|
Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
RR KABEL LIMITED (w.e.f. 08.11.2000) |
|
|
|
|
Formerly Known
As : |
RAM RATNA AGRO-PLAST LIMITED |
|
|
|
|
Registered
Office : |
Ram |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
06.02.1995 |
|
|
|
|
Com. Reg. No.: |
11-85294 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28997MH1995PLC085294 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR08449A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR3352C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Wires and Cables. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4260804 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. 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
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Ram |
|
Tel. No.: |
91-22-24949009 / 24924144 |
|
Fax No.: |
91-22-24912586 / 24930203 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
305/A, Mindsor Plaza, R.C. Dutt Road, Alkapuri, Baroda – 390007,
Gujarat, India |
|
Tel. No.: |
91-265-2321891 / 92 |
|
Fax No.: |
91-265-2321894 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Satyanarayan Mohanlal Loya |
|
Designation : |
Director |
|
Address : |
1502, Krishna Heritage, New Link Road, Opp. Don Bosco School, Borivali
(West), Mumbai – 400091, Maharashtra, India |
|
Date of Birth/Age : |
05.04.1930 |
|
Date of Appointment : |
30.09.1997 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U45309GJ1974PTC002487 |
KABEL BUILDCON SOLUTIONS PRIVATE
LIMITED |
Director |
02/09/1987 |
02/09/1987 |
- |
Active |
NO |
|
2 |
U45200MH1945PTC003847 |
THE RAJASTHAN CONSTRUCTION
CO PVT LTD |
Director |
24/08/1992 |
24/08/1992 |
- |
Active |
NO |
|
3 |
L31300MH1992PLC067802 |
RAM RATNA WIRES LIMITED |
Director |
29/09/1993 |
29/09/1993 |
- |
Active |
NO |
|
4 |
U28997MH1995PLC085294 |
R R KABEL LIMITED |
Director |
30/09/1997 |
30/09/1997 |
- |
Active |
NO |
|
5 |
U21000MH1998PTC116169 |
PAP-PRINT (INDIA) PRIVATE
LIMITED |
Director |
07/08/1998 |
07/08/1998 |
- |
Active |
NO |
|
Name : |
Mr. Tribhuvanprasad Rameshwarlal Kabra |
|
Designation : |
Managing Director |
|
Address : |
Uma Sadan, 178, Vinayak Society, Opp. SNDT College and Sanskrit
Building, Behind Akota Stadium, Baroda – 390020, Gujarat, India |
|
Date of Birth/Age : |
11.06.1955 |
|
Date of Appointment : |
02.09.1997 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U29309GJ1989PTC012222 |
RAM RATNA ELECTRICALS
PRIVATE LIMITED |
Director |
14/07/1990 |
14/07/1990 |
- |
Active |
NO |
|
2 |
L31300MH1992PLC067802 |
RAM RATNA WIRES LIMITED |
Managing director |
24/06/2011 |
29/09/1993 |
- |
Active |
NO |
|
3 |
U67120MH1994PTC077137 |
RAM RATNA RESEARCH AND
HOLDINGS PRIVATE LIMITED |
Director |
17/03/1994 |
17/03/1994 |
- |
Active |
NO |
|
4 |
U28997MH1995PLC085294 |
R R KABEL LIMITED |
Managing director |
02/09/2009 |
02/09/1997 |
- |
Active |
NO |
|
5 |
U31300MH1973GAP016998 |
WINDING WIRES
MANUFACTURERS ASSOCIATION OF INDIA |
Director |
28/09/2001 |
28/09/2001 |
22/09/2009 |
Active |
NO |
|
6 |
U67120MH1995PTC084398 |
RSQUARE REALTY PRIVATE
LIMITED |
Director |
29/09/2007 |
09/05/2007 |
- |
Active |
NO |
|
7 |
U31900MH2007PLC223502 |
GLOBAL ELECTRICAL FACTORY
(INDIA) LIMITED |
Director |
24/09/2007 |
24/09/2007 |
- |
Active |
NO |
|
Name : |
Mr. Ashok Satyanarayan Loya |
|
Designation : |
Whole-time Director |
|
Address : |
1502, Krishna Heritage, New Link Road, Opp. Don Bosco School, Borivali
(West), Mumbai – 400091, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1965 |
|
Date of Appointment : |
08.09.1999 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U45309GJ1974PTC002487 |
KABEL BUILDCON SOLUTIONS PRIVATE
LIMITED |
Director |
22/01/1991 |
22/01/1991 |
08/04/2008 |
Active |
NO |
|
2 |
U67120MH1994PTC077137 |
RAM RATNA RESEARCH AND
HOLDINGS PRIVATE LIMITED |
Director |
17/03/1994 |
17/03/1994 |
- |
Active |
NO |
|
3 |
U28997MH1995PLC085294 |
R R KABEL LIMITED |
Whole-time director |
01/11/2010 |
08/09/1999 |
- |
Active |
NO |
|
4 |
U67120MH1995PTC091331 |
DHANNAJAY STOCKLEND
PRIVATE LIMITED |
Director |
29/09/2007 |
05/09/2007 |
- |
Active |
NO |
|
5 |
U31900MH2007PLC223502 |
GLOBAL ELECTRICAL FACTORY
(INDIA) LIMITED |
Director |
24/09/2007 |
24/09/2007 |
- |
Active |
NO |
|
Name : |
Mr. Dinesh Jaigopal Modani |
|
Designation : |
Director |
|
Address : |
B-3, 31-32, Mahendra Garden, Near Patkar College, S.V. Road, Goregaon
(West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
23.01.1963 |
|
Date of Appointment : |
05.07.2001 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U67120MH1994PTC077137 |
RAM RATNA RESEARCH AND
HOLDINGS PRIVATE LIMITED |
Director |
17/03/1994 |
17/03/1994 |
- |
Active |
NO |
|
2 |
U67120MH1995PTC091331 |
DHANNAJAY STOCKLEND
PRIVATE LIMITED |
Director |
03/08/1995 |
03/08/1995 |
- |
Active |
NO |
|
3 |
U28997MH1995PLC085294 |
R R KABEL LIMITED |
Director |
05/07/2001 |
05/07/2001 |
20/10/2011 |
Active |
NO |
|
4 |
U45203DL2002PTC114936 |
R R PARKON PRIVATE LIMITED
|
Director |
11/04/2002 |
11/04/2002 |
- |
Active |
NO |
|
5 |
U45209GJ2007PTC051815 |
WORLD ELECTRICAL HUB
PRIVATE LIMITED |
Director |
24/09/2007 |
24/09/2007 |
- |
Active |
NO |
|
6 |
U45309GJ1974PTC002487 |
KABEL BUILDCON SOLUTIONS
PRIVATE LIMITED |
Director |
20/06/2011 |
20/06/2011 |
- |
Active |
NO |
|
Name : |
Mr. Mahesh Tribhuvanprasad Kabra |
|
Designation : |
Whole-time Director |
|
Address : |
Uma Sadan, 178, Vinayak Society, Opp. SNDT College and Sanskrit
Building, Behind Akota Stadium, Baroda – 390020, Gujarat, India |
|
Date of Birth/Age : |
23.03.1977 |
|
Date of Appointment : |
11.03.2000 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U28997MH1995PLC085294 |
R R KABEL LIMITED |
Whole-time director |
01/11/2010 |
11/03/2000 |
- |
Active |
NO |
|
2 |
U67120MH1995PTC084398 |
RSQUARE REALTY PRIVATE
LIMITED |
Director |
29/09/2007 |
09/05/2007 |
- |
Active |
NO |
|
3 |
U45209GJ2007PTC051815 |
WORLD ELECTRICAL HUB
PRIVATE LIMITED |
Director |
24/09/2007 |
24/09/2007 |
- |
Active |
NO |
|
4 |
U45309GJ1974PTC002487 |
KABEL BUILDCON SOLUTIONS
PRIVATE LIMITED |
Director |
20/06/2011 |
20/06/2011 |
- |
Active |
NO |
|
Name : |
Mrs. Kirtidevi Kabra |
|
Designation : |
Director |
|
Address : |
Uma Sadan, 178, Vinayak Society, Opp. SNDT College and Sanskrit
Building, Behind Akota Stadium, Baroda – 390020, Gujarat, India |
|
Date of Birth/Age : |
23.02.1962 |
|
Date of Appointment : |
06.02.1995 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U31300GJ1982PLC005583 |
MEW ELECTRICALS LIMITED |
Director |
01/01/1988 |
01/01/1988 |
31/03/2009 |
Active |
NO |
|
2 |
U67120MH1995PTC084398 |
RSQUARE REALTY PRIVATE
LIMITED |
Director |
06/01/1995 |
06/01/1995 |
- |
Active |
NO |
|
3 |
U28997MH1995PLC085294 |
R R KABEL LIMITED |
Director |
06/02/1995 |
06/02/1995 |
- |
Active |
NO |
|
4 |
U72100MH2004PLC147670 |
S Q Solutions Limited |
Director |
23/07/2004 |
23/07/2004 |
- |
Active |
NO |
|
5 |
U67120MH1995PTC085552 |
RAM RATNA INFRASTRUCTURE
PVT LIMITED |
Director |
20/12/2005 |
20/12/2005 |
04/09/2007 |
Active |
NO |
|
Name : |
Mr. Mahendra Kumar Rameshwarlal Kabra |
|
Designation : |
Whole-time Director |
|
Address : |
Casa Grande, Tower No. 2, 20th Floor, Flat No. 2008, 249,
Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, |
|
Date of Birth/Age : |
13.05.1957 |
|
Date of Appointment : |
06.02.1995 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U31300GJ1982PLC005583 |
MEW ELECTRICALS LIMITED |
Director |
15/10/1982 |
15/10/1982 |
21/03/2008 |
Active |
NO |
|
2 |
L31300MH1992PLC067802 |
RAM RATNA WIRES LIMITED |
Director |
01/04/2007 |
21/07/1992 |
- |
Active |
NO |
|
3 |
U67120MH1994PTC077137 |
RAM RATNA RESEARCH AND HOLDINGS
PRIVATE LIMITED |
Director |
17/03/1994 |
17/03/1994 |
- |
Active |
NO |
|
4 |
U28997MH1995PLC085294 |
R R KABEL LIMITED |
Whole-time director |
01/11/2010 |
06/02/1995 |
- |
Active |
NO |
|
5 |
U67120MH1995PTC085552 |
RAM RATNA INFRASTRUCTURE
PVT LIMITED |
Director |
14/02/1995 |
14/02/1995 |
- |
Active |
NO |
|
6 |
U29309GJ1989PTC012222 |
RAM RATNA ELECTRICALS
PRIVATE LIMITED |
Director |
15/12/1999 |
15/12/1999 |
- |
Active |
NO |
|
7 |
U45203MH2001PTC131227 |
SHWESH INFRASTRUCTURE
PRIVATE LIMITED |
Director |
01/08/2001 |
01/08/2001 |
15/01/2010 |
Active |
NO |
|
8 |
U72100MH2004PLC147670 |
S Q Solutions Limited |
Director |
23/07/2004 |
23/07/2004 |
- |
Active |
NO |
|
9 |
U45209GJ2007PTC051815 |
WORLD ELECTRICAL HUB
PRIVATE LIMITED |
Director |
24/09/2007 |
24/09/2007 |
- |
Active |
NO |
|
Name : |
Mr. Sanjay Narnarayan Taparia |
|
Designation : |
Additional Director |
|
Address : |
152, Yugdharma, Opp. Inorbit, |
|
Date of Birth/Age : |
10.07.1963 |
|
Date of Appointment : |
12.11.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U67120MH1995PTC091331 |
DHANNAJAY STOCKLEND PRIVATE
LIMITED |
Director |
03/08/1995 |
03/08/1995 |
- |
Active |
NO |
|
2 |
U28997MH1995PLC085294 |
R R KABEL LIMITED |
Director |
30/09/2011 |
12/11/2010 |
- |
Active |
NO |
|
Name : |
Mr. Sumeet Mahendrakumar Kabra |
|
Designation : |
Additional Director |
|
Address : |
B/1908, Casa Grande, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400013, |
|
Date of Birth/Age : |
10.08.1982 |
|
Date of Appointment : |
12.11.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U28997MH1995PLC085294 |
R R KABEL LIMITED |
Director |
30/09/2011 |
12/11/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rameshwarlal Kabra |
|
520130 |
|
Mahendra Kumar Kabra |
|
2834130 |
|
Shreegopal Kabra |
|
483570 |
|
Satyanarayan Mohanlal Loya |
|
78760 |
|
Kirtidevi Kabra |
|
1263916 |
|
Ashok Satyanarayan Loya |
|
360630 |
|
Dinesh Jaigopal Modani |
|
130 |
|
Hemlata Kabra |
|
171080 |
|
Tribhuvanprasad Rameshwarlal Kabra |
|
742580 |
|
Shreegopal Kabra HUF |
|
678290 |
|
Rajesh Kabra (Minor) |
|
1776380 |
|
Mahendra Kumar Kabra HUF |
|
279500 |
|
Rameshwarlal Kabra HUF |
|
2269020 |
|
Tribhuvanprasad Rameshwarlal Kabra HUF |
|
357500 |
|
Uma T. Kabra |
|
3292250 |
|
Mahesh T. Kabra |
|
754000 |
|
Kabel Buildcon Solutions Private Limited ( |
|
260000 |
|
MEW Electricals Private Limited ( |
|
559000 |
|
Ram Ratna Wires Limited ( |
|
520000 |
|
Ratnidevi Kabra |
|
170300 |
|
Sumeet Minor |
|
343500 |
|
Hemant Through Mahendra Kabra |
|
1117708 |
|
Asha Through Mahendra Kabra |
|
130000 |
|
Preeti Through Shreegopal Kabra |
|
65000 |
|
Anant Loya HUF |
|
95230 |
|
G S Loya S/O Shri Satyanarayan Loya |
|
261950 |
|
G S Loya HUF |
|
13000 |
|
Neha Loya Through Ashok Loya |
|
8700 |
|
Ganga Devi Rathi |
|
1300 |
|
Mamta Ashok Loya |
|
223375 |
|
Ram Ratna Research and holding Company Private limited, Mumbai |
|
260000 |
|
Satya Narayan Loya HUF |
|
56900 |
|
Saroj A loya w/o Anant loya |
|
6740 |
|
Sunit Loya w/o G S Loya |
|
24440 |
|
Saraswati Loya |
|
2938 |
|
Ashok Loya HUF |
|
7087 |
|
Ashish Loya |
|
7225 |
|
Nikunj Loya |
|
2821 |
|
Anuj Loya |
|
3415 |
|
Aditya Loya |
|
3610 |
|
Sarita Jhawar |
|
139895 |
|
Oasis Realty Private limited, Mumbai
|
|
100000 |
|
Pepeyon Enterprises Private limited, Mumbai |
|
100000 |
|
The Ambika Silk Mills Company Limited, Mumbai |
|
100000 |
|
Total |
|
20446000 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
9.29 |
|
Directors or relatives of Directors |
90.71 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wires and Cables. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Finished goods various types of Cables |
Core Kilometer |
NA |
758000 |
627203 |
Notes:
(i) Installed Capacity is as per the certificate given by the management
based on triple shift operation.
(ii) Production of Cables is exempted from the licensing requirement
under the new Industrial Policy
GENERAL INFORMATION
|
Financial Institution: |
IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17,
R. Kamani Marg, Ballard Estate,, MUMBAI - 400001, Maharashtra, INDIA |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Notes :- a) Working Capital Loans are pari passu secured by way of first charge over the entire current assets of the company and second charge over fixed assets of the company. b) Term Loan from Corporation bank is secured by way of first pari pasu charge on Plant and Machinery and other movables assets of the Silvassa Unit valued Rs. 304.700 Millions as at March 31, 2010 and pari pasu first charge on Land, Building, Plant and Machinery of Company’s Vadodara Unit (present and future). c) Term Loan from Standard Chartered Bank (ECB) is secured by way of first pari pasu charge on Immovable and Movables Fixed Assets of the Company along with Corporation Bank. d) Vehicle Loans are secured by way of hypothication of specific vehicle. e) Term Loans and Working Capital Loans are also secured by personal guarantees of Sh. Tribhuvanprasad Kabra, Sh. Mahendrakumar Kabra, Sh. Shreegopal Kabra and Smt. Umadevi
Kabra.
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. C. Darak and Associates Chartered Accountant |
|
Address : |
Yashodhan, 1st Floor, |
|
Tel. No.: |
91-22-26161646 |
|
Fax No.: |
91-22-26161650 |
|
E-Mail : |
|
|
|
|
|
Exercise Control or
Significant Influence: |
|
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20446000 |
Equity Shares |
Rs.10/- each |
Rs.204.460
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 |
204.460 |
204.460 |
204.460 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
860.741 |
715.648 |
523.320 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1065.201 |
920.108 |
727.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1485.133 |
715.923 |
633.984 |
|
|
2] Unsecured Loans |
286.859 |
249.483 |
255.737 |
|
|
TOTAL BORROWING |
1771.992 |
965.406 |
889.721 |
|
|
DEFERRED TAX LIABILITIES |
44.253 |
55.601 |
40.753 |
|
|
|
|
|
|
|
|
TOTAL |
2881.446 |
1941.115 |
1658.254 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
463.639 |
497.015 |
485.085 |
|
|
Capital work-in-progress |
360.228 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
29.109 |
27.727 |
27.727 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1196.514
|
378.613
|
231.934 |
|
|
Sundry Debtors |
373.966
|
806.960
|
624.083 |
|
|
Cash & Bank Balances |
479.050
|
314.925
|
306.717 |
|
|
Other Current Assets |
35.703
|
36.257
|
47.931 |
|
|
Loans & Advances |
237.160
|
150.413
|
120.989 |
|
Total
Current Assets |
2322.393
|
1687.168
|
1331.654 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
113.382
|
42.642
|
35.175 |
|
|
Other Current Liabilities |
57.758
|
77.669
|
55.622 |
|
|
Provisions |
122.783
|
150.484
|
95.415 |
|
Total
Current Liabilities |
293.923
|
270.795
|
186.212 |
|
|
Net Current Assets |
2028.470
|
1416.373
|
1145.442 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2881.446 |
1941.115 |
1658.254 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5893.415 |
4263.745 |
4218.768 |
|
|
|
Other Income |
3.505 |
6.727 |
4.721 |
|
|
|
TOTAL (A) |
5896.920 |
4270.472 |
4223.489 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Inventory Change |
0.000 |
0.000 |
136.278 |
|
|
|
Consumption materials changes inventories |
4996.687 |
3404.926 |
3746.989 |
|
|
|
Manufacturing service costs |
55.128 |
58.875 |
(1.629) |
|
|
|
Employee related expenses |
143.815 |
115.477 |
0.931 |
|
|
|
Administrative selling other expenses |
323.668 |
227.359 |
0.174 |
|
|
|
TOTAL (B) |
5519.298 |
3806.637 |
3882.743 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
377.622 |
463.835 |
340.746 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
61.721 |
51.125 |
82.833 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
315.901 |
412.710 |
257.913 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
60.461 |
55.907 |
52.423 |
|
|
|
|
|
|
|
|
|
Add |
PRIOR PERIOD
ITEMS |
1.090 |
(0.503) |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
256.530 |
356.300 |
205.490 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
67.405 |
102.928 |
53.446 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
189.125 |
253.372 |
152.044 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
356.804 |
264.602 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
18.500 |
12.000 |
|
|
|
Final Dividend |
NA |
40.892 |
40.892 |
|
|
|
Tax on Dividend |
NA |
6.792 |
6.950 |
|
|
BALANCE CARRIED
TO THE B/S |
657.074 |
610.176 |
356.804 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1594.052 |
1274.540 |
1766.375 |
|
|
TOTAL EARNINGS |
1594.052 |
1274.540 |
1766.375 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
458.011 |
493.190 |
609.400 |
|
|
|
Machinery and Spares |
3.900 |
0.984 |
3.700 |
|
|
|
Capital Goods |
131.277 |
12.896 |
7.396 |
|
|
TOTAL IMPORTS |
593.188 |
507.070 |
620.496 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.25 |
12.39 |
7.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.21 |
5.93
|
3.60 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.35 |
8.36
|
4.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
55.32 |
16.31
|
11.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.39
|
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.94 |
1.34
|
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.90 |
6.23
|
7.15 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The company achieved production of 6,27,202 CKM compared to previous
year’s 5,37,721 CKM thereby posting a increase of 16.64% in production.
Similarly, the company has posted Gross Income Rs.63.200 Millions, as against
Rs. 45.200 Millions in previous year, higher by 39.82% on account of above
volume increase and higher LME prices. In spite of wide fluctuations in LME
rates of copper during the year 2010-11 and adverse market conditions, the
Company registered a Net Profit after Tax of Rs.189.125 Millions, over the
previous year’s Net Profit of Rs.253.372 Millions.
OUTLOOK
The midterm and long term outlook of the industry are fairly good as the
Indian Economy continues to achieve GDP growth rate at around 8% in spite of
global uncertainty.
FORM 8:
|
Corporate identity number of the company |
U28997MH1995PLC085294 |
|
Name of the company |
R R KABEL LIMITED |
|
Address of the registered office or of the
principal place of business in |
Ram Ratna House Victoria Millcompound Pandurang,
Budhkar Marg Worli, Mumbai – 400013, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property Immovable Property |
|
Particular of charge holder |
IDBI TRUSTEESHIP SERVICES LIMITED |
|
Nature of instrument creating charge |
Registered indenture of Mortgage dated
29th December, 2011. |
|
Date of instrument Creating the charge |
29.12.2011 |
|
Amount secured by the charge |
Rs.2062.600 Millions |
|
Short particulars of the property charged |
The immovable properties of the Company
as more particularly described in
Annexure B attached hereto in addition to the Movable Properties on which the
Charge has already been created. |
|
Particulars of the present modification |
The said credit facilities was earlier
secured by charge on the current and movable properties of the Company. The said credit facilities is now also
collaterally secured by Immovable properties as specified in Schedule II of
the Indenture of Mortgage (Annexure B attached hereto) dated 29th December,
2011. Further, this Charge has been modified to
the extent that Standard Chartered Bank - London (One of the lenders) shall
lend amount in foreign exchange i.e. USD 6.8 Million. |
FIXED ASSETS :
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.51.65 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.18 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.