MIRA
INFORM REPORT
|
Report Date : |
22.05.2007 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Maximum Credit Limit : |
-- |
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|
Status : |
Defunct Since 2004 |
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Payment Behaviour : |
-- |
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Litigation : |
Unknown |
GENERAL OBSERVATIONS
Mr. Kumar V. Raval, Director of the company confirmed that he has discontinued
subject name sine 2004. Hence the database report which is enclosed herewith is
the last one for the company.
At the same address, Ace Motors are in operation which has recently launched
rechargeable battery operated electric bikes that promise to run between 60-70
km for just Rs. 4.50/-. These are sold under brand ‘e-sportz’ and ‘e-trendy’
are manufactured in technical assistant with Changtong E Bike Company,
The concern has invested about Rs. 60.000 Millions in the project. It
can manufacture 2000 bikes per month.
DATA – BASE REPORT on SHAKUN PRECISION
ENGINEERING COMPANY PRIVATE LIMITED is as under :
IDENTIFICATION DETAILS
|
Name : |
SHAKUN PRECISION ENGINEERING COMPANY PRIVATE LIMITED |
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Registered Office : |
F II 13, MIDC, Pimpri Industrial Area, Pimpri,
Pune-411018, |
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Country : |
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Financials (as on) : |
31.03.2003 |
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Date of Incorporation : |
15.04.1987 |
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Com. Reg. No.: |
43171 |
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CIN No.: [Company
Identification No.] |
U33125MH1987PTC043171 |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturer, Trader, Dealer, Exporter and Importer of PU Foam,
Seats and Kits. |
LOCATIONS
|
Registered Office / Factory : |
F II 13, MIDC, Pimpri Industrial Area, Pimpri,
Pune-411018, |
|
Tel. No.: |
91-20-27440813 / 27484886 / 25886992 / 9520-2772506 |
|
Fax No.: |
91-9520-772506 |
|
Area : |
Owned |
DIRECTORS
|
Name : |
Mr. Mohit Vinod Raval |
|
Designation : |
Managing Director |
|
Address : |
17, Bhosale Nagar, Vrindavan,
Pune-411007, |
|
Date of Birth/Age : |
3rd August, 1962 |
|
Date of Appointment : |
15th April, 1987 |
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|
Name : |
Mr. Kumar Vinod Raval |
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Designation : |
Director |
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Address : |
F-4, |
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Date of Birth/Age : |
19th April, 1961 |
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Date of Appointment : |
15th April, 1987 |
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|
Name : |
Mrs. Shakuntala Vinod Raval |
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Designation : |
Director |
|
Address : |
17, Bhosale Nagar, Vrindavan,
Pune-411007, |
|
Date of Birth/Age : |
1st August, 1937 |
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Date of Appointment : |
15th April, 1987 |
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Name : |
Mrs. Minoo Pestonji Davierwala |
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Designation : |
Director |
|
Address : |
Sind Hindu Housing Society,
Lullanagar, Pune-411040, |
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Date of Birth/Age : |
11th February, 1933 |
|
Date of Appointment : |
30th September,
1989 |
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Name : |
Mrs. Daksha Kumar Raval |
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Designation : |
Director |
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Address : |
F-4, |
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Date of Birth/Age : |
20th June, 1964 |
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Date of Appointment : |
8th April, 1997 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Kumar Vinod Raval |
|
2200 |
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Mrs. Shakuntala Vinod Raval |
|
401 |
|
Total
|
|
2601 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Dealer, Exporter and Importer of PU
Foam, Seats and Kits. |
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|
Products : |
·
PU Foam
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Imports : |
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|
Products : |
Automobile Electrical Items And Toys |
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Countries : |
|
PRODUCTION STATUS
Its production status as on 31.03.2003 was as under :-
|
Particulars |
Unit |
|
|
Installed
Capacity |
|
Automobile Seats |
NOS |
|
|
180000 |
GENERAL INFORMATION
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No. of Employees : |
40 |
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|
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Bankers : |
Ř
The Cosmos Co-Operative Bank Limited,
244, Ř
Bank of |
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Facilities : |
Subject do not enjoy any facility from its bankers |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Jakatdar
and Shah Chartered Accountant |
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Address : |
27, Patil Arcade, 19 Erandwane, Off |
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Tel. No.: |
91-20-25430731/25430737 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.
100/- each |
Rs.1.000
million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000 |
Equity Shares |
Rs.
100/- each |
Rs.
0.500 million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2601 |
Equity Shares |
Rs.
100/- each |
Rs.
0.260 million |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2003 |
31.03.2002 |
31.03.2001 |
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
0.260 |
0.260 |
0.260 |
|
2] Reserves & Surplus |
40.811 |
41.382 |
42.535 |
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Total |
41.071 |
41.642 |
42.795 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.035 |
0.035 |
0.035 |
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TOTAL BORROWING |
0.035 |
0.035 |
0.035 |
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GRAND TOTAL
|
41.106 |
41.677 |
42.830 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
9.734 |
10.738 |
11.429 |
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Capital work-in-progress |
0.501 |
0.501 |
0.000 |
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INVESTMENTS |
0.552 |
0.552 |
0.552 |
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CURRENT ASSETS, LOANS &
ADVANCES |
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|
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Sundry Debtors |
0.841 |
1.523 |
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Cash & Bank Balances |
2.282 |
0.500 |
51.331 |
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Other Current Assets |
23.804 |
24.781 |
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|
Loans & Advances |
12.961 |
12.467 |
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Total Current Assets |
39.888 |
39.271 |
51.331 |
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Less : |
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Current Liabilities |
3.224 |
3.885 |
20.482 |
Provisions
|
6.345 |
5.500 |
0.000 |
|
Total
Current Liabilities |
9.569 |
9.385 |
20.482 |
|
Net Current Assets |
30.319 |
29.886 |
30.849 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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GRAND TOTAL
|
41.106 |
41.677 |
42.830 |
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2003 |
31.03.2002 |
|
|
Total Income |
|
3.576 |
5.029 |
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Profit/(Loss) Before Tax |
|
0.274 |
(1.051) |
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Provision for Taxation |
|
0.143 |
(0.102) |
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Profit/(Loss) After Tax |
|
0.131 |
(1.153) |
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Imports : |
|
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Total Imports |
|
0.149 |
0.240 |
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Expenditures : |
|
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Cost of Goods |
|
0.090 |
0.000 |
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Depreciation |
|
0.353 |
0.154 |
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Total Expenditure |
|
0.443 |
0.154 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2003 |
31.03.2002 |
31.03.2001 |
|
PAT / Total Income |
(%) |
3.66
|
22.93 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
7.66
|
20.90 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.55
|
2.10 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.03 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.23
|
0.23 |
0.48 |
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Current Ratio (Current Asset/Current Liability) |
|
4.17
|
4.18 |
2.51 |
LOCAL AGENCY FURTHER INFORMATION
BUSINESS
Subject is engaged in business as Manufacturer, Trader,
Dealer, Fabricator, Converter, Improving, Reconditioned, Processor, Buyer, Seller,
Reseller, Exchanger, Altering, Importer, Exporter, exhibitor, Hiring, Working,
Using and Distributor or retailer in Components, Gears, Accessories, Spares to
all type of Machinery, Automobile, Omnibus, Motor Cars Two and Three Wheelers
and Tractors whether move by mechanical power or not and Automotive
Agricultural Implements, Moulded or Forged Parts Jigs and Fixtures, Tools and
Gauges, Tool Room Equipments, Steel Scale Surface Plates, Angle Plates Straight
Edges Survel Base, Special Reamers, Cutters, Ground Taps and Dies, Gier Holes,
Drill Bits, Boring Bits and Different types of Accessories.