MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

COLOUR CHROMES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Available

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of chromium chemicals

 

 

Products :

Products

Item Code No.

Chromic Acid Flakes

28191000

Chrome Oxide Green

28199000

Potassium Chromate

28415090

Sodium Chromate

28415010

Magnesium Carbonate

28369920

Sodium Sulphate

28331900

 

PRODUCTION STATUS (AS ON : 31.03.2012)

 

Particulars

Unit

Actual Production

Chromium Chemicals

MT

1216.79

Other Salts

MT

89.12

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

Axis Bank Limited, Corporate Banking Branch, 3rd Floor, AC Market, 1 Shakespeare Sarani, Kolkata - 700071, West Bengal, India

 

 

Facilities :

Unsecured Loan

 

Rs. In Millions

31.03.2013

Rs. In Millions

31.03.2012

Short Term Borrowings

 

 

Loans Repayable on Demand

 

 

From Related Parties

19.215

21.210

From Others

4.986

0.000

 

 

 

TOTAL

24.201

21.210

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

L B Jha and Company

Chartered Accountant

Address :

GI, Gillander House, 8 Netaji Subhas Road, Kolkata-700001, West Bengal, India 

Tel. No.:

91-33-22425858 / 5407 / 4277

Fax No.:

91-33-22420650 / 2230846

E-Mail :

lbjha@lbjha.com

PAN No.:

AABFL0464G

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

No. of Shares

Vishakha Goenka

24100

M P Goenka and Sons (HUF)

100

Sashi Prasad Goenka (HUF)

100

Apurva Goenka

243600

Manju Goenka

220200

Sashi Prasad Goenka

295400

Apurva Goenka (HUF)

2500

Magnus Chemicals Private Limited, India

89750

Bumpur Power Private Limited, India

10000

Shivmangal Realcom Private Limited, India

30000

Marline Buildcon Private Limited, India

27500

 

 

TOTAL

943250

 

 

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

9.433

9.433

8.758

(b) Reserves & Surplus

66.558

60.580

43.229

(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)

75.991

70.013

51.987

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(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

1.093

0.823

0.709

Total Non-current Liabilities (3)

1.093

0.823

0.709

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

24.201

21.210

23.407

(b) Trade payables

3.166

36.339

51.278

(c) Other current liabilities

0.354

0.472

0.706

(d) Short-term provisions

5.298

2.448

2.625

Total Current Liabilities (4)

33.019

60.469

78.016

 

 

 

 

TOTAL

110.103

131.305

130.712

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

25.386

18.646

15.533

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

5.171

0.000

2.831

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.157

(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

0.191

0.127

10.143

Total Non-Current Assets

30.748

18.773

28.664

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

7.500

(b) Inventories

27.945

19.526

52.234

(c) Trade receivables

25.162

37.935

25.550

(d) Cash and cash equivalents

11.111

32.579

1.206

(e) Short-term loans and advances

14.656

21.700

14.355

(f) Other current assets

0.481

0.792

1.203

Total Current Assets

79.355

112.532

102.048

 

 

 

 

TOTAL

110.103

131.305

130.712

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from Operation

 

301.682

269.671

 

 

Other Income

 

2.642

2.062

 

 

TOTAL                                     (A)

307.511

304.324

271.733

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Material Consumed

188.737

176.203

 

 

Employee benefits expenses

 

6.463

5.614

 

 

Other Expenses

 

87.689

76.727

 

 

Changes in inventories of Finished goods, work in progress and stock in trade

 

7.233

(5.103)

 

 

TOTAL                                     (B)

298.682 (Including Financial and Depreciation Expenses) 

290.122

253.441

 

 

 

 

 

Less

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

 

14.202

18.292

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

 

4.518

4.129

 

 

 

 

 

 

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

 

9.684

14.163

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

2.917

7.520

 

 

 

 

 

 

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

8.829

6.767

6.643

 

 

 

 

 

Less

TAX                                                                  (H)

2.850

2.241

2.491

 

 

 

 

 

 

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

5.979

4.526

4.152

 

 

 

 

 

 

IMPORTS VALUE

NA

116.064

154.040

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

6.34

5.17

4.74

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

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 :

17, Chittaranjan Avenue, 3rd Floor, Kolkata-700072, West Bengal, India 

Tel. No.:

91-33-22215191

Fax No.:

91-33-22251488

E-Mail :

contact@colourchromes.com

Website :

www.colourchromes.com

 

 

Manufacturing Facility 1:

Shri Goenka Mills, Station Road, Shivpur, Varanasi- 221003, Uttar Pradesh, India

 

 

Manufacturing Facility 2:

Plot No. E103 and B58, Sathariya Industrial Development Authority,
Jaunpur – 222202, Uttar Pradesh, India

           

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.