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MIRA
INFORM REPORT
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Report No. : |
509967 |
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Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
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Name : |
HINDALCO INDUSTRIES LIMITED (w.e.f. 1989) |
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Formerly Known
As : |
HINDUSTAN ALUMINIUM CORPORATION LIMITED |
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Registered
Office : |
Ahura Centre, 82, 1st Floor, B Wing, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra |
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Tel. No.: |
91-22-66917000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
15.12.1958 |
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Com. Reg. No.: |
11-011238 |
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Capital
Investment / Paid-up Capital : |
INR 2228.900 Million |
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CIN No.: [Company Identification
No.] |
L27020MH1958PLC011238 |
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IEC No.: [Import-Export Code No.] |
0388147237 |
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TIN No: |
27170298760 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACH1201R1ZN |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACH1201R |
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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 has two reportable
segments viz. Aluminium and Copper Description of each of the
reporting segments is as under: i. Aluminium Segment: This part of
business manufactures and sells Hydrate and Alumina, Aluminium and Aluminium
Products. ii. Copper Segment: This part of business manufactures and sells Copper Cathode, Continuous Cast Copper Rods, Sulphuric Acid, DAP & Complexes, Gold, Silver and other precious metals. (Registered Activity) |
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No. of Employees
: [As on 31.03.2017] |
23679 (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 |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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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 the flagship company of the Aditya Birla group established
in the year 1958. It is an integrated aluminum manufacturer. The company also
has a custom smelter in the copper business. For the financial year ended 2018, the company has sound operation
performance marked by impressive revenue profile and fair profitability
level. The company robust financial profile is reflected by healthy net worth
base along with low debt level of the company. The company also continue to derive strength from the leadership
position of Hindalco in India’s aluminium industry and being one of the
lowest cost producers for aluminium in the world, the highly reputed promoter
group (Aditya Birla Group), professionally qualified and experienced
management and strong liquidity profile. Share price are quoted high on stock exchange (i.e. share price of INR
232.00 with face value of INR 1). Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payments are
seems to be regular and as per commitment. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
INR 14000.000 Million Non Convertible Debentures = AA |
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Rating Explanation |
High degree of safety and very low credit risk. |
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Date |
April, 2018 |
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Rating Agency Name |
CRISIL |
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Rating |
INR 24000.000 Million Short Term Debt = A1+ (Including Commercial Paper) |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
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Date |
April, 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 21.05.2018.
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
[Contact No: 91-22-66917000/ 66917142]
LOCATIONS
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Registered/ Marketing Head/ International Marketing / Export Office: |
Ahura Centre, 82, 1st Floor, B Wing, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-66917142 /031
/ 30 / 37 / 40 /00 / 66917000 |
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Fax No.: |
91-22-66917070/ 6691
7001 |
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E-Mail : |
hindalco.rkt@rmjsprintrpg.ems.vsnl.net.in sujatha.sheshadri@adityabirla.com |
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Website : |
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Corporate
Office 1/ - Marketing/ Head Office
(Copper) 1 : |
Aditya Birla Centre, S. K. Ahire Marg, Worli, Mumbai –
400030, |
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Tel No.: |
91-22-66525000 / 24995000 |
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Fax No.: |
91-22-66525847 / 24995841 |
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Email : |
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Website: |
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Marketing Office (Copper) 2: |
Aditya Birla Centre, 1st Floor, D Wing Worli, Mumbai – 400030, Maharashtra, India |
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Tel. No.: |
91-22-66525205 / 24995205 |
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Fax No.: |
91-22-66525211 / 24995211 |
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Email : |
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Corporate
Office 2: |
Foil and Packaging Business, Kalwa Works, Thane
Belapur Road, Near Vitawa Village, Kalwa, Thane-400605, Maharashtra, India |
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Tel. No.: |
91-22-25347151 |
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Fax No. : |
91-22-24227586 |
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Email : |
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Corporate
Office 3: |
Century Bhavan, Dr. Annie Besant Road, 3rd Floor, Worli, Mumbai-400025, Maharashtra, India |
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Domestic Marketing
- West Zone |
264-265, Vasvani Chambers, 2nd Floor, Dr. Annie Besant Road, Opposite Old Passport Office, Worli, Mumbai - 400030, Maharashtra, India |
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Tel. No.: |
91-22-49204252 |
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Fax No. : |
91-22-49204500 |
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Email : |
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Regional offices
(Chemicals Marketing) - North |
Unit – Birla Copper Mindmill Corporates Towers, 5th Floor, 24 A, Film City, Sector – 16 A, Noida- 20130, Uttar Pradesh, India |
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Tel. No.: |
91-120-6692100 |
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Fax No. : |
91-120-6692105 |
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Regional offices
(Chemicals Marketing) - South |
Industry House, 2nd Floor, 45, Race Course Road, Bangalore – 560001, Karnataka, India |
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Tel. No.: |
91-80-40416118 |
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Regional offices
(Chemicals Marketing) - East |
Jeevan Deep Building 1, 1st Floor, Prafulla Chandra Sen Sarani, Middleton Street, Kolkata – 700071, West Bengal, India |
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Tel No.: |
91-33-22882680 |
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Email : |
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Regional
Office – Aluminum : |
Vandhana, 5th Floor ,11 Tolstoy Marg, New Delhi – 110001, India Tel No.: 91-11-42200204 / 228 / 230 / 271 / 200 Fax No.:91-11-23721595
Industry House, 7th Floor, 45, Race Course Road, Bangalore – 560001, Karnataka, India Tel No.:91-80-4041 6010 / 21 / 22 / 00 Email: sathish.chandra@adityabirla.com Jeevan Deep Building 1, 2nd Floor, Prafulla Chandra Sen Sarani, Middleton Street, Kolkata – 700071, West Bengal, India Tel No.: 91-33-22809710 Fax No.:91-33-22886139 |
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Regional Office
(East) : |
9th Floor, Industry House 10, Camac Street, Kolkata - 700017, West Bengal, India |
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Tel. No.: |
91-33-22809710 / 22886135 |
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Fax No. : |
91-33-22886139 |
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Email : |
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Regional Office (South)
: |
7th Floor, Industry House, 45 Race Course Road, Bangalore - 560001, Karnataka, india |
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Tel. No.: |
91-80-40416008 |
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Fax No. : |
91-80-22253086 |
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Email : |
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Principal
Office and Works / Renusagar Power Division : |
District
Sonbhadra, P. O. Renukoot – 231217, Mirzapur, Uttar Pradesh, India |
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Tel. No.: |
91-5446-252077-9/
272501-5 |
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Fax No.: |
91-5446-252107 /
252427/ 272382 |
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E-Mail : |
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Birla Copper
Division: |
P. O. Dahej,
Lakhigam, District Bharuch – 392130, Gujarat, India |
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Tel. No.: |
91-2641-256004-06/251009 |
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Fax No.: |
91-2641-251002-3 |
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E-Mail : |
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Foil and Wheels Division: |
Village Khutli,
Khanvel, Silvassa – 396230, |
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Tel. No.: |
91-260-2677021-4 |
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Fax No.: |
91-260-2677025 |
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Export Office: |
9/1, R. N.
Mukherjee Road, Kolkata – 700001, West Bengal, India |
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Tel. No.: |
91-33-22480949 /
22200464 |
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Fax No.: |
91-33-22200214 |
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Email: |
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Copper
Division : |
207, Ahura Centre, A Wing, 2nd Floor, 82, Mahakali Caves
Road, Andheri (East), Mumbai-400093, Maharashtra, India |
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Factories : |
ALUMINIUM
AND POWER
P.O. Renukoot -231217,
District Sonbhadra, Uttar Pradesh, India Tel No.: 91-5446-252077-9 Fax No.:91-5446-252107 P.B. No. 21 Alupuram
Kalamassery, Kerala 683 104, India Tel: +91-484-254 2890 / 254 2911 Fax: +91-484-254 1887 Email: vivek.jacob@adityabirla.com
P. O. Renusagar, District
Sonbhadra, Uttar Pradesh, India Tel No.: 91-5446-272502-5 Fax No.: 91-5446272382
Hirakud 768 016, District
Sambalpur, Orissa, India Tel No.: 91-663-
2481307/1452 Fax No.:91-663-2481356
Post Box No.12, Hirakud 768
016, District: Sambalpur, Orissa Alupuram, India Tel No.: 91-663- 2481307 Fax No.: 91-663- 2481342/365
NH-75-E, Singrauli, Sidhi Road, P.O., Bargawan, District- Singaruli - 486886, Madhya Pradesh, India Tel No.: 07805281014
Lapanga, District Sambalpur – 768212, Orissa, India Tel No.:91- 663-2114424 Fax No.: 91- 663-2590434
Post-Milupara, Tehsil-Tammar,, Disst.- Raigarh-496001 (CG), (Chhattisgarh)-496107, India
Gare Palma IV/5Underground Coal Mines, Village & Post-Milupara, Tehsil-Tamnar, Dist: Raigarh, (Chhattisgarh)-496107, India
Kathautia Open Cast Coal Mine, (Koccm), Village-Kathautia, P.O.-Naudiha, PS-Pandwa, Dist: Palamau, Jharkhand-822123, India
103, Commerce Tower, Near Mahavir Tower, Main Road, Ranchi-834001, India Tel: (0651) 2330944/48 Fax: (0651) 2330782 COPPER:
P.O. Dahej, Lakhigam Post,
District. Bharuch – 392 30, Gujarat, India Tel No.: 91-2641-
256004-06/ 251009 Fax No.: 91-2641- 251002-3 CHEMICALS:
Post Chotamuri-835 101, District
Ranchi, India Tel No.: : 91-6522- 244396
Fax No.: 91-6522-244231
Village Yamanapur , Belgaum
590 010 39, Karnataka, India Tel No.: 91-831-2472716 Fax No.:91-831-2472728 MINES
At Post Radhanagri, District:
Kolhapur, Maharashtra – 416 212, India Tel No.: 91-2321-260036 Fax No.: 91-2321-260037
District: Lohardaga – 835 302,
Jharkhand, India Tel No.: 91-6526-224446 Fax No.: 91-6526-224446
Hindalco Colony , Baba Chowk, Jashpur Mode, AT/PO – Kusmi, Dist. Balrampur – Ramanujganj, Chattisgarh – 497224, India SHEET,
FOIL, WHEEL, PACKAGING AND EXTRUSIONS
39, Grand Trunk Road,
Belurmath 711 202, District: Howrah, West Bengal,
India Tel No.: 91-33-26547210 Fax No.: 91-33-26549982
Plot 2, MIDC Industrial Area,
Taloja A.V., District: Raigad, Navi Mumbai – 410 208, Maharashtra, India Tel No. 91-22-27412261/ 66292929 Fax No.: 91-22-27412430
Alupuram, P.B. No.30,
Kalamassery – 683 104, District: Ernakulam, Kerala,
India Tel No.: 91-484-2532441 Fax No.: 91-484- 2532468
Village Dahali, Ramtek Road,
Mouda, Nagpur – 441 104, Maharashtra, India Tel No: 91-7115-660777/786
Village- Kollur, Re Puram
Mandal, Via Mutangi, Medak District, Andhra Pradesh – 502 300,
India Tel No:: 91-8413- 234300/ 234204/05 Fax No.: 91-8455-288829
Hirakud, District – Sambalpur -– 768016, Orissa, India Tel No.:91-663-6625000 Fax No.:91-663-2481344 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Madhukar Manilal Bhagat |
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Designation : |
Director |
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Address : |
13, Kabir Road, Kolkata-700026, West Bengal, India |
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Date of Appointment : |
15.03.1996 |
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DIN No.: |
00006245 |
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Name : |
Mr. Kumar Mangalam Birla |
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Designation : |
Director |
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Address : |
Mangal Adityayan, 20 Carmichel Road Behind Jaslok
Hospital, Mumbai-400026, Maharashtra, India |
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Date of Appointment : |
16.11.1992 |
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DIN No.: |
00012813 |
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Name : |
Mr. Jagdish Khattar |
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Designation : |
Director |
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Address : |
E-16, Sector-40, Noida, Gautam Budh Nagar, Noida-201301,
Uttar Pradesh, India |
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Date of Appointment : |
09.05.2011 |
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DIN No.: |
00013496 |
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Name : |
Ms. Rajashree Birla |
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Designation : |
Director |
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Address : |
Mangal Adityayan, 20 Carmichel Road, Behind Jaslok
Hospital, Mumbai-400026, Maharashtra, India |
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Date of Appointment : |
15.03.1996 |
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DIN No.: |
00022995 |
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Name : |
Mr. Askaran Agarwal |
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Designation : |
Director |
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Address : |
Flat No 3, Haveli, L.D Ruparel Marg, Mumbai – 400006,
Maharashtra, India |
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Date of Appointment : |
11.09.1998 |
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DIN No.: |
00023684 |
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Name : |
Mr. Kailash Nath Bhandari |
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Designation : |
Director |
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Address : |
5, New Power House Road, Sector - 7 Jodhpur-342001,
Rajasthan, India |
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Date of Appointment : |
30.01.2006 |
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DIN No.: |
00026078 |
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Name : |
Mr. Debnarayan S Bhattacharya |
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Designation : |
Managing Director |
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Address : |
13th Floor, Navroz Apartment, 35, Bhulabhai Desai,
Mumbai-400026, Maharashtra, India |
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Date of Appointment : |
01.10.2008 |
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DIN No.: |
00033553 |
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Name : |
Mr. Girish Mohanlal Dave |
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Designation : |
Director |
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Address : |
Dave and Girish and Company Advocates, 1st Floor, Sethna
Building, 55 Maharshi Karve Road, Marine Lines, Mumbai-400002, Maharashtra,
India |
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Date of Appointment : |
28.05.2016 |
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DIN No.: |
00036455 |
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Name : |
Mr. Praveen Kumar Maheshwari |
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Designation : |
Wholetime Director |
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Address : |
2201 Springs Island City Centre, G D Ambedkar Marg, Dadar
East, Mumbai-400014, Maharashtra, India |
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Date of Appointment : |
28.05.2016 |
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DIN No.: |
00174361 |
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Name : |
Mr. Yazdi Dandiwala |
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Designation : |
Director |
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Address : |
C-11 Meherzin Wodehouse Road, Colaba Mumbai-400005,
Maharashtra, India |
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Date of Appointment : |
14.08.2015 |
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DIN No.: |
01055000 |
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Name : |
Mr. Ram Charan |
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Designation : |
Director |
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Address : |
12655, N C Expwy #103 Dallas Tx 75243 Dallas 75243 US |
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Date of Appointment : |
12.02.2011 |
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DIN No.: |
03464530 |
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Name : |
Mr. Satish Pai |
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Designation : |
Whole time Director |
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Address : |
The Imperial South Tower, Apartmnet#4202, B.B. Nakashe
MarG, Tardeo, Mumbai-400034, Maharashtra, India |
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Date of Appointment : |
13.08.2013 |
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DIN No.: |
06646758 |
KEY EXECUTIVES
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Name : |
Mr. Anil Kumar Kishan Malik |
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Designation : |
Company Secretary |
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Address : |
F-623, Ekta Woods, Raheja Estate, Kulupwadi Road, Borivali,
Mumbai-400066, Maharashtra, India |
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Date of Appointment : |
06.04.2004 |
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PAN |
ADHPM2865R |
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Name : |
Mr. Praveen Kumar Maheshwari |
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Designation : |
Chief Finance Executive |
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Address : |
2201, Springs Island City Centre, G D Ambedkar Marg, Dadar East, Mumba
– 400014, Maharashtra, India |
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Date of Appointment : |
14.08.2014 |
|
PAN |
AAJPM4103D |
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Name : |
Mr. Kumar Mangalam Birla |
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Designation : |
Chairman |
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Address : |
16-A, IL-Palazzo, Little Gibbs Road, Mumbai – 400 006, Maharashtra,
India |
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Qualification : |
A.C.A, M.B.A. |
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Date of Birth : |
14.06.1967 |
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Date of Appointment : |
16.11.1992 |
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|
Name : |
Mr. Prem |
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Designation : |
Manager |
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CORPORATES : |
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|
Name : |
Mr. V. R. Shankar |
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Designation : |
President and Head-Legal |
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|
Name : |
Mr. Samik Basu |
|
Designation : |
Chief Human Resource Officer |
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Name : |
Mr. Chandan Agrawal |
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Designation : |
Chief Strategy Offi cer |
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BUSINESS / UNIT HEAD: |
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|
Name : |
Mr. Jagdish Chandra Laddha |
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Designation : |
Group Executive President, Copper Business |
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Name : |
Mr. Rajesh Gupta |
|
Designation : |
Senior President and Cluster Head (Aditya and Hirakud Units) |
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|
Name : |
Mr. Devotosh K. Das |
|
Designation : |
Chief Marketing Officer, Aluminium |
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|
Name : |
Mr. Sanjay Sehgal |
|
Designation : |
President (Chemicals) |
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|
Name : |
Mr. Satish Jajoo |
|
Designation : |
Chief Operating Officer (Renukoot, Renusagar and Mahan Units) |
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|
|
Name : |
Mr. B. Arun Kumar |
|
Designation : |
President (Operations) |
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|
|
Name : |
Mr. Pramod Unde |
|
Designation : |
President (Mining and Minerals) |
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|
NOVELIS INC |
|
|
Name : |
Mr. Steve Fisher |
|
Designation : |
President and Chief Executive Officer |
|
|
|
|
UTKAL ALUMINA INTERNATIONAL LIMITED |
|
|
Name : |
Mr. Nagesh Narisetty, |
|
Designation : |
President and Unit Head |
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 |
778339497 |
34.67 |
|
|
(B) Public |
1466623405 |
65.33 |
|
|
Grand Total |
2244962902 |
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 |
2398696 |
0.11 |
|
|
KUMAR MANGALAM BIRLA |
901635 |
0.04 |
|
|
RAJASHREE BIRLA |
612470 |
0.03 |
|
|
NEERJA BIRLA |
114640 |
0.01 |
|
|
VASAVADATTA BAJAJ |
121319 |
0.01 |
|
|
ADITYA VIKRAM KUMARMANGALAM BIRLA HUF |
648632 |
0.03 |
|
|
Any Other (specify) |
761398492 |
33.92 |
|
|
BIRLA GROUP HOLDINGS PRIVATE LIMITED |
6731467 |
0.30 |
|
|
BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE |
21583090 |
0.96 |
|
|
GLOBAL HOLDINGS PRIVATE LIMITED |
6336 |
0.00 |
|
|
GRASIM INDUSTRIES LIMITED |
88048812 |
3.92 |
|
|
IGH HOLDINGS PRIVATE LIMITED |
349963487 |
15.59 |
|
|
MANAV INVESTMENT AND TRADING COMPANY LIMITED |
672571 |
0.03 |
|
|
PILANI INVESTMENT AND INDUSTRIES CORPORATION |
29185398 |
1.30 |
|
|
TGS INVESTMENT AND TRADE PRIVATE LIMITED |
4485249 |
0.20 |
|
|
TRAPTI TRADING AND INVESTMENTS PRIVATE LIMITED |
93063124 |
4.15 |
|
|
TURQUOISE INVESTMENTS AND FINANCE PRIVATE LIMITED |
124012468 |
5.52 |
|
|
UMANG COMMERCIAL COMPANY PRIVATE LIMITED |
27330360 |
1.22 |
|
|
TRUSTEE HOLDING SHARES UNDEDR THE SCHEME OF MERGER OF HIL/IGCL/IGFL ON BEHALF OF HINDALCO |
16316130 |
0.73 |
|
|
Sub Total A1 |
763797188 |
34.02 |
|
|
A2) Foreign |
0.00 |
||
|
Any Other (specify) |
14542309 |
0.65 |
|
|
P T INDO BHARAT RAYON |
9633890 |
0.43 |
|
|
P T SUNRISE BUMI TEXTILES |
3004167 |
0.13 |
|
|
PT ELEGANT TEXTILE INDUSTRY |
1902752 |
0.08 |
|
|
SURYA KIRAN INVESTMENTS PTE LTD |
1500 |
0.00 |
|
|
Sub Total A2 |
14542309 |
0.65 |
|
|
A=A1+A2 |
778339497 |
34.67 |
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/ |
248872734 |
11.09 |
|
|
Foreign Portfolio Investors |
630636308 |
28.09 |
|
|
Financial Institutions/ Banks |
4909990 |
0.22 |
|
|
Insurance Companies |
175230857 |
7.81 |
|
|
LIFE INSURANCE CORPORATION OF INDIA AND ITS ASSOCIATE FUNDS |
158621850 |
7.07 |
|
|
Sub Total B1 |
1059649889 |
47.20 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0.00 |
||
|
Central Government/ State Government(s)/ President of India |
345520 |
0.02 |
|
|
Sub Total B2 |
345520 |
0.02 |
|
|
B3) Non-Institutions |
0.00 |
||
|
Individual share capital upto INR 0.200 Million |
118631990 |
5.28 |
|
|
Individual share capital in excess of INR 0.200 Million |
10757390 |
0.48 |
|
|
Overseas Depositories (holding DRs) (balancing figure) |
137299490 |
6.12 |
|
|
Any Other (specify) |
139939126 |
6.23 |
|
|
BAJAJ ALLIANCE LIFE INSURANCE COMPANY |
22780472 |
1.01 |
|
|
Sub Total B3 |
406627996 |
18.11 |
|
|
B=B1+B2+B3 |
1466623405 |
65.33 |
BUSINESS DETAILS
|
Line of Business : |
The Company has two reportable
segments viz. Aluminium and Copper Description of each of the
reporting segments is as under: i. Aluminium Segment: This part of
business manufactures and sells Hydrate and Alumina, Aluminium and Aluminium
Products. ii. Copper Segment: This part of business manufactures and sells Copper Cathode, Continuous Cast Copper Rods, Sulphuric Acid, DAP & Complexes, Gold, Silver and other precious metals. (Registered Activity) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees
: [As on
31.03.2017] |
23679 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : [As on 31.03.2017] |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors 1: [As on 31.03.2017] |
|
|
Name : |
Warehouse and Company Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai – 400028,
Maharashtra, India |
|
Tel. No.: |
91-22-66691500 |
|
E-Mail : |
91-22-66547804/ 07 |
|
|
|
|
Auditors 2: [As on 31.03.2017] |
|
|
Name : |
Singhi and Company Chartered Accountants |
|
Address : |
161, Sarat Bose Road, Kolkata - 700026, West Bengal, India |
|
Tel. No.: |
91-33-24196000 |
|
Mobile No.: |
91-9836233222 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Cost Auditor: [As on 31.03.2017] |
|
|
Name : |
R. Nanabhoy
and
Company |
|
Address : |
Mumbai,
Maharashtra,
India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : [As on 31.03.2017] |
|
|
|
|
|
Associates : [As on 31.03.2017] |
|
|
|
|
|
Joint Ventures: [As on 31.03.2017] |
|
|
|
|
|
Trust of the
Company: [As on 31.03.2017] |
Trident Trust |
CAPITAL STRUCTURE
AS ON: 31.03.2018
Authorised Capital: Not Available
Issued, Subscribed & Paid-up Capital : INR 2228.900 Million
AFTER: 13.09.2017
Authorised Capital: INR 2550.000 Million
Issued, Subscribed & Paid-up Capital : INR 2245.007
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000000 |
Equity Shares |
INR 1/- each |
INR 2500.000 Million |
|
25000000 |
Redeemable
Cumulative Preference Shares |
INR 2/- each |
INR 50.000 Million |
|
|
|
|
INR 2550.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2243807736 |
Equity Shares |
INR 1/- each |
INR 2243.800 Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2243800339 |
Equity Shares |
INR 1/- each |
INR 2243.800
Million |
|
546249 |
Less: Face Value of Equity Shares forfeited |
|
INR 0.500 Million |
|
|
Add: Forfeited Shares (Amount originally Paid-up) |
|
INR 0.200 Million |
|
|
Total |
|
INR 2243.500 Million |
|
16316130 |
Less: Treasury Shares |
INR 1/- each |
INR 16.300 |
|
|
Total |
|
INR 2227.200 Million |
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 |
2228.900 |
2227.200 |
2065.200 |
|
(b) Reserves & Surplus |
492278.500 |
471098.400 |
368613.700 |
|
(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) |
494507.400 |
473325.600 |
370678.900 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
171989.400 |
183919.500 |
238960.400 |
|
(b) Deferred tax liabilities (Net) |
19221.800 |
12316.700 |
16792.500 |
|
(c)
Other long term liabilities |
8032.600 |
4879.800 |
5778.600 |
|
(d)
long-term provisions |
4041.000 |
4533.200 |
5539.400 |
|
Total
Non-current Liabilities (3) |
203284.800 |
205649.200 |
267070.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
30929.600 |
42299.800 |
46409.900 |
|
(b)
Trade payables |
55240.500 |
52851.100 |
39440.000 |
|
(c)
Other current liabilities |
36743.700 |
86326.300 |
24997.500 |
|
(d)
Short-term provisions |
6583.100 |
2769.500 |
12669.700 |
|
Total
Current Liabilities (4) |
129496.900 |
184246.700 |
123517.100 |
|
|
|
|
|
|
TOTAL |
827289.100 |
863221.500 |
761266.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
339995.800 |
340177.100 |
327005.700 |
|
(ii)
Intangible Assets |
3555.500 |
3665.700 |
1129.100 |
|
(iii)
Capital work-in-progress |
7362.500 |
7115.400 |
30832.700 |
|
(iv) Intangible assets under development |
4.800 |
0.100 |
3.300 |
|
(b) Non-current
Investments |
232587.000 |
204791.700 |
147973.300 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
58.800 |
505.300 |
12000.800 |
|
(e)
Other Non-current assets |
24158.200 |
11068.600 |
800.800 |
|
Total
Non-Current Assets |
607722.600 |
567323.900 |
519745.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
37755.900 |
88527.800 |
76695.300 |
|
(b)
Inventories |
107383.800 |
92680.300 |
84121.100 |
|
(c)
Trade receivables |
17372.500 |
18728.300 |
20185.200 |
|
(d)
Cash and cash equivalents |
18213.500 |
43351.800 |
2178.200 |
|
(e)
Short-term loans and advances |
545.700 |
1798.200 |
43008.700 |
|
(f)
Other current assets |
38295.100 |
50811.200 |
15332.700 |
|
Total
Current Assets |
219566.500 |
295897.600 |
241521.200 |
|
|
|
|
|
|
TOTAL |
827289.100 |
863221.500 |
761266.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
434349.300 |
393831.200 |
343176.600 |
|
|
|
Other Income |
9478.200 |
10051.700 |
10662.100 |
|
|
|
TOTAL |
443827.500 |
403882.900 |
353838.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
254077.300 |
210182.200 |
192094.500 |
|
|
|
Purchases of Stock-in-Trade |
49.200 |
891.100 |
14.800 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(4192.300) |
(11001.600) |
1917.000 |
|
|
|
Employees benefits expense |
18946.500 |
17521.200 |
16980.600 |
|
|
|
Excise Duty on sales |
6368.900 |
24465.100 |
0.000 |
|
|
|
Power and Fuel |
60001.200 |
58986.700 |
65080.600 |
|
|
|
Other expenses |
47857.900 |
44651.300 |
33907.500 |
|
|
|
Exceptional Income (expense) |
3252.100 |
(848.900) |
0.000 |
|
|
|
TOTAL |
386360.800 |
344847.100 |
309995.000 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
57466.700 |
59035.800 |
43843.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19005.400 |
23228.700 |
23747.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
38461.300 |
35807.100 |
20096.100 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16173.100 |
14279.700 |
12770.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
22288.200 |
21527.400 |
7326.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7923.300 |
5958.500 |
1253.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
14364.900 |
15568.900 |
6072.500 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
|
|
124898.500 |
|
|
|
Others |
|
|
8.300 |
|
|
TOTAL EARNINGS |
NA |
156640.000 |
124906.800 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
150896.200 |
|
|
|
Coal and Fuel |
|
|
6282.600 |
|
|
|
Trading Goods |
|
|
0.000 |
|
|
|
Components and Stores parts |
|
|
1409.300 |
|
|
|
Capital Goods |
|
|
14388.500 |
|
|
TOTAL IMPORTS |
NA |
NA |
172976.600 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
6.45 |
7.55 |
2.94 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
45278.200 |
2312.600 |
|
|
|
|
|
|
Cash generated from operations |
NA |
57897.400 |
40275.800 |
|
|
|
|
|
|
Net cash flow from operating activity |
NA |
58976.000 |
36406.600 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
14.60 |
17.36 |
21.47 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
25.00 |
21.03 |
17.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
79.34 |
91.39 |
74.93 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.54 |
0.64 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.16 |
0.17 |
0.12 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.36 |
0.48 |
0.48 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.41 |
0.57 |
0.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.26 |
0.39 |
0.33 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.71 |
0.74 |
0.97 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.02 |
2.54 |
1.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.31 |
3.95 |
1.77 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.74 |
1.80 |
0.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.90 |
3.29 |
1.64 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.70 |
1.61 |
1.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.87 |
1.10 |
1.27 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.60 |
0.55 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
91.04 |
121.90 |
139.30 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.70 |
1.61 |
1.96 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 1.00/- |
|
|
|
|
Market Value |
INR 232.00/- |
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 |
2065.200 |
2227.200 |
2228.900 |
|
Reserves & Surplus |
368613.700 |
471098.400 |
492278.500 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
370678.900 |
473325.600 |
494507.400 |
|
|
|
|
|
|
long-term borrowings |
238960.400 |
183919.500 |
171989.400 |
|
Short term borrowings |
46409.900 |
42299.800 |
30929.600 |
|
Total
borrowings |
285370.300 |
226219.300 |
202919.000 |
|
Debt/Equity
ratio |
0.770 |
0.478 |
0.410 |
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 |
343176.600 |
393831.200 |
434349.300 |
|
|
|
14.761 |
10.288 |
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 |
343176.600 |
393831.200 |
434349.300 |
|
Profit |
6072.500 |
15568.900 |
14364.900 |
|
|
1.77% |
3.95% |
3.31% |
LEGAL CASES
HIGH COURT
|
AHMEDABAD INDIAN WIND ENERGY ASSOCIATION VS HINDALCO INDUSTRIES LTD |
|
high court-Guj |
|
Case no:CA/9013/2011 |
|
Case status:Pending |
|
Judge:REGISTRAR (JUDICIAL) |
|
Date:2015-12-03T00:00:00Z |
HIGH COURT
|
AIR INDIA LTD. KHAITAN LEGAL ASSOCIATES VS HINDALCO INDUSTRIES L TD. |
|
high court-Maharashtra |
|
Case no:WP/3868/2016 [Civil] REMARK : NOTE :- AFFIDAVIT IN REPLY FILED ON 29/09/2016 KEPT SERIALLY FROM |
|
Case status:Pending |
|
Judge:HONBLE MI GOVERNMENT PLEADER WRIT C |
|
Date:2017-08-01 |
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 |
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 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G72581770 |
100144140 |
Axis Bank Limited |
15/12/2017 |
- |
14600000000.0 |
Corporate Banking Branch, 12- Mittal Tower, 1st Floor, A- Wing, Nariman Point, Mumbai-400021, Maharashtra, India |
|
2 |
G53217766 |
100122189 |
AXIS TRUSTEE SERVICES LIMITED |
31/08/2017 |
- |
4029906973.0 |
Axis House, Bombay Dyeing Mills Compound, Pandhurang Budhkar Marg, Worli, Mumbai-400025, Maharashtra, India |
|
3 |
G04081535 |
10627767 |
Axis Bank Limited |
05/03/2016 |
28/03/2016 |
98450000000.0 |
Axis House, 2nd Floor, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai-400025, Maharashtra, India |
|
4 |
G04080008 |
10596318 |
AXIS TRUSTEE SERVICES LIMITED |
30/09/2015 |
28/03/2016 |
98450000000.0 |
Axis House, 2nd Floor, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai-400025, Maharashtra, India |
|
5 |
G09130295 |
10595155 |
SBICAP TRUSTEE COMPANY LIMITED |
29/09/2015 |
29/07/2016 |
30940000000.0 |
202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India |
|
6 |
G74462862 |
10566318 |
AXIS TRUSTEE SERVICES LIMITED |
14/04/2015 |
27/12/2017 |
69230000000.0 |
Axis House, Bombay Dyeing Mills Compound, Pandhurang Budhkar Marg, Worli, Mumbai-400025, Maharashtra, India |
|
7 |
C77609915 |
10376091 |
IDBI TRUSTEESHIP SERVICES LIMITED |
03/09/2012 |
18/01/2016 |
15000000000.0 |
Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai-400001, Maharashtra, India |
|
8 |
C77608537 |
10372704 |
IDBI TRUSTEESHIP SERVICES LIMITED |
01/08/2012 |
18/01/2016 |
15000000000.0 |
Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai-400001, Maharashtra, India |
|
9 |
C77534634 |
10360308 |
IDBI TRUSTEESHIP SERVICES LIMITED |
01/06/2012 |
18/01/2016 |
30000000000.0 |
Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai-400001, Maharashtra, India |
|
10 |
Z01051723 |
80059220 |
Bank of Maharashtra |
09/12/2004 |
- |
1000000000.0 |
Lok Mangal, 1501, Shivaji Nagar, Pune-411005, Maharashtra, India |
UNSECURED LOANS
|
PARTICULARS |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred Payment Liabilities |
|
8.700 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
0.000 |
|
Loans and Advances from Related Parties |
|
|
|
From Banks: |
|
41614.800 |
|
Buyers Credit and Packing Credit |
|
|
|
|
|
|
|
Total |
NA |
41623.500 |
COMPANY OVERVIEW [AS
ON 31.03.2017]
The Company was incorporated in India in the year 1958 having its registered office at Century Bhavan, 3rd Floor, Dr. Annie Besant Road, Worli, Mumbai 400030. The Company has two main stream of business Aluminium and Copper. In Aluminium, the Company caters to the entire value chain starting from mining of bauxite and coal through production of value added products for various application. The Company also has one of the largest single location Copper smelting facility in India. The equity shares of the Company are listed on the Indian Stock Exchanges (National Stock Exchange & Bombay Stock Exchange) and GDRs are listed on the Luxemburg Stock Exchange.
FIXED ASSETS [AS ON
31.03.2017]
· Leasehold Land
· Freehold Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles and Aircraft
· Office Equipment
·
Railway Sidings
PRESS RELEASES :
HINDALCO Q4 PROFIT
DROPS 25% TO INR 3770.000 MILLION: OPERATING MARGIN DIPS
May 16, 2018
Its
revenue from operations, however, rose to inr 11,6810.000 million from inr
11,0260.000 million reported during the corresponding quarter of last year.
Aluminium major, Hindalco Industries, reported a drop of 25 percent (YoY) in its profits for the March quarter to INR 3770.000 Million. The company had posted a profit of INR 5025.000 Million for the same period of last year.
Its revenue from operations, however, rose to INR 116810.000 Million from INR 110260.000 Million reported during the corresponding quarter of last year.
At an operational level, the profit fell 7 percent to INR 12576.000 Million against INR 13470.000 Million year on year, while the operating margin came in lower at 10.8 percent. The operating margin was at 12.2 percent last year.
The firm’s EBIT for aluminium business was flat at INR 9200.000 Million, while the EBIT for copper business fell 34 percent at INR 3291.000 Million.
“Having delivered a record performance and a strong balance sheet in this fiscal, the company will continue to leverage its core strength in operational and business excellence. In line with its strategy to grow downstream business, the firm will focus on quality, customer centricity, and use of technology to deliver superior shareholder value,” the company’s management said in a statement.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
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.