MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

VIJAYA MERCANTILE LIMITED (w.e.f. 07.04.1997)

 

 

Formerly Known As :

VIJAYA MERCANTILE PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELV01953A

 

 

PAN No.:

[Permanent Account No.]

AAACV2312H

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

20 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacture of Transformer Components, Paper, Steel Kraft Paper.

 

 

Exports :

 

Products :

Finish Goods

Countries :

Oman

 

 

Imports :

 

Products :

Raw Material

Countries :

Ř       China

Ř       Japan

 

 

Terms :

 

Selling :

L/C and Credit

 

 

Purchasing :

L/C and Credit

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers

 

 

No. of Employees :

20 (Approximately)

 

 

Bankers :

Central Bank of India, 55, Madhuban, Nehru Place, New Delhi - 110019, India

 

Banking Relations :

--

 

 

Auditors :

 

Name 1 :

Antima and Goel

Chartered Accountant

Address :

A-6, LGF, Defence Colony, New Delhi – 110024, India

 

 

Name 2 :

Jhalani and Company

Chartered Accountants

Address :

190 SFS Flats, Hauz Khas, New Delhi – 110016, India

 

 

Associates/Subsidiaries :

Ř       Badri Enterprise Private Limited

Ř       Raman Paper Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 23.09.2013

 

Names of Shareholders

No. of Shares

Vijaya Gupta

8020

Narender Kumar Modi

10

Ghanshyam Dass Gupta

23400

Ramesh Chandra Gupta

100

Khandelwal Ishan

10600

Khandelwal Neha

1000

G D Gupta (HUF)

26820

Khandelwal Megha

2900

 

 

Total

72850

 

 

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

0.728

0.728

0.728

(b) Reserves & Surplus

85.434

69.036

52.266

(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)

86.162

69.764

52.994

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.462

0.496

0.420

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

1.398

1.130

1.011

Total Non-current Liabilities (3)

1.860

1.626

1.431

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

17.572

12.798

11.400

(c) Other current liabilities

2.320

1.548

1.179

(d) Short-term provisions

0.505

0.145

5.289

Total Current Liabilities (4)

20.397

14.491

17.868

 

 

 

 

TOTAL

108.419

85.881

72.293

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

10.119

10.627

9.949

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

9.737

9.441

9.441

(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

0.794

0.734

5.831

(e) Other Non-current assets

0.040

0.037

0.000

Total Non-Current Assets

20.690

20.839

25.221

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

29.660

21.581

11.990

(c) Trade receivables

34.656

35.252

28.950

(d) Cash and cash equivalents

22.666

6.757

3.497

(e) Short-term loans and advances

0.307

1.355

2.623

(f) Other current assets

0.440

0.097

0.012

Total Current Assets

87.729

65.042

47.072

 

 

 

 

TOTAL

108.419

85.881

72.293

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

 

SALES

 

 

 

 

 

Income

204.777

162.974

161.071

 

 

Other Income

1.759

0.619

1.079

 

 

TOTAL                                    

206.536

163.593

162.150

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchase of trade goods

175.207

133.632

133.567

 

 

Changes in inventories of finished goods work-in-progress and Stock-in-Trade

(7.343)

(4.239)

(4.787)

 

 

Employee Benefits Expenses

6.455

4.687

4.026

 

 

Other Expenses

8.132

7.667

8.526

 

 

TOTAL                                    

182.451

141.747

141.332

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

24.085

21.846

20.818

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

0.061

0.015

0.096

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

24.024

21.831

20.722

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

0.559

0.522

0.474

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

23.465

21.309

20.248

 

 

 

 

 

Less

TAX                                                                 

7.068

4.539

5.343

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

16.397

16.770

14.905

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

225

230

205

 

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

170.000

 

 

 

 

 

Expected Sales (2014-2015): Rs.210.000 Millions

 

The above information has been parted by Mr. Ashish Tayal (General Manager)

 

 

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 :

1201, Ansal Tower, 38 Nehru Place, New Delhi – 110 019, India

Tel. No.:

91-11-26289502 / 26288780

Fax No.:

91-11-26289503

E-Mail :

vijmer@hotmail.com

Website :

www.insulationpapers.com

Area :

1000 Sq.ft

Location :

Owned

 

 

Factory :

Plot No.50, SIDCUL, Haridwar – 249 403, Uttaranchal, India

Tel. No.:

91-1334-230323

Fax No.:

91-1334-230323

Area :

10000 Sq.ft

Location :

Owned

 

 

Warehouse :

Gali No.7, Near Shiv Mandir, Libaspur, New Delhi

Area :

5000 Sq.ft

Location :

Rented

 

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.