MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
APA
ENGINEERING PRIVATE LIMITED (w.e.f. 24.09.2009) |
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Formerly Known
As : |
AUTOPARTSASIA
PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEA07079C |
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PAN No.: [Permanent Account No.] |
AACCA9455C |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Information declined by the Management. |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in business of development and maintenance of
software, internet websites and database information. |
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Products/ Services : |
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GENERAL INFORMATION
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No. of Employees : |
Information declined by the Management. |
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Bankers : |
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HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai – 400 013, Maharashtra, India ·
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of
India, Dr. Annie Besant Road, Worli,, Mumbai – 400 018, Maharashtra, India · ICICI Bank Limited, No.110, Nungambakkam High Road, , Chennai – 600 034, Tamilnadu, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Annamalai Associates Chartered Accountants |
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Address : |
No.10, Nagarjuna Nagar, II Street, Kodambakkam, Chennai – 600 024, Tamilnadu, India |
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Tel. No.: |
91-44-24812498/ 23723511 |
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E-Mail : |
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PAN No.: |
AAAFA5252C |
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Holding Company : |
Take Solutions
Limited, India CIN No.: L63090TN2000PLC046338 |
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Subsidiary Company : |
RPC Power India
Private Limited, India CIN No.: U34300TN2002PTC049905 |
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Fellow Subsidiary Company : |
TAKE 10 Solutions Private
Limited, India CIN
No.: U72900TN2012PTC083892 |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
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Names of Shareholders |
No. of Shares |
% of Holding |
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K. Ramakrishnan |
10883 |
20.97 |
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K. Vaidyanathan |
10883 |
20.97 |
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Take Solutions Limited, India |
30128 |
58.06 |
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Total
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51894 |
100.00 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1) Shareholders' Funds |
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(a) Share Capital |
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0.519 |
0.519 |
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(b) Reserves & Surplus |
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60.403 |
59.877 |
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(c) Money received against share warrants |
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0.000 |
0.000 |
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(2) Share Application money pending allotment |
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0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
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60.922 |
60.396 |
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(3) Non-Current
Liabilities |
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(a) Long-term borrowings |
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0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
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1.694 |
1.345 |
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(c) Other long
term liabilities |
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0.000 |
0.000 |
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(d) Long-term
provisions |
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1.050 |
0.810 |
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Total Non-current
Liabilities (3) |
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2.744 |
2.155 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
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0.000 |
0.000 |
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(b)
Trade payables |
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74.202 |
76.762
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(c)
Other current liabilities |
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1.189 |
0.650
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(d) Short-term
provisions |
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1.289 |
0.230
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Total Current
Liabilities (4) |
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76.680 |
77.642 |
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TOTAL |
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140.346 |
140.193 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i)
Tangible assets |
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24.131 |
16.259 |
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(ii)
Intangible Assets |
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1.951 |
1.389 |
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(iii)
Capital work-in-progress |
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0.000 |
0.000 |
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(iv)
Intangible assets under development |
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0.000 |
0.000 |
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(b) Non-current Investments |
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0.025 |
0.025 |
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(c) Deferred tax assets (net) |
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0.000 |
0.000 |
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(d) Long-term Loan and Advances |
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1.572 |
0.279 |
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(e) Other
Non-current assets |
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0.000 |
0.000 |
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Total Non-Current
Assets |
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27.679 |
17.952 |
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(2) Current assets |
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(a)
Current investments |
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1.600 |
1.600 |
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(b)
Inventories |
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5.197 |
4.577
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(c)
Trade receivables |
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84.491 |
91.723
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(d) Cash
and cash equivalents |
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9.664 |
16.354
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(e)
Short-term loans and advances |
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11.715 |
7.987 |
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(f)
Other current assets |
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0.000 |
0.000 |
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Total
Current Assets |
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112.667 |
122.241 |
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TOTAL |
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140.346 |
140.193 |
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SOURCES OF FUNDS |
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31.03.2011 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.519 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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55.524 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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56.043 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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56.043 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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16.627 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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1.625 |
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DEFERRED TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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9.957
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Sundry Debtors |
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100.814
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Cash & Bank Balances |
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9.545
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Other Current Assets |
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0.000 |
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Loans & Advances |
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4.377
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Total
Current Assets |
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124.693 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Sundry Creditors |
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85.429
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Other Current Liabilities |
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0.640
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Provisions |
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0.833
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Total
Current Liabilities |
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86.902 |
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Net Current Assets |
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37.791
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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56.043 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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419.690 |
392.474 |
377.919 |
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Other Income |
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TOTAL (A) |
419.690 |
392.474 |
377.919 |
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Less |
EXPENSES |
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414.206 |
383.025 |
366.007 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
414.206 |
383.025 |
366.007 |
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Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.484 |
9.449 |
11.912 |
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Less |
INTEREST (D) |
0.000 |
0.000 |
0.000 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.484 |
9.449 |
11.912 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.893 |
1.451 |
1.407 |
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PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
3.591 |
7.998 |
10.505 |
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Less |
TAX (H) |
3.065 |
3.645 |
0.063 |
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PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
0.526 |
4.353 |
10.442 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Sales |
379.942 |
364.552 |
85.311 |
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Service Income |
37.805 |
26.880 |
5.811 |
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TOTAL EARNINGS |
417.747 |
391.432 |
91.122 |
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Earnings /
(Loss) Per Share (Rs.) |
10.14 |
83.88 |
201.22 |
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FINANCIAL RESULTS:
During the year ended March
31, 2013 the Gross Income of the Company, was Rs.419.690 millions as compared
to last year’s Income of 392.474 millions. Profit After tax was 0.526 million
as compared to corresponding profit of Rs.4.353 millions in the previous year.
The Profit was less in 2012-13 compare to 2011-12 due to setting up of
engineering service division. The Directors are confident of achieving better
result in the ensuing financial years.
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
E7 to E10, Gem and Jewellery Complex, Phase-1, MEPZ-SEZ, Tambaram, Chennai
– 600 045, Tamilnadu, India |
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Tel. No.: |
91-44-22622828/ 2929/ 3939/ 42922800 |
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Fax No.: |
91-44-22623838 |
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E-Mail : |
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Website : |
Note:
The registered office of the company has been shifted from Unit No.1, Gem and
Jewellery Complex, Phase-I, MEPZ-SEZ, Tambaram, Chennai – 600 045, Tamilnadu to
present address w.e.f. 28.10.2009.
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.