1. Summary Information
|
|
|
Country |
India |
|
Company Name |
IDMC LIMITED |
Principal Name 1 |
Dr. Amrita Hirubhai Patel |
|
Status |
Good |
Principal Name 2 |
Mr. Ravi Shankar |
|
|
|
Registration # |
04-018283 |
|
Street Address |
Plot No. 124-128,
GIDC Estate, Vithal Udyognagar, District Anand-388121, Gujarat, India |
||
|
Established Date |
14.09.1992 |
SIC Code |
-- |
|
Telephone# |
91-2692-236375/ 229917/ 229918/ 229921/ 229922/ 229923/ 223675/ 225151 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-2692-236580/ 236164/ 234397/ 234397 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Equipment for
Application |
|
|
# of employees |
700 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 121,445,440/- |
Product Name 3 |
-- |
|
Shareholders |
Public Financial Companies - 100.00 % |
Banking |
Indian Bank |
|
Public Limited Corp. |
NO |
Business Period |
21 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A
(58) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,820,950,000 |
Current Liabilities |
1,180,960,000 |
|
Inventories |
549,420,000 |
Long-term Liabilities |
1,016,870,000 |
|
Fixed Assets |
838,110,000 |
Other Liabilities |
110,240,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,308,070,000 |
|
Invest& other Assets |
8,910,000 |
Retained Earnings |
787,870,000 |
|
|
|
Net Worth |
909,320,000 |
|
Total Assets |
3,217,390,000 |
Total Liab. & Equity |
3,217,390,000 |
|
Total Assets (Previous Year) |
3,051,680,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
4,188,890,000 |
Net Profit |
7,220,000 |
|
Sales(Previous yr) |
3,938,960,000 |
Net Profit(Prev.yr) |
233,170,000 |
MIRA
INFORM REPORT
|
Report Date : |
01.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
IDMC LIMITED (w.e.f. 26.01.2007) |
|
|
|
|
Formerly Known
As : |
INDIAN DAIRY
MACHINERY COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Plot No. 124-128,
GIDC Estate, Vithal Udyognagar, District Anand-388121, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.09.1992 |
|
|
|
|
Com. Reg. No.: |
04-018283 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 121.445 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299GJ1992PTC018283 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDI00332D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI4631E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and
Supplier of Equipment for Application in Dairy, Pharma, Beverage, Brewery and
Thermal Management, Cattle feed as well as packaging Industries. |
|
|
|
|
No. of Employees
: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
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 3640000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “National Dairy Development
Board”. It is a well established and reputed company having good track record.
There appears drastic fall in its profitability during 2012. However, general financial position seems to be strong. Performance
capability is good. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. In view of strong holdings the company can be considered normal 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A+ = Long Term Rating |
|
Rating Explanation |
Having adequate degree of safety regarding
timely servicing of financial obligation. It carry low credit risk. |
|
Date |
August 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.
INFORMATION PARTED BY
|
Name : |
Mr. Bipin |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-2692-236375 |
|
Date : |
30.07.2013 |
LOCATIONS
|
Registered
Office/ Corporate office /Factory 1: |
Plot No. 124-128,
GIDC Estate, Vithal Udyognagar, District Anand - 388121, |
|
Tel. No.: |
91-2692-236375/ 229917/ 229918/ 229921/ 229922/ 229923/ 223675/ 225151 |
|
Fax No.: |
91-2692-236580/
236164/ 234397/ 234397 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory 2 : |
(Machine Shop) Plot
No. 606-608, GIDC Estate, Vithal Udyog Nagar, Anand, |
|
Location: |
Owned |
|
|
|
|
Factory 3 : |
(BMC Unit) Plot No. 443-B , GIDC Estate, Vithal Udyog
Nagar, Anand, |
|
Location: |
Owned |
|
|
|
|
Factory 4 : |
(Optifilm Division) Plot No. 94-97, GIDC Estate, Vithal
Udyog Nagar, Anand, |
|
Fax No.: |
91-2692-233029 |
|
Location: |
Owned |
|
|
|
|
Factory 5 : |
Plot No. C-1/11-12, GIDC Estate, Vithal Udyog Nagar, Anand, |
|
Location: |
Owned |
|
|
|
|
Regional Offices : |
Located At: ·
Mumbai ·
Chennai ·
·
·
·
·
Kolkata ·
Anand |
DIRECTORS
As on 16.07.2012
|
Name : |
Dr. Amrita Hirubhai Patel |
|
Designation : |
Chairman |
|
Address : |
Savita” Bungalow,
Vallabh Vidhyanagar, Anand – 388 120, |
|
Date of Birth/Age : |
13.11.1943 |
|
Date of Appointment : |
12.10.1992 |
|
DIN No.: |
00065052 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Managing director |
|
Address : |
B-3, NDDB Campus,
Anand – 388 001, |
|
Date of Birth/Age : |
20.05.1962 |
|
Date of Appointment : |
16.03.2012 |
|
DIN No.: |
00277044 |
|
|
|
|
Name : |
Mr. Deepak Tikku |
|
Designation : |
Director |
|
Address : |
A -1, NDDB
Campus, Anand – 388 001, |
|
Date of Birth/Age : |
19.06.1948 |
|
Date of Appointment : |
30.07.1999 |
|
DIN No.: |
00064125 |
|
|
|
|
Name : |
Mr. Dilip Rath |
|
Designation : |
Director |
|
Address : |
National Dairy Development board, Near Jagnath Mahadev, Anand –
388001, |
|
Date of Birth/Age : |
15.11.1954 |
|
Date of Appointment : |
21.12.2011 |
|
DIN No.: |
05163623 |
|
|
|
|
Name : |
Mr. Subramaniam Ramachandran Iyer |
|
Designation : |
Director |
|
Address : |
R -3, |
|
Date of Birth/Age : |
28.05.1940 |
|
Date of Appointment : |
22.09.2003 |
|
DIN No.: |
00580437 |
|
|
|
|
Name : |
Mr. Sangramsinh Raysangbhai Chaudhary |
|
Designation : |
Director |
|
Address : |
B-6, NDDB Campus,
Anand – 388 001, |
|
Date of Birth/Age : |
06.09.1960 |
|
Date of Appointment : |
16.03.2012 |
|
DIN No.: |
01850128 |
|
|
|
|
Name : |
Mr. Anil Shenoi |
|
Designation : |
Whole-time director |
|
Address : |
B -12, NDDB
Campus, Anand – 388 001, Gujarat, India |
|
Date of Birth/Age : |
01.02.1958 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00062468 |
|
PAN No.: |
AHFPS3497R |
KEY EXECUTIVES
|
Name : |
Mr. Bipin |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Ms. Kinnari Hanskumar Shah |
|
Designation : |
Company Secretary |
|
Address : |
10, Ashok Apartment, Opposite Suraj Paty Plot, |
|
Date of Birth/Age : |
06.07.1978 |
|
Date of Appointment : |
01.01.2011 |
|
Pan No. : |
BAGPS6051Q |
MAJOR SHAREHOLDERS
As on 16.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
National Dairy Development |
|
12144538 |
|
Amrita Patel |
|
1 |
|
Y. Y. Patil |
|
1 |
|
Anil Shenoi |
|
1 |
|
Dilip Rath |
|
1 |
|
Sangram R. Chaudhary |
|
1 |
|
|
|
1 |
|
Total |
|
12144544 |
Equity Share Break up (Percentage of Total Equity)
As on 16.07.2012
|
Category |
Percentage |
|
Public
Financial Companies |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Supplier of Equipment for Application in Dairy, Pharma, Beverage, Brewery and
Thermal Management, Cattle feed as well as packaging Industries. |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||
|
Products : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||
|
Terms : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||
|
Selling : |
L/C, Cash and Credit |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Fabricated equipments |
Nos. |
NA |
783 |
|
Bulk Milk Cooling Tank |
Nos. |
NA |
1141 |
|
SS Fittings |
Nos. |
NA |
50409 |
|
Pumps |
Nos. |
NA |
1763 |
|
Plate heat Exchanges |
Nos. |
NA |
736 |
|
Components Spares and accessories |
Nos. |
NA |
27725 |
|
Optifilm |
Kgs. |
9100000 |
7825183 |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
700 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Tel No.: 91-2692-261976 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
31, Nutan Bharat Socity, Alkapuri, |
|
Tel. No.: |
91-265-2333776 |
|
Fax No.: |
91-265-2339729 |
|
PAN.: |
AADFD2337G |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12144544 |
Equity Shares |
Rs. 10/- each |
Rs. 121.445 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
121.450 |
121.450 |
|
(b) Reserves & Surplus |
|
787.870 |
780.650 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
909.320 |
902.100 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
202.800 |
281.540 |
|
(b) Deferred tax liabilities (Net) |
|
80.620 |
68.410 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
4.870 |
4.540 |
|
Total Non-current Liabilities (3) |
|
288.290 |
354.490 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
814.070 |
693.020 |
|
(b) Trade payables |
|
857.260 |
715.250 |
|
(c) Other current
liabilities |
|
323.700 |
299.270 |
|
(d) Short-term provisions |
|
24.750 |
87.550 |
|
Total Current Liabilities (4) |
|
2019.780 |
1795.090 |
|
|
|
|
|
|
TOTAL |
|
3217.390 |
3051.680 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
821.960 |
854.940 |
|
(ii) Intangible Assets |
|
16.150 |
3.630 |
|
(iii) Capital
work-in-progress |
|
8.910 |
8.980 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
12.190 |
9.880 |
|
(e) Other Non-current assets |
|
149.010 |
148.350 |
|
Total Non-Current Assets |
|
1008.220 |
1025.780 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
549.420 |
618.860 |
|
(c) Trade receivables |
|
1399.870 |
1223.670 |
|
(d) Cash and cash
equivalents |
|
32.120 |
23.010 |
|
(e) Short-term loans and
advances |
|
212.640 |
150.430 |
|
(f) Other current assets |
|
15.120 |
9.930 |
|
Total Current Assets |
|
2209.170 |
2025.900 |
|
|
|
|
|
|
TOTAL |
|
3217.390 |
3051.680 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
121.445 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
576.715 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
698.160 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1041.346 |
|
|
2] Unsecured Loans |
|
|
111.824 |
|
|
TOTAL BORROWING |
|
|
1153.170 |
|
|
DEFERRED TAX LIABILITIES |
|
|
63.232 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1914.562 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
874.023 |
|
|
Capital work-in-progress |
|
|
1.635 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
563.606 |
|
|
Sundry Debtors |
|
|
1057.199 |
|
|
Cash & Bank Balances |
|
|
29.198 |
|
|
Other Current Assets |
|
|
49.880 |
|
|
Loans & Advances |
|
|
186.356 |
|
Total
Current Assets |
|
|
1886.239 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
351.572 |
|
|
Other Current Liabilities |
|
|
418.000 |
|
|
Provisions |
|
|
77.763 |
|
Total
Current Liabilities |
|
|
847.335 |
|
|
Net Current Assets |
|
|
1038.904 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1914.562 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4188.890 |
3938.960 |
3440.565 |
|
|
|
Other Income |
11.300 |
13.150 |
128.203 |
|
|
|
TOTAL (A) |
4200.190 |
3952.110 |
3568.768 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3080.740 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
75.760 |
8.830 |
|
|
|
|
Employee benefit expense |
280.570 |
228.670 |
|
|
|
|
Other expenses |
531.120 |
486.680 |
|
|
|
|
TOTAL (B) |
3968.190 |
3408.380 |
3077.100 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
232.000 |
544.730 |
491.668 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
132.940 |
111.550 |
121.067 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
99.060 |
433.180 |
370.601 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
79.460 |
80.060 |
68.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
19.600 |
352.120 |
302.289 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.380 |
119.950 |
106.849 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.220 |
233.170 |
195.440 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
538.780 |
352.343 |
200.226 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
17.500 |
15.000 |
|
|
|
Proposed Dividend (including tax on dividend) |
0.000 |
28.230 |
28.323 |
|
|
BALANCE CARRIED
TO THE B/S |
546.000 |
538.780 |
352.343 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export (FOB Basis) |
22.590 |
106.910 |
77.821 |
|
|
|
Commission Earnings |
0.980 |
0.120 |
1.574 |
|
|
TOTAL EARNINGS |
23.570 |
107.030 |
79.395 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3.730 |
0.000 |
367.906 |
|
|
|
Bought Out |
384.760 |
396.800 |
356.787 |
|
|
|
Capital Goods |
380.820 |
616.570 |
168.770 |
|
|
|
Goods-In-Transit |
0.000 |
5.260 |
10.606 |
|
|
TOTAL IMPORTS |
769.310 |
1018.630 |
904.069 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.59 |
19.12 |
16.09 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
3450.000 |
|
|
|
|
|
The above information has been parted by Mr. Bipin.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.17
|
5.90
|
5.48
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.47
|
8.94
|
9.05
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.23
|
7.66
|
10.95
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.26
|
0.43
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12
|
1.08
|
2.87
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.13
|
2.23
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
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 |
PERFORMANCE:
During the year,
IDMC operated in six segments:
i)
Dairy
ii)
Thermal Management Systems
iii)
Pharmaceuticals and Biotechnology
iv)
Brewery and Beverages
v)
Packaging
vi)
Cattle feed
Although the year
witnessed a deceleration in the domestic and global economies, IDMC’s income
grew from Rs. 3952.110 Million in the previous year to Rs. 4200.190 million
during the year. The engineering division generated a sale of Rs. 3152.920
million compared to Rs. 2922.610 million during 2010-11. Likewise, the sale of
packaging division grew from Rs. 1016.350 million in the previous year to Rs.
1035.970 million during 2011-12.
Profit after tax
was Rs. 7.220 million for the year as compared to Rs. 232.170 million in the
previous year. Earning per equity share of face value of Rs. 10 was Rs. 0.59
compared to Rs. 19.12 in the previous year.
OUTLOOK:
While the growth
rate of the Indian economy has slowed down due to a deceleration in the
industrial sector and the falling rupee, it is expected that the manufacturing
and engineering sectors would rebound in due course.
Also, the
implementation of new schemes for increasing milk productivity and production
would provide opportunities for IDMC to expand its business in the dairy
industry.
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Rupee Term Loan
from Bank |
0.000 |
302.230 |
|
Total |
0.000 |
302.230 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10381722 |
17/10/2012 |
400,000,000.00 |
STATE BANK OF INDIA |
SPECIAL COMMERCIAL BRANCH, JAYLAXMI PLAZA, GANESH |
B60141041 |
|
2 |
10372064 |
01/11/2012 * |
870,000,000.00 |
INDIAN BANK |
5/8/14, STATION ROAD, ANAND, ANAND, Gujarat - 388 |
B62500277 |
|
3 |
10348929 |
03/07/2013 * |
350,000,000.00 |
Axis Bank Limited |
"TRISHUL", 3RD FLOOR, OPP. SAMATHESHWAR
TEMPLE,, |
B79985537 |
|
4 |
10344136 |
20/09/2012 * |
1,300,000,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
NR. JAGNATH MAHADEV, NATIONAL DAIRY DEVELOPMENT B |
B59067181 |
|
5 |
90096023 |
27/07/2000 * |
120,000,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
POST BOX NO. 40, ANAND, Gujarat - 388001, INDIA |
- |
|
6 |
90095986 |
29/12/1997 |
72,500,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
P. B. NO. 40, ANAND, Gujarat - 388001, INDIA |
- |
|
7 |
90095538 |
05/06/2002 * |
48,279,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
POST BOX NO. 40, ANAND, West Bengal - 388001, INDI |
- |
|
8 |
90095886 |
19/07/1994 |
48,279,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
POST BOX NO. 40, ANAND, Gujarat - 388001, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
- Land
- Building, Road and Housing Property
- Plant and machinery
- Electric installation
- Furniture and fixture
- Office Equipment and Air Conditioner
- Computer
- Vehicle
- Solar Power Systems
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. 61.12 |
|
|
1 |
Rs. 92.97 |
|
Euro |
1 |
Rs. 80.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
58 |
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.