MIRA INFORM REPORT

 

 

IDENTIFICATION DETAILS

 

Name :

FORZA MEDI (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELF01867F

 

 

PAN No.:

[Permanent Account No.]

AAACF4557G

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

80 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacture of Wheel Chair Frames and Trading of Tool Kits, Wheel Chair Frames, Medicine, Pharmaceuticals, Formulation Drugs, Health Care and Cosmetic Items.

 

 

Products :

Products Description

Item Code No.

 

Wheel Chair Components and Assembled Wheel Chairs

94021090

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         European Countries

·         UK

·         USA

 

 

Imports :

 

Products :

Raw Materials

Countries :

China

 

 

Terms :

 

Selling :

L/C and Credit

 

 

Purchasing :

L/C and Credit

 

 

 

GENERAL INFORMATION

 

Customers :

End Users

 

 

No. of Employees :

80 (Approximately)

 

 

Bankers :

·         ING Vysya Bank Limited

16, 11, R.D. Chambers, Main Arya Samaj Road, P. B. No. 2598, Karol Bagh, New Delhi – 110005, India

Contact No.: 91-11-65464636

 

 

Facilities :

Secured Loans

31.03.2013

31.03.2012

 

 

(Rs. In Millions)

Long Term Borrowings

 

 

Other Loans and Advance

5.769

1.213

 

 

 

Short Term Borrowings

 

 

Other Loans and Advances

60.831

54.798

 

 

 

Total

 

66.600

56.011

 

Unsecured Loans

 

31.03.2013

31.03.2012

 

 

(Rs. In Millions)

Short Term Borrowings

 

 

Loans and Advances from Directors

1.100

0.000

 

 

 

Total

 

1.100

0.000

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Bansal Gupta and Associates

Chartered Accountants

Address :

D-59, Chander Nagar, Ghaziabad – 201011, Uttar Pradesh, India

PAN No.:

AAEFB9451E

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(AS ON 30.09.2013)

 

Names of Shareholders

 

 

No. of Shares

 

 

 

Ashish Jain

 

715010

Reshma Jain

 

135010

 

 

 

Total

 

 

850020

 

 

 

 

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

8.500

8.500

8.500

(b) Reserves & Surplus

493.597

381.318

308.137

(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)

502.097

389.818

316.637

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

5.769

1.213

1.290

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

2.937

3.834

6.813

(d) long-term provisions

0.000

0.000

3.157

Total Non-current Liabilities (3)

8.706

5.047

11.260

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

61.931

54.798

46.911

(b) Trade payables

80.329

67.337

61.618

(c) Other current liabilities

27.625

20.775

14.919

(d) Short-term provisions

9.440

11.719

37.154

Total Current Liabilities (4)

179.325

154.629

160.602

 

 

 

 

TOTAL

690.128

549.494

488.499

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

137.983

110.819

102.308

(ii) Intangible Assets

0.044

0.062

0.080

(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

52.309

34.373

34.373

(c) Deferred tax assets (net)

3.171

3.707

4.223

(d)  Long-term Loan and Advances

2.973

28.414

54.163

(e) Other Non-current assets

0.000

2.265

0.656

Total Non-Current Assets

196.480

179.640

195.803

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

212.791

122.251

130.590

(c) Trade receivables

208.017

180.697

117.438

(d) Cash and cash equivalents

9.180

19.060

21.900

(e) Short-term loans and advances

63.660

47.846

22.768

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

493.648

369.854

292.696

 

 

 

 

TOTAL

690.128

549.494

488.499

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Income

 

956.976

741.205

 

 

Other Income

 

8.136

13.408

 

 

TOTAL                                     (A)

1188.620

965.112

754.613

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Raw Material and Components Consumed

 

457.715

369.342

 

 

(Increase)/ Decreases in Work in Progress and Finished Goods

 

(4.756)

3.254

 

 

Operating Expenses

 

117.108

116.253

 

 

Employee Benefits Expenses

 

54.874

40.770

 

 

General and Administrative Expenses

 

66.601

56.900

 

 

Selling and Marketing Expenses

 

46.426

36.834

 

 

Prior period Expenses

 

(0.206)

0.000

 

 

TOTAL                                     (B)

941.050

738.174

623.353

 

 

 

 

 

Less

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

(Including financial Expenses)

226.938

131.260

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

 

9.113

6.916

 

 

 

 

 

 

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

247.570

217.825

124.344

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

14.160

12.018

11.904

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

233.410

205.807

112.440

 

 

 

 

 

Less

TAX                                                                  (H)

76.670

68.319

(5.565)

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

156.740

137.488

118.005

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

329.560

270.130

214.400

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

426.170

329.560

332.400

 

 

 

 

 

 

EXPORT VALUE

NA

955.018

739.087

 

 

 

 

 

 

IMPORT VALUE

NA

274.921

258.692

 

 

 

 

 

 

Earnings Per Share (Rs.)

184.40

161.75

138.83

 

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

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 :

A-5, Malcha Marg, Diplomatic Enclave, New Delhi – 110021, India

Tel. No.:

91-11-26874603/ 26873041

Fax No.:

91-11-26115339

E-Mail :

fmi@forzmedi.com

forzymedi@sify.com

Website :

www.forzmedi.com

Location :

Owned

 

 

Factory :

Plot No. 166, Sector 4, IMT, Manesar, Gurgaon – 122050, Haryana , India

Tel. No.:

91-124-4365142/ 4365153/ 4365150/ 4365151

Fax No.:

91-124-4365156

 

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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.