MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

SHRADDHA ISPAT PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AAHCS4567G

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

Information declined by the management

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of M.S. Billets.

 

 

Products :

Item Code No. (ITC Code)

72071920

Product Description

Sponge Iron

 

PRODUCTION STATUS [AS ON 31.03.2012]

 

Particulars

 

Unit

Installed Capacity

Sponge Iron

M.T.

72000.000

Mild Steel Billets/Ingots

M.T.

45000.000

 

 

Particulars

 

Unit

Actual Production

Sponge Iron Division

 

 

Sponge Iron

Waste Products

M.T.

50078.000

Segregated Coat Dust

M.T.

18850.745

Fly Ash Bricks

Nos.

5895404.000

Steel Melting Division

 

 

M.S. Ingots/Billets

M.T.

27865.7000

Runners/Risers

M.T.

37.090

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management

 

 

Bankers :

·         HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

·         The Cosmos Co-operative Bank Limited, Khadki Branch, Pune – 411 030, Maharashtra, India

 

 

Facilities :

Secured Loan

As on

31.03.2013

(Rs. In Millions)

As on

31.03.2012

(Rs. In Millions)

SHORT-TERM BORROWINGS

 

 

Rupee term loans from banks

52.014

3.399

 

 

 

Total

52.014

3.399

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Nagaraj Kale

Chartered Accountant

Address :

G-4, Rosa Maria Complex, Opposite Costa Factory, Aquem, Margao – 403 601, Goa, India

Tel. No.:

91-832-2715880/ 2713144

Mobile No.:

91-9923410236

Fax No.:

91-832-2713144

E-Mail :

kalenagaraj@rediffmail.com

PAN No:

AHNPK0563C

 

 

Other Related Parties :

·         Shirdi Steel Re-Rollers Private Limited

U27106GA1994PTC001582

 

·         Indrayani Ferro Cast Private Limited

U27320MH1995PTC088354

 

·         Pushpak Steel Industries Private Limited

·         Sant Gyaneshar Steel Limited

U28910MH1995PTC089177

 

·         Bhuleshwar Steels and Alloys Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

 

No. of Shares

Vinodkumar Vedprakash Goyal

 

3620

Premprakash Lacchiram Goyal

 

4000

Sushama Vinodkumar Goyal

 

498

Aditya Arunkumar Poddar

 

2100

Kashyam Ashwinikumar Poddar

 

1035

Mayank Vinod Goyal

 

2700

Arunkumar Ramkumar Poddar

 

2000

Ashok Sonraj Oswal

 

2000

Ashwinikumar Ramkumar Poddar

 

3500

Deepchand Sonraj Oswal

 

2000

Prakash Sonraj Oswal

 

2000

Rajesh Sonraj Oswal

 

2000

Sanjay Sonraj Oswal

 

2000

Madhu Arunkumar Poddar

 

2000

Punita Ashwinikumar Poddar

 

2000

Savitridevi Ramkumar Poddar

 

1000

Uttam Sonraj Oswal

 

1635

Vijay Sonraj Oswal

 

1500

Yogesh Vedprakash Goyal

 

4545

Radharani Premprakash Goyal

 

2817

Sangeeta Vijay Oswal

 

500

Sunil Omprakash Garg

 

4545

 

 

 

Total

 

49995

 

 

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

4.999

4.999

4.999

(b) Reserves & Surplus

689.610

649.470

614.347

(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)

694.609

654.469

619.346

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

(16.985)

(18.082)

(19.850)

(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)

(16.985)

(18.082)

(19.850)

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

52.014

3.399

3.196

(b) Trade payables

25.841

415.663

63.023

(c) Other current liabilities

0.000

0.000

0.000

(d) Short-term provisions

23.351

23.923

17.973

Total Current Liabilities (4)

101.206

442.985

84.192

 

 

 

 

TOTAL

778.830

1079.372

683.688

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

299.965

312.988

337.939

(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

28.159

17.484

17.423

(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

72.975

50.497

28.141

Total Non-Current Assets

401.099

380.969

383.503

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

190.353

187.228

150.138

(c) Trade receivables

77.710

93.404

89.225

(d) Cash and cash equivalents

33.262

272.974

29.981

(e) Short-term loans and advances

40.020

126.961

23.966

(f) Other current assets

36.386

17.836

6.875

Total Current Assets

377.731

698.403

300.185

 

 

 

 

TOTAL

778.830

1079.372

683.688

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

1989.487

1980.000

1679.900

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

75.322

69.829

32.299

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION                    

20.553

20.339

20.744

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX

54.769

49.490

11.553

 

 

 

 

 

 

INCOME TAX PAYMENTS / PROVISION (INCLUSIVE OF DEFERRED AS 22)

10.949

10.514

5.029

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

41.884

36.865

6.150

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

837.75

737.37

NA

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

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 :

Kohinoor Estate Building, Nos. C 1, Office No.15, Mulla Road, Kirkee, Pune – 411003, Maharashtra, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

csadeshpande@gmail.com

 

 

Factory :

Plot No. M-1, Cuncolim Industrial Estate, Concolim – 403703, Goa, India

Tel No.:

91-832-2865648

 

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.