MIRA INFORM REPORT
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Report No. : |
311663 |
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Report Date : |
11.03.2015 |
IDENTIFICATION DETAILS
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Name : |
LIBERTY OIL MILLS LIMITED |
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Registered
Office : |
Village Banme Taluka Shahanpur, Thane – 421602, |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.04.1978 |
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Com. Reg. No.: |
11-020274 |
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Capital Investment
/ Paid-up Capital : |
Rs. 100.000 Million |
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CIN No.: [Company Identification
No.] |
U15140MH1978PLC020274 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACL0888N |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of refined oils and vansapati. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Exists |
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Comments : |
Subject is an established company having moderate track record. Profitability of the company seems to be low during 2014. However, general
financial position of the company appears to be decent. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
INFORMATION DECLINED
Management Non Cooperative (91-22-66381000)
LOCATIONS
|
Registered Office/Factory : |
Village Banme Taluka Shahanpur, Thane – 421602, |
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Tel. No.: |
91-2527-274000 / 2520320 |
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Fax No.: |
91-2527-274050 / 2520620 |
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E-Mail : |
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Head Office : |
D Wing, |
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Tel. No.: |
91-22-66381000 |
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Fax No.: |
91-22-66381050 |
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E-Mail : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Parvez H. Kader |
|
Designation : |
Managing Director |
|
Address : |
Liberty House, 31, Farooq S. Oomerbhoy Path, Byculla, Mumbai – 400008, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1959 |
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Date of Appointment : |
03.04.1978 |
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DIN No.: |
00546469 |
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PAN No.: |
AADPK3302L |
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Name : |
Mr. Esmail A Kader |
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Designation : |
Whole time Director |
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Address : |
Liberty House, 31, Farooq S. Oomerbhoy Path, Byculla, Mumbai – 400008, Maharashtra, India |
|
Date of Birth/Age : |
25.06.1927 |
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Date of Appointment : |
03.04.1978 |
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DIN No.: |
00547164 |
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PAN No.: |
AADPK3301K |
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|
Name : |
Mr. Ibrahim A Kader |
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Designation : |
Whole time Director |
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Address : |
Liberty House, 31, Farooq S. Oomerbhoy Path, Byculla, Mumbai – 400008, Maharashtra, India |
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Date of Birth/Age : |
22.07.1936 |
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Date of Appointment : |
27.07.1987 |
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DIN No.: |
00547190 |
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PAN No.: |
AADPK4656M |
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Name : |
Mr. Afzal E. Kader |
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Designation : |
Director |
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Address : |
Liberty House, 31, Farooq S. Oomerbhoy Path, Byculla, Mumbai – 400008, Maharashtra, India |
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Date of Birth/Age : |
03.10.1953 |
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Date of Appointment : |
30.01.2003 |
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DIN No.: |
01275547 |
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PAN No.: |
AANPK7297C |
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Name : |
Mr. Najib H Kader |
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Designation : |
Director |
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Address : |
Liberty House, 31, Farooq S. Oomerbhoy Path, Byculla, Mumbai – 400008, Maharashtra, India |
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Date of Birth/Age : |
14.11.1967 |
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Date of Appointment : |
30.01.2003 |
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DIN No.: |
00547214 |
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PAN No.: |
AADPK1640H |
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Name : |
Mr. Zaid Afzal Kader |
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Designation : |
Whole time Director |
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Address : |
Liberty House, 31, Farooq S. Oomerbhoy Path, Byculla, Mumbai – 400008, Maharashtra, India |
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Date of Birth/Age : |
31.01.1989 |
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Date of Appointment : |
17.06.2011 |
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DIN No.: |
03554382 |
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PAN No.: |
AADPK3553H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
SHAREHOLDING DETAIL FILE ATTACHED
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
12.30 |
|
Directors or relatives of Directors |
86.41 |
|
Other |
1.29 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of refined oils and vansapati. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
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 : |
Bank of India - Lead Bank, Mumbai Large Corporate Br., Oriental Building, Ground Floor, 364, D.N. Road, Fort, Mumbai - 400001, Maharashtra, India
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Facilities : |
(Rs.
In Million)
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
B. M Mehta and Company Chartered Accountants |
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Address : |
11 A, Keval Mahal, 5th floor Near Vankhade Stadium, Netaji
subhash Chandra Road, Marine Drive, Mumbai – 400020, Maharashtra, India |
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PAN No.: |
AEYPM5207M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Others : |
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CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
1312.301 |
1202.214 |
1095.712 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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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) |
1412.301 |
1302.214 |
1195.712 |
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(3)
Non-Current Liabilities |
|
|
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|
(a) long-term borrowings |
4.312 |
4.087 |
5.808 |
|
(b) Deferred tax liabilities (Net) |
78.209 |
78.947 |
69.202 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
82.521 |
83.034 |
75.010 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
1809.648 |
907.940 |
577.640 |
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(b) Trade
payables |
3710.317 |
9338.186 |
18515.734 |
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(c) Other
current liabilities |
96.829 |
116.064 |
96.092 |
|
(d) Short-term
provisions |
0.250 |
0.300 |
0.200 |
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Total Current
Liabilities (4) |
5617.044 |
10362.490 |
19189.666 |
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TOTAL |
7111.866 |
11747.738 |
20460.388 |
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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 |
893.601 |
946.107 |
854.450 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
11.358 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
28.938 |
28.938 |
28.928 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
124.007 |
80.798 |
63.170 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1046.546 |
1055.843 |
957.906 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2557.625 |
2911.771 |
3594.143 |
|
(c) Trade
receivables |
311.722 |
731.240 |
336.288 |
|
(d) Cash
and cash equivalents |
3005.819 |
6850.639 |
14459.457 |
|
(e)
Short-term loans and advances |
190.154 |
198.245 |
340.799 |
|
(f) Other
current assets |
0.000 |
0.000 |
771.795 |
|
Total
Current Assets |
6065.320 |
10691.895 |
19502.482 |
|
|
|
|
|
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TOTAL |
7111.866 |
11747.738 |
20460.388 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
16842.009 |
19910.886 |
23285.878 |
|
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Other Income |
470.774 |
951.273 |
1269.407 |
|
|
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TOTAL (A) |
17312.783 |
20862.159 |
24555.285 |
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Less |
EXPENSES |
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|
Cost of Materials Consumed |
7069.061 |
13134.976 |
11311.553 |
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Purchases of Stock-in-Trade |
7159.954 |
4834.137 |
11362.472 |
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
736.898 |
165.563 |
(763.358) |
|
|
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Employees benefits expense |
265.656 |
237.828 |
182.242 |
|
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Other expenses |
1730.220 |
2121.402 |
2065.314 |
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TOTAL (B) |
16961.789 |
20493.906 |
24158.223 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
350.994 |
368.253 |
397.062 |
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Less |
FINANCIAL
EXPENSES (D) |
107.839 |
114.069 |
81.646 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
243.155 |
254.184 |
315.416 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
96.446 |
100.325 |
84.554 |
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PROFIT BEFORE TAX
(E-F) (G) |
146.709 |
153.859 |
230.862 |
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|
Less |
TAX (H) |
34.976 |
44.685 |
68.367 |
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|
PROFIT AFTER TAX
(G-H) (I) |
111.733 |
109.174 |
162.495 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
316.890 |
257.716 |
195.221 |
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Less |
APPROPRIATIONS |
|
|
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|
|
|
|
Transfer to General Reserve |
50.000 |
50.000 |
100.000 |
|
|
BALANCE CARRIED
TO THE B/S |
378.623 |
316.890 |
257.716 |
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Earnings Per
Share (Rs.) |
11.17 |
10.92 |
16.25 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.66 |
0.55 |
0.70 |
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Operating Profit Margin (PBIDT/Sales) |
(%) |
2.08 |
1.85 |
1.71 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.07 |
1.31 |
1.13 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.12 |
0.19 |
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Debt Equity Ratio (Total Debt /Networth) |
|
1.28 |
0.70 |
0.49 |
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Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.03 |
1.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
1095.712 |
1202.214 |
1312.301 |
|
Net worth |
1195.712 |
1302.214 |
1412.301 |
|
|
|
|
|
|
long-term borrowings |
5.808 |
4.087 |
4.312 |
|
Short term borrowings |
577.640 |
907.940 |
1809.648 |
|
Total borrowings |
583.448 |
912.027 |
1813.960 |
|
Debt/Equity ratio |
0.488 |
0.700 |
1.284 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
23285.878 |
19910.886 |
16842.009 |
|
|
|
(14.494) |
(15.413) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
23285.878 |
19910.886 |
16842.009 |
|
Profit |
162.495 |
109.174 |
111.733 |
|
|
0.70% |
0.55% |
0.66% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
`
|
LITIGATION DETAILS |
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Bench:- Bombay |
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Presentation Date: 17/06/2014 |
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Lodging No. : |
STRL/23/2014 |
Failing Date:- |
17/06/2014 |
Reg. No.:- |
STR/41/2014 |
Reg. Date:- |
11/09/2014 |
|
Petitioner:- |
THE COMMISSIONER OF SALES TAX |
Respondent:- |
LIBERTY OIL MILLS LIMITED |
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Petn.Adv:- |
GOVERNMENT PLEADER (0) |
Resp. Adv.: |
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District:- |
MUMBAI |
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Bench:- |
DIVISION |
Category:- |
SALES TAX REFERENCES |
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Status:- |
Pre-Admission |
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Act. : |
Sales Tax Act 1979 |
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PERFORMANCE
During the year, the Company reported a sales turnover and other income of Rs. 17312.800 Million as against Rs. 20862.200 Million of corresponding last financial year. Profit before tax is Rs. 146.709 Million, as against previous year's figure of Rs. 153.859 Million, while Profit after tax is Rs. 111.732 Million, as against previous year's figure of Rs. 109.174 Million.
OPERATIONS
The Directors believe that sustained investments behind "Sunday" brand by way of innovation, consumer communication and continued focus on market development will benefit in creating long term value.
The Company embarked on a plan to increase packaged oil business growth and for which strategic actions were put into the market during the year.
Despite the competition and economic factors prevailing in the industry, your Company hopes to achieve better sales margin in the current year.
UNSECURED LOAN
Rs. In Million
|
Particular |
As
on 31.03.2014 |
As
on 31.03.20163 |
|
Long-term
borrowings |
|
|
|
Deposits from others |
4.312 |
4.087 |
|
Short-term
borrowings |
|
|
|
Term loans |
1564.470 |
907.940 |
|
Total |
1568.782 |
912.027 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90151288 |
20/11/2012 * |
10,365,000,000.00 |
BANK OF INDIA - LEAD BANK |
MUMBAI LARGE CORPORATE BR., ORIENTAL BUILDING, GROUND FLOOR, 364, D.N. ROAD, FORT,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B63268171 |
|
2 |
90150968 |
29/06/2002 * |
100,000,000.00 |
THE JAMMU & KASHMIR BANK LTD. |
FORT CHAMBERS; HOMI MODI CROSS LANE NO. 2, AMBALAL DOSHI MARG;
FORT, MUMBAI, MAHARASHTRA - 400023, |
- |
|
3 |
90150940 |
08/08/2002 * |
898,000,000.00 |
BANK OF INDIA |
CHURCHGATE BRANCH; J TATA ROAD, EROS THEATRE BUILDING, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
4 |
90151548 |
06/07/2002 * |
898,000,000.00 |
BANK OF INDIA |
CHURCHGATE BRANCH; J TATA ROAD, EROS THEATRE BUILDING, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
5 |
90151542 |
01/10/2001 |
25,000,000.00 |
THE JAMMU & KASHMIR BANK LTD. |
FORT CHAMBERS; HOMI MODI CROSS LKANE NO. 2, AMBALAL DOSHI
MARG; FORT, MUMBAI, MAHARASHTRA - 400023, |
- |
|
6 |
90152349 |
25/02/2004 * |
370,000,000.00 |
BANK OF INDIA |
CHURCHGATE BRANCH; EROS THEATRE BUILDING, JAMSHEDJI TATA ROAD, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
7 |
90150250 |
28/03/1994 * |
25,000,000.00 |
THE SOUTH INDIAN BANK LTD. |
EMCA HOUSE, FORT, BOMBAY, MAHARASHTRA - 400038, INDIA |
- |
|
8 |
90150196 |
04/12/1991 |
7,200,000.00 |
THE STATE INDU. & INVE. CORPO. OF MAHARASHTRA LTD. |
NARMAL; 1ST FLOOR, NARIMAN POINT, BOMBAY, MAHARASHTRA - 400021, INDIA |
- |
|
9 |
90149654 |
18/12/1992 * |
103,032,000.00 |
BANK OF INDIA |
CHURCHGATE BRANCH; EROS THEATRE BUILDING, JAMSHEDJI TATA ROAD; POST BOX. NO. 1276, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
10 |
90150116 |
10/08/1988 |
626,000.00 |
BANK OF INDIA |
CHURCHGATE BRANCH, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
11 |
90150099 |
11/08/1987 |
1,000,000.00 |
BANK OF INDIA |
CHURCHGATE BRANCH; J TATA ROAD, P. B. NO. 1275, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
12 |
90150098 |
29/11/1995 * |
10,000,000.00 |
BANK OF INDIA |
CHURCHGATE BRANCH; EROS THEATRE BUILDING, JAMSHEDJI TATA ROAD, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
13 |
90150036 |
02/09/1983 * |
100,000.00 |
BANK OF INDIA |
CHURCHGATE BRANCH; EROS THEATRE BUILDING, J. TATA |
- |
|
14 |
90152310 |
21/01/1983 * |
26,392,915.00 |
BANK OF INDIA |
CHURCHGATE BRANCH; J. TETA ROAD, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
15 |
90149988 |
17/07/1978 |
3,970,000.00 |
BANK OF INDIA |
MANDWLI BRANCH, BOMBAY, MAHARASHTRA - 400009, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
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.62.70 |
|
|
1 |
Rs.94.55 |
|
Euro |
1 |
Rs.67.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.