MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

R R PLAST EXTRUSIONS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUM17643D

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Extruder Machine, Plant, PVC Profile Plant, Recycling Plant, PP Inline, Sheet Line Plant, Online Drip Irrigation Plant and Jockey Extruder and its spare parts, accessories and components.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged 

 

 

Bankers :

·         The Bharat Co-Operative Bank Limited, Andheri Branch, Andheri, Mumbai, Maharashtra, India

·         Kotak Mahindra Bank, Mumbai, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Term loan from Kotak Mahindra Bank Limited

4.527

8.031

Less: Shown in Current maturities of Long Term debts

(1.631)

(1.632)

SHORT TERM BORROWINGS

 

 

Buyers credit facility from Kotak Mahindra Bank Limited

6.164

0.000

Overdraft facility from Kotak Mahindra Bank Limited

0.689

0.000

Total

9.749

6.399

 

NOTE:

 

LONG TERM BORROWING

 

Term loan from Kotak Mahindra Bank Limited is repayable in 60 equated monthly installments ending on 1st March 201 6.Secured by way of Equitable mortgage of proposed office premises at Dilkap Centre, Orchid Park, A K Road, Saki Naka, Andheri (East), Mumbai and residential flat of a director.

 

SHORT TERM BORROWING

 

This is secured by way of equitable mortgage of office premises at Dilkap Centre, Orchid Park, A K Road, Saki Naka, Andheri (East), Mumbai and residential flat of a director.

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Jagdish D. Shet and Company

Chartered Accountants

Address :

Navjivan Society, 3/11/22, Lamington Road, Mumbai – 400008, Maharashtra, India

Tel. No. :

91-22-23097756/ 66334558/ 66334559

Fax No. :

91-22-23053573

E-Mail :

audit_taxexpt@yahoo.co.in

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

AAKPS3496A

 

 

Proprietary concern of a director (Associate):

R.R. Engineering Works

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

Names of Shareholders

 

No. of Shares

 

Ramesh Fakira Kamble

 

20000

Jagdish Ramesh Kamble

 

10000

Suman Ramesh Kamble

 

15000

Shruti Jagdish Kamble

 

5000

 

 

 

Total

 

50000

 


 

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

0.500

0.500

0.500

(b) Reserves & Surplus

50.270

40.563

22.419

(c) Money received against share warrants

00000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.070

0.070

Total Shareholders’ Funds (1) + (2)

50.770

41.133

22.989

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.895

6.399

8.051

(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

0.000

0.000

0.000

Total Non-current Liabilities (3)

2.895

6.399

8.051

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

6.854

0.000

0.000

(b) Trade payables

102.678

127.207

82.878

(c) Other current liabilities

1.632

1.632

1.475

(d) Short-term provisions

0.792

0.821

0.687

Total Current Liabilities (4)

111.956

129.660

85.040

 

 

 

 

TOTAL

165.621

177.192

116.080

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

16.965

16.169

15.197

(ii) Intangible Assets

0.370

0.151

0.370

(iii) Capital work-in-progress

38.266

25.865

22.516

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.100

0.100

0.100

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.902

0.708

0.589

(e) Other Non-current assets

0.048

0.056

0.055

Total Non-Current Assets

56.651

43.049

38.827

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

53.917

70.900

35.518

(c) Trade receivables

13.372

22.984

16.127

(d) Cash and cash equivalents

31.802

28.984

13.411

(e) Short-term loans and advances

9.879

11.275

12.197

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

108.970

134.143

77.253

 

 

 

 

TOTAL

165.621

177.192

116.080

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

 

SALES

 

 

 

 

 

Income

353.686

533.598

367.466

 

 

Other Income

7.514

9.215

5.524

 

 

TOTAL                                     (A)

361.200

542.813

372.990

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

342.679

513.195

348.771

 

 

 

 

 

 

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

18.521

29.618

24.219

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

1.471

0.358

0.409

 

 

 

 

 

 

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

17.050

29.260

23.810

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.543

2.586

2.325

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                 (G)           

14.507

26.674

21.485

 

 

 

 

 

Less

TAX                                                                  (H)

4.800

8.730

7.360

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX (G-H)                  (I)

9.707

17.944

14.125

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

39.563

21.619

7.756

 

 

 

 

 

Less

TAX PROVISION OF EARLIER YEAR ADJUSTED

0.000

0.000

0.262

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

49.270

39.563

21.619

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

40.566

90.051

42.577

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Machines, spare parts Components and accessories

70.582

166.066

106.227

 

TOTAL IMPORTS

70.582

166.066

106.227

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

194.14

358.88

282.50

 

 

NATURE OF ACTIVITY

 

The Subject was incorporated on 23rd February, 2005 and assembler is the manufacturer of Extruder Machine, Plant, PVC Profile Plant, Recycling Plant, PP Inline, Sheet Line Plant, Online Drip Irrigation Plant and Jockey Extruder and its spare parts, accessories and components.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (41)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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/ Head Office :

B-3, Nand Jyot Industrial Estate, Safed Pool, Saki Naka, Andheri - Kurla Road, Andheri (East), Mumbai – 400072, Maharashtra, India

Tel. No. :

91-22-28528247/ 42461500/ 501/ 28520396

Fax No. :

91-22-28509603

E-Mail :

rrengg@vsnl.net

info@rrplast.com

Website :

www.rrplast.com

 

 

Factory :

Survey No. - 164/4, 12/1, National Highway, Opposite Neel Engineering Company, Village Asangaon (West), Shahpur, Thane - 421301, Maharashtra, India

Tel. No. :

91-2527-270056

Fax No. :

91-2527-270056

 

 

CHANGE OF ADDRESS

 

The registered office of the company has been shifted from C-1/18, Jyoti Sadan Co-Operative Housing Society, Gulmohar Cross Road, 6, JVPD Scheme Juhu Vile Parle (West), Mumbai – 400049, Maharashtra, India to the present address w.e.f. 08.02.2007.

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.