MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

AUTOTECH INDUSTRIES (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AABCA9902B

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Available

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Automotive Components.

 

 

Products :

ITC Code

Product Description

84831099

Crank Shafts

84099199

ICP Engine Parts

87084000

Motor Vehicle Parts

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

State Bank Of India, Commercial Branch, 232, N.S.C. Bose Road, Chennai - 600001, Tamilnadu, India

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

LONG TERM BORROWINGS

 

 

Rupee term loans from banks

65.648

107.047

SHORT TERM BORROWINGS

 

 

Term loans from banks

59.043

119.278

Other loans and advances

262.269

166.705

 

 

 

Total

386.960

393.030

 

Unsecured Loan

As on

31.03.2013

As on

31.03.2012

SHORT TERM BORROWINGS

 

 

Loans and advances from related parties

50.000

0.000

 

 

 

Total

50.000

0.000

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Thirugnanam and Company

Chartered Accountants

Address :

25/11, Bhimasena Garden Road, Mylapore, Tamilnadu, India

PAN No.:

AAAFT0403G

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

 

No. of Shares

Jeyaraman Kalakad Sundareswaraiyer

 

15000000

Shanmugam Rajarathinam

 

15000000

 

 

 

Total

 

30000000

 


 

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

300.000

300.000

150.000

(b) Reserves & Surplus

553.044

460.550

485.774

(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)

853.044

760.550

635.774

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

65.648

107.047

40.461

(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

14.592

11.970

9.047

Total Non-current Liabilities (3)

80.240

119.017

49.508

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

371.312

285.983

167.543

(b) Trade payables

192.215

215.666

194.011

(c) Other current liabilities

134.112

137.669

99.123

(d) Short-term provisions

54.100

76.348

14.856

Total Current Liabilities (4)

751.739

715.666

475.533

 

 

 

 

TOTAL

1685.023

1595.233

1160.815

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

724.813

519.542

377.811

(ii) Intangible Assets

2.935

0.558

0.878

(iii) Capital work-in-progress

0.000

61.078

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)

27.386

27.942

17.844

(d)  Long-term Loan and Advances

11.860

70.054

63.289

(e) Other Non-current assets

0.000

0.299

0.829

Total Non-Current Assets

766.994

679.473

460.651

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

156.558

180.913

152.779

(c) Trade receivables

619.791

652.519

471.498

(d) Cash and cash equivalents

1.292

0.839

1.068

(e) Short-term loans and advances

140.388

81.410

74.388

(f) Other current assets

0.000

0.079

0.431

Total Current Assets

918.029

915.760

700.164

 

 

 

 

TOTAL

1685.023

1595.233

1160.815

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Turnover (including Labour Charges received)

2093.810

2460.445

1865.371

 

Other Income

NA

NA

NA

 

TOTAL

NA

NA

NA

 

 

 

 

 

Less

TOTAL EXPENSES

NA

NA

NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

281.726

339.706

170.159

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

87.578

74.444

64.532

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

194.148

265.262

105.627

 

 

 

 

 

Less

TAX

66.556

94.902

25.329

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

127.592

170.360

80.298

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

47.928

73.152

69.062

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Transfer to General Reserve

0.000

150.000

50.000

 

Dividend

30.000

39.221

22.500

 

Tax on Dividend

5.098

6.363

3.708

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

140.422

47.928

73.152

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

1515.068

1825.049

1349.412

 

TOTAL EARNINGS

1515.068

1825.049

1349.412

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

4.25

6.52

5.35

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually 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 :

SP 114, Ambattur Industrial Estate, Chennai – 600058, Tamilnadu, India

Tel. No.:

91-44-26259151/  26520890

Fax No.:

91-44-26357827

E-Mail :

subramanian.saravanan@autotechindustries.com

autotech@md3.vsnl.net.in

Website :

http://www.autotechindustries.com

 

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