|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510394 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
IOL CHEMICALS AND PHARMACEUTICALS LIMITED (w.e.f. 2007) |
|
|
|
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Formerly Known
As : |
INDUSTRIAL ORGANICS LIMITED |
|
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Registered
Office : |
Trident Complex, Raikot Road, Barnala-148101, Punjab |
|
Tel. No.: |
91-1679-244701-07 |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2018 |
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|
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Date of
Incorporation : |
29.09.1986 |
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|
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Com. Reg. No.: |
16-007030 |
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Capital
Investment / Paid-up Capital : |
INR 562.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24116PB1986PLC007030 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3094001343 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCI1842A |
|
|
|
|
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 Selling of Organic Chemicals and Bulk Drugs. · The “Chemicals” segment produces and sells Ethyl Acetate, Acetic Anhydride, Acetyl Chloride, Mono Chloro Acetic Acid and Iso Butyl benzene. · The “Drugs” segment produces and sells various API’s viz. Ibuprofen, Metformin, Fenofibrate, Lemotrigine, etc. [Registered Activity and also Confirmed by Management] |
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|
|
|
No. of Employees
: |
1129 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1986 and it is having good track records. The company manufactures specialty chemicals like Ethyl Acetate, Acetyl Chloride, Iso Butyl Benzene and Active Pharmaceutical Ingredients. For the financial year 2018, the company has increased its revenue from operations as compared to previous year and maintained average profitability margin of 2.77%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and average debt balance sheet. Further, rating also reflects from its extensive experience of its promoters in the pharmaceutical industry and well-established business position and diversified product portfolio. However, rating strength is partially offset by working capital intensive nature of operations and intense competition from industry. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
15.03.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
15.03.2018 |
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 PARTED BY
|
Name : |
Mr. Pardeep Kumar Khanna |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-161-2225531 |
|
Date : |
19.05.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Trident Complex, Raikot Road, Barnala-148101, Punjab, India |
|
Tel. No.: |
91-1679-244701-07 |
|
Fax No.: |
91-1679-244708 |
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E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Head/ Corporate Office : |
85, Industrial Area A, Ludhiana – 141003, Punjab, India |
|
Tel. No.: |
91-161-2225531-35 |
|
Fax No.: |
91-161-2608784/ 2225532 |
|
|
|
|
Factory 2 : |
Village Fatehgarh Chhana, Mansa Road, Barnala – 148101, Punjab, India |
|
Tel. No.: |
91-1679 -285285-86 |
|
Fax No.: |
91-1679 -285292 |
|
|
|
|
Mumbai Office : |
225/3, 1st Floor, Dixit Niwas, Sir Bhalchandra Road, Near Ruia College, Matunga (E), Mumbai-400 019, Maharashtra, India |
|
Tel. No.: |
91-22-24166656/ 24146654 |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Mohamad Abdul Zahir |
|
Designation : |
Director |
|
Address : |
Hose No. 95 New Rajguru Nagar, Via Thrike
Ludhiana – 142021, Punjab, India |
|
Date of Appointment : |
30.07.1998 |
|
DIN No.: |
00002973 |
|
|
|
|
Name : |
Mr. Varinder Gupta |
|
Designation : |
Managing Director |
|
Address : |
E -212 Kitchlu Nagar Ludhiana – 141001, Punjab, India |
|
Date of Appointment : |
13.11.1986 |
|
DIN No.: |
00044068 |
|
|
|
|
Name : |
Mr. Vijay Garg |
|
Designation : |
Whole-time Director |
|
Address : |
53-B,BRS Nagar, Ludhiana-141001, Punjab, India |
|
Date of Birth/Age : |
17.01.1970 |
|
Qualification : |
B.Sc (Chemistry), EPIB (IIM Kolkata), MBA Marketing |
|
Expertise in
specific functional area : |
Commercial activities of the Chemicals and Pharmaceuticals Products |
|
Date of Appointment : |
02.03.2013 |
|
DIN No.: |
06510248 |
|
|
|
|
Name : |
Mr. Vikas Gupta |
|
Designation : |
Whole-time Director |
|
Address : |
85, Industrial Area 'A', Ludhiana – 141003, Punjab, India |
|
Date of Birth/Age : |
13.02.1992 |
|
Qualification : |
BSc. (Hons.) in Business Management from Kings College, London |
|
Expertise in
specific functional area : |
Business Management |
|
Date of Appointment : |
29.05.2015 |
|
DIN No.: |
07198109 |
|
|
|
|
Name : |
Mr. Chandra Mohan |
|
Designation : |
Director |
|
Address : |
House No. 202, Sector 36 A, Chandigarh – 160036,
India |
|
Date of Appointment : |
27.10.2005 |
|
DIN No.: |
00017621 |
|
|
|
|
Name : |
Mrs. Sandhya Mehta |
|
Designation : |
Director |
|
Address : |
2062, The Cottage, Basant Avenue, Ludhiana
– 141013, Punjab, India |
|
Date of Appointment : |
22.08.2014 |
|
DIN No.: |
06954964 |
KEY EXECUTIVES
|
Name : |
Mr. Pardeep Kumar Khanna |
|
Designation : |
Chief Financial Officer |
|
Address : |
995, Punjab Mata Nagar, Pakhowal Road,
Ludhiana – 141002, Punjab, India |
|
Date of Appointment : |
13.08.2015 |
|
PAN No.: |
AEXPK1794G |
|
|
|
|
Name : |
Mr. Krishan Singla |
|
Designation : |
Company Secretary |
|
Address : |
1FF, Prem Vihar, SBS Nagar, Ludhiana – 141001,
Punjab,
India |
|
Date of Appointment : |
01.06.1993 |
|
PAN No.: |
AFWPS2962L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2018
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
(A) Promoter
& Promoter Group |
23148998 |
41.19 |
|
(B) Public |
33056504 |
58.81 |
|
|
|
|
|
Total |
56205502 |
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 (calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
|
|
|
Individuals/Hindu undivided Family |
1,100 |
0.00 |
|
|
VARINDER GUPTA (HUF) |
1,100 |
0.00 |
|
|
Any Other (specify) |
2,31,47,898 |
41.18 |
|
|
MAYA DEVI POLYCOT LIMITED |
1,00,06,323 |
17.80 |
|
|
NM MERCHANTILES LIMITED |
50,75,571 |
9.03 |
|
|
NCG ENTERPRISES LIMITED |
32,84,393 |
5.84 |
|
|
BHUDEVA LIFESCIENCES LIMITED |
28,73,714 |
5.11 |
|
|
TRUE VALUE TRADERS LIMITED |
4,00,000 |
0.71 |
|
|
TOWELS ENTERPRISES LIMITED |
3,12,032 |
0.56 |
|
|
VARINDER GUPTA |
11,95,865 |
2.13 |
|
|
Sub Total A1 |
2,31,48,998 |
41.19 |
|
|
A2) Foreign |
0.00 |
|
|
|
A=A1+A2 |
2,31,48,998 |
41.19 |
|
Statement showing shareholding pattern of the Public
shareholder
|
Category & Name
of the Shareholders |
No. of fully paid
up equity shares held |
Shareholding %
calculated as per SCRR, 1957 As a % of (A+B+C2) |
|
|
|||
|
|||
|
|||
|
B1) Institutions |
0 |
0.00 |
|
|
Mutual Funds/ |
10200 |
0.02 |
|
|
Financial Institutions/ Banks |
50349 |
0.09 |
|
|
Sub Total B1 |
60549 |
0.11 |
|
|
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 |
9804141 |
17.44 |
|
|
Individual share capital in excess of INR
0.200 Million |
4546393 |
8.09 |
|
|
NBFCs registered with RBI |
76612 |
0.14 |
|
|
Any Other (specify) |
18568809 |
33.04 |
|
|
Clearing Members |
68360 |
0.12 |
|
|
Non-Resident Indian (NRI) |
463293 |
0.82 |
|
|
HUF |
884910 |
1.57 |
|
|
Employees |
65772 |
0.12 |
|
|
Bodies Corporate |
17086474 |
30.40 |
|
|
VASUDEVA COMMERCIALS LIMITED |
10890000 |
19.38 |
|
|
TRIDENT LIMITED |
1785714 |
3.18 |
|
|
G CONSULTANTS AND FABRICATORS LTD |
1489000 |
2.65 |
|
|
Sub Total B3 |
32995955 |
58.71 |
|
|
B=B1+B2+B3 |
33056504 |
58.81 |
|
BUSINESS DETAILS
|
Line of Business : |
· Manufacturing and Selling of Organic Chemicals and Bulk Drugs. · The “Chemicals” segment produces and sells Ethyl Acetate, Acetic Anhydride, Acetyl Chloride, Mono Chloro Acetic Acid and Iso Butyl benzene. · The “Drugs” segment produces and sells various API’s viz. Ibuprofen, Metformin, Fenofibrate, Lemotrigine, etc. [Registered Activity and also Confirmed by Management] |
|
|
|
|
Products/ Services : |
Organic Chemicals and Bulk Drugs |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment, L/C and Credit |
|
|
|
|
Purchasing : |
Advance Payment, L/C and Credit |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
End Users
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|
No. of Employees : |
1129 (Approximately) |
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|
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Bankers : |
· Allahabad Bank · Oriental Bank of Commerce · Export-Import Bank of India · State Bank of India |
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Facilities : |
|
|
|
|
|
Auditors : [As on 31.03.2018] |
|
|
Name : |
S C Vasudeva and Company Chartered Accountants |
|
Address : |
B-XIX-220, Rani Jhansi Road, Ghumar Mandi, Ludhiana – 141001, Punjab,
India |
|
Tel. No.: |
91-161-2774527 |
|
Mobile No.: |
91-9815420555 |
|
E-Mail : |
|
|
|
|
|
Cost Auditors : [As on 31.03.2018] |
|
|
Name : |
Ramanath Iyer and Company Cost Accountants |
|
Address : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over which Key Management Personnel and relative of such
personnel is able to exercise significant influence or control : [As on 31.03.2018] |
·
NM Merchantiles Limited ·
Mayadevi Polycot Limited ·
NCG Enterprises Limited · Vasudeva Commercials Limited (w.e.f. 03.10.2016 to 30.03.2017) ·
True Value Traders Limited ·
Towels Enterprises Limited |
CAPITAL STRUCTURE
AFTER: 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 562.100 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
58000000 |
Equity Shares |
INR 10/- each |
INR 580.000 Million |
|
22000000 |
Preference Shares |
INR 10/- each |
INR 220.000 Million |
|
|
Total |
|
INR 800.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56205502 |
Equity Shares |
INR 10/- each |
INR 562.055 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 |
562.100 |
562.055 |
562.055 |
|
(b) Reserves & Surplus |
1595.300 |
1331.512 |
1289.237 |
|
(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) |
2157.400 |
1893.567 |
1851.292 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2581.200 |
2859.137 |
3018.772 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
316.300 |
147.125 |
13.725 |
|
(d)
long-term provisions |
20.400 |
15.095 |
11.818 |
|
Total
Non-current Liabilities (3) |
2917.900 |
3021.357 |
3044.315 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1352.700 |
1407.746 |
1370.852 |
|
(b)
Trade payables |
1326.000 |
1498.398 |
1156.842 |
|
(c)
Other current liabilities |
458.800 |
357.895 |
300.267 |
|
(d)
Short-term provisions |
4.000 |
1.984 |
1.284 |
|
Total
Current Liabilities (4) |
3141.500 |
3266.023 |
2829.245 |
|
|
|
|
|
|
TOTAL |
8216.800 |
8180.947 |
7724.852 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4048.100 |
3738.662 |
3985.224 |
|
(ii)
Intangible Assets |
8.300 |
9.362 |
9.759 |
|
(iii)
Capital work-in-progress |
69.500 |
212.593 |
43.120 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.399 |
0.400 |
|
(c) Deferred tax assets
(net) |
114.200 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
90.005 |
90.238 |
|
(e)
Other Non-current assets |
15.300 |
4.266 |
27.562 |
|
Total
Non-Current Assets |
4255.400 |
4055.287 |
4156.303 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.600 |
0.500 |
0.457 |
|
(b)
Inventories |
2074.500 |
2626.219 |
2279.437 |
|
(c)
Trade receivables |
1407.100 |
1127.675 |
872.599 |
|
(d)
Cash and cash equivalents |
192.200 |
163.903 |
119.373 |
|
(e)
Short-term loans and advances |
0.000 |
207.363 |
296.683 |
|
(f)
Other current assets |
287.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3961.400 |
4125.660 |
3568.549 |
|
|
|
|
|
|
TOTAL |
8216.800 |
8180.947 |
7724.852 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
10009.600 |
7106.531 |
5804.153 |
|
|
|
Other Income |
19.000 |
11.803 |
12.276 |
|
|
|
TOTAL |
10028.600 |
7118.334 |
5816.429 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
6170.100 |
4963.504 |
4348.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
782.700 |
(169.598) |
(211.957) |
|
|
|
Employees benefits expense |
561.000 |
437.220 |
351.270 |
|
|
|
Other expenses |
1079.600 |
858.800 |
803.094 |
|
|
|
Excise duty on sale of goods |
176.600 |
0.000 |
0.000 |
|
|
|
TOTAL |
8770.000 |
6089.926 |
5290.407 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1258.600 |
1028.408 |
526.022 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
643.500 |
674.167 |
614.660 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
615.100 |
354.241 |
(88.638) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
302.100 |
299.467 |
296.864 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
313.000 |
54.774 |
(385.502) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
36.000 |
12.499 |
14.756 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
277.000 |
42.275 |
(400.258) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
NA |
1959.913 |
1316.681 |
|
|
TOTAL EARNINGS |
NA |
1959.913 |
1316.681 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
351.611 |
99.547 |
|
|
|
Capital Goods |
|
5.880 |
6.862 |
|
|
|
Stores & Spares |
|
1.601 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
359.092 |
106.409 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
|
|
|
|
Basic
|
4.93 |
0.75 |
(7.60) |
|
|
|
Diluted |
4.93 |
0.75 |
(7.60) |
|
Expected Sales (2018-2019): INR 8350.000 Million [Due to business
Growth]
The above information has been parted by Mr. Pardeep Kumar Khanna [Chief Financial Officer]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term Borrowings |
NA |
207.596 |
136.526 |
|
|
|
|
|
|
Cash generated from/(used in) operations |
NA |
789.504 |
177.033 |
|
|
|
|
|
|
Net cash flow from/(used in) operating activities |
NA |
778.875 |
177.033 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
51.31 |
57.92 |
54.87 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.11 |
6.30 |
6.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
78.44 |
110.19 |
97.11 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.61 |
0.39 |
0.23 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.31 |
0.26 |
0.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.77 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.82 |
2.36 |
2.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.46 |
1.72 |
1.53 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.91 |
2.09 |
2.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.96 |
1.53 |
0.86 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.77 |
0.59 |
-6.90 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.37 |
0.52 |
-5.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.84 |
2.23 |
-21.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.26 |
1.26 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.60 |
0.46 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.23 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.00 |
7.96 |
8.05 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.26 |
1.26 |
1.26 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
|
|
|
Market Value |
INR 101.00/- |
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 |
562.055 |
562.055 |
562.100 |
|
Reserves & Surplus |
1289.237 |
1331.512 |
1595.300 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1851.292 |
1893.567 |
2157.400 |
|
|
|
|
|
|
long-term borrowings |
3018.772 |
2859.137 |
2581.200 |
|
Short term borrowings |
1370.852 |
1407.746 |
1352.700 |
|
Total
borrowings |
4389.624 |
4266.883 |
3933.900 |
|
Debt/Equity
ratio |
2.371 |
2.253 |
1.823 |
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 |
5804.153 |
7106.531 |
10009.600 |
|
|
|
22.439 |
40.851 |
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 |
5804.153 |
7106.531 |
10009.600 |
|
Profit |
(400.258) |
42.275 |
277.000 |
|
|
(6.90%) |
0.59% |
2.77% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
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 |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G53007191 |
100037862 |
Punjab National Bank |
21/06/2016 |
05/09/2017 |
- |
3300000000.0 |
Large Corporate Branch1st Floor,Bhagwati Tower,R K RoadLudhianaPB141003IN |
|
2 |
G06065999 |
100034269 |
Oriental Bank of Commerce |
31/05/2016 |
- |
- |
150000000.0 |
Overseas Branch, Jandu Tower,G. T. Road, Miller Ganj,LudhianaPB141003IN |
|
3 |
G47942669 |
10559118 |
Punjab National Bank |
23/03/2015 |
12/06/2017 |
- |
5668100000.0 |
Large Corporate Branch1st Floor,Bhagwati Tower,R K RoadLudhianaPB141003IN |
|
4 |
B70894365 |
10314198 |
EXPORT-IMPORT BANK OF INDIA |
24/10/2011 |
13/03/2013 |
- |
400000000.0 |
CENTRE ONE BUILDING, FLOOR 21,WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,MUMBAIMH400005IN |
|
5 |
B16710824 |
10248563 |
EXPORT-IMPORT BANK OF INDIA |
26/10/2010 |
23/06/2011 |
- |
180000000.0 |
CENTRE ONE BUILDING, FLOOR 21,WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,MUMBAIMH400005IN |
|
6 |
C75926774 |
10168109 |
State Bank of India |
10/07/2009 |
18/02/2013 |
04/01/2016 |
190400000.0 |
College Road,BarnalaBarnalaPB148001IN |
|
7 |
C75586016 |
10158800 |
Punjab National Bank |
09/05/2009 |
31/12/2014 |
31/12/2015 |
300000000.0 |
Large Corporate Branch1st Floor,Bhagwati Tower,R.K. RoadLudhianaPB141003IN |
|
8 |
C75583385 |
10147116 |
Punjab National Bank |
27/02/2009 |
31/12/2014 |
31/12/2015 |
59600000.0 |
Large Corporate Branch1st Floor,Bhagwati Tower,R.K. RoadLudhianaPB141003IN |
|
9 |
C75590844 |
10098782 |
Punjab National Bank |
02/04/2008 |
31/12/2014 |
31/12/2015 |
600000000.0 |
Large Corporate Branch1st Floor,Bhagwati Tower,R.K. RoadLudhianaPB141003IN |
|
10 |
C75588632 |
10241454 |
Punjab National Bank |
09/09/2010 |
31/12/2014 |
31/12/2015 |
500000000.0 |
Large Corporate Branch1st Floor,Bhagwati Tower,R.K. RoadLudhianaPB141003IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other loans and
advances |
|
|
|
From Bank |
|
76.264 |
|
From others |
|
0.000 |
|
|
|
|
|
Total |
NA |
76.264 |
CORPORATE
INFORMATION [As on 31.03.2018]
IOL Chemicals and
Pharmaceuticals Limited (The Company) is a public company domiciled in India
and incorporated under the provisions of the Companies Act, 1956 on 29th
September 1986. Its shares are listed on two stock exchanges in India. The
Company is engaged in the manufacturing and selling of Organic Chemicals and
Bulk Drugs. The Company caters to both domestic and international market.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
Claims not acknowledged as debts |
|
2.100 |
|
Letter of Credit outstanding |
|
84.041 |
|
Bank Guarantee issued in favour of others |
|
0.350 |
|
|
|
|
|
Total |
NA |
86.491 |
FIXED ASSETS: [As on 31.03.2018]
Tangible Assets
· Freehold Land
· Leasehold Land
·
Buildings
·
Plant and Machinery
· Office Equipments
·
Furniture and Fixtures
·
Vehicles
Intangible Assets
· Computer Softwares
·
Technical Know How
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 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 |
|
1 |
INR 67.96 |
|
|
UK Pound |
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
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.