MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

VENDING UPDATES (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELV05221G / DELV02695A

 

 

PAN No.:

[Permanent Account No.]

AAACV9306R

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

70 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Amazon Instant Tea and Coffee premixes for vending machines, Atlantis hot beverage vending machines.

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Singapore

·         Dubai

·         Nepal

·         Middle East

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Customers :

End Users

 

 

No. of Employees :

70 (Approximately)

 

 

Bankers :

v  HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India

 

v  Bank of India, C.G.O. Complex Branch, Electronics Niketan Building, 6 Lodhi Road, New Delhi - 110003, India

 

v  ABN Amro Bank

v  ICICI Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Overdraft facility

HDFC Bank

(Against debtors and stock of the company)

24.360

23.591

 

 

 

Total

 

24.360

23.591

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG-TERM BORROWINGS

 

 

Bank Loans

ABN Amro Bank

0.000

0.267

HDFC Bank Loan – 001

0.127

1.399

HDFC Bank Loan – 002

0.000

0.257

ICICI Car Loan

1.047

0.000

Loans and advances from related parties

From Sahul Khurana

3.584

3.911

 

 

 

Total

 

4.758

5.834

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Sunil Vijay and Associates

Chartered Accountants

Address :

R-700, New Rajinder Nagar, New Delhi – 110060, India

Tel. No.:

91-11-28743579

Fax No.:

91-11-28743577

E-Mail :

sunilvijay22@rediffmail.com

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

AAIFS6442A

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 28.09.2013

 

Names of Shareholders

No. of Shares

 

Percentage of Holding

 

Sahul Khurana

457900

91.58

Shobha Khurana

42100

8.42

 

 

 

Total

 

500000

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

5.000

5.000

5.000

(b) Reserves & Surplus

5.461

3.787

1.613

(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)

10.461

8.787

6.613

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

4.758

5.834

2.477

(b) Deferred tax liabilities (Net)

0.000

0.000

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)

4.758

5.834

2.477

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

24.360

23.591

22.292

(b) Trade payables

12.027

14.777

9.728

(c) Other current liabilities

3.916

2.190

3.835

(d) Short-term provisions

1.047

1.011

0.763

Total Current Liabilities (4)

41.350

41.569

36.618

 

 

 

 

TOTAL

56.569

56.190

45.708

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

10.777

10.223

10.648

(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

0.100

0.100

0.100

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.273

0.375

0.354

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

11.150

10.698

11.102

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

8.047

8.888

6.443

(c) Trade receivables

34.462

34.765

26.008

(d) Cash and cash equivalents

0.412

0.382

0.090

(e) Short-term loans and advances

2.497

1.419

2.026

(f) Other current assets

0.001

0.038

0.039

Total Current Assets

45.419

45.492

34.606

 

 

 

 

TOTAL

56.569

56.190

45.708

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

219.305

157.649

 

 

Other Income

 

0.000

0.000

 

 

TOTAL                                     (A)

238.625

219.305

157.649

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of material consumed

 

184.952

133.094

 

 

Employee benefit Expenses

 

4.914

4.604

 

 

Other Expenses

 

20.761

12.745

 

 

TOTAL                                     (B)

234.348

210.627

150.443

 

 

 

 

 

Less

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

(Including Financial Expenses )

8.678

7.206

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

 

3.928

3.382

 

 

 

 

 

 

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

4.277

4.750

3.824

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

1.556

1.565

1.619

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

2.721

3.185

2.205

 

 

 

 

 

Less

TAX                                                                  (H)

1.047

1.011

0.763

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

1.674

2.174

1.442

 

 

 

 

 

 

Earnings Per Share (Rs.)

3.35

4.35

2.88

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

300.000

 

 

 

 

 

 

The above information has been parted by Mr. Sanjay Chopra ((Business Development Manager)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

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 DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

Basement, C-188, C-Block, Jawahar Park, Devli Road, Khanpur, New Delhi – 110062, India

Tel. No.:

Not Available

Mobile No.:

91-9999991912 (Mr. Sanjay Chopra)

Fax No.:

Not Available

E-Mail :

pavantmr1@gmail.com

info@vendingupdates.com

Website :

http://www.vendingupdates.com

 

 

Factory :

B-23, Sector 88, Phase - II, Noida – 201305, Uttar Pradesh, India

Tel. No.:

91-120-6483902/ 3/ 7

Fax No.:

91-120-3914920

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the company has been shifted from 322, NEB Sarai, New Delhi – 110068, India to the present address w.e.f. 12.09.2013.

 

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.