MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
MYK LATICRETE INDIA PRIVATE LIMITED (w.e.f 21.11.2007) |
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Formerly Known
As : |
LATICRETE INDIA PRIVATE LIMITED |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDL00422C |
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PAN No.: [Permanent Account No.] |
AAACL5557E |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Not Divulged |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Tiles Adhesives and Grocits. |
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Products : |
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Exports : |
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Products : |
Finished goods |
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Terms : |
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Selling : |
L/C, Credit |
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Purchasing : |
L/C, Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
Not Divulged |
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Bankers : |
· State Bank of India, Industrial Finance Branch, Raj Bhavan Road, Somajiguda, Hyderabad - 500082, Andhra Pradesh, India · Andhra Bank, R.P. Road Branch |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
C. Ramachandram And Company Chartered Accountants |
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Address : |
3-6-237, 606, Lingapur La Building Complex, Himayathnagar,
Hyderabad-500029, Andhra Pradesh, India. |
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PAN No.: |
AABFC4266H |
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Subsidiaries : |
MUK Tools India Private Limited (w.e.f. 07.06.2011) |
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Enterprise on which key management personnel or their relative have
significant influence : |
·
MYK Schomburg India Private Limited ·
Parasakti Cement Industries Limited ·
Bemci Industries ·
Turbovent Industries Private Limited ·
Shanghai Laticreate Building Materials Company
Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
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Names of Shareholders |
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No. of Shares |
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Y. Muralidhar |
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1389200 |
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Laticreteint Inc. USA |
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1630200 |
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P. Munikrishna |
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56000 |
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Kirthikrishna Yadama |
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130000 |
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P. Sashi Krishna |
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55000 |
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Total |
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3260400 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
32.604 |
32.604 |
32.604 |
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(b) Reserves & Surplus |
264.015 |
225.600 |
158.524 |
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(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds (1) + (2) |
296.619 |
258.204 |
191.128 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
136.708 |
48.748 |
27.160 |
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(b) Deferred tax liabilities (Net) |
34.463 |
21.495 |
25.172 |
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(c) Other long term liabilities |
41.370 |
26.320 |
1.581 |
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(d) long-term provisions |
7.815 |
6.455 |
4.618 |
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Total Non-current Liabilities (3) |
220.356 |
103.018 |
58.531 |
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(4) Current Liabilities |
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(a) Short term
borrowings |
250.950 |
154.216 |
79.625 |
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(b) Trade payables |
127.437 |
73.660 |
69.698 |
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(c) Other current
liabilities |
152.895 |
108.136 |
38.622 |
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(d) Short-term provisions |
11.808 |
32.084 |
34.324 |
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Total Current Liabilities (4) |
543.090 |
368.096 |
222.269 |
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TOTAL |
1060.065 |
729.318 |
471.928 |
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II. ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
478.793 |
145.367 |
144.271 |
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(ii) Intangible Assets |
8.632 |
8.292 |
0.536 |
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(iii) Capital
work-in-progress |
2.271 |
109.411 |
0.018 |
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(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.100 |
0.100 |
0.000 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
7.603 |
5.281 |
5.648 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
497.399 |
268.451 |
150.473 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
234.898 |
154.353 |
88.926 |
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(c) Trade receivables |
235.548 |
222.096 |
170.482 |
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(d) Cash and cash
equivalents |
35.127 |
28.962 |
28.872 |
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(e) Short-term loans
and advances |
34.732 |
38.537 |
23.547 |
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(f) Other current
assets |
22.361 |
16.919 |
9.628 |
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Total Current Assets |
562.666 |
460.867 |
321.455 |
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TOTAL |
1060.065 |
729.318 |
471.928 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
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716.726 |
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Other Income |
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1.688 |
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TOTAL (A) |
971.877 |
810.435 |
718.414 |
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Less |
EXPENSES |
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Material consumed |
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229.782 |
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Merchanting goods consumed |
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15.436 |
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Central excise duty |
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92.542 |
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Salaries, Wages and Benefits |
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96.757 |
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Manufacturing expenses |
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8.234 |
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Administrative, selling and distribution expenses |
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181.486 |
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Increase / Decrease in stock |
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(14.555) |
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TOTAL (B) |
853.884 |
686.246 |
609.682 |
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Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
117.993 |
124.189 |
108.732 |
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Less |
FINANCIAL
EXPENSES (D) |
38.309 |
16.612 |
11.453 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
79.684 |
107.577 |
97.279 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
20.664 |
10.459 |
7.314 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
59.020 |
97.118 |
89.965 |
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Less |
TAX (H) |
20.605 |
30.042 |
33.072 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
38.415 |
67.076 |
56.893 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
158.524 |
101.631 |
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BALANCE CARRIED
TO THE B/S |
NA |
225.600 |
158.524 |
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EARNINGS IN
FOREIGN CURRENCY |
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Sales to Al Bigishi and Bangera Trading LLC |
NA |
0.682 |
3.660 |
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TOTAL EARNINGS |
NA |
0.682 |
3.660 |
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IMPORTS |
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Capital Goods |
NA |
23.950 |
0.000 |
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Raw Materials |
NA |
22.921 |
28.391 |
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Merchanting Goods |
NA |
0.000 |
12.680 |
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TOTAL IMPORTS |
NA |
46.871 |
41.071 |
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Earnings Per Share
(Rs.) |
11.78 |
20.57 |
17.45 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office /Corporate Office : |
8-2-703/A, Leela Gopal Tower, Road No. 12, Banjara Hills, Hyderabad –
500034, Andhra Pradesh, India |
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Tel. No.: |
91-40-30413100 |
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Fax No.: |
91-40-23378784 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
C-21, Sotanala Industrial Area, Behror-301701, Alwar District. |
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Tel. No.: |
91-8455-220119 |
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Factory 2 : |
Survey No. 314 and 316, Rudraram Village, Patancheru. |
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Tel. No.: |
91-8455-220119 |
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Fax No.: |
91-8455-220424 |
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Factory 3: |
Erode, Tamil Nadu, India |
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Regional Offices :- |
Located At:
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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.