MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

COAST TO COAST DESIGNS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELC09943D

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

150 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Trader, Exporter and Importer of Wooden Products.

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Sri Lanka

 

 

Imports :

 

Products :

Raw Material

Countries :

·         Europe

·         China

·         Thailand

·         Brazil

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Customers :

End Users

 

 

No. of Employees :

150 (Approximately)

 

 

Bankers :

·         HDFC Bank Limited

·         Corporation Bank, 28-E, Sundar Bhawan, Kamla Nagar, Delhi - 110007, India

 

 

Facilities :

Cash Credit Rs.15.000 Millions (From Corporation Bank)

 

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG-TERM BORROWINGS

 

 

Car Loan from Volkswagen Finance Private Limited (Against hypothecation of Audi Car, repayable in 48 installment of Rs. 0.081 Million including interest @ 10.57% starting from 29.02.2012 and ending as on 20.01.2016) and personal guarantee of directors. 

1.685

2.370

Car Loan from HDFC Bank Limited (Against hypothecation of I 20 Car, repayable in 48 installment of Rs. 0.014 Million including interest @ 15.55% starting from 05.02.2012 and ending as on 05.01.2016) and personal guarantee of directors

0.263

0.379

SHORT TERM BORROWINGS

 

 

BELC (Corporation Bank LC Discounting Limit) (Secured against hypothecation of plant and machinery, other fixed assets, stock and book debts, present and future and equitable mortgage of Factory land and building)

0.000

2.528

Cash Credit Limit from Corporation Bank (Secured against hypothecation of plant and machinery, other fixed assets, stock and book debts, present and future and equitable mortgage of Factory land and building)

0.000

17.853

Buyers credit from Corporation Bank (Secured against hypothecation of plant and machinery, other fixed assets, stock and book debts, present and future and equitable mortgage of Factory land and building)

48.752

13.242

 

 

 

Total

 

50.700

36.372

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG-TERM BORROWINGS

 

 

Loan from Directors, Member and their Relatives

30.647

13.056

Inter Corporate Loans  

87.604

51.863

 

 

 

Total

118.251

64.919

 

 

 

Banking Relations :

 

 

 

Name :

B.D. Gupta And Associates

Chartered Accountants

Address :

217, Dhruv Apartment, 4 I.P. Extension, Patparganj, Delhi – 110092, India

Tel. No.:

91-11-22724123/ 22720236

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

AADFB7892G

 

 

Related Parties :

·         Baid Buildcon Private Limited

·         Donyi Polo Infrastructure Private Limited

·         Donyi Polo Timbers Private Limited

·         Unique Plywood Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 26.09.2013

 

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

 

 


 

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

14.955

14.955

14.278

(b) Reserves & Surplus

45.488

42.882

32.503

(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)

60.443

57.837

46.781

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

120.199

67.668

13.759

(b) Deferred tax liabilities (Net)

0.492

0.604

0.552

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

1.981

0.000

0.000

Total Non-current Liabilities (3)

122.672

68.272

14.311

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

48.752

33.623

22.007

(b) Trade payables

119.095

113.907

85.407

(c) Other current liabilities

8.508

10.319

6.059

(d) Short-term provisions

3.650

2.066

1.131

Total Current Liabilities (4)

180.005

159.915

114.604

 

 

 

 

TOTAL

363.120

286.024

175.696

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

30.078

20.580

14.273

(ii) Intangible Assets

0.052

0.034

0.031

(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

0.103

0.798

0.098

(e) Other Non-current assets

0.000

0.000

0.215

Total Non-Current Assets

30.233

21.412

14.617

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

122.343

101.103

83.969

(c) Trade receivables

202.422

148.836

71.520

(d) Cash and cash equivalents

2.908

9.179

1.349

(e) Short-term loans and advances

3.943

4.528

3.966

(f) Other current assets

1.271

0.966

0.275

Total Current Assets

332.887

264.612

161.079

 

 

 

 

TOTAL

363.120

286.024

175.696

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

TOTAL                                    

421.600 (Approx.)

NA

251.186

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

247.185

 

 

 

 

 

 

PROFIT BEFORE TAX

4.716

5.713

4.001

 

 

 

 

 

Less

TAX                                                                 

2.110

2.107

1.398

 

 

 

 

 

 

PROFIT AFTER TAX

2.606

3.606

2.603

 

 

 

 

 

 

Earnings Per Share (Rs.)

1.74

2.41

1.82

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

466.500

 

 

 

 

 

 

The above information has been parted by Mr. Naresh Sharma

 

 

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 DEFAILTERS’ LIST STATUS

 

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

 

LOCATIONS

 

Registered Office :

203-208, Aditya Chamber - I, D Block, Central Market, Prashant Vihar, New Delhi – 110085, India

Tel. No.:

91-11-47079901 (10 lines)

Mobile No.:

91-9873555497 (Mr. Naresh Sharma)

Fax No.:

91-11-47079910

E-Mail :

office@coasttocoast.in

rocddc@in.com

gopalkgupta2003@yahoo.com

naresh@coasttocoast.in

Website :

http://www.coasttocoast.in

Area :

550 Sq. Ft

Location :

Rented

 

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.