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|
MIRA INFORM REPORT
|
Report No. : |
508214 |
|
Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME PETROCHEM LIMITED |
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Registered
Office : |
Solitaire Corporation Park, Building No. 11, 5th Floor, 167,
Guru Hargovinji Marg, Chakala, Andheri (East), Mumbai – 400093, Maharashtra |
|
Tel. No.: |
91-22-67091900 / 67091977 / 1915 / 1917 |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
14.12.1989 |
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Com. Reg. No.: |
11-054633 |
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Capital
Investment / Paid-up Capital : |
INR 965.020 Million |
|
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|
|
CIN No.: [Company Identification
No.] |
L23200MH1989PLC054633 |
|
|
|
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IEC No.: [Import-Export Code No.] |
0392048094 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACS7249C |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACS7249C1ZF |
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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
: |
The company is engaged in the business of Styrenics and Manufacturer Polystyrene
(PS), Expandable Polystyrene (EPS), Masterbatches and Compounds of Styrenics
and other Polymers, Extruded Polystyrene Insulation Board (XPS). (Registered
activity) |
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|
|
|
No. of Employees
: (As on
31.03.2017) |
353 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Supreme Petrochem Limited (SPL) is engaged in manufacturing of polystyrene (PS), Expendable Polystyrene (EPS), Specialty Polymers and Compounds and Extruded Polystyrene (XPS).
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Rating |
|
Rating |
Long Term Rating = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
02.01.2018 |
|
Rating Agency Name |
India Rating |
|
Rating |
Short-Term Rating = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
02.01.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 12.05.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-22-67091977 / 1915 / 1917)
91-22-67091900 (RINGING)
LOCATIONS
|
Registered / Corporate Office : |
Solitaire Corporation Park, Building No. 11, 5th Floor,
167, Guru Hargovinji Marg, Chakala, Andheri (East), Mumbai – 400093,
Maharashtra, India |
|
Tel. No.: |
91-22-67091900 / 67091977 / 1915 / 1917 |
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Fax No.: |
91-22-40055681 / 67091925 |
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E-Mail : |
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Website : |
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Branch Office: |
No. 314/C, 1 Floor, Contoor Road, Opposite, Co-Operative Training Institute,
Padmanabhanagar, Bangalore – 560070, Karnataka, India |
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Administrative Office : |
404, Raheja Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India |
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Factory 1 : |
1020, Wakan Roha Road, Village Amdoshi/ Wangani, Post: Patansai, Taluka Roha,
District Raigad – 402106, Maharashtra, India |
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Tel. No.: |
91-2194-222540-2548 |
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Fax No.: |
91-2194-222337/
2537/ 2617 |
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E-Mail : |
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Factory 2 : |
Ammulavoyil Village, Andarkuppam Post, Manali New Town, Chennai –
600103, Tamilnadu, India |
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Marketing Offices : |
Located at:
|
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Rajan Beharilal Raheja |
|
Designation : |
Director |
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Date of Birth/Age : |
17.06.1954 |
|
Qualification : |
B. Com |
|
Experience of
specific functional area : |
He is the Promoter of R. Raheja Group. He started his business career over 40 years ago. His business range includes batteries, cable television, ceramic tiles, cement, construction and petrochemicals. He is also on the Board of many other well known Companies. Over the years Shri Raheja has also been dedicating himself to various educational and charitable Trusts. |
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Date of Appointment : |
14.12.1989 |
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DIN No.: |
00037480 |
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Name : |
Mr. Bajranglal Surajmal Taparia |
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Designation : |
Director |
|
Address : |
Flat No. 3103, 31st Floor, Vivarea Tower, "B" Wing, Sane Guruji Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
|
Date of Birth/Age : |
22.11.1993 |
|
Qualification : |
B. A. |
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Experience of
specific functional area : |
He is Chairman of The Supreme Industries Limited. Started his business career over 57 years ago. Has long experience in managing businesses. Also associated with Philanthropic activities. |
|
Date of Appointment : |
22.11.1993 |
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DIN No.: |
00112438 |
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|
Name : |
Mr. Shivratan Jeetmal Taparia |
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Designation : |
Director |
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Address : |
71, Girikunj, 6th Road, Marine Lines, Mumbai-400020, Maharashtra, India |
|
Qualification : |
B. E. (Mechanical) |
|
Experience : |
Expertise and rich experience in technical, operational and marketing
aspects of industrial products. Actively involved in industry forum. |
|
Date of Appointment : |
22.11.1993 |
|
DIN No.: |
00112513 |
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|
|
|
Name : |
Mr. Mahavirprasad Surajmal Taparia |
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Designation : |
Director |
|
Address : |
Girikunj, 71, Marine Drive F, Churchgate, Mumbai-400020, Maharashtra, India |
|
Date of Birth/Age : |
26.02.1945 |
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Qualification : |
B E (Mechanical) |
|
Experience : |
Former Chairman of IOC. Attended advanced Management Programme from Ashridge Management College in England and IIM in Ahmedabad. Also served as the Executive Director of Oil Co-ordination Committee. One of the foremost authorities on the Oil, Gas and Petrochemical Sector and is associated with many national and international companies. Inducted into the Hall of Fame at Chemtech Pharma Bio Award Function in April 2005. |
|
Date of Appointment : |
14.12.1989 |
|
DIN No.: |
00943629 |
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|
|
|
Name : |
Mr. Ramanathan Kannan |
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Designation : |
Director |
|
Address : |
21, Parthasarathypuram, North Usman Road, T. Nagar, Chennai-600017, Tamil Nadu, India |
|
Date of Birth/Age : |
23.09.1947 |
|
Qualification : |
M. Tech. Chemical Engineering and Chartered Financial
Analyst. |
|
Experience : |
He was formerly General Manager of ICICI Limited, in
charge of the Oil & Gas division and thereafter Director of The Institute
of Financial Management and Research, Chennai. He is currently a faculty
Member of the Institute and is considered an expert in the Oil, Gas and
Petrochemical Industry. |
|
Date of Appointment : |
17.05.2005 |
|
DIN No.: |
00380328 |
|
|
|
|
Name : |
Mr. Nihalchand Chunilal Chauhan |
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Designation : |
Director |
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Date of Birth/Age : |
20.11.1935 |
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Qualification : |
B. Com. (Hons.) L.L.B., CAIIB |
|
Experience : |
He is respected and well known personality in Banking and Financial circles, has over 55 years’ experience in domestic and International Banking. His rich and varied experience includes long stints with State Bank of India and Arab Monetary Fund, Abudhabi. |
|
Date of Appointment : |
27.04.2006 |
|
DIN No.: |
00021782 |
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|
|
|
Name : |
Ms. Ameeta Aziz Parpia |
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Designation : |
Director |
|
Address : |
Blooming Heights, 5th Floor, Flat No. 9, Auxillium Convent Road, Bandra, Mumbai-400050, Maharashtra, India |
|
Qualification : |
B.A., LLB. |
|
Experience : |
Senior Solicitor and Advocate with long experience in legal field. |
|
Date of Appointment : |
24.04.2013 |
|
DIN No.: |
02654277 |
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|
|
|
Name : |
Dr. Swaminathan Sivram |
|
Designation : |
Director |
|
Address : |
Apartment No. 10, Gulmohar Glory-5, Gulmohar Park, ITI Road, Aundh, Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
70 Years |
|
Qualification : |
M. Sc. (Chemistry) from IIT, Kanpur and PhD and DSc (h.c.) from Purdue University, W. Lafayette, Indiana USA |
|
Experience of
specific functional area : |
Dr. Sivaram is presently a CSIR Bhatnagar Fellow at the National Chemical Laboratory (NCL), Pune, India. Prior to this, he served as the eighth Director of NCL (2002-10). Dr. Sivaram is a highly decorated scientist with numerous awards to his credits. He is a recipient of the Vishwakarma Medal (INSA), Silver Medal of the Chemical Research Society of India, Millennium Medal of the Indian Science Congress Association, Distinguished Alumnus Award of IIT, Kanpur, Professor S.R. Palit Memorial Award of the Indian Association for Cultivation of Science, K.G. Naik Gold Medal of M.S. University, Baroda, FICCI Award in Physical Sciences, Om Prakash Bhasin Award, Goyal prize in Applied Sciences and the Distinguished Material Scientist of the Year Award, 2011 bestowed by Materials Research Society of India The President of India conferred the coveted civilian honor, Padma Shri, on Dr. Sivaram in 2006. He has mentored the Ph.D. thesis of 36 students and published over 210 papers in peer reviewed scientific journals. He is cited as an inventor in 49 granted European and US as well as 52 Indian patents. |
|
Date of Appointment : |
23.09.2014 |
|
DIN No.: |
00009900 |
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|
|
|
Name : |
Mr. Madras Seshamani Ramachandran |
|
Designation : |
Director |
|
Address : |
C-23, Green Park Main, Second Floor, Hauz Khas Enclave, New Delhi-110016, India |
|
Date of Appointment : |
26.07.2005 |
|
DIN No.: |
00943629 |
KEY EXECUTIVES
|
Name : |
Mr. Nageswaran Gopal |
|
Designation : |
Manager |
|
Address : |
603/604, Building-14, Indradarshan, Oshiwara, Mumbai-400053, Maharashtra, India |
|
Date of Appointment : |
20.04.2016 |
|
PAN No.: |
AAKPG8934H |
|
|
|
|
Name : |
Mr. Ravi Vasant Kuddyady |
|
Designation : |
Company Secretary |
|
Address : |
D/5, 301, Krishna Kaveri, Yamuna Nagar, Opposite Link Road, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Date of Appointment : |
01.09.1992 |
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PAN No.: |
AADPK1685N |
|
|
|
|
Name : |
Mr. Rakesh Nayyar |
|
Designation : |
Chief Finance Officer |
|
Address : |
A-602, Deepali St. Cyril Road, Bandra (West), Mumbai-400050, Maharashtra, India |
|
Date of Appointment : |
18.07.2014 |
|
PAN No.: |
AAAPN2539B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on March, 2018
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of
shares |
|
|
Promoter and Promoter Group |
60133600 |
62.31 |
|
|
Public |
36368358 |
37.69 |
|
|
Grand Total |
96501958 |
100.00 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER
GROUP
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of
shares |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu undivided Family |
1100 |
0.00 |
|
|
SUMAN R RAHEJA |
300 |
0.00 |
|
|
RAJAN B RAHEJA |
400 |
0.00 |
|
|
AKSHAY RAJAN RAHEJA |
200 |
0.00 |
|
|
VIREN RAJAN RAHEJA |
200 |
0.00 |
|
|
Any Other (specify) |
60132500 |
62.31 |
|
|
BLOOMINGDALE INVESTMENT & FINANCE PRIVATE LIMITED |
200 |
0.00 |
|
|
CORONET INVESTMENTS PRIVATE LIMITED |
635300 |
0.66 |
|
|
HATHWAY INVESTMENTS PRIVATE LIMITED |
784400 |
0.81 |
|
|
MATSYAGANDHA INVESTMENT AND FINANCE PRIVATE LIMITE |
200 |
0.00 |
|
|
MANALI INVESTMENT & FINANCE PRIVATE LIMITED |
200 |
0.00 |
|
|
THE SUPREME INDUSTRIES |
28936400 |
29.99 |
|
|
VARAHAGIRI INVESTMENT AND FINANCE PVT LTD |
200 |
0.00 |
|
|
R RAHEJA INVESTMENTS PRIVATE LIMITED |
28936400 |
29.99 |
|
|
JOVIAL INVESTMENT AND TRADING COMPANY PRIVATELIMIT |
279733 |
0.29 |
|
|
VENKTESH INVESTMENT AND TRADING COMPANY PRIVATE LI |
279733 |
0.29 |
|
|
BOON INVESTMENT AND TRADING COMPANY PRIVATE LIMITE |
279734 |
0.29 |
|
|
Sub Total A1 |
60133600 |
62.31 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
60133600 |
62.31 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of
shares |
|
|
B1) Institutions |
0 |
0.00 |
|
|
Mutual Funds/ |
1640333 |
1.70 |
|
|
L & T MUTUAL FUND TRUSTEE LIMITED - L & t EMERGING BUSINESS FUND |
1449030 |
1.50 |
|
|
Foreign Portfolio Investors |
600364 |
0.62 |
|
|
Financial Institutions/ Banks |
200791 |
0.21 |
|
|
Any Other (specify) |
200 |
0.00 |
|
|
FOREIGN NATIONAL |
200 |
0.00 |
|
|
Sub Total B1 |
2441688 |
2.53 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0 |
0.00 |
|
|
B3) Non-Institutions |
0 |
0.00 |
|
|
Individual share capital upto INR 0.200 Million |
12612244 |
13.07 |
|
|
Individual share capital in excess of INR 0.200 Million |
16894561 |
17.51 |
|
|
NBFCs registered with RBI |
1917 |
0.00 |
|
|
Any Other (specify) |
4417948 |
4.58 |
|
|
Trusts |
21360 |
0.02 |
|
|
Non-Resident Indian (NRI) |
892944 |
0.93 |
|
|
Clearing Members |
30432 |
0.03 |
|
|
Bodies Corporate |
2186003 |
2.27 |
|
|
IEPF |
1287209 |
1.33 |
|
|
Sub Total B3 |
33926670 |
35.16 |
|
|
B=B1+B2+B3 |
36368358 |
37.69 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Styrenics and Manufacturer
Polystyrene (PS), Expandable Polystyrene (EPS), Masterbatches and Compounds of
Styrenics and other Polymers, Extruded Polystyrene Insulation Board (XPS).
(Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|
No. of Employees
: (As on
31.03.2017) |
353 (Approximately) |
||||||||||||||||||||||
|
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|
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|
Bankers : |
|
|
Auditors : |
|
|
Name : |
G. M. Kapadia and Company Chartered Accountants |
|
Tel No.: |
91-22-66116611 |
|
Fax No.: |
91-22-66116600 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Promoters : (As on 31.03.2017) |
|
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 965.020
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000000 |
Equity Shares |
INR 10/- each |
INR 1250.000 Million |
|
25000000 |
Redeemable Cumulative Preference Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 1500.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
96501958 |
Equity Shares |
INR 10/- each |
INR 965.020
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 (12 months) |
31.03.2017 (12 months) |
31.03.2016 (9 months) |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
965.020 |
965.020 |
965.020 |
|
(b) Reserves &
Surplus |
5490.888 |
4855.983 |
3182.259 |
|
(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) |
6455.908 |
5821.003 |
4147.279 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
487.400 |
478.694 |
479.636 |
|
(c) Other long term
liabilities |
30.799 |
26.325 |
18.967 |
|
(d) long-term provisions |
18.926 |
26.690 |
19.867 |
|
Total Non-current
Liabilities (3) |
537.125 |
531.709 |
518.470 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
5726.283 |
4318.218 |
4127.420 |
|
(c) Other current
liabilities |
218.952 |
608.712 |
571.090 |
|
(d) Short-term provisions |
19.254 |
17.444 |
15.421 |
|
Total Current Liabilities
(4) |
5964.489 |
4944.374 |
4713.931 |
|
|
|
|
|
|
TOTAL |
12957.522 |
11297.086 |
9379.680 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3322.403 |
3353.799 |
3313.242 |
|
(ii) Intangible Assets |
11.645 |
14.033 |
14.636 |
|
(iii) Capital
work-in-progress |
96.513 |
126.758 |
102.838 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.356 |
9.306 |
15.365 |
|
(e) Other Non-current
assets |
126.618 |
78.546 |
81.149 |
|
Total Non-Current Assets |
3570.535 |
3582.442 |
3527.230 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1106.026 |
0.000 |
0.000 |
|
(b) Inventories |
3128.594 |
3058.572 |
1814.442 |
|
(c) Trade receivables |
2952.639 |
3073.889 |
2811.617 |
|
(d) Cash and cash
equivalents |
1283.891 |
977.870 |
709.178 |
|
(e) Short-term loans and
advances |
7.063 |
5.042 |
26.900 |
|
(f) Other current assets |
908.774 |
599.271 |
490.313 |
|
Total Current Assets |
9386.987 |
7714.644 |
5852.450 |
|
|
|
|
|
|
TOTAL |
12957.522 |
11297.086 |
9379.680 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 (12 months) |
31.03.2017 (12 months) |
31.03.2016 (9 months) |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
31041.169 |
31963.024 |
23317.589 |
|
|
Other Operating Revenues |
80.201 |
199.950 |
214.889 |
|
|
Other Income |
0.000 |
74.919 |
34.683 |
|
|
TOTAL |
31121.370 |
32237.893 |
23567.161 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
18349.197 |
18296.142 |
12867.649 |
|
|
Purchases of
Stock-in-Trade |
7910.303 |
6725.635 |
4914.413 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(72.794) |
(886.834) |
282.356 |
|
|
Excise duty on safe of
goods |
775.118 |
2976.800 |
2851.953 |
|
|
Employees benefits
expense |
395.015 |
353.068 |
262.452 |
|
|
Other expenses |
1721.660 |
1725.402 |
1316.247 |
|
|
TOTAL |
29078.499 |
29190.213 |
22495.070 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2042.871 |
3047.680 |
1072.091 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
46.039 |
47.015 |
53.064 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1996.832 |
3000.665 |
1019.027 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
207.468 |
222.183 |
170.523 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1789.364 |
2778.482 |
848.504 |
|
|
|
|
|
|
|
Less |
TAX |
628.158 |
984.361 |
278.039 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1161.206 |
1794.121 |
570.465 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
6032.592 |
4724.785 |
|
|
TOTAL EARNINGS |
NA |
6032.592 |
4724.785 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
0.000 |
16139.936 |
|
|
Components and Stores
parts |
NA |
23433.484 |
11.350 |
|
|
Capital Goods |
NA |
0.000 |
5.446 |
|
|
TOTAL IMPORTS |
NA |
23433.484 |
16156.732 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.03 |
18.59 |
5.91 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 (12 months) |
31.03.2017 (12 months) |
31.03.2016 (9 months) |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
(1202.207) |
364.286 |
|
Net cash flow from operating activity |
NA |
686.372 |
837.523 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 (12 months) |
31.03.2017 (12 months) |
31.03.2016 (9 months) |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
34.72 |
35.10 |
44.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
10.51 |
10.40 |
8.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
79.59 |
62.99 |
84.72 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.65 |
1.00 |
0.59 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.60 |
0.87 |
0.31 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 (12 months) |
31.03.2017 (12 months) |
31.03.2016 (9 months) |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.46 |
0.44 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.92 |
0.85 |
1.14 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.53 |
0.60 |
0.83 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
44.37 |
64.82 |
20.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 (12 months) |
31.03.2017 (12 months) |
31.03.2016 (9 months) |
|
((PAT / Sales) * 100) |
% |
3.74 |
5.61 |
2.45 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets)
* 100) |
% |
8.96 |
15.88 |
6.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
17.99 |
30.82 |
13.76 |
SOLVENCY RATIOS
|
PARTICULARS |
30.06.2018 (12 months) |
31.03.2017 (12 months) |
31.03.2016 (9 months) |
|
Current Ratio (Current Assets / Current Liabilities) |
1.57 |
1.56 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.05 |
0.94 |
0.86 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.50 |
0.52 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.57 |
1.56 |
1.24 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 10.00/- each |
|
Market Value |
INR 316.00/- each |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 (12 months) |
31.03.2017 (12 months) |
31.03.2018 (12 months) |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
965.020 |
965.020 |
965.020 |
|
Reserves & Surplus |
3182.259 |
4855.983 |
5490.888 |
|
Net
worth |
4147.279 |
5821.003 |
6455.908 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 (12 months) |
31.03.2017 (12 months) |
31.03.2018 (12 months) |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
26391.089 |
23317.589 |
31963.024 |
|
|
|
(11.646) |
37.077 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 (12 months) |
31.03.2017 (12 months) |
31.03.2018 (12 months) |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
23317.589 |
31963.024 |
31041.169 |
|
Profit |
570.465 |
1794.121 |
1161.206 |
|
|
2.45% |
5.61% |
3.74% |
LEGAL
CASE
|
Bench:- Bombay |
||||||||||
|
Lodging No:- |
ITXAL/667/2017 |
Failing Date:- |
02.03.2017 |
Reg. No.:- |
ITXAL/1374/2017 |
Reg. Date:- |
21.09.2017 |
|||
|
Petitioner:- |
PR. COMMISSIONER OF INCOME TAX, CENTRAL |
Respondent:- |
M/S. SUPREME PETROCHEM LIMITED |
|||||||
|
Petn.Adv:- |
PADMA DIVAKAR (I3287) |
|
||||||||
|
District:- |
MUMBAI |
|||||||||
|
Bench:- |
DIVISION |
Category: |
TAX APPEALS |
|||||||
|
Status:- |
Pre-Admission |
Stage:- |
FOR REJECTION
[ORIGINAL SIDE MATTERS] |
|||||||
|
Last Date:- |
04.10.2017 |
|||||||||
|
Last Coram:- |
ACCORDING TO SITTING LIST |
|||||||||
|
Act:- |
Income Tax Act, 1961 |
Under Section:- |
260 A |
|||||||
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 |
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 |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE : The Registered Office of the company has been shifted from 612, Raheja Chambers, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address w.e.f. 30.09.2014.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Z00103627 |
80022213 |
UTI BANK LIMITED |
23/02/2006 |
- |
- |
200000000.0 |
FORTP M ROADMUMBAIMH400001IN |
|
2 |
Z00017133 |
80006091 |
STATE BANK OF INDIA |
28/11/2005 |
- |
- |
320000000.0 |
NARIMAN POINTMUMBAIMH400021IN |
|
3 |
Y10332851 |
90230060 |
ICICI BANK LIMITED |
21/06/2005 |
09/06/2006 |
- |
493080000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
4 |
Y10406221 |
90283294 |
ANDHRA BANK |
09/08/2004 |
06/09/2005 |
- |
65000000.0 |
MOUNT ROAD95; ANNA SALAICHENNAITN600002IN |
|
5 |
Y10332735 |
90229944 |
ING VYSYA BANK LTD. |
10/03/2004 |
- |
- |
200000000.0 |
OPERA HOUSEMUMBAIMHIN |
|
6 |
Y10404510 |
90281583 |
BANK OF INDIA |
27/08/2003 |
- |
- |
50250000.0 |
CHENNAI CORPORATE BANKING BRANCHTARAPORE TOWERS; ANNA SALAICALCUTTAWB600002IN |
|
7 |
Y10335317 |
90232526 |
STATE BANK OF INDIA |
25/11/1999 |
- |
- |
1486500000.0 |
COMMERCIAL BRANCHJUSTICE G.N. VAIDYA MARGMUMBAIMH400023IN |
|
8 |
Y10332251 |
90229460 |
IDBI BANK LTD. |
06/05/1999 |
- |
- |
150000000.0 |
IDBI TOWERCOLOBAMUMBAIMH40005IN |
|
9 |
Z00103625 |
80022212 |
STATE BANK OF INDIA |
25/11/1998 |
10/01/2006 |
- |
4100000000.0 |
COMMERCIAL BRANCHVAIDYA MARGMUMBAIMH400023IN |
|
10 |
C52783404 |
90229410 |
State Bank of India |
25/11/1998 |
24/04/2015 |
- |
9650000000.0 |
CORPORATE ACCOUNT GROUP BRANCHNEVILLE HOUSE, 23, J N HEREDIA MARGMUMBAIMH400001IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
Particulars |
30.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
(a) Claims against the company not acknowledged as debt;
(matters pending in court/ arbitration. No cash outflow is expected in
future.) |
|
|
|
Disputed Excise/ Service Tax demand |
NA |
183.197 |
|
Disputed Sales Tax demand. |
NA |
1.213 |
|
Disputed Income Tax liability (matters under appeal) |
NA |
2.303 |
|
|
|
|
|
(b) Other bank guarantees |
NA |
40.332 |
|
|
|
|
|
(c) Other money for which the Company is contingently
liable |
|
|
|
Letter of Credit opened by Bankers and outstanding at the
year end. |
NA |
1110.488 |
|
Bills discounted but not matured |
NA |
31.854 |
FIXED ASSETS (As on 31.03.2017)
· Land (Freehold)
· Buildings
· Plant and Machinery
· Office Equipment’s
· Computers
· Air conditioners
· Vehicles
· Furniture and Fixtures
· Computer Software
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 |
|
|
1 |
INR 91.39 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PON |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KJL |
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.