|
|
|
MIRA INFORM REPORT
|
Report No. : |
501351 |
|
Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRIDENT CHEMPHAR LIMITED |
|
|
|
|
Registered
Office : |
SY. NO 66 and 67, Miyapur Hyderabad – 500050, Telangana |
|
Tel. No.: |
91-8886918855 (Mr. Tamil Mani) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
21.02.2007 |
|
|
|
|
Com. Reg. No.: |
36-052901 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 373.167 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232TG2007PLC052901 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0907002447 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAEFT8416H |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AAEFT8416H1Z0 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Wholesale trader
of bulk drugs, intermediates, formulations, pharmaceuticals, chemicals. Of
late, it has been engaged in the business of import and trade of coal and
also export of food grains as part of its diversification. The company also
engaged in Mining Activity. (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established company incorporated in the year 2007 having
good track records. Management of the company has not failed its financials with the
government department for the year 2017. As per available financial of 2016, revenue and profit of the company
has declined. However, the company possesses sound financial risk profile marked by
healthy net worth base along with low debt level of the company. Tarde relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. 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 |
|
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 |
INDIAN RATING |
|
Rating |
Long Term Rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
January, 2017 |
|
|
|
|
Rating Agency Name |
INDIAN RATING |
|
Rating |
Short Term Rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
January, 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 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. Tamilmani Shanmugon |
|
Designation : |
Commercial Manager |
|
Contact No.: |
91-9989058850 |
|
Date : |
30.03.2018 |
LOCATIONS
|
Registered Office : |
SY. NO 66 and 67, Miyapur Hyderabad – 500050, Telangana, India |
|
Tel. No.: |
91-40-40408080 / 46408055 / 42884693 |
|
Mobile No.: |
91-8886918855 (Mr. Tamil Mani) 91-8096954881 (Mr. Srinivas Kasichayanula) |
|
Fax No.: |
91-40-40408060 |
|
E-Mail : |
|
|
|
|
|
Administration Office: |
Plot No. 11, Survey No.9, The Water Mark Building, Hitech City,
Kondapur, Hyderabad – 500084, Telangana, India |
|
Tel. No.: |
91-40-42884600 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sadananda Reddy Sannareddy |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No.8-3-224/4/1/A/A, F-16/A, Madhura Nagar, Sr Nagar, Hyderabad - 500038, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.04.1952 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduation |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAQPS8992M |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01815665 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rohit Reddy Penaka |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8-3-169/46, Siddarathnagar, Vengalrao Nagar, S R Nagar, Hyderabad –
50038, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.10.1988 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduation |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.08.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AQGPP7146L |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02624136 |
||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kondreddy Chiranjeevi |
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|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
19-26-1/1B, 30th Ward, Reddy Colony, Bhimavaram, West Godavari - 534201, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.02.1982 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduation |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AKOPC8285H |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03349756 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Tamilmani Shanmugam |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
405, Om Sai Nilyam, Street No 8, Habsiguda, Hyderabad - 500007, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.07.1962 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
PG |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AFVPS6409M |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07145569 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Venkata Krishna Anjaneya Prasad Marthy |
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|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1-19-164/1/C, Road No.7, Joshi Nagar, West Venkatapuram, Secunderabad - 500015, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
28.08.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||
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|
PG |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.07.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
AHQPM0534N |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07250125 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Hari Priya |
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|
Designation : |
Director |
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|
Address : |
Flat No. 1202, Block A, Fortune Heights, Miyapur, Hyderabad – 500011, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.06.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07539113 |
||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Srinivas Kasichayanula |
|
Designation : |
Chief Executive Officer |
|
Address : |
649-MIG II, KPHB Colony, Kukatpally, Hyderabad – 500072, Telangana, India |
|
Date of Birth/Age : |
07.07.1977 |
|
Date of Appointment : |
02.01.2017 |
|
PAN No.: |
ASYPK9980F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Penaka Sarath Chandra Reddy |
|
37316066 |
|
Gelli Venkata Seshaiah |
|
100 |
|
Gorla Madhu |
|
100 |
|
Penaka Suneela Rani |
|
100 |
|
Panaka Rohit Reddy |
|
100 |
|
Laxmi Narasimham Pakala |
|
100 |
|
Baddigam Adi Reddy |
|
100 |
|
|
|
|
|
Total |
|
37316666 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesale trader
of bulk drugs, intermediates, formulations, pharmaceuticals, chemicals. Of late,
it has been engaged in the business of import and trade of coal and also
export of food grains as part of its diversification. The company also
engaged in Mining Activity. (Registered activity) |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
K Nagaraju and Associates Chartered Accountant |
|
Address : |
No. 1-8-197, Chikadpally, Hyderabad-500020, Andhra Pradesh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AANFK1375R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company
: |
U24231TG2006PLC051148
U92419TG2014PTC096277
|
|
|
|
|
Associates : |
U70102DL2014PTC269046
AAD-8797 |
|
|
|
|
Others : |
L24239TG1986PLC015190
U24232TG2011PTC076791
U73100TG2007PLC052813
U24232TG2012PLC078350
U29219TG1993PTC016451
U24232TG2012PTC079317
U85100TG2008PTC057669 |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
INR 10/- each |
INR 400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37316666 |
Equity Shares |
INR 10/- each |
INR 373.167
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET – (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
373.167 |
373.167 |
150.000 |
|
(b) Reserves and Surplus |
589.825 |
555.813 |
42.501 |
|
(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) |
962.992 |
928.980 |
192.501 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18.212 |
20.502 |
507.059 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.064 |
1.371 |
0.869 |
|
Total Non-current
Liabilities (3) |
20.276 |
21.873 |
507.928 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
852.521 |
607.609 |
627.609 |
|
(b) Trade
payables |
128.403 |
285.568 |
1159.794 |
|
(c) Other
current liabilities |
32.260 |
66.006 |
129.615 |
|
(d) Short-term
provisions |
0.420 |
4.392 |
5.762 |
|
Total Current
Liabilities (4) |
1013.604 |
963.575 |
1922.780 |
|
|
|
|
|
|
TOTAL |
1996.872 |
1914.428 |
2623.209 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
64.211 |
54.869 |
3.858 |
|
(ii)
Intangible Assets |
5.378 |
1.664 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
39.364 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
558.863 |
395.394 |
394.981 |
|
(c) Deferred tax assets (net) |
2.132 |
1.512 |
0.202 |
|
(d)
Long-term loans and advances |
2.445 |
10.959 |
2.999 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
633.029 |
464.398 |
441.404 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
83.283 |
0.434 |
0.000 |
|
(b)
Inventories |
189.342 |
233.242 |
430.014 |
|
(c) Trade
receivables |
913.246 |
931.672 |
1388.024 |
|
(d) Cash and
bank balances |
107.187 |
163.551 |
233.322 |
|
(e)
Short-term loans and advances |
57.944 |
105.887 |
119.067 |
|
(f) Other
current assets |
12.841 |
15.244 |
11.378 |
|
Total
Current Assets |
1363.843 |
1450.030 |
2181.805 |
|
|
|
|
|
|
TOTAL |
1996.872 |
1914.428 |
2623.209 |
PROFIT
& LOSS ACCOUNT – (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3079.446 |
6487.528 |
3786.759 |
|
|
Other Income |
42.272 |
51.302 |
68.201 |
|
|
TOTAL |
3121.718 |
6538.830 |
3854.960 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2579.538 |
5491.265 |
3758.181 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
43.900 |
196.772 |
(342.971) |
|
|
Employee benefit expense |
29.262 |
29.610 |
10.756 |
|
|
Other expenses |
369.883 |
623.872 |
278.431 |
|
|
TOTAL |
3022.583 |
6341.519 |
3704.397 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
99.135 |
197.311 |
150.563 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
52.659 |
107.335 |
91.972 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
46.476 |
89.976 |
58.591 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.663 |
3.239 |
0.455 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
40.813 |
86.737 |
58.136 |
|
|
|
|
|
|
|
Less |
TAX |
6.801 |
19.758 |
11.801 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
34.012 |
66.979 |
46.335 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.85 |
1.67 |
1.24 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
2.289 |
2.609 |
2.718 |
|
Net cash flows from (used in) operations |
(135.875) |
(182.666) |
(506.000) |
|
Net cash flows from (used in) operating activities |
(139.938) |
(202.972) |
(474.042) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
108.25 |
52.42 |
133.79 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.37 |
6.96 |
2.73 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
18.17 |
18.98 |
112.64 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.52 |
0.85 |
0.35 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
1.42 |
3.49 |
3.48 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.52 |
0.52 |
0.93 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.91 |
0.68 |
5.91 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.05 |
1.04 |
9.99 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.07 |
0.06 |
0.22 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.88 |
1.84 |
1.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.10 |
1.03 |
1.22 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
1.70 |
3.50 |
1.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
3.53 |
7.21 |
24.07 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.35 |
1.50 |
1.13 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.16 |
1.26 |
0.91 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.48 |
0.49 |
0.07 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
2.34 |
1.69 |
7.58 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.35 |
1.50 |
1.13 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
150.000 |
373.167 |
373.167 |
|
Reserves & Surplus |
42.501 |
555.813 |
589.825 |
|
Net
worth |
192.501 |
928.980 |
962.992 |
|
|
|
|
|
|
Long-term borrowings |
507.059 |
20.502 |
18.212 |
|
Short term borrowings |
627.609 |
607.609 |
852.521 |
|
Current maturities of
long-term debts |
2.718 |
2.609 |
2.289 |
|
Total
borrowings |
1137.386 |
630.720 |
873.022 |
|
Debt/Equity
ratio |
5.908 |
0.679 |
0.907 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3786.759 |
6487.528 |
3079.446 |
|
|
|
71.321 |
(52.533) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3786.759 |
6487.528 |
3079.446 |
|
Profit/ (Loss) |
46.335 |
66.979 |
34.012 |
|
|
1.22
% |
1.03
% |
1.10
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
373.167 |
373.167 |
|
(b) Reserves and Surplus |
|
781.702 |
559.165 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
38.194 |
50.937 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1154.869 |
932.332 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
18.212 |
20.501 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
15.837 |
9.545 |
|
Total Non-current
Liabilities (3) |
|
34.049 |
30.046 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1030.558 |
861.123 |
|
(b) Trade
payables |
|
322.550 |
515.928 |
|
(c) Other
current liabilities |
|
69.821 |
120.425 |
|
(d) Short-term
provisions |
|
17.850 |
8.978 |
|
Total Current
Liabilities (4) |
|
1440.779 |
1506.454 |
|
|
|
|
|
|
TOTAL |
|
2667.891 |
2519.769 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
99.563 |
88.983 |
|
(ii)
Intangible Assets |
|
271.535 |
217.767 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
303.237 |
212.284 |
|
(c) Deferred tax assets (net) |
|
101.766 |
84.950 |
|
(d)
Long-term loans and advances |
|
5.078 |
13.456 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
781.179 |
617.440 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
93.283 |
10.434 |
|
(b)
Inventories |
|
293.410 |
414.244 |
|
(c) Trade
receivables |
|
1198.467 |
1148.000 |
|
(d) Cash and
bank balances |
|
208.541 |
205.147 |
|
(e)
Short-term loans and advances |
|
79.999 |
119.742 |
|
(f) Other
current assets |
|
13.012 |
4.762 |
|
Total
Current Assets |
|
1886.712 |
1902.329 |
|
|
|
|
|
|
TOTAL |
|
2667.891 |
2519.769 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
5451.750 |
7877.718 |
|
|
Other Income |
|
47.781 |
87.982 |
|
|
TOTAL |
|
5499.531 |
7965.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
69.879 |
70.765 |
|
|
Purchases of
Stock-in-Trade |
|
3908.539 |
6336.107 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
106.316 |
67.285 |
|
|
Employee benefit expense |
|
250.945 |
217.086 |
|
|
Other expenses |
|
857.299 |
952.305 |
|
|
TOTAL |
|
5192.978 |
7643.548 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
306.553 |
322.152 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
82.532 |
136.612 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
224.021 |
185.540 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
27.854 |
26.550 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
196.167 |
158.990 |
|
|
|
|
|
|
|
Less |
TAX |
|
(9.611) |
18.490 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
205.778 |
140.500 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
5.51 |
3.77 |
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 |
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 |
BACKGROUND
Trident Chemphar Limited was incorporated on 21st February, 2007 as Public Limited Company under the Companies Act, 1956. The registered office of the Company is situated at SY. NO 66 & 67, Miyapur, Hyderabad, Telangana 500050.
The Company is engaged in the business of trade, manufacture, buy, sell, import, export, and to represent as agents, stockiest, distributors, dealers, indenter’s and to deal in all kinds of bulk drugs, intermediates, formulations, pharmaceuticals, chemicals. Of late, it has been engaged in the business of import and trade of coal and also export of food grains as part of its diversification.
REVIEW OF OPERATIONS
Standalone Operating
Results
The company has recorded overall decrease in revenues, operating income and profits during the year. The measures implemented by the management for optimization of operational costs and improvement of margins have paid off.
The Company on a standalone basis recorded total revenue of INR 3121.718 Million (against INR 6538.830 Million for the previous year) and also the Company has recorded a net profit of INR 34.012 Million (against INR 66.979 Million for the previous year).
During the reporting year the company has engage business vertical as part of strategic business plan Viz., Coal Trading and Mining. Also, the company condense the business from export of Finished Pharma products, agricultural products like Rice etc., which is not worthy in terms of financial collections. Similarly, main verticals of Solvents and chemicals & Drum pack have also contributed in the growth of revenue and profitability. In line with Cost reduction plans, Finance cost has brought down to the maximum extent.
BUSINESS OUTLOOK
The Company has taken all the necessary steps to make the subsidiaries self-sustained and can generate revenues and profits on their own. In order to reduce the exchange fluctuation risk, foreign subsidiaries in Dubai and Singapore will also directly serve the Indian customers on case to case basis.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G36156453 |
100077812 |
HDFC BANK LIMITED |
28/12/2016 |
- |
- |
330000000.0 |
HDFC Bank House, Senapati Bapat Marg,Lower Parel (West) MumbaiMumbaiMH400013IN |
|
2 |
G33157462 |
100071522 |
Axis Bank Limited |
29/09/2016 |
- |
- |
8514000.0 |
asset sales centre, 4th Floor, Modi squareR.P. RoadSecunderabadTG500003IN |
|
3 |
C68225135 |
10597988 |
Standard Chartered Bank |
21/10/2015 |
21/10/2015 |
- |
1500000000.0 |
6-3-1090, TSR TOWERSRAJ BHAVAN ROAD, SOMAJIGUDAHYDERABADTG500082IN |
|
4 |
G03510286 |
10531207 |
RBL BANK LIMITED |
16/10/2014 |
06/05/2016 |
- |
1000000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
|
5 |
G78830312 |
10405974 |
YES BANK LIMITED |
21/01/2013 |
22/12/2017 |
- |
1200000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MumbaiMH400018IN |
|
6 |
G80447915 |
10063582 |
Axis Bank Limited |
09/07/2007 |
06/02/2018 |
- |
1000000000.0 |
Corporate Banking Branch, First Floor,No.6-3-879/BG Pullareddy Building, Greenland, BegumpetHyderabadTG500016IN |
|
7 |
B32089898 |
10084763 |
ANDHRA BANK |
20/12/2007 |
31/08/2009 |
30/01/2012 |
290000000.0 |
SOMAJIGUDA BRANCH, 6-3-352/2ASTRAL HEIGHTS, ROAD NO. 1, BANJARA HILLSHYDERABADAP500082IN |
FIXED ASSETS
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Computer equipments
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 : |
SUV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.