MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

MIL INDIA LIMITED

 

 

Formerly Known As :

MAZZINDIA PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Equipments for Soaps, Detergent, Fatty Acid and Glycerin.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         Canara Bank

36-37, Community Centre, East of Kailash, New Delhi - 110065, Delhi, India

 

·         Small Industries Development Bank of India

SIDBI Tower, 15 Ashok Marg, Lucknow - 226001, Uttar Pradesh, India

 

·         Axis Bank Limited

·         ICICI Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG-TERM BORROWINGS

 

 

Term Loans

From Banks

Axis Bank (Car Loan)

0.064

0.790

From Financial Institution

Small Industries Development Bank of India ("SIDBI")

10.255

10.085

SHORT TERM BORROWINGS

 

 

Term Loan

Axis Bank (Car Loan)

0.726

0.653

Canara Bank (Packing Credit Loan)

0.000

19.343

From Financial Institution

Small Industries Development Bank of India ("SIDBI")

3.000

2.000

Working capital loan repayable on demand

(Canara Bank-Cash Credit)

16.721

19.867

 

 

 

Total

 

30.766

52.738

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Mishra Sahu Jain and Associates

Chartered Accountants

Address :

27, Akbar Road, New Delhi – 110001, India

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

AAJFM9630P

 

 

Enterprises of Key Management Personnel :

Pangeaneering Services

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.08.2013

 

Names of Shareholders

 

No. of Shares

 

K. S. Krishnan

 

50000

Lalita Krishnan

 

50000

Shridhar Krishnan

 

516239

S. Ram Mohan

 

2000

Shravan Krishnan

 

500

Shruti Krishnan

 

500

S. R. Binyani

 

2000

Punam Krishnan

 

335789

 

 

 

Total

 

 

957028

 

 

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

9.570

9.295

12.295

(b) Reserves & Surplus

263.772

209.840

214.919

(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)

273.342

219.135

227.214

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

10.319

10.875

0.000

(b) Deferred tax liabilities (Net)

1.014

1.435

1.664

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

11.333

12.310

1.664

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

20.447

41.863

47.691

(b) Trade payables

53.239

62.285

44.080

(c) Other current liabilities

160.514

123.365

51.234

(d) Short-term provisions

51.130

27.182

34.884

Total Current Liabilities (4)

285.330

254.695

177.889

 

 

 

 

TOTAL

570.005

486.140

406.767

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

70.624

75.772

61.155

(ii) Intangible Assets

6.295

2.659

3.988

(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

0.000

2.500

2.500

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

1.439

1.439

1.439

(e) Other Non-current assets

36.667

45.563

0.000

Total Non-Current Assets

115.025

127.933

69.082

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

131.265

115.562

93.845

(c) Trade receivables

104.526

69.645

84.517

(d) Cash and cash equivalents

165.698

133.889

134.275

(e) Short-term loans and advances

51.648

37.366

23.496

(f) Other current assets

1.843

1.745

1.552

Total Current Assets

454.980

358.207

337.685

 

 

 

 

TOTAL

570.005

486.140

406.767

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from Operations

615.689

438.693

422.039

 

 

Other Income

29.716

25.741

14.099

 

 

TOTAL                                     (A)

645.405

464.434

436.138

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

288.203

245.381

228.485

 

 

Purchases of Stock-in-Trade

69.055

16.992

12.636

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(12.638)

(24.071)

(12.072)

 

 

Employees benefits expense

105.454

86.893

74.938

 

 

Other expenses

111.246

103.736

86.862

 

 

Exceptional Items - Amalgamation Expense

0.761

0.000

0.000

 

 

TOTAL                                     (B)

562.081

428.931

390.849

 

 

 

 

 

Less

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

83.324

35.503

45.289

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

5.663

5.982

2.208

 

 

 

 

 

 

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

77.661

29.521

43.081

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

11.713

9.658

10.121

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

65.948

19.863

32.960

 

 

 

 

 

Less

TAX                                                                  (H)

13.535

4.902

9.542

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

52.413

14.961

23.418

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

349.808

340.671

240.719

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

2.662

14.787

24.585

 

 

Stores & Spares

0.000

0.000

4.854

 

TOTAL IMPORTS

2.662

14.787

29.439

 

 

 

 

 

 

Earnings Per Share (Rs.)

56.36

15.97

19.05

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular 

 

 

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 :

Unit No.3, F/307, Mamram East Plaza, Plot No. C-1 and 2, LSC Block G, Kondli Gharoli, Delhi – 110096, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

skcs74@yahoo.com

accounts@milindia.in

leo@milindia.in

sales@milindia.in

Website :

http://www.milindia.com

 

 

Factory 1 :

W- 31, Sector-XI, Noida - 201301, Uttar Pradesh, India

Tel. No.:

91-120-4766100

Fax No.:

91-120-2553342 / 2542103

E-Mail :

mail@milindia.in

 

 

Factory 2 :

Plot No. 60-63, Sector 5, IIE Ranipur, BHEL, Haridwar, Uttaranchal, India

 

 

 

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.