MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

S V ISPAT PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

65 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is Engaged in Processor of Metallurgical Coke.

 

 

Products :

·         Met Coke

·         Calcined Petroleum Coke

·         Carboriser

·         Aluminum Notch Bar

·         Aluminium Shots

·         Coal Char

·         Ifdox

 

·          

Terms :

 

Selling :

L/C, Cheque and Credit

 

 

Purchasing :

L/C, Cheque and Credit

 

 

GENERAL INFORMATION

 

Customers :

Others

 

 

No. of Employees :

65 (Approximately)

 

 

Bankers :

State Bank of India, Deccan Gymkhana Branch Shirole Bhavan, PMT Building, 2nd Floor, J.M. Road, Deccan Gymkhana, Pune – 411004, Maharashtra, India

 

 

Facilities :

Secured Loan

As on

31.03.2013

(Rs. In Millions)

As on

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

From Bank

0.505

0.866

SHORT TERM BORROWINGS

 

 

From Bank

35.162

32.912

 

 

 

Total

35.667

33.778

 

UNSECURED LOAN

 

Particular

As on

31.03.2013

(Rs. In Millions)

As on

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Loans and advance from related parties

3.090

3.969

Other loans and advance

2.500

4.000

SHORT TERM BORROWINGS

 

 

Loans and advance from related parties

1.000

2.546

Other loans and advance

1.500

2.076

 

 

 

Total

8.090

12.591

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Mahendra Shah and Company

Chartered Accountants

Address :

Shankar Prasad, Flat No. 2, 1st Floor, 1691, Sadashiv Peth, Pune – 411030, Maharashtra, India

Tel. No.:

91-20-24470622

Mobile No.:

91-9881463233/ 9552501568

Fax No.:

91-20-24472110

PAN No.:

ADWPS8968P

 

 

Sister concern :

V. B. Forms Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 23.08.2013

 

Names of Shareholders

 

No. of Shares

Vinay Champalal Biyani

 

32540

Archana Vinay Biyani

 

8000

Champalal Biyani

 

10500

Ushadevi Champalal Biyani

 

4500

Kishan Gopal Biyani

 

40

Manmal Biyani

 

40

Vinay Biyani HUf (Through Karta Vinay Biyani)

 

2100

Vedant Vinay Biyani

 

5000

Siddhant Vinay Biyani

 

5000

Mamta Bramhanand Saboo

 

40

Ritesh Arvind Lakhani

 

40

Girdhar Subhashchand Girdhar

 

40

Chandraprakesh Jugalkishore Sarda

 

40

Subhashchand Chandak HUF

 

40

Kiran Vishnudas Laddha

 

40

Ronit Capital Management Limited, India 

 

5550

Maheshwari Knit Export Limited, India

 

5550

Lakhotia Biodkumar

 

40

 

 

 

Total

 

79100

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

 

31.03.2012

31.03.2011

EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

7.910

6.000

6.000

(b) Reserves & Surplus

28.654

18.550

16.501

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.005

0.000

0.000

Total Shareholders’ Funds (1) + (2)

36.569

24.550

22.501

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

6.095

8.835

10.340

(b) Deferred tax liabilities (Net)

0.246

0.206

0.236

(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)

6.341

9.041

10.576

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

37.662

37.534

20.607

(b) Trade payables

7.608

4.017

9.249

(c) Other current liabilities

0.702

0.661

0.279

(d) Short-term provisions

1.943

1.214

1.875

Total Current Liabilities (4)

47.915

43.426

32.010

 

 

 

 

TOTAL

90.825

77.017

65.087

 

 

 

 

ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

15.066

13.569

14.286

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

1.343

0.356

0.518

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1.984

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.189

0.181

0.183

Total Non-Current Assets

18.582

14.106

14.987

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

22.116

18.901

18.292

(c) Trade receivables

46.235

40.433

27.318

(d) Cash and cash equivalents

0.722

0.433

1.683

(e) Short-term loans and advances

0.745

0.885

0.609

(f) Other current assets

2.425

2.259

2.198

Total Current Assets

72.243

62.911

50.100

 

 

 

 

TOTAL

90.825

77.017

65.087

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.03.2012

 

SALES

 

 

 

 

Income

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

 

 

181.128

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

NA

 

180.127

 

 

 

 

 

 

PROFIT BEFORE TAX

 

 

2.949

 

 

 

 

 

Less

TAX                                                                 

 

 

0.899

 

 

 

 

 

 

PROFIT AFTER TAX

 

 

2.050

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

 

34.16

 

Particulars

 

 

31.03.2014

31.03.2013

Sales Turnover (Approximately)

 

250.000

180.000

 

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

 

The above information has been parted by Mr. Vinay Biyani.

 

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 DEFAULTERS LIST STATUS

 

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

 

LOCATIONS

 

Registered Office :

9, Winner Court, Opposite Manikchand Malbar, Lulla Nagar, Pune-411037, Maharashtra, India 

Tel. No.:

91-20-26837441 / 2

Fax No.:

91-20-26837443

E-Mail :

pune@svispat.com

Website :

http://www.svispat.com

 

 

Factory 1:

Gut NO. 754, Village Bori Aendi, Taluka Daund, Pune, Maharashtra, India

 

 

Factory 2:

Plot No. 1 and 2, G.D.I.C. Surendranagar Road, Dharangadhra, Gujarat, India

 

 

Factory 3:

S. No.112, Village, Hirekasankandi, Post – Ginigera, Koppal, Karnataka, 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.