MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ARIHANT ELSYS PRIVATE LIMITED (w.e.f. 06.07.2012)

 

 

Formerly Known As :

ARIHANT SYSTEMS AND ELECTRICALS PRIVATE LIMITED (w.e.f. 04.10.2002)

 

ARIHANT SYSTEMS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

50 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Trader of electric and electronic components and devices.

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Bangladesh

·         Oman

·         Japan

 

 

Imports :

 

Products :

Raw Material

Countries :

·         France

·         China

 

 

Terms :

 

Selling :

Depend

 

 

Purchasing :

Depend

 

GENERAL INFORMATION

 

Suppliers :

Baumer India Private Limited

 

 

Customers :

Nepal Electricity Authority

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

·         Union Bank of India Limited, Maharashtra, India

·         HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Short-term borrowings

 

 

HDFC Bank Cash and Credit A/C

(Secured against hypothecation of stock in trade)

16.633

22.963

Total

16.633

22.963

 

 

 

Unsecured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Short-term borrowings

 

 

Due to directors

2.000

0.000

Total

2.000

0.000

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

M. Sharma and Associates

Chartered Accountants

Address :

109, Wing-II, Hans Bhawan, 1, Bhadur Shah, Zafar Marg, New Delhi – 110 002, India

Tel. No.:

91-11-23378335

Mobile No.:

91-9312638906

E-Mail :

msharmaassociates@gmail.com

PAN No.:

AAHFM2402R

 

 

Enterprise over which any person described in (c) or (d) is able to exercise

significant influence:

·         Arihant Electricals

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 27.09.2013

 

Names of Shareholders

 

No. of Shares

Amit Jain

248502

Ghaniji Consultants Private Limited, India

15500

Binu Jain

214500

Amit Jain and Sons (HUF)

143000

Abhishek Jain

71000

Hemang Jain

71000

Total

763502

 

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

7.635

7.635

7.635

(b) Reserves & Surplus

48.208

45.116

42.032

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.450

0.450

0.450

Total Shareholders’ Funds (1) + (2)

56.293

53.201

50.117

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.100

0.105

0.107

(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)

0.100

0.105

0.107

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

18.633

22.963

11.796

(b) Trade payables

30.370

22.921

32.353

(c) Other current liabilities

1.823

1.863

1.661

(d) Short-term provisions

0.996

1.384

1.413

Total Current Liabilities (4)

51.822

49.131

47.223

 

 

 

 

TOTAL

108.215

102.437

97.447

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.796

0.861

0.802

(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

0.900

5.100

1.500

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.142

0.162

0.330

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1.838

6.123

2.632

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

49.547

41.546

47.801

(c) Trade receivables

48.482

46.752

40.897

(d) Cash and cash equivalents

3.750

3.584

2.759

(e) Short-term loans and advances

2.283

1.940

0.579

(f) Other current assets

2.315

2.492

2.779

Total Current Assets

106.377

96.314

94.815

 

 

 

 

TOTAL

108.215

102.437

97.447

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Gross Receipts

183.504

203.456

180.764

 

Other Income

NA 

NA 

NA 

 

TOTAL

NA 

NA 

NA 

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

 

 

 

Purchases of Stock-in-Trade

 

 

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

 

 

 

 

Employees benefits expense

 

 

 

 

Other expenses

 

 

 

 

TOTAL

NA 

NA 

NA 

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION  

4.439

4.836

4.839

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

0.357

0.369

0.342

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

4.082

4.467

4.497

 

 

 

 

 

Less

TAX

0.990

1.383

1.431

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

3.092

3.084

3.066

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

15.731

12.647

9.581

 

 

 

 

 

 

Balance Carried to the B/S

18.823

15.731

12.647

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

1.563

0.458

 NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

4.05 

NA 

NA 

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

200.000

 

The above information has been parted by Mr. Govind Kumar (Financial/ Account Manager)

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

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 :

24/4866, Sheel Tara House, Ansari Road, Darya Ganj, New Delhi – 110 002, India

Tel. No.:

91-11-23262176/ 23269011/ 23274427

Fax No.:

91-11-23273554

E-Mail :

info@arihantelectricals.com

ajain@arihantelectricals.com

msharmaassociates@rediffmail.com 

govind.kumar@arihantelectricals.com

Website :

www.arisysel.com

www.arihantelectricals.com

Location:

Owned

 

 

Head Office / Corporation Office / Factory :

A-82, Okhla Industrial Area, Phase-II, New Delhi – 110 020, India

Tel. No.:

91-11-47637300/ 47637301

Fax No.:

91-11-47637331/ 23273554

 

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.