IDENTIFICATION DETAILS
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Name : |
INARCO 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.] |
PNEI04164G |
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PAN No.: [Permanent Account No.] |
AAACI2897Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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No. of Employees
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Information declined by the management |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Cots, Aprons and Vinyl Floor Coverings. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
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Particulars |
Unit |
Installed
Capacity |
Actual
Production |
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Cots and Aprons |
R. Mtrs |
1680000 |
28477 |
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Cots and Aprons including Clearer Tubes |
R. Mtrs |
-- |
1594182 |
FINANCIAL RESULTS:
The revenue from operations for the year stood at Rs.630.800 Million against Rs.524.310 Million in the previous year. The Company made a profit of Rs.59.740 million before finance cost and tax compared to Rs.27.020 million in the previous year.
The performance for the year showed an improvement on account of higher sales volume in the domestic market, better price realization and savings on raw material cost.
NOTE
The registered office of the company has been
shifted from “M-3, Court Chamber, Sir V Thalkersey Marg, Mumbai – 400020,
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management |
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Bankers : |
State Bank of |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Heritage, 3rd Floor, Near Gujarat Vidyapith, Off. Ashram Road,
Ahmedabad-380014, Gujarat, India |
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PAN No.: |
AABFD7919A |
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Holding Company : |
Ari Consolidated Investments Limited CIN No.:- L17110MH1943PLC010052 |
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Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
Sankil Investments Private Limited CIN No.:- U99999MH1973PTC016347 Odin Capital Holdings Private Limited CIN No.:- U65990MH1997PTC109653 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.05.2013
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Names of Shareholders |
No. of Shares |
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ARI Consolidated Investment Limited, |
94500 |
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Arvind K. Bhandari and ARI Consolidated Investment Limited, |
500 |
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TOTAL
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95000 |
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 |
9.500 |
9.500 |
9.500 |
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(b) Reserves & Surplus |
72.543 |
59.545 |
54.784 |
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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) |
82.043 |
69.045 |
64.284 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.017 |
0.115 |
0.247 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.00 |
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(c) Other long term
liabilities |
4.864 |
11.686 |
9.335 |
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(d) long-term provisions |
3.480 |
3.011 |
2.604 |
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Total
Non-current Liabilities (3) |
8.361 |
14.812 |
12.186 |
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(4) Current Liabilities |
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(a) Short term borrowings |
35.474 |
20.103 |
18.589 |
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(b) Trade payables |
100.041 |
87.068 |
77.474 |
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(c) Other current liabilities |
11.919 |
9.395 |
13.292 |
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(d) Short-term provisions |
30.546 |
16.794 |
16.609 |
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Total
Current Liabilities (4) |
177.980 |
133.360 |
125.964 |
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TOTAL |
268.384 |
217.217 |
202.434 |
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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 |
37.709 |
38.616 |
44.570 |
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(ii) Intangible Assets |
0.001 |
0.003 |
0.005 |
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(iii) Capital work-in-progress |
4.673 |
4.360 |
2.970 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
4.888 |
4.420 |
4.244 |
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(c) Deferred tax assets (net) |
9.121 |
10.921 |
8.311 |
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(d) Long-term Loan and Advances |
16.939 |
16.034 |
18.803 |
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(e) Other Non-current assets |
4.876 |
4.894 |
4.894 |
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Total
Non-Current Assets |
78.207 |
79.248 |
83.797 |
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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 |
79.749 |
61.772 |
54.236 |
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(c) Trade receivables |
81.296 |
62.803 |
53.172 |
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(d) Cash and cash equivalents |
21.692 |
6.689 |
4.935 |
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(e) Short-term loans and
advances |
4.186 |
3.918 |
5.433 |
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(f) Other current assets |
3.254 |
2.787 |
0.861 |
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Total
Current Assets |
190.177 |
137.969 |
118.637 |
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TOTAL |
268.384 |
217.217 |
202.434 |
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 |
618.079 |
520.882 |
510.475 |
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Other Income |
12.722 |
3.426 |
6.664 |
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TOTAL
(A) |
630.801 |
524.308 |
517.139 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
263.661 |
226.092 |
204.959 |
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.786) |
(6.530) |
(2.678) |
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Employees benefits expense |
114.065 |
99.719 |
89.317 |
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Other expenses |
191.687 |
165.806 |
176.085 |
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TOTAL
(B) |
558.627 |
485.087 |
467.683 |
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Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
72.174 |
39.221 |
49.456 |
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Less |
FINANCIAL
EXPENSES (D) |
5.724 |
5.715 |
4.365 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
66.450 |
33.506 |
45.091 |
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Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
12.339 |
12.200 |
11.845 |
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PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
54.111 |
21.306 |
33.246 |
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Less |
TAX
(I) |
18.885 |
5.504 |
11.224 |
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PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
35.226 |
15.802 |
22.022 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
46.250 |
43.720 |
36.070 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
4.200 |
2.230 |
9.500 |
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Dividend |
19.000 |
9.500 |
1.540 |
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Tax on Dividend |
3.230 |
1.540 |
3.330 |
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Balance
Carried to the B/S |
55.046 |
46.252 |
43.720 |
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EARNINGS
IN FOREIGN CURRENCY |
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F.O.B. Value of Exports |
185.230 |
166.536 |
134.866 |
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Freight |
0.000 |
0.000 |
1.849 |
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Insurance |
0.000 |
0.000 |
1.543 |
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TOTAL
EARNINGS |
185.230 |
166.536 |
138.258 |
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IMPORTS |
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Raw Materials |
NA |
NA |
77.687 |
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TOTAL
IMPORTS |
NA |
NA |
77.687 |
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Earnings
/ (Loss) Per Share (Rs.) |
370.81 |
166.34 |
231.81 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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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 / Corporate Office / Export Sales
/ Head - Domestic Sales : |
B2 - 801, 8th Floor, B2 Wing, Marathon Innova, Opposite
Peninsula Corporate Park, Off Ganapatrao Kadam Marg, Lower Parel, Mumbai - 400013, Maharashtra, India |
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Tel. No.: |
91-22-43152200/ 43152230 |
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Fax No.: |
91-22-24919187 |
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E-Mail : |
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Website : |
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Location : |
Owned |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.