IDENTIFICATION DETAILS
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Name : |
VAYHAN COFFEE LIMITED |
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Registered
Office : |
H. No. 1-155, Sy. No. 108/A, Kompally Main Road, Hyderabad
– 500014, Andhra Pradesh |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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PAN No.: [Permanent Account No.] |
AABCL1669G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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No. of Employees
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Not Available |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Instant Coffee. |
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Products : |
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REVIEW OF OPERATIONS
The company has exported Instant Coffee to more than 20 countries. The Company’s operations resulted in total revenue of Rs. 1546.200 millions, (Previous Year 1000.800 millions) which is an increase of about 54% from the previous year. The Profit before tax during the year is Rs. 69.700 millions (Previous Year Rs. 77.200 millions). After adjusting for the current year MAT, the profit for the current year stands at Rs. 55.800 millions (Previous Year Rs. 60.700 millions). During the year, there are several interruptions and shortage in the electricity supply and due to this, the company heavily depended on alternative sources of supply and thus spending Rs. 27.300 millions comparatively more than the previous year. Further, the company has written off an amount of Rs. 20.800 millions, towards bad debts. Thus the current year’s profitability has been adversely affected to the extent of these extraordinary items.
FUTURE OUTLOOK
The demand for instant coffee is growing steadily in almost all the markets and the company is trying to add new customers and new markets. The company is targeting a growth to the extent of 5% in terms of volume and value during the next financial year 2013-14 in view of almost peak capacity operations during the financial year 2012-13.
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
State Bank of India Mid Corporate Loan Administration Unit (MCLAU), 3/6/281/A/1, 1st Floor, Hyderguda Main Road, SBI Old MLA Quarter's Branch Building, Hyderabad - 500029, Andhra Pradesh, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
GMK Associates Chartered Accountants |
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Address : |
607, Raghava Ratna Towers, Chirag Ali Lane, Abids, Hyderabad-500001, Andhra Pradesh, India |
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PAN No.: |
AACFG7582R |
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Subsidiary Company: |
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Associates : |
CIN No.:
U21022AP1990PTC011964
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Related Parties : |
CIN No.:
U29191AP2003PTC041991
CIN No.:
U21029AP1999PTC031657
CIN No.:
L24134AP1984PLC005215 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 28.09.2013
DETAILS OF SHAREHOLDING FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2013
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Category |
Percentage |
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Bodies corporate |
5.98 |
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Directors or relatives of directors |
67.98 |
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Other top fifty shareholders |
18.39 |
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Other |
7.65 |
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TOTAL |
100.00 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
283.830 |
283.830 |
283.830 |
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(b) Reserves & Surplus |
44.713 |
10.284 |
(26.412) |
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(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
328.543 |
294.114 |
257.418 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
135.464 |
241.769 |
340.883 |
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(b) Deferred tax liabilities
(Net) |
27.510 |
6.146 |
0.000 |
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(c) Other long term
liabilities |
22.710 |
10.751 |
14.615 |
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(d) long-term provisions |
0.316 |
0.780 |
0.539 |
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Total
Non-current Liabilities (3) |
186.000 |
259.446 |
356.037 |
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(4) Current Liabilities |
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(a) Short term borrowings |
258.526 |
221.841 |
203.436 |
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(b) Trade payables |
113.105 |
70.585 |
48.190 |
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(c) Other current liabilities |
117.701 |
135.453 |
149.613 |
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(d) Short-term provisions |
10.841 |
15.549 |
10.726 |
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Total
Current Liabilities (4) |
500.173 |
443.428 |
411.965 |
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TOTAL |
1,014.716 |
996.988 |
1,025.420 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
518.417 |
558.492 |
614.017 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital work-in-progress |
15.826 |
14.839 |
14.839 |
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(iv) Intangible assets under
development |
2.491 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.365 |
0.255 |
0.244 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
20.279 |
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(d) Long-term Loan and Advances |
18.985 |
10.000 |
11.028 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total
Non-Current Assets |
556.084 |
583.586 |
660.407 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
321.823 |
266.851 |
225.191 |
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(c) Trade receivables |
101.730 |
117.601 |
99.416 |
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(d) Cash and cash equivalents |
10.504 |
10.491 |
10.609 |
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(e) Short-term loans and
advances |
22.743 |
16.528 |
14.682 |
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(f) Other current assets |
1.832 |
1.931 |
15.115 |
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Total
Current Assets |
458.632 |
413.402 |
365.013 |
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TOTAL |
1,014.716 |
996.988 |
1,025.420 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
1,517.849 |
994.434 |
778.939 |
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Other Income |
28.328 |
6.427 |
7.082 |
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TOTAL
(A) |
1,546.177 |
1,000.861 |
786.021 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
1,095.537 |
660.318 |
538.645 |
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(21.321) |
(36.231) |
(14.070) |
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Employees benefits expense |
24.640 |
19.146 |
5.093 |
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Other expenses |
235.532 |
135.422 |
162.219 |
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TOTAL
(B) |
1,334.388 |
778.655 |
691.887 |
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Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
211.789 |
222.206 |
94.134 |
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Less |
FINANCIAL
EXPENSES (D) |
76.948 |
81.508 |
78.149 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
134.841 |
140.698 |
15.985 |
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Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
65.093 |
63.528 |
62.432 |
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PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
69.748 |
77.170 |
(46.447) |
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Less |
TAX
(H) |
35.319 |
42.974 |
(15.291) |
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PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
34.429 |
34.196 |
(31.156) |
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EARNINGS
IN FOREIGN CURRENCY |
1,438.379 |
874.911 |
749.125 |
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Earnings
/ (Loss) Per Share (Rs.) |
1.21 |
1.20 |
(1.33) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office / Corporate Office : |
H. No. 1-155, Sy. No. 108/A, Kompally Main Road, Hyderabad
– 500014, Andhra Pradesh, India |
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Tel. No.: |
91-40-27165330 / 27165328 / 5329 |
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Fax No.: |
91-40-27141028 / 27165330 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
S.No.141, Garlamadugu Village, Pedavegi Mandal, West Godavari
District- 534 450, Andhra Pradesh, India |
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Tel. No.: |
91-8812-259991 to 8 |
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E-Mail : |
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Location : |
Owned |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.