MIRA
INFORM REPORT
|
Report Date : |
15.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
EMAMI BIOTECH LIMITED (w.e.f.13.07.2007) |
|
|
|
|
Formerly Known
As : |
EMAMI BIOTECH
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.04.2002 |
|
|
|
|
Com. Reg. No.: |
21-094530 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs. 274.425 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233WB2002PLC094530 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALN02533G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN7953M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Edible Oil, Bio Diesel, Glycerin,
Medicinal Plant and Herbal Products. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
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 slow but 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 – 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 |
A3 (Short Term Bank Facilities)
|
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
16.02.2012 |
|
Rating Agency Name |
CARE |
|
Rating |
BBB (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
16.02.2012 |
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
|
Registered Office / Head Office / Corporate Office : |
|
|
Tel. No.: |
91-33-66136264 / 341 / 792 / 66136391 |
|
Fax No.: |
91-33-66136300 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
J.L. No. 149, |
|
Tel. No.: |
91-3224-255983 / 255378 |
|
|
|
|
Factory 2 : |
Zero Point, |
DIRECTORS
AS ON 10.07.2012
|
Name : |
Mr. Swapan Kumar Mondal |
|
Designation : |
Whole Time Director |
|
Address : |
3, |
|
Date of Birth/Age : |
17.05.1950 |
|
Date of Appointment : |
18.04.2002 |
|
Voter ID No.: |
AEOPM4603B |
|
DIN No.: |
00367104 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909WB1974PLC029425 |
CRI
LIMITED |
Director |
01/04/2007 |
22/02/2002 |
- |
Active |
NO |
|
2 |
U24233WB2002PLC094530 |
EMAMI
BIOTECH LIMITED |
Whole-time
director |
01/04/2012 |
18/04/2002 |
- |
Active |
NO |
|
3 |
U36991WB1998PTC088301 |
EMAMI
INTERNATIONAL PRIVATE LIMITED |
Director |
19/12/2003 |
19/12/2003 |
- |
Active |
NO |
|
4 |
U51109WB2008PTC124915 |
ARAVALI
VINIMAY PRIVATE LIMITED |
Director |
30/09/2009 |
17/11/2008 |
28/10/2011 |
Active |
NO |
|
5 |
U51909WB1987PTC042332 |
ORIENTAL
SALES AGENCIES (INDIA) PRIVATE LIMITED |
Director |
29/09/2011 |
21/04/2011 |
- |
Active |
NO |
|
6 |
U01403MH2011PLC215738 |
SEALAC
AGRO VENTURES LIMITED |
Additional
director |
09/08/2011 |
09/08/2011 |
- |
Active |
NO |
|
7 |
L24232WB1919PLC003123 |
EMAMI
FRANK ROSS LIMITED |
Additional
director |
15/05/2012 |
15/05/2012 |
- |
Active |
NO |
|
8 |
U40102WB2010PLC154915 |
EMAMI
POWER LIMITED |
Director |
26/09/2012 |
18/05/2012 |
- |
Active |
NO |
|
Name : |
Mr. Sushil Kumar Khetan |
|
Designation : |
Director |
|
Address : |
129 A, Block CA - I Floor, Bangur Avenue, Kolkata - 700055, West
Bengal, India |
|
Date of Birth/Age : |
06.07.1965 |
|
Date of Appointment : |
19.12.2003 |
|
Voter ID No.: |
AGCPK8747J |
|
DIN No.: |
00358577 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U23201WB1990PLC050416 |
TECALEMIT
INDUSTRIES LIMITED |
Director |
12/07/1996 |
12/07/1996 |
25/06/2010 |
Active |
NO |
|
2 |
U24233WB2002PLC094530 |
EMAMI
BIOTECH LIMITED |
Director |
19/12/2003 |
19/12/2003 |
- |
Active |
NO |
|
3 |
U91100OR2010NPL011544 |
NOCCI
BALASORE INFRASTRUCTURE COMPANY |
Director |
29/01/2010 |
29/01/2010 |
- |
Active |
NO |
|
Name : |
Mr. Ghan Shyam Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
9A, Golf Towers, 9-PGMS Road, Kolkatat-700045, West Bengal, India |
|
Date of Birth/Age : |
01.10.1956 |
|
Date of Appointment : |
14.05.2012 |
|
Voter ID No.: |
ADHPG2724K |
|
DIN No.: |
00034927 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L02001OR1982PLC001101 |
MANGALAM
TIMBER PRODUCTS LIMITED |
Managing
director |
22/09/1997 |
22/09/1997 |
19/01/2007 |
Active |
NO |
|
2 |
U51909WB1940PLC009971 |
ZENITH
DISTRIBUTORS AND AGENTS LIMITED. |
Director |
24/10/2000 |
24/10/2000 |
18/01/2007 |
Active |
NO |
|
3 |
U65923WB1989PLC047566 |
VASAVADATTA
SERVICES LIMITED |
Director |
11/02/2003 |
11/02/2003 |
18/06/2012 |
Active |
NO |
|
4 |
U51909WB1982PLC035048 |
SNP
INVESTMENT AND TRADING COMPANY LIMITED |
Director |
07/07/2004 |
07/07/2004 |
19/01/2007 |
Active |
NO |
|
5 |
U51909WB1987PTC042332 |
ORIENTAL
SALES AGENCIES (INDIA) PRIVATE LIMITED |
Director |
29/09/2011 |
21/04/2011 |
- |
Active |
NO |
|
6 |
U24233WB2002PLC094530 |
EMAMI
BIOTECH LIMITED |
Whole-time
director |
10/07/2012 |
14/05/2012 |
- |
Active |
NO |
|
7 |
U26959ML2008PLC008312 |
EMAMI
(MEGHALAYA) CEMENT LIMITED. |
Director |
28/09/2012 |
18/05/2012 |
- |
Active |
NO |
|
8 |
U14200WB2008PTC125784 |
EMAMI
NATURAL RESOURCES PRIVATE LIMITED |
Director |
27/09/2012 |
18/05/2012 |
- |
Active |
NO |
|
Name : |
Mr. Pitamber Sharan Patwari |
|
Designation : |
Director |
|
Address : |
58B, Block-D, New Alipore, Kolkata-700053, West Bengal, India |
|
Date of Birth/Age : |
16.03.1956 |
|
Date of Appointment : |
14.05.2012 |
|
Voter ID No.: |
AFPPP9517B |
|
DIN No.: |
00363356 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L21019WB1981PLC034161 |
EMAMI
PAPER MILLS LIMITED |
Whole-time
director |
01/04/2011 |
28/11/1994 |
- |
Active |
NO |
|
2 |
U26940WB2007PLC116503 |
EMAMI
CEMENT LIMITED |
Director |
13/06/2007 |
13/06/2007 |
- |
Active |
NO |
|
3 |
U74999WB2010PTC140890 |
PREMIO
PACKAGING PAPERS PRIVATE LIMITED |
Director |
11/01/2010 |
11/01/2010 |
17/09/2012 |
Active |
NO |
|
4 |
U74999WB2011PTC169584 |
EMAMI
INSTITUTE OF CORPORATE SOLUTIONS PRIVATE LIMITED |
Director |
18/11/2011 |
18/11/2011 |
- |
Active |
NO |
|
5 |
U24246WB1994PLC061553 |
PAN
EMAMI COSMED LIMITED |
Director |
11/05/2012 |
11/05/2012 |
- |
Active |
NO |
|
6 |
U24233WB2002PLC094530 |
EMAMI
BIOTECH LIMITED |
Director |
10/07/2012 |
14/05/2012 |
- |
Active |
NO |
|
7 |
U40102WB2010PLC154915 |
EMAMI
POWER LIMITED |
Director |
26/09/2012 |
18/05/2012 |
- |
Active |
NO |
|
8 |
U70109WB2009PLC134447 |
BENGAL
EMAMI HOUSING LIMITED |
Nominee
director |
30/06/2012 |
30/06/2012 |
- |
Active |
NO |
|
Name : |
Mr. Rajiv Kumar Tibrewal |
|
Designation : |
Whole Time Director |
|
Address : |
19, Nandlal Mitra Lane, Salkia, Howrah-711106, West Bengal, India |
|
Date of Birth/Age : |
23.07.1971 |
|
Date of Appointment : |
16.06.2012 |
|
Voter ID No.: |
ABUPT4290Q |
|
DIN No.: |
02436031 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51109WB2008PTC124915 |
ARAVALI
VINIMAY PRIVATE LIMITED |
Director |
30/09/2009 |
17/11/2008 |
28/10/2011 |
Active |
NO |
|
2 |
L27310WB1977PLC031117 |
PREMIER
FERRO ALLOYS AND SECURITIES LIMITED |
Director |
29/06/2009 |
29/06/2009 |
- |
Active |
NO |
|
3 |
L51109WB1983PLC035918 |
DEEVEE
COMMERCIALS LIMITED |
Director |
30/09/2011 |
25/10/2010 |
- |
Active |
NO |
|
4 |
U51909WB1987PTC042332 |
ORIENTAL
SALES AGENCIES (INDIA) PRIVATE LIMITED |
Director |
29/09/2011 |
21/04/2011 |
- |
Active |
NO |
|
5 |
U24233WB2002PLC094530 |
EMAMI
BIOTECH LIMITED |
Whole-time
director |
10/07/2012 |
16/06/2012 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Kailash Chandra Panda |
|
Designation : |
Secretary |
|
Address : |
3/44, Bijaygarh, Kolkata – 700032, West |
|
Date of Birth/Age : |
27.09.1976 |
|
Date of Appointment : |
03.07.2008 |
|
PAN No.: |
ANHPP1700E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.07.2012
|
Names of Shareholders |
No. of Shares |
|
Aditya Vardhan Agarwal |
12250 |
|
Manish Goenka |
29150 |
|
Jagadish Prasad Agarwal |
10 |
|
Rajendra Kumar Jatia |
10 |
|
Swapan Kumar Mondal |
500 |
|
Bhanu Vyapaar Private Limited, |
3693310 |
|
Diwakar Viniyog Private Limited, |
4634050 |
|
Suntrack Commerce Private Limited, |
4633150 |
|
Surai Viniyog Private Limited, |
1807350 |
|
Raj Kumar Goenka |
24350 |
|
Radheshyam Goenka |
52500 |
|
Mohan Goenka |
20000 |
|
Rashmi Goenka |
40625 |
|
Saswat Goenka |
10625 |
|
Nimisha Goenka |
17500 |
|
K. D. Goenka and Sons (HUF) |
7500 |
|
Suresh Kumar Goenka |
62850 |
|
Asish Goenka |
8750 |
|
Shruti Goenka |
22500 |
|
Meena Goenka |
42875 |
|
Prashant Goenka |
40000 |
|
Yogesh Goenka |
43750 |
|
Sushil Kumar Goenka |
27500 |
|
Indu Goenka |
39375 |
|
Sachin Goenka |
47500 |
|
Sushil Kumar Goenka (HUF) |
36250 |
|
Radheshyam Agarwal |
150000 |
|
Harsh Vardhan Agarwal |
106500 |
|
H. V. Agarwal (HUF) |
37500 |
|
A. V. Agarwal (HUF) |
21250 |
|
Usha Agarwal |
121250 |
|
Jyoti Goenka |
40625 |
|
Santosh Goenka |
71375 |
|
Mansi Agarwal |
91250 |
|
Richa Agarwal |
120000 |
|
Saroj Goenka |
102500 |
|
Pan Emami Cosmed Limited, |
803550 |
|
TMT Viniyogan Limited, |
179857 |
|
R. S. Agarwal (HUF) |
52500 |
|
New Way Constructions Limited, |
625000 |
|
Emamihighrise (P) Limited, Kolkata, India |
1807400 |
|
Deeveecomercial Limited, |
2755600 |
|
Emamienclave Makers (P) Limited, |
1827140 |
|
Prestige Vyapaar Limited, India |
200000 |
|
Ideal Heights Private Limited, India |
1270000 |
|
Radheshyam Goenka (HUF) |
12000 |
|
Vidhishree Agarwal |
50000 |
|
Vidula Agarwal |
30000 |
|
Vibhash V Agarwal |
30000 |
|
Shreya Goenka |
10000 |
|
Puja Goenka |
40000 |
|
Rachna Goenka |
40000 |
|
Amitabh Goenka |
20000 |
|
Goenka Trading Company (HUF), India |
19500 |
|
Jayant Goenka |
19500 |
|
Kroda International Limited, India |
71450 |
|
Zenith Dealers LLP, India |
357143 |
|
Ramshila Enterprise (Private) Limited, India |
1000000 |
AS ON 10.07.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
92.22 |
|
Other top fifty shareholders |
7.78 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Edible Oil, Bio Diesel, Glycerin,
Medicinal Plant and Herbal Products. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Commercial Branch, Kolkata , 24, Park Street, Kolkata - 700016, West Bengal, India · Bank of Baroda, Indian Exchange Branch, 4, Indian Exchange Place, Kolkata-700001, West Bengal, India · ICICI Bank, Landmark Race Cource Circle, Alkapuri, Baroda-390015, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. K. Agrawal and Company Chartered Accountant |
|
Address : |
4A, |
|
Tel. No.: |
91-2248
8348 / 1761 / 7312 |
|
|
|
|
Subsidiaries : |
Emami Biotech ( New Age Biotech (P) |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30100000 |
Equity Share |
Rs.10/- each |
Rs. 301.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27442520 |
Equity Share |
Rs.10/- each |
Rs. 274.425
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 |
274.425 |
207.275 |
121.405 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1378.354 |
855.863 |
320.480 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1652.779 |
1063.138 |
441.885 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3282.909 |
2439.289 |
2853.669 |
|
|
2] Unsecured Loans |
838.316 |
250.961 |
521.912 |
|
|
TOTAL BORROWING |
4121.225 |
2690.250 |
3375.581 |
|
|
DEFERRED TAX LIABILITIES |
14.826 |
2.353 |
2.684 |
|
|
|
|
|
|
|
|
TOTAL |
5788.830 |
3755.741 |
3820.150 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2539.437 |
2475.391 |
1965.191 |
|
|
Capital work-in-progress |
1291.430 |
103.289 |
686.249 |
|
|
|
|
|
|
|
|
INVESTMENT |
83.415 |
49.113 |
0.332 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2307.975
|
1084.583
|
706.377
|
|
|
Sundry Debtors |
295.928
|
133.827
|
84.167
|
|
|
Cash & Bank Balances |
392.823
|
295.168
|
1123.164
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
692.466
|
519.340
|
328.703
|
|
Total
Current Assets |
3689.192
|
2032.918
|
2242.411
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
172.523
|
84.615
|
47.368
|
|
|
Other Current Liabilities |
1637.015
|
815.823
|
1024.502
|
|
|
Provisions |
5.174
|
4.634
|
2.327
|
|
Total
Current Liabilities |
1814.712
|
905.072
|
1074.197
|
|
|
Net Current Assets |
1874.480
|
1127.846
|
1168.214
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.068 |
0.102 |
0.164 |
|
|
|
|
|
|
|
|
TOTAL |
5788.830 |
3755.741 |
3820.150 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
15368.354 |
7666.824 |
1516.465 |
|
|
|
Other Income |
24.605 |
8.467 |
11.185 |
|
|
|
TOTAL (A) |
15392.959 |
7675.291 |
1527.650 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials charges inventories |
14011.684 |
6971.065 |
|
|
|
|
Manufacturing service costs |
144.123 |
80.481 |
1440.544 |
|
|
|
Employee related Expenses |
104.122 |
49.929 |
|
|
|
|
Administrative selling other Expenses |
523.083 |
215.330 |
|
|
|
|
TOTAL (B) |
14783.012 |
7316.805 |
1440.544 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
609.947 |
358.486 |
87.106 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
203.380 |
124.318 |
48.195 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
406.567 |
234.168 |
38.911 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
275.670 |
227.985 |
27.360 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
130.897 |
6.183 |
11.551 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.153 |
1.020 |
4.130 |
|
|
|
|
|
|
|
|
|
|
Net profit Loss
before minority interest share joint venture |
119.744 |
5.163 |
7.421 |
|
|
|
|
|
|
|
|
|
|
Adjustments related
merger acquisitions |
(0.153) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
119.591 |
5.163 |
7.421 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13.027 |
7.864 |
0.443 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
132.618 |
13.027 |
7.864 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
17.848 |
7.864 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
13994.619 |
6655.529 |
1892.230 |
|
|
|
Capital Goods |
5.498 |
3.374 |
0.000 |
|
|
Total Imports |
14000.117 |
6658.903 |
1892.230 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.39 |
0.42 |
2.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.01
|
0.06 |
0.46 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.01
|
0.08 |
0.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.02
|
0.13 |
0.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.01 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.60
|
3.38 |
10.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.03
|
2.24 |
2.09 |
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 |
Yes |
|
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) |
Yes |
|
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 |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
Registered office has been shifted from Stephen House, 6A R N Mukherjee
Road, 4th Floor, Kolkata-700001, West Bengal, India to the present
address w.e.f. 18.08.2007.
FORM 8
|
Corporate
identity number of the company |
U24233WB2002PLC094530 |
|
Name of the
company |
EMAMI BIOTECH
LIMITED |
|
Address of the
registered office or of the principal place of business in |
687, Anandapur, E. M. Bypass, Kolkata - 700107, West |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10103576 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge ·
Others |
|
Particular of
charge holder |
State Bank of India, Commercial Branch, Kolkata , 24, Park Street, Kolkata - 700016, West Bengal, India |
|
Nature of
instrument creating charge |
Supplemental
Agreement of Hypothecation of Goods and Assets for Increase in the Overall
Limit Supplemental Deed
of Guarantee for Increase in Overall Limit Letter Regarding
the Grant of Individual Limits within the Overall Limit |
|
Date of
instrument Creating the charge |
19.07.2012 |
|
Amount secured by
the charge |
Rs. 3722.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Term Loan: At
4.00% above Base Rate per annum with monthly rests. Working Capital:
At 4.00% above Base Rate per annum with monthly rests. Terms of repayment Working Capital
Limit is repayable on demand. The existing Term
Loan (present outstanding Rs.705.700 Millions) is repayable as per existing
terms of Sanction Letter No. CB/RM-III/135 dated 26.05.2008. Margin As stipulated by the
Bank for the respective assets from time to time. Raw
Materials/Finished Goods/SIP : 25%, Receivables
(Cover period 90 days): 25%, BG : 5% However,
the Bank shall be entitled at any time during the currency of the LC to
demand and recover any margin till the full extant of 100% on the LC. LC : 5% However,
the Bank shall be entitled at any time during the currency of the BG to
demand and recover any margin till the full extant of 100% on the BG. Extent and operation of the charge The charge
operates as pari passu first charge basis with other Working Capital Bankers
on the current assets and pari passu second charge basis on the moveable
fixed assets, both present and future pertaining to Edible Oil Division of
the Company at Haldia, West Bengal to secure the maximum amount under the
said charge fixed at Rs.3722.000 Millions together with interest, costs and
charges thereon. Other The Borrower
shall not do or allow anything which may prejudice the security and shall
comply with the terms and conditions of the Agreements. The overall limit
is also secured by Corporate Guarantee of M/s. Suraj Viniyog Private Limited. All other terms
and conditions continue to remain as before in full force and effect. |
|
Short particulars
of the property charged (Including location of the property) |
First charge on
the current assets of the Edible Oil Division of the Company situated at J.L.
No.149, H.P.L. Link Road, Mouza Debhog, Haldia, District Purba Medinipur,
West Bengal on pari passu basis with other Working Capital Bankers. Second charge on
hypothecation of all plant, machinery and other moveable assets, both present
and future situated at J.L. No.149, H.P.L. Link Road, Mouza Debhog, Haldia,
District Purba Medinipur, West Bengal on pari passu basis with other Working
Capital Bankers. |
|
Date of
instrument modifying the charge |
13.09.2011 |
|
Particulars of
the present modification |
By this
modification, the overall limit is reduced to Rs.3722.000 Millions as stated under
and charge on hypothecated current assets and moveable fixed assets
pertaining to Edible Oil Division of the Company at Haldia, West Bengal extended to secure the overall limit
together with interest, costs and charges thereon: TL : Rs.705.700
Millions FBWC : Rs.490.000
Millions LC : Rs.2330.000
Millions BG : Rs.100.000
Millions Credit Exposure
Limits for FC : Rs.96.300 Millions. |
FIXED ASSETS
·
Freehold Land
·
Leasehold Land
·
Building
·
Plant and Machinery
·
Furniture and Fittings
·
Vehicles
·
Computers and Accessories
·
Computer 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 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. 52.70 |
|
|
1 |
Rs. 84.50 |
|
Euro |
1 |
Rs. 68.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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.