MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

B CHOKSHI CHEM PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

AHMB03651E

 

 

PAN No.:

[Permanent Account No.]

AACCB8346F

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

25 (Approximately)

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of Industrial Chemicals

 

 

Imports :

 

Products :

Titanium Dioxide Chemicals

Countries :

·         Singapore

·         New York

·         China

·         USA

·         Korea

·         Middle East

 

 

Terms :

 

Selling :

Cash / Advance Payment

 

 

Purchasing :

Cash / Advance Payment

 

 

GENERAL INFORMATION

 

Customers :

Retailers and End Users

 

 

No. of Employees :

25 (Approximately)

 

 

Bankers :
  • Standard Chartered Bank, Ground Floor, Abhijeet II, Mithakali Six Roads, Ahmedabad – 380 006, Gujarat, India

Tel No.: 91-79-39404444

  • HDFC Bank Limited, Satellite, New Delhi, India 
  • UCO Bank

 

 

Facilities :

 

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Working Capital loans from bank

1.883

1.600

Short Term Borrowings

 

 

Working Capital loans from bank

19.106

63.297

Total

20.989

64.897

 

 

UNSECURED LOANS:

 

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Loans and advances from related parties

23.229

18.741

Total

23.229

18.741

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Dhirubhai Shah and Company

Chartered Accountant

Address :

401/ 408, Aditya, Behind Abhijeet I, Near Mitaklai Circle, Ellisbridge, Ahmedabad-380006, Gujarat, India

Tel. No.:

91-79-26403326

Fax No.:

91-79-26403325

E-Mail :

dshaco@dbsgroup.com

dshaco@gmail.com

Website:

www.dbsgroup.in 

 

 

Associates :

Arvee Laboratories (India) Private Limited

CIN No.: U24231GJ2012PTC068778

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 29.09.2013

 

Names of Shareholders

No. of Shares

% of Holding

Bharat Rasiklal Chokshi

1071800

30.62

Saumil Chokshi

696500

19.90

Shalin Chokshi

947920

27.08

Forum Chokshi

644280

18.41

Mitaben Chokshi

139500

3.99

Total

3500000

100.00

.

Equity Share Break up (Percentage of Total Equity)

 

As on 29.09.2013

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

35.000

            35.000

35.000

(b) Reserves & Surplus

46.696

45.769

43.147

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

81.696

80.769

78.147

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

25.112

20.341

9.386

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

1.904

3.253

2.127

Total Non-current Liabilities (3)

27.016

23.594

11.513

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

19.106

63.297

38.701

(b) Trade payables

238.234

175.436

224.192

(c) Other current liabilities

0.721

1.353

0.943

(d) Short-term provisions

0.858

0.161

0.117

Total Current Liabilities (4)

258.919

240.247

263.953

 

 

 

 

TOTAL

367.631

344.610

353.613

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

6.826

5.818

2.430

(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

1.186

0.000

0.000

(c) Deferred tax assets (net)

0.110

0.025

0.120

(d)  Long-term Loan and Advances

74.089

50.000

50.0000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

82.211

55.843

52.550

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

12.889

19.170

34.782

(c) Trade receivables

266.694

259.816

256.900

(d) Cash and cash equivalents

4.302

8.082

9.201

(e) Short-term loans and advances

1.106

1.555

0.000

(f) Other current assets

0.429

0.144

0.180

Total Current Assets

285.420

288.767

301.063

 

 

 

 

TOTAL

367.631

344.610

353.613

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

Income

 

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

1052.145

929.131

876.884

 

 

 

 

 

 

EXPENSES

1050.753

924.661

871.538

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX

1.392

4.532

6.346

 

 

 

 

 

 

TAX                                                                 

0.465

1.910

2.858

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX

0.923

2.622

3.488

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

24.796

23.547

NA

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

CIF Value of Import

201.386

57.121

NA

 

TOTAL IMPORTS

201.386

57.121

NA

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.26

0.74

0.99

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

1100.000

 

 

 

 

 

The above information has been parted by Mr. Saumil Chokshi

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

PRESENT OPERATIONS AND FUTURE PROSPECTS: -

 

During the year, the total Income of the Company was Rs.1052.145 Millions as compared to the previous years of Rs.929.131 Millions. The Company has made the profit of Rs.0.923 Million against previous year profit of Rs.2.622 Millions. The Directors are hopeful to achieve better results in future.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but 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 :

49 Shyamal Row House, Part III-B, Near Sanjay Tower, Satellite, Ahmedabad – 380 015, Gujarat, India

Tel. No.:

91-79-26749036/37/38

Mobile No.:

91-9824410708 (Mr. Soumil Chokshi)

Fax No.:

91-79-26742600

E-Mail :

maulikshah11@gmail.com

saumilchokshi@yahoo.com

bchokshi@gmail.com

accounts@bkchokshi.com

Website :

www.bchokshi.com

Area :

400 Sq. ft.

Location:

Owned

 

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.