MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

MOHAN FABTEX LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELM13745E

 

 

PAN No.:

[Permanent Account No.]

AAECM7632H

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

10 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of Iron and Steel and a Commission Agent.

 

 

Products :

Product Descriptions

ITC Code No.

Sales of goods and commission received

99611911

 

 

Exports :

 

Products :

Metal Scrap

Countries :

·         USA

·         UK

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Customers :

End Users and Others

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :

Indian Overseas Bank, Nariman Point Branch, 'Bakhtawar', Nariman Point, Mumbai - 400021, Maharashtra, India

Tel No.: 91-22-22882889 (Ringing)

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Rupee term loans from banks

8.383

7.341

Short Term Borrowings

 

 

Rupee term loans from banks

273.462

234.581

Total

281.845

241.922

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Sharma Goel and Company

Chartered Accountants

Address :

A-47, Lower Ground Floor, Hauz Khas, New Delhi – 110016, India

Tel. No.:

91-11-26967048

Mobile No.:

91-9811078005

Fax No.:

91-11-26967365

E-Mail :

amar.mittal@sgcservices.com

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

AABFS1604B

 

 

Related Parities :

·         Span Fibres (India) Private Limited

·         Satyam Fibres (India) Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

 

 

No. of Shares

Vishal Agrawal

 

5009995

Priyanka Agarwal

 

1

Vishal Agrawal (HUF)

 

1480000

Chandratan Agrawal (HUF)

 

1

Chandratan Agarwal

 

1

Sheela Devi Agarwal

 

1

Manmohan Narayan Tumbe

 

1

Total

 

6490000

 

 

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

64.900

64.900

64.900

(b) Reserves & Surplus

44.290

34.411

14.538

(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)

109.190

99.311

79.438

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

8.383

7.341

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)

8.383

7.341

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

273.462

234.581

109.000

(b) Trade payables

0.013

167.390

5.773

(c) Other current liabilities

0.000

2.700

7.089

(d) Short-term provisions

4.768

5.230

1.448

Total Current Liabilities (4)

278.243

409.901

123.310

 

 

 

 

TOTAL

395.816

516.553

202.748

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

23.922

25.376

13.014

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

8.928

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

2.881

0.505

0.505

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.050

1.505

25.500

(e) Other Non-current assets

17.487

16.106

0.000

Total Non-Current Assets

53.268

43.492

39.019

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

10.818

213.442

4.407

(c) Trade receivables

281.774

251.956

146.833

(d) Cash and cash equivalents

0.037

0.019

0.019

(e) Short-term loans and advances

49.919

7.644

12.470

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

342.548

473.061

163.729

 

 

 

 

TOTAL

395.816

516.553

202.748

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from Operations

1971.728

1855.133

725.243

 

 

Other Income

38.819

4.049

7.018

 

 

TOTAL                                     (A)

2010.547

1859.182

732.261

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

1973.588

1806.875

690.578

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

0.000

0.000

(4.407)

 

 

Employees benefits expense

1.388

1.661

1.740

 

 

Other expenses

3.909

3.990

26.795

 

 

TOTAL                                     (B)

1978.885

1812.526

714.706

 

 

 

 

 

 

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

31.662

46.656

17.555

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

14.470

14.538

1.508

 

 

 

 

 

 

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

17.192

32.118

16.047

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.544

1.856

1.596

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

14.648

30.262

14.451

 

 

 

 

 

Less

TAX                                                                  (H)

4.769

10.389

5.161

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

9.879

19.873

9.290

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

0.000

1.331

0.000

 

 

TOTAL

0.000

1.331

0.000

 

 

 

 

 

 

Earnings Per Share (Rs.)

1.52

3.06

1.43

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

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 DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

A-47, Lower Ground Floor, Hauz Khas, New Delhi – 110016, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

abhishek@mohanfabtex.com

companylaw@sgcservices.com

Website :

www.mohanfabtex.com

Location :

Owned

Locality :

Commercial

 

 

Head/ Corporate Office :

97, Maker Chamber III, Nariman Point, Mumbai – 400021, Maharashtra, India

Tel. No.:

91-22-40274007/ 40274027

Fax No.:

91-22-40274037

E-Mail :

vishal@mohanfabtex.com

 

 

Sales Office :

109, Loha Bhavan, 93, P.D Mello Road, Carnac Bunder Mumbai – 400009, Maharashtra, India

Tel. No.:

91-22-23480901

Fax No.:

91-22-23482123

E-Mail :

info@mohanfabtex.com

 

 

Stock Yard 1 :

Plot No.1836, Kalamboli Warehousing Complex, Road No.24, Kalamboli, Navi Mumbai – 410218, Maharashtra, India

Tel. No.:

91-22-22923949

Fax No.:

91-22-22923949

 

 

Stock Yard 2 :

DCB Group Warehouse, S.No.111, Enmore Express Highway, Manjambakkam Village, Chennai – 600060, Tamilnadu, India

E-Mail :

mukesh@mohanfabtex.com

 

 

Stock Yard 3 :

Plot No.A21, AIE Balanagar, Hyderabad – 500037, Andhra Pradesh, India

Tel. No.:

91-40-23770266

Fax No.:

91-40-23770269

E-Mail :

hyd@mohanfabtex.com

 

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