IDENTIFICATION DETAILS
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Name : |
HICAL TECHNOLOGIES PRIVATE LIMITED (w.e.f. 25.07.2006) |
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Formerly Known
As : |
HICAL MAGNETICS 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.] |
BLRH01817E |
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PAN No.: [Permanent Account No.] |
AAACH3639K |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Information denied by management |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Electromagnetic, Electromagnetic Assemblies and Aerospace Components. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
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No. of Employees : |
Information denied by management |
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Bankers : |
State Bank of India, Specialized Commercial Branch, Krishi Bhavan,
First Floor, Hudson Circle, Bangalore-560001, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rajagopal and Badrinarayanan Chartered Accountants |
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Address : |
No.25, Padmashree Mansions, II Floor, 2nd Cross, Sampige
Road, Malleshwaram, Bangalore – 560 003, Karnataka, India |
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PAN No: |
AACFR5386A |
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Associates/Subsidiaries : |
·
Yagachi Vidyunmaan Private Limited (Formerly
Hical Engineering Private Limited) ·
Lemon-Tree Media Private Limited ·
Hical Health care Private Limited ·
Hical Aerospace Private Limited ·
Hical Electronics Private Limited |
MAJOR SHAREHOLDERS
As on 08.07.2013
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Names of Shareholders |
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No. of Shares |
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Shashikiran Siddalingamurthy Mullur |
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3721347 |
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Sujaya Shashikiran |
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2471553 |
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Venkatesh Bakthavatchalan Vallam |
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1930887 |
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Bharatesh M.S. |
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1819188 |
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Total |
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9942975 |
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 |
99.430 |
99.430 |
99.430 |
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(b) Reserves & Surplus |
57.542 |
56.103 |
72.725 |
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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) |
156.972 |
155.533 |
172.155 |
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(3) Non-Current
Liabilities |
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(a) long-term
borrowings |
98.526 |
1.102 |
6.697 |
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(b) Deferred tax liabilities (Net) |
0.001 |
0.001 |
0.001 |
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(c) Other long
term liabilities |
12.000 |
12.000 |
12.000 |
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(d) long-term
provisions |
10.309 |
8.279 |
2.138 |
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Total Non-current
Liabilities (3) |
120.836 |
21.382 |
20.836 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
80.628 |
68.981 |
60.394 |
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(b)
Trade payables |
43.491 |
16.422 |
21.702 |
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(c)
Other current liabilities |
18.586 |
17.256 |
13.031 |
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(d) Short-term
provisions |
2.847 |
2.140 |
9.675 |
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Total Current
Liabilities (4) |
145.552 |
104.799 |
104.802 |
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TOTAL |
423.360 |
281.714 |
297.793 |
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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 |
146.826 |
121.273 |
132.791 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
4.614 |
3.512 |
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(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current
Investments |
10.243 |
10.143 |
10.043 |
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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 |
24.138 |
18.750 |
19.072 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
181.207 |
154.780 |
165.418 |
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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 |
115.116 |
43.015 |
48.075 |
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(c)
Trade receivables |
103.583 |
52.843 |
59.105 |
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(d) Cash
and cash equivalents |
5.078 |
15.438 |
15.199 |
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(e)
Short-term loans and advances |
18.376 |
15.638 |
9.996 |
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(f)
Other current assets |
0.000 |
0.000 |
0.000 |
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Total
Current Assets |
242.153 |
126.934 |
132.375 |
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TOTAL |
423.360 |
281.714 |
297.793 |
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 |
347.570 |
325.190 |
395.280 |
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Other Income |
25.090 |
21.550 |
10.710 |
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TOTAL (A) |
372.660 |
346.740 |
405.990 |
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Less |
EXPENSES |
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TOTAL (B) |
323.070 |
332.600 |
368.610 |
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Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
49.590 |
14.140 |
37.380 |
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Less |
FINANCIAL
EXPENSES (D) |
24.760 |
11.270 |
8.460 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
24.830 |
2.870 |
28.920 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.040 |
19.490 |
17.770 |
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PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
1.790 |
(16.620) |
11.150 |
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Less |
TAX (H) |
0.350 |
0.000 |
2.440 |
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PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
1.440 |
(16.620) |
8.710 |
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EARNINGS IN
FOREIGN CURRENCY |
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FOB Value of Exports |
317.170 |
248.040 |
311.710 |
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IMPORTS |
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Capital Goods |
14.840 |
1.750 |
17.450 |
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Raw Materials |
112.480 |
56.220 |
54.500 |
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Stores, Spares
and Production Consumables |
21.600 |
2.600 |
39.800 |
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Agency
Commission |
0.000 |
0.850 |
2.710 |
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Others |
4.710 |
2.640 |
2.180 |
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TOTAL IMPORTS |
153.630 |
64.060 |
116.640 |
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Earnings /
(Loss) Per Share (Rs.) |
0.14 |
(1.67) |
0.88 |
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RATING & COMMENTS
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MIRA’s Rating : |
B (29) |
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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 : |
Exist |
LITIGATION DETAILS:
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CASE PENDING |
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High Court of Karnataka -Bangalore
Bench |
ITA 184/2012 |
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THE COMMISSIONER OF INCOME TAX |
Respondent/Defnt. Name |
M/S HICAL TECHNOLOGIES PRIVATE
LIMITED |
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Petnr./Appnt. Advocate |
K V ARAVIND |
Respnt./Defnt. Advocate |
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Date Filed |
11/07/2012 |
Classification |
District |
Bangalore City |
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Stage |
HEARING |
Last Posted For |
ADMISSION |
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Last Action Taken |
ADMIT/RULE |
Last Date of Action |
15/01/2013 |
Next Hearing Date |
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Latest
Order |
ADMIT |
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Before
Hon'ble Judge/s |
D.V.SHYLENDRA
KUMAR B.MANOHAR |
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Lower
Court Details [Appeal from below case.] |
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Case
No |
Court
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Disposal
Dt |
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ITA
1389/2011 |
INCOME
TAX APPELLATE TRIBUNAL BANGALORE |
24/02/2012 |
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Details
of the Daily Order |
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Sl
No |
Honble
Judge |
Date
of Order |
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1 |
HONBLE
DVSKJ & BMJ |
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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 : |
Survey No.46, 47 (Part), Phase – II, Electronic City, Hosur Road,
Bangalore-560100, Karnataka, India |
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Tel. No.: |
91-80-66122504/66189600 |
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Mobile No.: |
91-9845694624 (Mr. Mahesh B.P.) |
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Fax No.: |
91-80-28520558/448 |
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E-Mail : |
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Website : |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.