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|
|
%20-%20500611%2031-Mar-2018_files/image015.jpg){kind=small}
%20-%20500611%2031-Mar-2018_files/image016.jpg)
%20-%20500611%2031-Mar-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
500611 |
|
Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
K.P.R. MILL LIMITED QUANTUM KNITS (A UNIT OF K.P.R. MILL
LIMITED) |
|
|
|
|
Registered
Office : |
9 Gokul Buildings Ist Floor, A K S Nagar, Thadagam Road,
Coimbatore – 641001, Tamilnadu |
|
Tel. No.: |
91-422-2635550 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.03.2003 |
|
|
|
|
Com. Reg. No.: |
18-010518 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 369.479 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L17111TZ2003PLC010518 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
33AACCK0893N1Z9 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK0893N |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject produces Yarn, Knitted Fabric, Readymade Garments and Wind
Power. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Information declined 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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 31900000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2003. It is a producer of cotton
yarn, cotton knitted fabrics and garments. As per the financial records of 2017, the company has achieved a
favorable growth of 13.15% in its revenue as compared to the previous year’s revenue
and has gained a fair net margin of 10.74%. The rating takes into consideration the strong financial position of
the company marked by robust net worth base along with low debt balance sheet
profile and comfortable liquidity position. Rating takes into consideration the company’s satisfactory Earnings
Per Share (EPS) of INR 37.71 as against its Face Value (FV) of INR 5. The company has its share price trading at around INR 634 on BSE as on
March 29, 2018 as against the Face Value (FV) of INR 5. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE RATING |
|
Rating |
Long Term Loans = AA |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
03.01.2018 |
|
Rating Agency Name |
CARE RATING |
|
Rating |
Short Term Loans = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
03.01.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 31.03.2018.
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 BY
|
Name : |
Mr. Ranjith Kumar |
|
Contact No.: |
91-9750904403 |
|
Date : |
27.03.2018 |
Management Non-Cooperative [Tel. No.: 91-422-2635550]
LOCATIONS
|
Registered Office : |
9 Gokul Buildings Ist Floor, A K S Nagar, Thadagam Road,
Coimbatore – 641001, Tamilnadu, India |
|
Tel. No.: |
91-422-2635550 / 2478090 |
|
Fax No.: |
91-422-2478050 |
|
|
|
|
Corporate Office : |
1st Floor, Srivari Shrimat, 1045, Avinashi Road, Coimbatore
– 641018, Tamilnadu, India |
|
Tel. No.: |
91-422-2207777 |
|
Fax No.: |
91-422-2207778 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Plant 1 : |
Indiampalayam
Village, Sathyamangalam – 638454, Tamilnadu, India |
|
Tel. No.: |
91-4285-251490 |
|
|
|
|
Plant 2 : |
S.F.No.273,
Kittampalayam, Karumathampatti, Coimbatore–641659, Tamilnadu, India |
|
Tel. No.: |
91.421-2321000 |
|
|
|
|
Plant 3 : |
S.F.
No.525, Neelambur, Coimbatore – 641062, Tamilnadu, India |
|
Tel. No.: |
91-422-2625115 |
|
|
|
|
Plant 4 : |
S.F.No.181,
Kollupalayam, Arasur, Coimbatore – 641407, Tamilnadu, India |
|
Tel. No.: |
91-422-2635500 |
|
|
|
|
Plant 5 : |
252,
Periyar Colony, Tirupur – 641652, Tamilnadu, India |
|
Tel. No.: |
91-421-2259200 |
|
|
|
|
Plant 6 : |
SIPCOT
Industrial Area, Perundurai, Tamilnadu, India |
|
Tel. No.: |
91-4294-234800 |
|
|
|
|
Plant 7 : |
270
J, Periyar Colony, Tirupur – 641652, Tamilnadu, India |
|
Tel. No.: |
91-421-2259500 |
|
|
|
|
Plant 8 : |
S.F. No. 7, Avinashi Road, Thekkalur, Tirupur – 641654, Tamilnadu,
India |
|
|
|
|
Plant 9 : |
No. 460, Avinashi Main Road, Thekkalur, Tirupur – 641654, Tamilnadu,
India |
|
Tel. No.: |
|
|
|
|
|
Plant 10 : |
Tirunelveli,
Tenkasi, Theni and Coimbatore District, Tamilnadu, India |
|
|
|
|
Plant 11 : |
SIIPCOT
Industrial Area, Perundrai, Erode – 638052, Tamilnadu, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Karuppannagounder Sabapathy |
|
Designation : |
Director |
|
Address : |
88 Reliance Garden, 242 Trichy Road, Coimbatore – 641005,
Tamilnadu, India |
|
Date of Appointment : |
21.02.2007 |
|
DIN No.: |
00001794 |
|
|
|
|
Name : |
Mr. Chinnaappagounder Thirumurthy |
|
Designation : |
Director |
|
Address : |
69-1 Lml Colony 3rd Street, Ammankulam Road,
Pappanaickenpalayam, Coimbatore - 641037, Tamilnadu, India |
|
Date of Appointment : |
31.01.2011 |
|
DIN No.: |
00001991 |
|
|
|
|
Name : |
Mr. Kaliampudur Palanisamy Ramasamy |
|
Designation : |
Wholetime Director |
|
Address : |
No.72, Logamanya Street East R.S. Puram Coimbatore –
641002, Tamilnadu, India |
|
Date of Appointment : |
19.03.2003 |
|
DIN No.: |
00003736 |
|
|
|
|
Name : |
Mr. Sigamani Kalliampudur Palanisamydeiva |
|
Designation : |
Managing Director |
|
Address : |
Old No.5, New No.12 Park Avenue Tirupur – 641601,
Tamilnadu, India |
|
Date of Appointment : |
19.03.2003 |
|
DIN No.: |
00003744 |
|
|
|
|
Name : |
Mr. Coimbatore Ramasamy Anandakrishnan |
|
Designation : |
Wholetime Director |
|
Address : |
Door No.72, East Lokamanya Street R.S.Puram, Coimbatore –
641002, Tamilandu, India |
|
Date of Appointment : |
31.01.2011 |
|
DIN No.: |
00003748 |
|
|
|
|
Name : |
Mr. Kodumudi Narayanaswami Venkata Ramani |
|
Designation : |
Director |
|
Address : |
154- Kalidas Road, Ramnagar, Coimbatore – 641009,
Tamilnadu, India |
|
Date of Appointment : |
27.06.2008 |
|
DIN No.: |
00007931 |
|
|
|
|
Name : |
Mr. Arasampalayam Marappa Goudner Palanisamy |
|
Designation : |
Director |
|
Address : |
No.23, Krishna Colony MR Garden, Trichy Road,
Ramanathapuram, Coimbatore – 641005, Tamilnadu India |
|
Date of Appointment : |
22.02.2010 |
|
DIN No.: |
00112303 |
|
|
|
|
Name : |
Mr. Palanisamy Nataraj |
|
Designation : |
Managing Director |
|
Address : |
No.735, Avinashi Road, Coimbatore – 641018, Tamilnadu,
India |
|
Date of Appointment : |
19.03.2003 |
|
DIN No.: |
00229137 |
|
|
|
|
Name : |
Mr. Gobichettipalayam Periasamy Muniappan |
|
Designation : |
Director |
|
Address : |
Deputy Governer(retd), B-189 Sreevatsa Gardens
Mettupalayam Road, Thudiyalur, Coimbatore – 641043, Tamilnadu, India |
|
Date of Appointment : |
27.08.2014 |
|
DIN No.: |
01653599 |
|
|
|
|
Name : |
Mr. Sakthivel Erode Kandasamy |
|
Designation : |
Additional Director |
|
Address : |
5/12, Park Avenue, Avinashi Road, Tirupur – 641602,
Tamilnadu, India |
|
Date of Appointment : |
09.03.2016 |
|
DIN No.: |
01876822 |
|
|
|
|
Name : |
Mr. Sakthivel Erode Kandasamy |
|
Designation : |
Wholetime Director |
|
Address : |
5/12, Park Avenue, Avinashi Road, Tirupur – 641602,
Tamilnadu, India |
|
Date of Appointment : |
09.03.2016 |
|
DIN No.: |
01876822 |
|
|
|
|
Name : |
Mr. Ranganayaki |
|
Designation : |
Director |
|
Address : |
No 2, Dhanalakshmi Nagar, Coimbatore – 641015, Tamilandu,
India |
|
Date of Appointment : |
12.03.2015 |
|
DIN No.: |
07116244 |
|
|
|
|
Name : |
Mr. Selvakumar |
|
Designation : |
Wholetime Director |
|
Address : |
Site No. 100, Sornapuri Rich land, Rakkiyapalayam, Tirupur
– 641654, Tamilnadu, India |
|
Date of Appointment : |
27.07.2015 |
|
DIN No.: |
07228760 |
KEY EXECUTIVES
|
Name : |
Palaniappan Murugappan |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
No.301, Riverstone Ruby Apartments Vallar Nagar, Vadavalli
Coimbatore – 641041, Tamilnadu, India |
|
Date of Appointment : |
04.08.2014 |
|
PAN No.: |
AGAPM0892Q |
|
|
|
|
Name : |
Kandaswamy Pandurangan |
|
Designation : |
Company Secretary |
|
Address : |
1st Floor, 15/2, Murugan Nagar, Ramanathapuram, Coimbatore – 641045, Tamilnadu, India |
|
Date of Appointment : |
11.02.2008 |
|
PAN No.: |
AGCPK6226E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2017
|
Category of
shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
(A) Promoter & Promoter Group |
5,53,46,541 |
74.90 |
|
|
(B) Public |
1,85,49,243 |
25.10 |
|
|
Grand Total |
7,38,95,784 |
100.00 |
|
%20-%20500611%2031-Mar-2018_files/image020.gif)
Statement
showing shareholding pattern of the Promoter and Promoter Group
|
Category of
shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
|
|
|
Individuals/Hindu undivided Family |
5,33,09,379 |
72.14 |
|
|
K P Ramasamy |
1,59,50,000 |
21.58 |
|
|
P Nataraj |
1,59,50,000 |
21.58 |
|
|
N Jayanthi |
18,19,793 |
2.46 |
|
|
K P D Sigamani |
1,59,50,000 |
21.58 |
|
|
D Radhamani |
18,19,793 |
2.46 |
|
|
K R Parvathi |
18,18,380 |
2.46 |
|
|
C Ramasamy Anandakrishnan |
1,413 |
0.00 |
|
|
Any Other (specify) |
20,37,162 |
2.76 |
|
|
K P R Developers Limited |
20,37,162 |
2.76 |
|
|
Sub Total A1 |
5,53,46,541 |
74.90 |
|
|
A2) Foreign |
0.00 |
|
|
|
A=A1+A2 |
5,53,46,541 |
74.90 |
|
Statement
showing shareholding pattern of the Public shareholder
|
Category &
Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957 As a
% of (A+B+C2) |
|
|
B1) Institutions |
0.00 |
|
|
|
Mutual Funds/ |
90,05,596 |
12.19 |
|
|
Foreign Portfolio Investors |
21,56,673 |
2.92 |
|
|
Financial Institutions/ Banks |
14,915 |
0.02 |
|
|
Any Other (specify) |
1,071 |
0.00 |
|
|
FOREIGN NATIONALS |
1,071 |
0.00 |
|
|
Sub Total B1 |
1,11,78,255 |
15.13 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0.00 |
|
|
|
B3) Non-Institutions |
0.00 |
|
|
|
Individual share capital upto INR 0.200 Million |
45,98,659 |
6.22 |
|
|
Individual share capital in excess of INR 0.200 Million |
12,36,729 |
1.67 |
|
|
NBFCs registered with RBI |
34,372 |
0.05 |
|
|
Any Other (specify) |
15,01,228 |
2.03 |
|
|
Trusts |
8,296 |
0.01 |
|
|
Alternative Investment Fund |
2,298 |
0.00 |
|
|
NRI |
2,20,656 |
0.30 |
|
|
Clearing Members |
7,15,455 |
0.97 |
|
|
NRI – Non- Repat |
1,17,120 |
0.16 |
|
|
Bodies Corporate |
4,36,187 |
0.59 |
|
|
IEPF |
1,216 |
0.00 |
|
|
Sub Total B3 |
73,70,988 |
9.97 |
|
|
B=B1+B2+B3 |
1,85,49,243 |
25.10 |
|
BUSINESS DETAILS
|
Line of Business : |
Subject produces Yarn, Knitted Fabric, Readymade Garments and Wind
Power. [Registered
Activity] |
||||||||
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|
|
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|
Products : |
|
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|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
|
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|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||
|
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|
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|
Bankers : |
|
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
No. 41, Shanmuga Manram, Race Course, Coimbatore – 641018, Tamilnadu,
India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Enterprises owned
by key management Personnel/Directors of other relatives : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000000 |
Equity Shares |
INR 5/- each |
INR 450.000 Million |
|
1000000 |
7% Redeemable Cumulative Non-Convertible Preference Share |
INR 10/- each |
INR 100.000 Million |
|
|
Total |
|
INR 550.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
73895784 |
Equity Shares |
INR 5/- each |
INR 369.500
Million |
|
|
|
|
|
Term/Rights to Shares
Equity Shares
The Company has issued only one class of equity· hares; having a face value of INR 5 per share. The holder of each equity share is entitled 0 one vote per share. The Company declares and pays dividends in Indian rupees. The final dividend proposed by the Board of Directors is subject to the approval of the shareholders in the Annual General Meeting.
During the year, the amount of per share interim dividend paid to equity shareholders was Nil (31st March 2016. INR 9 per share) and per share final divided recommended for distribution to equity shareholders is INR 0.75 per share (31st March 2016 INR 1 Per Share)
In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after settling the dues of preferential and other creditors as per priority. The distribution will be in proportion to the number of equity shares held by the shareholders.
Reconciliation of the
shares outstanding at the beginning and at the end of the reporting period
equity share with voting rights.
|
Particulars |
31.03.2017 |
|
|
Number of shares |
INR In Million |
|
|
At the beginning of the year |
75365784 |
376.800 |
|
Less: Buyback |
1470000 |
7.300 |
|
Outstanding at the end of the year |
73895784 |
369.500 |
|
|
|
|
7% Redeemable
Cumulative Non-Convertible Preference Shares
|
Particulars |
31.03.2017 |
|
|
Number of shares |
INR In Million |
|
|
At the beginning of the year |
-- |
-- |
|
Less: Buyback |
-- |
-- |
|
Outstanding at the end of the year |
-- |
-- |
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
369.500 |
376.800 |
526.800 |
|
(b) Reserves & Surplus |
10811.100 |
9433.700 |
8257.200 |
|
(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) |
11180.600 |
9810.500 |
8784.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1119.600 |
1174.600 |
2150.700 |
|
(b) Deferred tax
liabilities (Net) |
555.400 |
586.700 |
600.400 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1675.000 |
1761.300 |
2751.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3075.000 |
4064.600 |
3451.800 |
|
(b) Trade payables |
1136.700 |
845.200 |
835.800 |
|
(c) Other current
liabilities |
935.200 |
815.500 |
1145.600 |
|
(d) Short-term provisions |
0.000 |
7.200 |
345.700 |
|
Total Current Liabilities
(4) |
5146.900 |
5732.500 |
5778.900 |
|
|
|
|
|
|
TOTAL |
18002.500 |
17304.300 |
17314.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9155.300 |
8934.000 |
9244.400 |
|
(ii) Intangible Assets |
4.600 |
7.600 |
0.000 |
|
(iii) Capital
work-in-progress |
20.800 |
3.400 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
882.900 |
780.600 |
798.800 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
77.600 |
80.800 |
845.800 |
|
(e) Other Non-current
assets |
728.500 |
833.400 |
5.800 |
|
Total Non-Current Assets |
10869.700 |
10639.800 |
10894.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3066.800 |
2663.200 |
2843.400 |
|
(c) Trade receivables |
2133.800 |
2596.500 |
2235.000 |
|
(d) Cash and cash
equivalents |
280.800 |
185.800 |
193.000 |
|
(e) Short-term loans and advances |
0.000 |
0.000 |
847.900 |
|
(f) Other current assets |
1651.400 |
1219.000 |
299.900 |
|
Total Current Assets |
7132.800 |
6664.500 |
6419.200 |
|
|
|
|
|
|
TOTAL |
18002.500 |
17304.300 |
17314.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
22191.400 |
19612.700 |
20804.800 |
|
|
Other Income |
271.200 |
342.100 |
218.900 |
|
|
TOTAL |
22462.600 |
19954.800 |
21023.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
13984.800 |
11972.300 |
13585.900 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(361.400) |
(60.100) |
215.100 |
|
|
Employees benefits
expense |
1941.300 |
1494.200 |
1285.300 |
|
|
Other expenses |
2170.200 |
2646.200 |
2153.100 |
|
|
TOTAL |
17734.900 |
16052.600 |
17239.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
4727.700 |
3902.200 |
3784.300 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
450.300 |
444.200 |
645.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
4277.400 |
3458.000 |
3139.300 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1174.300 |
1238.400 |
1258.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
3103.100 |
2219.600 |
1880.600 |
|
|
|
|
|
|
|
Less |
TAX |
718.900 |
658.200 |
420.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2384.200 |
1561.400 |
1459.800 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
6420.000 |
5439.700 |
4880.300 |
|
|
TOTAL EARNINGS |
6420.000 |
5439.700 |
4880.300 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
3684.800 |
1463.400 |
2684.200 |
|
|
Components and Stores
parts |
53.400 |
58.000 |
46.300 |
|
|
Capital Goods |
678.100 |
478.500 |
359.500 |
|
|
TOTAL IMPORTS |
4416.300 |
1999.900 |
3090.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
31.71 |
20.62 |
38.40 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
713.600 |
659.500 |
835.800 |
|
Cash generated from operations |
4692.600 |
3228.100 |
1531.800 |
|
Net cash flow from operating activity |
3977.900 |
2450.600 |
1061.800 |
QUARTERLY
RESULTS
|
PARTICULARS |
30.06.2017 1ST
Quarter |
30.09.2017 2nd
Quarter |
31.12.2017 3rd
Quarter |
|
|
Unaudited
|
Unaudited
|
Unaudited
|
|
Net Sales |
7465.600 |
7428.300 |
7145.100 |
|
Total Expenditure |
5950.400 |
6008.100 |
5833.600 |
|
PBIDT (Excl OI) |
1515.200 |
1420.200 |
1311.500 |
|
Other Income |
42.700 |
35.800 |
42.800 |
|
Operating Profit |
1557.900 |
1456.000 |
1354.300 |
|
Interest |
149.300 |
129.200 |
124.900 |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
1408.600 |
1326.800 |
1229.400 |
|
Depreciation |
381.700 |
352.900 |
337.500 |
|
Profit Before Tax |
1026.900 |
973.900 |
891.900 |
|
Tax |
296.000 |
238.900 |
185.100 |
|
Provisions and contingencies |
NA |
NA |
NA |
|
Profit After Tax |
730.900 |
735.000 |
706.800 |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
730.900 |
735.000 |
706.800 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
35.10 |
48.32 |
39.21 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
10.40 |
7.55 |
9.31 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
29.67 |
25.77 |
22.45 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.54 |
1.47 |
1.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.51 |
0.44 |
0.41 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.39 |
0.44 |
0.51 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.44 |
0.60 |
0.73 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.46 |
0.58 |
0.66 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.82 |
0.91 |
1.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.50 |
8.78 |
5.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.74 |
7.96 |
7.02 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.24 |
9.02 |
8.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
21.32 |
15.92 |
16.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.39 |
1.16 |
1.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.79 |
0.70 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.62 |
0.57 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
13.28 |
15.75 |
12.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.39 |
1.16 |
1.11 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 5.00/- |
|
Market Value |
INR 634.00/- |
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 |
526.800 |
376.800 |
369.500 |
|
Reserves & Surplus |
8257.200 |
9433.700 |
10811.100 |
|
Net worth |
8784.000 |
9810.500 |
11180.600 |
|
|
|
|
|
|
long-term borrowings |
2150.700 |
1174.600 |
1119.600 |
|
Short term borrowings |
3451.800 |
4064.600 |
3075.000 |
|
Current Maturities of
Long term debt |
835.800 |
695.500 |
713.600 |
|
Total borrowings |
6438.300 |
5934.700 |
4908.200 |
|
Debt/Equity ratio |
0.733 |
0.605 |
0.439 |
%20-%20500611%2031-Mar-2018_files/image022.gif)
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 |
20804.800 |
19612.700 |
22191.400 |
|
|
|
(5.730) |
13.148 |
%20-%20500611%2031-Mar-2018_files/image024.gif)
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 |
20804.800 |
19612.700 |
22191.400 |
|
Profit |
1459.800 |
1561.400 |
2384.200 |
|
|
7.02% |
7.96% |
10.74% |
%20-%20500611%2031-Mar-2018_files/image026.gif)
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
369.500 |
376.800 |
|
(b) Reserves &
Surplus |
|
12490.100 |
10629.200 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
12859.600 |
11006.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2113.600 |
2058.700 |
|
(b) Deferred tax liabilities
(Net) |
|
442.100 |
437.300 |
|
(c) Other long term
liabilities |
|
800.800 |
580.200 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
3356.500 |
3076.200 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
4737.800 |
6046.800 |
|
(b) Trade payables |
|
1660.200 |
2545.900 |
|
(c) Other current
liabilities |
|
1299.400 |
1133.700 |
|
(d) Short-term provisions |
|
0.000 |
7.200 |
|
Total Current Liabilities
(4) |
|
7697.400 |
9733.600 |
|
|
|
|
|
|
TOTAL |
|
23913.500 |
23815.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
13062.100 |
11521.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
20.800 |
347.700 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(v) Goodwill |
|
7.000 |
7.000 |
|
(b) Non-current
Investments |
|
118.800 |
16.500 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
328.700 |
1073.100 |
|
Total Non-Current Assets |
|
13537.400 |
12965.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
5329.900 |
5057.000 |
|
(c) Trade receivables |
|
3407.300 |
4194.100 |
|
(d) Cash and cash
equivalents |
|
476.400 |
457.000 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
1162.500 |
1142.400 |
|
Total Current Assets |
|
10376.100 |
10850.500 |
|
|
|
|
|
|
TOTAL |
|
23913.500 |
23815.800 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
28166.000 |
26005.200 |
|
|
Other Income |
|
274.900 |
238.900 |
|
|
TOTAL |
|
28440.900 |
26244.100 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
16336.500 |
14583.200 |
|
|
Purchases of
Stock-in-Trade |
|
909.900 |
1482.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(224.200) |
(136.200) |
|
|
Employees benefits
expense |
|
2783.000 |
2176.700 |
|
|
Other expenses |
|
2728.300 |
3203.800 |
|
|
TOTAL |
|
22533.500 |
21309.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
5907.400 |
4934.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
644.500 |
576.300 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
5262.900 |
4358.300 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
1493.900 |
1520.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
3769.000 |
2837.800 |
|
|
|
|
|
|
|
Less |
TAX |
|
900.800 |
730.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
2868.200 |
2107.100 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
38.17 |
27.87 |
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 |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
REVIEW OF OPERATIONS
Indian Textile Industry, one of the key drivers of Indian Economy, is passing through a positive phase. Their expanded Garment capacity has joined the mainstream. During the year, production levels at all segments of textiles have gone up. However, the steep decline in Cotton prices has impacted the yarn realization by around 10% over previous year. The up-trend in demand at the Garment Segment entailed the Company to achieve the reported Turnover, despite the challenges faced by the Spinning Segment. Evacuation issue at Power front in the State still continues. Cost of Power and Labour has gone up due to increase in Power charges & Minimum Wages by the Government. Comfortable cash flow enabled the Company to lower working capital loan and Finance cost. The Company earned a Cash Profit of INR 2720.000 Million and Cash EPS of INR 72 as against INR 2600.000 Million and INR 69 in the previous year. The favourable market trend and the enhanced Garment capacity would strengthen the prospects of the Company. Competing countries’ higher cost of production would further widen India’s stake at International Market.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49635824 |
100113571 |
Standard Chartered Bank |
05/07/2017 |
- |
- |
500000000.0 |
19, 3rd FloorRajaji Salai ,ChennaiTN600001IN |
|
2 |
G42129585 |
100049502 |
BANK OF BARODA |
24/08/2016 |
30/03/2017 |
- |
1000000000.0 |
Tiruppur Main Branch642,First Floor, Palladam Road,TiruppurTN641604IN |
|
3 |
G09550534 |
100044684 |
ICICI BANK LIMITED |
20/07/2016 |
- |
- |
700000000.0 |
NO.1090, CHERAN PLAZA,FIRST FLOOR, TRICHY ROAD,COIMBATORETN641018IN |
|
4 |
G09551060 |
100044686 |
PUNJAB NATIONAL BANK |
20/07/2016 |
- |
- |
700000000.0 |
774, OPPANAKARA STREETCOIMBATORETN641001IN |
|
5 |
G06226104 |
10591424 |
ICICI BANK LIMITED |
10/09/2015 |
24/06/2016 |
- |
1500000000.0 |
NO.1090, CHERAN PLAZA,FIRST FLOOR, TRICHY ROAD,COIMBATORETN641018IN |
|
6 |
C54979141 |
10572028 |
Citi Bank N.A. |
21/05/2015 |
- |
- |
720000000.0 |
Tristar Tower,657, Avinashi Road,CoimbatoreTN641037IN |
|
7 |
C50143098 |
10561606 |
IDBI BANK LIMITED |
13/04/2015 |
- |
- |
48500000.0 |
Excellence, 4 th Floor,104, Race Course Road,CoimbatoreTN641018IN |
|
8 |
C58477993 |
10525033 |
IDBI Bank Limited |
18/09/2014 |
19/06/2015 |
- |
225000000.0 |
Excellence, 4 th Floor,104, Race Course Road,CoimbatoreTN641018IN |
|
9 |
C05567391 |
10500976 |
Axis Bank Limited |
09/05/2014 |
- |
- |
500000000.0 |
No.1133,1135,1136, Avinashi RoadP N PalayamCoimbatoreTN641037IN |
|
10 |
G07500481 |
10445645 |
ICICI BANK LIMITED |
22/08/2013 |
24/06/2016 |
- |
500000000.0 |
NO.1090, CHERAN PLAZA,FIRST FLOOR, TRICHY ROAD,COIMBATORETN641018IN |
|
11 |
C43874635 |
10436754 |
ANDHRA BANK |
28/06/2013 |
23/01/2015 |
- |
1500000000.0 |
COIMBATORE BRANCHNO.17, MILL ROAD,COIMBATORETN641001IN |
|
12 |
C55835581 |
10219368 |
Bank of Baroda |
20/04/2010 |
25/05/2015 |
- |
2065000000.0 |
Tirupur Main Branch, 642, First Floor,Palladam Road,TirupurTN641604IN |
|
13 |
C54387303 |
10084045 |
IDBI BANK LIMITED |
01/11/2007 |
12/05/2015 |
- |
2750000000.0 |
4th Floor, ExcellenceNo.104, Race Course RoadCoimbatoreTN641018IN |
|
14 |
A23361108 |
80000632 |
ORIENTAL BANK OF COMMERCE |
28/11/2005 |
29/08/2007 |
- |
2450000000.0 |
35 & 36, BINNY COMPLEX,KUMARAN ROADTIRUPURTN641601IN |
|
15 |
B65121204 |
90002004 |
BANK OF INDIA |
21/09/2005 |
03/12/2012 |
- |
300000000.0 |
COIMBATORE MID CORPORATE BRANCH,FIRST FLOOR,CHAMBER TOWERS, 8/732, AVINASHI ROAD,COIMBATORETN641018IN |
|
16 |
C59159418 |
90001506 |
BANK OF INDIA AND OTHER MEMBER BANKS |
01/09/2003 |
22/06/2015 |
- |
1408200000.0 |
Chamber Towers, I Floor,8/732, Avinashi Road,CoimbatoreTN641018IN |
|
17 |
C59158642 |
90006847 |
Bank Of Baroda |
10/07/1997 |
22/06/2015 |
- |
1670000000.0 |
Tirupur Main Branch75/1, Kamaraj RoadTirupurTN641604IN |
|
18 |
G75912147 |
10229944 |
IDBI BANK LTD |
28/06/2010 |
- |
24/01/2018 |
300700000.0 |
72, MAYFLOWER'E' CASTLE, DR.BALASUNDARAM ROADCOIMBATORETN641018IN |
|
19 |
G75395319 |
10335486 |
KARNATAKA BANK LIMITED |
21/01/2012 |
- |
20/01/2018 |
247500000.0 |
184, ESWARAN KOVIL STREETTIRUPUR MAIN BRANCHTIRUPURTN641604IN |
|
20 |
G09460569 |
10247038 |
BANK OF INDIA |
06/10/2010 |
14/12/2011 |
26/07/2016 |
1150000000.0 |
COIMBATORE CORPORATE BANKING BRANCH, 1ST FLOOR,"CHAMBER TOWERS", 8/732 AVINASHI ROADCOIMBATORETN641018IN |
|
21 |
G07910102 |
10578079 |
ICICI Bank Limited |
01/07/2015 |
- |
30/06/2016 |
1000000000.0 |
No.1090, Cheran PlazaFirst Floor, Trichy RoadCoimbatoreTN641018IN |
|
22 |
C54321740 |
80010458 |
CORPORATION BANK |
29/12/2005 |
29/07/2008 |
13/05/2015 |
870000000.0 |
MANGALAM ROADTIRUPURTN641602IN |
|
23 |
C52453743 |
10341862 |
United Bank of India |
22/02/2012 |
- |
22/04/2015 |
500000000.0 |
TIRUPUR BRANCH, 61 & 62, T.S. PURAMVALIPALAYAMTIRUPURTN641601IN |
|
24 |
C52453446 |
10016670 |
United Bank of India |
28/08/2006 |
17/03/2012 |
22/04/2015 |
272800000.0 |
TIRUPUR BRANCH, 61 & 62, T.S. PURAMVALIPALAYAMTIRUPURTN641601IN |
|
25 |
C52452380 |
10217175 |
Karnataka Bank Ltd. |
24/02/2010 |
- |
21/04/2015 |
39888000.0 |
ESWARAN KOIL STREETMAIN BRANCHTIRUPURTN641604IN |
|
26 |
C52452968 |
10005773 |
Karnataka Bank Ltd. |
01/06/2006 |
02/12/2008 |
21/04/2015 |
450000000.0 |
TIRUPUR MAINESWARAN KOVIL STREETTIRUPURTN641604IN |
|
27 |
C50414788 |
10539949 |
ICICI BANK LIMITED |
12/12/2014 |
- |
08/04/2015 |
1000000000.0 |
No.1090, Cheran PlazaFirst Floor, Trichy RoadCoimbatoreTN641018IN |
|
28 |
C50418813 |
10000098 |
STATE BANK OF MYSORE |
23/01/2006 |
02/12/2008 |
30/03/2015 |
330000000.0 |
COIMBATORE MAIN BRANCH, 75-76OPPANAKARA STREETCOIMBATORETN641001IN |
|
29 |
C50415413 |
90007291 |
ORIENTAL BANK OF COMMERCE |
21/09/2005 |
02/12/2008 |
30/03/2015 |
750000000.0 |
NO.08, BHARATHI STREETVALIPALAYAMTIRUPURTN641601IN |
|
30 |
C41257155 |
10505392 |
ICICI Bank Limited |
19/06/2014 |
- |
12/01/2015 |
1000000000.0 |
No.1090, Cheran PlazaFirst Floor, Trichy RoadCoimbatoreTN641018IN |
|
31 |
C41255407 |
10070993 |
BANK OF BARODA |
27/08/2007 |
29/07/2008 |
31/12/2014 |
750000000.0 |
TIRUPUR MAIN BRANCH75/1, KAMARAJ ROADTIRUPURTN641604IN |
|
32 |
C41256405 |
10031387 |
Bank of Baroda |
20/12/2006 |
- |
31/12/2014 |
750000000.0 |
Tiruppur Main Branch75/1, Kamaraj Road,TirupurTN641604IN |
|
33 |
C04605481 |
10435820 |
ICICI BANKLIMITED |
28/06/2013 |
- |
08/05/2014 |
1000000000.0 |
NO.1090, CHERAN PLAZAFIRST FLOOR, TRICHY ROAD,COIMBATORETN641018IN |
|
34 |
B79302899 |
90008909 |
STATE BANK OF INDIA |
16/08/2001 |
15/12/2011 |
28/06/2013 |
161000000.0 |
Commercial Branch1443, Trichy RoadCoimbatoreTN641018IN |
|
35 |
B58520099 |
10084047 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
01/11/2007 |
- |
03/09/2012 |
112500000.0 |
BALAMURUGAN COMPLEX, 266, AVINASHI ROAD,TIRUPPURTIRUPPURTN641602IN |
|
36 |
B22432348 |
10191403 |
ICICI BANK LIMITED |
14/12/2009 |
- |
30/09/2011 |
500000000.0 |
CHERAN PLAZA ,FIRST FLOOR1090,TRICHY ROADCOIMBATORETN641018IN |
|
37 |
B22367643 |
10074066 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
11/09/2007 |
- |
27/09/2011 |
1250000000.0 |
BALAMURUGAN COMPLEX, 266, AVINASHI ROAD,TIRUPPURTIRUPPURTN641602IN |
|
38 |
A97364038 |
10217524 |
ICICI BANK LIMITED |
17/03/2010 |
- |
14/10/2010 |
250000000.0 |
"CHERAN PLAZA", FIRST FLOOR1090, TRICHY ROADCOIMBATORETN641018IN |
|
39 |
A83852038 |
90009163 |
CORPORATION BANK |
16/01/2004 |
- |
19/04/2010 |
185000000.0 |
1604; TRICHY ROADCOIMBATORETN641018IN |
|
40 |
A79536256 |
90009067 |
STATE BANK OF TRAVANCORE |
19/03/2003 |
- |
15/02/2010 |
21500000.0 |
COIMBATORE MAINCOIMBATORETNIN |
|
41 |
A78497278 |
90006931 |
BANK OF BARODA |
03/03/1999 |
09/12/2002 |
01/02/2010 |
53000000.0 |
COTTON MARKETP.B. NO.434; 642; KAMARAJ ROADTIRUPURTN638604IN |
|
42 |
A78497385 |
90006935 |
BANK OF BARODA |
30/03/1999 |
26/08/2003 |
01/02/2010 |
53000000.0 |
P.B. NO. 434642; KAMARAJ ROADTIRUPURTN638604IN |
|
43 |
A78497856 |
90007047 |
BANK OF BARODA |
03/11/2001 |
- |
01/02/2010 |
66300000.0 |
642; KAMARAJ ROADTIRUPURTN641604IN |
|
44 |
A78496999 |
90006974 |
BANK OF BARODA |
13/01/2000 |
26/08/2003 |
01/02/2010 |
48200000.0 |
P.B. NO. 434642; KAMARAJ ROADTIRUPURTN641604IN |
|
45 |
A78195641 |
90009113 |
CORPORATION BANK |
28/07/2003 |
- |
28/01/2010 |
8650000.0 |
I.F.B.1604; TRICHY ROADCOIMBATORETN641018IN |
|
46 |
A78195443 |
90009189 |
CORPORATION BANK |
18/03/2004 |
20/04/2004 |
28/01/2010 |
70000000.0 |
1604; TRICHY ROADCOIMBATORETN641018IN |
|
47 |
A78195765 |
80039042 |
CORPORATION BANK |
16/08/2001 |
12/10/2007 |
28/01/2010 |
30000000.0 |
1604, Trichy RoadCOIMBATORETN641018IN |
|
48 |
A78194891 |
90009114 |
CORPORATION BANK |
01/08/2003 |
- |
28/01/2010 |
30000000.0 |
INDUSTRIAL FINANCE BRANCH1604; TRICHY ROADCOIMBATORETN641018IN |
|
49 |
A77703932 |
90009310 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
08/01/2005 |
21/07/2005 |
12/01/2010 |
75000000.0 |
BALAMURUGAN COMPLEX266 AVINASHI ROAD; BUNGALOW STOPTIRUPURTN641602IN |
|
50 |
A77703585 |
90007242 |
IDBI BANK LIMITED |
08/01/2005 |
28/08/2006 |
12/01/2010 |
75000000.0 |
266, BALAMURUGAN COMPLEXTIRUPURTN641602IN |
|
51 |
A71267686 |
10109422 |
ICICI BANK LIMITED |
27/03/2008 |
- |
08/10/2009 |
450000000.0 |
"CHERAN PLAZA", FIRST FLOOR1090, TRICHY ROADCOIMBATORETN641018IN |
|
52 |
A51956142 |
80039040 |
STATE BANK OF INDIA |
16/08/2001 |
06/10/2007 |
11/11/2008 |
30000000.0 |
Commercial Branch.Trichy RoadCOIMBATORETN641018IN |
|
53 |
A29580222 |
80039041 |
State Bank of Hyderabad |
16/08/2001 |
- |
16/10/2007 |
70000000.0 |
999, Avinashi RoadCoimbatoreTN641018IN |
|
54 |
A30983621 |
80039043 |
State Bank of Travancore |
16/08/2001 |
- |
01/10/2007 |
40000000.0 |
282, Oppanakara StreetCoimbatoreTN641001IN |
|
55 |
A18702134 |
10004407 |
CANARA BANK |
27/04/2006 |
28/08/2006 |
26/06/2007 |
870000000.0 |
OVERSEAS BRANCHVELA TOWERS,46, AZAD ROADTiruppurTN641601IN |
|
56 |
A10216737 |
90007061 |
BANK OF BARODA |
19/04/2002 |
28/08/2006 |
20/01/2007 |
23000000.0 |
P.B. No. 434, 642, KAMARAJ ROADTIRUPURTN641604IN |
|
57 |
A10216117 |
90007015 |
BANK OF BARODA |
01/02/2001 |
26/08/2003 |
20/01/2007 |
22500000.0 |
P.B. NO. 434642; KAMARAJ ROADTIRUPURTN638604IN |
|
58 |
A10217198 |
90007108 |
BANK OF BARODA |
28/03/2003 |
28/08/2006 |
20/01/2007 |
70000000.0 |
P.N. NO. 434, 642, KAMARAJ ROADTIRUPURTN641604IN |
|
59 |
A03608908 |
90007034 |
ICICI LIMITED |
05/07/2001 |
15/12/2003 |
29/08/2006 |
100000000.0 |
ICICI TOWERSBANDRA KURLA COMPLEX; BANDRA (E)MUMBAIMH400051IN |
|
60 |
A00269555 |
90078199 |
ICICI BANK LIMTIED |
27/02/2001 |
27/02/2001 |
31/03/2006 |
0.0 |
ICICI TOWER; BANDRA KURLA COMPLEXBANDRAMUMBAIMH400051IN |
|
61 |
Y10160718 |
90078198 |
BANK OF BARODA |
25/01/2000 |
- |
13/07/2000 |
5900000.0 |
75/1 KAMARAJ ROADTRIPURTN641604IN |
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 31ST DECEMBER 2017
(INR In Million)
|
Particulars |
Quarter Ended |
Quarter Ended |
Nine Months Ended |
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
Unaudited |
Unaudited |
|
|
|
|
|
|
|
Income from Operations |
|
|
|
|
a) Net Sales / Income
from Operations |
6424.400 |
6165.300 |
18146.000 |
|
b) Other Operating Income |
37.400 |
44.000 |
122.100 |
|
Total Income from
Operations (net) |
6461.800 |
6209.300 |
118268.100 |
|
Expenditure |
|
|
|
|
a) Cost of materials
consumed |
4141.500 |
4076.000 |
11986.400 |
|
b) Purchase of
stock-in-trade |
-- |
-- |
-- |
|
c) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
26.800 |
(113.100) |
(438.000) |
|
d) Employee benefits
expense |
618.000 |
553.300 |
1734.800 |
|
e) Financial costs |
71.300 |
81.100 |
248.800 |
|
f) Depreciation and
amortisation expense |
250.100 |
264.800 |
810.000 |
|
g) Other expenses |
611.300 |
527.700 |
1730.500 |
|
Total Expenses |
5719.000 |
5389.800 |
16072.500 |
|
Profit/ (Loss) from Operations before Other Income,
Exchange gain/(loss), Finance costs and Exceptional items |
742.800 |
819.500 |
2195.600 |
|
Exceptional
items |
-- |
-- |
-- |
|
Profit/
(Loss) from ordinary activities before tax |
742.800 |
819.500 |
2195.600 |
|
Tax
expenses |
|
|
|
|
a) Current Tax |
165.600 |
198.000 |
541.300 |
|
b) Deferred Tax |
(32.500) |
(10.400) |
(49.400) |
|
Net
Profit / (Loss) from ordinary activities after tax |
609.700 |
631.900 |
1703.300 |
|
Extraordinary items |
|
|
|
|
Net Profit / (Loss) for the period |
|
|
|
|
Other Comprehensive Income |
|
|
|
|
i)
Items that will not be reclassified to profit or
loss ii)
Income tax relating to items
that will not be reclassified to profit or loss |
-- |
-- |
-- |
|
iii)
Items that will not be reclassified to profit or
loss iv)
Income tax relating to items
that will not be reclassified to profit or loss |
-- |
-- |
-- |
|
Total Comprehensive Income for the period |
609.700 |
631.900 |
1703.300 |
|
Paid-up equity share
capital (Face Value of Rs. 10 per share) |
369.500 |
369.500 |
369.500 |
|
Reserve excluding
Revaluation reserve |
|
|
|
|
Earnings Per Share (EPS)
before and after extraordinary items (of Rs. 10/- each) a) Basic b) Diluted |
8.25 |
8.55 |
23.05 |
SEGMENT WISE REVENUE, RESULTS AND CAPITAL
EMPLOYED
FOR THE QUARTER ENDED 31ST
DECEMBER 2017
(INR In Million)
|
Sr. No. |
Particulars |
Quarter Ended |
Quarter Ended |
Nine Months Ended |
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
||
|
Unaudited |
Unaudited |
Unaudited |
||
|
A |
Segment Revenue |
|
|
|
|
|
a) Textile |
6579.000 |
6655.000 |
19557.400 |
|
|
b) Sugar |
360.300 |
545.000 |
1738.100 |
|
|
c) Others |
205.800 |
228.300 |
743.500 |
|
|
Total |
7145.100 |
7428.300 |
22039.000 |
|
|
|
|
|
|
|
|
Less: Inter Segment
revenue |
-- |
-- |
-- |
|
|
Revenue from operation |
7145.100 |
7428.300 |
22039.000 |
|
|
|
|
|
|
|
B |
Segment Results |
|
|
|
|
|
Profit/(Loss) (Before Tax
and Interest) For each Segment |
|
|
|
|
|
a) Textile |
919.600 |
1048.600 |
3036.600 |
|
|
b) Sugar |
48.900 |
4.300 |
117.200 |
|
|
c) Others |
5.500 |
14.400 |
21.000 |
|
|
Total |
974.000 |
1067.300 |
3174.800 |
|
|
|
|
|
|
|
|
Less: Finance Cost |
124.900 |
129.200 |
403.400 |
|
|
|
849.100 |
938.100 |
2771.400 |
|
|
Add :Other Net
Unallocable Income / (Expenses) |
42.800 |
35.800 |
121.300 |
|
|
Total
Profit Loss Before Taxation |
891.900 |
973.900 |
2892.700 |
|
|
|
|
|
|
|
C |
Segment Assets |
|
|
|
|
|
a) Textile |
19672.200 |
20406.600 |
19672.200 |
|
|
b) Sugar |
3226.100 |
2378.300 |
3226.100 |
|
|
c) Others |
337.300 |
375.500 |
337.300 |
|
|
d)Unallocated |
7.000 |
7.000 |
7.000 |
|
|
Total
|
23242.600 |
23167.400 |
23242.600 |
|
|
|
|
|
|
|
D |
Segment
Liabilities |
|
|
|
|
|
a) Textile |
7640.900 |
7718.100 |
7640.900 |
|
|
b) Sugar |
401.500 |
845.700 |
401.500 |
|
|
c) Others |
193.100 |
230.200 |
193.100 |
|
|
d)Unallocated |
38.400 |
163.000 |
38.400 |
|
|
Total
|
8273.900 |
8957.000 |
8273.900 |
|
|
|
|
|
|
|
E |
Capital Employed
(Segment Assets – Segment Liabilities) |
14968.700 |
14210.400 |
14968.700 |
|
|
|
|
|
|
FIXED ASSETS
- Freehold Land
- Factory
Building
- Plant and
Equipment
- Windmill
- Electricals
- Furniture and
Fixture
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 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
JYO |
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.