MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

G M SYNTEX PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AAACG9034H

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Available

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the manufacture of fancy curtain fabrics.

 

 

Products :

Item Code No. (ITC Code)

Product Description

99611319

Yarn

99611319

Grey Fabrics

99611319

Finished Fabrics

 

PRODUCTION STATUS (AS ON 31.03.2011)

 

Particulars

Unit

Actual Production

 

 

 

Finished Fabrics

Mtrs.

6994367.730

 

 

 

 

 

GENERAL INFORMATION

 

Customers :

End Users

 

 

No. of Employees :

Not Avilable

 

 

Bankers :

Punjab and Sind Bank, Shahid Bhagat Singh Colony, J B Nagar, Andheri Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India 

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

Long term borrowings

 

 

Term loans from banks

272.026

382.243

 

 

 

Short term borrowings

 

 

Term loans from banks

165.429

179.955

 

 

 

Total

437.455

562.198

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

B P Trivedi and Associates

Chartered Accountants

Address :

3/926 Navjivan Commercial Premises Co-operative Society Limited, Lamington Road, Mumbai 400008, Maharashtra, India

PAN No.:

AADPT6694C

 

 

Associates:

·         Manohar Fashion Mfg. Company Private Limited

·         Dhana Singh Processors

·         Pee Gee Fabrics Private Limited

·         Pee Gee Synthetics Private Limited

·         G. M. Polyester

·         Saveer Creations

·         Ravinder Silk Factory

·         Bap Educate Private Limited

·         Standered Metal Wires Private Limited

·         Dhana Singh Sons Private Limited

·         Kim Fashions Exports Private Limited

·         Dhana Singh Finishers Private Limited

·         Sidana Silk Mills Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

No. of Shares

Gurbakshish Singh

62653

Raviderkaur G Singh Chugha

60462

Dalbir Singh

60559

Chandeep Kaur

60000

Gurbakshish Singh HUF

62033

Gurdeep Kaur

24438

Jagdish Kaur

24438

Dhanasingh Finishers Private Limited, India

58705

Kim Fashion Exports Private Limited, India

58700

Jagdish Polyster Private Limited, India

35000

Jagdish Kaur and Ms. Gurdeep Kaur

4998

Manohar Fashion (Manufacturer) Private Limited, India

11775

S Prabhadit Singh

121

Gagandeep Kaur

2450

Pure Drapes Private Limited, India

60000

Dalbir Singh HUF

60000

Dilpreet Kaur Batra

100

Total

646432

 

 

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

6.464

6.464

6.464

(b) Reserves & Surplus

761.246

692.730

627.407

(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)

767.710

699.194

633.871

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

272.026

382.243

394.589

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

201.196

249.665

150.195

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

473.222

631.908

544.784

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

165.429

179.955

168.275

(b) Trade payables

184.600

134.071

153.399

(c) Other current liabilities

11.236

8.981

39.936

(d) Short-term provisions

90.635

225.069

172.637

Total Current Liabilities (4)

451.900

548.076

534.247

 

 

 

 

TOTAL

1692.832

1879.178

1712.902

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

705.904

791.436

794.015

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

33.164

51.209

10.786

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

4.438

4.438

4.437

(c) Deferred tax assets (net)

54.864

42.335

29.523

(d)  Long-term Loan and Advances

17.231

16.916

16.093

(e) Other Non-current assets

0.061

0.998

1.932

Total Non-Current Assets

815.662

907.332

856.786

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

7.847

(b) Inventories

252.931

204.413

277.899

(c) Trade receivables

446.376

492.688

310.490

(d) Cash and cash equivalents

8.586

5.367

4.320

(e) Short-term loans and advances

169.277

269.378

255.560

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

877.170

971.846

856.116

 

 

 

 

TOTAL

1692.832

1879.178

1712.902

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

 

31.03.2011

 

SALES

 

 

 

 

 

Income

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

2216.508

2145.860

1377.378

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

1920.035

1826.716

1065.954

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

296.473

319.144

311.424

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

194.254

220.569

201.467

 

 

 

 

 

 

PROFIT BEFORE TAX

102.219

98.575

109.957

 

 

 

 

 

Less

TAX                                                                 

33.704

33.253

43.290

 

 

 

 

 

 

PROFIT AFTER TAX

68.515

65.322

66.667

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

NA

NA

1081.193

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Stores & Spares

10.394

 

 

Plant and Machinery

 

 

134.710

 

 

Yarn

 

 

75.271

 

 

Wall paper and Fabrics

 

 

19.031

 

 

Tracing/Designing Paper

 

 

7.507

 

 

Grey Sample

 

 

0.000

 

 

Colours & Chemicals

 

 

0.478

 

 

Grey fabrics

 

 

1.021

 

TOTAL IMPORTS

NA

NA

248.412

 

 

 

 

 

 

Earnings Per Share (Rs.)

105.99

101.00

103.15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

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 :

Dhanasingh Processors Compound, J B Nagar, Andheri Kurla Road, Mumbai – 400059, Maharashtra, India

Tel. No.:

91-22-66921560/ 61559898

Fax No.:

91-22-66164014

E-Mail :

accounts@gmsyntex.com

gmsyntex@vsnl.net

Website :

www.gmsyntex.com

Location :

Owned

 

 

Factory:

Plot No. D-21/1/1, Plot No. D-21/2/1, Plot No. E-37 and E-38, Plot No. E-32/1/1 and Plot No.E-32/1/2, M.I.D.C, Tarapur Industrial Area, Boisar, Thane

 

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.