MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

HYDERABAD CHEMICALS PRODUCTS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

HYDH00375E

 

 

PAN No.:

[Permanent Account No.]

AAACH5507Q

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Information declined by the management.

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Importer of Pesticides like Technical.

 

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management.

 

 

Bankers :
  • State Bank Of Hyderabad, Idply Colony Branch, Kukatpally, Hyderabad - 500037, Andhra Pradesh, India
  • CITI Bank N A, 1st Floor, Queens Plaza, Sardar Patel Road, Hyderabad - 500003, Andhra Pradesh, India

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

Short term borrowings

 

 

Working capital loans from banks

61.221

39.980

 

 

 

Total

61.221

39.980

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Raju and Prasad

Chartered Accountant

Address :

401, Diamond House, Amrutha Hills, Punjagutta, Hyderabad – 500 482, Andhra Pradesh, India

Tel. No.:

91-44-23410404

Fax No.:

91-44-23410403

E-Mail :

hyderabad@rajuandprasad.com

rajuandprasad@gmail.com

PAN No.:

AACFR2404H

 

 

Holding Company :
  • Hyderabad Chemicals Limited, India

CIN No. : U24230AP1954PLC000736

 

 

Fellow Subsidiary :

  • Neo Seeds India Limited

 

 

Associates :
  • Excel Industries Limited
  • Excel Corp Care Limited
  • Transpek Marketing Limited
  • Anshul Agencies

 

 

Memberships :
  • Pesticides Manufacturers and Formulators Association of India
  • Pesticides Association of India

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 27.08.2013

 

Names of Shareholders

 

No. of Shares

Hyderabad Chemical Limited, India

 

999990

Nellore Sukumar

 

10

 

 

 

Total

 

1000000

 

 

 

 

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

10.000

10.000

10.000

(b) Reserves & Surplus

705.066

614.275

546.342

(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)

715.066

624.275

556.342

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

246.800

196.409

152.684

(b) Deferred tax liabilities (Net)

106.549

93.955

96.445

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

2.941

2.385

1.238

Total Non-current Liabilities (3)

356.290

292.749

250.367

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

91.197

66.428

32.883

(b) Trade payables

307.678

96.270

112.138

(c) Other current liabilities

36.486

43.265

102.843

(d) Short-term provisions

91.045

62.565

77.808

Total Current Liabilities (4)

526.406

268.528

325.672

 

 

 

 

TOTAL

1597.762

1185.552

1132.381

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

742.733

630.957

603.158

(ii) Intangible Assets

1.163

1.764

2.966

(iii) Capital work-in-progress

0.000

58.834

9.918

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

23.620

8.109

8.109

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

6.618

1.423

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

774.134

701.087

624.151

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

198.314

126.822

189.680

(c) Trade receivables

458.996

238.210

185.713

(d) Cash and cash equivalents

14.641

11.644

7.613

(e) Short-term loans and advances

7.575

9.609

116.258

(f) Other current assets

144.102

98.180

8.966

Total Current Assets

823.628

484.465

508.230

 

 

 

 

TOTAL

1597.762

1185.552

1132.381

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

1461.367

1279.216

1109.428

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                     (A)

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                     (B)

NA

NA

NA

 

 

 

 

 

 

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

181.190

131.027

148.893

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

48.663

42.406

37.922

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

132.527

88.621

110.971

 

 

 

 

 

Less

TAX                                                                  (H)

39.993

18.942

0.855

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

92.534

69.679

110.116

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

15.036

9.811

9.444

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

87.907

62.711

108.000

 

 

Dividend

1.500

1.500

1.500

 

 

Tax on Dividend

0.243

0.243

0.249

 

BALANCE CARRIED TO THE B/S

17.920

15.036

9.811

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

529.514

337.742

310.470

 

 

 

 

 

 

Earnings Per Share (Rs.)

92.53

69.78

64.00

 

OPERATIONAL REVIEW

 

The performance of the company has continued to be satisfactory during the financial year 2012-13. Sales have risen to Rs.1460.000 millions from Rs.1280.000 millions during the previous year. The profit after tax (After deferred taxation) has increased by 25% from Rs.73.500 millions in the previous year to Rs. 91.500 millions during the year. As mentioned under, the production capabilities have been strengthened during the year 2012-13.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (54)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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/ Factory 1 :

Plot A-24/ 25, Assisted Private Industrial Estate, Balanagar, Hyderabad – 500037, Andhra Pradesh, India

Tel. No.:

91-40-23772651/2502/1849

Fax No.:

91-40-23772595

E-Mail :

agripest@hd1.vsnl.net.in

hydchem@sify.com    

Website :

http://www.hyderabadchemicals.com

Area :

2 Acres

Location :

Owned

 

 

Factory 2 :

Plot No. 60 and 61, Industrial Development Area, Chemical Zone, Pasha Mylaram, Medak District, Pachammailaram – 502307, Andhra Pradesh, India

Tel. No.:

91-8455-246350/246351

Fax No.:

91-8455-246537

Area :

5 Acres

Location :

Owned

 

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.