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%20LIMITED%20-%20497030%20(PRELIMINARY%20REPORT)%2012-Mar-2018_files/image015.jpg){kind=small}
%20LIMITED%20-%20497030%20(PRELIMINARY%20REPORT)%2012-Mar-2018_files/image016.jpg)
%20LIMITED%20-%20497030%20(PRELIMINARY%20REPORT)%2012-Mar-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
497030 |
|
Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
VVF (INDIA)
LIMITED (w.e.f. 19.05.2011) |
|
|
|
|
Formerly Known
As : |
VVF (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
109, Opposite Sion Fort Garden, Sion (East), Mumbai – 400022,
Maharashtra |
|
Tel. No.: |
91-22-40282000/ 2250 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
22.11.2010 |
|
|
|
|
Com. Reg. No.: |
11-210239 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 245.660 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24296MH2010PLC210239 |
|
|
|
|
IEC No.: |
0312013124 |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCV4970G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in manufacture of Toilet Soaps, Fatty Acids and Fatty Alcohols. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
CRISIL |
|
Rating |
Long term : D |
|
Rating Explanation |
Lowest-credit-quality
and very low prospects of recovery |
|
Date |
26.10.2016 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term : D |
|
Rating Explanation |
Lowest-credit-quality
and very low prospects of recovery |
|
Date |
26.10.2016 |
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 12.03.2018
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 (Tel No.: 91-22-40282000)
LOCATIONS
|
Registered Office /Corporate Office : |
109, Opposite Sion Fort Garden, Sion (East), Mumbai – 400022,
Maharashtra, India |
|
Tel. No.: |
91-22-40282000/ 2250 |
|
Fax No.: |
91-22-24086698 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 / Research and Development Center : |
Plot No. V41, MIDC Industrial Area, Taloja, District Raigad-410208, Maharashtra, India |
|
Tel. No.: |
91-22-27412036/ 37 |
|
Fax No.: |
91-22-227412173 |
|
|
|
|
Factory 2 : |
Survey No. 65 and 95 A, Meghpur Borichi, Galpadar Road, Anjar, Kutch –
370201, Gujarat, India |
|
Tel. No.: |
91-2836-246982/83/84 |
|
Fax No.: |
91-2836-246981 |
|
|
|
|
Factory 3: |
Survey No. 635, Sim Anjar, Kutch – 370201, Gujarat, India |
|
Tel. No.: |
91-2836-295255 |
|
Fax No.: |
91-2836-295255 |
|
|
|
|
Factory 4 : |
Plot No. 141/143, Survey No. 195/4, 195/6, Panchal, Udyog Nagar,
Bhimpore, Nani Daman – 396210, Gujarat, India
|
|
Tel. No.: |
91-260-2221075/2221229 |
|
Fax No.: |
91-260-2221690 |
|
|
|
|
Factory 5 : |
Hadbast No.214, V.P.O Bhatoli, Kalan Baddi, Tehsil-Nalagarh, District Solan-173205, Himachal Pradesh, India |
|
Tel. No.: |
91-1795-661300 |
|
Fax No.: |
91-1795-275034 |
|
|
|
|
Factory 6 : |
7, Tiljala Road, Kolkata – 700039, West Bengal, India |
|
Tel. No.: |
91-33-23434151/52 |
|
Fax No.: |
91-33-23434497 |
DIRECTORS
As on 2017
|
Name : |
Mrs. Shanaz Arunak Diwan |
|
Designation : |
Managing Director |
|
Address : |
40A, Hillstone, B. G. Kher Marg, Malabar
Hill, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
22.02.1950 |
|
Date of Appointment : |
01.06.2012 |
|
PAN No.: |
AABPD7249M |
|
DIN No.: |
02019387 |
|
|
|
|
Name : |
Mr. Ramesh Doraiswami |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 1012, Building No. 1, S No.
65/1/2A/2/3, Clover Belvedere, Ghorpadi, Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
28.12.1964 |
|
Date of Appointment : |
07.09.2015 |
|
PAN No.: |
AAEPD4216D |
|
DIN No.: |
06552391 |
|
|
|
|
Name : |
Mr. Rustom Godrej Joshi |
|
Designation : |
Director |
|
Address : |
501, Marker Mansion, 623, Lady Jehangir
Road, Parsee Colony, Dadar (East), Mumbai-400014, Maharashtra, India |
|
Date of Birth/Age : |
05.05.1953 |
|
Date of Appointment : |
08.06.2015 |
|
PAN No.: |
AABPJ7137L |
|
DIN No.: |
00277901 |
|
|
|
|
Name : |
Mr. Faraz Godrej Joshi |
|
Designation : |
Director |
|
Address : |
40-A, Hillstone Building, B. G. Kher Marg,
Malabar Hill, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
21.07.1946 |
|
Date of Appointment : |
20.01.2017 |
|
PAN No.: |
AAGPJ8762Q |
|
DIN No.: |
00278206 |
|
|
|
|
Name : |
Mr. Carlyle Saldanha |
|
Designation : |
Director |
|
Address : |
602, Cool Shanagh, N Gamadia Road,
Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1951 |
|
Date of Appointment : |
30.03.2015 |
|
DIN No.: |
02606934 |
|
|
|
|
Name : |
Mr. Rajamani Subramaniam Iyer |
|
Designation : |
Director |
|
Address : |
21, 2nd Floor, Khetani Heights, Plot No.
123, Road No. 27, Sion (East), Mumbai-400022, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1927 |
|
Date of Appointment : |
30.09.2015 |
|
DIN No.: |
00278672 |
|
|
|
|
Name : |
Mr. Ramesh Ramachandran Venkat |
|
Designation : |
Nominee Director |
|
Address : |
1201, Marathon Heights, Pandurang Budhkar Marg,
Worli, Mumbai-400013, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1964 |
|
Date of Appointment : |
24.10.2011 |
|
DIN No.: |
00003410 |
KEY EXECUTIVES
|
Name : |
Mr. Mohan Parshuram Sonar |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 204, 2nd Floor, Runwal Estate, Building No. B-3, Chitalsarv Manpada, Ghodbunder Road, Thane-400607, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1967 |
|
Date of Appointment : |
01.06.2012 |
|
PAN No.: |
ANMPS7378G |
|
|
|
|
Name : |
Mr. Gajendra Kumar Debaraj Palo |
|
Designation : |
Chief Financial Officer |
|
Address : |
501-B, Redwood, Evershine Greens, New Link Road Oshiwara, Andheri (East), Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
29.04.1969 |
|
Date of Appointment : |
13.10.2015 |
|
PAN No.: |
AAJPP0821B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2016
|
Names of Equity Shareholders |
|
No. of Shares |
|
Rustom Godrej Joshi |
|
5737250 |
|
Faraz Godrej Joshi |
|
5749750 |
|
Shanaz Arunak Diwan |
|
782250 |
|
Neville Rustom Joshi |
|
12500 |
|
VVF (India) Employees Benefit Trust, India |
|
217500 |
|
Rustom Joshi Jointly with Neville Rustom Joshi |
|
250 |
|
Reliance Alternative Investments Fund – Private Equity Scheme I, acting
through Fairwinds Trustees Services Private Limited, India |
|
2560750 |
|
E P Asia Limited, Mauritius |
|
975478 |
|
VVF Limited, India |
|
506847 |
|
Vitavon Life Private Limited, India |
|
18000 |
|
Vita Oil Private Limited, India |
|
5700 |
|
Total |
|
16566275 |
|
Names of Preference
Share Shareholders |
|
No. of Shares |
|
VVF Limited, India |
|
8000000 |
|
Total |
|
8000000 |
As on 17.10.2016
|
Names of Allottee
(Preference share) |
|
No. of Shares |
|
VVF Limited, India |
|
6000000 |
|
Total |
|
6000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
74.14 |
|
Promoters (Bodies corporate) |
9.09 |
|
Promoters (Others- trust) |
1.31 |
|
Public/Other than promoters (Mutual funds) |
15.46 |
|
Total |
100.00 |
%20LIMITED%20-%20497030%20(PRELIMINARY%20REPORT)%2012-Mar-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in manufacture of Toilet Soaps, Fatty Acids and Fatty Alcohols. (Registered Activity) |
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Products : |
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Brand Names : |
Not Available |
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|
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|
Agencies Held : |
Not Available |
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|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
No. of Employees : |
Information declined by the management |
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|
Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
BSR and Associates LLP Chartered Accountants |
|
Address : |
5th Floor, Lodha Excelus, Apollo Mills Compound,
N.M. Joshi Marg, Mahalaxmi, Mumbai- 400 011, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
Management personnel and their relatives : |
|
CAPITAL STRUCTURE
After 30.09.2016
Authorised Capital : INR 500.000 Million
Issued Subscribed & Paid-up Capital : INR 465.663
Million
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19940000 |
Equity Shares |
INR 10/- each |
INR 199.400 Million |
|
30060000 |
Preference shares |
INR 10/- each |
INR 300.600 Million |
|
|
Total |
|
INR 500.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16566275 |
Equity Shares |
INR 10/- each |
INR 165.663
Million |
|
30000000 |
Preference shares |
INR 10/- each |
INR 300.000
Million |
|
|
Total |
|
INR 465.663 Million |
Subscribed & Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16566275 |
Equity Shares |
INR 10/- each |
INR 165.663
Million |
|
8000000 |
Preference shares |
INR 10/- each |
INR 80.000
Million |
|
|
Total |
|
INR 245.663 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 |
245.660 |
165.660 |
151.170 |
|
(b) Reserves and Surplus |
(241.780) |
733.410 |
1578.260 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
251.880 |
|
Total
Shareholders’ Funds (1) + (2) |
3.880 |
899.070 |
1981.310 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2671.180 |
3675.030 |
711.580 |
|
(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 |
178.980 |
189.220 |
166.180 |
|
Total Non-current
Liabilities (3) |
2850.160 |
3864.250 |
877.760 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
2460.150 |
2367.550 |
5793.600 |
|
(b) Trade
payables |
4867.920 |
4183.420 |
5045.300 |
|
(c) Other
current liabilities |
2001.800 |
1202.480 |
594.080 |
|
(d) Short-term
provisions |
96.950 |
87.440 |
297.890 |
|
Total Current
Liabilities (4) |
9426.820 |
7840.890 |
11730.870 |
|
|
|
|
|
|
TOTAL |
12280.860 |
12604.210 |
14589.940 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4512.570 |
4790.730 |
5205.810 |
|
(ii) Intangible
Assets |
6.380 |
8.280 |
9.070 |
|
(iii) Tangible assets
capital work-in-progress |
38.380 |
63.720 |
67.220 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
720.690 |
720.690 |
720.690 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
1317.360 |
1175.390 |
1137.710 |
|
(e) Other
Non-current assets |
51.590 |
46.140 |
0.050 |
|
Total Non-Current
Assets |
6646.970 |
6804.950 |
7140.550 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2270.280 |
2468.480 |
3434.660 |
|
(c) Trade
receivables |
2213.380 |
2257.630 |
2777.670 |
|
(d) Cash and
bank balances |
292.900 |
165.660 |
220.140 |
|
(e)
Short-term loans and advances |
713.750 |
751.140 |
919.200 |
|
(f) Other
current assets |
143.580 |
156.350 |
97.720 |
|
Total
Current Assets |
5633.890 |
5799.260 |
7449.390 |
|
|
|
|
|
|
TOTAL |
12280.860 |
12604.210 |
14589.940 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
17135.690 |
18257.330 |
21361.280 |
|
|
Other Income |
70.380 |
205.800 |
99.030 |
|
|
TOTAL |
17206.070 |
18463.130 |
21460.310 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
10051.220 |
11703.640 |
12555.410 |
|
|
Purchases of
Stock-in-Trade |
2569.840 |
1823.010 |
1577.350 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
367.350 |
473.880 |
196.370 |
|
|
Employee benefit expense |
966.560 |
1024.910 |
1072.230 |
|
|
Other expenses |
2594.520 |
3201.390 |
3533.320 |
|
|
TOTAL |
16549.490 |
18226.830 |
18934.680 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
656.580 |
236.300 |
2525.630 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1245.870 |
1270.930 |
1218.810 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(589.290) |
(1034.630) |
1306.820 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
385.900 |
436.980 |
912.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(975.190) |
(1471.610) |
394.020 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
103.180 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(975.190) |
(1574.790) |
394.020 |
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE
EARNINGS |
4043.220 |
7086.820 |
9534.060 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(58.87) |
(99.21) |
26.16 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
1007.400 |
974.040 |
281.690 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
2075.030 |
694.300 |
1497.710 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
47.15 |
45.13 |
47.46 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.74 |
8.09 |
7.69 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
140.78 |
112.88 |
130.30 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.29 |
0.10 |
0.74 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.14 |
0.05 |
0.48 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
1.07 |
0.99 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1582.15 |
7.80 |
3.43 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
2429.59 |
8.72 |
5.92 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1174.57 |
5.41 |
2.67 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.53 |
0.19 |
2.07 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
(5.69) |
(8.63) |
1.84 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(7.94) |
(12.49) |
2.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(25133.76) |
(175.16) |
19.89 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.60 |
0.74 |
0.64 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.36 |
0.42 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.00 |
0.07 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
24.99 |
42.36 |
44.90 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.60 |
0.74 |
0.64 |
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 |
151.170 |
165.660 |
245.660 |
|
Reserves & Surplus |
1578.260 |
733.410 |
(241.780) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
251.880 |
0.000 |
0.000 |
|
Net
worth |
1981.310 |
899.070 |
3.880 |
|
|
|
|
|
|
long-term borrowings |
711.580 |
3675.030 |
2671.180 |
|
Short term borrowings |
5793.600 |
2367.550 |
2460.150 |
|
Current maturities of
long-term debts |
281.690 |
974.040 |
1007.400 |
|
Total
borrowings |
6786.870 |
7016.620 |
6138.730 |
|
Debt/Equity
ratio |
3.425 |
7.804 |
1,582.147 |
%20LIMITED%20-%20497030%20(PRELIMINARY%20REPORT)%2012-Mar-2018_files/image022.gif)
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 |
21361.280 |
18257.330 |
17135.690 |
|
|
|
(14.531) |
(6.144) |
%20LIMITED%20-%20497030%20(PRELIMINARY%20REPORT)%2012-Mar-2018_files/image024.gif)
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 |
21361.280 |
18257.330 |
17135.690 |
|
Profit/ (Loss) |
394.020 |
(1574.790) |
(975.190) |
|
|
1.84% |
(8.63%) |
(5.69%) |
%20LIMITED%20-%20497030%20(PRELIMINARY%20REPORT)%2012-Mar-2018_files/image026.gif)
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 |
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 |
-- |
|
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 domiciled and headquartered in India. It was incorporated under the Companies Act, 1956 (‘the Act’) on 22 November 2010. The Company is primarily engaged in manufacture of Toilet Soaps, Fatty Acids and Fatty Alcohols. The Company has operations worldwide and caters to both domestic and international markets.
The Company was demerged from VVF Limited vide the scheme of arrangement approved by the Bombay High Court, effective from 1 June 2012.
Vita Biopharma Private Limited (‘VBPL’) was amalgamated into VVF (India) Limited vide the scheme of arrangement approved by the Bombay High Court, effective from 23 August 2013.
FINANCIAL RESULTS
The Company reported total Income at INR 17206.070 million for FY 2015-16 as against INR 18463.130 million for FY 2014-15. Similarly the exports for the year were at INR 4028.170 million for FY 2015-16 v/s INR 7054.940 million for FY 2014-15. Earnings before Interest Depreciation and Taxes stood at INR 656.580 million in FY 2015-16 as compared to INR 236.300 million in FY 2014-15. The total income and exports were lower on account of softer oil prices.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Foreign currency term loans from others |
0.000 |
46.900 |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
10.520 |
0.000 |
|
Total |
10.520 |
46.900 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G34750919 |
100075041 |
Bank of India |
06/01/2017 |
- |
1631600000.0 |
MUMBAI LARGE CORPORATE BRANCH, BOI BLDG, M G ROAD, FORT MUMBAI MAHARASHTRA 400023 INDIA |
|
2 |
C22018121 |
10521498 |
State Bank of Patiala |
11/09/2014 |
- |
400000000.0 |
ATLANTA, 1ST FLOOR, JAMNALAL BAJAJ MARG, NARIMAN POINT MUMBAI MAHARASHTRA 400021 INDIA |
|
3 |
C17915901 |
10516491 |
The Federal Bank Limited |
31/07/2014 |
- |
150000000.0 |
EXPRESS TOWER, GROUND FLOOR NARIMAN POINT MUMBAI MAHARASHTRA 400021 INDIA |
|
4 |
C17809690 |
10516405 |
Axis Bank Limited |
31/07/2014 |
- |
250000000.0 |
AXIS HOUSE, WADIA INTERNATIONAL CENTRE P.B. BUDHAKAR MARG, WORLI MUMBAI MAHARASHTRA 400005 INDIA |
|
5 |
C10022622 |
10507257 |
Central Bank of India |
11/06/2014 |
- |
1250000000.0 |
CORPORATE FINANCE BRANCH NARIMAN POINT, MUMBAI MAHARASHTRA 400021 INDIA |
|
6 |
C17913872 |
10505517 |
IDBI Bank Limited |
02/06/2014 |
31/07/2014 |
500000000.0 |
IDBI TOWER, PLOT NO. C7, 5TH FLOOR, G BLOCK, BANDRA KURLA COMPLEX, OPP. NSE BLDG. MUMBAI MAHARASHTRA 400051 INDIA |
|
7 |
C17825753 |
10505497 |
Bank of India |
02/06/2014 |
31/07/2014 |
500000000.0 |
MUMBAI LARGE CORPORATE BRANCH ORIENTAL BUILDING, 364, D N ROAD, FORT MUMBAI MAHARASHTRA 400001 INDIA |
|
8 |
C03534872 |
10437124 |
Bank of India |
02/07/2013 |
25/03/2014 |
500000000.0 |
MUMBAI LARGE CORPORATE BRANCH ORIENTAL BUILDING, 364, D N ROAD, FORT MUMBAI MAHARASHTRA 400001 INDIA |
|
9 |
B75054379 |
10425699 |
CENTRAL BANK OF INDIA |
17/04/2013 |
- |
400000000.0 |
CORPORATE FINANCE BRANCH, CHANDER MUKHI, GROUND FLOOR, NARIMAN POINT MUMBAI MAHARASHTRA 400021 INDIA |
|
10 |
C03721289 |
10415957 |
ICICI Bank Limited |
25/03/2013 |
25/03/2014 |
800000000.0 |
ICICI BANK TOWER BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer software
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 65.08 |
|
UK Pound |
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYTK |
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.