MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

RADIANT POLYMERS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Available

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Moulded Engineering Plastic Components.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

·         Canara Bank, Sahibabad, Ghaziabad, Uttar Pradesh, India

·         Allahabad Bank, A -6, Sector10, Noida – 201301, Uttar Pradesh, India

·         Oriental Bank of Commerce, S.S.I. Branch, Sahibabad, Ghaziabad, Uttar Pradesh, India

·         HDFC Bank Limited

·         IDBI Bank Limited

·         ICICI Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term loan from bank *

7.289

6.821

Term loans from others **

7.758

6.597

 

 

 

SHORT TERM BORROWINGS

 

 

Cash and Credit from bank *

207.060

196.633

 

 

 

Total

222.107

210.051

 

NOTE:

 

LONG TERM BORROWINGS

 

*Term Loan from Bank is secured against hypothecation of stock, car, book debts, Plant and Machinery and Collateral security of land and personal guarantee of directors. The term loan is repayable at the interest rate of 14-15% per annum.

 

**Term Loan from other is secured against hypothecation of machines. The term loan is repayable over the period of 4 years and carries interest rate of 15 % per annum.

Cash Credit from bank is secured against hypothecation of stock and book debts. The cash is repayable on demand and carries interest rate of 15% p. a.

 

 

SHORT TERM BORROWINGS

 

*Cash and Credit from bank is secured against hypothecation of stock and book debts. The cash credit is repayable on demand carries interest rate of 15%p.a.

 

 

UNSECURED LOANS

 

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term loans from banks #

1.590

1.265

Loans and advances from others ##

84.361

81.968

Loans and advance from related parties

18.648

12.293

 

 

 

Total

104.599

95.526

 

NOTE:

 

LONG TERM BORROWINGS

 

#Unsecured term loan from bank is repayable over the period of 3 years and carries interest rate of 18% p.a.

 

##Unsecured loan from other parties is repayable over the period of 5 years and carries interest rate of 14.75% to 18% p.a.

 

 

 

Banking Relations :

 

 

 

Financial Institution :

Electronica Finance Limited, 128/A, Plot No.3, Kailashchandra Appartments, Paud Road, Kothrud, Pune, Maharashtra - 411038, India

 

 

Auditors :

 

Name :

S. Bahl and Company

Chartered Accountants

Address :

17, Barakhamba Road, Vijaya Building, (L. G. Floor 69-70), New Delhi – 110001, India

Tel No. :

91-11-23321536

Fax No.:

91-11-23350662

Email :

info@sbahl.com

Website :

www.sabhl.com

PAN No. :

AAIFS7562B

 

 

Associates :

Radiant Complast Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

Names of Shareholders

No. of Shares

%age

Kumud Jayee

99769

50.00

Nalin Bahl

99286

49.76

Pratibha Bahl

483

0.24

 

 

 

Total

199538

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

19.954

19.954

19.954

(b) Reserves & Surplus

115.911

156.231

136.549

(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)

135.865

176.185

156.503

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

119.646

108.944

109.468

(b) Deferred tax liabilities (Net)

4.441

5.043

5.173

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

10.837

0.000

0.000

Total Non-current Liabilities (3)

134.924

113.987

114.641

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

207.060

196.633

217.683

(b) Trade payables

135.240

150.201

105.279

(c) Other current liabilities

48.742

40.615

40.185

(d) Short-term provisions

16.628

16.206

11.982

Total Current Liabilities (4)

407.670

403.655

375.129

 

 

 

 

TOTAL

678.459

693.827

646.273

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

261.852

264.952

255.619

(ii) Intangible Assets

0.661

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

10.050

10.050

10.050

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

7.029

5.705

2.030

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

279.592

280.707

267.699

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

194.744

198.020

187.167

(c) Trade receivables

141.941

131.870

121.429

(d) Cash and cash equivalents

13.984

27.987

13.312

(e) Short-term loans and advances

48.198

55.243

56.666

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

398.867

413.120

378.574

 

 

 

 

TOTAL

678.459

693.827

646.273

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

887.906

790.240

722.914

 

 

Other Income

NA

10.101

1.540

 

 

TOTAL                                    

NA

800.341

724.454

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

(6.849)

55.673

53.534

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

34.073

31.071

29.710

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(40.922)

24.602

23.824

 

 

 

 

 

Less

TAX                                                                 

(0.602)

4.920

7.223

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

(40.320)

19.682

16.601

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

FOB Value of Export

30.543

57.949

88.328

 

TOTAL EARNINGS

30.543

57.949

88.328

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

78.958

75.642

25.525

 

 

Stores & Spares

1.651

0.132

0.050

 

 

Capital Goods

16.665

28.530

22.511

 

TOTAL IMPORTS

97.274

104.304

48.086

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(202.07)

98.63

83.20

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

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 :

17, Barakhamba Road, Vijaya Building, LGF – 69, New Delhi – 110001, Delhi, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

accounts@radiant-polymers.com

accounts@sbahl.com

Website :

http://www.radiant-polymers.com

 

 

Head Office / Plant 1 :

A-4/7-8, Site IV, Sahibabad Industrial Estate, District Ghaziabad, Uttar Pradesh – 201010, India

Tel. No.:

91-120-4537200

Fax No.:

91-120-2896206

 

 

Plant 2 :

Plot No 13 A, Sector 2A, Integrated Industrial Estate, Rudrapur, District, U.S. Nagar – 263153, Uttarakhand, India

 

 

Plant 3 :

Plot No F – 591,592 Industrial Area, Phase – I, Bhiwandi, Diatrict – Alwar, Rajasthan, India

Tel. No.:

91-120-4537200

 

 

Plant 4 :

A – 4/3, Site IV, Sahibabad Industrial Estate, District Ghaziabad, Uttar Pradesh – 201010, India

 

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.