MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
SONGWON INTERNATIONAL – INDIA PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.12.2013 |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Not Divulged |
BUSINESS DETAILS
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Line of Business : |
Trader of Specialty Chemicals. |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
Citi Bank. Time Square Branch, Andheri (East), Mumbai, |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Gokhale and Sathe Chartered Accountants |
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Address : |
302/303, Udyog Mandir No.1, 7-C, Bhagoji Keer Marg, Mumbai – 400016,
Maharashtra, India |
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E-Mail : |
AAAFG4990K |
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Ultimate Holding Company : |
Songwon Industrial Company Limited |
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Holding Company : |
Songwon International AG |
MAJOR SHAREHOLDERS
AS ON 15.03.2013
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Names of Shareholders |
No. of Shares |
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Nilesh Ramchandra Mehta |
1 |
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Songwon International AG, Switzerland |
499999 |
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Total |
500000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
5.000 |
5.000 |
5.000 |
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(b) Reserves & Surplus |
46.764 |
30.822 |
7.317 |
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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) |
51.764 |
35.822 |
12.317 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
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 |
0.112 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
0.112 |
0.000 |
0.000 |
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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 |
41.011 |
49.033 |
92.662 |
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(c) Other current
liabilities |
0.705 |
0.386 |
0.279 |
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(d) Short-term provisions |
2.566 |
5.382 |
2.051 |
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Total Current Liabilities (4) |
44.282 |
54.801 |
94.992 |
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TOTAL |
96.158 |
90.623 |
107.309 |
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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 |
0.411 |
0.955 |
1.306 |
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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) |
0.260 |
0.110 |
0.109 |
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(d) Long-term Loan and Advances |
1.266 |
1.413 |
1.512 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
1.937 |
2.478 |
2.927 |
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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 |
36.086 |
34.264 |
51.761 |
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(c) Trade receivables |
31.393 |
35.104 |
26.393 |
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(d) Cash and cash
equivalents |
25.061 |
16.312 |
24.575 |
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(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
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(f) Other current assets |
1.681 |
2.465 |
1.653 |
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Total Current Assets |
94.221 |
88.145 |
104.382 |
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TOTAL |
96.158 |
90.623 |
107.309 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
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SALES |
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Income |
194.916 |
223.717 |
168.069 |
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Other Income |
(5.810) |
0.692 |
(13.826) |
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TOTAL |
189.106 |
224.409 |
154.243 |
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Less |
EXPENSES |
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Purchase of Stock-in-trade |
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131.431 |
131.949 |
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Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
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17.497 |
(19.331) |
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Employee Benefits Expenses |
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11.019 |
9.245 |
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Other Expenses |
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34.943 |
24.805 |
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Exceptional Items |
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(6.101) |
0.000 |
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TOTAL |
NA |
188.789 |
146.668 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
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35.620 |
7.575 |
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Less |
DEPRECIATION/
AMORTISATION |
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0.516 |
0.502 |
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PROFIT/(LOSS)
BEFORE TAX |
NA |
35.104 |
7.073 |
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Less |
TAX |
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11.599 |
2.327 |
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PROFIT/(LOSS)
AFTER TAX |
15.942 |
23.505 |
4.746 |
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Earnings Per
Share (Rs.) |
13.88 |
47.01 |
9.49 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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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 : |
701-702, Purva Plaza Co-operative Housing Society Limited, Shimpoli
Signal, Near Reliance Energy, Borivali (West), Mumbai – 400092, Maharashtra,
India |
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Tel. No.: |
91-22-28997419 |
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Fax No.: |
91-22-28991029 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Overseas Office (Head Office) : |
Located at: Korea |
NOTES: Registered office
address of the company has been shifted from Flat No.307, B-wing, Kalpataru
Building, Satya Nagar, Borivali (West), Mumbai – 400092, Maharashtra, India to
the present address w.e.f. 01.09.2010
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.