MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	INDIAN GREENHOUSES PRIVATE LIMITED (w.e.f .16.09.2010)
Formerly Known As :	SHRIHARI GREENHOUSES PRIVATE LIMITED
Country :	India
Financials (as on) :	31.03.2013
Legal Form :	Private Limited Liability Company
No. of Employees :	10 (Approximately)

BUSINESS DETAILS

Line of Business :	Trader of Green Houses Material.
Terms :
Selling :	L/C and Credit
Purchasing :	L/C and Credit

GENERAL INFORMATION

Suppliers :

· Iqra Steel and Tubes Private Limited

Customers :

· Varun Agro

· Royal Orchids Private Limited

· Om Sai Flora

· Jai Ambe Floriculture Park

· IFFCO (Gujarat and Uttar Pradesh)

No. of Employees :

10 (Approximately)

Bankers :

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India

· IDBI Bank Limited

· Dhanlaxmi Bank Limited

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Loans repayable on demand
From Bank
Cash Credit from IDBI Bank Limited (Secured with office premises and factory premises)	14.255	4.866
Total	14.255	4.866

UNSECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Term Loan
From Banks
Dhanlaxmi Bank Limited	1.861	2.738
HDFC Bank Limited	1.841	2.733
Magma Fincrop Limited	1.471	2.222
Religare Finvest Limited	1.552	2.284
Tata Finance Limited	0.569	1.292
Loans and Advances from Related Parties (Directors and Shareholders)
Shri Vishwas Jogdand	6.641	4.343
Mrs. Rekha Jogdand	0.064	3.061
Shri Rajkumar Devdhare	0.402	0.089
Total	14.401	18.762

Banking Relations :	--
Financial Institutions :	· Magma Fincrop Limited · Religare Finvest Limited · Tata Finance Limited
Auditors :
Name :	Dayanand Kadam and Associates Chartered Accountants
Address :	S.No.81, Vishwanath Vaibhav, Office No.1, Near Bank of Maharashtra, Parwati, Pune – 411 009, Maharashtra, India
Tel. No.:	91-20-65244003
Mobile No :	91-9881739395
PAN No.:	AGOPK9978M
Related Parties :	J. Vishwas Enterprises

MAJOR SHAREHOLDERS

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Vishwas Jogdand	141000
Rekha Jogdand	89300
Rajkumar Deodhare	4700
Total	235000

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	2.350	2.350	2.350
(b) Reserves & Surplus	17.099	13.450	9.990
(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)	19.449	15.800	12.340
(3) Non-Current Liabilities
(a) Long-term borrowings	14.401	18.762	0.000
(b) Deferred tax liabilities (Net)	0.193	0.137	0.000
(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)	14.594	18.899	0.000
(4) Current Liabilities
(a) Short term borrowings	14.255	4.866	4.438
(b) Trade payables	11.915	33.913	15.719
(c) Other current liabilities	12.017	8.241	0.332
(d) Short-term provisions	3.913	3.552	3.229
Total Current Liabilities (4)	42.100	50.572	23.718
TOTAL	76.143	85.271	36.058
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	13.392	10.737	2.159
(ii) Intangible Assets	0.023	0.038	0.000
(iii) Capital work-in-progress	0.000	0.000	6.216
(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	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	13.415	10.775	8.375
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	17.610	18.355	12.975
(c) Trade receivables	37.575	49.880	9.262
(d) Cash and cash equivalents	1.298	1.218	2.807
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	6.245	5.043	2.639
Total Current Assets	62.728	74.496	27.683
TOTAL	76.143	85.271	36.058

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	244.659	225.884	212.727
		Other Income
		TOTAL	244.659	225.884	212.727
Less	EXPENSES
		Office Expenses	239.379	220.890	208.786
		Administrative Expenses
		Advertising Expenses
		TOTAL	239.379	220.890	208.786
	PROFIT / (LOSS) BEFORE TAX		5.280	4.994	3.941
Less	TAX		1.631	1.534	1.213
	PROFIT / (LOSS) AFTER TAX		3.649	3.460	2.728
	Earnings/ (Loss) Per Share (Rs.)		15.52	14.72	11.61

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 DEFAILTERS’ LIST STATUS

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

LOCATIONS

Registered Office :	7, Namrata Commercial Centre, Talegaon-Chakan Road, Talegaon Dabhade, Taluka Maval, Pune – 410 507, Maharashtra, India
Tel. No.:	91-2114-229772/ 229773
Mobile No.:	91-9890996989 (Mr. Govind Patil)
Fax No.:	91-2114-229774
E-Mail :	shgpl@vsnl.com rajy1970@indiatimes.com info@igpl.net.in marketing@igpl.net.in accounts.sgpl@gmail.com
Area :	2000 sq. ft.
Location :	Owned

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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.