|
|
|
MIRA INFORM REPORT
|
Report No. : |
507928 |
|
Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAIRA DISTRICT CO-OPERATIVE MILK PRODUCERS UNION LIMITED |
||||||||||||||||
|
|
|
||||||||||||||||
|
Registered
Office : |
Amul Dairy Mogar Complex, Village Mogar, Anand – 388001, Gujarat |
||||||||||||||||
|
Tel. No.: |
91-2692-256124 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Country : |
India |
||||||||||||||||
|
|
|
||||||||||||||||
|
Financials (as
on) : |
31.03.2017 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Date of
Incorporation : |
1946 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Registration No: |
P330 dated 14.12.1946 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Capital
Investment / Paid-up Capital : |
INR 601.298
Million |
||||||||||||||||
|
|
|
||||||||||||||||
|
IEC No.: |
Not Divulged |
||||||||||||||||
|
|
|
||||||||||||||||
|
GST No.: |
|
||||||||||||||||
|
|
|
||||||||||||||||
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
||||||||||||||||
|
|
|
||||||||||||||||
|
PAN No.: [Permanent Account No.] |
AAAAK8694F |
||||||||||||||||
|
|
|
||||||||||||||||
|
Legal Form : |
Subject is a Co-operative Society registered under
Co-operative Societies Act |
||||||||||||||||
|
|
|
||||||||||||||||
|
Line of Business
: |
1) Production of Amul Products like Milk Powder, Butter Ghee,
Flavoured Mik, Chocolate, Paneer, Cheese and Ice Cream. 2) Milk Procurement 3) Cattle Feed (Amul Dan). [Registered Activity] |
||||||||||||||||
|
|
|
||||||||||||||||
|
No. of Employees
: |
Not Divulged |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Maximum Credit Limit : |
USD 4728900 [INR 318361370.25] |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
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 |
Long Term Rating=AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
23rd March, 2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating=A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
23rd March, 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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 09.05.2018.
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 DECLINED BY
|
Name : |
Mr. Mukesh Chauhan |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-2692-256124 |
|
Date : |
07.05.2018 |
LOCATIONS
|
Registered Office : |
Amul Dairy Mogar Complex, Village Mogar, Anand – 388001, Gujarat, India |
|
Tel. No.: |
91-2692-256124/ 256224/ 256324/ 240225 |
|
Fax No.: |
91-2692-240225 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Satellite Units 1/ Factory : |
Amul Food Complex, Mogar Plant, National Highway No 8, AT & PO -
Mogar, At & Dist – Anand, Gujarat, India |
|
|
|
|
Head Office : |
Gujarat
Co-operative Milk Marketing Federation, P O Box 10, Amul Dairy Road, Anand - 388001,
Gujarat, India |
|
Tel. No.: |
91-2692-258506/
258507/ 258508/ 258509 |
|
Fax No.: |
91-2692-240208/
240185 |
|
E-Mail : |
|
|
|
|
|
Other Satellite Units : |
Located at: · Amul Feed Plant, Erode, Tamilnadu · Amul Feed Plant, Jayrambati, Bankura, West Bengal · Amul Cattle Feed Plant, Kanjari, Anand, Gujarat · Amul Cattle Feed Plant, Kapadvanj, Kheda, Gujarat · Amul Kheda Dairy, Kheda, Gujarat · Amul Dairy, Anand, Gujarat · Amul Food Plant, Thane, Maharashtra · Amul Food Plant, Vadodara, Gujarat · ARDA, Ode, Anand, Gujarat · Amul Kheda Dairy, Kheda, Gujarat · Amul Pune Dairy, Rajgurunagar, Pune, Maharashtra · Amul Vihar Dairy, Vihar, Thane, Maharashtra · Amul Batala Dairy, Gurdaspur, Punjab · Amul Khamanon Dairy, Punjab · Amul Sikkim Dairy, Gangtok, Sikkim · Amul Waterloo Dairy, N.Y., USA · Amul Dollon Dairy, West Bengal · Amul Jairambati Dairy, Bankura, West Bengal · Amul Kolkata Dairy, Hooghly, West Bengal · Amul Siliguri Dairy, West Bengal |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ramsinh P. Parmar |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Rajendrasinh Parmar |
|
Designation : |
Vice Chairman |
|
|
|
|
Name : |
Mrs. Madhubhen Parmar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Shardaben Patel |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Nitaben Solanki |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Savitaben Vaghela |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Chandubhai Parmar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Radhusinh Parmar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Juvansinh Chauhan |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Ranjitbhai Patel |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Vipulbhai Patel |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Rajeshbhai Pathak |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Tejasbhai Patel |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Dhirubhai Chavda |
|
Designation : |
Representative, KDCC Bank |
|
|
|
|
Name : |
Mrs. Reenaben Patel |
|
Designation : |
District Registrar |
|
|
|
|
Name : |
Mr. R.S. Sodhi |
|
Designation : |
Director |
|
|
|
|
Name : |
Dr. K. Rathnam |
|
Designation : |
Managing Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
1) Production of Amul Products like Milk Powder, Butter Ghee,
Flavoured Mik, Chocolate, Paneer, Cheese and Ice Cream. 2) Milk Procurement 3) Cattle Feed (Amul Dan). [Registered Activity] |
|
|
|
|
Products/ Services : |
The Business
groups comprise the following: Milk and Milk Products-Pouch Milk, Amul Butter, Ghee Amulspray, Amulya, Skimmed Milk Powder (SMP), Processed Cheese, Paneer, Curd Buttermilk, Flavoured milk, Whey Powder, Bread, Pav Bhaji Bun, Pizza Base, Amul Pro, Amul Delicious, Amul-lite, Chocolates Ice-cream, Sweets, Bakery products, Toast, etc. Cattle Feed
(Amul Dan)-Cattle Feed Type-II Dan, Mineral Mixture, Chelated Mineral Mixture,
Milk Replacer Powder, Power Dan BIS, Purak Dan, Calf Feed Mash Dan, Amul
Nutri-Plus Dan, etc. |
|
|
|
|
Brand Names : |
“Amul” “Sagar” |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited ·
State Bank of India ·
HDFC Bank Limited ·
IndusInd Bank Limited ·
Bank of Baroda ·
National Bank for Agri and Rural Dev. (NABARD) ·
ICICI Bank Limited ·
The Kaira District Central Cooperative Bank ·
Kotak Mahindra Bank Limited ·
National Coop. Development Corporation ·
IDFC Bank Limited ·
Capital One Bank, New York, USA |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors 1 : |
|
|
Name : |
Mr. K.M. Parghi Special Auditor, Milk Union, Anand |
|
|
|
|
Auditors 2 : |
|
|
Name : |
A.D. Ruparel and Company Chartered Accountants |
|
Address : |
Amreli, Gujarat, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : [Confirmed by Management] |
· Gujarat Co-operative Milk Marketing Federation Address: Gujarat Co-operative Milk Marketing Federation, P O Box 10, Amul
Dairy Road, Anand - 388001, Gujarat, India |
|
|
|
|
Enterprise over which significant influence exits (An Associate
Company) : |
· Sikkim Dairy Products Private Limited · ARDA (Amul Research and Development Association) · Tribhuvan Foundation |
|
|
|
|
Enterprises where key managerial personnel have a significant
influence : |
· Vanoti D.U.S.M Limited · Vidya Dairy, Anand |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 100/- each |
INR 1500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6012983 |
Equity Shares |
INR 100/- each |
INR 601.298
Million |
|
|
|
|
|
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 |
601.298 |
411.138 |
297.853 |
|
(b) Reserves & Surplus |
1053.849 |
873.140 |
709.772 |
|
(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) |
1655.147 |
1284.278 |
1007.625 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2275.791 |
2360.033 |
1743.548 |
|
(b) Deferred tax liabilities (Net) |
322.142 |
229.848 |
131.957 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
187.483 |
112.493 |
80.819 |
|
Total
Non-current Liabilities (3) |
2785.416 |
2702.374 |
1956.324 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
3547.838 |
2747.388 |
2116.878 |
|
(b)
Trade payables |
7914.771 |
6200.363 |
3965.438 |
|
(c)
Other current liabilities |
1559.706 |
1711.719 |
3431.311 |
|
(d)
Short-term provisions |
139.922 |
101.832 |
151.963 |
|
Total
Current Liabilities (4) |
13162.237 |
10761.302 |
9665.590 |
|
|
|
|
|
|
TOTAL |
17602.800 |
14747.954 |
12629.539 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
8023.881 |
7294.567 |
4261.123 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
76.241 |
224.078 |
936.685 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
338.665 |
250.797 |
184.722 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
8438.787 |
7769.442 |
5382.530 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5726.170 |
4348.462 |
4440.055 |
|
(c)
Trade receivables |
2452.905 |
1977.799 |
1974.824 |
|
(d)
Cash and cash equivalents |
517.156 |
261.331 |
149.359 |
|
(e)
Short-term loans and advances |
395.767 |
336.111 |
641.996 |
|
(f)
Other current assets |
72.015 |
54.809 |
40.775 |
|
Total
Current Assets |
9164.013 |
6978.512 |
7247.009 |
|
|
|
|
|
|
TOTAL |
17602.800 |
14747.954 |
12629.539 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
57003.155 |
48249.812 |
41419.614 |
|
|
|
Other Income |
153.863 |
90.273 |
48.650 |
|
|
|
TOTAL |
57157.018 |
48340.085 |
41468.264 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
50520.296 |
42019.846 |
37489.286 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(550.030) |
419.586 |
(1370.706) |
|
|
|
Employees benefits expense |
1247.996 |
845.824 |
792.742 |
|
|
|
Administrative, Co-operative Development and Other
Expenses |
993.327 |
868.698 |
735.933 |
|
|
|
Manufacturing Expenses |
2925.030 |
2643.091 |
2647.596 |
|
|
|
Advertisement, Freight Outward and Marketing Expenses |
310.534 |
206.148 |
209.308 |
|
|
|
TOTAL |
4228.891 |
3717.937 |
3592.837 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1709.865 |
1336.892 |
964.105 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
584.502 |
519.040 |
383.752 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1125.363 |
817.852 |
580.353 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
815.783 |
600.411 |
419.764 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
309.580 |
217.441 |
160.589 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
91.803 |
62.929 |
43.333 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
217.777 |
154.512 |
117.256 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
Reserve Fund |
54.444 |
38.628 |
29.314 |
|
|
|
Bad Debt Reserve Fund |
0.000 |
0.000 |
17.588 |
|
|
|
Contribution to Education Fund |
0.300 |
0.300 |
0.300 |
|
|
|
Share dividend |
63.953 |
45.900 |
44.678 |
|
|
|
Remaining Profit |
|
|
|
|
|
|
Dividend Equalization Fund |
74.310 |
52.263 |
19.032 |
|
|
|
Further, out of
Remaining Profit |
|
|
|
|
|
|
General Fund |
19.816 |
13.937 |
5.075 |
|
|
|
Charity Fund |
4.954 |
3.484 |
1.269 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
217.777 |
154.512 |
117.256 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
3.62 |
3.76 |
3.94 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term Borrowings |
365.137 |
575.047 |
601.261 |
|
|
|
|
|
|
Cash generated from Operating Activities |
1346.258 |
2199.357 |
(254.835) |
|
|
|
|
|
|
Net Cash flow generated from/ (used in) Operating Activities |
1348.406 |
2197.165 |
(258.348) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
15.71 |
14.96 |
17.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
23.24 |
24.40 |
20.97 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
57.18 |
53.86 |
38.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.30 |
0.31 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.21 |
0.18 |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.90 |
0.93 |
0.95 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.74 |
4.42 |
4.43 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
7.95 |
8.38 |
9.59 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
4.89 |
5.85 |
5.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.93 |
2.58 |
2.51 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.38 |
0.32 |
0.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.24 |
1.05 |
0.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.16 |
12.03 |
11.64 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.70 |
0.65 |
0.75 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.26 |
0.24 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.09 |
0.09 |
0.08 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.29 |
13.82 |
14.98 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.70 |
0.65 |
0.75 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
297.853 |
411.138 |
601.298 |
|
Reserves & Surplus |
709.772 |
873.140 |
1053.849 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1007.625 |
1284.278 |
1655.147 |
|
|
|
|
|
|
long-term borrowings |
1743.548 |
2360.033 |
2275.791 |
|
Short term borrowings |
2116.878 |
2747.388 |
3547.838 |
|
Current Maturities of Long
term Borrowings |
601.261 |
575.047 |
365.137 |
|
Total
borrowings |
4461.687 |
5682.468 |
6188.766 |
|
Debt/Equity
ratio |
4.428 |
4.425 |
3.739 |
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 |
41419.614 |
48249.812 |
57003.155 |
|
|
|
16.490 |
18.142 |
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 |
41419.614 |
48249.812 |
57003.155 |
|
Profit/ (Loss) |
117.256 |
154.512 |
217.777 |
|
|
0.28% |
0.32% |
0.38% |
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 |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
No |
|
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 |
OBSERVATION POINTS
|
Name of Company : |
KAIRA DISTRICT CO-OPERATIVE MILK PRODUCERS UNION LIMITED |
|
|
|
|
Address : |
Amul Food Complex, Mogar Plant, National Highway No 8, AT & PO -
Mogar, At & Dist – Anand, Gujarat, India |
|
|
|
|
Person to whom we met: |
Security Guard [Name Not Divulged] |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Opposite National Highway No. 8 |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
Proof of visit: |
Photos |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Others |
|
|
|
National Housing Bank: TSC Project |
1.718 |
12.370 |
|
NCDC Term Loan: |
|
|
|
For BMC, Cattle Feed Godown and DG Sets |
269.994 |
325.263 |
|
For Kapadwanj Factory Project |
331.320 |
441.760 |
|
For Milk Testing Laboratory |
1.835 |
5.505 |
|
For Milking Machines |
9.712 |
14.560 |
|
Less: Transferred to Other Current Liabilities |
365.137 |
575.047 |
|
Debentures |
11.557 |
24.058 |
|
Fixed Deposits From DCS |
1226.430 |
1090.669 |
|
|
|
|
|
Total |
1487.429 |
1339.138 |
BUSINESS
You will be pleased to note that our turnover during the financial year 2016-17 has reached INR 57000.000 Million ($900 million) which is the highest in the history of their Union. The turnover is 18% higher compared to last year's INR 48250.000 Million. Kolkata, Pune and Mumbai — all these markets have shown significant increase in sales. It is a matter of pleasure to all, that compared to INR 661/kg fat milk procurement price given last year, they could give INR 698/kg fat ($10.7/kg fat) this year and we shall put efforts to provide still higher returns to their milk producers.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Bank Guarantees given on various accounts |
211.207 |
204.463 |
|
Letter of credit for Import/ Inland purchases issued |
665.726 |
165.205 |
|
Disputed liabilities for Sales Tax (Matter is under Appeal) |
7.071 |
7.706 |
|
Disputed Liabilities for Excise Duty and Service Tax (Matter is under Appeal) |
0.901 |
0.901 |
|
Disputed Liabilities for Customs Duty (Matter is under Appeal) |
2.531 |
2.531 |
|
Disputed liabilities for Income Tax (Matter is under Appeal) |
0.000 |
3.731 |
|
|
|
|
|
Total |
887.436 |
384.537 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Library
·
Vehicles
·
Dead Stock
·
Computer System
· Live Stock
· Cans
· Leasehold Land
· Plant and Machinery
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 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 67.08 |
|
UK Pound |
1 |
INR 91.14 |
|
Euro |
1 |
INR 80.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
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.