MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

GANDHI AUTOMATIONS PRIVATE LIMITED (w.e.f. 24.03.2008)

 

 

Formerly Known As :

GANDHI ENTRANCE AUTOMATIONS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMG08978E

 

 

PAN No.:

[Permanent Account No.]

AACCG0522G

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

410 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacture of Rolling Shutters, Sliding Gate and Entrance Automation Systems

 

 

Exports :

 

Countries :

·         Turkey

·         Egypt

·         Hong Kong

·         Bhutan

 

 

Imports :

 

Countries :

·         Italy

·         Germany

·         USA

 

 

Terms :

 

Selling :

Cash / Cheque / Credit

 

 

Purchasing :

Cash / Cheque / Credit

 

 

GENERAL INFORMATION

 

Customers :

Others

 

 

No. of Employees :

410 (Approximately)

 

 

Bankers :

·         Citi Bank N. A. Citi Tower, Dr. S. S. Rao Road, Parel, Mumbai - 400012, Maharashtra, India

·         Bank of Maharashtra, Ghatkopar East Branch, Neelkanth Krupa, R. B. Mehta Marg, Ghatkopar (East),, Mumbai - 400077, Maharashtra, India

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

V.J. Shah and Company

Chartered Accountants

Address :

19/21, Bora Bazar Street, 1st Floor, Fort, Mumbai – 400001, Maharashtra, India

E-Mail :

AAAFV0230F

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

 

 

No. of Shares

Samir Sureshchandra Gandhi

Kartik Sureshchandra Gandhi

 

209000

Samir Sureshchandra Gandhi

Nishita Samir Gandhi

 

133000

Nishita Samir Gandhi

Samir Sureshchandra Gandhi

 

90250

Kartik Sureshchandra Gandhi

Samir Sureshchandra Gandhi

 

209000

Kartik Sureshchandra Gandhi

Hiral Kartik Gandhi

 

133000

Hiral Kartik Gandhi

Kartik Sureshchandra Gandhi

 

90250

Ansuya Sureshchandra Gandhi

Samir Sureshchandra Gandhi

Kartik Sureshchandra Gandhi

 

85500

Total

 

950000

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2013

 

Category

 

Percentage

 

 

 

Directors or relatives of directors

 

100.00

 

 

 

Total

 

100.00

 

 


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

9.500

9.500

1.000

(b) Reserves & Surplus

171.624

126.776

99.337

(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)

181.124

136.276

100.337

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

34.040

28.093

29.384

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(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)

34.040

28.093

29.384

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

94.090

90.501

77.692

(b) Trade payables

34.165

26.595

45.913

(c) Other current liabilities

50.403

37.286

47.569

(d) Short-term provisions

17.181

9.595

6.225

Total Current Liabilities (4)

195.839

163.977

177.399

 

 

 

 

TOTAL

411.003

328.346

307.120

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

126.975

112.963

101.611

(ii) Intangible Assets

0.418

0.636

0.059

(iii) Capital work-in-progress

0.000

1.446

4.948

(iv) Intangible assets under development

0.294

0.295

0.000

(b) Non-current Investments

0.000

0.013

1.895

(c) Deferred tax assets (net)

0.054

0.291

0.503

(d) Long-term Loan and Advances

46.798

4.206

3.819

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

174.539

119.850

112.835

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

127.390

95.851

87.898

(c) Trade receivables

86.199

92.468

84.727

(d) Cash and cash equivalents

10.517

6.563

8.947

(e) Short-term loans and advances

12.133

13.548

12.491

(f) Other current assets

0.225

0.066

0.222

Total Current Assets

236.464

208.496

194.285

 

 

 

 

TOTAL

411.003

328.346

307.120

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

NA

 

 

Other Income

 

 

NA

 

 

TOTAL                                    

 

 

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

 

 

NA

 

 

 

 

 

 

PROFIT BEFORE TAX              

 

 

NA

 

 

 

 

 

Less

TAX                                                                 

NA

NA

NA

 

 

 

 

 

 

PROFIT AFTER TAX

 

 

38.287

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

 

 

NA

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

 

 

NA

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Commission Received

 

 

29.324

 

 

Target Bonus Received

 

 

 

 

TOTAL EARNINGS

 

 

29.324

 

 

 

 

 

 

IMPORTS VALUE

 

 

135.828

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

 

382.87

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

1100.000

 

 

 

 

 

The above information has been parted by Mr. Joyel (Advertising Department)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

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 :

2nd Floor, Chawda Commercial Centre, Chincholi Bunder, Link Road, Malad (West), Mumbai – 400064, Maharashtra, India 

Tel. No.:

91-22-66720200/ 66720300 / 224 / 234 (200 lines)

Fax No.:

91-22-66720201

E-Mail :

sales@geapl.co.in

vlaxman@vsnl.com

jayanti@geapl.co.in

accounts@geapl.co.in

Website :

http://www.geapl.co.in

Location :

Owned

 

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.