|
Report Date : |
23.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
GODREJ AGROVET LIMITED |
|
|
|
|
Registered
Office : |
Pirojsha Nagar, Eastern Express Highway, Vikhroli (East), Mumbai –
400079, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 (Profit and Loss) |
|
|
|
|
Date of
Incorporation : |
25.11.1991 |
|
|
|
|
Com. Reg. No.: |
11-135359 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 121.188 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15410MH1991PLC135359 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08309A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG0617Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Sale of Animal Feeds. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
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 10330000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Godrej Group. It is a well established and reputed company having fine track record.
Financial position of the company appears to be sound. Trade relations are
reported as 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 |
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 |
ICRA |
|
Rating |
A+ (Long term) |
|
Rating Explanation |
The adequate credit quality It carry average credit risk |
|
Date |
June, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
A1+ (Short term) |
|
Rating Explanation |
The highest credit quality It carry lowest credit risk |
|
Date |
June, 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 : |
Pirojsha Nagar, Eastern |
|
Tel. No.: |
91-22-25188010 / 25188020
/ 25188030 / 25194803 |
|
Fax No.: |
91-22-25188485 |
|
E-Mail : |
upendra.pathak@godrejagrovet.com
|
|
Website : |
|
|
|
|
|
Factory / Plant Biotech Division : |
148/B, Kandalkoi, Medchal, R.R Dist - 501 403, Andhra Pradesh, India |
|
Tel. No.: |
91-040-23792091 |
|
Fax No.: |
91-040-23792092 |
|
|
|
|
Branches : |
Located at
|
DIRECTORS
As on 01.08.2012
|
Name : |
Mr. Nadir Burjorji Godrej |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
40-D, B. G. Kher Marg, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1951 |
|
Qualification : |
B.S.Chem.Engg. (MIT, USA), M.S.Chem.Engg. (Stanford, USA), MBA |
|
Date of Appointment : |
25.11.1991 |
|
Voter ID No.: |
MT/04/024/099721 |
|
DIN No.: |
00066195 |
|
|
|
|
Name : |
Adi Barjorji Godrej |
|
Designation : |
Director |
|
Address : |
Aashraye Godrej House, 67-H, Walkeshwar Road, Mumbai-400006,
Maharashtra, India |
|
Date of Birth/Age : |
03.04.1942 |
|
Qualification : |
B.S., M. S., Engg and Industrial Management, (MIT, USA) |
|
Date of Appointment : |
25.11.1991 |
|
Voter ID No.: |
MT/04/024/273279 |
|
DIN No.: |
00065964 |
|
|
|
|
Name : |
Mr. Jamshyd Naoroji Godrej |
|
Designation : |
Director |
|
Address : |
40-D, B. G. Kher Marg, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
24.01.1949 |
|
Qualification : |
B.S., M. S., (Illinois Institute of Technology, USA) |
|
Date of Appointment : |
24.08.1992 |
|
Voter ID No.: |
MT/04/024/099982 |
|
DIN No.: |
00076250 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Vijay Mohan Crishna |
|
Designation : |
Director |
|
Address : |
A – 261 Grand Paradi Apartments, Dadyseth Hill, Off Augustkranti Marg,
Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
08.03.1945 |
|
Qualification : |
B.A. Economics (St. Stephens College University of Delhi) |
|
Date of Appointment : |
24.08.1992 |
|
Voter ID No.: |
MT/04/024/009615 |
|
DIN No.: |
00066267 |
|
|
|
|
Name : |
Mr. Kavas Noshirwan Petigara |
|
Designation : |
Director |
|
Address : |
801 Citadel, 18-B, Ruparel Marg, Malabar Hill, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
10.07.1948 |
|
Qualification : |
S.B., S.M, Chem. Engg, (MIT USA) |
|
Date of Appointment : |
24.08.1992 |
|
Voter ID No.: |
MT/04/024/108029 |
|
DIN No.: |
00066162 |
|
|
|
|
Name : |
Mrs. Tanya Arvind Dubash |
|
Designation : |
Director |
|
Address : |
Hasman Bunglow, 89B, Bhulabhai Desai Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
14.09.1968 |
|
Qualification : |
A.B. (Economics) |
|
Date of Appointment : |
10.04.2003 |
|
DIN No.: |
00026028 |
|
|
|
|
Name : |
Mr. Sudheer Laxman Anaokar |
|
Designation : |
Director |
|
Address : |
A – 204 Centre Point, Panchpakhadi, Opposite thane Municipal Corporation,
Thane – 400602, Maharashtra, India |
|
Date of Birth/Age : |
04.01.1943 |
|
Qualification : |
M.V.Sc, Ph. D |
|
Date of Appointment : |
29.06.1998 |
|
Voter ID No.: |
MT/10/053/031225 |
|
DIN No.: |
00236819 |
|
|
|
|
Name : |
Mr. Amit Biren Choudhury |
|
Designation : |
Director |
|
Address : |
Golden Oak, CHS Flat 304, Wing C, Hiranadani Gardens, Powai,
Mumbai-400076, Maharashtra, India |
|
Date of Birth/Age : |
26.12.1942 |
|
Qualification : |
M.A. , M.M.S |
|
Date of Appointment : |
08.12.2004 |
|
Voter ID No.: |
MT/07/049/1291586 |
|
DIN No.: |
000557547 |
|
|
|
|
Name : |
Ms. Nisaba Adi Godrej |
|
Designation : |
Director |
|
Address : |
Aashraye Godrej House, 67 H Walkeshwar Road, Mumbai – 400006, Maharashtra,
India |
|
Date of Birth/Age : |
12.02.1978 |
|
Qualification : |
MBA (Harvard Business School), BSSc Economics (Wharton) |
|
Date of Appointment : |
24.07.2006 |
|
DIN No.: |
00591503 |
|
|
|
|
Name : |
Mr. Balram Singh Yadav |
|
Designation : |
Managing Director |
|
Address : |
Bunglow No. G9/ 1, Godrej Hillside Colony, LBS Marg, Vikhroli (West),
Mumbai – 400 079, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1964 |
|
Qualification : |
B.Sc. (Hons.) Agri. Sci., PGDM(A) (IIM - A) |
|
Date of Appointment : |
20.05.2009 |
|
DIN No.: |
00294803 |
KEY EXECUTIVES
|
Name : |
Mr. Atul Gopalkrishna Juvle |
|
Designation : |
Secretary |
|
Address : |
B14, Amita CHS Limited, Gujarat Society Road, Vile Parle (East), Mumbai-400057,
Maharashtra, India |
|
Date of Birth/Age : |
24.09.1963 |
|
Date of Appointment : |
09.11.2011 |
|
PAN No.: |
AAJPJ5117A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 01.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Adi Barjorji Godrej |
|
396 |
|
Nadir Barjorji Godrej |
|
586080 |
|
Godrej Industries Limited, India |
|
9112951 |
|
Rishad K Naoroji |
|
586080 |
|
Pirojsha Adi Godrej |
|
195360 |
|
Navroze J Godrej |
|
293040 |
|
Raika J Godrej |
|
293040 |
|
Nyrika Vijay Crishna |
|
293040 |
|
Freyan Vijay Crishna |
|
293040 |
|
Swadeshi Detergents Limited, India |
|
60550 |
|
Godrej Industries Limited Joint With Subramanian Varadaraj |
|
1 |
|
Godrej Industries Limited Joint With Prafulla Janardan Bhat |
|
1 |
|
Godrej Industries Limited Joint With Balram Singh Yadav, India |
|
1 |
|
Godrej Industries Limited Joint With Pitambar Narayan Narkhede, India |
|
1 |
|
Tanya Arvind Dubash |
|
195360 |
|
Nishaba Godraj |
|
195360 |
|
Godrej Industries Limited Joint With Govindan Ramakrishna
Rishinaradamangalam, India |
|
1 |
|
Ensemble Holdings and Finance Limited, India |
|
14450 |
|
Total |
|
12118752 |
Allottees as on 05.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Godrej Agrovet Limited Employees Stock Option Trust, India |
|
586764 |
|
Total |
|
586764 |
Allottees as on 24.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
V Sciences Investments Pte. Limited, Singapore |
|
518118 |
|
Total |
|
518118 |
Equity Share Break up (Percentage of Total Equity)
As on 01.08.2012
|
Category |
Percentage |
|
Bodies corporate |
75.82 |
|
Directors or relatives of Directors |
19.34 |
|
Other top fifty shareholders |
4.84 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Sale of Animal Feeds. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
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|
|||||||||||||||
|
Bankers : |
|
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|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address : |
Kalpataru Heritage, 127, |
|
PAN.: |
AAAFK7554R |
|
|
|
|
Subsidiaries : (As on 31.03.2011) |
The Company continues to be the holding Company of :
CIN No.: U15339MH2003PLC140599
CIN No.: U15142MH1996PLC224176
CIN No.: U15122MH2006PLC163857 During the year, the company acquired 10% stake in Godrej Oil Palm
Limited, 51% stake in Godrej IJM Palm Oil Limited (GIPOL), making it a 100%
subsidiary of your company and 51% in
U15142MH2006PLC165582
|
|
|
|
|
Fellow Subsidiaries : (As on 31.03.2011) |
CIN No.: L24246MH2000PLC129806
CIN No.: U32100MH1997PLC106135
CIN No.: U15310MH2008PLC182816
CIN No.: L74120MH1985PLC03530
CIN No.: U24240MH1997PLC105714
CIN No.: U29294MH1993PTC072222 |
|
|
|
|
Joint Ventures :
(As on 31.03.2011) |
CIN No.: U15122MH2008PLC177741
CIN No.: U45201MH2006PLC164656
|
|
|
|
|
Associates : (As on 31.03.2011) |
CIN No.: U15201AP1986PLC006912
CIN No.: U24231PN2002PTC016825
|
|
|
|
|
Holding Company: (As on 31.03.2011) |
CIN No.: L24241MH1988PLC097781 holds 75.19% (Previous year 75.19%) in the Company. GIL is the subsidiary
of Godrej and Boyce Manufacturing Company Limited, the ultimate Holding
Company. |
|
|
|
|
Ultimate Holding Company: |
Godrej and Boyce Manufacturing Company Limited), India CIN No.: U28993MH1932PLC001828 |
|
|
|
|
Other Related Parties: |
Bahar Agrochem and Feeds Limited), India CIN No.: U99999MH1986PLC040174 |
CAPITAL STRUCTURE
As on 01.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50150000 |
Equity Shares |
Rs.10/- each |
Rs.501.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12118752 |
Equity Shares |
Rs.10/- each |
Rs.121.188
Millions |
|
|
|
|
|
After 01.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65150000 |
Equity Shares |
Rs.10/- each |
Rs. 651.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13223634 |
Equity Shares |
Rs.10/- each |
Rs.132.236 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 |
121.188 |
121.188 |
121.188 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2462.041 |
2751.104 |
2562.392 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2583.229 |
2872.292 |
2683.580 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
251.053 |
580.675 |
290.294 |
|
|
2] Unsecured Loans |
1358.497 |
400.263 |
2036.165 |
|
|
TOTAL BORROWING |
1609.550 |
980.938 |
2326.459 |
|
|
DEFERRED TAX LIABILITIES |
62.082 |
102.004 |
124.050 |
|
|
|
|
|
|
|
|
TOTAL |
4254.861 |
3955.234 |
5134.089 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
993.579 |
754.307 |
671.443 |
|
|
Capital work-in-progress |
157.430 |
76.054 |
41.523 |
|
|
|
|
|
|
|
|
INVESTMENT |
2152.335 |
1949.717 |
1663.714 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1456.280
|
1334.991
|
1198.601
|
|
|
Sundry Debtors |
1188.322
|
935.349
|
868.572
|
|
|
Cash & Bank Balances |
297.816
|
92.384
|
311.922
|
|
|
Other Current Assets |
0.053
|
0.055
|
0.060
|
|
|
Loans & Advances |
1579.577
|
1490.590
|
1890.640
|
|
Total
Current Assets |
4522.048
|
3853.369 |
4269.795 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1183.368
|
897.243
|
1062.442
|
|
|
Other Current Liabilities |
2181.273
|
1722.133
|
409.174
|
|
|
Provisions |
205.890
|
58.837
|
40.770
|
|
Total
Current Liabilities |
3570.531
|
2678.213 |
1512.386 |
|
|
Net Current Assets |
951.517
|
1175.156
|
2757.409
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4254.861 |
3955.234 |
5134.089 |
|
Note: Profit and Loss for the year 2012 is only
available Balance Sheet is not available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
15983.569 |
13916.059 |
12935.470 |
|
|
|
Other Income |
177.693 |
214.578 |
271.418 |
|
|
|
TOTAL (A) |
16161.262 |
14130.637 |
13206.888 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes inventories |
12831.327 |
11418.404 |
10512.600 |
|
|
|
Manufacturing other operating Expenses |
2815.280 |
2248.445 |
2093.989 |
|
|
|
TOTAL (B) |
15646.607 |
13666.849 |
12606.589 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
514.655 |
463.788 |
600.299 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
128.283 |
151.082 |
259.668 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
386.372 |
312.706 |
340.631 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
83.790 |
63.384 |
72.185 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
302.582 |
249.322 |
268.446 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.578 |
33.255 |
135.281 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
298.004 |
217.067 |
133.165 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1320.514 |
1153.509 |
598.782 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
29.795 |
21.707 |
14.828 |
|
|
|
Dividend |
145.425 |
24.236 |
12.118 |
|
|
|
Tax on Dividend |
24.153 |
4.120 |
2.060 |
|
|
BALANCE CARRIED
TO THE B/S |
1419.144 |
1320.514 |
1153.509 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
11.600 |
7.320 |
15.173 |
|
|
TOTAL EARNINGS |
11.600 |
7.320 |
15.173 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
295.178 |
326.518 |
|
|
|
Stores & Spares |
NA |
18.832 |
4.804 |
|
|
|
Capital Goods |
NA |
0.000 |
0.940 |
|
|
TOTAL IMPORTS |
NA |
314.01 |
332.262 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.59 |
17.91 |
10.99 |
|
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
21965.846 |
|
|
|
Other Income |
|
|
220.235 |
|
|
|
TOTAL (A) |
|
|
22186.081 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
|
16684.580 |
|
|
|
Purchases of stock-in-trade |
|
|
666.727 |
|
|
|
Employee benefit expense |
|
|
967.748 |
|
|
|
Other expenses |
|
|
2652.586 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
|
|
(178.173) |
|
|
|
TOTAL (B) |
|
|
20793.468 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
1392.613 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
198.289 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
1194.324 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
134.359 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
1059.965 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
251.880 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
808.085 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
66.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.64
|
1.84
|
1.54 |
1.01 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.83
|
1.89
|
1.79 |
2.08 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
5.49
|
5.41 |
5.43 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.12
|
0.08 |
10.00 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
NA
|
2.01
|
1.27 |
1.43 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
1.27
|
1.44 |
2.82 |
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 |
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
four 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 |
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 |
UNSECURED LOAN
|
Unsecured Loan |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
Rupee term loans Banks unsecured |
(A)1350.000 |
400.000 |
|
Working capital loans banks unsecured |
8.497 |
0.000 |
|
Interest accrued due unsecured loans |
0.000 |
0.263 |
|
Total |
1358.497 |
400.263 |
|
(A) Amount due within a year Rs.1350.000 Millions |
||
FIXED ASSETS
PRESS RELEASE
Godrej Agrovet to sell 20% to Temasek
MUMBAI: Temasek, an investment company based in Singapore ,
is acquiring a 19.99% stake in Godrej Agrovet, a subsidiary of Godrej
Industries, for a consideration of Rs 572 crore. The investment will be a
combination of primary and secondary investment. The primary investment
intended to support Godrej Agrovet's future expansion plans. Godrej Industries
holds around 75% in Godrej Agrovet, while the rest is held by the promoter
family.
This is the second time Temasek , a leading investor globally , is investing in a Godrej
Group company. Prior to this, Godrej Consumer Products (GCPL) became the
first FMCG
company to attract private equity interest. In January this year, Baytree
Investments ( Mauritius),
an indirect wholly owned subsidiary of Temasek, announced an investment of $136
million in GCPL.
"We welcome Temasek as a partner. We believe that their global
credentials, knowledge of agribusiness and excellent track record will be
beneficial to Godrej Agrovet. Godrej Agrovet has been a tremendous source of
value creation for Godrej Industries and continues to be on a strong revenue
and profit trajectory, while delivering excellent returns on capital employed.
Indian agriculture is at an inflexion point and with Godrej Agrovet's focus on
R&D and operational excellence , we believe that the future looks very bright
for the business," said Nadir Godrej, chairman, Godrej Agrovet.
Godrej
Agrovet enters Hybrid Seeds business in India
Godrej
Seeds and Genetics Limited (GSGL), formed to enter Hybrid Seeds business
Mumbai, July 27, 2011: Godrej Agrovet Limited(GAVL) announced today the
formation of a new subsidiary, Godrej Seeds and Genetics Limited (GSGL), which
will serve as its vehicle for entering the hybrid seed business in India.
Godrej Seeds and Genetics Limited will focus its efforts on three major
field crops: Maize, Paddy, and Bajra. It will be based at Hyderabad and would
include all existing hybrid seed sales and breeding activities that were
previously directly managed by Godrej Agrovet.
Dharmender Kumar, an experienced leader from the Indian seed industry will
serve as CEO of this new business.
Dharmender was previously the CEO of Victory Marvel Seeds and has
earlierworked for Dhaanya Seeds, Monsanto, and Pioneer.
Balram Singh Yadav, Managing Director, Godrej Agrovet, expressed
excitement about this new venture. Speaking on the occasion he said, “We
believe the future of the Indian seed industry is still being written. Despite
the presence of multinational players, there remains tremendous scope for
introducing superior germplasm to Indian farmers. For a few years now, we have
been working quietly in this space and we are ramping up our efforts for a
major commercial debut.”
About Godrej Agrovet Limited
Godrej Agrovet Limited (GAVL), a subsidiary of Godrej Industries, is a
diversified agribusiness company dedicated to improving the productivity of
Indian farmers by innovating products and services that sustainably increase
crop and livestock yields. With FY2010-11 sales of Rs 18970.000 millions, GAVL
has interests in animal feed, oil palm, agri inputs, hybrid seeds, and poultry.
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.53.51 |
|
|
1 |
Rs.84.85 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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.