MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	BHARAT PRODUCTS LIMITED
Country :	India
Financials (as on) :	31.03.2013
Legal Form :	A Closely Held Public Limited Liability Company
No. of Employees :	30 (Approximately)

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Co-Ex bottles, Tin Containers, Multilayer bottles
Imports :
Products :	Raw Material
Countries :	· Japan · Singapore

GENERAL INFORMATION

No. of Employees :

30 (Approximately)

Bankers :

Union Bank of India, Paschim vihar (Branch), New Delhi, India

Facilities :

SECURED LOAN	Rs. In Millions 31.03.2013	Rs. In Millions 31.03.2012
From Bank
HDFC Car Loan	0.000	0.168
HDFC Car Loan	0.260	0.841
Axis Bank Car Loan	3.090	4.636
Axis Bank Car Loan (Secured by Hypothecation of Vehicles)	0.603	0.000
Loans Repayable On Demand
From Bank
On Overdraft Account from Union Bank of India with UBI (Secured by Hypothecation of fully paid stock & entire book debts & personal Guarntee of Directors)	57.331	69.412
Term Loan from Union Bank of India	0.997	3.197
Term Loan from Union Bank of India	0.000	1.500
(Term Loan is secured by Hypothecation of Machines & Personal Guarantee of Directors)
TOTAL	62.281	79.754
UNSECURED LOAN	Rs. In Millions 31.03.2013	Rs. In Millions 31.03.2012
Loans And Advances From Directors & Relatives
From Directors	2.723	12.461
From Others	2.817	5.342
TOTAL	5.540	17.803

Banking Relations :
Auditors :
Name :	S P Agarwal and Company Chartered Accountant
Address :	5, Todarmal Lane, First Floor, Bengali Market, New Delhi – 110001, India

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Subhash Chander Gupta	263510
Lalita Gupta	12000
Subhash Chander [Huf]	7500
Pawan Kumar	34200
Devi Sahai Gupta And Sons [Huf]	50500
Anita Gupta	22500
Mukesh Aggarwal	3000
Satya Narain Gupta	297800
Meena Gupta	135800
Sushil Goel	99800
S.N. Gupta And Sons [Huf]	18000
Rajender Kumar And Sons	5100
Hari Kishore	21540
Dinesh Singhal	11800
Mukesh Kumar Aggarwal	6000
N. K. Aggarwal And Sons	6500
Nand Kishore And Sons	15000
Raj Kumar Bansal	90860
Sulochana Bansal	42640
Mahavir Prasad And Sons	14800
Vinod Kuma	47200
Krishna Devi	24500
Sumitra Devi	3000
Lal Chand And Sons	3500
Ashok Kumar [Huf]	3500
Sunita Aggarwal	3000
Performance Trading & Investment Pvt. Ltd.	50000
Parveen Kumar	30000
Santosh Devi	184000
Sandeep Lohia	96010
Gagan Garg	10100
J.P. Gupta And Sons	75100
Jai Prakash Garg	22600
Jai Prakash Garg And Sons [Huf]	13100
Kaushalya Devi	37100
Mewa Devi	100
Manmohan Garg	8100
Parveen Kumar	59400
Rahul Gupta	100
Shashi	7100
S . K. Bansal And Sons [Huf]	100
Shakuntala De	11600
Usha Garg	200100
Madan Electronics Pvt Ltd.	100
Sanjay Mittal	100
Toshina Chemical Pvt. Ltd.	100
Vinod Kumar Gupta	15000
Ranju Gupta	15000
Sarita Devi	15000
Manoj Gupta	15000
Rajesh Kumar Goyal	20000
Pawan Kumar	12500
Shankar Lal Gupta	12500
Neetu Aggarwal	25000
Manoj Kumar	10000
Kailash Chand	20000
Prem Lata	20000
Dinesh Kumar	15000
Deepak Gupta	200
Kamlesh	20000
Kamlesh	68000
Ankur Gupta	40000
Total	2371660

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	23.718	23.718	23.718
(b) Reserves & Surplus	76.304	73.654	46.298
(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)	100.022	97.372	70.016
(3) Non-Current Liabilities
(a) long-term borrowings	9.494	23.449	26.439
(b) Deferred tax liabilities (Net)	0.540	0.680	0.213
(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)	10.034	24.129	26.652
(4) Current Liabilities
(a) Short term borrowings	58.328	74.109	63.477
(b) Trade payables	39.538	20.972	39.084
(c) Other current liabilities	2.021	2.316	4.531
(d) Short-term provisions	10.991	9.206	0.562
Total Current Liabilities (4)	110.878	106.603	107.654
TOTAL	220.934	228.104	204.322
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	50.053	51.185	47.176
(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	0.100	0.100	0.100
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	9.558	7.114	0.530
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	59.711	58.399	47.806
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	45.099	38.320	41.988
(c) Trade receivables	96.091	112.162	98.750
(d) Cash and cash equivalents	3.936	2.485	1.488
(e) Short-term loans and advances	16.097	16.738	14.292
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	161.223	169.705	156.518
TOTAL	220.934	228.104	204.324

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	264.147	236.718	281.770
		Other Income	0.691	0.031	0.100
		TOTAL (A)	264.838	236.749	281.870
Less	EXPENSES
		Cost of materials consumed	193.392	154.310	219.459
		Change in inventory of finished goods, Work-in-progress	(7.558)	9.182	(19.476)
		Employee Benefits Expense	8.752	8.418	8.468
		Other Expenses	47.521	43.602	53.768
		Exceptional Items	0.000	(30.895)	0.000
		TOTAL (B)	242.107	184.617	262.219
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		22.731	52.132	19.651
Less	FINANCIAL EXPENSES (D)		11.243	12.152	9.058
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		11.488	39.980	10.593
Less/ Add	DEPRECIATION/ AMORTISATION (F)		7.181	4.913	3.303
	PROFIT BEFORE TAX (E-F) (G)		4.307	35.067	7.290
Less	TAX (I)		1.658	7.711	1.805
	PROFIT AFTER TAX (G-I) (J)		2.649	27.356	5.485
	Earnings Per Share (Rs.)		1.12	11.53	2.31

Particulars	31.03.2014
Sales Turnover	310.000

The above information has been parted by Mr.Kevin (Accountant).

RATING & COMMENTS

MIRA’s Rating :

B (34)

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 :	E-17 DSIDC Industrial Complex, Nangloi, New Delhi – 110041, India
Tel. No.:	91-11-43778844
Fax No.:	91-11-43778850
E-Mail :	monishuppal@yahoo.com spaaco@bol.net.in

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