MIRA
INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUNDEK INDIA LIMITED |
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Registered
Office : |
204, Lalita Complex, Rasala Marg, Navrangpura, Ahmedabad – 380009, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.03.1983 |
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Com. Reg. No.: |
04-005945 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.001 Millions |
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CIN No.: [Company Identification
No.] |
U20299GJ1983PLC005945 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS00086C |
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PAN No.: [Permanent Account No.] |
AACCS0897A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of High Pressure Decorative Laminates (HPL). |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (13) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of a loss incurred by the company
during F.Y.2014 However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Krishna Kumar Shah |
|
Designation : |
Director |
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Contact No.: |
91-2764-278562 |
|
Date : |
06.12.2014 |
LOCATIONS
|
Registered / Head Office : |
204, Lalita Complex, Rasala Marg, Navrangpura, Ahmedabad – 380009, |
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Tel. No.: |
91-79-26426840/49/26426872/26461071/30088514 |
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Fax No.: |
91-79-26426477 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq. ft. |
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Location : |
Owned |
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Factory : |
1421, Village Rajpur, Kalol, |
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Tel. No.: |
91-2764-278562/3/4/278616/7 |
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Fax No.: |
91-2764-278561 |
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E-Mail : |
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Area : |
36000 Sq. Yards |
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Network Areas : |
·
Tel No. : 91-562-2620614 Email ID: agra@sundekintl.com ·
Tel No. : 91-80-22122047/22223547/48 Email ID: bangalore@sundekintl.com ·
Tel No. : 91-674-2534592 Email ID: bhubaneswar@sundekintl.com ·
Tel No. : 91-484-3099957 Email ID: cochin@sundekintl.com ·
Tel No. : 91-832-2420038/2228130 Email ID: goa@sundekintl.com ·
Tel No. : 91-40-24734752/55745105/55745109 Email ID: hyderabad@sundekintl.com ·
Tel No. : 91-291-2637263/2546572/2637260 Email ID: jodhpur@sundekintl.com ·
Tel No. : 91-522-2227647/2202920/3110408 Email ID: lucknow@sundekintl.com ·
Mumbai Tel No. : 91-22-55768010/8020/8040/8050 Email ID: mumbai@sundekintl.com: ·
Pune Tel No. : 91-20-6431525/6451535 Email ID: pune@sundekintl.com ·
Tel No. : 91-194-2440282/2432081/2430998 Email ID: srinagar@sundekintl.com ·
Vijaywada Tel No. : 91-866-2576441/2570583 Email ID: vijaywada@sundekintl.com ·
Ahmedabad Tel No. : 91-79-26442962/26440207 Email ID: ahmedabad@sundekintl.com ·
Bhopal Tel No. : 91-755-2576644/9300621913 ·
Chennai Tel No. : 91-44-26691691/2/3/4/26691688 Email ID: chennai@sundekintl.com ·
Delhi Tel No. : 91-11-55293408/30973240 Email ID: delhi@sundekintl.com
·
Hisar Tel No. : 91-1662-238315 Email ID: hisar@sundekintl.com ·
Indore Tel No. : 91-731-5092565/66/2368267 Email ID: indore@@sundekintl.com ·
Kolkata Tel No. : 91-33-30905193/31046348/22208733 Email ID: kolkota@sundekintl.com ·
Ludhiana Tel No. : 91-161-2444475,2448575 Email ID: udhiana@sundekintl.com ·
Nagpur Tel No. : 91-7104-224370/0712-2765439 Email ID: nagpur@sundekintl.com ·
Raipur Tel No. : 91-771-2234295 Email ID: raipur@sundekintl.com ·
Udaipur Tel No. : 91-294-2418942/2426571/3110028 Email ID: udaipur@sundekintl.com |
DIRECTORS
AS ON 20.09.2014
|
Name : |
Mr. Shashikant Sitaram Gupta |
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Designation : |
Managing Director |
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Address : |
31, Indraprastha Bunglows, Opposite Management Enclave, Vastrapur, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
08.11.1961 |
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Date of Appointment : |
01.04.2012 |
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DIN No. : |
00008798 |
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Name : |
Mr. Krishnakumar Bansidhar Shah |
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Designation : |
Whole-time Director |
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Address : |
C-3 / 23 Goyal Intercity, Drive-In Road, Thaltej, Ahmedabad – 380054, Gujarat, India |
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Date of Birth/Age : |
08.02.1945 |
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Date of Appointment : |
01.09.2013 |
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DIN No. : |
00011671 |
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Name : |
Mr. Nitinkumar Maneklal Patel |
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Designation : |
Director |
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Address : |
'Divyajyoti', Swastika Society, Navrangpura, Ahmedabad – 380009, Gujarat, India |
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Date of Birth/Age : |
20.19.1957 |
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Date of Appointment : |
30.09.2010 |
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DIN No. : |
00457516 |
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Name : |
Mr. Kantibhai Hirabhai Patel |
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Designation : |
Director |
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Address : |
26,Mahasukhnagar C H S L – 2 , 26 Prerna Tirth, Vibhag-1,Opposite Prerna Tirth Jain Derasar, Satelite, Ahmedabad – 380015, Gujarat, |
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Date of Birth/Age : |
03.09.1946 |
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Date of Appointment : |
30.09.2010 |
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DIN No. : |
02325787 |
MAJOR SHAREHOLDERS
As on 20.09.2014
|
Names of Shareholders |
No. of Shares |
|
Gupta S. Sunil |
5250 |
|
Gupta P. Pramila |
6570 |
|
Gupta S Sangita |
3750 |
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Guptas Prahlad |
450 |
|
Shashikant Gupta and Alka Gupta |
42150 |
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Gupta S. Rupal |
6000 |
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Guptas Alka |
12880 |
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Gupta S. Sunll |
750 |
|
Parikh N Devalben |
4500 |
|
Parikh N Nlravbhal |
7500 |
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Parikh N. Payalben |
3000 |
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Parikh N. Ashaben |
6000 |
|
Parikh S. Nltlnbhal |
6000 |
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Parikh N. Viral |
3000 |
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Gupta R. Manjudevi |
500 |
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Gupta S. Meenadevi |
500 |
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Agarwal Satyanarayan |
500 |
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Agarwal S. Munldevl |
500 |
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Agarwal Ramkrishna |
1500 |
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Agarwal Blmladevl |
1000 |
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Agarwal Satyanarayan |
500 |
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Shah K. Vlnlt |
600 |
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Shah K. Glrlsh |
900 |
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Krishna kumar Shah, Glrlsh k. Shah, Vlnlt K. Shah – Trustees On behalf of Usha Shah Family will Trust |
4500 |
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Shashikant Gupta |
40600 |
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Alka S Gupta |
19370 |
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Shashikant S.Gupta |
21240 |
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Total |
200010 |
As on 20.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
78.77 |
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Other top fifty shareholders |
21.23 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of High Pressure Decorative Laminates (HPL). |
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Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Naushir M Marfatia and Company Chartered Accountants |
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Address : |
1, B. Jadav Chambers, First Floor, Ashram Road, Ahmedabad – 380009,
Gujarat, India |
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Tel. No.: |
91-79-26403975 / 27546976 |
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Fax No.: |
91-79-27546667 |
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E-Mail : |
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PAN No.: |
AAEFN5051G |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 20.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
200010 |
Equity Shares |
Rs.10/- each |
Rs. 20.001 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2014 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
20.001 |
20.001 |
20.001 |
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(b) Reserves &
Surplus |
132.894 |
178.522 |
125.783 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
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|
|
|
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
152.895 |
198.523 |
145.784 |
|
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(3) Non-Current
Liabilities |
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|
|
|
(a) long-term borrowings |
35.800 |
31.339 |
47.891 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.156 |
0.952 |
7.898 |
|
(d) long-term provisions |
3.851 |
3.605 |
3.063 |
|
Total Non-current
Liabilities (3) |
41.807 |
35.896 |
58.852 |
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(4) Current Liabilities |
|
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|
(a) Short term borrowings |
94.161 |
84.186 |
75.394 |
|
(b) Trade payables |
37.571 |
33.917 |
34.943 |
|
(c) Other current
liabilities |
41.128 |
73.097 |
102.758 |
|
(d) Short-term provisions |
1.479 |
1.336 |
1.187 |
|
Total Current Liabilities
(4) |
174.339 |
192.536 |
214.282 |
|
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|
|
|
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TOTAL |
369.041 |
426.955 |
418.918 |
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II.
ASSETS |
|
|
|
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(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
34.255 |
39.170 |
46.297 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
108.200 |
102.177 |
95.047 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.001 |
0.001 |
0.001 |
|
(c) Deferred tax assets
(net) |
6.899 |
6.781 |
7.063 |
|
(d) Long-term Loan and Advances |
6.912 |
9.504 |
8.874 |
|
(e) Other Non-current
assets |
6.592 |
10.167 |
10.029 |
|
Total Non-Current Assets |
162.859 |
167.800 |
167.311 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
171.444 |
179.161 |
174.943 |
|
(c) Trade receivables |
16.343 |
37.513 |
23.290 |
|
(d) Cash and cash
equivalents |
15.631 |
39.429 |
51.262 |
|
(e) Short-term loans and
advances |
2.152 |
2.639 |
1.711 |
|
(f) Other current assets |
0.612 |
0.413 |
0.401 |
|
Total Current Assets |
206.182 |
259.155 |
251.607 |
|
|
|
|
|
|
TOTAL |
369.041 |
426.955 |
418.918 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
372.712 |
371.689 |
399.545 |
|
|
Other Income |
1.733 |
1.949 |
1.887 |
|
|
TOTAL (A) |
374.445 |
373.638 |
401.432 |
|
|
|
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|
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|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
314.158 |
282.945 |
295.818 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.471 |
(10.179) |
(7.190) |
|
|
Employees benefits
expense |
29.227 |
27.469 |
23.946 |
|
|
Other expenses |
61.835 |
55.028 |
69.042 |
|
|
TOTAL (B) |
405.691 |
355.263 |
381.616 |
|
|
|
|
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Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
(C) |
(31.246) |
18.375 |
19.816 |
|
|
|
|
|
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|
Less |
FINANCIAL EXPENSES (D) |
6.120 |
4.511 |
5.295 |
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|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(37.366) |
13.864 |
14.521 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.379 |
10.256 |
13.104 |
|
|
|
|
|
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|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
(45.745) |
3.608 |
1.417 |
|
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|
|
|
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|
Less |
TAX (H) |
(0.117) |
1.167 |
0.506 |
|
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|
|
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|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
(45.628) |
2.441 |
0.911 |
|
|
|
|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (J) |
121.361 |
118.920 |
118.008 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (I+J) |
75.733 |
121.361 |
118.919 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
23.519 |
20.594 |
23.688 |
|
|
TOTAL EARNINGS |
23.519 |
20.594 |
23.688 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw
Materials |
|
|
|
|
|
Paper |
43.052 |
38.107 |
56.141 |
|
|
Melamine |
0.000 |
1.520 |
3.286 |
|
|
TOTAL IMPORTS |
43.052 |
39.627 |
59.427 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(228.13) |
12.21 |
4.56 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT / Sales) |
(%) |
(12.24) |
0.66 |
0.23 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(8.38) |
4.94 |
4.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(18.01) |
1.13 |
0.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.30) |
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.85 |
0.58 |
0.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.35 |
1.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
20.001 |
20.001 |
20.001 |
|
Reserves & Surplus |
125.783 |
178.522 |
132.894 |
|
Net worth |
145.784 |
198.523 |
152.895 |
|
|
|
|
|
|
long-term borrowings |
47.891 |
31.339 |
35.800 |
|
Short term borrowings |
75.394 |
84.186 |
94.161 |
|
Total borrowings |
123.285 |
115.525 |
129.961 |
|
Debt/Equity ratio |
0.846 |
0.582 |
0.850 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
399.545 |
371.689 |
372.712 |
|
|
|
(6.972) |
0.275 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
399.545 |
371.689 |
372.712 |
|
Profit |
0.911 |
2.441 |
(45.628) |
|
|
0.23% |
0.66% |
(12.24%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Current Maturities of long Term debt |
5.165 |
18.176 |
18.176 |
|
Total |
5.165
|
18.176 |
18.176 |
|
Sr. No. |
Check List by
Info Agents |
Available
in Report (Yes / No) |
|
1] |
Year of
Establishment |
Yes |
|
2] |
Locality of
the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of
Business |
Yes |
|
6] |
Line of
Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No. of
employees |
No |
|
9] |
Name of
person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover of firm
for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons for
variation <> 20% |
---------------------- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations that
the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct of
the banking account |
---------------------- |
|
26] |
Buyer visit
details |
---------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
PERFORMANCE
REVIEW OF OPERATIONS
During the year the company posted stable performance with revenue growth to Rs. 415.100 Millions from Rs.414.800 Millions in the previous year
Exports have registered at Rs. 23.519 Millions as compared to Rs.20.594 Millions in the previous year. The total expenditure incurred is Rs. 42.019 Millions including depreciation and amortisation expenses of Rs.8.379 Millions compared to expenditure of Rs.37.003 Millions including depreciation and amortisation expenses of Rs.10.256 Millions in the corresponding previous year 2012-13. The Net Loss registered during the year is Rs.45.600 Millions against net profit Rs.2.442 Millions in the corresponding Year 2012-13. This performance is particularly noteworthy when viewed against backdrop of the challenging business context in which this was achieved, namely, the steep increase in cost of various raw materials slow down of world economy and resulting into low demand of laminates across the world, unfavourable exchange rates of US Dollar and EURO.
The Company will not leave any stone unturned to achieve improved performance in the times to come.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from Director |
34.874 |
26.060 |
|
Others : A Company |
0.437 |
0.437 |
|
Total |
35.311 |
26.497 |
VIEW INDEX OF
CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10467514 |
07/11/2013 |
900,000.00 |
BANK OF BARODA |
USMANPURA BRANCH, ASHRAM ROAD, AHMEDABAD, Gujarat - 380013, INDIA |
B92497791 |
|
2 |
10140200 |
11/06/2014 * |
140,400,000.00 |
BANK OF BARODA |
Usmanpura Branch, Ashram
Road, Ahmedabad, Gujarat |
C09045592 |
|
3 |
10105171 |
17/04/2008 |
30,000,000.00 |
Bank of Baroda |
Usmanpura Branch, Ashram Road,, Ahmedabad, Gujarat - 380013, INDIA |
A39496369 |
|
4 |
90102992 |
15/12/1994 * |
9,000,000.00 |
BANK OF BARODA |
USMANPURA BRANCH, AHMEDABAD, Gujarat - 380014, INDIA |
- |
|
5 |
90102984 |
24/09/1994 * |
2,500,000.00 |
BANK OF BARODA |
USMANPURA BRANCH, ASHRAM ROAD, AHMEDABAD, Gujarat - 380014, INDIA |
- |
|
6 |
90102925 |
02/12/1991 |
1,840,000.00 |
BANK OF BARODA |
USMANPURA BRANCH, AHMEDABAD, Gujarat - 380013, INDIA |
- |
|
7 |
90102778 |
02/12/1991 |
76,986,000.00 |
BANK OF BARODA |
USMANPURA BRANCH, AHMEDABAD, Gujarat - 380013, INDIA |
- |
|
8 |
90102921 |
15/12/1994 * |
8,300,000.00 |
BANK OF BARODA |
USMANPURA BRANCH, AHMEDABAD, Gujarat - 380014, INDIA |
- |
|
9 |
90102917 |
15/12/1994 * |
1,840,000.00 |
BANK OF BARODA |
USMANPURA BRANCH, AHMEDABAD, Gujarat, INDIA |
- |
|
10 |
90102777 |
08/07/1991 * |
44,686,000.00 |
BANK OF BARODA |
USMANPURA BRANCH, AHMEDABAD, Gujarat - 380013, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Land- Freehold
·
Buildings
·
Factory Temple
·
Factory Temple House
·
Factory Road
·
Office Building
·
Plant and Machinery
·
Electric Installation
·
S S Press Moulds
·
Computer
·
Furniture and Fittings
·
Furniture Temple House
·
Vehicle
·
Laboratory Equipments
·
Loose Tools
·
Office Premises
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.92 |
|
|
1 |
Rs. 96.37 |
|
Euro |
1 |
Rs. 76.10 |
INFORMATION DETAILS
|
Information Gathered
by : |
HET |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.