MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

CRYSTAL QUINONE PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

AHMC00113B

 

 

PAN No.:

[Permanent Account No.]

AABCC1413H

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

65 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Chemicals, Intermediates and Dyestuff and Pigments, Antioxidants, and Food Preservatives.

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         China

·         Thailand

·         Indonesia

 

 

Imports :

 

Products :

Raw Materials

Countries :

·         China

·         US

 

 

Terms :

 

Selling :

L/C, Cheque and Credit

 

 

Purchasing :

L/C, Cheque and Credit

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers and Others

 

 

No. of Employees :

65 (Approximately)

 

 

Bankers :

·         Citibank, C.G. Road, Ahmedabad, Gujarat, India

·         State Bank of India, Vatva Branch, Gujarat, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Tata Capital Financial Services Limited

(Secured against hypothecation of Motor car-Nissan)

 

 

Balance Outstanding

0.560

0.000

Less: Repayable within 12 months Net Long term Borrowings

(0.242)

0.000

Borrowing from TATA Capital Financial Services Limited

(Secured against hypothecation of Motor car-polo)

 

 

Balance Outstanding

0.336

0.000

Less: Repayable within 12 months Net Long term Borrowings

(0.145)

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Borrowing from CITI Bank

0.000

40.558

Borrowing from CITI Bank

7.427

0.743

Borrowing from CITI Bank

44.884

39.585

Borrowing from CITI Bank

11.558

27.967

Borrowing from CITI Bank

3.057

0.999

Borrowing from CITI Bank current account

(All the above Loans are personally guaranteed by the Directors and also secured by hypothecation of Stock, Book debts and Plant and Machinery and mortgage of factory land and Building)

2.569

0.000

Borrowing from SBI Bank (EDFS A/C)

(Secured against Stock of IOCL products and also guaranteed by directors.)

82.542

0.000

TOTAL

152.547

109.852

 

 

 

UNSECURED LOAN

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

Long Term Borrowings

 

 

Loans and advances from

 

 

Directors

79.017

75.720

Shareholders

15.262

13.809

Others

9.183

4.523

TOTAL

103.462

94.052

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Bhadresh R. Shah and Associates

Chartered Accountants

Address :

203, Nalanda Enclave, Pritamnagar, Ahmedabad - 380006, Gujarat, India

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

AALFB6706B

 

 

Sisters Concern :

Monochem Industries

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

 

Aanang Kunjvihari Shah

1221

Kunjvihari D Shah

1

Aanang Kunjvihari Shah HUF

50

Nayana Aanang Shah

513

Aniket Aanang Shah

215

TOTAL

2000

 

 

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

0.200

0.200

0.200

(b) Reserves & Surplus

90.496

77.311

76.879

(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)

90.696

77.511

77.079

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

103.972

94.052

69.837

(b) Deferred tax liabilities (Net)

0.000

0.000

0.388

(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)

103.972

94.052

70.225

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

152.037

109.852

56.535

(b) Trade payables

58.679

38.520

46.209

(c) Other current liabilities

33.189

18.330

13.699

(d) Short-term provisions

3.149

2.635

10.117

Total Current Liabilities (4)

247.054

169.337

126.560

 

 

 

 

TOTAL

441.722

340.900

273.864

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

60.970

51.833

54.858

(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

0.175

5.765

6.659

(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

3.092

2.578

2.269

Total Non-Current Assets

64.237

60.176

63.786

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

55.437

35.318

32.823

(c) Trade receivables

244.549

198.505

140.731

(d) Cash and cash equivalents

13.377

17.988

13.882

(e) Short-term loans and advances

1.154

0.709

0.484

(f) Other current assets

62.968

28.204

22.158

Total Current Assets

377.485

280.724

210.078

 

 

 

 

TOTAL

441.722

340.900

273.864

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

619.345

427.064

456.390

 

 

Other Income

24.531

19.430

4.973

 

 

TOTAL                                     (A)

643.876

446.494

461.363

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Material Consumed

347.740

230.070

236.362

 

 

Purchase of Stock in Trade/ Ready Goods

140.906

86.531

95.313

 

 

Employee Benefits Expenses

24.473

18.675

13.925

 

 

Other Expenses

91.389

77.215

77.122

 

 

Changes in inventories of FG, WIP and Stock in Trade

(15.051)

5.114

(1.517)

 

 

TOTAL                                     (B)

589.457

417.605

421.205

 

 

 

 

 

 

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

54.419

28.889

40.158

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

21.507

14.037

8.243

 

 

 

 

 

 

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

32.912

14.852

31.915

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

11.046

10.095

9.723

 

 

 

 

 

 

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

21.866

4.757

22.192

 

 

 

 

 

Less

TAX                                                                  (H)

6.341

2.002

8.430

 

 

 

 

 

 

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

15.525

2.755

13.762

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

7763.00

1378.00

6881.00

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

900.000

 

 

 

 

 

Expected Sales (2014-2015) : Rs. 900.000 Millions

 

The above information has been parted by Mr. Aniket Shah (Director).

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

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 / Factory 1 (Dyes and Pigments):

Plot No. 143, Phase II, GIDC, Vatva, Ahmedabad - 382445, Gujarat, India

Tel. No.:

91-79-65414805/ 65414806/ 65414807

91-79-65414800/65414801 (Polymer Division)

Fax No.:

91-79-40083390 (Polymer Division)

E-Mail :

info@crystalquinone.com

polymers@crystalquinone.com

Website :

www.crystalquinone.com

 

 

Factory 2 (Dyes and Pigments) :

A2/20, Phase II, GIDC, Vatva, Ahmedabad - 382445, Gujarat, India

 

 

Factory 3 (Antioxidants) :

Plot No. 145, Phase II, GIDC, Vatva, Ahmedabad - 382445, Gujarat, India

 

 

Factory 4 :

Inorganic Chemicals

 

Monochem Industries C1/372, Phase II, GIDC Vatva, Ahmedabad - 382445, Gujarat, India

 

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.