MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

CLAIR ENGINEERS PRIVATE LIMITED

 

 

Formerly Known As :

KK House, Plot No. B-35/1, Lane Adj. to Andhra Bank, Industrial Estate, Sanath Nagar, Hyderabad – 500 018, Andhra Pradesh

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

HYDC02399F

 

 

PAN No.:

[Permanent Account No.]

AACCC6014D

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

75 (Approximately)

 

RATING & COMMENTS

 

MIRA’s Rating :

B (31)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 :

KK House, Plot No. B-35/1, Lane Adj. to Andhra Bank, Industrial Estate, Sanath Nagar, Hyderabad – 500 018, Andhra Pradesh, India 

Tel. No.:

91-40-23813722/ 33/ 44

Fax No.:

91-40-23813755

E-Mail :

clair@clair.in

srikanth@clair.in

Website :

http://www.clair.in

Location :

Rented

 

 

Factory:

93/1, CIE – Expansion Programme Gandhinagar, Balanagar, Hyderabad, Andhra Pradesh, India 

 

NOTE

 

The Registered Office of the company has been shifted from 207, Amrutha Ville, Somajiguda, Hyderabad, Andhra Pradesh, India to the present address w.e.f. 01.10.2012.

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Air Pollution Control Equipment.

 

 

Products :

  • Electrostatic Precipitator
  • Reverse Air Bag House
  • Pulse Jet Bag Filters
  • Industrial Fans
  • Heat Exchangers
  • Gas Conditioning Systems
  • Retrofitting

 

 

Exports :

 

Products :
  • Finished goods

Countries :
  • Africa

 

 

Imports :

 

Products :
  • Raw material

Countries :
  • USA

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

OPERATIONS

 

The company has achieved good results even during this year as was done in the previous year of its operations. The company has completed the export orders received during the last year.

 

Further the company has also been successful in the Domestic Market and has already received substantial orders and also major orders are in the pipe line.

 

The order book position is very encouraging and the Directors are confident that the company will achieve very good results during the ensuing year also.

 

 

GENERAL INFORMATION

 

Customers :

OEM’s

 

Overseas

 

  • National Cement Share Company – Ethiopia
  • National Cement Limited, (Kenya)
  • Atbara Cements, Sudan
  • Fortia Cements S.A, Togo, West Africa
  • Qassim Cements, Saudi Arabia
  • Lafarge Surma Cements Limited, Bangladesh

 

Domestics

 

  • Andhra Cements Limited
  • Sarda Energy and Minerals Limited
  • Pioneer Syntex Limited
  • SV Sugar Mills Limited
  • Sri Chakra Cements Limited
  • LNV Technologies Private Limited
  • Sri Jaya Jyothi Cements
  • Enexco Teknologies India L Limited
  • EID Parry (INDIA) Limited
  • Rain Commodities Limited
  • Anjani Portland Cement Limited
  • Pearl Distillery Limited
  • Nagarjuna Cements Limited
  • Encore Cement and Additives Private Limited

 

 

No. of Employees :

75 (Approximately)

 

 

Bankers :

State Bank of India, Commercial Branch, Ashok My Home Chambers, SP Road, Secunderabad Andhra Pradesh

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

Long term Borrowings

 

 

Term loans from banks

1.529

0.619

Term loans from others – APSFC

59.820

39.367

 

 

 

Short term borrowings

 

 

Cash Credit from SBI

41.178

34.418

working capital demand loan Car Loans

1.329

0.314

 

 

 

TOTAL

103.856

74.718

 

 

 

Unsecured Loan

As on

31.03.2013

As on

31.03.2012

Short term borrowings

 

 

Loans repayable on demand From SBI

10.000

0.000

 

 

 

TOTAL

10.000

0.000

 

 

 

Banking Relations :

--

 

 

Finance Institutions:

AP State Financial Corporation, 3-4-21,Besides UCO Bank, Main PWD Road, Sangareddy - 502001, Andhra Pradesh, India

 

 

Auditors :

 

Name :

Sudhakar and Kumar Associates

Chartered Accountants

Address :

#602, Kanchanjunga, Aditya Enclave, Hyderabad – 500038, Andhra Pradesh, India

PAN No.:

AAIFS2649P

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON: 30.09.2013

 

Names of Shareholders

No. of Shares

Sainath Koneru

3440000

Srinivasa Rao Kollu

400

Srikanth Koneru

400

TOTAL

3440800

 

AS ON: 30.09.2013

 

Equity Share Break up (Percentage of Total Equity)

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

34.408

34.408

24.408

(b) Reserves & Surplus

46.386

47.130

39.010

(c) Money received against share warrants

15.592

11.550

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

10.000

Total Shareholders’ Funds (1) + (2)

96.386

93.088

73.418

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

61.349

39.986

0.000

(b) Deferred tax liabilities (Net)

6.318

0.945

0.985

(c) Other long term liabilities

0.000

15.609

10.910

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

67.667

56.540

11.895

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

52.507

34.732

32.586

(b) Trade payables

85.078

37.384

46.808

(c) Other current liabilities

36.090

41.357

42.776

(d) Short-term provisions

1.090

3.733

4.321

Total Current Liabilities (4)

174.765

117.206

126.491

 

 

 

 

TOTAL

338.818

266.834

211.804

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

130.971

16.876

17.136

(ii) Intangible Assets

15.519

1.206

1.522

(iii) Capital work-in-progress

0.000

73.194

28.606

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.400

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

4.724

8.774

17.000

(e) Other Non-current assets

7.376

7.084

8.113

Total Non-Current Assets

158.590

107.134

72.777

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

64.749

56.902

42.388

(c) Trade receivables

95.944

66.376

70.846

(d) Cash and cash equivalents

12.940

21.965

19.383

(e) Short-term loans and advances

1.990

8.157

2.577

(f) Other current assets

4.605

6.300

3.833

Total Current Assets

180.228

159.700

139.027

 

 

 

 

TOTAL

338.818

266.834

211.804

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

248.848

223.289

294.021

 

 

Other Income

3.081

5.370

4.365

 

 

TOTAL                                     (A)

251.929

228.659

298.386

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Materials Consumed

151.388

143.763

181.060

 

 

Changes in Inventory

(8.056)

(8.466)

(4.268)

 

 

Employee benefits expense

28.411

25.469

24.290

 

 

Other expenses

53.241

45.888

74.550

 

 

TOTAL                                     (B)

81.652

71.357

98.84

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

26.945

22.005

22.754

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

14.239

8.681

8.706

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

12.706

13.324

14.048

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

6.987

1.513

1.429

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

5.719

11.811

12.619

 

 

 

 

 

Less

TAX                                                                  (H)

6.462

3.691

4.432

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX (G-H)                  (I)

(0.743)

8.120

8.187

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

38.850

31.542

24.174

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

0.000

0.812

0.819

 

BALANCE CARRIED TO THE B/S

38.107

38.850

31.542

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

1.120

14.750

45.645

 

 

 

 

 

 

Earnings Per Share (Rs.)

(0.21)

2.36

NA

 

 

 

 

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.