IDENTIFICATION DETAILS
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Name : |
LGF SYSMAC INDIA PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Not Available |
BUSINESS DETAILS
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Line of Business : |
The Company is engaged mainly in trading of Machines and its Spare
parts and Hardware items and also manufacturing and processing paint items. |
GENERAL
INFORMATION
The Company is engaged mainly in trading of Machines/its Spare parts and
Hardware items. The Company is also manufacturing/ processing paint items. The
Company is a private limited company.
OPERATIONS
During the year,
the company's performance has been satisfactory as the Company's sale increased
to Rs.272.300 Millions as against Rs.252.600 Millions in previous year showing
a growth of 7.80% over last year. However net profit before tax decreased to
Rs.3.741 Millions as against Rs.10.182 Millions due to competition in the
market and increase in personnel and some administrative expenses looking to
future prospects and planning of the company. In the recent past, the company
also started manufacturing / processing of some paint items which will give
better results and performance in coming year.
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Bank of |
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Facilities : |
Notes: Long Term Borrowings i) Terms of repayment and rate of interest for unsecured loans from the Directors/Shareholders have not been defined as the same have generally been taken from the related parties. ii) The Business Loans have been taken from three banks against personal guarantee of two directors of the Company and postdated cheques and the same are repayable in 24 to 36 Equated Monthly Instalment(EMI) by the Company. Short Term Borrowings Working Capital loans from a bank are secured against the
hypothecation of whole of the Company's Stocks, Book debts/receivables both
present & future, personal guarantee of two directors of the Company and
Collateral security by way of equitable mortgage of a commercial
property/residential properties belonging to a director and his father. |
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Banking
Relations : |
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Auditors : |
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Name : |
R N. Mittal and Associates Chartered Accountant |
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Address : |
204-206, Harsha House, Commercial Complex, Karampura, New Delhi -
110015, Delhi, India |
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Tel. No.: |
91-22-25920552 / 45095229 |
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PAN No.: |
AAIPM7209B |
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Enterprises in
respect of which the reporting company
is an Associate / a joint venture : |
Fom Industries (India) Private Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
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Names of Shareholders |
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No. of Shares |
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Deepak Chugh |
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450000 |
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Gauri Chugh |
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30000 |
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Ashim Chugh |
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450000 |
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Mansha Chugh |
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5000 |
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Vineet Chugh |
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10000 |
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Satya Pal and Sons (HUF) |
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30000 |
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Ashim Chugh (HUF) |
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5000 |
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Deepak Chugh (HUF) |
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10000 |
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Total |
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990000 |
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 |
9.900 |
9.900 |
9.900 |
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(b) Reserves & Surplus |
27.415 |
25.025 |
18.257 |
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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) |
37.315 |
34.925 |
28.157 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
14.976 |
11.080 |
7.033 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term liabilities |
4.016 |
4.129 |
1.948 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
18.992 |
15.209 |
8.981 |
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(4) Current Liabilities |
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(a) Short term borrowings |
60.204 |
48.618 |
46.779 |
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(b) Trade payables |
69.919 |
51.318 |
24.308 |
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(c) Other current liabilities |
44.708 |
13.543 |
10.628 |
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(d) Short-term provisions |
0.000 |
0.011 |
0.008 |
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Total Current Liabilities (4) |
174.831 |
113.490 |
81.723 |
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TOTAL |
231.138 |
163.624 |
118.861 |
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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 |
21.152 |
17.534 |
12.506 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
0.789 |
0.634 |
0.414 |
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(d) Long-term Loan and Advances |
4.098 |
1.930 |
0.889 |
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(e) Other Non-current assets |
4.566 |
1.984 |
2.594 |
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Total Non-Current Assets |
30.605 |
22.082 |
16.403 |
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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 |
83.534 |
69.251 |
54.716 |
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(c) Trade receivables |
68.603 |
49.926 |
28.684 |
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(d) Cash and cash equivalents |
37.197 |
12.108 |
11.971 |
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(e) Short-term loans and advances |
11.199 |
10.257 |
7.087 |
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(f) Other current assets |
0.000 |
0.000 |
0.000 |
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Total Current Assets |
200.533 |
141.542 |
102.458 |
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TOTAL |
231.138 |
163.624 |
118.861 |
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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Income |
272.299 |
252.636 |
152.066 |
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Other Income |
3.379 |
6.008 |
7.116 |
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0.869 |
0.620 |
1.606 |
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TOTAL |
276.547 |
259.264 |
160.788 |
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Less |
EXPENSES |
268.325 |
245.050 |
146.046 |
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(Including
Financial Expenses) |
(Including
Financial Expenses) |
(Including
Financial Expenses) |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.222 |
14.214 |
14.742 |
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Less |
DEPRECIATION/
AMORTISATION |
4.481 |
4.031 |
3.010 |
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PROFIT/(LOSS)
BEFORE TAX |
3.741 |
10.183 |
11.732 |
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Less |
TAX |
1.352 |
3.415 |
4.065 |
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PROFIT/(LOSS)
AFTER TAX |
2.389 |
6.768 |
7.667 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
25.025 |
18.257 |
10.590 |
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BALANCE CARRIED
TO THE B/S |
27.414 |
25.025 |
18.257 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
1.733 |
0.755 |
0.749 |
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Commission Earnings |
1.471 |
5.357 |
6.795 |
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Contribution to Exhibition Expenses |
0.000 |
1.073 |
0.329 |
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TOTAL EARNINGS |
3.204 |
7.185 |
7.873 |
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IMPORTS |
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Raw Materials / Packing Materials |
0.567 |
1.228 |
0.000 |
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Traded Goods |
153.883 |
149.204 |
90.195 |
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Capital Goods |
0.000 |
1.038 |
0.102 |
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TOTAL IMPORTS |
154.450 |
151.470 |
90.297 |
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Earnings Per
Share (Rs.) |
2.41 |
6.84 |
28.44 |
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RATING & COMMENTS
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MIRA’s Rating : |
B (30) |
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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 DEFAULTERS’ 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 / Corporate Office : |
402-403, Tower C, NDM 2, Netaji Subhash Place, Pitampura, New
Delhi-110034, India |
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Tel. No.: |
91-11-47348888 |
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Fax No.: |
91-11-47348899 |
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E-Mail : |
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Website: |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.