 |
111959.170 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
91630.410 |
97536.540 |
82854.240 |
|
|
|
Other Income |
340.150 |
288.220 |
1663.620 |
|
|
|
TOTAL (A) |
91970.560 |
97824.760 |
84517.860 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
9436.940 |
7815.630 |
6791.830 |
|
|
|
Raw Material Consumed |
56143.960 |
52910.470 |
48981.340 |
|
|
|
Production and Exploration Expenses – Oil
and Gas |
7206.860 |
12379.600 |
8737.910 |
|
|
|
Salaries, Wages, Bonus, etc. |
1264.230 |
1158.180 |
1053.480 |
|
|
|
TOTAL (B) |
74051.990 |
74263.880 |
65564.560 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17918.570 |
23560.880 |
18953.300 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6363.610 |
4011.030 |
3106.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11554.960 |
19549.850 |
15846.790 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5771.520 |
6602.070 |
5017.830 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5783.440 |
12947.780 |
10828.960 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1776.820 |
4404.830 |
2276.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
4006.620 |
8542.950 |
8552.190 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20619.940 |
14516.420 |
NA |
|
|
|
|
|
|
|
|
|
Add |
EXCESS PROVISION
FOR INCOME TAX FOR EARLIER YEARS WRITTEN BACK |
736.820 |
7.320 |
NA |
|
|
|
|
|
|
|
|
|
Less |
SHORT PROVISION OF
FRINGE BENEFIT TAX FOR EARLIER YEARS |
0.000 |
0.170 |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend – Equity |
462.530 |
229.450 |
|
|
|
|
Proposed Dividend – Preference |
36.810 |
36.810 |
|
|
|
|
Tax on Dividend |
84.860 |
45.250 |
|
|
|
|
Tax on Dividend for earlier years |
0.000 |
0.070 |
|
|
|
|
Transfer to Debenture/Bonds Redemption
Reserve |
1340.740 |
135.000 |
|
|
|
|
Transfer to General Reserve |
1000.000 |
2000.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
22438.400 |
20619.940 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
5224.280 |
6077.340 |
4364.320 |
|
|
|
Interest |
1.960 |
3.430 |
16.920 |
|
|
TOTAL EARNINGS |
5226.240 |
6080.770 |
4381.240 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
11093.450 |
11411.610 |
7152.700 |
|
|
|
Capital Goods |
1765.760 |
217.880 |
590.020 |
|
|
TOTAL IMPORTS |
12859.210 |
11629.490 |
7742.720 |
|
|
|
|
|
|
|
|
|
|
EARNINGS PER
SHARE (RS.) |
|
|
|
|
|
|
BASIC |
20.49 |
37.44 |
38.66 |
|
|
|
DILUTED |
19.47 |
36.64 |
35.70 |
|
QUARTERLY RESULTS
|
PARTICULARS |
31.12.2009 |
31.03.2010 |
30.06.2010 |
30.09.2010 |
31.12.2010 |
31.03.2011 |
|
|
1st Quarter
|
2nd Quarter
|
3rd Quarter
|
4th
Quarter |
5th
Quarter |
6th
Quarter |
|
Net Sales |
28065.600 |
28408.300 |
28936.500 |
29854.600 |
31511.700 |
31825.600 |
|
Total Expenditure |
23172.400 |
23222.200 |
23766.800 |
24509.400 |
25888.200 |
26009.600 |
|
PBIDT (Excl OI) |
4893.200 |
5186.100 |
5169.700 |
5345.200 |
5623.500 |
5816.000 |
|
Other Income |
38.200 |
53.300 |
117.400 |
125.800 |
91.400 |
82.700 |
|
Operating Profit |
4931.400 |
5239.400 |
5287.100 |
5471.000 |
5714.900 |
5898.700 |
|
Interest |
1697.600 |
1733.700 |
1734.200 |
1778.700 |
1939.600 |
2036.500 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
PBDT |
3233.800 |
3505.700 |
3552.900 |
3692.300 |
3775.300 |
3862.200 |
|
Depreciation |
1392.100 |
1409.200 |
1416.000 |
1443.100 |
1476.700 |
1495.300 |
|
Profit Before Tax |
1841.700 |
2096.500 |
2136.900 |
2249.200 |
2298.600 |
2366.900 |
|
Tax |
525.000 |
600.000 |
600.000 |
650.000 |
675.000 |
700.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
1316.700 |
1496.500 |
1536.900 |
1599.200 |
1623.600 |
1666.900 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Profit |
1316.700 |
1496.500 |
1536.900 |
1599.200 |
1623.600 |
1666.900 |
KEY RATIOS
|
PARTICULARS |
|
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
PAT / Total Income |
(%) |
4.36
|
8.73
|
10.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.31
|
13.27
|
13.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.90
|
9.61
|
0.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.19
|
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.38
|
1.31
|
1.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.94
|
8.12
|
4.48 |
LOCAL AGENCY FURTHER INFORMATION
CHANGE OF ADDRESS
:
Registered office of the company has been shifted from Auto Cars
Compound,
BIODATA
An Indian multinational company, which involved in the key sectors of
Consumer Durables, Display and Color Picture Tube, CRT Glass, Oil and Gas is
named as Videocon Industries Limited. The Company was incorporated in 4th
September of the year 1986 as Adhigam Trading Private Limited for the business
of trading in paper tubes. For manufacture the products under the Videocon, the
company have 8 plants situated in Tq- Paithan, Bhalgaon,
The Company's Black and White and Color TV, Washing Machines released in the
year 1987. In September of the year 1988, the company decided to diversify in
the business of lease financing, hire purchase and investment activities. The
home entertainment systems, electronic motors and air conditioners were
partaken under Videocon during the year 1989-1990. The Management of the
Company underwent a change in the year 1990-91 by way of transfer of equity
shares to the Videocon Group. VIL had outfitted the refrigerators and coolers
in the period of 1991. The name of the company was changed from Adhigam Trading
Private Limited to Videocon Leasing and Industrial Finance Limited in 14th
February of the year 1991. During the year 1995, the company made its footprint
in glass shells for CRT segment. After a year, in 1996, VIL had diversifies
into oil sector, the crude oil was the most concentrated one in the same
period. The Company had formulated and released compressors and compressor
motors in the year 1998. The notable thing in the company's saga was happened
in the year 2000; VIL had taken over the Philips color TV plant.
Petrocon India Limited was amalgamated with the Company effect from 31st
March of the year 2004; this resulted in the Company getting into oil and gas
business. With merger of Petrocon, the company had become a member of the
consortium that operates the Ravva Oil and Gas fields. In the same year of
2004, the company had changed its name to Videocon Industries Limited from
Videocon Leasing and Industrial Finance Limited. Videocon Securities Limited
was become as subsidiary of the company with effect from 15th June of the year
2004. During the year 2005, the company taken the three plants of Electrolux
To strengthen and maintain and its leadership status, the Videocon group has
clearly charted out its course for the future. Aggressive development is in
full swing at the R and D Centres to bring out state-of-the-art technologies
including True Flat, Slim, Extra Slim, Plasma and LCDs, at the earliest. In the
Oil and Gas business, having all the basic operator capabilities of a
prospecting entity, the group is looking to add more explorations and
production depth as also oil-bearing assets. The group will also get into gas
distribution in
OPERATIONS
CONSUMER
ELECTRONICS and HOME APPLIANCES:
Undeterred by the economic uncertainties looming large over
the global horizon, the Company
has made positive strides in its Consumer Electronics Home Appliances Business and Company has
posted a
stable performance thanks to the
technological up-gradation; multi-brand strategy; aggressive marketing; launch of new logo; and
focused penetration In the key markets.
OIL and GAS:
The Company, through its wholly owned subsidiaries and / or joint ventures
is carrying on the exploration activities in the oil
and gas
fields in
As a part of Company's overall plans of acquiring further interests
in oil
and gas fields worldwide, the Company, through one
of its
subsidiaries, acquired a 12.5%
participating interest in Production
Sharing Contract, covering the area referred to as Nunukan
Block, located offshore Indonesia.
During the year a pre-salt discovery was announced
in the Wahoo prospect offshore Brazil block in the Campos
basin wherein VB Brazil Petroleo
Private Limiteda, a joint venture
company of the Company
with Bharat Petro Resources
Limited, through its wholly owned subsidiary,
holds, a 25% participating
interest.
Subsequent to the balance sheet date, more than 480 net feet of natural
gas pay in high quality reservoir sands
with a gross column of more than
1,200 feet was encountered in
Rovuma Basin, Area 1; offshore Mozambique,
wherein one of the subsidiaries
of the Company holds 10% participating interest.
Meanwhile, the Company continues to reap dividends from its oil, and gas
venture in Ravva Oil and Gas Field in
TELECOM
Videocon Telecommuncations Limited ('VTL'), (formerly Datacom
Solutions Limited), one of the
subsidiaries of the Company, has been awarded
License to provide Unified Access
Services in 21 local service areas and has
also been allotted spectrum in 20 of these local service areas.
VTL is in process of launching
the mobile services and has substantially completed creation of the basic
infrastructure for the same. VTL has signed interconnect and roaming agreements
with various operators and has entered
into long term
master service agreements
with various reputed infrastructure providers for usage of
their passive telecom infrastructure
services. VTL plans to roll out its mobile services
commercially in six circles
by March 2010 and will be present in 11 circles by June 2010. VTL plans to roll out the mobile services
commercially in rest of the telecom
service areas where spectrum has been allotted, by December 2010.
POWER
One of the subsidiaries of the Company, Pipavav Energy
Private Limited ('PEPL')
is implementing a Power project
in Gujarat, near Pipavav port,
Village Bherai, Taluka
Rajula, District Amreli, Gujarat.
This will be a
thermal power plant
with a capacity of 1,200 MW and
the same will
be completed in two
phases. PEPL has signed
necessary Memorandum of Understanding with
the Government of Gujarat whereby the Government of Gujarat
has agreed to provide all
required support to the project. PEPL
has obtained necessary
environmental clearances from Gujarat Pollution Control Board for constructing
the power plant and has also obtained CRZ clearance from State Department of
Environment and
The Company is also considering power projects in the other parts of the
country and also evaluating alternate technologies for the same.
MANAGEMENT
DISCUSSION AND ANALYSIS
INDUSTRY OVERVIEW
The Consumer Electronics Industry broadly comprises of Brown Goods, White Goods and Small Domestic Appliances, as
detailed hereunder:
Brown Goods
·
Colour Televisions
·
LCD TVs
·
Plasma TVs
·
CD and DVD Players
·
·
Still Cameras
·
Video Game Consoles
·
HiFi and Home Cinema
·
System, CRT
·
Telephones
·
Answering Machines etc.
White Goods
·
Airconditioners
·
Refrigerators
·
Washing Machine
·
Dish Washers
·
Drying Cabinets Microwave Ovens
·
Washing Machines, Freezers etc.
Small
Domestic
·
Iron
·
Vaccum Cleaners
·
Water Purifiers
·
Mixer
·
Appliances
·
Grinders etc.
The Company having delivered reasonably stable performance in the shadow
of economic slowdown,
can look forward to a stronger
performance as the economy puts slowdown behind, in the
process also covering for any dip that might have showed up. The industry
appears to have demonstrated some degree of
resilience in face of economic slowdown during the second half of the
fiscal. Emphasis has
been given by
manufacturers on improving efficiencies, consumer
research, brand building,
retail refurbishments,
strengthening after sales
service, and focus on high end
products to maintain bottom line.
Technological innovations continue to be a priority area for
manufacturers. Emphasis is on offering that go beyond fulfilling basic
function.
The demand for
LCD TVs has been growing at a rapid
scale. The growing preference for LCD televisions in
Companies in this Industry are
focusing on customizing products to suit
Indian tastes thereby
carving a niche for them. Several
companies are conducting market research in order to understand the
psyche of an Indian Consumer. The inputs
from this research are determining product attributes and pricing and
accordingly, are achieving better
acceptance among consumers.
However, while the Indian Consumer Electronics Industry is
scaling new heights undeterred by the global melt-down, looking
ahead, it is believed that India
will continue to grow as an important market for
the global Consumer Electronics Industry. The future of
THE ALL NEW
VIDEOCON
The Company enjoys a pre-eminent
position in terms of sales and customer satisfaction in
many of its consumer products
like Colour Televisions, Washing Machines, Air
Conditioners, Refrigerators, Microwave ovens and many other home appliances,
selling them through a Multi-Brand strategy with the largest sales
and service network in
The Company's mission is to, delight and deliver beyond expectation
through ingenious strategy, intrepid
entrepreneurship, improved technology, innovative products, insightful marketing and inspired thinking
about the future. The mission is a
reflection of continuity and change. The same
has been crafted to envelope both extant and emerging realities.
The Company understands and fits
in perfectly with consumers' lifestyle. The Company
innovates products to bridge
the gap
between fantasy and reality.
It has been generally noticed that technology is complicated and difficult
to use, though it is Meant to
simplify life. This defeats the very
purpose of development. The Company, combines,
state-of-the-art design,
research and innovation to develop
products that are simple and
easy to use. Videocon has bestowed intelligence in its
products to make consumers' life easy.
Colour Televisions
Television continues to
be the mainstay of
the Consumer Electronics Industry in India with the
transition occurring to newer technologies
such as LCD and PDP. Most players
in the Industry have introduced
products in the Flat Panel
Display (FPD) segment, and for few companies, especially the Korean chaebols,
FPD remains a focus area.
The markets are changing rapidly
from the conventional CRT
technology to flat panel display televisions. The LCD TV segment
in
The key growth drivers of CTV business in
* Emergence of nuclear families.
* Upgradation of Televisions.
* Growth of entertainment and
Media and the flurry of television
channels and the rising penetration of cinemas are also the growth
drivers.
* Growth of organized retail.
* Increase in disposable income
with greater aspirations and
demographics tilted towards younger customers.
* Electrification in rural
Refrigerators:
Refrigerators are one of the most standard features in Indian
middle class homes. Direct cool segment
remains the dominant sector. However, frost free segment is witnessing the
highest growth in the category and is expected to take over direct cool sales
in coming years.
Today, the consumers are willing
to opt for higher end products resulting
in the growth of frost free sales. Also, the sale of frost free segment is getting
reinforced by the replacement
purchases at urban and semi-urban areas. The rural penetration level
continues to be low.
The catalysts which are likely to boost the refrigerator business
in
* Higher disposable income.
* Easy finance options.
* Emergence of nuclear family.
* Electrification in rural areas backed by strong aspirations.
* Growth of organized retail.
Air Conditioners:
The growth drivers
of Air Conditioners are:
* Increase in disposable incomes.
* Boom in the real estate and infrastructure industry.
* Easy finance options.
* Low penetrations.
* Electrification in rural areas backed by strong aspirations.
* Acceptance as an utility product rather than a luxury.
Washing Machines:
Washing machines market is expected to grow by 12-15 percent over
the next three years.
Network expansion in
semi urban and
rural areas has contributed to growth of semi automatic
washing machines whereas metros and other
A class towns have significantly moved towards the fully
automatic segment.
Washing machines are now increasingly finding a place in Indian
homes. The high-end segment comprises of fully automatic and
front loaders and lour-end, segment comprises of semi automatic
and top loaders.
The fully automatic category is showing a higher growth rate, but
the semi automatic continues to dominate
in terms of market share.
Key growth drivers of Washing Machines are:
* Increase in disposable incomes.
* Easy finance options.
* Low penetrations.
* Electrification in rural areas backed by strong aspirations:
* Acceptance as a utility product rather than a luxury.
* Diminishing price differential between the high-end and low-end
ranges.
Microwave Ovens:
The Indian microwave oven market remained stagnant in
2008-09. With low stakes,
the category did not witness significant expansion
efforts by manufacturers during the economic slow down and also
remained subdued on shopping priority.
The Indian microwave
oven market consists of the
grill and convection segments and
the solo segment. The solo
segment is slowly
losing its popularity In urban
and semi-urban cities but still has
some demand in rural areas or smaller cities, due to low
prices.
The convection segment continues to register the maximum growth. The
higher growth of convection category is
on account of growing consumer awareness
of microwave oven
as a cooking device. Further,
in recent times,
the convection category of microwave ovens has become more affordable.
Glass shells:
Videocon is one of the major players in the glass shell business in
INDIAN OIL AND GAS
INDUSTRY
With the formulation of NELP, the
ministry's objective of increasing the pace of reserve accretion appears to be
achieving results with discoveries and
accretion of domestic reserves. A large proportion of these discoveries can be
attributed to private sector, owing largely to its ability to deploy best
available technical expertise worldwide, making their finds per block ratio
more favourable than those of
PSUs. In November 2008, the Cabinet Committee on
Economic Affairs awarded 44 oil and gas
exploration blocks under the
seventh round of auction of the New Exploration Licensing Policy (NELP-VII). In 2009, the Indian Ministry of Petroleum 8
Natural Gas (the 'Ministry') launched the Eighth round of New Exploration
Licensing Policy (NELP-VIII) offering
70 areas for bidding. The
allocation brought in investments worth US$ 1.5 billion.
The oil and gas industry has been instrumental in fuelling the rapid
growth of the Indian economy. This sector constitutes over
15 per cent of the
gross domestic product (GDP) of the
country. Petroleum exports of refined
producers have also emerged as the single, largest foreign exchange earner for the country.
Domestic Energy
Demand:
The Indian economy has grown at a rapid pace over the past 5 years leading to
an increase in domestic energy
consumption. However, tie increase in demand for petroleum products in
During the 5-year
period ended 31st March, 2009,
the consumption of petroleum
products has grown significantly
from 107,751 thousand metric tons in fiscal 2004 to 133,599
thousand metric tons in fiscal 2009.
Over the past
5 years: domestic
natural gas consumption
has grown significantly. Crude
oil demand Is projected to increase significantly over the next decade. Rising global crude oil prices
have triggered Increased
domestic exploration and
production activity. Gas demand is also
expected to rise significantly driven by greater industrialization,
increase in need for power and other
allied activities such as petrochemicals,
fertilizers and city wide
gas distribution and fuelled
by Reliance's giant
gas discovery in the KG Basin.
Domestic Oil and
Natural Gas Production
Despite an increase in exploration activities,
developed up during the last three years and
Oil and Gas
Segment of Videocon:
The principal oil
and gas asset of Videocon Is Its
25% participating interest in the
Ravva Oil and Gas Field. Besides this,
it has acquired Interests in
other oil blocks in different
geographical regions- Viz.,
FORM 8 :
|
Corporate identity
number of the company |
L99999MH1986PLC103624 |
|
Name of the
company |
VIDEOCON
INDUSTRIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
14, K M Stone, |
|
This form is for |
Creation
of Charge |
|
Type of charge |
Movable property |
|
Particular of
charge holder |
State Bank of
India, Corporate Account Group Branch, 3rd Floor, Neville House,
J. N. Heredia Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation dated 31st March, 2011 executed by Videocon Industries
Limited (the company or the Borrower) in favour of State Bank of |
|
Date of
instrument Creating the charge |
31.03.2011 |
|
Amount secured by
the charge |
Rs.5000.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest
: 3.50% over Base
Rate. Present effective rate being 11.75% (floating) with monthly rests. Terms of
Repayment : The loan will be repaid
in bullet payment of Rs.5000.000 Millions on the 366th day from
the date of first disbursement. Extent and
operation of the charge : First Charge on
the entire movable properties of the company consisting of movable plant and
machinery (including capital work-in-progress), machinery spares, tools,
accessories, and all other movable both present and future, whether installed
or not and whether now lying loose or in cases or which are now lying or
stored in or about all the Companys factories, premises and godowns situated
at Bharuch and Aurangabad. Others : As may be agreed
to between the company and the Bank from time to time. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First Charge on
the entire movable properties of the company consisting of movable plant and
machinery (including capital work-in-progress), machinery spares, tools,
accessories, and all other movable both present and future, whether installed
or not and whether now lying loose or in cases or which are now lying or
stored in or about all the Companys factories, premises and godowns situated
at Bharuch and Aurangabad. |
Fixed Assets:
·
·
·
Building
·
Leasehold
Improvements
·
Plant and
Machinery
·
Furnace
·
Electrical
Installation
·
Office
Equipments
·
Computer
System
·
Furniture and
Fixture
·
Vehicles
·
Computer
System
·
Goodwill
·
Computer
Software
Unaudited
Financial Results (Provisional) for the quarter ended 31.12.2010
Rs. In Millions
|
PARTICULARS |
31.12.2010 Quarter
Ended |
31.12.2010 15
Months Ended |
|
|
(Unaudited) |
(Unaudited) |
|
Net Sales/ Income
form operation |
31511.700 |
146776.700 |
|
Other Operating
Income |
0.000 |
0.000 |
|
Expenditure |
|
|
|
Increase / Decrease
in stock |
(16.200) |
(146.000) |
|
Consumption of
raw material / purchase |
10460.100 |
49146.600 |
|
Purchase of
traded goods |
9144.700 |
41826.300 |
|
Staff cost |
522.600 |
2270.400 |
|
Depreciation |
1476.700 |
7137.100 |
|
Other expenditure
|
5777.000 |
27453.700 |
|
Total expenditure |
27364.900 |
127696.100 |
|
Profit from
operation before other income, interest and exceptional items |
4146.800 |
19000.600 |
|
Other income |
91.400 |
426.100 |
|
Profit before interest
and exceptional items |
4238.200 |
19506.700 |
|
Interest |
1939.600 |
8883.800 |
|
Profit after
interest but before exceptional items |
2298.600 |
10622.900 |
|
Exceptional items |
-- |
-- |
|
Profit / Loss
from ordinary activities before tax |
2298.600 |
10622.900 |
|
Tax expenses |
675.000 |
3050.000 |
|
Net profit/ Loss
from ordinary activities after tax |
1623.600 |
7572.900 |
|
Extra ordinary
items |
-- |
-- |
|
Net profit / Loss
for the period |
1623.600 |
7572.900 |
|
Paid up equity share
capital (face value of equity shares of Rs. 10/- each) |
3019.500 |
3019.500 |
|
Reserves
excluding revaluation reserves |
-- |
-- |
|
Earning Per Share (EPS) (Rs.) |
|
|
|
Basic and Diluted
EPS before Extraordinary Items for the period for the year to date and for
the previous year |
|
|
|
Basic |
5.53 |
28.78 |
|
Diluted |
5.47 |
27.14 |
|
Basic and Diluted
EPS after Extraordinary Items for the period for the year to date and for the
previous year |
|
|
|
Basic |
5.53 |
28.78 |
|
Diluted |
5.47 |
27.14 |
|
Public shareholding |
|
|
|
Number
of Shares |
85828467 |
85828467 |
|
% of
Shareholding |
28.42% |
28.42% |
|
Promoters
and Promoter Group Shareholding |
|
|
|
a) Pledged/Encumbered |
|
|
|
-
Number of Shares |
122202407 |
122202407 |
|
-
Percentage of Shares (as a % of the Total Shareholding of |
60.68% |
60.68% |
|
-
Percentage of Shares (as a % of the Total Share Capital of the Company) |
40.50% |
40.50% |
|
b) Non
Encumbered |
|
|
|
-
Number of Shares |
79239795 |
79239795 |
|
-
Percentage of Shares (as a % of the Total Shareholding of Promoter and
Promoter Group) |
39.32% |
39.32% |
|
Percentage
of Shares (as a % of the Total Share Capital of the
Company) |
26.24% |
26.24% |
Notes
:-
- The Statutory Auditors have carried out
limited review of the above results and the same have been reviewed by the
Audit Committee and taken on record by the Board of Directors at its meeting
held on 14th February 2011.
- On 7th December 2010, the
Company has allotted 11,765,000 equity shares, at a price of Rs. 170/- per
equity share, to Bennett Coleman and Company Limited (“BCCL”) pursuant to
option exercised by BCCL to subscribe to 1 (One) equity share of the
Company per warrant. These warrants were allotted on preferential basis on
1st June 2009.
- On 15th December 2010, the
Company has issued Foreign Currency Convertible Bonds due 2015 (the
‘FCCBs’] amounting to USD 200 Million. The FCCBs are convertible at the
option of the Bondholders into fully paid equity shares of the Company at
any time from 25th January 2011 to 7 days before maturity date
i.e. 16 December, 2015. The initial conversion price is Rs. 239,5265 per
equity share.
- On 22nd April, 2010. the Company has
allotted 51,392,243 partly paid Equity Shares of Rs. 10/- each at a
premium of Rs. 215/- per equity share, aggregating to Rs. 11563.300
Millions, on rights basis, to the successful applicants. As per the terms
of the rights issue, an amount of Rs. 112.50 per equity share was payable
on application and the balance on the first and the final call. The first
and the final call was made and the same was payable by 15th June, 2010.
Subsequently, the company sent the reminders to the shareholders who
failed to make payment As on 31st December, 2010, the Company received the
first and the final call money in respect of 51,361,328 equity shares and
those were confirmed as fully paid. As such, as on 31st December, 2010,
there were 30,915 partly paid equity shares outstanding.
- The money received on the Right Issue
have been utilised for the object of the issue i.e. for repayment of
existing debts and general corporate purposes and there is no material
deviation.
- The current accounting year of the
Company has been extended by a period of 3 (Three) months. As such, the
current accounting year is for a period of 15 (Fifteen) months beginning
from 01st October, 2009 and ended on 31st December, 2010. The subsequent accounting
years, as such, has begun on 01st January 2011 and will end on 31st
December every year.
- During the quarter ended 31st December
2010, 506 investors complaints were received and resolved. There were no
investor complaints pending at the beginning of the quarter and at the end
of the quarter.
- The Provision for Taxation includes
Provision for Current Tax and Deferred Tax.
- Previous quarter’s/year’s figures have
been regrouped/reclassified and recasted wherever necessary.
Segment
Revenue Results and Capital Employed for the quarter ended 31.12.2010
Rs. In Millions
|
PARTICULARS |
31.12.2010 Quarter
Ended |
31.12.2010 15
Months Ended |
|
Segment
Revenue |
|
|
|
Consumer
Electronic and Home Appliances |
28524.300 |
133573.400 |
|
Crude
Oil and Natural Gas |
2987.400 |
13203.300 |
|
Total
|
31511.700 |
146776.700 |
|
Less:
Inter segment revenue |
-- |
-- |
|
Seals/
income from operation |
31511.700 |
146776.700 |
|
Segment
Results (Profit before tax and interest from each segment) |
|
|
|
Consumer
electronics and Home Appliances |
3324.400 |
15429.200 |
|
Crude
Oil and Natural Gas |
930.100 |
4271.200 |
|
Total
|
4254.500 |
19700.400 |
|
Less:
|
|
|
|
Interest
|
1939.600 |
8883.800 |
|
Other
unallocable expenditure not of unallocable income |
16.300 |
193.700 |
|
Exceptional
items |
-- |
-- |
|
Total
profit before tax |
2298.600 |
10622.900 |
|
Capital
Employed (Segment
assets less segment liabilities) (based
on estimator in terms of available data) |
|
|
|
Consumer
electronics and Home Appliances |
69575.800 |
69575.800 |
|
Crude
Oil and Natural Gas |
3790.400 |
3790.400 |
|
Total
capital employed in segments |
73366.200 |
73366.200 |
|
Unallocable
corporate assets less corporate liabilities |
21640.900 |
21640.900 |
|
Total
capital employed |
950071.100 |
95007.100 |
Note:
¨ Segments have been identified in accordance with the
accounting standard (AS-17) “segment reporting” considering the organization
structure and the return/ risk profiles of the business.
¨ Segment revenue includes sales and other income
directly identification and allocable to the segment
¨ Other unallocable expenditure includes expenses
incurred on common services provided to segments and corporate expenses.
Unallocable income mainly includes income from investments and divestment
income.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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. 44.94 |
|
|
1 |
Rs. 71.89 |
|
Euro |
1 |
Rs. 64.09 |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.