MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

CLARITAS POWER SYSTEM SOLUTION PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEC07515E

 

 

PAN No.:

[Permanent Account No.]

AADCC3924H

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

40 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Control Panels and Engineering Goods.

 

 

Exports :

 

Countries :

·         Malaysia

·         Africa

 

 

Imports :

 

Products :

Raw Material

Countries :

Germany

 

 

GENERAL INFORMATION

 

No. of Employees :

40 (Approximately)

 

 

Bankers :

·         HDFC Bank Limited

The Vishweshwar Sahakari Bank Limited, 471/472, Market Yard, Gultekdi, Through IT`s Paud Road Branch, Pune – 411037, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Term Loans

From Banks

3.251

4.929

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

From Banks

HDFC Bank Limited

0.771

1.464

Mahindra and Mahindra Finance

0.306

0.413

The Vishweshwar Sahakari Bank (Cash Credit)

7.653

7.363

 

 

 

Total

11.981

14.169

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Loan from Directors

0.879

0.000

 

 

 

Total

0.879

0.000

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Nishikant Badwe

Chartered Accountant

Address :

6, Harmony House, 797/1A, Bhandarkar Road, Pune – 411004, Maharashtra, India

Tel. No.:

91-20-25674412

Fax No.:

91-20-25677646

E-Mail :

nvbadwe@vsnl.net

Income-tax PAN of auditor or auditor's firm :

ABGPB9014Q

 

 

Associates and Joint Ventures :

High Tech Power System Solution

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 26.08.2013

 

Names of Shareholders

 

No. of Shares

 

Tushar Deshmukh

 

15100

Pandurang Bisale

 

15100

Vaishali Bisale jointly with Asawari Deshmukh

 

4000

 

 

 

Total

 

34200

 

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

0.342

0.342

1.502

(b) Reserves & Surplus

37.638

23.755

10.690

(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)

37.980

24.097

12.192

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

4.130

4.929

6.366

(b) Deferred tax liabilities (Net)

0.079

0.124

0.257

(c) Other long term liabilities

0.000

0.000

9.950

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

4.209

5.053

16.573

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

8.730

9.240

10.461

(b) Trade payables

54.319

57.391

36.798

(c) Other current liabilities

7.259

15.327

10.310

(d) Short-term provisions

8.656

9.621

1.110

Total Current Liabilities (4)

78.964

91.579

58.679

 

 

 

 

TOTAL

121.153

120.729

87.444

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

12.616

12.231

11.451

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

1.564

1.564

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.813

0.450

0.438

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

8.650

8.900

7.900

(e) Other Non-current assets

4.099

4.170

3.720

Total Non-Current Assets

27.742

27.315

23.509

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

26.838

52.667

20.268

(c) Trade receivables

57.952

31.354

37.746

(d) Cash and cash equivalents

6.925

6.482

4.772

(e) Short-term loans and advances

1.696

2.692

0.930

(f) Other current assets

0.000

0.219

0.219

Total Current Assets

93.411

93.414

63.935

 

 

 

 

TOTAL

121.153

120.729

87.444

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

TOTAL                                    

241.168

215.612

152.291

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

220.616

197.787

141.745

 

 

 

 

 

 

PROFIT BEFORE TAX

20.552

17.825

10.546

 

 

 

 

 

Less

TAX                                                                 

6.669

5.920

3.242

 

 

 

 

 

 

PROFIT AFTER TAX

13.883

11.905

7.304

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export of goods calculated on FOB basis

69.693

1.533

14.050

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

48.074

51.780

NA

 

 

 

 

 

 

Earnings Per Share (Rs.)

405.93

391.80

NA

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

RBI DEFAILTERS’ LIST STATUS

           

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

 

 

LOCATIONS

 

Registered Office :

Harmony House, Office No. 10, 797/1A, Bhandarkar Road, Pune - 411001, Maharashtra, India

Tel. No.:

91-20-66017381/ 25672901

Fax No.:

91-20-66017381

E-Mail :

dttushar@rediffmail.com

Website :

http://www.claritaspowersystem.com

 

 

Corporate Office :

Claritas House, 799 / 1A, Bhandarkar Road, Pune - 411004, Maharashtra, India

Tel. No.:

91-20-66017381

 

 

Factory :

Electronic Zone, Sector-7, Plot No. 31, PCNTDA, Bhosari, Pune - 411026, Maharashtra, India

 

 

GENERAL INFORMATION

 

Established in 2008, the Company is a Manufacturing of Control Panels and Engineering Goods. The Company currently operates through its facilities located at Pune and Bhosari.

 

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.