MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

CONSOLIDATED CARPET INDUSTRIES LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Trader, Exporter and Importer of all types of Carpets mostly Hand Made, Hand Tufed and Hand Hooked.

 

 

Products :

·         Floor Master
Wooden Laminates and Parquet Flooring.

  • Beaulieu of America
    Carpets
  • Mannington
    Carpet Tiles
  • Flotex
    Speciality Flooring
  • PolyFlor
    Vinyl Flooring
  • Coral

             Entrance Systems

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

¨       Citi Bank, N.A, Jeevan Bharti Building, 4th Floor, 124, Connaught Place, New Delhi – 110001, Delhi, India

¨       Bank of India, Khan Market Branch, 32-33, Raja Gyan Naye Building, Khan Market, New Delhi – 110003, India.

¨       Syndicate Bank,Corporate Finance Branch, R K Puram, New Delhi – 110 022, India.

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Vehicle loans – From Bank

2.717

1.872

 

 

 

SHORT TERM BORROWINGS

 

 

Repayable on demand

48.263

53.216

 

 

 

Total

50.980

55.088

 

 

UNSECURED LOAN

 

PARTICULAR

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Repayable on demand

5.530

5.000

 

 

 

Total

5.530

5.000

 

Banking Relations :

 

 

 

Auditors :

 

Name :

B K Shroff and Company

Chartered Accountant

Address :

3 / 7 B Asaf Ali Road, 1st Floor, Flat No. 4, New Delhi - 110 002, India.

Tel. No.:

91-23271407, 91-23284825, 91-2328482

Fax No.:

91-23270362

E-Mail :

bkshroffdelhi@yahoo.com

bfshroffdelhi@reiff.com

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

Anil Kumar Sodhani

629940

Rama Sodhani

10

Ekta Sodhani

10

Dhruv Sodhani

425010

Vidur Sodhani

369510

Kedar Mal Sharma

10

Chander Shekhar Gupta

10

Indian Carpet Center

575500

 

 

Total

2000000

 

 

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

20.000

20.000

20.000

(b) Reserves & Surplus

102.065

100.443

96.078

(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)

122.065

120.443

116.078

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.717

1.872

1.677

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

2.225

2.225

2.225

(d) long-term provisions

4.233

3.954

3.049

Total Non-current Liabilities (3)

9.175

8.051

6.951

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

53.793

59.216

56.595

(b) Trade payables

40.214

27.510

32.855

(c) Other current liabilities

22.764

18.941

12.653

(d) Short-term provisions

1.350

2.500

2.675

Total Current Liabilities (4)

118.121

108.167

104.778

 

 

 

 

TOTAL

249.361

236.661

227.807

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

31.275

31.368

33.189

(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

1.000

1.100

1.000

(c) Deferred tax assets (net)

1.070

0.766

0.631

(d)  Long-term Loan and Advances

1.266

0.957

1.005

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

34.611

34.191

35.825

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

90.540

92.097

77.290

(c) Trade receivables

78.936

64.728

71.546

(d) Cash and cash equivalents

4.236

6.648

5.610

(e) Short-term loans and advances

25.806

26.564

25.598

(f) Other current assets

15.232

12.433

11.938

Total Current Assets

214.750

202.470

191.982

 

 

 

 

TOTAL

249.361

236.661

227.807

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

226.066

223.620

213.413

 

 

Other Income

21.429

25.391

28.863

 

 

TOTAL                                    

247.495

249.011

242.276

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of Stock-in-Trade

170.886

178.289

173.929

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

1.557

(14.807)

(15.055)

 

 

Employees benefits expense

20.750

19.477

17.946

 

 

Other expenses

39.363

46.472

47.044

 

 

TOTAL                                    

232.556

229.431

223.864

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

14.939

19.580

18.412

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

8.842

9.080

7.330

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

6.097

10.500

11.082

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

3.260

3.486

2.579

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2.837

7.014

8.503

 

 

 

 

 

Less

TAX                                                                 

1.215

2.649

2.844

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

1.622

4.365

5.659

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

0.81

2.18

2.83

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (44)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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 :

4 – A, 1st Floor, Adhchini, Sri Aurobindo Marg, New Delhi – 110 017, India

Tel. No.:

91-11-40697000

Fax No.:

91-11-40697028

E-Mail :

admin@ccil.biz 

admin@consolidatedcarpets.com

sanjuccil@gmail.com

sales@ccil.in

sanjuccil@gmail.com

Website :

http://www.consolidatedcarpets.com

http://www.ccil.in

 

 

Factory :

Located At

 

Jonapur, New Delhi

 

 

Branches  :

Located At

 

  • Mumbai
  • Bangalore
  • Kolkata
  • Chandigarh
  • Lucknow
  • Nagpur
  • Pune
  • Chennai

 

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.