MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

STALLEN SOUTH ASIA PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

25 [Approximately] 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Animal Health Care Products.

 

 

GENERAL INFORMATION

 

No. of Employees :

25 [Approximately] 

 

 

Bankers :

The Saraswat Co-operative Bank Limited, SME Vile Parle Branch, Bholanath Co-operative Housing Society, Subhash Road, Vile Parle East, Mumbai – 400057, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Term Loans from Bank

3.308

0.000

 

 

 

Short Term Borrowings

 

 

Loans Repayable in demand

 

 

From Banks

 

 

O. D. Against F. D. (Saraswat Bank)

4.483

7.200

Saraswat Co-operative Bank Limited

12.156

11.949

 

 

 

Total

19.947

19.149

 

NOTES:

 

The Company has working capital facility with Saraswat Co-operative Bank Limited For Rs.20.000 Millions (31st March, 2012 Rs.20.000 Millions). These facilities are payable on demand, secured by a charges on present and future inventories, trade receivables and fixed deposits. The facility bears a floating rate determined based on market conditions. The Company has Overdraft Facility for Rs.4.484 Millions (31st March, 2012, Rs.7.200 Millions) which has been secured by a charge on Fixed deposits. The facilities are also secured against personal guarantees of Mr. Amit Parikh and Mrs. Jagruti Parikh, both Directors of the Company.

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Loans and advances from Related Parties

8.650

8.650

 

 

 

Total

8.650

8.650

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Tamhane and Mehta

Chartered Accountants

Address :

1, Gauresh Apartments, Old Police Line, Andheri (East), Mumbai-400069, Maharashtra, India

Tel No.:

91-22-26842158 / 26832838

PAN No:

AABFT0637K

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2013

 

Names of Shareholders

 

No. of Shares

Amit Bhupendra Parikh

135785

Amit Bhupendra Parikh HUF

1

Jagruti Amit Parikh

95760

Aniket A. Parikh

24

Fatro SPA, Italy

154380

 

 

Total

385950

 

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

38.595

38.595

38.595

(b) Reserves & Surplus

19.760

18.077

9.746

(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)

58.355

56.672

48.341

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

11.958

8.650

8.650

(b) Deferred tax liabilities (Net)

0.379

0.259

0.000

(c) Other long term liabilities

13.659

15.817

10.666

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

25.996

24.726

19.316

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

16.639

19.149

12.884

(b) Trade payables

34.127

39.405

43.840

(c) Other current liabilities

1.266

1.205

0.722

(d) Short-term provisions

5.613

2.201

5.196

Total Current Liabilities (4)

57.645

61.960

62.642

 

 

 

 

TOTAL

141.996

143.358

130.299

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

10.606

5.013

3.473

(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

0.025

0.025

0.025

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2.732

2.883

3.347

(e) Other Non-current assets

0.059

0.119

0.178

Total Non-Current Assets

13.422

8.040

7.023

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

35.856

40.908

52.685

(c) Trade receivables

65.773

64.417

49.856

(d) Cash and cash equivalents

16.388

20.323

16.116

(e) Short-term loans and advances

10.295

9.617

3.919

(f) Other current assets

0.262

0.053

0.700

Total Current Assets

128.574

135.318

123.276

 

 

 

 

TOTAL

141.996

143.358

130.299

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income [Revenue From Operations]

350.448

368.331

274.362

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

13.769

13.155

9.666

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

1.188

0.664

0.600

 

 

 

 

 

 

PROFIT BEFORE TAX

12.581

12.491

9.066

 

 

 

 

 

Less

TAX                                                                 

4.170

4.159

2.830

 

 

 

 

 

 

PROFIT AFTER TAX

8.411

8.332

6.236

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

NA

NA

2.438

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

NA

NA

 

 

Dividend

NA

NA

2.720

 

 

Tax on Dividend

NA

NA

 

 

BALANCE CARRIED TO THE B/S

NA

NA

5.954

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

FOB Basis

13.192

21.051

NA

 

 

Commission Earnings

0.648

1.214

NA

 

TOTAL EARNINGS

13.840

22.265

NA

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials & Packing Materials

11.132

4.936

NA

 

 

Traded Goods

34.825

35.972

NA

 

TOTAL IMPORTS

45.957

40.908

NA

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

21.59

16.15

 

OPERATIONS:

In the current year, the Company has managed to achieve turnover of Rs.350.448 Millions inspite of poor market conditions, showing marginal de-growth of less than 5% compare to last year. However, due to effective cost cutting measures, the company has able to achieve net profit marginally higher at Rs.8.411 Millions (previous year Rs.8.332 Millions).

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but 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 :

6th Floor, Matharu Arcade, Subhash Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India

Tel. No.:

91-22-26830275

Fax No.:

91-22-26820691

E-Mail :

stallen@vsnl.com

aniparikh@gmail.com

Website :

http://www.stallen.com

Location :

Owned

 

 

Factory :

Located At:

·         Vasai, Maharashtra, India

·         Palghar, Maharashtra, India

 

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.