MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

BHOLE BABA MILK FOOD INDUSTRIES LIMITED

 

 

Formerly Known As :

BHOLE BABA MILK FOOD INDUSTRIES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

PAN No.:

[Permanent Account No.]

AACCB3948F

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Not Available

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Milk Food like Ghee, SMP, Butter, MM, WMP and DW.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

·         HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India

·         State Bank of Patiala, Commercial Branch, Chandralok Building, 36, Janpath, New Delhi - 110001, India

·         State Bank of Hyderabad, Commercial Branch, 74, Janpath , New Delhi – 11000,  India

 

 

Facilities :

SECURED LOANS

31.03.2012

(Rs. In Millions)

31.03.2011

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

366.881

410.603

 

 

 

Total

366.881

410.603

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2012

(Rs. In Millions)

31.03.2011

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Deposits from others

1.544

1.544

 

 

 

Total

1.544

1.544

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Renu and Company

Chartered Accountants

Address :

703, G-10/8, Sanjay Place, Agra, Uttar Pradesh, India

 

 

Others Related Party :

·         Bhole Baba Dairy Industries Limited

·         Bhole Baba Milk Food Industries (Dholpur) Private Limited

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :

·         Bhole Baba Dairy (India)

·         Shiva Dairy

·         Om Shiva Dairy

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 29.09.2012

 

Names of Shareholders

No. of Shares

Hari Shankar Agarwal

1970000

Krishna Murarilal Agarwal

670000

Nirmala Agarwal

354500

Meena Agarwal

1222000

Virendra Kumar Agarwal

332200

Krishna Murarilal Agarwal HUF

323000

Bhole Baba Overseas (Private) Limited, India

1843000

Jitendra Agarwal

492600

H S Agarwal and Sons HUF

768000

V K Agarwak and Sons HUF

220000

Sangeeta Agarwal

848000

Tarun Agarwal

609000

 

 

Total

9652300

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2012

31.03.2011

EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

96.523

96.523

(b) Reserves & Surplus

 

383.786

377.187

(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)

 

480.309

473.710

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

1.544

1.544

(b) Deferred tax liabilities (Net)

 

4.558

5.840

(c) Other long term liabilities

 

0.000

0.000

(d) long-term provisions

 

0.000

0.000

Total Non-current Liabilities (3)

 

6.102

7.384

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

366.881

410.603

(b) Trade payables

 

1.384

1.808

(c) Other current liabilities

 

0.000

0.000

(d) Short-term provisions

 

4.789

2.875

Total Current Liabilities (4)

 

373.054

415.286

 

 

 

 

TOTAL

 

859.465

896.380

 

 

 

 

ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

83.667

96.138

(ii) Intangible Assets

 

0.000

0.000

(iii) Capital work-in-progress

 

0.382

0.000

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

0.000

130.000

(c) Deferred tax assets (net)

 

0.000

0.000

(d)  Long-term Loan and Advances

 

11.914

11.313

(e) Other Non-current assets

 

0.000

0.000

Total Non-Current Assets

 

95.963

237.451

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

339.169

485.139

(c) Trade receivables

 

295.969

122.431

(d) Cash and cash equivalents

 

10.646

12.927

(e) Short-term loans and advances

 

117.718

38.432

(f) Other current assets

 

0.000

0.000

Total Current Assets

 

763.502

658.929

 

 

 

 

TOTAL

 

859.465

896.380

 

 

SOURCES OF FUNDS

 

 

 

31.03.2010

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

 

96.523

2] Share Application Money

 

 

0.000

3] Reserves & Surplus

 

 

372.685

4] (Accumulated Losses)

 

 

0.000

NETWORTH

 

 

469.208

LOAN FUNDS

 

 

 

1] Secured Loans

 

 

312.745

2] Unsecured Loans

 

 

51.544

TOTAL BORROWING

 

 

364.289

DEFERRED TAX LIABILITIES

 

 

7.414

 

 

 

 

TOTAL

 

 

840.911

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

110.664

Capital work-in-progress

 

 

0.000

 

 

 

 

INVESTMENT

 

 

130.000

DEFERREX TAX ASSETS

 

 

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 
 
372.532

 

Sundry Debtors
 
 
26.692

 

Cash & Bank Balances
 
 
4.869

 

Other Current Assets
 
 
0.000

 

Loans & Advances
 
 
203.515

Total Current Assets
 
 
607.608

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
 
 
1.268

 

Other Current Liabilities
 
 
2.626

 

Provisions
 
 
3.467

Total Current Liabilities
 
 
7.361

Net Current Assets
 
 
600.247

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

0.000

 

 

 

 

TOTAL

 

 

840.911

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2012

31.03.2011

31.03.2010

 

SALES

 

 

 

 

 

Income

1915.553

1410.234

1450.191

 

 

Other Income

1.903

0.562

2.789

 

 

TOTAL                                     (A)

1917.456

1410.796

1452.980

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of materials consumed

1549.758

1340.900

 

 

 

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

142.853

(119.999)

 

 

 

Employee benefit expense

22.264

21.731

 

 

 

Other expenses

146.992

114.493

 

 

 

TOTAL                                     (B)

1861.867

1357.125

1402.332

 

 

 

 

 

Less

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

55.589

53.671

50.648

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

32.277

31.454

24.784

 

 

 

 

 

 

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

23.312

22.217

25.864

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

12.995

15.189

16.697

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

10.317

7.028

9.167

 

 

 

 

 

Less

TAX                                                                  (H)

3.718

2.526

2.062

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

6.599

4.502

7.105

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

82.307

87.805

90.700

 

 

 

 

 

Less

APPROPRIATIONS

NA

10.000

10.000

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

NA

82.307

87.805

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.68

0.47

NA

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office/ Corporate Office :

602, Madhuban Building, Opposite Sona Sweets, 55, Nehru Place, New Delhi – 110019, India 

Tel. No.:

91-11-46587047

Fax No.:

Not Available

E-Mail :

corporate.services7@gmail.com

kushwah.mk@gmail.com

info@bholebabadairy.com

Website :

http://bholebabadairy.com

 

 

Head Office :

Near Heritage Hospital, Agra-Delhi by Pass Road, Agra – 282005, Uttar Pradesh, India

Tel. No.:

91-562-4016000

Fax No.:

91-562-4016002

 

 

Factory 1 :

Agra-Aligarh by Pass Road Kher Chauraha, Near Nada Pull, Khaireshwar Dham, Aligarh  - 201001, Uttar Pradesh, India

Tel. No.:

91-571-3252400

Fax No.:

91-571-2513882

 

 

Factory 2 :

109th K.M. Stone N.H. No.2 Dautana, Chaata Mathura, Uttar Pradesh, India

Tel. No.:

91-5662-2423629

Fax No.:

91-5662-2423629

 

 

 

 

NOTE:

 

The Registered Office of the company has been shifted from Bhole Baba House, 7/52 - Dnagla Jawahar Bye – Pass, Agra – 282002, Uttar Pradesh, India to the present address w.e.f. 18.11.2010

 

 

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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.