MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

VALIANT ORGANICS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMV12015D

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

50 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Organic Chemicals.

 

 

Exports :

 

Products :

Organic Chemicals

Countries :

·         USA

·         Europe

·         Japan

 

 

Imports :

 

Products :

Raw Materials

Countries :

·         USA

·         Europe

·         Taiwan

·         Korea

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

·         ICC Chemical Corporate, USA

 

 

Customers :

Wholesalers and Retailers

 

·         Anupam Rasayan Industries Limited, Sachin, Surat, Gujarat, India

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :
  • HDFC Bank, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India
  • Citibank N.A., Bandra Kurla Complex, Mumbai, Maharashtra, India

 

 

Facilities :

Fund and Non Fund: Rs. 90.000 Millions (From Citibank)

 

 

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Working Capital Loans From Banks

6.704

5.376

 

 

 

Total

6.704

5.376

 

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Loans and Advances From Related Parties

16.400

14.730

 

 

 

Total

16.400

14.730

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Madan Dedhia and Associates

Chartered Accountants

Address :

204, Chheda Bhavan, 98, Surat Street, Masjid East, Mumbai-400009, Maharashtra, India

PAN No:

AAAPV8139M

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

%age

Hemchand Lalji Gala

35627

9.79

Arvind K Chheda

45504

12.50

Aarti Rajendra Gogri

47324

13.00

Manisha Rashesh Gogri

61886

17.00

Meena Manoj Chheda

45504

12.50

Bhanumati Mohan Savla

34613

9.51

Dhanvanti Hemchand Gala

20767

5.70

Vicky Hemchand Gala

34613

9.51

Sumeet Mohanlal Savla

38194

10.49

 

 

 

Total

364032

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

3.640

4.278

4.278

(b) Reserves & Surplus

145.802

151.411

124.632

(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)

149.442

155.689

128.910

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

13.003

11.809

11.096

(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)

13.003

11.809

11.096

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

23.104

20.106

9.230

(b) Trade payables

50.571

27.134

39.570

(c) Other current liabilities

1.220

1.142

1.340

(d) Short-term provisions

39.037

47.071

26.962

Total Current Liabilities (4)

113.932

95.453

77.102

 

 

 

 

TOTAL

276.377

262.951

217.108

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

97.652

95.845

94.270

(ii) Intangible Assets

0.000

0.000

1.945

(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

24.823

3.917

3.916

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

2.043

1.367

1.372

(e) Other Non-current assets

0.033

0.049

0.066

Total Non-Current Assets

124.551

101.178

101.569

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

25.180

32.348

20.875

(c) Trade receivables

65.928

61.762

41.888

(d) Cash and cash equivalents

24.573

25.832

24.294

(e) Short-term loans and advances

36.145

41.831

28.482

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

151.826

161.773

115.539

 

 

 

 

TOTAL

276.377

262.951

217.108

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

339.945

326.767

260.981

 

 

Other Income

12.215

5.124

5.491

 

 

TOTAL                                    

352.160

331.891

266.472

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                        

291.617

272.443

220.151

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX

60.543

59.448

46.321

 

 

 

 

 

Less

TAX                                                     

20.950

20.239

19.587

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

39.593

39.209

26.734

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

128.215

126.910

107.766

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

108.76

--

--

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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 :

109 Udyog Kshetra, 1st Floor, Mulund Goregaon Link Road, Mulund (West), Mumbai – 400080, Maharashtra, India

Tel. No.:

91-22-25913767/ 25913768

Fax No.:

91-22-25913765

E-Mail :

info@aartigroup.com

arwind@aartigroup.com

valiant@bom3.vsnl.net.in

suhas.chewle@aartigroup.in

Area :

300 Sq. ft.

Location :

Owned

 

 

Factory :

2906 and 755, GIDC, Sarigam – 396155, Gujarat, India 

Area :

6000 Sq. ft.

Location :

Leased

 

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.