MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	SUPER CRYOGENIC SYSTEMS PRIVATE LIMITED (w.e.f. 05.06.1997)

Formerly Known As :	SUPER CRYOGENIC SYSTEMS AND INDUSTRIAL GAS PRIVATE LIMITED

Country :	India

Financials (as on) :	31.03.2013

TAN No.: [Tax Deduction & Collection Account No.]	DELS10788B

PAN No.: [Permanent Account No.]	AACCS2982A

Legal Form :	Private Limited Liability Company

No. of Employees :	50 (Approximately)

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Supplier of a premium range of Cryogenic Storage Tank, Cryogenic CO2 Storage / Tranport Tank, Atmosphric Vaporizer and Allied Equipment’s.

Exports :
Products :	Finished Goods
Countries :	African Countries Nepal Bangladesh Pakistan

Terms :
Selling :	L/C and Credit

Purchasing :	L/C and Credit

GENERAL INFORMATION

No. of Employees :

50 (Approximately)

Bankers :

Corporation Bank, G-28/29, Sector- 18, Noida – 201301, Uttar Pradesh, India
Citi Bank
ICICI Bank Limited
HDFC Bank Limited

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
ICICI Car loan (secured by hypothecation of Swift Car)	0.000	0.012
HDFC Car Loan (SX4) No.15718522	0.000	0.163
HDFC Car Loan (Aveo) No.16769390	0.000	0.046
Corporation Bank Car Loan Toyota	0.094	0.221
Corporation Bank Car Loan A/C (Ritz)	0.000	0.129
Short Term Borrowings
National Small Industries	1.693	1.967
Corporation Bank New OD A/C No CMTSC/1/5	19.162	9.098
Corporation Bank OD A/C01070004	0.000	9.810
Corporation Bank SDL A/C No 100005	0.000	1.679
Total	20.949	23.125

UNSECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
B. L. Sharma	0.070	0.020
Kanwal Rajotia	0.039	0.039
Manju Sharma	0.138	0.138
Neelam Sharma	0.146	0.146
Prakash Rajotia	0.597	0.526
Shanti Sharma	0.310	0.160
J. P Badola	0.140	0.140
Total	1.440	1.169


Banking Relations :	--

Auditors :
Name :	M B Gupta and Company Chartered Accountant
Address :	R-52, III Floor, Shakarpur, Vikas Marg, New Delhi – 110092, India
Tel No.:	91-11-22012352
PAN No.:	AAGFM7201B

MAJOR SHAREHOLDERS

Names of Shareholders		No. of Shares
Banwari Lal Sharma		3203
Shanti Sharma		1200
Deepak Rajotia		100
Kusum Sharma		100
Kanwal Rajotia		100
Neelam Sharma		100
Prakash Rajotia		200
Deepak Fabrication, India		1
Total		5004

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	0.500	0.500	0.500
(b) Reserves & Surplus	3.621	3.168	2.698
(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)	4.121	3.668	3.198

(3) Non-Current Liabilities
(a) long-term borrowings	1.534	1.740	1.088
(b) Deferred tax liabilities (Net)	0.010	0.050	0.108
(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)	1.544	1.790	1.196

(4) Current Liabilities
(a) Short term borrowings	20.855	22.554	11.772
(b) Trade payables	48.009	69.398	60.663
(c) Other current liabilities	27.095	25.634	30.851
(d) Short-term provisions	0.623	2.326	1.220
Total Current Liabilities (4)	96.582	119.912	104.506

TOTAL	102.247	125.370	108.900

II. SSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	20.633	21.097	22.272
(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	0.000	0.000	0.000
(e) Other Non-current assets	0.214	0.214	0.215
Total Non-Current Assets	20.847	21.311	22.487

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	13.236	25.335	17.965
(c) Trade receivables	53.674	61.578	52.236
(d) Cash and cash equivalents	7.753	8.768	8.160
(e) Short-term loans and advances	6.737	8.358	8.052
(f) Other current assets	0.000	0.020	0.000
Total Current Assets	81.400	104.059	86.413

TOTAL	102.247	125.370	108.900

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL (A)	134.721	155.479	137.514

Less	EXPENSES
		TOTAL (B)	128.616	150.085	133.526

	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		6.105	5.394	3.988

Less	FINANCIAL EXPENSES (D)		3.244	2.304	1.139

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.861	3.090	2.849

Less	DEPRECIATION/ AMORTISATION (F)		2.026	2.231	2.403

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		0.835	0.859	0.446

Less	TAX (H)		0.382	0.309	(0.267)

	PROFIT/(LOSS) AFTER TAX (G-H) (I)		0.453	0.550	0.713

	Earnings Per Share (Rs.)		90.46	109.91	142.49

CORPORATE INFORMATION:

The company having its registered office at Flat No. 799, Pocket 5, Mayur Vihar Phase- I, Delhi – 110091, India is doing the business to develop, design, engineer, process, manufacture, buy, sell, distribute, exchange, alter, improve, manipulate, prepare, market, import or export of all kind of cryogenic equipment’s.

RATING & COMMENTS

MIRA’s Rating :

B (29)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	16000ss

Status :	Moderate

Payment Behaviour :	Slow but 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 :	Flat No. 799, Pocket 5, Mayur Vihar Phase- I, Delhi – 110091, India
Tel. No.:	91-120-4625500/ 4625535
Fax No.:	91-120-4337534
E-Mail :	mail@supercryo.com supercryo@vsnl.com supercryo@gmail.com prnoida@yahoo.co.in mbg_fca@hotmail.com
Area :	850 sq. ft.
Location :	Owned

Factory :	C-18-19, Sector – 8, Noida- 201301, Uttar Pradesh, India
Tel. No.:	91-120-4625500/ 4625535/ 2424079/ 2424080/ 2424559/ 3914024
Fax No.:	91-120-4307534/ 2424529/ 4625535
Area :	1600 Sq. Ft.
Location :	Owned

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.