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|
MIRA INFORM REPORT
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Report No. : |
506638 |
|
Report Date : |
30.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
NILKAMAL LIMITED |
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Registered
Office: |
Survey No. 354/2 and 354/3, Near Rakholi Bridge, Silvassa Khanvel Road,
Village Vasona, Silvassa – 396230, Dadra and Nagar Haveli [U.T.] |
|
Tel. No.: |
91-260-2699082-083 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
05.12.1985 |
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Com. Reg. No.: |
54-000162 |
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Capital
Investment / Paid-up Capital : |
INR 149.225 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
L25209DN1985PLC000162 |
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IEC No.: |
0390018376 |
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GSTIN : [Goods & Service Tax Registration No.] |
24AAACN2329N1ZG |
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TIN No : |
24075500471 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACN2329N |
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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 and Retailer Services of Plastics Products etc. (Registered activity) |
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No. of Employees
: |
3005 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
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 : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Nilkamal Limited (NKL) promoted by Mr. Vamanrai V Parekh and Mr. Sharad V Parekh in the year 1985, it is a well-established company having excellent track record. The company has sales network of 400+ techno-commercial
experts, operating through 39 Regional Offices and 41 Warehouses spread
across For the quarterly results of December 2017, the company has earned revenue of INR 5228.133 million from its operations along with fair net profit margin. As per the financial record of 2017, the company has achieved a decent growth in its revenue as compared to the previous year and has gained an average net profitability margin of 5.65%. The company possesses strong financial position marked by healthy net worth base along with low debt balance sheet profile and fair liquidity position. Rating also derives strength from well-established market position of company in moulded plastic industry and its reputed brand name “Nilkamal” in plastic material handling and furniture segment. However, the assigned rating is partially offsets by exposure of volatility of raw material prices and presence of high competition prevalent in plastics industry. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered good for normal business dealings at its usual trade terms and conditions. |
NOTES : Any query related to this
report can be made on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Loans = AA |
|
Rating Explanation |
High degree of safety and very low credit
risk |
|
Date |
06.10.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Loans = A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
06.10.2017 |
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 30.04.2018
IBBI (Insolvency and Bankruptcy Board of
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
Management Non Co-Operative : 91-22-26818888/ 28361366
Tel No : 91-992568093 (Ringing)
LOCATIONS
|
Registered Office / Vasona Factory : |
Survey No. 354/2 and 354/3, Near Rakholi Bridge, Silvassa Khanvel
Road, Village Vasona, Silvassa – 396230, Dadra and Nagar Haveli [U.T.], India
|
|
Tel. No.: |
91-260-2699082/083/ 212/ 213/ 214/ 215 |
|
Fax No.: |
91-260-2699023 |
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Email : |
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|
Website : |
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Head Office: |
Nilkamal House, Street No 14, MIDC, Andheri (East), Mumbai - 400093, |
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Tel. No.: |
91-22-26818888/28361366 |
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Corporate/ Administrative Office : |
Nilkamal House, 77/ 78, Road No. 13/14, M.I.D.C., Andheri (East),
Mumbai – 400093, |
|
Tel No.: |
91–22–28361366 / 28211172 / 28231471 / 26818888 / 26818628 |
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Fax No.: |
91–22–28367891 / 28361923 |
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Email : |
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Barjora Factory : |
Plot No. 1498/2613, WBIDC, |
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Hosur Factory: |
Part of Survey No.149, 151 to 153, 227/ 2K3 and 299/1,
Next to GNB Factory, Koneripalli Post, Nallaganakothapalli Village, Hosur
Taluk, Krishnageri-635117 District, Tamilnadu, India |
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Phase – II,
Industrial Growth Centre, Samba – 184121, |
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Hooghly Factory
: |
Dayanidhan
Compound, Godown No- 1A and 2, Delhi High Road, Dankuni, Village: Monoharpur,
J. L. No. 98, Touzi No. 17, Police Station - Chanditala, District – Hooghly -
712311, West Bengal, India |
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Kharadpada Factory : |
Survey No. 389, 391, 393, 396 and 401, Naroli – Kharadpad Road,
Village : Kharadpada, Silvassa – 396 230, Union Territory of Dadra and Nagar
Haveli, India |
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Noida Factory : |
Plot No. 26, B/C Sector No. 31, Surajpur - |
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19/3-5, 18/1 and 21/6, Pit-Olaivaikkal Village, Koodapakam Villianoor
Road, Villianoor Taluk, Pondicherry - 605 110 (U.T.), India |
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Sinnar Factory : |
STICE, Plot No. 971/1A, |
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Branch Office: |
Asarpota Chambers, 2nd Floor, C G Road Navrangpura,
Ahmedabad - 380009, Gujarat, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr.
Sharad Vrajlal
Parekh |
|
Designation : |
Managing Director |
|
Address: |
Nain Basera, Plot No. 39, Presidency Society, Road No.8, Jvpd Scheme, Vile Parle (West), Mumbai- 400049, Maharashtra, India |
|
Date of Birth/Age : |
72
Years |
|
Qualification : |
Mr. Sharad V Parekh, the co-founder
of Nilkamal Group has completed inter commerce from Mumbai University |
|
Date of Appointment : |
14.06.1990 |
|
DIN No.: |
00035747 |
|
|
|
|
Name : |
Mr. Vamanrai Vrajlal Parekh |
|
Designation : |
Director |
|
Address: |
Prabhu Prem, Plot No.21, Jai Hind Society, Road No. 12, Jvpd Scheme, Vile Parle (We St), Mumbai - 400049, Maharashtra, India |
|
Date of Appointment : |
14.06.1990 |
|
DIN No.: |
037519 |
|
|
|
|
Name : |
Mr. Krishnamurthi Venkataramanan |
|
Designation : |
Director |
|
Address: |
Varsha, Flat No.401, Janki Kutir, Juhu, Mumbai - 400049, Maharashtra, India |
|
Date of Appointment : |
05.11.2016 |
|
DIN No.: |
001647 |
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|
|
|
Name : |
Mr. Hiten Vamanrai Parekh |
|
Designation : |
Wholetime Director |
|
Address: |
Naman, 36, Jai Hind Society, Road No.11, Jvpd Scheme, Vile Parle (West), Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
54
Years |
|
Qualification : |
B.Com, Diploma in Quality
Systems and Management. |
|
Date of Appointment : |
09.12.1985 |
|
DIN No.: |
00037550 |
|
|
|
|
Name : |
Mr.
Manish V. Parekh |
|
Designation : |
President and Executive Director |
|
Date of Birth/Age : |
48
Years |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
00037724 |
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|
|
Name : |
Mr. Nayan Sharad Parekh |
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Designation : |
Wholetime Director |
|
Address: |
Nain Basera, Plot No.39, Presidency Society, Road No.8, Jvpd Scheme, Vile Parle (West), Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
44
Years |
|
Qualification : |
Bachelor’s degree in
plastic engineering from the University of Massachusetts, United States of
America. He has also undertaken a program of Owner/ President Management
(OPM) from the Harvard Business School |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
00037597 |
|
|
|
|
Name : |
Ms.
Hiroo Mirchandani |
|
Designation : |
Director |
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Address: |
Flat-D1601, Ireo Uptown, Sector 66, Golf Course Extension Road, Gurugram -122101, Haryana, India |
|
Date of Birth/Age : |
56 Years |
|
Qualification : |
Commerce and an MBA in
Marketing and Finance |
|
Date of Appointment : |
06.11.2014 |
|
DIN No.: |
06992518 |
|
|
|
|
Name : |
Mr. Ramamoorthy Rajagopalan Kuttalam |
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Designation : |
Director |
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Address: |
No. 519, 8th Cross Road, 3rd Phase, J P Nagar, Bangalore - 560078, Karnataka, India |
|
Date of Appointment : |
31.10.2003 |
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DIN No.: |
058467 |
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Name : |
Mr. Mahendra Vasantrai Doshi |
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Designation : |
Director |
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Address: |
Seaglimpse,Flat No 11 6th Floor, Worli, Mumbai - 400018, Maharashtra, India |
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Date of Appointment : |
03.12.1990 |
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DIN No.: |
00123243 |
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|
Name : |
Mr. Sarvadaman Krishnarao Palekar |
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Designation : |
Director |
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Address: |
Balakrishna 1st Floor, 16/64 Yeshwant Nagar, Goregaon (West), Mumbai - 400062, Maharashtra, India |
|
Date of Appointment : |
17.04.2012 |
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DIN No.: |
01723670 |
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|
Name : |
Mr. Mufazzal Federal |
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Designation : |
Director |
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Address: |
182, 18th Floor. Kalpataru Heights, Dr, A.L. Nair Road, Near Agripada Police St. Mumbai Central, Mumbai - 400011, Maharashtra, India |
|
Date of Appointment : |
25.01.2011 |
|
DIN No.: |
03409798 |
KEY EXECUTIVES
|
Name : |
Mrs. Priti Punit Dave |
|
Designation : |
Company Secretary |
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Address: |
202, Surbhi, S. V. Patel Road, Near Chamunda Circle, Borivli, Mumbai - 400092, Maharashtra, India |
|
Date of Appointment : |
22.11.2007 |
|
PAN No.: |
ANCPP9956D |
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|
|
|
Name : |
Mr. Paresh Bhogilal Mehta |
|
Designation : |
Chief Financial Officer |
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Address: |
B-501, Green Hedges, Royal Complex, Eksar Road, Borivali West, Mumbai -400092, Maharashtra, India |
|
Date of Appointment : |
03.08.2015 |
|
PAN No.: |
AABPM9668H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2018
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Promoter & Promoter Group |
9563259 |
64.09 |
|
Public |
5359266 |
35.91 |
|
Grand Total |
14922525 |
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 |
|
|
A1) Indian |
|
0.00 |
|
|
Individuals/Hindu undivided Family |
7186759 |
48.16 |
|
|
Vamanrai V Parekh |
1033558 |
6.93 |
|
|
Sharad V Parekh |
577204 |
3.87 |
|
|
Hiten V Parekh |
1474105 |
9.88 |
|
|
Nayan S Parekh |
1750277 |
11.73 |
|
|
Manish V Parekh |
1071658 |
7.18 |
|
|
Purvi N Parekh |
435124 |
2.92 |
|
|
Manju M Parekh |
392796 |
2.63 |
|
|
Rajul Manoj Gandhi |
15303 |
0.10 |
|
|
Dhanay Nayan Parekh |
131900 |
0.88 |
|
|
Eashan Manish Parekh |
131900 |
0.88 |
|
|
Mihir Hiten Parekh |
131900 |
0.88 |
|
|
Sharad V Parekh (Huf) |
7223 |
0.05 |
|
|
Smriti Hiten Parekh |
7101 |
0.05 |
|
|
Manoj Kantilal Gandhi |
2210 |
0.01 |
|
|
Dhaniti Nayan Parekh |
5000 |
0.03 |
|
|
Hiten V Parekh (HUF) |
5000 |
0.03 |
|
|
Natasha Manish Parekh |
5000 |
0.03 |
|
|
Priyanka Hiten Parekh |
5000 |
0.03 |
|
|
Manish V Parekh (Huf) |
4500 |
0.03 |
|
|
Any Other (specify) |
2376500 |
15.93 |
|
|
Nilkamal Builders Private Limited |
1464000 |
9.81 |
|
|
Heirloom Finance Private Limited |
912000 |
6.11 |
|
|
Shrimant Holding Private Limited |
500 |
0.00 |
|
|
Sub Total A1 |
9563259 |
64.09 |
|
|
A2) Foreign |
|
0.00 |
|
|
A=A1+A2 |
9563259 |
64.09 |
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 |
|
|
B1) Institutions |
|
0.00 |
|
|
Mutual Funds/ |
1656656 |
11.10 |
|
|
Dsp Blackrock Small Cap Fund |
572130 |
3.83 |
|
|
Hdfc Small Cap Fund |
420600 |
2.82 |
|
|
Mirae Asset Emerging Bluechip Fund |
347612 |
2.33 |
|
|
Tata Mutual Fund- Tata Equity P/E Fund |
208300 |
1.40 |
|
|
Foreign Portfolio Investors |
514612 |
3.45 |
|
|
Financial Institutions/ Banks |
6645 |
0.04 |
|
|
Sub Total B1 |
2177913 |
14.59 |
|
|
B2) Central Government/ State Government(s)/ President of India |
|
0.00 |
|
|
B3) Non-Institutions |
|
0.00 |
|
|
Individual share capital upto INR 0.200 Million |
1961146 |
13.14 |
|
|
Individual share capital in excess of INR 0.200 Million |
507747 |
3.40 |
|
|
Dolly Khanna |
228900 |
1.53 |
|
|
Any Other (specify) |
712460 |
4.77 |
|
|
Trusts |
20 |
0.00 |
|
|
HUF |
75520 |
0.51 |
|
|
Non-Resident Indian (NRI) |
125317 |
0.84 |
|
|
Clearing Members |
38383 |
0.26 |
|
|
Market Maker |
904 |
0.01 |
|
|
Bodies Corporate |
440203 |
2.95 |
|
|
IEPF |
32113 |
0.22 |
|
|
Sub Total B3 |
3181353 |
21.32 |
|
|
B=B1+B2+B3 |
5359266 |
35.91 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Retailer Services of Plastics Products etc. (Registered activity) |
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Products / Services
: |
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Brand Names : |
“NILKAMAL” |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
3005 (Approximately) |
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Bankers : |
·
State Bank of India Corporation Bank IDBI Bank Limited DBS Bank Limited |
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Facilities : |
Note :
|
|
Auditors 1 : |
|
|
Name : |
BSR and Company LLP Chartered Accountants |
|
Address : |
Lodha Excelus, 5th Floor, Apollo Mills Compound, N. M.
Joshi Marg, Mahalakshmi, Mumbai-400011, Maharashtra, India |
|
|
|
|
Auditors 2 : |
|
|
Name : |
Vora and Associates Chartered Accountants |
|
Address : |
101-103, Rewa Chambers 31 New Marine Lines, Mumbai-400020,
Maharashtra, India |
|
|
|
|
Memberships : |
Not Available |
|
|
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Collaborators : |
Not Available |
|
|
|
|
Subsidiaries where
control exists : |
· Nilkamal Eswaran Plastics Private Limited Nilkamal Eswaran Marketing Private Limited Nilkamal Crates and Bins, FZE |
|
|
|
|
Joint Venture : |
· Nilkamal Bito Storage Systems Private Limited Cambro Nilkamal Private Limited |
|
|
|
|
Enterprise owned or
significantly influenced by key Management Personnel or their relatives,
where transactions have taken place : |
· Nilkamal Crates and Containers M. Tech Industries |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
INR 10/- each |
INR 220.000 Million |
|
3000000 |
Preference Shares |
INR 10/- each |
INR 30.000 Million |
|
|
Total |
|
INR 250.000 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14922525 |
Equity Shares |
INR 10/- each |
INR 149.225
Million |
|
|
|
|
|
a)
Rights,
preferences and restrictions attached to Equity Shares:
The Company has only one class of equity shares having a par value of INR 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
Particulars of
Shareholders holding 5% or more shares
|
Name
of Shareholders |
As at 31 March 2017 |
|
|
|
No. of Shares held |
% of holding |
|
Vamanrai V. Parekh |
1033558 |
6.93 |
|
Nilkamal Builders Private Limited |
1464000 |
9.81 |
|
Sharad V. Parekh |
577204 |
3.86 |
|
Hiten V. Parekh |
1594105 |
10.68 |
|
Nayan S. Parekh |
1900277 |
12.73 |
|
Heirloom Finance Private Limited |
912000 |
6.11 |
|
Manish V. Parekh |
1191658 |
7.99 |
Reconciliation of
Shares at beginning and at year end:
|
Particulars |
Equity Shares |
|
|
|
No. of Shares |
INR in Million |
|
Shares outstanding at the beginning of the year |
14922525 |
149.225 |
|
Share issued during the year |
-- |
-- |
|
Share bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
14922525 |
149.225 |
FINANCIAL DATA
[all figures are
in 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 |
149.225 |
149.225 |
149.225 |
|
(b) Reserves & Surplus |
6822.105 |
5702.810 |
4775.125 |
|
(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 |
6971.330 |
5852.035 |
4924.350 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
87.921 |
439.416 |
|
(b) Deferred tax liabilities (Net) |
52.162 |
96.985 |
157.780 |
|
(c)
Other long term liabilities |
490.057 |
400.674 |
370.744 |
|
(d)
long-term provisions |
57.157 |
49.961 |
69.602 |
|
Total
Non-current Liabilities |
599.376 |
635.541 |
1037.542 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
828.056 |
744.472 |
1252.390 |
|
(b)
Trade payables |
1092.863 |
1074.176 |
926.428 |
|
(c)
Other current liabilities |
627.102 |
867.229 |
808.205 |
|
(d)
Short-term provisions |
209.917 |
202.659 |
229.054 |
|
Total
Current Liabilities |
2757.938 |
2888.536 |
3216.077 |
|
|
|
|
|
|
TOTAL |
10328.644 |
9376.112 |
9177.969 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2562.353 |
2600.126 |
2816.628 |
|
(ii)
Intangible Assets |
1.892 |
9.136 |
20.130 |
|
(iii)
Capital work-in-progress |
319.859 |
45.137 |
13.616 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
256.760 |
256.159 |
255.629 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
256.937 |
233.370 |
521.668 |
|
(e)
Other Non-current assets |
243.130 |
272.569 |
10.711 |
|
Total
Non-Current Assets |
3640.931 |
3416.497 |
3638.382 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3262.733 |
2939.966 |
2766.690 |
|
(c)
Trade receivables |
2900.224 |
2575.883 |
2288.690 |
|
(d)
Cash and cash equivalents |
60.426 |
95.188 |
82.026 |
|
(e)
Short-term loans and advances |
62.943 |
56.491 |
359.760 |
|
(f)
Other current assets |
401.387 |
292.087 |
42.421 |
|
Total
Current Assets |
6687.713 |
5959.615 |
5539.587 |
|
|
|
|
|
|
TOTAL |
10328.644 |
9376.112 |
9177.969 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
20948.471 |
19910.895 |
17866.592 |
|
|
Other Income |
120.122 |
94.586 |
62.496 |
|
|
TOTAL
|
21068.593 |
20005.481 |
17929.088 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
6850.13 |
6515.685 |
6903.314 |
|
|
Purchases of Stock-in-Trade |
4710.924 |
4374.47 |
4302.816 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(295.035) |
(145.356) |
149.862 |
|
|
Employees benefits expense |
1456.546 |
1350.194 |
1129.351 |
|
|
Other expenses |
4670.814 |
4317.001 |
4005.612 |
|
|
Excise duty |
1381.996 |
1334.948 |
0.000 |
|
|
TOTAL |
18775.375 |
17746.942 |
16490.955 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2293.218 |
2258.539 |
1438.133 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
115.88 |
181.306 |
295.419 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2177.338 |
2077.233 |
1142.714 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
488.17 |
530.625 |
537.567 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1689.168 |
1546.608 |
605.147 |
|
|
|
|
|
|
|
Less |
TAX |
504.628 |
498.766 |
180.536 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1184.540 |
1047.842 |
424.611 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
79.38 |
70.22 |
28.45 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
Rupee
Loans |
0.000 |
0.000 |
158.444 |
|
Foreign
Currency Loans |
0.000 |
217.643 |
220.030 |
|
Total |
0.000 |
217.643 |
378.474 |
|
|
|
|
|
|
Cash Generated from Operations |
1585.313 |
2130.683 |
268.538 |
|
Net Cash inflow from Operating Activities |
1031.445 |
1666.324 |
1520.221 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Operating Income * 365 Days) |
50.53 |
47.22 |
46.76 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income / Sundry Debtors) |
7.22 |
7.73 |
7.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
34.50 |
36.00 |
30.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.70 |
0.77 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.80 |
0.85 |
0.50 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.27 |
0.34 |
0.42 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.12 |
0.18 |
0.38 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.40 |
0.49 |
0.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.41 |
0.45 |
0.58 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
19.79 |
12.46 |
4.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.65 |
5.26 |
2.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.47 |
11.18 |
4.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.99 |
17.91 |
8.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.42 |
2.06 |
1.72 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.24 |
1.05 |
0.86 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.67 |
0.62 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.55 |
7.04 |
12.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.42 |
2.06 |
1.72 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
|
|
|
Market Value |
INR 1698.95/- |
FINANCIAL ANALYSIS
[all figures are
in 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 |
149.225 |
149.225 |
149.225 |
|
Reserves & Surplus |
4775.125 |
5702.810 |
6822.105 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4924.350 |
5852.035 |
6971.330 |
|
|
|
|
|
|
long-term borrowings |
439.416 |
87.921 |
0.000 |
|
Short term borrowings |
1252.390 |
744.472 |
828.056 |
|
Current Maturities of Long
term debt |
158.444 |
217.643 |
0.000 |
|
Total
borrowings |
1850.250 |
1050.036 |
828.056 |
|
Debt/Equity
ratio |
0.376 |
0.179 |
0.119 |
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 |
17866.592 |
19910.895 |
20948.471 |
|
|
|
11.442 |
5.211 |
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 |
17866.592 |
19910.895 |
20948.471 |
|
Profit |
424.611 |
1047.842 |
1184.540 |
|
|
2.38% |
5.26% |
5.65% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
149.225 |
149.225 |
|
(b) Reserves & Surplus |
|
7270.033 |
6125.928 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds |
|
7419.258 |
6275.153 |
|
|
|
|
|
|
Non-Controlling interest |
|
72.307 |
0.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.904 |
87.921 |
|
(b) Deferred tax liabilities (Net) |
|
65.086 |
103.312 |
|
(c)
Other long term liabilities |
|
490.828 |
400.674 |
|
(d)
long-term provisions |
|
73.093 |
66.132 |
|
Total
Non-current Liabilities |
|
629.911 |
658.039 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
828.056 |
744.472 |
|
(b)
Trade payables |
|
1114.076 |
1119.085 |
|
(c)
Other current liabilities |
|
657.786 |
905.836 |
|
(d)
Short-term provisions |
|
209.917 |
202.656 |
|
Total
Current Liabilities |
|
2809.835 |
2972.049 |
|
|
|
|
|
|
TOTAL |
|
10931.311 |
9977.331 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
2701.658 |
2716.077 |
|
(ii)
Intangible Assets |
|
5.727 |
11.596 |
|
(iii)
Capital work-in-progress |
|
319.859 |
45.137 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
384.135 |
3.232 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
256.937 |
233.370 |
|
(e)
Other Non-current assets |
|
243.465 |
615.520 |
|
Total
Non-Current Assets |
|
3911.781 |
3624.932 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
3360.469 |
3046.049 |
|
(c)
Trade receivables |
|
3009.579 |
2690.855 |
|
(d)
Cash and cash equivalents |
|
141.052 |
158.866 |
|
(e)
Short-term loans and advances |
|
94.524 |
56.491 |
|
(f)
Other current assets |
|
413.906 |
400.138 |
|
Total
Current Assets |
|
7019.530 |
6352.399 |
|
|
|
|
|
|
TOTAL |
|
10931.311 |
9977.331 |
PROFIT & LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
21621.613 |
20599.525 |
|
|
Other Income |
|
33.119 |
32.577 |
|
|
TOTAL |
|
21654.732 |
20632.102 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
7076.983 |
6747.524 |
|
|
Purchases of Stock-in-Trade |
|
4808.937 |
4503.162 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(290.514) |
(144.883) |
|
|
Employees benefits
expense |
|
1545.680 |
1433.533 |
|
|
Other expenses |
|
4781.669 |
4425.320 |
|
|
Excise duty |
|
1381.995 |
1334.948 |
|
|
Share of profit |
|
(51.943) |
(74.484) |
|
|
TOTAL |
|
19252.807 |
18225.120 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
2401.925 |
2406.982 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
116.724 |
181.545 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
2285.201 |
2225.437 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
505.440 |
550.139 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
1779.761 |
1675.298 |
|
|
|
|
|
|
|
Less |
TAX |
|
536.305 |
515.646 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
1243.456 |
1159.652 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
82.11 |
76.44 |
LEGAL CASE
District and Sessions Court, DNH, Silvassa
Case Details
Case
Type: S.C.S. - Special Civil Suit
Filing Number: 43/2010Filing Date: 21-10-2010
Registration Number: 43/2010Registration Date: 21-10-2010
CNR Number: UTDN01-000041-2010
Case Status
First
Hearing Date: 21st March 2011
Next Hearing Date: 03rd June 2017
Stage of Case: EVIDENCE
Court Number and Judge: 2-Civil Judge SD and Chief Judicial Magistrate
Petitioner and Advocate
1) Rukshmani Syntext
Pvt. Ltd
Address - Naroli, UT of DNH
Advocate- Shri J. G. Desai
Respondent and Advocate
1) Nilkamal Bito
Storage Systems Pvt. Ltd and one
Address - Mumbai
Advocate - Shri. N. J. Shah
2) NILKAMAL LIMITED
NILKAMAL HOUSE STREET NO 14 MIDC ANDHERI EAST MUMB
Advocate-Shri. N. J. Shah
|
History of Case Hearing |
|
Registration Number |
Judge |
Business On Date |
Hearing Date |
Purpose of hearing |
|
43/2010 |
|
21-03-2011 |
18-06-2011 |
COUNTER WRITTEN STATEMENT |
|
43/2010 |
|
18-06-2011 |
18-08-2011 |
ISSUES |
|
43/2010 |
|
18-08-2011 |
12-09-2011 |
ISSUES |
|
43/2010 |
|
12-09-2011 |
15-10-2011 |
ISSUES |
|
43/2010 |
|
15-10-2011 |
21-11-2011 |
SAY |
|
43/2010 |
|
21-11-2011 |
12-12-2011 |
HEARING |
|
43/2010 |
|
12-12-2011 |
21-01-2012 |
HEARING |
|
43/2010 |
|
21-01-2012 |
18-02-2012 |
HEARING |
|
43/2010 |
|
18-02-2012 |
07-06-2012 |
ISSUES |
|
43/2010 |
|
07-06-2012 |
04-08-2012 |
ISSUES |
|
43/2010 |
|
04-08-2012 |
13-09-2012 |
ISSUES |
|
43/2010 |
|
13-09-2012 |
22-10-2012 |
ISSUES |
|
43/2010 |
|
22-10-2012 |
22-11-2012 |
ISSUES |
|
43/2010 |
|
22-11-2012 |
05-01-2013 |
ISSUES |
|
43/2010 |
|
05-01-2013 |
07-02-2013 |
ISSUES |
|
43/2010 |
|
07-02-2013 |
07-03-2013 |
ISSUES |
|
43/2010 |
|
07-03-2013 |
29-04-2013 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
29-04-2013 |
29-06-2013 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
29-06-2013 |
03-08-2013 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
03-08-2013 |
31-08-2013 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
31-08-2013 |
21-09-2013 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
21-09-2013 |
19-10-2013 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
19-10-2013 |
30-11-2013 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
30-11-2013 |
04-01-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
04-01-2014 |
29-03-2014 |
HEARING |
|
43/2010 |
|
23-01-2014 |
|
Disposed |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
13-02-2014 |
|
Revoked |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
29-03-2014 |
28-04-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
28-04-2014 |
21-06-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
21-06-2014 |
19-07-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
19-07-2014 |
31-07-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
31-07-2014 |
30-08-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
30-08-2014 |
20-09-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
20-09-2014 |
01-11-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
01-11-2014 |
20-12-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
20-12-2014 |
22-12-2014 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
22-12-2014 |
07-02-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
07-02-2015 |
26-02-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
26-02-2015 |
19-03-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
19-03-2015 |
26-03-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
26-03-2015 |
06-04-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
06-04-2015 |
09-04-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
09-04-2015 |
16-04-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
16-04-2015 |
20-04-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
20-04-2015 |
27-04-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
27-04-2015 |
08-06-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
08-06-2015 |
18-06-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
18-06-2015 |
10-07-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
10-07-2015 |
23-07-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
23-07-2015 |
31-07-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
31-07-2015 |
06-08-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
06-08-2015 |
20-08-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
20-08-2015 |
21-08-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
21-08-2015 |
24-08-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
24-08-2015 |
27-08-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
27-08-2015 |
28-08-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
28-08-2015 |
14-09-2015 |
HEARING |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
14-09-2015 |
17-10-2015 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
17-10-2015 |
26-11-2015 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
26-11-2015 |
16-01-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
16-01-2016 |
05-03-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
05-03-2016 |
16-04-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
16-04-2016 |
30-04-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
30-04-2016 |
18-06-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
18-06-2016 |
18-07-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
18-07-2016 |
30-07-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
30-07-2016 |
20-08-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
20-08-2016 |
24-10-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
24-10-2016 |
14-11-2016 |
ISSUES |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
14-11-2016 |
21-01-2017 |
EVIDENCE |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
21-01-2017 |
04-02-2017 |
EVIDENCE |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
09-03-2017 |
EVIDENCE |
|
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
09-03-2017 |
30-03-2017 |
EVIDENCE |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
30-03-2017 |
27-04-2017 |
EVIDENCE |
|
43/2010 |
Civil Judge SD and Chief Judicial Magistrate |
27-04-2017 |
03-06-2017 |
EVIDENCE |
Case Transfer Details Between The Courts
|
Regn. Number |
Transfer Date |
From Court Number |
To Court
Number |
|
43/2010 |
07-05-2012 |
2 - |
3 - Civil Judge Sr Division |
|
43/2010 |
01-12-2012 |
3 - Civil Judge Sr Division |
2 - |
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 |
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 |
AWARDS AND RECOGNITIONS
The Company’s Puducherry unit has been awarded the “Energy Efficient Plant” from The Confederation of Indian Industry (CII) during the 17th National Award for Excellence in Energy Management 2016. The said award is in recognition of the energy efficient practices adopted by the Company. Also, all the units of the Company have been re-certified for ISO 50001 EnMS certification from TUV-SUD Germany.
Further, continuing the Company’s record of adopting the right practices for optimising the use of resources and
energy conservation, this year too your Company has bagged the First prize at the National Energy Conservation
Award for Plastics Sector 2016 from BEE-Government of India for its Sinnar unit. This is the third consecutive year where the said award has been conferred to the Company.
The Company has also received the “BIFMA Compliance Certification” and The Greenguard certificate of compliance from the UK Certification and Inspection Limited for its Home, Office, Educational and Modular Furniture and Mattress range of products. These certifications are an assurance of meeting the standards of sustainability by the Company during its manufacturing process.
MANAGEMENT
DISCUSSION AND ANALYSIS
INDUSTRY STRUCTURE
AND DEVELOPMENT OPPORTUNITIES, THREATS, RISKS, CONCERNS AND OUTLOOK:-
The implementation of the GST, follow-up to demonitisation and other
structural reforms are expected to take
the economy towards its potential real GDP growth of 6.75% to 7% in
2017-18 as compared to an estimated
growth rate of 6.5% in 2016-17.
Plastic Division
The Plastic Business has achieved a volume growth of 8% and value growth of 6%. During the financial year
2016-17 it has achieved total turnover of INR 18733.500 Million as compared to INR 17643.200 Million in the previous year.
The Moulded Furniture Business recorded a growth of 5% in value & volume terms in the highly competitive
moulded chair segment. This was inspite of disruptions due to demonetisation between the period Nov’16- Jan’17. In this business vertical the Company enjoys an undisputed market leadership & a market share of more
than double its closest competitor.
In the year gone by the Company has invested in a range of differentiated products to fill in the product gap, bring
freshness in product offerings and to stay ahead of the curve in a highly competitive market. The Company introduced 9 new models in Moulded Furniture segment during 2016-17 mainly in the Premium range, the objective being to provide innovative designs which will not only enhance the offerings to our channel partners but also improve the bottom line of channel partner & Company. We have also planned an additional investment of 10 new products in the Monoblock and value added segments like plastic storage/non monoblock category in 2017-18 to stay ahead of the curve and improve the market share. The implementation of GST would definitely help the growth of the organized sector as we envisage a reduction of the unorganized sector sales due to stringent statute compliance.
The Ready furniture vertical now offers a range of 450 products with a combination of metal chairs/selected office
chairs manufactured in our Hosur plant and traded products across all segments of Home & Office Furniture Segments Like Bedroom, Living, Desking and Storage, Dinning, etc. The overall market size of Furniture Industry is approximately INR 75,0000.000 Million annually of which 85% is catered by the unorganized sector mainly carpentered products and there is an accelerated shift towards organized Ready Furniture sector due to better aesthetics /design/quality/scalability in manufacturing/paucity of labour & time as regards the end consumer. The vast range offered by Nilkamal in this segment and pan India distribution presence will help this division to consistently overshoot the industry growth rate and keep the growth trajectory sustainable in a northward direction. In the financial year 2016-17 this vertical witnessed a growth of over 30% in the distributor/dealer network and we were also successful in launching 25-30 products across all segments. The division has registered a CAGR of 40% in the last 3 years in the distribution network and the growth has been fairly consistent both in institutional and office segment.
Lifestyle
Furniture, Furnishing and Accessories Division:
At @home, we choose to work in a sensitive and responsible manner to
create a partnership with our customers by enhancing their dream homes and enriching
their lives. Our customer-centric efforts are the reason why our products and
services are superior in quality and innovation.
Today, @home has 17 large format stores, one Go-to-Market (GTM) store
and 8 shop-in-shop stores (Shoppers Stop), spread across 14 cities, covering a
retail space of over 2.87 lakh sq. ft. and continues to be a trusted brand
among the consumers.
During the financial year 2016-17, @home’s year-on-year growth was at 5%
(same store sales) with exceptional
growth in channels like 1) Shop-in-shop 2) E-commerce and 3) Customized
furniture. In this year @home achieved INR 2338.400 Million of revenue compared
to previous year INR 2361.200 Million. The negative difference is due to
trimming Standardization of assortment, pricing & planogram related to
household category and implementation of Auto Replenishment System (ARS) &
supply chain management has helped us improve our retail sales.
We have successfully forayed into customised kitchens, wall units and
wardrobes.By regularly conducting customer satisfaction surveys and mystery
checks we have our finger on the pulse of our customers. Also, by ensuring
transparency and timely resolution of any negative feed-back, we have improved
upon our customer’s shopping experience.down of non-profitable stores.
Concerns:
•
Growing competition in the organized
sector.
•
Sluggish trend in the real estate purchases.
The 10 years long journey for @home was challenging from the point of
establishing product quality, price point,
brand & continuous investment by way of new store openings. Store
closure is also common depending on the
store’s performance. So far @home has closed as many as 10 stores since
inception. All these years the Company
has funded the losses of @home. To tackle these challenges, management
is in process of evaluating various avenues in order to create value through
such structural changes for all it’s stakeholders. Our focus for FY
17-18 is to improve sales per sq. ft. and ensure conversions by bridging the
inventory gap using digital mediums and various loyalty programs. In addition,
we foresee that the implementation of GST will help improve the business of
organized retail.
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G44580355 |
10012972 |
STATE BANK OF INDIA |
30/06/2006 |
05/05/2017 |
- |
4182900000.0 |
COMMERCIAL BRANCH, N.G.N. VAIDYA MARG, MUMBAI- 400001, MAHARASHTRA, INDIA |
|
2 |
G44573202 |
90098636 |
STATE BANK OF INDIA |
22/07/1997 |
05/05/2017 |
- |
4182900000.0 |
COMMERCIAL BRANCH, N.G.N. VAIDYA MARG, MUMBAI- 400001, MAHARASHTRA, INDIA |
|
3 |
G44571172 |
10444353 |
DBS BANK LTD |
30/07/2013 |
- |
05/05/2017 |
282800000.0 |
DLF CAPITOL POINT, GROUND AND FIRST FLOOR, BABA KHARAK SINGH MARG, CONNAUGHT PLACE, NEW DELHIDL110001IN |
|
4 |
C51438794 |
10443457 |
STATE BANK OF INDIA |
30/07/2013 |
- |
24/04/2015 |
80000000.0 |
N. G. N. VAIDYA MARG, HORNIMAN CIRCLE, FORT, MUMBAIMH400001IN |
|
5 |
A40804593 |
10069725 |
DBS BANK LTD |
27/08/2007 |
- |
04/07/2008 |
90000000.0 |
3RD FLOOR, FORT HOUSE,221, DR. D.N ROAD, FORTMUMBAIMH400001IN |
|
6 |
A40751273 |
90226432 |
CORPROATION BANK |
05/06/2003 |
28/03/2007 |
04/07/2008 |
60000000.0 |
IFB BRANCH,BHARAT HOUSE, B.S.MARG, FORT,MUMBAIMH400001IN |
|
7 |
A40750408 |
10046479 |
CORPORATION BANK |
30/09/2006 |
07/08/2007 |
04/07/2008 |
530000000.0 |
INDUSTRIAL FINANCE BRANCH, BHARAT HOUSE NO.104,GROUND FLOOR, BOMBAY SAMACHAR MARG, FORT, MUMBAI-400023IN |
|
8 |
A40738569 |
10012528 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
01/07/2006 |
02/02/2007 |
03/07/2008 |
75000000.0 |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAIMH400005IN |
|
9 |
A02966166 |
80008358 |
STATE BANK OF INDIA |
26/02/1997 |
- |
08/08/2006 |
501000000.0 |
COMMERCIAL BRANCH, N.G.N. VAIDYA MARG, MUMBAI- 400001, MAHARASHTRA, INDIA |
|
10 |
A02967099 |
80008368 |
STATE BANK OF INDIA |
27/01/1998 |
22/05/2001 |
08/08/2006 |
180000000.0 |
COMMERCIAL BRANCH, N.G.N. VAIDYA MARG, MUMBAI- 400001, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Excise and Service Tax matters |
50.469 |
20.326 |
|
Sales Tax matters * |
262.406 |
191.838 |
|
Income Tax matters |
0.339 |
0.416 |
|
On account of Cross Subsidy Surcharge on electricity |
0.938 |
0.938 |
|
Note: * Includes INR 97.261 million (Previous Year INR 97.261 million) paid in full against the disputed Sales Tax liability under the Kerala General Sales Tax Act, 1963. The matter is pending for hearing in the Honorable |
||
STANDALONE
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED AND NINE MONTHS ENDED ON
31.12.2017
|
Particulars |
Quarter
ended |
Quarter
ended |
Nine
Month ended |
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
INCOME FROM OPERATIONS |
|
|
|
|
Net Sales |
5228.133 |
4646.927 |
15118.938 |
|
Other Income |
3.644 |
9.916 |
56.196 |
|
Total Revenue |
5231.777 |
4656.843 |
15175.134 |
|
|
|
|
|
|
EXPENSES |
|
|
|
|
Cost of materials consumed |
1985.979 |
1443.224 |
5151.219 |
|
Purchase of Stock in Trade |
1007.349 |
1211.784 |
3285.079 |
|
Changes in inventories of finished goods and work-in-progress
|
(146.209) |
(110.577) |
(250.899) |
|
Excise Duty |
- |
- |
367.937 |
|
Employee benefits expense |
413.052 |
404.548 |
1219.248 |
|
Finance Costs |
37.219 |
27.559 |
90.701 |
|
Depreciation and Amortization expenses |
124.716 |
130.005 |
372.367 |
|
Other Expenditure |
1305.843 |
1125.024 |
3677.919 |
|
Total Expenses |
4727.949 |
4231.567 |
13913.571 |
|
|
|
|
|
|
Profit before exceptional items and tax |
503.828 |
425.276 |
126.563 |
|
Exceptional Items |
-- |
-- |
-- |
|
Profit before tax |
503.828 |
425.276 |
126.563 |
|
Tax Expenses |
172.982 |
147.012 |
428.732 |
|
Profit/(Loss) for the period |
330.846 |
278.264 |
832.831 |
|
Other comprehensive income |
|
|
|
|
Items that will not reclassified to profit or loss |
0.048 |
0.048 |
0.288 |
|
Items that will reclassified to profit or loss |
0.494 |
(0.575) |
2.521 |
|
Total comprehensive income |
331.388 |
277.737 |
835.640 |
|
|
|
|
|
|
Paid-up equity share capital, Equity shares of INR 10/- each |
149.225 |
149.225 |
149.225 |
|
Earning Per Share |
|
|
|
|
Basic |
22.17 |
18.65 |
55.81 |
|
Diluted |
22.17 |
18.65 |
55.81 |
SEGMENT WISE
REVENUE, RESULTS AND SEGMENT ASSETS AND SEGMENT LIABILITIES FOR THE QUARTER
ENDED AND NINE MONTHS ENDED ON 31.12.2017
|
Particulars
|
Quarter ended |
Quarter ended |
Nine Month ended |
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
1.
Segment Revenue |
|
|
|
|
Plastics |
4701.276 |
4190.780 |
13622.440 |
|
Lifestyle Furniture, Furnishings & Accessories |
561.066 |
529.559 |
1650.943 |
|
Total
segment revenue |
5262.342 |
4720.339 |
15273.383 |
|
Less:
Inter – segment revenue |
34.209 |
73.412 |
154.445 |
|
Total
income from operations (net sales) |
5228.133 |
4646.927 |
1518.938 |
|
|
|
|
|
|
2.
Segment Results |
|
|
|
|
Plastics |
529.002 |
463.346 |
1317.901 |
|
Lifestyle Furniture, Furnishings & Accessories |
30.188 |
9.365 |
48.787 |
|
Total
segment results |
559.190 |
472.711 |
1366.688 |
|
Less:
Interest |
37.219 |
27.559 |
90.701 |
|
Other un-allocable expenditure net off un-allocable income |
18.143 |
19.876 |
14.424 |
|
Total
Profit Before Tax |
503.828 |
425.276 |
1261.563 |
|
Segment Asset |
|
|
|
|
Plastics |
9996.909 |
9724.491 |
9996.909 |
|
Lifestyle Furniture, Furnishings & Accessories |
1061.774 |
1147.550 |
1061.774 |
|
Unallocable |
342.763 |
358.723 |
342.763 |
|
Total
|
|
|
|
|
|
|
|
|
|
Segment Liability |
|
|
|
|
Plastics |
1917.954 |
1958.034 |
1917.954 |
|
Lifestyle Furniture, Furnishings & Accessories |
411.238 |
464.311 |
411.238 |
|
Unallocable |
1446.439 |
1449.275 |
1446.439 |
|
Total
|
|
|
|
|
|
|
|
|
|
Capital Employed |
|
|
|
|
Plastics |
8078.965 |
7766.457 |
8078.958 |
|
Lifestyle Furniture, Furnishings & Accessories |
650.536 |
683.239 |
650.536 |
|
Unallocable |
(1103.676) |
(1090.552) |
(1103676) |
Notes:
- The above results have been prepared in accordance with Indian Accounting Standards ('Ind AS') notified under section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015.
2. The above results have been reviewed by the Audit Committee and approved by
the Board of Directors at their meeting held on 25th January, 2018, The
statutory auditors have expressed an unqualified opinion. The limited review
audit report has been filed with stock exchange and is available on the
company's website.
3. According to the requirement of Ind AS and SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, revenue for the corresponding
previous quarters ended 31 December, 2016, for the nine months ended 30
December, 2016 and year ended 31 March, 2017 were and are reported inclusive of
Excise Duty,
The Government of India has implemented Goods and Service Tax ('GST') from 1
July, 2017 replacing Excise duty, Service Tax and various other indirect taxes.
As per Ind AS 18, the revenue for the quarter ended 31 December 2017 and 30
September, 2017 is reported net of GST. Had the previously reported revenues
were shown net of excise duty, comparative revenue of the Company would have
been as follows:
|
Particulars
|
Quarter ended |
Quarter ended |
Nine Month ended |
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
Net
Revenue |
5228.133 |
4646.927 |
14751.001 |
Previ4. Previous Period's/ Year's figures have been regrouped and reclassified, wherever necessary,
FIXED ASSETS:
·
Land Freehold Land
·
Leasehold Land
·
Buildings
·
Plant and Equipment’s
·
Furniture, Fixtures
·
Office Equipment’s
·
Vehicles
·
Lease Equipment’s
·
Leasehold Improvement
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 65.22 |
|
UK Pound |
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
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.