MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

MECTECH PROCESS ENGINEERS PRIVATE LIMITED  

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELM09400G

 

 

PAN No.:

[Permanent Account No.]

AAACM2302E

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Water Treatment Plants and Chemical Plants Machinery.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

ICICI Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWING

 

 

Bill Purchase A/c

28.475

0.000

PCL A/c IOB

19.143

0.000

Total

47.618

0.000

 

 

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWING

 

 

From Other

5.000

5.000

Total

5.000

5.000

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

R C Kapoor and Associates

Chartered Accountant

Address :

Y-14B, First Floor, Green Park Main, New Delhi – 110016, India

Tel. No.:

91-11-46021716

Mobile No.:

91-9810208519

Fax No.:

91-11-26853854

E-Mail :

rckapoor15@yahoo.co.in

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

 

Ishwar Sahai

243600

Neera Sahai

96096

Ankur Sahai

43400

Ishwar Sahai   (HUF)

116900

Total

499996

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

5.000

5.000

5.000

(b) Reserves & Surplus

14.334

10.257

7.494

(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)

19.334

15.257

12.494

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

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)

0.000

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

52.618

5.000

1.014

(b) Trade payables

36.679

12.110

4.395

(c) Other current liabilities

73.390

81.977

105.565

(d) Short-term provisions

0.000

0.000

0.034

Total Current Liabilities (4)

162.687

99.087

111.008

 

 

 

 

TOTAL

182.021

114.344

123.502

 

 

 

 

ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

16.408

17.710

19.598

(ii) Intangible Assets

0.417

0.566

0.444

(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

0.112

0.112

0.112

(c) Deferred tax assets (net)

0.893

0.719

0.447

(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

17.830

19.107

20.601

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

30.195

18.132

36.196

(c) Trade receivables

81.581

45.594

38.025

(d) Cash and cash equivalents

16.631

20.959

16.969

(e) Short-term loans and advances

34.244

10.421

11.580

(f) Other current assets

1.540

0.131

0.131

Total Current Assets

164.191

95.237

102.901

 

 

 

 

TOTAL

182.021

114.344

123.502

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

282.876

313.664

188.410

 

 

Other Income

6.700

1.358

17.775

 

 

TOTAL                        

289.576

315.022

206.185

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

283.539

311.036

204.171

 

 

 

 

 

 

PROFIT BEFORE TAX

6.037

3.986

2.014

 

 

 

 

 

Less

TAX                                                                 

1.960

1.223

0.654

 

 

 

 

 

 

PROFIT AFTER TAX

4.077

2.763

1.360

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

8.618

5.855

4.495

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

12.695

8.618

5.855

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

198.499

91.887

17.371

 

 

Purchase import

3.136

0.000

0.000

 

 

Consultancy/ Service Income

5.345

0.000

0.000

 

TOTAL EARNINGS

206.980

91.887

17.371

 

 

 

 

 

 

Earnings Per Share (Rs.)

8.15

5.53

2.72

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (44)

 

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 :

708, Shakuntla Apartments, 59, Nehru Place, New Delhi – 110019, India

Tel. No.:

91-11-41607186

Fax No.:

91-11-41607318

E-Mail :

info@mectech.co.in

Website :

http://www.mectech.co.in

 

 

Corporate Office :

366, Phase-II, Udyog Vihar, Gurgaon – 122016, Haryana, India

Tel. No.:

91-124-4700800

Fax No.:

91-124-4700801/ 02

 

 

CHANGE OF ADDRESS

 

The Registered office address of the company has been shifted from 704-705, Shakuntala Apartments, 59, Nehru Place, New Delhi, India to present address w.e.f. 25.03.2008

 

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.

 
 


\