IDENTIFICATION DETAILS
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Name : |
APURVA INDIA LIMITED [w.e.f. 07.01.2009] |
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Formerly Known
As : |
APURVA BUILCARE TECHNOLOGIES PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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PAN No.: [Permanent Account No.] |
AACCA0690D |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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No. of Employees
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Information Decline by the management |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Interior and exteriors wall surface coating, epoxy floor coating, hygiene control coating, waterproofing, car parking and polyurethane resin floor coating. |
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Products : |
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PRODUCTION STATUS [AS ON 31.03.2011]
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Particulars |
Unit |
Actual
Production |
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Exterior Coatings |
Kg. |
74740 |
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Interior Coatings |
Kg. |
109008 |
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Floor Coatings |
Kg. |
651436 |
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Bonding Agents |
Kg. |
737166 |
GENERAL INFORMATION
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No. of Employees : |
Information Decline by the management |
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Bankers : |
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Indian Bank, Mahim Branch, 542, Rajmahal, · The Saraswat Co-operative Bank Limited, Mahim Branch, Mumbai - 400016, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
UNSECURED LOAN (Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Tembye and Mhatre Chartered Accountants |
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Address : |
120, Udyog Mandir No 1, Bhagoji Keer Marg Mahim, Mumbai – 400016, |
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PAN No.: |
AAAFT4024B |
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Associates: |
· Prosys Services Private Limited · Techno Marketing Services |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
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Names of Shareholders |
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No. of Shares |
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Kate Narayan Ashok |
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2716146 |
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Kate Ashok Ulka |
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2532600 |
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Kate Ashok Ameya |
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20520 |
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Apurva Ashok Kate |
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432 |
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Kate Murlidhar Narayan |
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4320 |
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Ganesh S. Shanbagh |
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27 |
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Manish Dhanendra Ladge |
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27 |
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Total |
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5274072 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
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Category |
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Percentage |
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Directors or relatives of directors |
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99.99 |
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Other top fifty shareholders |
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0.01 |
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Total
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100.00 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES
OF FUNDS |
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31.03.2013 |
31.03.2012 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
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52.740 |
52.740 |
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(b) Reserves & Surplus |
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58.258 |
49.833 |
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(c) Money received against
share warrants |
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0.000 |
0.000 |
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(2) Share Application
money pending allotment |
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0.000 |
0.000 |
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Total Shareholders’ Funds (1) + (2) |
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110.998 |
102.573 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
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0.000 |
1.399 |
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(b) Deferred tax liabilities (Net) |
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1.169 |
1.008 |
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(c) Other long term liabilities |
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0.000 |
0.000 |
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(d) long-term provisions |
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0.000 |
0.000 |
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Total Non-current Liabilities (3) |
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1.169 |
2.407 |
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(4) Current Liabilities |
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(a) Short term
borrowings |
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46.093 |
24.795 |
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(b) Trade payables |
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38.345 |
38.338 |
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(c) Other current
liabilities |
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7.855 |
9.258 |
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(d) Short-term provisions |
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6.365 |
6.428 |
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Total Current Liabilities (4) |
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98.658 |
78.819 |
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TOTAL |
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210.825 |
183.799 |
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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 |
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55.230 |
55.108 |
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(ii) Intangible Assets |
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0.000 |
0.000 |
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(iii) Capital
work-in-progress |
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0.000 |
0.000 |
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(iv) Intangible assets under development |
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0.000 |
0.000 |
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(b) Non-current Investments |
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0.540 |
0.540 |
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(c) Deferred tax assets (net) |
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0.000 |
0.000 |
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(d) Long-term Loan and Advances |
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0.872 |
0.850 |
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(e) Other Non-current assets |
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0.000 |
0.000 |
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Total Non-Current Assets |
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56.642 |
56.498 |
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(2) Current assets |
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(a) Current investments |
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38.017 |
17.000 |
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(b) Inventories |
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32.703 |
32.411 |
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(c) Trade receivables |
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61.011 |
63.752 |
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(d) Cash and cash
equivalents |
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15.053 |
5.836 |
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(e) Short-term loans
and advances |
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7.348 |
8.302 |
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(f) Other current
assets |
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0.051 |
0.000 |
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Total Current Assets |
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154.183 |
127.301 |
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TOTAL |
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210.825 |
183.799 |
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SOURCES OF FUNDS |
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31.03.2011 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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52.740 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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47.832 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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100.572 |
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LOAN FUNDS |
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1] Secured Loans |
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11.670 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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11.670 |
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DEFERRED TAX LIABILITIES |
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1.808 |
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TOTAL |
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114.050 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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60.737 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.539 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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32.327 |
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Sundry Debtors |
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61.067 |
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Cash & Bank Balances |
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13.570 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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15.148 |
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Total
Current Assets |
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122.112 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Sundry Creditors |
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35.882 |
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Other Current Liabilities |
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18.627 |
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Provisions |
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14.829 |
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Total
Current Liabilities |
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69.338 |
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Net Current Assets |
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52.774 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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114.050 |
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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 |
242.170 |
195.257 |
212.580 |
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Other Income |
1.635 |
1.945 |
1.645 |
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TOTAL (A) |
243.805 |
197.202 |
214.225 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
154.673 |
110.325 |
109.539 |
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Purchases of Stock in Trade |
1.594 |
1.539 |
0.288 |
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Employee Benefit Expenses |
36.134 |
35.975 |
29.670 |
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Other Expenses |
33.082 |
33.937 |
46.416 |
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Changes in Inventories of Finished Goods, Work in Progress and Stock
in Trade |
(5.165) |
(0.067) |
5.762 |
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Exceptional Items |
0.000 |
0.553 |
(5.877) |
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TOTAL (B) |
220.318 |
182.262 |
185.798 |
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Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
23.487 |
14.940 |
28.427 |
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Less |
FINANCIAL
EXPENSES (D) |
3.035 |
2.429 |
3.855 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.452 |
12.511 |
24.572 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.172 |
6.850 |
6.895 |
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PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
14.280 |
5.661 |
17.677 |
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Less |
TAX (H) |
2.771 |
0.595 |
2.675 |
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PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
11.509 |
5.066 |
15.002 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
48.433 |
46.832 |
35.305 |
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Less |
Capitalized
by issue of bonus shares |
NA |
0.000 |
0.000 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
NA |
0.400 |
0.400 |
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Dividend |
NA |
2.637 |
2.637 |
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Tax on Dividend |
NA |
0.428 |
0.438 |
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BALANCE CARRIED
TO THE B/S |
NA |
48.433 |
46.832 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
30.408 |
21.346 |
NA |
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IMPORTS |
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Raw Materials |
NA |
NA |
14.339 |
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Capital Goods |
NA |
NA |
0.000 |
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TOTAL IMPORTS |
NA |
NA |
14.339 |
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Earnings /
(Loss) Per Share (Rs.) |
2.18 |
0.96 |
2.84 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
RBI DEFAULTERS’ 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 : |
New Udyod Mandir No. 2, Office No. 2, 2nd Floor, 7 C,
Pitamber Lane, Mahim, Mumbai – 400016, Maharashtra, India |
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Tel. No.: |
91-22-24475051 |
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Fax No.: |
91-22-24475056 |
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E-Mail : |
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Website : |
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Regional Office 1 : |
L-120, Ground Floor, Street
No - 5B, Mahipal Pur Extension, New Delhi-110037, India |
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Tel No.: |
91-11-26785769 |
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Email: |
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Regional Office 2 : |
G-18, Eldorado Complex, 112, Nungambakkam High Road, Chennai-600034,
Tamilnadu, India |
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Tel No.: |
91-44-28261414 |
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Fax No.: |
91-44-28261414 |
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Email: |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.