MIRA
INFORM REPORT
|
Report Date : |
14.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
PATEL ALLOY STEEL PRIVATE LIMITED (w.e.f.
18.07.2003) |
|
|
|
|
Formerly Known
As : |
PATEL ALLOY STEEL LIMITED |
|
|
|
|
Registered
Office : |
297-300, Phase II, GIDC, Vatva, Ahmedabad - 382445, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.01.1979 |
|
|
|
|
Com. Reg. No.: |
04-003273 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.79.998 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27320GJ1979PTC003273 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMP00896A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP2984J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Iron Casting and Windmill Parts. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 8600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Financial
position of the company appears to be sound. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Naresh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-679-40264646 |
|
Date : |
13.08.2012 |
LOCATIONS
|
Registered Office : |
297-300, Phase II, GIDC, Vatva, Ahmedabad - 382445, Gujarat, India |
|
Tel. No.: |
91-79-25898221/ 2/ 3/ 4 |
|
Fax No.: |
91-79-25898226/ 7 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Kamalnayan Hasmukhlal
Javeri |
|
Designation : |
Chairman and Managing Director |
|
Address : |
7, Lallubhai Park Beside St. Xaviers College Opposite Som Lalit College Navrangpura Ahmedabad- 380009, Gujarat, India |
|
Date of Birth/Age : |
23.11.1954 |
|
Qualification : |
B.E. (Elec.) |
|
Date of Appointment : |
12.10.1988 |
|
DIN No.: |
00118050 |
|
|
|
|
Name : |
Mrs. Anjana Kamalnayan
Javeri |
|
Designation : |
Whole Time Director |
|
Address : |
7, Lallubhai Park Beside St. Xaviers College Opposite Som Lalit College Navrangpura Ahmedabad- 380009, Gujarat, India |
|
Date of Birth/Age : |
16.09.1956 |
|
Date of Appointment : |
12.12.1996 |
|
DIN No.: |
00118096 |
|
|
|
|
Name : |
Mr. Abhishek Kamalnayan Javeri |
|
Designation : |
Whole Time Director |
|
Address : |
7, Lallubhai Park Beside St. Xaviers College Opposite Som Lalit College Navrangpura Ahmedabad- 380009, Gujarat, India |
|
Date of Birth/Age : |
26.06.1983 |
|
Qualification : |
B.E. (Mech.) |
|
Date of Appointment : |
28.06.2001 |
|
DIN No.: |
00118117 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Haribhai Jashibhai Patel |
15000 |
|
Sikander Umerbhai |
2000 |
|
Mariamben Rasul Savdi |
2000 |
|
Jainaben Mohmed Kasam |
2000 |
|
|
2000 |
|
Kaliben Mohmed |
2000 |
|
Sakiben Gani Mithapirji |
2000 |
|
Hafiiji Suleman Vali |
10000 |
|
Hafiji Zelekhan Iqbal |
4000 |
|
Hafiji Iqbal Vali |
6000 |
|
Hafiji Abdul Vali |
6000 |
|
Hafiji Yusuf Rasul |
10000 |
|
Hafiji Vali Rasul |
8000 |
|
Hafiji Siddique Mohmed |
6000 |
|
Bikkis Asaraf |
10000 |
|
Kamalnayan H. Javeri |
5127580 |
|
PASL Windtech
Private Limited, India |
1775000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
22.19 |
|
Directors or relatives of directors |
|
76.84 |
|
Other top fifty shareholders |
|
0.97 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Iron Casting and Windmill Parts. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Ductile Iron Castings |
MT |
NA |
20000 |
9899 |
|
Alloy Steel/Copper Castings |
MT |
NA |
800 |
- |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dinesh R. Shah and Company Chartered Accountant |
|
Address : |
51, Madhuban, Near |
|
PAN No.: |
AAFFD0959G |
|
|
|
|
Associates : |
·
PASL Windtech Private
Limited CIN
No.: U65910GJ1997PTC031672 |
|
|
|
|
Subsidiaries : |
·
PWS Towers Private Limited CIN
No.: U28110GJ2008PTC055185 ·
PASL Wind Solutions Private Limited CIN No.: U31100GJ2008PTC055104 |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7999840 |
Equity Shares |
Rs.10/- each |
Rs.79.998
Millions |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
79.998 |
79.998 |
79.998 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2089.954 |
1878.804 |
1628.633 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2169.952 |
1958.802 |
1708.631 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
130.047 |
157.419 |
234.412 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.089 |
|
|
TOTAL BORROWING |
130.047 |
157.419 |
234.501 |
|
|
DEFERRED TAX LIABILITIES |
170.804 |
159.818 |
130.725 |
|
|
|
|
|
|
|
|
TOTAL |
2470.803 |
2276.039 |
2073.857 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1175.928 |
1162.925 |
1132.918 |
|
|
Capital work-in-progress |
16.180 |
9.926 |
14.453 |
|
|
|
|
|
|
|
|
INVESTMENT |
108.385 |
114.009 |
167.936 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
159.400
|
183.967
|
132.380
|
|
|
Sundry Debtors |
251.977
|
214.750
|
237.029
|
|
|
Cash & Bank Balances |
724.021
|
572.487
|
415.481
|
|
|
Other Current Assets |
38.576
|
0.000
|
0.000
|
|
|
Loans & Advances |
201.765
|
329.562
|
231.001
|
|
Total
Current Assets |
1375.739
|
1300.766 |
1015.891 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
59.413
|
73.603 |
77.139 |
|
|
Other Current Liabilities |
64.966
|
147.884 |
179.382
|
|
|
Provisions |
81.050
|
90.100 |
0.820
|
|
Total
Current Liabilities |
205.429
|
311.587 |
257.341 |
|
|
Net Current Assets |
1170.310
|
989.179 |
758.550 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2470.803 |
2276.039 |
2073.857 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
986.771 |
901.110 |
1343.374 |
|
|
|
Other Income |
92.941 |
148.757 |
14.820 |
|
|
|
TOTAL (A) |
1079.712 |
1049.867 |
1358.194 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
712.139 |
599.296 |
842.755 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
367.573 |
450.571 |
515.439 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
17.092 |
16.749 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
367.573 |
433.479 |
498.690 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
67.439 |
64.116 |
50.896 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
300.134 |
369.363 |
447.794 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
88.985 |
119.192 |
167.836 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
211.149 |
250.171 |
279.958 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1878.468 |
1628.297 |
1348.339 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2089.617 |
1878.468 |
1628.297 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
150.044 |
317.613 |
577.082 |
|
|
TOTAL EARNINGS |
150.044 |
317.613 |
577.082 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
57.165 |
NA |
169.542 |
|
|
TOTAL IMPORTS |
57.165 |
NA |
169.542 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.39 |
31.27 |
35.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
19.56
|
23.83
|
20.61
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
30.42
|
40.99
|
33.33
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.76
|
14.99
|
20.83
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.19
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.15
|
0.24
|
0.29
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.70
|
4.17
|
3.95
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |