IDENTIFICATION DETAILS
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Name : |
KONGOVI ELECTRONIC PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRK04711A |
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PAN No.: [Permanent Account No.] |
AABCK0886G |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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425 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Plastic Automated Trims. |
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Exports : |
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Products : |
Plastic Automated Trims |
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Countries : |
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Imports : |
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Products : |
Injection Molding Machine |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Auto Tec Private Limited |
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Customers : |
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TG Kirloskar Private Limited ·
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Hyundai ·
Volkswagen / Skoda ·
Ford ·
TATA ·
Nissan |
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No. of Employees : |
425 (Approximately) |
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Bankers : |
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State Bank of ·
Kotak Mahindra Bank Limited |
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Facilities : |
Fund and Non-Fund = Rs.190.000 Millions
Long Term Borrowings Following term
loans from banks have been secured as under :
a.
Term loan
availed by the company from State Bank of India are secured by way of first
charge on the fixed assets of the company including land, building, plant and
machinery, other equipment’s and vehicles. b.
Car
loan availed by the company from Kotak Mahindra Prime Limited are secured by
way of first charges on cars. Short Term Borrowings Working capital
loan availed are secured by way of
floating charges on the current assets of the company including inventories
and book debts, further the above loans are also secured by the guarantee
given by the director.
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R. Ashokkumar Prabhashankar and Company Chartered Accountants |
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Address : |
No.73, |
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Tel. No.: |
91-80-23537488 |
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Fax No.: |
91-80-23639950 |
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E-Mail : |
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PAN No.: |
AAAFK9286G |
MAJOR SHAREHOLDERS
AS ON 23.05.2013
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Names of Shareholders |
No. of Shares |
% of Holding |
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Shrinivas Kongovi |
172334 |
42.09 |
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Kongovi Dhruv Rao |
176676 |
43.15 |
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Gayathri Kongovi |
60438 |
14.76 |
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Total |
409448 |
100.00 |
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 |
40.945 |
40.945 |
40.945 |
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(b) Reserves & Surplus |
52.484 |
35.592 |
28.717 |
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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) |
93.429 |
76.537 |
69.662 |
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(3) Non-Current
Liabilities |
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(a) Long-term borrowings |
86.469 |
49.570 |
12.803 |
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(b) Deferred tax liabilities (Net) |
2.769 |
0.415 |
0.000 |
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(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
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(d) Long-term
provisions |
14.127 |
11.697 |
9.430 |
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Total Non-current
Liabilities (3) |
103.365 |
61.682 |
22.233 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
52.942 |
31.861 |
33.766 |
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(b)
Trade payables |
24.983 |
30.807 |
34.091 |
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(c)
Other current liabilities |
7.681 |
5.737 |
4.700 |
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(d) Short-term
provisions |
0.000 |
3.998 |
0.000 |
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Total Current
Liabilities (4) |
85.606 |
72.403 |
72.557 |
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TOTAL |
282.400 |
210.622 |
164.452 |
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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 |
133.211 |
98.480 |
76.669 |
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(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
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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 |
0.000 |
0.000 |
0.000 |
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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 |
7.544 |
10.863 |
11.498 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
140.755 |
109.343 |
88.167 |
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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 |
63.431 |
38.935 |
35.255 |
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(c)
Trade receivables |
68.422 |
48.583 |
30.389 |
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(d) Cash
and cash equivalents |
0.832 |
4.239 |
3.314 |
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(e) Short-term
loans and advances |
7.460 |
8.077 |
5.773 |
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(f)
Other current assets |
1.500 |
1.445 |
1.554 |
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Total
Current Assets |
141.645 |
101.279 |
76.285 |
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TOTAL |
282.400 |
210.622 |
164.452 |
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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Income |
389.781 |
264.650 |
NA |
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Other Income |
11.559 |
19.361 |
NA |
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TOTAL |
401.340 |
284.011 |
NA |
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Less |
TOTAL EXPENSES |
376.053 |
275.576 |
NA |
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PROFIT/ (LOSS)
BEFORE TAX |
25.287 |
11.435 |
(6.181) |
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Less |
TAX |
8.229 |
4.413 |
0.000 |
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PROFIT/ (LOSS)
AFTER TAX |
17.058 |
7.022 |
(6.181) |
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Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(13.338) |
(20.360) |
(30.951) |
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DEPRECIATION
ADJUSTED |
0.000 |
0.000 |
16.772 |
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BALANCE CARRIED
TO THE B/S |
3.700 |
(13.338) |
(20.360) |
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Earnings/ (Loss)
Per Share (Rs.) |
41.66 |
NA |
NA |
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Particulars |
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31.03.2014 |
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Sales Turnover (Approximately) |
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550.000 |
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The above information has been parted by Mr. Ramesh Reddy (Finance
Department).
OPERATIONS:
The shift to four wheeler segment of plating on plastic has not only put
us on high growth trajectory but has also put in the global automotive arena
ensuring longer term growth. The company is preferred supplier to OEM’s like
Toyata, Hyundai, Volkswagen and others. The efforts of past have started
yielding encouraging results reflected in growing sales amidst not so good
economic environment. The company has achieved a sales of Rs.401.430 Millions
during 2012-2013 as compared to a sales of Rs.284.011 Millions in previous
year, recording a growth of 41.34%. Similarly the EBDITA has improved has
improved from Rs.34.654 Millions during the previous year to Rs.54.818 Millions
during the current year. Substantial investment were made during the last three
years to augment the capacities. The 2012-13 capacity expansion being implemented
and commissioned successfully is now under optimization phase. During the year
they have added new customers viz Volkswagen – Argentina and Volkswagen –
Brazil. Apart from broadening the customer base, the company is successfully
putting efforts in deepening ties with the existing customer like Toyota,
Hyundai, Volkswagen resulting in substantially increased sales from them.
There are firm indications of substantial increase on off-take from
Toyota, Hyundai India, Volkswagen, Ford, Nissan. The said increase will come
from additional programmes launched in domestic market as well as from the
increased export focus. The plans of our OME’s to make India an export hub for
cars and auto parts will further cement our export efforts. The supply to
Volkswagen – Argentina and Brazil will begin during 2013-14 and take a
substantial jump by 2014-15, typically, a programmes runs for 4-6 years at full
volume and if, the company performs to the satisfaction of the customers then
the company gets nominated for the next programme, as has been the case in the
past. With this the company’s future appears very reassuring.
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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/ Factory 1 : |
377, IV Phase, Peenya Industrial Area, Bangalore – 560 058, Karnataka,
India |
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Tel. No.: |
91-80-28360563 |
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Mobile No.: |
91-8861003714 (Mr. Nagendra Kumar) |
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Fax No.: |
91-80-28362981 |
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E-Mail : |
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Website : |
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Area : |
1 Acre |
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Location : |
Owned |
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Factory 2 : |
53/A, 3rd Phase, Peenya Industrial Area, Bangalore – 560
058, Karnataka, India |
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Factory 3 : |
30/C, 2nd Phase, Peenya Industrial Area, Bangalore – 560
058, 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.