MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	H R ORGANO CHEM PRIVATE LIMITED [w.e.f. 05.08.2003]

Formerly Known As :	H.R. TRADING COMPANY PRIVATE LIMITED

Country :	India

Financials (as on) :	31.03.2013

TAN No.: [Tax Deduction & Collection Account No.]	MUMH05403G

PAN No.: [Permanent Account No.]	AABCH0149K

Legal Form :	Private Limited Liability Company

No. of Employees :	45 [Approximately]

BUSINESS DETAILS

Line of Business :	Trader and Importer of Carbon Black, Hydro Carbon Resins.

Imports :
Products :	Raw Materials
Countries :	· USA · Korea · Germany

Terms :
Selling :	Cash and Credit

Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

Ambika Shipping Agency

Customers :

Wholesalers and Others

· A.W. Faber Castle India Private Limited

· Alok Industries Limited

· Astra Chemtech Private Limited

· Bharat Coatings

· Chandra Chem

· Dyestar India Private Limited

· Esdee Paints Limited

· Indus Polytech Private Limited

· Kandui Industries Limited

· Kansai Nerlac Paints Limited

· Saboo Coatings Limited

· M.G. Polyblends

· Radiant Corp Private Limited

· Hi Tech Inks Private Limited

· AVI Industries

· AVM Coatings

No. of Employees :

45 [Approximately]

Bankers :

The Shamrao Vithal Co-op Bank Limited, Anand Building, 82/84, Kazi Syed Street, Mandvi, Mumbai – 400003, Maharashtra, India
ICICI Bank

Facilities :

Secured Loan	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Short Term Borrowings
Loans Repayable of Demand
From Banks	0.958	0.000
TOTAL	0.958	0.000

UNSECURED LOAN

Particulars	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Long Term Borrowings
Bonds/Debenture
Loans and advances from related parties	3.500	3.511
Other loans and advances	1.540	0.000

Short Term Borrowings
Other Loans and Advances	0.803	0.317
TOTAL	5.843	3.828


Banking Relations :	--

Auditors :
Name :	Bharat Kanakia and Associates Chartered Accountants
Address :	602, Abhinandanswami CHS Limited, Plot No. 21, Road No. 25, Sion, Mumbai-400022, Maharashtra, India
Tel. No.:	91-22-24042222
Fax No.:	91-22-24040808
PAN No:	AGPPK5224R

Associates :	H.R. Trading Company

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders		No. of Shares
Anil Pratapraj Parekh		37500
Ramaben Anil Parekh		37500
Jatin Anil Parekh		37500
Smita Jatin Parekh		37500

TOTAL		150000

AS ON 30.09.2013

Equity Share Breakup		Percentage of Holding
Category
Directors or relatives of directors		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	1.500	1.500	1.500
(b) Reserves & Surplus	191.137	154.771	121.665
(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)	192.637	156.271	123.165

(3) Non-Current Liabilities
(a) long-term borrowings	5.040	3.511	3.627
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	61.510	46.510	33.010
Total Non-current Liabilities (3)	66.550	50.021	36.637

(4) Current Liabilities
(a) Short term borrowings	1.761	0.317	5.342
(b) Trade payables	3.093	14.669	16.947
(c) Other current liabilities	5.014	5.962	8.022
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	9.868	20.948	30.311

TOTAL	269.055	227.240	190.113

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	40.450	37.934	34.970
(ii) Intangible Assets	0.023	0.011	0.018
(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	0.250	0.250	0.250
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	69.309	52.948	38.147
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	110.032	91.143	73.385

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	64.712	28.188	42.567
(c) Trade receivables	70.092	85.357	58.944
(d) Cash and cash equivalents	1.881	10.054	1.861
(e) Short-term loans and advances	12.024	6.638	9.764
(f) Other current assets	10.314	5.860	3.592
Total Current Assets	159.023	136.097	116.728

TOTAL	269.055	227.240	190.113

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	579.714	571.112	475.245
		Other Income	24.198	16.051	17.580
		TOTAL (A)	603.912	587.163	492.825

Less	EXPENSES
		Purchase of stock in trade	414.729	371.824
		Employee benefits expenses	32.065	27.427	447.035
		Other expenses	136.707	120.942
		Changes in inventories of finished goods, work in progress and stock in trade	(36.524)	14.379
		TOTAL (B)	546.977	534.572	447.035

Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		56.935	52.591	[Including Financial Expenses and Depreciation]

Less	FINANCIAL EXPENSES (D)		1.521	3.291

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		55.414	49.300

Less/ Add	DEPRECIATION/ AMORTISATION (F)		3.855	2.220

	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		51.559	47.080	45.790

Less	TAX (H)		15.193	13.974	13.963

	PROFIT / (LOSS) AFTER TAX (G-H) (I)		36.366	33.106	31.827

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		154.771	121.665	NA

	BALANCE CARRIED TO THE B/S		191.137	154.771	NA

	Earnings / (Loss) Per Share (Rs.)		242.44	220.71	--

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

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 / Head Office :	112/A, Rawa Chambers- 31, New Marine Lines, Mumbai- 400020, Maharashtra, India
Tel. No.:	91-22-22003546 / 7/ 8 / 40461000
Mobile No.:	91-9987580648 (Ms. Hetal Rawal)
Fax No.:	91-22-22003549
E-Mail :	accounts@hroc.in sales@hrorganochem.com hrorganochem@vsnl.net
Area :	1000 Sq. Ft.
Location :	Owned

Branch Office :	25, Rajendra Place, Flat No. M.K., Gopala Tower, Mazanine Floor, New Delhi – 110008, India
Tel. No.:	91-11-25863261/ 45084920
E-Mail :	delhi@hrorganchem.com

Warehouse :	Located at Bhiwandi (Rahnal Village)
Location :	Owned

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.