MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

VSM VENTURE CONTROL SYSTEMS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

40 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of design, manufacturing, supply, execution and commissioning of automation projects.

 

 

Products/ Services :

·         Drives

·         PLC

·         Industrial Motors

·         SCADA

·         Human Machine Interface

·         Panel Assembly

·         Communication Protocol

Services:

·         Turnkey Project

·         Engineering

·         Installation and Commissioning

·         Revamping/ Retrofit Job

·         Training

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Dubai

·         Gulf Countries

 

 

Imports :

 

Products :

Raw Material

Countries :

·         Finland

·         England

 

 

Terms :

 

Selling :

L/C, Cash and Credit

 

 

Purchasing :

L/C, Cash and Credit

 

GENERAL INFORMATION

 

Customers :

·         Esmech Equipment Private Limited

·         Essar Steel Limited

·         Bhushan Steel Limited

·         Gallant Ispat

·         Magadh Precision

·         United Metal Coating LLC

·         National Steel Industries Limited

·         Jindal India

·         Real Strips Limited

·         Millenium Paper

·         Ruby Macons Limited

·         Malu Paper Mill Limited

·         Murli Agro Products Limited

·         Anand Triplex

·         GMDC

·         Pfeiffer India Limited

·         TRF Limited A/C Kakatia Thermal Power Plant

·         TRF Limited A/C TATA Power

·         Pfeiffer India Limited

·         Ganpati Oil

·         Murli Cement

 

 

No. of Employees :

40 (Approximately)

 

 

Bankers :

Punjab National Bank, Sahibabad Branch, Ghaziabad – 201001, Uttar Pradesh, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

LONG TERM BORROWINGS

 

 

Vehicle Loans from Banks

(Vehicle loans from Banks are secured against hypothecation of vehicle)

4.567

3.045

 

 

 

SHORT TERM BORROWINGS

 

 

Working Capital Loans from Banks

(Working capital facilities are secured against hypothecation of stock of raw material, stock-in-progress, finished stock, stock-in-transit, receivables and personal guarantees of Directors)

15.622

14.201

 

 

 

Total

20.189

17.246

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

LONG TERM BORROWINGS

 

 

Term Loans from Banks

0.086

2.037

 

 

 

SHORT TERM BORROWINGS

 

 

Loans from Related Parties

6.130

2.573

 

 

 

Total

6.216

4.610

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Sushil Poddar and Company

Chartered Accountants

Address :

A-84, Street No.15, Madhu Vihar, I.P. Extension, Patparganj, Delhi – 110092, India

Tel. No.:

91-11-22235713/ 43023202

Mobile No.:

91-9811282879

E-Mail :

spoddarco@yahoo.co.in

PAN No.:

ACFFS3908L

 

 

MAJOR SHAREHOLDERS

 

AS ON 11.09.2013

 

Names of Shareholders

 

No. of Shares

Munish Sharma

18334

Sandeep Bhat

18333

Vijay Kumar Bandha

18333

 

 

Total

55000

 

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

0.550

0.550

0.550

(b) Reserves & Surplus

8.162

6.932

6.320

(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)

8.712

7.482

6.870

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

4.653

5.082

7.538

(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

0.000

0.000

0.000

Total Non-current Liabilities (3)

4.653

5.082

7.538

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

21.752

16.774

4.815

(b) Trade payables

49.727

46.931

27.739

(c) Other current liabilities

12.819

22.522

7.129

(d) Short-term provisions

1.145

0.929

1.628

Total Current Liabilities (4)

85.443

87.156

41.311

 

 

 

 

TOTAL

98.808

99.720

55.719

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

7.477

6.150

5.149

(ii) Intangible Assets

0.078

0.130

0.217

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.678

0.541

0.422

(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

8.233

6.821

5.788

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.508

0.000

0.000

(b) Inventories

14.667

29.653

8.090

(c) Trade receivables

53.315

33.093

27.980

(d) Cash and cash equivalents

11.911

24.125

7.967

(e) Short-term loans and advances

10.174

6.026

5.891

(f) Other current assets

0.000

0.002

0.003

Total Current Assets

90.575

92.899

49.931

 

 

 

 

TOTAL

98.808

99.720

55.719

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Revenue from Operations

224.166

156.588

155.545

 

 

Other Income

 

2.186

2.899

 

 

TOTAL                                     (A)

224.166

158.774

158.444

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of raw material consumed

220.305

82.720

103.785

 

 

Purchase of stock-in-trade

 

45.891

22.400

 

 

Employee Benefits Expenses

 

13.729

14.073

 

 

Other Expenses

 

10.277

11.996

 

 

TOTAL                                     (B)

220.305

(Including Depreciation)

152.617

152.254

 

 

 

 

 

Less

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

 

6.157

6.190

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

 

3.273

0.922

 

 

 

 

 

 

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

3.861

2.884

5.268

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

1.911

1.472

1.710

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX (E-F)                 (G)

1.950

1.412

3.558

 

 

 

 

 

Less

TAX                                                                  (H)

0.720

0.801

1.099

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX (G-H)                  (I)

1.230

0.611

2.459

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

FOB Value of Sales

11.211

5.306

4.257

 

TOTAL EARNINGS

11.211

5.306

4.257

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Material

7.817

0.602

0.062

 

TOTAL IMPORTS

7.817

0.602

0.062

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

22.37

11.11

44.70

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover (Approximately)

 

 

180.000

 

The above information has been parted by Mr. Ranjit Singh (Accounts Manager)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

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 :

146, Ras Vihar Apartments, 99A, I.P. Extension, Patparganj, Delhi – 110 092

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

spoddarfca@gmail.com

Website :

http://www.venturecontrolsystems.com

 

 

Factory :

G-146, Sector 63, Noida – 201 307, Uttar Pradesh, India

Tel. No.:

91-120-4881000-49

Fax No.:

91-120-4149130

 

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