MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

TECHNO PROCESS EQUIPMENTS (INDIA) PRIVATE LIMITED

 

 

Formerly Known As :

TECHNO PROCESS EQUIPMENTS (INDIA) LIMITED (w.e.f. 09.01.2010)

 

TECHNO PROCESS EQUIPMENTS (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMT13282D

 

 

PAN No.:

[Permanent Account No.]

AABCT2398C

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Information denied by management

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Importer of Engineering Products used in Chemical Industry.

 

 

GENERAL INFORMATION

 

Suppliers :

·         Aarpee Trading Company

·         Ambica Hardware and Paints

·         Arihant Source Corporation

·         Bhagyalaxmi Steel Suppliers

·         Chaudhary and Sons

·         Dmsons Metal Private Limited

·         Epcoat Surface System

·         IGP Engineers

·         Indo Therm Engineers Private Limited

·         J.D Steel Corporation

·         Jaybee Steel Treaters Private Limited

·         Kamal Agencies

·         Maharashtra Industrial Marketing Company

·         Maltrl Industries

·         Mogora Cosmic Private Limited

·         Popular Enterprise

·         President Steel (India)

·         Sainest Tubes Private Limited

·         Shalimar Paints Limited

·         Shiv Shakti Traders

·         Shree Engineers

·         Shree Krishna Sales Agencies

·         Unique Trading Company

·         Utsav Steel Corporation

·         Yogeeta Enterprises

 

 

Customers :

·         ABB Limited

·         Advance Composites Private Limited.

·         Bhavani Engineering Works

·         Bliss Anand Private Limited

·         CHW Forge Private Limited

·         Creative Moulds and Dies

·         Five Bros Forgings Private Limited

·         Kansas City Deaeator Inc.

·         Kin Hydraulics Systems

·         Laurenco Marine

·         Meghna Metallurigical

·         Mew Engineering Works Private Limited

·         President Engineering Works

·         Suyash Enterprise

 

 

No. of Employees :

Information denied by management

 

 

Bankers :

·         Punjab National Bank, Shilpyan, Shivaji Path Lane, Thane (West), Navi Mumbai  – 400603, Maharashtra, India

·         HDFC Bank Limited

·         State Bank of India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Punjab National Bank Term Loan

3.495

7.327

Short Term Borrowings

 

 

Punjab National Bank Cash Credit A/C No. 8756

25.051

58.018

Total

28.546

65.345

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Minhaz and Company 

Chartered Accountants

Address :

7/10, Botawala Building, 1st Floor, Horniman Circle, Fort, Mumbai – 400023, Maharashtra, India

Tel. No.:

91-22-22663534 / 22696390

E-Mail :

minhazcompany@gmail.com

PAN.:

AACPL3719M

 

 

MAJOR SHAREHOLDERS

 

As on 20.09.2013

 

Names of Shareholders

 

No. of Shares

Ajit Hari Singh

 

330000

Ajaypal Ajit Singh

 

83980

Harjeet Ajitsingh Kaur

 

6000

Amandeep Ajitsingh Singh

 

80005

Gina Ajaypal Singh

 

5

Tara Sadhram Singh

 

5

Ranjeet Tara Singh

 

5

Total

 

500000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 20.09.2013

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

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

5.000

5.000

5.000

(b) Reserves & Surplus

134.058

108.311

81.179

(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)

139.058

113.311

86.179

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

23.495

27.327

20.000

(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)

23.495

27.327

20.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

25.051

58.018

57.122

(b) Trade payables

20.939

94.034

44.179

(c) Other current liabilities

60.402

52.079

22.297

(d) Short-term provisions

29.000

24.650

30.250

Total Current Liabilities (4)

135.392

228.781

153.848

 

 

 

 

TOTAL

297.945

396.419

260.027

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

86.930

67.512

58.022

(ii) Intangible Assets

1.125

1.134

1.149

(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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.046

0.092

0.138

Total Non-Current Assets

88.101

68.738

59.309

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

120.396

81.020

85.273

(c) Trade receivables

42.931

160.218

63.081

(d) Cash and cash equivalents

12.925

15.999

13.229

(e) Short-term loans and advances

5.125

19.080

4.714

(f) Other current assets

28.467

24.364

34.421

Total Current Assets

209.844

300.681

200.718

 

 

 

 

TOTAL

297.945

369.419

260.027

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

461.781

570.467

602.066

 

 

Other Income

3.652

1.676

5.582

 

 

TOTAL                                         (A)

465.433

572.143

607.648

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

436.778

481.793

 

 

Operating and administrative expenses

 

4.254

77.348

 

 

Changes in Inventories of finished goods, work-in-progress and stock-in-trade

 

23.148

(33.220)

 

 

Employee Benefits Expenses

 

42.472

32.454

 

 

Other Expenses

 

0.821

0.045

 

 

TOTAL                                         (B)

NA

507.473

558.420

 

 

 

 

 

Less

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

NA

64.670

49.228

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

NA

16.852

13.562

 

 

 

 

 

 

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

47.098

47.818

35.666

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

6.351

6.686

3.785

 

 

 

 

 

 

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

40.746

41.132

31.881

 

 

 

 

 

Less

TAX                                                                  (H)

15.000

14.000

10.650

 

 

 

 

 

 

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

25.746

27.132

21.231

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

61.211

46.079

32.848

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

13.000

12.000

8.000

 

BALANCE CARRIED TO THE B/S

73.957

61.211

46.079

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

1.474

0.000

0.000

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

40.436

14.616

97.419

 

TOTAL IMPORTS

40.436

14.616

97.419

 

 

 

 

 

 

Earnings Per Share (Rs.)

51.49

54.26

42.46

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (44)

 

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 DEFAILTERS’ LIST STATUS

 

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

 

LOCATIONS

 

Registered Office :

215-219, Ashok Industrial Premises, L.B.S Marg, Bhandup (West), Mumbai – 400078, Maharashtra, India

Tel. No.:

91-22-25964793 / 25922708 / 25922708 / 25922710

Fax No.:

91-22-25962713

E-Mail :

tpeho@vsnl.com

tpeho@vsnl.com

Website :

www.technoprocess.com

Location :

Owned

 

 

Factory :

R 261, MIDC, Rabale, Thane – 400701, Maharashtra, India

Area :

800 Sq Mtrs

Location :

Owned

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.