MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

REINFORCED EARTH INDIA PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELR05634G

 

 

PAN No.:

[Permanent Account No.]

AAACR7414A

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

The Subject is engaged in contract activities related to soil (earth) reinforcement techniques.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Not Divulged

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Vishwanath Singh and Associates

Chartered Accountants

Address :

Flat 1109, New Delhi House, 11th Floor, 27 Barakhamba Road, New Delhi – 110001, India

 

 

Associate Company :

·         Freyssinet Menard India Private Limited

·         Vinci Construction

·         Soletanche Freyssinet S.A.

·         Nuvia India Private Limited

·         Reinforced Earth PTY, Australia

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2011

 

Names of Shareholders

No. of Shares

%age

Velizy Participation, France

145

0.10

Terre Armee Internationale, France

149855

99.90

 

 

 

Total

150000

100.00

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2011

31.03.2010

31.03.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

1.500

1.500

1.500

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

181.876

124.565

92.872

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

183.376

126.065

94.372

LOAN FUNDS

 

 

 

1] Secured Loans

0.000

0.000

0.000

2] Unsecured Loans

0.000

0.000

0.000

TOTAL BORROWING

0.000

0.000

0.000

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

183.376

126.065

94.372

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

79.275

54.036

67.877

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.100

0.100

0.000

DEFERREX TAX ASSETS

18.072

11.619

0.701

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
84.609

122.185

80.682

 

Sundry Debtors
320.315

189.686

209.817

 

Cash & Bank Balances
75.793

91.258

82.159

 

Other Current Assets
84.029

89.124

60.976

 

Loans & Advances
82.103

31.919

24.632

Total Current Assets
646.849

524.172

458.266

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
110.386

136.101

150.761

 

Other Current Liabilities
351.831

283.178

260.060

 

Provisions
98.703

44.583

21.651

Total Current Liabilities
560.920

463.862

432.472

Net Current Assets
85.929

60.310

25.794

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

183.376

126.065

94.372

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2011

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

Income

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

680.534

666.072

490.518

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

590.176

615.752

467.508

 

 

 

 

 

 

PROFIT BEFORE TAX

90.358

50.320

23.010

 

 

 

 

 

Less

TAX                                                                 

33.046

18.628

8.418

 

 

 

 

 

 

PROFIT AFTER TAX

57.312

31.692

14.592

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

66.055

34.363

20.068

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

123.367

66.055

34.363

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Contract materials

88.239

118.996

65.366

 

 

Capital Goods

0.374

0.543

0.513

 

TOTAL IMPORTS

88.613

119.539

65.879

 

 

 

 

 

 

Earnings Per Share (Rs.)

382.08

211.28

97.28

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (26)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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-13/B-1 Extension, Mohan Co-Operative Industrial Estate, Mathura Road, Badarpur, New Delhi – 110044, India

Tel. No.:

91-11-40538630-31

Fax No.:

91-11-40538632

E-Mail :

vsasso@vsnl.com

 

 

Regional Offices :

Located at:

·         Mumbai 

·         Bangalore

·         Kolkata

 

 

NOTE:

 

The registered address of the company has been shifted from A-8, Mohan Co-Operative Industrial Estate, New Delhi, India to the present address w.e.f. 29.11.2007

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.