MIRA
INFORM REPORT
|
Report Date : |
05.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
OCL INDIA LIMITED |
|
|
|
|
Registered
Office : |
AT/PO - Rajgangpur, Sundargarh – 770017, Orissa |
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.10.1949 |
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|
|
|
Com. Reg. No.: |
000185 |
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|
Capital
Investment / Paid-up Capital : |
Rs.113.800 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L26942OR1949PLC000185 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALO00890B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP1354J |
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|
|
Legal Form : |
A Public Limited Liability company. The company’s Share are Listed on
the Stock Exchange. |
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|
Line of Business
: |
Manufacturing and Sale of Refractories of Basic, Silica
and High Alumina Quality, Mag Carbox, Castable, Precast and CC Refractories,
Portland and Slag Cement and also engaged in Furnace Refractory Maintenance. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 36120000 |
|
|
|
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. There
appears sharp dip in the profitability of the company. However, general
financial position of the company appears to be strong. Trade relations are
reported to be fair. Business is active. Payment are reported to be regular
and as per commitment. The company can be considered for business dealings at usual trade
terms and condition. |
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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
4/5 (CARE Fundamental grade) |
|
Rating Explanation |
Fundamental of the company appears to be very strong |
|
Date |
31.03.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Cement
and refractory Works
and Registered Office : |
AT/PO - Rajgangpur, Sundargarh District – 770 017, Orissa, India. |
|
Tel. No.: |
91-661-24221212/ 24220121 (4 Lines) |
|
Fax No.: |
91-661-24220133/ 24220933 |
|
E-Mail : |
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|
Website : |
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Kapilas
Cement Works: |
Cuttack-753004, Orissa, India |
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|
|
|
Branches : |
17th, Floor, Narain Manzil, 23 Barakhamba Road, New
Delhi-110001, India |
DIRECTORS
As on 31.03.2012
|
Name : |
Mr. Pradip Kumar Khaitan |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Gaurav Dalmia |
|
Designation : |
Managing Director |
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|
|
|
Name : |
Mr. D. N. Davar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. (Dr). S. R. Jain |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. (Dr). Ramesh C. Vaish |
|
Designation : |
Director |
|
|
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|
Name : |
Mr. Puneet Yadu Dalmia |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. V. P. Sood |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. D. D. Atal |
|
Designation : |
Whole Time Director and CEO |
KEY EXECUTIVES
|
Name : |
Mr. M. H. Dalmia |
|
Designation : |
Presidents |
|
|
|
|
Name : |
Mr. R. H. Dalmia |
|
Designation : |
Presidents |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2012
|
Category of Shareholder |
Total No. of
Shares |
% of total No.
of Shares |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
168874 |
0.30 |
|
|
25814904 |
45.37 |
|
|
11814684 |
20.76 |
|
|
11814684 |
20.76 |
|
|
37798462 |
66.43 |
|
|
|
|
|
|
2354310 |
4.14 |
|
|
2354310 |
4.14 |
|
Total
shareholding of Promoter and Promoter Group (A) |
40152772 |
70.57 |
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
18000 |
0.03 |
|
|
62500 |
0.11 |
|
|
204450 |
0.36 |
|
|
284950 |
0.50 |
|
|
|
|
|
|
7860643 |
13.81 |
|
|
|
|
|
|
6471259 |
11.37 |
|
|
1619716 |
2.85 |
|
|
510880 |
0.90 |
|
|
188026 |
0.33 |
|
|
18080 |
0.03 |
|
|
304274 |
0.53 |
|
|
500 |
0.00 |
|
|
16462498 |
28.93 |
|
Total Public
shareholding (B) |
16747448 |
29.43 |
|
Total (A)+(B) |
56900220 |
100.00 |
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
56900220 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Sale of Refractories of Basic, Silica
and High Alumina Quality, Mag Carbox, Castable, Precast and CC Refractories, Portland
and Slag Cement and also engaged in Furnace Refractory Maintenance. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
United Bank of India ·
State Bank of India ·
Punjab National Bank ·
UCO Bank ·
AXIS Bank Limited ·
International Finance
Corporation ·
Export-Import Bank of India |
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Facilities : |
NOTE: The debentures are secured by way of first pari passu charge over
fixed assets (present and future) of Cement Division of the Company except
those to Syndicate Bank are additionaly secured by way of first pari-passu charge
on Fixed Assets of Refractory Division of the Company. Secured by First pari passu charge by way of mortgage and
hypothecation over all immovable properties and moveable fixed assets of
Cement Division, (both present and future) and further secured by second pari
pasu charge on all current assets of the Company. Secured by First charge on fixed assets of the Cement Division of
Company , both present and future to be shared pari passu with the providers
of the other debt and existing lenders, further secured by way of second pari
pasu charge on current assets of cement division. Secured by First ranking mortgage on all immovable and movable,
present and future assets related to the Cement Division (excluding Current Assets)
to be shared pari passu with other lenders in respect of other debts and
existing secured lenders to the Cement Division in respect of the existing
debt. Working capital facilities (fund based and non fund based limits) are
secured by first pari passu charge over stocks, stores, raw materials,
inventories, work in progress, finished goods and also book debts, bills and
moneys receivable of the Company by way of hypothecation. These facilities
are further secured by second charge over the fixed assets of the Cement
Division of the Company. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. Sankar Aiyar and Company Chartered Accountants |
|
|
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|
Associate
concern (Joint Venture): |
OCL Global Limited |
|
|
|
|
Enterprises
over which key management personnel are able to exercise significant
influence: |
·
Dalmia Bharat Seva Trust ·
Dapel Investments Private Limited ·
Dalmia Institute of Scientific and
Industrial Research (DISIR) ·
Dalton International Limited ·
Agrico Limited. ·
Dalmia Cement (Bharat) Limited ·
Landmark Property Development
Company Limited ·
Shree Natraj Ceramic and Chemical
Industries Limited ·
Chirawa Navyuvak Trust ·
Astir Properties Private Limited ·
Dalmia Shiksha Pratishthan ·
Landmark Landholdings Private
Limited ·
Dalmia Bharat Sugar and Industries
Limited ·
Dalmia Bharat Entrprises Limited, ·
DCB Power Ventures Limited ·
Calcom Cement India Limited ·
Debikay Systems Limited |
CAPITAL STRUCTURE
As on 27.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
70000000 |
Equity Shares |
Rs.2/- each |
Rs.140.000 Millions |
|
|
Total |
|
Rs.150.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56900220 |
Equity Shares |
Rs.2/- each |
Rs.113.800 Millions |
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
70000000 |
Equity Shares |
Rs.2/- each |
Rs.140.000 Millions |
|
|
Total |
|
Rs.150.000
Millions |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
63631805 |
Equity Shares |
Rs.2/- each |
Rs.127.264 Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56900220 |
Equity Shares |
Rs.2/- each |
Rs.113.800 Millions |
|
|
Add: Shares Forfeited Account |
|
Rs.0.050 Millions |
|
|
Total |
|
Rs.113.850
Millions |
a) Reconciliation of the number
of shares outstanding at the beginning and at the end of the reporting period
|
Particulars |
31.03.2012 |
|
|
No of Shares (In Lakhs) |
Rs.
in Millions |
|
|
Ordinary Shares outstanding at the beginning of the year |
569.00 |
113.800 |
|
Ordinary Shares outstanding at the beginning of the year |
- |
- |
|
Ordinary Shares bought back during the year |
- |
- |
|
Ordinary Shares outstanding at the end of the year |
569.00 |
113.800 |
b) Terms/ rights attached to ordinary
shares
The
Company has issued only one class of ordinary shares having a par value of Rs.
2/- per share. Each holder of ordinary shares is entitled to one vote per
share. The Company declares and pays dividends in Indian rupees. The dividend
proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting.
During
the year ended 31st March 2012, the amount of dividend per share recognised for
distribution to ordinary shareholders is Rs. 2/- (Previous year: Rs. 4/- per
share).
In
event of liquidation of the company, the holders of ordinary shares will be
entitled to receive remaining assets of the company, after distribution of all
preferential amounts.
The distribution will be in proportion to the number of
ordinary shares held by the shareholders.
c) Details of shareholders holding more than 5% shares in
the Company
|
Name of the Shareholders |
31.03.2012 |
|
|
No of Shares held (In Lakhs) |
% of Holding |
|
|
Mridu Hari Dalmia (C/o M H Dalmia Parivar Trust) |
116.87 |
20.54% |
|
Dalmia Cement (Bharat) Limited |
258.15 |
45.37% |
|
Dharti Investments and Holdings Limited |
35.06 |
6.16% |
d) Aggregate
number of bonus shares issued and shares bought back during the period of five
years immediately preceding the reporting date: Nil.
In
respect of shares issued for consideration other than cash, 1,23,52,500/-
ordinary shares of Rs. 2/- each fully paid up where alloted during the year
2007-08 to the shareholders of erstwhile Dalmia Cement (Meghalaya) Limited
pursuant to a scheme of arrangement for merger.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
113.850 |
113.850 |
113.850 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
8916.452 |
8730.313 |
7849.604 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
9030.302 |
8844.163 |
7963.454 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6051.517 |
7144.835 |
7947.387 |
|
|
2] Unsecured Loans |
68.645 |
268.570 |
309.395 |
|
|
TOTAL BORROWING |
6120.162 |
7413.405 |
8256.782 |
|
|
DEFERRED TAX LIABILITIES |
1204.680 |
1143.545 |
1200.086 |
|
|
|
|
|
|
|
|
TOTAL |
16355.144 |
17401.113 |
17420.322 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10635.722 |
9984.527 |
9776.596 |
|
|
Capital work-in-progress |
1481.842 |
2711.313 |
3311.249 |
|
|
Intangible assets under development |
3.960 |
3.103 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1762.862 |
75.886 |
61.196 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2602.517
|
2540.551 |
2028.812
|
|
|
Sundry Debtors |
1206.878
|
1314.337 |
1046.036
|
|
|
Cash & Bank Balances |
1328.171
|
3901.890 |
3537.672
|
|
|
Other Current Assets |
72.029
|
23.320 |
11.672
|
|
|
Loans & Advances |
1238.971
|
991.973 |
718.747
|
|
Total
Current Assets |
6448.566
|
8772.071 |
7342.939 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1104.229
|
1182.333 |
1673.457
|
|
|
Other Current Liabilities |
2710.435
|
2662.631 |
974.737
|
|
|
Provisions |
163.144
|
300.823 |
423.464
|
|
Total
Current Liabilities |
3977.808
|
4145.787 |
3071.658
|
|
|
Net Current Assets |
2470.758
|
4626.284 |
4271.281
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16355.144 |
17401.113 |
17420.322 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14704.350 |
14850.241 |
13742.047 |
|
|
|
Other Income |
331.514 |
243.013 |
345.932 |
|
|
|
TOTAL (A) |
15035.864 |
15093.254 |
14087.979 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
4664.702 |
4421.296 |
3842.677 |
|
|
|
Purchases of stock in trade |
236.781 |
240.119 |
97.551 |
|
|
|
Freight, clearing & handling on own clinker |
130.707 |
158.176 |
87.295 |
|
|
|
Changes in inventories of finished goods & work in
progress & Stock in Trade |
443.707 |
(315.648) |
(51.504) |
|
|
|
Employee benefits expense |
760.840 |
711.483 |
710.493 |
|
|
|
Power and fuel |
2695.562 |
2654.278 |
1978.057 |
|
|
|
Other expenses |
3698.637 |
3839.513 |
3226.272 |
|
|
|
TOTAL (B) |
12630.936 |
11709.217 |
9890.841 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2404.928 |
3384.037 |
4197.138 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
749.350 |
638.322 |
506.676 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1655.578 |
2745.715 |
3690.462 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1275.807 |
1227.523 |
1144.973 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
379.771 |
1518.192 |
2545.489 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
61.670 |
373.459 |
908.522 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
318.101 |
1144.733 |
1636.967 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
810.807 |
1185.775 |
766.576 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
113.801 |
227.601 |
227.601 |
|
|
|
Tax on proposed dividend |
318.101 |
1144.733 |
37.802 |
|
|
|
Transfer to Debenture
Redemption Reserve |
27.365 |
27.367 |
(47.635) |
|
|
|
Transfer to General Reserve |
120.000 |
120.000 |
1000.000 |
|
|
BALANCE CARRIED
TO THE B/S |
549.641 |
810.807 |
1185.775 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Goods exported (F.O.B. Value) |
412.252 |
304.026 |
270.874 |
|
|
|
Interest receipt |
0.000 |
1.382 |
0.000 |
|
|
|
Service charges |
13.326 |
9.928 |
17.311 |
|
|
|
UK Vat refund |
0.032 |
0.018 |
0.036 |
|
|
|
Sale of Goods on High Seas |
0.000 |
0.000 |
1.857 |
|
|
TOTAL EARNINGS |
425.610 |
315.354 |
290.078 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
691.456 |
580.710 |
841.881 |
|
|
|
Components and Spareparts |
86.586 |
82.245 |
29.131 |
|
|
|
Capital Goods |
18.540 |
10.076 |
3.196 |
|
|
TOTAL IMPORTS |
796.582 |
673.031 |
874.208 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.59 |
20.12 |
28.77 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2012 |
|
|
1st
Quarter |
|
Net Sales |
4792.600 |
|
Total Expenditure |
3348.000 |
|
PBIDT (Excl OI) |
1444.60 |
|
Other Income |
53.500 |
|
Operating Profit |
1498.100 |
|
Interest |
201.100 |
|
Exceptional Items |
0.000 |
|
PBDT |
1297.000 |
|
Depreciation |
341.400 |
|
Profit Before Tax |
955.600 |
|
Tax |
296.700 |
|
Provisions and contingencies |
0.000 |
|
Profit After Tax |
658.900 |
|
Extraordinary Items |
0.000 |
|
Prior Period Expenses |
0.000 |
|
Other Adjustments |
0.000 |
|
Net Profit |
658.900 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.12
|
7.58 |
11.62
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.58
|
10.22 |
18.52
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.22
|
8.09 |
14.86
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.04
|
0.17 |
0.31
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
1.12
|
1.31 |
1.42
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62
|
2.12 |
2.39
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
------ |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
------ |
|
22] |
Litigations that the firm
/ promoter involved in |
------ |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
------ |
|
26] |
Buyer visit details |
------ |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if
available |
Yes |
CONTINGENT
LIABILITY
Contingent Liability not provided for, in respect of: -
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
|
(i) Claims against the Company not acknowledged as debts |
|
|
(a) Disputed liability relating to ESI Contribution on
over time wages and other allowances |
7.259 |
|
(b) Disputed liability relating to PF Contribution on
certain allowances |
9.497 |
|
(c) Disputed liability relating to payment of premium on
forest land used for Mining purpose |
15.413 |
|
(d) For Pollution Control Board, Orissa |
1.182 |
|
(e) Disputed claim for supply of Refractories |
15.630 |
|
(f) Disputed liabilities relating to Railway for
enhanced Godown rent and over loading penal charges |
12.319 |
|
(g) Disputed Sales Tax demand(including interest and
penalty)-matter under appeal |
70.707 |
|
(h) Disputed Entry Tax demand-matter under appeal |
12.273 |
|
(i) Disputed Excise matters |
398.067 |
|
(j) Disputed counterclaim in Arbitration Proceeding
arising out of claim of - - Rs. 21.419 Millions by the company |
46.826 |
|
(k) Others |
22.118 |
|
(ii) Other monies for which the Company is contingently
liable : |
|
|
(a) Disputed liability relating to labour
matters-pending in Courts |
0.457 |
|
(b) Disputed liability relating to Land matters-pending
in Courts |
6.201 |
|
(c) Others |
7.850 |
|
(iii) Disputed liability in respect of Income Tax
demands |
85.546 |
|
In respect of items above, future cash outflows in
respect of contingent liabilities are determinable only on receipt of
judgements / decisions pending at various forums / authorities. |
|
|
(iv) (a) Guarantee given to Banks for loan facilities on
behalf of OCL Global Ltd (USD 15.88 Lakhs) an associate concern. (Previous
Year USD 20.74 Lakhs) |
81.830 |
|
(b) Guarantee given to Banks on behalf of OCL China Ltd
(USD 15.00 Lakhs) |
77.295 |
|
(c) Guarantee given to Banks on behalf of Radhikapur
(West) Coal Mining Private Limited against which counter gurantee of Rs.561.00 Lakhs has
been received from OISL |
107.600 |
STATEMENT OF UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2012
(Rs. in Millions)
|
PART I |
||
|
Statement of
Results For The Quarter Ended 30th June 2012 |
||
|
Sr. No. |
Particulars |
Quarter ended 30.06.2012 |
|
1 |
Income From
Operations a) Net Sales /
Income from operations (Net of Excise Duty) b) Other
Operating Income |
476800.000 2460.000 |
|
|
Total Income
from Operations (Net) |
479260.000 |
|
2 |
Expenses: a) Cost of
materials consumed b) Purchases of
stock-in-trade c) Changes in
inventories of finished goods, work in progress and stock-in-trade d)
Employee benefits expense e) Depreciation
and amortisation expense f) Power and
fuel g) Selling
Expenses h) Other
Expenditure |
126840.000 36770.000 -59220.000 21190.000 34140.000 83410.000 46770.000 79040.000 |
|
|
Total Expenses |
368940.000 |
|
3 |
Profit / (-Loss)
from Operations before Other Income, Finance costs & Exceptional Items
(1+2) |
110320.000 |
|
4 |
Other Income |
5350.000 |
|
5 |
Profit / (-Loss)
from Ordinary Activities before Finance Cost & Exceptional Items (3+4) |
115670.000 |
|
6 |
Finance costs |
20110.000 |
|
7 |
Profit / (-Loss)
from Ordinary Activities after finance costs but before Exceptional Items
(5+6) |
95560.000 |
|
8 |
Exceptional Items |
- |
|
9 |
Profit (+)/ Loss
(-) from Ordinary Activities before Tax (7+8) |
95560.000 |
|
10 |
Tax expenses |
29670.000 |
|
11 |
Net Profit (+)/
Loss(-) from Ordinary Activities after Tax (9±10) |
65890.000 |
|
12 |
Extra Ordinary Items
(net of Tax Expenses Rs.) |
- |
|
13 |
Net Profit (+) /
Loss (-) for the period (11±12) |
65890.000 |
|
14 |
Paid-up Equity
Share Capital (Face Value of Rs.2 per share) |
11380.000 |
|
15 |
Paid-up Debt
Capital |
- |
|
16 |
Reserve excluding
Revaluation Reserves as per Balance sheet of previous accounting year |
- |
|
17 |
Debenture
Redemption Reserve |
- |
|
18 |
Earnings Per
Share (Not Annualised) (Basic and Diluted) (Rs.) a) Before
Extra-ordinary items b) After Extra-ordinary items |
11.58 11.58 |
|
|
|
|
|
1 |
Public Shareholding |
|
|
|
Number of shares (in lakhs) |
168.04 |
|
|
Percentage of shareholding |
29.53 |
|
2 |
Promoters and promotor group shareholding a) Pledged/Encumbered -Number of Shares (in lakhs) -Percentage of shares (as a % of the total
shareholding of promoter and promoter group) -Percentage of shares (as a % of the total
share capital of the company) b) Non-encumbered -Number of Shares (in lakhs) -Percentage of shares (as a % of the total
shareholding of promoter and promoter group) -Percentage of shares (as a % of the total
share capital of the company) |
- - - 400.96 100.00 70.47 |
|
Particulars |
3
Months Ended 30th June 2012 |
|
|
|
INVESTOR
COMPLAINTS Pending at the beginning of the quarter Received during the quarter Disposed of during the quarter Remaining unresolved at the end of the quarter |
- - - - |
SEGMENT-
WISE REVENUE RESULTS AND CAPITAL EMPLOYED
(Rs. in Millions)
|
Particulars |
Quarter ended 30.06.2012 |
|
1)
Segment Revenue |
|
|
a) Cement |
414190.000 |
|
b) Refractory |
62580.000 |
|
c) Others |
30.000 |
|
Total |
476800.000 |
|
Less: Inter Segment Revenue |
- |
|
Net Sales / Income from operation |
476800.000 |
|
2)
Segment Results |Profit/(Loss) before Tax and Interest) |
|
|
a) Cement |
118640.000 |
|
b) Refractory |
3840.000 |
|
Total |
122480.000 |
|
Less: i) Interest Expense |
20110.000 |
|
ii) Un-allocable expenditure (Net of Income) |
6810.000 |
|
Total Profit before Tax |
95560.000 |
|
3)
Capital Employed (Segment Assets-Segment Liabilities) |
|
|
a) Cement |
1601610.300 |
|
b) Refractory |
214970.000 |