MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

PEE PEE APPLIANCES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CHEP00951G

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

100 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Dealer and Distributor of Home Appliances.

 

 

Imports :

 

Products :

Finish Goods

Countries :

China

 

 

Terms :

 

Selling :

L/C, Credit and Cheque

 

 

Purchasing :

L/C, Credit and Cheque

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers and End Users

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

v      HDFC Bank Limited, Mount Road, Anna Salai, Chennai, Tamilnadu, India

v      HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

HDFC Bank – Term Loan (CBE)

0.000

0.938

HDFC Bank -  Wcdl -II

10.000

18.000

HDFC Bank – Wcdl

100.000

100.000

L.I.C. Loan A/c (Key Man)

(0.129)

0.221

Mahendra and Mahendra Finance Service Limited

0.220

0.223

HDFC Bank Limited A/c Car Loan

0.000

0.300

 

 

 

Total

110.091

119.682

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Champabai

6.002

6.602

Chitra Jain

1.687

1.462

G. P. Enterprises[Loan]

1.597

2.032

Goutham Kumar .P. Jain

5.893

1.993

Matihu Devi

4.636

4.936

Meena Devi

7.240

5.590

P. P. Enterprises

1.333

2.958

Pratik Kumar Jain

0.474

0.500

Pravin Kumar .P. Jain

7.631

5.781

Pravin Kumar P.Jain [Huf)

0.604

0.604

Rekha Jain

6.850

5.400

Saraswathi Bai

0.113

0.113

Sha Jetmull Genmull

6.376

6.376

Uttam Kumar P Jain

7.404

7.204

Vikas Kumar .P. Jain

6.551

6.376

 

 

 

Total

64.391

57.927

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Mardia and Associates

Chartered Accountants

Address :

1, Valliammal Road, Vepery, Chennai – 600007, Tamilnadu, India

Tel. No.:

91-44-26414638/ 42601133

Fax No.:

91-44-26412281

E-Mail :

mardiaassociate@gmail.com

 

 

Associates/Subsidiaries :

v      A.P. Appliances

v      Rasoi Appliances

v      P. P. Appliances

v      Aaa Pee Appliances

v      Hanbao Industries India P Limited

v      Aaa Pee Foundations P Limited

v      Macro Appliances

v      Mint Appliances

v      Pee Pee Exports

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 26.09.2013

 

Names of Shareholders

No. of Shares

Pravin Kumar P Jain

175350

Goutham Kumar P Jain

175350

Uttam Kumar P Jain

135000

Vikas kumar Jain

106750

Meena Devi

32250

Madhu Devi

52500

Rekha Jain

17500

Pratik Kumar P Jain

175000

Dhawanl Jain

15000

Peenal Jain

20000

Gagan Jain

30000

Gujan Jain

30000

Champa Bai

171875

Pukhraj C Jain

167500

Saraswathi Bai

35000

Bhawarlal Jain

52500

Pukhraj C Jain HUF

151625

Vatsal Kumar Jain

20000

 

 

Total

1563200

 

 

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

15.632

15.632

15.632

(b) Reserves & Surplus

20.189

18.096

16.337

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

18.570

17.820

15.000

Total Shareholders’ Funds (1) + (2)

54.391

51.548

46.969

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

174.482

177.609

218.526

(b) Deferred tax liabilities (Net)

0.370

0.443

0.303

(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)

174.852

178.052

218.829

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

13.887

17.195

2.744

(c) Other current liabilities

17.244

47.048

0.125

(d) Short-term provisions

0.577

0.842

1.399

Total Current Liabilities (4)

31.708

65.085

4.268

 

 

 

 

TOTAL

260.951

294.685

270.066

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

31.016

(i) Tangible assets

33.838

39.190

0.000

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

26.239

28.299

22.447

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

60.077

67.489

53.463

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

76.912

60.398

62.992

(c) Trade receivables

121.650

164.563

151.196

(d) Cash and cash equivalents

1.985

1.560

1.820

(e) Short-term loans and advances

0.008

0.080

0.019

(f) Other current assets

0.319

0.595

0.576

Total Current Assets

200.874

227.196

216.603

 

 

 

 

TOTAL

260.951

294.685

270.066

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

258.486

271.368

359.938

 

 

Other Income

8.753

14.532

12.917

 

 

TOTAL                                    

267.239

285.900

372.855

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

261.416

279.826

365.703

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

5.823

6.074

7.152

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

3.227

3.333

2.986

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2.596

2.741

4.166

 

 

 

 

 

Less

TAX                                                                 

0.504

0.982

1.402

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

2.092

1.759

2.764

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

134

1.13

1.77

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (29)

 

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 :

378, Mint Street, Chennai - 600079, Tamilnadu, India

Tel. No. :

91-44-26414638/ 42888999

Fax No. :

Not Available

E-Mail :

sales@ppappliances.com

vikas@ppappliances.com

Website :

www.ppappliances.com   

www.ppagri.com

www.jumboglobal.com

 

 

Administrative Office:

123, Mint Street, Chennai – 600079, Tamilnadu, India

Tel. No. :

91-44-42888999

Fax No. :

91-44-42888989

 

 

Branch Office :

11A, Vedapatty Road, Telungupalayam, Coimbatore – 641039, Tamilnadu, India

Tel. No.:

91-422-2343555

 

 

Warehouse :

No. 1/117, Kamarajar Salai, Perambur, Manali, Chennai - 600068, Tamilnadu, 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.