MIRA INFORM REPORT
|
Report Date : |
27.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
THE RAMCO CEMENTS LIMITED (w.e.f 30.09.2013) |
|
|
|
|
Formerly Known
As : |
MADRAS CEMENTS LIMITED (13.06.2000) CHENNAI PRTROLEUM CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
Ramamandiram, Virudhunagar District Rajapalayam - 626117,
Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.07.1957 |
|
|
|
|
Com. Reg. No.: |
003566 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 238.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L26941TN1957PLC003566 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEM07222F/ MRIM00576C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM8375L |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacture and |
|
|
|
|
No. of Employees
: |
2937 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavorable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 70900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loan facilities= AA- |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
December 2014 |
RBI DEFAULTER’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTER’ 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
Management Non Co – Operative (91-44-28478666)
LOCATIONS
|
Registered Office : |
Ramamandiram, Virudhu Nagar, District Rajapalayam – 626117, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
Email : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Auras Corporate Centre, 98-A, Dr. |
|
Tel. No.: |
91-44-28478666/ 28478656/ 28555815 |
|
Fax No.: |
91-44-28478676/ 28530248 |
|
|
|
|
Factory : |
CEMENT PLANT ·
Ramasamy Raja Nagar, Virudhunagar District - 626 204, ·
Alathiyur, Cement Nagar, Ariyalur District -
621 730, ·
·
Jayanthipuram, Kumarasamyraja Nagar, Krishna
District - 521 457, ·
Mathodu, Hosadurga, Chitradurga District - 577
533, GRINDING
PLANTS ·
·
·
Kolaghat, Purba Medinipur District -
721135, West PACKING
PLANTS ·
Kumarapuram, Aralvaimozhi,
Kanyakumari District - 629301, ·
READY
MIX CONCRETE PLANT ·
Medavakkam - DRY MOTOR
DIVISION ·
F-14, RAMCO WIND FARM
DIVISION ·
Muppandal, Poolavadi, Thandayarkulam, Veeranam, Muthunaickenpatti,
Pushpathur and Udumalpet in ·
Vani Vilas Sagar and GIM II Hills in |
|
|
|
|
Branch : |
Alathiyur Works, Cement Nagar Post, Sendurai Taluk, Perambalur, |
|
|
|
|
Ramco Research and Development Centre : |
11-A, Okkiyam, Thuraipakkam, Chennai – 600096, |
DIRECTORS
As on. 31.03.2014
|
Name : |
Mr. P R Ramasubrahmaneya Rajha |
|
Designation : |
Chairman and Managing Director |
|
Address : |
Ramamandiram, Rajapalaiyam – 626 117, |
|
Qualification : |
B.Sc. |
|
|
|
|
Name : |
Mr. P R Venketrama Raja |
|
Designation : |
Director |
|
Address : |
Ramamandiram, Rajapalaiyam – 626 117, |
|
Date of Birth/Age : |
53 years |
|
Qualification : |
Bachelor's Degree in Chemical Engineering |
|
Other Directorship : |
· Ramco Industries Limited (Vice Chairman and Managing Director) · Ramco Systems Limited (Vice Chairman and Managing Director) · Rajapalayam Mills Limited · The Ramaraju Surgical Cotton Mills Limited · Thanjavur Spinning Mill Limited · Sri Vishnu Shankar Mill Limited · Sandhya Spinning Mill Limited. ·
Sri Sandhya Farms ( · Sri Saradha Deepa Farms Private Limited · Ramamandiram Agricultural Estate Private Limited · Nalina Agricultural Farms Private Limited · Sudharsanam Investments Limited ·
Ramco Systems Corporation, ·
Ramco Systems Limited, ·
Ramco Systems Sdn ·
Ramco Systems Pte. Limited, ·
Sri Ramco Lanka (Private) Limited, ·
Sri Ramco Roofings Lanka Private Limited - · RCDC Securities and Investments Private Limited · Nirmala Shankar Farms and Estates Private Limited · Sri Nithyalakshmi Farms Private Limited · Ram Sandhya Farms Private Limited ·
RSL · Sri Harini Textiles Limited ·
Ramco Systems Canada Inc., · Deccan Renewable Wind Electrics Limited (Chairman) · Rajapalayam Spinners Limited · Ramco Systems FZ-LLC |
|
|
|
|
Name : |
Mr. R S Agarwal |
|
Designation : |
Director |
|
Address : |
A-102, |
|
Qualification : |
B.Sc., B.E. |
|
|
|
|
Name : |
Mr. M. B. N. Rao |
|
Designation : |
Director |
|
Address : |
Flat No:A 906, |
|
Qualification : |
B. Sc., (Agricultural) |
|
|
|
|
Name : |
Mr. Swaran Singh, I.A.S |
|
Designation : |
Nominee of Government of Tamilnadu |
|
Qualification : |
IAS |
|
|
|
|
Name : |
Shri. M.M.Venkatachalam |
|
Qualification : |
B.Sc. (Agri) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on. 30.09.2014
|
Category of
Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
7996340 |
3.36 |
|
|
92707220 |
38.96 |
|
|
100703560 |
42.32 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
100703560 |
42.32 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
24108598 |
10.13 |
|
|
834422 |
0.35 |
|
|
8000000 |
3.36 |
|
|
10627717 |
4.47 |
|
|
44854302 |
18.85 |
|
|
88425039 |
37.16 |
|
|
|
|
|
|
10841659 |
4.56 |
|
|
25296122 |
10.63 |
|
|
12703000 |
5.34 |
|
|
48840781 |
20.52 |
|
Total Public shareholding (B) |
137265820 |
57.68 |
|
Total (A)+(B) |
237969380 |
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) |
237969380 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Available |
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Not Divulged |
||||||||
|
Countries : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Not Divulged |
||||||||
|
Countries : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users, OEM’s and Others
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
2937 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
œ
Axis Bank Limited œ
Bank of Baroda œ
Bank of Maharashtra œ
Canara Bank œ
Citi Bank œ
Deutsche Bank œ
HDFC Bank Limited œ
ICICI Bank Limited œ
IDBI Bank Limited œ
Indian Bank œ
ING Vysya Bank Limited œ
Kotak Mahindra Bank Limited œ
Punjab and Sind Bank œ
Standard Chartered Bank œ
Syndicate Bank œ
The Bank of Nova Scotia œ
The Federal Bank Limited œ
The Hongkong and Shanghai Banking Corporation
Limited œ
Union Bank of India œ Yes Bank Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name 1 : |
M S Jagannathan and N Krishnaswami Chartered Accountants |
|
Address : |
Unit-5, Ground Floor,
Abirami Apartments, No. 14, VOC Road, Cantonment Tiruchirappalli – 620001,
Tamilnadu, India |
|
|
|
|
Name 2 : |
CNGSN and Associates Chartered Accountants |
|
Address : |
20, Raja Street, T Nagar, Chennai – 600017, Tamilnadu, India |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Enterprises over
which the above persons exercise significant influence and with which the
company had transactions during the year: |
COMPANIES: œ Rajapalayam Mills Limited œ The Ramaraju Surgical Cotton Mills Limited œ Ramco Industries Limited œ Sri Vishnu Shankar Mill Limited œ Ramco Systems Limited œ Sandhya Spinning Mill Limited œ Thanjavur Spinning Mill Limited œ Sri Harini Textiles Limited œ Rajapalayam Spinners Limited œ Ontime Industrial Services Limited œ Sudharsanam Investments Limited œ Ramco Management Private Limited œ
PUBLIC TRUSTS: œ
Smt.Lingammal Ramaraju Shastra Prathista Trust œ
PACR Sethurammal Trust œ
Ramco welfare Trust œ
PACR Sethurammal Charities œ
Raja Charity Trust œ
PAC Ramasamy Raja Education Charity Trust œ
The Ramco Cements Limited Educational and
Charitable Trust |
|
|
|
|
Subsidiary Company: |
Ramco Windfarms Limited |
CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Rs.1/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
237969380 |
Equity Shares |
Rs.1/- each |
Rs. 238.000 Millions |
|
|
|
|
|
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 |
238.000 |
238.000 |
238.000 |
|
(b) Reserves & Surplus |
24582.800 |
23469.600 |
20265.800 |
|
(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) |
24820.800 |
23707.600 |
20503.800 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15203.500 |
13930.600 |
15007.500 |
|
(b) Deferred tax liabilities (Net) |
7373.700 |
7163.600 |
6491.800 |
|
(c) Other long term
liabilities |
3834.700 |
3384.200 |
3197.300 |
|
(d) long-term
provisions |
406.100 |
403.800 |
328.800 |
|
Total Non-current
Liabilities (3) |
26818.000 |
24882.200 |
25025.400 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
7236.200 |
5880.800 |
6131.900 |
|
(b) Trade
payables |
1876.600 |
1430.800 |
939.300 |
|
(c) Other
current liabilities |
7291.800 |
7343.500 |
6719.700 |
|
(d) Short-term
provisions |
642.200 |
1468.900 |
1262.300 |
|
Total Current
Liabilities (4) |
17046.800 |
16124.000 |
15053.200 |
|
|
|
|
|
|
TOTAL |
68685.600 |
64713.800 |
60582.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
45219.100 |
45134.000 |
40642.100 |
|
(ii)
Intangible Assets |
1191.600 |
801.500 |
509.400 |
|
(iii)
Capital work-in-progress |
3495.200 |
1479.600 |
5223.400 |
|
(iv)
Intangible assets under development |
47.200 |
90.400 |
52.100 |
|
(b) Non-current Investments |
2834.100 |
2657.700 |
2664.700 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3386.800 |
2146.500 |
1097.600 |
|
(e) Other
Non-current assets |
16.200 |
14.900 |
31.600 |
|
Total Non-Current
Assets |
56190.200 |
52324.600 |
50220.900 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
6855.300 |
5947.500 |
4910.900 |
|
(c) Trade
receivables |
3039.600 |
3014.300 |
2079.400 |
|
(d) Cash
and cash equivalents |
446.100 |
539.600 |
474.900 |
|
(e)
Short-term loans and advances |
2065.900 |
2785.800 |
2896.300 |
|
(f) Other
current assets |
88.500 |
102.000 |
0.000 |
|
Total
Current Assets |
12495.400 |
12389.200 |
10361.500 |
|
|
|
|
|
|
TOTAL |
68685.600 |
64713.800 |
60582.400 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
36835.100 |
38308.000 |
32236.200 |
|
|
|
Other Income |
857.200 |
418.600 |
329.600 |
|
|
|
TOTAL |
37692.300 |
38726.600 |
32565.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
6698.600 |
5752.700 |
4376.000 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
(453.300) |
(7.800) |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
198.000 |
1960.200 |
1712.100 |
|
|
|
Employees benefits expense |
2218.300 |
20989.300 |
16786.800 |
|
|
|
Other expenses |
22089.800 |
4.700 |
1.000 |
|
|
|
TOTAL |
31204.700 |
28253.600 |
22868.100 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
6487.600 |
10473.000 |
9697.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1881.300 |
1785.100 |
1584.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4606.300 |
8687.900 |
8113.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3062.900 |
2805.800 |
2539.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) |
1543.400 |
5882.100 |
5574.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
166.400 |
1845.600 |
1723.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) |
1377.000 |
4036.500 |
3851.100 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
903.100 |
699.300 |
540.600 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1001.300 |
3000.000 |
3000.000 |
|
|
|
1st Interim Dividend |
0.000 |
238.300 |
476.600 |
|
|
|
2nd Interim Dividend |
0.000 |
238.300 |
-- |
|
|
|
Tax on Interim Dividend |
238.300 |
117.800 |
96.600 |
|
|
|
Final Dividend |
40.500 |
238.300 |
119.200 |
|
|
|
Tax on Final Dividend |
768.500 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
2048.600 |
903.100 |
699.300 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
809.800 |
274.800 |
139.100 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
453.500 |
31.200 |
42.700 |
|
|
|
Stores & Spares |
126.900 |
77.700 |
54.700 |
|
|
|
Coal and Petcoke |
4299.900 |
4682.800 |
3084.300 |
|
|
|
Packaging Materials |
311.000 |
290.700 |
100.300 |
|
|
|
Capital Goods |
216.200 |
34.300 |
272.500 |
|
|
TOTAL EARNINGS |
5407.500 |
5116.700 |
3554.500 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.00 |
17.00 |
16.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
3.74 |
10.54 |
11.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
17.61 |
27.34 |
30.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.48 |
9.72 |
10.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.25 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.90 |
0.84 |
1.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.73 |
0.77 |
0.69 |
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 |
238.000 |
238.000 |
238.000 |
|
Reserves & Surplus |
20265.800 |
23469.600 |
24582.800 |
|
Net
worth |
20503.800 |
23707.600 |
24820.800 |
|
|
|
|
|
|
long-term borrowings |
15007.500 |
13930.600 |
15203.500 |
|
Short term borrowings |
6131.900 |
5880.800 |
7236.200 |
|
Total
borrowings |
21139.400 |
19811.400 |
22439.700 |
|
Debt/Equity
ratio |
1.031 |
0.836 |
0.904 |
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 |
32236.200 |
38308.000 |
36835.100 |
|
|
|
18.835 |
(3.845) |
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 |
32236.200 |
38308.000 |
36835.100 |
|
Profit |
3851.100 |
4036.500 |
1377.000 |
|
|
11.95% |
10.54% |
3.74% |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATIONS DETAILS
CHENNAI COURT
CASE STATUS INFORMATION SYSTEM
|
Case Status: |
Pending |
|
Status Of: |
TAX CASE. APPEAL |
|
Case No.: |
966 |
|
Year : |
2013 |
|
Petitioner : |
COMMISSIONER OF INCOME TAX |
|
Respondent : |
M/S MADRAS CEMENTS LIMITED |
|
Pet's Advocate : |
M/S.M.SWAMINATHAN |
|
Res's Advocate : |
MADURAI |
|
Category : |
NO CATEGORY MENTIONED |
|
|
Last Listed on: No Date Mentioned |
|
Case Updated on : |
Jun 27 2014 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Fixed Deposits |
0.000 |
14.000 |
|
Interest Free Sales Tax Loan |
4377.100 |
4841.800 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Loans Repayable
on Demand |
|
|
|
Loan From Banks |
88.400 |
89.000 |
|
Fixed Deposits |
17.400 |
06.900 |
|
Other Loans and
Advances |
|
|
|
Loan From Banks |
291.500 |
500.000 |
|
Foreign Currency Loans From Banks (Buyers Credit) |
1162.100 |
1124.300 |
|
Loan From Mutual Funds |
0.000 |
712.100 |
|
Total |
5936.500 |
7288.100 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10524378 |
29/09/2014 |
500,000,000.00 |
Syndicate Bank |
CORPORATE FINANCE BRANCH, FIRST FLOOR, 170, ELDAM |
C26864181 |
|
2 |
10524379 |
29/09/2014 |
750,000,000.00 |
Syndicate Bank |
CORPORATE FINANCE BRANCH, FIRST FLOOR, 170, ELDAM Tamil Nadu - 600018,INDIA |
C26861583 |
|
3 |
10532900 |
26/09/2014 |
1,000,000,000.00 |
DEUTSCHE BANK AG |
404A, WESTERN TOWER, SUNNY SIDE, SHAFI MOHAMMED, |
C34632992 |
|
4 |
10511711 |
05/07/2014 |
26,680,000,000.00 |
Canara Bank |
PRIME CORPORATE BRANCH, 770, ANNA SALAI, CHENNAI, |
C14161830 |
|
5 |
10505503 |
05/06/2014 |
3,000,000,000.00 |
Canara Bank |
PRIME CORPORATE BRANCH, 770, ANNA SALAI, CHENNAI, |
C08888604 |
|
6 |
10505918 |
05/06/2014 |
26,680,000,000.00 |
Canara Bank |
PRIME CORPORATE BRANCH, 770, ANNA SALAI, CHENNAI, |
C09239658 |
|
7 |
10493809 |
28/03/2014 |
1,000,000,000.00 |
Axis Bank Limited |
192, KARUMUTHU NILAYAM, ANNA SALAI, CHENNAI, Tami |
C04382909 |
|
8 |
10482229 |
10/03/2014 |
2,500,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, FIRST FLOOR, 74,
THEAGARAYA ROAD, T.NAGAR, CHENNAI, Tamil Nadu |
B98359078 |
|
9 |
10457194 |
21/10/2013 |
500,000,000.00 |
THE BANK OF NOVA SCOTIA |
CLASSIC TOWERS, 1547 TRICHY ROAD, COIMBATORE, Tam |
B88368972 |
|
10 |
10450489 |
10/09/2013 |
500,000,000.00 |
THE FEDERAL BANK LIMITED |
61 ANNA SALAI, CHENNAI, Tamil Nadu - 600002, INDIA |
B85541191 |
|
11 |
10439893 |
25/07/2013 |
1,080,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limi |
No.30 Rajaji Salai, Chennai, Tamil Nadu - 600001,INDIA |
B80803760 |
|
12 |
10438234 |
27/06/2013 |
1,000,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M |
B80199227 |
|
13 |
10438232 |
25/06/2013 |
1,000,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M |
B80198229 |
|
14 |
10429661 |
16/05/2013 |
500,000,000.00 |
THE BANK OF NOVA SCOTIA |
CLASSIC TOWERS, 1547, TRICHY ROAD, COIMBATORE, Ta |
B76552710 |
|
15 |
10410569 |
25/02/2013 |
3,000,000,000.00 |
BANK OF MAHARASHTRA |
4 SIVAGNANAM ROAD, T NAGAR, CHENNAI, Tamil Nadu - |
B70351036 |
|
16 |
10403379 |
21/01/2013 |
2,000,000,000.00 |
THE FEDERAL BANK LIMITED |
61 ANNA SALAI, CHENNAI, Tamil Nadu - 600002, INDIA |
B68272897 |
|
17 |
10398907 |
25/12/2012 |
1,500,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, 21, GOPALAKR ISHNAN STREET, T.NAGAR, CHENNAI, Tamil Nadu - 600017, INDIA |
B66445925 |
|
18 |
10393539 |
19/12/2012 |
2,000,000,000.00 |
SYNDICATE BANK |
CORPORATE FINANCE BRANCH, 1ST FLOOR, 170 ELDAMS R |
B64701667 |
|
19 |
10400935 |
03/09/2013 * |
1,000,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M |
B85722189 |
|
20 |
10309208 |
05/10/2012 * |
1,000,000,000.00 |
THE BANK OF NOVA SCOTIA |
CLASSIC TOWERS, 1547, TRICHY ROAD, COIMBATORE, Ta |
B61103602 |
|
21 |
10266825 |
11/03/2013 * |
8,324,300,000.00 |
STATE INDUSTRIES PROMOTION CORPORATION OF TAMILNAD |
19-A, RUKMANI LAKSHMIPATHY ROAD, EGMORE, CHENNAI, |
B72004351 |
|
22 |
10259009 |
19/11/2010 |
2,000,000,000.00 |
CANARA BANK |
CORPORATE SERVICE BRANCH, 770 ANNA SALAI, CHENNAI |
B01004670 |
|
23 |
10255219 |
10/11/2010 |
2,000,000,000.00 |
PUNJAB & SIND BANK |
ZONAL OFFICE, 770-A, SPENCER TOWER, FIRST FLOOR, |
B01697929 |
|
24 |
10231702 |
26/07/2010 |
500,000,000.00 |
THE BANK OF NOVA SCOTIA |
CLASSIC TOWERS, 1547, TRICHY ROAD, COIMBATORE, Ta |
A91187930 |
|
25 |
10226792 |
07/06/2010 |
1,000,000,000.00 |
BANK OF MAHARASHTRA |
4 SIVAGNANAM ROAD, T NAGAR, CHENNAI, Tamil Nadu - |
A88698592 |
|
26 |
10210970 |
08/03/2010 |
1,750,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
76 CATHEDRAL ROAD, CHENNAI, Tamil Nadu - 600086, I |
A82733767 |
|
27 |
10198205 |
27/01/2010 |
500,000,000.00 |
AXIS BANK LIMITED |
KARUMUTHU NILAYAM, 192, ANNA SALAI, CHENNAI, Tami |
A77887479 |
|
28 |
10198203 |
27/01/2010 |
1,500,000,000.00 |
AXIS BANK LIMITED |
KARUMUTHU NILAYAM, 192, ANNA SALAI, CHENNAI, Tami |
A77887180 |
|
29 |
10198260 |
18/01/2010 |
600,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A77974764 |
|
30 |
10189286 |
20/11/2009 |
600,000,000.00 |
THE BANK OF NOVA SCOTIA |
CLASSIC TOWERS, 1547, TRICHY ROAD, COIMBATORE, Ta |
A74848706 |
|
31 |
10186641 |
04/11/2009 |
1,000,000,000.00 |
INDIAN BANK |
THOUSAND LIGHTS BRANCH, "KANNAMMAI BUILDING",
611 |
A73772691 |
|
32 |
10178275 |
11/09/2009 |
600,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A70853387 |
|
33 |
10158058 |
05/07/2014 * |
35,004,300,000.00 |
Canara Bank |
PRIME CORPORATE BRANCH, 770, ANNA SALAI, CHENNAI, |
C16691560 |
|
34 |
10145246 |
25/02/2009 |
2,500,000,000.00 |
IDBI Bank Limited |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, Maha |
A57483547 |
|
35 |
10143533 |
18/02/2009 |
400,000,000.00 |
STATE BANK OF PATIALA |
30, WHITE ROAD, CHENNAI, Tamil Nadu - 600014, INDIA |
A56892433 |
|
36 |
10146630 |
16/02/2009 |
1,000,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, FIRST FLOOR, 74,
THEAGARAYA ROAD, T.NAGAR, CHENNAI, Tamil Nadu |
A57890188 |
|
37 |
10142934 |
05/01/2009 |
500,000,000.00 |
AXIS BANK LIMITED |
"KARUMUTHU NILAYAM", 192, ANNA SALAI, CHENNAI,
Ta |
A56668379 |
|
38 |
10139390 |
20/02/2014 * |
1,750,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B98856610 |
|
39 |
10127326 |
29/10/2008 |
750,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, FIRST FLOOR, 74,
THEAGARAYA ROAD, T NAGAR, CHENNAI, Tamil Nadu |
A49272230 |
|
40 |
10131147 |
23/10/2008 |
250,000,000.00 |
ING VYSYA BANK LIMITED |
185 ANNA SALAI, NEAR TVS, CHENNAI, Tamil Nadu - 6 |
A51361442 |
|
41 |
10096725 |
31/03/2008 |
2,000,000,000.00 |
PUNJAB & SIND BANK |
INTERNATIONAL BANKING DIVISION 770-A SPENCER TOWER ,
GROUND FLOOR, ANNA SALAI, CHENNAI, Tamil Nadu - |
A35843754 |
|
42 |
10074706 |
24/10/2013 * |
1,350,000,000.00 |
ICICI BANK LIMITED |
1 CENOTAPH ROAD, TEYNAMPET, CHENNAI, Tamil Nadu- 600018, INDIA |
B89534986 |
|
43 |
10042872 |
20/12/2012 * |
750,000,000.00 |
The HongKong and Shanghai Banking Corporation Limi |
No. 30 Rajaji Salai, Opp Beach Station, Chennai, |
B65664559 |
|
44 |
10032293 |
27/12/2006 |
40,000,000.00 |
STATE BANK OF HYDERABAD |
CHENNAI MAIN BRANCH, 45, SECOND LINE BEACH, CHENN |
A09197757 |
|
45 |
10022301 |
05/10/2006 |
460,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
P M TOWER 37 GREEMS ROAD, THOUSAND LIGHTS, CHENNA |
A05697404 |
|
46 |
10011118 |
21/03/2012 * |
1,500,000,000.00 |
IDBI BANK LIMITED |
115, ANNA SALAI, SAIDAPET, CHENNAI, Tamil Nadu - |
B37062189 |
|
47 |
80049384 |
04/02/2009 * |
500,000,000.00 |
STANDARD CHARTERED BANK |
19, RAJAJI SALAI, CHENNAI, Tamil Nadu - 600001, IN |
A56891146 |
|
48 |
90288720 |
18/01/2006 |
101,100,000.00 |
UTI BANK LTD. |
82, DR. RADHAKRISHNAN SALAI; MYLAPORE, CHENNAI, T |
- |
|
49 |
90291203 |
22/06/2001 * |
450,000,000.00 |
STATE BANK OF INDIA |
CHENNAI MAIN BRANCH, 22; RAJAJI SALAI, CHENNAI, T |
- |
|
50 |
90290420 |
08/04/2004 |
600,000,000.00 |
ICICI BANK LIMITED |
110; PRAKASH PRESIDIUM, NUNGAMBAKKAM, CHENNAI, Ta |
- |
|
61 |
90291176 |
07/12/1999 * |
900,000,000.00 |
CANARA BANK |
ETT SECTION; 51; STOCK EXCHANGE TOWRS, I CROSE; J |
- |
|
62 |
90288915 |
19/11/1999 * |
2,000,000.00 |
CANARA BANK |
THOUSAND LIGHTS, CHENNAI, Tamil Nadu - 600006, INDIA |
- |
|
63 |
90290156 |
12/11/1997 |
2,000,000.00 |
CANARA BANK |
THOUSAND LIGHTS, CHENNAI, Tamil Nadu - 600006, INDIA |
- |
|
64 |
90288902 |
17/03/1997 |
29,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE; 169, BACKBAY RECLAMATION, BOMBAY, Ma |
- |
|
65 |
90290141 |
18/01/1997 |
150,000,000.00 |
ANZ GRINDLAYS BANK LTD. |
19, RAJAJI SALAI, MADRAS, Tamil Nadu- 600001,INDIA |
- |
|
66 |
90291171 |
24/10/1996 * |
360,000,000.00 |
THE INDUSTRIAL FINANCE CORPORATION OF INDIA LTD. |
16, SANSAD MARG, NEW DELHI, Delhi - 110001, INDIA |
- |
|
67 |
90290133 |
14/08/1996 |
56,450,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
CORE 4A; EAST COURT; 1ST FLOOR, INDIA HABITAT CEN |
- |
|
68 |
90288886 |
19/07/1996 |
6,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE; 169, BACKBAY RECLAMATION, BOMBAY, Ma |
- |
|
69 |
90291167 |
25/03/1996 |
360,000,000.00 |
THE INDUSTRIAL FINANCE CORPORATION OF INDIA LTD. |
BANK OF BARODA BUILDING, 16; SANSAD MARG, NEW DEL |
- |
|
70 |
90290117 |
30/09/1999 * |
2,000,000,000.00 |
THE INDUSTRIAL FINANCE CORPORATION OF INDIA LTD. |
BANK OF BARODA BUILDING, 16; SANSAD MARG, NEW DEL |
- |
|
71 |
90290116 |
23/09/1995 |
270,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH; 232, N.S.C. BOSE ROAD, MADRAS, |
- |
|
72 |
90290101 |
28/02/1995 |
30,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu - 600001, INDIA |
- |
|
73 |
90290099 |
06/02/1995 |
90,000,000.00 |
ANZ BRINDLAYS BANK P.L.C. |
19, RAJAJI SALAI, MADRAS, Tamil Nadu - 600001, INDIA |
- |
|
74 |
90288855 |
17/10/1995 * |
9,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu - 600001, IN |
- |
|
75 |
90290093 |
17/10/1995 * |
108,500,000.00 |
THE INDUSTRIAL FINANCE CORPORATION OF INDIA LTD. |
BANK OF BARODA BUILDING, 16; SANSAD MARG, NEW DEL |
- |
|
76 |
90290086 |
11/10/1994 * |
48,000,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD. |
3; RING ROAD, KILOKRI; OPP. MAHARANI BAGH, NEW DE |
- |
|
77 |
90290084 |
17/10/1995 * |
48,000,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD. |
3; RING ROAD, OPP. MAHARANI BAGH, NEW DELHI, Delh |
- |
|
78 |
90290056 |
17/10/1995 * |
73,868,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu - 600001, IN |
- |
|
79 |
90290055 |
07/07/1993 |
73,868,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu - 600001, IN |
- |
|
80 |
90286842 |
22/06/2001 * |
127,500,000.00 |
STATE BANK OF INDIA |
C.A.G. BRANCH, 149; GREAMS ROAD, CHENNAI, Tamil N |
- |
|
91 |
90290029 |
27/01/1997 * |
39,500,000.00 |
STATE BANK OF INDIA |
232, N.S.C BOSE ROAD, MADRAS, Tamil Nadu - 600001 |
- |
|
92 |
90290024 |
20/02/1991 * |
4,800,000.00 |
LIFE INSURANCE CORPORATIONOF INDIA |
YOGAKSHEMA, JEEVAN BIMA MARG, BOMBAY, Maharashtra |
- |
|
93 |
90287222 |
03/01/1990 |
1,368,000.00 |
INDIA EQUIPMENT LEASING LIMITED |
NO. 21, PATULLOS ROAD, MADRAS, Tamil Nadu - 60000 |
- |
|
94 |
90290021 |
03/01/1990 |
1,368,000.00 |
INDIA EQUIPMENT LEASING LIMITED |
NO. 21, PATULLOS ROAD, MADRAS, Tamil Nadu - 60000 |
- |
|
95 |
90291154 |
03/01/1990 |
1,368,000.00 |
INDIA EQUIPMENT LEASING LIMITED |
NO. 21, PATULLOS ROAD, MADRAS, Tamil Nadu - 60000 |
- |
|
96 |
90287220 |
26/12/1989 |
3,192,000.00 |
INDIA EQUIPMENT LEASING LIMITED |
21, PATULLOS ROAD, MADRAS, Tamil Nadu - 600002, I |
- |
|
97 |
90290010 |
13/07/1992 * |
10,000,000.00 |
GRINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu - 600001, IN |
- |
|
98 |
90290009 |
19/11/1999 * |
2,500,000.00 |
STATE BANK OF BIKANER & JAIPUR |
MYLAPORE, CHENNAI, Tamil Nadu - 600004, INDIA |
- |
|
99 |
90291152 |
01/02/1989 |
282,405.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 5TH FLOOR; SAMAJIGUDA |
- |
|
100 |
90290008 |
09/01/1989 |
6,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu - 600001, IN |
- |
|
101 |
90287197 |
30/09/1988 |
1,091,368.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 6TH FLOOR; SOMAJIGUDA |
- |
|
102 |
90288786 |
30/09/1988 |
1,091,368.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 6TH FLOOR; SOMAJIGUDA |
- |
|
103 |
90291151 |
13/09/1988 |
1,574,992.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 6TH FLOOR; SOMAJIDUGA |
- |
|
104 |
90291150 |
09/09/1988 |
1,316,518.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 6TH FLOOR; SOMAJIGUDA |
- |
|
105 |
90290002 |
24/07/1989 * |
10,000,000.00 |
UNIT TRUST OF INDIA |
13; SIR VITHALDAS THACKERSEY MARG, BOMBAY, Maharas |
- |
|
106 |
90290001 |
22/04/1988 |
4,556,000.00 |
GRAINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu - 600001, IN |
- |
|
107 |
90289998 |
27/01/1988 |
10,900,000.00 |
THE INDUSTRIAL CREDIT & INVESTMENT CORPORATION
OF |
163, BACKBAY RECLAMATION, BOMBAY, Maharashtra - 4 |
- |
|
108 |
90287191 |
20/01/1988 |
12,360,426.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu - 600001, IN |
- |
|
109 |
90289997 |
20/01/1988 |
12,360,426.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu - 600001, IN |
- |
|
110 |
90289996 |
11/01/1988 |
10,366,000.00 |
GRINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu - 600001, IN |
- |
|
111 |
90289990 |
09/01/1991 * |
13,500,000.00 |
THE INDUSTRIAL CREDIT & INVESTMENT CORPORATIONOF
I |
163, BACKBAY RECLAMATION, BOMBAY, Maharashtra - 4 |
- |
|
112 |
90289989 |
23/10/1987 |
8,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG, NEW DEL |
- |
|
113 |
90289987 |
27/08/1987 |
2,077,000.00 |
GRAINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu - 600001, IN |
- |
|
114 |
90286821 |
16/04/1987 |
400,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATIONLTD. |
169, BACKBAY RECLAMATION, BOMBAY, Maharashtra - 4 |
- |
|
115 |
90287175 |
26/01/1987 |
10,000,000.00 |
INDIAN BANK |
31, RAJAJI SALAI, MADRAS, Tamil Nadu - 600001, IN |
- |
|
116 |
90291148 |
09/12/1987 * |
10,000,000.00 |
INDIAN BANK |
31, RAJAJI SALAI, MADRAS, Tamil Nadu - 600001, IN |
- |
|
117 |
90286820 |
05/12/1986 |
6,150,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LTD. |
163, BACKBAY RECLAMATION, BOMBAY, Maharashtra - 4 |
- |
|
118 |
90289979 |
16/01/1987 * |
20,000,000.00 |
GENERAL INSURANCE CORPORATION OF INDIA |
INDUSTRIAL ASSURANCE BUILDING, CHURCHGATE, BOMBAY |
- |
|
119 |
90289978 |
24/10/1996 * |
50,000,000.00 |
UNIT TRUST OF INDIA |
13; SIR VITHALDAS THACKERSEY MARG, NEW MARINE LIN |
- |
|
120 |
90289977 |
16/01/1987 * |
10,000,000.00 |
STATE BANK OF HYDERABAD |
JAGGAYYAPET BRANCH, KRISHNA, Andhra Pradesh - 5211 |
- |
|
121 |
90289976 |
10/09/1986 |
2,524,000.00 |
GRINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu - 600001, IN |
- |
|
122 |
90289975 |
17/03/1990 * |
40,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu - 600001, IN |
- |
|
123 |
90289974 |
15/06/1989 * |
300,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING; 16, SANSAD MARG, NEW DEL |
- |
|
124 |
90289973 |
25/06/1992 * |
20,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
96; KOTCHERY ROAD, MYLAPORE, MADRAS, Tamil Nadu - |
- |
|
125 |
90289967 |
04/09/1987 * |
10,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu - 600001, IN |
- |
|
126 |
90286818 |
16/01/1987 * |
58,500,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
NARIMAN BHAVAN; 227, V. K. SHAH MARG; NARIMAN POI |
- |
|
127 |
90289965 |
18/06/1985 |
45,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG, NEW DEL |
- |
|
128 |
90289964 |
15/06/1987 * |
10,000,000.00 |
GRINDLAYS BANK P. L. C. |
19, RAJAJI SALAI, MADRAS, Tamil Nadu - 600001, IN |
- |
|
129 |
90289957 |
16/01/1987 * |
11,600,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BAROAD BUILDING, 16; SANSAD MARG, NEW DEL |
- |
|
130 |
90289956 |
23/09/1985 * |
2,900,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG, NEW DEL |
- |
|
131 |
90289954 |
18/08/1981 |
2,900,000.00 |
THE INDUSTRIAL CREDIT & INVESTMENT CORPORATION
OF |
163, BACKBAY RECLAMATION, BOMBAY, Maharashtra - 4 |
- |
|
132 |
90289953 |
01/08/1981 |
3,000,000.00 |
INDIAN BANK |
NO. 31, RAJAJI ROAD, MADRAS, Tamil Nadu - 600001, |
- |
|
133 |
90289952 |
29/06/1981 |
2,900,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG, NEW DEL |
- |
|
134 |
90289948 |
29/01/1981 |
5,800,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
227; VINAY K. SHAH MARG, NARIMAN POINT, BOMBAY, M |
- |
|
135 |
90286814 |
16/01/1987 * |
58,500,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
NARIMAN BHAVAN; 227, V. K. SHAH MARG; NARIMAN POI |
- |
|
136 |
90289941 |
21/12/1978 |
1,500,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
JOLLY MAKER CHAMBERS NO. 1; 227, BACKBAY RECLAMAT |
- |
|
137 |
90289940 |
18/11/1978 |
750,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; PARLIAMENT STREET, N |
- |
|
138 |
90286810 |
16/01/1987 * |
12,500,000.00 |
LIFE INSURANCE CORPORATION OF INDIA |
YOGAKSHEMA, JEEVAN BIMA MARG, BOMBAY, Maharashtra |
- |
|
139 |
90289937 |
10/12/1976 |
3,800,000.00 |
INDIAN BANK |
17, NORTH BEACH ROAD, MADRAS, Tamil Nadu - 600001 |
- |
|
140 |
90286807 |
10/12/1976 |
5,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; PARLIAMENT STREET, N |
- |
|
141 |
90291143 |
31/03/1975 |
2,000,000.00 |
THE INDIAN BANK |
MADRAS, MADRAS, Tamil Nadu, INDIA |
- |
|
142 |
90286803 |
31/03/1984 * |
2,200,000.00 |
THE VYSYA BANK LTD. |
185, MOUNT ROAD, MADRAS, Tamil Nadu - 600006, IND |
- |
|
143 |
90289933 |
16/01/1987 * |
20,000,000.00 |
INDIAN BANK |
31; RAJAJI SALAI, OLD - 17 NORTH BEACH ROAD, MADR |
- |
|
144 |
90289928 |
23/09/1988 * |
16,000,000.00 |
INDIAN BANK |
RAMASAMYRAJA NAGAR, RAMASAMYRAJA NAGAR, Tamil Nadu |
- |
* Date of charge modification
CORPORATE INFORMATION
The Ramco Cements Limited, formerly known as Madras Cements Ltd, is a public limited company domiciled and
headquartered in India and incorporated under the provisions of Companies Act. Its shares are listed in Madras
Stock Exchange Limited, Bombay Stock Exchange Limited, and National Stock Exchange of India Limited. The
Company is engaged in manufacturing of Cement, Ready-mix concrete and Dry Mortar products. The company
caters mainly to the domestic markets. The company is also engaged in sale of surplus electricity generated
from its windmills and thermal power plants after meeting its captive requirements.
TURNOVER AND
PROFITABILITY
The total revenue for the year (Net of Excise Duty and VAT) was Rs.37690.000 Millions as against Rs.38730.000 Millions of the previous year.
The operating profit and net profit for the year were Rs.6487.600 Millions and Rs.1377.000 Millions as against Rs.10473.000 Millions and Rs.4036.500 Millions respectively of the previous year.
As already explained, the reduction in realisation and the increase in costs have contributed to the steep fall in profits for the year, compared to the previous year.
NEW PROJECTS
In the Directors’ Report for the year ended 31-03-2013, it was informed about the Company’s proposal to establish its 4th grinding unit at Vizag with a capacity to grind 1 Million Tonnes Per Annum, at a cost of Rs.3600.000 Millions. The establishment of the grinding unit is under way.
During the month of October 2013, there was incessant rains due to Phailin Cyclone that attacked North Coastal Andhra Pradesh and Odisha State, which hampered the construction activities for a period of nearly 50 days.
However, by increasing the efforts and by mobilising additional resources, we are planning to commission the grinding unit in the second quarter of 2014-15 as originally informed in the Directors’ Report for the year ended 31-03-2013.
Commissioning of the Grinding Unit at Vizag would help the Company in increasing its market share in the Vizag Region and also in the States of Odisha and Chattisgarh.
POWER PLANTS
In the Directors’ Report for the year ended 31-03-2013, it was informed about the proposal to enhance the capacity of the thermal power plants at Alathiyur, Ariyalur and Jayanthipuram by adding 1 turbine each of 6 MW capacity at a total cost of Rs.550.000 Millions. Orders have been placed for Alathiyur and Ariyalur and the works have started. The projects would be commissioned in the 3rd quarter of the current year.
The enhancement of capacity of the thermal power plant at Jayanthipuram is yet to commence. The existing thermal power plants were operated in optimal manner to meet the power requirements of the cement plants and the surplus power was sold to HT consumers / State Electricity Board.
FUTURE OUTLOOK
Consequent to the completion of the general elections and assumption of the new Government at the Centre, the
economic activities which had slowed down during the election period is expected to pick up. The new Government’s economic policies are expected to give a big push and the Indian Economy is expected to record a GDP growth of 5.4% to 5.7% in the current year. The infrastructure activities are expected to enthuse the construction activities thereby positively impacting the demand for cement. As all our plants are fully equipped with railway siding, stand-by power back up facility and are supported with grinding units, our Company will be able to take full advantage of the economic momentum in the coming years.
AWARDS
The Company’s Units secured many Awards during the year in Mines Safety, Mines Environment & Mineral Conservation and Quality Circles.
The Alathiyur unit has been awarded as an Excellent Energy Efficient Unit with a shield and certificate of merit by
Confederation of Indian Industry. This is the 10th time, the unit is getting such an award.
The Alathiyur Unit had won the following awards at the 13th International Seminar conducted by National Council for Cement and Building Materials:
* Best Improvement in Energy Performance in Manufacture of Blended Cements for 2011-12.
* Second Best Environmental Excellence in Plant Operation for 2011-12.
* Best Environmental Excellence in Limestone Mines for 2011-12.
* Second Best Environmental Excellence in Limestone Mines for 2012-13.
UN UN-AUDITED
FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30-9-2013
Rs. In Millions
|
Part I |
Particulars |
Quarter ended |
Half Year ended |
|
|
|
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|
1 |
Income
from Operations |
|
|
|
|
|
(a) Net Sales / Income from
Operations (Net of Excise duty) |
9220.800 |
9242.600 |
18463.400 |
|
|
(b) Other Operating Income |
293.500 |
348.900 |
642.400 |
|
|
Total
Income from operations (Net) |
9514.300 |
9591.500 |
19105.800 |
|
2 |
Expenses
|
|
|
|
|
|
(a) Cost of Materials Consumed |
1398.200 |
1407.800 |
2806.000 |
|
|
Inter Unit Clinker transfer –
Freight and Handling |
307.100 |
457.400 |
764.500 |
|
|
(b) Change in Inventories of Finished
goods, work in progress and Stock-ln Trade |
(70.500) |
51.500 |
(19.000) |
|
|
(c) Employee Benefits Expenses |
534.200 |
583.100 |
1117.300 |
|
|
(d) Depreciation and Amortisation Expenses |
623.900 |
626.800 |
1250.700 |
|
|
(e) Transportation &
Handling |
2027.300 |
2142.600 |
4169.900 |
|
|
(f) Power & Fuel |
1851.900 |
1978.000 |
3829.900 |
|
|
(g) Other expenditure |
1302.700 |
1257.100 |
2559.800 |
|
|
Total
Expenses |
7974.800 |
8504.300 |
16479.100 |
|
3 |
Profit from
Operations before Other Income, Finance cost and Exceptional Items (1 -2) |
1539.500 |
1087.200 |
2626.700 |
|
4 |
Other Income |
24.000 |
18.300 |
42.300 |
|
5 |
Profit from ordinary
activities before Finance cost and Exceptional Items (3 + 4) |
1563.500 |
1105.500 |
2669.000 |
|
6 |
Finance cost |
479.900 |
500.100 |
980.000 |
|
7 |
Profit from ordinary
activities after Finance costs but before Exceptional Items (5 - 6) |
1083.600 |
605.400 |
1689.000 |
|
8 |
Exceptional Items |
-- |
-- |
-- |
|
9 |
Profit
from ordinary activities before tax (7 - 8) |
1083.600 |
605.400 |
1689.000 |
|
10 |
Tax Expenses |
|
|
|
|
|
Current Tax |
227.100 |
126.900 |
354.000 |
|
|
Deferred Tax |
136.800 |
242.800 |
379.600 |
|
|
MAT credit entitlement |
(177.400) |
(126.900
) |
(304.300) |
|
11 |
Net
Profit from ordinary activities after tax {9 -10) |
897.100 |
362.600 |
-- |
|
12 |
Extraordinary items (Net of tax
expenses) |
-- |
-- |
|
|
13 |
Net
Profit for the period (11 -12) |
897.100 |
362.600 |
1259.700 |
|
14 |
Paid-up Equity
hare Capital Face value of a share Re.1/-) |
238.000 |
238.000 |
238.000 |
|
15 |
Reserves
excluding Revaluation Reserves |
|
|
|
|
16 |
Basic
& Diluted earnings per share of Re.1/- each (Rs.) |
4 |
2 |
5 |
|
|
|
|
|
|
|
(A) |
PARTICULARS
OF SHARE HOLDING |
|
|
|
|
1 |
Public shareholding |
|
|
|
|
|
Number of shares |
137265820 |
137265820 |
137265820 |
|
|
Percentage of shareholding |
58 |
58 |
58 |
|
2 |
Promoters and Promoter Group Shareholding |
|
|
|
|
|
a) Pledged / Encumbered |
|
|
|
|
|
-No. of shares |
3624000 |
3624000 |
3624000 |
|
|
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
4 |
4 |
4 |
|
|
Percentage of shares (as a % of the total share capital of the company) |
2 |
2 |
2 |
|
|
b) Non-encumbered |
|
|
|
|
|
-No. of shares |
97079560 |
97079560 |
97079560 |
|
|
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
96 |
96 |
96 |
|
|
-Percentage of shares (as a % of the total share capital of the company) |
40 |
40 |
40 |
|
(B) INVESTOR
COMPLIANTS |
30.09.2014 |
|
Pending at the beginning of the quarter |
Nil |
|
Received during the quarter |
Nil |
|
Disposed of during the quarter |
Nil |
|
Remaining unresloved at the end of the quarter |
Nil |
SEGMENT WISE REVENUE,
RESULTS AND CAPITAL EMPLOYED
|
|
Particulars |
Quarter ended |
Half Year ended |
|
|
|
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|
1 |
Segment Revenue |
|
|
|
|
|
Cement |
9208.600 |
9359.900 |
18568.500 |
|
|
Windmills |
370.300 |
265.800 |
636.100 |
|
|
Less: Inter Segment
Revenue |
9578.900 |
9625.700 |
19204.600 |
|
|
Total Income from
operations (Net) |
64.600 |
34.200 |
98.800 |
|
2 |
Segment Results
before tax and interest |
|
|
|
|
|
Cement |
1423.300 |
1043.400 |
2466.700 |
|
|
Windmills |
255.000 |
141.200 |
396.200 |
|
|
|
1678.300 |
1184.600 |
2862.900 |
|
|
Less: (i) Interest |
479.900 |
500.100 |
980.000 |
|
|
(II) Unallocable expenditure net of unallocable income |
114.800 |
79.100 |
152.800 |
|
|
Net Profit from
ordinary activities before tax |
1083.600 |
605.400 |
1689.000 |
|
3 |
Capital Employed |
|
|
|
|
|
Cement |
45857.200 |
44799.300 |
45857.200 |
|
|
Windmills |
5418.500 |
5525.000 |
5418.500 |
|
|
Unallocated |
-25437.100 |
25485.900 |
25437.100 |
|
|
Total |
25838.600 |
24838.400 |
25838.600 |
STATEMENT OF ASSETS
AND LIABILITIES
Rs. In Millions
|
Particular |
30.09.2013 (Un-Audited) |
|
|
|
|
EQUITY AND
LIABILITIES |
|
|
(1)Shareholders'
Funds |
|
|
(a) Share Capital |
238.000 |
|
(b) Reserves & Surplus |
25600.600 |
|
|
25838.600 |
|
|
|
|
(2) Non-Current
Liabilities |
|
|
(a) long-term borrowings |
16802.100 |
|
(b) Deferred tax liabilities (Net) |
7635.900 |
|
(c) Other long term
liabilities |
3675.700 |
|
(d) long-term
provisions |
587.800 |
|
|
28701.500 |
|
|
|
|
(3) Current Liabilities |
|
|
(a) Short
term borrowings |
5028.200 |
|
(b) Trade
payables |
2382.600 |
|
(c) Other
current liabilities |
8355.500 |
|
(d) Short-term
provisions |
407.400 |
|
|
16173.700 |
|
|
|
|
Total Equity
and Liabilities |
70713.800 |
|
|
|
|
ASSETS |
|
|
(1) Non-current assets |
|
|
(a) Fixed
Assets |
50963.700 |
|
(b) Non-current Investments |
3336.900 |
|
(c) Long-term Loan and Advances |
4036.900 |
|
(d) Other
Non-current assets |
15.700 |
|
|
58353.200 |
|
|
|
|
(2) Current assets |
|
|
(a)
Inventories |
6322.500 |
|
(b) Trade
receivables |
3771.600 |
|
(c) Cash
and cash equivalents |
296.400 |
|
(d)
Short-term loans and advances |
1840.300 |
|
(e) Other
current assets |
129.800 |
|
|
12360.600 |
|
|
|
|
Total
Assets |
70713.800 |
FIXED ASSETS
œ
Land
œ
Leasehold Land
œ
Buildings
œ
Plant and Machinery
œ
Railway Siding
œ
Workshop, Quarry Equipments etc.
œ
R and D Equipments
œ
Furniture and Office Equipments
œ
Vehicles
œ
Aircraft
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime : Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.46 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.77.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
Yes |
|
--LITIGATION |
YES/NO |
Yes |
|
--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 |
|
66 |
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.