MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

VISHWAKARMA AUTOMOTIVE PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

200 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Auto Parts Components

 

 

Terms :

 

Selling :

L/C and Credit

 

 

Purchasing :

L/C and Credit

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers and Retailers

 

 

No. of Employees :

200 (Approximately)

 

 

Bankers :

˛      Bank of India, SSI Branch, 14/4, Mathura Road, Faridabad – 121003, Haryana, India

˛      Axis Bank Limited, Plot No. 40, SCO Sector – 7, Huda Main Market, Ballabgarh, Faridabad – 121006, Haryana, india

˛      Small Industrial Development Bank India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

From Bank

 

 

Bank of India

(secured against hypothecation of machinery. Intrest rate 13.75% and personal guarantee of Directors)

0.000

9.725

Axis Bank Limited

(secured against hypothecation of machinery. Intrest rate 13.75% and personal guarantee of Directors)

7.307

0.000

Bank of India

(secured against hypothecation of car. Intrest rate 14%)

0.000

0.299

Bank of India

(secured against hypothecation of car. Intrest rate 12.25%)

0.760

1.348

Bank of India

(secured against hypothecation of car. Loan carries intrest rate 11.75%)

0.501

0.858

Bank of India

(secured against hypothecation of car. Loan carries intrest rate 11.25%)

0.467

0.675

Bank of India

(secured against hypothecation of car. Loan carries intrest rate 11.75%)

0.294

0.380

Small Industrial Development Bank India

(secured against hypothecation of plant and machinery and building loan carries intrest rate 15.25%. the loan in repayable in 48 monthly installments)

10.000

0.000

Small Industrial Development Bank India

(secured against hypothecation of plant and machinery and building loan carries intrest rate 13.75%. the loan in repayable in 72 monthly installments)

41.400

0.000

Small Industrial Development Bank India

(secured against hypothecation of plant and machinery and personal guarantee of directors Loan carrries intrest rate @ 13.255)

1.375

2.275

Small Industrial Development Bank India

(secured against hypothecation of plant and machinery and building loan carries intrest rate 13.75%.)

73.600

55.000

Small Industrial Development Bank India

(secured against hypothecation of WCTL, loan carries intrest rate 13.25%)

3.325

4.000

Small Industrial Development Bank India

(secured against hypothecation of WCTL, loan carries intrest rate 13%)

12.230

15.890

Tata Capita Limited

(secured against hypothecation of plant and machinery the lon is repayable on demand and carries rate of intrest@17.50%)

0.000

2.034

 

 

 

SHORT TERM BORROWINGS

 

 

Cash credit limit from bank of india

0.000

28.070

Cash credit limit from axis bank limited

43.212

0.00

 

 

 

Total

194.471

121.186

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Fairdeal Finance Company

0.020

0.020

G L Chhabra

0.270

0.270

Pahalad Singh

0.164

0.164

Prabhakar Chhabra

0.020

0.020

S L Nagpal

0.100

0.100

Surinder Makkar

0.020

0.020

KRAC Infra Developer Private Limited

8.000

0.000

Secure Portfolio Private Limietd

10.000

0.000

 

 

 

Bajaj Finance Limited

3.000

2.734

Magma Finance Limited

2.443

3.420

Tata Capital Limited

1.760

3.382

 

 

 

Total

25.797

10.130

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Hemant Khatri and Associates

Chartered Accountants

Address :

B – 488, 1st Floor, Nehru Ground, NIT, Faridabad – 121002, Haryana, India

 

 

Associates/Subsidiaries :

Vishwakarma Automotive Parts Private Limited

Address: Plot No. 787, Sector – 58, Ballabgarh – 121004, Faridabad, Haryana, India

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 16.09.2013

 

SHAREHOLDING DETAILS FILE ATTACHED

 

 

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

14.304

13.352

13.000

(b) Reserves & Surplus

49.625

24.327

11.162

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

9.050

29.550

16.450

Total Shareholders’ Funds (1) + (2)

72.979

67.229

40.612

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

177.056

102.614

26.911

(b) Deferred tax liabilities (Net)

6.664

3.110

2.929

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

183.720

105.724

29.840

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

43.212

28.702

25.380

(b) Trade payables

65.209

39.612

45.168

(c) Other current liabilities

2.003

1.599

0.609

(d) Short-term provisions

5.981

3.832

2.399

Total Current Liabilities (4)

116.405

73.745

73.556

 

 

 

 

TOTAL

373.104

246.698

144.008

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

198.319

125.590

65.122

(ii) Intangible Assets

0.089

0.000

0.000

(iii) Capital work-in-progress

48.223

23.971

0.000

(iv) Intangible assets under development

0.000

0.150

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

3.102

5.671

13.751

(e) Other Non-current assets

0.706

0.000

0.000

Total Non-Current Assets

250.439

155.382

78.873

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

22.477

12.662

7.111

(c) Trade receivables

71.742

42.569

42.606

(d) Cash and cash equivalents

1.714

10.833

0.896

(e) Short-term loans and advances

18.496

21.768

12.431

(f) Other current assets

8.236

3.484

2.091

Total Current Assets

122.665

91.316

65.135

 

 

 

 

TOTAL

373.104

246.698

144.008

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

335.696

349.191         

288.191

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

328.280

342.169

282.788

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

7.416

7.022

5.403

 

 

 

 

 

Less

TAX                                                                 

1.413

2.123

1.563

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

6.003

4.899

3.840

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

4.20

3.42

2.68

 

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

400.000

 

 

 

 

 

Expected Sales (2014-2015): Rs.450.000 Millions

 

The above information has been parted by Mr. Nitin Sachdeva (Senior Executive – Purchase)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

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 :

26/63, Gali No 11 Vishwas Nagar, Shahdara, Delhi – 110032, India

Tel. No. :

Not Available

Fax No. :

Not Available

E-Mail :

vapl@vsnl.com

marketing@vishwakarmaauto.com

Website :

www.vishwakarmaauto.com

 

 

Factory 1 :

Plot No. 46, Sector – 58, Ballabgarh – 121004, Faridabad, Haryana, India

 

 

Factory 2 :

Plot No. 46, Sector – 59, Ballabgarh – 121004, Faridabad, Haryana, India

 

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.