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Report Date : |
17.01.2013 |
IDENTIFICATION DETAILS
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Name : |
SUNTOUCH LAMINATE PRIVATE LIMITED |
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Registered
Office : |
S. No. 24p1, Lilapar Road, Taluka Morbi, Lakhdhirnagar- 363641, Gujarat |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
22.12.2009 |
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Com. Reg. No.: |
04-058969 |
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Capital Investment
/ Paid-up Capital : |
Rs. 25.000 millions |
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CIN No.: [Company Identification
No.] |
U20299GJ2009PTC058969 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RKTS06636A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Trading of Decorative Laminate Sheets. |
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No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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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 73000 |
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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 a moderate track record.
There appears some accumulated losses recorded by the company. However, trade relations are reported to be 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting for
more than half of India's output, with only one-third of its labor force. India
has capitalized on its large educated English-speaking population to become a
major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
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Source
: CIA |
EXTERNAL AGENCY RATING
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Rating Agency Name |
ICRA |
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Rating |
BB- (Long term fund based) |
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Rating Explanation |
Having moderate risk of default regarding timely
servicing of financial obligations. |
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Date |
March, 2012 |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Sureshbhai |
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Designation : |
Account Department |
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Contact No.: |
91-9925024590 |
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Date : |
16.01.2013 |
LOCATIONS
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Registered Office / Factory : |
S. No. 24p1, Lilapar Road, Taluka Morbi, Lakhdhirnagar- 363641, Gujarat,
India |
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Tel. No.: |
91-2822-294542 |
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Mobile No.: |
91-9925024590 (Mr. Sureshbhai) 91-9825828742 (Mr. Kamleshbhi N. Chikliya) |
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Fax No.: |
Not Divulged |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 29.09.2012
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Name : |
Mr. Raviraj Rameshbhai Nesadiya |
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Designation : |
Director |
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Address : |
Umiya Krupa, Gautam Society,Natraj Pan
Street, Ravapar Road, Morbi-363641,
Gujarat, India |
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Date of Birth/Age : |
02.05.1988 |
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Date of Appointment : |
22.12.2009 |
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DIN No.: |
02871892 |
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Name : |
Mr. Milanbhai Pravinbhai Adroja |
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Designation : |
Director |
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Address : |
"Kuber Nivas" Milan Park
Society, Block No.2, Sama Kanthe, Morbi-363641. Gujarat, India |
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Date of Birth/Age : |
05.07.1988 |
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Date of Appointment : |
22.12.2009 |
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DIN No.: |
02871893 |
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Name : |
Mr. Kamleshbhai Nagjibhai Chikhliya |
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Designation : |
Director |
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Address : |
Gautam Society,
"Umiya Krupa", Natraj Pan
Street, Ravapar Road, Morbi-363641, Gujarat, India |
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Date of Birth/Age : |
15.08.1978 |
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Date of Appointment : |
22.12.2009 |
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DIN No.: |
02889443 |
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Name : |
Mr. Pravinbhai Mavjibhai Adroja |
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Designation : |
Director |
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Address : |
Milan Park, Block No. 2, Kuber Nivas, Morbi-363641, Gujarat, India |
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Date of Birth/Age : |
05.10.1963 |
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Date of Appointment : |
22.07.2010 |
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DIN No.: |
03059578 |
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Name : |
Mr. Rameshbhai Bhurabhai Neshadiya |
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Designation : |
Director |
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Address : |
Anupam
Society,12, Umiya Krupa, Ravapar Road, Morbi-363641, Gujarat, India |
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Date of Birth/Age : |
15.01.1966 |
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Date of Appointment : |
22.07.2010 |
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DIN No.: |
03059589 |
KEY EXECUTIVES
|
Name : |
Mr. Sureshbhai |
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Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
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Names of Shareholders |
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No. of Shares |
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Rameshbhai
Bhurabhai Nesadiya |
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125000 |
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Pravinbhai
mavjibhai Adroja |
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75000 |
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Raviraj
Rameshbhai Nesadiya |
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212500 |
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Milan
Pravinbhai Adroja |
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75000 |
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Kamlesh Chikhaliya
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75000 |
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Suresh
Nagjibhai Chikhaliya |
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75000 |
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Alpaben
Kamleshbhai Chikhaliya |
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50000 |
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Bhavanaben
Sureshbhai Chikhaliya |
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50000 |
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Pushpaben
Nagjibhai Chikhaliya |
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37500 |
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Narshibhai
Bhagvanjibhai Marvaniya |
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37500 |
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Dineshbhai
Narshibhai Marvaniya |
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12500 |
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Vijyaben
Rameshbhai Nesadiya |
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150000 |
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Dhanjibhai
Rughnathbhai Patel |
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25000 |
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Bhagirath
Pravinbhai Adroja |
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75000 |
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Dipakbhai
Nathabhai Detroja |
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112500 |
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Nathabhai Raghavjibhai
Detroja |
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137500 |
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Shaileshbhai
Maganbhai Dhanasana |
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25000 |
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Dayaben
Pravinbhai Adroja |
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75000 |
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Bharatbhai
Arjanbhai Patel |
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312500 |
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Varshben
Dilipbhai Patel |
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118750 |
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Dilipbhai
Maganbhai Patel |
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181250 |
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Rajeshbhai
Maganbhai Patel |
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75000 |
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Rajnikant
Maganbhai Patel |
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12500 |
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Madhuben
Rajnikantbhai Patel |
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12500 |
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Dharrnendra
Arjanbhai Patel |
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62500 |
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Jitendra
Amrutlal Adroja |
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125000 |
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Gopalbhai
Premjibhai Kachrola |
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25000 |
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Mavjibhat
Premjibhai Kachrola |
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25000 |
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Indrajit
Kanjibhai Gadhiya |
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25000 |
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Dhanjibhai
Becharbhai Shirvi |
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25000 |
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Ghanshyam
Prabhulal Bavarva |
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50000 |
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Rajeshbhai
Maganbhai Dhamasana |
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25000 |
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Total |
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2500000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Trading of Decorative Laminate Sheets. |
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Products : |
·
Skin Laminates ·
Decorative Laminates ·
Door Skin Laminates ·
Creative Decorative
Laminates ·
Creative Designer
Laminates ·
Creative Laminates ·
Light Colour Plain Laminates ·
Plain Laminates ·
Door Wooden Laminates ·
Wooden Laminates ·
Door Metallic Laminates ·
Metallic Laminates |
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Exports : |
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Products : |
Finished Good |
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Countries : |
Africa |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Japan |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2012)
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Particulars |
Unit |
31.03.2012 |
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Installed Capacity |
Qty in Mts |
3600.000 |
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Actual Production |
Qty in Mts |
2407.621 |
GENERAL INFORMATION
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Suppliers : |
· All In One Technology, Morbi · Balaji Formalin Private Limited, Kalol · B.R.Formalin Private Limited, Ahmedabad · Fakirsons Papchem Private Limited, Ahmedabad · Infinity Vincom Private Limited, Mumbai · Innovative Creations, Mumbai · Jay Overseas Private Limited, Ahmedabad · Lamitech India, Mumbai · Naresh Chemicals, Gaziabad · Parekh Overseas, Mumbai · Prime Decor Laminate · Reckon Surface Decore, Gandhinagar · Simalin Chemical India Private Limited, Vadodara · Thansau Decors Private Limited, Mumbai · Vitrag Associates, Mumbai |
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Customers : |
Retailers and End Users ·
Akshal
Marketing, Mumbai ·
G P
Trading Company, Aurangabad ·
Gujarat Timber
Company, Raipur ·
Geeta Corporation,
Nashik ·
Jagdish
Sales, Nagpur ·
Laminate
Gallery, Hydrabad ·
Nishant
Corporation, Nasik ·
Om Sri
Laminates, Goa ·
Ply
House, Indore ·
Chheda Ply
and Veenear, Vapi ·
Ply
Lam Point, Rajkot ·
Parth
Ply Lam, Rajkot ·
Unique
Enterprise, Rajkot |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
· State Bank of India, SSI Branch, Sanala Road, Morbi - 363641, Gujarat, India · HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mukesh Dharade and Company Chartered Accountants |
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Address : |
306,Devraj Mall,India Colony, Thakkrnagar Road, Bapunagar,
Ahmedabad-382350, Gujarat, India |
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Tel. No.: |
91-79-22741139 |
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Mobile No.: |
91-9824563439 |
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PAN No.: |
AKTPD6074G |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
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During
the year, the company has not issued / bought back any shares.
The
holders of the equity shares are entitled to receive dividends as declared from
time to time, and are entitled to voting rights proportionate to their share
holding at the meetings of shareholders.
The
Company has onh one class of shares referred to as equity shares having a par
value of 10/-.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 (he shareholders in the
ensuing Annual General Meeting.
Following
Shareholders hold equity shares more than 5% of the total equity shares of the
Company and no other share holder of the Company holds more than 5 percent of
the equity shares.