MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

BK GIULINI SPECIALITIES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2010

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMB16737A

 

 

PAN No.:

[Permanent Account No.]

AACCB9091R

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

13 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Leather Chemicals

 

 

Exports :

 

Products :

Chemicals

Countries :

China

 

 

Imports :

 

Products :

Chemicals

Countries :

·         Brazil

·         Germany

 

 

Terms :

 

Selling :

Cash, Cheque and Credit

 

 

Purchasing :

Cash, Cheque and Credit

 

 

GENERAL INFORMATION

 

No. of Employees :

13 (Approximately)

 

 

Bankers :

Citibank N. A., Global Corporate Banking 1St Floor, Plot C-61, Block-G, Bandra Kurla Complex, Bandra West, Mumbai - 400051, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2010

Rs. In Millions

31.03.2009

Rs. In Millions

Bills discounted with bankers

49.422

27.154

Bank overdraft

0.000

4.043

Total

49.422

31.197

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Kriplani Milani and Company

Chartered Accountants

Address :

203 Mint Chambers, 45/47 Mint Road, Opposite G P O, Fort, Mumbai – 400001, Maharashtra, India

Tel. No.:

91-22-30206855

E-Mail :

office@cakmco.com

PAN No.:

AAKFK0788K

 

 

Holding Company :

·         Rotem Holding GmbH

 

 

Ultimate Holding Company:

·         Israel Chemicals Limited

 

 

Group Companies :

·         Bk Giulini Performance Products Jiangyin) Company Limited, China

·         B K Giulini GmbH, Germany

 

 

Enterprises controlled by key managerial

Personnel :

·         Polson Limited

·         AJK Investments Private Limited

·         Oriental Pharmaceuticals Industries Limited

 

 

MAJOR SHAREHOLDERS

 

As on 10.10.2013

 

Names of Shareholders

No. of Shares

% of Holding

AJK Investments Private Limited, India

110250

24.50

AJI Investments Private Limited, India

110250

24.50

Rotem Holdings GmbH, Germany

224550

49.90

B K Giulini GmbH, Germany

4950

1.10

Total

450000

100.00

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

SOURCES OF FUNDS

 

31.03.2010

31.03.2009

31.03.2008

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

4.500

4.500

4.500

2] Share Application Money

4.570

4.570

4.571

3] Reserves & Surplus

35.364

16.579

1.574

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

44.434

25.649

10.645

LOAN FUNDS

 

 

 

1] Secured Loans

49.422

31.197

7.993

2] Unsecured Loans

2.618

2.618

2.618

TOTAL BORROWING

52.040

33.815

10.611

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

96.474

59.464

21.256

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

1.660

2.013

0.978

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERRED TAX ASSETS

0.361

0.162

0.085

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

7.395

8.804

3.710

 

Sundry Debtors

105.701

81.292

38.210

 

Cash & Bank Balances

3.798

0.461

0.310

 

Other Current Assets

0.000

0.000

0.000

 

Loans & Advances

3.846

1.279

0.502

Total Current Assets

120.740

91.836

42.732

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Sundry Creditors

17.817

28.343

10.102

 

Other Current Liabilities

2.169

2.341

9.879

 

Provisions

6.301

3.863

2.558

Total Current Liabilities

26.287

34.547

22.539

Net Current Assets

94.453

57.289

20.193

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

96.474

59.464

21.256

 

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2010

31.03.2009

31.03.2008

 

SALES

 

 

 

 

 

Income

328.526

226.436

188.222

 

 

Other Income

2.155

1.599

0.000

 

 

TOTAL                                         (A)

330.681

228.035

188.222

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

275.351

187.228

163.067

 

 

Purchase of Stock-in-trade

7.736

6.990

6.580

 

 

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

13.881

9.283

7.215

 

 

Employee Benefits Expenses

0.557

0.000

0.000

 

 

Other Expenses

1.011

0.000

0.000

 

 

TOTAL                                         (B)

298.536

203.501

176.862

 

 

 

 

 

Less

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

32.145

24.534

11.360

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

1.748

1.791

1.028

 

 

 

 

 

 

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

30.397

22.743

10.332

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

0.458

0.465

0.380

 

 

 

 

 

 

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

29.939

22.278

9.952

 

 

 

 

 

Less

TAX                                                                  (H)

11.152

7.275

3.284

 

 

 

 

 

 

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

18.787

15.003

6.668

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

16.578

1.574

(5.094)

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

35.364

16.578

1.574

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

169.120

103.834

111.776

 

TOTAL EARNINGS

169.120

103.834

111.776

 

 

 

 

 

 

Earnings Per Share (Rs.)

41.75

33.34

14.82

 

 


 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

RATING

STATUS

PROPOSED CREDIT LINE

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 :

64 66 Senapati Bapat Marg, Adjacent to Johnson,  Adjacent To Johnson House Mahim, Mumbai – 400016, Maharashtra, India

Tel. No.:

Not Available  

Fax No.:

Not Available  

E-Mail :

mca1234@gmail.com

pravin2063@hotmail.com

 

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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.