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|
MIRA INFORM REPORT
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Report No. : |
507376 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
COROMANDEL INTERNATIONAL LIMITED (w.e.f. 23.09.2009) |
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Formerly Known
As : |
COROMANDEL FERTILISERS LIMITED |
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Registered
Office : |
“Coromandel House”, 1-2-10, Sardar Patel Road, Secunderabad – 500003,
Telangana |
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Tel. No.: |
91-40-27842034 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
16.10.1961 |
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Com. Reg. No.: |
36-000892 |
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Capital
Investment / Paid-up Capital : |
INR 292.400 Million [As on: 31.03.2018] |
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CIN No.: [Company Identification
No.] |
L24120TG1961PLC000892 (New) L24120AP1961PLC000892 (Old) |
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IEC No.: [Import-Export Code No.] |
0988002639 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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TIN No.: |
36070203504 |
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GSTN : [Goods & Service Tax
Registration No.] |
36AAACC7852K1ZE |
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PAN No.: [Permanent Account No.] |
AAACC7852K |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
· Manufacturing and Distributing Crop Protection Products such as Insecticides, Fungicides and Herbicides. ·
Manufacture a Wide Range of Fertilisers. (Registered Activity) |
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No. of Employees
: |
4309 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 80341000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a flagship company of Murugappa Group and it was incorporated in the year 1961. It is a manufacturing and distributing crop protection products such as insecticides, fungicides and herbicides. As per financials of March 2018, the company has registered a growth of 7.87% in its revenue compared to its previous year’s revenue and has reported average profit margin of 3.12%. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth base along with comfortable debt coverage indicators and good liquidity position. Rating also takes into account the strong financial and managerial support received from its group companies and well experienced management team. Share are quoted high on Stock Exchanges. (Share are traded at a price of INR 460.95 against its face value of INR 1.) However, rating strengths is partially offset by exposure to risks related to the regulated nature of the fertilizer industry in India and to volatility in raw material prices. Payments are seems to be regular as per commitments. In view of aforesaid, the company can be considered good for business dealings at normal 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
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 10.05.2018
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.
LOCATIONS
|
Registered Office : |
“Coromandel House”, 1-2-10, Sardar Patel Road, Secunderabad – 500003,
Telangana |
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Tel. No.: |
91-40-27842034/27847212 |
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Fax No.: |
91-40-27844117 |
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E-Mail : |
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Website : |
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Branch Office : |
Office No. 504, 5th Floor, Eatern Court, Sion-Trombay Road,
Opposite, Wasan Motors, Chembur, Mumbai – 400071, Maharashtra, India |
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Factory : (Fertiliser
Plants) |
Sriharipuram, Po Box No. 1116, Malkapuram Post, Visakhapatnam –
530011, Andhra Pradesh, India |
|
Tel. No.: |
91-891-2578400 to 2578419 (N. Seetaram - General Manager -
Mfg.) |
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Fax No.: |
91-891-2577665 |
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Email : |
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Plant Locations
: |
·
Malkapuram, Visakhapatnam, Andhra Pradesh · Beach Road, Kakinada, Telangana ·
Beach Road, Kakinada, Andhra Pradesh ·
Ennore, Chennai, Tamilnadu ·
Ranipet, North Arcot, Tamilnadu ·
Ankleshwar, Gujarat ·
Baribrahmana, Jammu and Kashmir ·
Hospet, Karnataka ·
Udaipur, Rajasthan ·
Baroda, Gujarat ·
Kota, Rajasthan ·
Raigad, Maharashtra ·
Khargone, Madhya Pradesh ·
Raebareli, Uttar Pradesh ·
Sarigam, Gujarat ·
Dahej, Gujarat |
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Divisional Office 1
: |
6th Floor, Visionnaire Building, Plot # 121 and 122, Sakorenagar Society, S No. 232/1 and 2, Lohegaon, Viman Nagar, Pune – 411014, Maharashtra, India |
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Divisional Office 2
: |
Dhanush Plaza, 4th Floor, Rajarajeshwari Nagar, Main Road, 305/915/447, Site Number 915, Sector D, Ideal Home, Township Kenchanahalli, South Taluk Bangalore – 560098, Karnataka, India |
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Divisional Office 3
: |
Dhoom Complex, 54-15.NH-5, Ring Road, Gunadala, First Floor-FF1 and FF2 Vijayawada – 520008, Andhra Pradesh, India |
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Divisional Office 4
: |
Unit Number 505, 5th Floor, AMP Vaisaakkhi Premises Number 112, AG Block, Sector ll, Salt Lake City, Kolkata – 700091, West Bengal, India |
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Divisional Office 5
: |
Shekhar Central, Unit Number 819 (8th Floor), AB
Road, |
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Divisional Office 6
: |
C-20/1A/1, 4th Floor Assotech One Sector - 62, Noida - 201 309 Uttar Pradesh, India |
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Tel. No.: |
91-120-6546571 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sameer Goel |
|
Designation : |
Managing Director |
|
Address : |
Ban (62), Ban Thanesar, Kurukshetra – 136132, Haryana, India |
|
Date of Birth/Age : |
53 Years |
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Qualification : |
Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad, and Bachelor’s Degree in Economics from St. Stephens College, New Delhi |
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Date of Appointment : |
01.10.2015 |
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DIN No.: |
07298938 |
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Name : |
Mr. Bodanapu Venkat Ramamohan Reddy |
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Designation : |
Director |
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Address : |
Plot No. 1020, Road No. 46 Jubilee Hills, Hyderabad – 500033, Telangana, India |
|
Date of Birth/Age : |
65 years |
|
Qualification : |
degree in Mechanical Engineering from the College of Engineering, Kakinada,
and postgraduate degrees from IIT, Kanpur, and University of Michigan, Ann
Arbor, U.S.A |
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Date of Appointment : |
22.01.2008 |
|
DIN No.: |
00058215 |
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Name : |
Mr. Venkatachalam Ravichandran |
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Designation : |
Director |
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Address : |
3/8, Wittypool Complex, 2 and 3, Boat Club Road, R.A. Puram, Chennai – 600028, Tamilnadu, India |
|
Date of Birth/Age : |
60 Years |
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Qualification : |
Post Graduate Diploma in Management from IIM, Ahmedabad. Cost Accountant and a Company Secretary |
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Date of Appointment : |
15.07.2004 |
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DIN No.: |
00110086 |
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Name : |
Murugappan Muthiah Venkatachalam |
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Designation : |
Director |
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Address : |
No.10, Valliammai Achi Road, Kotturpuram, Chennai - 600085, Tamilnadu, India |
|
Date of Birth/Age : |
57 Years |
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Qualification : |
Graduated From The University of Agricultural Sciences in Bangalore and Holds. a Master’s Degree In Business Administration from George Washington University, USA |
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Date of Appointment : |
23.01.2007 |
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DIN No.: |
00152619 |
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|
Name : |
Mr. Prasad Chandran |
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Designation : |
Director |
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Address : |
16-B, Darbhanga Mansion, Carmichael Road Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
64 Years |
|
Qualification : |
Graduated In Chemistry From Bombay University And Done His MBA From University Business School, Chandigarh |
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Date of Appointment : |
18.04.2014 |
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DIN No.: |
00200379 |
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|
Name : |
Mr. Sumit Bose |
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Designation : |
Director |
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Address : |
Flat No.902, Tower 21, Common Wealth Games Village, Near Akshardham, Laxmi Nagar, Delhi – 110092, India |
|
Date of Birth/Age : |
62 Years |
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Qualification : |
Master Degree in Social Policy and Planning from London School of Economics and is a Master of Arts From St. Stephen’s College, Delhi |
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Date of Appointment : |
21.03.2016 |
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DIN No.: |
03340616 |
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|
Name : |
Nirupama Rao |
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Designation : |
Director |
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Address : |
Apartment D Springleaf Apartments No. 6, Brunton Cross Road, Bangalore – 560025, Karnataka, India |
|
Date of Appointment : |
05.09.2016 |
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DIN No.: |
06954879 |
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Name : |
Murugappan Murugappan Muthiah |
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Designation : |
Additional Director |
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Address : |
Coromandel House, New No.14(Old No.12) Boat Club Road, Raja Annamalaipuram, Chennai-600028, Tamilnadu, India |
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Date of Appointment : |
31.03.2018 |
|
DIN No.: |
00170478 |
KEY EXECUTIVES
|
Name : |
Mr. Purushothaman Varadarajan |
|
Designation : |
Vice President - Legal And Company Secretary |
|
Address : |
Flat No. 202 GK Topaz, Plot No.839 Defence Colony Sainikpuri Secunderabad 500094, Telangana, India |
|
Date of Appointment : |
12.06.2013 |
|
PAN No. : |
AANPV3338F |
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|
Name : |
Jayashree Satagopan |
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Designation : |
Chief Finance Officer |
|
Address : |
B 902, Fortune Towers Hitech City Main Road, Madhapur, Hyderabad-500081, Telangana, India |
|
Date of Appointment : |
01.11.2017 |
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PAN No. : |
AAVPS4145B |
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|
Name : |
G Veerabhadram |
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Designation : |
President - Crop Protection |
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|
Name : |
Mr. Amir Alvi |
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Designation : |
Executive Vice President and Head Manufacturing (Fertilisers) |
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|
Name : |
Mr. Arun Leslie George |
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Designation : |
Executive Vice President and Head – Business (SSP) |
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Name : |
P Gopalakrishna |
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Designation : |
Executive Vice President - Specialty Nutrients and Business
Development |
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|
Name : |
S Govindarajan |
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Designation : |
Executive Vice President and Head of Commercial |
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|
Name : |
Mr. Kalidas Pramanik |
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Designation : |
Executive Vice President – Marketing (Fertilisers and Organic) |
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|
Name : |
B Prasannatha Rao |
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Designation : |
Executive Vice President and Head-HR |
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|
Name : |
Ms. Ripu Daman Singh |
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Designation : |
Executive Vice President and Head – Retail |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2018
|
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 |
180721349 |
61.81 |
|
|
(B) Public |
111662060 |
38.19 |
|
|
Grand Total |
292383409 |
100.00 |
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 |
3365736 |
1.15 |
|
|
UMAYAL.R. |
4000 |
0.00 |
|
|
M.A.ALAGAPPAN |
4540 |
0.00 |
|
|
VALLI ANNAMALAI |
41200 |
0.01 |
|
|
M VELLACHI |
30 |
0.00 |
|
|
VALLI SUBBIAH |
20460 |
0.01 |
|
|
M A M ARUNACHALAM |
78660 |
0.03 |
|
|
ARUN ALAGAPPAN |
102940 |
0.04 |
|
|
M.A.ALAGAPPAN |
34000 |
0.01 |
|
|
LAKSHMI CHOCKA
LINGAM |
400 |
0.00 |
|
|
A VELLAYAN |
118510 |
0.04 |
|
|
M M VENKATACHALAM |
192486 |
0.07 |
|
|
LAKSHMI
VENKATACHALAM |
67920 |
0.02 |
|
|
LALITHA VELLAYAN |
103400 |
0.04 |
|
|
MEYYAMMAI
VENKATACHALAM |
130800 |
0.04 |
|
|
M V VALLI
MURUGAPPAN |
380630 |
0.13 |
|
|
S VELLAYAN |
168560 |
0.06 |
|
|
VALLI ARUNACHALAM |
2060 |
0.00 |
|
|
M.V.MURUGAPPAN |
5670 |
0.00 |
|
|
M M MURUGAPPAN |
378150 |
0.13 |
|
|
A M MEYYAMMAI |
72340 |
0.02 |
|
|
MEENAKSHI
MURUGAPPAN |
381540 |
0.13 |
|
|
M V SEETHA SUBBIAH |
53960 |
0.02 |
|
|
M V SUBBIAH |
256598 |
0.09 |
|
|
A VENKATACHALAM |
122670 |
0.04 |
|
|
V NARAYANAN |
140370 |
0.05 |
|
|
V ARUNACHALAM |
134770 |
0.05 |
|
|
ARUN VENKATACHALAM |
203010 |
0.07 |
|
|
SOLACHI RAMANATHAN |
3600 |
0.00 |
|
|
M V AR MEENAKSHI |
71300 |
0.02 |
|
|
SIGAPI ARUNACHALAM |
63580 |
0.02 |
|
|
V VASANTHA |
2500 |
0.00 |
|
|
DHRUV M ARUNACHALAM |
10500 |
0.00 |
|
|
VALLIAMMAI
MURUGAPPAN |
1832 |
0.00 |
|
|
PRANAV ALAGAPPAN |
71300 |
0.02 |
|
|
SIGAPI ARUNACHALAM |
63580 |
0.02 |
|
|
V VASANTHA |
2500 |
0.00 |
|
|
DHRUV M ARUNACHALAM |
10500 |
0.00 |
|
|
VALLIAMMAI
MURUGAPPAN |
1832 |
0.00 |
|
|
PRANAV ALAGAPPAN |
12750 |
0.00 |
|
|
Sivagami Natesan |
0.00 |
||
|
Valli Muthiah |
0.00 |
||
|
Kanika Subbiah |
0.00 |
||
|
Karthik Subbiah |
0.00 |
||
|
Kabir Subbiah |
0.00 |
||
|
Vedhika Meyyammai
Arunachalam |
0.00 |
||
|
Valli Alagappan |
0.00 |
||
|
Nagalakshmi
Arunachalam |
0.00 |
||
|
Anannya Lalitha
Arunachalam |
0.00 |
||
|
M M Veerappan |
0.00 |
||
|
M M Seethalakshmi |
0.00 |
||
|
M M Muthiah |
0.00 |
||
|
M V Muthiah |
0.00 |
||
|
Niranthara Alamelu
Jawahar |
0.00 |
||
|
Lakshmi Ramaswamy |
0.00 |
||
|
A A Alagammai |
0.00 |
||
|
M V Subramanian |
0.00 |
||
|
A.Keertika
Unnamalai |
0.00 |
||
|
M V Subbiah |
0.00 |
||
|
A Vellayan |
0.00 |
||
|
M M Murugappan |
0.00 |
||
|
M M Murugappan |
0.00 |
||
|
M A Alagappan |
0.00 |
||
|
M A Alagappan |
0.00 |
||
|
M Am Arunachalam |
0.00 |
||
|
Valli Arunachalam |
0.00 |
||
|
Any Other
(Specify) |
177355613 |
60.66 |
|
|
A M M Vellayan
Sons P Ltd |
6310 |
0.00 |
|
|
Carborundum
Universal Limited |
330 |
0.00 |
|
|
E.I.D.Parry (India)
Ltd. |
177155580 |
60.59 |
|
|
M.M.Muthiah Sons
Private Ltd |
90 |
0.00 |
|
|
Ambadi Investments
Limited |
7453 |
0.00 |
|
|
Ar Lakshmi Achi
Trust |
25140 |
0.01 |
|
|
A A Alagammai |
109900 |
0.04 |
|
|
M.A.Alagappan |
330 |
0.00 |
|
|
S.Vellayan |
8500 |
0.00 |
|
|
M A M Arunachalam |
15000 |
0.01 |
|
|
Arun Alagappan |
17000 |
0.01 |
|
|
S.Vellayan |
8500 |
0.00 |
|
|
M M Venkatachalam |
370 |
0.00 |
|
|
M M Murugappan |
370 |
0.00 |
|
|
M M Venkatachalam |
370 |
0.00 |
|
|
M M Murugappan |
370 |
0.00 |
|
|
V S Bhairavi Trust |
0.00 |
||
|
K S Shambhavi
Trust |
0.00 |
||
|
Parry America Inc |
0.00 |
||
|
Parrys Investments
Limited |
0.00 |
||
|
Parry
Infrastructure Company Private Limited |
0.00 |
||
|
Parrys Sugar
Limited |
0.00 |
||
|
Parry Agrochem
Exports Ltd |
0.00 |
||
|
Alimtec SA |
0.00 |
||
|
Liberty Pesticides
& Fertilizers Limited |
0.00 |
||
|
Parry Chemicals
Limited |
0.00 |
||
|
CFL Mauritius
Limited |
0.00 |
||
|
Sabero Europe BV |
0.00 |
||
|
Sabero Australia
Pty Ltd |
0.00 |
||
|
Sabero Organics
America SA |
0.00 |
||
|
Sabero Argentina
SA |
0.00 |
||
|
Sabero Organics
Philippines Asia Inc |
0.00 |
||
|
Coromandel
Agronegocios De Mexico SA DE CV |
0.00 |
||
|
Coromandel Brasil
Ltda Limited Liability Company |
0.00 |
||
|
Coromandel SQM
India Private Ltd |
0.00 |
||
|
Yanmar Coromandel
Agrisolutions Pvt Ltd |
0.00 |
||
|
Tunisian Indian
Fertilizer SATunisia |
0.00 |
||
|
Foskor Pty Limited
South Africa |
0.00 |
||
|
US Nutraceuticals
LLC |
0.00 |
||
|
Parry Sugars
Refinery India Private Limited |
0.00 |
||
|
Algavista
Greentech Private Limited |
0.00 |
||
|
La Bella Botanics
LLC |
0.00 |
||
|
Dare Investments
Limited |
0.00 |
||
|
New Ambadi Estates
Pvt Ltd |
0.00 |
||
|
Parry Enterprises
India Ltd |
0.00 |
||
|
Parry Agro
Industries Ltd |
0.00 |
||
|
Ambadi Enterprises
Ltd |
0.00 |
||
|
Murugappa
Management Services Ltd |
0.00 |
||
|
Parry Murray Ltd
UK |
0.00 |
||
|
Tube Investments
of India Ltd Formerly TI Financial Holdings Ltd |
0.00 |
||
|
TI Tsubamex Pvt
Ltd |
0.00 |
||
|
Financiere C 10 |
0.00 |
||
|
Sedis SAS |
0.00 |
||
|
Sedis Company Ltd |
0.00 |
||
|
Sedis GmbH |
0.00 |
||
|
Great Cycles
Private Limited |
0.00 |
||
|
Creative Cycles
Private Limited |
0.00 |
||
|
Shanthi Gears Ltd |
0.00 |
||
|
Cholamandalam
Securities Ltd |
0.00 |
||
|
Cholamandalam
Distribution Services Ltd |
0.00 |
||
|
Chola Insurance Distribution
Services Pvt Ltd Formerly Chola Insurance Services Pvt. Ltd |
0.00 |
||
|
Chola Business
Services Ltd |
0.00 |
||
|
Cholamandalam
Investment and Finance Co Ltd |
0.00 |
||
|
Kartik Investments
Trust Limited |
0.00 |
||
|
CherryTin Online Private
Limited |
0.00 |
||
|
Cholamandalam MS
General Insurance Company Ltd |
0.00 |
||
|
Cholamandalam MS
Risk Services Ltd |
0.00 |
||
|
Chola People
Services Private Ltd |
0.00 |
||
|
Cholamandalam
Health Insurance Ltd |
0.00 |
||
|
TI Financial Holdings
Limited Formerly Tube Investments of India Ltd |
0.00 |
||
|
TI Absolute
Concepts Private Ltd |
0.00 |
||
|
CUMI America Inc |
0.00 |
||
|
Net Access
India limited |
0.00 |
||
|
Southern Energy
Development Corporation Ltd |
0.00 |
||
|
Sterling Abrasives
Ltd |
0.00 |
||
|
CUMI Australia Pty
Ltd |
0.00 |
||
|
CUMI Middle East
FZE |
0.00 |
||
|
CUMI International
Ltd |
0.00 |
||
|
Volszhsky
Abrasives Works |
0.00 |
||
|
Foskor Zirconia
Pty LimitedSouth Africa |
0.00 |
||
|
CUMI Abrasives and
Ceramics Company Ltd China |
0.00 |
||
|
CUMI Europe sro |
0.00 |
||
|
Thukela
Refractories Isithebe Proprietary Limited |
0.00 |
||
|
Wendt India Ltd |
0.00 |
||
|
Murugappa Morgan
Thermal Ceramics Ltd |
0.00 |
||
|
CIRIA India Ltd. |
0.00 |
||
|
Coromandel
Engineering Company Limited |
0.00 |
||
|
Murugappa
Educational & Medical Foundation |
0.00 |
||
|
M A Alagappan
Holdings Private Limited |
0.00 |
||
|
Kadamane Estates
Company |
0.00 |
||
|
Yelnoorkhan Group
Estates |
0.00 |
||
|
Murugappa &
Sons |
0.00 |
||
|
MM Muthiah
Research Foundation |
0.00 |
||
|
M A Murugappan
Holdings Pvt Limited |
0.00 |
||
|
AMM Foundation |
0.00 |
||
|
Genfour Properties
Pvt Ltd |
0.00 |
||
|
Sub Total A1 |
180721349 |
61.81 |
|
|
A2) Foreign |
0.00 |
||
|
M M VEERAPPAN |
0.00 |
||
|
A=A1+A2 |
180721349 |
61.81 |
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/ |
27030131 |
9.24 |
|
|
DSP BLACKROCK
EQUITY OPPORTUNITIES FUND |
5305464 |
1.81 |
|
|
L AND T MUTUAL
FUND TRUSTEE LTD L AND T MID CAP FUND |
5379974 |
1.84 |
|
|
UTI LONG TERM
EQUITY FUND TAX SAVING |
4073768 |
1.39 |
|
|
Alternate
Investment Funds |
784954 |
0.27 |
|
|
Foreign Portfolio Investors |
16314768 |
5.58 |
|
|
Financial
Institutions/ Banks |
238166 |
0.08 |
|
|
Insurance
Companies |
2610328 |
0.89 |
|
|
Any Other
(specify) |
1840 |
0.00 |
|
|
Sub Total B1 |
46980187 |
16.07 |
|
|
B2) Central
Government/ State Government(s)/ President of India |
0.00 |
||
|
B3)
Non-Institutions |
0.00 |
||
|
Individual share
capital up to INR 0.200 million |
27979680 |
9.57 |
|
|
Individual share
capital in excess of INR 0.200 million |
4966456 |
1.70 |
|
|
NBFCs registered
with RBI |
128442 |
0.04 |
|
|
Any Other
(specify) |
31607295 |
10.81 |
|
|
GROUPE CHIMIQUE
TUNISIEN |
4800000 |
1.64 |
|
|
ICICI PRUDENTIAL
LIFE INSURANCE COMPANY LIMITED |
13665482 |
4.67 |
|
|
Sub Total B3 |
64681873 |
22.12 |
|
|
B=B1+B2+B3 |
111662060 |
38.19 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturing and Distributing Crop Protection Products such as Insecticides, Fungicides and Herbicides. ·
Manufacture a Wide Range of Fertilisers. (Registered Activity) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Not Divulged |
||||||
|
|
|
||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
4309 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India · HDFC Bank Limited · ICICI Bank Limited ·
Axis Bank Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
1-8-384 and 385,
3rd Floor, Gowra Grand, S.P. Road, Begumpet, Secunderabad – 500003, Telangana
, India |
|
Tel. No.: |
91-40-66032600 |
|
Fax No.: |
91-40-66032714 |
|
|
|
|
Cost Auditor : |
·
V Kalyanaraman ·
Jyothi Satish |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Comapnies : [As on: 31.03.2017] |
·
Liberty Pesticides and Fertilisers Limited
(LPFL) ·
Sabero Organics America S.A. (SOAL) ·
Sabero Australia Pty Limited, Australia
(Sabero Australia) ·
Sabero Europe B.V. (Sabero Europe) ·
Sabero Argentina S.A. (Sabero Argentina) ·
Coromandel Agronegocios de Mexico, S.A de C.V.
(Coromandel Mexico) ·
Parry Chemicals Limited (PCL) ·
Dare Investments Limited (DIL) ·
CFL Mauritius Limited (CML) ·
Coromandel Brasil Limitada (CBL) |
|
|
|
|
Associates Companies : [As on: 31.03.2017] |
Sabero Organics Philippines Asia Inc |
|
|
|
|
Joint Venture : [As on: 31.03.2017] |
· Coromandel Getax Phosphates Pte Limited (CGPL) · Coromandel SQM (India) Pvt Limited (CSQM) · Yanmar Coromandel Agrisolutions Private Limited (YCAS) |
|
|
|
|
Parent Company : [As on:
31.03.2017] |
· E.I.D.-Parry (India) Limited |
|
|
|
|
Fellow Subsidiaries
: [As
on: 31.03.2017] |
· Parry Infrastructure Company Private Limited (PICPL) · Parry Sugar Industries Limited (PSIL) |
|
|
|
|
Associate of Parent
Company : [As on: 31.03.2017] |
· Parry Enterprises (India) Limited (PEIL) |
|
|
|
|
Employee Benefit
Plans : [As on: 31.03.2017] |
· Coromandel Provident Fund · Coromandel Provident Fund No. 1 · CFL Gratuity Fund · Coromandel Gratuity Fund – I · Coromandel Gratuity Fund – II · Coromandel Management Staff Pension Fund · Coromandel Superannuation Fund · Coromandel Benevolent Fund |
CAPITAL STRUCTURE
AS ON 31.03.2018
Authorised Capital: NOT AVAILABLE
Issued, Subscribed & Paid-up Capital: INR 292.400
Million
AS ON 28.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000000 |
Equity Shares |
INR 1/- each |
INR 350.000 Million |
|
5000000 |
Cumulative Redeemable Preference Shares |
INR 10/- each |
INR 50.000 Million |
|
|
Total |
|
INR 400.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
291669127 |
Equity Shares |
INR 1/- each |
INR 291.700 Million |
|
|
|
|
|
Reconciliation of number
of equity shares and amount outstanding at the beginning and at the end of the
year:
|
Particular |
Numbers of Shares |
Amount |
|
Balance as at 1 April 2015 |
291250357 |
291.300 |
|
Add: Equity shares allotted pursuant to exercise of stock options |
70108 |
* |
|
Balance as at 31 March 2016 |
291320465 |
291.300 |
|
Add: Equity shares allotted pursuant to exercise of stock options |
348662 |
0.400 |
|
Balance as at 31 March 2017 |
291669127 |
291.700 |
*less than a lakh
Rights, preferences
and restriction relating to each class of share capital:
Equity shares: The Company has one class of equity shares having a face value of INR 1 each . Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the Shareholders in the ensuing Annual General Meeting, except in the case of interim dividend.
As at 31 March 2017, E.I.D.-Parry (India) Limited (Parent Company) held 177155580 (2016: 177155580, 2015: 177155580) equity shares of INR 1 each fully paid-up representing 60.74% (2016: 60.81%, 2015: 60.83%) of the paid up capital. ICICI Prudential Life Insurance Company Limited held 14730079 (2016: 15132363, 2015: 1,26,12,330) equity shares of INR 1 each fully paid-up representing 5.05% (2016: 5.19%, 2015: 4.33%). There are no other shareholders holding more than 5 % of the issued capital.
Share options granted
under the Company's employee share option plan
As at 31 March 2017, shares reserved for issue under the 'ESOP 2007' scheme is 8794148 (2016: 9142810, 2015: 9212918) equity shares of INR 1 each and under the 'ESOP 2016' scheme is 14581000 (2016: Nil; 2015: Nil) equity shares of INR 1 each.
As at 31 March 2017, shares reserved for issue under the 'ESOP 2007' scheme is 8794148 (2016: 9142810, 2015: 92,12,918) equity shares of INR 1 each and under the 'ESOP 2016' scheme is 14581000 (2016: Nil; 2015: Nil) equity shares of INR 1 each.
Details of bonus
shares issued, shares issued for consideration other than cash during the
period of fi ve years immediately preceding the reporting date
During the year ended 31 March 2015:
(a) 2574193 equity shares of INR 1 each fully paid-up were allotted to shareholders of ertwhile Liberty Phosphate Limited (LPL) in the proportion of 7 equity shares of INR 1 each of the Company for every 8 equity shares of INR 10 each held in the LPL pursuant to the Scheme of Amalgamation between LPL and the Company.
(b) 5309210 equity shares of INR 1 each fully paid-up were allotted to shareholders of ertwhile Sabero Organics Gujarat Limited (Sabero) in the proportion of 5 equity shares of INR 1 each of the Company for every 8 equity shares of INR 10 each held in Sabero pursuant to the Scheme of Amalgamation between Sabero and the Company.
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
292.400 |
291.700 |
291.300 |
|
(b) Reserves &
Surplus |
31425.200 |
27827.600 |
24736.300 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
31717.600 |
28119.300 |
25027.600 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
440.600 |
|
(b) Deferred tax
liabilities (Net) |
1256.200 |
1485.100 |
1660.500 |
|
(c) Other long term
liabilities |
143.900 |
114.600 |
123.100 |
|
(d) long-term provisions |
110.300 |
141.700 |
177.900 |
|
Total Non-current
Liabilities (3) |
1510.400 |
1741.400 |
2402.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
27308.100 |
22305.600 |
25826.300 |
|
(b) Trade payables |
33587.000 |
29316.500 |
32311.500 |
|
(c) Other current
liabilities |
3491.000 |
3999.600 |
4812.200 |
|
(d) Short-term provisions |
90.600 |
147.400 |
78.800 |
|
Total Current Liabilities
(4) |
64476.700 |
55769.100 |
63028.800 |
|
|
|
|
|
|
TOTAL |
97704.700 |
85629.800 |
90458.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12933.200 |
13157.000 |
13099.300 |
|
(ii) Intangible Assets |
0.000 |
79.200 |
53.200 |
|
(iii) Capital
work-in-progress |
359.600 |
137.100 |
308.600 |
|
(iv) Intangible assets
under development |
106.200 |
82.500 |
107.700 |
|
(b) Non-current
Investments |
2876.900 |
3340.600 |
3694.100 |
|
(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 |
898.500 |
662.400 |
915.400 |
|
Total Non-Current Assets |
17174.400 |
17458.800 |
18178.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.400 |
1.300 |
2.700 |
|
(b) Inventories |
22271.300 |
17246.100 |
23457.600 |
|
(c) Trade receivables |
15231.300 |
16184.900 |
16397.400 |
|
(d) Cash and cash
equivalents |
5478.700 |
1635.200 |
1826.000 |
|
(e) Short-term loans and
advances |
213.800 |
5151.000 |
4801.000 |
|
(f) Other current assets |
11065.200 |
27952.500 |
25795.500 |
|
Government Subsidiaries
receivables |
26268.600 |
0.000 |
0.000 |
|
Total Current Assets |
80530.300 |
68171.000 |
72280.200 |
|
|
|
|
|
|
TOTAL |
97704.700 |
85629.800 |
90458.500 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
109865.400 |
100209.600 |
114725.800 |
|
|
Other Income |
578.000 |
533.800 |
653.800 |
|
|
TOTAL |
110443.400 |
100743.400 |
115379.600 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
64963.900 |
55852.300 |
67674.100 |
|
|
Purchases of
Stock-in-Trade |
12396.700 |
12207.300 |
20604.700 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1802.300) |
3056.000 |
(1133.600) |
|
|
Employees benefits
expense |
3502.500 |
3101.500 |
2912.500 |
|
|
Other expenses |
8452.300 |
16172.200 |
17015.700 |
|
|
Exceptional Item |
0.000 |
0.000 |
(250.000) |
|
|
Excise Duty |
434.300 |
0.000 |
0.000 |
|
|
Freight and Distribution
Expenses |
9715.800 |
0.000 |
0.000 |
|
|
TOTAL |
97663.200 |
90389.300 |
106823.400 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
12780.200 |
10354.100 |
8556.200 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1784.400 |
2236.700 |
2209.100 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
10995.800 |
8117.400 |
6347.100 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
970.600 |
998.800 |
1055.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
10025.200 |
7118.600 |
5291.600 |
|
|
|
|
|
|
|
Less |
TAX |
3431.100 |
2350.800 |
1713.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
6594.100 |
4767.800 |
3578.600 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
5271.200 |
4874.900 |
|
|
TOTAL EARNINGS |
NA |
5271.200 |
4874.900 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
Basic |
22.57 |
16.35 |
12.29 |
|
|
Diluted |
22.50 |
16.34 |
12.28 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
0.000 |
500.100 |
|
|
|
|
|
|
Cash generated from operations |
NA |
11822.100 |
1912.800 |
|
|
|
|
|
|
Net cash flow from operating activity |
NA |
9170.200 |
181.300 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
50.60 |
58.95 |
52.17 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.21 |
6.19 |
7.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
158.47 |
157.22 |
133.60 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.57 |
0.60 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.95 |
0.77 |
0.63 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.65 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.86 |
0.79 |
1.05 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.03 |
1.98 |
2.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.42 |
0.48 |
0.54 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.16 |
4.63 |
3.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.00 |
4.76 |
3.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.75 |
5.57 |
3.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.79 |
16.96 |
14.30 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.25 |
1.22 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.90 |
0.91 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.33 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
93.39 |
76.47 |
90.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.25 |
1.22 |
1.15 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 1.00/- |
|
|
|
|
Market Value |
INR 460.95/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
291.300 |
291.700 |
292.400 |
|
Reserves & Surplus |
24736.300 |
27827.600 |
31425.200 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
25027.600 |
28119.300 |
31717.600 |
|
|
|
|
|
|
long-term borrowings |
440.600 |
0.000 |
0.000 |
|
Short term borrowings |
25826.300 |
22305.600 |
27308.100 |
|
Total
borrowings |
26266.900 |
22305.600 |
27308.100 |
|
Debt/Equity
ratio |
1.050 |
0.793 |
0.861 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
114725.800 |
100209.600 |
109865.400 |
|
|
|
(12.653) |
9.636 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
114725.800 |
100209.600 |
109865.400 |
|
Profit/ (Loss) |
3578.600 |
4767.800 |
6594.100 |
|
|
3.12% |
4.76% |
6.00% |
LEGAL CASES
NOTE: LITIGATION DETAILS FILE ATTACHED
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
Litigations that the firm/promoter
involved in |
Yes |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G55781447 |
100126726 |
AXIS BANK LIMITED |
27/09/2017 |
- |
- |
1500000000.0 |
CORPORATE BANKING BRANCH1ST FLOOR, G.PULLAREDDY BUILDING,GREENLANDS,BEGUMPHYDERABADTG500016IN |
|
2 |
B37970415 |
10333799 |
AXIS BANK LIMITED |
10/01/2012 |
31/03/2012 |
- |
650000000.0 |
FORT BR., UNIVERSAL INSU. BLDG.,SIR P.M ROAD, FORTMUMBAIMH400001IN |
|
3 |
B13857669 |
10289148 |
ICICI BANK LIMITED |
12/05/2011 |
- |
- |
3000000000.0 |
CORPORATE BANKING GROUP, 6TH FLOOR,ICICI BANK TOWEPLOT NO.12, NANAKRAMGUDA, SERILLINGAMPALLYHYDERABADAP500032IN |
|
4 |
B17713066 |
10231502 |
IDBI BANK LIMITED |
18/06/2010 |
14/07/2011 |
- |
4500000000.0 |
IDBI TOWER, WORLD TRADE COMPLEXCUFFE PARADEMUMBAIMH400005IN |
|
5 |
B94088523 |
10128572 |
YES BANK LIMITED |
24/10/2008 |
23/12/2013 |
- |
1000000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIADR ANNE BESANT ROAD, WORLIMUMBAIMH400018IN |
|
6 |
B38296471 |
10128569 |
HDFC BANK LIMITED |
24/10/2008 |
05/04/2012 |
- |
4000000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
C79205712 |
10123872 |
STATE BANK OF INDIA |
23/09/2008 |
21/01/2016 |
- |
18500000000.0 |
CORPORATE ACCOUNTS GROUP BRANCH, 3RD FLOOR,SIGAPI ACHI BUILDING, NO. 18/3, EGMORECHENNAITN600008IN |
|
8 |
A09695214 |
10034877 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD |
09/01/2007 |
- |
- |
510000000.0 |
MAHAVIR HOUSE, BASHEERBAGH SQUAREHYDERABADHYDERABADAP500029IN |
|
9 |
A01570001 |
10015443 |
ANDHRA BANK |
01/06/2006 |
08/09/2006 |
- |
250000000.0 |
50, SEBASTIAN ROAD SECUNDERABADSECUNDERABADAP500003IN |
|
10 |
Z00046335 |
80012542 |
IDBI BANK LIMITED |
21/03/2006 |
08/09/2006 |
- |
67500000.0 |
MAHAVEER HOUSE, BASHEERBAGH SQUAREHYDERABADHYDERABADAP500029IN |
GENERAL
INFORMATION [AS ON: 31.03.2017]
The Company is a limited
company incorporated in India, equity shares of which are listed on the Bombay
Stock Exchange and the National Stock Exchange in India. Its parent company is
E.I.D.-Parry (India) Limited.
The address of its
registered office and principal place of business are disclosed in the annual
report. The Company is engaged in the business of farm inputs comprising of
fertiliser, crop protection, specialty nutrients and organic compost.
UNSECURED LOAN
|
Particular |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loan repayable on demand from banks |
NA |
6255.700 |
|
Short term loans from Banks |
NA |
5298.400 |
|
Short term loans from Other |
NA |
1000.000 |
|
Loans from related parties |
NA |
21.800 |
|
|
|
|
|
Total |
AN |
12575.900 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
In respect of matters under dispute: |
|
|
|
Excise duty |
NA |
62.800 |
|
Customs duty |
NA |
39.700 |
|
Sales tax |
NA |
154.300 |
|
Income tax |
NA |
208.000 |
|
Service tax |
NA |
21.400 |
|
Others |
NA |
192.900 |
|
|
|
|
|
Total |
NA |
679.100 |
FIXED ASSETS [As on: 31.03.2017]
·
Land
·
Buildings
·
Road
·
Railway Siding
·
Plant and Equipment
·
Office Equipment
·
Furniture and Fixtures
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 67.38 |
|
UK Pound |
1 |
INR 91.09 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--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.