MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	PRAKASH CHEMICALS AGENCIES PRIVATE LIMITED

Country :	India

Financials (as on) :	31.03.2013

PAN No.: [Permanent Account No.]	AACCP6646G

Legal Form :	Private Limited Liability Company

No. of Employees :	50 (Approximately)

BUSINESS DETAILS

Line of Business :

Trader of Chemical, Dyes and Intermediates

Products :

Item Code No. (ITC Code)	292141
Product Description	Aniline
Item Code No. (ITC Code)	291510
Product Description	Formic Acid
Item Code No. (ITC Code)	283410
Product Description	Sodium Nitrite

Exports :

Products :

Dyes and Chemical

Countries :

· Brazil

· Europe

· Egypt

· Turkey

Imports :

Products :

Dyes and Chemical

Countries :

China

Terms :

Selling :

Cash / L/C / Credit

Purchasing :

Cash / L/C / Credit

GENERAL INFORMATION

No. of Employees :

50 (Approximately)

Bankers :

· Bank of Baroda. Navayard Branch, Indulal Yagnik Trust Building Opposite Chhani Jakat Naka, Vadodara - 390002, Gujarat, India

· Axis Bank

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
Long Term Borrowing
Term Loan From Banks	3.518	8.826
Short Term Borrowing
Loan Repayable On Demand	63.825	50.636
Total	67.343	59.462

UNSECURED LOAN:

Rs. In Millions

Particular	As on 31.03.2013	As on 31.03.2012
Long Term Borrowings
Loans and Advance from Others	6.985	2.570
Loans and Advance from Directors	0.527	0.502
Short Term Borrowing
Loan Repayable on Demand From Banks	0.000	16.959
Total	7.512	20.031


Banking Relations :	---

Auditors :
Name :	C. R. Sharedalal and Company Chartered Accountants
Address :	101-102, 1st floor, Parishram, 5/B, Rashmi Society, MIthakhali Six Road,Navrangpura, Ahmedabad – 380 009, Gujarat, India
Tel. No.:	079-26446560
Fax No.:	079-26449570
E-Mail :	info@crshredalalco.com
PAN No.:	AAAFC6902F

Subsidiaries :	· Prakash Chemicals International Private Limited · Shah International FZE

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders		No. of Shares
Prakash Chunilal Shah		6250
Dilip Kumarpal Shah		4251
Atul Chandrakant Shah		6250
Pinakin Kumarpal Shah		6249
Manish Kumarpal Shah		6249
Chirag Prakash Shah		6249
Hardik Suryakant Shah		6253
Hitesh Chandrakant Shah		6249
Sudip Dilip Shah		2000
Total		50000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

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	0.500	0.500	0.500
(b) Reserves & Surplus	58.993	50.486	46.276
(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)	59.493	50.986	46.776

(3) Non-Current Liabilities
(a) long-term borrowings	11.030	11.898	9.677
(b) Deferred tax liabilities (Net)	2.514	1.892	1.167
(c) Other long term liabilities	0.037	0.037	0.037
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	13.581	13.827	10.881

(4) Current Liabilities
(a) Short term borrowings	63.825	67.595	50.966
(b) Trade payables	139.618	118.223	62.844
(c) Other current liabilities	5.448	5.227	5.894
(d) Short-term provisions	1.763	1.752	2.587
Total Current Liabilities (4)	210.654	192.797	122.291

TOTAL	283.728	257.610	179.948

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	36.848	38.484	22.745
(ii) Intangible Assets	0.781	0.187	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	7.752	7.752	7.752
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	10.672	8.702	8.373
(e) Other Non-current assets	0.487	0.457	0.418
Total Non-Current Assets	56.54	55.582	39.288

(2) Current assets
(a) Current investments	0.000	0.000	0.016
(b) Inventories	17.986	33.278	17.371
(c) Trade receivables	177.864	146.328	113.926
(d) Cash and cash equivalents	23.100	13.693	1.316
(e) Short-term loans and advances	8.238	8.729	8.031
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	227.188	202.028	140.66

TOTAL	283.728	257.610	179.948

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	1078.444	756.862	614.499
		Other Income
		TOTAL (A)	1078.444	756.862	614.499

Less	EXPENSES
		Office Expenses
		Administrative Expenses	1063.052	748.179	600.561
		Advertising Expenses
		TOTAL (B)	1063.052	748.179	600.561

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		15.392	8.683	13.938

Less	FINANCIAL EXPENSES (D)		0.000	0.000	0.000

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		15.392	8.683	13.938

Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.412	2.048	1.953

	PROFIT BEFORE TAX (E-F) (G)		12.980	6.635	11.985

Less	TAX (H)		4.472	2.425	5.322

	PROFIT AFTER TAX (G-H) (I)		8.508	4.210	6.663

	Earnings Per Share (Rs.)		17.016	8.420	13.326

Particulars

31.03.2014

Sales Turnover

1390.000

Expected Sales (2014-15) : Rs.2150.000 Millions

The above information has been parted by Mr. Ashok Patel

RATING & COMMENTS

MIRA’s Rating :

B (31)

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 :	Not Available

RBI DEFAULTERS’ 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 Estate, Opposite Gorwa BIDC, Vadodara-390016, Gujarat, India
Tel. No.:	0265-3926000
Fax No.:	0265-3926122
E-Mail :	chetan@prakashchemical.com vimal@prakashchemical.com pcapl@pcaplindia.com dilip@prakashchemicals.com pcpl@prakashchemicals.com export@prakashchemical.com
Website :	http://www.prakashchemicals.co.in http://www.pcaplindia.com
Area :	1000 Sq. ft.
Location :	Owned

Branch Office :	Located At: Ahemdabad North Gujarat Ankleshwar Bharuch Dahej Vapi Daman Silvass Saurashtra Mumbai Surat

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