MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

FINE TOOLS (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BLRF01382D

 

 

PAN No.:

[Permanent Account No.]

AABCF0583F

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

60 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is in the business of manufacture of high precision and critical industrial parts / sub-assemblies through injection molding process.

 

 

Products :

·         Plastic Moulded Components

·         Automobiles – Parts for Safety Seat Belts, Window Regulator, Door Trims etc.

·         Electrical – Parts for Electrical Application

·         Appliances – Parts for Washing Machines

·         Electronics and Communication

 

 

 

 

Exports :

 

Products :

·         Plastic Moulded Components

·         Automobiles – Parts for Safety Seat Belts, Window Regulator, Door Trims etc.

·         Electrical – Parts for Electrical Application

·         Appliances – Parts for Washing Machines

·         Electronics and Communication

Countries :

·         Indonesia

·         UK

·         Australia

·         Thailand

 

 

 

 

Imports :

 

Products :

·         Raw Materials

Countries :

·         Japan

 

 

 

 

Terms :

 

Selling :

Cash and Advance Payment

 

 

 

 

Purchasing :

Cash and Advance Payment

 

 

GENERAL INFORMATION

 

Customers :

Retailers and End Users

 

 

No. of Employees :

60 (Approximately)

 

 

Bankers :

Canara Bank, Specialised SME Branch, No.473D, 13th Cross, 4th Phase, Peenya Industrial Area, Bangalore – 560 058 Karnataka, India

 

 

Facilities :

Overdraft: Rs.30.000 millions (From Canara Bank)

 

Secured Loans

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

(On Hypothecation of Machinery, motor car, mortgage of Industrial Land and Building and personal guarantee of Directors)

 

 

- Canara Bank

4.046

5.441

- Toyota Financial Services Limited

1.086

0.000

SHORT TERM BORROWINGS

 

 

Loans repayable on Demand From

 

 

(On Hypothecation of Book Debts, Stock in Trade)

 

 

i) Canara Bank OD

(0.003)

(0.003)

ii) Canara Bank OD

21.584

16.169

Total

26.713

21.607

 

Unsecured Loans

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

SHORT TERM BORROWINGS

 

 

From Directors

0.000

5.814

Total

0.000

5.814

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

ABS and Company

Chartered Accountants

Address :

No.32, G-3, Rukmini Apartments, 15th Cross, 11th Main Road, Malleswaram, Bangalore – 560 055, Karnataka, India

Tel. No.:

91-80-23448727/ 23561653

E-Mail:

hnarao@gmail.com

hnarao@dataone.in

Income-tax PAN of auditor or auditor's firm :

AAEFA8356R

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2013

 

Names of Shareholders

 

No. of Shares

Percentage of Holding

T.P. Kallesh

507500

66.78

Shailaja Kallesh

252500

33.22

Total

760000

100.00

 

 

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

7.600

7.600

7.600

(b) Reserves & Surplus

34.539

26.504

19.583

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

42.139

34.104

27.183

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

5.132

5.441

7.373

(b) Deferred tax liabilities (Net)

0.554

0.529

0.516

(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)

5.686

5.970

7.889

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

21.581

21.980

37.081

(b) Trade payables

10.456

19.885

14.161

(c) Other current liabilities

2.459

2.183

2.321

(d) Short-term provisions

6.370

5.862

8.073

Total Current Liabilities (4)

40.866

49.910

61.636

 

 

 

 

TOTAL

88.691

89.984

96.708

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

30.985

27.305

30.984

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

3.467

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.888

3.814

4.449

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

34.873

34.586

35.433

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

33.423

21.024

27.782

(c) Trade receivables

8.480

24.934

18.278

(d) Cash and cash equivalents

0.862

1.514

10.515

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

11.053

7.926

4.700

Total Current Assets

53.818

55.398

61.275

 

 

 

 

TOTAL

88.691

89.984

96.708

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from operations

181.096

165.210

133.643

 

 

Other Income

0.677

0.055

0.020

 

 

TOTAL                                    

181.773

165.265

133.663

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

169.693

150.026

118.727

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

169.693

(Including Depreciation)

150.026

118.727

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION                          

 

15.239

14.936

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

 

4.703

3.267

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

12.080

10.536

11.669

 

 

 

 

 

Less

TAX                                                                 

4.045

3.615

3.971

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX               

8.035

6.921

7.698

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

5.790

2.321

1.377

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

10.57

9.11

10.13

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover (Approximately)

 

 

220.000

 

 

 

 

 

The above information has been parted by Mr. Malathesh (Accounts and Finance Manager).

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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/ Factory :

No.449-P, 4th Phase, KIADB Industrial Area, Peenya, Bangalore – 560 058, Karnataka, India

Tel. No.:

91-80-28360453/ 28363666

Fax No.:

91-80-41170471

E-Mail :

hnarao@gmail.com

info@finetoolsindia.com

malathesh@finetoolsindia.com

Website :

http://www.finetoolsindia.com

 

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.