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MIRA INFORM REPORT
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Report No. : |
510723 |
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Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
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Name : |
THE SUPREME INDUSTRIES LIMITED |
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Registered
Office : |
612, Raheja Chambers, Nariman Point, Mumbai – 400 021, |
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Tel. No.: |
91-22-22851656/ 22820072/ 22851159-60 |
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Country : |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
17.02.1942 |
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Com. Reg. No.: |
11-003554 |
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Capital
Investment / Paid-up Capital : |
INR 254.100
Million |
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CIN No.: [Company Identification
No.] |
L35920MH1942PLC003554 |
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IEC No.: [Import-Export Code No.] |
0388076674 |
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TIN No.: |
27390253728 |
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PAN No.: [Permanent Account No.] |
AAACT1344F |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACT1344F1ZO |
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Legal Form : |
Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges. |
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Line of Business
: |
Subject is engaged in manufacturing various plastic
products like Plastic Piping System, Industrial and Engineering Molded
products, Storage and Material Handling Products, Plastic Molded Furniture,
Protective Packaging Products, Cross Laminated Film and products thereof,
Performance packaging Film and Composite LPG Cylinders etc. (Registered Activity) |
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No. of Employees
(As on 2017): |
4712 (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 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
The Supreme Industries Limited was incorporated in the year 1942. It operate in segments such as plastic piping systems, packaging products, industrial components, material handling system, cross-laminated polyethylene films and products and furniture.
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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 |
CRISIL |
|
Rating |
Long terms Bank Facilities : AA |
|
Rating Explanation |
High degree of safety and very low credit risk. |
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Date |
03.04.2018 |
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Rating Agency Name |
CRISIL |
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Rating |
Short terms Bank Facilities : A1+ |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
03.04.2018 |
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 24.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
|
Name : |
Mr. Kannan |
|
Designation : |
Purchase Manager |
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Contact No.: |
91-8489947469 |
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Name : |
Not Divulged |
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Designation : |
Accounts Department |
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Contact No.: |
91-22-22851159/ 40430000 |
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Date : |
21.05.2018 |
LOCATIONS
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Registered Office : |
612, Raheja Chambers, Nariman Point, Mumbai – 400 021, |
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Tel. No.: |
91-22-22851656/ 22820072/ 22851159-60 |
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Mobile No.: |
91-9748745334 (Mr. Arabinda) 91-8489947469 (Mr. Kannan) |
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Fax No.: |
91-22-22851657 |
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E-Mail : |
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Website : |
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Corporate Office : |
1161 and 1162, Solitaire Corporate Park, 167, Guru Hargovindji Marg,
Andheri Ghatkopar Link Road, Andheri (East), Mumbai – 400093, Maharashtra,
India |
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Tel. No.: |
91-22-40430000/ 30840000 |
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Fax No.: |
91-22-40430099/ 67710099 |
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E-Mail : |
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Protective Packaging - PROTEC
and INSU and DURA – East Zone Division: |
601, Central Plaza, 2/6, Sarat Bose Road, Kolkata – 700020,
West Bengal, India |
|
Tel. No.: |
91-33-24858837/ 24858839/ 24858833 |
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Factory 1 : |
At and Post Kanhe, Taluka Maval, District: Pune-412106,
Maharashtra, India |
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Factory 2 : |
Unit No.03, Gat No 47,47-2, 48 to 50, 55 to 66, 69 to 70, 72&73,
Aurangabad State Highway, At & PO Gadegaon City, Jamner, Jalgaon-425114,
Maharashtra, India |
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Factory 3 : |
R.S. No. 90 & 91, Sanyasikuppam Village, Thirubhuvanai-Post, Puducherry, Villianur, Pondicherry-605102 (Union Territory), India |
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Factory : |
Also Located at: ·
Derabassi (Punjab) ·
Durgapur (West Bengal) ·
Gadegaon (Maharashtra) ·
Guwahati (Assam) ·
Halol - Unit I (Gujarat) ·
Halol - Unit II (Gujarat) ·
Halol - Unit III (Gujarat) ·
Halol - Unit IV (Gujarat) ·
Hosur Unit I (Tamilnadu) ·
Hosur Unit II (Tamilnadu) ·
Jalgaon - Unit II (Maharashtra) ·
Kanhe (Maharashtra) ·
Kanpur (Uttar Pradesh) ·
Khopoli (Maharashtra) ·
Khushkheda (Rajasthan) ·
Malanpur - Unit I (Madhya Pradesh) ·
Malanpur - Unit II (Madhya Pradesh) ·
Noida (Uttar Pradesh) ·
Silvassa (Union Territory) ·
Sriperumbudur (Tamilnadu) · Urse (Maharashtra) |
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Branch Office : |
Located at: At Post Tathwade, Survey No 69, Tathawade, Opposite Pawar
Flour Mills Tathawade Pune- 411033, Maharashtra, India · Ahmedabad · Bangalore · Chennai · Cochin · Hyderabad · Indore · Kanpur · Kolkata · Mumbai · New Delhi |
DIRECTORS
AS ON 2018
|
Name : |
Mr. Mahavirprasad Surajmal Taparia |
|
Designation : |
Managing Director |
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Address : |
Girikunj, 71, Marine Drive, F, Churchgate, Mumbai-400020, Maharashtra,
India |
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Date of Appointment : |
02.08.1966 |
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DIN No.: |
00112461 |
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Name : |
Mr. Shivratan Jeetmal Taparia |
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Designation : |
Whole-time director |
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Address : |
71, Girikunj, 6th Road, Marine Lines, Mumbai-400020, Maharashtra,
India |
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Date of Appointment : |
15.06.1977 |
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DIN No.: |
00112513 |
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Name : |
Mr. Vijaykumar Bajranglal Taparia |
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Designation : |
Whole-time director |
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Address : |
Girikunj, 71, Netaji Subhash Road, Marine Drive, Mumbai-400020,
Maharashtra, India |
|
Date of Appointment : |
29.10.1984 |
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DIN No.: |
00112567 |
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Name : |
Mr. Bajranglal Surajmal Taparia |
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Designation : |
Chairman |
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Address : |
71, Girikunj, 6th Floor Marine Drive, Netaji Subhash Road, Mumbai-400020, Maharashtra, India |
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Date of Birth/Age : |
25.11.1934 |
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Date of Appointment : |
15.06.1977 |
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Qualification : |
B. Com |
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Expertise in
specific functional area : |
Overall guidance in framing Business Policies and Social Work |
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DIN No.: |
00112438 |
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Name : |
Mr. Bhupendranath Bhargava |
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Designation : |
Director |
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Address : |
B/1201, Gulmohar Apartments, Ceaser Road, Amboli, Andheri (West),
Mumbai-400058, Maharashtra, India |
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Date of Appointment : |
25.09.1996 |
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DIN No.: |
00001823 |
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Name : |
Mr. Yogendra Premkrishna Trivedi |
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Designation : |
Director |
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Address : |
"Ministry Manor", 62-A, Napeansea Road, Mumbai-400006,
Maharashtra, India |
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Date of Appointment : |
30.08.2003 |
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DIN No.: |
00001879 |
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Name : |
Mr. Rajeev Mahendra Pandia |
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Designation : |
Director |
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Address : |
701, Benson Sai Baba Road, Santacruz (West), Mumbai-400054,
Maharashtra, India |
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Date of Appointment : |
17.09.2014 |
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DIN No.: |
00021730 |
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Name : |
Mr. Naresh Nagindas Khandwala |
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Designation : |
Director |
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Address : |
Ram-Krishna, Plot 173, 10th Road, Khar (West), Mumbai-400052,
Maharashtra, India |
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Date of Appointment : |
23.09.1982 |
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DIN No.: |
00112603 |
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Name : |
Mrs. Rashna Hoshang Khan |
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Designation : |
Director |
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Address : |
6, Shiv Shanti Bhavan, 1st Floor, 146, M. Karve Road, Mumbai-400020,
Maharashtra, India |
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Date of Appointment : |
21.07.2014 |
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DIN No.: |
06928148 |
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Name : |
Mr. Ramanathan Kannan |
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Designation : |
Director |
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Address : |
21,Parthasarathypuram North Usman Road, T. Nagar Chennai-600017, Tamilnadu, India |
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Date of Appointment : |
17.09.2014 |
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DIN No.: |
00380328 |
KEY EXECUTIVES
|
Name : |
Mr. Rajendrakumar Jugalkishore Saboo |
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Designation : |
AVP (Corporate Affairs) and Company Secretary |
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Address : |
16, Rekha 83, R.A. Kidwai Road, Wadala, Mumbai – 400031, Maharashtra, India |
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Date of Appointment : |
18.08.2012 |
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PAN No.: |
AAGPS3421B |
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Name : |
Mr. Prakashchandra Bhagatram Somani |
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Designation : |
Chief Financial Officer |
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Address : |
714, Indraprasht Aahash CHS, Satyanagar, Borivali (West),
Mumbai-400092, Mumbai, 400092, Maharashtra, India |
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Date of Appointment : |
21.07.2014 |
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PAN No.: |
AAKPS5529G |
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|
Name : |
Mr. Kannan |
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Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2018
|
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 % |
|
|
(A) Promoter & Promoter
Group |
63132745 |
49.70 |
|
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(B) Public |
63894125 |
50.30 |
|
|
Grand Total |
127026870 |
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 % |
|
|
A1) Indian |
|||
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Individuals/Hindu
undivided Family |
3235590 |
2.55 |
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Mahaveer Prasad Taparia |
749186 |
0.59 |
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|
Vijay Kumar Taparia |
344890 |
0.27 |
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Shivratan Taparia |
703816 |
0.55 |
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Kusumdevi Taparia |
98690 |
0.08 |
|
|
Shri Bajranglal Taparia |
317398 |
0.25 |
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Priyanka Devi Taparia |
141500 |
0.11 |
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Kamleshdevi Taparia |
347830 |
0.27 |
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Vivek Kumar Taparia |
262230 |
0.21 |
|
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Viren Vivek Taparia |
200050 |
0.16 |
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|
Anika Vivekkumar Taparia |
20000 |
0.02 |
|
|
Akshay Vivekkumar Taparia |
50000 |
0.04 |
|
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Any
Other (specify) |
59897155 |
47.15 |
|
|
Boon Investment And Trading
Company Private Limited |
20206592 |
15.91 |
|
|
Jovial Investment And Trading Company
Private Limited |
19912082 |
15.68 |
|
|
Venktesh Investment And
Trading Company Private Limited |
19693081 |
15.50 |
|
|
Platinum Plastic And
Industries Private Limited |
49100 |
0.04 |
|
|
Space AGE Chemplast Private
Limited |
30000 |
0.02 |
|
|
Suraj Packaging Private
Limited |
6300 |
0.00 |
|
|
Sub
Total A1 |
63132745 |
49.70 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
63132745 |
49.70 |
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 |
|
|
B1)
Institutions |
|
|
|
|
Mutual
Funds/ |
9391560 |
7.39 |
|
|
AXIS MUTUAL FUND TRUSTEE
LIMITED A/C AXIS MUTUAL FUND A/C AXIS FOCUSED 25 FUND |
1575560 |
1.24 |
|
|
DSP BLACKROCK MIDCAP FUND |
1490942 |
1.17 |
|
|
HDFC TRUSTEE COMPANY LTD - A/C
HDFC MID - CAPOPPORTUNITIES FUND |
2140500 |
1.69 |
|
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Alternate
Investment Funds |
603588 |
0.48 |
|
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Foreign
Portfolio Investors |
13048304 |
10.27 |
|
|
SMALLCAP WORLD FUND, INC |
4577939 |
3.60 |
|
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Financial
Institutions/ Banks |
46751 |
0.04 |
|
|
Any
Other (specify) |
13933407 |
10.97 |
|
|
J P MORGAN FUNDS |
1491820 |
1.17 |
|
|
JPMORGAN EMERGING MARKETS
INVESTMENT TRUST PLC |
1479890 |
1.17 |
|
|
NALANDA INDIA FUND LIMITED |
7544002 |
5.94 |
|
|
FOREIGN FINANCIAL INSTITUTIONS
/ BANKS |
500 |
0.00 |
|
|
Sub
Total B1 |
37023610 |
29.15 |
|
|
B2)
Central Government/ State Government(s)/ President of India |
0 |
0.00 |
|
|
Central
Government/ State Government(s)/ President of India |
233900 |
0.18 |
|
|
Sub
Total B2 |
233900 |
0.18 |
|
|
B3)
Non-Institutions |
0 |
0.00 |
|
|
Individual
share capital upto INR 0.200 million |
18415776 |
14.50 |
|
|
Individual
share capital in excess of INR 0.200 million |
2826611 |
2.23 |
|
|
NBFCs
registered with RBI |
3172 |
0.00 |
|
|
Any
Other (specify) |
5391056 |
4.24 |
|
|
Bodies Corporate |
4693774 |
3.70 |
|
|
Clearing Members |
86387 |
0.07 |
|
|
Non-Resident Indian (NRI) |
607675 |
0.48 |
|
|
Trusts |
3220 |
0.00 |
|
|
Sub
Total B3 |
26636615 |
20.97 |
|
|
B=B1+B2+B3 |
63894125 |
50.30 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing various plastic products
like Plastic Piping System, Industrial and Engineering Molded products,
Storage and Material Handling Products, Plastic Molded Furniture, Protective
Packaging Products, Cross Laminated Film and products thereof, Performance
packaging Film and Composite LPG Cylinders etc. (Registered Activity) |
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Products : |
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Brand Names : |
“SUPREME” |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees (As on 2017) : |
4712 (Approximately) |
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Bankers : |
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Facilities : |
|
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Statutory Auditors |
|
|
Name : |
Lodha and Company Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
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|
Subsidiary Company (As on 31.03.2017) : |
The Supreme Industries Overseas FZE, Sarjah |
|
|
|
|
Associate (As on 31.03.2017) : |
Supreme Petrochem Limited |
|
|
|
|
Enterprises in
which Directors have significant influence (As on 31.03.2017) : |
Devrat Impex Private Limited |
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 254.100
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
INR 2/- each |
INR 300.000 Million |
|
11200000 |
Preference Shares |
INR 10/- each |
INR 112.000 Million |
|
33800000 |
Unclassified Shares |
INR 10/- each |
INR 338.000 Million |
|
|
Total |
|
INR 750.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
127026870 |
Equity Shares |
INR 2/- each |
INR 254.054
Million |
|
|
|
|
|
The reconciliation of
the number of equity shares outstanding is set out below:
(INR in Million)
|
Particulars |
As at 31.03.2017 |
|
|
Numbers |
Amount |
|
|
Equity Shares at the beginning of the year |
127026870 |
254.054 |
|
Equity Shares at the
end of the year |
127026870 |
254.054 |
Terms/rights attached
to Equity shares:
The company has only one class of issued Equity Shares having a par value of INR 2 per share. Each Shareholder is eligible for one vote per share held.
The Dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of Interim Dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholding.
The details of
Shareholders holding more than 5% shares:
|
Name of the
Shareholders |
As at 31.03.2017 |
|
|
No. of Equity Shares |
% of Holding |
|
|
Boon Investment and Trading Company Private Limited |
20206592 |
15.91% |
|
Jovial Investment and Trading Company Private Limited |
19912082 |
15.68% |
|
Venkatesh Investment and Trading Company Private Limited |
19693081 |
15.50% |
|
Nalanda India Fund Limited |
8176502 |
6.44% |
In the Period of five
years immediately preceding March, 2017:
The Company has not alloted any equity shares as fully paid up without payment being received in cash or as Bonus Shares or Bought back any equity shares.
Proposed Dividend:
The Board of directors have recommended the payment of a
final dividend of INR 12 per fully paid up equity share (March 31, 2016: NIL),
The proposed dividend is subject to the approval of shareholders in the ensuing
annual general meeting.
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
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 |
254.100 |
254.100 |
254.100 |
|
(b) Reserves & Surplus |
17076.400 |
15280.400 |
11967.300 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
17330.500 |
15534.500 |
12221.400 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13.500 |
166.200 |
641.400 |
|
(b) Deferred tax liabilities
(Net) |
1134.000 |
1162.600 |
115.200 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
132.800 |
133.000 |
1054.800 |
|
(e) Deposits |
9.300 |
8.400 |
10.400 |
|
Total
Non-current Liabilities (3) |
1289.600 |
1470.200 |
1821.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2310.100 |
2149.200 |
1638.400 |
|
(b) Trade payables |
4898.900 |
4536.200 |
3442.200 |
|
(c) Other current liabilities |
1829.600 |
3013.800 |
4154.200 |
|
(d) Short-term provisions |
70.700 |
40.400 |
34.900 |
|
(e) Deposits |
14.000 |
10.000 |
5.100 |
|
Total
Current Liabilities (4) |
9123.300 |
9749.600 |
9274.800 |
|
|
|
|
|
|
TOTAL |
27743.400 |
26754.300 |
23318.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
13473.100 |
12541.100 |
11707.000 |
|
(ii) Intangible Assets |
60.800 |
91.900 |
139.500 |
|
(iii) Capital work-in-progress |
626.200 |
459.000 |
682.100 |
|
(iv) Intangible assets under
development |
124.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
336.600 |
336.600 |
336.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
256.000 |
222.500 |
228.600 |
|
(e) Other Non-current assets |
282.700 |
325.400 |
466.000 |
|
Total
Non-Current Assets |
15159.400 |
13976.500 |
13559.400 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
6969.800 |
7767.900 |
5578.500 |
|
(c) Trade receivables |
3830.300 |
2756.400 |
2361.700 |
|
(d) Cash and cash equivalents |
334.900 |
787.300 |
283.500 |
|
(e) Short-term loans and
advances |
61.600 |
66.600 |
70.900 |
|
(f) Other current assets |
1387.400 |
1399.600 |
1464.000 |
|
Total
Current Assets |
12584.000 |
12777.800 |
9758.600 |
|
|
|
|
|
|
TOTAL |
27743.400 |
26754.300 |
23318.000 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2018 (12 Months) |
31.03.2017 (12 Months) |
31.03.2016 (9 Months) |
|
|
SALES |
|
|
|
|
|
Income |
49660.300 |
44617.700 |
29600.600 |
|
|
Other Income |
177.800 |
80.200 |
108.200 |
|
|
TOTAL
|
49838.100 |
44697.900 |
29708.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
31711.300 |
29392.600 |
19676.200 |
|
|
Purchases of Stock-in-Trade |
769.200 |
745.100 |
533.400 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
374.900 |
(1219.800) |
(714.300) |
|
|
Employees benefits expense |
2412.600 |
2110.500 |
1456.700 |
|
|
Exceptional Items |
0.000 |
0.000 |
76.900 |
|
|
Power and Fuel Expenses |
1736.000 |
0.000 |
0.000 |
|
|
Other expenses |
4790.900 |
5973.400 |
4039.800 |
|
|
TOTAL |
41794.900 |
37001.800 |
25068.700 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
8043.200 |
7696.100 |
4640.100 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
219.200 |
302.400 |
288.700 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7824.000 |
7393.700 |
4351.400 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1671.500 |
1542.900 |
1045.700 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
6152.500 |
5850.800 |
3305.700 |
|
|
|
|
|
|
|
Less |
TAX |
2057.000 |
2057.800 |
1176.400 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4095.500 |
3793.000 |
2129.300 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
NA |
887.700 |
544.492 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
|
|
|
Basic and Diluted
Earning Per Share (Before exceptional Income/Loss) |
32.24 |
29.86 |
17.37 |
|
|
Basic and Diluted
Earning Per Share (After exceptional Income/Loss) |
32.24 |
29.86 |
16.76 |
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 |
474.400 |
1841.200 |
|
Cash generated from operations |
NA |
6348.600 |
4214.600 |
|
Net Cash Flow From Operating Activities |
NA |
4643.300 |
2962.500 |
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) |
28.15 |
22.55 |
29.12 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
12.97 |
16.19 |
12.53 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
55.05 |
54.94 |
62.17 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.15 |
0.99 |
0.83 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.56 |
0.59 |
0.37 |
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) |
0.33 |
0.39 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.13 |
0.18 |
0.34 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.53 |
0.63 |
0.76 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.82 |
0.84 |
1.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
36.69 |
25.45 |
16.07 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 (12 Months) |
31.03.2017 (12 Months) |
31.03.2016 (9 Months) |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
8.25 |
8.50 |
7.19 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
14.76 |
14.18 |
9.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
23.63 |
24.42 |
17.42 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 (12 Months) |
31.03.2017 (12 Months) |
31.03.2016 (9 Months) |
|
Current Ratio (Current Assets / Current Liabilities) |
1.38 |
1.31 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.62 |
0.51 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.62 |
0.58 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
9.14 |
10.98 |
16.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.38 |
1.31 |
1.05 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 2.00/- |
|
Market Value |
INR 1242.30/- |
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 |
254.100 |
254.100 |
254.100 |
|
Reserves & Surplus |
11967.300 |
15280.400 |
17076.400 |
|
Net
worth |
12221.400 |
15534.500 |
17330.500 |
|
|
|
|
|
|
long-term borrowings |
641.400 |
166.200 |
13.500 |
|
Short term borrowings |
1638.400 |
2149.200 |
2310.100 |
|
Total
borrowings |
2279.800 |
2315.400 |
2323.600 |
|
Debt/Equity
ratio |
0.187 |
0.149 |
0.134 |
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 |
29600.600 |
44617.700 |
49660.300 |
|
|
|
50.732 |
11.302 |
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 |
29600.600 |
44617.700 |
49660.300 |
|
Profit |
2129.300 |
3793.000 |
4095.500 |
|
|
7.19% |
8.50% |
8.25% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2018 (12 Months) |
31.03.2017 (12 Months) |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
254.100 |
254.100 |
|
(b) Reserves & Surplus |
|
18694.900 |
16703.100 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
18949.000 |
16957.200 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
13.500 |
166.200 |
|
(b) Deferred tax liabilities
(Net) |
|
1134.000 |
1162.600 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
132.800 |
133.000 |
|
(e) Deposits |
|
9.300 |
8.400 |
|
Total
Non-current Liabilities (3) |
|
1289.600 |
1470.200 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2310.100 |
2149.200 |
|
(b) Trade payables |
|
4898.100 |
4532.500 |
|
(c) Other current liabilities |
|
1829.600 |
3013.900 |
|
(d) Short-term provisions |
|
70.700 |
40.400 |
|
(e) Deposits |
|
14.000 |
10.000 |
|
Total
Current Liabilities (4) |
|
9122.500 |
9746.000 |
|
|
|
|
|
|
TOTAL |
|
29361.100 |
28173.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
13473.100 |
12541.100 |
|
(ii) Intangible Assets |
|
60.800 |
91.900 |
|
(iii) Capital work-in-progress |
|
626.200 |
459.000 |
|
(iv) Intangible assets under
development |
|
124.000 |
0.000 |
|
(b) Non-current Investments |
|
1936.800 |
1746.400 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
256.000 |
222.500 |
|
(e) Other Non-current assets |
|
282.700 |
325.400 |
|
Total
Non-Current Assets |
|
16759.600 |
15386.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
|
|
(b) Inventories |
|
6969.800 |
7768.500 |
|
(c) Trade receivables |
|
3819.500 |
2753.300 |
|
(d) Cash and cash equivalents |
|
363.000 |
798.300 |
|
(e) Short-term loans and
advances |
|
61.800 |
66.800 |
|
(f) Other current assets |
|
1387.400 |
1400.200 |
|
Total
Current Assets |
|
12601.500 |
12787.100 |
|
|
|
|
|
|
TOTAL |
|
29361.100 |
28173.400 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2018 (12 Months) |
31.03.2017 (12 Months) |
|
|
SALES |
|
|
|
|
|
Income |
|
49662.900 |
44622.600 |
|
|
Other Income |
|
47.500 |
51.300 |
|
|
TOTAL
|
|
49710.400 |
44673.900 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
31711.300 |
29392.600 |
|
|
Purchases of Stock-in-Trade |
|
771.300 |
743.900 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
374.900 |
(1219.800) |
|
|
Employees benefits expense |
|
2418.800 |
2116.800 |
|
|
Other expenses |
|
4779.500 |
5970.400 |
|
|
Power and Fuel Expenses |
|
1736.000 |
0.000 |
|
|
TOTAL
|
|
41791.800 |
37003.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
7918.600 |
7670.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
219.200 |
302.600 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
7699.400 |
7367.400 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
1671.500 |
1542.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
6027.900 |
5824.500 |
|
|
|
|
|
|
|
Less |
TAX |
|
2057.000 |
2057.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
3970.900 |
3766.700 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
|
|
|
Basic
|
|
33.99 |
33.88 |
|
|
Diluted
|
|
33.99 |
33.88 |
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 about last three
financial years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last about last three
financial years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY OVERVIEW (As on 31.03.2017)
The Company is public limited Company incorporated and domiciled in India and has registered office at 612, Raheja Chambers, Nariman Point, Mumbai 400 021. It is incorporated under the Indian Companies Act, 1913 and its shares are listed on the Bombay Stock Exchange Limited and National Stock Exchange in India.
The Supreme Industries Limited is one of the leading plastic products manufacturing company in India having 25 manufacturing facilities spread across the country. Company is engaged in manufacturing various plastic products like Plastic Piping System, Industrial and Engineering Molded products, Storage and Material Handling Products, Plastic Molded Furniture, Protective Packaging Products, Cross Laminated Film and products thereof, Performance packaging Film and Composite LPG Cylinders etc.
UNSECURED LOANS
|
Particulars |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Deferred payment liabilities (under sales tax deferral
scheme) |
NA |
12.300 |
|
Short-term
borrowings |
|
|
|
Foreign Currency loans - Buyer’s credit |
NA |
556.600 |
|
Commercial papers |
NA |
1250.000 |
|
Total |
NA |
1818.900 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C44453728 |
10550836 |
Axis Bank Limited |
09/01/2015 |
- |
- |
185000000.0 |
Corporate Banking Branch, Axis House, Ground FloorBombay Dyeing Mill Compound, P. B. Marg, Worli, Mumbai MH 400025 IN |
|
2 |
C39227566 |
10534213 |
The Hongkong and Shanghai Banking Corporation Limited |
08/10/2014 |
08/10/2014 |
- |
1000000000.0 |
"Rajalakshmi", No.5 & 7,Cathedral Road,ChennaiTN600086IN |
|
3 |
C53605267 |
90234334 |
CENTRAL BANK OF INDIA |
20/05/1997 |
13/05/2015 |
- |
5000000000.0 |
CORPORATE FINANCE BRANCH, MUMBAI MAIN OFFICE BLDG,1ST FLOOR, M. G. ROAD, FORTMUMBAIMH400023IN |
|
4 |
100066039 |
U.P. FINANCIAL CORPORATION |
27/03/1990 |
- |
- |
287500.0 |
14/80, Civil Lines,KanpurUP208001IN |
|
|
5 |
100067016 |
U. P. FINANCIAL CORPORATION |
27/03/1990 |
- |
- |
312500.0 |
14/80 Civil LineskanpurUP208001IN |
|
|
6 |
G55592711 |
10502087 |
HSBC BANK (MAURITIUS) LIMITED |
04/06/2014 |
- |
22/09/2017 |
1190000000.0 |
6TH FLOOR, HSBC CENTRE,18 CYBERCITY,EBENENANAMU |
|
7 |
G22735070 |
100044625 |
UNION BANK OF INDIA |
20/02/1981 |
- |
24/10/2016 |
2500000.0 |
BOMBAY MAIN OFFICE, 239 BACKBAY RECLAMATION, NARIMAN POINTMUMBAIMH400021IN |
|
8 |
G22739197 |
100038878 |
UNION BANK OF INDIA |
30/08/1988 |
- |
24/10/2016 |
5100000.0 |
BOMBAY MAIN OFFICE, NARIMAN POINT,MUMBAIMH400021IN |
|
9 |
G22736433 |
100038641 |
UNION BANK OF INDIA |
30/08/1988 |
- |
24/10/2016 |
375000.0 |
BOMBAY MAIN OFFICE, NARIMAN POINTMUMBAIMH400021IN |
|
10 |
G22733760 |
100042741 |
UNION BANK OF INDIA |
20/08/1987 |
- |
24/10/2016 |
3500000.0 |
NARIMAN POINT BRANCH, 239, BACKBAY RECLAMATION, NARIMANPOINTMUMBAIMH400021IN |
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
Bills/Cheque
discounted |
NA |
327.700 |
|
Claim
against the Company including Show-cause-cum- demand Notices in relation to
Central Excise and Service Tax not acknowledged as debts |
NA |
171.100 |
|
Disputed
Income Tax demands |
NA |
94.200 |
|
Disputed
Sales Tax / Entry Tax demands |
NA |
53.700 |
|
Other
claims against the Company not acknowledged as debts |
NA |
26.900 |
Fixed assets:
Tangible Assets
· Freehold Land
· Leasehold Land
· Buildings
· Plant, Machinery and Electrical Installations
· Moulds and Dies
· Furniture, Fixture and Office Equipments
· Vehicles (Owned and Under Finance Lease)
· Sundry Equipments
Intangible Assets
· Computer Software and License Fees
· Technical License / Know How
· Right to Use
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 |
|
US Dollar |
1 |
INR 68.02 |
|
UK Pound |
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYTK |
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.