MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

MAHAVIR COAL WASHERIES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELM16652G

 

 

PAN No.:

[Permanent Account No.]

AAFCM1923J

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

200 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Service Provider of Washeries Coal.

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

¨                   ACB (India) Limited

¨                   Godavari Commodities Limited

¨                   Hind Energy and Coal Benefication (India) Limited

¨                   Hind Energy and Coal Benefication (India) Limited

¨                   Mahavir Global Coal Limited

¨                   Saraogi Udyog Private Limited

¨                   Swastik Coal Corporation Private Limited

 

 

Customers :

End Users

 

¨                   Alok and Company

¨                   Bhagwati Enterprises

¨                   Budhiya Enterprises

¨                   Ganpati Enterprises

¨                   Jagannath Associates

¨                   Inspire Industries Private Limited

¨                   Krishna Traders

¨                   Lafarge India Private Limited

¨                   Nikhil Traders

¨                   Om Traders

 

 

No. of Employees :

200 (Approximately)

 

 

Bankers :

Axis Bank Limited, Rama Trade Centre, Opposite Rajiv Plaza, Near Bus Stand, Bilaspur, Bilaspur - 495001, Chhattisgarh, India

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Shweta Mazumdar and Company

Chartered Accountants

Address :

Link Road, Behind Sumangalam Apartment, Bilaspur – 495001, Chattisgarh, India

 

 

Enterprises owned by the Key Management Personnel or their relatives:

¨       Arihant Coal Traders

¨       Inspire Industries Private Limited

¨       Mahavir Coal Resources Private Limited

¨       Mahavir Global Coal Limited

¨       Paras Power and Coal Benefication Limited

¨       Indian Enterprises

¨       Mahavir Multitrade Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

 

Vinod Kumar Jain

3000

Pramod Kumar Jain (SA)

80280

Vikash Jain

70000

Vishal Jain

115000

Ankit Jain

1200

Ankur Jain

111000

Mahavir Global Coal Limited

4500

Lumina Marketing Private Limited

2130900

Mahavir Washeries and Power Private Limited

64109

Jain Transport Corporation

2000

Vsg Leasing and Financing Company Private Limited

25000

Welkin Investment Consultants Private Limited

40000

M.K. Thapar

2400

Titanic Distributors Private Limited

1850000

 

 

Total

4499389

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

69.794

44.994

44.994

(b) Reserves & Surplus

89.405

70.635

70.635

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

12.000

12.000

Total Shareholders’ Funds (1) + (2)

159.199

127.629

127.629

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

44.605

43.826

54.340

(b) Deferred tax liabilities (Net)

1.926

1.554

1.553

(c) Other long term liabilities

58.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

104.531

45.380

55.893

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

50.633

50.501

50.501

(b) Trade payables

167.313

145.951

135.082

(c) Other current liabilities

30.839

19.812

20.168

(d) Short-term provisions

0.308

0.000

0.000

Total Current Liabilities (4)

249.093

216.264

205.751

 

 

 

 

TOTAL

512.823

389.273

389.273

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

141.028

129.969

129.969

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

2.161

3.296

3.296

Total Non-Current Assets

143.189

133.265

133.265

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

58.934

25.461

25.461

(c) Trade receivables

292.819

211.910

211.910

(d) Cash and cash equivalents

9.668

2.175

2.175

(e) Short-term loans and advances

7.684

15.245

15.245

(f) Other current assets

0.529

1.144

1.217

Total Current Assets

369.634

255.935

256.008

 

 

 

 

Miscellaneous Expenditure

0.000

0.073

0.000

 

 

 

 

TOTAL

512.823

389.273

389.273

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

1000.444

330.023

213.387

 

 

Other Income

1.323

0.149

0.160

 

 

TOTAL                                    

1001.767

330.172

213.547

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

709.292

215.917

191.650

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(33.473)

26.776

(36.066)

 

 

Employees benefits expense

16.292

7.805

4.583

 

 

Other expenses

250.854

41.937

23.572

 

 

TOTAL                                    

942.965

292.435

183.739

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

58.802

37.737

29.808

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

11.416

11.728

11.222

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

47.386

26.009

18.586

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

18.552

17.537

15.179

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

28.834

8.472

3.407

 

 

 

 

 

Less

TAX                                                                 

10.065

2.618

1.104

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

18.769

5.854

2.303

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

8.590

2.736

0.434

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

NA

8.590

2.736

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

2.69

1.30

2.30

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

198, Ist Floor, Vasant Enclave, Vasant Vihar, New Delhi – 110057, India

Tel. No. :

91-11-26141902

Mobile No. :

s

Fax No. :

Not Available

E-Mail :

mcwpl.baloda@gmail.com

cashweta23@gmail.com

mcwlp.bsp@gmail.com

 

 

Corporate Office:

C/O Mahavir Inspire House, Behind Deendayal Garden, Vyapar Vihar, Bilaspur-495001, Chhattisgarh, India

 

 

Factory:

Village Bhelai, District Janjgir – Champa, Chhattisgarh, India

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.