IDENTIFICATION DETAILS
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Name : |
MAGNUM FORGE AND MACHINE WORKS PRIVATE LIMITED |
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Country : |
India |
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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 Divulged |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of oilfield components. |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
Bank of Maharashtra, Parvati,
Pune, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
Yeravdekar and Associates Chartered Accountants |
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Address : |
96/16,Navi Peth,Rajendranagar, Near Sachin Tendulkar Jogging Track, Pune
– 411030, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFY1530C |
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Subsidiaries : |
Askara Technical Solutions Private Limited CIN No.: U74140MH2007PTC176376 |
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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Sudhir Shrivallabh Puranik |
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299900 |
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Rekha Sudhir Puranik |
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90 |
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Revati Vikram Salunkhe |
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10 |
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Total |
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300000 |
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 |
3.000 |
3.000 |
3.000 |
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(b) Reserves & Surplus |
135.053 |
129.722 |
124.780 |
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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 |
10.730 |
18.384 |
36.678 |
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Total
Shareholders’ Funds (1) + (2) |
148.783 |
151.106 |
164.458 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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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) |
0.000 |
0.000 |
0.000 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
9.560 |
0.031 |
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(b) Trade payables |
999.200 |
693.443 |
518.711 |
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(c) Other current liabilities |
2.298 |
2.394 |
0.660 |
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(d) Short-term provisions |
1.920 |
3.895 |
1.557 |
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Total
Current Liabilities (4) |
1003.418 |
709.292 |
520.959 |
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TOTAL |
1152.201 |
860.398 |
685.417 |
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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 |
159.875 |
152.574 |
127.337 |
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(ii) Intangible Assets |
5.546 |
0.000 |
0.000 |
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(iii) Capital work-in-progress |
0.000 |
0.000 |
36.664 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
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(c) Deferred tax assets (net) |
9.705 |
9.852 |
9.275 |
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(d) Long-term Loan and Advances |
0.574 |
0.575 |
0.575 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total
Non-Current Assets |
175.800 |
163.101 |
173.951 |
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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 |
318.348 |
184.362 |
101.201 |
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(c) Trade receivables |
492.426 |
384.890 |
321.140 |
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(d) Cash and cash equivalents |
52.350 |
48.184 |
41.925 |
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(e) Short-term loans and
advances |
113.277 |
79.861 |
47.200 |
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(f) Other current assets |
0.000 |
0.000 |
0.000 |
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Total
Current Assets |
976.401 |
697.297 |
511.466 |
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TOTAL |
1152.201 |
860.398 |
685.417 |
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 |
935.489 |
789.784 |
572.097 |
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Other Income |
18.777 |
3.428 |
5.098 |
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TOTAL (A) |
954.266 |
793.212 |
577.195 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
602.537 |
501.526 |
350.393 |
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Changes in inventories of finished goods stock in process
and stock in trade |
(93.210) |
(72.139) |
-36.366 |
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Employees benefits expense |
77.020 |
62.723 |
52.121 |
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Other Manufacturing expense |
299.479 |
223.161 |
161.773 |
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Other Administrative expense |
16.202 |
31.571 |
8.528 |
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TOTAL (B) |
902.028 |
746.842 |
536.449 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
52.238 |
46.3700 |
40.746 |
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Less |
FINANCIAL
EXPENSES (D) |
0.021 |
0.023 |
0.315 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
52.217 |
46.347 |
40.431 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
31.932 |
30.162 |
27.237 |
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PROFIT BEFORE
TAX (E-F) (G) |
20.285 |
16.185 |
13.194 |
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Less |
TAX (H) |
14.954 |
11.243 |
5.655 |
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PROFIT AFTER TAX
(G-H) (I) |
5.331 |
4.942 |
7.539 |
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IMPORTS |
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Raw Materials |
205.588 |
159.572 |
8.577 |
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Stores & Spares |
35.440 |
31.218 |
66.019 |
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Capital Goods |
14.783 |
2.207 |
74.596 |
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TOTAL IMPORTS |
255.811 |
192.997 |
149.192 |
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Earnings Per
Share (Rs.) |
17.77 |
16.47 |
25.13 |
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PERFORMANCE:
The year under consideration the company has achieved turnover of Rs.935.500 Millions (previous year Rs.789.800 Millions) and has earned valuable foreign exchange of Rs. 913.800 Millions (Previous year Rs.68.49 Crores). The Company has earned profit of Rs. 20.300 Millions (Previous year Rs.16.200 Millions) due to the continuous efforts taken by the Directors.
The Board is confident to achieve even better results in the upcoming financial year.
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually 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 : |
Flat No. 1682, Parjati Towers, Paravati, Pune – 411037, Maharashtra |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9822519342 (Mr. Shekher Tupe) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Factory: |
At and Post Velu, Gat No.: 776 and
777, Near Shindewadi, Pune-Satara Road, Taluka: Bhor, District: Pune –
412205, Maharashtra, India |
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Tel. No.: |
91-2113-252422-252365/252499 |
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Fax No.: |
91-2113/252476 |
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E-Mail : |
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Office: |
82, Parvati Towers, Flat No. 26, 6th Floor, Parvati, Pune –
411009, Maharashtra, India |
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Tel. No.: |
91-20-24443832/24446279 |
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Fax No.: |
91-20-2443873 |
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E-Mail : |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.