MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

VISION VANIJYA PRIVATE LIMITED

 

SANDEEP ENTERPRISES TAKEOVER BY VISION VANIJYA PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged 

 

 

BUSINESS DETAILS

 

Line of Business :

 

Seller, Trader of grains and pulses, Oil and Oil cakes, all types of building and construction materials. Iron and steel, aluminium ingots, household goods, hardware items and other related electrical accessories, consumerable durable items.

 

 

GENERAL INFORMATION

 

Suppliers :

·         Adventures India

·         Kamal Weighing System

·         Malwa Machine Tools

·         Alloy Steel (India) Sainik

·         Est Tool Steel Private Limited

·         Sahyog Logistics Solutions Private Limited

·         Shree Azad Carrying Private Limited

·         Kalyan Aluminium Private Limited

·         Kanematsu Trading Corporation

·         Micro Auto Parts Private Limited

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Not Divulged  

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

LONG-TERM BORROWINGS

 

 

Cholamandalam Loan

0.410

0.000

Kotak Mahindra Loan

0.118

0.000

U.B.I.-Hongkong ( Buyer Credit)

65.556

0.000

Ubi Car Loan (Audi)

4.000

0.000

SHORT-TERM BORROWINGS

 

 

Ubi Car Loan

0.093

0.000

Bank Overdraft-Ubi-132906

91.060

0.000

 

 

 

Total

161.237

0.000

 

Unsecured Loan

As on

31.03.2013

As on

31.03.2012

LONG-TERM BORROWINGS

 

 

Loans and Advances from Directors

 

 

Suman Jain

1.500

0.000

Loans and Advances from related parties

 

 

Ajay Jain and Sons (Huf)

0.900

0.000

Ashok Jain and Sons (Huf)

0.404

0.000

Sandeep Jain and Sons (Huf)

6.849

0.000

Sanyog Fin-Lease Private Limited

16.100

6.400

Swati Jain

0.325

0.000

Virender Jain

0.930

0.000

Vishu Jain

0.410

0.000

Vishu Jain (HUF)

1.040

0.000

Loans and Advances from Others

 

 

Moolchand Rajendra Prasad

1.200

0.000

Jagdish Rai Bahl (Huf)

1.175

0.000

SHORT-TERM BORROWINGS

 

 

Manoram Agencies Dealers Private Limited

2.400

0.000

 

 

 

Total

33.233

6.400

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Devi Dayal and Associates

Chartered Accountants

Address :

D-168, LGF, Shanker Road, New Rajinder Nagar, New Delhi – 110060, India

Tel. No.:

91-11-28744658/ 28741182

E-Mail :

guptadevi@gmail.com

PAN No.:

AAEFD6887G

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

Names of Shareholders

 

No. of Shares

Ess Arr Fero Alloys Private Limited, India

 

96500

Master Samyak Jain

 

30000

Sandeep Jain

 

25000

Sanyog Finlease Private Limited, India

 

61000

Satish Kumar Jain and Sons (HUF)

 

250000

Suman Jain

 

1100000

Sushant Jain

 

30000

Vess Impex Private Limited, India

 

66000

 

 

 

Total

 

1658500

 

 

 

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

16.585

16.585

2.235

(b) Reserves & Surplus

47.445

44.435

40.803

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.200

0.200

0.000

Total Shareholders’ Funds (1) + (2)

64.230

61.220

43.038

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

100.917

6.400

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)

100.917

6.400

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

93.553

0.000

0.000

(b) Trade payables

72.136

0.886

0.430

(c) Other current liabilities

3.886

0.931

0.209

(d) Short-term provisions

1.462

0.127

0.106

Total Current Liabilities (4)

171.037

1.944

0.745

 

 

 

 

TOTAL

336.184

69.564

43.783

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

10.054

0.000

0.000

(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

3.250

21.400

9.500

(c) Deferred tax assets (net)

0.061

0.000

0.000

(d)  Long-term Loan and Advances

12.562

47.033

33.225

(e) Other Non-current assets

2.172

0.000

0.019

Total Non-Current Assets

28.099

68.433

42.744

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

168.720

0.000

0.000

(c) Trade receivables

128.372

0.000

0.000

(d) Cash and cash equivalents

3.652

0.538

0.370

(e) Short-term loans and advances

7.339

0.584

0.669

(f) Other current assets

0.002

0.009

0.000

Total Current Assets

308.085

1.131

1.039

 

 

 

 

TOTAL

336.184

69.564

43.783

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Revenue

387.335

0.957

 

 

Other Income

 NA

 NA

 

 

TOTAL

  NA

 NA

1.661

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

 

 

 

Purchases of Stock-in-Trade

 

 

 

 

Other expenses

 

 

 

 

TOTAL

NA

NA

1.330 (Including Depreciation)

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

5.456

0.419

 

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

1.171

0.010

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

4.285

0.409

0.331

 

 

 

 

 

Less

TAX

1.450

0.126

0.102

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

2.835

0.283

0.229

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

5.374 

NA 

NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1.71

0.17

NA

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (32)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 :

878, Madurdaha Road, 'Abhinav', 3rd Floor, Opposite Loknath Mandir, Kolkata – 700107, West Bengal, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

professionalservice.cacs@gmail.com

 

 

Note:

 

The Registered Office of the company has been shifted from 132, Cotton Street, 2nd Floor, Kolkata – 700007, West Bengal, India to the present address w.e.f. 27.02.2014

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.