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MIRA INFORM REPORT
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Report No. : |
511089 |
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Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
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Name : |
JYOTHY LABORATORIES LIMITED (w.e.f. 12.08.1996) |
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Formerly Known
As : |
JYOTHI LABORATORIES LIMITED (w.e.f. 06.10.1995) JYOTHI LABORATORIES PRIVATE LIMITED |
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Registered
Office : |
“Ujala House”, Ramkrishna Mandir Road, Kondivita, Off Andheri Kurla
Road, Andheri (East), Mumbai – 400 059, Maharashtra |
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Mob. No.: |
91-22-66892800 |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
15.01.1992 |
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Com. Reg. No.: |
11-128651 |
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Capital
Investment / Paid-up Capital : |
INR 181.794 Million |
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CIN No.: [Company Identification
No.] |
L24240MH1992PLC128651 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TIN No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACJ3213B |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturing
and Marketing of fabric care, dishwashing , personal care and household
insecticides products [Registered Activity] |
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No. of Employees
: |
2391 (Approximately) [AS ON
31.03.2017] |
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 : |
Clear |
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Comments : |
Jyothy Laboratories Limited is a Mumbai based FMCG Company. It is engaged in manufacturing and marketing of fabric whiteners, soaps, detergents, mosquito repellents, scrubber, body care and incense sticks. The company was incorporated in the year 1992 and is based in Mumbai, Maharashtra. It is an established company having excellent track record.
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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 |
CARE RATING |
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Rating |
Long Term Rating = AA |
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Rating Explanation |
High degree of safety and very low credit risk |
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Date |
November 29, 2017 |
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Rating Agency Name |
CARE RATING |
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Rating |
Short Term Rating = A1+ |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
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Date |
November 29, 2017 |
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 28.05.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative (Tel. No.: 91-22-66892800)
LOCATIONS
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Registered Office/ Corporate Office : |
“Ujala House”, Ramkrishna Mandir Road, Kondivita, Off Andheri Kurla
Road, Andheri (East), Mumbai – 400 059, Maharashtra, India |
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Tel. No.: |
91-22-66892800 |
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Fax No.: |
91-22-66892805 |
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E-Mail : |
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Website : |
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Regional Office : |
# N-903, Rear Wing, Manipal Center, Dickenson Road, Bangalore – 560
042, Karnataka, India |
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Tel. No.: |
91-80-40337300/ 40337301/
40337302 |
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Fax No.: |
91-80-25580244 |
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E-Mail : |
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Factory 1 : |
Shed No.25/26, IDA Kothur, District: Mehboob
Nagar – 509 228, Telangana, India |
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Factory 2 : |
E.P.I.P. Complex, AIDC-Amingaon, Guwahati – 781 031, Assam, India |
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Factory 3 : |
Survey No.910/7/1, Dokmardi, Amli, Silvassa – 396 230, Dadra and Nagar Haveli, India |
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Factory 4 : |
Village: Katha, P.O.: Baddi, District: Solan – 173 205, Himachal Pradesh, India |
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Factory 5 : |
Lane No.2, Phase No.2, SIDCO Industrial Complex,
Bari Barhmana, District: Samba (Jammu) – 180 001, Jammu and Kashmir, India |
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Factory 6 : |
MP IV/ 101 B, P.O.: Kolagappara, Sulthan Bathery
– 673 591, Kerala, India |
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Factory 7 : |
Kandanassery, Via-Ariyannur, Guruvayur – 680 101,
District: Trichur, Kerala, India |
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Factory 8 : |
Plot No.201, Sector I, Pithampur Industrial Area,
District Dhar – 454 775, Madhya Pradesh, India |
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Factory 9 : |
131, Peralam Main Road, P.O.: Thirunallar,
District: Karaikkal – 609 607, Pondicherry, India |
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Factory 10 : |
R.S. No.12/1 and 2, Ujala Nagar Industrial
Estate, Ujala Road, Thethampakkam, Vai Vazhudavur, P.O.: Suthukeny – 605 502,
Pondicherry, India |
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Factory 11 : |
Plot No.6, 7 and 8, Bearing Khasara Nos.361, 366
and 370, KIE Industrial Estate, Village:
Undiyaki – 247 667, Uttarakhand, India |
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Factory 12 : |
Khasra No.119, Pargana Bhagwanpur, Village
Raipur, Haridwar, Uttarakhand, India |
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Factory 13 : |
Plot No.656, New Light House More, Bishnupur,
District: Bankura – 722 122, West Bengal, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Ramachandran Panjan Moothedath |
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Designation : |
Managing Director |
|
Address : |
201, 2nd Floor, Lake Superior,
Lake Homes Chandivali, Adishankaracharya Road, Andheri (East), Mumbai – 400
076, Maharashtra, India |
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Date of Birth/Age : |
22.08.1946 |
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Qualification : |
Postgraduate Degree in Financial Management |
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Date of Appointment : |
15.01.1992 |
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DIN No.: |
00553406 |
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Name : |
Mr. Ullas Kasaragod Kamath |
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Designation : |
Managing Director |
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Address : |
Flat No.202, No.4, Renaissance Mangalam, 13th Cross,
Between 10th and 11th Main, Malleswaram, Bangalore –
560 003, Karnataka, India |
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Qualification : |
M.Com., F.C.A., A.C.S., L.L.B., A.M.P. – Wharton Business School and
Harward Business School |
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Date of Birth/Age : |
01.01.1963 |
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Date of Appointment : |
26.03.1997 |
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PAN No.: |
ACNPK9912A |
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DIN No.: |
00506681 |
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Name : |
Mr. Raghunandan Sathyanarayan Rao |
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Designation : |
Whole Time Director |
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Address : |
D-401, ATS Greens, Sector-50, Noida – 201
305, Uttar Pradesh, India |
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Qualification : |
MBA |
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DIN No.: |
02263845 |
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Name : |
Mrs. Jyothy Ramchandran |
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Designation : |
Whole Time Director |
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Address : |
No.100, 3rd Main, 7th
Block, 4th Phase, BSK 3rd Stage, Bangalore – 560 085,
Karnataka, India |
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Date of Birth/Age : |
14.01.1978 |
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Date of Appointment : |
01.01.2004 |
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DIN No.: |
00571828 |
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Name : |
Mr. Nilesh Bansilal Mehta |
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Designation : |
Independent Director |
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Address : |
203, Tulsi Villa, Poddar Road, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
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Date of Birth/Age : |
24.04.1962 |
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Date of Appointment : |
07.02.2003 |
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DIN No.: |
00199071 |
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Name : |
Mr. Kiliyanat Puliasseri Padmakumar |
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Designation : |
Independent Director |
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Address : |
3F, Skyline Topaz, Kaloor Kadavanthara
Road, Kaloor P.O., Ernakulam – 682 017, Kerala, India |
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Date of Birth/Age : |
20.04.1944 |
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Date of Appointment : |
06.06.2007 |
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DIN No.: |
00023176 |
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Name : |
Mr. Bipin Ratilal Shah |
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Designation : |
Independent Director |
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Address : |
8-D, IL Palazzo, Little Gibbs Road, Malabar Hill, Mumbai – 400 006,
Maharashtra, India |
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Date of Birth/Age : |
16.07.1932 |
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Date of Appointment : |
06.06.2007 |
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DIN No.: |
00006094 |
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Name : |
Mr. Ramakrishnan Lakshminarayanan |
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Designation : |
Independent Director |
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Address : |
D-1, Grasmere Apartment, 57-58, Osborne
Road, Shivan Chetty Garden, Bangalore – 560 042, Karnataka, India |
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Qualification : |
Master of Science in Industrial Chemistry |
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Date of Appointment : |
23.05.2012 |
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DIN No.: |
00238887 |
KEY EXECUTIVES
|
Name : |
Mr. Ullas Kasaragod Kamath |
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Designation : |
Chief Financial Officer |
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Address : |
Flat No.202, No.4, Renaissance Mangalam, 13th
Cross, Between 10th and 11th Main, Bangalore – 560 003,
Karnataka, India |
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Date of Appointment : |
22.05.2014 |
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PAN No.: |
ACNPK9912A |
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Name : |
Mr. Shreyas Parag Trivedi |
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Designation : |
Company Secretary |
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Address : |
Flat No. 2, A Wing, Lal Lal Cooperative Housing Society, Datta Mandir Road, Dahanukarwadi, Kandivli (West), Mumbai-400067, Maharashtra, India |
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Date of Appointment : |
23.05.2016 |
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PAN No.: |
AAGPT4802P |
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 |
12,15,33,847 |
66.85 |
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(B) Public |
6,02,60,240 |
33.15 |
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Grand Total |
18,17,94,087 |
100.00 |
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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 |
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Individuals/Hindu undivided Family |
10,43,58,847 |
57.40 |
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|
M P Ramachandran |
7,01,36,948 |
38.58 |
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M P Divakaran |
72,35,913 |
3.98 |
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M P Sidharthan |
52,15,230 |
2.87 |
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M R Deepthy |
51,80,885 |
2.85 |
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M R Jyothy |
47,68,937 |
2.62 |
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M G Shanthakumari |
36,17,954 |
1.99 |
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U B Beena |
34,46,600 |
1.90 |
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M. P. Divakaran- HUF |
19,04,000 |
1.05 |
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K. Ullas Kamath |
14,51,380 |
0.80 |
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Sidharthan M P- HUF |
13,20,000 |
0.73 |
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K K Sujatha |
81,000 |
0.04 |
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Any Other (specify) |
1,71,75,000 |
9.45 |
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|
Sahyadri Agencies Limited |
1,50,00,000 |
8.25 |
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Jaya Trust |
21,75,000 |
1.20 |
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Sub Total A1 |
12,15,33,847 |
66.85 |
|
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A2) Foreign |
0.00 |
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A=A1+A2 |
12,15,33,847 |
66.85 |
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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/ |
95,21,243 |
5.24 |
|
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Franklin India Smaller Companies Fund |
25,89,000 |
1.42 |
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Sundaram Mutual Fund A/C Sundaram Select Midcap |
21,81,700 |
1.20 |
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Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life
Small And Midcap Fund |
18,88,000 |
1.04 |
|
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Alternate Investment Funds |
10,71,303 |
0.59 |
|
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Foreign Portfolio Investors |
2,98,56,608 |
16.42 |
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Aberdeen Global- Asian Smaller Companies Fund |
31,30,573 |
1.72 |
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First State Indian Subcontinent Fund |
31,20,129 |
1.72 |
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Emblem Fii |
30,75,000 |
1.69 |
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The India Fund Inc |
22,77,470 |
1.25 |
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The Scottish Oriental Smaller Companies Trustplc |
20,71,764 |
1.14 |
|
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Financial Institutions/ Banks |
16,079 |
0.01 |
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Insurance Companies |
12,51,120 |
0.69 |
|
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Sub Total B1 |
4,17,16,353 |
22.95 |
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B2) Central Government/ State Government(s)/ President of India |
0.00 |
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B3) Non-Institutions |
0.00 |
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Individual share capital upto INR 0.200 Million |
82,87,848 |
4.56 |
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Any Other (specify) |
1,02,56,039 |
5.64 |
|
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IEPF |
2,745 |
0.00 |
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Trusts |
2,062 |
0.00 |
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HUF |
2,42,070 |
0.13 |
|
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Non-Resident Indian (NRI) |
4,14,391 |
0.23 |
|
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Clearing Members |
1,71,949 |
0.09 |
|
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Bodies Corporate |
94,22,822 |
5.18 |
|
|
Icici Prudential Life Insurance Company Limited |
87,31,548 |
4.80 |
|
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Sub Total B3 |
1,85,43,887 |
10.20 |
|
|
B=B1+B2+B3 |
6,02,60,240 |
33.15 |
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BUSINESS DETAILS
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Line of Business : |
Manufacturing
and Marketing of fabric care, dishwashing , personal care and household
insecticides products [Registered Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
2391 (Approximately) [AS ON
31.03.2017] |
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Bankers : |
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Statutory Auditors : |
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Name : |
S.R.B.C. and Comapny LLP Chartered Accountants |
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Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West),
Mumbai – 400 028, Maharashtra, India |
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Tel. No.: |
91-22-61920000 |
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Fax No.: |
91-22-61921000 |
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Internal Auditor : |
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Name : |
Mahajan and Aibara LLP Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : [AS ON
31.03.2017] |
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Enterprises significantly influenced by key management personnel or their relatives : [AS ON 31.03.2017] |
Sahyadri
Agencies Limited |
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 181.800
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2720000000 |
Equity Shares |
INR 1/- each |
INR 2720.000 Million |
|
30000 |
11%
cumulative preference shares |
INR 100/- each |
INR 3.000 |
|
|
|
|
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|
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TOTAL |
|
INR 2723.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
181119680 |
Equity Shares |
INR 1/- each |
INR 181.120 million |
|
|
Issue of Share Capital |
|
INR 0.564 Million |
|
|
Total |
|
INR 181.684 Million |
Terms/ rights
attached to equity shares
The
Company has only one class of equity shares having par value of Re 1 per share.
Each holder of equity shares is entitled to one vote per share. The Company declares
and pays dividends in Indian rupees. The dividend proposed by the Board of
Directors is subject to the approval of the shareholders in the ensuing Annual
General Meeting. In the event of liquidation of the Company, the holders of
equity shares will be entitled to receive remaining assets of the Company,
after distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.
- Reconciliation of the shares outstanding and at the end of the
reporting period
|
Particulars |
31.03.2017 |
|
|
No. |
INR In Million |
|
|
Equity shares of Re
1 each issued, subscribed and fully paid |
|
|
|
At the
beginning of the period |
181119680 |
181.120 |
|
Issued
during the year |
56044 |
5.64 |
|
Outstanding
at the end of the period |
181683727 |
181.684 |
|
|
|
|
- Details of shareholders holding more than 5% shares in the Company
|
Particulars |
31.03.2017 |
|
|
No. |
% holding in class |
|
|
Equity shares of Re
1 each fully paid |
|
|
|
M. P. Ramachandran |
70136948 |
38.60% |
|
Sahyadri
Agencies Limited |
15000000 |
8.26% |
|
|
|
|
As per
records of the Company, including its register of shareholders/ members and
other declarations received from shareholders regarding beneficial interest, the
above shareholding represents both legal and beneficial ownerships of shares.
- Aggregate number of bonus shares issued, shares issued for consideration other than cash during the period of five year immediately preceding the reporting date:
|
Particulars |
31.03.2017 |
|
Equity
shares allotted as fully paid bonus shares by capitalisation of securities
premium (FY 2013 - 2014) |
2379748 |
|
Equity
shares issued for consideration other than cash, pursuant to scheme of amalgamation
with erstwhile Jyothy Consumer Products Limited (JCPL) (FY
2013 - 2014) |
2379748 |
|
|
|
In
addition the company has issued 564,044 share (2016 - 96,184, 2015 - Nil)
during the period of five years immediately preceding the reporting date on exercise
of option granted under the employee stock option plan (ESOP) wherein part
consideration was received in form of employee services.
- Share reserve for issue under option
For details of shares reserved for issue under the employee stock option (ESOP) plan of the company,
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
|
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|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
181.800 |
181.684 |
181.120 |
|
(b) Reserves &
Surplus |
6652.800 |
6354.780 |
4540.237 |
|
(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) |
6834.600 |
6536.464 |
4721.357 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
481.876 |
927.368 |
|
(c) Other long term
liabilities |
42.500 |
0.000 |
0.000 |
|
(d) long-term provisions |
265.200 |
214.042 |
164.348 |
|
Total Non-current
Liabilities (3) |
307.700 |
695.918 |
1091.716 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2768.000 |
491.904 |
0.000 |
|
(b) Trade payables |
1671.600 |
1448.069 |
1566.205 |
|
(c) Other current
liabilities |
2688.000 |
4600.325 |
5663.545 |
|
(d) Short-term provisions |
319.800 |
310.115 |
293.046 |
|
Total Current Liabilities
(4) |
7447.400 |
6850.413 |
7522.796 |
|
|
|
|
|
|
TOTAL |
14589.700 |
14082.795 |
13335.869 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2588.200 |
2822.843 |
2494.241 |
|
(ii) Intangible Assets |
1275.800 |
1564.871 |
1853.038 |
|
(iii) Capital
work-in-progress |
152.700 |
80.280 |
55.218 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
24.000 |
|
(v) Goodwill |
1028.800 |
1028.769 |
1028.769 |
|
(b) Non-current
Investments |
1416.300 |
1401.299 |
1375.381 |
|
(c) Deferred tax assets
(net) |
628.300 |
1419.360 |
1210.692 |
|
(e) Trade Receivable |
67.000 |
56.927 |
0.000 |
|
(f) Long-term Loan and Advances |
75.900 |
69.809 |
57.621 |
|
(g) Other Non-current
assets |
1019.500 |
1135.615 |
1048.492 |
|
Total Non-Current Assets |
8252.500 |
9579.773 |
9147.452 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1039.300 |
140.809 |
675.479 |
|
(b) Inventories |
1869.600 |
1952.105 |
1837.137 |
|
(c) Trade receivables |
1560.800 |
1119.456 |
887.362 |
|
(d) Cash and cash
equivalents |
1272.000 |
954.612 |
548.772 |
|
(e) Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
595.500 |
336.040 |
239.667 |
|
Total Current Assets |
6337.200 |
4503.022 |
4188.417 |
|
|
|
|
|
|
TOTAL |
14589.700 |
14082.795 |
13335.869 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
17176.200 |
16981.590 |
16089.028 |
|
|
Other Income |
299.500 |
114.008 |
160.793 |
|
|
TOTAL |
17475.700 |
17095.598 |
16249.821 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5666.200 |
5167.907 |
4891.892 |
|
|
Purchases of
Stock-in-Trade |
2985.600 |
3759.257 |
3383.550 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
35.700 |
(60.822) |
6.641 |
|
|
Excise Duty |
178.900 |
661.941 |
667.599 |
|
|
Employees benefits
expense |
1680.100 |
1496.709 |
1418.456 |
|
|
Employee stock opetion
expenses |
(0.500) |
23.630 |
162.783 |
|
|
Advertisement and sales
promotion expenses |
1628.800 |
0.000 |
0.000 |
|
|
Other expenses |
2226.800 |
3331.450 |
3278.056 |
|
|
Share of Profit/(Loss) in
partnership firm |
0.000 |
(0.368) |
0.730 |
|
|
TOTAL |
14401.600 |
14379.704 |
13809.707 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
3074.100 |
2715.894 |
2440.114 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
423.500 |
508.891 |
564.594 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2650.600 |
2207.003 |
1875.520 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
565.900 |
547.406 |
542.087 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2084.700 |
1659.597 |
1333.433 |
|
|
|
|
|
|
|
Less |
TAX |
479.400 |
(360.853) |
588.229 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1605.300 |
2020.450 |
745.204 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
8.83 |
11.12 |
4.12 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
1942.122 |
2439.125 |
|
Net cash flow from operating activity |
NA |
1633.240 |
1921.946 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
33.17 |
24.06 |
20.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
11.00 |
15.17 |
18.13 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
70.52 |
59.21 |
69.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.64 |
1.39 |
1.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.77 |
0.61 |
0.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.51 |
0.49 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.40 |
0.08 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.09 |
1.05 |
1.59 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.59 |
0.68 |
0.94 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
7.26 |
5.34 |
4.32 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
9.35 |
11.90 |
4.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.00 |
14.35 |
5.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
23.49 |
30.91 |
15.78 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.85 |
0.66 |
0.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.60 |
0.37 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.47 |
0.46 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
15.23 |
2.71 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.85 |
0.66 |
0.56 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 1.00/- |
|
Market Value |
INR 420.00/- |
FINANCIAL ANALYSIS
[all figures are
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 |
181.120 |
181.684 |
181.800 |
|
Reserves & Surplus |
4540.237 |
6354.780 |
6652.800 |
|
Net worth |
4721.357 |
6536.464 |
6834.600 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
491.904 |
2768.000 |
|
Total borrowings |
0.000 |
491.904 |
2768.000 |
|
Debt/Equity ratio |
0.000 |
0.075 |
0.405 |
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 |
16089.028 |
16981.590 |
17176.200 |
|
|
|
5.548 |
1.146 |
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 |
16089.028 |
16981.590 |
17176.200 |
|
Profit |
745.204 |
2020.450 |
1605.300 |
|
|
4.63% |
11.90% |
9.35% |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Commercial paper |
NA |
491.904 |
|
|
|
|
|
Total |
NA |
491.904 |
CORPORATE INFORMATION
[AS ON 31.03.2017]
Subject is
a public company domiciled in India. Its shares are listed on two stock
exchanges in India. The registered office of the company is located at Ujala
House, Ramkrishnan Mandir Road, Kondivita, Andheri (East), Mumbai.
The
Consolidated Financials statement comprise the financial statements of Jyothy
Laboratories Limited ‘the Company) and its subsidiaries hereinafter referred to as ‘the Group’. The Group
is principally engaged in manufacturing and marketing of fabric care,
dishwashing, personal care, household insecticides products and also provides
laundry and dry cleaning services.
These
Financial statements were authorised for issue in accordance with a resolution
passed by the Board of Directors on May 18, 2017.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G77699205 |
100156776 |
HDFC BANK LIMITED |
03/02/2018 |
- |
- |
2000000000.0 |
HDFC Bank House, Senapati Bapat Marg,Lower Parel (West)MumbaiMH400013IN |
|
2 |
A39319082 |
80045769 |
Standard Chartered Bank |
28/10/1999 |
15/05/2008 |
- |
100000000.0 |
19, Rajaji SalaiChennaiTN600001IN |
|
3 |
Y10423828 |
90300901 |
DEUTSCHE BANK |
29/09/1999 |
- |
- |
60000000.0 |
BROOK HOUSE 9 SHAKEAPEARE SARANICALCUTTAWB700071IN |
|
4 |
Y10469086 |
90341328 |
SYNDICATE BANK |
31/03/1995 |
- |
- |
21115000.0 |
ROYAPETTAH BRANCH ROYAPETTAHMADRASTN600014IN |
|
5 |
Y10466555 |
90338797 |
SYNDICATE BANK |
03/01/1994 |
- |
- |
608300.0 |
ROYAPETTAH BRANCH HOYAPETTAHMADRASHTN600014IN |
|
6 |
Y10466483 |
90338725 |
SYNDICATE BANK |
27/02/1993 |
- |
- |
3500000.0 |
ROYEPATTAH BRANCH ROYAPETTAHMADRASHTN600014IN |
|
7 |
Y10466237 |
90338479 |
SYNDICATE BANK |
07/07/1990 |
- |
- |
878000.0 |
ROYAPETTAH BRANCHMADRASHTN600014IN |
|
8 |
Y10466132 |
90338374 |
THE VGSYA BANK LIMITED |
12/09/1989 |
- |
- |
530700.0 |
SORTE MAMBALAM BANK T.NAGARMADRASHTN600017IN |
|
9 |
Y10466078 |
90338320 |
SYNDICATE BANK |
13/03/1989 |
- |
- |
370000.0 |
ROYAPATTAHMADRASHTN600014IN |
|
10 |
Y10465614 |
90337856 |
SYNDICATE BANK |
23/03/1984 |
- |
- |
2500000.0 |
ROYAPETTAHMADRASHTN600014IN |
CONTINGENT
LIABILITIES:
(INR In Million)
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
|
i) Tax matters |
|
|
|
Disputed
sales tax demands – matters under appeal |
NA |
255.415 |
|
Disputed
excise duty and service tax demand - matter under appeal |
NA |
478.279 |
|
Disputed
income tax demand - matter under appeal |
NA |
317.293 |
|
ii)
Other
statutory dues |
NA |
-- |
|
iii)
Amount
outstanding in respect of corporate guarantees |
NA |
569.627 |
|
iv)
Claims
against the company not acknowledged as debts |
NA |
22.667 |
|
|
|
|
FIXED ASSETS
- Freehold Land
- Leasehold Land
- Building
- Plant and Machinery
- Dies and Moulds
- Furniture and Fixture
- Office Equipment
- Vehicle
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 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
NO |
|
--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.