MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
PLASTEX PRODUCTS PRIVATE LIMITED (w.e.f. 24.06.2009) |
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Formerly Known
As : |
HARIA GARMENTS PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH07582B |
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PAN No.: [Permanent Account No.] |
AAACH1453K |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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150 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Textile Fabric and Readymade Garments. |
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Exports : |
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Countries : |
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Imports : |
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Products : |
Machinery |
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Countries : |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
GENERAL INFORMATION
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Suppliers : |
·
JBM Industries Limited |
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Customers : |
Wholesalers ·
Citizen Synthetics Private Limited |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
· IDBI Bank, Specilzed Corporate Branch-Mcg, 47 Opus Centre, Central Road, MIDC, Andheri (East), Mumbai - 400093, Maharashtra, India ·
IDBI Bank Limited, |
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Facilities : |
UNSECURED LOANS
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sunderji Gosar and Company Chartered Accountants |
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Address : |
301, Hind Rajasthan Building 95, Dadasaheb Phalke Road, Dadar (Central
Railway), Mumbai – 400014, Maharashtra, India |
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Tel. No.: |
91-22-24113441 / 24150146 |
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Fax No.: |
91-22-24168974 |
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E-Mail : |
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PAN No.: |
AALPS9313H |
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Enterprises over which key management personnel is able to exercise
significant influence : |
² Best Paper Mills
Private Limited ² Best Knitting
Mills Private Limited ² Haria Exports
Limited ² Vilco Pharma
Private Limited ² Haria
Investments Private Limited ² Kumar
International |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
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Names of Shareholders |
No. of Shares |
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Kantilal L Hairia |
23400 |
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Haria Manish Sheetal |
20300 |
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Manish K. Haria |
28100 |
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Haria Bimal Minti |
20300 |
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Bimal K. Haria |
28100 |
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Haria Dhirajlal Ratanben |
9800 |
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Best Paper Mills Private Limited, India |
128000 |
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Kunal R. Shah |
2000 |
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Total |
260000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2013 |
31.03.2012 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders'
Funds |
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(a) Share Capital |
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26.000 |
26.000 |
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(b) Reserves & Surplus |
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51.436 |
33.189 |
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(c) Money
received against share warrants |
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0.000 |
0.000 |
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(2) Share Application money pending allotment |
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0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
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77.436 |
59.189 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
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118.816 |
98.156 |
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(b) Deferred tax liabilities (Net) |
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7.761 |
7.971 |
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(c) Other long term liabilities |
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2.651 |
2.657 |
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(d) long-term provisions |
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0.000 |
0.000 |
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Total Non-current Liabilities (3) |
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129.228 |
108.784 |
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(4) Current Liabilities |
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(a) Short term borrowings |
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121.058 |
69.793 |
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(b) Trade payables |
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12.728 |
21.259 |
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(c) Other current
liabilities |
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3.271 |
9.696 |
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(d) Short-term provisions |
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8.934 |
5.597 |
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Total Current Liabilities (4) |
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145.991 |
106.345 |
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TOTAL |
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352.655 |
274.318 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
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123.373 |
126.406 |
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(ii) Intangible Assets |
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0.000 |
0.000 |
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(iii) Capital
work-in-progress |
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0.000 |
0.000 |
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(iv)
Intangible assets under development |
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0.000 |
0.000 |
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(b) Non-current Investments |
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2.112 |
0.000 |
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(c) Deferred tax assets (net) |
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0.000 |
0.000 |
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(d) Long-term Loan and Advances |
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49.358 |
21.278 |
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(e) Other Non-current assets |
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0.000 |
0.000 |
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Total Non-Current Assets |
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174.843 |
147.684 |
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(2) Current assets |
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(a) Current investments |
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0.000 |
0.000 |
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(b) Inventories |
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34.734 |
36.534 |
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(c) Trade receivables |
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127.163 |
78.651 |
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(d) Cash and cash
equivalents |
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10.638 |
6.301 |
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(e) Short-term loans and
advances |
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4.875 |
4.757 |
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(f) Other current assets |
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0.402 |
0.391 |
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Total Current Assets |
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177.812 |
126.634 |
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TOTAL |
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352.655 |
274.318 |
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SOURCES OF FUNDS |
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31.03.2011 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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26.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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23.560 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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49.560 |
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LOAN FUNDS |
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1] Secured Loans |
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30.393 |
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2] Unsecured Loans |
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60.405 |
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TOTAL BORROWING |
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90.798 |
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DEFERRED TAX LIABILITIES |
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2.383 |
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TOTAL |
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142.741 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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84.647 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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35.106
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Sundry Debtors |
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42.195
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Cash & Bank Balances |
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1.648
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Other Current Assets |
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0.000
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Loans & Advances |
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15.362
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Total
Current Assets |
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94.311
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
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Provisions |
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0.000
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Total
Current Liabilities |
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36.217
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Net Current Assets |
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58.094
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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142.741 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
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399.683 |
214.235 |
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Other Income |
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0.558 |
1.239 |
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TOTAL |
556.866 |
400.241 |
215.474 |
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Less |
EXPENSES |
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Cost of Material |
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299.506 |
150.951 |
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Purchase of stock-in-trade |
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3.044 |
0.000 |
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Cost of Consumable Used |
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0.000 |
0.606 |
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Changes in inventories of finished goods, work in progress and stock
in trade |
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(6.109) |
0.000 |
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Administrative Expenses |
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0.000 |
14.178 |
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Employee benefit |
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13.516 |
0.000 |
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Manufacturing Expenses |
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0.000 |
11.252 |
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Selling Expenses |
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0.000 |
4.255 |
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Increase/Decrease in Stock |
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0.000 |
2.294 |
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Other Expenses |
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42.526 |
0.000 |
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Exceptional Item |
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0.689 |
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TOTAL |
529.790 |
353.172 |
183.536 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(Including Financial and Depreciation) |
47.069 |
31.938 |
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Less |
FINANCIAL
EXPENSES |
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7.089 |
3.019 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
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39.980 |
28.919
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Less/ Add |
DEPRECIATION/
AMORTISATION |
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16.073 |
8.547 |
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PROFIT BEFORE
TAX |
27.076 |
23.907 |
20.372 |
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Less |
TAX |
8.830 |
10.491 |
1.107 |
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PROFIT AFTER TAX
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18.246 |
13.416 |
19.265 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
22.119 |
2.854 |
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BALANCE CARRIED
TO THE B/S |
NA |
NA |
22.119 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export of Goods (FOB Basis) |
0.782 |
14.747 |
0.829 |
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TOTAL EARNINGS |
0.782 |
14.747 |
0.829 |
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IMPORTS |
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Raw Materials |
15.491 |
11.477 |
7.225 |
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Capital Goods |
8.741 |
55.728 |
56.973 |
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TOTAL IMPORTS |
24.232 |
67.205 |
64.198 |
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Earnings Per
Share (Rs.) |
70.18 |
51.60 |
74.10 |
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Particulars |
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31.03.2014 |
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Sales Turnover (Approximately) |
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600.000 |
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The above information has been parted by Mr. Vijay
RATING & COMMENTS
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MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
RBI DEFAULTERS LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
Haria Centre 8, Subhash Road, Vile Parle (East), Mumbai – 400057,
Maharashtra, India |
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Tel. No.: |
91-22-40973000 / 55023205 |
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Fax No.: |
91-22-40973030 |
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E-Mail : |
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Website : |
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Factory 1 : |
N7, Raj Laxmi – Hitch Complex, Mumbai Nashik Highway, Bhiwandi – 421302, Thane, Maharashtra, India |
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Tel. No.: |
91-2522-646136 |
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Factory 2 : |
Plot No. 345/358, GIDC Industrial Zone, Silvasa Road, Vapi – 396195,
Gujarat, India |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.