MIRA INFORM REPORT
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Report Date : |
12.12.2014 |
IDENTIFICATION DETAILS
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Name : |
RUCHI SOYA INDUSTRIES LIMITED |
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Registered
Office : |
Ruchi House, Royal Palm, Survey No. 169, Aarey Milk Colony,
Near Mayur Nagar, Goregaon (East), Mumbai – 400065, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.01.1986 |
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Com. Reg. No.: |
11-038536 |
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Capital Investment
/ Paid-up Capital : |
Rs.688.093 Millions |
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CIN No.: [Company
Identification No.] |
L15140MH1986PLC038536 |
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TAN No.: [Tax Deduction
& Collection Account No.] |
MUMR14074E BPLR03207B |
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PAN No.: [Permanent
Account No.] |
AAACR28921 |
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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
: |
Company engaged primarily in the business of processing of
oil-seeds and refining of crude oil for edible use. The Company also produces
oil meal, food products from soya and value added products from downstream
and upstream processing. The Company is also engaged in trading in various
products and generation of power from wind energy. |
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No. of Employees
: |
10000 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 66800000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems sharp dip in the profit of the company during 2014 however
net worth of the company is satisfactory. General financial position of the
company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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.
ECGC Country Risk Classification List – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long Term Bank Facilities = BBB+ |
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Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
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Date |
07.01.2014 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Bank Facilities = A2 |
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Rating Explanation |
Strong degree of safety and low credit risk.
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Date |
07.01.2014 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. S.K. Dhamni |
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Designation : |
Administration Manager |
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Contact No.: |
91-22-39388200 |
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Date : |
11.12.2014 |
LOCATIONS
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Registered Office : |
Ruchi House, Royal Palm, Survey No. 169, Aarey Milk
Colony, Near Mayur Nagar, Goregaon (East), Mumbai – 400065, |
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Tel. No.: |
91-22-66560600/ 22824851/ 39388200 |
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Mobile No.: |
91-9967584902 (Mr. Ramesh Gupta) |
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Fax No.: |
91-22-22837525/ 22042865 |
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E-Mail : |
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Website : |
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Head/
Administrative Office
: |
301 Mahakosh House, 7/5 South
Tukoganj, |
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Tel. No.: |
91-731-2513281/
282/ 283 |
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Fax No.: |
91-731-4065019/
2527250 |
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Branch Office: |
408, Tulsiani Chambers, Nariman Point, Mumbai – 400021, |
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Factory 1 : |
Survey No.217/1, Village Mityhirohar, Taluka Gandhidham,
Kutch, Gandhidham – 370201, |
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Tel No.: |
91-2836-645672/73 |
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Fax No.: |
91-2836-286509/286473 |
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Factory 2 : |
Mangliagaon,
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Factory 3 : |
Baikampady
Industrial Area, Mangalore, |
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Factory 4 : |
Village
Esambe, Taluka Khalapur, District Raigad, |
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Factory 5 : |
Bijoyramchak,
Ward No. 9, P.O. Durgachak, Haldia, West |
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Factory 6 : |
Village
Butibori, Tehsil Nagpur, |
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Factory 7 : |
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Factory 8 : |
Village
Kamati, Gadarwada, District Narsinghpur, |
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Factory 9 : |
Gram
Mithi Rohar, Taluka Gandhidham, District Bhuj, |
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Factory 10 : |
Kannigaiper
Village, Uthukottai Taluk, Thiruvallur District, Tamilnadu, India |
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Factory 11 : |
RIICO
Udyog Vihar, Sriganganagar, |
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Factory 12 : |
RIICO
Industrial Area, Govindpur Bawari, Post Talera District, Bundi, |
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Factory 13 : |
Kusmoda,
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Factory 14 : |
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Factory 15 : |
Rani
Piparia, District Hoshangabad, |
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Factory 16 : |
SIDCO
Industrial Estate, |
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Factory 17 : |
Village
Daloda, District Mandsaur, |
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Factory 18 : |
Survey
No. 178, |
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Factory 19 : |
Bapulapadu
Mandal, |
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Factory 20 : |
IDA,
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Factory 21 : |
Village Karanpura,
Durgawati, District Kaimur, Bihar, India |
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Factory 22 : |
Survey No. 162 and 163,
Bhuvad, Talluka- Anjar, District Kutch, Gujrat, India |
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DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Kailashchandra Shahra |
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Designation : |
Chiarman |
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Address : |
29, Old Palasia, A. B. Road, Indore – 452001, Madhya Pradesh, India |
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Date of Birth/Age : |
31.03.1938 |
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Date of Appointment : |
07.01.1986 |
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DIN No.: |
00062698 |
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Pan No.: |
ABJPS9987Q |
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Name : |
Mr. Dinesh Chandra Shahra |
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Designation : |
Managing Director |
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Address : |
Sharda Building, Flat No. 2A, Road, Churchgate, Mumbai – 400020,
Maharashtra, India |
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Date of Birth/Age : |
14.07.1952 |
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Qualification : |
B. E. (Chemical Engineer) |
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Date of Appointment : |
07.01.1986 |
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PAN No.: |
AACHD3089G |
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DIN No.: |
00533055 |
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Name : |
Mr. A. B. Rao |
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Designation : |
Director (Legal) (upto September 13, 2013) |
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Name : |
Mr. Vijay Kumar Jain |
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Designation : |
Whole-Time Director |
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Address : |
C-119, Ground Floor, Sun City Sector – 54, Gurgaon – 122002, Haryana,
India |
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Date of Birth/Age : |
03.10.1957 |
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Date of Appointment : |
27.07.2009 |
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PAN No.: |
AAIPJ2722L |
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DIN No.: |
00098298 |
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Name : |
Mr. Sanjeev Kumar Asthana |
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Designation : |
Director |
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Address : |
363, Espace, Nirvana Country, South City Ii, Gurgaon – 122018,
Haryana, India |
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Date of Birth/Age : |
19.10.1964 |
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Date of Appointment : |
28.08.2010 |
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Date of Cessation : |
11.08.2014 |
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DIN No.: |
00048958 |
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Name : |
Mr. Prabhu Dayal Dwivedi |
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Designation : |
Director |
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Address : |
34 / 513, Pratap Nagar, Sector No 3, Sanganer, Jaipur – 302203,
Rajasthan, India |
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Date of Birth/Age : |
30.01.1941 |
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Date of Appointment : |
26.09.2014 |
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DIN No.: |
02114285 |
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Name : |
Mr. Sajeve Deora |
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Designation : |
Director |
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Address : |
EC-13, Inderpuri, New Delhi – 110012, India |
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Date of Birth/Age : |
27.12.1959 |
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Date of Appointment : |
26.09.2014 |
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DIN No.: |
00003305 |
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Name : |
Mr. Murugan Navamani |
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Designation : |
Director |
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Address : |
No 2 CP, Ramasamy Road, Alwarpet Chennai – 600018, Tamilnadu, India |
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Date of Birth/Age : |
24.05.1946 |
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Date of Appointment : |
26.09.2014 |
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DIN No.: |
01309393 |
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Name : |
Mr. Navin Khandelwal |
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Designation : |
Director |
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Address : |
5/1, Saket, Nagar, Indore – 452018, Madhya Pradesh, India |
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Date of Birth/Age : |
22.04.1973 |
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Date of Appointment : |
26.09.2014 |
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DIN No.: |
00134217 |
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Name : |
Dinesh Chandra Shahra |
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Designation : |
Managing director |
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Address : |
Sharda Building, Flat No.2, A Roada, Churchgate, Mumbai – 400020,
Maharashtra, India |
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Date of Birth/Age : |
15.07.1952 |
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Date of Appointment : |
07.01.2011 |
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DIN No.: |
00533055 |
KEY EXECUTIVES
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Name : |
Mr. S.K. Dhamni |
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Designation : |
Administration Manager |
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Name : |
Mr. Ramji Lal Gupta |
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Designation : |
Company Secretary |
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Address : |
8, Regency Priya Darshani, Khajrana Circle, Indore – 452001, Madhya Pradesh, India |
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Date of Birth/Age : |
10.06.1962 |
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Date of Appointment : |
01.12.1993 |
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PAN No.: |
AENPG4648H |
SHAREHOLDING PATTERN
AS ON 30.06.2014
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
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(A)
Shareholding of Promoter and Promoter Group |
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103718504 |
31.05 |
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82978938 |
24.84 |
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186697442 |
55.89 |
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Total
shareholding of Promoter and Promoter Group (A) |
186697442 |
55.89 |
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(B)
Public Shareholding |
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|
33709 |
0.01 |
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302733 |
0.09 |
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55452055 |
16.60 |
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55788497 |
16.70 |
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60215941 |
18.03 |
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16574128 |
4.96 |
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14421295 |
4.32 |
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363119 |
0.11 |
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363119 |
0.11 |
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|
91574483 |
27.41 |
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Total
Public shareholding (B) |
147362980 |
44.11 |
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Total
(A)+(B) |
334060422 |
100.00 |
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(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
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|
0 |
0.00 |
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0 |
0.00 |
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0 |
0.00 |
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Total
(A)+(B)+(C) |
334060422 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Company engaged primarily in the business of processing of
oil-seeds and refining of crude oil for edible use. The Company also produces
oil meal, food products from soya and value added products from downstream
and upstream processing. The Company is also engaged in trading in various
products and generation of power from wind energy. |
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Products : |
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Brand Names : |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, Advance Payment, L/C and Credit |
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Purchasing : |
Cash, Advance Payment, L/C and Credit |
GENERAL INFORMATION
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Supplier : |
Not Divulged |
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Customer : |
Not Divulged |
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No. of Employees : |
10000 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P. D. Kunte and Company Chartered Accountants |
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Cost
Auditor : |
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Name : |
K. G. Goyal and Company Cost Auditors |
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Parties where
control exists : |
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Entities where Key
Management Personnel or relatives of Key Management Personnel have
significant influence : |
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CAPITAL STRUCTURE
AS ON 26.09.2014
Authorised Capital : Rs.2530.500
Millions
Issued, Subscribed & Paid-up Capital : Rs.688.121 Millions
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
1010250000 |
Equity Shares |
Rs.2/- each |
Rs.2020.500 Millions |
|
5100000 |
Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.510.000 Millions |
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Total |
|
Rs.2530.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
334046422 |
Equity Shares |
Rs.2/- each |
Rs.668.093
Millions |
|
200000 |
6% Non-Convertible Redeemable Preference Shares |
Rs.100/- each |
Rs.20.000 Millions |
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Total |
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Rs.688.093 Millions |
a)
Reconciliation of the number of shares
|
Particulars |
Number
of Shares |
Rs. in Millions |
|
Equity Shares |
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|
|
Balance as at the beginning of the year |
33922572 |
667.845 |
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Add: Shares issued under Employee Stock option during the year |
123850 |
0.248 |
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Balance as at
the end of the year |
34046422 |
668.093 |
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ii) Preference Shares |
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Balance as at the beginning of the year |
200000 |
20.000 |
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Add: Shares issued during the year |
-- |
-- |
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Balance as at
the end of the year |
200000 |
20.000 |
b)
Rights,
Preferences and Restrictions attached to shares
Equity Shares:
The Company has one class of equity shares having a par value of Rs.2 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
Lock in
Restrictions
Nil (Previous year 12500000) Equity shares are subject to lock in restrictions.
Preference Shares:
6% Non-Convertible Redeemable Cumulative Preference Shares of Rs.100/- each were issued pursuant to the Scheme of Amalgamation and Arrangement between Sunshine Oleochem Limited, Ruchi Soya Industries Limited and their respective shareholders sanctioned by the Hon’ble High Court of judicature of Mumbai in an earlier year on the same terms and conditions as originally issued by Sunshine Oleochem Limited.
These preference shares are redeemable as follows:
a) First installment of Rs.33/- per preference share on completion of 144 months from March 31, 2009.
b) Second installment of Rs.33/- per preference share on completion of 156 months from March 31, 2009.
c) Third installment of Rs.34/- per preference share on completion of 168 months from March 31, 2009.
c)
Details
of shares held by shareholders holding more than 5% shares in the Company.
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
|
|
|
|
Equity Shares |
|
|
|
Mr. Dinesh Shahra [in the capacity of Trustee of Disha Foundation (Formerly known as Shiva Foundation)] |
47440350 |
14.20% |
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Dinesh Shahra (HUF) |
17205836 |
5.15% |
|
Soyumm Marketing Private Limited |
29145577 |
8.73% |
|
Spectra Realties Private Limited |
18100000 |
5.42% |
|
Sawit Plantations Pte Limited |
19612913 |
5.87% |
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|
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Preference Shares |
|
|
|
Ruchi Infrastructure Limited |
200000 |
100.00% |
d) The issued, subscribed and paid-up share capital includes 56638462 Equity Shares and 200000 Preference Shares issued during the last five years pursuant to Schemes of Amalgamation, Arrangement and Mergers.
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 |
688.093 |
687.845 |
686.717 |
|
(b) Reserves & Surplus |
22,696.430 |
22,974.421 |
21,330.071 |
|
(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) |
23,384.523 |
23,662.266 |
22,016.788 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10,478.818 |
10,374.181 |
7,997.050 |
|
(b) Deferred tax liabilities (Net) |
2,699.497 |
2,466.711 |
2,528.721 |
|
(c) Other long term
liabilities |
148.962 |
279.543 |
352.294 |
|
(d) long-term
provisions |
0.015 |
0.015 |
16.669 |
|
Total Non-current
Liabilities (3) |
13,327.292 |
13,120.450 |
10,894.734 |
|
|
|
|
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|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
15,201.657 |
44,013.239 |
37,874.009 |
|
(b) Trade
payables |
54,589.441 |
48,232.945 |
41,240.782 |
|
(c) Other
current liabilities |
16,466.833 |
15,032.327 |
14,595.403 |
|
(d) Short-term
provisions |
134.020 |
211.985 |
170.264 |
|
Total Current
Liabilities (4) |
86,391.951 |
107,490.496 |
93,880.458 |
|
|
|
|
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TOTAL |
123,103.766 |
144,273.212 |
126,791.980 |
|
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|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
24,923.651 |
24,769.012 |
23,413.770 |
|
(ii) Intangible
Assets |
37.926 |
28.998 |
36.150 |
|
(iii)
Capital work-in-progress |
1,433.556 |
2,133.226 |
2,370.057 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3,233.362 |
2,610.795 |
2,102.855 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
969.796 |
1,189.145 |
847.098 |
|
(e) Other
Non-current assets |
1.745 |
3.419 |
3.877 |
|
Total Non-Current
Assets |
30,600.036 |
30,734.595 |
28,773.807 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
110.584 |
218.257 |
4.418 |
|
(b)
Inventories |
34,456.750 |
33,441.506 |
36,602.026 |
|
(c) Trade
receivables |
45,669.359 |
42,467.747 |
30,990.157 |
|
(d) Cash
and cash equivalents |
3,789.577 |
29,499.432 |
23,992.329 |
|
(e)
Short-term loans and advances |
7,100.967 |
5,456.038 |
4,706.722 |
|
(f) Other
current assets |
1,376.493 |
2,455.637 |
1,722.521 |
|
Total
Current Assets |
92,503.730 |
113,538.617 |
98,018.173 |
|
|
|
|
|
|
TOTAL |
123,103.766 |
144,273.212 |
126,791.980 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
243,810.148 |
261,464.379 |
259,966.027 |
|
|
|
Other Income |
2,200.708 |
3,384.073 |
2,272.565 |
|
|
|
TOTAL (A) |
246,010.856 |
264,848.452 |
262,238.592 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
140,197.426 |
159,113.488 |
140,349.946 |
|
|
|
Purchases of Stock In Trade |
76,350.448 |
75,179.792 |
98,278.910 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock in trade |
2,315.619 |
2,398.305 |
(6,121.493) |
|
|
|
Employees Benefits Expenses |
1,769.161 |
1,425.590 |
1,102.561 |
|
|
|
Others Expenses |
18,040.737 |
17,314.973 |
19,725.028 |
|
|
|
Exceptional Items |
(110.541) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
238,562.850 |
255,432.148 |
253,334.952 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7,448.006 |
9,416.304 |
8,903.640 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5,305.972 |
4,838.227 |
5,212.619 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2,142.034 |
4,578.077 |
3,691.021 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1,644.865 |
1,542.629 |
1,407.765 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
497.169 |
3,035.448 |
2,283.256 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
362.968 |
672.808 |
1,060.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
134.201 |
2,362.640 |
1,223.147 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9070.212 |
7,084.037 |
6,086.295 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
100.000 |
250.000 |
100.000 |
|
|
|
Proposed Dividend |
54.650 |
108.095 |
107.901 |
|
|
|
Tax on Dividend |
9.288 |
18.370 |
17.504 |
|
|
BALANCE CARRIED
TO THE B/S |
9040.475 |
9070.212 |
7,084.037 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F. O. B value of Export |
35987.615 |
43210.658 |
32343.326 |
|
|
|
F. O. B value of Merchandise trade |
12449.145 |
14675.056 |
10843.919 |
|
|
TOTAL EARNINGS |
48436.760 |
57885.714 |
43187.245 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Oils |
68644.754 |
81644.833 |
69127.946 |
|
|
|
Purchases for Merchandise exports |
12293.162 |
14554.083 |
9334.897 |
|
|
|
Purchase of Consumables/ packing materials |
31.840 |
68.974 |
7.394 |
|
|
TOTAL IMPORTS |
80969.756 |
96267.890 |
78470.237 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.07 |
7.08 |
3.67 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
0.06 |
0.90 |
0.47 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
3.05 |
3.60 |
3.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
0.42 |
2.18 |
1.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.13 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.10 |
2.30 |
2.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.06 |
1.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
686.717 |
687.845 |
688.093 |
|
Reserves & Surplus |
21330.071 |
22974.421 |
22696.430 |
|
Net
worth |
22016.788 |
23662.266 |
23384.523 |
|
|
|
|
|
|
long-term borrowings |
7997.050 |
10374.181 |
10478.818 |
|
Short term borrowings |
37874.009 |
44013.239 |
15201.657 |
|
Total
borrowings |
45871.059 |
54387.420 |
25680.475 |
|
Debt/Equity
ratio |
2.083 |
2.298 |
1.098 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
259,966.027 |
261,464.379 |
243,810.148 |
|
|
|
0.576 |
(6.752) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
259,966.027 |
261,464.379 |
243,810.148 |
|
Profit |
1,223.147 |
2,362.640 |
134.201 |
|
|
0.47% |
0.90% |
0.06% |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
UNSECURED LOAN:
|
Particulars |
31.03.2014 Rs.
In Millions |
31.03.2013 Rs.
In Millions |
|
Long Term
Borrowings |
|
|
|
Deferred Sales Tax Liability |
720.536 |
722.131 |
|
Short Term
Borrowings |
|
|
|
From Banks / Financial Institutions |
12289.770 |
37049.975 |
|
Total |
13010.306 |
37772.106 |
GENERAL
INFORMATION
The Company is a Public Limited Company engaged primarily in the business of processing of oil-seeds and refining of crude oil for edible use. The Company also produces oil meal, food products from soya and value added products from downstream and upstream processing. The Company is also engaged in trading in various products and generation of power from wind energy. The Company has manufacturing plants across India and is listed on the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE).
PERFORMANCE IN
2013-14
The business environment was challenging during the financial year 2013-14 mainly on account of an anomaly in India’s import duty regime for oils, a lower soya crop due to unfavourable monsoons, and increased hedging costs that were consequently faced. However, there balanced and integrated business model has insulated us to some degree as there focus is on the higher end of the value chain. This strategy has aided us in combating these challenging business conditions. There have also diversified into additional agri-product offerings that have a relatively inelastic export demand to help us maintain their revenues. Going forward, there are optimistic about their performance and have oriented ourselves to further brand development. Recognising that there is a vast potential in India for branded goods that offer consistent value to discerning consumers, there are positioning ourselves to increase their brand visibility and retail presence across the country.
OPERATIONS
During the year, the Total Income (Revenue) of the Company has decreased to Rs.246010.800 Millions from Rs.264848.500 Millions in the previous year. The Profit after tax of Rs.134.200 Millions was recorded during the year as against Rs.2362.700 Millions in the previous year. The anomaly in import duty structure entailing higher landed cost of crude palm products for the domestic refining industry and the consequent lower capacity utilization and profitability, poor arrival of soya seeds in the market resulting in lack of commercial parity for crushing and increase in foreign currency hedging cost during the year, have primarily contributed to decline in profitability.
FUTURE OUTLOOK
Keeping in view the improved business sentiments, the economy showing signs of better growth in the coming years and the partial corrective measures taken by the Government in January 2014 against the anomaly in import duty structure relating to palm segment, they expect better utilisation of productive capacities of domestic refining and performance. They also hope that the advancing of monsoon in July 2014 in the soya seed growing areas will help the sowing season and lead to better than expected crop production in the current year. They believe that better business environment will entail better capacity utilisation and higher export volumes. Considering the growing trend in the industry and their strong focus, they anticipate that the branded sales segment is also expected to be higher in the current year. They are hopeful of improved performance in the current year.
Keeping in view the vast potential in the edible business and growing consumption across the population, the company is supportive of the view of the industry that consistent and conducive domestic tariff policies will facilitate domestic value addition, investment into the productive and its dependent sectors and overall growth of the economy. In view of their growing strengths in the sourcing, processing, logistics and distribution activities in India, the Company expects to sustain the leadership position in the times to come.
The Company will continue to focus on growing the front end and back end activities of the integrated business model with a view to have better visibility of end products in the market place across the spectrum and sustainable sourcing and origination capabilities to improve margin on the value chain. The company is in the process of introducing new and value added products with a blend of taste, variety, health and wellness to cater to changing preferences of consumers. The strategy is oriented towards greater visibility in the market place and closeness to customers across regions. They trust the results and impact will be clearly visible in the market place in the times to come to enable us to continue to grow higher than the growth rate of the segment.
The Company is in the process of enlarging/extending its presence in the agri product portfolio involving connectivity with farming community for procurement, processing and export with value addition. The extension enables us to enter into complimentary areas to leverage sourcing strengths (agri commodities) and international distribution network with a view to sustain a growing relationship with their international customers and domestic farming community.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2014
(Rs. In Millions)
|
Particulars |
Quarter Ended |
Year
to date figures for current year ended |
|
|
|
Unaudited |
Unaudited |
Unaudited |
|
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|
1.
Income from operations |
|
|
|
|
a) Net sales/ Income from operation (net of excise duty) |
69852.158 |
56467.963 |
126320.121 |
|
b) Other operating income |
817.791 |
786.717 |
1604.508 |
|
Total
income from Operations(net) |
70669.949 |
57254.680 |
127924.629 |
|
2.Expenditure |
|
|
|
|
a) Cost of material consumed |
40592.520 |
35708.728 |
76301.248 |
|
b) Purchases of stock in trade |
25346.467 |
16095.157 |
41441.624 |
|
c) Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
(544.667) |
636.000 |
91.333 |
|
d) Employees benefit expenses |
461.347 |
444.965 |
906.312 |
|
e) Depreciation and amortization expenses |
244.870 |
553.972 |
798.842 |
|
f) Other expenditure |
3611.822 |
2729.664 |
6341.486 |
|
Total expenses |
69712.359 |
56168.486 |
125880.845 |
|
3. Profit from operations before other income and
financial costs |
957.590 |
1086.194 |
2043.784 |
|
4. Other income |
74.488 |
104.781 |
179.269 |
|
5. Profit from ordinary activities before finance costs |
1032.078 |
1190.975 |
2223.053 |
|
6. Finance costs |
911.778 |
1133.321 |
2045.099 |
|
7. Net profit/(loss) from ordinary activities
after finance costs but before exceptional items |
120.300 |
57.654 |
177.954 |
|
8. Exceptional item |
0.000 |
0.000 |
0.000 |
|
9. Profit from ordinary activities before tax
Expense: |
120.300 |
57.654 |
177.954 |
|
10.Tax expenses |
68.111 |
55.900 |
124.011 |
|
11.Net Profit
/ (Loss) from ordinary activities after tax (9-10) |
52.189 |
1.754 |
53.943 |
|
12.Extraordinary Items (net of tax expense) |
0.000 |
0.000 |
0.000 |
|
13.Net Profit / (Loss) for the period (11 -12) |
52.189 |
1.754 |
53.943 |
|
14.Paid-up equity share capital (Nominal value Rs.1 0/- per share) |
668.121 |
668.121 |
668.121 |
|
Preference Share |
20.000 |
20.000 |
20.000 |
|
15. Reserve excluding
Revaluation Reserves as per balance sheet of previous accounting year |
|
|
|
|
16.i) Earnings per share (before extraordinary
items) of Rs.10/- each) (not annualised): |
|
|
|
|
(a) Basic and diluted |
0.16 |
0.004 |
0.16 |
|
ii) Earnings per share (after extraordinary items) |
|
|
|
|
(a) Basic and diluted |
0.16 |
0.004 |
0.16 |
|
Particulars |
Quarter Ended |
Year
to date figures for current year ended |
|
|
|
Unaudited |
Unaudited |
Unaudited |
|
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|
|
|
|
|
|
A. Particulars of shareholding |
|
|
|
|
1. Public Shareholding |
|
|
|
|
- Number of shares |
147362980 |
147362980 |
147362980 |
|
- Percentage of shareholding |
44.11 |
44.11 |
44.11 |
|
2. Promoters and Promoters group Shareholding- |
|
|
|
|
a) Pledged /Encumbered |
|
|
|
|
Number of shares |
28648390 |
28648390 |
28648390 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
15.35 |
15.35 |
15.35 |
|
Percentage of shares (as a % of total share capital of the
company) |
8.58 |
8.58 |
8.58 |
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
Number of shares |
158049052 |
158049052 |
158049052 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
84.65 |
84.65 |
84.65 |
|
Percentage of shares (as a % of total share capital of the
company) |
47.31 |
47.31 |
47.31 |
|
B.
Investor Complaints |
3 Months Ended 30.09.2014 |
|
Pending at the beginning of the quarter |
- |
|
Receiving during the quarter |
5 |
|
Disposed of during the quarter |
5 |
|
Remaining unreserved at the end of the quarter |
- |
UNAUDITED SEGMENT
WIE REVENUE, RESULTS AND CAPITAL EMPLOYED
(Rs. In
Millions)
|
Particulars |
Quarter
Ended |
Year to date figures for current year ended |
|
|
|
Unaudited |
Unaudited |
Unaudited |
|
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|
|
|
|
|
|
1 Segment Revenue |
|
|
|
|
Oils |
46070.370 |
37899.484 |
83969.854 |
|
Vanaspati |
2552.029 |
2319.600 |
4871.629 |
|
Seed Extraction |
9928.755 |
12453.297 |
22382.052 |
|
Food Products |
1813.704 |
1591.969 |
3405.673 |
|
Wind Turbine Power Generation |
216.733 |
192.335 |
409.068 |
|
Others |
16379.020 |
8690.625 |
25069.645 |
|
Unallocated |
|
|
|
|
Total Segment
Revenue |
76960.611 |
63147.310 |
140107.921 |
|
Less : Inter segment Revenue |
7108.453 |
6679.347 |
13787.800 |
|
Net Sales/Income
from operations |
69852.158 |
56467.963 |
126320.121 |
|
|
|
|
|
|
2 Segment Results |
|
|
|
|
Oils |
155.499 |
118.468 |
273.967 |
|
Vanaspati |
6.827 |
5.777 |
12.604 |
|
Seed Extraction |
(48.932) |
93.973 |
45.041 |
|
Food Products |
18.589 |
23.633 |
42.222 |
|
Wind Turbine Power Generation |
145.003 |
74.411 |
219.414 |
|
Others |
688.273 |
800.207 |
1488.480 |
|
Unallocated |
-- |
- |
-- |
|
Total |
965.259 |
1116.469 |
2081.728 |
|
Less: (i) Finance costs |
911.778 |
1133.321 |
2045.099 |
|
(ii) Interest Income |
(63.959) |
(74.506) |
(138.465) |
|
(iii) Other unallocable expenditure net
off un-allocable income |
(2.860) |
--- |
(2.860) |
|
Total Profit
before tax |
120.300 |
57.654 |
177.954 |
|
|
|
|
|
|
Capital Employed
|
|
|
|
|
(Segment Assets less Segment Liabilities) |
|
|
|
|
Oils |
13152.441 |
20861.506 |
13152.441 |
|
Vanaspati |
3030.997 |
2317.041 |
3030.997 |
|
Seed Extraction |
19469.340 |
29101.786 |
19469.340 |
|
Food Products |
1653.675 |
1446.996 |
1653.675 |
|
Wind Turbine Power Generation |
4537.995 |
4476.812 |
4537.995 |
|
Others |
8857.896 |
11453.681 |
8857.896 |
|
Unallocated |
-- |
- |
-- |
|
TOTAL |
50702.344 |
69657.822 |
50702.344 |
STATEMENT
OF ASSETS AND LIABILITY
|
SOURCES OF FUNDS |
|
|
Current Half Year Ended (Unaudited) |
|
|
|
|
30.09.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a)
Share Capital |
|
|
688.121 |
|
(b)
Reserves & Surplus |
|
|
21251.278 |
|
(c)
Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
|
21939.399 |
|
|
|
|
|
|
Minority Interest |
|
|
0.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
|
|
9327.331 |
|
(b)
Deferred tax liabilities (Net) |
|
|
2694.493 |
|
(c)
Other long term liabilities |
|
|
165.258 |
|
(d)
long-term provisions |
|
|
0.035 |
|
Total Non-current Liabilities (3) |
|
|
12187.117 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
14970.499 |
|
(b)
Trade payables |
|
|
57874.487 |
|
(c)
Other current liabilities |
|
|
15229.160 |
|
(d)
Short-term provisions |
|
|
187.899 |
|
Total Current Liabilities (4) |
|
|
88262.045 |
|
|
|
|
|
|
TOTAL |
|
|
122388.561 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
25177.913 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b)
Non-current Investments |
|
|
3247.238 |
|
(c)
Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
1181.699 |
|
(e)
Other Non-current assets |
|
|
0.250 |
|
Total Non-Current Assets |
|
|
29607.100 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
218.504 |
|
(b)
Inventories |
|
|
28765.048 |
|
(c)
Trade receivables |
|
|
50254.677 |
|
(d)
Cash and cash equivalents |
|
|
3218.380 |
|
(e)
Short-term loans and advances |
|
|
9405.456 |
|
(f)
Other current assets |
|
|
919.396 |
|
Total Current Assets |
|
|
92781.461 |
|
|
|
|
|
|
TOTAL |
|
|
122388.561 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10512373 |
31/07/2014 |
1,680,000,000.00 |
STANDARD CHARTERED BANK |
NARAIN MANZIL 23, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
C14547269 |
|
2 |
10494305 |
29/03/2014 |
3,000,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
A. B. ROAD, NEAR GPO, INDORE, |
C03965878 |
|
3 |
10419930 |
22/03/2013 |
3,650,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, A. B ROAD, NEAR GPO, INDORE, MADHYA PRADESH - 452001, INDIA |
B73253957 |
|
4 |
10386062 |
19/10/2012 |
2,650,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, A.
B. ROAD, NEAR G.P.O., INDOR |
B61783767 |
|
5 |
10373592 |
30/08/2012 |
1,669,455,000.00 |
DBS BANK LIMITED |
3RD FLOOR, FORT HOUSE, 221, DR. D. N. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B56697717 |
|
6 |
10370275 |
09/08/2012 |
1,102,900,000.00 |
DBS BANK LIMITED |
3RD FLOOR, FORT HOUSE, 221, DR. D. N. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B45343043 |
|
7 |
10360000 |
17/05/2012 |
300,000,000.00 |
AXIS BANK LIMITED |
01, KAMAL PALACE, Y N ROAD, INDORE, MADHYA PRADESH - 452001, INDIA |
B41351016 |
|
8 |
10329974 |
10/09/2013 * |
1,375,000,000.00 |
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED |
CNERGY, 6TH FLOOR, APPASAHEB MARATHE MARG, PRABHA DEVI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B85195261 |
|
9 |
10296868 |
27/06/2011 |
2,500,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
A. B. ROAD, NEAR GPO, INDORE, |
B16773319 |
|
10 |
10286881 |
27/04/2011 |
917,400,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B12842993 |
|
11 |
10311401 |
25/03/2011 |
690,000,000.00 |
BANK OF INDIA |
NARIMAN POINT LARGE
CORPORATE BRANCH, 92/93, FREE |
B16845760 |
|
12 |
10285373 |
22/03/2011 |
700,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B12152864 |
|
13 |
10272947 |
10/01/2011 |
1,000,000,000.00 |
IDBI BANK LIMITED |
SPECIALISED CORPORATE BRANCH,UPPER GROUND FLOOR, CAPT C S NAYUDU ARCADE, 10/2, OLD PALASIA., INDORE, MADHYA PRADESH - 452001, INDIA |
B07210198 |
|
14 |
10261308 |
28/12/2010 |
500,000,000.00 |
STATE BANK OF HYDERABAD |
11-C, MITTAL TOWER, 210, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B03229135 |
|
15 |
10239839 |
12/10/2012 * |
46,255,000,000.00 |
AXIS BANK LIMITED |
2ND FLR, AXIS
HOUSE, BOMBAY DYEING MILLS COMPOUND, |
B61325767 |
|
16 |
10228812 |
24/06/2010 |
922,000,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A88973359 |
|
17 |
10181563 |
24/12/2013 * |
75,905,400,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, A.B. ROAD, NEAR G.P.O., INDORE, MADHYA PRADESH - 452001, INDIA |
B92726215 |
|
18 |
10310363 |
19/12/2008 |
642,120,000.00 |
THE BANK OF RAJASTHAN LIMITED |
OVERSEAS BRANCH,
C-WING, MITTAL TOWER, NARIMAN PO |
A56426968 |
|
19 |
10133208 |
30/10/2008 |
3,000,000,000.00 |
PUNJAB NATIONAL BANK |
MID, CORPORATE
BRANCH, SIYAGANJ, INDORE, MADHYA |
A52247657 |
|
20 |
10127581 |
10/10/2008 |
250,000,000.00 |
BARCLAYS BANK PLC |
FIRST FLOOR, 69 VALLAI PACHIAPPAN STREET, KAMARAJ SALAI, KANCHIPURAM, TAMIL NADU - 631501, INDIA |
A49546526 |
|
21 |
10097587 |
19/03/2008 |
250,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
POST BOX NO.21,
ERODE ROAD, KARUR, TAMIL NADU - |
A36305332 |
|
22 |
10026845 |
10/11/2006 |
2,882,100,000.00 |
CENTRAL BANK OF INDIA LIMITED |
CORPORATE FINANCE BRANCH, SIYAGANJ, INDORE, MADHYA PRADESH - 452001, INDIA |
A07099666 |
|
23 |
10022029 |
24/10/2006 |
250,000,000.00 |
THE KARUR VYSYA BANK LTD |
POST BOX NO.21, ,
ERODE ROAD, KARUR, TAMIL NADU - |
A05511969 |
|
24 |
10022240 |
28/09/2006 |
350,000,000.00 |
CENTRAL BANK OF INDIA LIMITED |
CORPORATE FINANCE
BRANCH, PHASE-I, PALIKA PLAZA, |
A05551627 |
|
25 |
10073789 |
13/09/2006 |
200,000,000.00 |
DENA BANK |
INDUSTRIAL FINANCE
BRANCH, 9TH FLOOR, MAKERS TOWE |
A05748520 |
|
26 |
10007109 |
07/06/2006 |
900,000,000.00 |
STATE BANK OF PATIALA |
20, USHA NAGAR
EXTENSION, INDORE, MADHYA PRADESH - |
A01501584 |
|
27 |
10007681 |
24/02/2010 * |
1,162,900,000.00 |
STATE BANK OF INDORE (LEAD BANKER) |
INDUSTRIAL FINANCE
BRANCH, KHEL PRASHAL, INDORE, |
A82573049 |
|
28 |
80021478 |
24/02/2010 * |
1,162,900,000.00 |
STATE BANK OF INDORE (LEAD BANKER) |
INDUSTRIAL FINANCE BRANCH,
KHEL PRASHAL, INDORE, |
A82572553 |
|
29 |
90243877 |
30/03/2007 * |
350,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
A. B. ROAD, NEAR G. P. O., IN |
- |
|
30 |
90238548 |
27/07/2005 |
100,000,000.00 |
IDBI BANK LIMITED |
ALANKAR CHAMBERS,
RATLAM KOTHI; A.B. ROAD, INDORE |
- |
|
31 |
90242661 |
16/03/2005 |
50,000,000.00 |
INDUYSTIRAL BANK |
BOMBAY, INDORE, MADHYA PRADESH, INDIA |
- |
|
32 |
90242590 |
24/11/2004 |
40,000,000.00 |
INDUYSTIRAL BANK |
BOMBAY, INDORE, MADHYA PRADESH, INDIA |
- |
|
33 |
90242580 |
27/10/2004 |
500,000,000.00 |
ANDHRA BANK |
NO. 33, III FLOOR; ATLANTA; NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
34 |
90241179 |
25/08/2004 |
200,000,000.00 |
UTI BANK LIMITED |
KAMAL PALACE; 1,
YASHWANT COLONY; YASHWANT NIWAS |
- |
|
35 |
90243728 |
30/11/2004 * |
200,000,000.00 |
UTI BANK LIMITED |
KAMAL PALACE; 1, YASHWANT NIWAS ROAD, INDORE, MADHYA PRADESH - 452001, INDIA |
- |
|
36 |
90241154 |
18/06/2004 |
125,000,000.00 |
SOUTH INDIAN BANK LIMITED |
HAMPANKATTA BRANCH, MANGALORE, KARNATAKA, INDIA |
- |
|
37 |
90187976 |
08/05/2004 |
250,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
ERODE ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
38 |
90242517 |
05/05/2004 |
250,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
APPOLO TRADE CENTRE, RAJGARH KOTHI; A.B. ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
39 |
90241122 |
15/05/2004 * |
50,000,000.00 |
PUNJAB NATIONAL BANK |
SIYAGANJ BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
40 |
90243681 |
31/03/2004 |
100,000,000.00 |
THE BANK OF RAJASTHAN LIMITED |
OVERSEAS BRANCH; C-WING, MITTAL TOWER; NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
41 |
90241118 |
30/11/2004 * |
250,000,000.00 |
ING VYSYA BANK LIMITED |
OPERA HOUSE BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
|
42 |
90187973 |
09/03/2004 |
202,500,000.00 |
THE JAMMU & KASHMIR BANK LIMITED |
DIAMOND COLONY, INDORE, MADHYA PRADESH, INDIA |
- |
|
43 |
90241101 |
25/08/2004 * |
240,000,000.00 |
UTI BANK LIMITED |
KAMAL PLACE; 1,
YASHWANT COLONY; YASHWANT NIWAS R |
- |
|
44 |
90241097 |
19/02/2004 |
141,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
APPOLO TRADE CENTRE, RAJGARH KOTHI; A.B. ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
45 |
90188929 |
13/12/2003 |
100,000,000.00 |
KARUR VYSYA BANK LIMITED |
ERODE ROAD, INDORE, MAHARASHTRA, INDIA |
- |
|
46 |
90241062 |
09/06/2004 * |
150,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, A.B. ROAD (NEAR G.P.O.), INDORE, MADHYA PRADESH, INDIA |
- |
|
47 |
90050173 |
13/11/2003 |
150,000,000.00 |
PUNJAB NATIONAL BANK |
M.P.H.B. BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
48 |
90144521 |
06/06/2003 |
175,000,000.00 |
CREDIT AGRICOLE INDOSUEZ |
HOMCHAT HOUSE, 11TH
FLOOR; NARIMAN POINT, MUMBAI, |
- |
|
49 |
90144428 |
08/07/2003 * |
100,000,000.00 |
LORD KRISHNA BANK LTD |
NO. 281; ANNA
SALAI, CHENNAI, TAMIL NADU - 600018, |
- |
|
50 |
90240967 |
17/03/2003 |
25,000,000.00 |
PUNJAB NATIONAL BANK |
SIYAGANJ BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
51 |
90186987 |
19/02/2003 |
70,000,000.00 |
KARUR VYSYA BANK LIMITED |
ERODE ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
52 |
90240928 |
27/11/2002 |
143,300,000.00 |
BANK OF INDIA |
MUMBAI CORPORATE
BANKING BRANCH; FORT, BANK OF IN |
- |
|
53 |
90186957 |
25/10/2002 |
150,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
ERODE ROAD KARUR, INDORE, MADHYA PRADESH, INDIA |
- |
|
54 |
90240913 |
07/06/2013 * |
900,000,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO, PLOT NO.
C-38 & 39, G - BLOCK, BANDRA |
B78344512 |
|
55 |
90144139 |
07/07/2003 * |
1,034,000.00 |
BANK OF BAHRAM & KUWAIT BSC. |
6-3-550; AKSHGANGA,
SOMAJIGUDA, HYDERABAD, ANDHRA |
- |
|
56 |
90238411 |
07/05/2002 |
100,000,000.00 |
STATE BANK OF INDORE |
EMPIRE HOUSE, D.N. ROAD; OPPOSITE FORT, BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
57 |
90240849 |
28/01/2004 * |
9,500,000.00 |
SOCIETE GENERALE |
80, ROBINSON ROAD; # 25-00, SINGAPORE, - 068898, SINGAPORE |
- |
|
58 |
90186894 |
10/01/2002 |
165,000,000.00 |
THE VYSYA BANK LTD |
OPERA HOUSE BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
|
59 |
90186890 |
27/12/2001 |
145,000,000.00 |
ANDHRA BANK |
MADHAV MANDIR, JAWAHAR MARG, INDORE, MADHYA PRADESH, INDIA |
- |
|
60 |
90240837 |
15/06/2006 * |
140,000,000.00 |
KSIIDC LIMITED |
"KHANIJA
BHAVAN", 48, 4TH FLOOR EAST WING, RACE C |
- |
|
61 |
90048796 |
03/07/2002 * |
200,000,000.00 |
ORIENTAL BANK OF COMMERCE |
R.N.T. MARG BRANCH,
CHETAK CENTRE, INDORE, MADHYA |
- |
|
62 |
90240834 |
30/05/2005 * |
140,000,000.00 |
KARNATAKA STATE INDUSTRIAL INVESTMENT & DEVELOP. CORPN. LIMITED |
MSIL HOUSE; 36,
CUNNINGHAM ROAD, BANGALORE, KARNA |
- |
|
63 |
90240823 |
07/05/2002 * |
75,000,000.00 |
BANK OF BAHRAIN & KUWAIT B.S.C. |
JOLLY MKAER CHAMBERS II, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
64 |
90048678 |
17/05/2002 * |
80,000,000.00 |
PUNJAB NATIONAL BANK |
M.P.H.B. BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
65 |
90240809 |
29/08/2001 |
150,000,000.00 |
BANK MUSCAT S.A.O.G. |
29, INFANTRY ROAD,
BANGALORE, KARNATAKA - 560001, |
- |
|
66 |
90143472 |
02/07/2001 |
4,110,480.00 |
CENTURION BANK LTD |
8-B II FLOOR, EGMORE, CHENNAI, TAMIL NADU, INDIA |
- |
|
67 |
90240784 |
08/06/2001 |
65,000,000.00 |
BANK OF BAHRAIN & KUWAIT B.S.C. |
JOLLY MAKER CHAMBERS II, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
68 |
90243520 |
23/05/2001 |
50,000,000.00 |
STATE BANK OF INDORE |
NAVALAKHA BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
69 |
90048403 |
19/02/2005 * |
977,300,000.00 |
DENA BANK |
NAVLAKHA BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
70 |
90240769 |
24/03/2001 |
103,000,000.00 |
STATE BANK OF PATIALA |
USHA NAGAR EXTN. BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
71 |
90187879 |
17/02/2001 |
50,000,000.00 |
THE VYSYA BANK LIMITED |
OPERA HOUSE, MUMBAI, MAHARASHTRA - 400007, INDIA |
- |
|
72 |
90143206 |
24/09/2004 * |
2,560,000.00 |
STATE BANK OF TRAVANCORE |
CORMANDEL TOWERS; 816/817, POONAMALEE HIGH ROAD; KIPLAUK, CHENNAI, TAMIL NADU - 600010, INDIA |
- |
|
73 |
90240741 |
14/12/2000 |
100,000,000.00 |
STATE BANK OF INDORE |
EMPIRE HOUSE, D.N. ROAD; OPPOSITE FORT, BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
74 |
90048227 |
28/11/2000 |
100,000,000.00 |
UTI BANK LIMITED |
YASHWANT NIWAS ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
75 |
90187869 |
06/05/2006 * |
1,660,000,000.00 |
STATE BANK OF INDORE |
NAVLAKHA BRANCH,
INDORE, MADHYA PRADESH - 452001, |
- |
|
76 |
90146126 |
09/04/2001 * |
256,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, 39; ANNA SALAI, CHENNAI, TAMIL NADU - 600001, INDIA |
- |
|
77 |
90147549 |
28/01/2004 * |
256,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, 39;
RAJAJI SALAI, CHENNAI, TAMIL |
- |
|
78 |
90048145 |
05/10/2000 |
100,000,000.00 |
KARUR VYSYA BANK LIMITED |
APOLLO TRADE
CENTRE, A.B. ROAD, INDORE, MADHYA PR |
- |
|
79 |
90240713 |
31/08/2000 |
150,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, WTC
COMPLEX; CUFFE PARADE, MUMBAI, MA |
- |
|
80 |
90238366 |
04/08/2000 |
80,000,000.00 |
STATE BANK OF INDORE |
EMPIRE HOUSE, D.N.
ROAD; OPPOSITE HANDLOOM HOUSE, |
- |
|
81 |
90240709 |
04/08/2000 |
80,000,000.00 |
STATE BANK OF INDORE |
EMPIRE HOUSE, D.N. ROAD; FORT, BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
82 |
90240702 |
25/07/2000 |
280,000,000.00 |
UTI BANK LIMITED |
KAMAL PALACE, 1;
YASHWANT COLONY, INDORE, MADHYA |
- |
|
83 |
90240694 |
11/01/2005 * |
195,400,000.00 |
PUNJAB NATIONAL BANK |
SIYAGANJ BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
84 |
90240692 |
21/06/2000 |
170,000,000.00 |
IDBI BANK LIMITED |
ALANKAR CHAMBERS; RATLAM KOTHI, A.B. ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
85 |
90187854 |
19/05/2000 |
5,000,000.00 |
STATE BANK OF INDORE |
NAVALAKHA BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
86 |
90240669 |
31/01/2004 * |
100,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE; FLOOR
21, WORLD TRADE CENTRE; CUFFE P |
- |
|
87 |
90240640 |
27/12/1999 |
92,800,000.00 |
STATE BANK OF TRAVANCORE |
INDIRA COMPLEX, A.B. ROAD; NAVIAKHA, INDORE, MADHYA PRADESH, INDIA |
- |
|
88 |
90240637 |
04/08/2000 * |
50,000,000.00 |
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EARNEST HOUSE; 11TH FLOOR, 194; NARIMAN POINT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
89 |
90047694 |
26/03/2001 * |
840,800,000.00 |
DENA BANK |
NAVLAKHA BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
90 |
90138136 |
16/07/1999 |
3,500,000.00 |
TIMES BANK LIMITED |
5-4 5 AND 6;
PADMAVATI HOUSE, J. N. ROAD; ABIDS, |
- |
|
91 |
90138129 |
03/06/2004 * |
22,500,000.00 |
GLOBAL TRUST BANK LIMITED |
9-1-129/1; OXFORD
PLAZA, SAROJINI DEVI ROAD, SECU |
- |
|
92 |
90186685 |
21/06/1999 |
150,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
A. B. ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
93 |
90240585 |
10/06/1999 |
120,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
APPOLO TRADE CENTRE, RAJGARH KOTHI; A.B. ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
94 |
90240583 |
07/06/1999 |
200,000,000.00 |
STATE BANK OF INDORE |
NAVALAKHA BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
95 |
90186658 |
16/03/2002 * |
326,000,000.00 |
STATE BANK OF INDORE |
5; YASHWANT NIWAS ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
96 |
90187817 |
08/10/2003 * |
326,000,000.00 |
STATE BANK OF INDORE |
5; YASHWANT NIWAS ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
97 |
90188760 |
10/02/2004 * |
326,000,000.00 |
STATE BANK OF INDORE |
5; YASHWANT NIWAS ROAD, INDORE, MADHYA PRADESH, INDIA |
- |
|
98 |
90187806 |
28/12/1998 |
100,000,000.00 |
STATE BANK OF INDORE |
NAVLAKHA BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
99 |
90243396 |
11/11/1998 |
181,800,000.00 |
STATE BANK OF HYDERABAD |
11-C; MITTAL TOWER, 210; NARIMAN POINT, MUMBAI, MADHYA PRADESH - 400021, INDIA |
- |
|
100 |
90139174 |
15/12/1998 * |
85,000,000.00 |
STATE BANK OF INDIA |
AGRI BUSINESS BRANCH, ABIDS, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
- |
FIXED ASSETS
·
· Lease hold Land
· Buildings
· Plant and Machinery
· Windmills
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Trade Marks
· Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 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.62.21 |
|
UK Pound |
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.77.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
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.