MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
AVAIDS TECHNOVATORS 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.] |
DELA12447B |
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PAN No.: [Permanent Account No.] |
AAACA2829E |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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125 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Aviation Warning Lights and Aircraft
Warning Devices. |
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Exports : |
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Products : |
Warning Lights |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
125 (Approximately) |
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Bankers : |
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Punjab National Bank, Bhikalji Cama Place, New
Delhi – 110066, India ·
Indian Overseas Bank, New Rajindar Nagar Branch,
New Rajindar Nagar, New Delhi – 110 060, India ·
Axis Bank Limited, New Delhi, India |
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Facilities : |
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Cash Credit Rs.50.000 Millions (From Axis Bank
Limited) ·
PC Rs.10.000 Millions (From Axis Bank Limited) ·
LC Rs.10.000 Millions (From Axis Bank Limited)
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Banking
Relations : |
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Auditors : |
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Name : |
Upadhyay and Company Chartered Accountants |
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Address : |
S-1, |
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PAN No.: |
AAAPU0261D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
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Names of Shareholders |
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No. of Shares |
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Rajesh Piplani |
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99000 |
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Lalita Kaul |
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64500 |
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Ashok Kaul |
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60000 |
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Sumeer Kaul |
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500 |
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Sangeeta Piplani |
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26000 |
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Total |
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250000 |
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 |
25.000 |
25.000 |
25.000 |
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(b) Reserves & Surplus |
338.074 |
312.520 |
285.020 |
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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) |
363.074 |
337.520 |
310.020 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
69.532 |
109.614 |
57.996 |
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(b) Deferred tax liabilities
(Net) |
0.107 |
0.428 |
0.629 |
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(c) Other long term
liabilities |
30.149 |
22.923 |
13.559 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
99.788 |
132.965 |
72.184 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.365 |
0.000 |
0.032 |
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(b) Trade payables |
115.734 |
79.182 |
75.100 |
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(c) Other current liabilities |
6.667 |
13.619 |
16.376 |
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(d) Short-term provisions |
41.842 |
42.246 |
53.122 |
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Total
Current Liabilities (4) |
164.608 |
135.047 |
144.630 |
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TOTAL |
627.470 |
605.532 |
526.834 |
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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 |
33.465 |
40.004 |
38.628 |
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(ii) Intangible Assets |
0.413 |
0.486 |
0.561 |
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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 |
115.925 |
115.925 |
65.925 |
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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 |
1.611 |
2.420 |
1.582 |
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(e) Other Non-current assets |
69.859 |
43.981 |
107.746 |
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Total
Non-Current Assets |
221.273 |
202.816 |
214.442 |
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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 |
54.403 |
68.498 |
70.638 |
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(c) Trade receivables |
251.157 |
256.387 |
165.256 |
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(d) Cash and cash equivalents |
32.466 |
27.486 |
25.389 |
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(e) Short-term loans and
advances |
68.171 |
50.345 |
51.109 |
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(f) Other current assets |
0.000 |
0.000 |
0.000 |
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Total
Current Assets |
406.197 |
402.716 |
312.392 |
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TOTAL |
627.470 |
605.532 |
526.834 |
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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Income |
482.122 |
465.489 |
462.716 |
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Other Income |
3.261 |
6.880 |
3.469 |
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TOTAL
(A) |
485.383 |
472.369 |
466.185 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
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Employees benefits expense |
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Other expenses |
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TOTAL
(B) |
414.430 |
400.972 |
363.737 |
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Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
70.953 |
71.397 |
102.448 |
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Less |
FINANCIAL
EXPENSES (D) |
14.604 |
15.493 |
7.356 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
56.349 |
55.904 |
95.092 |
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Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
5.832 |
6.430 |
6.458 |
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PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
50.517 |
49.474 |
88.634 |
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Less |
TAX
(I) |
16.469 |
16.163 |
18.551 |
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PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
34.048 |
33.311 |
70.083 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
276.460 |
252.291 |
200.606 |
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Add |
Earlier
year excess proposed dividend and dividend distribution tax (L) |
0.223 |
0.000 |
0.000 |
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Less |
APPROPRIATIONS |
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Dividend Proposed |
7.500 |
5.000 |
10.000 |
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Excess Provision of Dividend Tax |
0.000 |
0.000 |
(0.077) |
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Transfer to General Reserve |
3.405 |
3.331 |
6.853 |
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Tax on Dividend |
1.217 |
0.811 |
1.622 |
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BALANCE
CARRIED TO THE B/S |
298.609 |
276.460 |
252.291 |
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EARNINGS
IN FOREIGN CURRENCY |
74.247 |
108.831 |
105.225 |
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Earnings
/ (Loss) Per Share (Rs.) |
136.19 |
133.24 |
274.00 |
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Particulars |
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31.03.2014 |
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Sales Turnover |
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395.000 |
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The above information has been parted by Mr. Manoj Gupta
FINANCIAL RESULTS
During the year, the profit of the
Company has comparatively increased to Rs. 34.048 Millions from Rs. 33.311
Millions of last year. The Directors are determined to continue the same
performance in the upcoming years.
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually 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 Office : |
4-A/58, |
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Tel. No.: |
91-11-25738488/ 25723714/ 25820080 |
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Fax No.: |
91-11-25735036/ 25755000 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Factory : |
Plot No.184A/185, Sector-3, IMT Manesar, Gurgaon – 122 050, |
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Tel. No.: |
91-124-2291695 |
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Fax No.: |
91-124-2291343 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.