MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

RAC EXTRUSIONS LIMITED  (w.e.f. 24.12.2012)

 

 

Formerly Known As :

SHIV SHAKTI EXTRUSIONS LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

50 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Aluminium Sections and Ingots. 

 

 

Imports :

 

Products :

Scraps

Countries :

Dubai

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

·         Arpit Enterprises

·         A V Tools and Dies

·         Bag Poly International Private Limited

·         Full Moon Enterprises

·         Graphite Refmin Private Limited

·         Hi- Tech India

·         Industrial Gas Agency

·         Jhalani Extrusion

·         J.P. Engineers

·         Madan Switch Gear Company

·         National Iron and Tubwell Traders

·         Paras Enterprises

·         Paras Lubricants Limited

·         Radha Raman Metal

·         Rajlaxmi Chemtech India Private Limited

·         Samsung Overseas Limited

·         Sandeep Enterprises

·         Satya Surya Aluminium Industries Limited

·         Shri Ram Hardware and Mill Store

·         S M W Metal Private Limited

·         Surya Tools Saw Centre

 

 

Customers :

End Users

 

·         A.C. Aluminium Private Limited

·         Alubuild Engineers

·         Alubuild Engineers Private Limited

·         Autotech Industry

·         D.C. Metal Corporation

·         Electro Control and Switchgears

·         Emaar Mfg

·         G B Enterprises

·         Globus Exim Private Limited

·         Hindustan Sanitaryware and Industries Limited

·         Kalco Alu. Systems Private Limited

·         Karshni Extrusion Private Limited 676

·         K.K. Metal Corporation

·         Loom Crafts Furniture (India) Private Limited

·         Mactrol Motion Control Private Limited

·         Mascot Alloys Private Limited

·         Metal India

·         Om Industries

·         Premier Tradewings Private Limited

·         Samayk Metals Private Limited

·         Shree Guru Kirpa Industries

·         Specialities Alu. Grills Private Limited, Kanpur

·         Supreme Aluminium

·         Swadeshi Aluminium Company Private Limited

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

Indian Bank, D B Gupta Road Branch, 2/7, New Delhi – 110055, India

Contact No.:91-11-23584391

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

From Indian Bank

(i) Term loan of Rs.1.749 Millions from Indian Bank, is secured against hypothecation of Plant and Machinery and mortgage of immovable properties of the company (both present and future) and personal guarantee of the directors of the company.

(ii) Loan of Rs.0.360 Million from Indian Bank, is secured against Fixed deposits.

2.109

1.751

 

 

 

Short Term Borrowings

 

 

Working Capital Loans from Banks

From Indian Bank

35.380

34.766

 

 

 

Total

37.489

36.517

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Short Term Borrowings

 

 

Loans and Advances from Related Parties

0.319

5.400

 

 

 

Total

0.319

5.400

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Singal and Company

Chartered Accountants

Address :

WA 109, B2 Shakarpur, Delhi – 110092, India

PAN No.:

AWUPS7475H

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2013

 

Names of Shareholders

 

No. of Shares

Ram Avtar Mittal

920800

Devi Nandan Mittal

918500

Vikas Mittal

20000

Ajay Kumar Mittal

20000

Yogesh Mittal

393400

Sanjay Mittal

61800

Bhawna Mittal

219200

Bhupinder Kumar Mittal

65000

Kirti Mittal

47000

Parul Mittal

50000

Prem Lata Mittal

90100

Kamla Devi Mittal

30000

Rishi Mittal

20000

Suman Mittal

20000

Shiv Kumar Mittal

42500

Ram Avtar Parpers Private Limited

727400

Mittal Metalloys Private Limited

977000

Usha Mittal

10100

Bhoomika Mittal

13700

Pooja Mittal

19000

Navbharat Dupex Private Limited

125000

Karshni Extrusions Private Limited

100000

Gaurav Mittal

55000

Karuna Gupta

35000

 

 

Total

4980500

 

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

49.805

49.805

49.805

(b) Reserves & Surplus

17.663

16.314

17.341

(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)

67.468

66.119

67.146

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.109

1.751

10.616

(b) Deferred tax liabilities (Net)

6.927

7.202

7.134

(c) Other long term liabilities

0.528

0.094

0.111

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

9.564

9.047

17.861

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

35.699

40.166

30.743

(b) Trade payables

16.440

4.958

3.197

(c) Other current liabilities

4.929

3.388

1.463

(d) Short-term provisions

0.354

0.000

0.807

Total Current Liabilities (4)

57.422

48.512

36.210

 

 

 

 

TOTAL

134.454

123.678

121.217

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

48.525

51.947

51.789

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1.127

1.100

0.750

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.705

1.323

1.869

(e) Other Non-current assets

1.273

1.137

0.742

Total Non-Current Assets

54.630

55.507

55.150

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

13.303

15.562

17.012

(c) Trade receivables

34.272

36.392

36.856

(d) Cash and cash equivalents

4.602

1.693

0.988

(e) Short-term loans and advances

26.212

14.122

11.211

(f) Other current assets

1.435

0.402

0.000

Total Current Assets

79.824

68.171

66.067

 

 

 

 

TOTAL

134.454

123.678

121.217

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from operations

171.905

165.898

170.392

 

 

Other Income

1.424

3.701

4.520

 

 

TOTAL                                              (A)

173.329

169.599

174.912

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of materials consumed

81.475

127.343

144.127

 

 

Purchases of stock-in-trade

58.101

10.279

0.000

 

 

Changes in inventories of finished goods, work-in-progress and stock-in-trade

2.561

0.956

(5.868)

 

 

Employee benefits expense

2.704

3.802

3.435

 

 

Other expenses

18.059

18.522

20.503

 

 

TOTAL                                              (B)

162.900

160.902

162.197

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

10.429

8.697

12.715

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

5.939

6.548

5.457

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

4.490

2.149

7.258

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

3.164

3.108

2.903

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

1.326

(0.959)

4.355

 

 

 

 

 

Less

TAX                                                                  (H)

(0.022)

0.068

1.582

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

1.348

(1.027)

2.773

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.27

--

--

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover (Approximately)

 

 

250.000

 

Expected Sales (2014-2015): Rs.300.000 Millions

 

The above information has been parted by Mr. Shiv Mittal (Director)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but 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 Office :

9183/4, Multani Dhanda, Pahar Ganj, New Delhi – 110055, India

Tel. No.:

91-11-23542216/ 32214805

Mobile No.:

91-9810105014 (Mr. Shiv Mittal)

Fax No.:

91-11-23542216

E-Mail :

dsm.roc@gmail.com

mittalrac@gmail.com

cakaransingal@gmail.com

Location :

Owned

 

 

Factory :

49 Km Stone, NH – 10, Delhi Rohtal Road, Sampla District Rohtal – 124501, Haryana, India

 

Note:

 

The Registered office of the company has been shifted from P-6, Malviya Nagar, New Delhi – 110017, India, to the present address w.e.f. 19.04.2010.

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.