MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

H. V. METAL ARC PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Pre – Engineered Building, Roofing Solutions, Purlins and Air Ventilators etc.

 

 

Products :

·         Coated Steel Sheet

·         Pre Engineered Products

·         Galvalume Steel Air Ventilators

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         Dena bank

 

·         Bank of Maharashtra, B – 29, Connaught Place, New Delhi – 110001, Delhi, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

80.981

71.623

Total

80.981

71.623

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

RSD and Company

Chartered Accountants

Address :

106a, Apra Plaza, Plot No. 29, Road No. 44, Community Centre, Pitampura, New Delhi – 110034, Delhi, India

PAN No.:

AALFA3288M

 

 

Associates/Subsidiaries :

·         Metalwood Creations

·         H. V. Metalare Ghana Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

Harish aswal

608837

Harish aswal (HUF)

120000

Shivani saklani

355583

janavi

40000

Anu aswal

34000

Total

1158420

 

 

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

11.584

9.869

9.869

(b) Reserves & Surplus

48.685

35.571

30.624

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

6.625

11.464

2.300

Total Shareholders’ Funds (1) + (2)

66.894

56.904

42.793

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

80.981

71.623

45.094

(b) Deferred tax liabilities (Net)

3.173

2.138

0.055

(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)

84.154

73.761

45.149

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

0.000

0.000

24.901

(c) Other current liabilities

83.526

46.281

0.000

(d) Short-term provisions

3.829

0.000

19.200

Total Current Liabilities (4)

87.355

46.281

44.101

 

 

 

 

TOTAL

238.403

176.946

132.043

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

43.345

29.009

28.949

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.717

6.387

8.513

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

47.062

35.396

37.462

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

110.371

73.745

49.095

(c) Trade receivables

0.000

0.000

20.787

(d) Cash and cash equivalents

0.104

7.050

9.975

(e) Short-term loans and advances

27.996

15.593

14.724

(f) Other current assets

52.870

45.162

0.000

Total Current Assets

191.341

141.550

94.581

 

 

 

 

TOTAL

238.403

176.946

132.043

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

265.528

209.266

211.308

 

 

Other Income

12.390

16.286

16.983

 

 

TOTAL                                    

277.918

225.552

228.291

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

185.699

150.246

149.814

 

 

Employees benefits expense

18.001

15.514

13.940

 

 

Other expenses

48.811

39.011

47.277

 

 

TOTAL                                    

252.511

204.771

211.031

 

 

 

 

 

 

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

25.407

20.781

17.260

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

11.170

9.178

5.723

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

14.237

11.603

11.537

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

4.816

4.198

4.092

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

9.421

7.405

7.445

 

 

 

 

 

Less

TAX                                                                 

3.168

2.460

2.301

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

6.253

4.945

5.144

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

NA

1.458

1.751

 

TOTAL EARNINGS

NA

1.458

1.751

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

52.11

41.22

5.21

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually 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 :

E- 438 First Floor, New Ashok Nagar, Delhi – 110096, India

Tel No.:

Not Available

Mobile No.:

91-9891259161(Mr. Harish A)

Fax No.:

Not Available

E-Mail :

contact@metalarc.info

rawat@metalarc.info

Area:

1500 Sq. Ft.

Location :

Owned

 

 

Central Marketing / Corporate Office :

B- 40 A, Sector 60, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh, India

Tel. No.:

91-120-3915561/68

Fax No.:

91-120-4336871

 

 

Factory 1 :

J 30, Site – V, Surajpur Industrial Area, Kasana, Greater Noida, Uttar Pradesh, India

 

 

Factory 2 :

Plot No. P1 – P2, Site – U, Surajpur Industrial Area, Kasana, Greater Noida, Uttar Pradesh, India

 

 

Factory 3 :

45 A, Sector F, Govindpura, Industrial Area, Bhopal, Madhya Pradesh, India

 

 

Factory 4 :

C-28-29-30, Integrated Industrial Estate, Sidcul, Kotdwar, Uttarkhand, India

 

 

Overseas Office :

H. V. Metalarc Ghana Limited, P. O. Box 5263, Cantonments, Accra, Ghana

Tel. No.:

233-21812644

Fax No.:

233-21517860

 

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.