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|
MIRA INFORM REPORT
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Report No. : |
500032 |
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Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT AMBUJA EXPORTS LIMITED |
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Registered Office
: |
Opposite Sindhu Bhavan, Sindhu Bhavan Road, Bodakdev, P.O. Thaltej, Ahmedabad – 380059, Gujarat |
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Tel. No.: |
91-79-6155667 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
21.08.1991 |
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Com. Reg. No.: |
04-016151 |
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Capital
Investment / Paid-up Capital : |
INR 229.300 Million |
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CIN No.: [Company Identification
No.] |
L15140GJ1991PLC016151 |
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IEC No.: [Import-Export Code No.] |
0891013041 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACG3980A |
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GSTN : [Goods & Service Tax
Registration No.] |
24AAACG3980A1Z3 |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is mainly engaged in following segments:
(Registered Activity) |
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No. of Employees
: |
3008 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 24000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Gujarat Ambuja Exports Limited was incorporated in the year 1991. It is mainly engaged in three segments: i) Agro processing for solvent extraction and oil refining (mainly soya bean) ii) Maize processing through corn wet milling for manufacturing of unmodified starch and other downstream value added derivatives and iii) Cotton yarn manufacturing iv) Power Generation through wind mills, Bio-Gas and Thermal Plants. As per the financial year 2017, the company has achieved growth in its revenue by 21.71% as compared to the previous year along with an average profit margin of 4.69%. The sound financial risk profile of the company is marked by robust net worth base along with strong debt coverage metrics due to low debt metrics due to negligible debt balance sheet profile. As per quarterly financials of December 2017, the company achieved revenue of INR 10134.000 million along with 632.000 million. Rating takes into consideration the subject’s healthy Earnings Per Share of INR 11.50 against the Face Value of INR 2
In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank Facilities = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
24.01.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
24.01.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 28.03.2017.
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 (GENERAL DETAILS)
|
Name : |
Mr. Sanjay Parmar |
|
Designation : |
H. R. Head |
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Contact No.: |
91-2772-226252-54 |
|
Date : |
23.03.2018 |
LOCATIONS
|
Registered Office / Corporate Office: |
Opposite Sindhu Bhavan, Sindhu Bhavan Road, Bodakdev, P.O. Thaltej, Ahmedabad – 380059, Gujarat, India |
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Tel. No.: |
91-79-61556677 |
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Fax No.: |
91-79-61556678 |
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E-Mail : |
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Website : |
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FACTORY: |
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Cotton Yarn
Division/ Maize Processing Unit : |
1, Vrindavan Road, Village Dalpur, Taluka Prantij District Sabarkantha, Gujarat, India |
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Tel. No.: |
91-2772-226252-54 |
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Fax No.: |
91-2772-226250 |
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E-Mail : |
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Maize Processing
Unit : |
C-50, Eldeco Sidcul Industrial Park, Sitargang, District Udhamsingh Nagar – 263153, Uttaranchal, India |
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Tel. No.: |
91-5948-260564 |
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E-Mail : |
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Soya Processing /
Edible Oil / Vanaspati Ghee / Cattle Feed / Flour Mill Unit: |
Kadi-Thore Road, Mehsana, Kadi – 382715, Gujarat, India |
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Tel. No.: |
91-2764-264013/ 14/ 15/ 16 |
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Fax No.: |
91-2764-264012 |
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E-Mail : |
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Soya Processing /
Atta Chakki Unit : |
Plot No. : 414-417, Sector-III, Pithampur Industrial Area, District Dhar, Madhya Pradesh, India |
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Tel. No.: |
91-7292-256790/ 256264 |
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Fax No.: |
91-7292-256199 |
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E-Mail : |
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Soya Processing /
Edible Oil Unit : |
Village Post : Kanheri, Gawali, N.H. No.6, Akola-Balapur Road,
Taluka Balapur, |
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Tel. No.: |
91-7257-285026/ 285027 |
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Fax No.: |
91-7257-285025 |
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E-Mail: |
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Soya Processing / Edible Oil Unit : |
Village Sondhani
Mhow - Neemuch Road, Sondhani, District Mandsaur – 458001, Madhya Pradesh,
India |
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Tel. No.: |
91-7422-285237/ 285238 |
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E-Mail: |
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Maize Processing Unit : |
Madli Cross P.B. Road, 37 km from Hubli Towards Bangalore Haveri, Shiggoan - 581205, Karnataka, India |
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Tel. No.: |
91-836-2382432 |
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Fax No.: |
91-836-2382433 |
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E-Mail: |
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Power Division I
– Wind Mills |
·
B-87, R S No. 471/P, Village Lamba, Taluka
Kalyanpur, District Jamnagar, Gujarat, India ·
WTG No. 1,Machine No.1, Survey No. 400, Village
Kuranga, Taluka Dwarka, District Jamnagar, Gujarat, India ·
WTG No. 2, Machine No.2, Survey No. 400, Village
Kuranga, Taluka Dwarka, District Jamnagar, Gujarat, India ·
WTG No. 3, Machine No. 6, Survey No. 400, Village
Kuranga, Taluka Dwarka, District Jamnagar, Gujarat, India ·
Survey No.213/2, Village Satapar, Taluka
Kalyanpur, District Jamnagar, Gujarat, India ·
WTG No.1, V-4, Survey No. 43/1/P Village
Motisindhodi, Taluka Abdasa, District Kutch, Gujarat, India ·
WTG No.2, V-7, Survey No. 36/2/P, Village
Motisindhodi, Taluka Abdasa, District Kutch, Gujarat, India ·
Survey No. 115/P, Village Mindiyali, Taluka
Anjar, District Kutch, Gujarat, India |
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II – Power Plant
(11 MW Cogeneration Plant) : |
Located at : · Himmatnagar · Shiggaon |
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III – Biogas Power
Plants : |
Located at : · Himmatnagar · Sitarganj · Shiggaon |
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Branch Offices : |
Located
at : · Mumbai · New Delhi · Indore · Akola ·
Vietnam |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rohitbhai Jashbhai Patel |
|
Designation : |
Director |
|
Address : |
7, Anand Park, Naranpura, Ahmedabad - 380013, Gujarat, India |
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Date of Birth/Age : |
22.02.1946 |
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Qualification : |
B. E. [Electrical] |
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Date of Appointment : |
30.07.2005 |
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DIN No.: |
00012367 |
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Name : |
Mr. Sandeep Agrawal |
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Designation : |
Whole-Time Director |
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Address : |
302, Sankalp Grace, Behind Rajpath Club, Near Satyam House, Bodakdev, Ahmedabad - 380054, Gujarat, India |
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Date of Birth/Age : |
12.12.1971 |
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Qualification : |
Commerce Graduate and MBA. |
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Experience : |
More than 21 Years |
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Date of Appointment : |
07.01.1995 |
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DIN No.: |
00027244 |
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Name : |
Mr. Vijaykumar Durgaprasad Gupta |
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Designation : |
Managing Director |
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Address : |
8 Pratima Society, Near Dada Saheb Na Pagla, Navrangpura, Ahmedabad - 380009, Gujarat, India |
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Date of Birth/Age : |
65 Years |
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Qualification : |
B. DS |
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Experience : |
42 Years |
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Date of Appointment : |
21.08.1991 |
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DIN No.: |
00028173 |
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Name : |
Mr. Manish Vijaykumar Gupta |
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Designation : |
Managing Director |
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Address : |
8 Pratima Society, Near Dada Saheb Na Pagla, Navrangpura, Ahmedabad - 380009, Gujarat, India |
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Date of Birth/Age : |
42 Years |
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Qualification : |
B. Com |
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Experience : |
23 Years |
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Date of Appointment : |
28.12.2013 |
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DIN No.: |
00028196 |
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Name : |
Mrs. Sulochana Vijaykumar Gupta |
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Designation : |
Director |
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Address : |
8 Pratima Society Near Dada Saheb Na Pagla, Navrangpura, Ahmedabad - 380009, Gujarat, India |
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Date of Birth/Age : |
01.11.1953 |
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Experience : |
36 Years |
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Date of Appointment : |
21.08.1991 |
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DIN No.: |
00028225 |
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Name : |
Mr. Sudhin Bhagwandas Choksey |
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Designation : |
Director |
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Address : |
B - 601, Ratnakar, Lane Opposite 10C Petrol Pump, Off 132 Feet Ring Road, Satellite, Ahmedabad - 380015, Gujarat, India |
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Date of Appointment : |
06.02.2012 |
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DIN No.: |
00036085 |
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Name : |
Mr. Sandeep Mohanraj Singhi |
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Designation : |
Director |
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Address : |
B-1102, Sundarvan Epitome, Behind, Sundervan, Near Red Briks School, Jodhpur, Ahmedabad-380015, Gujarat, India |
|
Date of Appointment : |
30.04.2016 |
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DIN No.: |
01211070 |
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Name : |
Mr. Vishwavir Saran Das |
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Designation : |
Additional Director |
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Address : |
8, Bank House, 156, Backbay, Reclamation, Mumbai-400020, Maharashtra, India |
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Date of Appointment : |
01.04.2016 |
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DIN No.: |
03627147 |
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Name : |
Mr. Rashmikant Navinchandra Joshi |
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Designation : |
Director |
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Address : |
51, Sangrila Bungalows, Thaltej(Ct), Taluka - Daskroi, Ahmedabad - 380059, Gujarat, India |
|
Date of Appointment : |
15.09.2014 |
|
DIN No.: |
06930067 |
KEY EXECUTIVES
|
Name : |
Mr. Chetna Prabhatkumar Dharajiya |
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Designation : |
Secretary |
|
Address : |
97, Umiya Nagar Society, Near Nirnaynagar Sector-2, Rani, Ahmedabad - 382480, Gujarat, India |
|
PAN No : |
AKDPD5975A |
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Date of Appointment : |
13.08.2015 |
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|
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|
Name : |
Mr. Samir Shah |
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Designation : |
Account Department |
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|
Name : |
Mr. Dinesh Chhabildas Shah |
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Designation : |
Chief Finance Officer |
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Address : |
30, Satyam B Lows, Opposite Auda Garden Sarkari Vasahat Road, Vastrapur Ahmedabad-380054, Gujarat, India |
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PAN No : |
AHZPS0648C |
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Date of Appointment : |
30.07.2016 |
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Audit Committee : |
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Nomination and
Remuneration Committee : |
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Stakeholders
Relationship Committee : |
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Share Transfer
Committee : |
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Corporate Social
Responsibility Committee : |
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Risk Management
Committee : |
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Investment
Committee : |
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Internal Committee
Of Directors |
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Chief Financial
Officer : |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on December, 2017
|
Category of
shareholder |
No. of fully paid
up equity shares held |
Shareholding as a %
of total no. of shares |
|
|
(A) Promoter and Promoter Group |
75616951 |
65.94 |
|
|
(B) Public |
39050714 |
34.06 |
|
|
Grand Total |
114667665 |
100.00 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER
GROUP
|
Category of
shareholder |
No. of fully paid
up equity shares held |
Shareholding as a %
of total no. of shares |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu undivided Family |
75616951 |
65.94 |
|
|
VIJAYKUMAR GUPTA |
26523083 |
23.13 |
|
|
MANISH GUPTA |
37585230 |
32.78 |
|
|
SULOCHANA GUPTA |
4485385 |
3.91 |
|
|
SHILPA GUPTA |
7023253 |
6.12 |
|
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Sub Total A1 |
75616951 |
65.94 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
75616951 |
65.94 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER
|
Category of
shareholder |
No. of fully paid
up equity shares held |
Shareholding as a %
of total no. of shares |
|
|
B1) Institutions |
0 |
0.00 |
|
|
Mutual Funds/ |
61045 |
0.05 |
|
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Foreign Portfolio Investors |
484287 |
0.42 |
|
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Financial Institutions/ Banks |
21947 |
0.02 |
|
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Sub Total B1 |
567279 |
0.49 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0 |
0.00 |
|
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B3) Non-Institutions |
0 |
0.00 |
|
|
Individual share capital upto Rs. 2 Lacs |
26025002 |
22.70 |
|
|
Individual share capital in excess of Rs. 2 Lacs |
3072688 |
2.68 |
|
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Any Other (specify) |
9385745 |
8.19 |
|
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Director or Director's Relatives |
5750 |
0.01 |
|
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Bodies Corporate |
3971553 |
3.46 |
|
|
IEPF |
4494755 |
3.92 |
|
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LLP |
160838 |
0.14 |
|
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Foreign Individuals |
747124 |
0.65 |
|
|
Trusts |
5725 |
0.00 |
|
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Sub Total B3 |
38483435 |
33.56 |
|
|
B=B1+B2+B3 |
39050714 |
34.06 |
BUSINESS DETAILS
|
Line of Business : |
Subject is mainly engaged in following segments:
(Registered Activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
3008 (Approximately) |
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Bankers : |
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Facilities : |
NOTE : LONG-TERM
BORROWINGS
SHORT-TERM
BORROWINGS : Working Capital, Suppliers Line of Credit from Banks in Foreign Currency and Short Term Loan from banks are secured by a hypothecation of current assets and certain tangible movable plant and machinery and joint equitable mortgage of certain immovable fixed assets of the Company, personal guarantee of three promoter directors and lien on certain Fixed Deposits of the Company. |
|
Auditors : |
|
|
Name : |
Kantilal Patel and
Company (A member firm of PrimeGlobal, USA). Chartered Accountants |
|
Address : |
2nd Floor, |
|
Tel. No.: |
91-79-27551333/ 27552333 |
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Mobile No.: |
91-79-27550538 |
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E-Mail : |
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Website : |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary : |
Gujarat Ambuja International Pte. Limited, Singapore |
|
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|
Enterprise significantly influenced by Key Managerial Persons : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
INR 2/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
114667665 |
Equity Shares |
INR 2/- each |
INR 229.335 Million |
|
|
|
|
|
Reconciliation of the number of shares outstanding at the beginning and the
end of the reporting period:
|
Equity shares |
As At 31st March 2017 |
|
|
|
Number of share |
Amount |
|
Outstanding at the beginning of the period |
138351875 |
276.704 |
|
Less: Buy-Back during the year |
23684210 |
4.74 |
|
Outstanding at the
end of the period |
114667665 |
229.300 |
Terms/rights attached to equity shares
i) The company has only class of equity shares carrying par value of INR 2 per share, carrying equal rights as to dividend, voting and in all other respects.
ii) The Company has carried out the Buyback of 23684210 equity shares of the Company at a price of INR 95 per equity share for a total consideration of INR 2250.000 Million. The shares bought back have been duly extinguished as on 29th March, 2017.
Details of
shareholders holding more than 5% shares in the company.
|
|
As At 31st March 2017 |
|
|
Equity shares of
INR 2 each fully paid |
No. Shares Held |
% Holding in the class |
|
Name of the Shareholder |
|
|
|
Vijay Kumar Gupta |
26523083 |
23.13 |
|
Manish V Gupta |
37585230 |
32.78 |
|
Mohit V Gupta |
266574 |
0.23 |
|
Shiplap M Gupta |
7023253 |
6.12 |
As per records of the company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents legal ownerships of shares.
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
229.300 |
276.700 |
276.700 |
|
(b) Reserves &
Surplus |
8301.700 |
8929.500 |
7982.300 |
|
(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) |
8531.000 |
9206.200 |
8259.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
144.800 |
217.200 |
249.100 |
|
(b) Deferred tax
liabilities (Net) |
364.000 |
390.600 |
550.800 |
|
(c) Other long term
liabilities |
86.800 |
68.400 |
36.200 |
|
(d) long-term provisions |
40.700 |
34.700 |
0.000 |
|
Total Non-current
Liabilities (3) |
636.300 |
710.900 |
836.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6139.000 |
2995.500 |
2781.600 |
|
(b) Trade payables |
1015.100 |
833.500 |
628.500 |
|
(c) Other current liabilities |
699.700 |
366.200 |
278.400 |
|
(d) Short-term provisions |
67.200 |
57.600 |
45.400 |
|
Total Current Liabilities
(4) |
7921.000 |
4252.800 |
3733.900 |
|
|
|
|
|
|
TOTAL |
17088.300 |
14169.900 |
12829.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6062.800 |
5671.100 |
5417.000 |
|
(ii) Intangible Assets |
8.500 |
9.800 |
10.900 |
|
(iii) Capital
work-in-progress |
1586.500 |
1027.100 |
629.400 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
478.300 |
464.900 |
424.400 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
343.500 |
|
(e) Other Non-current
assets |
216.700 |
193.200 |
2.400 |
|
Total Non-Current Assets |
8352.800 |
7366.100 |
6827.600 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
313.800 |
100.000 |
|
(b) Inventories |
6243.500 |
4307.500 |
4436.900 |
|
(c) Trade receivables |
2077.800 |
1737.000 |
1080.700 |
|
(d) Cash and cash
equivalents |
57.900 |
83.200 |
55.900 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
290.900 |
|
(f) Other current assets |
356.300 |
362.300 |
37.000 |
|
Total Current Assets |
8735.500 |
6803.800 |
6001.400 |
|
|
|
|
|
|
TOTAL |
17088.300 |
14169.900 |
12829.000 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
33790.700 |
27764.400 |
25313.000 |
|
|
Other Income |
181.600 |
102.500 |
91.300 |
|
|
TOTAL |
33972.300 |
27866.900 |
25404.300 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
23238.900 |
17594.300 |
16813.300 |
|
|
Purchases of
Stock-in-Trade |
3930.100 |
3964.500 |
2164.400 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(935.900) |
5.700 |
851.300 |
|
|
Excise duty on sales of goods |
482.600 |
399.600 |
0.000 |
|
|
Employees benefits
expense |
913.400 |
791.600 |
762.000 |
|
|
Other expenses |
3407.400 |
3156.300 |
3076.000 |
|
|
TOTAL |
31036.500 |
25912.000 |
23667.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2935.800 |
1954.900 |
1737.300 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
227.900 |
99.100 |
150.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2707.900 |
1855.800 |
1587.300 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
714.200 |
661.700 |
609.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1993.700 |
1194.100 |
977.600 |
|
|
|
|
|
|
|
Less |
TAX |
408.200 |
189.800 |
135.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1585.500 |
1004.300 |
841.700 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
2696.100 |
3006.400 |
|
|
TOTAL EARNINGS |
NA |
2696.100 |
3006.400 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
8044.100 |
2953.500 |
|
|
Components and Stores
parts |
NA |
18.500 |
7.100 |
|
|
Capital Goods |
NA |
252.600 |
171.700 |
|
|
TOTAL IMPORTS |
NA |
8315.200 |
3132.300 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11.5 |
7.26 |
6.08 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
72.400 |
72.400 |
62.300 |
|
Cash generated from operations |
1034.200 |
1558.400 |
2711.700 |
|
Net cash flow from operating activity |
567.300 |
1373.500 |
2535.200 |
QUARTERLY RESULTS
|
Particulars |
30.06.2017 |
30.09.2017 |
31.12.2017 |
|
Audited / Unaudited |
Unaudited |
Unaudited |
Unaudited |
|
|
1st Quarter |
2nd Quarter |
3rd Quarter |
|
Net Sales |
7026.500 |
7705.400 |
10134.000 |
|
Total Expenditure |
6628.600 |
7228.900 |
9060.000 |
|
PBIDT (Excl OI) |
397.900 |
476.500 |
1074.000 |
|
Other Income |
10.300 |
40.100 |
71.600 |
|
Operating Profit |
408.200 |
516.600 |
1145.600 |
|
Interest |
24.200 |
41.300 |
46.000 |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
384.000 |
475.300 |
1099.600 |
|
Depreciation |
182.500 |
187.600 |
193.500 |
|
Profit Before Tax |
201.500 |
287.700 |
906.100 |
|
Tax |
33.100 |
78.300 |
274.100 |
|
Provisions and contingencies |
NA |
NA |
NA |
|
Profit After Tax |
168.400 |
209.400 |
632.000 |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
168.400 |
209.400 |
632.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
22.44 |
22.84 |
15.58 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
16.26 |
15.98 |
23.42 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
13.64 |
14.11 |
12.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.47 |
0.45 |
0.39 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.38 |
0.29 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.48 |
0.32 |
0.32 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.75 |
0.36 |
0.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.93 |
0.46 |
0.45 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.90 |
0.73 |
0.73 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
12.88 |
19.73 |
11.58 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
4.69 |
3.62 |
3.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.28 |
7.09 |
6.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.59 |
10.91 |
10.19 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.10 |
1.60 |
1.61 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.31 |
0.59 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.50 |
0.65 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
27.72 |
11.87 |
11.18 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.10 |
1.60 |
1.61 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 2.00/- each |
|
Market Value |
INR 242.45/- each |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
276.700 |
276.700 |
229.300 |
|
Reserves & Surplus |
7982.300 |
8929.500 |
8301.700 |
|
Net
worth |
8259.000 |
9206.200 |
8531.000 |
|
|
|
|
|
|
Long Term borrowings |
249.100 |
217.200 |
144.800 |
|
Short Term borrowings |
2781.600 |
2995.500 |
6139.000 |
|
Current Maturities of Long term debt |
62.300 |
72.400 |
72.400 |
|
Total
borrowings |
3093.000 |
3285.100 |
6356.200 |
|
Debt/Equity
ratio |
0.375 |
0.357 |
0.745 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
25313.000 |
27764.400 |
33790.700 |
|
|
|
9.684 |
21.705 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
25313.000 |
27764.400 |
33790.700 |
|
Profit |
841.700 |
1004.300 |
1585.500 |
|
|
3.33% |
3.62% |
4.69% |
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a)
Share Capital |
|
|
276.700 |
|
(b)
Reserves & Surplus |
|
|
8887.300 |
|
(c)
Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(d)
Share Application money pending allotment |
|
|
0.000 |
|
(2)
Minority Interest |
|
|
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
|
9164.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
|
|
217.200 |
|
(b)
Deferred tax liabilities (Net) |
|
|
557.100 |
|
(c)
Other long term liabilities |
|
|
0.000 |
|
(d)
long-term provisions |
|
|
43.900 |
|
Total Non-current Liabilities (3) |
|
|
818.200 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
2995.500 |
|
(b)
Trade payables |
|
|
833.500 |
|
(c) Other
current liabilities |
|
|
346.100 |
|
(d)
Short-term provisions |
|
|
54.200 |
|
Total Current Liabilities (4) |
|
|
4229.300 |
|
|
|
|
|
|
TOTAL |
|
|
14211.500 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
5613.400 |
|
(ii)
Intangible Assets |
|
|
9.800 |
|
(iii)
Capital work-in-progress |
|
|
1005.700 |
|
(iv)
Goodwill |
|
|
0.000 |
|
(b)
Non-current Investments |
|
|
411.600 |
|
(c) Deferred
tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
359.700 |
|
(e)
Other Non-current assets |
|
|
0.900 |
|
Total Non-Current Assets |
|
|
7401.100 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
313.600 |
|
(b)
Inventories |
|
|
4307.500 |
|
(c)
Trade receivables |
|
|
1737.100 |
|
(d)
Cash and cash equivalents |
|
|
83.200 |
|
(e)
Short-term loans and advances |
|
|
288.400 |
|
(f)
Other current assets |
|
|
80.600 |
|
Total Current Assets |
|
|
6810.400 |
|
|
|
|
|
|
TOTAL |
|
|
14211.500 |
PROFIT & LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
27364.800 |
|
|
Other
Income |
|
|
103.100 |
|
|
TOTAL |
|
|
27467.900 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of
Materials Consumed |
|
|
17594.300 |
|
|
Purchases
of Stock-in-Trade |
|
|
3964.500 |
|
|
Changes
in inventories of finished goods, work-in-progress and Stock-in-Trade |
|
|
5.700 |
|
|
Employees
benefits expense |
|
|
786.900 |
|
|
Exchange
Fluctuation |
|
|
53.800 |
|
|
Other
expenses |
|
|
3084.500 |
|
|
TOTAL |
|
|
25489.700 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST,
TAX, DEPRECIATION AND AMORTISATION |
|
|
1978.200 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
99.100 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
1879.100 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
|
|
651.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
1227.800 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
191.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
1036.600 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (INR) |
|
|
7.49 |
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 |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BUSINESS OPERATIONS/ STATE
OF THE COMPANY’S AFFAIRS
Operational
Performance
The Company recorded operational revenue of INR 33790.700 Million as compared to INR 27764.400 Million during the previous financial year. The various profit parameters have significant growth during the year. The Company achieved EBIDTA margin of 8.69% in F.Y. 2016-17 against the same at the level of 7.04% in F.Y. 2015-16. Export Sales for the F.Y. 2016-17 was INR 2590.000 Million as compared to INR 2794.200 Million for the F.Y. 2015-16 mainly due to availability of more remunerative prices in domestic market. The Company achieved Earnings before Interest, Depreciation and Tax (EBIDTA) of INR 2935.800 Million for the F.Y. 2016-17 against that of INR 1954.900 Million for the F.Y. 2015-16. The cash profit before tax, profit after tax and earning per share for the year remained at INR 2707.900 Million, INR 1585.500 Million and INR 11.50 per share respectively.
Capital Projects for
the year 2016-17
The Company has undertaken a comprehensive review of the manufacturing capacities and is under the process of setting up of corn milling unit of the Company at Chalisgaon, Maharashtra which is under final stage of commencement of commercial production. The Company has also carried out routine modernization and improvements at all of its manufacturing Units. The Board of Directors is proud to inform that the Company is ploughing back the retained earnings for the future growth and expansion of the Company.
New Project:
Your Company is glad to share with you that the corn milling unit of the Company at Chalisgoan is under final stage of implementation and the commercial production is expected to commence soon in near future.
Outlook:
Overall, your Company remains confident and continues to see several opportunities in the agro based product and manufacturing activities and also expecting good monsoon during this current year. Thus your Company is confident of growth from each one its segment on the back of improving market conditions. Therefore the management has put in plans to enhance operating efficiencies, which will allow your Company to scale new heights in performance.
On behalf of the Board of Directors, I would like to take this opportunity to acknowledge the entire team of your Company for their contribution and commitment. Lastly, I am deeply thankful to our customers, business associates, suppliers, bankers and legal authorities for their loyalty and trust in us. Also my sincere appreciation to all our shareholders for continued support in our journey to create long-term value.
COMPANY INFORMATION:
Gujarat Ambuja Exports Limited (Company) is a Public Limited Company domiciled in India. The Company has its registered office at ‘‘Ambuja Tower’’, Opp. Sindhu Bhavan, Sindhu Bhavan Road, Bodakdev, P.O. Thaltej, Ahmedabad, Gujarat 380 059. The Company is an Agro Processing conglomerate with various manufacturing plants at different locations in States of Gujarat, Maharashtra, Madhya Pradesh, Uttarakhand and Karnataka. The Company’s product profile includes Solvent Extraction comprising of all types of Oil Seed Processing, Edible Oil Refining, Cotton Yarn Spinning, Maize based Starch and its derivatives, Wheat Processing / Cattle Feed and Power Generation through Wind Mills, Bio gas, Thermal Power and Solar Plant mainly for internal consumption. The Company’s shares are listed on BSE and NSE.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTH ENDED 31ST DECEMBER, 2017
|
|
|
Particulars |
31.12.2017 (Quarter Ended) |
30.09.2017 (Quarter Ended) |
31.12.2017 (Nine Months Ended) |
|
1 |
|
Income from
Operations |
|
|
|
|
|
|
Sales/Income from Operations (Gross) |
10134.000 |
7705.400 |
24865.900 |
|
|
|
b) Other Operating Income |
71.600 |
40.100 |
122.000 |
|
|
Total Income from Operations
(Net) |
10205.600 |
7745.500 |
24987.900 |
|
|
2 |
Expenses |
|
|
|
|
|
|
a) |
Cost of Materials consumed |
7308.300 |
5043.300 |
17220.800 |
|
|
b) |
Purchase of Stock-in-trade |
487.600 |
819.600 |
1912.500 |
|
|
c) |
Excise duty on sales of goods |
0.000 |
0.000 |
122.200 |
|
|
d) |
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(101.400) |
176.100 |
68.700 |
|
|
e) |
Employee benefit expenses |
287.700 |
218.400 |
698.900 |
|
|
f) |
Finance Costs |
46.000 |
41.300 |
111.500 |
|
|
g) |
Depreciation and amortization expense |
193.500 |
187.600 |
563.600 |
|
|
h) |
Other expenses |
1077.800 |
971.500 |
2894.400 |
|
|
Total Expenses |
9299.500 |
7457.800 |
23592.600 |
|
|
|
|
|
|
|
|
|
3 |
Profit before Tax |
906.100 |
287.700 |
1395.300 |
|
|
4 |
Tax Expense |
274.100 |
78.300 |
385.500 |
|
|
5 |
Net Profit for the
period after tax |
632.000 |
209.400 |
1009.800 |
|
|
|
|
|
|
|
|
|
6 |
Other Comprehensive Income |
|
|
|
|
|
i. |
Items that will not be
classified of profit or loss |
|
|
|
|
|
|
Remeasurement of defined benefits plan |
1.000 |
1.100 |
3.200 |
|
|
|
Income tax related to items no (i) above |
(0.400) |
(0.300) |
(1.100) |
|
|
ii. |
Income tax related
to items no above |
|
|
|
|
|
|
Effective portion of gain or loss on cash flow hedges |
0.000 |
0.000 |
0.000 |
|
|
|
Income tax related to items no (i) above |
0.000 |
0.000 |
0.000 |
|
|
|
Other Comprehensive Income |
0.600 |
0.800 |
1.600 |
|
|
|
|
|
|
|
|
|
|
Total
Comprehensive Income |
632.600 |
210.200 |
455.200 |
|
|
|
|
|
|
|
|
|
|
Paidup
Equity Share Capital |
229.300 |
229.300 |
229.300 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.51 |
1.83 |
8.81 |
|
NOTE :
1. The above standalone unaudited financial results have been reviewed by the Audit Committee of the Board at its meeting held on 3rd February, 2018 and approved and taken on record by the Board of Directors of the Company at its meeting held on February, 2018. Further, in accordance with the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, with the Stock Exchange, the Statutory Auditors have carried out Limited Review and the Review Report has been approved by the Board.
2. According to the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, revenue for the quarter ended 31a December,2016 was reported inclusive of excise duty. Goods and Service Tax ["GST"] has been implemented with effect from 1st July, 2017 which replaces Excise Duty and other input taxes. As per Ind AS 18, the revenue for the quarter ended 31st December,2017 is reported net of GST.
3. The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IND-AS) prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India.
4. Figures for the previous period have been regrouped/ rearranged wherever necessary.
STATEMENT OF ASSETS AND LIABILITIES
(INR
in Million)
|
SOURCES
OF FUNDS |
31.12.2017 (Quarter Ended) |
30.09.2017 (Quarter Ended) |
31.12.2017 (Nine Months Ended) |
|
|
|
|
|
|
|
|
|
|
( Net Sales/Income
from each Segment) |
|
|
|
|
(a) Cotton Yarn
Division |
652.900 |
692.900 |
1854.500 |
|
(b) Maize Processing
Division |
3384.100 |
3359.900 |
9854.500 |
|
(c) Other Agro
Processing Division |
6079.800 |
3628.200 |
13352.800 |
|
(d) Power Division |
17.200 |
24.400 |
74.100 |
|
Net Sales/ Income
from Operations |
10134.000 |
7705.400 |
25135.900 |
|
|
|
|
|
|
|
|
|
|
(Profit before Interest
and tax
from each Segment) |
|
|
|
|
(a) Cotton Yarn
Division |
(26.500) |
(43.900) |
(78.300) |
|
(b) Maize Processing
Division |
549.400 |
156.700 |
895.200 |
|
(c) Other Agro
Processing Division |
490.000 |
281.900 |
847.900 |
|
(d) Power Division |
7.900 |
15.600 |
46.400 |
|
Total |
1020.800 |
410.300 |
1711.200 |
|
Less: i Finance costs |
46.000 |
41.300 |
111.500 |
|
Less: ii Net unallocable(lncome)/Expenditure |
68.700 |
81.300 |
204.400 |
|
Less : iii Exceptional items |
0.000 |
0.000 |
0.000 |
|
Total Profit/(Loss)
Before Tax |
906.100 |
287.700 |
1395.300 |
|
|
|
|
|
|
|
|
|
|
(a) Cotton Yarn Division |
1798.600 |
1802.900 |
1798.600 |
|
(b) Maize Processing Division |
9957.600 |
9086.000 |
9957.600 |
|
(c) Other Agro Processing Division |
6866.200 |
4668.200 |
6866.200 |
|
(d) Power Division |
282.000 |
292.600 |
282.000 |
|
(e) Unallocable Assets |
730.200 |
714.300 |
730.200 |
|
Total Segment
Assets |
19634.600 |
16564.000 |
19634.600 |
|
|
|
|
|
|
|
|
|
|
(a) Cotton Yarn Division |
628.000 |
617.700 |
628.000 |
|
(b) Maize Processing Division |
1682.700 |
1288.400 |
1682.700 |
|
(c) Other Agro Processing Division |
977.500 |
789.000 |
977.500 |
|
(d) Power Division |
0.100 |
0.700 |
0.100 |
|
(e) Unallocable Assets |
6913.700 |
5067.600 |
6913.700 |
|
Total Segment
Liabilities |
10202.000 |
7763.400 |
10202.000 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Working Capital Facilities from Banks |
277.900 |
0.000 |
|
Short Term Loan from Banks |
140.000 |
0.000 |
|
Commercial paper |
796.300 |
0.000 |
|
|
|
|
|
Total |
1214.200 |
0.000 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C09659657 |
10506595 |
HDFC BANK LIMITED |
23/06/2014 |
- |
- |
400000000.0 |
HDFC HOUSE,NR. MITHAKHALI SIX ROADS, NAVRANGPURA,AHMEDABADGJ380009IN |
|
2 |
C52076114 |
10086124 |
BOI CONSORTIUM - BOI LEAD + UBI + HDFC BK + SBI + YES BK |
06/02/2008 |
17/04/2015 |
- |
10110600000.0 |
AHMEDABAD LARGE CORPORATE BRANCH2ND FLOOR BOI BUILDING BHADRAAHMEDABADGJ380001IN |
|
3 |
B56127038 |
10200803 |
BANK OF INDIA |
29/01/2010 |
- |
13/08/2012 |
75000000.0 |
AHMEDABAD CORPORATE BANKING BRANCH2ND FLOOR, BANK OF INDIA BUILDING, BHADRAAHMEDABADGJ380001IN |
|
4 |
B42657510 |
10022138 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD |
09/10/2006 |
15/03/2007 |
03/07/2012 |
39900000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDL110003IN |
|
5 |
B22502389 |
80024487 |
Bank of India |
05/08/2005 |
- |
08/10/2011 |
250000000.0 |
Ahmedabad Corporate Banking Branch2nd Floor, BOI Building, BhadraAhmedabadGJ380001IN |
|
6 |
A34192971 |
10022164 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD |
09/10/2006 |
- |
12/03/2008 |
74500000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDL110003IN |
|
7 |
A32258162 |
10014005 |
BANK OF INDIA PUNJAB NATIONAL BANK UNION BANK OF INDIA |
30/08/2006 |
22/03/2007 |
16/02/2008 |
6186500000.0 |
AHMEDABAD CORPORATE BANKING BRANCH BOI BUILDING2ND FLOOR BHADRAAHMEDABADGJ380001IN |
|
8 |
A04278131 |
90099932 |
BANK OF INDIA |
08/11/2004 |
23/11/2004 |
09/09/2006 |
6190000000.0 |
AHMEDABAD CORPORATE BANKING BRANCH2 ND FLOOR; BOI BUILDING ; BHADRAAHMEDABADGJ380001IN |
|
9 |
Y10189030 |
90099338 |
BANK OF INDIA |
14/03/2001 |
11/11/2003 |
04/02/2005 |
0.0 |
AHMEDABAD CORPORATE BANKING BRANCH2 ND FLOOR; BOI BUILDING ; BHADRAAHMEDABADGJ380001IN |
|
10 |
Y10189042 |
90099350 |
BANK OF INDIA |
24/03/2001 |
05/11/2003 |
04/02/2005 |
0.0 |
AHMEDABAD CORPORATE BANKING BRANCH2 ND FLOOR; BOI BUILDING ; BHADRAAHMEDABADGJ380001IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against the Company
/disputed liabilities not acknowledged as debts |
39.100 |
40.700 |
|
Disputed Statutory
Claims |
|
|
|
Excise, Customs, Service Tax and DGFT |
34.400 |
33.300 |
|
Income Tax |
|
|
|
Appeals preferred by Company |
-- |
16.400 |
|
Appeals preferred by Department |
22.000 |
5.600 |
|
Sales Tax, VAT, Entry Tax and Mandi Tax |
21.000 |
10.400 |
|
Others |
17.500 |
14.900 |
|
|
|
|
|
Total |
94.900 |
80.600 |
FIXED ASSETS
- Land
- Building
- Windmill/Solar
- Plant and Equipment
- Office Equipment
- Office Equipment-Computers
- Furniture and Fixture
- Vehicles
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 65.35 |
|
|
1 |
INR 87.71 |
|
Euro |
1 |
INR 77.06 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
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.