MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

SHIVA GANGA POLYMERS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Supplier of HDPE (High Density Poly Ethylene) Pipes and Fittings.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         HDFC Bank

 

·         Bank of Maharashtra

Road No.4, Radha Krishna Estates, KPHB Colony, Hyderabad - 500072, Andhra Pradesh, India

 

·         Centurion Bank Limited

Sarojani Devi Road, Secunderabad - 500003, Andhra Pradesh, India

 

 

Facilities :

Secured Loans

31.03.2013

31.03.2012

 

 

(Rs. In Millions)

Long Term Borrowings

 

 

Term Loan (Bank of Maharashtra)

2.754

6.900

EMW India Financial Services (Private) Limited

0.511

0.786

 

 

 

Short Term Borrowings

 

 

Bank of Maharashtra (Over draft)

24.394

19.132

 

 

 

Total

 

27.659

26.818

 

 

 

 

Banking Relations :

 

 

 

Financial Institution :

·         Andhra Pradesh State Financial Corporation

5-9-194, Chirag Ali Lane, P.O. Box No. 165, Hyderabad - 500001, Andhra Pradesh, India

 

 

Auditors :

 

Name :

S. K. Kaparti and Company

Chartered Accountants

Address :

204, Second Floor, Azam Complex, Shivam Road, New Nallakunta, Hyderabad – 500044, Andhra Pradesh, India

Tel No.:

91-40-27420021

Fax No.:

91-40-27421837

PAN No.:

AEDTK3533P

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(AS ON 30.09.2013)

 

Name of Shareholders

 

No. of Shares

Prodduturu Venkat Ramana Reddyhttp://www.bseindia.com/include/images/clear.gif

 

106667

Gaddam Anil Kumar Reddyhttp://www.bseindia.com/include/images/clear.gif

 

100000

P. Rajani

 

201000

G. Vineela

 

112000

G. Akhila

 

95667

P. Neeraja

 

23333

L. Jaya

 

11667

P. Narsa Reddy

 

33333

P. Srujan Kumar Reddy

 

16667

G. Suresh Reddy

 

50000

L. Dinesh Reddy

 

13333

G. Narayana Reddy

 

8333

L. Malia Reddy

 

16667

L. Narsimha Reddy

 

16667

P. Pruthviraj Reddy

 

16666

N. Ravinder Reddy

 

5000

P. Harinath Reddy http://www.bseindia.com/include/images/clear.gif

 

15000

N Sheetal

 

4500

N Namruth

 

4500

N. Sudershan Reddy

 

5000

G. Laxmi

 

6000

P. Padmaja

 

5000

M. Swetha

 

5000

M Nagi Reddy

 

40000

P. Venkat Reddy

 

18000

P. Swaroopa

 

10000

P. Narotham Reddy

 

10000

P. Kanthamma

 

10000

A. Mahender Reddy

 

30000

 

 

 

Total

 

990000

 

 

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

10.000

10.000

10.000

(b) Reserves & Surplus

4.438

3.031

2.347

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

7.000

7.000

4.700

Total Shareholders’ Funds (1)+(2)

21.438

20.031

17.047

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

3.265

7.686

8.596

(b) Deferred tax liabilities (Net)

0.346

0.388

0.120

(c) Other long term liabilities

3.646

3.085

2.615

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

7.257

11.159

11.331

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

24.394

19.132

18.083

(b) Trade payables

6.024

1.344

1.754

(c) Other current liabilities

0.826

0.000

0.000

(d) Short-term provisions

7.518

6.476

6.563

Total Current Liabilities (4)

38.762

26.952

26.400

 

 

 

 

TOTAL

67.457

58.142

54.778

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

18.316

16.767

18.627

(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

4.590

3.089

0.023

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.035

0.035

0.035

Total Non-Current Assets

22.941

19.891

18.685

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

19.337

16.703

11.411

(c) Trade receivables

22.356

17.819

20.865

(d) Cash and cash equivalents

0.923

0.719

0.684

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

1.900

3.010

3.133

Total Current Assets

44.516

38.251

36.093

 

 

 

 

TOTAL

67.457

58.142

54.778

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

TOTAL                                     (A)

153.616

117.247

101.445

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

145.143

110.100

95.025

 

 

 

 

 

Less

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

8.473

7.147

6.420

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

4.438

3.490

2.652

 

 

 

 

 

 

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

4.035

3.657

3.768

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

1.997

2.158

2.323

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

2.038

1.499

1.445

 

 

 

 

 

Less

TAX                                                                  (H)

0.631

0.815

0.446

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

1.407

0.684

0.999

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.83

0.40

1.00

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (32)

 

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 DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office/ Factory :

Plot No. 166 and 177, Phase-II, IDA, Pashamylaram, Patancheru Mandal, Medak, Hyderabad – 502307, Andhra Pradesh, India

Tel. No.:

91-8455-224178

Mobile No.:

91-9849029319 (Mr. P. V. Ramana Reddy)

91-9059000900 (Mr. G. Anil Reddy)

Fax No.:

Not Available

E-Mail :

upendracs@gmail.com

pvr@shivahdpepipes.com

gakr.ed@shivahdpepipes.com

aditicorp@hotmail.com

 

 

Corporate Office :

G-2, PVR Residency, Dharmareddy Nagar Colony, Phase – II, Kukatpally, Hyderabad – 500085, Andhra Pradesh, India

Tel. No.:

91-40-40101313/ 40101314

Fax No.:

91-40-40141313

Email :

info@shivahdpepipes.com

shivahdpepipes@gmail.com

Website :

http://www.shivahdpepipes.com

 

 

NOTE:

The Registered office of the company has been shifted from 2-22, BCP Complex, Hyderanagar, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India, to the present address w.e.f. 01.02.2009.

 

 

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.