MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

PL ENGINEERING LIMITED

 

 

Formerly Known As :

SIMON CARVES INDIA LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELS31862F

 

 

PAN No.:

[Permanent Account No.]

AAKCS4126L

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

7 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

The Company is primarily engaged in the business of engineering and design consultancy services.

 

 

Products :

Item Code No. (ITC Code)

Product Description

99833220

Engineering services for industrial and manufacturing projects

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

 

GENERAL INFORMATION

 

No. of Employees :

7 (Approximately)

 

 

Bankers :

State Bank of India Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Rupee term loan from bank

7.240

13.501

 

 

 

SHORT TERM BORROWINGS

 

 

Rupee term loan from bank

241.784

194.887

 

 

 

Total

249.024

208.388

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Walker, Chandiok and Company

Chartered Accountants

Address :

21st Floor, DLF Square, Jacaranda Marg, DLF Phase II, Gurgaon - 122002, Haryana,  India

 

 

Subsidiaries :

Ř       Simon Carves Engineering Limited, United Kingdom

Ř       Punj Lloyd Engineering Pte. Limited, Singapore

 

 

Holding Company :

Ř       PUNJ-LLOYD LIMITED, India

CIN No. : L74899DL1988PLC033314

 

 

Joint Venture :

Ř       AeroEuro Engineering India Private Limited, Singapore

CIN No. : U74900DL2011PTC219149

Ř       PLE TCI Engineering Limited, Singapore

CIN No. : U74210DL2010PLC199851

 

 

Fellow Subsidiary Company :

Ř       Simon Carves Limited, UK

Ř       Punj Lloyd Pte Limited, Singapore

Ř       Punj Lloyd Kazakhstan LLP, Kazakhstan

Ř       Punj Lloyd Oil and Gas (Malaysia) Sdn Bhd, Malaysia

Ř       Simon Carves Pte Limited, Singapore

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 29.07.2013

 

Names of Shareholders (Equity Shareholders)

No. of Shares

Punj Lloyd Limited, India

4999994

Atul Punj

1

Luv Chhabra

1

Dinesh Thairani

1

Sanjay Goel

150000

FIL Capital Management Mauritius Limited, Mauritius

1066955

Fidelity India Principals, India

8045

Anupam Sharma

1

Vijay Hazari

1

Manhar Kapoor

1

 

 

Total

6225000

 

 

Names of Shareholders (Preference Shareholders)

No. of Shares

FIL Capital Management Mauritius, Mauritius

19855

Fidelity Principals, India 

150

 

 

Total

20005

 

 

 

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

262.300

262.300

262.300

(b) Reserves & Surplus

390.280

334.516

519.135

(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)

652.580

596.816

781.435

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

7.240

13.501

8.427

(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

14.710

10.951

40.067

Total Non-current Liabilities (3)

21.950

24.452

48.494

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

241.784

194.887

0.000

(b) Trade payables

116.200

130.299

88.738

(c) Other current liabilities

76.737

66.291

44.450

(d) Short-term provisions

43.197

43.829

36.516

Total Current Liabilities (4)

477.918

435.306

169.704

 

 

 

 

TOTAL

1152.448

1056.574

999.633

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

42.344

51.607

42.222

(ii) Intangible Assets

52.340

56.396

28.011

(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

13.017

12.752

110.778

(c) Deferred tax assets (net)

32.827

59.518

2.540

(d)  Long-term Loan and Advances

56.358

49.310

34.905

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

196.886

229.583

218.456

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

498.941

416.662

529.101

(d) Cash and cash equivalents

59.192

101.182

43.759

(e) Short-term loans and advances

76.145

96.255

33.925

(f) Other current assets

321.284

212.892

174.392

Total Current Assets

955.562

826.991

781.177

 

 

 

 

TOTAL

1152.448

1056.574

999.633

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

1065.402

751.196

1210.800

 

 

Other Income

27.393

41.446

25.239

 

 

TOTAL                                    

1092.795

792.642

1236.039

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Employee benefit expense

710.024

724.768

706.094

 

 

Other expenses

247.514

274.490

306.873

 

 

TOTAL                                    

957.538

999.258

1012.967

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

135.257

(206.616)

223.072

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

24.254

8.165

4.924

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

111.003

(214.781)

218.148

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

28.547

26.816

14.916

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX 

82.456

(241.597)

203.232

 

 

 

 

 

Less

TAX                                                                 

26.692

(56.978)

65.262

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

55.764

(184.619)

137.970

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

8.96

(29.66)

22.55

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

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 DEFAULTERS LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

Punj Llyod House, 17-18, Nehru Place, New Delhi – 110019, India

Tel. No.:

91-124-2620123

Fax No.:

91-124-2620111

E-Mail :

rajivdudeja@punjlloyd.com

vivek.sapra@simoncorves.com

marketing@ple.co.n 

Website :

www.ple.co.in

 

 

Corporate Office :

5-7, Udyog Vihar, Phase IV, Gurgaon – 122016, Haryana, India

Tel. No.:

91-124-4860000

Fax No.:

91-124-4860001

 

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.