MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

B.M. HOUSE (INDIA) LIMITED

 

LAVINA GRANITES A DIVISION OF B.M. HOUSE (INDIA) LIMITED

 

 

Formerly Known As :

B.M. FINCAP LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Importer and Trader of Paper, Paper Board, Granites and also into publishing of magazine “Wedding Affair”.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         State Bank of India

Abohar Main Branch, Abohar - 152116, Punjab, India

 

·         HDFC Bank Limited

HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

 

[CONSOLIDATED]

SHORT TERM BORROWINGS

 

 

HDFC Bank Limited, Ahmedabad [C/C]

21.013

27.376

 

 

 

Total

 

21.013

27.376

 

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

 

[CONSOLIDATED]

LONG-TERM BORROWINGS

 

 

Unsecured Loans

31.202

60.385

 

 

 

Total

 

31.202

60.385

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Rajesh Laxmi and Associates

Chartered Accountants

Address :

205, Vasant Complex, 38, Veer Savarkar Block, Shakarpur, Delhi – 110092, India

PAN No.:

AAOFR2690D

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 16.09.2013

 

Names of Shareholders

 

No. of Shares

 

Shashi Kant Rathi

 

10100

Rajnish Rathi

 

10100

Rajeev Maheshwari

 

100

Hari Kishan Rathi

 

10100

Shiv Rattan Rathi

 

10100

Rajesh Gupta

 

100

Malika Rathi

 

5100

Mohit Chander Lakhanpal

 

2500

Deepak Taneja

 

2500

Satvijay Investment Consultancy Services Private limited, India

 

20000

Kamal Cotton Traders Private limited, India

 

50000

Mohit Finance and Building Private limited, India

 

25000

Victor Credit and Constructions Private limited, India

 

55000

Paras Builders Private limited, India

 

25000

Chanraj Bharatraj Properties Private limited, India

 

25000

Caulet Ram Delu

 

50000

Yunesh Kumar Munjal

 

50000

 

 

 

Total

 

 

350700

 

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

[CONSOLIDATED]

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

3.507

3.507

3.507

(b) Reserves & Surplus

39.823

33.843

27.907

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

19.151

19.151

0.000

Total Shareholders’ Funds (1) + (2)

62.481

56.501

31.414

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

31.202

60.385

185.579

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

19.151

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

31.202

60.385

204.730

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

21.013

27.376

0.000

(b) Trade payables

194.802

262.140

311.510

(c) Other current liabilities

0.000

0.000

0.000

(d) Short-term provisions

11.912

8.956

5.177

Total Current Liabilities (4)

227.727

298.472

316.687

 

 

 

 

TOTAL

321.410

415.358

552.831

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

9.919

11.148

10.694

(ii) Intangible Assets

0.000

0.000

0.000

(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

1.668

1.668

1.675

(c) Deferred tax assets (net)

0.172

0.108

0.073

(d)  Long-term Loan and Advances

0.000

0.000

20.758

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

11.759

12.924

33.200

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

4.336

6.460

201.193

(c) Trade receivables

267.701

364.006

312.053

(d) Cash and cash equivalents

16.159

15.141

6.385

(e) Short-term loans and advances

21.455

16.827

0.000

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

309.651

402.434

519.631

 

 

 

 

TOTAL

321.410

415.358

552.831

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

 

[CONSOLIDATED]

 

 

SALES

 

 

 

 

 

Revenue from Operations

131.698

156.924

84.797

 

 

Other Income

33.701

34.118

29.768

 

 

TOTAL                                    

165.399

191.042

114.565

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

109.742

132.146

77.059

 

 

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

0.947

3.524

0.000

 

 

Employees benefits expense

7.018

6.430

5.810

 

 

Insurance Expense

0.171

0.138

0.000

 

 

Admin and Other Expense

29.991

28.149

0.000

 

 

Other expenses

7.394

10.526

23.016

 

 

TOTAL                                    

155.263

180.913

105.885

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

10.136

10.129

8.680

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

1.546

1.521

1.466

 

 

 

 

 

 

PROFIT BEFORE TAX

8.590

8.608

7.214

 

 

 

 

 

Less

TAX                                                                 

2.610

2.672

2.241

 

 

 

 

 

 

PROFIT AFTER TAX

5.980

5.936

4.973

 

 

 

 

 

 

Earnings Per Share (Rs.)

17.05

16.93

1.42

 

 

CORPORATE INFORMATION

 

The company has diversified interest. It is dealing in Cotton and Grains as its merchants and commission agents, engaged in processing of Granite, and Publisher of bi-monthly wedding magazine. The company besides operating from its registered office have branches for cotton and grain business at Akola in Maharashtra and Sri Ganganagar in Rajasthan. Its granite processing plant is at Bangalore in Karnataka while wedding magazine is being published from New Delhi.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

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 Office :

B-5/75, Lower Ground Floor, Safdarjung Enclave, New Delhi – 110029, India

Tel. No.:

91-11-41650833

Fax No.:

Not Available

E-Mail :

rishi.weddingaffair@gmail.com

rguptaca@gmail.com

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the company has been shifted from A-2/135, 1st Floor, Safdarjung Enclave, New Delhi – 110029, India to the present address w.e.f.24.08.2007.

 

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.