MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ETA ENGINEERS BANGALORE PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BLRE05233E

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in electrical, civil, mechanical and project consultancy including the supply erection, and commissioning of various kinds of machinery, servicing, and maintenance of plant and machinery, electrical and other equipment, etc.

 

PRODUCTION STATUS (AS ON 31.03.2013)

 

100 tonns of capacity per month of fabrication of structured steel (regular production not yet commenced as on 31.03.2013)

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Karnataka Bank Limited, Koramangala Branch, Bangalore - 560034, Karnataka, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term Loans – From Banks

(Secured by Land Rover Motor Vehicle)

4.100

1.081

 

 

 

SHORT TERM BORROWINGS

 

 

Loans Repayable on Demand – From Banks

25.415

27.308

Total

29.515

28.389

 

 

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term Loans – From Banks

20.696

17.138

Total

20.696

17.138

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

B N Balakrishna and Company

Chartered Accountants

Address :

No. 158 Sridutta Krupa, 13th Main, 35th Cross, 4th T Block, Jayanagar, Bangalore – 560041, Karnataka, India

Income-tax PAN of auditor or auditor's firm :

AALPB2814J

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 26.09.2013

 

Names of Shareholders

 

No. of Shares

Ranganath Vidya

9100

Ranganath Lakshman Rao

21900

Ranganath L Rao HUF

27000

H.A.Lakshman Rao

3000

Total

61000

 

 

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

6.100

6.100

6.100

(b) Reserves & Surplus

22.081

15.569

9.046

(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)

28.181

21.669

15.146

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

24.796

18.219

30.603

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

8.437

8.936

12.760

(d) long-term provisions

0.723

0.745

0.443

Total Non-current Liabilities (3)

33.956

27.900

43.806

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

25.415

27.308

10.859

(b) Trade payables

5.418

4.668

2.938

(c) Other current liabilities

1.101

2.940

3.623

(d) Short-term provisions

32.857

25.235

23.203

Total Current Liabilities (4)

64.791

60.151

40.623

 

 

 

 

TOTAL

126.928

109.720

99.575

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

34.482

16.062

15.177

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

15.182

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.410

0.413

0.140

(d)  Long-term Loan and Advances

0.000

0.000

3.014

(e) Other Non-current assets

0.000

0.201

2.871

Total Non-Current Assets

34.892

31.858

21.202

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2.627

5.838

2.936

(c) Trade receivables

31.995

31.794

29.345

(d) Cash and cash equivalents

31.665

18.909

17.283

(e) Short-term loans and advances

14.854

11.877

13.595

(f) Other current assets

10.895

9.444

15.214

Total Current Assets

92.036

77.862

78.373

 

 

 

 

TOTAL

126.928

109.720

99.575

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

90.401

158.499

122.159

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

67.746

138.952

105.795

 

 

 

 

 

 

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

22.655

19.547

16.364

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

4.087

2.239

1.952

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

18.568

17.308

14.412

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

3.686

1.807

1.684

 

 

 

 

 

Less

EXCEPTIONAL ITEMS (PRIOR PERIOD ITEMS)

0.000

0.007

0.000

 

 

 

 

 

Less

EXTRAORDINARY ITEMS (LOSS ON SALE OF ASSET)

0.023

0.076

 

0.000

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

14.859

15.418

12.728

 

 

 

 

 

Less

TAX                                                                 

4.592

5.350

4.315

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

10.267

10.068

8.413

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

NA

7.430

 

3.415

 

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Dividend Proposed

NA

3.050

3.050

 

 

Tax on Proposed Dividend

NA

0.495

0.507

 

 

Transfer to General Reserve

NA

1.007

0.841

 

BALANCE CARRIED TO THE B/S

NA

12.946

7.430

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

168.32

165.05

137.92

 

 

CORPORATE INFORMATION

 

Company was incorporated on April 2009 vide CIN No. U40200KA2009PTC49598.

 

The company is engaged in electrical, civil, mechanical, and project consultancy including the supply erection, and commissioning of various kinds of machinery, servicing, and maintenance of plant and machinery, electrical and other equipment, etc.

 

 

PROGRESS OF THE COMPNAY

 

The company has successfully completed the contracts awarded to them during the year, to the satisfaction of the customers and the company has earned a good amount profits with its existing contracts.

 

 

FINANCES

 

The company has availed term loans from Bank of Baroda for purchase of vehicles and the company is regular in paying the monthly installments.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office / Factory :

Unit No 11 And 12, Building No. 84, Manish Towers, J C Road, Bangalore – 560002, Karnataka, India

Tel. No. :

91-80-41696721 / 65319361

Fax No. :

Not Available

E-Mail :

njayaraman@airtelmail.in

etaengineers@airtermail.com

etaengineers@vsnl.net

 

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.