MIRA
INFORM REPORT
|
Report Date : |
14.01.2012 |
IDENTIFICATION DETAILS
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Name : |
RADO INDUSTRIES LIMITED |
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Registered
Office : |
204, Golf Link, New Delhi-110003 |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
21.06.1993 |
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Com. Reg. No.: |
55-054133 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.746 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1993PLC054133 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Textile Fabrics, Plasticizer and Pre Leather Cloth
etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 160000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track records.
Profitability of the company appears to be low. However, trade relations are reported
as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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
|
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 |
LOCATIONS
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Registered Office : |
204, Golf Link, New Delhi-110003, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory / Godown : |
Plot No-132, Sector-25,
Faridabad-121004, Haryana, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Padam Chand Gupta |
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Designation : |
Director |
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Address : |
House No.280, Sector-14, Faridabad-121007, Haryana, India |
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Date of Birth/Age : |
08.07.1946 |
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Date of Appointment : |
21.06.1993 |
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DIN No.: |
00512914 |
Other Directorship:
|
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 |
|
1 |
U34300HR1991PTC031504 |
RADO
SEATS PRIVATE LIMITED |
Director |
09-12-91 |
09-12-91 |
Active |
NO |
|
2 |
U74899DL1993PLC054133 |
RADO
INDUSTRIES LIMITED |
Director |
21-06-93 |
21-06-93 |
Active |
NO |
|
3 |
U39112DL1999PLC098150 |
HEALCARE
DEVICES LIMITED |
Director |
01-02-99 |
01-02-99 |
Active |
NO |
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4 |
U45201HR1999PTC034224 |
KOTWALIA
BUILDERS PRIVATE LIMITED |
Director |
28-04-99 |
28-04-99 |
Active |
NO |
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5 |
U74899DL2000PLC104670 |
RADO
REXINE CO. LIMITED |
Director |
24-03-00 |
24-03-00 |
Active |
NO |
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6 |
U74899DL2000PLC104700 |
RADO
INFOSYSTEMS LIMITED |
Director |
24-03-00 |
24-03-00 |
Active |
NO |
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7 |
L17115HR1992PLC032114 |
HARYANA
TEXPRINTS OVERSEAS LIMITED |
Director |
21-01-05 |
21-01-05 |
Active |
NO |
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Name : |
Mr. Kailash Gupta |
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Designation : |
Director |
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Address : |
House No.280, Sector-14, Faridabad-121007, Haryana, India |
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Date of Birth/Age : |
15.09.1968 |
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Date of Appointment : |
21.06.1993 |
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DIN No.: |
00512937 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U34300HR1991PTC031504 |
RADO
SEATS PRIVATE LIMITED |
Director |
09-12-91 |
09-12-91 |
- |
Active |
NO |
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2 |
U74899DL1993PLC054133 |
RADO
INDUSTRIES LIMITED |
Director |
21-06-93 |
21-06-93 |
- |
Active |
NO |
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3 |
U39112DL1999PLC098150 |
HEALCARE
DEVICES LIMITED |
Director |
01-02-99 |
01-02-99 |
- |
Active |
NO |
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4 |
U01122HR1999PTC034296 |
BACHLASH
BIOTECH PRIVATE LIMITED |
Director |
23-07-99 |
23-07-99 |
- |
Active |
NO |
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5 |
U74899DL2000PLC104700 |
RADO
INFOSYSTEMS LIMITED |
Director |
24-03-00 |
24-03-00 |
- |
Active |
NO |
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6 |
U01122DL1999PTC098188 |
KAROLIA
AGRO PRIVATE LIMITED |
Director |
01-08-07 |
01-08-07 |
- |
Active |
NO |
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7 |
U65993DL2004PTC129377 |
GURPRASHAD
HOLDINGS PRIVATE LIMITED |
Director |
28-09-07 |
28-09-07 |
09-02-08 |
Active |
NO |
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8 |
U72200DL1999PTC101059 |
THIND
INFOTECH PRIVATE LIMITED |
Director |
28-09-07 |
28-09-07 |
12-11-08 |
Active |
NO |
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Name : |
Mr. Radhey Shyam Gupta |
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Designation : |
Director |
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Address : |
High School Road, VPO Kotkasim, District Alwar-301702, Rajasthan,
India |
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Date of Birth/Age : |
01.07.1972 |
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Date of Appointment : |
21.06.1993 |
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DIN No.: |
00523851 |
Other Directorship:
|
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 |
|
1 |
U74899DL1993PLC054133 |
RADO
INDUSTRIES LIMITED |
Director |
21-06-93 |
21-06-93 |
Active |
NO |
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2 |
U01122DL1999PTC098188 |
KAROLIA
AGRO PRIVATE LIMITED |
Director |
02-02-99 |
02-02-99 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
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Padam Chand Gupta |
82900 |
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Kailash Gupta |
153000 |
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Radhey Shyam Gupta |
35600 |
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Sunita Gupta |
27000 |
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Raj Dulari Gupta |
22900 |
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Dhuni Lal Data |
13000 |
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Anita Gupta |
101500 |
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Asha Gupta |
97200 |
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Rukmani Gupta |
45000 |
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Viav Kumar |
25000 |
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Kotwalia Builders Private Limited, India |
50000 |
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R L Periwal (HUF) |
10000 |
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Rado Infosystems Limited, India |
180100 |
AS ON 30.09.2011
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Equity Shares
Break Up |
Percentage |
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Bodies corporate |
21.41 |
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Directors or relatives of Directors |
77.66 |
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Other top fifty shareholders |
0.93 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Textile Fabrics, Plasticizer and Pre Leather Cloth
etc. |
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Products : |
Vinyl Coated Fabric |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
Bank of India, Akash theater, Mohan Road,
Ballabgarh, Faridabad-121004, Haryana, India
·
ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Apt Associates Chartered Accountant |
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Address : |
B-36, Sagar Apartments, 6, Tilak Marg, New Delhi-110001, India |
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Pan No.: |
AGTPP2338M |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1074600 |
Equity Shares |
Rs.10/- each |
Rs. 10.746
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 |
10.746 |
10.296 |
9.996 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
30.064 |
21.066 |
15.222 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
40.810 |
31.362 |
25.218 |
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LOAN FUNDS |
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1] Secured Loans |
2.874 |
4.455 |
4.157 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
2.874 |
4.455 |
4.157 |
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DEFERRED TAX LIABILITIES |
0.908 |
0.849 |
0.799 |
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TOTAL |
44.592 |
36.666 |
30.174 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
13.084 |
13.570 |
12.208 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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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 |
19.985
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13.479 |
7.370 |
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Sundry Debtors |
29.882
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28.946 |
24.165 |
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Cash & Bank Balances |
2.324
|
1.876 |
0.813 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
1.079
|
1.180 |
1.538 |
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Total
Current Assets |
53.270
|
45.481 |
33.886 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
21.628
|
22.370 |
15.920 |
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Provisions |
0.154
|
0.041 |
0.000 |
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Total
Current Liabilities |
21.782
|
22.411 |
15.920 |
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Net Current Assets |
31.488
|
23.070 |
17.966 |
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MISCELLANEOUS EXPENSES |
0.020 |
0.026 |
0.000 |
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TOTAL |
44.592 |
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