MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

SUPARNA CHEMICALS LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS37272E

 

 

PAN No.:

[Permanent Account No.]

AABCS4578F

 

 

Legal Form :

A closely held public limited liability company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Specialty Chemicals

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Germany

·         USA

·         Japan

·         Europe

·         Far East

·         Philippines

·         Malaysia

 

 

Imports :

 

Products :

Raw Material

Countries :

·         Japan

·         European Countries

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers and Retailers

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         State Bank of India, SME Backbay Reclamation Branch, Raheja Chamber, Nariman Point, Mumbai – 400021, Maharashtra, India 

 

·         Industrial Development Bank of India, Cuffe Parade, Mumbai, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

LONG TERM BORROWINGS

 

 

Term loans from Banks

56.800

87.600

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand (From bank)

 

 

Working Capital

20.506

55.667

Foreign Currency in PCFC

(Primarily Secured by 1st Hypothecation of entire Current Assets including goods in transit and collateral a charge on the entire fixed assets of the company and personally guaranteed by Directors. The Interest rate ranges from 14% to 15% )

39.522

0.000

Total

116.828

143.267

 

 

 

Particulars

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

SHORT TERM BORROWINGS

 

 

Loans and Advances from Directors

0.651

1.111

Total

0.651

1.111

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Komal Maru and Associates

Chartered Accountants

Address :

1102, Amrut  Tower, S.N. Road, Mulund (West), Mumbai – 400080, Maharashtra, India

Mobile No.:

91-9892822826

E-Mail :

cakomalmaru@gmail.com

 

 

Associates/Subsidiaries :

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 31.08.2012

 

Names of Shareholders

 

 

No. of Shares

Sandhya R Mandal 

 

1524975

R N Mandal (HUF)

 

949995

Sumona Chatterjee

 

49845

Sparna Mandal

 

250005

Upendra Nath

 

150

Ramnath N. Mandal

 

1800000

Debashish Mandal

 

30

Total

 

4575000

 

 

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

45.750

45.750

45.750

(b) Reserves & Surplus

2304.698

2322.009

2342.649

(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)

2350.448

2367.759

2388.399

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

56.800

87.600

103.200

(b) Deferred tax liabilities (Net)

16.799

15.660

13.850

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

1.407

1.175

1.912

Total Non-current Liabilities (3)

75.006

104.435

118.962

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

60.679

56.778

66.222

(b) Trade payables

65.216

48.123

60.136

(c) Other current liabilities

24.661

18.219

17.957

(d) Short-term provisions

0.466

5.721

6.721

Total Current Liabilities (4)

151.022

128.841

151.036

 

 

 

 

TOTAL

2576.476

2601.035

2658.397

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

916.704

958.103

1006.892

(ii) Intangible Assets

1471.800

1471.800

1471.800

(iii) Capital work-in-progress

0.406

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

4.566

2.314

2.342

(e) Other Non-current assets

13.546

13.924

8.666

Total Non-Current Assets

2407.022

2446.141

2489.700

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

89.711

45.391

64.461

(c) Trade receivables

50.954

83.715

71.309

(d) Cash and cash equivalents

4.126

7.164

7.960

(e) Short-term loans and advances

24.420

18.550

24.930

(f) Other current assets

0.243

0.074

0.037

Total Current Assets

169.454

154.894

168.697

 

 

 

 

TOTAL

2576.476

2601.035

2658.397

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

351.349

338.937

317.995

 

 

Other Income

0.574

1.348

3.062

 

 

TOTAL                                         (A)

351.923

340.285

321.057

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

151.614

116.713

113.668

 

 

Purchase of Stock-in-trade

61.660

44.218

34.249

 

 

Changes in Inventories of finished goods, work-in-progress and stock-in-trade

(37.734)

16.142

13.023

 

 

Employee Benefits Expenses

20.662

15.917

15.233

 

 

Other Expenses

86.553

71.273

71.848

 

 

Exceptional Items

0.000

0.000

(3.122)

 

 

TOTAL                                         (B)

282.755

264.263

244.899

 

 

 

 

 

Less

PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

69.168

76.022

76.158

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

23.238

28.967

30.770

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                (E)

45.930

47.055

45.388

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

17.711

17.158

17.342

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX (E-F)                   (G)     

28.219

29.897

28.046

 

 

 

 

 

Less

TAX                                                                  (H)

7.346

12.353

6.349

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX (G-H)                    (I)

20.873

17.544

21.697

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

FOB Value of Exports

210.471

167.817

172.420

 

TOTAL EARNINGS

210.471

378.288

172.420

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

92.557

74.007

67.146

 

 

Stores & Spares

0.076

0.078

0.213

 

 

R and D Expenses

0.000

0.159

0.000

 

TOTAL IMPORTS

92.633

74.244

67.359

 

 

 

 

 

 

Earnings Per Share (Rs.)

4.56

3.83

6.59

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

400.000

 

 

 

 

 

The above information has been parted by Mr. Santosh Tanawane (Finance Head).

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (33)

 

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 :

Exist

 

LITIGATION DETAILS

 

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH:- BOMBAY

LODGING NO:-

SSL/2913/2011

FAILING DATE:-

13/10/2011

REG. NO.:

SS/623/2012

REG. DATE: 09/03/2012

PETITIONER:-

GEMINI WIRE PRODUCTS PVT. LTD.-

RESPONDENT:-

SUPARNA CHEMICALS LIMITED

PETN.ADV:-

UDAYA SANKAR SAMUDRALA (0)

 

 

DISTRICT:-

MUMBAI

 

BENCH:-

SINGLE

 

 

STATUS:-

TRANSFERRED

CATEGORY:-

MONETARY SUITS

TRANSFER DATE:-

03/10/2012

REMARKS:-

TRANSFERRED TO CITY CIVIL COURT

 

 

ACT:-

CODE OF CIVIL PROCEDURE 1908

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

54, A, Mittal Tower, Nariman Point, Mumbai – 400021, Maharashtra, India

Tel. No.:

91-22-22027446 / 47 / 48 / 49

Mob. No.:

91-9833067815 (Mr. Santosh Tanawane)

Fax No.:

91-22-22830212

E-Mail :

export@suparnachemicals.co.in   

domesticsales@suparnachemicals.co.in

accounts@suparnachemicals.co.in

junk@junk.com

Website :

www.suparnachemicals.co.in

 

 

Factory 1 :

W-9,  Chemical Zone, MIDC, Ambernath - 421501, Maharashtra, India

Tel. No.:

91-251-2610612

Fax No.:

91-251-2610893

 

 

Factory 2 :

Plot No. N-63, MIDC, Additional Ambernath (East), Thane - 421506, Maharashtra, India

Tel. No.:

91-251-2610125

Fax No.:

91-251-2610893

 

 

Factory 3:

Plot 656, Sylvasa Road, GIDC, Vapi - 396195, Gujarat, India

Tel. No.:

91-260-2452207

Fax No.:

91-260-2453132

 

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