MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

VIDRES INDIA CERAMICS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

AHMV02699E

 

 

PAN No.:

[Permanent Account No.]

AACCV2963Q

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

50 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Ceramic Raw Material.

 

 

Products :

ITC Code

Products or Services

32074000

GLAS FRIT

32071090

PIGMENT

84433910

INKJET PRINTER

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Spain

 

 

Imports :

 

Products :

Raw Material

Countries :

·         Spain

·         France

 

 

Terms :

 

Selling :

L/C, Cash and Credit

 

 

Purchasing :

L/C, Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

·         Vidres S. A., Spain

 

 

Customers :

Wholesalers and Retailers

 

·         Samani Ceramic, Kadi

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie  Esant Road, Worli, Mumbai - 400018, Maharashtra, India

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

Long term borrowings

 

 

Term loans from banks

2.699

0.712

 

 

 

Short term borrowings

 

 

Loans repayable on demand

492.115

197.763

 

 

 

Total

494.814

198.475

 

 

 

Unsecured Loan

 

As on

31.03.2013

As on

31.03.2012

Short term borrowings

 

 

Loans and advances from directors

37.227

37.295

 

 

 

Total

37.227

37.295

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Chandulal M. Shah and Company

Chartered Accountants

Address :

33/G Haripark,  Society Opposite Ankur Bus Stand, Naranpura, Ahmedabad – 380013, Gujarat, India

PAN No.:

AAAFC6603M

 

 

Associates:

·         Tecnografica India Private Limited

CIN No.:U26916GJ2012PTC071115

·         Yogi Cerachem Private Limited

CIN No.:U24110GJ1998PTC034326

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

 

No. of Shares

Vishal Ghanshyambhai Trivedi

 

122500

Kala Ghanshyam Trivedi

 

5000

 

 

 

Total

 

127500

 

 

 

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

1.275

1.275

1.275

(b) Reserves & Surplus

265.131

146.992

87.679

(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)

266.406

148.267

88.954

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.699

0.712

0.071

(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

2.129

0.951

0.551

Total Non-current Liabilities (3)

4.828

1.663

0.622

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

529.342

235.058

21.001

(b) Trade payables

812.255

406.285

221.721

(c) Other current liabilities

19.757

12.006

3.111

(d) Short-term provisions

21.360

1.981

0.241

Total Current Liabilities (4)

1,382.714

655.330

246.074

 

 

 

 

TOTAL

1,653.948

805.260

335.650

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

51.760

47.323

15.397

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

18.450

(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)

1.021

0.386

0.248

(d)  Long-term Loan and Advances

9.208

20.396

3.273

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

61.989

68.105

37.368

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

269.931

149.543

83.533

(c) Trade receivables

537.050

250.316

95.880

(d) Cash and cash equivalents

732.118

304.277

107.218

(e) Short-term loans and advances

52.860

33.019

11.651

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

1,591.959

737.155

298.282

 

 

 

 

TOTAL

1,653.948

805.260

335.650

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

2115.147

1104.440

440.408

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

189.263

91.672

56.969

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

6.184

3.906

0.948

 

 

 

 

 

 

PROFIT BEFORE TAX

183.079

87.766

56.021

 

 

 

 

 

Less

TAX                                                                 

64.941

28.453

18.708

 

 

 

 

 

 

PROFIT AFTER TAX

118.138

59.313

37.313

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

19.175

7.876

0.000

 

 

 

 

 

 

Earnings Per Share (Rs.)

926.57

465.20

NA

 

 

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 DEFAULTERS’ LIST STATUS

 

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

 

LOCATIONS

 

Registered Office :

3rd Floor, Sarthik Square, Beside Pizza Hut, Sarkhej Gandhinagar Highway, Ahmedabad – 380054, Gujarat

Tel. No.:

91-79-26852366

Fax No.:

91-79-26852316 / 40033943

E-Mail :

malpani@vidresindia.net

Location :

Owned

 

 

Factory :

Plot No. 790/5, Chhatral Mehsana Highway, Village Rajpur, India

Location :

Owned

 

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.