MIRA
INFORM REPORT
|
Report No. : |
305391 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
NATH BIO-GENES ( |
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|
Registered
Office : |
Nath House, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.07.1993 |
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|
Com. Reg. No.: |
11-072842 |
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|
Capital
Investment / Paid-up Capital : |
Rs.160.040 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
L01110MH1993PLC072842 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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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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Line of Business
: |
Subject produces and sells seeds. It operates in two segments, Agricultural Activities and Trading Activities (Seed Production). |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2300000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity positon and decent profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
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
31-03-2014.
LOCATIONS
|
Registered Office / Plant
Location: |
Nath House, Nath Road, Aurangabad - 431005, Maharashtra, India |
|
Tel. No.: |
91- 240-2376314 |
|
Fax No.: |
91- 240-2376188 |
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E-Mail : |
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Administrative
Office: |
1, Chateau Windsor, 86, Veer Nariman Road, Churchgate, Mumbai – 400 020, Maharashtra, India |
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Corporate Office: |
P.B No 318, Aurangabad, Maharashtra, India |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Nandkishor Kagliwal |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Satish Kagliwal |
|
Designation: |
Director |
|
|
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|
Name : |
Mr. Hitesh Purohit |
|
Designation : |
Director |
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|
Name : |
Mr. Kashinath Iyer |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Devinder Khurana |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Category of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
469 |
0.00 |
|
|
7624737 |
47.64 |
|
|
7625206 |
47.65 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
7625206 |
47.65 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
2200 |
0.01 |
|
|
40194 |
0.25 |
|
|
550 |
0.00 |
|
|
880 |
0.01 |
|
|
880 |
0.01 |
|
|
43824 |
0.27 |
|
|
|
|
|
|
4667577 |
29.17 |
|
|
|
|
|
|
3266689 |
20.41 |
|
|
280861 |
1.75 |
|
|
119843 |
0.75 |
|
|
86378 |
0.54 |
|
|
33465 |
0.21 |
|
|
8334970 |
52.08 |
|
Total Public shareholding (B) |
8378794 |
52.35 |
|
Total (A)+(B) |
16004000 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts have
been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
16004000 |
0.00 |
%20LIMITED%20-%20305391%2004-Feb-2015_files/image002.gif){kind=small}
%20LIMITED%20-%20305391%2004-Feb-2015_files/image003.gif){kind=small}
%20LIMITED%20-%20305391%2004-Feb-2015_files/image004.gif){kind=small}
%20LIMITED%20-%20305391%2004-Feb-2015_files/image006.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject produces and sells seeds. It operates in two
segments, Agricultural Activities and Trading Activities (Seed Production). |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
Janakalyan Sahakari Bank Limited, 140, Vivek Darshan,
Sindhi Society, Opposite Bhakti Bhavan, Chembu,, Mumbai - 400071,
Maharashtra, India |
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
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|
Auditors : |
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|
Name : |
Gautam N Associates Chartered Accountants |
|
Address : |
Shangrilla Complex, 2nd Floor, C.B.S. Road, Aurangabad – 431005, Maharashtra, India |
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|
|
|
Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates: |
· Global Transgenes Limited · Agri Tech (India) Limited · Nath Biotechnologies Limited · Nath Royal Seed Limited |
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|
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Subsidiary Company: |
· Paithan Mega Food Park Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16500000 |
Equity Shares |
Rs.10/- each |
Rs. 165.000 Millions |
|
50000 |
16% Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 170.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16004000 |
Equity Shares |
Rs.10/- each |
Rs. 160.040
Millions |
|
|
|
|
|
NOTE:
The Reconciliation of
the numbers of Shares outstanding stated below:-
|
PARTICULARS |
AS AT 31st MARCH
2014 |
|
|
|
Number |
Rs. In Millions |
|
Equity Shares |
|
|
|
Shares outstanding at the beginning of the year |
16004000 |
160.040 |
|
Shares Issued during the year |
0.000 |
0.000 |
|
Shares Bought-back during the year |
0.000 |
0.000 |
|
Shares outstanding at the end of the year |
16004000 |
160.040 |
Details of
Shareholders holding more than 5% Shares in the company
|
PARTICULARS |
AS AT 31st MARCH 2014 |
|
|
|
No. of Shares |
% of Holding |
|
Akash Farms Private Limited |
18,65,930 |
11.66 |
|
Ashu Farms Private Limited |
18,50,000 |
11.56 |
|
Nath Royal Limited |
10,81,543 |
6.76 |
|
ARC Trust Fund |
38,41,753 |
24.00 |
|
Agri-Tech India Limited |
9,58,247 |
5.99 |
|
|
95,97,473 |
59.97 |
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 |
160.040 |
160.040 |
160.040 |
|
(b) Reserves & Surplus |
657.741 |
414.701 |
297.244 |
|
(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) |
817.781 |
574.741 |
457.284 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.180 |
12.242 |
7.738 |
|
(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 |
16.456 |
14.687 |
14.129 |
|
Total
Non-current Liabilities (3) |
30.636 |
26.929 |
21.867 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
196.118 |
164.241 |
81.647 |
|
(b) Trade payables |
392.638 |
273.579 |
163.604 |
|
(c) Other current liabilities |
459.969 |
386.925 |
474.599 |
|
(d) Short-term provisions |
2.141 |
2.920 |
0.550 |
|
Total
Current Liabilities (4) |
1050.866 |
827.665 |
720.400 |
|
|
|
|
|
|
TOTAL |
1899.283 |
1429.335 |
1199.551 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
82.411 |
67.431 |
58.681 |
|
(ii) Intangible Assets |
82.941 |
116.465 |
149.989 |
|
(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 |
0.021 |
49.959 |
5.056 |
|
(c) Deferred tax assets (net) |
9.350 |
9.030 |
8.624 |
|
(d) Long-term Loan and Advances |
132.048 |
0.000 |
15.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
306.771 |
242.885 |
237.350 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
49.940 |
0.000 |
0.000 |
|
(b) Inventories |
885.684 |
771.745 |
657.557 |
|
(c) Trade receivables |
351.695 |
209.862 |
124.520 |
|
(d) Cash and cash equivalents |
22.135 |
24.776 |
32.909 |
|
(e) Short-term loans and
advances |
261.116 |
165.388 |
134.555 |
|
(f) Other current assets |
21.942 |
14.679 |
12.660 |
|
Total
Current Assets |
1592.512 |
1186.450 |
962.201 |
|
|
|
|
|
|
TOTAL |
1899.283 |
1429.335 |
1199.551 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1894.194 |
1377.029 |
1239.153 |
|
|
Other Income |
5.958 |
5.802 |
9.080 |
|
|
TOTAL
(A) |
1900.152 |
1382.831 |
1248.233 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
93.658 |
89.568 |
61.104 |
|
|
Production expense |
467.072 |
441.332 |
371.294 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(89.370) |
(108.589) |
(23.229) |
|
|
Employees benefits expense |
129.607 |
102.219 |
92.181 |
|
|
Other expenses |
959.713 |
654.636 |
577.092 |
|
|
Prior period expenses |
0.120 |
0.000 |
13.978 |
|
|
TOTAL
(B) |
1560.800 |
1179.166 |
1092.420 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
339.352 |
203.665 |
155.813 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
37.609 |
35.605 |
18.063 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
301.743 |
168.060 |
137.750 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
46.614 |
45.099 |
47.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
255.129 |
122.961 |
90.750 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
12.089 |
5.504 |
-1.256 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
243.040 |
117.457 |
92.006 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
57.020 |
49.126 |
20.098 |
|
|
TOTAL
EARNINGS |
57.020 |
49.126 |
20.098 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchase of Win Chi Win &
Vegetable Seeds |
5.817 |
30.814 |
12.657 |
|
|
TOTAL
IMPORTS |
5.817 |
30.814 |
12.657 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
15.19 |
0.73 |
5.75 |
QUARTERLY RESULTS
|
Particulars |
30.06.2014 |
30.09.2014 |
31.12.2014 |
|
|
1st Quarter |
2nd Quarter |
3rd Quarter |
|
Audited / UnAudited |
UnAudited |
UnAudited |
UnAudited |
|
Net Sales |
1194.700 |
300.600 |
263.300 |
|
Total Expenditure |
872.400 |
261.900 |
214.900 |
|
PBIDT (Excl OI) |
322.300 |
38.700 |
48.500 |
|
Other Income |
0.400 |
0.800 |
2.800 |
|
Operating Profit |
322.700 |
39.500 |
51.200 |
|
Interest |
9.600 |
18.400 |
9.200 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
313.100 |
21.100 |
42.100 |
|
Depreciation |
11.000 |
11.000 |
36.300 |
|
Profit Before Tax |
302.100 |
10.100 |
5.700 |
|
Tax |
0.000 |
0.000 |
0.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
302.100 |
10.100 |
5.700 |
|
Extraordinary Items |
0.000 |
0.000 |
(0.100) |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
302.100 |
10.100 |
5.700 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
12.83 |
8.53 |
7.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
17.92 |
14.79 |
12.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.50 |
8.97 |
7.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.21 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.26 |
0.31 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.43 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
160.040 |
160.040 |
160.040 |
|
Reserves & Surplus |
297.244 |
414.701 |
657.741 |
|
Net
worth |
457.284 |
574.741 |
817.781 |
|
|
|
|
|
|
long-term borrowings |
7.738 |
12.242 |
14.180 |
|
Short term borrowings |
81.647 |
164.241 |
196.118 |
|
Total
borrowings |
89.385 |
176.483 |
210.298 |
|
Debt/Equity
ratio |
0.195 |
0.307 |
0.257 |
%20LIMITED%20-%20305391%2004-Feb-2015_files/image008.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1239.153 |
1377.029 |
1894.194 |
|
|
|
11.127 |
37.557 |
%20LIMITED%20-%20305391%2004-Feb-2015_files/image010.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1239.153 |
1377.029 |
1894.194 |
|
Profit |
92.006 |
117.457 |
243.040 |
|
|
7.42% |
8.53% |
12.83% |
%20LIMITED%20-%20305391%2004-Feb-2015_files/image012.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL HIGHLIGHTS
AND OPERATIONS
Income from operations during the financial year ended 31st March 2014 was at Rs 1894.194 Millions as against Rs 1377.029 Millions representing an increase of approximately 38% over the previous year. Profit after Tax for the year amounted to Rs 243.040 Millions as against Rs 117.456 Millions in the previous year representing an increase of 107%. The increase in profits during the year was on account of enhanced sales, improved product mix and operational efficiencies.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Deferred Sales Tax Loan |
0.601 |
1.761 |
|
Short-term
borrowings |
|
|
|
Deposits from Dealers |
31.089 |
24.282 |
|
From Others |
2.316 |
2.976 |
|
From related parties |
11.219 |
0.000 |
|
Total |
45.225 |
29.019 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10469064 |
23/12/2013 |
150,000,000.00 |
JANAKALYAN SAHAKARI BANK LIMITED |
140, VIVEK DARSHAN,
SINDHI SOCIETY, OPP. BHAKTI |
B93083996 |
|
2 |
10357426 |
23/12/2013 * |
150,000,000.00 |
JANAKALYAN SAHAKARI BANK LIMITED |
140, VIVEK DARSHAN,
SINDHI SOCIETY,, OPP. BHAKTI |
B93080737 |
|
3 |
10286182 |
09/05/2011 |
60,000,000.00 |
JANAKALYAN SAHAKARI BANK LIMITED |
140, VIVEK DARSHAN,
SINDHI SOCIETY,, OPP. BHAKTI |
B12533477 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
Claims against the Company not acknowledged as debts in respect of consumer legal cases. |
4.065 |
0.865 |
|
The liability on account of damages u/s 14B of the Employees Provident Fund and Misc Provisions Act, 1952, which is being contested by the Company in appeal. |
2.545 |
2.545 |
|
Corporate Guarantee given in favour of ICICI Bank towards crop loan taken by the seed growers of the company |
300.000 |
200.000 |
|
Income tax demand for the Assessment year 2010-11, which is being contested by the Company |
32.827 |
0.000 |
|
|
|
|
|
TOTAL |
339.437 |
203.410 |
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31.12.2014
(Rs. In Millions)
|
Particulars
|
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
Nine Months
Ended ( Unaudited) |
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
|
|
|
|
|
1.
Income from operations |
|
|
|
|
a) Net sales/ Income from operation |
263.322 |
300.627 |
1758.652 |
|
2.Expenditure |
|
|
|
|
a) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(103.699) |
34.456 |
(129.151) |
|
b) Cost of material consumed |
202.738 |
116.888 |
822.267 |
|
c) Employees benefit expenses |
59.801 |
24.652 |
122.469 |
|
d) Depreciation and amortization expenses |
39.528 |
38.496 |
412.594 |
|
e) Other expenditure |
36.329 |
10.996 |
58.329 |
|
Total expenses |
16.477 |
47.412 |
120.950 |
|
3. Profit from operations before other income and
financial costs |
251.175 |
272.900 |
1407.459 |
|
4. Other income |
12.148 |
27.727 |
351.194 |
|
5. Profit from ordinary activities before finance costs |
14.902 |
0.746 |
3.886 |
|
6. Finance costs |
9.156 |
28.473 |
355.079 |
|
7. Net profit/(loss) from ordinary
activities after finance costs but before exceptional items |
5.746 |
18.361 |
37.091 |
|
8. Exceptional
item |
0.000 |
0.000 |
0.000 |
|
9. Profit from ordinary
activities before tax Expense: |
5.746 |
10.112 |
317.988 |
|
10.Tax expenses |
0.000 |
0.000 |
0.000 |
|
11.Net Profit / (Loss) from ordinary activities
after tax (9-10) |
5.746 |
10.112 |
317.988 |
|
12.Extraordinary Items (net
of tax expense) |
0.092 |
0.005 |
0.097 |
|
13.Net Profit / (Loss) for
the period (11 -12) |
5.653 |
10.107 |
317.890 |
|
14.Paid-up equity share capital (Nominal
value Rs.10/- per share) |
160.040 |
160.040 |
160.040 |
|
15. Reserve excluding Revaluation Reserves as per balance sheet of
previous accounting year |
975.631 |
969.978 |
975.631 |
|
16.i) Earnings per share (before
extraordinary items) of Rs.10/- each) (not annualised): |
|
|
|
|
(a) Basic and Diluted |
0.35 |
0.63 |
19.86 |
|
Particulars
|
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
Half Year Ended ( Unaudited) |
|
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|
A. Particulars of shareholding |
|
|
|
|
1. Public Shareholding |
|
|
|
|
- Number of shares |
8321902 |
8378794 |
8288769 |
|
- Percentage of shareholding |
52.00 |
52.35 |
51.79 |
|
2. Promoters and Promoters group Shareholding- |
|
|
|
|
a) Pledged /Encumbered |
|
|
|
|
Number of shares |
4420287 |
4420287 |
4320287 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
57.54 |
57.97 |
56.00 |
|
Percentage of shares (as a % of total share capital of the
company) |
27.62 |
27.62 |
27.00 |
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
Number of shares |
3261811 |
3204919 |
3394944 |
|
Percentage of shares (as a % of total shareholding of the promoter
and promoter group) |
42.46 |
42.03 |
44.00 |
|
Percentage of shares (as a % of total share capital of the
company) |
20.38 |
20.03 |
21.21 |
NOTE:
Above financial results were taken on record by the Board of Directors in their meeting held on October 30, 2014.
The Company's nature of business is seasonal. The major sales of the Company
take place during April-June quarter. Both Sales and Operating Profit figures
need to be compared accordingly.
The Company is Dealing in one major product segment.
The trade discount has been shown as part of the profit & Loss Account
instead of netting the same from sales as a Company policy. However this has no
effect on the profitability of the Company.
The qualifications of the auditor's referred in the last audited accounts for
the year ended March 31, 2014, have been adequately explained in the point (6)
above.
The earlier period figures have been regrouped/rearranged where necessary.
FIXED ASSETS
Tangible Assets
· Freehold Land
· Farm Shed
· Live Stock
· Plant and Machineries
· Laboratory Equipment
· Agricultural Equipments
· Office Equipments
· EDP Equipments
· Furniture and Fixture
· Motor Car and Light Vehicle
Intangible Assets
· Brands, Trademarks and Marketing Rights
· Seed Development Know How
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 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.61.74 |
|
|
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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.