MIRA
INFORM REPORT
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Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
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Name : |
OPTICS AND ALLIED ENGINEERING PRIVATE LIMITED |
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Registered
Office : |
C-86, ITI Industrial Estate, Whitefield Road, Mahadevapura, Bangalore
– 560048, Karnataka |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
26.09.1997 |
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Com. Reg. No.: |
08-22830 |
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Capital
Investment / Paid-up Capital : |
Rs.3.710 Millions |
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CIN No.: [Company Identification
No.] |
U33203KA1997PTC022830 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRO00349G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Precision Plastic Moulds and
Moulded Components etc. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 140000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Ms. Swarna |
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Designation : |
Admin. Department |
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Contact No.: |
91-9886711327 |
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Date : |
29.12.2011 |
LOCATIONS
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Registered Office/ Factory : |
C-86, ITI Industrial Estate, Whitefield Road, Mahadevapura, Bangalore
– 560048, Karnataka, India |
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Tel. No.: |
91-80-41163153/ 32911329/ 41158920/ 28511329/ 28516966 |
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Mobile No.: |
91-9886711327 (Ms. Swarna) |
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Fax No.: |
91-80-28516966 |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
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Name : |
Mr. Ranjana Kotaria |
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Designation : |
Director |
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Address : |
# 49-50, 10th Cross, Pai Layout, Old Madras Road, Bangalore
– 560016, Karnataka, India |
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Date of Birth/Age : |
14.02.1963 |
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Date of Appointment : |
27.09.1997 |
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DIN No.: |
00409817 |
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Name : |
Mr. Dalichand Rajendra Kotaria |
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Designation : |
Director |
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Address : |
# 49-50, 10th Cross, Pai Layout, Old Madras Road, Bangalore
– 560016, Karnataka, India |
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Date of Birth/Age : |
20.03.1965 |
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Date of Appointment : |
27.09.1997 |
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DIN No.: |
00648937 |
Other Directorship:
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S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
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1 |
U33203KA1997PTC022830 |
OPTICS
AND ALLIED ENGINEERING PRIVATE LIMITED |
Whole-time
director |
27/09/1997 |
27/09/1997 |
Active |
NO |
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2 |
U33100KA1997PTC022911 |
OPTO
ELITE PRIVATE LIMITED |
Whole-time
director |
20/10/1997 |
20/10/1997 |
Active |
NO |
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Name : |
Mr. Kishore Rajendra Kotaria |
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Designation : |
Director |
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Address : |
# 48, 2nd Main, Udaynagar, doorvani Nagar Post, Bangalore –
560016, Karnataka, India |
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Date of Birth/Age : |
26.10.1983 |
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Date of Appointment : |
16.05.2011 |
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DIN No.: |
01716878 |
Other Directorship:
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S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
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1 |
U33100KA1997PTC022911 |
OPTO
ELITE PRIVATE LIMITED |
Whole-time
director |
30/03/2009 |
31/03/2007 |
Active |
NO |
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2 |
U33203KA1997PTC022830 |
OPTICS
AND ALLIED ENGINEERING PRIVATE LIMITED |
Whole-time
director |
16/05/2011 |
16/05/2011 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Swarna |
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Designation : |
Admin. Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Dalichand Rajendra Kotaria |
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217191 |
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Ranjana Kotaria |
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82100 |
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Dimple Kotaria |
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13500 |
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Kishore Rajendra Kotaria |
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20000 |
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Chandra Devi |
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1 |
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Vilas R. Munoth |
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22200 |
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Sanjay Kotaria |
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1 |
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Jithendra Kotaria |
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1 |
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Babulal Jain |
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1 |
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Naveen Kotaria |
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1 |
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Rajula Babulal Kotaria |
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1 |
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Thirupathi |
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1 |
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Mansukh |
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1 |
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Saroja Kumari |
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1 |
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Opto – Elite Private Limited, India |
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16000 |
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Total |
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371000 |
AS ON 30.09.2011
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Equity Shares
Break Up Category |
Percentage |
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Bodies corporate |
4.31 |
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Others |
95.69 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Precision Plastic Moulds and
Moulded Components etc. |
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Products : |
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Exports : |
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Products : |
Finished Good |
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Countries : |
· Germany France |
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Imports : |
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Products : |
Raw Materials Machinery |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
· State Bank of India ITI Ancillary Industrial Estate Branch, Whitefield Road, Mahadevapura,
Bangalore – 560048, Karnataka, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
K G Acharya and Company Chartered Accountant |
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Address : |
No.14, Girle School Street, Kumara Park West, Seshadripuram, Bangalore
– 560020, Karnataka, India |
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Tel No.: |
91-80-23461600 (4 Lines) |
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PAN No.: |
AAHFK8720C |
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Email : |
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Website : |
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Memberships : |
UL Approved for Plastic Injection Moulding Process. |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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371000 |
Equity Shares |
Rs.10/- each |
Rs.3.710
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
3.710 |
3.710 |
3.670 |
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2] Share Application Money |
1.000 |
1.000 |
3.000 |
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3] Reserves & Surplus |
29.815 |
27.904 |
21.705 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
34.525 |
32.614 |
28.375 |
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LOAN FUNDS |
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1] Secured Loans |
48.960 |
33.721 |
30.634 |
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2] Unsecured Loans |
6.969 |
4.037 |
5.862 |
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TOTAL BORROWING |
55.929 |
37.758 |
36.496 |
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DEFERRED TAX LIABILITIES |
4.496 |
4.335 |
4.139 |
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TOTAL |
94.950 |
74.707 |
69.010 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
45.326 |
42.708 |
43.558 |
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Capital work-in-progress |
15.952 |
4.324 |
1.537 |
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INVESTMENT |
0.000 |
0.004 |
0.004 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
17.587
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21.361 |
19.429 |
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Sundry Debtors |
21.687
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13.223 |
8.360 |
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Cash & Bank Balances |
2.652
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1.908 |
1.716 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
3.820
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2.402 |
2.529 |
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Total
Current Assets |
45.746
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38.894 |
32.034 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
9.703
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9.226 |
6.309 |
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Other Current Liabilities |
2.343
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1.786 |
1.439 |
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Provisions |
0.028
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0.211 |
0.375 |
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Total
Current Liabilities |
12.074
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11.223 |
8.123 |
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Net Current Assets |
33.672
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27.671 |
23.911 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
94.950 |
74.707 |
69.010 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Gross Turnover |
84.646 |
56.109 |
38.147 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.901 |
5.311 |
6.629 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
2.158 |
2.048 |
1.883 |
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PROFIT BEFORE
TAX |
2.742 |
3.262 |
4.746 |
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Less |
TAX |
0.823 |
1.023 |
1.571 |
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PROFIT AFTER TAX
|
1.919 |
2.239 |
3.175 |
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EARNINGS IN
FOREIGN CURRENCY |
1.009 |
0.420 |
0.942 |
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IMPORTS |
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Raw Materials |
1.711 |
2.082 |
1.498 |
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Capital Goods |
3.355 |
0.259 |
0.000 |
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TOTAL IMPORTS |
5.066 |
2.341 |
1.498 |
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Earnings Per Share
(Rs.) |
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