MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

PRIME ABGB PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMP10794A

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

12 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Dealer of Computer Parts and Peripherals and also Provides Technical Services.

 

 

Terms :

 

Selling :

L/C and Credit

 

 

Purchasing :

L/C and Credit

 

 

GENERAL INFORMATION

 

No. of Employees :

12 (Approximately)

 

 

Bankers :

·         HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India

·         Union Bank of India, Nepean Sea Road Branch, Manisha, Opposite Petit Hall, 69-A, Nepeansea Road, Mumbai - 400006, Maharashtra, India

·         HDFC Bank Limited, Grant Road (East), Mumbai, Maharashtra, India

 

 

Facilities :

 

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

Cash Credit facility From Banks

7.666

3.245

 

 

 

Total

7.666

3.245

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG-TERM BORROWINGS

 

 

Loans from Directors

3.907

1.676

Term Loan

From Bank

14.810

17.614

Less: Due Within 12 Months

0.000

(3.885)

 

 

 

Total

18.717

15.405

 

LONG-TERM BORROWINGS

 

The loan is payable in 180 installments of Rs.0.348 Million each. The rate of interest being variable, it is not possible to bifurcate the emi amount into principal and interest components. Therefore we have not bifurcated the same under long term and short borrowings as required under the Companies Act. The loan is secured against the personal property of the directors.

 

 

 

Banking Relations :

 

 

 

Name :

Sukhbir And Associates

Chartered Accountants

Address :

320, Udyog Mandir 1, Bhagoji Keer Marg, Mahim (West), Mumbai – 400016, Maharashtra, India

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

ACHFS8882P

 

 

Related Party :

Prime Electronics

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

Names of Shareholders

 

No. of Shares

Amarjeet Singh Bhatia

 

10010

Gulbirsingh  Bhatia

 

5010

Lawaljit Kaur Bhatia

 

5000

Rajindar Kaur Bhatia

 

5010

 

 

 

Total

 

25030

 

 

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

0.250

0.250

0.250

(b) Reserves & Surplus

9.114

7.941

7.443

(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)

9.364

8.191

7.693

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

18.717

15.405

21.722

(b) Deferred tax liabilities (Net)

0.000

0.000

0.019

(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)

18.717

15.405

21.741

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

7.666

3.245

8.859

(b) Trade payables

29.785

17.890

14.245

(c) Other current liabilities

0.804

4.630

2.088

(d) Short-term provisions

0.000

0.013

0.007

Total Current Liabilities (4)

38.255

25.778

25.199

 

 

 

 

TOTAL

66.336

49.374

54.633

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1.232

1.380

1.560

(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)

0.023

0.001

0.000

(d)  Long-term Loan and Advances

5.863

5.790

3.463

(e) Other Non-current assets

0.056

0.056

0.052

Total Non-Current Assets

7.174

7.227

5.075

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

19.493

18.607

13.982

(c) Trade receivables

33.781

20.842

22.811

(d) Cash and cash equivalents

5.384

2.605

12.743

(e) Short-term loans and advances

0.504

0.022

0.022

(f) Other current assets

0.000

0.071

0.000

Total Current Assets

59.162

42.147

49.558

 

 

 

 

TOTAL

66.336

49.374

54.633

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from operations

227.167

164.421

170.894

 

 

Other Income

0.067

0.313

1.267

 

 

TOTAL                                     (A)

227.234

164.734

172.161

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchase of Stock-in-Trade

212.603

156.526

165.773

 

 

Changes in inventories of Stock-in-Trade

(0.886)

(4.625)

(5.576)

 

 

Employee benefit expense

4.991

4.076

3.749

 

 

Other expenses

4.763

4.138

4.013

 

 

TOTAL                                     (B)

221.471

160.115

167.959

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

5.763

4.619

4.202

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

3.790

3.473

2.817

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

1.973

1.146

1.385

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

0.273

0.325

0.255

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

1.700

0.821

1.130

 

 

 

 

 

Less

TAX                                                                  (H)

0.528

0.324

0.379

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

1.172

0.497

0.751

 

 

 

 

 

 

Earnings Per Share (Rs.)

468.69

198.66

300.18

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

250.000

 

 

 

 

 

The above information has been parted by Mr. Amol

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (31)

 

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 :

12 B/2 and 3, Kartar Mansion, No-II, 35, Tribhuvan Road, Opposite Ashok Hotel, Mumbai – 400004, Maharashtra, India

Tel. No.:

91-22-67402000

Fax No.:

91-22-23885500

E-Mail :

gulbir@primeabgb.com

Website :

http://www.primeabgb.com

Location :

Owned

Locality :

Commercial

 

 

Corporate Office :

Simlim Square Building, Office No. 106-109, 1st Floor, Dr. D B Marg, Lamington Road, Grant Road (East), Mumbai – 400007, Maharashtra, India

Tel. No.:

91-22-23896600/ 23855500

E-Mail :

support@primeabgb.com

sales@primeabgb.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.