MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
RADHA INDUSTRIES PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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PAN No.: [Permanent Account No.] |
AACCR9832N |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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10 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Trader of Iron and Steel Tubes, Sheets, Pipes, TMT Bars, Coils etc. |
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Products : |
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Imports : |
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Products : |
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Scrap |
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Countries : |
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Dubai |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
OPERATIONS:
The company
concentrated on trading in Iron and Steel Products. The company also ventured
in to imports by importing and trading in M.S. Scrap from countries such as
Sweden, Dubai and U.K. The company also earned income by way of letting out the
re-rolling mill belonging to the company on rent. The discontinuance of
manufacturing operations from November 2011 onwards, have reduced the operating
profit margin. However, the trading turnover witnessed a substantial increase
of 41.10% as compared to the previous financial year 2011-12.
GENERAL INFORMATION
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Customers : |
Manufacturer |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
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IDBI Bank Limited, 37, P.M. Towers, MSE, Greams
Road, Chennai – 600 006, Tamilnadu, India ·
IDBI Bank Limited, Saidapet Branch, Chennai – 600 015, Tamilnadu, India ·
Kotak Mahindra Bank Limited ·
HDFC Bank Limited, Mount Road Branch, Chennai – 600
002, Tamilnadu, India ·
IDBI Bank Limited, T.C. Street Branch, Chennai – 600
001, Tamilnadu, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
SRJ Associates Chartered Accountants |
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Address : |
#16/1, “J” Apartments, II Main
Road, Kasturba Nagar, Adyar, Chennai – 600 020, Tamilnadu, India |
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PAN No.: |
AABFS1382A |
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Associates : |
Radha Vyapar (India) Private Limited, India (CIN No.:
U27310TN2007PTC063864) |
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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Yashpal Sharma |
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1877300 |
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Nitu Sharma |
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151600 |
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Maniram Sharma |
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474100 |
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Birmati Sharma |
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154000 |
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Bhagwan Dutt Sharma |
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110000 |
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Puran Chand Sharma |
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125000 |
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Som Dutt Sharma |
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31500 |
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Gopal Sharma |
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80000 |
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Jai Kishan Sharma |
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27000 |
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Jaipal Singh |
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255000 |
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Shamsher Singh Rana |
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20000 |
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Ram Singh Rana |
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219000 |
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Rampal Sharma |
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110000 |
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Ramesh Sharma |
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425000 |
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Ashok Kumar Sharma |
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32000 |
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Bramduth Sharma |
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201000 |
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Asha |
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40000 |
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Ashwini Kumar Sharma |
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12500 |
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Rakesh Sharma |
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65000 |
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Ramdiya Sharma |
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30000 |
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Sanjiv Kumar |
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30000 |
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Sathyavan Sharma |
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180000 |
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Varsha |
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25000 |
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Vijay Sharma |
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25000 |
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Total
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4700000 |
AS ON 25.10.2013
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Names of Allottees |
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No. of Shares |
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Rama Swaroop Sharma |
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650000 |
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Sahdev Ram Choudhry |
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650000 |
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Total
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1300000 |
AS ON 30.09.2013
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
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 |
47.000 |
20.800 |
20.800 |
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(b) Reserves & Surplus |
31.302 |
27.634 |
24.475 |
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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 |
13.000 |
26.200 |
44.200 |
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Total
Shareholders’ Funds (1) + (2) |
91.302 |
74.634 |
89.475 |
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(3) Non-Current
Liabilities |
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(a) Long-term borrowings |
1.038 |
0.598 |
0.339 |
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(b) Deferred tax liabilities (Net) |
1.335 |
1.238 |
1.122 |
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(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
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(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
2.373 |
1.836 |
1.461 |
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(4) Current Liabilities |
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(a) Short
term borrowings |
101.135 |
99.682 |
99.470 |
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(b)
Trade payables |
91.476 |
23.168 |
37.819 |
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(c)
Other current liabilities |
0.946 |
0.957 |
0.691 |
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(d) Short-term
provisions |
0.297 |
0.652 |
0.447 |
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Total Current
Liabilities (4) |
193.854 |
124.459 |
138.427 |
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TOTAL |
287.529 |
200.929 |
229.363 |
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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 |
12.795 |
12.836 |
31.394 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.175 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.020 |
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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 |
3.241 |
3.094 |
3.553 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
16.036 |
15.930 |
35.142 |
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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 |
82.496 |
39.535 |
94.007 |
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(c)
Trade receivables |
92.963 |
56.593 |
85.394 |
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(d) Cash
and cash equivalents |
19.069 |
16.579 |
7.728 |
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(e)
Short-term loans and advances |
76.840 |
72.142 |
7.092 |
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(f)
Other current assets |
0.125 |
0.150 |
0.000 |
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Total
Current Assets |
271.493 |
184.999 |
194.221 |
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TOTAL |
287.529 |
200.929 |
229.363 |
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 |
1383.555 |
980.529 |
1121.588 |
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Other Income |
NA |
1.106 |
NA |
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TOTAL |
NA |
981.635 |
NA |
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Less |
EXPENSES |
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NA |
977.294 |
NA |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
977.294 |
NA |
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PROFIT / (LOSS) BEFORE
TAX |
5.072 |
4.341 |
14.139 |
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Less |
TAX |
1.404 |
1.182 |
1.101 |
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PROFIT / (LOSS) AFTER
TAX |
3.668 |
3.159 |
13.038 |
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Earnings /
(Loss) Per Share (Rs.) |
0.78 |
1.52 |
NA |
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Particulars |
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31.03.2014 |
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Sales Turnover [Approximately] |
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1390.000 |
Expected Sales ( 2014-2015) : Rs.1700.000
The above information has been parted by Ms. Sudha.
RATING & COMMENTS
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MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but 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 : |
Plot No.32 and
34, SIDCO Industrial Estate, Vitchoor, Manali, Chennai - 600 103, Tamilnadu,
India |
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Tel. No.: |
91-44-32536817 |
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Mobile No.: |
91-9383334343 |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Corporate Office/ Administrative Office : |
New No.39 (Old No.18), Sembudoss Street, Parrys, Chennai – 600 001,
Tamilnadu, India |
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Tel. No.: |
91-44-42162180 |
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Fax No.: |
91-44-25267272 |
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Area : |
2000 sq. ft. |
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Location : |
Rented |
Note:
The registered office of the company has been shifted from No.18, Cross Road, New Washermenpet, Chennai – 600 081, Tamilnadu to the present address w.e.f. 16.07.2007.
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.