MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

IMS MERCANTILES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELI03975G

 

 

PAN No.:

[Permanent Account No.]

AABCI1382D

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

150 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of Rechargeable Batteries, Digital Video and Other Electronics Products.

 

 

Exports :

 

Products :

Electronic Products

Countries :

·         Hongkong

·         China  

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers, Retailers and End Users

 

 

No. of Employees :

150 (Approximately)

 

 

Bankers :

·         Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi - 110002, India

 

·         State Bank of Mysore, Industrial Finance Branch, 15-17, Shaheed Bhagat Singh Marg, New Gole Market, New Delhi - 110001, India

 

·         Bank of India, New Delhi Overseas Branch, Vijaya Building, 17-Barakhamba Road, New Delhi - 110001, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term Loan - From banks

 

 

ICICI Bank Limited (Swift)

0.000

0.178

ICICI Bank Limited (Swift)

0.451

0.781

Kotak Mahindra Limited (Micra)

0.000

0.063

TATA Capital Car Loan (Cruze)

0.685

0.882

 

 

 

SHORT TERM BORROWINGS

 

 

Loans Repayable on Demands - From banks

 

 

Cash Credit with Axis Bank Limited

45.236

67.296

Total

46.372

69.200

 

 

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Other Loans and advances

 

 

Loans repayable On demand from others

15.442

12.078

Total

15.442

12.078

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Deepak Bansal

Chartered Accountant

Address :

201/8, Sushma Tower, Central Market, D-Block, Prashant Vihar, Rohini, Delhi – 110085, India

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

AKCPB3186C

 

 

Sister Concern :

IMS Builders and Developers Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

 

Names of Shareholders

 

No. of Shares

Percentage of Holding

Amit Saraf

341920

18.19%

Deepak Saraf

127710

6.80%

Vijay Saraf Karta of Vijay Amit & Deepak HUF

31000

1.65%

Vijay Saraf Karta of Vijay Kusum & Deepak HUF

31000

1.65%

Anita Saraf

606520

32.27%

Shalu Saraf

77750

4.14%

Simi Saraf

84500

4.50%

Swati Saraf

26200

1.39%

Megha Saraf

79250

4.22%

Vijay Saraf

94250

5.02%

Savita Bansal

94000

5.00%

Suresh Bansal

75000

3.99%

Kusum Lata Sharaf

77000

4.10%

Ankit Sharaf

68250

3.63%

Amit Saraf HUF

22500

1.20%

Neelam Saria

17500

0.93%

Preeti Saraf

10000

0.53%

Divya Bansal

15000

0.80%

Total

1879350

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

18.394

16.304

14.104

(b) Reserves & Surplus

37.013

29.771

23.278

(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)

55.407

46.075

37.382

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

16.578

13.982

14.586

(b) Deferred tax liabilities (Net)

1.393

1.169

0.898

(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)

17.971

15.151

15.484

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

45.236

67.296

33.397

(b) Trade payables

67.766

17.801

31.054

(c) Other current liabilities

13.075

8.070

3.062

(d) Short-term provisions

4.949

3.951

5.505

Total Current Liabilities (4)

131.026

97.118

73.018

 

 

 

 

TOTAL

204.404

158.344

125.884

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

18.506

18.693

17.780

(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

0.094

0.094

0.094

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

1.424

1.504

1.325

Total Non-Current Assets

20.024

20.291

19.199

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

107.417

90.378

60.170

(c) Trade receivables

50.311

36.250

33.589

(d) Cash and cash equivalents

17.273

6.392

8.196

(e) Short-term loans and advances

5.010

1.396

2.348

(f) Other current assets

4.369

3.637

2.382

Total Current Assets

184.380

138.053

106.685

 

 

 

 

TOTAL

204.404

158.344

125.884

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

 

270.238

 

 

Other Income

 

 

        NA 

 

 

TOTAL                                     (A)

352.760

282.608

 NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

334.691

266.236

NA

 

 

 

 

 

 

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

18.069

16.372

NA

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

9.199

8.964

 NA

 

 

 

 

 

 

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

8.870

7.408

 

8.135

 

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

1.351

1.164

 

0.973

 

 

 

 

 

 

 

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

7.519

6.244

7.162

 

 

 

 

 

Less

TAX                                                                  (H)

2.367

1.951

2.240

 

 

 

 

 

 

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

5.152

4.293

4.922

 

 

 

 

 

 

IMPORTS

133.877

103.884

101.636

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

2.80

2.63

3.49

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

420.000

 

 

 

 

 

Expected Sales (2014-15): Rs. 500.000 Millions

 

The above information has been parted by Mr. Sitaraman (Senior Accountant),

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (39)

 

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 DEFAULTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

704, 7th Floor, Ring Road Mall, Sector – 3, Rohini, Delhi – 110085, India

Tel. No.:

91-11-47074499/ 47074444/ 47074400

Mobile No.:

91-9910084047 (Mr. Rahul Baid)

Fax No.:

91-11-47074444/ 47074499

E-Mail :

info@imsmercantiles.in

rahul.baid.07@gmail.com

Website :

www.imsmercantiles.in

Area :

1800 sq ft

Location :

Owned

 

 

Branch Offices :

Located at:

 

·         Mumbai

·         Kolkata

·         Jaipur

·         Gujarat

 

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.