MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

INA INDIA LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Information declined by the management

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Polyester Resins, Formaldehyde/ Urea Formaldehyde/ Melamine Formaldehyde.

 

 

Products :

ITC code

Description of product

29121100

Formaldehyde

 

PRODUCTION STATUS (AS ON 31.03.2012)

 

Particulars

Unit

Actual Production

Formaldehyde

Kg

17223885

Polyster Resin GR-A

Kg

107039

 

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management

 

 

Bankers :

·         ING Vysya Bank Limited, Foundation House No.- 40, 2nd Main Road, 2nd Floor,

·         CKC Garden Near Mission Road,, Bangalore - 560027, Karnataka, India

·         Karnataka State Finanicial Corporation, 1/1 Thimmiah Road, Near Contonment Railway Station, Bengaluru - 560052, Karnataka, India

·         Union Bank of India, No.1003, 9th Main, 7th Sector, HSR Layout, Bangalore - 560102, Karnataka, India

·         Small Industrial Development Bank of India, 5-Floor; East Wing; Khanji Bhavan, Race Cource Road, Bangalore - 560001, Kerala, India

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Long-term Borrowings

 

 

Other loans and advances

11.062

15.558

Term loans from others

0.000

19.212

Term loans from banks

0.000

15.842

Term loans from others

28.505

0.000

Short-term borrowings

 

 

Working capital loans from banks

82.745

0.000

Working capital loans from banks

0.000

63.243

Total

122.312

113.855

 

 

 

Unsecured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Long-term Borrowings

 

 

Other loans and advances, others

40.745

16.587

Total

40.745

16.587

 

 

 

Banking Relations :

 

 

 

Financial Institute:

Ge Capital Transportation Financial Services Limited, Unk Road Jungpura, New Delhi - 110014, Delhi, India

 

 

Auditors :

 

Name :

Kannan and Alamelu

Chartered Accountants

Address :

Flat No 6, First Floor,  A Block, Durgamba Apartments, 29 Padmavathiar Road, Gopalapuram, Chennai – 600086, Tamilnadu, India

PAN No.:

AAEFK5856A

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 20.03.2013

 

Names of Shareholders

 

No. of Shares

 

 

 

Neeraj Chhabra

 

3700593

Ina Chhabra

 

1141514

Prem Prakash Chhabra

 

500

Aseem Chhabra

 

407193

Rajan Chhabra

 

100

Usha Rani

 

50

Bussan Metha

 

50

Total

 

5250000

 

 

 

 

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

52.500

49.000

31.000

(b) Reserves & Surplus

(0.912)

(5.435)

(5.636)

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

3.500

0.000

Total Shareholders’ Funds (1) + (2)

51.588

47.065

25.364

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

80.313

67.199

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

76.563

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

80.313

67.199

76.563

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

82.745

63.243

59.584

(b) Trade payables

79.162

33.720

17.409

(c) Other current liabilities

11.514

12.285

5.421

(d) Short-term provisions

1.568

0.807

0.807

Total Current Liabilities (4)

174.989

110.055

83.221

 

 

 

 

TOTAL

306.890

224.319

185.148

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

87.592

81.219

64.149

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.143

1.947

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

3.045

3.772

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

90.780

86.938

64.149

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

109.182

60.942

61.640

(c) Trade receivables

56.443

39.142

24.099

(d) Cash and cash equivalents

2.812

2.392

2.031

(e) Short-term loans and advances

4.406

4.712

5.334

(f) Other current assets

43.267

30.193

27.895

Total Current Assets

216.110

137.381

120.999

 

 

 

 

TOTAL

306.890

224.319

185.148

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Income

394.049

218.879

135.856

 

Other Income

0.543

1.514

1.984

 

TOTAL (A)

394.592

220.393

137.840

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

307.068

170.857

95.985

 

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

(1.803)

(0.489)

(0.688)

 

Employees benefits expense

2.510

3.841

2.937

 

Other expenses

47.171

25.603

23.234

 

TOTAL (B)

354.946

199.812

121.468

 

 

 

 

 

Less

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

39.646

20.581

16.372

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

18.116

13.237

10.733

 

 

 

 

 

 

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

21.530

7.344

5.639

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

15.045

6.826

3.734

 

 

 

 

 

 

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

6.485

0.518

1.905

 

 

 

 

 

Less

TAX (I)

1.962

0.317

1.107

 

 

 

 

 

 

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

4.523

0.201

0.798

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1.00

0.09

0.69

 

 

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 DEFAULTERS’ LIST STATUS

 

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

 

LOCATIONS

 

Registered Office :

B-10, Manasarovar Building, 90, Nehru Palace, New Delhi – 110019, India

Tel. No.:

Not Available

Mobile No.:

91-9164210153 (Mr. Dinesh Kumar)

Fax No.:

Not Available

E-Mail :

neerajchh@gmail.com

Website :

http://www.inaindia.co.in

 

 

Corporate Office/ Administrative Office :

No. 14 13th Cross, 6th Sector, HSR Layout, Bangalore – 560034, Karnataka, India

Tel. No.:

91-80-25720753 / 54

Fax No.:

91-80-25720100/ 755

E-Mail :

neerajchh@gmail.com

 

 

Factory 1 :

Plot No.45, PI, KIADB Industrial. Area, Hoskote – 562114, Bangalore, Karnataka, India

E-Mail :

inaindia_ltd@dataone.in

Area :

2000 Sq. ft.

Location :

Owned

 

 

Factory 2 :

No.116, 3rd Cross Street, Kumaran Nagar, Peruvallur, Chennai - 600 082, Tamilnadu, India

E-Mail :

jkchemy@gmail.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.