MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

CITIZEN SCALE (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMC10599B

 

 

PAN No.:

[Permanent Account No.]

AABCC3800G

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

100 (Approximately)

 

BUSINESS DETAILS

 

Line of Business :

The company engaged in manufacturing and exporting of balance scales, weigh bridge and systems, Jewellery instruments, professional digital ultrasonic cleaner / bath, check weighs and metal detectors, mass comparator, standard calibration weights etc.

 

 

Exports :

 

Products :

·         Finished Goods

Countries :

·         Germany

·         Russia

·         UK

·         Europe

 

 

Imports :

 

Products :

·         Raw Material

Countries :

·         Taiwan

·         China

 

 

Terms :

 

Selling :

L/C, Credit

 

 

Purchasing :

L/C, Credit

 

 

GENERAL INFORMATION

 

Customers :

End Users

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

·         Development Credit Bank Limited, A - Set House, 3rd Floor, 7/56, Desh Bandhu Gupta Road, Karol Bagh, New Delhi - 110005, Delhi, India

·         State Bank of Hyderabad, Dadar Branch, Shalini Palace, Bhavani Shankar Road, Dadar (West), Mumbai - 400028, Maharashtra, India

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on 31.03.2013

As on

31.03.2012

Short Term Borrowing

 

 

Working Capital Loan Rupee Loans

27.421

40.283

Working Capital Foreign Currency Loan

24.994

0.000

Total

52.415

40.283

 

 

 

Unsecured Loan

As on 31.03.2013

As on

31.03.2012

Long Term Borrowing

 

 

Loans and Advances form related parties

17.330

7.120

Total

17.330

7.120

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

FRS and Company

Chartered Accountants

Address :

101/102, Marathon Chambers, P.K. Road, Paanch Rasta, Mulund (West), Mumbai – 400080, Maharashtra, India

PAN No.:

AABFF5531E

           

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

 

No. of Shares

Chandrakant Vanmalidas Shah

 

19100

Hemal Chandrakant Shah

 

12000

Sanjay Chandrakant Shah

 

14200

Ranjan Chandrakant Shah

 

32100

Asumi Hemal Shah

 

10000

Chandrakant Shah (HUF)

 

15000

Bhavi Sanjay Shah

 

5000

Bhavi Viral Shah

 

15000

Hemal Shah (HUF)

 

10000

Sanjay Shah (HUF)

 

10000

Viral Shah (HUF)

 

10000

 

 

 

Total

 

152400

 

 

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

1.524

1.524

1.524

(b) Reserves & Surplus

90.493

82.293

69.584

(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)

92.017

83.817

71.108

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

17.330

7.120

11.880

(b) Deferred tax liabilities (Net)

5.559

5.892

3.360

(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)

22.889

13.012

15.240

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

52.415

40.283

50.957

(b) Trade payables

21.685

2.310

58.535

(c) Other current liabilities

20.756

2.267

8.793

(d) Short-term provisions

2.951

0.000

0.000

Total Current Liabilities (4)

97.807

44.860

118.285

 

 

 

 

TOTAL

212.713

141.689

204.633

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

41.452

41.867

97.094

(ii) Intangible Assets

4.077

5.155

3.823

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

8.562

7.336

5.877

(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

0.000

0.000

0.000

Total Non-Current Assets

54.091

54.358

106.794

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

40.295

31.386

46.371

(c) Trade receivables

83.225

32.914

29.618

(d) Cash and cash equivalents

4.816

5.475

4.325

(e) Short-term loans and advances

30.286

17.556

17.525

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

158.622

87.331

97.839

 

 

 

 

TOTAL

212.713

141.689

204.633

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Income

271.208

240.722

205.612

 

Other Income

1.313

0.966

0.000

 

TOTAL (A)

272.521

241.688

205.612

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

188.496

169.089

160.951

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(8.909)

9.600

(21.116)

 

Employees benefits expense

25.606

17.782

18.113

 

Other expenses

41.755

25.135

23.954

 

Extraordinary items

0.044

(7.459)

5.91

 

TOTAL (B)

246.992

214.147

187.812

 

 

 

 

 

Less

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

25.529

27.541

17.800

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

5.169

5.479

8.524

 

 

 

 

 

 

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

20.360

22.062

9.276

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

5.366

6.821

5.121

 

 

 

 

 

 

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

14.994

15.241

4.155

 

 

 

 

 

Less

TAX (H)

6.794

2.532

2.729

 

 

 

 

 

 

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

8.200

12.709

1.426

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

71.129

58.42

56.994

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

79.329

71.129

58.420

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

53.81

51.00

66.00

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

290.000

 

 

 

 

 

The above information has been parted by Mr. Nuresh Patel

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

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 :

3 Pushpanjali Building, Opposite Anand Shop Centre, Goshala Lane, Malad (East), Mumbai – 400 097, Maharashtra

Tel. No.:

91-22-28607777 (Ext. 205) / 28607878 (Direct No.) / 28834917 / 28836726

Fax No.:

91-22-28607900 / 28835740 / 28835744

E-Mail :

sales@citizenscales.com

export@citizenscales.com

support@citizenscales.com

account@citizenscales.com

frsandasso@yahoo.co.in

channel@citizenscales.com

finance@citizenscales.com

Website :

www.citizenscales.com

www.citizenscales.net

Location :

Owned

 

 

Corporate Office :

Unit No E2, Plot No 11, Wicel Estate, Opposite Seepz Gate No 1, Andheri (East), Mumbai - 400093, Maharashtra, India

 

 

Factory :

5, Bhavan 1st Floor, Above Jogindra Bank, Kasuuli Road, Sector 2, Parwanoo District Solan – 173 220, Himachal 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.