MIRA INFORM REPORT

 

 

Report No. :

488855

Report Date :

02.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

INDOFIL INDUSTRIES LIMITED (w.e.f.05.10.2010)

 

 

Formerly Known As :

INDOFIL ORGANIC INDUSTRIES LIMITED

 

 

Registered Office :

Kalpataru Square, 4th Floor, Off Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra

Tel. No.:

91-22-66637373/ 66637555

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

09.02.1993

 

 

Com. Reg. No.:

11-070713

 

 

Capital Investment / Paid-up Capital :

INR 213.511 Million

 

 

CIN No.:

[Company Identification No.]

U24110MH1993PLC070713

 

 

IEC No.:

0396037569

 

 

GSTIN/UIN:

27AABCI4568D1ZM

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCI4568D

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporter and Importer of Agro-Chemicals, Specialty and Performance Chemicals. (Registered Activity)

 

 

No. of Employees :

1000 (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

 

Maximum Credit Limit :

USD 21000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exists

 

 

Comments :

Subject was incorporated in the year 1993 and it is engaged in the manufacturing, exporting and importing of Agro Chemicals and Specialty  Chemicals.

 

For the financial year ended 2016, the company has achieved 10.24% growth in its revenue as compared to previous year revenue and has maintained decent profitability margin of 9.97% during the year under review.

 

The company’s sound financial profile is reflected by its adequate solvency indicators due to low debt balance sheet profile along with sound net worth base and sound liquidity position.

 

The company has decent earning per share (EPS) of INR 76.48 against the face value (FV) of INR 10.

 

Rating continue to derive strength from the experienced management and long track record of the company in the agro-chemical business, leading market position in Mancozeb - the world’s largest selling fungicide, wide distribution network and strong presence in the exports market.

 

However, rating strength is partially offset by seasonal nature of the business marked by volatility in profitability margin along with forex risk, and working capital intensive nature of operations.

 

Business is active. Payments seems to be regular.

 

In view of aforesaid, the company can be considered good for normal business dealings at usual trade terms and conditions.

 

Note: As per Registrar of Companies, the date of balance sheet i.e financials filed is shown as 31st March, 2017 but documents related to the financials for the year 2017 are not available from any sources.

 

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

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CARE

Rating

Long Term Bank Facilities = A

Rating Explanation

Adequate degree of safety and low credit risk.

Date

25.01.2018

 

 

Rating Agency Name

CARE

Rating

Short Term Bank Facilities = A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk.

Date

25.01.2018

 

 

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 31-03-2016.

 

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 30.01.2018

 

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 PARTED BY

 

Name :

Mr. Samir Modi

Designation :

Director

Contact No.:

91-22-66637373

Date :

29.01.2018

 

 

LOCATIONS

 

Registered/ Head Office :

Kalpataru Square, 4th Floor, Off Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India

Tel. No.:

91-22-66637373/ 66637555

Fax No.:

91-22-28322272/ 28322275 

E-Mail :

indofilcs-icc@modi.com

dparikh_icc@modi.com 

mktagro-icc@modi.com

Website :

http://indofilcc.com

Location :

Owned

Locality :

Residential

 

 

Factory 1:

Off Swami Vivekananda Road, Azad Nagar, Sandoz Baug P.O., Thane – 400 607, Maharashtra, India

Tel No.:

91-22-67999100

Fax No.:

91-22-25898357

 

Factory 2:

Plot No.Z8, SEZ Area, Taluka Vagra, Dahej, Bharuch – 392130, Gujarat, India

Tel. No.:

91-2641-304101

 

 

Regional Offices :

Located at:

 

·         Mohali

·         Lucknow

·         Pune

·         Kolkata

·         Patna

·         Raipur

·         Coimbatore

·         Hyderabad

·         Bangalore

 

 

Overseas Offices 1 :

3rd Floor, H. No – 54, R. No – 11, Block – F, Banani – 1213, Dhaka, Bangladesh

Tel No:

91-88 02 9871876

Fax No.:

91-88 02 9871876

Email:

indofilbangladesh-icc@modi.com

 

 

Overseas Offices 2 :

C / o GEDA BP SRL Via Filippo Turati, 6 – 20121 Milan, Italy.

Tel No:

91-39 02 66823785(R)

Fax No.:

91-39 039 322279

 

 

Overseas Offices 3 :

CAv. 10, calle 37 “bis” Los Yoses San Jose, Costa Rica.

Tel No:

91-506 – 2224 – 7800

Fax No.:

91-506 – 2234 – 7335

 

 

Overseas Offices 4 :

Room 3009, No.4 Building, Huang Yang Road No. 18, JinQiao, Pudong District, Shanghai, P.R.China.

Tel No:

91-86 2161652812

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Krishan Kumar Modi

Designation :

Managing Director

Address :

A-1, Maharani Bagh, New Delhi – 110065, India

Date of Birth/Age :

27.08.1940

Qualification :

B.Sc., Advanced Management Programme from Harvard

Date of Appointment :

01.03.2017

PAN No.:

AANPM0159M

Voter ID No.:

DKY 1289875

DIN No.:

00029407

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U92113DL1997PTC085957

MODI ENTERTAINERS NETWORKS PVT LTD

19/03/1997

-

U72200DL1973PLC110617

MODICARE LIMITED

18/03/2000

-

U67120DL1979PTC114042

INDO EURO INVESTMENT COMPANY PRIVATE LIMITED

18/03/2000

-

U24297UP1992PTC014505

AMBER CHEMICALS PRIVATE LIMITED

27/11/2004

-

U80903DL2009PTC196740

MODI STRATFORD ENTERPRISE MANAGEMENT PRIVATE LIMITED

08/12/2009

-

U24233GJ2011PTC065293

INDO BAIJIN CHEMICALS PRIVATE LIMITED

28/09/2012

-

U74140MH2001PTC132192

MARKETING AND BRAND SOLUTIONS (INDIA) PRIVATE LIMITED

04/07/2003

-

U72200DL2006PTC152685

EUROPOWER TECHNO-SYSTEMS PRIVATE LIMITED

29/08/2006

-

U74899DL1994PLC060724

MODI REACH FINANCE AND INVESTMENT (INDIA) LIMITED

27/08/1997

-

U74900DL1993PLC051770

MODICARE SALES AND SERVICES LIMITED

18/01/1993

-

U65101DL1992PTC049846

K K MODI INVESTMENT AND FINANCIAL SERVICES PRIVATE LIMITED

05/08/1992

-

L51909DL1985PLC021077

PREMIUM MERCHANTS LIMITED

27/04/2005

-

U65993DL1979PLC010060

GOOD INVESTMENTS(INDIA)LTD.

10/08/2007

-

U15429UP1932PLC000469

MODI INDUSTRIES LIMITED

30/04/1970

-

U17111UP1946PLC001428

MODI SPINNING AND WEAVING MILLS COMPANY LIMITED

12/02/1976

-

U67120UP1980PTC004955

TOUCH WOOD INVESTMENT PRIVATE LIMITED

25/05/2000

-

U92132MH2001PTC134159

FASHION TELEVISION INDIA PRIVATE LIMITED

27/03/2011

-

U72900MH2000PTC129737

JUNIORBUZZ.COM INDIA PRIVATE LIMITED

24/11/2000

-

U92110MH1997PTC104951

MODI FILMS ENTERPRISES PRIVATE LIMITED

08/01/1997

-

U51900MH1994PTC078793

W D CONSUMER PRODUCTS PRIVATE LIMITED

06/06/1994

-

L16004MH1936PLC008587

GODFREY PHILLIPS INDIA LIMITED

05/11/1979

-

 

 

Name :

Mr. Lakshminarasimha Rao Atchutuni

Designation :

Whole time Director

Address :

Flat No-A-1002, Fantasia Raheja Garden L.B.S. Marg, Thane (West), Thane-400604, Maharashtra, India

Date of Appointment :

18.03.2016

Qualification:

Bachelor’s Degree in Chemical Technology from UDCT, Mumbai, M. Tech Degree from IIT, Delhi and Ph. D in Chemistry from South Gujarat University.

DIN No.:

07467414

Designation :

Director

 

 

Name :

Mr. Samir Modi

Designation :

Director

Address :

A-1, Maharani Bagh, New Delhi – 110065, India

Date of Birth/Age :

15.12.1969

Qualification :

Graduate

Date of Appointment :

09.02.1993

DIN No. :

00029554

Other Directorship:

IN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U40100DL2017PTC326322

ATARI ENERGY PRIVATE LIMITED

22/11/2017

-

U74140MH2001PTC132192

MARKETING AND BRAND SOLUTIONS (INDIA) PRIVATE LIMITED

04/07/2003

-

U51103MH2013PTC251276

BEAUTE PARIS COSMETICS PRIVATE LIMITED

20/12/2013

-

U74999DL2009PTC192242

THE WALTZING VIENNA COFFEE AND MORE PRIVATE LIMITED

15/07/2009

-

U52390DL2009PTC192241

MODI BRANDS PRIVATE LIMITED

15/07/2009

-

U22219DL2007PTC161659

SERENDIPITY DESIGN PRIVATE LIMITED

04/04/2007

-

U51909DL2004PTC129422

SERENDIPITY ENTERPRISES PRIVATE LIMITED

27/09/2004

-

U52110DL2004PTC129421

TWENTY FOUR SEVEN RETAIL STORES PRIVATE LIMITED

27/09/2004

-

U24246DL2004PTC125599

COLORBAR COSMETICS PRIVATE LIMITED

02/04/2004

-

U67120DL1979PTC114042

INDO EURO INVESTMENT COMPANY PRIVATE LIMITED

07/06/1995

-

U72200DL1973PLC110617

MODICARE LIMITED

01/02/1992

-

U92113DL1997PTC085957

MODI ENTERTAINERS NETWORKS PVT LTD

19/03/1997

-

U74899DL1995PLC072562

INDIAN CRICKET LEAGUE LIMITED

19/09/1995

-

U74899DL1994PLC060724

MODI REACH FINANCE AND INVESTMENT (INDIA) LIMITED

27/08/1997

-

U74900DL1993PLC051770

MODICARE SALES AND SERVICES LIMITED

15/03/1995

-

U65101DL1992PTC049846

K K MODI INVESTMENT AND FINANCIAL SERVICES PRIVATE LIMITED

05/12/1992

-

U29309DL1983PLC016948

MODERN HOME CARE PRODUCTS LIMITED

27/09/1994

-

U67120UP1980PTC004955

TOUCH WOOD INVESTMENT PRIVATE LIMITED

19/08/1997

-

U72900MH2000PTC129737

JUNIORBUZZ.COM INDIA PRIVATE LIMITED

24/11/2000

-

U92110MH1997PTC104951

MODI FILMS ENTERPRISES PRIVATE LIMITED

08/01/1997

-

L16004MH1936PLC008587

GODFREY PHILLIPS INDIA LIMITED

30/08/2007

-

U17118MP1989PLC005568

SUCCESS PRINCIPLES INDIA LIMITED

30/09/1999

-

 

 

Name :

Charu Modi

Designation :

Whole-time Director

Address :

A-1, Maharani Bagh, New Delhi – 110065, India

Date of Birth/Age :

28.10.1962

Qualification :

Commerce Graduate and MBA

Date of Appointment :

01.04.2009

PAN No.:

ACSPB6374J

DIN No.:

00029625

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U67120UP1980PTC004955

TOUCH WOOD INVESTMENT PRIVATE LIMITED

09/08/1982

-

U29309DL1983PLC016948

MODERN HOME CARE PRODUCTS LIMITED

30/03/2000

-

U65101DL1992PTC049846

K K MODI INVESTMENT AND FINANCIAL SERVICES PRIVATE LIMITED

30/09/2008

-

U74899DL1994PLC060724

MODI REACH FINANCE AND INVESTMENT (INDIA) LIMITED

30/03/2000

-

U72200DL1973PLC110617

MODICARE LIMITED

18/03/2000

-

U65993DL2001PTC113464

CHARU INVESTMENTS PRIVATE LIMITED

28/12/2001

-

U67120DL1979PTC114042

INDO EURO INVESTMENT COMPANY PRIVATE LIMITED

18/03/2000

-

U51909DL2009PTC189517

IPM INDIA WHOLESALE TRADING PRIVATE LIMITED

26/06/2014

-

U80903DL2009PTC196740

MODI STRATFORD ENTERPRISE MANAGEMENT PRIVATE LIMITED

30/05/2011

-

U74140MH2001PTC132192

MARKETING AND BRAND SOLUTIONS (INDIA) PRIVATE LIMITED

04/07/2003

-

 

 

Name :

Mr. Sunil Kumar Alagh

Designation :

Director

Address :

12C, IL Palazzo, Little GIBBS Road, Malabar Hill, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

06.11.1946

Qualification :

Graduate and MBA from IIM, Kolkata

Date of Appointment :

22.09.2014

DIN No.:

00103320

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

L36999KA1999PLC025195

UNITED BREWERIES LIMITED

29/04/2005

-

L63011TG1995PLC020121

GATI LIMITED

22/04/2004

-

U60232TG2008PLC057692

GATI IMPORT EXPORT TRADING LIMITED

28/12/2010

-

U74999MH2003PTC142685

SKA ADVISORS PRIVATE LIMITED

15/10/2003

-

 

 

Name :

Mr. Mahendra Naranji Thakkar

Designation :

Director

Address :

133/134, Chandramani, 7th Floor, Telang X Road No.3, Matunga, Mumbai – 400 019, Maharashtra, India

Date of Birth/Age :

17.10.1941

Qualification :

CA

Date of Appointment :

17.08.2007

DIN No.:

00268818

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

L27310TG1985PLC005423

SAMKRG PISTONS AND RINGS LIMITED

06/11/1998

-

L85110KA1986PLC008020

BANGALORE SOFTSELL LIMITED

30/09/2008

-

 

 

Name :

Mr. Sanjay Ramakant Buch

Designation :

Director

Address :

7/31, Bandra Sona Housing Complex, Krishnachandra Marg, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

26.09.1968

Qualification :

Advocate and Solicitor

Date of Appointment :

22.09.2014

DIN No.:

00391436

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U24246TG1989PTC010416

SS ORAL HYGIENE PRODUCTS PRIVATE LIMITED

03/12/1999

-

L99999MH1951PLC008485

DIL LIMITED

14/09/2007

-

U99999MH1986PLC134021

FERMENTA BIOTECH LIMITED

27/09/2010

-

U93000MH2010NPL201022

JM FOUNDATION FOR EXCELLENCE IN JOURNALISM

30/01/2015

-

U93000MH2010FTC211208

SEALCOM INDIA PRIVATE LIMITED

22/12/2010

-

U24100GJ2014PTC081290

CONVERGENCE CHEMICALS PRIVATE LIMITED

28/07/2015

-

 

 

Name :

Lakshminarayanan Subramanian

Designation :

Director

Address :

33, Paschimi Marg, First Floor, Vasant Vihar, New Delhi – 110057, India

Date of Birth/Age :

10.07.1946

Qualification :

M.Sc (Chemistry), post graduate diploma in Advance Social & Economic Studies from University of Manchester (U.K.), IAS (retd)

Date of Appointment :

22.09.2014

DIN No.:

02808698

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U66010TG2005PLC045616

SHRIRAM LIFE INSURANCE COMPANY LIMITED

29/06/2011

-

L65191TN1979PLC007874

SHRIRAM TRANSPORT FINANCE COMPANY LIMITED

15/06/2010

-

U72300DL2006PTC154805

ELCOM SYSTEMS PRIVATE LIMITED

30/09/2009

-

U65910TN2009PLC073914

SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED

31/07/2015

-

U50100TN2010PLC074572

SHRIRAM AUTOMALL INDIA LIMITED

24/06/2011

-

U63030MH2017PTC289608

SAURASHTRA FREIGHT PRIVATE LIMITED

24/08/2017

-

U74999MH2017PTC294854

MODI INVESTMENT & HOLDINGS PRIVATE LIMITED

20/06/2017

-

U65990MH2017PTC295612

MODI FINTECH PRIVATE LIMITED

20/06/2017

-

 

 

Name :

Aliya Modi

Designation :

Additional Director

Address :

41 Gandhi Gram Road, Mumbai - 400049, Maharashtra, India

Date of Appointment :

23.09.2016

Date of Birth/Age :

09.03.1993

DIN No.:

07472942

 

 

Name :

Mr. Ranvir Prasad

Designation :

Nominee Director

Address :

Ziladhikari Niwas, Civil Lines Area, Ps-Kotwali, Mainpuri – 205001, Uttar Pradesh, Indi a 

Date of Appointment :

29.06.2017

DIN No.:

06684884

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U26960UP1961SGC002834

U.P.STATE INDUSTRIAL DEVELOPMENT CORPORATION LIMITED

13/04/2017

-

L65993UP1965PLC003082

MODIPON LIMITED

16/05/2017

-

U25203UP2015SGC073245

U.P. PLASTIC CITY DEVELOPMENT CORPORATION LIMITED

15/09/2017

-

 

 

KEY EXECUTIVES

 

Name :

Rajib Mukhopadhyay Mukherjee

Designation :

Chief Executive Officer

Address :

Flat No. 501D, 5th Floor, Orchid Valley Of Flowers, Near Dream Park, Thakur Village, Kandivali Mumbai- 400101, Maharashtra, India

Date of Appointment :

16.07.2014

PAN No.:

AEWPM2045M

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2016

 

SHAREHOLDING FILE ATTACHED

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 15.09.2017

 

Category

Percentage

Promoters- Individual/Hindu Undivided Family- Indian

2.17

Promoters- Body corporate

56.27

Promoters- Others

3.69

Public/Other than promoters- Individual/Hindu Undivided Family- Indian

7.97

Public/Other than promoters - Non-resident Indian (NRI)

9.85

Public/Other than promoters – foreign national

1.29

Public/Other than promoters – Government- State Government

9.45

Public/Other than promoters - Body corporate

9.13

Public/Other than promoters- Others

0.18

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Importer of Agro-Chemicals and Specialty Chemicals. (Registered Activity)

 

 

Products / Services :

Name and Description of main products / services

NIC Code of the Product/service

Agro Chemicals

20211

Specialty and Performance Chemicals

20297

 

Name and Description of main products / services

ITC Code of the Product/service

Edible Oil

15180000

Organic and Inorganic chemicals

29060000

Tanning Substances

32020000

Colours, Dyes and Pigments

32040000

Paints and Varnishes

32080000

Waxes and Wax Products

34040000

Plastics and Polymers

39010000

Agro Chemicals

20211

Specialty and Performance Chemicals

20297

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Products :

Finished goods

Countries :
  • Europe
  • France

 

 

Imports :

Products :

Raw Matrial

Countries :

China

 

 

Terms :

Selling :

 Advance Payment

 

 

Purchasing :

 Advance Payment

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Manufacturer

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

1000 (Approximately)

 

 

Bankers :

Banker Name :

ICICI Bank Limited

Branch :

Land Markrace Cource Circle, Alkapuri Vadodara - 390015, Gujarat, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

Banker Name :

Kotak Mahindra Bank Limited

Branch :

27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400051, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Facilities :

(INR In Million)

SECURED LOAN

As on

31.03.2016

As on

31.03.2015

LONG TERM BORROWING

 

 

Rupee term loans from banks

375.000

500.000

Foreign currency term loans from

1511.936

536.632

Other loans and advances, others

5.524

13.129

SHORT TERM BORROWING

 

 

Working capital loans from banks

3200.753

4176.212

Total

5093.213

5225.973

 

 

Auditors :

 

Name :

Bansi S. Mehta and Company

Chartered Accountants

Address :

Botawala Building, 2nd Floor, Horniman Circle, Fort, Mumbai – 400001, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAAFB6405G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiary Companies:

[As On 31.03.2016]
  • Quick Investment (India) Limited, India

(CIN U65993DL1979PLC010018)

 

  • Good Investments(India) Limited, India

(CIN U65993DL1979PLC010060)

 

  • Indo Bai J In Chemicals Private Limited, India

(CIN U24233GJ2011PTC065293)

 

  • Indofil Bangladesh Private Limited, Bangladesh

 

  • Indofil Industries (Netherlands) B. V, Netherlands

 

  • Indofil – Costarica S.A., South Africa

 

  • Indofil Industries (International)

 

 

Enterprises which are owned, or have significant

influence of or are partners

with Key management personnel and their relatives :

[As On 31.03.2016]
  • HIFIL Phillips India Limited, India

(CIN L16004MH1936PLC008587)

 

  • H M A Udyog Private Limited, India

(CIN U36999DL1981PTC011548)

 

  • Modicare Limited, India

(CIN U72200DL1973PLC110617)

 

  • Beacon Travels Private Limited, India

(CIN U74899DL1988PTC030391)

 

  • Bina Fashions N Food Private Limited, India

(CIN U51311DL1999PTC099509)

 

  • Premium Merchants Limited, India

(CIN L51909DL1985PLC021077)

 

  • Modi Rubber Limited, India

(CIN L25199UP1971PLC003392)

 

  • KKM Management Centre Private Limited, India

(CIN U74999DL1996PTC080090)

 

 

Associates:

[As On 31.03.2016]
  • Hifil Chemicals Private Limited, India

             (CIN U24100MH2009PTC198057)

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

44000000

Equity Shares

INR 10/- each

INR 440.000 Million

600000

Preference Shares

INR 10/- each

INR 60.000 Million

 

Total

 

INR 500.000 Million

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

20662400

Equity Shares (Fully Paid)

INR 10/- each

INR 206.624 Million

2295822

Equity Shares (Not Fully Paid)

INR 3/- each

INR 6.887 Million

 

Total

 

INR 213.511 Million

 

AS ON 30.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

44000000

Equity Shares

INR 10/- each

INR 440.000 Million

600000

Preference Shares

INR 10/- each

INR 60.000 Million

 

Total

 

INR 500.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

22958222

Equity Shares

INR 10/- each

INR 229.582 Million

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET [STANDALONE]

 

SOURCES OF FUNDS

31.03.2016

31.03.2015

31.03.2014

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

213.511

213.511

206.602

(b) Reserves & Surplus

7082.453

5604.461

4105.945

(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)

7295.964

5817.972

4312.547

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

1892.460

1049.761

1756.199

(b) Deferred tax liabilities (Net)

489.909

440.035

366.846

(c) Other long term liabilities

109.826

100.696

93.954

(d) long-term provisions

85.130

69.910

51.601

Total Non-current Liabilities (3)

2577.325

1660.402

2268.600

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

3200.753

4176.212

5310.377

(b) Trade payables

1512.517

1772.694

1993.571

(c) Other current liabilities

1674.128

1247.206

1633.927

(d) Short-term provisions

279.749

204.987

322.153

Total Current Liabilities (4)

6667.147

7401.099

9260.028

 

 

 

 

TOTAL

16540.436

14879.473

15841.175

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

2718.495

2516.005

2430.935

(ii) Intangible Assets

727.696

633.770

3419.408

(iii) Capital work-in-progress

1576.982

539.734

396.301

(iv) Intangible assets under development

898.830

834.516

632.877

(b) Non-current Investments

1539.731

1470.936

450.090

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

1272.724

1141.271

875.930

(e) Other Non-current assets

32.307

26.911

19.535

Total Non-Current Assets

8766.765

7163.143

8225.076

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2632.415

2766.428

2395.114

(c) Trade receivables

4405.230

4294.573

4418.400

(d) Cash and cash equivalents

331.249

158.180

319.627

(e) Short-term loans and advances

384.499

464.573

441.548

(f) Other current assets

20.278

32.576

41.410

Total Current Assets

7773.671

7716.330

7616.099

 

 

 

 

TOTAL

16540.436

14879.473

15841.175

 

 

PROFIT & LOSS ACCOUNT [STANDALONE]

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Income

16380.984

14858.938

13619.528

 

Other Income

62.017

131.670

44.509

 

TOTAL

16443.001

14990.608

13664.037

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

7354.196

7488.847

6834.578

 

Purchases of Stock-in-Trade

839.472

918.633

772.742

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

178.420

(389.543)

(214.433)

 

Employees benefits expense

1243.737

1075.721

1009.795

 

Exceptional Items

0.000

(425.548)

0.000

 

CSR Expenditure

20.831

16.613

0.000

 

Other expenses

3848.809

3429.719

2841.630

 

TOTAL

13485.465

12114.442

11244.312

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

2957.536

2876.166

2419.725

 

 

 

 

 

Less

FINANCIAL EXPENSES

509.606

783.024

855.362

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

2447.930

2093.142

1564.363

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

332.358

562.655

541.592

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2115.572

1530.487

1022.771

 

 

 

 

 

Less

TAX

482.667

78.565

113.320

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1632.905

1451.922

909.451

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

3975.819

2799.557

2077.737

 

 

 

 

 

Add

Depreciation adjusted for Earlier years

0.000

(4.947)

0.000

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Transfer to General Reserve

0.000

145.192

90.945

 

Proposed Dividend

128.107

104.189

82.641

 

Tax on Dividend

26.806

21.332

14.045

 

Total

154.913

270.713

187.631

 

 

 

 

 

 

Balance Carried to the B/S

5453.811

3975.819

2799.557

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

7399.164

6501.561

6015.967

 

Other income

28.898

11.563

39.403

 

TOTAL EARNINGS

7428.062

6513.124

6055.370

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

3488.000

3306.674

3557.651

 

Components and Stores parts

6.950

7.510

2.093

 

Capital Goods

1.873

16.441

397.537

 

TOTAL IMPORTS

3496.823

3330.625

3957.281

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

76.48

69.68

44.02

 

Particulars

 

 

 

31.03.2017

Sales Turnover (Approximately)

 

 

16750.000

 

 

 

(Due to business growth)

 

 

The above information has been parted by Mr. Samir Modi (Director)

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

289.021

349.381

776.994

Cash generated from operations

NA

NA

NA

Net cash flow from operating activity

2850.491

1535.139

2078.977

 

 

 

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

98.16

105.49

118.41

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

3.72

3.46

3.08

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

67.38

76.96

95.65

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.12

1.04

1.01

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.50

0.64

0.35

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.53

0.59

0.74

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.74

0.96

1.82

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.91

1.27

2.15

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.81

0.78

1.60

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

5.80

3.67

2.83

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

((PAT / Sales) * 100)

%

9.97

9.77

6.68

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

9.87

9.76

5.74

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

22.38

24.96

21.09

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.17

1.04

0.82

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.77

0.67

0.56

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.44

0.39

0.27

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

25.21

26.11

37.96

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.17

1.04

0.82

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

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Share Capital

206.602

213.511

213.511

Reserves & Surplus

4105.945

5604.461

7082.453

Net worth

4312.547

5817.972

7295.964

 

 

 

 

long-term borrowings

1756.199

1049.761

1892.460

Short term borrowings

5310.377

4176.212

3200.753

Current Maturities of Long term debt

776.994

349.381

289.021

Total borrowings

7843.570

5575.354

5382.234

Debt/Equity ratio

1.819

0.958

0.738

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Sales

13619.528

14858.938

16380.984

 

 

9.100

10.243

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Sales

13619.528

14858.938

16380.984

Profit/(Loss)

909.451

1451.922

1632.905

 

6.68%

9.77%

9.97%

 

 

 

ABRIDGED BALANCE SHEET (CONSOLIDATED)

 

SOURCES OF FUNDS

 

31.03.2016

31.03.2015

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

213.511

213.511

(b) Reserves & Surplus

 

6856.126

5572.860

(c) Money received against share warrants

 

0.000

0.000

(d) Minority Interest

 

296.631

285.808

 

 

 

 

(2) Share Application money pending allotment

 

0.000

0.000

Total Shareholders’ Funds (1) + (2)

 

7366.268

6072.179

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

5328.392

4754.597

(b) Deferred tax liabilities (Net)

 

489.909

440.035

(c) Other long term liabilities

 

109.826

100.696

(d) long-term provisions

 

85.130

69.910

Total Non-current Liabilities (3)

 

6013.257

5365.238

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

3691.325

4431.718

(b) Trade payables

 

1517.863

1676.956

(c) Other current liabilities

 

2332.730

1611.275

(d) Short-term provisions

 

279.771

205.002

Total Current Liabilities (4)

 

7821.689

7924.951

 

 

 

 

TOTAL

 

21201.214

19362.368

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

5529.175

5254.330

(ii) Intangible Assets

 

3215.734

3342.478

(iii) Capital work-in-progress

 

1576.981

539.734

(iv) Intangible assets under development

 

898.830

835.802

(b) Non-current Investments

 

610.953

546.748

(c) Deferred tax assets (net)

 

0.000

0.000

(d)  Long-term Loan and Advances

 

1123.561

978.539

(e) Other Non-current assets

 

32.307

26.911

Total Non-Current Assets

 

12987.541

11524.542

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

2756.978

2839.738

(c) Trade receivables

 

4671.944

4386.801

(d) Cash and cash equivalents

 

424.718

203.706

(e) Short-term loans and advances

 

341.076

374.841

(f) Other current assets

 

18.957

32.740

Total Current Assets

 

8213.673

7837.826

 

 

 

 

TOTAL

 

21201.214

19362.368

 

 

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

 

 

PARTICULARS

 

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

 

16860.048

15109.424

 

Other Income

 

18.827

110.611

 

TOTAL

 

16878.875

15220.035

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

7176.636

7340.427

 

Purchases of Stock-in-Trade

 

827.598

918.633

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

 

170.426

(408.307)

 

Employees benefits expense

 

1346.864

1154.381

 

CSR Expenditure

 

20.831

16.613

 

Other expenses

 

3869.258

3465.846

 

TOTAL

 

13411.613

12487.593

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

3467.262

2732.442

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

738.887

943.690

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

2728.375

1788.752

 

 

 

 

 

Less/

DEPRECIATION/ AMORTISATION

 

671.056

799.237

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

2057.319

989.515

 

 

 

 

 

Less

TAX

 

489.600

82.800

 

 

 

 

 

 

TOTAL PROFIT (LOSS) FOR PERIOD FROM CONTINUING OPERATIONS

 

1567.719

906.715

 

 

 

 

 

 Less

PROFIT (LOSS) FROM DISCONTINUING OPERATIONS BEFORE TAX

 

(3.184)

(33.723)

 

 

 

 

 

 

TOTAL PROFIT (LOSS) FOR PERIOD BEFORE MINORITY INTEREST

 

1564.535

940.438

 

 

 

 

 

 

Profit (Loss) of Minority Interest

 

39.121

83.520

 

 

 

 

 

 

Share of Profit (Loss) of Associates

 

(0.004)

(0.001)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

 

1603.652

1023.957

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

75.11

49.14

 

 

LEGAL CASES

 

HIGH COURT

 

MR. SANTURAM C. PATL VS INDOFIL INDUSTRIES LIMITED AW. W. P. 88332012 2 SERIALLY PAGE NO. 7 TO

high court-Mumbai

Case no:10. CAW/357/2013

Case status:Pending

Judge:HON'BLE MRS. JUSTICE MRIDULA BHATKAR

Date:2013-03-25T00:00:00Z



HIGH COURT

 

INDOFIL CHEMICALS LIMITED VS THE RISHABH VELVELEEN LIMITED INDOFIL INDUSTRIES IN REPLY DT. 16082013

high court-Mumbai

Case no:935. CHS/1017/2012

Case status:Pending

Judge:HON'BLE SHRI JUSTICE K.R. SHRIRAM

Date:2014-07-01T00:00:00Z



HIGH COURT

 

MR. SANTURAM C. PATL VS INDOFIL INDUSTRIES LIMITED W. P. 88332012

high court-Mumbai

Case no:14. CAW/357/2013

Case status:Pending

Judge:REGISTRAR (JUDICIAL - I [WP])

Date:2013-11-02T00:00:00Z



HIGH COURT

 

MR. SANTURAM C. PATL VS INDOFIL INDUSTRIES LIMITED W. P. NO 108032012 IS

high court-Mumbai

Case no:111. CAW/357/2013

Case status:Pending

Judge:REGISTRAR (JUDICIAL - I [WP])

Date:2013-02-18T00:00:00Z




 

 

HIGH COURT

 

INDOFIL CHEMICALS LIMITED VS THE RISHABH VELVELEEN LIMITED INDOFIL INDUSTRIES

high court-Mumbai

Case no:18. CHS/1017/2012

Case status:Pending

Judge:HON'BLE SHRI JUSTICE N.M. JAMDAR

Date:2013-02-08T00:00:00Z



HIGH COURT

 

MR. SANTURAM C. PATL VS INDOFIL INDUSTRIES LIMITED AW. W. P. 88332012 2 SERIALLY PAGE NO. 7 TO PETITIONS FOR

high court-Mumbai

Case no:901. CAW/357/2013

Case status:Pending

Judge:HON'BLE SMT. JUSTICE S.S. JADHAV

Date:2013-03-26T00:00:00Z

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

NOTE: Registered office of the company has been shifted from Nirlon Housedr Annie Besant Road Worli, Mumbai- 400025, Maharashtra, India to the present address w.e.f. 01.10.2010

 

STATE OF COMPANY’S AFFAIRS AND OPERATIONS

 

During the year the Company’s Operating Revenue was up from INR 14858.900 Million to INR 16380.900 Million Crores. Profit before Tax and Exceptional Items was INR 2115.600 Million for the year as against Rs. 110.49 Crores for the previous year, registering an increase of 91.47%. The Company has mainly been in the Agro Chemicals segment for more than 5 decades and enjoys a strong brand image and recall with its customers

 

Production of Agrochemicals Division for the year has been 60,775 MT as against 54,487 MT in the previous year and sales have been 55,362 MT against 56,371 MT in the previous year. In case of Specialty Chemicals Division, the production has been 15,674 MT as against 13,879 MT in the previous year and the sales have been 17,784 MT against 15,988 MT in the previous year.

 

EXPORTS

 

The Company made exports (FOB) worth INR 7428.100 Million against INR 6513.100 Million in the previous year. The company has initiated renewed steps to enhance exports of both its Agrochemicals and Specialty and Performance Chemicals Divisions.

 

CAPACITY EXPANSION

 

Manufacturing facilities was able to meet the demand for the current year and shall also be able to meet the requirements for the year 2016-17.

 

Keeping in view the increasing demand, the Company had during November, 2014, commenced the setting up a Greenfield Multiproduct Agro Synthesis facility (Synthesis Project) at Company’s new Plot at Dahej, Gujarat with production capacity of 4000 TPA of Technicals. The total capex for this project would be INR 1860.000 Million excluding the pre-operative expenses incurred mainly towards the bank interest on borrowings during construction and salary and wage cost of staff employed for the project. The project progressed very well during the year. The erection and commissioning work of the project is in full swing and expected to start commercial production from October, 2016.

 

With a vision to be a global leader in growth for Agro and Specialty Chemicals, the Company has embarked upon new initiative “Lakshya 2x3’ which aims to drive Indofil’s value to US$ 2 billion in next 3 years. This initiative will be of utmost importance to them in further accelerating their growth plans. In order to ensure satisfaction and prosperity of its customers, the company has been constantly providing customized solutions with a more focused approach.

 

JOINT VENTURE WITH SHANGHAI BAIJIN CHEMICAL GROUP CO. (SBC), CHINA FOR CARBON DISULPHIDE (CS2)

 

The Joint Venture project of the Company at Dahej for manufacturing of Carbon Di-Sulphide (CS2), a major raw material for Mancozeb, which was successfully commissioned in April 2014 has ensured uninterrupted supply of CS2 to the Company, eliminating the import of CS2 and thus help saving significant amount of foreign exchange. It will take the company to new heights of production excellence. Besides the JV actively caters to external demand for CS2 in India & overseas. Indofil has aligned its strategy to meet these challenges with New Product Development as the key driver Initiative for the coming years.

 

OUTLOOK

 

As currently the consumption levels of agrochemicals are low as compared to the world, there is a huge potential for growth in the future. Due to abundance of cheap labour and low processing costs, Private sector companies and MNCs have an opportunity to setup their manufacturing hubs in India for their export markets. The new Govt. has initiated several policy measures to enable farmers to gain access to credit facilities, the primary driver for the agrochemicals market. After witnessing below average rains in last few years, they are all set to receive normal rains in 2016 strengthening the prospects of plentiful farm output. These factors are contributing to growth of agriculture and consequently the agrochemicals market.

 

The Company is all geared up not only to extract maximum from this positive outlook in domestic scene but also ensuring dedicated efforts towards geographic expansion in Latin America, Europe and Russia. Achieving full potential of Offices in Netherlands/Bangladesh is among the strategic imperatives Indofil is looking at besides increasing the product portfolio.

 

 

INDEX OF CHARGE:

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

DATE OF SATISFACTION

AMOUNT

ADDRESS

1

C69449528

10601176

19/06/2015

-

-

500000000.0

LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN

2

C58457227

10579005

18/06/2015

-

-

200000000.0

27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN

3

C32523698

10529525

29/09/2014

-

-

980000000.0

425, D.B. MARG,OPERA HOUSE,MUMBAIMH400004IN

4

C03362233

10490994

27/03/2014

-

-

200000000.0

CENTRE ONE BUILDING, FLOOR 21WORLD TRADE CENTRE COMPLEX, CUFFE PARADEMUMBAIMH400005IN

5

C10206829

10507583

14/03/2014

-

-

600000000.0

NARIMAN POINT BRANCH, AIR INDIA BUILDING,216,BACKBAY RECLAMATION, NARIMAN POINT.MUMBAIMH400021IN

6

B57908998

10375981

13/09/2012

-

-

313500000.0

225, JOLLY MAKER CHAMBERS II,NARIMAN POINT,MUMBAIMH400099IN

7

B57094468

10374098

30/08/2012

-

-

100000000.0

SVC TOWER, NEHRU ROAD, VAKOLA, SANTACRUZ (E),MUMBAIMH400055IN

8

B44374379

10367167

01/06/2012

-

-

299700000.0

CEEJAY HOUSE, SHIVSAGAR ESTATE,DR.A.B.ROAD, WORLIMUMBAIMH400018IN

9

B41162512

10359536

01/06/2012

-

-

810000000.0

23, NARAIN MANZIL, BARAKHAMBA ROAD,NEW DELHIDL110001IN

10

B42115303

10350631

28/02/2012

01/06/2012

-

500000000.0

L & T HOUSE, BALLARD ESTATE,MUMBAIMH400001IN

 

 

FIXED ASSETS:

 

Tangible assets

 

  • Land
  • Buildings
  • Factory building
  • Plant and equipment
  • Factory Equipments
  • Furniture and fixtures
  • Vehicles
  • Motor vehicles 

 

Intangible assets

 

  • Computer software
  • Licenses and franchise
  • Licenses

 

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 records 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 63.54

UK Pound

1

INR 89.82

Euro

1

INR 78.86

 

 

INFORMATION DETAILS

 

Information Gathered by :

SHA

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

NKTS

 

 

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

YES

--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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.