MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

PARAMOUNT LIMITED  (w.e.f 26.10.1988)

 

 

Formerly Known As :

PARAMOUNT POLLUTION CONTROL LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BRDP00998E

 

 

PAN No.:

[Permanent Account No.]

AABCP6509P

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Information declined by management

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Supplier of Water Treatment Plants.

 

 

Products :

Industrial Scrubber

·         Gas Scrubber

·         Dust Scrubber

·         Air Scrubber

·         Wet Scrubber

·         Fume Scrubber

 

Water Treatment Plant

·         Wastewater Treatment Plant

·         Sewage Treatment Plants

·         Reverse Osmosis System

·         Pressure Sand Filter

·         Api Oil Separators

·         Magnetic Drum Separator

           

Waste Treatment Plant

·         Solid Waste Clarifier

·         Cage Driven Thickener

·         Dissolved Air Flotation

·         Sludge Thickener

·         Waste Incinerator

GENERAL INFORMATION

 

No. of Employees :

Information declined by management

 

 

Bankers :

Indian Overseas Bank – Mehta Pole Branch, Bank Road, Near Mandvi, Vadodara – 390006, Gujarat, India

 

 

Facilities :

Secured Loan

31.03.2011

(Rs. In Millions)

31.03.2010

(Rs. in Millions)

Working capital loans banks secured

193.740

95.265

 

 

 

Total

193.740

95.265

 

 

Particular

31.03.2011

(Rs. In Millions)

31.03.2010

(Rs. In Millions)

Loans directors unsecured

47.019

46.835

Loans taken for vehicles unsecured

3.347

4.229

Other debt unsecured

4.201

0.873

 

 

 

Total

54.567

51.937

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

V. Parekh and Associates

Chartered Accountant

Address :

37, Hanuman Street, Fort, Mumbai – 400001, Maharashtra, India

Tel. No.:

91-22-2650264/2653555/2666219

Fax No.:

91-22-2654370

PAN No.:

AAAFV0135F

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2013

 

Names of Shareholders

 

No. of Shares

Kewal G. Tuli

621100

Samir K. Tuli

420800

Kailas K. Tuli

132000

Dr. Nita Y. Mehta

34000

Dr. Yatin I Mehta

1050

Shivani Samir Tuli

1050

Tuli Patel Investment Private Limited, India

290000

Total

1500000

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2011

31.03.2010

31.03.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

15.000

15.000

15.000

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

244.248

185.057

162.697

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

259.248

200.057

177.697

LOAN FUNDS

 

 

 

1] Secured Loans

193.740

95.265

92.527

2] Unsecured Loans

54.567

51.937

47.597

TOTAL BORROWING

248.307

147.202

140.124

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

507.555

347.259

317.821

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

87.109

79.000

76.626

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

19.330

19.285

2.547

DEFERRED TAX ASSETS

(7.544)

(6.593)

(5.231)

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
34.639
28.962

11.844

 

Sundry Debtors
578.271
192.606

252.999

 

Cash & Bank Balances
196.696
93.032

40.663

 

Other Current Assets
0.000
0.000

0.000

 

Loans & Advances
125.306
80.207

67.740

Total Current Assets
934.912

394.807

373.246

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditor
392.190
80.546
91.051

 

Other Current Liabilities
93.847
34.438
25.360

 

Provisions
40.215
24.256
12.956

Total Current Liabilities
526.252

139.240

129.367

Net Current Assets
408.660

255.567

243.879

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

507.555

347.259

317.821

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2011

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

Income

1148.193

404.816

407.640

 

 

Other Income

4.969

8.004

7.025

 

 

TOTAL                                     (A)

1153.162

412.820

414.665

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Contract Cost

909.533

282.594

 

 

 

Employee Related Expenses

55.660

40.351

 

 

 

Administrative selling other Expenses

69.470

58.020

 

 

 

Research and development expenses

1.837

1.084

 

 

 

Consumption materials changes inventories

(5.677)

(17.119)

 

 

 

TOTAL                                     (B)

1030.823

364.930

369.376

 

 

 

 

 

Less

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

122.339

47.890

45.289

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

18.414

2.102

12.628

 

 

 

 

 

 

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

103.925

45.788

32.661

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.873

9.010

1.888

 

 

 

 

 

Less

Prior period items before tax

0.080

0.000

0.000

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

100.972

39.778

30.773

 

 

 

 

 

Less

TAX                                                                  (H)

38.281

12.663

11.840

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

62.691

24.115

18.933

 

 

 

 

 

 

SHORT/EXCESS PROVISION OF EARLIER YEAR

0.000

0.000

0.097

 

 

 

 

 

 

Prior  Period Adjustment

0.000

0.000

0.005

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

5.057

2.696

5.426

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

35.000

20.000

20.000

 

 

Proposed Dividend

3.000

1.500

1.500

 

 

Corporate Tax on Dividend

0.498

0.254

0.255

 

BALANCE CARRIED TO THE B/S

29.250

5.057

2.696

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Sale of Equipment

 

16.401

14.424

 

 

Consultancy

 

59.851

126.750

 

TOTAL EARNINGS

126.317

76.252

141.174

 

 

 

 

 

 

Earnings Per Share (Rs.)

41.85

16.08

12.62

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (36)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Not Available

 

 

RBI DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office/ Head Office :

Paramount Complex, Gotri Road, Race Course, Vadodara – 390007, Gujarat, India

Tel. No.:

91-265-2397111 (7 Lines)/ 2397112/ 113/ 114

Fax No.:

91-265-2398251

E-Mail :

finance@paramountlimited.com

sales@paramountlimited.com

skt@paramountlimited.com

paramount@paramountlimited.com

Website :

www.paramountlimited.com

 

 

Regional Office:

B-112611 Safdarjung Enclave, New Delhi - 110029, India

Tel. No.:: 91-11-26186525

Fax No.: 91-11-26186369

E-mail : ppcldll@bol.net.in

 

213, Champaklal Industrial Estate, 105, Sion (East), Mumbai - 400022, Maharashtra, India

Tel. No.:: 91-22-24073108/ 24078105/ 24071994

Fax No.: : 91-22-24078106

E-mail : paramountmumbai@vsnI.com

 

"Venkata Vijayam" Apartment, Flat No. 3,2nd Floor, 11th South Road (Old No. 9), West CIT Nagar, Chennai - 600035, Tamilnadu, India

Tel. No.:: 91-44-24350272/ 24350273

Fax No.: 91-44-24340281

E-mail : mprparamount@vsnl.net

 

 

Overseas Office:

Refrigeration and Oxygen Limited, Area #1, Block #21 C, Central Slaughter House street, Shuwaikh Industrial Area, P.O Box 501, Safat 13006, Kuwait

Tel. No.:

00965 844844 Extension 205 to 230

Fax No.:

00965 24843020

E-Mail :

sales@paramountlimited.com

 

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.