IDENTIFICATION DETAILS
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Name : |
ADGUMS PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA04606A |
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PAN No.: [Permanent Account No.] |
AAACA9835E |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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20 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Textile Printing Thickeners. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Iran ·
Egypt ·
Pakistan |
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Terms : |
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Selling : |
Cash, Cheque and Credit |
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Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
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No. of Employees : |
20 (Approximately) |
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Bankers : |
· Union Bank of India, Industrial Finance Branch, C.U. Shah Chamber, Ashram Road, Ahmedabad - 380014, Gujarat, India ·
Union Bank of India, Karaka Building No. 1,
Ellis Bridge, Ashram Road, Ahmedabad - 380009, Gujarat, India |
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Facilities : |
SHORT TERM BORROWINGS Cash Credit and
Packing Credit facilities is Secured by hypothecation of books, Debts, Stock,
Export Bills, Equitable Mortgage of Land And Building owned by the directors
and personal guarantee of the directors of the Company |
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Banking
Relations : |
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Name : |
Mayank Shah and Associates Chartered Accountants |
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Address : |
706-708A, Mahakant, Opposite V.S. Hospital, Ellisbridge, Ahmedabad – 380006,
Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAMFM6146M |
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Enterprise Under Significant Influence of Key Management Personnel : |
· Rita Finance · Weavetax Engineers ·
Markettic |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Vinod Nagarseth |
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50 |
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Hirabhai Patel |
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20 |
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Bhavaji Thakore |
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20 |
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Purushottamdas Bhatt |
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10 |
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Anand Amin |
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10 |
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Pushpawatiben Amin |
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50 |
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Purushottamdas Bhatt |
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50 |
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Jayaben Shah |
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50 |
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Vidhyapati Ratilal Patel |
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11738 |
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Manan Vidhyapati Patel |
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4000 |
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Naman Vidyapati Patel |
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4000 |
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Mahendra N. Kothari |
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1 |
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Rita Finance |
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1 |
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Total |
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20000 |
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 |
2.000 |
2.000 |
2.000 |
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(b) Reserves & Surplus |
32.401 |
22.662 |
16.687 |
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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) |
34.401 |
24.662 |
18.687 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
8.410 |
1.366 |
2.301 |
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(b) Deferred tax liabilities (Net) |
0.992 |
0.335 |
0.418 |
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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 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
9.402 |
1.701 |
2.719 |
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(4) Current Liabilities |
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(a) Short term
borrowings |
59.876 |
39.074 |
25.276 |
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(b) Trade payables |
15.383 |
11.328 |
10.646 |
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(c) Other current
liabilities |
5.044 |
1.113 |
3.190 |
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(d) Short-term provisions |
2.247 |
2.040 |
0.624 |
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Total Current Liabilities (4) |
82.550 |
53.555 |
39.736 |
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TOTAL |
126.353 |
79.918 |
61.142 |
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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 |
21.319 |
6.723 |
6.332 |
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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 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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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 |
16.809 |
11.143 |
16.339 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.548 |
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Total Non-Current Assets |
38.128 |
17.866 |
23.219 |
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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 |
24.967 |
9.218 |
9.143 |
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(c) Trade receivables |
58.631 |
49.442 |
24.989 |
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(d) Cash and cash
equivalents |
1.113 |
2.136 |
2.865 |
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(e) Short-term loans
and advances |
3.514 |
1.256 |
0.926 |
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(f) Other current assets |
0.000 |
0.000 |
0.000 |
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Total Current Assets |
88.225 |
62.052 |
37.923 |
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TOTAL |
126.353 |
79.918 |
61.142 |
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 |
273.013 |
183.724 |
101.942 |
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Other Income |
NA |
1.263 |
1.153 |
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TOTAL |
NA |
184.987 |
103.095 |
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Less |
EXPENSES |
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TOTAL |
NA |
175.198 |
98.761 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.747 |
9.789 |
4.334 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
2.068 |
1.113 |
1.299 |
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PROFIT BEFORE
TAX |
14.679 |
8.676 |
3.035 |
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Less |
TAX |
4.941 |
2.700 |
0.082 |
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PROFIT AFTER TAX
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9.738 |
5.976 |
2.953 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
267.324 |
182.635 |
99.155 |
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C.I.F. VALUE OF
IMPORT |
0.000 |
1.966 |
2.767 |
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Earnings Per
Share (Rs.) |
486.91 |
298.79 |
147.57 |
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Particulars |
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31.03.2014 |
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Sales Turnover |
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170.000 |
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Expected Sales (2014-2015) : Rs.200.000 Millions
The above information has been parted by Mr. Satish S. Joshi
COMPANY INFORMATION
Adgums Private
Limited is an 100% EOU and involved into business of Gum Thickeners from Guar, Tamarind
and Tapioca Starch for Printing of Textile Dyes and Sizing of Cotton Fibres,
for Beater and Wet-End Additive and Surface Sizer in Paper Manufacture, Food
Processing Stabilisers and Binding Agents.
OPERATIONS REVIEW
During the year the turnover (Net) of the company has increased from Rs.
183.724 Millions to Rs.273.013 Millions. Net Profit after tax over the same period
have Increased from Rs. 5.976 Millions to Rs.9.738 Millions.
FUTURE OUTLOOK
The company is hopeful of achieving reasonable performance for the
current year. The company is in continuance search to explore other foreign
countries for export market. The quality product of the company have make a
mark in abroad market. The thrust on the competitive strength and consolidation
of customer relationship has resulted into a brighter future for the company.
Looking to overall good response to the product of the company, the Directors
are optimistic of achieving higher turnover and profits during current
Financial Year.
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
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Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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/ Factory : |
Mahalaxmi
Compound, Opposite
Rustom Jahangir Vaklmills Company Limited, Dudheshwar Road, Ahmedabad – 380009,
Gujarat, India |
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Tel. No.: |
91-79-25622632/ 25625922 |
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Mobile : |
91-9833817745 (Mr. Satish) |
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Fax No.: |
91-79-25622876 |
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E-Mail : |
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Website : |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.