MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

SVASCA INDUSTRIES (INDIA) LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

dels15013F

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Information declined by the management

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Servo Stabilizers.

 

 

Products :
  • Power Distribution Transformers
  • Furnace transformers
  • Servo Stabilizers
  • Rectifier transformers, etc

 

PRODUCTION STATUS (As on 31.03.2011)

 

Particulars

Unit

Licensed Capacity

Installed Capacity

Actual Production

Transformers

Nos

Not Applicable

Not Applicable

3783

Others

Kgs

--

--

480005

 

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management

 

 

Bankers :

·         Bank of India, Connaught Circus Branch, H-0 16, Indra Place, Middle Circle, Connaught Circle New Delhi-110001, India

 

 

Facilities :

Secured Loan

31.03.2011

(Rs. in Millions)

31.03.2010

(Rs. in Millions)

From Bank of India

(Secured against hypothecation of factory building stock and debtors and guarantee by the directors of the company)

127.266

116.700

Bank of India

(against hypothecation of vehicle)

1.575

0.619

ICICI bank Limited

(Against Hypothecation Vehicle)

0.000

0.205

BMW Financial Services Limited

(Against Hypothecation of vehicle)

4.732

0.000

HDFC bank (Against hypothecation of vehicle )

0.589

0.000

HDFC bank (Against hypothecation of vehicle )

0.532

0.000

HDFC bank (Against hypothecation of vehicle )

0.730

0.000

Kotak Mahindra Bank Limited (Against hypothecation of vehicle)

0.102

0.380

Tata Capital Limited

(Against hypothecation of vehicle)

0.498

0.270

Intec Security Limited (Against pledge of FDR + Mortgagee of Property)

0.000

2.208

Total

136.024

120.382

 

 

 

Unsecured Loan

31.03.2011

(Rs. in Millions)

31.03.2010

(Rs. in Millions)

From Bank and Financial Institutions

(Guaranteed by the directors)

11.594

11.398

From director

0.653

0.774

From others

4.273

11.772

Deferred sales tax Haryana

17.975

17.975

Total

34.495

41.919

 

 

 

Banking Relations :

 

 

 

Financial Institution :

Dewan Housing Finance Corporation Limited, Warden House, 2nd Floor, Sir P M Road, Fort, Mumbai-400001, Maharashtra, India

 

 

Auditors :

 

Name :

Naveen upadhyaya and associates

Chartered Accountants 

Address :

E 186, Basement, krishna Market, Lajpat Nagar – I, New Delhi-110024, India

Tel. No.:

91-11-29810619

Mobile No.:

91-9911334882

E-Mail :

naveenupadhyaya@yahoo.com

Pan No.:

AADFN1033H

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2011

 

SHAREHOLDING DETAIL FILE ATTACHED

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2011

31.03.2010

31.03.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

30.715

29.515

28.515

2] Share Application Money

0.000

0.300

0.000

3] Reserves & Surplus

33.394

31.502

9.858

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

64.109

61.317

38.373

LOAN FUNDS

 

 

 

1] Secured Loans

136.024

120.382

85.823

2] Unsecured Loans

34.495

41.919

34.931

TOTAL BORROWING

170.519

162.301

120.754

DEFERRED TAX LIABILITIES

1.056

0.985

0.000

 

 

 

 

TOTAL

235.684

224.603

159.127

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

41.009

27.471

20.398

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
84.025
68.004

56.589

 

Sundry Debtors
195.903
151.191

121.882

 

Cash & Bank Balances
21.286
11.925

0.752

 

Other Current Assets
0.000
0.000

9.424

 

Loans & Advances
24.561
21.958

21.710

Total Current Assets
325.775
253.078

210.357

Less : CURRENT LIABILITIES & PROVISIONS
 
 

 

 

Sundry Creditors
114.231
50.863

56.723

 

Other Current Liabilities
14.209
3.862

13.644

 

Provisions
2.660
1.221

1.375

Total Current Liabilities
131.100
55.946

71.742

Net Current Assets
194.675
197.132

138.615

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

Deferred Revenue Expenditure

0.000

0.000

0.114

 

 

 

 

TOTAL

235.684

224.603

159.127

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2011

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

Sales Turnover

461.137

350.456

315.157

 

 

Job Work

1.127

1.449

6.713

 

 

Other Income

7.360

2.935

3.187

 

 

TOTAL                                     (A)

469.624

354.840

325.057

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Raw Material Consumed

362.228

281.955

262.843

 

 

Administrative Expenses

11.578

7.945

3.824

 

 

Personal Expense

7.817

5.396

4.333

 

 

Increase/(Decrease) in Finished Goods

(8.646)

(11.665)

(7.968)

 

 

Selling and Distribution Expense

7.911

7.137

1.664

 

 

Manufacturing Expenses

57.342

37.673

40.599

 

 

TOTAL                                     (B)

438.230

328.441

305.295

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

31.394

26.399

19.762

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

22.051

19.798

14.449

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

9.343

6.601

5.313

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

3.963

2.624

2.179

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

5.380

3.977

3.134

 

 

 

 

 

Less

TAX                                                                  (I)

3.488

1.333

0.892

 

 

 

 

 

 

PROFIT AFTER TAX (G-I)                                 (J)

1.892

2.644

2.242

 

 

 

 

 

 

CIF VALUE IMPORTS

55.323

49.417

NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

0.62

0.90

--

 

OPERATIONS

 

During the year, the company has earned the Net Profit of Rs. 1.892 Millions as compared to the Net Profit of Rs. 2.644 Millions in the previous year. The company is looking for better results in the next year.

 

RATING & COMMENTS

 

MIRA’s Rating :

B (26)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 :

SF 20, Cross River Mall, Plot No. 9 B and 9 C (CBD) Shahdara, New Delhi-110032, India

Mobile No. :

91-9811030312 / 9971992827 [Mr. Siddharth Tayal]

E-Mail :

mktg_svasca@yahoo.co.in

lallandcompany@gmail.com

naveen@canaveen.com

Area :

2000 Sq. ft.

Location :

Owned

 

 

Corporate Office :

A-56, Jhlimil Industrial Area Shahadra, New Delhi-110095, India

 

 

Factory :

48th Mile Stone, Delhi-Mathura Road, Village-Prithla, Palwal-121102, Haryana, India

Tel. No.:

91-1275-401700/01-03/270399

Fax No.:

91-1275-401702

 

NOTE:

 

The Registered Office of the company has been shifted from E-186, Krishna Market, Lajpat Nagar – I, New Delhi-110024, India to the present address w.e.f. 30.03.2011

 

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.