MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

FIVE STAR MARINE EXPORTS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CHEF02142A

 

 

PAN No.:

[Permanent Account No.]

AAACF3541N

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing and Processing of Sea Foods.

 

 

Products/ Services :

ITC Code No.

 

Product Description

03061311

Manufacturing and Processing of Sea Foods.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         HDFC Bank Limited

HDFC Bank House, Senapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India

 

·         IDBI Bank Limited

IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG-TERM BORROWINGS

 

 

Term loan from Banks

324.068

408.131

 

 

 

Total

 

324.068

408.131

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Abraham and Philip

Chartered Accountants

Address :

No.6, 3rd Street, Railway Colony, Chennai – 600029, Tamilnadu, India

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

AAAPP7692M

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2013

 

Names of Shareholders

No. of Shares

 

Percentage of Holding

K. Eravikumar

100000

50.00

K.R. Shaashi

100000

50.00

 

 

 

Total

 

200000

100.00

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2013

31.03.2012

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

20.000

20.000

(b) Reserves & Surplus

 

207.240

194.375

(c) Money received against share warrants

 

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

 

0.000

0.000

Total Shareholders’ Funds (1) + (2)

 

227.240

214.375

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

324.068

408.131

(b) Deferred tax liabilities (Net)

 

0.000

0.155

(c) Other long term liabilities

 

8.973

0.000

(d) long-term provisions

 

0.000

0.000

Total Non-current Liabilities (3)

 

333.041

408.286

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

0.000

0.000

(b) Trade payables

 

137.457

68.676

(c) Other current liabilities

 

1.566

0.786

(d) Short-term provisions

 

7.411

2.014

Total Current Liabilities (4)

 

146.434

71.476

 

 

 

 

TOTAL

 

706.715

694.137

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

121.466

111.628

(ii) Intangible Assets

 

0.000

0.000

(iii) Capital work-in-progress

 

0.000

0.000

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

0.001

0.001

(c) Deferred tax assets (net)

 

0.210

0.000

(d)  Long-term Loan and Advances

 

0.000

0.000

(e) Other Non-current assets

 

0.000

0.000

Total Non-Current Assets

 

121.677

111.629

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

324.112

315.364

(c) Trade receivables

 

217.826

215.153

(d) Cash and cash equivalents

 

21.300

38.106

(e) Short-term loans and advances

 

21.800

13.885

(f) Other current assets

 

0.000

0.000

Total Current Assets

 

585.038

582.508

 

 

 

 

TOTAL

 

706.715

694.137

 

 

SOURCES OF FUNDS

 

 

 

31.03.2011

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

 

20.000

2] Share Application Money

 

 

0.000

3] Reserves & Surplus

 

 

189.998

4] (Accumulated Losses)

 

 

0.000

NETWORTH

 

 

209.998

LOAN FUNDS

 

 

 

1] Secured Loans

 

 

279.919

2] Unsecured Loans

 

 

0.500

TOTAL BORROWING

 

 

280.419

DEFERRED TAX LIABILITIES

 

 

0.630

 

 

 

 

TOTAL

 

 

491.047

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

96.470

Capital work-in-progress

 

 

0.000

 

 

 

 

INVESTMENT

 

 

0.001

DEFERREX TAX ASSETS

 

 

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

 
 
219.114

 

Sundry Debtors

 
 
196.797

 

Cash & Bank Balances

 
 
22.555

 

Other Current Assets

 
 
16.375

 

Loans & Advances

 
 
31.044

Total Current Assets

 
 
485.885

Less : CURRENT LIABILITIES & PROVISIONS

 
 
 

 

Sundry Creditors

 
 
87.521

 

Other Current Liabilities

 
 
1.385

 

Provisions

 
 
2.403

Total Current Liabilities

 
 
91.309

Net Current Assets

 
 
394.576

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

0.000

 

 

 

 

TOTAL

 

 

491.047

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Export Sales

698.311

718.346

622.750

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

33.118

16.088

14.695

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

12.249

9.407

6.413

 

 

 

 

 

 

PROFIT BEFORE TAX

20.869

6.681

8.282

 

 

 

 

 

Less

TAX                                                                 

NA

NA

NA

 

 

 

 

 

 

PROFIT AFTER TAX

NA

NA

NA

 

 

 

 

 

 

Earnings Per Share (Rs.)

NA

NA

NA

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Exist

 

LITIGATION DETAILS

 

CHENNAI COURT
CASE STATUS INFORMATION SYSTEM

 

Case Status:

Pending

Status Of:

CIVIL MISC. APPEAL

Case No.:

3169

Year :

2009

Petitioner :

COMMISSIONER OF CUSTOMS

Respondent :

M/S FIVE STAR MARINE EXPORTS

Pet's Advocate :

M/S. E.VIJAY ANAND

Res's Advocate :

 

Category :

Central Excises and Salt Act, 1944 (1 of 1944)

 

Last Listed on: No Date Mentioned

Case Updated on :

Nov 16 2009

Connected Application(s)

Application Type

Application Number

Application Year

MP

1

2009

No Connected Matter(s)

 

 

 

RBI DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

No.55, Venkatesa Street, Chintadripet, Chennai – 600002, Tamilnadu, India

Tel. No.:

91-44-28451475/ 28546387/ 28521475

Fax No.:

91-44-28451480/ 28535386

E-Mail :

pvijayaraj@yahoo.com

 

 

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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.