MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

HPM CHEMICALS AND FERTILIZERS LIMITED (w.e.f. 21.06.2011)

 

 

Formerly Known As :

HIM PULVERISING MILLS LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AAACH0623D

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

 

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (51)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

RBI DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office / Head Office :

209-210, Anupam Bhawan, Azadpur Commercial Compelx, Azadpur, Delhi-110033, India

Tel. No.:

91-11-45071800 / 899

Fax No.:

91-11-27681800 / 805 / 801

E-Mail :

info@hpminda.com

akhilkansal@hpmindia.com

Website :

www.hpmindia.com

Information declined by the management

 

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the Manufacturing activities of Agro Chemicals, Pesticides and Technical Products for Agriculture Purposes and Trading of Fertilizers.

 

 

Products :

ITC Code

Products or Services

38089910

PRESTICIDES

 

OPERATIONS

 

During the period the Company has achieved a significant growth in the sales revenue as compared to the previous year for the pesticide business, however the company could not undertake the fertilizer business due to adverse market conditions. Significant improvement and growth in business operation has been achieved by meticulous planning with the integration of feedback from the base level, market analysis inputs and insights. The hard work, dedication, high motivation and focus on parts of all members of the company has been the impelling factor for achieving a significant growth in business. By implementing SAP and networking all branches, factories and offices, the Company has integrated and provided real time information to facilitate quick and right decisions. Various reports on sales and procurement on a time scale help to take major business decisions. The wise and scientific mapping of entire business process has helped a lot to standardize and improve the operational processes, provided control mechanisms through sophisticated checks and balances, minimize duplication and reduce losses. Implementing SAP, HPM in real sense has taken a giant leap towards its goal to lead the industry as a most disciplined and dedicated corporate house.

 

REVIEW AND PRODUCTION

 

They have achieved significant breakthrough in developing new formulation technology for SC formulation, which has also contributed to the growth in production. Development of natural adjuvants for pesticide formulations is another achievement to cite and commend the efforts of their RandD. Further the company has erected the new technical plant for the manufacture of the Technical Grade Pesticides and it started commercial production in 2012and this year they are enhancing the production capacity of this plant by adding the Acephate Plant in this unit.

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management

 

 

Bankers :
  • HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India
  • Citibank N.A, Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connuaght Place, New Delhi - 110001, Delhi, India
  • State Bank Of India, SME Branch, Town Hall, Chandni Chowk, New Delhi - 110006, Delhi, India
  • Syndicate Bank, Central Market, Punjabi Bagh, New Delhi - 110026, Delhi, India

 

 

Facilities :

 

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Mohit Parekh and Company

Chartered Accountants

Address :

572, 2nd Floor, Gandhi Cloth Market, Chandni Chowk, Delhi-110006, India

E-Mail :

AAHPP2532M

 

 

Related Parties :
  • HPM Crop Science Limited
  • Hindustan Krishi Biotech Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

No. of Shares

Santosh Aggarwal

121790

Nikhil Aggarwal

126284

Arun Kr. Goel

11

Ashok Aggarwal

206722

Niti Aggarwal

625

Gopi Ram Aggarwal

23

Hindustan Krishi Bio-Tech Limited, India

44545

 

 

TOTAL

500000

 

 

 

 

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

50.000

50.000

44.000

(b) Reserves & Surplus

655.572

508.913

345.747

(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)

705.572

558.913

389.747

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

113.930

95.633

75.862

(b) Deferred tax liabilities (Net)

1.398

1.302

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

6.693

5.154

3.513

Total Non-current Liabilities (3)

122.021

102.089

79.375

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

447.836

819.858

352.031

(b) Trade payables

142.765

140.829

196.489

(c) Other current liabilities

108.068

209.723

140.096

(d) Short-term provisions

58.566

55.607

47.897

Total Current Liabilities (4)

757.235

1226.017

736.513

 

 

 

 

TOTAL

1584.828

1887.019

1205.635

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

187.866

196.868

165.680

(ii) Intangible Assets

2.778

4.629

0.000

(iii) Capital work-in-progress

15.016

0.097

12.877

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

6.555

7.777

9.300

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

212.215

209.371

187.857

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

1.909

0.000

(b) Inventories

649.007

661.700

553.431

(c) Trade receivables

505.941

648.864

347.523

(d) Cash and cash equivalents

35.847

121.272

54.654

(e) Short-term loans and advances

149.786

33.002

56.272

(f) Other current assets

32.032

210.901

5.898

Total Current Assets

1372.613

1677.648

1017.778

 

 

 

 

TOTAL

1584.828

1887.019

1205.635

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Income

2436.297

2690.752

1883.756

 

Other Income

16.250

9.323

14.819

 

TOTAL (A)

2452.547

2700.075

1898.575

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

1137.227

1207.898

974.147

 

Purchases of Stock-in-Trade

97.298

446.181

52.907

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

10.719

(124.611)

(127.637)

 

Employees benefits expense

116.511

100.985

80.912

 

Other expenses

726.162

737.435

684.962

 

TOTAL (B)

2087.917

2367.888

1665.291

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

364.630

332.187

233.284

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

113.979

89.792

34.306

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

250.651

242.395

198.978

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

22.877

21.247

18.544

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

227.774

221.148

180.434

 

 

 

 

 

Less

TAX (H)

69.493

51.983

47.846

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

158.281

169.165

132.588

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

508.912

339.747

207.159

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Transfer to General Reserve

13.000

0.000

0.000

 

Dividend

10.000

0.000

0.000

 

Tax on Dividend

1.622

0.000

0.000

 

BALANCE CARRIED TO THE B/S

642.571

508.912

339.747

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

316.56

365.76

301.34

 

 

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