IDENTIFICATION DETAILS
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Name : |
KSH INTERNATIONAL PRIVATE LIMITED (w.e.f.04.07.1996) |
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Formerly Known
As : |
BHANDARY METAL EXTRUSION PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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PAN No.: [Permanent Account No.] |
AAACB1897K |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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100 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Copper and Aluminium
Conductor. |
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Products/ Services : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Copper |
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Countries : |
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Middle East ·
Europe ·
Gulf Countries |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
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Customers : |
· ABB · Alstom · Bhel · Siemens · Areva · Suzlon · Voltamp · ZIR · Schneider Electric · Wind World · IMP Powers Limited ·
Aditya |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· State Bank of India, Industrial Finance Branch, 2nd Floor, Tara Chambers, Near Mariaai Policechowky, Old Pune Mumbai Road, Wakdewadi, Pune - 411003, Maharashtra, India Contact No.: 91-20-25812326 (Ringing) · Indian Bank, SV Road, Madhav Nagar; Andheri West, Mumbai - 400058, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
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Name : |
A S Alva and Company Chartered Accountants |
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Address : |
Flat 1-5, Himali Housing Society, Erandavane, Pune - 411004,
Maharashtra, India |
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Tel. No.: |
91-20-25434527/ 25440143/ 25434752 |
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Fax No.: |
91-20-25440143 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ABYPA9734A |
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Subsidiary Company : |
· KSH Distriparks Private Limited [U60210PN2006PTC132062] · KSH Infra Private Limited [U45200PN2011PTC140389] ·
KSH Logistics Private Limited
[U31101MH1995PTC088703] |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
· KSH Distriparks · Waterloo Motors · Kushal Motors and Electricals Private Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2013
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Names of Shareholders |
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No. of Shares |
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Kushal Subbayya Hegde |
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38795 |
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Pushpa Kushal Hegde |
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10099 |
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Shubhkamal Leasing and Investment Private Limited, |
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13496 |
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Rajesh Kushal Hegde |
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16630 |
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Rohit Kushal Hegde |
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16630 |
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Total |
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95650 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
9.565 |
9.565 |
9.565 |
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(b) Reserves & Surplus |
287.340 |
284.250 |
266.387 |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
296.905 |
293.815 |
275.952 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
59.906 |
100.994 |
142.854 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
59.906 |
100.994 |
142.854 |
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(4)
Current Liabilities |
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(a)
Short term borrowings |
390.794 |
178.341 |
186.471 |
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(b)
Trade payables |
73.069 |
44.600 |
100.386 |
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(c)
Other current liabilities |
50.605 |
49.354 |
89.380 |
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(d) Short-term
provisions |
84.631 |
115.138 |
50.742 |
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Total Current
Liabilities (4) |
599.099 |
387.433 |
426.979 |
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TOTAL |
955.910 |
782.242 |
845.785 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a)
Fixed Assets |
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(i)
Tangible assets |
203.494 |
243.246 |
253.750 |
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(ii)
Intangible Assets |
3.545 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.413 |
3.698 |
1.623 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
164.528 |
97.032 |
19.950 |
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(c) Deferred tax assets (net) |
8.836 |
4.994 |
3.940 |
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(d) Long-term Loan and Advances |
2.695 |
7.828 |
5.483 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
383.511 |
356.798 |
284.746 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
90.625 |
121.635 |
102.175 |
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(c)
Trade receivables |
389.438 |
171.110 |
298.418 |
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(d) Cash
and cash equivalents |
10.238 |
13.632 |
11.856 |
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(e)
Short-term loans and advances |
81.452 |
118.213 |
148.308 |
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(f)
Other current assets |
0.646 |
0.854 |
0.282 |
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Total
Current Assets |
572.399 |
425.444 |
561.039 |
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TOTAL |
955.910 |
782.242 |
845.785 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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TOTAL |
2019.098 |
1549.592 |
1363.819 |
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Less |
EXPENSES |
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TOTAL |
2014.650 |
1521.283 |
1259.878 |
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PROFIT BEFORE
TAX |
4.448 |
28.309 |
103.941 |
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Less |
TAX |
1.358 |
10.446 |
35.539 |
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PROFIT AFTER TAX
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3.090 |
17.863 |
68.402 |
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EARNINGS IN
FOREIGN CURRENCY |
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FOB value of Export |
974.990 |
886.267 |
707.324 |
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Earnings Per
Share (Rs.) |
32.31 |
186.75 |
715.13 |
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REVIEW OF OPERATIONS:
During the year, the
Company has earned of Rs. 2019.098 Millions from Rs. 1549.592 Millions. The net
profit for the year has been Rs. 3.090 Millions as against Rs. 17.863 Millions
during the previous financial year. The reason behind declined net profit is
due to steady decline in operating profitability amongst intensifying
competition in CTC and PICC segment from other manufacturers. Also the change
in business mix has necessitated additional working capital requirement and
hence higher debt level.
The Directors are continuously looking for avenues for growth of the
company.
REVIEW OF BUSINESS:
During the year
the demand for the Company’s products continued to be further depressed.
However they could maintain the total quantity at the same level as in the
previous year, as the demand for their conductors for 765 kv transformers
picked up. They could supply about 1100 tonnes which constituted about 15% of their
total sales. The LME prices of copper continued an upward trend, resulting in a
higher Turnover. The share of their exports rose from 26% in the previous year
to 29% in the year.
The Company was
re-audited for their capability to manufacture conductors for Transformers with
rating 765 kv by M/s Power Grid Corporation and their approval is extended and
as a result they have been able to add some new customers to their list.
The depression in
demand for Power transformers in the lower capacity range restricted their
total sales to the same level as in the previous year. However with additional thrust
on exports and continued demand for conductors in 765 kv Transformers they
expect the quantities to increase by about 10 to 15% in the current year.
PLANS AND PROSPECTS
In the long run,
the prospects in the Electrical Industry continue to be good, both, in the
Domestic as well as in the Export sectors. In the domestic sector the shift to
higher voltage Transformers in being seen in recent times. This is a positive
development for us as the numbers of Conductor manufacturers who have been
approved in this range are limited.
They have been
able to develop some special conductors for application in the higher voltage
range of Transformers. This has helped us add to their value addition. They see
good prospects in this range of products, as till date, they do not have any
competition in the domestic market. The demand for these products is growing
and they see a major advantage for the Company.
The overall
situation at present appears to be uncertain, considering the economic
situation the world over, and especially in India as this is the Election Year.
The hopes, however are that this situation will come to an end, and they will
bounce back very soon.
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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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
Gat No. 11/3, 11/4 and 11/5, Village Birdewadi, Chakan,
Taluka-Khed, Pune – 410501, Maharashtra, India |
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Tel. No.: |
91-2135-256410 |
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Fax No.: |
91-2135-256411 |
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E-Mail : |
kirtida.kale@kshinternational.com
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Head Office : |
Chakan - Ambethan Road, Chakan, Pune - 410501, Maharashtra, India |
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Tel. No.: |
91-2135-256410/ 256412 |
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Fax No.: |
91-2135-256411 |
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E-Mail : |
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Factory : |
J-25, M.I.D.C., Taloja, District Raigad - 410208, Maharashtra, India |
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Branch Office : |
5, Madhav Nagar, Bhavani Shankar Road, Dadar (West), Mumbai - 400028,
Maharashtra, India |
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Tel. No.: |
91-22-27410367/ 27401425 |
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Fax No.: |
91-22-27412418 |
CHANGE OF ADDRESS:
The Registered office of the company has been shifted from 5, Madhav
Nagar, Bhavani Shankar Road, Dadar (West), Mumbai - 400028, Maharashtra, India
to the present address.
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.