MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

KATRA PHYTOCHEM (INDIA) PRIVATE LIMITED (w.e.f. 10.02.2009)

 

 

Formerly Known As :

AGRO-BIOCHEM (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

120 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Pharmaceutical Product.

 

 

Products :

Item Code No.

Product Description

32030090

Lutein and Formulations thereof

13019045

Marigold Oleoresin

 

 

Exports :

 

Products :

Finished Good

Countries :

·         France

·         US

 

 

Terms :

 

Selling :

Cash and credit

 

 

Purchasing :

Cash and credit, Depend

 

 

GENERAL INFORMATION

 

Customers :

·         Retailers

·         End Users

 

 

No. of Employees :

120 (Approximately)

 

 

Bankers :

·         Axis Bank Limited, Corporate Banking Branch, Queens Road, Bangalore - 560001, Karnataka, India

·         State Bank of India, Overseas Branch, M.G. Road, Bangalore - 560001, Karnataka, India

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Short-term borrowings

 

 

Working capital loans from banks

(Equitable Mortagage of immovable assets and further secured by hypothecation of entire current assets of the company)

139.142

138.557

Total

139.142

138.557

 

 

 

Unsecured Loan

 

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Long-term Borrowings

 

 

Loans taken for fixed assets

4.013

0.000

Short-term borrowings

 

 

Intercorporate borrowings

174.263

15.260

Loans taken for fixed assets

0.000

8.390

Total

178.276

23.650

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

A J S and Associates

Chartered Accountants

Address :

313 - 314, Richmond Towers,  No.12, Richmond Road, Bangalore - 560025, Karnataka, India

Tel. No.:

91-80- 22219261

Fax No.:

91-80- 22217293

E-Mail :

office@ajsca.com

PAN N Income-tax PAN of auditor or auditor's firm :

AAHFA3729M

 

 

Holding Company:

·         Katra Holding Private Limited, India

CIN: U05190KA2003PTC032633

 

 

Subsidiary Company:

·         Katra Phytochem (Singapore) Pte Limited

 

 

Associate:

·         Tula Trading Private Limited, India

CIN: U18101ka2004ptc034293

·         Mason And Summers Leisure Private Limited, India

CIN: U63040ka2004ptc034827

·         Ayurvedagram Heritage Wellness Centre Private Limited, India

CIN: U74140ka2003ptc031511

·         Kerala Ayurveda Limited, India

CIN: L24233kl1992plc006592

·         Avan Agro-Tech Private Limited, India

CIN: U01122ka1998ptc023509

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 28.09.2013

 

Names of Shareholders

 

No. of Shares

Jacob Thomas Avoorathu

 

250000

Ramesh Vangal (HUF)

 

1457000

Tita Patnaik

 

40000

Gokul Patnaik

 

106000

Katra Estate Private Limited, Mauritius

 

1743000

Katra Holding Private Limited

 

4100000

Gokul Patnaik Associates Private Limited

 

104000

Total

 

7800000

 

 

 

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

78.000

78.000

78.000

(b) Reserves & Surplus

137.389

114.782

59.615

(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)

215.389

192.782

137.615

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

4.013

0.000

0.000

(b) Deferred tax liabilities (Net)

13.511

11.794

8.598

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

17.524

11.794

8.598

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

313.404

162.207

322.401

(b) Trade payables

19.556

10.528

14.180

(c) Other current liabilities

24.212

40.383

17.085

(d) Short-term provisions

2.698

0.000

0.000

Total Current Liabilities (4)

359.870

213.118

353.666

 

 

 

 

TOTAL

592.783

417.694

499.879

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

134.224

136.728

127.293

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1.358

1.343

1.309

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

1.634

1.804

1.561

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

137.216

139.875

130.163

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

226.248

126.613

63.376

(c) Trade receivables

65.950

79.599

75.613

(d) Cash and cash equivalents

6.490

23.211

170.872

(e) Short-term loans and advances

156.879

48.396

59.855

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

455.567

277.819

369.716

 

 

 

 

TOTAL

592.783

417.694

499.879

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Turnover

315.127

325.704

244.800

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                     (A)

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                     (B)

NA

NA

NA

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

71.695

94.682

7.241

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

27.158

11.206

1.383

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION, PRELIMINARY EXPENSES AND AMORTISATION (C-D)                                         (E)

44.537

83.476

5.858

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION / PRELIMINARY EXPENSES                                (F)

9.782

8.653

2.515

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

34.755

74.823

3.343

 

 

 

 

 

Less

TAX                                                                  (H)

12.147

19.656

(0.122)

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

22.608

55.167

3.465

 

 

 

 

 

 

Earnings Per Share (Rs.)

2.90

7.07

4.44

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

250.000 (Market Fluctuation )

 

The above information has been parted by Mr. Ganesh (Account Department)

 

BUSINESS REVIEW:

 

During the year, the company achieved a turnover of Rs.315.127 Millions and reported Profit of Rs. 22.608 Millions, as against a turnover of Rs.325.704 Millions and Profit of Rs. 55.167 Millions during the previous year.

 

The company continues to focus on expanding its market share for value added products and maintained the turnover of the same. However the adverse market conditions, for Oleoresin sales, resulted in reduction of turnover by about 3 % as compared to the Previous year. During the current year, the company has taken new initiatives by entering into strategic alliance for marketing its products to ensure steady growth.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

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 DEFAULTERS’ LIST STATUS

 

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

 

LOCATIONS

 

Registered Office :

1134, 1st Floor, 100 Feet Road, Hal II Stage, Bangalore – 560008, Karnataka, India

Tel. No.:

91-80-41808000

Mobile No.:

91-8110653906

Fax No.:

91-80-40808043

E-Mail :

nharish@katraphyto.com

Website :

www.katraphyto.com

Location :

Owned

 

 

Factory:

Plot No. 7, A-1 Attibele Industrial Area, Anekal Taluk, Bangalore – 562107, Karnataka, India

Tel. No.:

91-80-27820053/27820053

Fax No.:

91-80-27820306

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.