MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

OMKAR SPECIALITY CHEMICALS LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEO002213B

 

 

PAN No.:

[Permanent Account No.]

AAACO7311D

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

No. of Employees :

215 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing and Sale of Chemicals.

 

 

Products :

Product Description

 

Item Code

Selenium Dioxide

28112990

Methyl Iodide

29033930

Benezene Seleninic Anhydride

29310090

 

 

GENERAL INFORMATION

 

No. of Employees :

215 (Approximately)

 

 

Bankers :

·         Bank of Baroda

·         Axis Bank Limited

·         Citi Bank N.A.

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Millions)

31.03.2013

(Rs. in Millions)

Long-term Borrowings

 

 

Term Loans

-From Bank

372.134

299.005

 

 

 

Short-term borrowings

 

 

From Bank

885.149

710.868

 

 

 

Total

 

1257.283

1009.873

 

 

UNSECURED LOANS

31.03.2014

(Rs. in Millions)

31.03.2013

(Rs. in Millions)

Short-term borrowings

 

 

Short term loan from financial institutions

17.492

6.879

Loans from banks

207.413

147.144

 

 

 

Total

 

224.905

154.023

 

 

 

Banking Relations :

 

 

 

Statutory Auditors :

 

Name :

J.P.J Associates

Chartered Accountants

Address :

Shop No.16, Godavari CHS, Shantivan, Borivali (East), Mumbai – 400066, Maharashtra, India

Tel No.:

91-22-28975829

Fax No.:

91-22-28970736

Email:

jpjassociates@rediffmail.com

jpjoffice@rediffmail.com

 

 

Internal Auditors :

 

Name :

Shubhada S Sakhalkar and Company

Chartered Accountants

Address :

402, Pratibha, Teen Petrol Pump, LBS Road, Thane (West) – 400601, Maharashtra, India

 

 

Subsidiary –

Common Control Exists:

·         Rishichem Research Limited

·         Desh Chemicals Private Limited

·         Lasa Laboratory Private Limited

·         Urdhwa Chemicals Company Private Limited

 

 

Other Related:

·         Svaks Biotech India Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(AS ON 31.03.2014)

 

Category of Shareholder

Total No. of Shares

Total Shareholding as a % of Total No. of Shares

(A) Shareholding of Promoter and Promoter Group

 

 

(1) Indian

 

 

Individuals / Hindu Undivided Family

12632974

64.36

Sub Total

12632974

64.36

 

 

 

(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

12632974

64.36

 

 

 

(B) Public Shareholding

 

 

(1) Institutions

 

 

Mutual Funds / UTI

888187

4.53

Financial Institutions / Banks

700000

3.57

Foreign Institutional Investors

323569

1.65

Sub Total

1911756

9.74

 

 

 

(2) Non-Institutions

 

 

Bodies Corporate

2224587

11.33

 

 

 

Individuals

 

 

Individual shareholders holding nominal share capital up to Rs.0.100 Million

1078559

5.50

Individual shareholders holding nominal share capital in excess of Rs.0.100 Million

1569739

8.00

 

 

 

Any Others (Specify)

210389

1.07

Clearing Members

180121

0.92

Non Resident Indians

30268

0.15

Sub Total

5083274

25.90

 

 

 

Total Public shareholding (B)

6995030

35.64

 

 

 

Total (A)+(B)

19628004

100.00

 

 

 

(C) Shares held by Custodians and against which Depository Receipts have been issued

 

 

(1) Promoter and Promoter Group

0

0.00

(2) Public

0

0.00

Sub Total

0

0.00

Total (A)+(B)+(C)

19628004

100.00

 

 

FINANCIAL DATA

[All figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

196.280

196.280

196.280

(b) Reserves & Surplus

1147.437

1035.861

862.069

(c) Money received against share warrants

35.625

35.625

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

1379.342

1267.766

1058.349

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

372.134

299.005

46.766

(b) Deferred tax liabilities (Net)

11.826

11.267

12.276

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

11.760

11.323

10.259

Total Non-current Liabilities (3)

395.720

321.595

69.301

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1110.054

864.891

691.670

(b) Trade payables

380.710

276.593

252.630

(c) Other current liabilities

107.494

39.197

65.811

(d) Short-term provisions

45.161

55.418

28.901

Total Current Liabilities (4)

1643.419

1236.099

1039.012

 

 

 

 

TOTAL

3418.481

2825.460

2166.662

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

424.888

439.334

362.538

(ii) Intangible Assets

2.269

5.311

0.349

(iii) Capital work-in-progress

685.213

401.797

304.755

(iv) Intangible assets under development

0.000

0.150

1.771

(b) Non-current Investments

137.988

108.639

21.208

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

399.557

274.067

99.829

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1649.915

1229.298

790.450

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

629.731

635.605

526.625

(c) Trade receivables

851.493

614.711

384.852

(d) Cash and cash equivalents

181.121

215.747

314.036

(e) Short-term loans and advances

2.561

4.310

40.801

(f) Other current assets

103.660

125.789

109.898

Total Current Assets

1768.566

1596.162

1376.212

 

 

 

 

TOTAL

3418.481

2825.460

2166.662

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue from Operations

2096.211

2015.312

1669.480

 

 

Other Income

57.473

57.940

36.986

 

 

TOTAL                                     (A)

2153.684

2073.252

1706.466

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Material Consumed

935.411

1193.571

1077.333

 

 

Purchase of stock in trade

507.946

350.926

181.796

 

 

Changes in inventories of Finished Goods, Work in progress and Stock in Trade

28.338

(180.851)

(115.710)

 

 

Employee benefits expense

98.825

80.054

63.834

 

 

Other Expenses

196.718

208.345

130.293

 

 

Exceptional Items

0.660

0.000

0.000

 

 

TOTAL                                     (B)

1767.898

1652.045

1337.546

 

 

 

 

 

Less

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

385.786

421.207

368.920

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

117.463

74.316

80.953

 

 

 

 

 

 

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

268.323

346.891

287.967

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

61.016

56.843

56.209

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

207.307

290.048

231.758

 

 

 

 

 

Less

TAX                                                                  (H)

61.285

82.038

67.291

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

146.022

208.010

164.467

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

373.752

214.960

94.008

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Proposed Dividend

29.442

29.442

24.535

 

 

Tax on Dividend

5.004

4.776

3.980

 

 

Transfer to General Reserve

10.000

15.000

15.000

 

BALANCE CARRIED TO THE B/S

475.328

373.752

214.960

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

548.733

581.597

257.576

 

TOTAL EARNINGS

548.733

581.597

257.576

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

960.471

651.318

741.004

 

 

Capital Goods

7.668

4.329

2.419

 

TOTAL IMPORTS

968.139

655.647

743.423

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

 

 

 

Basic

7.44

10.60

8.38

 

Diluted

7.10

10.59

8.38

 

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

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/ Corporate Office :

B-34, MIDC, Badlapur (East), Thane – 421503, Maharashtra, India  

Tel. No.:

91-251-2697340/ 48/ 49/ 2690651

Fax No.:

91-251-2691572/ 2697347

E-Mail :

care@omkarchemicals.com

omkarchem@vsnl.com

info@omkarchemicals.com

cs@omkarchemicals.com

Website:

http://www.omkarchemicals.com

 

 

Factory 1 :

Plot No.W-92(A), W-93(A), W-94(A) and W-95(A), MIDC, Badlapur (East), Thane-421503, Maharashtra, India

Tel. No.:

91-251-2698840

Fax No.:

91-251-2691662

 

 

Factory 2 :

Plot No. F-24, MIDC, Badlapur (East), Thane – 421503, Maharashtra, India

Tel. No.:

91-251-2691852

Fax No.:

91-251-2697673

      

 

Factory 3 :

Plot No. B-34, MIDC, Badlapur (East), Thane – 421503, Maharashtra, India

Tel. No.:

91-251-2697340/2690651

Fax No.:

91-251-2697347/2691572

 

 

Factory 4 :

Plot No. F-9, F-10/1, MIDC, Badlapur (East), Thane – 421503, Maharashtra, India

Tel. No.:

91-251-2696434/2696432

 

 

Factory 5 :

D27/4 and D-27/5, MIDC, Lote Parshuram Industrial Area, Chiplun, District Ratnagiri, Maharashtra, India 

 

 

Factory 6 :

B-15 and B-16, Lote Parshuram Industrial Area, Talika Khed, District – Ratnagiri – 415722, Maharashtra, India

 

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