MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

BHAGIRATHI PACKAGING PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Plastic Products, HDPE Bags and LDPE Bags.

 

 

Products/ Services :

ITC Code No.

 

Product Descriptions

3924

HDPE Woven Sacks

3927

HDPE Laminated / Unlaminated Fabric

 

PRODUCTION STATUS (AS ON 31.03.2011)

 

Particulars

Unit

Licensed Capacity

Installed Capacity

Actual Production

Tape Plant

M.T.

NA

8000

4925 M.T. [Incl. Job work 1450 M.T.]

Lamination Plant           

M.T.

NA

2200

844 M.T. [incl. Job work done 248 M.T.]

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel [West], Mumbai – 400013, Maharashtra, India

 

·         United Bank of India, Tivoli Park Branch, 225C, AJC Bose Road, Kolkata – 700020, West Bengal, India

 

·         ICICI Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Term Loan from HDFC Bank Limited

0.000

6.000

Car Loan from HDFC Bank Limited

0.311

1.006

Car Loan from Axis Bank Limited

0.300

0.182

 

 

 

Short Term Borrowings

 

 

Cash Credit from HDFC Bank Limited

38.602

32.226

 

 

 

Total

39.213

39.414

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Short Term Borrowings

 

 

Foreign currency loan – buyer’s credit

1.911

9.903

Loans from bodies corporates

5.500

0.612

 

 

 

Total

7.411

10.515

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Roy Subodh and Associates

Chartered Accountants

Address :

9/12, Lal Bazar Street, Block - E, 2nd Floor, Kolkata – 700001, West Bengal, India

Tel. No.:

91-33-22318945/ 40661205

Mobile No.:

91-9433099926

Fax No.:

91-33-22420536

E-Mail :

subodh.roy@rediffmail.com

PAN No.:

ADCPR4291D

 

 

Group/ Associate Companies:

·         Sai Sulphonates Private Limited

·         Sai Industries Private Limited

·         Sai Surfactants Private Limited

·         A.R. Stanchem Private Limited

·         Sai Jute Mills Private Limited

·         Starlite Vyapaar Private Limited

·         Rama Laminators Private Limited

·         Sai Fertlizers Private Limited

·         Kamakhya (India) Limited

·         Rishi Securities and Finance Private Limited

·         A. R. Sulphonates Private Limited

·         Sai Bulk Bags Private Limited

·         Sai Fertilizers and Phosphates Private Limited

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2013

 

Names of Shareholders

 

No. of Shares

Vishnu Kumar Fogla

10010

Sanjeev Fogla

10

Kamakhya (India) Limited

15600

Sai Surfactants Private Limited

21500

Vishnu Kumar Fogla (HUF)

10000

Rishi Securities and Finance Private Limited

34500

Rama Laminators Private Limited

20000

 

 

Total

111620

 

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

11.162

11.162

11.162

(b) Reserves & Surplus

52.435

47.339

40.550

(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)

63.597

58.501

51.712

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.611

7.188

18.697

(b) Deferred tax liabilities (Net)

2.607

3.226

3.270

(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)

3.218

10.414

21.967

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

46.013

42.741

33.007

(b) Trade payables

61.427

41.829

50.713

(c) Other current liabilities

7.622

13.455

12.992

(d) Short-term provisions

6.680

6.200

3.862

Total Current Liabilities (4)

121.742

104.225

100.574

 

 

 

 

TOTAL

188.557

173.140

174.253

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

74.094

83.530

84.817

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.841

0.092

3.389

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

3.878

3.878

3.877

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

1.560

0.659

0.659

Total Non-Current Assets

80.373

88.159

92.742

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

27.876

33.414

25.270

(c) Trade receivables

60.130

35.660

34.755

(d) Cash and cash equivalents

3.830

4.594

5.401

(e) Short-term loans and advances

13.740

7.992

7.829

(f) Other current assets

2.608

3.321

8.256

Total Current Assets

108.184

84.981

81.511

 

 

 

 

TOTAL

188.557

173.140

174.253

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

 

31.03.2011

 

SALES

 

 

 

 

 

Revenue from Operations

280.843

308.520

297.993

 

 

Other Income

0.470

2.393

3.518

 

 

TOTAL                                                (A)

281.313

310.913

301.511

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

213.650

229.090

 

 

Purchases of Stock-in-Trade

 

13.393

1.847

 

 

Changes in Inventories of Finished Goods, Stock-in-Process and Stock-in-Trade

 

2.393

(10.227)

 

 

Employee Benefits Expense

 

8.628

8.123

 

 

Other Expenses

 

45.921

39.905

 

 

TOTAL                                                (B)

NA

283.985

268.738

 

 

 

 

 

Less

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

 

26.928

32.773

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

 

5.220

7.668

 

 

 

 

 

 

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

 

21.708

25.105

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

11.360

11.078

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

NA

10.348

14.027

 

 

 

 

 

Less

TAX                                                                  (H)

 

3.559

4.414

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

5.096

6.789

9.613

 

 

 

 

 

 

VALUE OF IMPORTS ON C.I.F. BASIS

15.054

28.497

26.780

 

 

 

 

 

 

Earnings Per Share (Rs.)

45.65

61.00

86.12

 

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 DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

21, Princep Street, Kolkata – 700072, West Bengal, India

Tel. No.:

91-33-22363849 / 22363055 / 40166100

Fax No.:

91-33-22219145

E-Mail :

kamakhya@foglagroup.com

Website :

http://www.foglagroup.com

 

 

Factory :

Located at:

 

·         Ambernath

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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