MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

PIONEER POLYLEATHERS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AADCP6436B

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of PVC Flex and PVC Foam Board.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         State Bank of India, Commercial Branch, Connaught Circus, M-47, Connaught Circus, New Delhi – 110001, Delhi, India

·         Canara Bank, C-3, Sector-1, Noida – 201301, Uttar Pradesh, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Rupee Term Loans from Banks

324.820

281.282

Rupee Term Loans from Banks

1.061

2.073

 

 

 

Total

325.881

283.355

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Other Loans and Advances

181.450

180.105

Short Term Borrowings

 

 

Other Loans and Advances

191.237

587.507

 

 

 

Total

372.687

767.612

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Ajay Aggarwal and Company

Chartered Accountants

Address :

1/42, Lalita Park Laxmi Nagar, India

PAN No.:

ACFPA9801N

 

 

Associate :

·         Mahan Plastics Private Limited

·         Micro Industrial Corporation

·         Kapoor Luminaires Private Limited

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2013

 

Names of Shareholders

 

No. of Shares

Monica Kapur

3346099

Jayachandran R. K.

635

Vijai Kapur (HUF)

609167

Vijai Kapur

3410765

K. K. Kapur

269167

Raj Kumar Gupta

3602586

Nand Kishore Agarwal

399500

Hari Kishan Agarwal

515667

Anil Kumar Agarwal

257833

Mange Ram Agarwal

412250

Asha Devi

1507333

Naresh Agarwal

257833

Usha Devi

257833

Varun Agarwal

257833

Vishesh Agarwal

257833

Subhash Agarwal

257833

Amit Agarwal

257833

Sushma Agarwal

257833

Pioneer Footwear Private Limited

864167

 

 

Total

17000000

 


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

170.000

120.000

90.000

(b) Reserves & Surplus

520.122

259.702

117.807

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Deferred Government Grants

33.877

38.121

0.000

Total Shareholders’ Funds (1) + (2)

723.999

417.823

207.807

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

507.331

463.460

306.380

(b) Deferred tax liabilities (Net)

44.552

41.992

15.480

(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)

551.883

505.452

321.860

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

191.237

587.507

134.313

(b) Trade payables

249.513

290.539

249.658

(c) Other current liabilities

39.000

221.402

24.144

(d) Short-term provisions

62.811

30.018

23.089

Total Current Liabilities (4)

542.561

1129.466

431.204

 

 

 

 

TOTAL

1818.443

2052.741

960.871

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

888.987

895.331

437.543

(ii) Intangible Assets

0.000

0.142

0.284

(iii) Capital work-in-progress

30.667

0.000

18.422

(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

14.897

13.897

10.061

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

934.551

909.370

466.310

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

250.618

252.757

172.929

(c) Trade receivables

413.814

689.416

173.569

(d) Cash and cash equivalents

34.285

71.033

60.584

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

185.175

130.165

87.479

Total Current Assets

883.892

1143.371

494.561

 

 

 

 

TOTAL

1818.443

2052.741

960.871

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

3037.480

2429.330

1606.245

 

 

Other Income

4.251

1.442

1.444

 

 

TOTAL                                    

3041.731

2430.772

1607.689

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

TOTAL                                    

2728.751

2265.001

1463.754

 

 

 

 

 

 

PROFIT BEFORE TAX

312.980

165.771

153.745

 

 

 

 

 

Less

TAX                                                                 

62.810

42.351

48.588

 

 

 

 

 

 

PROFIT AFTER TAX

250.170

123.420

105.157

 

 

 

 

 

 

Earnings Per Share (Rs.)

14.72

10.29

8.76

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

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 :

Plot No. 5732, Block – A, Street No.81, Regharpura, Karol Bagh, New Delhi – 110005, India

Tel. No.:

Not Available

Mobile No.:

91-8588804209 (Mr. Aman Kumar)

Fax No.:

Not Available

E-Mail :

jay@pioneerflex.in

aman@pioneerflex.in

Website :

http://www.pioneerflex.in

 

 

Corporate Office:

B-46, Hosiery Complex Phase – II, Noida – 201305, New Delhi, India

Tel. No.:

91-120-4111113 / 14

Fax No.:

91-120-2461148

E-Mail :

sales@pioneerflex.in

export@pioneerflex.in

Area :

250 Sq. ft.

Location :

Rented

 

 

Factory :

Sector-4, Plot No. 74 and 76, Integrated Industrial Estate, Pantnagar, Rudrapur, Udam Sing Nagar - 263153, Uttarakhand, India

 

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.