MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	EASTERN POLY CRAFT INDUSTRIES LIMITED
Formerly Known As :	BALA SHAH INDUSTRIES LIMITED
Country :	India
Financials (as on) :	31.03.2013
TAN No.: [Tax Deduction & Collection Account No.]	CALE01678F
PAN No.: [Permanent Account No.]	AAACE8206D
Legal Form :	A Closely Held Public Limited Liability Company
No. of Employees :	250 [Approximately]

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Injection Moulded and Blow Moulded Plastic Containers.
Exports :
Products :	Finished Goods
Countries :	· Nepal · Bangladesh
Imports :
Products :	Raw Material
Countries :	· UAE · Singapore · Qatar
Terms :
Selling :	Cash and Advance Payment
Purchasing :	Cash and Advance Payment

GENERAL INFORMATION

Customers :

· Indian Oil Corporation

· Tide Water Oil Company Limited

· Hindustan Petroleum

· Indian Railways

· Bharat Petroleum

· Ordinance Factory

· Balmer Lawrie And Company Limited

· Shalimar Paints

· Servo Brand

· Indian Oil

No. of Employees :

250 [Approximately]

Bankers :

· Bank of Baroda

SME Kasba Branch, 837, Rajdanga Main Road, Kolkata - 700107, West Bengal, India

· Bank of Baroda

Mid Corporate Branch, 1/1, Camac Street (1st Floor), Kolkata - 700016, West Bengal, India

· ICICI Bank Limited

Facilities :

Total Limit = Rs. 740.000 Millions [From Bank of Baroda]

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG-TERM BORROWINGS
Term Loan from Bank of Baroda	123.795	76.738
Bills Payable	19.592	0.000
From Corporation Rajasthan State Ind. Development Corp. Limited	11.842	16.579
Vehicle and Car Loans ICICI Bank	0.000	0.137
Kotak Mahindra Prime Limited	1.096	1.313
SHORT TERM BORROWINGS
Cash Credit with Bank of Baroda, Kasba	92.561	73.138
Total	248.886	167.905

UNSECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG-TERM BORROWINGS
From Companies	74.682	28.328
From Others	8.660	5.055
Total	83.342	33.383

Banking Relations :	--
Financial Institution :	· Electronica Finance Limited 128/A, Plot No.3, Kailashchandra Apartments, Paud Road, Kothrud, Pune - 411038, Maharashtra, India
Auditors :
Name :	Sawaria Khaitan and Associates Chartered Accountants
Address :	1/1A, Vansittart Row, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-22303426/ 22439312
E-Mail :	pawan4321@yahoo.com
Income-tax PAN of auditor or auditor's firm :	AAIFS8727N
Associates/Subsidiaries :	Jaraikela Lumberman (India) Private Limited

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

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	33.580	28.330	27.945
(b) Reserves & Surplus	61.859	46.538	24.897
(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)	95.439	74.868	52.842
(3) Non-Current Liabilities
(a) long-term borrowings	239.667	128.150	89.845
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(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)	239.667	128.150	89.845
(4) Current Liabilities
(a) Short term borrowings	92.561	73.138	40.550
(b) Trade payables	84.465	92.390	47.464
(c) Other current liabilities	14.841	7.791	5.988
(d) Short-term provisions	0.000	0.800	3.425
Total Current Liabilities (4)	191.867	174.119	97.427
TOTAL	526.973	377.137	240.114
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	266.231	203.376	113.335
(ii) Intangible Assets	0.000	0.000	2.170
(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	4.314	4.314	3.814
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	3.603	3.425	1.807
(e) Other Non-current assets	13.273	5.517	0.904
Total Non-Current Assets	287.421	216.632	122.030
(2) Current assets
(a) Current investments	14.656	7.826	6.753
(b) Inventories	92.442	45.712	46.298
(c) Trade receivables	85.815	56.292	37.076
(d) Cash and cash equivalents	33.763	42.013	21.932
(e) Short-term loans and advances	12.876	8.662	6.025
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	239.552	160.505	118.084
TOTAL	526.973	377.137	240.114

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	487.234	325.869	243.066
		Other Income	5.551	4.953	5.014
		TOTAL (A)	492.785	330.822	248.080
Less	EXPENSES
		Cost of Materials Consumed	307.175	207.824	178.824
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(25.352)	1.810	(26.568)
		Employees benefits expense	20.195	9.100	5.650
		Other expenses	124.040	73.767	61.318
		TOTAL (B)	426.058	292.501	219.224
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		66.727	38.321	28.856
Less	FINANCIAL EXPENSES (D)		32.050	21.800	13.747
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		34.677	16.521	15.109
Less/ Add	DEPRECIATION/ AMORTISATION (F)		26.656	12.475	12.065
	PROFIT BEFORE TAX (E-F) (G)		8.021	4.046	3.044
Less	TAX (H)		0.050	1.270	0.951
	PROFIT AFTER TAX (G-H) (I)		7.971	2.776	2.093
	Earnings Per Share (Rs.)		2.37	0.98	0.75

Particulars	31.03.2014
Sales Turnover	800.000

The above information has been parted by Mr. Biswarup [Finance Head]

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Slow but 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/ Head Office :	1/1, Vansittarat Row Share Street, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-22487191/ 22484410/ 22483475/ 40069782
Fax No.:	91-33-22483691
E-Mail :	sales@easternploycraft.com accounts@easternploycraft.com info@easternpolycraft.com pawan4321@yahoo.com
Website :	http://www.easternploycraft.com
Factory 1 and Works :	Village Dobapukur, P.O. Bighati, P.S. Bhadreshwar, Hoogly, West Bengal, India
Tel. No.:	91-33-30943317/ 26331046
Factory 2 :	Uluberia Industrial Growth Centre, NH-6, Birshibpur, Uluberia, Howrah – 711315, West Bengal, India
Tel. No.:	91-33-26210836
Factory 3 :	A-49, Industrial Area, Kaharani (Bhiwadi Extension), District Alwar – 301019, Rajasthan, India

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