|
|
|
MIRA INFORM REPORT
|
Report No. : |
490696 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SYNGENTA INDIA LIMITED (w.e.f. 27.09.2000) |
|
|
|
|
Formerly Known
As : |
SYNGENTA INDIA PRIVATE LIMITED (w.e.f. 23.03.2000) NOVARTIS AGRIBUSINESS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Amar Paradigm, S. No.110/11/3, Baner Road, Baner, Pune –
411045, Maharashtra |
|
Tel. No.: |
91-20-30699200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
23.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-135336 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 164.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24210PN2000PLC135336 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS9424P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in the Business of Manufacturing and Trading of Agro Chemicals and Processing of Seeds. [Registered Activity] |
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|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 65000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2000. For the FY 2016, the company reported dip in its revenue by 0.76% as
compared to the previous year but has managed to maintain an average profit
margin of 11.27%. The sound financial risk profile of the company is marked by adequate
networth base along with strong debt protection metrics due to debt free
balance sheet profile. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. NOTE: As per Registrar of Companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to financial
for the year 31.03.2017 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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 09.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative (91-20-30699200 / 30699206)
LOCATIONS
|
Registered / Corporate Office : |
Amar Paradigm, S. No.110/11/3, Baner Road, Baner, Pune – 411045, Maharashtra, India |
|
Tel. No.: |
91-20-30699200 / 30699206 / 30699358 |
|
Fax No.: |
91-20-30699480 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Seeds
Division 1 : |
Plot No.9-1-164/A, 165,166, 4th Floor,
Amsari Faust, S.D. Road, Beside Hotel Basera, Near Clock Tower, Opposite
Sigma Hospital, Secunderabad – 500025, Andhra Pradesh, India |
|
Tel. No.: |
91-40-30932700 |
|
|
|
|
Seeds
Division 2 : |
Survey No.39/1A, 39/2a, 39/2B, Ansundi – Kajjrari
Road, Rannebenur – Taluka, Havari District
Ansundi Village, Rannebenur – 581115, Karnataka, India |
|
Tel. No.: |
91-8373-398200 |
|
|
|
|
Seeds
Division 3 : |
Gate No.32, Mulani Wadgaon, At Post Mulani
Wadgaon, Taluka Paithan, District Aurangabad – 431105, Maharashtra, India |
|
Tel. No.: |
91-2431-231273/ 74/ 94 |
|
|
|
|
Seeds
Division 4 : |
Survey No.600/661, Nuthankal Village, Medchal Mandal,
R.R. District, Medchal – 501401, Andhra Pradesh, India |
|
Tel. No.: |
91-8418-304500 |
|
|
|
|
Delhi Office : |
Unit number 405, D2, Southern Park, District Centre Saket, New Delhi – 110017, India |
|
Tel. No.: |
91-11-71010201 |
|
|
|
|
Kolkata Office
: |
No.2F, 2nd Floor, Orbit House,
1, Garstin Place, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-22484961 |
|
|
|
|
Pune Office : |
Survey No - 110/11/3, Amar Paradigm, Near Hotel Sadanand, Baner Road, Pune – 411045, Maharashtra, India |
|
Tel. No.: |
91-20-30699200 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Bipinchandra Chandulal Solanki |
|
Designation : |
Managing Director |
|
Address : |
C-16, Riverway Residency, Near Homiopethic College Sevasi, Sindhrot Road, Sevasi, Vadodara – 391101, Gujarat, India |
|
Date of Birth/Age : |
13.03.1960 |
|
Date of Appointment : |
01.01.2014 |
|
DIN No.: |
00029753 |
|
|
|
|
Name : |
Vinnakota Kaundinya Ramachandra |
|
Designation : |
Director |
|
Address : |
Flat 146 Srila Heights St. Johns Curch Road East, Marredpally, Secunderabad, Hyderabad – 500026, Telangana, India |
|
Date of Appointment : |
04.03.2015 |
|
DIN No.: |
00043067 |
|
|
|
|
Name : |
Balaji Bakthisaran |
|
Designation : |
Director |
|
Address : |
D/30 Mantri Kishor Park Bhosale Nagar, Pune – 411007, Maharashtra, India |
|
Date of Appointment : |
04.03.2015 |
|
DIN No.: |
00122523 |
|
|
|
|
Name : |
Prakash Krishnaji Apte |
|
Designation : |
Director |
|
Address : |
Flat No. 803, Wing - B, Blossom Boule Vard Koregaon Park, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1954 |
|
Date of Appointment : |
10.11.2000 |
|
DIN No.: |
00196106 |
|
|
|
|
Name : |
Govind Premanand Sinaibene |
|
Designation : |
Wholetime Director |
|
Address : |
H. No. 457 Radha Mandop Road P.O. Navelim, Salcete – 403707, Goa, India |
|
Date of Birth/Age : |
29.11.1961 |
|
Date of Appointment : |
28.09.2011 |
|
DIN No.: |
03450063 |
|
PAN No.: |
APMPS6861G |
|
|
|
|
Name : |
Narendra Hari Kulkarni |
|
Designation : |
Wholetime Director |
|
Address : |
Building No.21/Flat No.202, Siddhachal Phase-3, Pokhran RD-2, Thane – 400610, Maharashtra, India |
|
Date of Appointment : |
27.06.2017 |
|
DIN No.: |
07138608 |
|
|
|
|
Name : |
Sumie Fujimura |
|
Designation : |
Director |
|
Address : |
3-12-1-3101, Shirakawa, Koto-Ku Tokyo, Japan |
|
Date of Appointment : |
10.03.2017 |
|
DIN No.: |
07754562 |
KEY EXECUTIVES
|
Name : |
Mr. Abhishek Agarwal |
|
Designation : |
Chief Executive Officer |
|
Address : |
SNO.13+14, HNO. B/1+2+3, 'Kumar Kruti' Bld-A1, Fl-206/
Wadgaon Sheri, Pune – 411014, Maharashtra, India |
|
Date of Appointment : |
01.04.2017 |
|
PAN No.: |
AGJPA9329B |
|
|
|
|
Name : |
Arundhati Aniruddha Kulkarni |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 302, A Wing, Kumar Pushp, Near Mahalakshmi Mangal Karyalaya,
Parvati, Pune – 411009, Maharashtra, India |
|
Date of Appointment : |
19.02.2016 |
|
PAN No: |
ANXPK0121G |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Syngenta Participations Ag, Switzerland |
|
16246450 |
|
Syngenta South Asia Ag, Switzerland |
|
14434178 |
Equity Share Break up
(Percentage of Total Equity)
AS ON 26.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
96.41 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
3.30 |
|
Public/Other than promoters [Non-resident
Indian (NRI)] |
0.15 |
|
Public/Other than promoters [Financial
institutions] |
0.02 |
|
Public/Other than promoters [Body corporate] |
0.11 |
|
Public/Other than promoters [Others (FII Indian, clearing member)] |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Business of Manufacturing and Trading of Agro Chemicals and Processing of Seeds. [Registered Activity] |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
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Auditors : |
|
|
Name : |
BSR and Associate LLP Chartered Accountants |
|
Address : |
701-703, 7th Floor, Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
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|
Ultimate Holding
Company : |
· Syngenta AG, Switzerland |
|
|
|
|
Investing
Associates : |
· Syngenta Participations AG, Switzerland (holds 49.32% of issued, subscribed and paid up capital) · Syngenta South Asia AG , Switzerland (holds 43.81% issued, subscribed and paid up capital) |
|
|
|
|
Parties under
Common Control (where transactions exist) : |
· Syngenta Foundation India |
|
|
|
|
Fellow subsidiary
companies (where transactions exist) : |
· Syngenta Agro Asia Pacific PTE. Limited, Singapore · Syngenta Japan K.K., Japan · Syngenta Asia Pacific PTE Limited, Singapore · Syngenta (Pakistan) Limited, Pakistan · Syngenta Biosciences Private Limited, India · Syngenta Philippines Inc., Philippines · Syngenta Crop Protection AG, Switzerland · Syngenta Seeds BV, Holland · Syngenta Crop Protection Limited, Thailand · Syngenta Seeds Inc, USA · Syngenta Crop Protection Private Limited, India · Syngenta Services Private Limited, India · Syngenta France SAS, France · Syngenta Vietnam Limited, Vietnam · Syngenta International AG, Switzerland · MRI Seed Zambia Limited, Zambia · Syngenta South Asia AG, Switzerland · Devgen Seeds & Crop Technology Private Limited, India · Syngenta Research Services PTE Limited, Singapore |
CAPITAL STRUCTURE
AS ON 26.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32950000 |
Equity Shares |
INR 5/- each |
INR 164.750 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32943708 |
Equity Shares |
INR 5/- each |
INR 164.719 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
164.700 |
164.700 |
159.300 |
|
(b) Reserves & Surplus |
22434.000 |
19373.700 |
15388.300 |
|
(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) |
22598.700 |
19538.400 |
15547.600 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
275.700 |
422.100 |
146.000 |
|
Total Non-current
Liabilities (3) |
275.700 |
422.100 |
146.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
4096.300 |
3487.600 |
6474.700 |
|
(c) Other current
liabilities |
705.400 |
1204.800 |
935.400 |
|
(d) Short-term
provisions |
1765.100 |
1321.300 |
1203.400 |
|
Total Current
Liabilities (4) |
6566.800 |
6013.700 |
8613.500 |
|
|
|
|
|
|
TOTAL |
29441.200 |
25974.200 |
24307.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3865.800 |
3509.500 |
3181.600 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
144.900 |
770.800 |
839.700 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
351.200 |
154.800 |
212.200 |
|
(d)
Long-term Loan and Advances |
1550.800 |
1324.700 |
248.700 |
|
(e) Other
Non-current assets |
0.000 |
2.600 |
0.000 |
|
Total Non-Current
Assets |
5912.700 |
5762.400 |
4482.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10246.400 |
9894.700 |
9728.300 |
|
(c) Trade
receivables |
4274.100 |
3663.300 |
4910.700 |
|
(d) Cash
and cash equivalents |
7860.300 |
5205.000 |
3290.200 |
|
(e)
Short-term loans and advances |
930.400 |
1240.100 |
1678.600 |
|
(f) Other
current assets |
217.300 |
208.700 |
217.100 |
|
Total
Current Assets |
23528.500 |
20211.800 |
19824.900 |
|
|
|
|
|
|
TOTAL |
29441.200 |
25974.200 |
24307.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
28824.200 |
29047.500 |
30686.200 |
|
|
Other Income |
938.100 |
1058.900 |
722.600 |
|
|
TOTAL |
29762.300 |
30106.400 |
31408.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
12678.000 |
13236.500 |
15266.600 |
|
|
Purchases of
Stock-in-Trade |
3322.200 |
3545.200 |
3068.700 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(130.100) |
(423.300) |
73.200 |
|
|
Employee benefit expense |
2062.700 |
2145.900 |
1575.300 |
|
|
CSR expenditure |
58.900 |
19.700 |
0.000 |
|
|
Other expenses |
6333.100 |
6297.700 |
6599.200 |
|
|
TOTAL |
24324.800 |
24821.700 |
26583.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
5437.500 |
5284.700 |
4825.800 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.500 |
27.400 |
81.100 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5437.000 |
5257.300 |
4744.700 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
650.100 |
548.700 |
557.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
4786.900 |
4708.600 |
4187.300 |
|
|
|
|
|
|
|
Less |
TAX |
1537.700 |
704.300 |
1649.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3249.200 |
4004.300 |
2537.800 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
698.400 |
823.700 |
678.700 |
|
|
TOTAL EARNINGS |
698.400 |
823.700 |
678.700 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
7960.500 |
7167.700 |
8873.100 |
|
|
Components and spare
parts |
31.600 |
39.800 |
111.300 |
|
|
Capital Goods |
35.700 |
99.600 |
176.100 |
|
|
TOTAL IMPORTS |
8027.800 |
7307.100 |
9160.500 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
98.63 |
121.56 |
79.65 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
5232.100 |
4343.900 |
6390.700 |
|
Net cash flows from (used in) operating activities |
2956.600 |
2650.100 |
4644.600 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
54.12 |
46.03 |
58.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.74 |
7.93 |
6.25 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
93.45 |
75.85 |
128.89 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.53 |
0.53 |
0.50 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.36 |
1.23 |
1.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.22 |
0.23 |
0.35 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.29 |
0.31 |
0.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.18 |
0.22 |
0.26 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
10875.00 |
192.87 |
59.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
11.27 |
13.79 |
8.27 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.04 |
15.42 |
10.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.38 |
20.49 |
16.32 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.58 |
3.36 |
2.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.02 |
1.72 |
1.17 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.77 |
0.75 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.58 |
3.36 |
2.30 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
159.300 |
164.700 |
164.700 |
|
Reserves & Surplus |
15388.300 |
19373.700 |
22434.000 |
|
Net
worth |
15547.600 |
19538.400 |
22598.700 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
30686.200 |
29047.500 |
28824.200 |
|
|
|
(5.340) |
(0.769) |
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 |
30686.200 |
29047.500 |
28824.200 |
|
Profit/ (Loss) |
2537.800 |
4004.300 |
3249.200 |
|
|
8.27
% |
13.79
% |
11.27
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
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% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY OVERVIEW
The Company is a public company incorporated under the Companies Act, 1956. The Company is engaged in the business of manufacturing and trading of agro chemicals and processing of seeds. The Company manufactures active ingredients and formulates pesticides, herbicides and fungicides and processes field crop and vegetable seeds. The Company has presence in both the domestic and international markets.
STATE OF
COMPANY’S AFFAIRS:
FINANCIAL
PERFORMANCE:
The revenue from operations of the Company for the current year was INR 28824.200 million as against INR 29047.500 million of previous year. The profit after tax in 2015-16 stood at INR 3249.200 million as against INR 4004.300 million in the previous year.
The sales turnover of both the domestic Crop Protection and Seeds business increased by 7% and that of Seeds business by 7% as compared to the previous year. This is on account of good performance of fungicides and insecticides business with new product launches in the recent years. Due to subdued monsoon during the current year, agriculture sectors performance was not encouraging. However, the Company was able to maintain growth in the sales through better pricing though there was pressure on the volumes.
Their exports business of Crop Protection has declined by 12% and that of Seeds business by 33% as compared to the previous year. This was mainly due to lower exports of our key active ingredient, Thiamethoxam Technical and its formulations manufactured at Santa Monica Works, Goa, creating significant uncertainty with regards to outlook for incomes. This in turn has affected the company’s export business prospects. Seeds exports declined during the year due to lower demand for corn and sunflower seeds from overseas.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C66780693 |
90147722 |
DEUTSCHE BANK |
04/07/2001 |
- |
21/09/2015 |
700000000.0 |
DB HOUSEH.SOMANI MARG FORT, MUMBAI MH400001IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 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 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.