MIRA INFORM REPORT
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Report Date : |
01.12.2014 |
IDENTIFICATION DETAILS
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Name : |
GODFREY PHILLIPS INDIA LIMITED |
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Registered
Office : |
‘Macropolo Building’ Ground Floor, Next To Kala Chowky P. O. , Dr.
Babasahesb Ambedkar Road, Lalbagh, Mumbai-400033, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.12.1936 |
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Com. Reg. No.: |
11-008587 |
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Capital
Investment / Paid-up Capital : |
Rs.103.988 Millions |
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CIN No.: [Company Identification
No.] |
L16004MH1936PLC008587 |
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IEC No.: |
0588034495 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08521C |
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PAN No.: [Permanent Account No.] |
AABCG4768K |
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Legal Form : |
A Public Limited Liability company. The company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is
engaged in manufacturing of cigarettes and chewing products and in trading of
tobacco products, tea and other retail products. |
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No. of Employees
: |
Information decline by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Aa (74) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an associate of Philip Morvis Global Brands Inc. and K K
Modi Group. It is the second largest player in the Indian Cigarette Industry.
It is an old, well established and reputed company having excellent
track. The financial and liquidity position seems to be strong, marked by
healthy capital structure and cash surplus. The rating also take into consideration the strong brand image, established
distribution network and presence in various tobacco related product lines. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. In view of long standing experience of the promoters and a comfortable
market position, the subject can be considered good for 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging that
It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply
with the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
Long term rating: “AA +” |
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Rating Explanation |
High degree of safety and low credit risk. |
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Date |
09.10.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating: “A1 +” |
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Rating Explanation |
Very strong degree of safety and lowest credit
risk. |
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Date |
09.10.2014 |
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
31-03-2014.
INFORMATION DENIED
Management Non Co-operative (91-11-26832155)
LOCATIONS
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Registered Office : |
“Macropolo Building’ Ground Floor, Next To Kala Chowky P. O. , Dr.
Babasahesb Ambedkar Road, Lalbagh, Mumbai-400033, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head / Corporate Office : |
49, Community Centre, New Friends Colony, New Delhi – 110065, India |
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Tel. No.: |
91-11-26832155/26836468 |
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Fax No.: |
91-11-26840775/26835803 |
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E-Mail : |
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Branch Office : |
Located at: ·
Ahmedabad ·
Baramati ·
Chandigarh ·
Chennai ·
Dubai ·
Ghaziabad ·
Hyderabad ·
Kolkata ·
Mumbai ·
New Delhi ·
Rabale ·
Singapore |
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Leaf Division : |
Guntur, Andhra Pradesh, India |
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Factory 1 : |
Ghaziabad
Factory International Tobacco Company Post Box No 97, Guldhar, Ghaziabad – 201301 , India |
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Tel. No.: |
91-120-2788235 |
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Fax No.: |
91-120-2788247 |
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Factory 2 : |
Andheri Plant V. K. K. Menon Road, (Sahar Road), Chakala, Andheri (East), Mumbai –
400099, Maharashtra, India |
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Factory 3 : |
Guldhar Plant International Tobacco Company Limited Delhi-Meerut Road, Guldhar, Ghaziabad – 201001, India |
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Factory 4 : |
Baramati Plant
(Chewing Products) Plot No. A-1/1, MIDC Industrial Area, Baramati – 413133, Maharashtra,
India |
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Factory 5 : |
Rabale Plant Plot No. 19, MIDC, TTC Industrial Area, Rabale, Navi, Mumbai – 400701,
Maharashtra, India |
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Factory 6 : |
Bazpur (Tea
Blending and Packaging) Plot No. C-9, Bazpur - 1, Upsidc Industrial Area, Distt-Udham Singh
Nagar, (Uttranchal) – 262123, India |
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Factory 6 : |
Ghaziabad B-19, Meerut Road, Site No. 3, Ghaziabad,
India |
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Factory 8 : |
Faridabad Industrial Plant No.120, Sector-59,
Industrial Estate, Tehsil Ballabgarh, Faridabad, Haryana – 121004, India |
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Factory 9 : |
Bazpur Plot No. C-9, Bazpur - 1, Upsidc Industrial
Area, District Udham Singh Nagar, (Uttrakhand) – 262123, India |
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Factory 10 : |
Kolkata (Tea
Blending and Packaging-operated by a contractor) Landys + GYR Compound, Diamond Harbour Road, Joka, Kolkata – 700104,
West Bengal, India |
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Factory 11 : |
Ongole
(Reconstituted Tobacco) Plot No. 289 to 300, Apiic Growth Centre, Gundlapally, Ongole,
Prakasam District, Andhra Pradesh – 523001, India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. R. A. Shah |
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Designation : |
Chairman |
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Address : |
Panorama , 2nd Floor, 202, walkeshwar Road, Mumbai- 400006,
Maharashtra, India |
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Date of Birth/Age : |
07.07.1931 |
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Date of Appointment : |
07.06.1969 |
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DIN No. : |
00009851 |
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Name : |
Mr. K. K. Modi |
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Designation : |
Managing Directors |
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Address : |
A-1, Maharani Bagh, New Delhi-110065, Delhi, India |
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Qualification : |
B.Sc., Advanced Management Programme from Harvard Business School,
Boston |
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Date of Birth/Age : |
27.08.1940 |
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Date of Appointment : |
14.08.2012 |
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DIN No. : |
00029407 |
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Name : |
Mr. R. Ramamurthy |
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Designation : |
Whole-time Director |
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Address : |
D-84, 1st Floor, Gulmohar Park, New Delhi-110049, Delhi,
India |
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Qualification : |
B.A., B.L. from Madras University |
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Experience : |
34 years |
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Date of Birth/Age : |
02.07.1944 |
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Date of Appointment : |
14.08.2012 |
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DIN No. : |
00030463 |
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Name : |
Mr. Samir Kumar Modi |
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Designation : |
Whole-time Director |
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Address : |
A-1, Maharani Bagh, New Delhi-110065, Delhi, India |
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Date of Birth/Age : |
15.12.1969 |
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Date of Appointment : |
01.09.2013 |
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DIN No. : |
00029554 |
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Name : |
Ms. Bina Modi |
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Designation : |
Additional Director |
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Address : |
A-1, Maharani Bagh, New Delhi-110065, Delhi, India |
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Date of Birth/Age : |
10.09.1944 |
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Date of Appointment : |
23.09.2014 |
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DIN No. : |
00048606 |
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Name : |
Mr. Lalit Kumar Modi |
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Designation : |
Executive Director |
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Address : |
A-1, Maharani Bagh, New Delhi-110065, Delhi, India |
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Date of Birth/Age : |
29.11.1963 |
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Date of Appointment : |
01.08.2010 |
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DIN No. : |
00029520 |
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Name : |
Mr. Lalit Bhasin |
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Designation : |
Executive Director |
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Address : |
10, Hailey Road, 10th Floor, Dakshineshwar Building, New
Delhi-110001, Delhi, India |
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Qualification : |
B.A. (Hons.), LL.B., FCIArb |
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Date of Birth/Age : |
19.01.1939 |
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Date of Appointment : |
31.03.1986 |
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DIN No. : |
00001607 |
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Name : |
Mr. Anup N. Kothari |
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Designation : |
Executive Director |
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Address : |
D- 1056, New Friends Colony, New Delhi-110065, Delhi, India |
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Qualification : |
B.Arch., F.I.I.A |
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Date of Birth/Age : |
03.09.1939 |
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Date of Appointment : |
15.03.1989 |
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DIN No. : |
00294737 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Gupta |
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Designation : |
Company Secretary |
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Address : |
63, Saakshara Apartments, A-3, Paschim Vihar, New Delhi-110063, Delhi,
India |
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Date of Birth/Age : |
12.09.1964 |
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Date of Appointment : |
01.11.2008 |
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PAN No. : |
AAAPG1042Q |
SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
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|
|
|
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|
4588 |
0.04 |
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|
4412978 |
42.44 |
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|
360276 |
3.46 |
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|
360276 |
3.46 |
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|
4777842 |
45.95 |
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|
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|
2610095 |
25.10 |
|
|
2610095 |
25.10 |
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Total shareholding of Promoter and Promoter Group (A) |
7387937 |
71.05 |
|
(B) Public Shareholding |
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|
|
|
|
|
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|
303415 |
2.92 |
|
|
11654 |
0.11 |
|
|
6000 |
0.06 |
|
|
1059995 |
10.19 |
|
|
1381064 |
13.28 |
|
|
|
|
|
|
131638 |
1.27 |
|
|
|
|
|
|
1294951 |
12.45 |
|
|
164789 |
1.58 |
|
|
38405 |
0.37 |
|
|
7250 |
0.07 |
|
|
26456 |
0.25 |
|
|
4699 |
0.05 |
|
|
1629783 |
15.67 |
|
Total Public shareholding (B) |
3010847 |
28.95 |
|
Total (A)+(B) |
10398784 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
10398784 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Sr. No. |
Name
of the Shareholder |
No. of Shares held |
Total
shares (including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
1 |
K K Modi |
400 |
0 |
|
2 |
Lalit Kumar Modi |
400 |
0 |
|
3 |
Samir Kumar Modi |
400 |
0 |
|
4 |
Divya Modi |
2,300 |
0.02 |
|
5 |
Ritika N Rungta |
1,088 |
0.01 |
|
6 |
K K Modi Investment andFinancial Services Private Limited |
30,39,332 |
29.23 |
|
7 |
Good Investments India Limited |
7,96,044 |
7.66 |
|
8 |
Quick Investment India Limited |
3,93,360 |
3.78 |
|
9 |
Super Investment India Limited |
1,05,452 |
1.01 |
|
10 |
Spice Mobiles Limited |
17,300 |
0.17 |
|
11 |
Longwell Investments Private Limited |
16,000 |
0.15 |
|
12 |
Swasth Investment Private Limited |
16,000 |
0.15 |
|
13 |
Motto Investment Private Limited |
15,800 |
0.15 |
|
14 |
HMA Udyog Private Limited |
13,600 |
0.13 |
|
15 |
Upasana Investment Private Limited |
90 |
0 |
|
16 |
K K Modi andBina Modi (Trustees-Indofil Senior Executives
(Officers) Welfare Trust |
77,256 |
0.74 |
|
17 |
K K Modi andBina Modi (Trustees-Indofil Junior Employee
(Factory) Welfare Trust |
76,000 |
0.73 |
|
18 |
K K Modi andBina Modi (Trustees-Indofil Junior Employee
(Officer) Welfare Trust |
61,712 |
0.59 |
|
19 |
K K Modi andBina Modi (Trustees-Indofil Senior Executives
(Factory) Welfare Trust |
61,712 |
0.59 |
|
20 |
K K Modi andBina Modi (Trustees-Indofil Senior Executives
(Factory) Benefit Trust |
28,272 |
0.27 |
|
21 |
K K Modi andBina Modi (Trustees-Indofil Junior Employee
(Office) Benefit Trust |
21,644 |
0.21 |
|
22 |
K K Modi Trustee Indofil Jr. Employees (Factory) Benefit
Trust andBina Modi (Trustee) |
20,112 |
0.19 |
|
23 |
Kedarnath Modi (Trustee) Modi Spg andWvg Mills Co Limited
Head Office Employees Welfare Trust |
9,000 |
0.09 |
|
24 |
K K Modi andBina Modi (Trustees-Indofil Senior Executives
(Offices) Benefit Trust |
4,568 |
0.04 |
|
25 |
Philip Morris Global Brands Inc |
26,10,095 |
25.1 |
|
|
Total |
73,87,937 |
71.05 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the Shareholder |
No. of Shares held |
Shares as % of Total No. of Shares |
Total shares (including underlying
shares assuming full conversion of warrants and convertible securities) as a
% of diluted share capital |
|
|
1 |
National Westminster Bank Plc As Trustee Of The Jupiter
India Fund |
354101 |
3.41 |
3.41 |
|
|
2 |
Jupiter South Asia Investment Company Limited -South Asia
Access Fund |
169700 |
1.63 |
1.63 |
|
|
3 |
Mavi Investment Fund Ltd |
268555 |
2.58 |
2.58 |
|
|
4 |
IDFC Premier Equity Fund |
250000 |
2.4 |
2.4 |
|
|
5 |
Swiss Finance Corporation (Mauritius) Ltd |
175803 |
1.69 |
1.69 |
|
|
|
Total |
1218159 |
11.71 |
11.71 |
Shareholding of securities (including shares, warrants, convertible
securities) of persons (together with PAC) belonging to the category “Public”
and holding more than 5% of the total number of shares of the company
|
Sl.
No. |
Name(s)
of the shareholder(s) and the Persons Acting in Concert (PAC) with them |
No.
of Shares |
Shares
as % of Total No. of Shares |
Total
shares (including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
|
1 |
National Westminster Bank Plc As
Trustee Of The Jupiter India Fund |
354101 |
3.41 |
3.41 |
|
|
2 |
Jupiter South Asia Investment
Company Limited -South Asia Access Fund |
169700 |
1.63 |
1.63 |
|
|
3 |
National Westminster Bank Plc
As Trustee of The Jupiter Asian Fund |
30000 |
0.29 |
0.29 |
|
|
4 |
National Westminster Bank Plc
As Trustee Of The Jupiter Global Managed Fund |
16000 |
0.15 |
0.15 |
|
|
5 |
The Jupiter Global
Fund-Jupiter Asia Pacific |
11526 |
0.11 |
0.11 |
|
|
6 |
National Westminster Bank Plc As
Trustee of Jupiter Global Emerging Markets Fund |
10200 |
0.1 |
0.1 |
|
|
|
Total |
591527 |
5.69 |
5.69 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in manufacturing of cigarettes and chewing products and in trading of
tobacco products, tea and other retail products. |
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Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information decline by the management |
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Bankers : |
·
State Bank of India ·
Bank of Baroda ·
Bank of India ·
Citibank N. A., Connaught
Circus, New Delhi ·
State Bank of Hyderabad ·
State Bank of Travancore ·
The Hong Kong and Shanghai Banking
Corporation Limited, 1, Queen’s Road Central, Hong Kong Special Administrative
Region, Hong Kong-9999999 ·
The Hong Kong and Shanghai Banking
Corporation Limited, Fort, Mumbai-400001, Maharashtra, India ·
Union Bank of India |
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Facilities : |
SECURED LOANS
NOTES: Long Term
Borrowings Details of
security and terms of above loans These loans
carry interest ranging between 3.8% to 5.5% per annum and are repayable in half
yearly/yearly instalments ranging between 3 to 5 years. Further, these loans
are secured by way of exclusive charge over specific plant and machinery. Short Term
Borrowings * Secured
against hypothecation of stocks and book debts and second charge on all
movable fixed assets of the Company. |
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Banking
Relations : |
-- |
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Statutory Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Internal Auditors : |
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Name : |
Lodha and Company Chartered Accountants |
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Solicitors : |
Crawford Bayley and Company |
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Memberships : |
----- |
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Collaborators : |
----- |
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Subsidiary
companies : |
·
International Tobacco Company Limited ·
Chase Investments Limited |
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Subsidiaries
of the subsidiary companies : |
·
Kashyap Metal and Allied Industries
Limited ·
Unique Space Developers Limited ·
Rajputana Infrastructure Corporate
Limited (subsidiary of Kashyap Metal and Allied Industries Limited) ·
Gopal Krishna Infrastructure &
Real Estate Limited (subsidiary of Unique Space Developers Limited) |
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Associates
: |
·
Philip Morris Global Brands Inc., of
which the Company is an associate. ·
K K Modi Investment & Financial
Service Private Limited, of which the Company is an associate. ·
Success Principles India Limited, an
associate of the Company. ·
IPM India Wholesale Trading Private
Limited, an associate of the Company. ·
KKM Management Centre Private
Limited, an associate of the Company |
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Enterprises over which key management
personnel and their relatives are able to exercise significant influence : |
·
Modicare Limited ·
Beacon Travels Private Limited ·
Indofil Industries Limited ·
Assam Cigarette Company Private
Limited ·
R C Tobacco Private Limited ·
HMA Udyog Private Limited ·
Bina Fashion N Food Private Limited ·
Modicare Foundation ·
Priyal Hitay Nidhi ·
Colorbar Cosmetics Private Limited ·
Gujarmal Modi Science Foundation ·
Modi Healthcare Placement India
Private Limited ·
Modi Innovative Education Society ·
International Research Park
Laboratories Limited ·
Rajputana Fertilizers Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24400000 |
Equity Shares |
Rs. 10/- each |
Rs. 244.000 Millions |
|
60000 |
Preference shares |
Rs. 100/- each |
Rs. 6.000 Millions |
|
|
Total |
|
Rs. 250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10398784 |
Equity Shares |
Rs. 10/- each |
Rs.103.988 Millions |
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|
|
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|
1. There has been no movement in the equity shares in the current and previous year.
2. The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.
The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. The Board may from time to time pay to the members such interim dividends as appear to it to be justified by the profits of the Company.
3. Shares held by each shareholder holding more than 5% :
|
Name of Shareholder |
Number of Shares |
% holding |
|
Philip Morris Global Brands Inc. |
2610095 |
25.10% |
|
Indo Euro Investment Co. Private Limited* |
-- |
-- |
|
K K Modi Investment and Financial Services Private Limited |
3039332 |
29.23% |
|
Good Investment (India) Limited |
796044 |
7.66% |
|
Jupiter India Fund |
333672 |
3.21% |
|
*Since merged with KK Modi Investment and Financial Services Private
Limited |
||
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
103.988 |
103.988 |
103.988 |
|
(b) Reserves & Surplus |
11533.003 |
10313.239 |
9105.103 |
|
(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) |
11636.991 |
10417.227 |
9209.091 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
970.704 |
1661.274 |
2318.850 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
2.020 |
1.910 |
|
(c) Other long term
liabilities |
2.040 |
358.182 |
298.197 |
|
(d) long-term
provisions |
362.337 |
38.380 |
0.000 |
|
Total Non-current
Liabilities (3) |
1335.081 |
2059.856 |
2618.957 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
554.243 |
592.547 |
343.669 |
|
(b) Trade
payables |
1463.671 |
1574.725 |
1189.359 |
|
(c) Other current
liabilities |
3472.994 |
2610.326 |
2381.411 |
|
(d) Short-term
provisions |
616.485 |
629.902 |
626.845 |
|
Total Current
Liabilities (4) |
6107.393 |
5407.500 |
4541.284 |
|
|
|
|
|
|
TOTAL |
19079.465 |
17884.583 |
16369.332 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6585.324 |
6932.096 |
5247.701 |
|
(ii)
Intangible Assets |
69.279 |
59.075 |
23.185 |
|
(iii)
Capital work-in-progress |
450.094 |
152.715 |
1374.090 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2815.408 |
1615.008 |
1605.479 |
|
(c) Deferred tax
assets (net) |
97.262 |
0.000 |
75.223 |
|
(d) Long-term Loan and Advances |
449.125 |
419.899 |
422.716 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
10466.492 |
9178.793 |
8748.394 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
737.500 |
1570.287 |
1977.833 |
|
(b)
Inventories |
5845.105 |
5383.545 |
3771.573 |
|
(c) Trade
receivables |
1035.335 |
792.967 |
749.495 |
|
(d) Cash
and cash equivalents |
232.107 |
221.073 |
218.608 |
|
(e)
Short-term loans and advances |
556.111 |
584.982 |
769.562 |
|
(f) Other
current assets |
206.815 |
152.936 |
133.867 |
|
Total
Current Assets |
8612.973 |
8705.790 |
7620.938 |
|
|
|
|
|
|
TOTAL |
19079.465 |
17884.583 |
16369.332 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
24821.248 |
20964.772 |
19118.028 |
|
|
|
Other Income |
242.915 |
306.054 |
303.338 |
|
|
|
TOTAL (A) |
25064.163 |
21270.826 |
19421.366 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
5309.671 |
4755.467 |
4960.529 |
|
|
|
Purchases of traded goods |
4470.530 |
4234.274 |
2612.659 |
|
|
|
Changes in inventories of finished goods, work-in-process and traded
goods |
177.882 |
(939.363) |
95.458 |
|
|
|
Employee benefits expenses |
2166.478 |
2008.143 |
1625.367 |
|
|
|
Other expenses |
8886.592 |
7694.097 |
6612.177 |
|
|
|
Exceptional Items |
353.829 |
|
|
|
|
|
TOTAL (B) |
21364.982 |
17752.618 |
15906.190 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3699.181 |
3518.208 |
3515.176 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
286.883 |
269.173 |
316.514 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3412.298 |
3249.035 |
3198.662 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
865.543 |
880.003 |
626.313 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2546.755 |
2369.032 |
2572.349 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
840.349 |
674.254 |
758.722 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1706.406 |
1694.778 |
1813.627 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7917.167 |
6909.031 |
5798.833 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
200.000 |
200.000 |
220.000 |
|
|
|
Proposed Dividend |
415.951 |
415.951 |
415.951 |
|
|
|
Corporate Dividend tax |
70.691 |
70.691 |
67.478 |
|
|
BALANCE CARRIED
TO THE B/S |
8936.931 |
7917.167 |
6909.031 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export of goods on F.O.B. basis |
4816.981 |
3525.383 |
3118.633 |
|
|
|
Others including freight, etc. |
97.678 |
80.471 |
69.618 |
|
|
TOTAL EARNINGS |
4914.659 |
3605.854 |
3188.251 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
893.580 |
430.479 |
455.186 |
|
|
|
Components and spare parts |
45.110 |
23.419 |
33.438 |
|
|
|
Capital Goods |
217.193 |
295.717 |
1861.868 |
|
|
|
Purchases for resale - cigars, etc. |
10.777 |
19.191 |
7.544 |
|
|
TOTAL IMPORTS |
1166.660 |
768.806 |
2358.036 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
164.10 |
162.98 |
174.41 |
|
QUARTERLY RESULTS
(Rs.
In Millions)
|
Particulars |
|
|
30.06.2014 (Unaudited) |
|
|
|
|
1st
Quarter |
|
Net Sales |
|
|
6988.400 |
|
Total Expenditure |
|
|
5551.400 |
|
PBIDT (Excluding Other
Income) |
|
|
1437.000 |
|
Other Income |
|
|
64.400 |
|
Operating Profit |
|
|
1501.400 |
|
Interest |
|
|
26.900 |
|
Exceptional Items |
|
|
0.000 |
|
PBDT |
|
|
1474.500 |
|
Depreciation |
|
|
280.800 |
|
Profit Before Tax |
|
|
1193.700 |
|
Tax |
|
|
391.800 |
|
Profit After Tax |
|
|
801.900 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PBT/Sales) |
(%) |
10.26 |
11.30 |
13.46 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
|
14.76 |
16.54 |
18.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.20 |
14.70 |
19.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.23 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13 |
0.22 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|