MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

SWAN ENVIRONMENTAL PRIVATE LIMITED (w.e.f. 15.05.1992)

 

 

Formerly Known As :

ORBIT ELECTRONICS AND CONTROLS PRIVATE LIMITED 

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

HYD502155G

 

 

PAN No.:

[Permanent Account No.]

AADCS4126R

 

 

Legal Form :

Private Limited Liability Company.

 

 

No. of Employees :

Not Available

 

 

BUSINESS DETAILS

 

Line of Business :

Dealer in Electronic Pollution Control and Monitoring Equipments.

 

 

Terms :

 

Selling :

Cash, Cheque and Credit

 

 

Purchasing :

Cash, Cheque and Credit

 

 

GENERAL INFORMATION

 

Customers :

·         Aditya Birla Limited

·         Dr. Reddy’s

·         Ranbaxy

·         Ambuja Cement Limited

·         Vizag Steel

·         TATA

·         SAIL

·         Bharat Petroleum

·         ONGS

·         Aurobindo

·         Indian Oil

·         CAIRN

·         Coca-Cola India

·         Nestle

·         Hindustan Petroleum

·         NMDC Limited

·         Reliance Industries Limited

 

 

No. of Employees :

Not Available

 

 

Bankers :

·         State Bank of India

Balanagar Branch, Balanagar, Hyderabad, Andhra Pradesh - 500037, India

 

 

Facilities :

Secured Loans

31.03.2013

31.03.2012

 

 

(Rs. In Millions)

Long Term Borrowings

 

 

Loans from Banks

6.632

7.605

Loans from Others

0.107

0.277

(The above loans were secured by hypothecation of vehicle) 

 

 

 

 

 

Short Term Borrowings

 

 

Loans repayable on demand

 

 

From Banks

(Stand by Line of Credit from SBI)

0.000

7.531

Cash Credit account from SBI

(The above loan amount was secured by stock, debtors and Other Current Assets)

31.285

26.260

 

 

 

Total

 

38.024

41.673

 

Unsecured Loans

31.03.2013

31.03.2012

 

 

(Rs. In Millions)

Long Term Borrowings

 

 

Loans from Others

5.078

8.708

 

 

 

Short Term Borrowings

 

 

Loans and Advances from Related Parties

2.200

0.000

Loans and Advances from others

0.450

1.550

 

 

 

Total

 

7.728

10.258

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Umamaheswara Rao and Company

Chartered Accountants

Address :

Flat No. 5-H, D Block, 8-3-324, Krishna Apartments, Yellareddyguda Lane, Ameerpet, Hyderabad – 500073, Andhra Pradesh, India

Tel No.:

91-40-23751833/ 23751823

PAN No.:

AAAFU4353L

Email :

ucohyd@umrcas.com

 

 

Related Parties :

·         Startech Labs Private Limited

CIN No.: U24114AP2001PTC037760

 

·         Swan Realtime Network Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(AS ON 28.09.2013)

 

Names of Shareholders

 

 

No. of Shares

 

 

 

Chadalavada  Vijay Kumar

 

33560

Chadalavada  Geeta

 

45320

Chadalavada  Yasoda

 

5350

A.V. Tulasi

 

5000

V D Gurunadh

 

4970

A Naryana Rao

 

4000

Chadalavada  Vijay Kumar – HUF

 

1890

 

 

 

Total

 

 

100090

 

 

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

10.009

10.009

10.009

(b) Reserves & Surplus

59.161

42.606

27.004

(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)

69.170

52.615

37.013

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

11.817

16.590

13.221

(b) Deferred tax liabilities (Net)

1.323

1.106

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)

13.140

17.696

13.221

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

33.935

35.340

25.132

(b) Trade payables

43.070

35.951

24.577

(c) Other current liabilities

7.627

12.123

8.534

(d) Short-term provisions

16.099

8.790

19.414

Total Current Liabilities (4)

100.731

92.204

77.657

 

 

 

 

TOTAL

183.041

162.515

127.891

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

42.207

42.243

38.121

(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

10.394

12.445

13.130

(c) Deferred tax assets (net)

0.000

0.000

0.437

(d)  Long-term Loan and Advances

8.097

8.008

6.384

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

60.698

62.696

58.072

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

32.332

13.910

13.345

(c) Trade receivables

70.247

59.521

49.163

(d) Cash and cash equivalents

11.493

10.049

2.500

(e) Short-term loans and advances

4.807

14.823

4.656

(f) Other current assets

3.464

1.516

0.155

Total Current Assets

122.343

99.819

69.819

 

 

 

 

TOTAL

183.041

162.515

127.891

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Sales and Other Income

433.398

315.992

191.770

 

 

TOTAL                                    

433.398

315.992

191.770

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

403.540

288.491

175.425

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

29.858

27.501

16.345

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

4.508

4.137

6.428

 

 

 

 

 

 

PROFIT BEFORE TAX

25.350

23.364

9.917

 

 

 

 

 

Less

TAX                                                                 

8.795

7.763

3.361

 

 

 

 

 

 

PROFIT AFTER TAX                            

16.555

15.601

6.556

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Commission Income

75.384

56.910

NA

 

TOTAL EARNINGS

75.384

56.910

NA

 

 

 

 

 

 

Earnings Per Share (Rs.)

165.40

155.87

NA

 

 

FINANCIAL PERFORMANCE

 

During the year the company's turnover is increased from Rs.315.992 Millions during the year 2011-12 to Rs.433.390 Millions during the year 2012 13. The Net profit after tax is increased from Rs.15.601 Millions during the year 2011-12 to Rs.16.555 Millions during the year 2012-13.

 

The company marched ahead during the year, creating value and laying a strong foundation for the future years. Considerable improvements were made in the business architecture. Going forward, the company would see visible benefits especially in its marketing and product strengths.

 

 

OPERATIONAL PERFORMANCE

 

The Company is involved in the business of marketing very highly sensitive, sophisticated, and result oriented products in the field of Environmental pollution monitoring. The company's operations have been very encouraging during the year and have recorded good growth in the turnover and also in the income.

 

The company has been very successful in marketing these products, which are result of research carried on by various multinational companies located in the United States of America, Singapore and other parts of the world. The company markets these research products, which are also updated from time to time by the various suppliers who are the world leaders in supplying the Environmental pollution. The company has expanded into many active fields like Pharma, Biotechnology, Food, Water and Agriculture by introducing latest instruments to meet the international quality standards.

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (36)

 

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 :

Plot No. 922 and 935, Swami Ayyappa Co-Operative Society, Madhapur, Hyderabad – 500081, Andhra Pradesh, India

Tel. No.:

91-40-40216184/ 85

Fax No.:

91-40-40216183

E-Mail :

accounts@swaneviron.com

info@swanenviron.com

Website :

http://www.swanenviron.com

 

 

Branches :

Located at:

 

·         Delhi

·         Lucknow

·         Chandigarh

·         Mumbai

·         Baroda

·         Ahmedabad

·         Bangalore

·         Chennai

·         Kolkata

 

 

NOTE:

 

The Registered office of the company has been shifted from 3rd Floor, SRM Chambers, H. No. 1-58/7, Opposite St. Ann’s Jr. Collage, Madinaguda, Serilingampoaly, Hyderabad-500050, Andhra Pradesh, India to present address w.e.f. 01.12.2008.

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.