MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

BLISS ANAND PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELB07953B / DELB00313F

 

 

PAN No.:

[Permanent Account No.]

AAACB4798B

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of High quality Field Instrumentation for Power and Process Industries and venture into the Nuclear Power Sector.

 

 

Products :

·         Glass Level Gauge

·         Gauge Valve

·         Magnetic Level Gauge

·         Instrument Chamber

·         Level Switch

·         Sight Flow Indicator

·         Safety Relief Valve Series 2600

·         Safety Relief Valve Series 2700

·         Safety Relief Valve Series 4200

·         Farris Safety Relief Valves (Russian Version)

·         Complete Products Catalogue

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         Oriental Bank of Commerce, Overseas Branch, Udhyog Vihar, Phase 5, Gurgaon – 122 001, Haryana, India

·         Citi Bank

·         ICICI Bank Limited

·         HDFC Bank Limited

·         Bank of Baroda

·         Bank of Rajasthan

·         Indian Bank

·         Punjab National Bank

·         Axis Bank Limited

·         Standard Chartered Bank

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

TERM LOAN

 

 

Citi Bank

(Secured by House at Sushant Lok)

0.000

17.615

OBC Term Loan-0057

(Secured by Machinery)

28.401

21.691

Standard Chartered Bank Term Loan

(Secured by Director Assets)

46.046

48.224

CAR LOAN

 

 

Axis Bank

 

 

Secured by Rangerover

3.167

0.000

Secured by Alto

0.234

0.000

Secured by XUV500

0.934

0.000

BMW India Financial Services (Private) Limited

 

 

Secured by Verna

0.572

0.000

ICICI Bank Limited

 

 

Secured by car

0.000

0.000

Secured by Mercedes Benz

0.000

3.076

Secured by Nano

0.000

0.013

Secured by Audi-A6

0.000

2.763

HDFC Bank Limited

 

 

Secured by Santro

0.000

0.028

Secured by i-10

0.000

0.039

Kotak Mahindra Prime limited

 

 

Secured by Alto

0.005

0.052

Secured by Indica-1

0.007

0.071

Secured by Indica-2

0.080

0.094

Secured by Wagon-R

0.018

0.060

Secured by i-10

0.113

0.066

Tata Capital Limited

 

 

Secured by Vento

0.383

0.545

Secured by Etios

0.271

0.385

Secured by Alto K-10

0.146

0.196

Secured by Chevrolet Beat

0.229

0.297

Tata Capital Financial Services Limtied

 

 

Secured by Audi A8

5.545

0.000

Secured by Maruti Eeco

0.104

0.000

Secured by Mercedes

5.460

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

OBC-CC A/c-0035

(Secured against Stock)

56.619

8.961

OBC Bill Discounting A/c

(Secured by Bills)

70.955

65.849

LC Discounted from OBC

(Secured by Bills)

1.341

0.000

Citi Bank

(Secured by House at Sushant Lok)

0.000

0.244

PLC with OBC FXPC

(Secured by Stock and Debtors)

3.165

33.200

Standard Chartered Bank Term Loan

(Secured by Directors Assets)

2.178

1.775

OBC Demand Loan – 00579

(Secured by FDR)

32.305

0.000

CAR LOAN

 

 

Axis Bank

 

 

Secured by Rangerover

0.731

0.000

Secured by Alto

0.046

0.000

Secured by XUV500

0.187

0.000

BMW India Financial Services (Private) Limited

 

 

Secured by Verna

0.148

0.000

ICICI Bank Limited

 

 

Secured by car

0.000

0.011

Secured by Mercedes Benz

0.000

1.104

Secured by Nano

0.013

0.078

Secured by Audi-A6

0.000

0.619

HDFC Bank Limited

 

 

Secured by Santro

0.000

0.076

Secured by i-10

0.039

0.085

Kotak Mahindra Prime limited

 

 

Secured by Alto

0.059

0.064

Secured by Indica-1

0.081

0.088

Secured by Indica-2

0.014

0.070

Secured by Wagon-R

0.067

0.086

Secured by i-10

0.074

0.187

Tata Capital Limited

 

 

Secured by Vento

0.161

0.144

Secured by Etios

0.113

0.101

Secured by Alto K-10

0.050

0.043

Secured by Chevrolet Beat

0.068

0.059

Tata Capital Financial Services Limited

 

 

Secured by Audi A8

1.405

0.000

Secured by Maruti Eeco

0.085

0.000

Secured by Mercedes

1.380

0.000

 Total

262.999

208.059

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

LOANS AND ADVANCES FROM RELATED PARTIES

 

 

Kavita Anand Holdings (Private) Limited

(0.349)

10.923

Kunal Anand

3.685

4.608

Vikas Anand

0.485

0.385

Prem Anand

3.338

28.889

Bawal Unit

 

 

Kavita Anand Holdings (Private) Limited

0.400

0.000

OTHERS

 

 

Manesar Unit

 

 

K Revri

 

 

Nidhi Manocha

0.050

0.000

Puneet Chadha

0.250

0.250

Pooja Revri

1.500

1.500

Rajesh Revri

0.900

0.900

R G Rajan

0.080

0.000

S K Revri

1.650

0.700

Vaneet Chadha

0.250

0.250

VKC Surgicals

2.000

0.000

Total

14.239

48.405

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

A V C and Company

Chartered Accountants

Address :

5C/9, 2nd Floor, New Rohtak Road, New Delhi – 110005, India

Telefax No.:

91-11-28716189/ 28716274

Income-tax PAN of auditor or auditor's firm :

AAXFA6146L

 

 

Group Companies :

·         Badotherm Instruments Holland Private Limited

CIN No.: U95000DL2000PTC106269

 

·         Kavita Anand Holdings Private Limited

CIN No.: U74140HR2006PTC036487

 

·         Sulaiman Bliss Petrotech Private Limited

CIN No.: U11101DL2004PTC128703

 

·         Global Engg. Solutions.

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

Names of Shareholders

No. of Shares

 

Prem Anand

782221

Triveni Anand

58454

Vikas Anand

598728

Kunal Anand

966895

Gaurav Anand

1696358

Prem Anand and Sons (HUF)

66631

Rachna Anand

90000

Aarti Anand

40975

Yuvraj Anand

54946

Adyan Anand

55578

Total

4410786

 

 

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

44.108

44.108

44.108

(b) Reserves & Surplus

67.244

63.737

60.118

(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)

111.352

107.845

104.226

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

105.953

143.619

47.486

(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

0.000

0.000

0.000

Total Non-current Liabilities (3)

105.953

143.619

47.486

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

171.285

112.845

50.242

(b) Trade payables

129.165

54.191

48.686

(c) Other current liabilities

16.127

18.106

12.699

(d) Short-term provisions

3.152

2.201

1.195

Total Current Liabilities (4)

319.729

187.343

112.822

 

 

 

 

TOTAL

537.034

438.807

264.534

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

149.387

145.846

111.200

(ii) Intangible Assets

2.257

1.136

1.421

(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

24.034

24.045

24.045

(c) Deferred tax assets (net)

2.167

0.480

0.145

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

177.845

171.507

136.811

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

62.878

37.743

26.576

(c) Trade receivables

194.825

143.756

81.576

(d) Cash and cash equivalents

66.882

71.894

5.378

(e) Short-term loans and advances

8.251

10.864

8.575

(f) Other current assets

26.353

3.043

5.618

Total Current Assets

359.189

267.300

127.723

 

 

 

 

TOTAL

537.034

438.807

264.534

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

440.172

416.125

231.237

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

434.270

410.557

228.088

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX 

5.902

5.568

3.149

 

 

 

 

 

Less

TAX                                                                 

2.313

1.940

1.381

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

3.589

3.628

1.768

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

187.937

NA

110.195

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

0.81

0.82

0.40

 

 

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 :

10/17, Basement, Nehru Enclave, Kalkaji, New Delhi – 110 019, India

Tel. No.:

Not Available

Fax No.:

Not Available

E- Mail :

akvk2003@yahoo.com

Website :

www.blissanand.com

 

 

Factory 1 :

92B-93B, Sector 5, IMT Manesar, Gurgaon, Haryana, India

Tel. No.:

91-124-4366000 (10 Lines)

Fax No.:

91-124-2290884

E-Mail :

sales@blissanand.com

 

 

Factory 2 :

Po No.240, Sector-3, Growth Centre, HSIIDC, Bawal, Haryana, India

Tel. No.:

91-1284-264195

E-Mail :

sales@blissanand.com

 

 

Factory 3 :

Global Engg. Solution FZCO

P.O. Box : 18576, RA 08, WF 04, Jebel Ali free zone, Dubai, U.A.E.

Tel. No.:

00971-4-8835633

Fax No.:

00971-4-8835644

E-Mail :

gages@eim.ae

 

 

Factory 4 :

Bliss Anand America LLC

3400, Awesome Lane, Deer Park, Texas – 77536, USA

Tel. No.:

+1-281-537-7813

Fax No.:

+1-281-542-7000

E-Mail :

sales.usa@blissanand.com

 

 

Sales Offices :

Located at :

 

·         Dubai

·         Kazakhstan

·         Navi Mumbai

·         Vadodara

·         Coimbatore

·         Chennai

·         Abu Dhabi

·         Canada

 

 

 

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.