MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

PRAKASH CHEMICALS INTERNATIONAL PRIVATE LIMITED  

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BRDP01039D

 

 

PAN No.:

[Permanent Account No.]

AACCP5395A

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Information denied by management

 

 

BUSINESS DETAILS

 

Line of Business :

Trader, Exporter and Importer of Chemicals and Consumable Products.

 

 

Products :

·         Industrial Chemicals        

·         Dyestuff Intermediates     

·         Fertilizers and Agro Chemicals     

·         Minerals             

·         Paint and Ink Additives    

·         Specialty Chemicals       

·         Water Treatment Chemicals         

·         Agricultural Commodities             

·         Pharmaceutical Ingredients        

 

 

GENERAL INFORMATION

 

No. of Employees :

Information denied by management

 

 

Bankers :

Bank of Baroda,  IBB Branch, Sayajiganj, Vadodara – 390 005, Gujarat, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Short Term Borrowings

 

 

Loans repayable on demand from banks

326.908

277.050

Total

326.908

277.050

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long-term borrowings

 

 

Loans and advances from related parties

5.120

4.304

Short-term borrowings

 

 

Loans and advances from related parties

0.276

4.036

Total

5.396

8.340

 

 

 

Banking Relations :

--

 

 

Name :

C.R. Sharedalal and Company

Chartered Accountants

Address :

101-102, First Floor, Parishram 5/B, Rashmi Society, Mithakhali Six Road, Navarangpura, Ahmedabad – 380 009, Gujarat, India

PAN No.:

AAAFC6902F

 

 

Holding Company :

·         Prakash Chemicals Agencies Private Limited

 

 

Subsidiary :

·         Shah International FZE (Dubai),

·         Prakash Chemicals Europe BV ( Netherland)

 

 

Relatives of Key management personnel

·         Prakash Software Solutions Private Limited

·         Prakash Teleservices Private Limited

·         Prakash Gas Company

·         Prakash Chemicals Private Limited

 

 

MAJOR SHAREHOLDERS

 

As on 30.09.2013

 

Names of Shareholders

 

No. of Shares

Prakash Chemicals Private Limited, India

 

10000

Manish Shah

 

14063

Dilip K. Shah

 

14063

Prakash C. Shah

 

14062

Hitesh C. Shah

 

14062

Atul C. Shah

 

14062

Pinakin K. Shah

 

14062

Chirag P. Shah

 

14062

Hardik S. Shah

 

14066

Prakash Chemicals Agencies Private Limited, India

 

250000

Total

 

372502

 

 

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

3.725

3.725

3.725

(b) Reserves & Surplus

125.590

99.782

78.391

(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)

129.315

103.507

82.116

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

5.120

4.304

18.311

(b) Deferred tax liabilities (Net)

7.812

8.036

7.654

(c) Other long term liabilities

1.033

0.972

0.848

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

13.965

13.312

26.813

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

327.184

281.086

174.889

(b) Trade payables

71.811

86.298

114.166

(c) Other current liabilities

17.010

42.260

30.95

(d) Short-term provisions

3.823

2.675

6.88

Total Current Liabilities (4)

419.828

412.319

326.885

 

 

 

 

TOTAL

563.108

529.138

435.814

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

59.932

61.331

17.715

(ii) Intangible Assets

0.289

0.420

0.235

(iii) Capital work-in-progress

0.000

0.000

19.997

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

14.438

7.727

6.617

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2.353

2.073

5.104

(e) Other Non-current assets

3.676

7.325

11.874

Total Non-Current Assets

80.688

78.876

61.542

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

25.629

56.515

65.205

(c) Trade receivables

336.373

318.376

236.792

(d) Cash and cash equivalents

65.773

21.597

17.299

(e) Short-term loans and advances

32.224

36.599

41.130

(f) Other current assets

22.421

17.175

13.846

Total Current Assets

482.420

450.262

374.272

 

 

 

 

TOTAL

563.108

529.138

435.814

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

Income

 

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                        

2126.361

1770.560

1188.032

 

 

 

 

 

Less

EXPENSES

2081.817

1734.828

1148.205

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

44.544

35.732

39.827

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

5.297

4.759

2.289

 

 

 

 

 

 

PROFIT BEFORE TAX

39.247

30.973

37.538

 

 

 

 

 

Less

TAX                 

13.441

9.581

13.622

 

 

 

 

 

 

PROFIT AFTER TAX

25.806

21.392

23.916

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

1805.903

1436.667

948.435

 

TOTAL EARNINGS

1805.903

1436.667

948.435

 

 

 

 

 

 

Earnings Per Share (Rs.)

69.28

57.42

64.20

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

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 :

“Prakash House”, 39/40 Krishna Industrial Estate, Opposite BIDC Gorwa, Vadodara – 390016, Gujarat, India 

Tel. No.:

91-265-2774925/ 2772788 / 2773789 / 2771642/ 3926000

Fax No.:

91-265-2772992/ 3926046 / 3926122

E-Mail :

pcpl@prakashchemicals.com

manish@prakashchemicals.com

jayendra@prakashchemicals.com

harsh@prakashcemicals.com

Website :

http://www.pciplindia.com

http://www.prakashchemicals.com

Location :

Owned

 

 

Overseas Office :

Located At

 

·         UAE

·         Belgium

·         Kenya

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.