MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

TECHNO TARP AND POLYMERS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMT12746G

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturers and Exporters of Tarpaulins, Plastic Sheets, HDPE Laminated Fabrics, HDPE Coated With LDPE, Printed Tarpaulins, etc.

 

PRODUCTION STATUS (AS ON 31.03.2011)

 

Particulars

Unit

Licensed Capacity

Tones

Installed Capacity

Tones

Actual Production

 

 

 

 

 

Tarapaulin

M.T.

NA

3600

1982

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

ING Vysya Bank Limited, Patel Chambers, Ground Floor, Sandhurst Bridge, Opera House, Mumbai - 400007, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Long term borrowings

 

 

Term loan from banks

8.899

13.846

Vehicle loan

0.000

0.165

 

 

 

Short term borrowings

 

 

Cash credit

3.765

1.908

Foreign bill purchase from banks 

17.266

24.956

Packing Credit

24.696

28.558

Total

54.626

69.433

 

 

 

Unsecured Loan

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Long term borrowings

 

 

Loan from directors and shareholders

35.163

31.619

 

 

 

Total

35.163

31.619

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

S. Ramanand Aiyar and Company

Chartered Accountants

Address :

501/502, 5th Floor, Next to Crescent Plaza, Opposite Imperial Hotel, Telli Gully, Mumbai – 400069, Maharashtra, India

PAN No.:

ABJFS9507L

 

 

Enterprises over which key management personal are able to excise significant influence:

·         Techno Relief Services (EPZ) Limited

·         Techno Relief Services Limited

·         Techno Relief Services Free Zone Company Limited

·         Techno Relief Services Limited (USA)

·         Techno Relief Emergency company Limited

·         Techno Relief Overseas (India) Private Limited

·         Techno Relief Suppliers Limited Liability Company 

·         Nutrivita Foods Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

 

As on: 30.09.2013

 

Names of Shareholders

 

No. of Shares

Vijaykumar Ramprakash Ojha

 

3260000

Ramprakash Ojha

 

240000

 

 

 

Total

 

3500000

 

 

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

35.000

16.000

16.000

(b) Reserves & Surplus

20.279

18.869

10.863

(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)

55.279

34.869

26.863

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

44.062

45.631

27.293

(b) Deferred tax liabilities (Net)

0.000

0.546

0.000

(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)

44.062

46.177

27.293

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

45.727

55.421

41.268

(b) Trade payables

17.683

33.716

11.832

(c) Other current liabilities

26.349

30.191

14.643

(d) Short-term provisions

0.339

2.669

0.713

Total Current Liabilities (4)

90.098

121.997

68.456

 

 

 

 

TOTAL

189.439

203.043

122.612

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

62.944

72.259

34.752

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

6.458

(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)

0.518

0.000

1.113

(d) Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

4.455

3.238

2.106

Total Non-Current Assets

67.917

75.497

44.429

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

33.328

44.866

35.756

(c) Trade receivables

69.986

68.820

32.600

(d) Cash and cash equivalents

2.485

1.333

1.486

(e) Short-term loans and advances

13.371

11.504

6.267

(f) Other current assets

2.352

1.023

2.074

Total Current Assets

121.522

127.546

78.183

 

 

 

 

TOTAL

189.439

203.043

122.612

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

260.854

235.919

 

 

Other Income

 

2.364

3.999

 

 

TOTAL                                    

260.855

263.218

239.918

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL

260.420

250.824

236.101

 

 

 

 

 

 

PROFIT BEFORE TAX

0.435

12.394

3.817

 

 

 

 

 

Less

TAX                                                     

(0.975)

4.389

0.190

 

 

 

 

 

 

PROFIT AFTER TAX

1.410

8.005

3.627

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

18.869

10.864

7.237

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

20.279

18.869

10.864

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

229.075

230.745

204.070

 

TOTAL EARNINGS

229.075

230.745

204.070

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Trading Goods

24.410

57.790

86.190

 

TOTAL IMPORTS

24.410

57.790

86.190

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.40

5.00

1.70

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (32)

 

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

 

CASE DETAILS

 

Lodging No.:-

ITXAL/1243/2013

Filing Date:-

30/07/2013

Reg. No.:

ITXA/2134/2013

Reg. Date:

11/11/2013

 

Petitioner:-

Commissioner of Income Tax – 8

Respondent:-

TECHNO TARP AND POLYMERS PRIVATE LIMITED

Petn.Adv.:-

A.K. Saxena (0)

Resp. Adv.

S.C. Tiwari (0)

District:-

Mumbai

 

 

 

Bench:-

Divison

 

 

Status:-

Pre-Admission

Category:-

Tax Appeals

Next Date:

05/02/2014

Stage:-

 

Coram:

According to Sitting List

 

 

 

Act:

Income Tax Act, 1961

Under Section:

260A

 

 

RBI DEFAULTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered/ Head Office :

B-310, Everest Grande, Mahakali Caves Road, Opposite Ahura Centre, Andheri (East), Mumbai – 400093, Maharashtra, India 

Tel. No.:

91-22-26873811-16

Fax No.:

91-22-26873817

E-Mail :

valjib@technorelief.com

sales@technotarp.com

hemantp@technorelief.com

india@technotarp.com

leeladhar@technorelief.com

Website :

www.technorelief.com

http://www.technotarp.com

Area :

1100 sq ft

Location :

Owned

 

 

Factory :

Plot No.4913/14/15/20/ 21, Plastic Zone, GIDC, Sarigam, Bhilad, District Valsad – 396 155, Gujarat, India

Tel. No.:

91-260-2780444/ 2780777/ 2780888

Fax No.:

91-260-2780333

E-Mail :

hemantp@technorelief.com

india@technotarp.com

 

NOTE:

 

The registered address of the company D-613, Floral Deck Plaza, MIDC, Andheri, Mumbai – 400093, Maharashtra, India has been shifted to the present address w.e.f. 18.03.2010

 

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