MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

SONAL PLASRUB INDUSTRIES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS39964B

MUMS29829C

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

150 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Chemicals.

 

 

PRODUCTION STATUS [AS ON 31.03.2011]

 

 

Particulars

Unit

Installed Capacity

Organic Bromide

T.P.A

150

 

 

GENERAL INFORMATION

 

Suppliers :

·         Aavkar Dye Chem

·         Abhishek Computers

·         Achal Enterprises

·         Ashwini Enterprises

·         Anu's Laboratories Limited

·         Balaji Chemicals

·         Bhoomi Fine Chemicals

·         BI-Chem (India) Private Limited

·         Bombay Mercantile Corporation

·         CGS Infotech Solutions Private Limited

·         Daural Sugar Work

·         Drishti Enterprise

·         Drishti Sales Corporation

 

 

Customers :

·         Aurobindo Pharma Limited

·         Cirex Pharmaceuticals Limited

·         Glenmark Pharmaceuticals Limited

·         Inogent Laboratories Private Limited

·         Indus Bi-Science

·         Jubilant Life Science Limited

·         Krupa Chemicals

·         Maruti Chemicals

·         Matrix Laboratories Limited

·         Teckbond Laboratories Private Limited

 

 

No. of Employees :

150 (Approximately)

 

 

Bankers :

·         Bank of Baroda, IBB Branch, S.V. Road, Kandivali (West), Mumbai - 400067,

·         Maharashtra, India

·         The Kapol Co-Operative Bank Limited, Royal House, 1st Floor, Mathurdas Road, Kandivali, West, Mumbai - 400067, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Long-term Borrowings

 

 

Reliance Capital Limited.(Car Loan)

0.545

0.875

Daimler Financial Services Private Limited. (Car Loan)

2.261

0.000

Short-term borrowings

 

 

Cash Credit from Kapol Bank

16.980

6.999

Bank Overdraft from Kapol Bank

10.240

10.202

Total

30.026

18.076

 

 

 

Unsecured Loan

 

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Long-term Borrowings

 

 

Loan from Directors

 

 

Shri Prashant Purecha

0.000

4.814

Shri Manish Purecha

0.000

3.436

Shri Prabodh Purecha

0.000

(0.001)

Loan from Share Holders

 

 

A K Purecha HUF

0.000

0.280

Anil K. Purecha

0.000

0.754

Jasmin Purecha

0.000

0.416

Liladhar Toprani

(1.130)

0.020

Naishad Jawahar Paleja

0.621

0.484

P.K. Purecha HUF

0.000

0.086

Priyanka Enterprises

12.040

18.876

Smt. Roopa P. Purecha

0.000

0.002

Total

11.531

29.167

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Financial Institute:

The Maharashtra State Financial Corporation, New Exclsior Building; 5th; 7th; 8th 9th Floors, Amrit Keshav Nayak Marg; Fort, Bombay - 400001, Maharashtra, India

 

 

Auditors :

 

Name :

NBS and Company

Chartered Accountants

Address :

701, Akanksha CHS, Near Naupada Police Station, Prashant Nagar, Thane-400602, Maharashtra, India

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

AAAFN5249E

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

 

No. of Shares

Tushtii P. Purecha

Prashant K. Purecha

 

200

Tushtii P. Purecha

Prashant K. Purecha

 

500

Manish A. Purecha

Jasmine M. Purecha

 

269

Manish A. Purecha

Masmin M. Purecha

 

1

Manish A. Purecha

Jasmine M. Purecha

 

500

Manish A. Purecha

Jasmine M. Purecha

 

500

Tushtii P. Purecha

Prashant K. Purecha

 

700

Bansari P. Purecha

Prashant K. Purecha

 

1000

Prashant K. Purecha

Bansari P. Purecha

 

1000

Anil K. Purecha

Minaxi A. Purecha

 

370

Anil K. Purecha

Manish A. Purecha

 

490

Anil K. Purecha

Minaxi A. Purecha

 

1000

Anil K. Purecha

Minaxi A. Purecha

 

50

Anil K. Purecha HUF

Minaxi A. Purecha

 

150

Jigar Mahesh Toprani

 

600

Rakhee Prabodh Purecha

 

600

Priyanka Enterprises

 

50

Naishad Paleja

 

10

Carp Fine Chem Private Limited

 

10

 

 

 

TOTAL

 

8000

 

As on 20.12.2013

 

Names of Allottees

 

No. of Shares

Prashant K. Purecha

 

100000

Manish A. Purecha

 

100000

Total

 

200000

 

 

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

0.800

0.800

0.800

(b) Reserves & Surplus

10.669

2.955

(3.407)

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

20.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

31.469

3.755

(2.607)

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

14.337

30.043

33.474

(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)

14.337

30.043

33.474

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

27.220

17.200

16.193

(b) Trade payables

53.319

30.610

28.243

(c) Other current liabilities

10.134

8.329

3.415

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

90.673

56.139

47.851

 

 

 

 

TOTAL

136.479

89.937

78.718

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

16.353

11.534

11.374

(ii) Intangible Assets

0.000

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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.426

0.478

0.428

(d)  Long-term Loan and Advances

14.928

12.402

14.039

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

31.707

24.414

25.841

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

5.075

2.500

1.200

(b) Inventories

43.228

23.533

39.216

(c) Trade receivables

39.764

35.320

10.244

(d) Cash and cash equivalents

8.850

1.549

1.085

(e) Short-term loans and advances

7.855

2.621

1.132

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

104.772

65.523

52.877

 

 

 

 

TOTAL

136.479

89.937

78.718

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

190.775

164.210

139.839

 

 

Other Income

0.707

0.217

0.045

 

 

TOTAL                                     (A)

191.482

164.427

139.884

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Raw Materials Including Packaging Materials Consumed

134.193

126.149

106.785

 

 

Employee Benefits Expenses

13.286

7.741

5.165

 

 

Other Expenses

27.338

14.264

14.692

 

 

Changes in Inventories of Finished Goods, Work in Progress

(4.690)

(1.429)

(1.907)

 

 

TOTAL                                     (B)

170.127

146.725

124.735

 

 

 

 

 

Less

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

21.355

17.702

15.149

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

7.509

6.499

6.421

 

 

 

 

 

 

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

13.846

11.203

8.728

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.056

1.736

1.584

 

 

 

 

 

 

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

11.790

9.467

7.144

 

 

 

 

 

Less

TAX                                                                  (H)

4.076

3.104

2.510

 

 

 

 

 

 

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

7.714

6.363

4.634

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

NA

NA

(10.885)

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

NA

NA

(6.251)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

964.25

795.37

579.28

 

Particulars

 

 

 

31.03.2014

Sales Turnover (Approximately)

 

 

160.000

 

The above information has been parted by Mr. Milesh (Senior Accountant)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

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 DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

LOCATIONS

 

Registered Office :

404, Rimsan Estate Premises Co-operative Society, Chincholi Bunder Link Road, Malad (West), Mumbai-400064, Maharashtra, India  

Tel. No.:

91-22-40949499

Fax No.:

91-22-40949488

E-Mail :

pkp@purechagroup.com

purecha@vsnl.com

Website:

www.purechagroup/com

 

 

Corporate Office :

3, Giri Kunj, M.G. Kriss Road, Extension No, Mumbai-400067, Maharashtra, India

 

 

Factory:

L-25, M.I.D.C., Tarapur Industrial Area, District – Thane, Boisar, Mumbai-401506, Maharashtra, India

 

NOTE: The registered office of the company has been shifted from L-25, M.I.D.C., Tarapur Industrial Area, District – Thane, Boisar, Mumbai-401506, Maharashtra, India to the present address w.e.f.05.07.2011.

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.