IDENTIFICATION DETAILS
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Name : |
PAS STEEL PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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14 [Approximately] |
BUSINESS DETAILS
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Line of Business : |
Trader, Exporter and Importer of Ferrous and Non Ferrous Scrap,
Industrial Black Coal. |
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Exports : |
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Products : |
Ferrous and Non Ferrous Scrap |
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Countries : |
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Gulf Country ·
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Imports : |
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Products : |
Ferrous and Non Ferrous Scrap |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
14 [Approximately] |
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Bankers : |
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Kotak Mahindra Bank Andheri (West) Branch, Mumbai, Maharashtra, India ·
IDBI Bank, Mumbai, Maharashtra, India ·
Bank of India, Mumbai, Maharashtra, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
T. P. Gandhi and Company Chartered Accountants |
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Address : |
501-A Wing, Eastern Court, Cross Road of Tejpal and Parleshwar Road,
Vile Parle (East), Mumbai – 400057, Maharashtra, India |
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PAN No.: |
AEBPG9087N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
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Name of Shareholders |
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No of Shares |
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Kundalik Raosaheb Bhusare |
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121250 |
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Mahesh Raghunath Chavan |
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121250 |
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Hetu Investment and Trading Limited |
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25000 |
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Srn Chem-Text Limited |
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25000 |
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Snazzy Exports Limited |
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25000 |
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Highland Industries Limited |
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25000 |
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Arena Trading Private Limited |
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25000 |
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 |
3.750 |
3.750 |
1.000 |
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(b) Reserves & Surplus |
13.809 |
12.311 |
0.380 |
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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) |
17.559 |
16.061 |
1.380 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.058 |
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(b) Deferred tax liabilities (Net) |
0.032 |
0.020 |
0.000 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.003 |
0.015 |
0.015 |
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Total Non-current Liabilities (3) |
0.035 |
0.035 |
0.073 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
55.431 |
50.560 |
16.354 |
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(c) Other current
liabilities |
0.212 |
0.100 |
0.046 |
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(d) Short-term provisions |
0.000 |
0.300 |
0.000 |
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Total Current Liabilities (4) |
55.643 |
50.960 |
16.400 |
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TOTAL |
73.237 |
67.056 |
17.853 |
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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 |
0.479 |
0.308 |
0.144 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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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 |
1.500 |
0.084 |
0.000 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
1.979 |
0.392 |
0.144 |
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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 |
15.458 |
8.269 |
7.287 |
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(c) Trade receivables |
42.877 |
40.266 |
7.540 |
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(d) Cash and cash
equivalents |
9.545 |
3.300 |
0.989 |
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(e) Short-term loans and
advances |
3.378 |
14.829 |
1.893 |
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(f) Other current assets |
0.000 |
0.000 |
0.000 |
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Total Current Assets |
71.258 |
66.664 |
17.709 |
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TOTAL |
73.237 |
67.056 |
17.853 |
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 |
182.617 |
137.111 |
51.749 |
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Other Income |
0.013 |
0.002 |
0.014 |
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TOTAL |
182.630 |
137.113 |
51.763 |
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Less |
EXPENSES |
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Operating Expenses |
180.802 |
133.366 |
50.389 |
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Employee Benefits Expenses |
1.672 |
0.445 |
0.330 |
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Administrative and Others Expenses |
5.075 |
3.219 |
1.104 |
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Changes in Inventories of Finished Goods |
(7.189) |
(0.981) |
(0.167) |
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TOTAL |
180.360 |
136.049 |
51.656 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.270 |
1.064 |
0.107 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.100 |
0.063 |
0.045 |
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PROFIT/ (LOSS) BEFORE
TAX |
2.170 |
1.001 |
0.062 |
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Less |
TAX |
0.673 |
0.320 |
0.000 |
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PROFIT/ (LOSS) AFTER
TAX |
1.497 |
0.681 |
0.062 |
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Earnings /
(Loss) Per Share (Rs.) |
3.99 |
1.82 |
0.62 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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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 DEFAULTERS’ 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 : |
No. 107/B, Vaibhav Industrial Estate, Saki Vihar, Road, Powai, Andheri
(East), Mumbai-400072, Maharashtra, India |
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Tel. No.: |
91-22-28578399/ 28578393 |
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Mobile No.: |
91-9320414999/ 9967894040 [Mr. S.B. Chourasia] |
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Fax No.: |
91-22-28578393 |
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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.