MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
PRECISE ALLOYS PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP15773C |
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PAN No.: [Permanent Account No.] |
AAACP9548B |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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75 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Steel Wires. |
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Products : |
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Mild Steel Wires ·
Electrodes Wires ·
Medium Carbon Steel Wires ·
High Carbon Steel Wires ·
Ball Bearing Steel Wires ·
Alloy Steel Wire for Fasteners Industries ·
Wires for Electro Galvanizing ·
Copper Coating ·
Shape Wires ·
MS Black Annealed Wires etc. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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China ·
Canada ·
Turkey, etc. |
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Terms : |
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Selling : |
Credit and Others |
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Purchasing : |
Credit |
PRODUCTION STATUS (AS ON 31.03.2013):
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Particulars |
2012-2013 |
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Ferrous Wires |
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Manufactured during the year |
4946.403 |
GENERAL INFORMATION
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Customers : |
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Classic Fastening Systems Private Limited ·
Acer Industries ·
Aakash Industries ·
Bombay Spring Industries ·
Deep Rivet ·
Gandhi Springs Private Limited ·
Jeekay Enterprises |
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Suppliers : |
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Delta industrial Supplies Private Limited ·
Mahesh Wire Industries ·
Aditya Consultancy ·
Tirupati Steel and Engineering Co. ·
Digital Business Solutions ·
Mayur Engineering ·
Rajratan Global Wire Limited |
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No. of Employees : |
75 (Approximately) |
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Bankers : |
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Citi Bank, Trent House,
2nd Floor, G Block, Plot No. C60, Bandra Kurla Complex, Bandra
(East), Mumbai – 400 051, Maharashtra, India (Tel No.:- 91-22-40005706)
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Bank of India, Mumbai Overseas Branch, Mumbai,
Maharashtra, India ·
The Sarswat Co-operative Bank Limited ·
State Bank of India, Boisar ·
IndusInd Bank Limited, Malad (West), Mumbai,
Maharashtra, India |
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Facilities : |
Fund and Non-Fund Based: Rs.59.100 millions (From IndusInd Bank Limited)
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Banking Relations : |
-- |
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Auditors : |
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Name : |
R.G. Muley and Company Chartered Accountants |
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Address : |
221/222, |
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Tel. No.: |
91-22-21731574 |
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Mobile No.: |
91-9833139566 |
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E-Mail : |
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PAN No.: |
AAPPM4897C |
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Sister Concern (As confirmed by the Management) : |
Precise Alloys Address: Tarapur, Thane, Maharashtra, India |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
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Names of Shareholders |
No. of Shares |
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Sardarilal Munshilal Jain |
50000 |
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Deepa Dinesh Jain |
28800 |
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Dinesh Sardarilal Jain |
60000 |
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Pradeep Sardarilal Jain |
60000 |
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Sangeeta Pradeep Jain |
30000 |
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Dushyant Dinesh Jain |
20000 |
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Yogendra Kishan Agrawal |
15000 |
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Mohan Kishan Agrawal |
28000 |
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Sharad Jainendra Jain |
150200 |
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Kishan B Agarwal |
2000 |
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Ashu Sharad Jain |
50000 |
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Pradeep H Jain |
1000 |
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Neetu K Agarwal |
5000 |
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Total
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500000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1) Shareholders' Funds |
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(a) Share Capital |
5.000 |
5.000 |
3.721 |
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(b) Reserves & Surplus |
17.283 |
16.014 |
13.503 |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
22.283 |
21.014 |
17.224 |
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(3) Non-Current
Liabilities |
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(a) Long-term borrowings |
4.923 |
5.147 |
5.420 |
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(b) Deferred tax liabilities (Net) |
1.442 |
1.309 |
1.033 |
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(c) Other long
term liabilities |
0.000 |
0.000 |
0.422 |
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(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
6.365 |
6.456 |
6.875 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
56.367 |
45.707 |
41.563 |
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(b)
Trade payables |
36.217 |
30.401 |
27.573 |
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(c)
Other current liabilities |
6.580 |
4.133 |
3.576 |
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(d) Short-term
provisions |
1.400 |
0.950 |
2.700 |
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Total Current
Liabilities (4) |
100.564 |
81.191 |
75.412 |
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TOTAL |
129.212 |
108.661 |
99.511 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i)
Tangible assets |
21.141 |
20.386 |
12.252 |
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(ii)
Intangible Assets |
0.315 |
0.384 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.853 |
0.865 |
5.526 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.032 |
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Total Non-Current
Assets |
22.334 |
21.660 |
17.835 |
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(2) Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
20.814 |
25.737 |
22.870 |
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(c)
Trade receivables |
79.160 |
53.514 |
48.013 |
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(d) Cash
and cash equivalents |
2.618 |
2.648 |
5.263 |
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(e)
Short-term loans and advances |
3.644 |
4.233 |
5.453 |
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(f)
Other current assets |
0.642 |
0.869 |
0.077 |
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Total
Current Assets |
106.878 |
87.001 |
81.676 |
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TOTAL |
129.212 |
108.661 |
99.511 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Turnover |
264.753 |
224.603 |
237.707 |
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
NA |
NA |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.592 |
5.185 |
4.814 |
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DEPRECIATION/
AMORTISATION |
1.740 |
1.409 |
0.927 |
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PROFIT / (LOSS)
BEFORE TAX |
1.852 |
3.775 |
5.742 |
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TAX |
0.583 |
1.225 |
1.782 |
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PROFIT / (LOSS) AFTER
TAX |
1.269 |
2.511 |
3.995 |
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Earnings /
(Loss) Per Share (Rs.) |
2.53 |
5.02 |
10.74 |
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Particulars |
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31.03.2014 |
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Sales Turnover (Approximately) |
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300.400 |
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The above information has been parted by Mr. Sharad Jainendra Jain (Director).
RATING & COMMENTS
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MIRA’s Rating : |
B (30) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office/ Factory : |
G-20/2, MIDC, Tarapur, District Thane – 401 506, |
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Tel. No.: |
91-2525-656589/ 645477 |
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Mobile No.: |
91-9821233381 (Mr. Sharad Jain) |
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Fax No.: |
91-2525-261906/ 273222 |
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E-Mail : |
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Website : |
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Area : |
1925 sq. mtr. |
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Location : |
Owned |
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Sales Office : |
301, Siddhachal, Above Sabkuch Supermarket Link Road, Malad (West),
Mumbai – 400 064, Maharashtra, India |
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Tel. No.: |
91-22-32542181/ 28785599/ 28768081 |
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Fax No.: |
91-22-28768081 |
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Location : |
Rented |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.