MIRA INFORM REPORT
|
Report No. : |
335982 |
|
Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
OVOBEL FOODS LIMITED |
|
|
|
|
Registered
Office : |
Ground Floor, No.46 Old No.32/1, 3rd Cross, Aga Abbas Ali Road, Ulsoor, Bangalore – 560042, Karnataka |
|
Tel. No.: |
91-80-25594145 / 25594146 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
11.01.1993 |
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|
|
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Com. Reg. No.: |
013875 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.105.008 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L85110KA1993PLC013875 |
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|
|
|
IEC No.: |
0794006353 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACO2167R |
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|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges |
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|
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|
Line of Business
: |
Subject is engaged in the
manufacture and export of whole egg/yolk/albumen powders or frozen. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Sick unit |
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|
|
|
Payment Behaviour : |
Slow and delayed |
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|
Litigation : |
--- |
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Comments : |
The subject company is declared as a sick unit by Board of Industrial
and Financial Reconstruction. The management has registrar case (Case No. 282/2001) with Board of
Industrial and Financial Reconstruction. The financial position of company is weak. Networth of the company has
been fully eroded. However, Business is active. Payment terms are slow and delayed. The company can be considered for business dealings on a fully safe
and secured trade terms and conditions. |
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
|
BANK |
BRANCH |
QUARTER |
BORROWER NAME |
DIRECTORS NAME |
OUTSTANDING AMOUNT (IN MILLION) |
|
ICICI BANK LIMITED |
CALCUTTA |
31-03-02 |
Philip Van Bosstraeten Shanti Swarup Agarwal Vishan Swarup Agarwal |
39.900 |
|
|
ICICI BANK LIMITED |
CALCUTTA |
30-06-02 |
Philip Van Bosstraeten Shanti Swarup Agarwal, Vishan Swarup Agarwal |
39.900 |
|
|
ICICI BANK LIMITED |
CALCUTTA |
30-09-02 |
Philip Van Bosstraeten, Shanti Swarup Agarwal, Vishan Swarup Agarwal |
39.900 |
|
|
ICICI BANK LIMITED |
CALCUTTA |
31-03-03 |
Philip Van Bosstraeten, Vishan Swarup Agarwal, Shanti Swarup Agarwal |
37.400 |
|
|
ICICI BANK LIMITED |
CALCUTTA |
30-06-03 |
Vishan Swarup Agarwal, Shanti Swarup Agarwal, Philip Van Bosstraeten |
37.400 |
|
|
ICICI BANK LIMITED |
CALCUTTA |
30-09-03 |
Philip Van Bosstraeten, Shanti Swarup Agarwal, Vishan Swarup Agarwal |
37.400 |
|
|
ICICI BANK LIMITED |
CALCUTTA |
31-12-03 |
Philip Van Bosstraeten, Vishan Swarup Agarwal, Shanti Swarup Agarwal |
37.400 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
31-03-02 |
S.C.Agarwal, S.S.Agarwal, V.S.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
30-06-02 |
S.C.Agarwal, S.S.Agarwal, V.S.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
30-09-02 |
S.C.Agarwal, S.S.Agarwal, V.S.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
31-12-02 |
S.C.Agarwal, S.S.Agarwal, V.S.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
31-03-03 |
V.S.Agarwal, S.S.Agarwal, S.C.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
30-06-03 |
V.S.Agarwal, S.S.Agarwal, S.C.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
30-09-03 |
S.S.Agarwal, S.C.Agarwal, V.S.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
31-12-03 |
V.S.Agarwal, S.S.Agarwal, S.C.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
31-03-04 |
S.S.Agarwal, S.C.Agarwal, V.S.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
30-06-04 |
V.S.Agarwal, S.S.Agarwal, S.C.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
30-09-04 |
S.C.Agarwal, V.S.Agarwal, S.S.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
BANGALORE BRANCH OFFICE |
31-12-04 |
S.S.Agarwal, S.C.Agarwal, V.S.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
SOUTHERN ZONAL OFFICE |
31-03-05 |
S.C.Agarwal, V.S.Agarwal, S.S.Agarwal |
30.000 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
SOUTHERN ZONAL OFFICE |
30-06-05 |
S.S.Agarwal, S.C.Agarwal, V.S.Agarwal |
30.000 |
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Vishwanath |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-80-25594145 |
|
Date : |
06.08.2015 |
LOCATIONS
|
Registered Office : |
Ground Floor, No.46 Old No.32/1, 3rd Cross, Aga Abbas Ali Road, Ulsoor, Bangalore – 560042, Karnataka, India |
|
Tel. No.: |
91-80-25594145 / 25594146 |
|
Fax No.: |
91-80-25594147 |
|
E-Mail : |
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|
Website : |
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|
Factory : |
Plot No.30, KIADB Industrial Area, Malur, Kolar – 563160, Karnataka, India |
DIRECTORS
|
Name : |
Shanti Swarup Aggarwal |
|
Designation : |
Managing director |
|
Address : |
Flat-12, Tivoli Court, 1a, Ballygunge Circular Road, Kolkata - 700019, West Bengal, India |
|
Date of Appointment : |
11.01.1993 |
|
DIN No.: |
00322011 |
|
|
|
|
Name : |
Narendra Haldawar |
|
Designation : |
Additional director |
|
Address : |
J.H Patel Extension, Kashipura, Shimoga - 577204, Karnataka, India |
|
Date of Appointment : |
31.12.2014 |
|
DIN No.: |
01633735 |
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|
|
|
Name : |
Anisha Agarwal |
|
Designation : |
Director |
|
Address : |
Flat-12, Tivoli Court, 1a, Ballygunge Circular Road, Kolkata - 700019, West Bengal, India |
|
Date of Appointment : |
08.07.2013 |
|
DIN No.: |
01961776 |
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|
|
|
Name : |
Philip Jan Clement Maria Jozef Van Bosstraeten |
|
Designation : |
Director |
|
Address : |
Emiel Vanderveldestraat 29, Brugge, 8200, Belgium |
|
Date of Appointment : |
07.11.2014 |
|
DIN No.: |
02600487 |
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|
|
|
Name : |
Swapan Kumar Majumder |
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Designation : |
Director |
|
Address : |
3/C, Hind Road New Santoshpur, P.O. Santoshpur, Kolkata - 700075, West Bengal, India |
|
Date of Appointment : |
04.08.2010 |
|
DIN No.: |
03178122 |
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|
|
|
Name : |
Satish Narayana Swamy |
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Designation : |
Director |
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Address : |
No-71, Muddalahalli Village, Chintamani TQ, Chikballapur - 563125, Karnataka, India |
|
Date of Appointment : |
19.09.2013 |
|
DIN No.: |
05264105 |
KEY EXECUTIVES
|
Name : |
Sudhir Kulkarni |
|
Designation : |
CFO |
|
Address : |
# 9, Sweet Homes Layout, Uttara Halli, Kengeri Main Road, Srinivasapura, Bangalore - 560060, Karnataka, India |
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Experience : |
AFEPK8240D |
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Date of Appointment : |
02.03.2015 |
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|
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|
Name : |
Sutheja K.J |
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Designation : |
Secretary |
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Address : |
#288, 11th Cross, Telecom Layout, Vijayanagar Pipeline, Bangalore - 560023, Karnataka, India |
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Experience : |
AVRPJ0315M |
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Date of Appointment : |
30.04.2015 |
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|
Name : |
Mr. Vishwanath |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2015
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
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||
|
(A) Shareholding of
Promoter and Promoter Group |
||
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|
|
|
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|
3122609 |
29.74 |
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|
850000 |
8.09 |
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|
3972609 |
37.83 |
|
|
|
|
|
|
1484691 |
14.14 |
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|
1484691 |
14.14 |
|
Total shareholding of
Promoter and Promoter Group (A) |
5457300 |
51.97 |
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|
(B) Public Shareholding |
||
|
|
|
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|
|
1000600 |
9.53 |
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|
1000600 |
9.53 |
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|
|
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|
534000 |
5.09 |
|
|
|
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|
Individual shareholders
holding nominal share capital up to Rs. 0.100 Million |
1421300 |
13.54 |
|
Individual shareholders holding
nominal share capital in excess of Rs. 0.100 Million |
1837800 |
17.50 |
|
|
249800 |
2.38 |
|
|
249800 |
2.38 |
|
|
4042900 |
38.50 |
|
Total Public shareholding
(B) |
5043500 |
48.03 |
|
|
|
|
|
Total (A)+(B) |
10500800 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
10500800 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
manufacture and export of whole egg/yolk/albumen powders or frozen. |
|
|
|
|
Products : |
Egg/yolk/albumen powders or frozen. |
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|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Guru and Jana Chartered Accountants |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
Companies in which
directors are interested: |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not
Available
Issued, Subscribed & Paid-up Capital : Rs.105.008 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,000,000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,500,800 |
Equity Shares |
Rs.10/- each |
Rs.105.008 Million |
Terms / rights
attached to equity shares
The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity is entitled to one vote per share.
The Company declares and pays dividends in Indian Rupees.
In the event of liquidation of the company the holders of Equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the Shareholders.
Details of
shareholders holding more than 5% shares in the company
|
Particulars |
31.03.2014 |
|
|
|
No. of Shares |
% Holding |
|
Ovobel NV |
1484691 |
14.14% |
|
Shanti Swarup Aggarwal |
761409 |
7.25% |
|
Vinita Aggarwal |
618400 |
5.89% |
|
Utsav Parekh |
546900 |
5.21% |
As per of the Company, including its register of shareholders / members and other declaration received from shareholders regarding beneficial interest, the above shareholding represent both legal and beneficial ownership of shares.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
105.008 |
105.008 |
105.008 |
|
(b) Reserves &
Surplus |
(7.837) |
(198.359) |
(159.405) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Capital Reserve |
0.000 |
48.935 |
48.935 |
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
97.171 |
(44.416) |
(5.462) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
12.775 |
12.775 |
12.775 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.730 |
6.270 |
5.101 |
|
Total Non-current
Liabilities (3) |
20.505 |
19.045 |
17.876 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
151.747 |
96.507 |
107.253 |
|
(b) Trade payables |
32.290 |
54.408 |
85.596 |
|
(c) Other current
liabilities |
254.219 |
248.563 |
30.881 |
|
(d) Short-term provisions |
0.843 |
0.000 |
0.413 |
|
Total Current Liabilities
(4) |
439.099 |
399.478 |
224.143 |
|
|
|
|
|
|
TOTAL |
556.775 |
374.107 |
236.557 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
24.659 |
22.707 |
22.451 |
|
(ii) Intangible Assets |
0.000 |
0.327 |
0.096 |
|
(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 |
0.250 |
0.250 |
0.270 |
|
(c) Deferred tax assets
(net) |
10.860 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.911 |
4.975 |
3.036 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
38.680 |
28.259 |
25.853 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
62.612 |
63.843 |
51.542 |
|
(c) Trade receivables |
127.521 |
111.219 |
101.593 |
|
(d) Cash and cash
equivalents |
217.480 |
151.768 |
48.803 |
|
(e) Short-term loans and
advances |
24.507 |
9.606 |
5.564 |
|
(f) Other current assets |
85.975 |
9.412 |
3.202 |
|
Total Current Assets |
518.095 |
345.848 |
210.704 |
|
|
|
|
|
|
TOTAL |
556.775 |
374.107 |
236.557 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
982.965 |
1054.182 |
832.726 |
|
|
Other Income |
84.434 |
70.208 |
42.771 |
|
|
TOTAL |
1067.399 |
1124.390 |
875.497 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
743.940 |
766.557 |
724.030 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.227) |
(11.246) |
(12.301) |
|
|
Employees benefits
expense |
48.061 |
47.334 |
37.794 |
|
|
Other expenses |
126.518 |
126.034 |
108.727 |
|
|
TOTAL |
918.292 |
928.679 |
858.250 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
149.107 |
195.711 |
17.247 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
12.218 |
232.243 |
15.444 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
136.889 |
(36.532) |
1.803 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.599 |
2.422 |
4.681 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
134.290 |
(38.954) |
(2.878) |
|
|
|
|
|
|
|
Less |
TAX |
42.141 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
92.149 |
(38.954) |
(2.878) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
1007.861 |
762.194 |
|
|
TOTAL EARNINGS |
NA |
1007.861 |
762.194 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and Stores
parts |
NA |
2.226 |
0.542 |
|
|
TOTAL IMPORTS |
NA |
2.226 |
0.542 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
8.78 |
(3.71) |
(0.27) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from (used in) operations |
NA |
340.693 |
20.723 |
|
Net Cash flow from (used in) operating activities |
NA |
340.693 |
20.723 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.37 |
(3.70) |
(0.35) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
15.17 |
18.57 |
2.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.61 |
(10.42) |
(1.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.38 |
0.88 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.69 |
(2.46) |
(21.98) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
0.87 |
0.94 |
STOCK
PRICES
|
Face Value |
-- |
|
Market Value |
-- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
105.008 |
105.008 |
105.008 |
|
Reserves & Surplus |
(159.405) |
(198.359) |
(7.837) |
|
Capital Reserve |
48.935 |
48.935 |
0.000 |
|
Net worth |
(5.462) |
(44.416) |
97.171 |
|
|
|
|
|
|
long-term borrowings |
12.775 |
12.775 |
12.775 |
|
Short term borrowings |
107.253 |
96.507 |
151.747 |
|
Total borrowings |
120.028 |
109.282 |
164.522 |
|
Debt/Equity ratio |
(21.975) |
(2.460) |
1.693 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
832.726 |
1054.182 |
982.965 |
|
|
|
26.594 |
(6.756) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
832.726 |
1054.182 |
982.965 |
|
Profit/Loss |
(2.878) |
(38.954) |
92.149 |
|
|
(0.35%) |
(3.70%) |
9.37% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90197493 |
29/01/1999 |
7,500,000.00 |
KARNATAKA STATE INDUSTRIAL INVESTMENT AND DEVELOPM |
MISL HOUSE, 36 CUNNINGHAM ROAD, BANGALORE, KARNAT |
- |
|
2 |
90197218 |
24/10/2013 * |
130,000,000.00 |
VIJAYA BANK |
OVERSEAS BRANCH, SHRUTHA COMPLEX, NO.19, PRIME RO |
B88446513 |
|
3 |
90197205 |
29/04/1997 |
35,000,000.00 |
VIJAYA BANK |
MAYOHALL BRANCH, BANGALORE, KARNATAKA - 560001, IN |
- |
|
4 |
90197193 |
22/12/2006 * |
40,000,000.00 |
VIJAYA BANK |
OVERSEAS BRANCH, NO.19, SHRUTHA COMPLEX, PRIME RO |
- |
|
5 |
90197130 |
29/01/1999 * |
5,000,000.00 |
KARNATAKA STATE INDUSTRIAL INVESTMENT AND DEVELOPM |
MISL HOUSE, 36 CUNNINGHAM ROAD, BANGALORE, KARNAT |
- |
|
6 |
90197007 |
29/01/1999 * |
5,000,000.00 |
KARNATAKA STATE INDUSTRIAL INVESTMENT AND DEVELOPM |
MISL HOUSE, 36 CUNNINGHAM ROAD, BANGALORE, KARNAT |
- |
|
7 |
90198863 |
08/12/1995 |
13,500,000.00 |
ANDHRA BANK |
CHOWRINGHEE BRANCH, 58 CHWRINGHEE ROAD, CALCUTTA, |
- |
* Date of charge modification
FIXED ASSETS
- Land and Building
- Factory Building
- Office Equipment
- Furniture and Fixture
- Plant and Machinery
- Vehicles
- Computer and Accessories
- Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.81 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.