MIRA INFORM REPORT

 

 

IDENTIFICATION DETAILS

 

Name :

TARANG ENGINEERING PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

150 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Transformer Radiator.

 

 

Products :

  • Stainless steel Radiators
  • Spray Galvanised Hot Dip Galvanised offset

 

 

Exports :

 

Products :

Finished Goods

Countries :

Hungary

 

 

Terms :

 

Selling :

Credit

 

 

Purchasing :

Credit

 

 

GENERAL INFORMATION

 

Customers :

Others

 

 

No. of Employees :

150 (Approximately)

 

 

Bankers :

·         Canara Bank, Speical SME Branch, 5-34/1, 1st Floor, Moosapet 'Y' Junction, Kukatpally, Hyderabad - 500072, Andhra Pradesh, India

·         Canara Bank, SME Branch, Mythri Towers, Prashanthi Nagar,Kukatpally, Hyderabad - 500072, Andhra Pradesh, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

From Canara Bank, Hyderabad

Term Loan

Secured against hypothecation of Book Debts and Roll forming machine, Paint booth and Shed constructed out of term loan, Personal Guarantees of Director, Corporate Guarantee of P.E.Engineers, First charge on assets of P.E.Engineers Private Limited, Hyderabad Payable in 48 EMIs of Rs. 0.142 Millions starting from June 2012

1.300

0.000

Total

1.300

0.000

 

UNSECURED LOANS

 

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Sales-tax Payable-Deferred under Package Scheme of  Incentives of Maharashtra Government

1.182

2.385

 

 

 

SHORT TERM BORROWINGS

 

 

From Directors

0.000

0.057

Total

1.182

2.442

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Khatri and Iyer

Chartered Accountants

Address :

117, Zal Complex, Residency Road, Sudar, Nagpur – 440001, Maharashtra, India

Tel. No. :

91-7125-2528551/ 2533008

E-Mail :

khatriandiyer@gmail.com

Income-tax PAN of auditor or auditor's firm :

AABFK1161F

 

 

Associates/Subsidiaries :

P.E. Engineers Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 23.09.2013

 

Names of Shareholders

 

No. of Shares

 

Rajeev Madhav Deo

 

176000

Abhay Shripad Dixit

 

253333

Rita Dixit

 

26667

Smita Asthana

 

80000

Vidya Deo

 

106667

Deo Ram and Deo

 

66667

Sharvari

 

45333

Shardul Deo

 

45333

Jitendra Palnitkar

 

80000

Total

 

880000

 

 

As on 23.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

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

8.800

8.800

8.800

(b) Reserves & Surplus

47.126

43.130

36.449

(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)

55.926

51.930

45.249

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.482

2.385

5.616

(b) Deferred tax liabilities (Net)

0.423

0.008

0.060

(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)

2.905

2.393

5.676

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.057

0.066

(b) Trade payables

43.121

69.547

33.234

(c) Other current liabilities

8.236

11.335

6.720

(d) Short-term provisions

6.058

7.762

10.261

Total Current Liabilities (4)

57.415

88.701

50.281

 

 

 

 

TOTAL

116.246

143.024

101.206

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

22.361

18.716

18.343

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.079

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.266

0.276

0.276

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

22.627

19.071

18.619

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

10.000

(b) Inventories

8.336

14.245

2.324

(c) Trade receivables

68.512

84.830

49.669

(d) Cash and cash equivalents

2.171

11.644

7.619

(e) Short-term loans and advances

14.600

13.234

12.975

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

93.619

123.953

82.587

 

 

 

 

TOTAL

116.246

143.024

101.206

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

240.228

269.671

238.491

 

 

Other Income

0.651

0.468

0.396

 

 

TOTAL                                     (A)

240.879

270.139

238.887

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of materials consumed

114.792

127.034

105.529

 

 

Employees benefit expenses

20.057

21.711

19.883

 

 

Other expenses

91.683

103.524

87.779

 

 

Prior Period Expenses

0.000

0.098

0.153

 

 

TOTAL                                     (B)

226.532

252.367

213.344

 

 

 

 

 

 

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

14.347

17.772

25.543

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

0.862

0.833

0.560

 

 

 

 

 

 

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

13.485

16.939

24.983

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

3.016

2.500

2.663

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                (G)           

10.469

14.439

22.320

 

 

 

 

 

Less

TAX                                                                  (H)

3.384

4.642

7.257

 

 

 

 

 

 

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

7.085

9.797

15.063

 

 

 

 

 

Less

INCOME-TAX FOR EARLIER YEARS

0.000

0.047

0.045

 

 

 

 

 

 

PROFIT/ (LOSS) FOR THE YEAR

7.085

9.750

15.018

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

8.05

11.08

25.54

 

 

CHANGE OF ADDRESS

 

The registered office of the company has been shifted from D-107, Emerled Amrutha Hills, Punjagatta, Hyderabad – 500082, Andhra Pradesh, India to the present address w.e.f. 01.04.2009.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

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 DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

23, IDA, Balanagar, Hyderabad -500037, Andhra Pradesh, India

Tel. No. :

91-40-44540111

Mobile No. :

91-9850385884 (Mr. Prasad)

Fax No. :

91-40-44540111

E-Mail :

ho@petarang.com

tarangeng@dataone.in

Website :

www.petarang.com

Area :

1 Acre

Location :

Owned

 

 

Factory :

A-26/5/1, MIDC Industrial Area, Butibori, Nagpur – 441122, Maharashtra, India

Tel. No. :

91-7104-265440/ 265450

Fax No. :

91-7104-265449

 

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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.