MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

GAJUMAL MULCHAND FRUIT PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AAACG3970C

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

36 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Importer and Trader of Fruits. (Fresh Fruit Commission Agent.)

 

 

Imports :

 

Products :

Fresh Fruit

Countries :

·         USA

·         Egypt

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

NGK Trading Company, Mumbai, Maharashtra, India

 

 

Customers :

IFC International, Delhi, India

 

 

No. of Employees :

36 (Approximately)

 

 

Bankers :

·         State Bank of India, Naroda Road Branch, Naroda, Ahmedabad - 380025, Gujarat, India

·         HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Short Term Borrowings

 

 

HDFC Bank Limited

(secured against hypothecation of stock, book debts, other current receivable and personal guarantee of director of the company and further secured by way of equitable mortgage of personal properties of director and relatives of director)

105.764

81.273

Jammu and Kashmir Bank – OD

(Secured against bank FD)

0.000

0.175

Total

105.764

81.448

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Short Term Borrowings

 

 

Loans from director

5.859

8.787

Loan from directors relative and friends

95.266

86.958

Total

101.125

95.745

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Khimani and Company

Chartered Accountants

Address :

222/1, Opposite Kadia Building, Rajaji Ni Pole, Shahpur, Ahmadabad – 380001, Gujarat, India

Mobile No.:

91-9374022455

Email :

caayaz_khimani2009@yahoo.co.in

PAN No.:

ASBPK1984G

E-Mail :

 

 

 

MAJOR SHAREHOLDERS

 

As on 27.09.2013

 

Names of Shareholders

 

No. of Shares

Lakhmichand Gajumal Vadhwa

Preeti Vijay Chawla

 

2760

Barkha Chandwani

Poonam Chandwani

 

100

Ramchand Gajumal HUF

Vishal Ramchand

 

1310

Hemandas Alkhdinomal

C/O. H.B. Traders

 

100

Dhiraj Ramchand HUF

Dhiraj Ramchand Vadhwa

 

1100

Kanaiyala Gajumal HUF

Srunali Kanaiyalal Vadhwa

Ansita Kanaiyalal

 

1300

Pushpa Agarwal

Abhishek Agarwal

 

10

Kishanchand Hiranand HUF

Rajni Kishanchand

Ajay Kishanchand

 

10

Rajivbhai

R. Rajiv Brothers and Company

 

80

Ashokbhai

C/o. Ashok Traders

Mamta Ajay Kundani

 

10

Vikram M. Sejani

Chandra Sejani

 

10

Ganshyam Bachubhai HUF

Ganshyam Bachubhai

 

10

Dharamdas Gidwani

Shital Gidwani

Prashant Gidwani

 

10

Lachhumal Govidndram HUF

 

10

Kamlesh Bachubhai HUF

Kamlesh Bachubhai

 

10

Gangaram Triakamdas

 

10

Renu Chandwani

Janki Chnadwani

Vinu Chandwani

 

10

Vinay Gidwani

C/o. D.V. Imports

Vinay Gidwani

Raghav Traders

 

10

Hemantkumar HUF

 

10

Satish Narayandas

 

10

Deepak Gidwani

C/o. IFC International

 

10

Ramesh P Variyani

Radhaben P. Variyani

Ramesh P. Variyani

C/o. Sanskruti A Ladies Shop

 

10

Sanjay S. Puraswani

 

10

Hundraj Govindram Devnani

Deepak Hundraj Devnani

Poonam Hundraj Devnani

 

10

Niru Gidwani

Bhavesh Gidwani

 

10

Aditi Gidwani

Kanisha Gidvani

 

10

Ramesh Gahimal

C/o. D.R. Fabric

 

10

Tolaram Jaisinghani

 

10

Ishwar T. Baksani

Poonam Bakshani

 

10

Sumit Gidwani

C/o. Gangaram Mulchand and Company

 

10

Sumit Gidwani HUF

Sumit Gidwani

 

10

Sangita Kantilal Porwal

Ratnaben Ambalal Porwal

 

10

The Ahmedabad Wholesale

Fruit Merchant Association

 

10

S. Nareshkumar

 

10

Harichand Gidwani HUF

Harichand T. Gidwani

Madhu Gidwani

 

10

Nitesh Devendas Udernani

 

10

S.K. Bhatia HUF

S.K. Bhatia

Sonia Bhatia

S.K. Bhatia HUF

C/o. M.S. Electronics

 

10

Manoj Bhatia

Yamini bhatia

 

10

Amit Gidwani HUF

Amit Gidwani

 

10

Gajumal Mulchand HUF

 

81000

Lakhmichand Gajumal HUF

 

1600

Gajumal Family Trust

Vadhwa Family Trust

Shantaben Family Trust

 

100010

Mohiniben Lakhmichand

 

1100

Ashmi Dhiraj Vadhwa

 

15000

Sunita Kanaiyalal Vadhwa

 

21100

Aartiben Ramchand Vadhwa

 

21100

Ramchand D. Chandwani

Arunkumar R. Chandwani

 

10

Ramchand Gajumal Vadhwa

 

1000

Kaniyalal Gajumal Vadhwa

 

1000

Kishanchand Devendani Udernani

 

10

Total

 

250000

 

 

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

2.500

2.500

2.500

(b) Reserves & Surplus

20.410

16.878

13.417

(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)

22.910

19.378

15.917

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.001

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.000

0.000

0.001

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

206.889

177.193

174.024

(b) Trade payables

119.848

114.340

77.260

(c) Other current liabilities

0.400

0.362

(0.103)

(d) Short-term provisions

0.656

0.499

0.000

Total Current Liabilities (4)

327.793

292.394

251.181

 

 

 

 

TOTAL

350.703

311.772

267.099

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

16.571

17.248

11.999

(ii) Intangible Assets

0.000

0.000

0.000

(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

0.005

0.005

0.005

(c) Deferred tax assets (net)

0.316

0.215

0.000

(d)  Long-term Loan and Advances

0.014

0.014

0.014

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

16.906

17.482

12.018

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

236.748

200.846

150.307

(d) Cash and cash equivalents

3.356

4.108

6.337

(e) Short-term loans and advances

868.707

85.817

94.040

(f) Other current assets

4.986

3.519

4.397

Total Current Assets

333.797

294.290

255.081

 

 

 

 

TOTAL

350.703

311.772

267.099

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Sales

 

149.700

 

 

Income from Operations

 

 

30.346

 

 

Other Income

 

 

0.087

 

 

TOTAL                                         (A)

810.423

609.507

180.133

 

 

 

 

 

Less

EXPENSES

 

 

 

Cost of Materials Consumed

 

 

 

 

 

Employee Benefits Expenses

 

 

 

 

 

Other Expenses

 

 

 

 

 

TOTAL                                         (B)

802.497

602.736

153.495

 

 

(Including

(Including

 

Less

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

Finance

Expenses)

Finance

Expenses)

26.638

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

 

 

20.295

 

 

 

 

 

 

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

7.926

6.771

6.343

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

2.753

1.985

1.133

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX (E-F)                   (G)     

5.173

4.786

5.210

 

 

 

 

 

Less

TAX                                                                  (H)

1.530

1.325

1.654

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX (G-H)                    (I)

3.643

3.461

3.556

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

6.335

2.874

1.318

 

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

0.000

0.000

2.000

 

BALANCE CARRIED TO THE B/S

9.978

6.335

2.874

 

 

 

 

 

 

IMPORT VALUE

752.871

565.827

0.000

 

 

 

 

 

 

Earnings Per Share (Rs.)

14.13

13.84

14.22

 

 

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 DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office  / Warehouse :

24, New Fruit Market Naroda Road, Ahmadabad - 380025, Gujarat, India

Tel. No.:

91-79-22204120/ 22204122

Mobile No.:

91-9879761377 (Mr. Lakhmichand Vadhwa)

91-9879761477 (Mr. Ramchand Vadhwa)

91-9879761677 (Mr. Vishal Ramchand Vadhwa)

91-9825604877 (Mr. Dhiraj Vadhwa) 

Fax No.:

91-79-22204993

E-Mail :

gm_fruits@yahoo.com

Area :

2000 Sq. Ft.

Location :

Owned

 

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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.