MIRA
INFORM REPORT
|
Report Date : |
27.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
BILAG INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
BILAG INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 306/3, 2nd
Phase, GIDC, Vapi – 396195, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.08.1990 |
|
|
|
|
Com. Reg. No.: |
04-049322 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.233.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999GJ1990PTC049322 |
|
|
|
|
TIN No.: |
24250800135 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
SRTB01014G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB2100L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Agro Chemicals. |
|
|
|
|
No. of Employees
: |
826 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (67) |
|
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 43000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Exist |
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|
Comments : |
Subject is wholly owned by the Germany based ‘Bayer Group’. It is a well established and reputed company having fine track record.
Financial position of the company appears to be sound. The company receives good
operational and financial support from its group company. Trade relations are
fair. Business is active. Payments are reported to be regular and as per
commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
LONG TERM RATING : CRISIL AA |
|
Rating Explanation |
High degree of safety it carry very low credit risk |
|
Date |
2nd January, 2013 |
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 / Factory : |
Plot No. 306/3, 2nd
Phase, GIDC, Vapi – 396195, |
|
Tel. No.: |
91-260-2400809 / 2400444 / 2400443 / 2400055 |
|
Fax No. : |
91-260-2400444 / 2432774 |
|
E-Mail : |
|
|
Website : |
http://www.bilagindustries.com www.bilag.com
|
|
Area : |
26.3 Hector |
|
Location : |
Owned (Some part Owned and Some Leased) |
|
|
|
|
Administrative Office : |
512 / 513, Midas,
Sahar Plaza Complex, J. B. Nagar, Next to Airport, Kohinoor Hotel, Andheri
East, Mumbai 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28364313 –
16 |
|
Fax No.: |
91-22-28222222 |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Sekhar Kavasseri Rajagopalan |
|
Designation : |
Managing director |
|
Address : |
Flat No.C-302, lakshachandi Apartments, Gokuldham, Goregaon (East), Mumbai
– 400063, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1962 |
|
Date of Appointment : |
31.07.2012 |
|
DIN No.: |
03168413 |
|
|
|
|
Name : |
Achim Noack |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Curt-Beckmann Strasse 10, Dusseldorf, Germany 40474 |
|
Date of Birth/Age : |
17.07.1959 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
03349799 |
|
|
|
|
Name : |
Mr. Pramod Gopaldas Gujarathi |
|
Designation : |
Director |
|
Address : |
26, Yash, Dharamsi
Park, Opp. Gidc Guest House, Gidc Vapi – 396195, Gujarat, India |
|
Date of Birth/Age : |
25.06.1952 |
|
Qualification : |
B. Tech, DMS |
|
Experience : |
34 Years |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
ACMPG6999G |
|
DIN No.: |
00418958 |
|
|
|
|
Name : |
Rolf Otto Alfred Decker |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Amselweg – 4, Langenfeld, Germany 40764 |
|
Date of Birth/Age : |
20.11.1958 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
03349822 |
|
|
|
|
Name : |
Mr. Michael Johannes Van Nooy |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Leverkusen, Hohenstr 98, Leverkusen, Germany 51381 |
|
Date of Birth/Age : |
16.09.1954 |
|
Date of Appointment : |
07.03.2012 |
|
DIN No.: |
05242798 |
MAJOR SHAREHOLDERS
As on 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Bayer SAS, Lyon Cedex 09 |
23262599 |
|
Bayer CropScience AG (nominee shareholder of Bayer SAS), Germany |
1 |
|
Total |
23262600 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Agro Chemicals |
||||||||
|
|
|
||||||||
|
Products : |
·
Alphacypermethrin ·
Permethrin ·
Cypermethric
Acid Chloride ·
Metaphenoxybenzeldehyde |
PRODUCTION STATUS AS ON 31.03.2011
|
PARTICULARS |
Unit |
Installed
Capacity |
|
Class of Goods |
|
|
|
Pesticides |
MT |
9674 |
|
Pesticide Intermediates |
MT |
8800 |
|
Total |
|
18474 |
|
|
|
|
|
PARTICULARS |
|
Actual
Production |
|
Class of Goods |
|
|
|
Pesticides |
MT |
5571 |
|
Pesticide Intermediates |
MT |
6889 |
|
Total |
|
12460 |
GENERAL INFORMATION
|
No. of Employees : |
826 (Approximately) |
|
|
|
|
Bankers : |
·
Bank
of Baroda, III Phase Branch, Vapi, Gujarat, India ·
Bank of
India, Sand Chowk, Vapi Branch, Vapi - 396191, Gujarat, India ·
Dena
Bank , Selvasa Road, Vapi – 396191, Gujarat, India ·
Punjab
National Bank, International Banking
Branch, F/73, Maker Towers, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India ·
Punjab
National Bank , GIDC, Vapi – 396195, Gujarat, India
·
Deutsche
Bank ·
Nova
Scotia Bank ·
ABN
Amro Bank ·
Bank
of ·
HSBC
Bank ·
Citi Bank ·
ANZ Grindlays Bank Limited, O.R.D.S.A., 90,
Mahatma Gandhi Road, Mumbai-400001, Maharashtra , India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered
Accountants |
|
Address : |
Plot Y 14, Block EP, Sector V Salt Lake Electronic Complex Bidhan Nagar, Kolkata - 700 091, West Bengal, India |
|
PAN.: |
AAEFP3641G |
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|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Companies : |
|
|
|
|
|
Fellow Subsidiary
company : |
CIN No.: L24210MH1958PLC011173
CIN No.: U19113MH1995PTC179724
CIN No.: U05195MH1998PTC116021
CIN No.: U24233MH2011PTC213118 · Currenta GmbH and Co. OHG |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 Millions |
|
8500000 |
Preference Shares |
Rs.100/- each |
Rs.850.000 Millions |
|
|
Total |
|
Rs.1250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
23262600 |
Equity Shares |
Rs.10/- each |
Rs.233.000
Millions |
|
|
|
|
|
a) Rights,
preferences and restrictions attached to Equity Shares :
The Company has one class of Equity Shares having a par value of Rs. 10/- per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
b) Reconciliation of
number of Equity Shares:
|
Particulars |
As at March 31, 2012 |
|
|
|
No. of shares |
Rs. In Millions |
|
Balance as at the beginning of the year |
2,77,50,000 |
278.000 |
|
Less: Bought back |
44,87,400 |
45.000 |
|
Balance as at the end of the year |
2,32,62,600 |
233.000 |
c) 23,262,600 (Previous year: 27,750,000) Equity Shares of Rs. 10/- each, fully paid-up, are held by Bayer S.A.S., France, the Holding Company and its nominee. The Ultimate Holding Company is Bayer AG, Germany.
d) Shares bought back
during 5 years immediately preceding 2011-12:
|
Particulars |
April 07 to March 12 |
April 06 to March 11 |
|
|
Number of Shares |
|
|
Aggregate number of equity shares bought back |
55,58,827 |
55,58,827 |
e) Pursuant to a resolution passed at the Board of Directors meeting held on December 6, 2011 and a special resolution passed at the Extra-ordinary General Meeting of the Shareholders held on January 3, 2012, the Company bought back 4,487,400 equity shares of Rs. 10 each at a premium of Rs. 591 per share from its existing shareholder. Accordingly:
(i) The face value of Rs.45.000 Millions has been reduced from the paid up equity share capital; (ii) Rs.45.000 Millions has been transferred from the Statement of Profit and Loss to Capital Redemption Reserve as per the provision of the Act; and
(iii) The premium aggregating Rs. 2652.000 Millions has been adjusted from the Statement of Profit and Loss.
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 |
233.000 |
277.500 |
277.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10614.000 |
11019.793 |
9102.329 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10847.000 |
11297.293 |
9379.829 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
66.000 |
87.443 |
93.004 |
|
|
|
|
|
|
|
|
TOTAL |
10913.000 |
11384.736 |
9472.833 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1939.000 |
1979.525 |
2099.384 |
|
|
Capital work-in-progress |
288.000 |
131.666 |
68.817 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.108 |
0.115 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1557.000
|
1565.502
|
1660.733
|
|
|
Sundry Debtors |
1956.000
|
1363.246
|
1560.280
|
|
|
Cash & Bank Balances |
926.000
|
2355.978
|
1696.489
|
|
|
Other Current Assets |
2.000
|
133.229
|
188.014
|
|
|
Loans & Advances |
5259.000
|
4780.241
|
2829.490
|
|
Total
Current Assets |
9700.000
|
10198.196
|
7935.006
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
848.000
|
849.313
|
564.842
|
|
|
Current Liabilities |
104.000
|
31.550
|
39.041
|
|
|
Provisions |
62.000
|
43.896
|
26.606
|
|
Total
Current Liabilities |
1014.000
|
924.759
|
630.489
|
|
|
Net Current Assets |
8686.000
|
9273.437
|
7304.517
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10913.000 |
11384.736 |
9472.833 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8587.000 |
7333.920 |
7512.830 |
|
|
|
Other Income |
NA |
NA |
419.492 |
|
|
|
TOTAL (A) |
NA |
NA |
7932.322 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of raw material |
|
|
|
|
|
|
Cost of traded goods |
NA |
NA |
|
|
|
|
(Accretion) / Decretion of other Inventories |
|
|
5373.603 |
|
|
|
Manufacturing and Other Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
5373.603 (Including
Financial Expenses and Depreciation) |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3608.000 |
2791.720 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3341.000 |
2538.520 |
2558.719 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1095.000 |
621.060 |
644.860 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
2246.000 |
1917.460 |
1913.859 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10507.000 |
8588.890 |
6675.030 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12753.000 |
10506.350 |
8588.890 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B Value of Exports |
NA |
5039.608 |
5611.377 |
|
|
TOTAL EARNINGS |
NA |
5039.608 |
5611.377 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
1758.031 |
1914.432 |
|
|
|
Stores & Spares |
NA |
15.818 |
26.776 |
|
|
|
Capital Goods |
NA |
15.533 |
8.201 |
|
|
TOTAL IMPORTS |
NA |
1789.382 |
1949.411 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
82.54 |
69.10 |
68.97 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
NA |
NA |
24.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
38.91 |
34.61 |
34.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.71 |
20.84 |
25.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.22 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.57 |
11.03 |
12.58 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATION
DETAILS:
HIGH
COURT OF GUJARAT
TAX
APPEAL No. 27 of 2012 To TAX APPEAL No. 28 of 2012
|
Status : PENDING |
( Converted from : ST/35/2012 ) |
CCIN No : 001092201200027 |
Last Listing Date: 18/07/2012
Coram :
·
HONOURABLE MR.JUSTICE VIJAY MANOHAR SAHAI
·
HONOURABLE
MR.JUSTICE N.V.ANJARIA
|
S.NO. |
Name of the Petitioner |
Advocate On Record |
|
1 |
COMMISSIONER OF INCOME TAX |
MR SUDHIR M MEHTA for: Appellant(s) |
|
S.NO. |
Name of the Respondant |
Advocate On Record |
|||
|
1 |
BILAG INDUSTRIES PRIVATE LIMITED |
MR RK PATEL for :Opponent(s) |
|||
|
Presented On |
: 10/01/2012 |
Registered On |
: 11/01/2012 |
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Bench Category |
: DIVISION BENCH |
District |
: VALSAD |
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Case Originated From |
: THROUGH ADVOCATE |
Listed |
: 2 times |
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StageName |
: FOR REGULAR ADMISSION |
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Classification |
DB - OJ - TAX APPEAL - INCOME TAX ACT, 1961 - APPEAL TO HIGH COURT -
U/S 260 OF IT ACT - LONG TERM CAPITAL GAIN - U/S 54EA |
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Act |
INCOME-TAX ACT, 1961 |
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Other
Forums
|
S.No. |
CASEDETAILS |
TRIBUNAL
REFERRENCE |
ORDER PASSED BY |
JUDGEMENT DATE |
PLACE |
|
1 |
ITA 700/AHD/2009 |
ITA 700/AHD/2009 |
ACCOUNTANT MEMBER & JUDICIAL MEMBER |
29/07/2011 |
VALSAD |
Office
Details
|
S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document
Details |
|
1 |
08/06/2012 |
APPEARANCE NOTE |
MR SUDHIR M MEHTA ADVOCATE |
- |
MR SUDHIR M MEHTA:1 |
|
2 |
15/08/2012 |
VAKALATNAMA |
MR RK PATEL ADVOCATE |
- |
MR RK PATEL:1 |
|
3 |
15/08/2012 |
VAKALATNAMA |
MR SUDHIR M MEHTA ADVOCATE |
- |
MR SUDHIR M MEHTA:1 |
|
4 |
03/10/2012 |
VAKALATNAMA |
MR RK PATEL ADVOCATE |
5 |
MR RK PATEL:1 |
Linked
Matters
|
S. No. |
CaseDetail |
Status Name |
Disposal Date |
Action/Coram |
|
1 |
TAX APPEAL/809/2012 |
DISPOSED |
02/04/2013 |
ANY OTHER MODE @ ADM.STAGE HONOURABLE MR.JUSTICE AKIL KURESHI HONOURABLE MS JUSTICE SONIA GOKANI |
|
2 |
TAX APPEAL/810/2012 |
DISPOSED |
02/04/2013 |
ANY OTHER MODE @ ADM.STAGE HONOURABLE MR.JUSTICE AKIL KURESHI HONOURABLE MS JUSTICE SONIA GOKANI |
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Court
Proceedings
|
S. No. |
Notified Date |
CourtCode |
Board Sr. No. |
Stage |
Action |
Coram |
|
1 |
18/07/2012 |
3 |
- |
FOR REGULAR ADMISSION |
FIXED RULE / ADMIT |
HONOURABLE MR.JUSTICE VIJAY MANOHAR SAHAI HONOURABLE MR.JUSTICE N.V.ANJARIA |
Available
Orders
|
S. No. |
Case Details |
Judge Name |
Order Date |
CAV |
Judgement |
View |
Download |
|
1 |
TAX APPEAL/27/2012 |
HONOURABLE MR.JUSTICE VIJAY MANOHAR SAHAI HONOURABLE MR.JUSTICE N.V.ANJARIA |
18/07/2012 |
N |
N |
View |
Download |
|
2 |
TAX APPEAL/27/2012 |
HONOURABLE MR.JUSTICE AKIL KURESHI HONOURABLE MS JUSTICE SONIA GOKANI |
02/04/2013 |
N |
N |
View |
Download |
Certified
Copy
|
S. No. |
ApplicantName |
ApplicationType |
Application Date |
UOL Number |
Order Date |
Notify Date |
Delivery Date |
Status |
Nature Of
Document |
|
1 |
MR SUDHIR M MEHTA |
ORDINARY |
19/07/2012 |
O/22798-22799/2012 |
18/07/2012 |
21/07/2012 |
23/07/2012 |
Delivered |
- |
|
2 |
MR RK PATEL |
ORDINARY |
03/04/2013 |
O/10677/2013 |
02/04/2013 |
04/04/2013 |
05/04/2013 |
Delivered |
- |
|
3 |
MR SUDHIR M MEHTA |
ORDINARY |
03/04/2013 |
O/10672/2013 |
02/04/2013 |
04/04/2013 |
04/04/2013 |
Delivered |
|
NOTE:
The registered address of the company 512/513, 5th Floor,
Sahar Complex, Andheri - Kurla Road, J. B. Nagar, Andheri (East). Mumbai – 400069,
Maharashtra, India has shifted to present address with effect from 01.11.2006
PERFORMANCE REVIEW
Sales
During the year, the Company has achieved a turnover of Rs.8587.000 Millions as against Rs.7333.000 Millions recorded in the previous year.
Exports
During the year, the Company’s export sales stood at Rs.6037.000 Millions as against Rs.5086.000 Millions during the previous year. The Company’s exports stood at 70% of the total sales.
Profitability
During the year, the Company has achieved operating profits i.e. PBDIT of Rs.3608.000 Millions as compared to Rs.2792.000 Millions during the previous accounting year. The Profit After Taxation (PAT) of the Company for the accounting year under review aggregated to Rs.2246.000 Millions as against Rs.1918.000 Millions in the previous year.
BUSINESS EXPANSION
AND FUTURE OUTLOOK
The performance of the Company increased 17% over the last year. This was largely due to a very good take-off internally. Internal sales grew by 23% and external sales grew by 9%. Overall, net sales grew by 17%, benefitting from volume, price and exchange rate effects. During the year the Indian currency depreciated by 15%. Being a net exporter, the Company benefitted from the weakening of the Indian currency which contributed to a top line increase of Rs.316.000 Millions.
The Company expects growing demand for its products both in the domestic market as well as in the international market in the year ahead and is confident of surpassing its targets for the next year as well.
As part of its commitment on climate change and as a part of corporate social responsibility, the Company continues to invest in technology for further improving treatment of effluents and waste generated during the manufacturing process.
CONTINGENT LIABILITIES
(Rs.
In Millions)
|
Particulars
|
31.03.2012 |
31.03.2011 |
|
Claims against
company not acknowledged as debt |
|
|
|
- Direct Tax matters |
1375.000 |
1209.000 |
|
- Indirect Tax matters (Excise duty) |
553.000 |
69.000 |
Fixed assets
- Land and Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipment
AS PER WEBSITE DETAILS
PRESS RELEASE:
BILAG INDUSTRIES
BUYS 59.83 LAKH SHARES OF BAYER CROP
September 26, 2012
Bayer Cropscience rose 1.40 percent to close at Rs 1027.15 on
Tuesday after a big block deal in early trade.
Bayer AG sold 19 lakh equity shares and Bayer Cropscience
Aktiengesellschaft sold 40,82,948 shares at Rs 1002.85 a share yesterday.
However, Bilag Industries Private Limited have bought same quantity of shares
at same price yesterday.
As of June 2012, Bayer Cropscience AG held 11,236,586 shares (28.45
percent of total paid up equity), Bayer AG 82,72,560 shares (20.94 percent),
Bayer SAS 79,22,666 shares (20.06 percent) and Bayer Material Science Private
Limited held 6,54,850 shares (1.66 percent).
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 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.54.29 |
|
|
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
67 |
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.