MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

THE ANUP ENGINEERING LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

AHMA00478C

 

 

PAN No.:

[Permanent Account No.]

AAACT5733A

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

No. of Employees :

Information denied by the management

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in fabrication of critical process equipment.

 

 

Products :

Item Code No. (ITC Code)

Product Description

841989.01

Pressure Vessels, Reactors

842119.02/

842119.07

Centrifuges

731100.09

Chlorine Containers

 

 

GENERAL INFORMATION

 

Customers :

Consultants

 

·         Engineers India Limited

·         UHDE India Limited

·         Jacob HandG Limited

·         Kvaerner Powergas India Limited

·         Toyo Engineering Limited

·         Linde - West Germany

 

End Clients

 

Pharma Industries:

 

·         Ranbaxy Laboratories Limited

·         DSM Anti-Infectives India Limited

·         Max GB

·         Aventis Crop science

·         Hochest Pharmaceuticals Limited

·         Lupin Laboratories Limited

 

Petrochemicals and Refineries:

 

·         Indian Oil Corporation Limited - Panipat/Haldia/Gauhati/Vadodara

·         Kochi Refineries

·         Hindustan Petroleum Corporation Limited - Vaizag

·         Bharat Petroleum Corporation Limited Mahul, Mumbai

·         Reliance Petrochemicals Industries - Hazira

·         Narmada Chematur Petrochemicals - Bharuch

·         Indian Petrochemicals Corporation Limited Baroda/ Nagothane

 

Gas

 

·         Gas Authority of India Limited

·         Oil and Natural Gas Corporation Limited

·         Reliance Industries

·         Oil India Limited

 

Fertilizers:

 

·         Gujarat State Fertilizer Company Limited

·         Gujarat Narmada Valley Fertilizer Company Limited

·         Rashtriya Chemicals and Fertilizers Limited

·         Indian Farmers Fertilizer Co. Op. Limited

 

Chemicals Dyes and Intermediates:

 

·         Atul Limited. - Valsad

·         National Organic Chemicals Limited. - Mumbai

·         Herdilia Chemicals Limited. - Mumbai

·         Shriram Vinyl and Chemicals Limited. - Kota, Bharuch

 

Pulp and Paper:

 

·         J.K. Industries Limited - raigadh and Kota

·         Hindustan Paper Corporation Limited Naongaon - Meghalaya

 

Power Plants:

 

·         Nuclear Power Corporation Limited - Tarapur, Hyderabad, Kota, Chennai

·         ALSTOM

·         National Thermal Power Corporation Limited

 

Others:

 

·         Bharat Heavy Electricals Limited - Bhopal, Hyderabad, Trichi, Hardwar

·         Andhra Sugars Limited - Tanaku, A.P.

·         HEG Limited - Bhopal

·         I S R O

·         D R D C

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :
  • Bank of Baroda, CFS Branch, First/ Second Floor, BOB Towers, Opposite NCC Ground, Law Garden, Ellisbridge, Ahmedabad – 380009, Gujarat, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Term loan from bank

0.000

2.051

 

 

 

SHORT TERM BORROWINGS

 

 

Working capital loans repayable on demand

 

 

From bank

93.480

216.108

Total

93.480

218.159

 

PARTICULAR

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

SHORT TERM BORROWINGS

 

 

Interest free intercorporate deposits

 

 

From fellow subsidiary

8.503

8.503

 

 

 

Total

8.503

8.503

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

M/S Sorab S Engineer and Company

Chartered Accountants

Address :

909, ATMA House opposite Reserve Bank of India, Ashram Road, Ahmedabad – 380009, Gujarat, India

Tel. No.:

91-79-26584304

Fax No.:

91-79-26589710

E-Mail :

sseahm@hotmail.com

Website :

www.sseco.in

 

 

Holding Company :
  • Arvind Limited

 

 

Fellow Subsidiaries :
  • Arvind Investment Limited
  • Arvind Accel Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.06.2014

 

Names of Shareholders

No. of Shares

Percentage of Holding

Promoter Holding

 

 

Promoters

308791

90.82

Sub-Total

308791

90.82

 

 

 

Non Promoters Holding

 

 

Mutual Funds and Administrator of the Specified Undertaking of Unit Trust of India

--

--

Banks, Financial Institution, Insurance Companies etc.

13848

4.07

Foreign Institutional Investors (FIIS)

--

--

Sub-Total

13848

4.07

 

 

 

Others

 

 

Private Corporate Bodies

5181

1.52

NRIs / OCBs

--

--

State Government

--

--

Indian Public

12180

3.58

Sub-Total

17361

5.11

 

 

 

GRAND TOTAL

340000

100


 

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

34.000

34.000

34.000

(b) Reserves & Surplus

344.100

294.710

293.550

(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)

378.100

328.710

327.550

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

2.051

24.259

(b) Deferred tax liabilities (Net)

28.881

28.671

27.477

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

3.520

2.948

1.752

Total Non-current Liabilities (3)

32.401

33.670

53.488

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

101.983

224.611

201.635

(b) Trade payables

77.130

88.758

189.097

(c) Other current liabilities

69.720

67.542

120.986

(d) Short-term provisions

4.541

0.000

5.130

Total Current Liabilities (4)

253.374

380.911

516.848

 

 

 

 

TOTAL

663.875

743.291

897.886

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

222.923

238.026

252.319

(ii) Intangible Assets

4.272

0.546

0.887

(iii) Capital work-in-progress

0.432

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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

8.580

13.811

6.978

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

236.207

252.383

260.184

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

141.520

170.289

296.205

(c) Trade receivables

250.750

289.658

308.526

(d) Cash and cash equivalents

24.270

19.252

16.667

(e) Short-term loans and advances

11.128

11.709

16.304

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

427.668

490.908

637.702

 

 

 

 

TOTAL

663.875

743.291

897.886

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

 

SALES

 

 

 

 

 

Income

734.471

740.017

877.810

 

 

Other Income

7.024

4.587

8.952

 

 

TOTAL                                    

741.495

744.604

886.762

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of material consumed

403.036

340.663

596.161

 

 

Changes in inventories of finished goods, work-in-progress

0.196

116.992

(37.549)

 

 

Employee benefit expenses

64.484

60.812

58.829

 

 

Other expenses

165.680

175.446

186.719

 

 

TOTAL                                    

633.396

693.913

804.160

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

108.099

50.691

82.602

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

17.918

27.679

35.262

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

90.181

23.012

47.340

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

20.180

20.459

18.782

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

70.001

2.553

28.558

 

 

 

 

 

Less

TAX                                                                 

20.610

1.393

10.476

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

49.391

1.160

18.082

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

287.706

286.546

275.795

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

0.000

0.000

3.400

 

 

Proposed Dividend

0.000

0.000

3.400

 

 

Corporate Dividend Tax on above

0.000

0.000

0.578

 

BALANCE CARRIED TO THE B/S

337.097

287.706

286.546

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export of Goods OFB Basis

76.146

0.270

14.746

 

TOTAL EARNINGS

76.146

0.270

14.746

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

23.950

21.198

40.522

 

 

Capital Goods

--

--

1.521

 

 

Stores and Spares

--

--

0.160

 

TOTAL IMPORTS

23.950

21.198

42.203

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

145.27

3.41

53.25

 

 

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 :

Regular

 

 

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 / Factory 1 :

Behind 66 KV Elec. Sub Station, Odhov Road, Ahmedabad – 382415, Gujarat, India

Tel. No.:

91-79-22870622/ 22872823

Fax No.:

91-79-22870642

E-Mail :

anup@anupengg.com

Website :

http://www.anupengg.com

Area :

5000 Sq. mtr

Location :

Leased

 

 

Factory 2  :

P B No. 1158, Ahmedabad – 380002, Gujarat, 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.