MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ARISTON AGENCY PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CHEA13281C

 

 

PAN No.:

[Permanent Account No.]

AADCA7694N

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

25 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and importer of iron and steel sheets.

 

 

Imports :

 

Products :

Raw Material

Countries :

·         Japan

·         South Korea

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

·         A-Del Trading co Limited

·         ADS Trading company

·         Agathyaz Traders

·         Aishwarya Traders

·         Apsar Steels

·         A.R.Enterprises

·         Asfar Steel

·         A.V.M. Enterprises

·         B.N. Enterprises

·         Chiling steel Limited

·         Daga Steel Suppliers

·         Dhanu Steels

·         Dharani Metals

·         Eashwar Traders

·         Emerald Trading

·         Emphire enterprises

·         F.E.Material INC

·         Future Mittal Trade Link

 

 

Customers :

·         Arudra exim trade

·         Agathyaz enterprises

·         Aishwarya traders

·         Alpha Industries

·         AMS Trading Company

·         A.N enterprises

·         Baseer and co

·         Basha and co

·         Boomi Balaga steels

·         Boomi Balaga steel traders

·         Eletropoint Industries

·         Future mittal trade link

·         F.E. Material Inc

·         Gayathri steels

·         Happy Steels

·         Harine steels

·         Jai rama raghavaa steels

·         JEE joshi trade corporation

·         Kamal steels corporation

 

 

No. of Employees :

25 (Approximately)

 

 

Bankers :

IDBI Bank Limited, 37, P. M. Towers, Greams Road, Chennai - 600006, Tamilnadu, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Short Term Borrowings

 

 

Syndicate bank-car loan

0.377

0.458

Bank OD a/c

41.989

34.807

Standard Chartered bank term loan

0.000

2.220

Total

42.366

37.485

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Short Term Borrowings

 

 

Atchaya Advertisement

0.800

0.800

Prabavathy

0.085

0.085

Rafiq Ahamed Loan a\c

0.550

0.550

Bajaj auto finance

2.155

0.000

R.Ramesh loan

1.490

0.000

Standard chartered bank term loan

1.159

0.000

Noratan Mal Jain

0.560

0.560

Prem Kanwar Jain

0.825

0.504

Pushpa P.Jain

0.672

0.672

Sarala K.Jain

0.616

0.616

Ujjaval

0.258

0.250

Chakkaravarthy chits

0.350

0.000

Abhay Mal Jain

0.672

0.672

Badalchand Jain(HUF)

0.616

0.616

B.Kisthur Chand Jain

0.984

0.448

Chian Mal Jain

0.825

0.504

Goutham Chand Kothari (HUF)

0.560

0.560

Gyan Kanwar Jain

0.560

0.560

Inder Chand Katariya

0.258

0.250

Mahaveer Chand Kothari

1.049

0.728

Rathnlal Kothari

0.643

0.000

Mahaveer Chand Kothari (HUF)

0.871

0.336

M S Vista

0.500

0.000

Total

17.058

8.711

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

V Senthilnathan and Company

Chartered Accountants

Address :

No. 113/14, G. P. Road, II Floor, Laxmi Arcade, Chennai - 600002, Tamilnadu, India

PAN No.:

AARFS1634D

 

 

MAJOR SHAREHOLDERS

 

As on 30.09.2013

 

Names of Shareholders

 

No. of Shares

R. Ramesh

 

775000

R. Suresh

 

295000

K. Shobana

 

510000

D. Jayakandan

 

60000

E. A.Krishnan

 

60000

F. Ravindran

 

50000

Total

 

1750000

 

 

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

17.500

10.000

5.000

(b) Reserves & Surplus

6.305

4.874

3.654

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.212

7.712

4.800

Total Shareholders’ Funds (1) + (2)

24.017

22.586

13.454

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

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)

0.000

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

59.424

46.196

40.252

(b) Trade payables

216.938

108.773

66.675

(c) Other current liabilities

2.011

0.844

1.378

(d) Short-term provisions

0.375

0.375

0.250

Total Current Liabilities (4)

278.748

156.188

108.555

 

 

 

 

TOTAL

302.765

178.774

122.009

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.660

0.886

0.332

(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

0.000

0.000

0.000

(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

0.111

0.090

0.146

Total Non-Current Assets

0.771

0.976

0.478

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

118.104

52.411

34.421

(c) Trade receivables

164.981

111.857

84.170

(d) Cash and cash equivalents

0.780

6.108

0.481

(e) Short-term loans and advances

6.202

4.185

2.448

(f) Other current assets

11.927

3.237

0.011

Total Current Assets

301.994

177.798

121.531

 

 

 

 

TOTAL

302.765

178.774

122.009

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

400.315

378.422

335.944

 

 

Other Income

 

 

 

 

 

TOTAL                                    

400.315

378.422

335.944

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

397.823

376.037

313.897

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

397.823

376.037

313.897

 

 

 

 

 

 

PROFIT BEFORE TAX               

2.492

2.385

22.047

 

 

 

 

 

Less

TAX                                                                 

1.062

1.165

20.079

 

 

 

 

 

 

PROFIT AFTER TAX                            

1.430

1.220

1.968

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.82

1.22

4.41

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (29)

 

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 :

Shop No.307, Plaza Centre, 129, G. N. Chetty Road, Thousand Lights, Chennai - 600006, Tamilnadu, India

Tel. No.:

91-44-28222122

Fax No.:

91-44-28222133

E-Mail :

aristonagency@yahoo.co.in

aristonagency@yahoo.co.in

Area :

200 sq. ft.

Location :

Owned

 

 

Warehouse :

Mani Phudu Nagar, Mingur Road, Chennai – 600103, Tamilnadu, 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.