MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

STERIMED SURNGICALS (INDIA) PRIVATE LIMITED

 

PLANET GREEN INNOVATION DIVISION OF STERIMED SURNGICALS (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AABCS1818A

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

127 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Importer of Non Woven Bags, Medical and Industrial Adhesive Tapes and Surface Protection Tapes.

 

 

Products :

Item Code No. (ITC Code)

Product Description

0124

Surgical Items

 

 

Exports :

 

Products :

Finished Goods

Countries :

¨       Spain

¨       USA

¨       Egypt

 

 

Imports :

 

Products :

Raw Material

Countries :

¨       China

¨       Japan

¨       Taiwan

 

 

Terms :

 

Selling :

Depend

 

 

Purchasing :

Depend

 

 

GENERAL INFORMATION

 

Suppliers :

¨       KLJ Polymers and chemical Limited

 

 

Customers :

¨       Hero Moto Corp

 

 

No. of Employees :

127 (Approximately)

 

 

Bankers :

State Bank of India, Chandni Chowk, Delhi - 110006, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

From State bank of India

 

 

A/c No. 30471284185

0.000

0.264

A/c No. 32589485260

5.744

0.000

A/c No. 31037717902

0.000

1.358

A/c No. 32040720310

(Secured against equitable mortgage of Land, hypothecation of Plant and Machinery and personal guarantee of directors.)

8.216

9.360

Deferred CST & HGST

3.316

6.742

 

 

 

SHORT TERM BORROWINGS

 

 

Working Capital Finance

 

 

From S.B.I, Chandni Chowk (10820290248)

(Secured against Hypothecation of Stock, Debtors and Other Receivable)

42.878

25.043

SBI, Bahadurgarh (Subject to Clearing Effect)

0.007

0.000

 

 

 

Total

60.161

42.767

 

Banking Relations :

 

 

 

Auditors :

 

Name :

R Grover and Company

Chartered Accountant

Address :

306, Shiv Chamber, 18/ 2830, Beadon Pura, Karol Bagh, Delhi - 110005, India

Tel. No.:

91-11-28721890 / 28728218

E-Mail :

AAIPG1873F

 

 

Associates/Subsidiaries :

Sterimed Medical Devices Private Limited

Address: Q-21 A Model Town, New Delhi-110009, India

Activity: Manufacturer and Trader of Medical Devices

CIN No.: U33119DL2003PTC119500

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

Beant Singh Narang

10615

Sarabjot Singh Narang

41721

Sarabdeep Singh Narang

14966

Indrajee Kaur

1425

Jasmeet Kaur

4950

Gagan Preet Kaur

3450

Davinder Kaur

1150

Bhawan Deep Singh

150

S Randhir Singh Kohil

900

Amrit Kohli

250

Chattar Singh Bedi

600

Paramjeet Singh Bedi

1310

Arvinder Kaur Bedi

1640

Vijender Mittal

1000

Ipniderr Kaur

500

Swam Ahuja

1000

Avtar Singh Arora

1000

Anil Kumar Garg

1000

Swastik Leasing Private Limited, New Delhi, India

2000

Cilsoln Finance Limited, New Delhi, India

4900

Musk Export and Marketing Limited, New Delhi, India

4900

Cilson Organics Limited, New Delhi, India

3000

S Harinder Pal Sing Gulati

2000

 

 

Total

104427

 

 

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

10.443

8.943

8.943

(b) Reserves & Surplus

25.474

21.298

17.619

(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)

35.917

30.241

26.562

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

17.276

17.724

23.962

(b) Deferred tax liabilities (Net)

0.000

0.033

0.181

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

17.276

17.757

24.143

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

42.885

25.043

9.577

(b) Trade payables

18.655

24.331

19.396

(c) Other current liabilities

28.086

10.694

10.766

(d) Short-term provisions

3.019

2.461

1.245

Total Current Liabilities (4)

92.645

62.529

40.984

 

 

 

 

TOTAL

145.838

110.527

91.689

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

53.661

37.497

25.211

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

1.050

0.846

0.486

(e) Other Non-current assets

0.094

0.000

0.000

Total Non-Current Assets

54.805

38.343

25.697

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

1.391

1.204

3.042

(b) Inventories

41.892

26.803

19.640

(c) Trade receivables

29.558

31.302

21.883

(d) Cash and cash equivalents

2.188

2.122

0.666

(e) Short-term loans and advances

7.981

4.903

4.036

(f) Other current assets

8.023

5.850

16.725

Total Current Assets

91.033

72.184

65.992

 

 

 

 

TOTAL

145.838

110.527

91.689

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

221.544

151.529

151.055

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

607.565

52.113

0.058

 

 

 

 

 

Less

TAX                                                                 

NA

NA

0.019

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

NA

NA

0.039

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

13.375

0.261

1.590

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

NA

NA

0.44

 

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

258.600

 

 

 

 

 

The above information has been parted by Mr. Raghu Kapoor

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

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 :

Q-21 A, Model Town, New Delhi-110009, India

Tel. No.:

91-11-42466396 / 42466196

Mobile No.:

91-9810039745 (Mr. Sarabjot Singh)

Fax No.:

91-11-23854144 / 23854535 / 25220907 / 23854144

E-Mail :

sterimed@vsnl.com

sterimed.corporate@gmail.com

Website :

http://www.pgi-india.com

Area :

2250 Sq. ft.

Location :

Owned

 

 

Factory 1 :

C-H/2, Government Industrial Area, Bahadurgarh, Haryana, India

Area :

4000 Sq.ft.

Location :

Owned

 

 

Factory 2 :

E-11, Government Industrial Area, Bahadurgarh, Haryana, India

Area :

4000 Sq.ft.

Location :

Owned

 

 

Sales Office:

Plot No. 48, Road No. 52, 2nd Floor, Punjabi Bagh (West), New Delhi – 110026, India

 

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.