IDENTIFICATION DETAILS
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Name : |
TARACHAND INTERNATIONAL PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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10 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Trader of Steel and Ship Breakers. |
GENERAL INFORMATION
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No. of Employees : |
10 (Approximately) |
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Bankers : |
·
Union Bank Of Mumbai Samachar Marg Branch, 66/80, Mumbai Samachar Marg,
Fort, Mumbai - 400023, |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R.G. Jain And Company Chartered Accountants |
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Address : |
5th Floor, 507, Kakad Market, 306, Kalbadevi Road, Mumbai – 400002, Maharashtra,
India |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFR3925A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
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Names of Shareholders |
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No. of Shares |
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Vinodkumar Omprakash Kainya |
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2850000 |
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Sunita Kainya |
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100000 |
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Pride Ispat Private Limited, India |
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2000000 |
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Total |
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4950000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
49.500 |
5.000 |
0.100 |
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(b) Reserves & Surplus |
80.984 |
0.475 |
(0.019) |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
130.484 |
5.475 |
0.081 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
30.449 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
30.449 |
0.000 |
0.000 |
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(4)
Current Liabilities |
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(a)
Short term borrowings |
48.122 |
0.000 |
0.190 |
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(b)
Trade payables |
358.875 |
17.691 |
0.000 |
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(c)
Other current liabilities |
11.245 |
0.045 |
0.008 |
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(d) Short-term
provisions |
0.451 |
0.257 |
0.000 |
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Total Current
Liabilities (4) |
418.693 |
17.993 |
0.198 |
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TOTAL |
579.626 |
23.468 |
0.279 |
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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 |
2.703 |
0.000 |
0.000 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
0.047 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
3.338 |
0.030 |
0.025 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
6.088 |
0.030 |
0.025 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
87.381 |
0.495 |
0.000 |
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(c)
Trade receivables |
317.176 |
17.763 |
0.000 |
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(d) Cash
and cash equivalents |
49.323 |
0.125 |
0.015 |
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(e)
Short-term loans and advances |
118.740 |
5.055 |
0.100 |
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(f)
Other current assets |
0.918 |
0.000 |
0.139 |
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Total
Current Assets |
573.538 |
23.438 |
0.254 |
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TOTAL |
579.626 |
23.468 |
0.279 |
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 |
329.702 |
30.484 |
0.000 |
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Other Income |
1.749 |
0.000 |
0.000 |
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TOTAL (A) |
331.451 |
30.484 |
0.000 |
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Less |
EXPENSES |
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Purchases of Stock-in-Trade |
347.498 |
29.791 |
0.000 |
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Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(32.637) |
(0.495) |
0.000 |
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Employees benefits expense |
0.432 |
0.085 |
0.000 |
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Other expenses |
7.803 |
0.347 |
0.019 |
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TOTAL (B) |
323.096 |
29.728 |
0.019 |
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Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.355 |
0.756 |
(0.019) |
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Less |
FINANCIAL
EXPENSES (D) |
7.024 |
0.006 |
0.000 |
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PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.331 |
0.750 |
(0.019) |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.412 |
0.000 |
0.000 |
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PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
0.919 |
0.750 |
(0.019) |
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Less |
TAX (H) |
0.410 |
0.257 |
0.000 |
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PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
0.509 |
0.493 |
(0.019) |
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Earnings Per/
(Loss) Share (Rs.) |
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Basic
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0.10 |
0.99 |
(1.85) |
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Diluted
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0.28 |
43.48 |
(1.85) |
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CORPORATE INFORMATION
Subject is a private limited company domiciled in India incorporated
under the provision of the Companies Act, 1956. The Company is engaged in
trading of Scrap Iron and Steel. The Company at present caters to only domestic
markets.
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 : |
12, Bake House, 2nd Floor, 201, M.C.C. Lane, Fort,
Mumbai - 400023, Maharashtra, India |
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Tel. No.: |
91-22-23741353 / 23741356/ 57 |
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Mobile No.: |
91-9320439419 (Mr. Sitaram) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
500 Sq. ft. |
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Location : |
Owned |
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Ship Breaking Yard : |
Plot No. 106/5, Reti Bunder, Darukhana, Reay Road, Mumbai – 400010,
Maharashtra, 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.