MIRA
INFORM REPORT
|
Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
THE RAMCO CEMENTS LIMITED (w.e.f 30.09.2013) |
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Formerly Known
As : |
MADRAS CEMENTS LIMITED (13.06.2000) CHENNAI PRTROLEUM CORPORATION LIMITED |
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Registered
Office : |
Ramamandiram, Virudhunagar District Rajapalayam - 626117,
Tamilnadu |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
03.07.1957 |
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Com. Reg. No.: |
003566 |
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Capital
Investment / Paid-up Capital : |
Rs. 238.000 Millions |
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CIN No.: [Company Identification
No.] |
L26941TN1957PLC003566 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEM07222F/ MRIM00576C |
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PAN No.: [Permanent Account No.] |
AABCM8375L |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchange. |
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Line of Business
: |
Manufacture and |
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No. of Employees
: |
2787 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
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 94830000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well established and a reputed company having fine track
record. Financials position of the company appears to be sound. Directors are
reported to be experienced and respectable businessmen. 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 under
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million worth
of mobile-phone-based transactions by July 2013 compared to Rs.260 million in
September, 2012, according to Deloitte report. The number of transactions has
shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loan facilities= A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
November, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund = A1+ |
|
Rating Explanation |
Very strong degree safety and lowest credit risk |
|
Date |
November, 2013 |
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.
LOCATIONS
|
Registered Office : |
Ramamandiram, Virudhu Nagar, District Rajapalayam – 626117, |
|
Email : |
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Website : |
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Corporate Office : |
Auras Corporate Centre, 98-A, Dr. |
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Tel. No.: |
91-44-28478666/ 28478656/ 28555815 |
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Fax No.: |
91-44-28478676/ 28530248 |
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Factory : |
CEMENT PLANT · Ramasamy Raja Nagar, Virudhunagar District - 626 204, Tamilnadu, India · Alathiyur, Cement Nagar, Ariyalur District - 621 730, Tamilnadu, India · Govindapuram Village, Ariyalur District - 621 713, Tamilnadu, India · Jayanthipuram, Kumarasamyraja Nagar, Krishna District - 521 457, Andhra Pradesh, India · Mathodu, Hosadurga, Chitradurga District - 577 533, Karnataka, India GRINDING
PLANTS ·
Kattuputhur Village, Uthiramerur,
Kancheepuram District – 603107, Tamilnadu, India ·
Singhipuram Village, Valapady Salem
District – 636115, Tamilnadu, India ·
Kolaghat, Purba Medinipur District -
721135, West Bengal, India PACKING
PLANTS ·
Kumarapuram, Aralvaimozhi,
Kanyakumari District - 629301, Tamilnadu, India ·
Pochampally Road, Malkapur, Nalgonda
District - 508252, Andhra Pradesh, India READY
MIX CONCRETE PLANT ·
Medavakkam - DRY MOTOR
DIVISION ·
F-14, SIPCOT Industrial Park, Sriperumbudur,
Kanchipuram District – 602106, Tamilnadu, India RAMCO WIND FARM
DIVISION ·
Muppandal, Poolavadi, Thandayarkulam, Veeranam,
Muthunaickenpatti, Pushpathur and Udumalpet in Tamilnadu, India ·
Vani Vilas Sagar and GIM II Hills in |
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Branch : |
Alathiyur Works, Cement Nagar Post, Sendurai Taluk, Perambalur, |
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Ramco Research and Development Centre : |
11-A, Okkiyam, Thuraipakkam, Chennai – 600096, Tamilnadu, India |
DIRECTORS
As on: 31.03.2013
|
Name : |
Mr. P R Ramasubrahmaneya Rajha |
|
Designation : |
Chairman and Managing Director |
|
Address : |
Ramamandiram, Rajapalaiyam – 626 117, |
|
Qualification : |
B.Sc. |
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|
Name : |
Mr. P R Venketrama Raja |
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Designation : |
Director |
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Address : |
Ramamandiram, Rajapalaiyam – 626 117, |
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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 (India) Private Limited · Sri Saradha Deepa Farms Private Limited · Ramamandiram Agricultural Estate Private Limited · Nalina Agricultural Farms Private Limited · Sudharsanam Investments Limited · Ramco Systems Corporation, USA · Ramco Systems Limited, Switzerland · Ramco Systems Sdn Bhd., Malaysia · Ramco Systems Pte. Limited, Singapore · Sri Ramco Lanka (Private) Limited, Sri Lanka · Sri Ramco Roofings Lanka Private Limited - Sri Lanka · RCDC Securities and Investments Private Limited · Nirmala Shankar Farms and Estates Private Limited · Sri Nithyalakshmi Farms Private Limited · Ram Sandhya Farms Private Limited · RSL Enterprise Solutions (Pty) Limited, South Africa · Sri Harini Textiles Limited · Ramco Systems Canada Inc., Canada · Deccan Renewable Wind Electrics Limited (Chairman) · Rajapalayam Spinners Limited · Ramco Systems FZ-LLC |
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|
|
|
Name : |
Dr. A Ramakrishna |
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Designation : |
Director |
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Address : |
“Anmol”, M-6 (Old No. M-29) 10th Cross Street, Anna Nagar
East, Chennai – 600 102, Tamilnadu, |
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Qualification : |
B.E., M. Sc. |
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|
|
|
Name : |
Mr. R S Agarwal |
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Designation : |
Director |
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Address : |
A-102, |
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Qualification : |
B.Sc., B.E. |
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|
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Name : |
Mr. M. B. N. Rao |
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Designation : |
Director |
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Address : |
Flat No:A 906, |
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Qualification : |
B. Sc., (Agricultural) |
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|
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|
Name : |
Mr. Harmander Singh |
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Designation : |
Nominee of Government of Tamilnadu |
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Qualification : |
IAS |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
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 |
|
|
|
|
|
|
|
|
24209873 |
10.17 |
|
|
567129 |
0.24 |
|
|
8000000 |
3.36 |
|
|
11577131 |
4.86 |
|
|
42704910 |
17.95 |
|
|
87059043 |
36.58 |
|
|
|
|
|
|
4833812 |
2.03 |
|
|
|
|
|
|
26513183 |
11.14 |
|
|
18859782 |
7.93 |
|
|
50206777 |
21.10 |
|
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 |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
2787 (Approximately) |
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Bankers : |
œ
Andhra Bank 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
Indusind Bank Limited œ
ING Vysya Bank Limited œ
Kotak Mahindra Bank Limited œ
Punjab and Sind Bank œ
Standard Chartered Bank œ
Syndicate Bank œ
Tamilnad Mercantile Bank Limited 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 |
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Facilities : |
NOTE: Long Term
Borrowing: 1)
Term loan from bank and soft loan from government
are secured by pari passu charges on fixed assets of the company. 2)
Maturity profiles of term loan from banks, soft
loan from government and interest free sales tax loans are furnished Short
Term Borrowing: Secured by hypothecation of current assets of the company |
|
Banking
Relations : |
-- |
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Auditors : |
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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 |
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|
|
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Name 2 : |
CNGSN and Associates Chartered Accountants |
|
Address : |
20, Raja Street, T Nagar, Chennai – 600017, Tamilnadu, India |
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|
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 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 |
CAPITAL STRUCTURE
As on: 31.03.2013
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 |
|
|
|
|
|
NOTE:
341000 bonus shares of Rs.1/- each remain unallotted pending completion
of required formalities.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
238.000 |
238.000 |
238.000 |
|
(b) Reserves & Surplus |
23469.600 |
20265.800 |
17107.100 |
|
(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) |
23707.600 |
20503.800 |
17345.100 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13930.600 |
15007.500 |
16428.300 |
|
(b) Deferred tax liabilities (Net) |
7163.600 |
6491.800 |
5890.000 |
|
(c) Other long term liabilities |
3384.200 |
3197.300 |
2874.800 |
|
(d) long-term provisions |
403.800 |
328.800 |
123.900 |
|
Total Non-current Liabilities (3) |
24882.200 |
25025.400 |
25317.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5880.800 |
6131.900 |
3383.000 |
|
(b) Trade payables |
1430.800 |
939.300 |
1395.200 |
|
(c) Other current
liabilities |
7343.500 |
6719.700 |
8394.600 |
|
(d) Short-term provisions |
1468.900 |
1262.300 |
1211.400 |
|
Total Current Liabilities (4) |
16124.000 |
15053.200 |
14384.200 |
|
|
|
|
|
|
TOTAL |
64713.800 |
60582.400 |
57046.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
45134.000 |
40642.100 |
37415.400 |
|
(ii) Intangible Assets |
801.500 |
509.400 |
514.100 |
|
(iii) Capital
work-in-progress |
1479.600 |
5223.400 |
5390.800 |
|
(iv)
Intangible assets under development |
90.400 |
52.100 |
65.700 |
|
(b) Non-current Investments |
2657.700 |
2664.700 |
2672.700 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2017.400 |
1097.600 |
1661.700 |
|
(e) Other Non-current assets |
14.900 |
31.600 |
75.400 |
|
Total Non-Current Assets |
52195.500 |
50220.900 |
47795.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5947.500 |
4910.900 |
3922.800 |
|
(c) Trade receivables |
3028.100 |
2079.400 |
1751.300 |
|
(d) Cash and cash
equivalents |
539.600 |
474.900 |
400.100 |
|
(e) Short-term loans and
advances |
2987.200 |
2896.300 |
3176.300 |
|
(f) Other current assets |
15.900 |
0.000 |
0.000 |
|
Total Current Assets |
12518.300 |
10361.500 |
9250.500 |
|
|
|
|
|
|
TOTAL |
64713.800 |
60582.400 |
57046.300 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
38308.000 |
32236.200 |
26162.200 |
|
|
|
Other Income |
418.600 |
329.600 |
284.700 |
|
|
|
TOTAL |
38726.600 |
32565.800 |
26446.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of
Materials Consumed |
5752.700 |
4376.000 |
4098.000 |
|
|
|
Changes in
Inventories of Finished Goods and Work-in-progress |
(453.300) |
(7.800) |
(191.400) |
|
|
|
Employee Benefits Expense |
1960.200 |
1712.100 |
1540.100 |
|
|
|
Other Expenses |
20989.300 |
16786.800 |
14427.800 |
|
|
|
Extraordinary Items |
4.700 |
1.000 |
(0.700) |
|
|
|
TOTAL |
28253.600 |
22868.100 |
19873.800 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
10473.000 |
9697.700 |
6573.100 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1785.100 |
1584.500 |
1392.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8687.900 |
8113.200 |
5180.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2805.800 |
2539.000 |
2207.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5882.100 |
5574.200 |
2972.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1845.600 |
1723.100 |
862.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4036.500 |
3851.100 |
2109.800 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
699.300 |
540.600 |
527.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
3000.000 |
3000.000 |
1750.000 |
|
|
|
1st Interim Dividend |
238.300 |
476.600 |
-- |
|
|
|
2nd Interim Dividend |
238.300 |
-- |
-- |
|
|
|
Tax on Interim Dividend |
117.800 |
96.600 |
-- |
|
|
|
Final Dividend |
238.300 |
119.200 |
297.900 |
|
|
|
Tax on Final Dividend |
0.000 |
0.000 |
48.300 |
|
|
BALANCE CARRIED
TO THE B/S |
903.100 |
699.300 |
540.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
274.800 |
139.100 |
18.600 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
31.200 |
42.700 |
53.300 |
|
|
|
Stores & Spares |
77.700 |
54.700 |
92.600 |
|
|
|
Coal and Petcoke |
4682.800 |
3084.300 |
1257.400 |
|
|
|
Packaging Materials |
290.700 |
100.300 |
48.000 |
|
|
|
Capital Goods |
34.300 |
272.500 |
960.300 |
|
|
TOTAL IMPORTS |
5116.700 |
3554.500 |
2411.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.00 |
16.00 |
9.00 |
|
QUARTERLY / SUMMARISED
RESULTS
|
PARTICULARS |
|
30.06.2013 UnAudited |
30.09.2013 UnAudited |
|
Type |
|
1st
Quarter |
2nd
Quarter |
|
Net Sales |
|
9871.800 |
9207.100 |
|
Total Expenditure |
|
7640.100 |
7870.200 |
|
PBIDT (Excl OI) |
|
2231.700 |
1336.900 |
|
Other Income |
|
18.200 |
22.000 |
|
Operating Profit |
|
2249.900 |
1358.900 |
|
Interest |
|
450.000 |
472.500 |
|
Exceptional Items |
|
0.000 |
0.000 |
|
PBDT |
|
1799.900 |
886.400 |
|
Depreciation |
|
756.900 |
766.800 |
|
Profit Before Tax |
|
1043.000 |
119.600 |
|
Tax |
|
354.500 |
(63.100) |
|
Provisions and contingencies |
|
0.000 |
0.000 |
|
Profit After Tax |
|
688.500 |
182.700 |
|
Extraordinary Items |
|
0.000 |
0.000 |
|
Prior Period Expenses |
|
0.000 |
0.000 |
|
Other Adjustments |
|
0.000 |
0.000 |
|
Net Profit |
|
688.500 |
182.700 |
S
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
10.42
|
11.82 |
7.98 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.35
|
17.29 |
11.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.72
|
10.59 |
6.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.27 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.83
|
1.03 |
1.142 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.78
|
0.69 |
0.64 |
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: |
CIVIL MISC. APPEAL |
|
Case No.: |
1890 |
|
Year : |
2012 |
|
Petitioner : |
COMMISSIONER OF CENTRAL EXCISE |
|
Respondent : |
M/S MADRAS CEMENTS LIMITED |
|
Pet's Advocate : |
M/S.T.CHANDRASEKARAN |
|
Res's Advocate : |
M/S P.J.RISHIKESH |
|
Category : |
Central Excises and Salt Act, 1944 (1 of 1944) |
|
|
Last Listed on: No Date Mentioned |
|
Case Updated on : |
Nov 2 2012 |
UNSECURED LOAN:
|
Particulars |
31.03.2013 [Rs.
in Millions] |
31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Fixed Deposits |
14.000 |
17.900 |
|
Interest free sales tax loan |
4841.800 |
5235.500 |
|
|
4855.8 |
5253.4 |
|
Short Term
Borrowing |
|
|
|
Loans Repayable on Demand |
|
|
|
Loan from Directors |
89.000 |
15.300 |
|
Fixed Deposits |
6.900 |
5.700 |
|
Other Loans and Advances |
0.000 |
0.000 |
|
Loan from banks |
500.000 |
0.000 |
|
Foreign currency loans from banks (Buyers Credit) |
1124.300 |
1422.700 |
|
Loan from mutual funds |
712.100 |
487.800 |
|
|
2432.3 |
1931.5 |
|
Total |
7288.100 |
7184.900 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10450489 |
10/09/2013 |
500,000,000.00 |
THE FEDERAL BANK LIMITED |
61 ANNA SALAI, CHENNAI, Tamil Nadu -
600002, INDIA |
B85541191 |
|
2 |
10439893 |
25/07/2013 |
1,080,000,000.00 |
The Hongkong and Shanghai Banking
Corporation Limited |
No.30 Rajaji Salai, Chennai, Tamil Nadu -
600001, |
B80803760 |
|
3 |
10438234 |
27/06/2013 |
1,000,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN
POINT, MUMBAI, Maharashtra - 400021, INDIA |
B80199227 |
|
4 |
10438232 |
25/06/2013 |
1,000,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN
POINT, MUMBAI, Maharashtra - 400021, INDIA |
B80198229 |
|
5 |
10429661 |
16/05/2013 |
500,000,000.00 |
THE BANK OF NOVA SCOTIA |
CLASSIC TOWERS, 1547, TRICHY ROAD,
COIMBATORE, TaSmil Nadu - 641018, INDIA |
B76552710 |
|
6 |
10410569 |
25/02/2013 |
3,000,000,000.00 |
BANK OF MAHARASHTRA |
4 SIVAGNANAM ROAD, T NAGAR, CHENNAI, Tamil
Nadu - 600017, INDIA |
B70351036 |
|
7 |
10403379 |
21/01/2013 |
2,000,000,000.00 |
THE FEDERAL BANK LIMITED |
61 ANNA SALAI, CHENNAI, Tamil Nadu -
600002, INDIA |
B68272897 |
|
8 |
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 |
|
9 |
10393539 |
19/12/2012 |
2,000,000,000.00 |
SYNDICATE BANK |
CORPORATE FINANCE BRANCH, 1ST FLOOR, 170
ELDAMS ROAD, CHENNAI, Tamil Nadu - 600018, INDIA |
B64701667 |
|
10 |
10400935 |
03/09/2013 * |
1,000,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN
POINT, MUMBAI, Maharashtra - 400021, INDIA |
B85722189 |
|
11 |
10309208 |
05/10/2012 * |
1,000,000,000.00 |
THE BANK OF NOVA SCOTIA |
CLASSIC TOWERS, 1547, TRICHY ROAD,
COIMBATORE, Tamil Nadu - 641018, INDIA |
B61103602 |
|
12 |
10266825 |
11/03/2013 * |
8,324,300,000.00 |
STATE INDUSTRIES PROMOTION CORPORATION OF
TAMILNADU LIMITED |
19-A, RUKMANI LAKSHMIPATHY ROAD, EGMORE,
CHENNAI, Tamil Nadu - 600008, INDIA |
B72004351 |
|
13 |
10259009 |
19/11/2010 |
2,000,000,000.00 |
CANARA BANK |
CORPORATE SERVICE BRANCH, 770 ANNA SALAI,
CHENNAI |
B01004670 |
|
14 |
10255219 |
10/11/2010 |
2,000,000,000.00 |
PUNJAB & SIND BANK |
ZONAL OFFICE, 770-A, SPENCER TOWER, FIRST
FLOOR, |
B01697929 |
|
15 |
10239140 |
20/09/2010 |
1,500,000,000.00 |
AXIS BANK LIMITED |
82,DR.RADHAKRISHNAN ROAD, MYLAPORE,
CHENNAI, Tamil Nadu - 600004, INDIA |
A94858156 |
|
16 |
10231702 |
26/07/2010 |
500,000,000.00 |
THE BANK OF NOVA SCOTIA |
CLASSIC TOWERS, 1547, TRICHY ROAD, COIMBATORE,
Tamil Nadu - 641018, INDIA |
A91187930 |
|
17 |
10226792 |
07/06/2010 |
1,000,000,000.00 |
BANK OF MAHARASHTRA |
4 SIVAGNANAM ROAD, T NAGAR, CHENNAI, Tamil
Nadu - 600017, INDIA |
A88698592 |
|
18 |
10210970 |
08/03/2010 |
1,750,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED |
76 CATHEDRAL ROAD, CHENNAI, Tamil Nadu -
600086, INDIA |
A82733767 |
|
19 |
10198205 |
27/01/2010 |
500,000,000.00 |
AXIS BANK LIMITED |
KARUMUTHU NILAYAM, 192, ANNA SALAI, CHENNAI,
Tamil Nadu - 600002, INDIA |
A77887479 |
|
20 |
10198203 |
27/01/2010 |
1,500,000,000.00 |
AXIS BANK LIMITED |
KARUMUTHU NILAYAM, 192, ANNA SALAI,
CHENNAI, Tamil Nadu - 600002, INDIA |
A77887180 |
|
21 |
10197470 |
22/01/2010 |
3,250,000,000.00 |
PUNJAB & SIND BANK |
ZONAL OFFICE, 770-A, SPPENCER TOWER, FIRST
FLOOR, |
A77760551 |
|
22 |
10198260 |
18/01/2010 |
600,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
A77974764 |
|
23 |
10189286 |
20/11/2009 |
600,000,000.00 |
THE BANK OF NOVA SCOTIA |
CLASSIC TOWERS, 1547, TRICHY ROAD,
COIMBATORE, Tamil Nadu - 641018, INDIA |
A74848706 |
|
24 |
10186641 |
04/11/2009 |
1,000,000,000.00 |
INDIAN BANK |
THOUSAND LIGHTS BRANCH, “KANNAMMAI
BUILDING", 611, ANNA SALAI, CHENNAI, Tamil Nadu - 600006, INDIA |
A73772691 |
|
25 |
10178275 |
11/09/2009 |
600,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
A70853387 |
|
26 |
10158058 |
30/03/2011 * |
26,050,000,000.00 |
CANARA BANK |
CORPORATE SERVICES BRANCH, 770 ANNA SALAI,
CHENNAI, Tamil Nadu - 600002, INDIA |
B09749086 |
|
27 |
10145246 |
25/02/2009 |
2,500,000,000.00 |
IDBI Bank Limited |
IDBI TOWERWTC COMPLEX, CUFFE PARADE,
MUMBAI, Maharashtra - 400005, INDIA |
A57483547 |
|
28 |
10143533 |
18/02/2009 |
400,000,000.00 |
STATE BANK OF PATIALA |
30, WHITE ROAD, CHENNAI, Tamil Nadu -
600014, INDIA |
A56892433 |
|
29 |
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 |
|
30 |
10142934 |
05/01/2009 |
500,000,000.00 |
AXIS BANK LIMITED |
"KARUMUTHU NILAYAM", 192, ANNA
SALAI, CHENNAI, Tamil Nadu - 600002, INDIA |
A56668379 |
|
31 |
10139390 |
23/12/2008 |
650,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
A55204341 |
|
32 |
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 |
|
33 |
10131147 |
23/10/2008 |
250,000,000.00 |
ING VYSYA BANK LIMITED |
185 ANNA SALAI, NEAR TVS, CHENNAI, Tamil Nadu
- 600006, INDIA |
A51361442 |
|
34 |
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 |
|
35 |
10074706 |
25/10/2007 |
100,000,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS, 93, SANTHOME HIGH ROAD,
SANTHOME, CHENNAI, Tamil Nadu - 600028, INDIA |
A26415687 |
|
36 |
10042872 |
20/12/2012 * |
750,000,000.00 |
The HongKong and Shanghai Banking Corporation
Limi |
No. 30 Rajaji Salai, Opp Beach Station,
Chennai, |
B65664559 |
|
37 |
10032293 |
27/12/2006 |
40,000,000.00 |
STATE BANK OF HYDERABAD |
CHENNAI MAIN BRANCH, 45, SECOND LINE BEACH,
CHENNAI, Tamil Nadu - 600001, INDIA |
A09197757 |
|
38 |
10022301 |
05/10/2006 |
460,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
P M TOWER 37 GREEMS ROAD, THOUSAND LIGHTS,
CHENNAI, Tamil Nadu - 600006, INDIA |
A05697404 |
|
41 |
90288720 |
18/01/2006 |
101,100,000.00 |
UTI BANK LTD. |
82, DR. RADHAKRISHNAN SALAI; MYLAPORE,
CHENNAI, Tamil Nadu - 600004, INDIA |
- |
|
42 |
90291203 |
22/06/2001 * |
450,000,000.00 |
STATE BANK OF INDIA |
CHENNAI MAIN BRANCH, 22; RAJAJI SALAI, CHENNAI,
Tamil Nadu - 60001, INDIA |
- |
|
43 |
90290420 |
08/04/2004 |
600,000,000.00 |
ICICI BANK LIMITED |
110; PRAKASH PRESIDIUM, NUNGAMBAKKAM,
CHENNAI, Tamil Nadu - 600034, INDIA |
- |
|
44 |
90291187 |
22/06/2001 * |
400,000,000.00 |
STATE BANK OF INDIA |
CHENNAI MAIN BRANCH, 22; RAJAJI SALAI,
CHENNAI, Tamil Nadu - 600001, INDIA |
- |
|
45 |
90290240 |
22/06/2001 * |
750,000,000.00 |
CANARA BANK |
ETT SECTION; 51; STOCK EXCHANGE TOWERS, 1
CROSS; |
- |
|
46 |
90291186 |
22/06/2001 * |
750,000,000.00 |
CANARA BANK |
ETT SECTION; 51; STOCK EXCHANGE TOWERS, 1
CROSS; |
- |
|
47 |
90291185 |
22/06/2001 * |
1,750,000,000.00 |
CANARA BANK |
ETT SECTION; 51; STOCK EXCHANGE TOWERS, I
CROSS; |
- |
|
48 |
90291184 |
13/05/2000 * |
450,000,000.00 |
STATE BANK OF INDIA |
CHENNAI MAIN BRANCH, 22; RAJAJI SALAI,
CHENNAI, Tamil Nadu - 600001, INDIA |
- |
|
49 |
90291183 |
22/06/2001 * |
400,000,000.00 |
STATE BANK OF INDIA |
CHENNAI MAIN BRANCH, 22; RAJAJI SALAI,
CHENNAI, Tamil Nadu - 600001, INDIA |
- |
|
50 |
90290222 |
22/06/2001 * |
500,000,000.00 |
STATE BANK OF INDIA |
CAG BRANCH; 149, GREAMS ROAD, CHENNAI,
Tamil Nadu |
- |
|
51 |
90290218 |
19/11/1999 |
17,500,000.00 |
ABN AMRO BANK |
19/1; HADDOWS ROAD, NUNGAMBAKKAM, CHENNAI,
Tamil |
- |
|
52 |
90291178 |
23/09/1999 * |
100,000,000.00 |
CANARA BANK |
ETT SECTION; 51; STOCK EXCHANGE TOWERS,
IST CROSS; J. C. ROAD, BANGALORE, Karnataka - 560027, INDIA |
- |
|
53 |
90290171 |
20/03/1998 |
10,000,000.00 |
GRINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
54 |
90291176 |
07/12/1999 * |
900,000,000.00 |
CANARA BANK |
ETT SECTION; 51; STOCK EXCHANGE TOWRS, I
CROSE; J. C. ROAD, BANGALORE, Karnataka - 560027, INDIA |
- |
|
55 |
90288915 |
19/11/1999 * |
2,000,000.00 |
CANARA BANK |
THOUSAND LIGHTS, CHENNAI, Tamil Nadu -
600006, INDIA |
- |
|
56 |
90290156 |
12/11/1997 |
2,000,000.00 |
CANARA BANK |
THOUSAND LIGHTS, CHENNAI, Tamil Nadu -
600006, INDIA |
- |
|
57 |
90288902 |
17/03/1997 |
29,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION
LIMITED |
RAMON HOUSE; 169, BACKBAY RECLAMATION,
BOMBAY, Maharashtra - 400020, INDIA |
- |
|
58 |
90290141 |
18/01/1997 |
150,000,000.00 |
ANZ GRINDLAYS BANK LTD. |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
59 |
90291171 |
24/10/1996 * |
360,000,000.00 |
THE INDUSTRIAL FINANCE CORPORATION OF
INDIA LTD. |
16, SANSAD MARG, NEW DELHI, Delhi -
110001, INDIA |
- |
|
60 |
90290133 |
14/08/1996 |
56,450,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY
LIMITED |
CORE 4A; EAST COURT; 1ST FLOOR, INDIA
HABITAT CEN |
- |
|
61 |
90288886 |
19/07/1996 |
6,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION
LIMITED |
RAMON HOUSE; 169, BACKBAY RECLAMATION,
BOMBAY, Maharashtra - 400020, INDIA |
- |
|
62 |
90291167 |
25/03/1996 |
360,000,000.00 |
THE INDUSTRIAL FINANCE CORPORATION OF
INDIA LTD. |
BANK OF BARODA BUILDING, 16; SANSAD MARG,
NEW DELHI, Delhi - 110001, INDIA |
- |
|
63 |
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 |
- |
|
64 |
90290116 |
23/09/1995 |
270,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH; 232, N.S.C. BOSE ROAD,
MADRAS, |
- |
|
65 |
90290101 |
28/02/1995 |
30,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
66 |
90290099 |
06/02/1995 |
90,000,000.00 |
ANZ BRINDLAYS BANK P.L.C. |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
67 |
90288855 |
17/10/1995 * |
9,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
68 |
90290093 |
17/10/1995 * |
108,500,000.00 |
THE INDUSTRIAL FINANCE CORPORATION OF
INDIA LTD. |
BANK OF BARODA BUILDING, 16; SANSAD MARG,
NEW DELHI, Delhi - 110001, INDIA |
- |
|
69 |
90290086 |
11/10/1994 * |
48,000,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY
LTD. |
3; RING ROAD, KILOKRI; OPP. MAHARANI BAGH,
NEW DELHI, Delhi - 110014, INDIA |
- |
|
70 |
90290084 |
17/10/1995 * |
48,000,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY
LTD. |
3; RING ROAD, OPP. MAHARANI BAGH, NEW
DELHI, Delhi - 110014, INDIA |
- |
|
71 |
90290056 |
17/10/1995 * |
73,868,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
72 |
90290055 |
07/07/1993 |
73,868,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
73 |
90286842 |
22/06/2001 * |
127,500,000.00 |
STATE BANK OF INDIA |
C.A.G. BRANCH, 149; GREAMS ROAD, CHENNAI,
Tamil Nadu - 600006, INDIA |
- |
|
74 |
90291159 |
12/01/1999 * |
127,500,000.00 |
STATE BANK OF INDIA |
C.A.G. BRANCH, 149; GREAMS ROAD, CHENNAI, Tamil
Nadu - 600006, INDIA |
- |
|
75 |
90290051 |
16/04/1993 |
650,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BAROAD BUILDING, 16; SANSAD MARG,
NEW DEL |
- |
|
76 |
90287273 |
06/02/1995 * |
32,160,000.00 |
GRINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
77 |
90290047 |
19/11/1999 * |
32,160,000.00 |
ANZ GRINDLAYS BANK LTD. |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
78 |
90290039 |
19/11/1999 * |
5,500,000.00 |
STATE BANK OF HYDERABAD |
45, SECOND LINE BEACH, CHENNAI, Tamil Nadu
- 600001, INDIA |
- |
|
79 |
90287262 |
06/02/1995 * |
6,500,000.00 |
STATE BANK OF HYDERABAD |
JAGGAYAPET; 45, 2ND LINE BEACH, MADRAS, Tamil
Nadu - 600001, INDIA |
- |
|
80 |
90290038 |
19/11/1999 * |
25,000,000.00 |
INDIAN BANK |
RAMASAMYRAJA NAGAR, KAMARAJAR, Tamil Nadu
- 626204, INDIA |
- |
|
81 |
90287260 |
10/08/1992 * |
10,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
MYLAPORE, MADRAS, Tamil Nadu - 600004,
INDIA |
- |
|
82 |
90290037 |
26/04/2004 * |
39,500,000.00 |
STATE BANK OF INDIA |
149; C.A.G. BRANCH, GREAMS ROAD, CHENNAI,
Tamil Nadu - 600006, INDIA |
- |
|
83 |
90287256 |
24/07/1991 |
350,000.00 |
SUNDARAM FINANCE LTD. |
21, PATTULLOS ROAD, MADRAS, Tamil Nadu -
600002, INDIA |
- |
|
84 |
90290029 |
27/01/1997 * |
39,500,000.00 |
STATE BANK OF INDIA |
232, N.S.C BOSE ROAD, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
85 |
90290024 |
20/02/1991 * |
4,800,000.00 |
LIFE INSURANCE CORPORATIONOF INDIA |
YOGAKSHEMA, JEEVAN BIMA MARG, BOMBAY,
Maharashtra |
- |
|
86 |
90287222 |
03/01/1990 |
1,368,000.00 |
INDIA EQUIPMENT LEASING LIMITED |
NO. 21, PATULLOS ROAD, MADRAS, Tamil Nadu
- 600002, INDIA |
- |
|
87 |
90290021 |
03/01/1990 |
1,368,000.00 |
INDIA EQUIPMENT LEASING LIMITED |
NO. 21, PATULLOS ROAD, MADRAS, Tamil Nadu
- 600002, INDIA |
- |
|
88 |
90291154 |
03/01/1990 |
1,368,000.00 |
INDIA EQUIPMENT LEASING LIMITED |
NO. 21, PATULLOS ROAD, MADRAS, Tamil Nadu
- 600002, INDIA |
- |
|
89 |
90287220 |
26/12/1989 |
3,192,000.00 |
INDIA EQUIPMENT LEASING LIMITED |
21, PATULLOS ROAD, MADRAS, Tamil Nadu -
600002, INDIA |
- |
|
90 |
90290010 |
13/07/1992 * |
10,000,000.00 |
GRINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
91 |
90290009 |
19/11/1999 * |
2,500,000.00 |
STATE BANK OF BIKANER & JAIPUR |
MYLAPORE, CHENNAI, Tamil Nadu - 600004,
INDIA |
- |
|
92 |
90291152 |
01/02/1989 |
282,405.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 5TH FLOOR;
SAMAJIGUDA |
- |
|
93 |
90290008 |
09/01/1989 |
6,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
94 |
90287197 |
30/09/1988 |
1,091,368.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 6TH FLOOR;
SOMAJIGUDA |
- |
|
95 |
90288786 |
30/09/1988 |
1,091,368.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 6TH FLOOR;
SOMAJIGUDA |
- |
|
96 |
90291151 |
13/09/1988 |
1,574,992.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 6TH FLOOR;
SOMAJIDUGA |
- |
|
97 |
90291150 |
09/09/1988 |
1,316,518.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN CHAMBERS, 6TH FLOOR;
SOMAJIGUDA |
- |
|
98 |
90290002 |
24/07/1989 * |
10,000,000.00 |
UNIT TRUST OF INDIA |
13; SIR VITHALDAS THACKERSEY MARG, BOMBAY,
Maharashtra - 400020, INDIA |
- |
|
99 |
90290001 |
22/04/1988 |
4,556,000.00 |
GRAINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
100 |
90289998 |
27/01/1988 |
10,900,000.00 |
THE INDUSTRIAL CREDIT & INVESTMENT
CORPORATION OF |
163, BACKBAY RECLAMATION, BOMBAY,
Maharashtra - 400020, INDIA |
- |
|
101 |
90287191 |
20/01/1988 |
12,360,426.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
102 |
90289997 |
20/01/1988 |
12,360,426.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
103 |
90289996 |
11/01/1988 |
10,366,000.00 |
GRINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
104 |
90289990 |
09/01/1991 * |
13,500,000.00 |
THE INDUSTRIAL CREDIT & INVESTMENT
CORPORATIONOF I |
163, BACKBAY RECLAMATION, BOMBAY,
Maharashtra - 400020, INDIA |
- |
|
105 |
90289989 |
23/10/1987 |
8,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG,
NEW DELHI, Delhi - 110001, INDIA |
- |
|
106 |
90289987 |
27/08/1987 |
2,077,000.00 |
GRAINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
107 |
90286821 |
16/04/1987 |
400,000.00 |
HOUSING DEVELOPMENT FINANCE
CORPORATIONLTD. |
169, BACKBAY RECLAMATION, BOMBAY,
Maharashtra - 400020, INDIA |
- |
|
108 |
90287175 |
26/01/1987 |
10,000,000.00 |
INDIAN BANK |
31, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
109 |
90291148 |
09/12/1987 * |
10,000,000.00 |
INDIAN BANK |
31, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
110 |
90286820 |
05/12/1986 |
6,150,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION
LTD. |
163, BACKBAY RECLAMATION, BOMBAY,
Maharashtra - 400020, INDIA |
- |
|
111 |
90289979 |
16/01/1987 * |
20,000,000.00 |
GENERAL INSURANCE CORPORATION OF INDIA |
INDUSTRIAL ASSURANCE BUILDING, CHURCHGATE,
BOMBAY, Maharashtra - 400020, INDIA |
- |
|
112 |
90289978 |
24/10/1996 * |
50,000,000.00 |
UNIT TRUST OF INDIA |
13; SIR VITHALDAS THACKERSEY MARG, NEW
MARINE LINES, BOMBAY, Maharashtra - 400020, INDIA |
- |
|
113 |
90289977 |
16/01/1987 * |
10,000,000.00 |
STATE BANK OF HYDERABAD |
JAGGAYYAPET BRANCH, KRISHNA, Andhra
Pradesh - 521175, INDIA |
- |
|
114 |
90289976 |
10/09/1986 |
2,524,000.00 |
GRINDLAYS BANK P.L.C |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
115 |
90289975 |
17/03/1990 * |
40,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
116 |
90289974 |
15/06/1989 * |
300,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING; 16, SANSAD MARG,
NEW DELHI, Delhi - 110001, INDIA |
- |
|
117 |
90289973 |
25/06/1992 * |
20,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
96; KOTCHERY ROAD, MYLAPORE, MADRAS, Tamil
Nadu - 600004, INDIA |
- |
|
118 |
90289967 |
04/09/1987 * |
10,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
119 |
90286818 |
16/01/1987 * |
58,500,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
NARIMAN BHAVAN; 227, V. K. SHAH MARG;
NARIMAN POINT, BOMBAY, Maharashtra - 400021, INDIA |
- |
|
120 |
90289965 |
18/06/1985 |
45,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG,
NEW DELHI, Delhi - 110001, INDIA |
- |
|
121 |
90289964 |
15/06/1987 * |
10,000,000.00 |
GRINDLAYS BANK P. L. C. |
19, RAJAJI SALAI, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
122 |
90289957 |
16/01/1987 * |
11,600,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BAROAD BUILDING, 16; SANSAD MARG,
NEW DELHI, Delhi - 110001, INDIA |
- |
|
123 |
90289956 |
23/09/1985 * |
2,900,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG,
NEW DELHI, Delhi - 110001, INDIA |
- |
|
124 |
90289954 |
18/08/1981 |
2,900,000.00 |
THE INDUSTRIAL CREDIT & INVESTMENT CORPORATION
OF |
163, BACKBAY RECLAMATION, BOMBAY,
Maharashtra - 400020, INDIA |
- |
|
125 |
90289953 |
01/08/1981 |
3,000,000.00 |
INDIAN BANK |
NO. 31, RAJAJI ROAD, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
126 |
90289952 |
29/06/1981 |
2,900,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG,
NEW DELHI, Delhi - 110001, INDIA |
- |
|
127 |
90289948 |
29/01/1981 |
5,800,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
227; VINAY K. SHAH MARG, NARIMAN POINT,
BOMBAY, Maharashtra - 400021, INDIA |
- |
|
128 |
90286814 |
16/01/1987 * |
58,500,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
NARIMAN BHAVAN; 227, V. K. SHAH MARG;
NARIMAN POINT, BOMBAY, Maharashtra - 400021, INDIA |
- |
|
129 |
90289941 |
21/12/1978 |
1,500,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
JOLLY MAKER CHAMBERS NO. 1; 227, BACKBAY
RECLAMATION, BOMBAY, Maharashtra - 400021, INDIA |
- |
|
130 |
90289940 |
18/11/1978 |
750,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; PARLIAMENT
STREET, NEW DELHI, Delhi - 110001, INDIA |
- |
|
131 |
90286810 |
16/01/1987 * |
12,500,000.00 |
LIFE INSURANCE CORPORATION OF INDIA |
YOGAKSHEMA, JEEVAN BIMA MARG, BOMBAY,
Maharashtra |
- |
|
132 |
90289937 |
10/12/1976 |
3,800,000.00 |
INDIAN BANK |
17, NORTH BEACH ROAD, MADRAS, Tamil Nadu -
600001, INDIA |
- |
|
133 |
90286807 |
10/12/1976 |
5,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; PARLIAMENT
STREET, NEW DELHI, Delhi - 110001, INDIA |
- |
|
134 |
90291143 |
31/03/1975 |
2,000,000.00 |
THE INDIAN BANK |
MADRAS, MADRAS, Tamil Nadu, INDIA |
- |
|
135 |
90286803 |
31/03/1984 * |
2,200,000.00 |
THE VYSYA BANK LTD. |
185, MOUNT ROAD, MADRAS, Tamil Nadu -
600006, INDSIA |
- |
|
136 |
90289933 |
16/01/1987 * |
20,000,000.00 |
INDIAN BANK |
31; RAJAJI SALAI, OLD - 17 NORTH BEACH
ROAD, MADR |
- |
|
137 |
90289928 |
23/09/1988 * |
16,000,000.00 |
INDIAN BANK |
RAMASAMYRAJA NAGAR, RAMASAMYRAJA NAGAR,
Tamil Nadu |
- |
* Date of charge modification
TURNOVER AND
PROFITABILITY
With the increase in production and sale and growth in realisation, the total revenue for the year, net of Central Excise and VAT had increased to Rs. 38730.000 millions as against Rs.32570.000 millions of the previous year, registering an increase of 19%.
During the year the Company had taken various measures to reduce the impact of the raising costs. To minimize the cost of transportation in raw materials and finished goods, the grinding units were operated strategically. The rail-road transport mix was also constantly reviewed and changed to have an overall control in the transportation cost for the Company as a whole.
The thermal power plants were operated to generate electrical energy for own consumption besides sale of power to TANGEDCO and Third parties under Open Access System, so that the cost of operating the thermal power plants was maintained at optimum level.
These measures, coupled with better sales and realisation, have made the operating profit and net profit for the year higher at Rs. 10477.700 millions and Rs. 4036.500 millions, as against Rs. 9702.600 millions and Rs. 3851.100 millions respectively of the previous year.
EW PROJECTS
The Company has established three grinding units, near the fly ash availability areas /major cement consumption areas. This has helped the company in economizing transportation cost, besides resulting in better servicing of markets. In line with that, the Company is proposing to install its fourth grinding unit at Vizag with a capacity to grind 1 MillionTonnes Per Annum, at a cost of Rs. 3600.000 millions. The project is expected to be commissioned in the second quarter of 2014-15. The necessary clinker for this plant would be transported from the Jayanthipuram plant. Fly ash and slag are available within a radius of 25 kms, which would help the Company in minimizing the transportation cost of raw materials. The output from this plant would be marketed in Coastal Andhra Pradesh with Vizag being the main market and also in the States of Odisha and Chhattisgarh.
POWER PLANTS
At Ariyalur, the Company had commissioned 20 MW thermal power plants. With this, the capacity of the captive thermal power generation at Ariyalur had increased to 60 MW.
At Ramasamy Raja Nagar, the 25 MW thermal power plants were commissioned.
Due to acute power shortage being experienced, it is felt that it would be advantageous to invest further in power. Accordingly, it is proposed to enhance the capacity of the thermal power plants at Alathiyur, Jayanthipuram and Ariyalur by adding one turbine each of 6 MW capacities at a total cost of Rs. 550.000 millions.
FUTURE OUTLOOK
The cement industry is expected to grow by 8% during the year 2013-14. The demand increase is expected to be sustained due to Government spending on infrastructure projects, rural housing and development and the general increase in the economic activities. However, the excess capacity created by the cement industry during the past years will have an impact on production of cement and sales realisation. The capacity-demand mismatch is expected to come down over a period of next few years, improving the capacity utilisation of the industry. The Company would continue to focus on cost control measures and strategic decisions on production and distribution to protect and improve its profitability.
CHANGE OF NAME OF THE
COMPANY
It is proposed to change the name of the Company from MADRAS CEMENTS LIMITED to “Subject". RAMCO is the brand name under which the Company’s products are sold. The name - "Subject" will make it easy to identify the name of the company with the brand under which the Company's cement is sold.
The Directors are of the opinion that identification of the Company's name with the brand name will be advantageous in the long run in Brand building. Necessary resolution seeking Members' approval for the change of name of the Company has been included in the Notice convening 55th Annual General Meeting.
INDUSTRIAL RELATIONS
AND PERSONNEL
The Company has 2787 employees as on 31-03-2013. Industrial relations in all the Units continue to be cordial and healthy. Employees at all levels are extending their full support and are actively participating in the various programmers for energy conservation and cost reduction. There is a special thrust on Human Resources Development with a view to promoting creative and Group effort.
In terms of the provisions of Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975 as amended, the names and other particulars of the employees are required to be set out in the Annexure to the Directors ‘Report. However, as per the provisions of Section 219(1)(b)(iv) of the said Act, the Annual Report excluding the aforesaid information is being sent to all the Members of the Company and others entitled thereto. Member who is interested in obtaining such particulars may write to the Company Secretary.
AWARDS
The Company's Units secured many Awards during the year in Mines Safety, Mines Environment and Mineral Conservation and Quality Circles.
The Alathiyur unit has secured Second Price among the cement sector for the National Energy Conservation award for 2012, constituted by Bureau of Energy Efficiency under the Ministry of Power. The award was presented by the Honourable President of India, Shri. Pranab Mukherjee in the presence of Honorable Minister of State fors Power, Shri.Jyotiraditya M.Scindia.
The Alathiyur unit has also secured "Gold Award" in cement sector for outstanding achievement in Environment Management. The award was constituted by GreentechFoundation, New Delhi and supported by Indian Institute of Corporate Affairs, Ministry of Corporate Affairs, and Government of India.
The Alathiyur unit has also been presented "Green Award" by Tamilnadu Pollution Control Board for the year 2012.
Andhra Pradesh Pollution Control Board has given award to Jayanthipuram unit for the year 2012, in recognition of practicing Cleaner Production Measures.
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 |
|
|
|
|
30.09.2013 |
30.06.2013 |
30.09.2013 |
|
1 |
Income
from Operations |
|
|
|
|
|
(a) Net Sales / Income from
Operations (Net of Excise duty) |
9050.300 |
9601.200 |
18651.500 |
|
|
(b) Other Operating Income |
156.800 |
270.600 |
427.400 |
|
|
Total
Income from operations (Net) |
9207.100 |
9871.800 |
19078.900 |
|
2 |
Expenses
|
|
|
|
|
|
(a) Cost of Materials Consumed |
1676.200 |
1616.200 |
3292.400 |
|
|
(b) Change in Inventories of
Finished goods, work in progress and Stock-ln Trade |
139.700 |
88.000 |
227.700 |
|
|
(c) Employee Benefits Expenses |
538.200 |
539.100 |
1077.300 |
|
|
(d) Depreciation and Amortisation Expenses |
766.800 |
756.900 |
1523.700 |
|
|
(e) Transportation &
Handling |
1976.600 |
2049.300 |
4025.900 |
|
|
(f) Power & Fuel |
2161.400 |
2115.500 |
4276.900 |
|
|
(g) Other expenditure |
1378.100 |
1232.000 |
2610.100 |
|
|
Total
Expenses |
8637.000 |
8397.000 |
17034.000 |
|
3 |
Profit
from Operations before Other Income, Finance cost and Exceptional Items (1
-2) |
570.100 |
1474.800 |
2044.900 |
|
4 |
Other Income |
22.000 |
18.200 |
40.200 |
|
5 |
Profit from ordinary activities
before Finance cost and Exceptional Items (3 + 4) |
592.100 |
1493.000 |
2085.100 |
|
6 |
Finance cost |
472.500 |
450.000 |
922.500 |
|
7 |
Profit from ordinary
activities after Finance costs but before Exceptional Items (5 - 6) |
119.600 |
1043.000 |
1162.600 |
|
8 |
Exceptional Items |
-- |
-- |
-- |
|
9 |
Profit
from ordinary activities before tax (7 - 8) |
119.600 |
1043.000 |
1162.600 |
|
10 |
Tax Expenses |
|
|
|
|
|
Current Tax |
25.10 |
218.600 |
243.700 |
|
|
Deferred Tax |
15.600 |
135.900 |
151.500 |
|
|
MAT credit entitlement |
(103.800) |
-- |
(103.800) |
|
11 |
Net
Profit from ordinary activities after tax {9 -10) |
182.700 |
688.500 |
871.200 |
|
12 |
Extraordinary items (Net of tax
expenses) |
-- |
-- |
-- |
|
13 |
Net Profit
for the period (11 -12) |
182.700 |
688.500 |
871.200 |
|
14 |
Paid-up Equity
hare Capital Face value of a share Re.1/-) |
238.000 |
238.000 |
238.000 |
|
15 |
Reserves
excluding Revaluation Reserves |
-- |
-- |
24340.800 |
|
16 |
Basic
& Diluted earnings per share of Re.1/- each (Rs.) |
0.77 |
2.89 |
3.66 |
|
|
|
|
|
|
|
(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 |
30.09.2013 |
|
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 |
|
|
|
|
30.09.2013 |
30.06.2013 |
30.09.2013 |
|
1 |
Segment Revenue |
|
|
|
|
|
(a)
Cement |
8940.600 |
9532.200 |
18472.800 |
|
|
(b)
Windmills |
343.600 |
372.300 |
715.900 |
|
|
Less: Inter Segment Revenue |
77.100 |
32.700 |
109.800 |
|
|
Total Income from operations (Net) |
9207.100 |
9871.800 |
19078.900 |
|
2 |
Segment Results before tax and interest |
|
|
|
|
|
(a)
Cement |
555.700 |
1383.900 |
1939.600 |
|
|
(b)
Windmills |
189.200 |
231.300 |
420.500 |
|
|
Less: (i) Interest |
472.500 |
450.000 |
922.500 |
|
|
(II) Unallocable expenditure net of unallocable income |
152.800 |
122.200 |
275.000 |
|
|
Net Profit from ordinary activities before
tax |
119.600 |
1043.000 |
1162.600 |
|
3 |
Capital Employed |
|
|
|
|
|
(a)
Cement |
43188.600 |
42051.100 |
43188.600 |
|
|
(b)
Windmills |
5832.900 |
5841.500 |
5832.900 |
|
|
(c)
Unallocated |
(24442.700) |
(23496.500) |
(24442.700) |
|
|
Total |
24578.800 |
24396.100 |
24578.800 |
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 |
24340.800 |
|
|
224578.800 |
|
|
|
|
(2) Non-Current Liabilities |
|
|
(a) long-term borrowings |
15414.400 |
|
(b) Deferred tax liabilities (Net) |
7315.100 |
|
(c) Other long term liabilities |
3213.400 |
|
(d) long-term provisions |
150.800 |
|
|
26093.700 |
|
|
|
|
(3) Current Liabilities |
|
|
(a) Short term borrowings |
6856.100 |
|
(b) Trade payables |
2621.700 |
|
(c) Other current
liabilities |
7038.800 |
|
(d) Short-term provisions |
716.300 |
|
|
17232.900 |
|
|
|
|
Total Equity
and Liabilities |
67905.400 |
|
|
|
|
ASSETS |
|
|
(1) Non-current assets |
|
|
(a) Fixed Assets |
48444.800 |
|
(b) Non-current Investments |
2649.100 |
|
(c) Long-term Loan and Advances |
2676.400 |
|
(d) Other Non-current assets |
17.100 |
|
|
53787.400 |
|
|
|
|
(2) Current assets |
|
|
(a) Inventories |
6681.500 |
|
(b) Trade receivables |
3612.700 |
|
(c) Cash and cash
equivalents |
556.300 |
|
(d) Short-term loans and
advances |
3264.600 |
|
(e) Other current assets |
2.900 |
|
|
14118.000 |
|
|
|
|
Total
Assets |
67905.400 |
NOTE:
1) The above un-audited results were reviewed by the Audit Committee at its meeting held on 20-10-2013 and were taken on record at the Meeting of the Board of Directors held on 23-10-2013.
2) The Competition commission of India (CCI) imposed a penalty of Rs.2586.300 Millions for alleged cartelisation. Upon appeal filed before the Competition Appellate Tribunal (COMPAT), the order of CCI has been stayed on condition that the company deposit 10% of the penalty amounting to Rs.258.600 Millions. The same has been deposited by the company. Pending final judgement, no provision has been considered necessary.
3) Other expenditure includes a sum of Rs.144.100 Millions for the half year ended 30-9-2013 towards CSR activities, out of which a sum of Rs.120.700 Millions has been donated to Raja Charity Trust, a public charitable trust for establishment of an engineering college.
4) The previous year figures have been re-grouped I re-stated wherever necessary.
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 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.62.38 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--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 |
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 |
|
65 |
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.