MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

GARGI HUTTENES ALBERTUS PRIVATE LIMITED (w.e.f.31.07.2001)

 

 

Formerly Known As :

GARGI HUTTENES ALBERTUS LIMITED (w.e.f.01.07.1997)

 

GARGI HUTTENES ALBERTUS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMG08652A

 

 

PAN No.:

[Permanent Account No.]

AAACG3997K

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Resins, Reaction Initiators and Coatings used by foundry industries

 

 

Products :

Item Code No. (ITC Code)

 

Product Description

39094020

P F Resins

38159000

Reaction Initiators

38160000

Refractory Coatings

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         Citi Bank N. A.

Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra, India

 

·         The Cosmos Co-Operative Bank Limited

Chembur Branch, Richmonds Heights, Plot No.239, Centre Avenue Road, Chembur, Mumbai – 400071, Maharashtra, India 

 

·         Development Credit Bank Limited

Vashi Branch, Mumbai – 400703, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Rupee term loans from bank

[Secured by Mortgage of Land and Building at Khopoli, Guaranteed by the Managing Directors, Secured by hypothecation of Plant and Machinery at Khopoli, Guaranteed by the Managing Directors]

9.934

25.410

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

[Secured by hypothecation of stock and book-debts and by pari-passu charge on current assets, Secured by pari-passu charge on Current Assets]

125.895

80.543

 

 

 

Total

 

135.829

105.953

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Loans and advances from directors

33.008

53.886

Loans and advances from others

48.860

76.596

Deposits from others

10.965

11.045

 

 

 

Total

 

92.833

141.527

 

Banking Relations :

--

 

 

Auditors :

 

Name :

J.V. Sanghvi and Company

Chartered Accountants

Address :

Office No.1, Namrata – A, 90 Feet Road, Building No.4, Ghatkopar (East), Mumbai – 400077, Maharashtra, India

Tel. No. :

91-22-32449541

PAN No. :

AAGPS0434E

 

 

Subsidiary Company :

Gargi Huttenes-Albertus Emirates L.L.C. F.Z.C.

 

 

Associates :

¨       Gargi Chemicals Private Limited [U24110MH1977PTC019480]

¨       Gargi Holdings Private Limited [U65990MH1983PTC029733]

¨       Gargi Steelchem Private Limited [U27106MH1981PTC024307]

¨       Gargi Metallurgical Corpn

¨       Gargi Engineering Enterprises Private Limited [U28920MH2000PTC125667]

¨       Gaurav Infrabuild Private Limited [U24100MH1984PTC034540]

¨       Gargi Magna Steelchem Private Limited [U27107PN2007PTC131045]

¨       Gargi Crystal Steel Chem Private Limited [U27310GJ2006PTC048174]

 

 

Others :

¨       Huttenes Albertus Chemische Werke Gmbh

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 24.09.2013

 

Names of Shareholders

 

No. of Shares

Vinod Kapur HUF

88000

Vicky Kapur HUF

88000

Vinod Kapur Jointly with Sangeeta Mehra and Suresh Mehra

1

Huttenes Albertus Chemische Werke Gmbh, Germany

388000

Vicky Kapur Jointly with Rajkumar  Kapur

1

Varun Kapur Jointly with Namita Kapur

47839

Vicky Kapur

154776

Vinod Kapur

154774

Vinod Kapur Jointly with Sabita Pal 

2

Vinod Kapur Jointly with Madhuri Mehra 

1

Vicky Kapur

1

Vicky Kapur Jointly with Bina Ray

1

Vicky Kapur

1

Vicky Kapur Jointly with Vibha Kapur

1

Vicky Kapur Jointly with Anisha Kapur 

1

Vicky Kapur 

1

Vinod Kapur Jointly with Uma Chopra 

1

Vinod Kapur Jointly with Prem Chopra 

1

Vinod Kapur

1

Vinod Kapur Jointly with Anjali Kedia

2

Vinod Kapur Jointly with Gargi Ahluwalia and Hemlata Kamani

1

Vinod Kapur Jointly with Anjana Gurbaxani

2

Vicky Kapur Jointly with Khosla Industries

1

Vicky Kapur Jointly with

1

Vicky Kapur Jointly with

1

Gaurav  V. Kapur, Jointly with Vinod Kapur and Geeta Kapur

47839

Gargi Holdings Private Limited, India

750

 

 

Total

 

970000

 

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

97.000

97.000

97.000

(b) Reserves & Surplus

547.242

510.660

387.999

(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)

644.242

607.660

484.999

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

9.934

25.410

35.468

(b) Deferred tax liabilities (Net)

14.218

8.647

4.043

(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)

24.152

34.057

39.511

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

218.728

222.070

231.617

(b) Trade payables

392.924

416.528

372.794

(c) Other current liabilities

33.090

49.829

21.395

(d) Short-term provisions

21.553

42.796

50.511

Total Current Liabilities (4)

666.295

731.223

676.317

 

 

 

 

TOTAL

1334.689

1372.940

1200.827

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

275.350

248.728

210.359

(ii) Intangible Assets

0.017

0.023

0.031

(iii) Capital work-in-progress

17.050

17.842

17.887

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

5.916

5.916

5.216

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

4.839

4.659

5.763

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

303.172

277.168

239.256

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

113.742

182.208

139.474

(c) Trade receivables

828.041

866.311

753.976

(d) Cash and cash equivalents

62.888

23.043

33.643

(e) Short-term loans and advances

26.846

24.210

34.478

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

1031.517

1095.772

961.571

 

 

 

 

TOTAL

1334.689

1372.940

1200.827

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

3322.600

3536.900

 

 

 

Other Income

2.700

3.200

 

 

 

TOTAL                                    

3325.300

3540.100

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

3124.700

3196.800

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

200.600

343.300

 

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

38.100

37.300

 

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

162.500

306.000

NA

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

24.600

23.300

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

137.900

282.700

 

 

 

 

 

 

Less

TAX                                                                 

44.900

92.400

 

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

93.000

190.300

153.492

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

95.88

196.18

158.24

 

 

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 :

203, Vasant Vihar Complex, Next to Basant Cinema, Dr. C. Gidwani Road, Mumbai – 400074, Maharashtra, India

Tel. No.:

91-22-25201596/ 97 / 25201396/ 97

Fax No.:

91-22-25202706/ 3080

E-Mail :

gargi@bom2.vsnl.net.in

info@gargi-india.com

gargi@gargi-india.com

shrutiphule21@gmail.com

Website :

http://www.gargi-india.com

 

 

Factory :

Plot No.D-360/361, M.I.D.C., TTC Industrial Area, District Navi Mumbai – 400706, Maharashtra, 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.