MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

BT SOLDERS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMB11208B

 

 

PAN No.:

[Permanent Account No.]

AAACB1806A

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

32 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Solder Wires, Solder Tube and Soldering Products.

 

 

Imports :

 

Products :

Raw Materials

Countries :

·         Singapore

·         Malaysia

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Crown Export

 

 

Customers :

End Users

·         Videocon Industries Limited 

 

 

No. of Employees :

32 (Approximately)

 

 

Bankers :

Syndicate Bank, No.71/1, "Sneha Complex" Basaveshwara Road, Miller's Road, Bangalore - 560052, Karnataka, India

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

LONG TERM BORROWINGS

 

 

Term Loans

 

 

Syndicate Bank

0.287

0.127

Form Others

 

 

Kotak Mahindra Prime Limited

0.877

0.000

SHORT TERM BORROWINGS

 

 

Syndicate Bank, Bangalore

14.593

5.493

Foreign Currency Loan

0.000

16.280

 

 

 

Total

15.757

21.900

 

UNSECURED LOAN

 

As on

31.03.2013

As on

31.03.2012

LONG TERM BORROWINGS

 

 

Loans and Advances from Related Parties

11.410

6.600

SHORT TERM BORROWINGS

 

 

Loans and Advances from Related Parties

7.938

8.920

 

 

 

Total

19.348

15.520

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

P. Manohara Guptha

Chartered Accountants

Address :

'L' Block, Unity Buildings, J C Road, Bangalore – 560002, Karnataka, India 

Tel. No.:

91-80-22236783/4

Fax No.:

91-80-22213203

E-Mail :

yaswantjain@gmail.com

guptamanothar@gmail.com

PAN.:

AAAFD6954E

 

 

Associates :

·         Arvind Toshniwal (HUF)

·         Anant Toshniwal (HUF)

·         Anuj Toshniwal (HUF)

·         Ayush Toshniwal Trust

·         Akshat Toshniwal Trust

·         Ananya Toshniwal Trust

·         Acmetosh Services Private Limited

·         Toshniwal Bros (Sr) Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 28.08.2013

 

Names of Shareholders

 

No. of Shares

Push Palatha Toshniwal

 

100

Arvind Toshniwal

 

4830

Anant Toshniwal

 

3950

Anuj Toshniwal

 

4100

The Triton Trading Company Limited, India

 

1020

Usha Toshniwal

 

6510

Anant Toshniwal

 

1120

Akshat Toshniwal Trust

 

700

Ananya Toshniwal Trust

 

50

Sonali Toshniwal

 

100

Neha Toshniwal

 

100

Anuj Toshniwal

 

1020

Ayush Toshniwal Trust

 

700

 

 

 

Total

 

24300

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

2.430

2.430

2.430

(b) Reserves & Surplus

60.222

53.566

48.825

(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)

62.652

55.996

51.255

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

12.575

6.727

7.801

(b) Deferred tax liabilities (Net)

0.103

0.000

0.123

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

1.061

1.014

1.233

Total Non-current Liabilities (3)

13.739

7.741

9.157

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

22.530

30.693

32.638

(b) Trade payables

30.389

11.697

19.586

(c) Other current liabilities

3.082

6.004

7.262

(d) Short-term provisions

1.876

2.779

3.432

Total Current Liabilities (4)

57.877

51.173

62.918

 

 

 

 

TOTAL

134.268

114.910

123.330

 

 

 

 

ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

18.954

18.355

18.864

(ii) Intangible Assets

0.000

0.000

0.489

(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

7.643

7.084

6.405

(c) Deferred tax assets (net)

0.000

0.033

0.000

(d)  Long-term Loan and Advances

23.407

6.899

5.649

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

50.004

32.371

31.407

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

15.555

19.022

24.585

(c) Trade receivables

62.818

49.997

55.017

(d) Cash and cash equivalents

2.859

4.433

2.324

(e) Short-term loans and advances

2.291

6.686

0.537

(f) Other current assets

0.741

2.401

9.460

Total Current Assets

84.264

82.539

91.923

 

 

 

 

TOTAL

134.268

114.910

123.330

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

256.019

264.718

252.194

 

 

Other Income

3.008

1.580

1.736

 

 

TOTAL                                    

259.027

266.298

253.930

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

240.637

250.109

23.074

 

 

 

 

 

Less

PROFIT BEFORE PROVIDING THE INTEREST, DEPRECIATION , EXCEPTIONAL ITEMS AND PRIOR PERIOD    

18.390

16.325

23.190

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

5.643

5.611

5.495

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

12.747

10.714

17.695

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

1.745

1.989

2.174

 

 

 

 

 

Less

EXCEPTIONAL ITEMS

(0.843)

0.092

0.000

 

 

 

 

 

Less

PRIOR PERIOD EXPENSE

0.000

0.044

0.000

 

 

 

 

 

 

PROFIT BEFORE TAX

11.845

8.589

15.521

 

 

 

 

 

Less

TAX                                                                 

3.778

2.717

5.254

 

 

 

 

 

 

PROFIT AFTER TAX

8.068

5.872

10.267

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

7.015

7.273

5.876

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

1.000

5.000

7.500

 

 

Dividend

1.215

0.972

0.972

 

 

Tax on Dividend

0.197

0.158

0.158

 

BALANCE CARRIED TO THE B/S

12.671

7.015

7.273

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

1.782

1.561

1.237

 

TOTAL EARNINGS

1.782

1.561

1.237

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

149.301

148.336

138.040

 

 

Finished Goods

0.561

0.000

0.000

 

TOTAL IMPORTS

149.862

148.336

138.040

 

 

 

 

 

 

Earnings Per Share (Rs.)

332.01

241.63

412.62

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

322.900

 

 

 

 

 

The above information has been parted by Mr. Manohar

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

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/ Sales Office :

11, Aecs Layout, 1st Stage, Geddalahalli, Sanjaynagar, Bangalore – 560094, Karnataka, India 

Tel. No.:

91-80-23416771/ 23417983 / 84 / 85

Fax No.:

91-80-23416757

E-Mail :

blr@btsolders.com

Website :

http://www.btsolders.com

Location :

Owned

Locality :

Commercial

 

 

Factory :

89, K. R. S. Road, Metagalli, Mysore – 570016, Karnataka, India

Tel. No.:

91-821-2581918/ 2582068

Fax No.:

91-821-2582630

E-Mail :

btsplmys@sancharnet.in

 

 

Mumbai Office :

No.502 and 504 Solaris II, Opposite L and T Gate No 6, Andheri East, Powai Mumbai - 400072, Maharashtra, India

Tel. No.:

91-22-28573734

Fax No.:

91-22-28576813

E-Mail :

acmetoshmbi@vsnl.net

 

 

Delhi Office :

905 Pragathi Tower, Rajindra Place, New Delhi - 110 008, India

Tel. No.:

91-11-25815142 / 25811164

 

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.