MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

B.M.J. CABLES LIMITED (w.e.f. 18.01.2007)

 

 

Formerly Known As :

TEJ-US INFOTECH LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

AHMB04002F

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Aluminium Wire Rode.

 

 

Products :

ITC Code No.

Product Description

76011040

Aluminium Wire Rods

76011010

Ingots

26201110

Scrape / Waste

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         Standard Chartered Bank, Ground Floor, Abhijeet – II, Mithakhali 6th Road, Navrangpura, Ahmedabad-380006, Gujarat, India

·         Oriental Bank of Commerce, Ahmedabad, Gujarat, India

·         Axis Bank, Ahmedabad, Gujarat, India

·         Indusind Bank Limited, World Business House, Near Parimal Garden, Ahmedabad - 380006, Gujarat, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Standard Chartered Bank overdraft

135.101

63.394

Buyers credit

0.000

29.892

 

 

 

Total

135.101

93.286

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

From Other parties

0.000

6.701

 

 

 

Total

0.000

6.701

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Jitendra Shah and Associates

Chartered Accountants

Address :

B/302, Atma House, Near Times of India, Ashram Road, Ahmedabad- 380009, Gujarat, India

Tel. No.:

91-79-25454400 / 26585000

E-Mail :

jsa9@rediffmail.com

 

 

Associates :

¨       Veenita Enterprise Private Limited

¨       J J. All,uminium Private Limited

¨       B. R. Metals and Alloys Private Limited

¨       Ghanshyam Metal Udyog

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 13.09.2013

 

Names of Shareholders

No. of Shares

Babulal Ramdyal Shah

35000

Bhanwarsigh Shivathsingh Purohit HUF

100

Chandradevi Nitinkumar Purohit

100

Ghanshyam Babulal Shah

30000

Indudevi Kartikey Purohit

100

Kailashchandra Babulal Shah

35000

Laxmiben Bhanwarlal Purohit

100

Mahendra Bhanwarsingh Purohit

131480

Panidevi Bhanwarlal Purohit

100

Preeti Mahendra Purohit

100

Radheshyam Roshanlal Maheshwari

5000

Chandrankant Vrajlal Solanki

115000

Hitendra Vrajlal Purohit

90000

 

 

Total

442080

 

 

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

4.421

4.421

4.421

(b) Reserves & Surplus

67.909

62.059

55.490

(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)

72.330

66.480

59.911

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.228

0.256

0.283

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.228

0.256

0.283

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

135.101

99.987

96.840

(b) Trade payables

14.209

6.762

4.242

(c) Other current liabilities

3.311

1.027

0.341

(d) Short-term provisions

5.800

3.000

0.418

Total Current Liabilities (4)

158.421

110.776

101.841

 

 

 

 

TOTAL

230.979

177.512

162.035

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

11.871

12.865

12.777

(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

1.859

2.439

1.859

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

13.730

15.304

14.636

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

51.699

47.090

48.910

(c) Trade receivables

112.377

69.152

65.682

(d) Cash and cash equivalents

2.099

1.702

2.053

(e) Short-term loans and advances

51.074

44.264

30.754

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

217.249

162.208

147.399

 

 

 

 

TOTAL

230.979

177.512

162.035

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

716.118

650.091

399.627

 

 

Other Income

2.400

0.414

0.172

 

 

TOTAL                                     (A)

718.518

650.505

399.799

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

624.305

588.188

373.488

 

 

Purchases of Stock-in-Trade

38.609

0.000

0.000

 

 

Changes in Inventories

(15.801)

(4.704)

(11.600)

 

 

Employee Benefits Expenses 

1.818

1.382

1.101

 

 

Other Expenses

44.010

42.017

16.877

 

 

TOTAL                                     (B)

692.941

626.883

379.866

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

25.577

23.622

19.933

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

15.739

12.684

9.145

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

9.838

10.938

10.788

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

1.217

1.309

1.666

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

8.621

9.629

9.122

 

 

 

 

 

Less

TAX                                                                  (H)

2.771

3.061

3.116

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

5.850

6.568

6.006

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

26.771

20.203

14.197

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

32.621

26.771

20.203

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

36.711

18.230

10.023

 

TOTAL EARNINGS

36.711

18.230

10.023

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

302.899

211.808

176.089

 

TOTAL IMPORTS

302.899

211.808

176.089

 

 

 

 

 

 

Earnings Per Share (Rs.)

13.23

14.86

13.59

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

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 /  Factory :

Plot No. 562, GIDC Estate, Khatwada, Ahmedabad – 382 460, Gujarat

Tel. No.:

91-79-22901814 / 1815

Mobile No.:

91-9426059111 (Mr. Mahendra Bhanwarsing Purohit)

Fax No.:

91-79-2291816

E-Mail :

info@bmj.co.in

Website :

http://www.bmi.co.in

Area :

10000 Sq. ft.

Location :

Owned

 

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