MIRA
INFORM REPORT
|
Report Date : |
27.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RECKITT BENCKISER ( |
|
|
|
|
Formerly Known
As : |
RECKITT AND COLMAN OF INDIA LIMITED |
|
|
|
|
Registered
Office : |
227, Okhla Industrial
Estate, Phase – III, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.07.1951 |
|
|
|
|
Com. Reg. No.: |
55-127062 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.258.725 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL1951PLC127062 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKR01561A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR2655Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, seller and exporter of
drugs and medicines, such as bulk drugs in the form of liquids, ointments, and
tablets; denture products; food products, including tea, cashew kernels, and
mushrooms; laundry products; household products; aromatic chemicals; and
toiletries. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 43799000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. There seems some dip in the profits of the company during financial
year 2013. However, financial position of the company is good. Financially,
the company seems to be strong. Liquidity position of the company is good. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under control,
said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up
from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013. Pakistan
has temporarily banned gold imports for the second time in six months, as it
tries to stem smuggling into India. India’s import duty on gold is 10 % and
curbs on purchases have dried up legal imports into what used to be the world’s
biggest bullion buyers. The World Gold Council puts the amount smuggled into
India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed that
unclaimed bank deposits estimated to be about Rs 35000 mn be used for education
and awareness among depositors. According to the plan, deposits that have
not been claimed for at least 10 years will be transferred to the scheme.
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
31-03-2012.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE (91-11-41609300)
LOCATIONS
|
Registered Office : |
227, Okhla
Industrial Estate, Phase – III, |
|
Tel. No.: |
91-11-41609300 |
|
Fax No.: |
91-11-26323617 |
|
E-Mail : |
surrender-sharma@reckittbenckister.com rajeshk.jha@reckittbenckiser.com
prasad.neginhal@reckittbenckiser.com
|
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Enkay Centre, 2nd Floor, Vanijya Nikunj, Udyog Vihar,
Phase V, Gurgaon -122016, |
|
Tel. No.: |
91-124-2398200/2398209 |
|
Fax No.: |
91-124-2398230/2398231/2398232 |
|
|
|
|
Factory 1 : |
25, Ho Chi Minh Sarani, Behala, Kolkata - 700 061, West |
|
Tel. No.: |
91-33-2493 4079 / 4717 |
|
Fax No.: |
91-33-2493 3529 |
|
|
|
|
Factory 2 : |
20/1, |
|
Tel. No.: |
91-33-2479 8361 /
8362 |
|
|
|
|
Factory 3 : |
P. O. Kalla, |
|
Tel. No.: |
91-341-2202521 / 2204683 |
|
Fax No.: |
91-341-2209788 |
|
|
|
|
Factory 4 : |
61-62, Hootagalli Estate, |
|
Tel. No.: |
91-821-2402509 /
2402520 |
|
Fax No.: |
91-821-2402758 |
|
|
|
|
Factory 5 : |
Plot No. 176, SIPCOT Hosur Industrial Area, Hosur - 635
126, |
|
Tel. No.: |
91-4344-276661 / 276490 |
|
Fax No.: |
91-4344-276662 / 277205 |
|
|
|
|
Factory 6 : |
B-4/10, |
|
Tel. No.: |
91-11-23272121 |
|
Fax No.: |
91-11-23281662 |
|
|
|
|
Factory 7 : |
Mahalaxmi Chambers, 29, |
|
Tel. No.: |
91-80-25584614 |
|
Fax No.: |
91-80-25584738 |
|
|
|
|
Factory 8 : |
107-111, Nirman Kendra, 1st Floor, Dr. E. Mosses Road, Near Famous Studio, Mahalaxmi, Mumbai – 400 011, Maharashtra, India |
|
Tel. No.: |
91-22-24965840 |
|
Fax No.: |
91-22-24980801 |
|
|
|
|
Factory 9 : |
41, |
|
Tel. No.: |
91-33-22886850 |
|
Fax No.: |
91-33-22888085 |
|
|
|
|
Factory 10: |
Plot No.48, Institutional Area, Sector 32, Gurgaon –
122001, |
|
Tel. No.: |
91-124-4028000 / 3319000 |
|
Fax No.: |
91-124-4340110 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Chandra Mohan Shethi |
|
Designation : |
Whole-time director |
|
Address : |
302 B Court Greens, Laburnum Condominium Complex, Sushant Lok – 1,
Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
08.03.1949 |
|
Qualification : |
MBA |
|
Experiences : |
41 Years |
|
Date of Appointment : |
15.11.2012 |
|
PAN No.: |
AOKPS9522H |
|
DIN No. : |
00319297 |
|
|
|
|
Name : |
Mr. Jose Joaquin Gonzalez |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Bernat Disclot, 18 Casa 08190, Sant Cugat, Barcelona, Spain |
|
Date of Birth/Age : |
01.08.1955 |
|
Date of Appointment : |
17.12.2008 |
|
DIN No. : |
02466459 |
|
|
|
|
Name : |
Ms. Ariadna Granena Aracil |
|
Designation : |
Alternate director |
|
Address : |
Calle Carme Karr, 14 Bajo 4 Bracelona 08034, Spain |
|
Date of Birth/Age : |
23.06.1974 |
|
Date of Appointment : |
26.04.2010 |
|
DIN No. : |
02773538 |
|
|
|
|
Name : |
Mr. Parag Agarwal |
|
Designation : |
Director |
|
Address : |
Apartment IB, Tower TG -6, Orchid Garden, Sun City, Sector – 54,
Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
19.02.1966 |
|
Qualification : |
CA and Company Secretary |
|
Experiences : |
25 Years |
|
Date of Appointment : |
26.04.2010 |
|
PAN No.: |
AABPA3067G |
|
DIN No. : |
2954487 |
|
|
|
|
Name : |
Mr. Gopal Mishra |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 7A, Anand Bhuwan, Parsi Colony, Dadar, Mumbai – 400014,
Maharashtra, India |
|
Date of Birth/Age : |
28.01.1972 |
|
Qualification : |
MBA |
|
Experiences : |
18 Years |
|
Date of Appointment : |
15.11.2012 |
|
PAN No.: |
ABLPM7766R |
|
DIN No. : |
06418731 |
|
|
|
|
Name : |
Mr. Akhil Chandra |
|
Designation : |
Managing director |
|
Address : |
J9 14 DLF, Qutub Enclave, Phase-II, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
15.08.1964 |
|
Qualification : |
MBA |
|
Experiences : |
25 Years |
|
Date of Appointment : |
15.11.2012 |
|
PAN No.: |
AADPC3973D |
|
DIN No. : |
06418791 |
|
|
|
|
Name : |
Mr. Pradeep Krishnamurthi |
|
Designation : |
Whole-time Director |
|
Address : |
C-602, Saransh Apartment, 34 I P Extension, Patparganj, Delhi –
110092, India |
|
Date of Birth/Age : |
18.09.1974 |
|
Date of Appointment : |
06.02.2013 |
|
PAN No.: |
AKSPK2849K |
|
DIN No. : |
06489227 |
KEY EXECUTIVES
|
Name : |
Mr. Manoj Singh Birsht |
|
Designation : |
Secretary |
|
Address : |
20B, JANTA Flats, Vasant Enclave, |
|
Date of Birth/Age : |
06.01.1988 |
|
Date of Appointment : |
04.04.2012 |
|
PAN No.: |
ALTPB3904E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Reckitt Banckiser PLC, U.K |
10725120 |
41.45 |
|
Reckitt Benckiser PLC, U.K |
6060601 |
23.42 |
|
Lancaster Square Holdings SL, Spain |
2393185 |
9.25 |
|
Chandar Mohan Shethi |
1 |
0.00 |
|
Rajesh Kumar Jha |
1 |
0.00 |
|
Sarita William |
1 |
0.00 |
|
Ajay Thukral |
1 |
0.00 |
|
R and C Nomimee Limited (Beneficial Owner Reckitt
Benckiser PLC), U.K |
1 |
0.00 |
|
Lancaster Square Holdings SL, Spain |
6693556 |
25.87 |
|
Total |
25,872,467 |
100.00 |
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%20LIMITED%20-%20254807%2027-Feb-2014_files/image004.gif){kind=small}
%20LIMITED%20-%20254807%2027-Feb-2014_files/image006.gif)
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, seller and exporter of
drugs and medicines, such as bulk drugs in the form of liquids, ointments,
and tablets; denture products; food products, including tea, cashew kernels, and
mushrooms; laundry products; household products; aromatic chemicals; and
toiletries. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Available |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Water House Chartered Accountants |
|
Address : |
Building 8, 7th
and 8th Floor Tower B, DLF Cyber City, Gurgaon - 122002, Haryana,
India |
|
PAN
No. : |
AAFFP3698A |
|
|
|
|
Holding Company
: |
¨ Reckitt
Benckiser plc, UK |
|
|
|
|
Subsidiary
Company : |
¨ Reckitt Piramal
Private Limited |
|
|
|
|
Fellow
Subsidiaries : |
¨ Lancaster Square
Holdings SL ¨ Reckitt
Benckiser Corporate Services Limited, UK ¨ Reckitt &
Colman (Overseas) Limited., UK ¨ Reckitt
Benckiser Healthcare (UK) Ltd ¨ Reckitt
Benckiser (Bangladesh) Limited ¨ Reckitt
Benckiser (Lanka) Limited ¨ Reckitt Benckiser
LLC, USA (formerly known as Reckitt Benckiser Inc, USA) ¨ Reckitt
Benckiser Pakistan Limited ¨ Reckitt
Benckiser N.V., Netherland ¨ PT. Reckitt
Benckiser Indonesia ¨ Benckiser
Produktions GmbH Ladenburg, Germany ¨ Reckitt
Benckiser (Singapore) Pte Limited ¨ Reckitt
Benckiser France SAS ¨ Reckitt
Benckiser Household Products (China) Company Limited ¨ Reckitt
Benckiser Arabia FZE, UAE. ¨ Reckitt
Benckiser Hungary Kft ¨ Reckitt
Benckiser Nigeria Limited ¨ Reckitt
Benckiser Australia Pty Limited ¨ Reckitt
Benckiser (Malaysia) Sdn Bhd ¨ Reckitt
Benckiser South Africa (Pty) Limited ¨ Reckitt
Benckiser (ENA) B.V. ¨ Reckitt
Benckiser Production (Poland) Sp. z o.o. ¨ Oxy Reckitt
Benckiser Korea ¨ Qingdao New
Bridge Corporate Management Consulting Company Limited - China (SSL) ¨ Reckitt Benckiser
(Brands) Limited ¨ Reckitt
Benckiser Healthcare India Limited (formerly known as Paras Pharmaceuticals
Limited) ¨ Reckitt
Benckiser LLC Russia ¨ Reckitt
Benckiser (Canada) Inc ¨ Reckitt
Benckiser Healthcare Manufacturing (Thailand) Limited ¨ Reckitt Benckiser
Italia SpA ¨ Reckitt
Benckiser Arabia-Kenya ¨ Reckitt
Benckiser Scholl India Limited ¨ SSL
Manufacturing (Thailand) Limited ¨ Reckitt
Benckiser (Philippines) Inc. ¨ Reckitt
Benckiser Hong Kong Limited ¨ Reckitt
Benckiser Investment India Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs.350.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25872467 |
Equity Shares |
Rs.10/- each |
Rs.258.725 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 (12 Months) |
31.03.2012 (15 Months) |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
258.725 |
258.725 |
|
(b) Reserves & Surplus |
|
10691.062 |
6362.452 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
10949.787 |
6621.177 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
523.456 |
543.891 |
|
Total
Non-current Liabilities (3) |
|
523.456 |
543.891 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
5794.959 |
4957.542 |
|
(c) Other current liabilities |
|
804.342 |
640.036 |
|
(d) Short-term provisions |
|
150.379 |
203.055 |
|
Total
Current Liabilities (4) |
|
6749.680 |
5800.633 |
|
|
|
|
|
|
TOTAL |
|
18222.923 |
12965.701 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2235.933 |
1979.657 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
241.242 |
227.760 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
7377.919 |
0.000 |
|
(c) Deferred tax assets (net) |
|
187.029 |
191.983 |
|
(d) Long-term Loan
and Advances |
|
335.131 |
274.249 |
|
(e) Other Non-current assets |
|
3.256 |
3.169 |
|
Total
Non-Current Assets |
|
10380.510 |
2676.818 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
3027.354 |
3654.114 |
|
(c) Trade receivables |
|
1057.051 |
885.249 |
|
(d) Cash and cash equivalents |
|
2803.026 |
5219.454 |
|
(e) Short-term loans and advances |
|
933.173 |
499.320 |
|
(f) Other current assets |
|
21.809 |
30.746 |
|
Total
Current Assets |
|
7842.413 |
10288.883 |
|
|
|
|
|
|
TOTAL |
|
18222.923 |
12965.701 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 (12 Months) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
262.796 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1437.815 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1700.611 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1700.611 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1677.912 |
|
|
Capital work-in-progress |
|
|
284.240 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
208.173 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2254.492
|
|
|
Sundry Debtors |
|
|
353.651
|
|
|
Cash & Bank Balances |
|
|
1562.261
|
|
|
Other Current Assets |
|
|
12.782
|
|
|
Loans & Advances |
|
|
566.084
|
|
Total
Current Assets |
|
|
4749.270 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
44.918 |
|
|
Other Current Liabilities |
|
|
4062.503 |
|
|
Provisions |
|
|
1111.563 |
|
Total
Current Liabilities |
|
|
5218.984 |
|
|
Net Current Assets |
|
|
(469.714) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1700.611 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 (12 Months) |
31.03.2012 (15 Months) |
31.12.2010 (12 Months) |
|
|
|
SALES |
|
|
|
|
|
|
Income |
35938.710 |
34934.983 |
21657.802 |
|
|
|
Other Income |
926.450 |
1229.517 |
361.377 |
|
|
|
TOTAL (A) |
36865.160 |
36164.500 |
22019.179 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Cost of Materials Consumed |
12446.202 |
|
|
|
|
|
Purchases of Stock-in-Trade |
6945.183 |
7922.830 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
Stock-in-Trade |
543.042 |
(1197.804) |
|
|
|
|
Employees benefits expense |
1634.753 |
1377.419 |
|
|
|
|
Other expenses |
8974.512 |
8650.069 |
|
|
|
|
TOTAL (B) |
30543.692 |
29008.689 |
18325.874 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
6321.468 |
7155.811 |
3693.305 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6321.468 |
7155.811 |
3693.305 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
376.010 |
390.199 |
382.862 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
5945.458 |
6765.612 |
4076.167 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1316.151 |
1382.589 |
690.462 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
4629.307 |
5383.023 |
3385.705 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5333.790 |
14.531 |
0.373 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.000 |
338.571 |
|
|
|
Interim Dividend |
NA |
0.000 |
2365.165 |
|
|
|
Final Dividend |
|
0.000 |
236.517 |
|
|
|
Tax on Dividend |
NA |
63.764 |
431.294 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
5333.790 |
14.531 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
177.448 |
NA |
25.443 |
|
|
TOTAL EARNINGS |
177.448 |
NA |
25.443 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
384.411 |
|
|
|
Capital Goods |
NA |
NA |
1.816 |
|
|
TOTAL IMPORTS |
NA |
NA |
386.227 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
178.93 |
205.19 |
128.83 |
|
%20LIMITED%20-%20254807%2027-Feb-2014_files/image007.gif){kind=small}
%20LIMITED%20-%20254807%2027-Feb-2014_files/image008.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 (12 Months) |
31.03.2012 (15 Months) |
31.12.2010 (12 Months) |
|
PAT / Total Income |
(%) |
12.56
|
14.88 |
15.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
16.54
|
19.37 |
18.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
57.08
|
65.76 |
63.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.54
|
1.02 |
2.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
1.77 |
0.91 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 (15 Months) |
31.03.2013 (12 Months) |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
258.725 |
258.725 |
|
Reserves & Surplus |
6362.452 |
10691.062 |
|
Net
worth |
6,621.177 |
10,949.787 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
%20LIMITED%20-%20254807%2027-Feb-2014_files/image010.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 (12 Months) |
31.03.2012 (15 Months) |
31.03.2013 (12 Months) |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
21657.802 |
34934.983 |
35938.710 |
|
|
|
61.304 |
2.873 |
%20LIMITED%20-%20254807%2027-Feb-2014_files/image012.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 (12 Months) |
31.03.2012 (15 Months) |
31.03.2013 (12 Months) |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
21657.802 |
34934.983 |
35938.710 |
|
Profit |
3385.705 |
5383.023 |
4629.307 |
|
|
15.63% |
15.41% |
12.88% |
%20LIMITED%20-%20254807%2027-Feb-2014_files/image014.gif)
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 |
No |
|
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 |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
No |
INDEX OF CHARGES
No Charges Exist for Company
PERFORMANCE
The trend of
delivering consistent growth continues. The net revenue from operations of the
Company for the 12 month period ended 31st March 2013 stood at
Rs.35938.710 millions. The profits have increased at a good rate as compared to
the previous year. The profit before tax for the year 2012-13 stood at Rs.
5945.457 millions and the profit after tax was Rs.4629.305 millions.
FIXED ASSETS
¨
Land
¨
Buildings
¨
Plant and equipment
¨
Furniture and fixtures
¨
Vehicles
¨
Office equipment
¨
Leasehold improvements
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 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.61.94 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
60 |
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.