MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

CHENNAI RADHA ENGINEERING WORKS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AACCC6068R

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Available

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of Operation and Maintenance works including rectification of breakdown and design faults and improvement/ modification /renovation and wagon loading works. It also undertakes Design, Manufacture, Supply, Erection, Testing and Commissioning works of material handling plant. It is also engaged in Supply of MHP equipments such as Belt trippers, Idlers, Pulleys, Flap gates, Rack and Pinion gate, travelling hoppers, scrapper feeders, Shift able frames, belt cleaners, machined components, electrical, civil and coal unloading works. It has also put up windmills for the generation of wind power.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

·         State Bank of India, Leather & International Branch, "MVJ Towers, No.177/1, P.H. Road, Kilpauk,, Chennai - 600010, Tamilnadu, India

 

·         IDBI Bank Limited, Specialised Corporate Branch, Plot No.7, Chevaliar Shivaji Ganesan Salai, T. Nagar,, Chennai - 600017, Tamilnadu, India

 

·          Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India

 

 

Facilities :

 

SECURED LOANS

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Rupee term loans from banks

16.850

27.072

Rupee term loans from others

0.000

307.350

Loans repayable on demand

267.522

0.000

Total

284.372

334.422

 

 

UNSECURED LOANS

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

SHORT TERM BORROWINGS

 

 

Term Loans

288.935

282.696

Total

288.935

282.696

 

Banking Relations :

--

 

 

Finance Institution :

·         SREI Equipment Finance Private Limited, 'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India

 

·         Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg,Fort, Mumbai - 400001, Maharashtra, India

 

 

Auditors :

 

Name :

Sabapathy and Dhandapan

Chartered Accountants

Address :

New No:81, Old No:47, Dr. R.K. Salai, Mylapore, Chennai - 600004, Tamilnadu, India

PAN No. :

AAPFS0207E

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 26.09.2013

 

Names of Shareholders

No. of Shares

Sambandam Venkatesan

6096274

Venkatesan Padmavathy

1290300

Senthilkumar

750300

Radhaselvi Venkatesan

1120800

Venkatachalam Ranganathan Ramu

500300

S.  Venkatesan

563754

 

 

Total

10321728

 

As on 19.03.2014

 

Names of Allottee

No. of Shares Allottee

V. R. Senthil Kumar

257500

V.R. Ramu

257500

Total

515000

 

 

As on 26.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.213

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

103.217

103.217

103.217

(b) Reserves & Surplus

474.364

351.211

242.410

(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)

577.581

454.428

345.627

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

284.372

334.422

191.546

(b) Deferred tax liabilities (Net)

16.516

17.822

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)

300.888

352.244

191.546

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

288.935

282.696

218.745

(b) Trade payables

393.940

439.161

453.453

(c) Other current liabilities

10.964

21.026

6.697

(d) Short-term provisions

84.196

64.957

2.273

Total Current Liabilities (4)

778.035

807.840

681.168

 

 

 

 

TOTAL

1656.504

1614.512

1218.341

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

680.384

686.892

479.330

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

17.808

10.087

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

49.226

55.181

112.353

(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

0.000

0.000

0.000

Total Non-Current Assets

747.418

752.160

591.683

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

100.881

51.393

27.424

(c) Trade receivables

343.310

354.489

312.919

(d) Cash and cash equivalents

124.227

131.620

92.526

(e) Short-term loans and advances

331.927

318.048

182.547

(f) Other current assets

8.741

6.802

11.242

Total Current Assets

909.086

862.352

626.658

 

 

 

 

TOTAL

1656.504

1614.512

1218.341

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

 

Other Income

 

 

 

 

 

TOTAL                                     (A)

2324.600

2225.600

1434.600

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                     (B)

1969.200

1914.500

1207.700

 

 

 

 

 

 

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

355.400

311.100

226.900

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

79.500

63.900

52.200

 

 

 

 

 

 

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

275.900

247.200

174.700

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

89.100

66.200

69.400

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                 (G)           

186.800

181.000

105.300

 

 

 

 

 

Less

TAX                                                                  (H)

62.200

59.000

36.600

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX (G-H)                  (I)

124.600

122.000

68.700

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

12.07

11.82

6.66

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

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 :

No.40, Sapthagiri Colony, K.R.Layout, Jafferkhanpet, Chennai – 600083, Tamilnadu, India

Tel. No. :

91-44-24892274

Mobile No. :

91-9444415931 (Mr. Senthil Kumar)

Fax No. :

91-44-24714852

E-Mail :

radhaengg@vsnl.net

cewho@crewpl.com

hoaxxounts@crewpl.com

Area :

2400 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.