MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
MILLTEC MACHINERY PRIVATE LIMITED MILLTEC INDUSTRIES BANGALORE PRIVATE LIMITED MERGED WITH MILLTEC
MACHINERY PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
: |
400 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of rice milling machinery, flour milling machinery, dal
milling machinery. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
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·
·
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Imports : |
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Products : |
Raw Material/Machinery |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit, Cheque |
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Purchasing : |
Cash and Credit, Cheque |
PRODUCTION STATUS (AS
ON 31.03.2013)
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Description |
Figure in (Numbers) Production |
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CLAS-2DB |
80 |
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CLAS-2DB-DI |
1 |
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CLAS 3DB |
21 |
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ASPI-1000-N1 |
86 |
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ASPS-B |
6 |
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CLAS-2DB-B |
17 |
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ASPI-1500 |
17 |
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DEST-2DB |
203 |
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DEST-2DB-B |
28 |
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SHEL-N1 |
565 |
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SHEL-5T |
2 |
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HUSE-B |
41 |
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SHEL-6T |
116 |
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HUSE-6T |
72 |
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SHEL-8T |
2 |
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DEHU-B |
4 |
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TSEP-1D |
47 |
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TSEP-2D |
67 |
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TGRD-2D |
81 |
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TGRD-4D |
44 |
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TGRD-6D |
9 |
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TINY-N2 |
59 |
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STAR-N2 |
643 |
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STAR-4T |
227 |
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MEGA-N1 |
171 |
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MEGA-8T |
19 |
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GIGA |
0 |
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POLY-M2 |
19 |
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POLY-M3 |
81 |
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SILK-N1 |
530 |
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SILK-8T |
38 |
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SIFT-5T |
1 |
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LGRD |
345 |
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LGRD-2DM(2/2) |
39 |
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LGRD-2DM-1/3 |
15 |
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LGRD-3DM |
1 |
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ELEV-200-26'H |
34 |
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ELEV-200-30'H |
60 |
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ELEV-200-32'H |
4 |
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ELEV-200-36'H |
22 |
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ELEV-200-40'H |
2 |
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ELEV-200-42'H |
1 |
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ELEV-250 N1-26'H |
51 |
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ELEV-250 N1-30' H |
106 |
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ELEV-250-N1-36'H |
75 |
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ELEV-250 N1-40'H |
4 |
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ELEV-340 N1-36'H |
3 |
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ELEV-340 N1-26'H |
1 |
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ELEV-340X200,26' |
1 |
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ELEV-340 N1-30'H |
3 |
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MASE-S |
1289 |
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MASE-B |
62 |
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BNDS |
670 |
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BNDS-B |
206 |
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BNDS-300 |
58 |
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RECO |
2 |
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PNSG |
568 |
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DRUM |
1 |
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Total |
6920 |
GENERAL INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
State Bank of India, Electronic City Branch, 26/A, Electronic
City, Bangalore - 560100, Karnataka, India |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
V A Venkatram and Company |
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Address : |
37/A 6th Main, 12A Cross, 3rd Phase, J P Nagar, Bangalore – 560078, Karnataka, India |
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PAN No.: |
AAKPV5665L |
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Other related party: |
M.S.Sorters Private Limited, India [U31100KA2009PTC049840] Milltec Industries Bangalore Private Limited, India [U02922KA2004PTC033993] |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.06.2013
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Names of Shareholders |
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No. of Shares |
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Ramaiah Ravindranath |
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600000 |
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Rajendran Joghee |
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600000 |
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Manjula Rajendran |
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150000 |
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Uma Rachappa |
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150000 |
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Multiples Private Equity Fund |
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382050 |
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Multiples Private Equity Fund I Limited, Mauritius |
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1117950 |
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Total |
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3000000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
30.000 |
30.000 |
30.000 |
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(b) Reserves & Surplus |
423.013 |
437.855 |
344.278 |
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(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
453.013 |
467.855 |
374.278 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
0.698 |
0.837 |
0.404 |
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(c) Other long term
liabilities |
1.375 |
1.640 |
1.640 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
2.073 |
2.477 |
2.044 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
37.459 |
75.753 |
43.721 |
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(c) Other current liabilities |
304.434 |
134.106 |
177.166 |
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(d) Short-term provisions |
145.924 |
107.949 |
154.956 |
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Total
Current Liabilities (4) |
487.817 |
317.808 |
375.843 |
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TOTAL |
942.903 |
788.140 |
752.165 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
72.022 |
77.578 |
85.470 |
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(ii) Intangible Assets |
0.225 |
0.300 |
0.400 |
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(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
276.366 |
224.634 |
185.000 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
30.761 |
30.761 |
27.632 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total
Non-Current Assets |
379.374 |
333.273 |
298.502 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
120.344 |
133.441 |
109.302 |
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(c) Trade receivables |
248.419 |
176.938 |
153.637 |
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(d) Cash and cash equivalents |
43.853 |
32.434 |
89.788 |
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(e) Short-term loans and
advances |
0.436 |
0.349 |
2.334 |
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(f) Other current assets |
150.477 |
111.705 |
98.602 |
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Total
Current Assets |
563.529 |
454.867 |
453.663 |
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TOTAL |
942.903 |
788.140 |
752.165 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Gross Income |
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1246.542 |
1364.256 |
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Other Income |
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NA |
NA |
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TOTAL
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NA |
NA |
NA |
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Less |
EXPENSES |
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Cost of Materials Consumed |
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Purchases of Stock-in-Trade |
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
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Employees benefits expense |
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Other expenses |
NA |
NA |
NA |
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TOTAL
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PROFIT/
(LOSS) BEFORE TAX |
NA |
184.575 |
192.996 |
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Less |
TAX |
NA |
56.131 |
64.324 |
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PROFIT/
(LOSS) AFTER TAX |
213.954 |
128.444 |
128.672 |
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Earnings
/ (Loss) Per Share (Rs.) |
71.318 |
NA |
NA |
RATING & COMMENTS
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MIRA’s Rating : |
A (62) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
No. 51/A, Phase 1, Kiadbe Industrial Area, Bommasandra, Bangalore –
560099 Karnataka, India |
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Tel. No.: |
91-80-28016666 |
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Mobile No.: |
91-9845128431 (Mr. Rajendran Joghee) 91-9686452311 (Ms. Sunita) |
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Fax No.: |
91-80-27831129 |
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E-Mail : |
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Website: |
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Corporate Office: |
No. 325 - D, Bommasandra, Jigani Link Road, Jigani, Anekal Taluk, Bangalore
– 562106, Karnataka, India |
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Factory 1 : |
205, 3rd Phase, Bommasandra Industrial Area, Bangalore –
560099, Karnataka, India |
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Factory 2 : |
184, 3rd Phase, Bommasandra Industrial Area, Bangalore –
560099, Karnataka, India |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.