IDENTIFICATION DETAILS
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Name : |
GOA SPONGE AND POWER LIMITED |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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No. of Employees
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Not Divulged |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Sponge Iron and MS Billets. |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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South Africa ·
Indonesia |
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Terms : |
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Selling : |
Depend |
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Purchasing : |
Depend |
GENERAL INFORMATION
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Customers : |
Others |
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No. of Employees : |
Not Divulged |
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Bankers : |
Indian Overseas Bank, Panaji Branch, Hotel Neptune Building, Panaji,
Goa – 403001, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A Jain Agarwal and Company Chartered Accountants |
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Address : |
Sadar Bazar (Upper Storey) Opposite HDFC Bank ATM Muzaffarnagar, Uttar
Pradesh, India |
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PAN No.: |
AAMFA6693H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
SHAREHOLDERS DETAILS FILE ATTACHED
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
444.783 |
414.973 |
414.973 |
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(b) Reserves & Surplus |
372.994 |
322.178 |
297.509 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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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) |
817.777 |
737.151 |
712.482 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
164.975 |
262.725 |
330.403 |
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(b) Deferred tax liabilities (Net) |
27.596 |
26.612 |
11.770 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
0.000 |
0.943 |
1.180 |
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Total Non-current
Liabilities (3) |
192.571 |
290.280 |
343.353 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
505.950 |
525.846 |
474.127 |
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(b) Trade
payables |
471.476 |
465.649 |
299.949 |
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(c) Other
current liabilities |
217.658 |
140.217 |
163.506 |
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(d) Short-term
provisions |
8.401 |
16.021 |
3.378 |
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Total Current
Liabilities (4) |
1203.485 |
1147.733 |
940.960 |
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TOTAL |
2213.833 |
2175.164 |
1996.795 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
776.932 |
748.946 |
820.150 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.146 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.274 |
0.274 |
0.274 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.323 |
28.063 |
9.394 |
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(e) Other
Non-current assets |
34.580 |
0.000 |
0.000 |
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Total Non-Current
Assets |
812.109 |
777.283 |
829.964 |
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(2)
Current assets |
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(a) Current
investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
1056.049 |
942.363 |
672.425 |
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(c) Trade
receivables |
159.665 |
145.473 |
269.556 |
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(d) Cash
and cash equivalents |
64.859 |
124.324 |
43.846 |
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(e)
Short-term loans and advances |
81.217 |
149.825 |
155.204 |
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(f) Other
current assets |
39.934 |
35.896 |
25.800 |
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Total
Current Assets |
1401.724 |
1397.881 |
1166.831 |
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TOTAL |
2213.833 |
2175.164 |
1996.795 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
1958.165 |
1647.415 |
1576.685 |
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Other Income |
8.414 |
7.809 |
2.604 |
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TOTAL (A) |
1966.579 |
1655.224 |
1579.289 |
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Less |
EXPENSES |
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Cost of materials consumed |
1199.158 |
1294.031 |
842.237 |
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Purchases of stock-in-trade |
207.188 |
31.584 |
348.386 |
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Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
67.406 |
(120.279) |
(6.259) |
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Employee benefit expense |
41.736 |
38.618 |
29.873 |
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Other expenses |
222.192 |
188.664 |
162.298 |
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TOTAL (B) |
1737.680 |
1432.618 |
1376.535 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
228.899 |
222.606 |
202.754 |
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Less |
FINANCIAL
EXPENSES (D) |
125.674 |
117.500 |
91.749 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
103.225 |
105.106 |
111.005 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
72.651 |
79.609 |
87.517 |
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PROFIT BEFORE
TAX (E-F) (G) |
30.574 |
25.497 |
23.488 |
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Less |
TAX (H) |
3.605 |
0.828 |
8.029 |
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PROFIT AFTER TAX
(G-H) (I) |
26.969 |
24.669 |
15.459 |
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Earnings Per Share
(Rs.) |
0.65 |
0.59 |
NA |
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RATING & COMMENTS
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MIRA’s Rating : |
Ca (18) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
21/6, West Patel Nagar, New Delhi – 110008, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
542, Rafael House, Ponguirval, Curchoram, Goa, India |
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Tel. No.: |
91-832-6470469/523 |
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Factory : |
Servey No.58/59/60, Village Santola, Taluka Sanguem, Goa – 403706,
India |
Note: Registered office of the company has been shifted
from T-2 Shabana Chambers, Panaji - 403001, Goa, India to the present address w.e.f 17.03.2009
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.