MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

NAVYUG CHEMICALS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMN10272D

 

 

PAN No.:

[Permanent Account No.]

AAACN1385Q

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

12 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Construction Chemicals.

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Colombo

·         UK

 

 

Imports :

 

Products :

Finished Goods

Countries :

Korea

 

 

Terms :

 

Selling :

Credit

 

 

Purchasing :

Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Indofil Chemicals

 

 

Customers :

Others (Construction Company)

 

·         Asian Paints Limited

 

 

No. of Employees :

12 (Approximately)

 

 

Bankers :

·         Bank of India, Khar (West) Branch ,"The Shelter", 32nd Road, Opposite National College, Mumbai - 400050, Maharashtra, INDIA

·         Citi Bank

·         HDFC Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

From Bank (Secured against vehicle)

0.000

1.000

Total

0.000

1.000

 

 

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Deposits

0.201

0.329

Total

0.201

0.329

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

N K J and Company

Chartered Accountants

Address :

A-402, Rajeshri Accord, Teli Gali Cross Lane, Andheri East, Mumbai – 400069, Maharashtra, India

Tel. No. :

91-22-26827879/ 26827969

E-Mail :

nkjco@rediffmail.com

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

AAIPJ4127D

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 27.09.2013

 

Names of Shareholders

No. of Shares

Percentage of Holding

Gobind Sidhwani

3710

81.00

Raju G. Sidhwani

80

1.75

Komal G. Sidhwani

10

0.22

Chander D. Bhawani

50

1.09

Rinku G. Sidhwani

460

10.04

Vicky G. Sidhwani

270

5.90

Total

4580

100.00

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

400.000

 

 

 

 

 

The above information has been parted by Ms. Varsha Khitudwe (Accounts Manager).

 

 

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

0.458

0.458

0.458

(b) Reserves & Surplus

53.770

42.828

34.050

(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)

54.228

43.286

34.508

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.201

1.329

0.274

(b) Deferred tax liabilities (Net)

0.379

0.275

0.117

(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)

0.580

1.604

0.391

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

72.554

59.723

52.417

(c) Other current liabilities

0.221

0.334

0.142

(d) Short-term provisions

5.402

4.257

4.158

Total Current Liabilities (4)

78.177

64.314

56.717

 

 

 

 

TOTAL

132.985

109.204

91.616

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

8.650

7.396

4.223

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

8.650

7.396

4.223

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

22.889

22.641

29.380

(c) Trade receivables

86.301

67.109

48.835

(d) Cash and cash equivalents

4.891

2.669

0.437

(e) Short-term loans and advances

10.254

9.389

8.741

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

124.335

101.808

87.393

 

 

 

 

TOTAL

132.985

109.204

91.616

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

350.000

(Approx.)

304.030

288.291

 

 

Other Income

NA

6.815

2.491

 

 

TOTAL                                    

NA

310.845

290.782

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

297.161

277.986

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION  

NA

13.684

12.796

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

NA

0.514

0.422

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

NA

13.170

12.374

 

 

 

 

 

Less

TAX                                                                 

NA

4.392

4.454

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

10.942

8.778

7.920

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

42.828

34.050

26.130

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

53.770

42.828

34.050

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Sales

18.832

15.785

 

 

 

Commission

6.611

0.034

 

 

TOTAL EARNINGS

25.443

15.819

14.619

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

2389.08

1916.59

1729.26

 

 

OPERATIONS, FUTURE PROSPECTS AND PLANS

 

The turnover has increased but again this year also margins once again affected down due to steep increase in cost of materials on account of foreign exchange fluctuations.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

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 DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

802, Embassy Chamber, Plot No. 5, 3rd Road, Khar (West), Mumbai – 400052, Maharashtra, India

Tel. No. :

91-22-40055151

Fax No. :

91-22-40058811

E-Mail :

varsha.k@navyugchemicals.com

Vicky.sidhwani@navyugchemicals.com

sales@navyugchemicals.com

Website :

www.navyugchemicals.com    

Location :

Owned

 

 

Warehouse:

Located at

 

·         Bhiwandi, Thane, Maharashtra, India

 

CHANGE OF ADDRESS

 

The registered office of the company has been shifted from 93/C, Sanjay Building No.5, Mittal Estate, M.V. Road, Andheri, Mumbai - 400059, Maharashtra, India to the present address w.e.f. 01.04.2013.

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.