MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

RISHI FIBC SOLUTIONS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BRDR01529D

 

 

PAN No.:

[Permanent Account No.]

AADCR5130N

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

700 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Flexible Intermediate Bulk Containers.

 

 

Exports :

 

Products :

Flexible Intermediate Bulk Containers

Countries :

·         US

·         Europe

·         Australia

·         Nepal

·         Japan

 

 

Imports :

 

Products :

Raw Material

Countries :

·         Gulf Country

·         Thailand

·         USA

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

 

GENERAL INFORMATION

 

Customers :

End Users

 

 

No. of Employees :

700 (Approximately)

 

 

Bankers :

·         State Bank of India, MID Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Vadodara - 390007, Gujarat, India

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

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long-Term Borrowings

 

 

Rupee term loans from banks

120.186

144.261

Short Term Borrowings

 

 

Loans repayable on demand from banks

[Working Capital Loan is secured by Hypothecation of all chargeable current assets of the company]

250.931

178.922

Total

371.117

323.183

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long-Term Borrowings

 

 

Loans and advances from related parties

72.001

52.001

Total

72.001

52.001

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

S G Bhagwat and Company

Chartered Accountants

Address :

116-118, Race Course Towers, Race Course South, Vadodara – 390007, Gujarat, India

Tel. No.:

91-265-6621591/ 592

E-Mail :

sgbandco@gmail.com

PAN No.:

AAGFS0669H

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:

Garrison Polysacks Private Limited

CIN No.: U25209GJ1985PTC008002

 

MAJOR SHAREHOLDERS

 

As on 14.08.2013

 

Names of Shareholders

 

No. of Shares

Arvind Narayanprasad Nopany

 

7601900

Harshad B. Patel

 

100

Devyani Nopany

 

40000

Rishi Nopany

 

10000

Joseph Francis

 

1200000

Nalini Sekhsaria

 

4000000

Rohit Trivedi

 

46000

Ashutosh K. Roy

 

60000

Moncy Jose

 

30000

Alok Rathi

 

12000

Total

 

13000000

 

 

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

130.000

130.000

130.000

(b) Reserves & Surplus

269.070

146.704

63.121

(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)

399.070

276.704

193.121

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

192.187

196.262

248.727

(b) Deferred tax liabilities (Net)

24.182

18.092

12.857

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

4.724

3.541

0.000

Total Non-current Liabilities (3)

221.093

217.895

261.584

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

250.931

178.922

149.793

(b) Trade payables

81.273

45.734

62.154

(c) Other current liabilities

90.678

68.852

49.563

(d) Short-term provisions

34.038

20.271

20.970

Total Current Liabilities (4)

456.920

313.779

282.480

 

 

 

 

TOTAL

1077.083

808.378

737.185

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

528.285

479.320

425.965

(ii) Intangible Assets

0.648

0.543

0.215

(iii) Capital work-in-progress

6.430

11.268

17.027

(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

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

535.363

491.131

443.207

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

5.000

(b) Inventories

165.487

108.078

115.001

(c) Trade receivables

259.005

121.968

105.524

(d) Cash and cash equivalents

14.901

15.496

10.101

(e) Short-term loans and advances

89.601

68.774

49.530

(f) Other current assets

12.726

2.931

8.822

Total Current Assets

541.720

317.247

293.978

 

 

 

 

TOTAL

1077.083

808.378

737.185

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

TOTAL                        

1468.199

1072.202

769.827

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                        

1318.572

923.290

678.448

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

(Including Depreciation expenses)

148.912

91.379

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

 

37.871

28.350

 

 

 

 

 

 

PROFIT BEFORE TAX

149.627

111.041

63.029

 

 

 

 

 

Less

TAX                                                                 

27.261

27.457

18.869

 

 

 

 

 

 

PROFIT AFTER TAX

122.366

83.584

44.160

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

F.O.B. Value of Export

1290.113

946.900

718.302

 

 

 

 

 

 

Earnings Per Share (Rs.)

9.41

2.70

3.40

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

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 / Corporate Office :

Indra Complex, 7th Floor, Sindhwai Mata Cross Road, Manjalpur, Vadodara -  390004, Gujarat, India

Tel. No.:

91-265-2657125/ 6590302/ 03

Fax No.:

91-265-2635870

E-Mail :

mail@rishifibc.com

profina@gmail.com

rishifibcsolutions@yahoo.co.in

alok.rathi@rishifibc.com

Website :

http://www.rishifibc.com

 

 

Factory :

Mahuvad-Ranu Road, Village Ranu, Taluka Padra, District Vadodara – 391440, Gujarat, India

Tel. No.:

91-2662-305000

Fax No.:

91-2662-305015

 

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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.