IDENTIFICATION DETAILS
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Name : |
RADIANT METALS AND 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.] |
MUMR14516F |
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PAN No.: [Permanent Account No.] |
AAACR2727G |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Not Divulged |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Aluminium Alloys. |
PRODUCTION STATUS AS ON (31.03.2013)
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Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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Aluminium Alloys (Silvassa Work) |
NA |
4800 M.T. |
1205929.000 Kgs |
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NOTE:
Installed Capacity (Has certified by the management and accepted by
auditors being of technical nature)
GENERAL INFORMATION
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Suppliers : |
National Aluminium Company Limited |
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Customers : |
· Crompton Greaves Limited · Videocon Appliance Limited · Godrej and Boyce Mfg. Limited · Bajaj Electricals · Lawkin Limited · TBK Limited |
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No. of Employees : |
Not Divulged |
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Bankers : |
Ø Axis Bank
Limited Powai Branch, Mumbai, Ø The Shamrao
Vithal Co-Operative Bank Limited SVC Tower,
Jawaharlal Nehru Road, Vakola, Santacruz (East), Mumbai - 400055, Maharashtra, India Ø HDFC Bank
Limited Ø Central Bank of
India Ø ICICI Bank
Limited Ø Canara Bank Ø Bank of Baroda |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
M. R. Sharma and Company Chartered Accountants |
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Address : |
C/8, Poonam Darshan, Poonam Nagar, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel. No. : |
91-22-28265309/ 28218117 |
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Fax No. : |
91-22-28377189 |
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E-Mail : |
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Website : |
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PAN
No. : |
AAACR2727G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.07.2013
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Names of Shareholders |
No. of Shares |
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Balekudru Bhaskar Shetty |
5042 |
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Indira Bhaskar Shetty |
5167 |
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Pravin Bhaskar Shetty |
2451 |
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Pradeep Bhaskar Shetty |
690 |
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Total |
13350 |
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 |
1.335 |
1.335 |
1.335 |
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(b) Reserves & Surplus |
53.674 |
53.722 |
52.403 |
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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) |
55.009 |
55.057 |
53.738 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.682 |
3.205 |
3.466 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term liabilities |
0.751 |
0.797 |
0.817 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
1.433 |
4.002 |
4.283 |
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(4) Current Liabilities |
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(a) Short term borrowings |
19.725 |
25.015 |
25.608 |
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(b) Trade payables |
17.127 |
11.485 |
14.275 |
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(c) Other current
liabilities |
0.000 |
0.003 |
0.101 |
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(d) Short-term provisions |
0.907 |
0.659 |
1.164 |
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Total Current Liabilities (4) |
37.759 |
37.162 |
41.148 |
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TOTAL |
94.201 |
96.221 |
99.169 |
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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 |
44.742 |
48.779 |
50.022 |
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(ii) Intangible Assets |
0.006 |
0.006 |
0.006 |
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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 |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
0.014 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
44.762 |
48.785 |
50.028 |
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(2) Current assets |
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(a) Current investments |
0.058 |
0.058 |
0.058 |
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(b) Inventories |
14.186 |
17.289 |
15.569 |
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(c) Trade receivables |
21.136 |
21.431 |
23.810 |
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(d) Cash and cash
equivalents |
7.929 |
1.489 |
1.035 |
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(e) Short-term loans and
advances |
6.130 |
7.169 |
8.669 |
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(f) Other current assets |
0.000 |
0.000 |
0.000 |
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Total Current Assets |
49.439 |
47.436 |
49.141 |
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TOTAL |
94.201 |
96.221 |
99.169 |
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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Revenue from Operations |
162.970 |
168.706 |
164.462 |
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Other Income |
7.124 |
1.350 |
1.322 |
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TOTAL |
170.094 |
170.056 |
165.784 |
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Less |
EXPENSES |
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TOTAL |
164.250 |
162.335 |
158.415 |
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PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
5.844 |
7.721 |
7.369 |
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Less |
FINANCIAL
EXPENSES |
4.195 |
4.864 |
4.697 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.649 |
2.857 |
2.672 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
1.135 |
1.395 |
1.343 |
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PROFIT/ (LOSS) BEFORE TAX |
0.514 |
1.462 |
1.329 |
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Less |
TAX |
(0.014) |
0.143 |
0.000 |
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PROFIT/
(LOSS) AFTER TAX |
0.528 |
1.319 |
1.329 |
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Earnings /
(Loss) Per Share (Rs.) |
(39.55) |
98.80 |
99.55 |
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FINANCIAL HIGHLIGHTS:
The Company has
achieved a sales turnover of Rs. 162.970 Millions (Rs. 168.706 Millions). The
activities of the company’s Mumbai Unit remained closed in view of the
constraints faced by the company. The performance of the Silvassa Unit of the
Company has shown the signs of recovery in view of the persistent efforts of the
directors, despite the tough competition. As a result the unit has again
started earning profits. The directors are exploring the other available
possibilities to lead the company in right direction. The profit before
depreciation, interest and tax for the year stood at Rs.5.844 Millions (Rs.7.721
Millions).
RATING & COMMENTS
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MIRA’s Rating : |
B (33) |
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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 DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered / Corporate Office : |
D-305 / 306, 3rd Floor, Building No. 2, Kailash Industrial Complex, Park
Site, Veer Savarkar Marg, Vikhroli (West), Mumbai – 400079, Maharashtra,
India |
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Tel. No.: |
91-22-67254530-39 |
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Mobile No.: |
91-9769362160 (Mr. Pravin Shetty) |
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Fax No.: |
91-22-67254532 |
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E-Mail : |
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Website : |
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Factory : |
B, Nanji Industrial Estate, Plot No. 3, S. No. 200/1/2, Athal Luheri Road, Village, Kharadpada, Silvassa, U.T. of Dadra and Nagar Haveli, India |
CHANGE OF ADDRESS:
The Registered Address of the company has been shifted from A/6, Girikunj
Industrial Estate, Opposite Mahakali Caves Road, Andheri (East), Mumbai - 400093,
Maharashtra, India to the present address w.e.f.01.11.2007.
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.