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MIRA INFORM REPORT
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Report No. : |
504094 |
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Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
KIRLOSKAR BROTHERS LIMITED |
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Registered
Office : |
Udyog Bhavan, Tilak Road, Pune – 411002, Maharashtra |
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Tel. No.: |
91-20-24440770 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
15.01.1920 |
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Com. Reg. No.: |
11-000670 |
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Capital
Investment / Paid-up Capital : |
INR 158.818 Million |
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CIN No.: [Company Identification
No.] |
L29113PN1920PLC000670 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration 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.] |
Not Divulged |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges |
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Line of Business
: |
Subject is engaged in providing global fluid management
solutions. The core products of the company are Engineered Pumps, Industrial
Pumps, Agriculture and Domestic Pumps, Valves, and Hydro turbines. [Registered Activity] |
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No. of Employees
: |
Approximately Staff-1444, Workmen-947 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Kirloskar Brothers Limited is a part of the Kirloskar group, is India's largest manufacturer and exporter of pumps. The company caters to the oil and gas, Defence and marine, water resource management, irrigation, power, distribution, and construction sectors. The company was incorporated in the year 1920 and has its base in Pune (Maharashtra). It is a well-established company having a decent track record. For the financial year 2017, the company has increased its operational performance as compared to previous year and maintained average profit margin of 1.81%. The rating takes into consideration sound financial risk profile of the company marked by healthy net worth base and low debt level along with fair liquidity position. Rating also derives strength from company’s leadership position in the domestic pump market along with a diversified revenue profile. Share price are quoted high on stock exchange (Share Price of INR 313.45 with face value of INR 02). As per quarterly financials of December 2017, the company has achieved a sales turnover of INR 4421.000 million and reported fair profit margin of 2.15%. However, rating strength is partially offset due to intense competition from unorganized players and imported pumps and large working capital requirements. Trade relations are reported as fair. Payments seems to be regular and as per commitments. In view of established market position, the company can be considered good for normal business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term rating = AA- |
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Rating Explanation |
High degree of safety and very low credit
risk |
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Date |
08.03.2018 |
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Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A1+ |
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Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
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Date |
08.03.2018 |
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 19.04.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Sanjay Chandrakant Kirloskar |
|
Designation : |
Managing Director |
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Contact No.: |
91-9850820572 |
|
Date : |
14.04.2018 |
LOCATIONS
|
Registered Office : |
Udyog Bhavan, Tilak Road, Pune – 411002, Maharashtra, India |
|
Tel. No.: |
91-20-24440770 |
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Mobile No.: |
91-9850820572 (Mr. Sanjay Chandrakant Kirloskar) |
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Fax No.: |
91-20-24402083 |
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E-Mail : |
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Website : |
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Corporate Office: |
"Yamuna", Survey No. 98 / 3 to 7, Baner, Pune-411045,
Maharashtra, India |
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Tel. No.: |
91-20-27214444 / 67214444 |
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Fax No.: |
91-20-67211060 |
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Factory 1 : |
Kirloskarvadi, District Sangli - 416308, Maharashtra, India |
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Tel. No.: |
91-2346-222301-05/ 222361-05 |
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Factory 2 : |
Dewas Station Road, Dewas - 455001, Madhya Pradesh, India |
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Tel. No.: |
91-7272-227397/ 227401/ 405/ 409 |
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Factory 3 : |
Shirwal Gat No. 117, Shindevadi, Taluka Khandala, District Satara-412801, Maharashtra, India |
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Tel. No.: |
91-2169-244360/ 244370/ 244322 |
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Factory 4 : |
Kondhapuri, Gat No. 252/2 + 254/2, Kondhapuri, Tal. Shirur, District Pune-412 208, Maharashtra, India |
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Tel. No.: |
91-2137-240025/ 041/ 047 |
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Factory 5 : |
Kaniyur Village, S. F. No. 324/1, Moperipalayam Road, Thattampudur, Kaniyur Village, Karumathampatti - PO, Coimbatore-641659, Tamilnadu, India |
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Tel. No.: |
91-421-2904699 |
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Factory 6 : |
Sanand, Sr. No. 254/1, Ahmedabad-Viramgam Highway, Village Chharodi, Tal. Sanand, District Ahmedabad-382170, Gujarat, India |
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Tel. No.: |
91-2717-273310 |
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Factory 7 : |
Pune Bangalore Highway, Shiroli (Pulachi), Hatkanangale, Kolhapur – 416122, Maharashtra, India |
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Tel. No.: |
91-230-2468061 / 62 / 63 |
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Fax No.: |
91-230-2468761 |
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Regional Sales
Offices: |
Located at: · Ahmedabad · Bangalore · Bhopal · Jaipur · Kochi · Kolkata · Lucknow · Mumbai · Nagpur · New Delhi · Pune · Jamshedpur · Secunderabad |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sanjay Chandrakant Kirloskar |
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Designation : |
Managing Director |
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Address: |
Sr. No. 270, Plot No. 22 and 23, Pallod Farms, Baner, Pune - 411045, Maharashtra, India |
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Date of Birth/Age : |
60 Years |
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Qualification : |
Bachelor of Science (M.E), Illinois lnst. of Tech. USA |
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Date of Appointment : |
19.11.2015 |
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DIN No.: |
00007885 |
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Name : |
Mr. Shrikrishna Narhar Inamdar |
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Designation : |
Director |
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Address: |
2 A, Ameya Apts.,1193-B, Kashinath Dhuru Road, Dadar (West), Mumbai - 400028, Maharashtra, India |
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Date of Appointment : |
01.08.1989 |
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DIN No.: |
00025180 |
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Name : |
Mr. Kishor Anant Chaukar |
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Designation : |
Director |
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Address: |
Abhimanshree Housing Society, Pashan Road, B-43, Near NCL, Pune - 411016, Maharashtra, India |
|
Date of Appointment : |
27.04.2015 |
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DIN No.: |
00033830 |
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Name : |
Mrs. Lalita Dileep Gupte |
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Designation : |
Director |
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Address: |
153C, Mhaskar Building, Sir Bhalchandra Road, Matunga, Mumbai - 400019, Maharashtra, India |
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Date of Appointment : |
18.01.2007 |
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DIN No.: |
00043559 |
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Name : |
Mr. Pratap Baburao Shirke |
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Designation : |
Director |
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Address: |
Coombe Edge, Sunnng Hill Road, Windlesham, Surrey GU206PP GB |
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Date of Appointment : |
20.07.2007 |
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DIN No.: |
00104902 |
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Name : |
Mr. Padmakar Shamsundar Jawadekar |
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Designation : |
Director |
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Address: |
No. 670, 5th Main, 12th Cross M C Layout, Vijayanagar, Bangalore - 560040, Karnataka, India |
|
Date of Appointment : |
19.02.2005 |
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DIN No.: |
00155177 |
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Name : |
Mr. Alok Sanjay Kirloskar |
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Designation : |
Director |
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Address: |
Waterdale Manor House, 20 Harewood Avenue, London Nw16jx Gb |
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Date of Appointment : |
18.07.2012 |
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DIN No.: |
05324745 |
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Name : |
Mr. Rakesh Mohan |
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Designation : |
Additional Director |
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Address: |
E - 57, Panch Shila Park, New Delhi-110017, India |
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Date of Appointment : |
27.07.2017 |
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DIN No.: |
02790744 |
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Name : |
Mr. Rama Sanjay Kirloskar |
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Designation : |
Additional Director |
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Address: |
S. No. 270, Plot No 22 and 23 Pallod Farms, Opposite BPCL Petrol Pump, Baner Road, Pune-411045, Maharashtra, India |
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Date of Appointment : |
27.07.2017 |
|
DIN No.: |
07474724 |
KEY EXECUTIVES
|
Name : |
Mr. Chittaranjan Madhukar Mate |
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Designation : |
Chief Financial Officer |
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Address: |
1896, Anamika Bunglow, S. M. Mate Path, Sadashiv Peth, Pune - 411030, Maharashtra, India |
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Date of Appointment : |
27.07.2015 |
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PAN No.: |
AAUPM9365N |
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Name : |
Mr. Sandeep Anil Phadnis |
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Designation : |
Company Secretary |
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Address: |
18, Swapna 25-26, Rambag Coly, Off Paud Road, Mh Kothrud, Pune - 411038, Maharashtra, India |
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Date of Appointment : |
04.04.2013 |
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PAN No.: |
AARPP3020E |
SHAREHOLDING PATTERN
AS ON MARCH 2018
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of
shares (calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
(A) Promoter & Promoter Group |
52031343 |
65.52 |
|
|
(B) Public |
27377583 |
34.48 |
|
|
Grand Total |
79408926 |
100.00 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER
GROUP
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu undivided Family |
32701387 |
41.18 |
|
|
Sanjay Chandrakant Kirloskar |
17596133 |
22.16 |
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|
Rahul Chandrakant Kirloskar |
404501 |
0.51 |
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|
Vikram Shreekant Kirloskar |
70236 |
0.09 |
|
|
Atul Chandrakant Kirloskar |
398888 |
0.50 |
|
|
Suman Chandrakant Kirloskar |
9168 |
0.01 |
|
|
Mrinalini Shreekant Kirloskar |
13781 |
0.02 |
|
|
Pratima Sanjay Kirloskar |
13760488 |
17.33 |
|
|
Alpana Rahul Kirloskar |
100 |
0.00 |
|
|
Jyotsna Gautam Kulkarni |
441805 |
0.56 |
|
|
Arti Atul Kirloskar |
100 |
0.00 |
|
|
Alok Sanjay Kirloskar |
6187 |
0.01 |
|
|
Any Other (Specify) |
19329956 |
24.34 |
|
|
Kirloskar Industries Limited |
18988038 |
23.91 |
|
|
Prakar Investments Private Limited |
269671 |
0.34 |
|
|
Achyut and Neeta Holdings and Finance Private Limited |
72247 |
0.09 |
|
|
Sub Total A1 |
52031343 |
65.52 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
52031343 |
65.52 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER
|
Category & Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR,
1957 As a % of (A+B+C2) |
|
|
B1) Institutions |
0.00 |
||
|
Mutual Funds/ |
4117967 |
5.19 |
|
|
Reliance Capital Trustee Company Limited-A/C Reliance Small Cap Fund |
3413739 |
4.30 |
|
|
Alternate Investment Funds |
239221 |
0.30 |
|
|
Foreign Portfolio Investors |
1848830 |
2.33 |
|
|
Warburg Value Fund |
1000000 |
1.26 |
|
|
Financial Institutions/ Banks |
3116173 |
3.92 |
|
|
The New India Assurace Company Limited |
1173212 |
1.48 |
|
|
General Insurance Corporation of India |
1406725 |
1.77 |
|
|
Sub Total B1 |
9322191 |
11.74 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0.00 |
||
|
B3) Non-Institutions |
0.00 |
||
|
Individual share capital upto INR 0.200 Million |
10618730 |
13.37 |
|
|
Individual share capital in excess of INR 0.200 Million |
1995646 |
2.51 |
|
|
Any Other (specify) |
5441016 |
6.85 |
|
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Bodies Corporate |
3031548 |
3.82 |
|
|
ICICI Prudential Life Insurance Company Limited |
1957630 |
2.47 |
|
|
Non-Resident Indian (NRI) |
331905 |
0.42 |
|
|
Clearing Members |
62853 |
0.08 |
|
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HUF |
508637 |
0.64 |
|
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Foreign Nationals |
4792 |
0.01 |
|
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Trusts |
17100 |
0.02 |
|
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Director or Director's Relatives |
58816 |
0.07 |
|
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Employees |
4000 |
0.01 |
|
|
IEPF |
1421365 |
1.79 |
|
|
Sub Total B3 |
18055392 |
22.74 |
|
|
B=B1+B2+B3 |
27377583 |
34.48 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing global fluid management
solutions. The core products of the company are Engineered Pumps, Industrial
Pumps, Agriculture and Domestic Pumps, Valves, and Hydro turbines. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Approximately Staff-1444, Workmen-947 |
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Bankers : |
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Facilities : |
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Auditor 1 : |
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Name : |
P G. Bhagwat Chartered Accountants |
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Address : |
Pune, Maharashtra, India |
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Auditor 2 : |
|
|
Name : |
Sharp and Tannan Associates Chartered Accountants |
|
Address : |
87, Nariman Bhavan, 227 Nariman Point, Mumbai-400021, Maharashtra,
India |
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Tel. No.: |
91-22-61537500 / 22022224 / 8857 |
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Fax No.: |
91-22-22023856 |
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E-Mail: |
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Website: |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Companies : |
·
Karad Projects and Motors Limited CIN No.:
U45203PN2001PLC149623 ·
The Kolhapur Steel Limited CIN No.:
U27106MH1965PLC013212 ·
Kirloskar Corrocoat Private Limited CIN No.:
U28920PN2006PTC022240 ·
SPP Pumps Limited ·
SPP Pumps (South Africa Pty.) Limited ·
SPP Pumps (MENA) LLC ·
SPP Pumps, Inc. ·
Kirloskar Pompen B.V, Netherlands ·
Braybar Pumps (Proprietary) Limited ·
Kirloskar Brothers (Thailand) Limited ·
Rodelta Pumps International B.V. ·
Kirloskar Brothers International Pty ·
Syncroflo Inc. |
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Associates Company : |
KBL Synerge LLP |
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Joint Venture: |
Kirloskar Ebara Pumps Limited CIN No.: U29120MH1988PLC045865 |
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Enterprises over
which key managerial personnel or their relatives exercise significant
influence: |
Prakar Investments Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
INR 2/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
79408926 |
Equity Shares |
INR 2/- each |
INR 158.818 Million |
|
|
|
|
|
a) Terms/rights
attached to equity shares:
The company has only one class of equity shares, having par value of INR 2/- per share. Each holder of equity share is entitled to one vote per share and has a right to receive dividend as recommended by the Board of Directors subject to the necessary approval from the shareholders. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
For the year ended March 31, 2017 the Board of Directors have proposed final dividend of INR Nil (2016: INR, 2015 INR 0.50) per share subject to shareholders' approval.
The Board of Directors have declared interim dividend of INR Nil (2016: INR 0.50, 2015: INR Nil) per share.
b) Reconciliation
of share capital
|
Equity Shares |
Number
of Shares |
INR
in Million |
|
Shares outstanding at the beginning of the year |
79408926 |
158.818 |
|
Shares issued during the year under ESOS |
-- |
-- |
|
Shares outstanding at the end of the year |
79408926 |
158.818 |
c) Details of shareholders holding more than 5% shares:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Kirloskar Industries Limited |
18988038 |
23.91% |
|
Sanjay Chandrakant Kirloskar* |
17529133 |
22.07% |
|
Pratima Sanjay Kirloskar |
13760488 |
17.300% |
* includes 1717015 (1624615), 2% (2%) shares held in the capacity of a trustee.
d) Shares reserved
for Employee Stock Option Scheme (ESOS)
|
Particular |
Number
of Shares |
INR
in Million |
|
Shares reserved for ESOS |
5161840 |
10.324 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
158.818 |
158.818 |
158.776 |
|
(b) Reserves &
Surplus |
8221.316 |
7902.793 |
7804.284 |
|
(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) |
8380.134 |
8061.611 |
7963.060 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
8.587 |
17.260 |
31.730 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
787.476 |
1143.179 |
1112.762 |
|
(d) long-term provisions |
163.862 |
161.521 |
126.025 |
|
Total Non-current
Liabilities (3) |
959.925 |
1321.960 |
1270.517 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1877.632 |
2517.167 |
2341.936 |
|
(b) Trade payables |
4451.980 |
4317.094 |
4050.160 |
|
(c) Other current
liabilities |
3487.772 |
3012.233 |
3317.700 |
|
(d) Short-term provisions |
371.374 |
321.937 |
338.287 |
|
Total Current Liabilities
(4) |
10188.758 |
10168.431 |
10048.083 |
|
|
|
|
|
|
TOTAL |
19528.817 |
19552.002 |
19281.660 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2851.601 |
2911.318 |
3090.979 |
|
(ii) Intangible Assets |
60.813 |
44.534 |
14.070 |
|
(iii) Capital
work-in-progress |
32.625 |
61.345 |
70.657 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2387.958 |
2387.953 |
2334.094 |
|
(c) Deferred tax assets
(net) |
191.697 |
186.702 |
109.889 |
|
(d) Long-term Loan and Advances |
193.440 |
304.274 |
1503.735 |
|
(e) Other Non-current
assets |
2667.765 |
2964.357 |
938.275 |
|
Total Non-Current Assets |
8385.899 |
8860.483 |
8061.699 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2595.112 |
2062.218 |
1876.566 |
|
(c) Trade receivables |
3515.710 |
3589.536 |
3946.739 |
|
(d) Cash and cash
equivalents |
254.666 |
201.610 |
142.527 |
|
(e) Short-term loans and
advances |
933.927 |
928.905 |
1220.744 |
|
(f) Other current assets |
3843.503 |
3909.250 |
4033.385 |
|
Total Current Assets |
11142.918 |
10691.519 |
11219.961 |
|
|
|
|
|
|
TOTAL |
19528.817 |
19552.002 |
19281.660 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
18230.387 |
17212.231 |
16257.051 |
|
|
Other Income |
182.381 |
207.864 |
112.715 |
|
|
TOTAL |
18412.768 |
17420.095 |
16369.766 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
7117.803 |
7512.728 |
8063.682 |
|
|
Purchases of
Stock-in-Trade |
3248.883 |
2590.984 |
2841.880 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(374.886) |
(205.984) |
(434.735) |
|
|
Employees benefits
expense |
2165.563 |
1915.524 |
1702.296 |
|
|
Other expenses |
5010.738 |
4742.447 |
3231.413 |
|
|
TOTAL |
17168.101 |
16555.699 |
15404.536 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1244.667 |
864.396 |
965.230 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
315.090 |
381.891 |
413.176 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
929.577 |
482.505 |
552.054 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
396.688 |
408.067 |
496.765 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
532.889 |
74.438 |
55.289 |
|
|
|
|
|
|
|
Less |
TAX |
202.919 |
(33.336) |
(29.580) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
329.970 |
107.774 |
84.869 |
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1696.610 |
1663.881 |
1647.771 |
|
|
|
|
|
|
|
|
As per Schedule II of Companies Act 2013 |
0.000 |
0.000 |
(40.755) |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
Corporate social
responsibility (CSR) spend |
0.000 |
0.000 |
45.000 |
|
|
Proposed Dividend |
0.000 |
89.761 |
39.694 |
|
|
Dividend distribution tax |
0.000 |
0.000 |
1.238 |
|
|
Total |
0.000 |
89.761 |
85.932 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
2015.133 |
1696.610 |
1605.953 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
1235.231 |
1056.073 |
|
|
Service rendered / Civil
work |
|
2.384 |
58.016 |
|
|
Others |
|
7.812 |
165.368 |
|
|
TOTAL EARNINGS |
1651.000 |
1245.427 |
1279.457 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
397.142 |
369.754 |
|
|
Capital Goods |
|
6.059 |
154.234 |
|
|
TOTAL IMPORTS |
382.000 |
403.201 |
523.988 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.16 |
1.36 |
1.07 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
8.673 |
7.818 |
8.461 |
|
Cash generated from operations |
1126.424 |
651.778 |
1195.800 |
|
Net cash flow from operating activities |
1174.238 |
504.949 |
1085.028 |
QUARTERLY
RESULTS
|
PARTICULARS |
30.06.2017 1st
Quarter |
30.09.2017 2nd
Quarter |
31.12.2017 3rd
Quarter |
|
Audited
/ Unaudited |
|
|
|
|
|
|
|
|
|
Net Sales |
4435.990 |
4341.000 |
4421.000 |
|
Total Expenditure |
4259.330 |
4013.000 |
4187.000 |
|
PBIDT (Excl OI) |
176.660 |
328.000 |
234.000 |
|
Other Income |
52.160 |
41.000 |
39.000 |
|
Operating Profit |
228.820 |
369.000 |
273.000 |
|
Interest |
67.490 |
50.000 |
65.000 |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
161.330 |
319.000 |
208.000 |
|
Depreciation |
87.840 |
90.000 |
88.000 |
|
Profit Before Tax |
73.490 |
229.000 |
120.000 |
|
Tax |
18.980 |
44.000 |
29.000 |
|
Provisions and contingencies |
NA |
NA |
NA |
|
Profit After Tax |
54.510 |
185.000 |
91.000 |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
54.510 |
185.000 |
91.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors
/ Income * 365) |
70.39 |
76.12 |
88.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
5.19 |
4.80 |
4.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
156.75 |
155.96 |
135.56 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.48 |
0.42 |
0.51 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.42 |
0.29 |
0.30 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.52 |
0.52 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.23 |
0.32 |
0.30 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.22 |
1.26 |
1.26 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.35 |
0.37 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.95 |
2.26 |
2.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.81 |
0.63 |
0.52 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.69 |
0.55 |
0.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.94 |
1.34 |
1.07 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.09 |
1.05 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.84 |
0.85 |
0.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.43 |
0.41 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.93 |
16.01 |
15.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.09 |
1.05 |
1.12 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 2.00/- |
|
Market Value |
INR 313.45/- |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
158.776 |
158.818 |
158.818 |
|
Reserves & Surplus |
7804.284 |
7902.793 |
8221.316 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
7963.060 |
8061.611 |
8380.134 |
|
|
|
|
|
|
Long-term borrowings |
31.730 |
17.260 |
8.587 |
|
Short term borrowings |
2341.936 |
2517.167 |
1877.632 |
|
Current Maturities of
Long term debt |
8.461 |
7.818 |
8.673 |
|
Total borrowings |
2382.127 |
2542.245 |
1894.892 |
|
Debt/Equity ratio |
0.299 |
0.315 |
0.226 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
16257.051 |
17212.231 |
18230.387 |
|
|
|
5.875 |
5.915 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
16257.051 |
17212.231 |
18230.387 |
|
Profit |
84.869 |
107.774 |
329.970 |
|
|
0.52% |
0.63% |
1.81% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
158.818 |
158.818 |
|
(b) Reserves &
Surplus |
|
8821.923 |
9065.075 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
(3) Non-controlling
interest |
|
29.002 |
21.863 |
|
Total Shareholders’ Funds
(1) + (2) |
|
9009.743 |
9245.756 |
|
|
|
|
|
|
(4) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
501.874 |
454.157 |
|
(b) Deferred tax
liabilities (Net) |
|
90.952 |
86.455 |
|
(c) Other long term
liabilities |
|
765.059 |
1141.231 |
|
(d) long-term provisions |
|
212.979 |
208.735 |
|
Total Non-current
Liabilities (3) |
|
1570.864 |
1890.578 |
|
|
|
|
|
|
(5) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
3050.279 |
3035.504 |
|
(b) Trade payables |
|
5809.717 |
5800.575 |
|
(c) Other current
liabilities |
|
4769.570 |
4153.918 |
|
(d) Short-term provisions |
|
482.206 |
464.239 |
|
Total Current Liabilities
(4) |
|
14111.772 |
13454.236 |
|
|
|
|
|
|
TOTAL |
|
24692.379 |
24590.570 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4430.258 |
4648.246 |
|
(ii) Intangible Assets |
|
347.642 |
356.855 |
|
(iii) Capital
work-in-progress |
|
39.384 |
63.610 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
456.038 |
402.539 |
|
(c) Deferred tax assets
(net) |
|
325.100 |
239.369 |
|
(d) Long-term Loan and Advances |
|
218.856 |
325.196 |
|
(e) Other Non-current
assets |
|
2750.679 |
3037.640 |
|
Total Non-Current Assets |
|
8567.957 |
9073.455 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
5315.771 |
5681.091 |
|
(b) Inventories |
|
4306.612 |
3620.429 |
|
(c) Trade receivables |
|
790.106 |
630.491 |
|
(d) Cash and cash
equivalents |
|
978.466 |
924.037 |
|
(e) Short-term loans and
advances |
|
29.905 |
11.915 |
|
(f) Other current assets |
|
4703.562 |
4649.152 |
|
Total Current Assets |
|
16124.422 |
15517.115 |
|
|
|
|
|
|
TOTAL |
|
24692.379 |
24590.570 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
26568.171 |
26419.174 |
|
|
Other Income |
|
306.249 |
273.375 |
|
|
TOTAL |
|
26874.420 |
26692.549 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
11751.069 |
12520.162 |
|
|
Purchases of
Stock-in-Trade |
|
1537.167 |
1288.833 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(355.093) |
(423.400) |
|
|
Employees benefits
expense |
|
4686.030 |
4304.580 |
|
|
Other expenses |
|
7996.394 |
7983.896 |
|
|
TOTAL |
|
25615.567 |
25674.071 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
1258.853 |
1018.478 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
445.295 |
507.602 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
813.558 |
510.876 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
649.429 |
661.715 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
164.129 |
(150.839) |
|
|
|
|
|
|
|
Less |
TAX |
|
181.716 |
(37.697) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
(17.587) |
(113.142) |
|
|
|
|
|
|
|
Add |
Share of profit/ (loss)
of joint venture company |
|
53.293 |
(119.187) |
|
|
|
|
|
|
|
|
PROFIT FOR THE PERIOD |
|
35.706 |
(232.329) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
0.48 |
(3.04) |
LEGAL
CASE
|
Bench:-Bombay
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Case Details Bench:-Bombay
|
||||||||||||||||||||||||||||||||||||||||
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The company is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1913. KBL is engaged in providing global fluid management solutions. The core products of the company are Engineered Pumps, Industrial Pumps, Agriculture and Domestic Pumps, Valves, and Hydro turbines.
OPERATIONS OF THE
COMPANY
The revenue from operations for the year is INR 18230.400 million which is more than 6% compared to the previous year.
The Company continues to be the only Indian company manufacturing metallic volute pumps in the country. They have become the world's largest concrete Volute pump manufacturer their focused efforts on HYPN systems [Pressure Boosting (Hydro Pneumatic)System] has crossed a landmark of 200 systems for the year .
Small Pump Business has registered an approximate growth of about 13% over the last year. The sales for the small pump business were affected in the month of November 2016 due to demonetisation but registered an increase in the month of December 2016.
Valves sector despatched 2000 mm size Multi Door Non Returnable Valve (MDNRV) one of the largest valve installed in India. BHIMA LIS Telangana project was successfully commissioned.
During the year Company has received a 'Completion of Facilities Certificate1forDVCKoderma Project. A final 'Completion Certificate1 for Jaypee Bina 2 x 250 MW Thermal Power Project (M.P) was also received. The preliminaryhandingoverorEITagen'pumpingstationsinEgypLwascompletedthisyear
Main focus of the Power sector during the year was on International projects along with the development of business in the subcontinent.
Kirloskarvadi factory has designed developed and supplied Vertical Turbine Pumps (BHR34C(S)). These pumps comply with UL (UnderwritersLaboratories) standards. It has also developed at rolley mounted Autoprime Pumpset (APM200/24)with 19HP engine. During the year it has manufactured largest split case pump and also developed Glosed Coupled Magnetic Drive pump Type RMKG. This series of pumps are useful in handling aggressive chemicals. In addition Kondhapuri and Kirloskarvadi plants received Bronze and Silver awards respectively at Green Co Summit: 2016 held by Cll at Hyderabad.
Dewas plant implemented Green Projects (Bio-gas plant Solar LED street lighting LED shop floor lighting Solar water heating system etc.) to reduce carbon foot-print and cost. Five new improved series of pumps were launched at Sanand Plant.
During the year Sanand and Kaniyur plants received ISO 50001 certification for energy management.
Aggressive marketing activities were conducted across the country by organising plumber meets mechanics meets campaigning by wall painting and reach activity with special focus on Maharashtra. In addition an intensive marketing campaign has been launched which includes radio and outdoor media covering public transport shelter. A mobile and Web application 'Storm II1 was launched for Small Pump Business.
Kondhapuri plant was awarded a 'Certificate of Excellence1under small and medium enterprise sector at the 11th state level awards for excellence in Energy Conservation and Management Competition organized by Maharashtra Energy Development Agency Government of Maharashtra. It has also received SA 8000 Certificate from Social Accountability Accreditation Services (SAAS).
The World Environment day was celebrated at corporate office 'Yamuna1Pune and at all manufacturing units on June 5 2016. International Yoga Day was celebrated at Kirloskarvadi on June 212016over500 employees participated in this event. Also 200trees were planted at Kirloskarvadi and 350 saplings were handed over to the students at Kirloskarvadi School in support to Government of Maharashtra's plantation drive. There were no material changes or commitments to report which affect the financial position of the Company that has occurred between the end of the Financial Year and the date of this report.
UNSECURED LOANS:
|
Unsecured Loan |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Deferral payment liabilities under sales tax deferral scheme |
17.260 |
25.078 |
|
Less: Current maturity |
8.673 |
7.818 |
|
Total |
8.587 |
17.260 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
A15042278 |
10050248 |
CANARA BANK |
30/03/2007 |
- |
218100000.0 |
Industrial Finance Branch, MG Road, Camp, Pune-411001, Maharashtra, India |
|
2 |
Y10172311 |
90087290 |
CANARA BANK |
14/05/2005 |
- |
500000000.0 |
Industrial Finance Branch, MG Road, Camp, Pune-411001, Maharashtra, India |
|
3 |
Y10172170 |
90087149 |
EXPORT -IMPORT BANK OF INDIA |
11/02/2005 |
- |
2000000.0 |
Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai-400005, Maharashtra, India |
|
4 |
B29196706 |
80022457 |
Bank of India |
25/10/2004 |
12/12/2011 |
18000000000.0 |
1162/6, Shivaji Nagar, University Road, Near Observatory, Pune-411005, Maharashtra, India |
|
5 |
Y10171875 |
90086854 |
CANARA BANK |
26/06/2004 |
- |
250000000.0 |
Industrial Finance Branch, MG Road, Camp, Pune-411001, Maharashtra, India |
|
6 |
Y10171691 |
90086670 |
CANARA BANK |
14/02/2004 |
- |
400000000.0 |
Industrial Finance Branch, MG Road, Camp, Pune-411001, Maharashtra, India |
|
7 |
Y10171507 |
90086486 |
CANARA BANK |
07/08/2003 |
- |
30100000.0 |
Industrial Finance Branch, MG Road, Camp, Pune-411001, Maharashtra, India |
|
8 |
Y10171438 |
90086417 |
CANARA BANK |
05/06/2003 |
- |
8900000.0 |
Industrial Finance Branch, MG Road, Camp, Pune-411001, Maharashtra, India |
|
9 |
Y10171062 |
90086041 |
CANARA BANK |
14/03/2002 |
- |
256300000.0 |
Industrial Finance Branch, MG Road, Camp, Pune-411001, Maharashtra, India |
|
10 |
Y10170896 |
90085875 |
CANARA BANK |
12/09/2001 |
- |
7000000.0 |
Industrial Finance Branch, MG Road, Camp, Pune-411001, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which the company is contingently liable for |
|
|
|
Central excise and service tax (Matter
Subjudice) |
936.080 |
1017.697 |
|
Sales tax (Matter Subjudice) |
200.557 |
192.994 |
|
Income Tax (Matter Subjudice) |
552.044 |
749.748 |
|
Labour Matters (Matter Subjudice) |
37.095 |
48.664 |
|
Other legal cases (Matter Subjudice) |
363.587 |
162.665 |
|
Total |
2089.363 |
2171.768 |
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2017
(INR In Million)
|
Particulars |
Quarter ended |
Nine months ended |
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
Unaudited |
Unaudited |
|
INCOME FROM OPERATIONS |
|
|
|
|
Revenue from operations (Net of excise) |
4421.000 |
4341.000 |
12987.000 |
|
Excise duty |
0.000 |
0.000 |
211.000 |
|
Revenue
from operations |
4421.000 |
4341.000 |
13198.000 |
|
Other Income |
39.000 |
41.000 |
132.000 |
|
Total
Income from Operations |
4460.000 |
4382.000 |
13330.000 |
|
|
|
|
|
|
EXPENSES |
|
|
|
|
Cost of materials consumed |
2017.000 |
1991.000 |
6122.000 |
|
Purchase of Stock in Trade |
597.000 |
705.000 |
1983.000 |
|
Changes in inventories of finished goods and
work-in-progress |
8.000 |
(193.000) |
(374.000) |
|
Excise duty |
0.000 |
0.000 |
221.000 |
|
Employee benefits expense |
578.000 |
544.000 |
1654.000 |
|
Finance Costs |
65.000 |
50.000 |
182.000 |
|
Depreciation and Amortization expenses |
88.000 |
90.000 |
266.000 |
|
Other Expenditure |
987.000 |
966.000 |
2853.000 |
|
Total
Expenses |
4340.000 |
4153.000 |
12907.000 |
|
Profit/(Loss) from Operations before Exceptional items and
tax |
120.000 |
229.000 |
423.000 |
|
Exceptional items |
0.000 |
0.000 |
0.000 |
|
Profit / (Loss) before Tax |
120.000 |
229.000 |
423.000 |
|
Tax Expense |
29.000 |
44.000 |
92.000 |
|
Profit
/ (Loss) for the period |
91.000 |
185.000 |
331.000 |
|
Other
comprehensive income |
|
|
|
|
Items that will be reclassified to profit or loss |
6.000 |
11.000 |
16.000 |
|
Income tax relating to items that will not be reclassified
to profit or loss |
(2.000) |
(4.000) |
(6.000) |
|
Total
Other comprehensive income |
4.000 |
7.000 |
10.000 |
|
Total
comprehensive income |
95.000 |
192.000 |
341.000 |
|
Paid-up Equity Share Capital (Face value INR 2/- per
share) |
159.000 |
159.000 |
159.000 |
|
Basic and Diluted EPS (in INR) |
1.15 |
2.33 |
4.17 |
STANDALONE SEGMENT
WISE REVENUE, RESULTS, ASSETS AND LIABILITIES AS AT DECEMBER 31, 2017
|
Sr. No. |
Particular |
Quarter ended |
Nine months ended |
|
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
|
Unaudited |
Unaudited |
Unaudited |
|
1. |
Segment Revenue |
|
|
|
|
|
Project sectors |
1162.000 |
821.000 |
2764.000 |
|
|
Product sectors |
3259.000 |
3520.000 |
10434.000 |
|
|
Total |
4421.000 |
4341.000 |
13198.000 |
|
|
|
|
|
|
|
2. |
Segment Result |
|
|
|
|
|
Project sectors |
7.000 |
(88.000) |
(198.000) |
|
|
Product sectors |
464.000 |
748.000 |
1667.000 |
|
|
Total |
471.000 |
660.000 |
1469.000 |
|
|
|
|
|
|
|
|
Less : i.
Finance costs |
65.000 |
50.000 |
182.000 |
|
|
ii. Other Un-allocable expenditure net off un-allocable income |
286.000 |
381.000 |
864.000 |
|
|
Total Profit/(Loss)
before tax |
120.000 |
229.000 |
423.000 |
|
|
|
|
|
|
|
3. |
Segment Assets |
|
|
|
|
|
Project sectors |
8836.000 |
8620.000 |
8836.000 |
|
|
Product sectors |
6822.000 |
6873.000 |
6822.000 |
|
|
Unallocated corporate assets |
5809.000 |
5120.000 |
5809.000 |
|
|
Total Segment
Assets |
21467.000 |
20613.000 |
21467.000 |
|
|
|
|
|
|
|
|
Segment Liabilities |
|
|
|
|
|
Project sectors |
6033.000 |
6325.000 |
6033.000 |
|
|
Product sectors |
4329.000 |
3461.000 |
4329.000 |
|
|
Unallocated corporate Liabilities |
2474.000 |
2292.000 |
2474.000 |
|
|
Total Segment Liabilities
|
12836.000 |
12078.000 |
12836.000 |
NOTES:
1. The above results have been reviewed by the Audit Committee and approved by the board of Directors at their meeting held on 24 January 2018.
2. The Limited Review of the Financial Results for the quarter ended December
2017, pursuant to regulation 33 (c) (i) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulation, 2015 has been carried out by the statutory
auditors.
3. During the quarter, the company has made additional investment of INR
343.000 millions in its wholly owned subsidiary, kirloskar Brothers
International BV.
4. Figures have been regrouped wherever necessary.
FIXED ASSETS:
Tangible Asset:
- Land Free/Lease Hold
- Buildings
- Plant and Equipment
- Furniture and Fixture
- Office equipment
- Vehicles
- Railway Siding
Intangible Asset:
- Computer Software
- Sales tax deferral rights
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
|
INR |
|
US Dollar |
1 |
INR 65.68 |
|
UK Pound |
1 |
INR 93.98 |
|
Euro |
1 |
INR 81.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.