MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
STANDARD RADIATORS PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS02025C |
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PAN No.: [Permanent Account No.] |
AACCS5507K |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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140 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Radiators and Heat Exchangers. |
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Products : |
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Exports : |
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Products : |
·
Radiators ·
Heat Exchangers |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash, Advance Payment and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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No. of Employees : |
140 (Approximately) |
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Bankers : |
Oriental Bank of Commerce, Fortune Towers, Ground Floor, Sayajigunj,
Vadodara – 390005, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P.J. Mankad and Company Chartered Accountants |
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Address : |
201, Labh Smruti, Bapatista Road, Ville Parle (West), Mumbai – 400056,
Maharashtra, India |
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Tel. No.: |
91-22-26152124/ 22830196 |
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Fax No.: |
91-22-22830196 |
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PAN No: |
AADPM6922E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.06.2014
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Names of Shareholders |
No. of Shares |
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Trupti P. Singh |
2259004 |
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Divakar Nandlal Shukla |
448 |
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Sumeru S. Patel |
448 |
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Vikram P. Singh |
740000 |
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Total |
2999900 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES
OF FUNDS |
31.03.2014 |
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 |
29.999 |
29.999 |
9.718 |
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(b) Reserves & Surplus |
246.286 |
215.757 |
198.500 |
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(c) Money received against share
warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds (1) + (2) |
276.285 |
245.756 |
208.218 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
3.346 |
7.846 |
12.928 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
8.753 |
6.774 |
5.535 |
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Total Non-current Liabilities (3) |
12.099 |
14.620 |
18.463 |
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(4) Current Liabilities |
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(a) Short term borrowings |
155.942 |
135.559 |
119.127 |
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(b) Trade payables |
92.157 |
58.554 |
57.856 |
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(c) Other current
liabilities |
5.333 |
7.508 |
13.761 |
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(d) Short-term provisions |
7.941 |
7.527 |
9.789 |
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Total Current Liabilities (4) |
261.373 |
209.148 |
200.533 |
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TOTAL |
549.757 |
469.524 |
427.214 |
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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 |
132.176 |
106.561 |
90.743 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
4.580 |
2.250 |
1.295 |
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(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.085 |
0.085 |
0.085 |
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(c) Deferred tax assets (net) |
3.507 |
2.859 |
1.615 |
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(d) Long-term Loan and Advances |
5.790 |
5.828 |
2.863 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
146.138 |
117.583 |
96.601 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
142.310 |
107.726 |
100.717 |
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(c) Trade receivables |
225.834 |
220.442 |
196.065 |
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(d) Cash and cash
equivalents |
0.857 |
1.567 |
3.434 |
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(e) Short-term loans and
advances |
33.743 |
21.685 |
29.973 |
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(f) Other current assets |
0.875 |
0.521 |
0.424 |
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Total Current Assets |
403.619 |
351.941 |
330.613 |
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TOTAL |
549.757 |
469.524 |
427.214 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
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845.305 |
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Other Income |
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1.525 |
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TOTAL (A) |
1048.570 |
934.768 |
846.830 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
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565.362 |
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Employee Benefits Expenses |
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49.172 |
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Other Expenses |
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848.953 |
131.720 |
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Exceptional Items |
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(0.702) |
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Changes in Inventories of Finished Goods, Work in Progress and Stock
in Trade |
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(15.294) |
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TOTAL (B) |
975.050 [Including
Financial Expenses] |
848.953 [Including
Financial Expenses] |
730.258 |
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PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
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116.572 |
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FINANCIAL
EXPENSES (D) |
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17.853 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
73.520 |
85.815 |
98.719 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
24.456 |
20.599 |
18.707 |
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PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
51.916 |
65.216 |
80.012 |
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Less |
TAX (H) |
17.876 |
22.448 |
27.628 |
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PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
34.040 |
42.768 |
52.384 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
97.906 |
70.368 |
37.020 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
10.000 |
10.000 |
10.000 |
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Interim / Proposed Dividend |
3.000 |
4.500 |
7.775 |
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Corporate Tax on Dividend |
0.510 |
0.730 |
1.261 |
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BALANCE CARRIED
TO THE B/S |
118.436 |
97.906 |
70.368 |
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EARNINGS IN
FOREIGN CURRENCY |
181.963 |
176.253 |
135.476 |
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Earnings /
(Loss) Per Share (Rs.) |
11.35 |
14.25 |
53.90 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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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 : |
Usually correct |
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Litigation : |
Not Available |
RBI DEFAILTERS’ 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/ Factory : |
1/12, Industrial Estate, Gorwa, Vadodara – 390016, Gujarat, India |
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Tel. No.: |
91-265-2280616 / 417 / 2281454 |
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Mobile No.: |
91-9898310937 (Mr. Mahesh Patel) |
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Fax No.: |
91-265-2280522 |
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E-Mail : |
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Website : |
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Location : |
Owned |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.