MIRA
INFORM REPORT
|
Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANIL LIMITED (w.e.f. 23.09.2010) |
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Formerly Known
As : |
ANIL PRODUCTS LIMITED |
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Registered
Office : |
Anil Starch’s Premises, P. O. Box No.10009, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of Incorporation
: |
23.07.1993 |
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Com. Reg. No.: |
019895 |
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Capital
Investment / Paid-up Capital : |
Rs.97.662 millions |
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CIN No.: [Company Identification
No.] |
L15490GJ1993PLC019895 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
AHMA00074E |
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PAN No.: [Permanent Account No.] |
AABCA3154H |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of Starch, Glucose.
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No. of Employees
: |
250 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
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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 |
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Maximum Credit Limit : |
USD 5200000 |
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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 company having fine track. General
financial position is good. Trade relations are reported as fair. Business is
active. Payments are reported to be correct and as per commitments. The company can be considered normal for business dealings at usual
tarde 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Naina |
|
Designation : |
Administrative |
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Contact No.: |
91-79-26424387 |
|
Date : |
08.09.2011 |
LOCATIONS
|
Registered Office/Factory : |
Anil Starch’s Premises, |
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Tel. No.: |
91-79-26424387 / 26424390 / 22204755 / 22203222 / 22201747 / 40282000 |
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Fax No.: |
91-79-22200731 / 22200735 / 40282001 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office : |
Anil
Corporate House, Opp. WIAA, Besides DLA School, Off. |
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E-Mail : |
DIRECTORS
As on 31.03.2011
|
Name : |
Mr. Amol S Sheth |
|
Designation : |
Chairman and Managing Director |
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Name : |
Mr. Kamal R Sheth |
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Designation : |
Independent Director |
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Name : |
Mr. Anish K Shah |
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Designation : |
Independent Director |
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Name : |
Mrs. Indira J Parikh |
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Designation : |
Independent Director |
KEY EXECUTIVES
|
Name : |
Mr. Dipal Palkhiwala |
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Designation : |
Chief Financial Officer |
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Name : |
Mr. Chandresh Pandya |
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Designation : |
Company Secretary |
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Name : |
Ms. Naina |
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Designation : |
Administrative |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2011
|
Names of Shareholders |
No. of Shares |
% of total No.
of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
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|
69,580 |
0.71 |
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|
6,654,496 |
68.14 |
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|
6,724,076 |
68.85 |
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Total shareholding of Promoter and Promoter Group (A) |
6,724,076 |
68.85 |
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(B) Public Shareholding |
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|
|
|
|
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|
6,720 |
0.07 |
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|
6,720 |
0.07 |
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551,268 |
5.64 |
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1,706,938 |
17.48 |
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735,302 |
7.53 |
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41,862 |
0.43 |
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27,907 |
0.29 |
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13,955 |
0.14 |
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3,035,370 |
31.08 |
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Total Public shareholding (B) |
3,042,090 |
31.15 |
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Total (A)+(B) |
9,766,166 |
100.00 |
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(C) Shares held by Custodians and against which Depository Receipts
have been issued |
- |
- |
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- |
- |
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- |
- |
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- |
- |
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Total (A)+(B)+(C) |
9,766,166 |
- |
(1)
Indian
Individuals
/ Hindu Undivided Family
Individual
shareholders holding nominal share capital up to Rs.0.100 millionBUSINESS DETAILS
|
Line of Business : |
Manufacturer of Starch, Glucose.
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Products : |
·
Native Starch (Corn
Starch) ·
Food Grade Starch
·
Pharma Grade Starch
·
Modified Starch
·
Dextrins ·
Liquid Glucose (Corn
Syrup) ·
Dextrose Monohydrate
·
Glucose Anhydrous
·
Corn Gluten Meal
·
Enzymes
(Textile/Food/Paper/Leather) ·
High Maltose Corn Syrup
·
Feed Additives |
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Exports : |
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Products : |
Starch, Gulcose |
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Countries : |
·
·
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Biological Agents |
MT |
18615 |
18615 |
15318.218 |
|
Food, Pharma and Animal Healthcare Ingredients |
MT |
121180 |
121180 |
92104.524 |
|
Industrial and Allied Products |
MT |
118990 |
118990 |
85581.327 |
Note
·
The Company’s products are not required to have licensing
as per prevailing Industrial Policy.
·
As certified by Management and accepted by
Auditors, being a technical matter.
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers |
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No. of Employees : |
250 Approximately |
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Bankers : |
·
Bank of ·
Bank of ·
Punjab National Bank ·
IDBI Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M/s. Parikh and Majmudar Chartered Accountant |
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Associates : |
·
Anil Bioplus Limited (Previously known as Anil
Biochem Limited) ·
Anil Tradecom Limited ·
Anil Mines and Minerals Limited (Formerly Known
as Anil Commodities Limited) ·
Agranil Marketing Limited ·
Aught Investments Private Limited ·
Rahil Marketing Private Limited ·
Agallochun Investments Private Limited ·
Naimesh Trading Private Limited ·
Anil Hospitality Ventures Limited ·
Bharti Consumer Marketing Private Limited ·
Ascent Knowledge System Limited ·
Anil Nutrients Limited ·
Anil Technoplus Limited ·
Anil Infraplus Limited ·
Anil Life science Limited ·
Anil (Afro-Asia) FZE ·
Anil ( |
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|
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Amol Dicalite Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9766166 |
Equity Shares |
Rs.10/- each |
Rs.97.662
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
97.662 |
97.662 |
74.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Equity Share Warrants |
0.000 |
0.000 |
141.970 |
|
|
4] Reserves & Surplus |
1211.527 |
831.728 |
484.924 |
|
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5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
1309.189 |
929.390 |
700.894 |
|
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LOAN FUNDS |
|
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|
1] Secured Loans |
1929.216 |
1558.966 |
654.751 |
|
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2] Unsecured Loans |
713.873 |
481.602 |
365.245 |
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TOTAL BORROWING |
2643.089 |
2040.568 |
1019.996 |
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DEFERRED TAX LIABILITIES |
194.458 |
162.738 |
149.650 |
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|
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|
|
|
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TOTAL |
4146.736 |
3132.696 |
1870.540 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1772.162 |
1216.828 |
983.571 |
|
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Capital work-in-progress |
232.637 |
172.898 |
27.929 |
|
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INVESTMENT |
7.217 |
3.669 |
4.868 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1051.394
|
715.988 |
253.769 |
|
|
Sundry Debtors |
1456.471
|
1266.659 |
967.845 |
|
|
Cash & Bank Balances |
119.540
|
136.381 |
58.183 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.275 |
|
|
Loans & Advances |
311.394
|
225.826 |
52.178 |
|
Total
Current Assets |
2938.799
|
2344.854 |
1332.250 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
544.832
|
398.805 |
343.637 |
|
|
Other Current Liabilities |
184.108
|
135.268 |
93.708 |
|
|
Provisions |
75.139
|
71.480 |
40.733 |
|
Total
Current Liabilities |
804.079
|
605.553 |
478.078 |
|
|
Net Current Assets |
2134.720
|
1739.301 |
854.172 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4146.736 |
3132.696 |
1870.540 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Sales |
5040.835 |
3740.990 |
2763.349 |
|
|
|
Other Income |
14.357 |
4.941 |
27.065 |
|
|
|
TOTAL |
5055.192 |
3745.931 |
2790.414 |
|
|
|
|
|
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|
EXPENSES |
|
|
|
|
|
|
|
Materials Consumed / Trading Goods |
3249.830 |
2557.675 |
1743.988 |
|
|
|
Manufacturing and Other Expenses |
1028.541 |
818.255 |
676.431 |
|
|
|
Research and Development Expenses |
9.152 |
3.698 |
2.009 |
|
|
|
Increase / (Decrease) in Stocks |
(115.057) |
(159.318) |
67.185 |
|
|
|
TOTAL |
4172.466 |
3220.310 |
2489.613 |
|
|
|
|
|
|
|
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|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
882.726 |
525.621 |
300.801 |
|
|
|
|
|
|
|
|
|
|
INTEREST AND
FINANCE CHARGES |
279.561 |
159.457 |
104.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
603.165 |
366.164 |
196.693 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
64.361 |
51.888 |
42.265 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
538.804 |
314.276 |
154.428 |
|
|
|
|
|
|
|
|
|
|
TAX |
139.456 |
73.123 |
49.196 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
399.348 |
241.153 |
105.232 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ADJUSTMENTS |
3.192 |
(1.231) |
(0.115) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
434.342 |
230.811 |
181.049 |
|
|
|
|
|
|
|
|
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|
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
19.532 |
9.766 |
7.400 |
|
|
|
Corporate Dividend Tax |
3.244 |
1.660 |
1.258 |
|
|
|
Transfer to General Reserve |
40.000 |
25.000 |
2.000 |
|
|
|
Transfer to Deferred Tax liability in respect
of p.y. |
0.000 |
0.000 |
44.697 |
|
|
BALANCE CARRIED
TO THE B/S |
774.106 |
434.342 |
230.811 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
436.062 |
252.688 |
168.683 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
60.742 |
10.101 |
0.000 |
|
|
|
Capital Goods |
0.073 |
0.089 |
0.000 |
|
|
|
Stores & Spares |
2.124 |
0.104 |
5.741 |
|
|
TOTAL IMPORTS |
62.939 |
10.294 |
5.741 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) Basic Diluted |
41.22 41.22 |
24.57 24.57 |
14.21 13.08 |
|
QUARTERLY RESULTS
|
PARTICULARS |
|
|
30.06.2011 Unaudited |
|
Net Sales |
|
|
1351.100 |
|
Total Expenditure |
|
|
1094.610 |
|
PBIDT (Excl OI) |
|
|
256.490 |
|
Other Income |
|
|
6.400 |
|
Operating Profit |
|
|
262.890 |
|
Interest |
|
|
94.070 |
|
Exceptional Items |
|
|
0.000 |
|
PBDT |
|
|
168.820 |
|
Depreciation |
|
|
22.680 |
|
Profit Before Tax |
|
|
146.150 |
|
Tax |
|
|
31.730 |
|
Provisions and contingencies |
|
|
0.000 |
|
Profit After Tax |
|
|
114.420 |
|
Extraordinary Items |
|
|
0.000 |
|
Prior Period Expenses |
|
|
0.000 |
|
Other Adjustments |
|
|
0.000 |
|
Net Profit |
|
|
114.420 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.90
|
6.44 |
3.77 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.69
|
8.40 |
5.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.60
|
8.82 |
6.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.34 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.63
|
2.85 |
2.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.65
|
3.87 |
2.79 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS AND
REVIEW
The Company
continued to see strong and profitable growth in the financial year 2010-11 driven
by good performance in existing and new business. During the year the Company
has achieved total revenue mark of Rs.5000.000 millions.
There has been a focus on improving efficiency in the utilization of Manpower,
Machinery, Money and Material. The
improvement in demand supply position, change in product mix and focused cost
reduction measures have lead to improvement in overall profitability and
productivity.
The Company has
recorded sales and operating income of Rs.5040.800 millions (from Rs.3741.000
millions for previous year at a growth rate of 34.75%). The operating profit or
the year increased to Rs.882.700 millions as against Rs.525.600 millions in the
previous year registering a growth of 67.94%. The profits after tax for the
year increased to Rs.402.500 millions as against Rs.239.900 millions in the
previous year registering a growth of 67.78%.
CHANGE OF NAME OF
THE COMPANY
During the year
name of the company has been changed from Anil Products Limited to new name.
The Company has complied with all applicable provisions of Companies Act, 1956
and as on date of this Report, the name of the Company has also been changed on
the BSE website with ticker name as “Anil Limited” under Scrip Code 532910. In
this report, any reference to Anil Products Limited should be read as new name.
MANAGEMENT
DISCUSSION AND ANALYSIS REPORT
INDUSTRY STRUCTURE
AND DEVELOPMENTS
In 2010 – 11,
Indian economy has been characterized by robust economic growth and steady
fiscal consolidation. The economy emerged with growth of 8.6 percent (advance
estimate) in 2010-11 and is expected around 8.2 percent next year. This growth
is also broader: agriculture is rebounding, manufacturing continues its
momentum, and private services are picking up.
Growth in the
industrial sector was buoyant during the first two quarters (April-June,
July-September) of the financial year. The manufacturing sector, in particular,
showed a remarkable robustness, growing at rates of 12.6 percent and 9.9
percent respectively, during these two quarters. Thereafter industrial output
growth has begun to moderate. This compares with global trends as global
manufacturing continued to rebound post crisis till the first half of 2010 and
has thereafter moderated.
Maintaining a
close check of the prevailing trend in its end-user industries, Anil Limited
has charted a roadmap which provides ample scope of business potential and
revenue generation in the long run.
SEGMENT-WISE
STRUCTURE (IN BRIEF)
Food (Food
Processing, Beverages, Confectionaries) Industry
Indian
non-alcoholic drinks market was estimated at around US$ 4.43 billion in 2008
and is expected to grow at a CAGR of around 15 percent during 2009-2012. The
fruit/vegetable juice market will grow at a CAGR of around 30 percent in value
terms during 2009-2012, followed by the energy drinks segment which will grow
at a CAGR of around 29 percent during the same period. The Indian Confectionery
Business is about Rs.41000.000 millions (9% CAGR for the past 5 yrs). Industry
statistics reveal 18 percent market share for hard-boiled candies, toffees
followed by 13 percent for gums and mints. With presence of young demography,
higher disposable income and more urbanization, the industry is expected to
grow wherein companies can look forward to foreign collaborations, and tie-ups
in bringing new products and technology.
For the Food
Industry, Subject has developed and introduced a range of speciality starches
and starch derivatives to be used as a sweetener, thickener and for texture and
taste improvement. These products offer high level of stability against acidic
condition of food, high temperature and shear during the processing of various
packaged food, beverages and confectionaries. Some of these products provide
freeze thaw stability to food products.
Pharmaceutical
Industry
In this sector
also, Subject has introduced some niche starch derivatives and speciality
ingredients for IV fluid applications.
Animal Healthcare
(Feed / Livestock) Industry
During previous
decade, production of total compound feed by members of Compound Livestock Feed
Manufacturer’s Association (CLFMA) increased from 2.79 million tonnes (2001-02)
to 3.77 million tonnes (2008-09). The production of compound poultry feed has
shown an increase over the years. Total feed consumption in India is estimated
at 21.4 metric tonne in the organized sector, comprising 7 metric tonne broiler
feed, 8.5 metric tonne layer feed, 5.5 metric tonne dairy feed, 0.25 metric
tonne shrimp feed, 0.1 metric tonne fish feed, and 0.05 metric tonne for other
species.
Subject has
created its own niche in catering to requirements of Animal Healthcare Industry
by developing innovative speciality Feed Pre-mixes and Biological agents. These
products are used to improve the feed utilization resulting in giving more ME
to the animals, thus improving the FCR (food conversion ratio).
Paper Industry
The Paper Industry
in
The 5.6%
cumulative annual growth rate in paper consumption (excluding newsprint
segment) over the last five years has prompted Indian paper manufacturers to
undertake significant capacity expansions. With closure of paper mills in
European countries, there exists new opportunity for Indian paper mills to
explore export markets. Paper consumption is increasing due to packaging
requirements, government literacy programs and policy of using more paper bags
than plastic. With reduction in import duty on waste paper from 5% to 2.5%
announced in Budget 2011-12, paper mills will be benefited. Increased economic
activity is providing the players an opportunity for growth and expansion.
Subject has
introduced a range of modified starches for wet-end and size press applications
in paper mills replacing a range of chemicals. These products have capability
to be used in high speed paper machines. They have just completed laboratory
and pilot scale work for a premium category speciality starch to be used as
adhesives for paper packaging applications. The introduction of this product
brings a new dimension in the paper packaging application. They are in the
process of commercializing this product in
Textile Industry
The Indian textile
industry contributes about 14 percent to industrial production, 4 percent to
the country’s gross domestic product (GDP) and 17 percent to the country’s
export earnings. The total cloth production has increased by 2.9 percent during
December 2010 as compared to December 2009. The highest growth was observed in
the power loom sector (3.7 percent), followed by handloom sector (3.3 percent).
The total cloth production during April-December 2010 increased by 2.3 percent
compared to the same period of the previous year. The production of spun yarn
and cotton yarn increased by 6.0 percent and 8.6 percent, respectively during
December 2010 as compared to December 2009. The total textile exports during
April-September 2010 (provisional) were valued at US$ 11275.58 million as
against US$ 10115.78 million during the corresponding period of the previous
year, registering an increase of 11.47 percent.
Subject, during
2010–11, successfully completed trials on introducing three modified starches
for Textile Industry. These modified starches offer better weaving efficiency
at low consumption level and replace conventional sizing ingredients like
native starch, chemicals, adhesives, etc. All the three products also help in
better subsequent processes like desizing, bleaching, etc.
REVIEW OF
OPERATIONS
As part of their
long-standing commitment to environmental safety and protection, an
ultra-modern effluent treatment plan and an elaborate environmental management
system has been commissioned. The Company believes that with its superior
technology, modern manufacturing processes and exacting quality control
procedures this plant will go a long way in further strengthening market position
of company.
FUTURE OUTLOOK
Starch and its
derivatives have emerged as the most promising environment friendly ingredient
over the years and offers varied application benefits in both food as well as
non-food industries. With growing consumption of modified starches and starch
derivatives, the global starch market is poised for growth in the next few
years. The speciality starch market is projected to be the fastest growing
segment over the period 2009 – 2015. This growth is primarily due to the rising
health awareness across the globe and growing functional and nutritional needs
in global economies, which demand use of innovative products keeping
environmental aspects intact.
In pharmaceutical
industry, starch consumption is likely to witness significant growth since
bottling facilities are expanding and IV fluid manufacturers are growing above
15% per annum.
The textile
industry in
CONTINGENT LIABILITIES
|
Particulars |
As on 31.03.2011 Rs. in millions |
As on 31.03.2010 Rs. in millions |
|
Claims against
the Company not acknowledged as Debts |
2.288 |
2.288 |
|
Disputed Sales
Tax Demands – matter under appeal |
4.723 |
4.723 |
|
Disputed Excise
Demand – matter under appeal |
25.948 |
27.394 |
|
Disputed Income
Tax Liability – matter under appeal |
7.162 |
0.643 |
|
Guarantees of
Rs.200.000 millions given by the Company for loan taken by others from banks
The balance outstanding is |
200.000 |
200.000 |
|
Guarantee limits
of Rs.15.700 millions |
15.700 |
15.700 |
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE
QUARTER ENDED ON 30TH JUNE, 2011
(Rs. in millions)
|
Particulars |
Quarter Ended 30.06.2011 Unaudited |
|
1. Net Sales
/ Income from Operations |
1351.103 |
|
2. Other Income |
6.402 |
|
3. Total Income (1+2) |
1357.505 |
|
|
|
|
4. Expenditure |
|
|
(a)
(Increase)/decrease in Stock |
(29.989) |
|
(b)
Consumption of Raw Materials |
871.001 |
|
(c)
Purchase of traded goods |
0.000 |
|
(d) Staff Cost |
40.516 |
|
(e)
Depreciation |
22.682 |
|
(f) Power and
Fuel |
81.234 |
|
(g)
Other Expenditure |
131.846 |
|
Total |
1117.290 |
|
|
|
|
5. Interest |
94.066 |
|
|
|
|
6. Exceptional
Items |
0.000 |
|
|
|
|
7.
Profit From Ordinary activities before Tax (3)-(4+5) |
146.149 |
|
|
|
|
8. Tax Expenses |
31.729 |
|
- Current Tax |
29.240 |
|
- Wealth Tax |
0.000 |
|
- Deferred Tax |
2.489 |
|
- Short
Provision of Taxation for earlier years |
-- |
|
- Extra Ordinary
Item |
-- |
|
|
|
|
9. Net
Profit From Ordinary activities after Tax (7-8) |
114.420 |
|
|
|
|
10. Less : Prior
Period adjustments |
0.000 |
|
|
|
|
11. Net Profit for the period (9-10) |
114.420 |
|
|
|
|
12. Paid-up equity
share capital (face value of Rs.10 each) |
97.662 |
|
|
|
|
13. Reserves and
Surplus excluding Revaluation Reserves as per balance sheet of previous
accounting year |
|
|
|
|
|
14. Earning Per
Share (Non Annualised) (face value of Rs.10 each) a) Basic in Rs. b) Diluted in
Rs. |
11.72 11.72 |
|
|
|
|
15. Public
Share Holding |
|
|
- Number of Shares |
3042090 |
|
- Percentage of shareholding |
31.15% |
|
|
|
|
16. Promoters and Promoter group share holding |
|
|
a) Pledged / Encumbered |
|
|
- Number of Shares |
NIL |
|
- Percentage of share (as a % of the total shareholding of promoter and promoter group) |
NA |
|
- Percentage of shares(as a % of the total share capital of the company) |
NA |
|
|
|
|
b) Non-encumbered |
|
|
- Number of Shares |
6724076 |
|
- Percentage of Share (as a % of the total shareholding of promoter and promoter group) |
100% |
|
- Percentage of Share (as a % of the total share capital of the company) |
68.85% |
FIXED ASSETS
·
·
Building
·
Plant and Machinery
·
Electric Installation
·
Dead Stock and Furniture
·
Vehicles
·
Business Solution Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.22 |
|
|
1 |
Rs.75.63 |
|
Euro |
1 |
Rs.65.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.