MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

KLA INDIA PUBLIC LIMITED [w.e.f.01.10.2013]

 

 

Formerly Known As :

BRK COMMODITY INDIA LIMITED [w.e.f.25.06.2012]

 

KLA INDIA PUBLIC LIMITED [w.e.f.01.10.2008]

 

KLA RICE INDIA PUBLIC LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

RTKK01371G

 

 

PAN No.:

[Permanent Account No.]

AABCK7701L

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing and Processing of Agricultural Products.

 

 

Products :

ITC Code No.

 

Product Descriptions

39252000

Agricultural Product

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

v      State Bank of India

Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, Delhi, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

[Entire current assets comprising of raw material, stock in progress, finished goods and book debts]

311.624

343.428

 

 

 

Total

 

311.624

343.428

 

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG-TERM BORROWINGS

 

 

Deposits

0.000

2.710

 

 

 

Total

 

0.000

2.710

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Kailash Suresh and Associates

Chartered Accountants

Address :

Gali No. 1, Near Columbus School, Model Colony, Rudrapur, Uttarakhand, India

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

AGSPG1100B

 

 

Related Parties :

v      Param Exim Limited [U74899DL2003PLC120657]

v      KBP Commodity India Private Limited [U74999DL2012PTC236066]

v      KLA Foods (India) Limited [U15412DL2006PLC171118]

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 23.09.2013

 

Names of Shareholders

 

No. of Shares

 

Arun Agarwal

 

2813250

Ashok Agarwal

 

1870000

Neetu Agarwal

 

5243150

Kundan Lal Agarwal

 

1287000

Shakuntala Devi Agarwal

 

1421750

Ranjeeta Agarwal

 

1960750

Kundan Lal Agarwal HUF

 

816750

Ashok Agarwal HUF

 

668250

Arun Agarwal HUF

 

594000

Param Exim Limited, India

 

450000

 

 

 

Total

 

 

17124900

 

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

171.249

171.249

171.249

(b) Reserves & Surplus

46.550

88.001

82.927

(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)

217.799

259.250

254.176

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

2.710

0.000

(b) Deferred tax liabilities (Net)

9.617

10.330

8.635

(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)

9.617

13.040

8.635

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

311.624

343.428

221.433

(b) Trade payables

197.070

17.959

5.295

(c) Other current liabilities

0.315

4.503

3.536

(d) Short-term provisions

37.200

1.186

6.835

Total Current Liabilities (4)

546.209

367.076

237.099

 

 

 

 

TOTAL

773.625

639.366

499.910

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

64.031

72.377

73.882

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.008

0.008

0.008

(e) Other Non-current assets

0.000

1.327

0.594

Total Non-Current Assets

64.039

73.712

74.484

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

2.916

(b) Inventories

12.438

31.513

43.507

(c) Trade receivables

555.856

387.415

216.248

(d) Cash and cash equivalents

20.101

23.535

7.625

(e) Short-term loans and advances

119.369

123.191

155.115

(f) Other current assets

1.822

0.000

0.015

Total Current Assets

709.586

565.654

425.426

 

 

 

 

TOTAL

773.625

639.366

499.910

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from Operations

436.065

1388.424

1110.699

 

 

Other Income

3.939

15.974

3.332

 

 

TOTAL                                     (A)

440.004

1404.398

1114.031

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

32.223

70.561

49.261

 

 

Purchases of Stock-in-Trade

365.970

1161.151

988.040

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

9.543

20.415

(8.402)

 

 

Employees benefits expense

1.099

8.013

5.213

 

 

Other expenses

8.417

94.613

27.631

 

 

Prior Period Expense

0.000

0.065

0.000

 

 

TOTAL                                     (B)

417.252

1354.818

1061.743

 

 

 

 

 

Less

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

22.752

49.580

52.288

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

59.367

36.626

19.086

 

 

 

 

 

 

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

(36.615)

12.954

33.202

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

8.416

6.729

6.622

 

 

 

 

 

 

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

(45.031)

6.225

26.580

 

 

 

 

 

Less

TAX                                                                  (H)

(0.712)

2.946

8.649

 

 

 

 

 

 

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

(44.319)

3.279

17.931

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

NA

560.486

156.818

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

(2.59)

0.19

1.05

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Exist

 

 

LITIGATION DETAILS

 

IN THE HIGH COURT OF DELHI AT NEW DELHI

 

CS(OS) 543/2009

 

M/S ISLAND SKY TRADING LLC ..... Plaintiff

 

Through

 

versus

 

KLA INDIA PUBLIC LIMITED and OTHERS ..... Defendants

 

Through

 

CORAM:

 

SH. SATINDER KUMAR GAUTAM (DHJS), JOINT REGISTRAR

 

O R D E R

 

03.04.2014

 

Deleted.

 

SATINDER KUMAR GAUTAM (DHJS)

 

JOINT REGISTRAR

 

APRIL 03, 2014/RB

 

$ 16

 

 

RBI DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

21/3, New Rajinder Nagar, Geeta Mandir Marg, Near Navgriha Mandir, New Delhi – 110001, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

agarwalchaman@yahoo.co.in

Website :

http://www.klaindia.com

 

 

Head Office/ Rice and Minerals :

2nd Milestone, Kichha Road, Rudrapur – 263153, District U.S. Nagar, Uttarakhand, India

Tel. No.:

91-5944-243807/ 244697/ 246507/ 241862

Fax No.:

91-5944-244107

E-Mail :

info@klaindia.com

 

 

Fruits and Vegetables : 

4th Mile Stone, Rudrapur Road, Kichha - 263148, District U.S. Nagar, Uttarakhand, India 

 

 

Delhi Office : 

21/3 , Ground Floor, Geeta Mandir Marg, Near Navgrah Mandir, New Rajendar Nagar, New Delhi - 110060, India 

 

 

Overseas Office :

KLA South Africa Pty Limited, Morningside, Durban, Kwazulu-Natal, South Africa 

 

 

CHANGE OF ADDRESS

 

The Registered Office of the company has been shifted from Mall Godown Road, Near N.C. Garg C.A., Rohtak – 124001, Haryana, India to the present address w.e.f.28.11.2007.

 

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.