MIRA INFORM REPORT
|
Report No. : |
341409 |
|
Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
J.R. FOODS LIMITED |
|
|
|
|
Registered
Office : |
J.K. Towers, 100 Feet Road, Pondicherry – 605013 |
|
Tel. No.: |
91-413-2640427 |
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|
|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
20.08.1993 |
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|
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Com. Reg. No.: |
59-000911 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs. 95.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L15142PY1993PLC000911 |
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|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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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
: |
Manufacturer of Edible Oil. |
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|
|
|
No. of Employees
: |
52 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 121600 |
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|
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|
Status : |
Moderate |
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Payment Behavior : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1993 and it is engaged in manufacturing
and selling of edible oils. Its products include deodorized oil, oil cake and
oil cake meal of solvent and acid oil. Subject is an established company has
a moderate track record. Company has reported growth in its revenue profile but it has failed
to maintained profitability margins and reports low margins at 0.37% during
FY 2015. Rating further constrained on account of company’s moderate financial
risk profile marked by negative reserves along with unfavorable gap between
trade payable to its receivables and leverage balance sheet profile of the
company. However, rating weakness partially offset by company’s established
track record of business operations backed by extensive industry experience
of promoters in food industry. In view of leverage financial profile, the company can be considered
for business dealing with some caution.
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
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
31-03-2015.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Velumurugam |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-413-2640427 |
|
Date : |
15.09.2015 |
LOCATIONS
|
Registered Office : |
J.K. Towers, 100 Feet Road, Pondicherry – 605013, India |
|
Tel. No.: |
91-413-2640427 |
|
Mobile No.: |
91-9843272446 (Mr. Dinesh Kothari) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
900 sq.ft. |
|
Location : |
Rented |
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Locality : |
Commercial |
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Factory : |
Pondy Villupuram NH, Thirubhuvanai Village, Pondicherry –
605107, India |
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Tel. No.: |
91-413-2640583 |
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Fax No.: |
Not Available |
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Area : |
18 acre sq.ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Jugal Kishore Kothari |
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Designation : |
Managing Director |
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Address : |
4th Cross, Anna Nagar, Pondicherry - 605005, India |
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Date of Appointment : |
01.06.2012 |
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DIN No.: |
00005295 |
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Other Directorship:
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Name : |
Mrs. Kamala J Kothari |
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Designation : |
Director |
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Address : |
4th Cross, Anna Nagar, Pondicherry - 605005, India |
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Qualification : |
Bachelor of Arts in English Literature. |
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Date of Appointment : |
28.09.2005 |
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DIN No.: |
00005321 |
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Other Directorship:
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Name : |
Mr. Ashokkumar Govindasamy |
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Designation : |
Director |
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Address : |
No.46, Ist Cross, Bharathi Nagar, Pondicherry - 605008, India |
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Qualification : |
Bachelor of Arts in English Literature. |
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Date of Appointment : |
10.03.2006 |
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DIN No.: |
00016651 |
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Name : |
Mr. P. Ramamoorthy |
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Designation : |
Director |
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Address : |
No.54, 6th Cross, Anna Nagar, Pondicherry - 605005, India |
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Qualification : |
Pre University Course |
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Date of Appointment : |
04.12.2006 |
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DIN No.: |
00016672 |
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Name : |
Mr. Dinesh Kothari |
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Designation : |
Whole-Time Director |
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Address : |
4th Cross, Anna Nagar, Pondicherry - 605005, India |
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Qualification : |
Bachelor of Business |
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Date of Appointment : |
01.04.2015 |
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DIN No.: |
00850924 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Velmurugan Muthukumarasamy |
|
Designation : |
Chief Financial Officer |
|
Address : |
4 Fourth Cross Rajaji Nagar, Lawspet, Puducherry - 605008, India |
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PAN No : |
AGLPV5831F |
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|
|
|
Name : |
Mrs. Madhavi Kola |
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Designation : |
Company Secretary |
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Address : |
H.No.642, 16th Cross, 29th Main, 6th Phase, J P Nagar, Bangalore - 560075, Karnataka, India |
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Date of Appointment : |
AVTPP6569M |
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|
|
|
Name : |
Mr. Velumuragon |
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Designation : |
Accounts Manager |
SHAREHOLDING PATTERN
AS ON 30.06.2015
|
Category of
Shareholder |
Total No. of Shares |
% of Total No. of
Shares |
|
(A) Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
5714000 |
60.15 |
|
|
5714000 |
60.15 |
|
|
5714000 |
60.15 |
|
|
|
|
|
Total shareholding
of Promoter and Promoter Group (A) |
5714000 |
60.15 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
10000 |
0.11 |
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|
10000 |
0.11 |
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|
|
|
|
|
200100 |
2.11 |
|
|
|
|
|
|
3282200 |
34.55 |
|
|
293200 |
3.09 |
|
|
500 |
0.01 |
|
|
500 |
0.01 |
|
|
3776000 |
39.75 |
|
Total Public
shareholding (B) |
3786000 |
39.85 |
|
Total (A)+(B) |
9500000 |
100.00 |
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
9500000 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Edible Oil |
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Products : |
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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 : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
52 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
CNGSN and Associates Chartered Accountants |
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Address : |
No. 15, Ration Store Complex, 4th Cross, Anna Nagar, Pondicherry- 605005, India |
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Memberships : |
----- |
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Collaborators : |
----- |
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(as on 31.03.2014) Other Related Parties : |
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CAPITAL STRUCTURE
AS ON 31.03.2015
Authorized Capital: Not Available
Issued, Subscribed & Paid-up Capital: Rs. 95.000
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9500000 |
Equity Shares |
Rs.10/- each |
Rs. 95.000 Million |
a. Reconciliation of
Shares outstanding at the beginning and end of the Reporting Period
|
Particular |
As on 31.03.2014 |
|
|
|
|
At the beginning of the Period |
9500000 |
|
Issued during the period |
Nil |
|
Outstanding at the end of the period |
9500000 |
b. Shares held by the
holding company Nil
C. Shares held by
each shareholder holding more than 5% of shares
|
Name of the
Shareholder |
As on 31.03.2014 |
|
|
|
Nos. |
% |
|
J. K. Kothari |
753700 |
7.93 |
|
Pondicherry Extraction Industries Private Limited |
4577300 |
48.18 |
FINANCIAL DATA
[All figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
95.000 |
95.000 |
95.000 |
|
(b) Reserves &
Surplus |
(52.437) |
(55.652) |
(62.817) |
|
(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) |
42.563 |
39.348 |
32.183 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
16.120 |
43.611 |
32.881 |
|
(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 |
0.999 |
1.094 |
0.984 |
|
Total Non-current Liabilities
(3) |
17.119 |
44.705 |
33.865 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
77.305 |
67.091 |
70.574 |
|
(b) Trade payables |
179.358 |
114.799 |
13.760 |
|
(c) Other current
liabilities |
13.966 |
14.692 |
2.735 |
|
(d) Short-term provisions |
0.118 |
0.119 |
0.184 |
|
Total Current Liabilities
(4) |
270.747 |
196.701 |
87.253 |
|
|
|
|
|
|
TOTAL |
330.429 |
280.754 |
153.301 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
73.039 |
39.621 |
44.135 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
23.753 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.825 |
0.653 |
0.616 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
73.864 |
64.027 |
44.751 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
152.692 |
143.785 |
89.054 |
|
(c) Trade receivables |
10.636 |
14.737 |
10.507 |
|
(d) Cash and cash
equivalents |
1.168 |
1.991 |
2.218 |
|
(e) Short-term loans and
advances |
1.609 |
1.017 |
0.774 |
|
(f) Other current assets |
90.460 |
55.197 |
5.997 |
|
Total Current Assets |
256.565 |
216.727 |
108.550 |
|
|
|
|
|
|
TOTAL |
330.429 |
280.754 |
153.301 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
865.115 |
303.691 |
168.407 |
|
|
Other Income |
4.259 |
3.440 |
0.142 |
|
|
TOTAL |
869.374 |
307.131 |
168.549 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
206.497 |
99.219 |
157.847 |
|
|
Purchases of
Stock-in-Trade |
652.339 |
180.422 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(29.462) |
(8.360) |
(11.969) |
|
|
Other manufacturing
expenses |
---- |
3.370 |
3.457 |
|
|
Employees benefits
expense |
2.332 |
3.079 |
2.106 |
|
|
Other administrative and
sealing expenses |
---- |
6.278 |
3.811 |
|
|
Other expenses |
19.210 |
0.000 |
0.000 |
|
|
TOTAL |
850.916 |
284.008 |
155.252 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
18.458 |
23.123 |
13.297 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
12.098 |
9.056 |
9.012 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
6.360 |
14.067 |
4.285 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.145 |
6.902 |
6.791 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
3.215 |
7.165 |
(2.506) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
3.215 |
7.165 |
(2.506) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.34 |
0.75 |
(0.26) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
5.128 |
1.519 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.37 |
2.36 |
(1.49) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.13 |
7.61 |
7.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.97 |
2.79 |
(1.63) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.18 |
(0.08) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.19 |
2.81 |
3.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.10 |
1.24 |
QUARTERLY RESULTS
(Rs. in Million)
|
PARTICULARS |
|
|
As on 30.06.2015 |
|
Unaudited |
|
|
1rd
Quarter |
|
Net Sales |
|
|
299.700 |
|
Total Expenditure |
|
|
296.270 |
|
PBIDT (Excl OI) |
|
|
3.430 |
|
Other Income |
|
|
0.680 |
|
Operating Profit |
|
|
4.110 |
|
Interest |
|
|
2.750 |
|
Exceptional Items |
|
|
NA |
|
PBDT |
|
|
1.360 |
|
Depreciation |
|
|
0.790 |
|
Profit Before Tax |
|
|
0.570 |
|
Tax |
|
|
NA |
|
Provisions and contingencies |
|
|
NA |
|
Profit After Tax |
|
|
0.570 |
STOCK
PRICES
|
Face Value |
Rs. 10.00/- |
|
Market Value |
Rs. Not Traded on BSE/NSE in last 30 days. |
FINANCIAL ANALYSIS
[All figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
95.000 |
95.000 |
95.000 |
|
Reserves & Surplus |
(62.817) |
(55.652) |
(52.437) |
|
Net worth |
32.183 |
39.348 |
42.563 |
|
|
|
|
|
|
long-term borrowings |
32.881 |
43.611 |
16.120 |
|
Short term borrowings |
70.574 |
67.091 |
77.305 |
|
Total borrowings |
103.455 |
110.702 |
93.425 |
|
Debt/Equity ratio |
3.215 |
2.813 |
2.195 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
168.407 |
303.691 |
865.115 |
|
|
|
80.332 |
184.867 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
168.407 |
303.691 |
865.115 |
|
Profit |
(2.506) |
7.165 |
3.215 |
|
|
(1.49%) |
2.36% |
0.37% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter involved
in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Others |
NA |
0.000 |
|
Loans and advances from Related Parties |
NA |
4.500 |
|
Other Loans and Advances Rent Advance Received |
NA |
28.765 |
|
Total |
NA |
33.265 |
INDEX OF CHAREGS
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10430318 |
29/04/2013 |
794,000.00 |
VIJAYA BANK |
"RAMARAJA
COMPLEX", FIRST FLOOR, 114 A JAWAHARLAL NEHRU STREET, PONDICHERRY - 605001, INDIA |
B76818657 |
|
2 |
90005820 |
11/03/2005 * |
70,000,000.00 |
VIJAY BANK |
114 A ; J.N. STREET; PONDICHERY-1, INDIA |
- |
|
3 |
90262433 |
11/03/2005 * |
70,000,000.00 |
VIJAYA BANK |
114; JN STREET, PONDICHERRY, INDIA |
- |
|
4 |
90005667 |
28/10/2014 * |
365,400,000.00 |
VIJAYA BANK |
NO.1, 100 FEET ROAD, ELLAIPILLAI CHAVADI,
PONDICHERRY - 605013, INDIA |
C33348038 |
|
5 |
90261955 |
30/03/2002 * |
30,800,000.00 |
VIJAYA BANK |
JN STREET, PONDICHERRY, INDIA |
- |
* Date of charge modification
STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER AND FOR THE
YEAR ENDED 30.06.2015
(Rs. in Million)
|
SOURCES OF FUNDS |
3
Months ended 30.06.2015 |
|
Income from Operations |
|
|
(a) Net sates/income from operations (Net of excise duty) |
298.855 |
|
(b) Other Operating Income |
0.848 |
|
Total income from operations (net) |
299.703 |
|
Expenses |
|
|
(a) Cost of materials consumed |
87.978 |
|
(b) Purchases of stock-in trade |
178.880 |
|
(c) Changes in inventories of finished goods. work-in-progress and
stock in trade |
25.646 |
|
(d) Employee benefits expense |
0.431 |
|
(e) Depreciation and Amortization Expenses |
0.785 |
|
(f) Other Expenses (any items exceeding 10% of the total expenses
relating to continuing operations to be shown separately) |
3.340 |
|
Total expenses |
297.060 |
|
Profit/ (Loss) from operations before other Income, finance costs and
exceptional Items (1-2) |
2.643 |
|
Other Income |
0.677 |
|
Profit/ (Loss) from operations before other income, finance costs and
exceptional items (3+4) |
3.320 |
|
Finance Costs |
2.751 |
|
Profit/ (Loss) from ordinary activities after finance cost but before
exceptional items (5-6) |
0.569 |
|
Exceptional items |
0.000 |
|
Profit/ (Loss) from ordinary activities before tax (7+8) |
0.569 |
|
Tax expenses |
0.000 |
|
Net Profit / (Loss) from ordinary activities after tax (9-10) |
0.569 |
|
Extraordinary item (net of tax expense) |
0.000 |
|
Net Profit / (Loss) for the period (11-12) |
0.569 |
|
Share of profit' (loss) of associates |
|
|
Minority Interest |
|
|
Net Profit/ (Loss) after taxes, minority interest and share of
profit/(loss) of associates (13+14+15) |
0.569 |
|
Paid up equity share capital (9500000 shares of Rs 10/- each) |
95.000 |
|
Reserve excluding Revaluation Reserve as per Balance Sheet of previous
accounting year |
|
|
Earnings per share (before extraordinary items) of Rs.10/- each (not
annualized): |
|
|
(a) Basic |
0.06 |
|
(b) Diluted |
0.06 |
|
PARTICULARS OF SHAREHOLDING |
|
|
A. Public Shareholding |
|
|
- Number of shares |
3786000 |
|
- Percentage of shareholding |
39.85 |
|
Promoters and Promoter group shareholding |
|
|
a) Pledged / Encumbered |
|
|
- Number of shares |
|
|
- Percentage of shares (as a % of the total shareholding of Promoter
& Promoter group) |
Nil |
|
- Percentage of shares (as a % of the total Share Capital of the
Company) |
Nil |
|
b) Non Encumbered |
|
|
- Number of shares |
5714000 |
|
- Percentage of shares (as a % of the total shareholding of Promoter
& Promoter group) |
60.15 |
|
- Percentage of shares (as a % of the total Share Capital of the
Company) |
|
|
B Investor
Complaints |
3 months ended
30.06.2015 |
|
Pending at the beginning of the quarter |
Nil |
|
Received during the quarter |
Nil |
|
Disposed during the quarter |
Nil |
|
Remaining unresolved at the end of the quarter |
Nil |
Note:
1. Previous year figures have been regrouped wherever necessary.
2. The above financial results have been taken on record by the board of directors at their meeting held on 30.07.2015.
3. The company operates only one segment – Edible Oil.
FIXED ASSETS
Tangible Assets
- Land and Site Development
- Factory Building
- Office Building
- Plant and Machinery
- Tools
- Lab Equipments
- Office Equipments
- Furniture and Fitting
STANDALONE/CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES
(Rs. in Million)
|
SOURCES OF FUNDS |
|
|
30.06.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
95.000 |
|
(b) Reserves &
Surplus |
|
|
(52.077) |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
42.923 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
13.110 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.999 |
|
Total Non-current Liabilities
(3) |
|
|
14.109 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
57.176 |
|
(b) Trade payables |
|
|
235.088 |
|
(c) Other current
liabilities |
|
|
19.928 |
|
(d) Short-term provisions |
|
|
0.118 |
|
Total Current Liabilities
(4) |
|
|
312.310 |
|
|
|
|
|
|
TOTAL |
|
|
369.342 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
72.254 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.825 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
73.079 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
160.628 |
|
(c) Trade receivables |
|
|
9.089 |
|
(d) Cash and cash
equivalents |
|
|
3.230 |
|
(e) Short-term loans and
advances |
|
|
1.636 |
|
(f) Other current assets |
|
|
121.680 |
|
Total Current Assets |
|
|
296.263 |
|
|
|
|
|
|
TOTAL |
|
|
369.342 |
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. 66.50 |
|
|
1 |
Rs. 101.99 |
|
Euro |
1 |
Rs. 75.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SANS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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
unfavorable 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.