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|
MIRA INFORM REPORT
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Report No. : |
504335 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
KALEESUWARI REFINERY AND INDUSTRY PRIVATE LIMITED [w.e.f.
28.11.2015] |
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|
|
|
Formerly Known
As : |
KALEESUWARI INDUSTRIES AND REFINERY PRIVATE
LIMITED (w.e.f. 07.11.2015) KALEESUWARI INDUSTRIES AND REFINERY LIMITED
(w.e.f. 03.11.2015) NATUROL BIOCHEMICALS AND FOODS LIMITED (w.e.f.
15.12.2011) NATUROL BIOENERGY LIMITED NATUROL FUELS LIMITED |
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Registered
Office : |
Municipal No.1-1-780/1 and 2, Flat No.308, Sumanjali Apartment, Gandhinagar Hyderabad - 500080, Telangana |
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Tel. No.: |
91-44-39993999/39993900/22771555/22772188 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
12.05.2003 |
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Com. Reg. No.: |
36-040984 |
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Capital
Investment / Paid-up Capital : |
INR 720.488 Million |
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CIN No.: [Company Identification
No.] |
U23201TG2003PTC040984 |
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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 Available |
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PAN No.: [Permanent Account No.] |
AABCN7337H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacture of bio diesel, allied
products and refined edible oil. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 1800000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2003. It is a wholesale trader of
Edible oil and Bio Diesel. For the financial year 2017, the company has achieved 89.31% growth in
its revenue as compared to previous year revenue and has maintained decent
profitability margin of 10.57% during the year under review. The moderate financial profile of the company is marked by negative
reserve base along with negligible debt level. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
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 20.04.2018
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
MANAGEMENT NON-COOPERATIVE (91-44-39993999/39993900/22771555/22772188)
LOCATIONS
|
Registered Office : |
Municipal No.1-1-780/1 and 2, Flat No.308, Sumanjali Apartment, Gandhinagar Hyderabad - 500080, Telangana, India |
|
Tel. No.: |
91-44-39993999/39993900/22771555/22772188 |
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Fax No.: |
91-44- 39993900/ 39993998 |
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E-Mail : |
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Website: |
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Corporate Office: |
Office No. 53, Rajasekaran, St, Mylapore, Chennai – 600004, Tamilnadu,
India |
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Tel. No.: |
91-44-39993999 |
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Fax No.: |
91-44-39993900/ 39993998 |
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Factory : |
Phase – III, Industrial Park, Vakalpudi Kakinada Rural, Kakinada,
Godavari – 533005, Andhra Pradesh, India |
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Tel. No.: |
91-884-3361099/3361000 |
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Fax No.: |
91-884-3361007 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Gurusamy Munusamy |
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Designation : |
Managing Director |
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Address : |
64, Telugu Chetty Street Old Washermenpet, Chennai
-600021, Tamilnadu,
India |
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Date of Birth/Age : |
30.11.1947 |
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Qualification: |
Graduate |
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Date of Appointment : |
25.09.2015 |
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DIN No.: |
00398643 |
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PAN No.: |
ABNPM2052L |
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Other Directorship:
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Name : |
Munusamy Arun |
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Designation : |
Director |
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Address : |
64, Telugu Chetty Street Old Washermenpet, Chennai
-600021, Tamilnadu,
India |
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Date of Birth/Age : |
28.09.1973 |
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Qualification: |
Graduate |
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Date of Appointment : |
15.05.2015 |
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DIN No.: |
00398555 |
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PAN No.: |
AAGPA8202L |
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Other Directorship:
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Name : |
Marimuthu Poornananth |
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Designation : |
Director |
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Address : |
D1, Vijay Kalyani Apartments, Old.No.74, New.No.103, Avvai
Shanmugam Salai, Royap ettah Chennai -600014, Tamilnadu, India |
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Date of Birth/Age : |
09.06.1973 |
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Qualification: |
Graduate |
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Date of Appointment : |
25.09.2015 |
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DIN No.: |
06814786 |
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Other Directorship:
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Name : |
Ramachandran Ravi |
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Designation : |
Director |
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Address : |
51/2, Ashok Manasarovar Flats 1st Avenue, Ashok Nagar,
Chennai- 600083, Tamilnadu, India |
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Date of Birth/Age : |
16.10.1954 |
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Qualification: |
Graduate |
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Date of Appointment : |
25.09.2015 |
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DIN No.: |
06981477 |
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PAN No.: |
ACIPR6065N |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Anoop Saurab |
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Designation : |
Company Secretary |
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Address : |
"Ganga Nivas" No 1/3L, Chakkarai Street
Kondithope, Chennai - 600079, Tamilnadu, India |
|
Date of Appointment : |
01.11.2017 |
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PAN No.: |
DUWPS3893C |
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|
|
|
Name : |
Mr. Ramachandran Ravi |
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Designation : |
Chief Finance Officer |
|
Address : |
51/2, Ashok Manasarovar Flats 1st Avenue Ashok Nagar
Chennai- 600083, Tamilnadu, India |
|
Date of Appointment : |
08.07.2015 |
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PAN No.: |
ACIPR6065N |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Ajay Babu |
|
1250 |
|
N Ratnakumari |
|
2500 |
|
N Venkatrayudu |
|
2500 |
|
Nimmagadda Prashanti |
|
25000 |
|
Nimmagadda Praveen |
|
25000 |
|
Nimmagadda Prithima |
|
25000 |
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Prasad Chaprala |
|
50000 |
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Dulipalli Uma Devi |
|
25000 |
|
Riveldale Investments Private Limited (India) |
|
100000 |
|
G Munusami |
|
4519496 |
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Roja Rani |
|
2500 |
|
KSR Shashidhar Kumar |
|
25000 |
|
Robert Binyan |
|
152385 |
|
Munusamy Arun |
|
780203 |
|
Ashok Kumar |
|
499959 |
|
Karunaianandam |
|
282600 |
|
Kaleesuwari Munusamy |
|
400100 |
|
Kalavathi |
|
100 |
|
Kaleesuwari Refinery
Private Limited (India) |
|
25130213 |
|
Marimuthu Poornananth |
|
1 |
|
Sririam Parthasarathy |
|
1 |
|
Nithya Pasupathy |
|
1 |
|
Ramachandran Ravi |
|
1 |
|
Total |
|
32048810 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Kaleesuwari Refinery
Private Limited (India) |
|
40000000 |
|
Total |
|
40000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
17.79 |
|
Promoters- Body corporate |
78.41 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
3.49 |
|
Public/Other than promoters - Body corporate |
0.31 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacture of bio diesel, allied
products and refined edible oil. (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 : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
A. Ramachandra Rao and Company Chartered Accountants |
|
Address : |
1St Floor , 3-6-369/A/11Street No 1, Himayatnagar, Hyderabad, Telangana, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABCDP1520K |
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
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|
Holding company: |
Kaleesuwari Refinery Private Limited, India [U15142TN1984PTC010763] |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36,000,000 |
Equity Shares |
INR 10/- each |
INR 360.000 Million |
|
40,000,000 |
Preference Shares |
INR 10/- each |
INR 400.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 760.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32,048,810 |
Equity Shares |
INR 10/- each |
INR 320.488 Million |
|
40,000,000 |
Preference Shares |
INR 10/- each |
INR 400.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 720.488 Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
720.488 |
720.488 |
320.488 |
|
(b) Reserves and Surplus |
(98.833) |
(285.686) |
(257.042) |
|
(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) |
621.655 |
434.802 |
63.446 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
398.206 |
371.712 |
358.338 |
|
(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 |
0.655 |
0.852 |
0.000 |
|
Total Non-current
Liabilities (3) |
398.861 |
372.564 |
358.338 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
146.015 |
459.980 |
0.000 |
|
(b) Trade
payables |
38.621 |
199.023 |
455.399 |
|
(c) Other
current liabilities |
47.484 |
52.289 |
39.683 |
|
(d) Short-term
provisions |
0.010 |
0.000 |
0.615 |
|
Total Current
Liabilities (4) |
232.130 |
711.292 |
495.697 |
|
|
|
|
|
|
TOTAL |
1252.646 |
1518.658 |
917.481 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
918.091 |
747.795 |
450.560 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
15.297 |
92.603 |
349.347 |
|
(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 loans and advances |
4.838 |
3.606 |
3.161 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
938.226 |
844.004 |
803.068 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
231.751 |
461.555 |
50.609 |
|
(c) Trade receivables |
14.711 |
97.390 |
2.312 |
|
(d) Cash and
bank balances |
47.931 |
65.554 |
42.731 |
|
(e)
Short-term loans and advances |
20.028 |
50.155 |
18.761 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
314.421 |
674.654 |
114.413 |
|
|
|
|
|
|
TOTAL |
1252.647 |
1518.658 |
917.481 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1731.612 |
920.770 |
0.000 |
|
|
Other Income |
35.965 |
12.950 |
3.738 |
|
|
TOTAL |
1767.577 |
933.720 |
3.738 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1264.995 |
853.538 |
21.917 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.113) |
(73.384) |
(21.917) |
|
|
Employee benefit expense |
44.627 |
34.192 |
0.000 |
|
|
Other expenses |
154.929 |
91.636 |
1.970 |
|
|
TOTAL |
1463.438 |
905.982 |
1.970 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
304.139 |
27.738 |
1.768 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
81.437 |
21.455 |
0.521 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
222.702 |
6.283 |
1.247 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
35.849 |
34.927 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
186.853 |
(28.644) |
1.247 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
186.853 |
(28.644) |
1.247 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.46 |
(0.38) |
0.02 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
18.750 |
1.911 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
479.046 |
(760.682) |
359.300 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
473.645 |
(765.131) |
356.046 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
3.10 |
38.61 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
117.71 |
9.45 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
11.14 |
85.11 |
7584.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.31 |
0.06 |
0.03 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.33 |
0.03 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.52 |
0.71 |
0.93 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.91 |
1.92 |
5.65 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.37 |
1.64 |
7.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.50 |
1.93 |
12.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.73 |
1.29 |
3.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
10.79 |
(3.11) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
14.92 |
(1.89) |
0.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
30.06 |
(6.59) |
1.97 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.35 |
0.95 |
0.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.36 |
0.30 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.50 |
0.29 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.78 |
1.16 |
1.12 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.35 |
0.95 |
0.23 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
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 |
320.488 |
720.488 |
720.488 |
|
Reserves & Surplus |
(257.042) |
(285.686) |
(98.833) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Net
worth |
63.446 |
434.802 |
621.655 |
|
|
|
|
|
|
Long-term borrowings |
358.338 |
371.712 |
398.206 |
|
Short term borrowings |
0.000 |
459.980 |
146.015 |
|
Current maturities of long-term
debts |
0.000 |
1.911 |
18.750 |
|
Total
borrowings |
358.338 |
833.603 |
562.971 |
|
Debt/Equity
ratio |
5.648 |
1.917 |
0.906 |
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 |
|
Total
Income |
3.738 |
933.720 |
1767.577 |
|
|
|
24,879.133 |
89.305 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
3.738 |
933.720 |
1767.577 |
|
Profit |
1.247 |
(28.644) |
186.853 |
|
|
33.36% |
(3.07%) |
10.57% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from D.No.4229, H.No:3-6-147/2/2,1st Floor, Opposite To HDFC Bank Lane, ADJ. to Vasu Medical Hall Street, Himayat Nagar, Hyderabad -500029, Telangana, India to the present address w.e.f. 01.11.2017
CORPORATE INFORMATION
Subject and is headquartered in Hyderabad. The Company is engaged in manufacture of bio diesel, allied products and refined edible oil. The Company has its manufacturing facility at Kakinada.
PERFORMANCE REVIEW:
The year 2016-17
has seen an upward trend in the performance of the Company. The Company has
witnessed a Volume growth in the performance of the Company over that in the
previous year. The Company has achieved a turnover of INR 1731.600 Million in
comparison to the previous years which was INR 920.700 Million thus resulting
in a growth of 88% over the previous year. The Board of Directors are hopeful
and confident of exploring further possibilities to enhance the performance of
the company at a steady pace. They are looking out for viable avenues to
explore the company’s business opportunities.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C72006364 |
10605875 |
SYNDICATE BANK |
22/09/2015 |
- |
- |
1075000000.0 |
170, ELDAMS ROAD,
FIRST FLOOR,TEYNAMPETCHENNAITN600018IN |
|
2 |
C64360274 |
10462893 |
KALEESUWARI
REFINERY PRIVATE LIMITED |
14/11/2013 |
16/09/2015 |
- |
358328361.0 |
OLD NO 21, NEW NO
53, RAJASEKARAN STREETMYLAPORECHENNAITN600004IN |
|
3 |
C03861325 |
10065412 |
ICICI BANK LIMITED |
18/07/2007 |
30/04/2008 |
27/03/2014 |
270000000.0 |
LEVEL IV, ICICI
BANK TOWERS1-11-256, BEGUMPETHYDERABADAP500016IN |
|
4 |
B96680681 |
10139234 |
NATIONAL BANK OF
AGRICULTURE AND RURAL DEVELOPMENT |
23/12/2008 |
19/02/2010 |
22/01/2014 |
42500000.0 |
PLOT NO C-24,
":G" BLOCK, BANDRA KURLA COMPLEXP.B NO 8121, BANDRA
(E),MUMBAIMH400051IN |
|
5 |
B96681945 |
80013443 |
NATIONAL BANK OF
AGRICULTURE AND RURAL DEVELOPMENT |
30/01/2006 |
19/02/2010 |
22/01/2014 |
200000000.0 |
PLOT NO C-24,
":G" BLOCK, BANDRA KURLA COMPLEXP.B NO 8121, BANDRA
(E),MUMBAIMH400051IN |
|
6 |
B91341719 |
80013440 |
LIFE INSURANCE
CORPORATION OF INDIA |
30/01/2006 |
19/02/2010 |
28/11/2013 |
88500000.0 |
YOGAKSHEMA", JEEVAN
BIMA MARG,,MUMBAIMH400021IN |
|
7 |
B89089825 |
10114822 |
IDBI BANK LIMITED |
08/08/2008 |
19/02/2010 |
04/10/2013 |
73500000.0 |
IDBI TOWERWTC
COMPLEXCUFFE PARADE,MUMBAIMH400005IN |
|
8 |
B93903730 |
80020719 |
CENTRAL BANK OF
INDIA |
30/01/2006 |
19/02/2010 |
04/10/2013 |
116000000.0 |
GROUND FLOOR,
PAVANI PLAZA,NEAR SHADAN COLLEGEKHIRATHABAD BRANCHHYDERABADAP500004IN |
|
9 |
B89043376 |
10077200 |
ANDHRA BANK |
19/11/2007 |
19/02/2010 |
04/10/2013 |
57300000.0 |
6-3-352/2, ASTRAL HEIGHTS,,
ROAD NO.1,BANJARA HILLSHYDERABADAP500034IN |
|
10 |
B89089106 |
80013442 |
IDBI BANK LIMITED |
30/01/2006 |
19/02/2010 |
04/10/2013 |
426500000.0 |
IDBI TOWERWTC
COMPLEXCUFFE PARADE,MUMBAIMH400005IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 records 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 65.78 |
|
|
1 |
INR 93.42 |
|
Euro |
1 |
INR 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SRY |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
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 |
NO |
|
--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.