MIRA INFORM REPORT
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Report No. : |
315092 |
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Report Date : |
31.03.2015 |
IDENTIFICATION DETAILS
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Name : |
ALOK INDUSTRIES LIMITED |
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Registered
Office : |
17/5/1, 521/1, Village Rakholi, Saily, Silvassa – 396230, Dadra and Nagar Haveli |
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Country : |
India |
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Financials (as
on) : |
30.09.2014 (Unaudited) |
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Date of
Incorporation : |
12.03.1986 |
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Com. Reg. No.: |
54-000334 |
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Capital
Investment / Paid-up Capital : |
Rs.13771.300
Million |
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CIN No.: [Company Identification
No.] |
L17110DN1986PLC000334 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA02206B MUMA19032G |
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PAN No.: [Permanent Account No.] |
AAACA0201C |
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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
: |
Manufacturer of Textile products. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (50) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 20000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. However, the ratings takes into account the moderation in liquidity
position on account of increase in receivables. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct and as per commitments. The company can be considered normal for 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long Term Bank Facilities - Term Loan =
“BBB-” |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
01.10.2014 |
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Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities - Term Loan =
“A3” |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
01.10.2014 |
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 : |
17/5/1, 521/1, Village Rakholi, Saily, Silvassa – 396230, Dadra and Nagar Haveli, India |
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Tel. No.: |
91-260-3087000 |
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Fax No.: |
91-260-2645289 |
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E-Mail : |
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Website : |
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Corporate Office : |
Tower B, 2nd and 3rd Floor, Peninsula Tower ‘A’ Wing,
Peninsula Corporate Park, G.K. Marg, Lower Parel, Mumbai – 400013,
Maharashtra, India |
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Tel. No. : |
91-22-24996200/ 6500 |
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Fax No.: |
91-22-24936078 |
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E-Mail : |
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Factory 1 : |
B-43, Mittal Tower, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Tel. No.: |
91-22-22874865/ 22832923/ 24940129/ 22845233/ 22881279/ 22832923 |
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Fax No.: |
91-22-22874864/ 24936078 |
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E-Mail : |
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Works : |
Spinning 412, Saily, Silvassa, Dadra and Nagar Haveli, India Weaving a) 17/5/1 and 521/1, Rakholi / Saily, Silvassa, Dadra and Nagar
Haveli, India b) 209/1 and 209/4, Dadra, of Dadra and Nagar Haveli, India c) Babla Compound, Kalyan Road, Bhiwandi, District Thane, Maharashtra,
India Processing a) 254, 261, 268, Balitha, Taluka Pardi, District Valsad, Gujarat,
India b) C-16/2, Village Pawane, TTC Industrial Area, MIDC, Navi Mumbai
District Thane, Maharashtra, India Knitting 412, Saily, Silvassa, Dadra and Nagar Haveli, India Hemming 103/2, Rakholi, Silvassa, of Dadra and Nagar Haveli, India Polyester Yarn
(POY and Texturised Yarn) 521/1, Village Saily, Silvassa, Dadra and Nagar Haveli, India Garments a) 374/2/2, Saily, Silvassa Khanvel Road, Dadra and Nagar Haveli,
India b) 17/5/1, Rakholi, Silvassa, Dadra and Nagar Haveli, India c) 273/1/1, Hingraj Industrial Estate, Atiawad, Daman, India d) 50/P2, 52/P1, Morai, Taluka Pardi, District Valsad, Gujarat, India Made ups a) 374/2/2, Saily, Silvassa Khanvel Road, Dadra and Nagar Haveli,
India b) 149/150, Morai Taluka, Pardi, District Valsad, Gujarat, India Home Textiles Bed Linen a) 374/2/2, Saily, Silvassa, Dadra and Nagar Haveli, India b) 149/150, Morai Taluka, Pardi, District Valsad, Gujarat, India Terry Towel 263/P1 and 251/2P1 Balitha, Taluka Pardi, District Valsad, Gujarat,
India Poy/ Texturing 521/1, Saily, Silvassa, Union Territory of Dadra and Nagar Haveli,
India Hamming 103/2, Rakholi, Silvassa, Union Territory of Dadra and Nagar Haveli,
India Continuous
Polymerization Plant 17/5/1 and 521/1, Rakholi / Saily, Silvassa, Union Territory of Dadra
and Nagar Haveli, India Terry Towel Unit 263/P1 and 251/2P1 Balitha, Taluka Pardi, District Valsad, Gujarat,
India Packaging Units 87/1 and 96/1 Village Falandi, Silvassa Union Territory of Dadra and
Nagar Haveli, India |
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Branch Office : |
177, Alok House, Sant Nagar, East of Kailash, New Delhi – 110065,
India |
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Marketing
Offices (Domestic) : |
Located at:
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Marketing Offices (Overseas) : |
Located at:
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DIRECTORS
As on 30.09.2013
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Name : |
Mr. Ashok Bhagirathmal Jiwrajka |
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Designation : |
Whole-time Director |
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Address : |
301, Krishan Kunj, Shivaji Park Road No.5, 3rd Floor,
Mahim, Mumbai - 400016, Maharashtra, India |
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Date of
Birth/Age : |
07.10.1950 |
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Qualification : |
Commerce Graduate |
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Date of Appointment : |
12.03.1986 |
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DIN No : |
00168350 |
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Name : |
Mr. Dilip Bhagirathmal Jiwrajka |
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Designation : |
Managing Director |
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Address : |
6, Bay View, Abdul Gafar Khan Road, Worli, Sea Face, Mumbai - 400018, Maharashtra,
India |
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Date of
Birth/Age : |
09.10.1956 |
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Date of Appointment : |
12.03.1986 |
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DIN No : |
00173476 |
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Name : |
Mr. Surendra Bhagirathmal Jiwrajka |
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Designation : |
Whole-time director |
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Address : |
Flat No.901, Palm Beach Apartments, 67-A, Pochkhanwala Road, Mumbai -
400025, Maharashtra, India |
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Date of
Birth/Age : |
17.10.1958 |
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Date of Appointment : |
12.03.1986 |
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DIN No : |
00173525 |
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Name : |
Mr. Chandrakumar Govindram Bubna |
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Designation : |
Executive Director |
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Address : |
124/5, Krishna Kunj, Sainik Farm, Central Avenue, New Delhi – 110062,
India |
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Date of Birth/Age : |
15.01.1953 |
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Date of Appointment : |
27.05.1993 |
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Name : |
Mr. Ashok Girdharidas Rajani |
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Designation : |
Director |
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Address : |
101/102, Read Rose Apartments, Pochkhanwala, Road, Mumbai - 400018,
Maharashtra, India |
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Date of Birth/Age : |
15.01.1953 |
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Qualification: |
Graduate in Commerce |
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Date of Appointment : |
27.05.1993 |
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DIN No.: |
00267748 |
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Name : |
Mr. Timothy Charles William Ingram Stanley |
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Designation : |
Independent Director |
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Address : |
6, Ranelagn Avenue, London, SW63PJ, United Kingdom |
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Date of Birth/Age : |
18.06.1947 |
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Date of Appointment : |
29.07.2005 |
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DIN No.: |
01430613 |
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Name : |
Mr. David Rasquinha |
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Designation : |
Independent Nominee Director |
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Name : |
Mrs. Thankom T. Mathew |
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Designation : |
Independent Nominee Director |
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Name : |
Mr. M.V. Muthu |
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Designation : |
Independent Nominee Director |
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Name : |
Ms. Maya Chakravorty |
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Designation : |
Independent Nominee Director |
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Name : |
Mr. Sunil O. Khandelwal |
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Designation : |
Executive Director and Chief Financial Officer |
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Name : |
Mr. K.H. Gopal |
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Designation : |
Executive Director and Secretary |
SHAREHOLDING PATTERN
As on 31.12.2014
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter
Group |
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|
110548897 |
8.03 |
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|
411650252 |
29.89 |
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|
19459382 |
1.41 |
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|
19459382 |
1.41 |
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|
541658531 |
39.33 |
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Total shareholding of Promoter and Promoter
Group (A) |
541658531 |
39.33 |
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(B) Public Shareholding |
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|
14217 |
0.00 |
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|
125990239 |
9.15 |
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|
70266643 |
5.10 |
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|
196271099 |
14.25 |
|
|
|
|
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|
187524470 |
13.62 |
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|
|
|
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|
170925990 |
12.41 |
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|
244403665 |
17.74 |
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|
36534140 |
2.65 |
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|
9551717 |
0.69 |
|
|
2223877 |
0.16 |
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|
22425211 |
1.63 |
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|
2273975 |
0.17 |
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|
59360 |
0.00 |
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|
639388265 |
46.42 |
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Total Public shareholding (B) |
835659364 |
60.67 |
|
Total (A)+(B) |
1377317895 |
100.00 |
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(C) Shares held by Custodians and against
which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
|
Total (A)+(B)+(C) |
1377317895 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Textile products. |
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Products : |
Textile Products |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· Allahabad Bank · Andhra Bank · Axis Bank Limited · Bank of Baroda · Bank of India · Bank of Maharashtra · Canara Bank · Central Bank of India · Corporation Bank · DBS Bank Limited · Dena Bank · Export Import Bank of India · Indian Bank · IDBI Bank Limited · Indian Overseas Bank · ING Vysya Bank Limited · Oriental Bank of Commerce · Punjab National Bank · Standard Chartered Banks · State Bank of Bikaner and Jaipur · State Bank of Hyderabad · State Bank of India · State Bank of Mysore · State Bank of Patiala · State Bank of Travancore · Syndicate Bank · The Jammu and Kashmir Bank Limited · The Federal Bank Limited · The Karur Vysya Bank Limited · UCO Bank · United Bank of India · Union Bank of India · Vijaya Bank |
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Facilities : |
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Statutory Auditors
: |
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Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
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Internal Auditors : |
Chartered Accountants
Chartered Accountants
Chartered Accountants
Chartered Accountants
Chartered Accountants |
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Legal Advisors and Statutory : |
Desai Desai Carimjee and Mulla |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associate
companies : (As on
30.09.2013) |
· Alspun Infrastructure Limited · Next Creation Holdings LLC · Ashford Infotech Private Limited |
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Entities under
common control: (As on
30.09.2013) |
· Alok Denims (India) Private Limited · Green Park Enterprises · Alok Finance Private Limited · Jiwrajka Associates Private Limited · Alok Knit Exports Private Limited · Jiwrajka Investment Private Limited · Alok Textile Traders · Niraj Realtors and Shares Private Limited · Ashok Realtors Private Limited · Nirvan Exports · Buds Clothing Company · Nirvan Holdings Private Limited · D. Surendra andCompany · Pramatex Enterprises · Gogri Properties Private Limited · Pramita Creation Private Limited · Grabal Alok Impex Limited (Amalgamated with Triumphant Victory Holdings Limited. the Company w.e.f. 1 April 2011) |
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Subsidiaries: (As on
30.09.2013) |
· Alok Industries International Limited. @ · Alok Infrastructure Limited · Alok Retail (India) Limited* · Alok Apparels Private Limited* · Alok Land Holdings Private Limited* · Alok New City Infratex Private Limited · Alok H and A Limited* · Alok Realtors Private Limited* · Alok International, Inc. · Springdale Information and Technologies Private Limited# · Alok International (Middle East) FZE · Kesham Developers and Infotech Private Limited # (Incorporated on 01 August 2011) · Alok Singapore Pte Limited (Incorporated on 28 December · Alok Worldwide Limited (Incorporated 2011) on 15 July 2013 Grabal Alok (UK) Limited · Mileta, a.s. Grabal Alok International Limited@ # Liquidation under process Amalgamated with Alok Infrastructure
Limited effective 1 April 2012 @ Entire stake sold to Alok Infrastructure
Limited on 28 March 2012 |
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Joint Venture: (As on
30.09.2013) |
· Aurangabad Textiles and Apparel Parks Limited · New City Of Bombay Mfg. Mills Limited |
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Other Related
Parties: (As on
30.09.2013) |
· AVAN Packaging and Boards · Linear Design · C. J. Corporation |
CAPITAL STRUCTURE
As on
30.09.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.13771.300 Million
As on
30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,50,00,00000 |
Equity Shares |
Rs.10/- each |
Rs.15000.000 Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1377115595 |
Equity Shares |
Rs.10/-
each |
Rs13771.200
Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1377115595 |
Equity Shares |
Rs.10/-
each |
Rs.13771.200
Million |
|
|
Add: Equity Shares forfeited |
|
Rs.0.100
Million |
|
|
Total |
|
Rs.13771.300
Million |
Additional information:
(i) The movement in subscribed and paid up share capital is
set out below:
|
Equity
Shares |
|
Number of Shares |
|
At the beginning of the period/year |
|
826269357 |
|
Add : Shares alloted (Refer a b & c below) |
|
550846238 |
|
At the
end of period/year |
|
1377115595 |
a)
During the period 550846238 Equity
shares of Rs.10/- each were allotted on Right basis in the ratio of 3:2.
b)
During the previous year 16000000
Equity shares of Rs.10/- each at a premium of Rs.41/- each were alloted on conversion
of warrants issued by Grabal Alok Impex Limited the amalgamating company. Such
warrants were sold by the original warrant holder to Jiwarajka Investment
Private Limited a promoter group company which exercised such warrants.
c)
During the previous year 22485000
Equity shares were alloted to the shareholders of Grabal Alok Impex Limited
pursuant to the Scheme of Amalgamation for consideration other than cash.
d)
Of the remaining shares :
i)
745396 equity shares were allotted as
Bonus shares by way of capitalisation of General Reserve.
ii)
62550 equity shares being forfeited
shares were reissued during 2001.
Details of equity shares held by shareholders holding more
than 5% shares:
|
Name
of Shareholder |
Number of Shares |
%
holding |
|
Alok
Knit Exports Private Limited |
395539302 |
28.72 |
|
Niraj
Realtors & Shares Private Limited |
-- |
-- |
|
Caledonia
Investment PLC |
-- |
-- |
|
Caledonia Investment PLC (FDI) |
-- |
-- |
* Out of
395539302 shares held by Alok Knit Export Private Limited the beneficial owners
of 844500 shares are Santosh Jiwrajka (28500 shares) & Kiran Jiwrajka
(28500 shares) & Belisev Fashion Establishments (787500 shares)
(iii)
The rights powers and preferences relating to equity share and the
qualifications limitations and restrictions thereof are contained in the
Memorandum and Articles of Association of the Company. The company has only one
class of equity shares having a par value of Rs.10/- per share. The principle
rights are as follows:
a)
Each holder of equity share is entitled
to one vote per share.
b)
The company declares and pays dividend
in Indian Rupees. The dividend proposed by the Board of Directors is subject to
the approval of the shareholders in the Annual General Meeting.
c)
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
shareholder.
(iv)
Shares reserved for issue under options
(v) The board of directors at its meeting held on 23
November 2013 has recommended dividend of Rs.0.30 per share.
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2014 (12 Months) (Unaudited) |
30.09.2013 (18 Months) |
31.03.2012 (12 Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13771.300 |
13771.300 |
8262.800 |
|
(b) Reserves & Surplus |
40333.200 |
37109.900 |
28282.400 |
|
(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) |
54104.500 |
50881.200 |
36545.200 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
83314.200 |
90854.700 |
70130.600 |
|
(b) Deferred tax liabilities (Net) |
7402.500 |
6641.400 |
6267.700 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
755.200 |
1943.500 |
1763.900 |
|
Total Non-current
Liabilities (3) |
91471.900 |
99439.600 |
78162.200 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
58849.700 |
46407.100 |
41264.200 |
|
(b) Trade
payables |
21686.400 |
9573.800 |
5064.200 |
|
(c) Other
current liabilities |
40773.200 |
38512.500 |
20582.000 |
|
(d) Short-term
provisions |
3128.900 |
2502.700 |
756.000 |
|
Total Current
Liabilities (4) |
124438.200 |
96996.100 |
67666.400 |
|
|
|
|
|
|
TOTAL |
270014.600 |
247316.900 |
182373.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
86820.100 |
91569.000 |
85145.400 |
|
(ii)
Intangible Assets |
186.800 |
265.300 |
375.500 |
|
(iii)
Capital work-in-progress |
1330.200 |
5551.300 |
9141.600 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1291.500 |
1291.500 |
1667.900 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
16976.800 |
16373.500 |
2560.900 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
106605.400 |
115050.600 |
98891.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
27.600 |
27.300 |
39.400 |
|
(b)
Inventories |
59318.500 |
57264.700 |
33799.100 |
|
(c) Trade
receivables |
84268.100 |
50259.600 |
21521.500 |
|
(d) Cash
and cash equivalents |
2340.700 |
8826.500 |
12948.400 |
|
(e)
Short-term loans and advances |
16649.000 |
15037.400 |
14040.400 |
|
(f) Other
current assets |
805.300 |
850.800 |
1133.700 |
|
Total Current
Assets |
163409.200 |
132266.300 |
83482.500 |
|
|
|
|
|
|
TOTAL |
270014.600 |
247316.900 |
182373.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2014 (12 Months) (Unaudited) |
30.09.2013 (18 Months) |
31.03.2012 (12 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
150819.700 |
199177.500 |
89008.600 |
|
|
|
Other Income |
1747.800 |
601.600 |
656.000 |
|
|
|
TOTAL (A) |
152567.500 |
199779.100 |
89664.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
103894.300 |
139088.700 |
59097.900 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(3499.800) |
(25091.500) |
(15166.600) |
|
|
|
Employees benefits expense |
2936.100 |
4346.800 |
2672.800 |
|
|
|
Other expenses |
14952.500 |
26584.400 |
16813.000 |
|
|
|
Exceptional Items |
(923.000) |
4637.400 |
1212.700 |
|
|
|
TOTAL (B) |
117360.100 |
149565.800 |
64629.800 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
35207.400 |
50213.300 |
25034.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
20659.700 |
22606.600 |
11495.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14547.700 |
27606.700 |
13539.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9736.500 |
13607.700 |
7134.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
4811.200 |
13999.000 |
6405.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1633.400 |
4797.400 |
2599.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
3177.800 |
9201.6 |
3805.3 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
23288.400 |
13801.600 |
9216.100 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer from/to Debenture Redemption Reserves |
NA |
(768.600) |
(519.000) |
|
|
|
Transfer to General Reserve |
NA |
0.000 |
0.000 |
|
|
|
Proposed Dividend – Equity Shares |
NA |
413.200 |
247.900 |
|
|
|
Dividend Tax thereon |
NA |
70.200 |
40.200 |
|
|
|
Excess / (Short) Provision of Dividend and Tax thereon of previous
year |
NA |
0.000 |
(0.800) |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
23288.400 |
13801.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
NA |
46677.400 |
27679.800 |
|
|
|
Interest Received on Fixed Deposits |
NA |
0.000 |
1.800 |
|
|
TOTAL EARNINGS |
NA |
46677.400 |
27681.600 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
2681.900 |
7499.500 |
|
|
|
Stores & Spares |
NA |
389.700 |
683.300 |
|
|
|
Capital Goods |
NA |
13286.700 |
12815.800 |
|
|
|
Packing Materials Purchased |
NA |
109.200 |
68.900 |
|
|
TOTAL IMPORTS |
NA |
16467.500 |
21067.500 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.31 |
9.43 |
4.69 |
|
QUARTERLY RESULTS
|
Particulars |
|
|
31.12.2014 (Unaudited) |
|
|
|
|
1st
Quarter |
|
Net Sales |
|
|
35922.100 |
|
Total Expenditure |
|
|
27363.300 |
|
PBIDT (Excl OI) |
|
|
8558.800 |
|
Other Income |
|
|
310.100 |
|
Operating Profit |
|
|
8868.900 |
|
Interest |
|
|
5991.300 |
|
Exceptional Items |
|
|
0.000 |
|
PBDT |
|
|
2877.600 |
|
Depreciation |
|
|
2483.000 |
|
Profit Before Tax |
|
|
394.600 |
|
Tax |
|
|
136.000 |
|
Provisions and contingencies |
|
|
0.000 |
|
Profit After Tax |
|
|
258.600 |
|
Extraordinary Items |
|
|
0.000 |
|
Prior Period Expenses |
|
|
0.000 |
|
Other Adjustments |
|
|
0.000 |
|
Net Profit |
|
|
258.600 |
KEY RATIOS
|
PARTICULARS |
|
30.09.2014 (12 Months) (Unaudited) |
30.09.2013 (18 Months) |
31.03.2012 (12 Months) |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.11 |
4.62 |
4.28 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
23.34 |
25.21 |
28.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.80 |
5.82 |
3.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.28 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.63 |
2.70 |
3.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.36 |
1.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 (12 Months) |
30.09.2013 (18 Months) |
30.09.2014 (12 Months) (Unaudited) |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
8262.800 |
13771.300 |
13771.300 |
|
Reserves & Surplus |
28282.400 |
37109.900 |
40333.200 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
36545.200 |
50881.200 |
54104.500 |
|
|
|
|
|
|
Long Term borrowings |
70130.600 |
90854.700 |
83314.200 |
|
Short Term borrowings |
41264.200 |
46407.100 |
58849.700 |
|
Total
borrowings |
111394.800 |
137261.800 |
142163.900 |
|
Debt/Equity
ratio |
3.048 |
2.698 |
2.628 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
30.09.2013 |
30.09.2014 (Unaudited) |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
89,008.600 |
199,177.500 |
150,819.700 |
|
|
|
123.773 |
(24.279) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
30.09.2013 |
30.09.2014 (Unaudited) |
|
|
Rs.
In Million |
Rs. In
Million |
Rs.
In Million |
|
Sales
|
89,008.600 |
199,177.500 |
150,819.700 |
|
Profit |
3,805.300 |
9,201.600 |
3,177.800 |
|
|
4.28% |
4.62% |
2.11% |
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 |
Yes |
UNSECURED LOAN:
|
Particulars |
|
30.09.2013 Rs.
In Million |
|
LONG TERM
BORROWINGS |
|
|
|
Foreign currency loans From banks |
|
751.200 |
|
SHORT TERM
BORROWINGS |
|
|
|
Cash Credit accounts, working capital demand 4loan etc. From Banks (Includes Rs.290.800 Million (Previous year Rs.135.500
Million) loan in foreign currency) |
|
855.500 |
|
Inter Corporate deposit |
|
0.000 |
|
Commercial Paper |
|
0.000 |
|
Deposit from Public |
|
9.400 |
|
Total |
|
1616.100 |
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER 2014
(Rs. In Million)
|
Particulars
|
Quarter Ended ( Unaudited) |
Period Ended ( Unaudited) |
|
|
31.12.2014 |
31.12.2014 |
|
1.
Income from operations |
|
|
|
a) Net sales/ Income from operation (net of excise duty) |
357.174 |
1860.585 |
|
b) Other operating income |
2.047 |
6.833 |
|
Total
income from Operations(net) |
359.221 |
1867.418 |
|
2.Expenditure |
|
|
|
a) Cost of material consumed |
360.898 |
1399.841 |
|
b) Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
(125.245) |
(160.243) |
|
c) Employees benefit expenses |
6.139 |
35.500 |
|
d) Depreciation and amortization expenses |
24.830 |
122.195 |
|
e) Other expenditure |
31.841 |
181.366 |
|
Total expenses |
298.463 |
1578.659 |
|
3. Profit from operations before other income and
financial costs |
60.758 |
288.759 |
|
4. Other income |
3.101 |
20.579 |
|
5. Profit from ordinary activities before finance costs |
63.859 |
309.338 |
|
6. Finance costs |
59.913 |
266.510 |
|
7. Net profit/(loss) from ordinary activities
after finance costs but before exceptional items |
3.946 |
42.828 |
|
8. Exceptional item |
0.000 |
0.000 |
|
9. Profit from ordinary activities before tax
Expense: |
3.946 |
42.828 |
|
10.Tax expenses |
1.360 |
-9.230 |
|
11.Net
Profit / (Loss) from ordinary activities after tax |
2.586 |
52.058 |
|
12.Extraordinary Items (net of tax expense) |
0.000 |
0.000 |
|
13.Net Profit / (Loss) for the period |
2.586 |
52.058 |
|
14.Paid-up equity share capital (Nominal value Rs.10/- per share) |
137.733 |
137.733 |
|
15. Reserve excluding
Revaluation Reserves as per balance sheet of previous accounting year |
|
|
|
16.i) Earnings per share (before extraordinary items)
of Rs.10/- each) (not annualised): |
|
|
|
(a) Basic |
0.19 |
2.50 |
|
(b) Diluted |
0.19 |
2.49 |
|
Particulars
|
Quarter Ended ( Unaudited) |
Period Ended ( Unaudited) |
|
|
31.12.2014 |
31.12.2014 |
|
A. Particulars of shareholding |
|
|
|
1. Public Shareholding |
|
|
|
- Number of shares |
835659364 |
844778240 |
|
- Percentage of shareholding |
60.67% |
60.67% |
|
2. Promoters and Promoters group Shareholding- |
|
|
|
a) Pledged /Encumbered |
|
|
|
Number of shares |
540388797 |
540388797 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
99.77% |
99.77% |
|
Percentage of shares (as a % of total share capital of the
company) |
39.24% |
39.24% |
|
|
|
|
|
b) Non Encumbered |
|
|
|
Number of shares |
1269734 |
1269734 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
0.23% |
0.23% |
|
Percentage of shares (as a % of total share capital of the
company) |
0.09% |
0.09% |
|
|
|
|
|
B.
Investor Complaints |
|
|
|
Pending at the beginning of the quarter |
|
6 |
|
Receiving during the quarter |
|
32 |
|
Disposed of during the quarter |
|
38 |
|
Remaining unreserved at the end of the quarter |
|
0 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10544728 |
07/01/2015 |
2,500,000,000.00 |
THE JAMMU AND KASHMIR BANK LIMITED |
79A, MEHTA HOUSE, BOMBAY SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C41291824 |
|
2 |
10543032 |
01/01/2015 |
2,400,000,000.00 |
STATE BANK OF MYSORE |
CORPORATE ACCOUNTS BRANCH, 224 MITTAL COURT, C WING, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C40421505 |
|
3 |
10544019 |
01/01/2015 |
400,000,000.00 |
STATE BANK OF MYSORE |
CORPORATE ACCOUNTS BRANCH, 224 MITTAL COURT, C WING, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C40902348 |
|
4 |
10539209 |
29/12/2014 |
2,740,000,000.00 |
ANDHRA BANK |
18, HOMI MODI STREET,, NANAVATHI MAHALAYA, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C38405254 |
|
5 |
10541795 |
29/12/2014 |
4,004,400,000.00 |
THE JAMMU AND KASHMIR BANK LIMITED |
79A, MEHTA HOUSE,, BOMBAY SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C39839816 |
|
6 |
10542742 |
27/12/2014 |
1,929,200,000.00 |
STATE BANK OF HYDERABAD |
CORPORATE FINANCE BRANCH, 11-C, MITTAL TOWER, 210, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C40312035 |
|
7 |
10542595 |
27/12/2014 |
500,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
COMMERCIAL NETWORK BRANCH, 239, P. D' MELLO ROAD, NEAR GPO, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C40212730 |
|
8 |
10544052 |
26/12/2014 |
3,850,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C40916124 |
|
9 |
10544059 |
26/12/2014 |
600,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C40920613 |
|
10 |
10538787 |
24/12/2014 |
2,794,500,000.00 |
ORIENTAL BANK OF COMMERCE |
LARGE CORPORATE BRANCH, MAKER TOWER 'F',, 14TH FLOOR, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C38162376 |
|
11 |
10542865 |
24/12/2014 |
1,953,600,000.00 |
INDIAN OVERSEAS BANK |
LARGE CORPORATE BRANCH, PLOT NO.31, G BLOCK, 7TH FLOOR, NAMAN CORPORATE LINK, BKC, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
C40368755 |
|
12 |
10543002 |
24/12/2014 |
400,000,000.00 |
INDIAN OVERSEAS BANK |
LARGE CORPORATE BRANCH, PLOT NO.31, G BLOCK, 7TH FLOOR, NAMAN CORPORATE LINK, BKC, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
C40421000 |
|
13 |
10542746 |
23/12/2014 |
1,027,600,000.00 |
CORPORATION BANK |
BHARAT HOUSE, NO.104, GROUND FLOOR, M. S. MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
C40312928 |
|
14 |
10542785 |
23/12/2014 |
4,520,400,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH, ATLANTA,
1ST FLOOR, JAMNALAL BAJAJ MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA - |
C40337016 |
|
15 |
10542879 |
23/12/2014 |
2,400,000,000.00 |
STATE BANK OF TRAVANCORE |
112-115, TULSANI CHAMBERS, WEST WING,, 1ST FLOOR, 212, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C40375537 |
|
16 |
10543417 |
23/12/2014 |
7,400,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH, 1ST FLOOR, MMO BUILDING, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C40647463 |
|
17 |
10542653 |
22/12/2014 |
2,409,800,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
COMMERCIAL NETWORK BRANCH, 239, P. D' MELLO ROAD, NEAR GPO, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C40213191 |
|
18 |
10539365 |
20/12/2014 |
2,235,200,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C38486593 |
|
19 |
10541793 |
12/12/2014 |
1,054,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE,C-2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
C39837760 |
|
20 |
10535784 |
04/10/2014 |
192,700,000.00 |
SYNDICATE BANK |
26A, SIR P. M.
ROAD, FORT, MUMBAI, MAHARASHTRA - |
C36482339 |
|
21 |
10527068 |
29/09/2014 |
1,000,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C30560676 |
|
22 |
10527073 |
29/09/2014 |
4,000,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBERS, FRE |
C30563027 |
|
23 |
10526064 |
26/09/2014 |
800,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH, 1ST FLOOR, MMO BUILDING, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C29794674 |
|
24 |
10526692 |
25/09/2014 |
554,700,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, GROUND FLOOR, AXIS HOUSE, WORLI, MUMBAI, MAHARASHTRA - 400060, INDIA |
C30317531 |
|
25 |
10520358 |
20/08/2014 |
779,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER,WTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C21002142 |
|
26 |
10518141 |
13/08/2014 |
345,000,000.00 |
DENA BANK |
CORPORATE BUSINESS
BRANCH, C-10, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI,
MAHARASHTRA - |
C19246727 |
|
27 |
10522352 |
07/08/2014 |
803,200,000.00 |
VIJAYA BANK |
INDUSTRIAL FINANCE BRANCH, NEW EXCELSIOR BUILDING, WALLACE STREET, FORT, MUMBAI, MAHARASHTRA - 400013, INDIA |
C22891766 |
|
28 |
10518143 |
31/07/2014 |
1,096,500.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C19248368 |
|
29 |
10518166 |
31/07/2014 |
748,200.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C19249903 |
|
30 |
10512934 |
28/07/2014 |
205,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
NOBLE CHAMBERS, GROUND FLOOR, S.A. BRELVI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C15031610 |
|
31 |
10518140 |
28/07/2014 |
130,000,000.00 |
CORPORATION BANK |
BHARAT HOUSE, NO.104, GROUND FLOOR, M. S. MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
C19245208 |
|
32 |
10521818 |
28/07/2014 |
2,984,300,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, P.M
ROAD, FORT, MUMBAI, MAHARASHTRA - |
C22242697 |
|
33 |
10512243 |
18/07/2014 |
1,950,000,000.00 |
DENA BANK |
CORPORATE BUSINESS BRANCH, DENA CORPORATE CENTRE, C-10, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
C14624464 |
|
34 |
10517800 |
11/07/2014 |
2,397,600,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICES BRANCH, 1ST FLOOR, WALCHAND HIRACHAND MARG, BALLARD PIER, MUMBAI, MA
|
C19033380 |
|
35 |
10506406 |
02/07/2014 |
5,346,300,000.00 |
STATE BANK OF HYDERABAD |
CORPORATE FINANCE BRANCH, 11-C, MITTAL TOWER, 210, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C09546003 |
|
36 |
10510148 |
30/06/2014 |
1,047,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE,, DR. V B GANDHI MARG, FORT,, MUMBAI, MAHARASHTRA - 400001, INDIA |
C12159042 |
|
37 |
10510458 |
30/06/2014 |
525,000,000.00 |
INDIAN BANK |
NO.1,SANE GURUJI PREMISES,
386, VEER SAVARKAR MARG, OPP.SIDDHIVINAYAK TEMPLE, PRABHADEVI,, MUMBAI, |
C12272530 |
|
38 |
10510692 |
30/06/2014 |
773,200,000.00 |
UCO BANK |
FLAGSHIP CORPORATE BRANCH, 1ST FLOOR, MAFATLAL CENTRE, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C12703278 |
|
39 |
10507088 |
28/06/2014 |
2,305,900,000.00 |
BANK OF INDIA |
MUMBAI LARGE
CORPORATE BRANCH, ORIENTAL BLDG, GR |
C09918541 |
|
40 |
10506655 |
28/06/2014 |
586,500,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH, ATLANTA, 1ST FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C09688177 |
|
41 |
10510325 |
28/06/2014 |
845,000,000.00 |
INDIAN BANK |
NO.1,SANE GURUJI
PREMISES, 386, VEER SAVARKAR MARG, OPP.SIDDHIVINAYAK TEMPLE, PRABHADEVI,
MUMBAI, |
C12269726 |
|
42 |
10515224 |
28/06/2014 |
1,365,000,000.00 |
INDIAN OVERSEAS BANK |
LARGE CORPORATE
BRANCH, PLOT NO.31, G BLOCK, 7TH |
C16610743 |
|
43 |
10505185 |
27/06/2014 |
856,000,000.00 |
ORIENTAL BANK OF COMMERCE |
LARGE CORPORATE
BRANCH, 181-A, MAKER TOWER 'E', |
C08543043 |
|
44 |
10515260 |
27/06/2014 |
1,480,300,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH II, 2ND FLOOR, WORLD TRADE TOWER, BARKHAMBA LANE,, NEW DELHI, DELHI - 110001, INDIA |
C16640757 |
|
45 |
10513512 |
27/06/2014 |
350,000,000.00 |
STATE BANK OF MYSORE |
CORPORATE ACCOUNTS BRANCH, 224 MITTAL COURT, C WING, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
C15437239 |
|
46 |
10507339 |
26/06/2014 |
862,500,000.00 |
STATE BANK OF TRAVANCORE |
112-115, TULSANI CHAMBERS, WEST WING, 212, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C10074334 |
|
47 |
10506887 |
25/06/2014 |
273,300,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C09809005 |
|
48 |
10509672 |
25/06/2014 |
715,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH, 1ST FLOOR, MMO BUILDING, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C11787132 |
|
49 |
10500603 |
06/06/2014 |
690,400,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
COMMERCIAL NETWORK BRANCH, 239, P. D' MELLO ROAD, NEAR GPO, FORT, MAHARASHTRA - 400001, INDIA |
C05757125 |
|
50 |
10503630 |
02/06/2014 |
66,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
5/8, SAMBHAVA CHAMBERS, P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C06978530 |
FIXED ASSETS:
- Freehold Land
- Leasehold Land
- Buildings
- Office Premises
- Plant and Machinery
- Computer and Peripherals
- Office Equipment
- Furniture and Fittings
- Vehicles
- Tools and Equipment
- Computer Software
- Trademarks/ Brands
INDIAN
TEXTILE AND APPAREL INDUSTRY: BRIGHTEST FUTURE EVER
We, at Alok, have always been strongly convinced about the prospects of
the Indian textile and apparel sector.
The Indian Textile Industry is now on the threshold of unprecedented growth and
it will not be an exaggeration to state that this decade (2011-2020) belongs to
our Textile Industry. This view is shared by Technopak, leading Textile
consultants, who in their recently published Report state that while the Global
Textile Trade is expected to grow from USD 510 bn (2009) to USD 1000 bn (2020),
the Indian Textile Industry during the same period would more than treble from
the present size of USD 70 bn (around USD 47 billion domestic and USD 23
billion exports) in 2009 to USD 220 bn (around USD 140 billion domestic and USD
80 billion exports) by 2020.
Some of the major growth drivers for this rapid growth in Indian textile and
apparel sector are:
- Supply from US and EU is declining
gradually and shifting towards low cost Asian countries, China, India and
rest of Asia expected to contribute considerably to textile supplies;
- EU share is expected to come down
further from its present share of about 30%;
- Overseas buyers are looking at
de-risking their sourcing from China, whose market share in the world
trade is around 31% (USD 157 bn). India on the other hand is at 4.5% (USD
23 bn) , which can go up to 8% (USD 80 bn) by 2020;
- India is the only textile manufacturing
country in the world with cotton surplus and it also has presence in the
entire Textile Value Chain;
- Growing domestic Per capita income,
growth in population, improving demographics, increased penetration of
organised retail, etc is likely to boost the consumption of textiles in
the domestic market.
In their 2nd Technopak Leadership Forum (Textile and Apparel) held on 3
September 2010 in Mumbai, Technopak released an Industry Report titled “Indian
Textile and Apparel Compendium 2010”. This Report details Indian domestic
textile and apparel industry, current domestic market size, market segmentation
for apparel, future projections for 2015 and 2020 for domestic and exports
market, investments required in this sector over next 10 years etc. According
to this Report, this decade is expected to be the brightest ever for Indian
Textile and Apparel Industry and size of this Industry is estimated to be
around USD 220 billion in the year 2020.
Arvind Singhal (Chairman, Technopak) also delivered a presentation during the
Forum titled “Indian Textile and Apparel Industry: Brightest Future Ever”. This
presentation includes the changing face of global textile trade, growth
opportunities for India and thoughts to make the next decade best ever for the
Indian textile industry.
It is our pleasure to share with you these two Reports on the Textile and
Apparel industry of India. Hope you will find them insightful and informative.
We shall only be too glad to provide you with more information / clarifications
on this matter.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.62.63 |
|
UK Pound |
1 |
Rs.92.94 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.