MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ALFA ICA (INDIA) LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

ahma03990A

 

 

PAN No.:

[Permanent Account No.]

aabca2800Q

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Laminate Sheets.

 

 

Products :

Product Description

 

ITC Code No.

Articles of Paper and Paperboard

48239019

 

 

PRODUCTION STATUS (AS ON 31.03.2011)

 

Particulars

Unit

Licensed Capacity

Installed Capacity

Actual Production

Unit- I Laminate Sheets

No.

NA

1500000

680000

Unit-II Laminate Sheets

No

NA

600000

265000

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         State Bank of India

Ahmedabad, Gujarat, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Cash Credit from Banks

9.418

0.000

Foreign Currency Demand Loan

0.000

34.525

Packing Credit from Banks

51.096

63.830

 

 

 

Total

 

60.514

98.355

 

SHORT TERM BORROWINGS

 

All secured loans are secured by hypothecation of all present and future goods, book debts and other movable assets and equitable mortgage of immovable properties and personal guarantee of promoter Directors.

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Others

0.000

4.650

 

 

 

Total

 

0.000

4.650

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

O P Bhandari and Company

Chartered Accountants 

Address :

30 Omkar House, Nera Swastik Char Rasta, C. G. Road, navrungpura, Ahmedabad – 380009, Gujarat, India

Income-tax PAN of auditor or auditor's firm :

AAAFO6762H

 

 

Associates :

·         Tikmani Corporation

·         Rajendra Enterprise

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.06.2014

 

Category of Shareholder

Total No. of Shares

As a %

(A) Shareholding of Promoter and Promoter Group

 

 

(1) Indian

 

 

Individuals / Hindu Undivided Family

999576

24.74

Any Others (Specify)

580522

14.37

Directors/Promoters & their Relatives & Friends

580522

14.37

Sub Total

1580098

39.11

(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

1580098

39.11

(B) Public Shareholding

 

 

(1) Institutions

 

 

Financial Institutions / Banks

2100

0.05

Sub Total

2100

0.05

(2) Non-Institutions

 

 

Bodies Corporate

409035

10.12

Individuals

 

 

Individual shareholders holding nominal share capital up to Rs. 0.100 Million

1065188

26.37

Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million

970976

24.03

Any Others (Specify)

12603

0.31

Hindu Undivided Families

12243

0.30

Non Resident Indians

360

0.01

Sub Total

2457802

60.84

Total Public shareholding (B)

2459902

60.89

Total (A)+(B)

4040000

100.00

(C) Shares held by Custodians and against which Depository Receipts have been issued

 

 

(1) Promoter and Promoter Group

0

0.00

(2) Public

0

0.00

Sub Total

0

0.00

Total (A)+(B)+(C)

4040000

100.00

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

40.400

46.400

46.400

(b) Reserves & Surplus

63.405

58.387

56.422

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

103.805

104.787

102.822

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

11.110

12.434

14.140

(c) Other long term liabilities

53.833

49.807

42.709

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

64.943

62.241

56.849

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

60.514

103.005

103.890

(b) Trade payables

57.655

37.563

38.590

(c) Other current liabilities

1.748

1.331

0.620

(d) Short-term provisions

4.960

3.006

2.161

Total Current Liabilities (4)

124.877

144.905

145.261

 

 

 

 

TOTAL

293.625

311.933

304.932

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

82.511

84.999

92.363

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

1.599

2.018

1.718

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

84.110

87.017

94.081

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

123.320

150.764

139.183

(c) Trade receivables

63.571

56.241

56.811

(d) Cash and cash equivalents

0.241

2.478

2.030

(e) Short-term loans and advances

22.383

15.433

12.827

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

209.515

224.916

210.851

 

 

 

 

TOTAL

293.625

311.933

304.932

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

570.177

449.235

419.324

 

 

Other Income

0.666

2.112

5.356

 

 

TOTAL                                     (A)

570.843

451.347

424.680

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of material consumed

413.456

338.868

324.265

 

 

Changes in inventories of finished goods, work-in-progress and stock-in-trade

9.162

(5.177)

(7.193)

 

 

Employee benefit expenses

6.036

3.647

3.404

 

 

Other Expenses

107.820

82.626

76.669

 

 

TOTAL                                     (B)

536.474

419.964

397.145

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

34.369

31.383

27.535

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

15.091

17.823

14.113

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

19.278

13.560

13.422

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

10.537

10.293

10.311

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

8.741

3.267

3.111

 

 

 

 

 

Less

TAX                                                                  (H)

3.724

1.301

1.024

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

5.017

1.966

2.087

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

477.653

270.799

323.482

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

136.905

60.990

133.957

 

 

Capital Goods

1.038

0.539

0.000

 

TOTAL IMPORTS

137.943

159.041

133.957

 

 

 

 

 

 

Earnings Per Share (Rs.)

1.24

0.49

0.52

 

 

QUARTERLY RESULTS

 

PARTICULARS

 

30.06.2013

30.09.2013

31.12.2013

31.03.2014

30.06.2014

Audited / Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Net Sales

159.000

161.200

144.000

114.200

149.700

Total Expenditure

151.400

152.300

136.500

108.800

141.100

PBIDT (Excl OI)

7.600

8.900

7.500

5.400

8.700

Other Income

0.000

0.000

0.000

2.200

0.000

Operating Profit

7.600

8.900

7.500

7.600

8.700

Interest

2.400

3.400

3.200

2.800

2.700

Exceptional Items

0.000

0.000

0.000

0.000

0.000

PBDT

5.300

5.600

4.300

4.800

5.900

Depreciation

2.500

2.600

2.600

3.300

2.800

Profit Before Tax

2.800

3.000

1.700

1.400

3.200

Tax

0.500

0.700

1.500

0.200

0.700

Provisions and contingencies

0.000

0.000

0.000

0.000

0.000

Profit After Tax

2.300

2.300

0.200

1.200

2.500

Extraordinary Items

0.000

0.000

0.000

0.000

0.000

Prior Period Expenses

0.000

0.000

0.000

0.000

0.000

Other Adjustments

0.000

0.000

0.000

0.000

0.000

Net Profit

2.300

2.300

0.200

1.200

2.500

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (41)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Not Available

 

 

RBI DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office/ Factory 1 :

1-4 Uma Industrial Estate, Village Vasana - Lawa Taluka Sanand, Ahmedabad – 380006, Gujarat, India

Tel. No.:

91-79-23774206/ 23774134/ 23774135 

Fax No.:

91-79-23774134 

E-Mail :

info@alfaico.com

Websites :

www.alfaica.com

Location :

Owned

 

 

Corporate Office :

Alfa Pallazzo, Near Shivranjani Cross Roads, Satellite Road, Ahmedabad – 380015, Gujarat, India

Tel. No.:

91-79-26754030 / 26754031

Fax No.:

91-79-26754040 

E-Mail :

info@alfaica.com

alfaica@icenet.net   

rt@alfaica.com

 

 

Factory 2 :

204-205, Uma industrial Estate, Village Vasana-Lawa Taluka Sanand, Ahmedabad, Gujarat

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.