MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

WATERWINGS EQUIPMENTS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEW01372A

 

 

PAN No.:

[Permanent Account No.]

AAACW6398L

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Water and Waste Water Treatment Equipments and Services.

 

 

Products :

Item Code No. (ITC Code)

Product Description

99532533

Water & Waste Water Treatment Plants

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         Bhagini Nivedita Sahakari Bank Limited

Narayan Peth Branch, Narayan Peth, Pune - 411030, Maharashtra, India

 

·         Kotak Mahindra Bank Limited

36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Millions)

31.03.2013

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Loans repayable on demand from bank

0.000

17.095

 

 

 

Total

0.000

17.095

 

Banking Relations :

 

 

 

Auditors :

 

Name :

 

Address :

Batliboi and Purohit

Chartered Accountants

Tel. No.:

National Insurance Building, 204, Dadabhoy Naoroji Road, Fort, Mumbai – 400001, Maharashtra, India

PAN No. :

AAAFB0915F

 

 

Fellow Subsidiary company :

·         Aquamall Water Solutions Limited [U29219AP1980PLC002851]

Forbes Lux FXCO

Radiant Energy Systems Private Limited [U31200MH1988PTC045887]

 

 

Holding company :

·         Eureka Forbes Limited [U27109WB1931PLC007010]

Forbes and Company Limited [L17110MH1919PLC000628]

 

 

Ultimate Holding company :

Shapoorji Pallonji And Company Limited [U45200MH1943PLC003812]

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 05.06.2013

 

Names of Shareholder

No. of Shares

Eureka Forbes Limited, India

49994

Eureka Forbes jointly with J. N. Ichhaporia

1

Eureka Forbes Limited jointly with A. V. Suresh

1

Eureka Forbes jointly with R. S. Moorthy

1

Eureka Forbes Limited jointly with Vilas Dalvi

1

Eureka Forbes jointly with Kavita Gandhi

1

Eureka Forbes jointly with Rajnish Sethia

1

 

 

Total

50000

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.500

0.500

0.500

(b) Reserves & Surplus

4.281

10.349

10.843

(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)

4.781

10.849

11.343

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(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

0.028

0.041

0.133

Total Non-current Liabilities (3)

0.028

0.041

0.133

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

17.095

0.000

(b) Trade payables

51.802

37.804

27.704

(c) Other current liabilities

1.145

3.233

5.256

(d) Short-term provisions

0.798

0.600

0.627

Total Current Liabilities (4)

53.745

58.732

33.587

 

 

 

 

TOTAL

58.554

69.622

45.063

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3.835

4.331

1.113

(ii) Intangible Assets

0.396

0.579

0.122

(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)

0.270

0.100

0.063

(d)  Long-term Loan and Advances

4.098

2.090

2.195

(e) Other Non-current assets

0.872

1.292

1.179

Total Non-Current Assets

9.471

8.392

4.672

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

11.223

9.651

7.398

(c) Trade receivables

30.927

50.029

29.948

(d) Cash and cash equivalents

4.579

0.152

1.920

(e) Short-term loans and advances

2.334

1.398

1.066

(f) Other current assets

0.020

0.000

0.059

Total Current Assets

49.083

61.230

40.391

 

 

 

 

TOTAL

58.554

69.622

45.063

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                    

169.233

172.605

158.949

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

174.329

161.353

145.812

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

(5.096)

11.252

13.137

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

1.143

0.886

0.338

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(6.239)

10.366

12.799

 

 

 

 

 

Less

TAX                                                                 

(0.170)

3.305

3.936

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

(6.069)

7.061

8.863

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

0.649

1.843

1.535

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

0.000

0.700

1.000

 

 

Interim Dividend

0.000

6.500

6.500

 

 

Proposed Final Dividend

0.000

0.000

0.000

 

 

Tax on Dividend

0.000

1.055

1.055

 

BALANCE CARRIED TO THE B/S

(5.420)

0.649

1.843

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(121.38)

141.21

177.25

 

 

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 :

D-8/10, Popular Nagar, Warje, Pune – 411058, Maharashtra, India

Tel. No.:

91-20-25232607/ 25233921

Fax No.:

91-20-25232607/ 25233921

E-Mail :

mallarlaw@vsnl.net

info@waterwingsindia.com

nilima@waterwingsindia.com

appasaheb@waterwingsindia.com

Website :

http://www.waterwingsindia.com

Location :

Owned

 

 

Factory :

S. No. 82/08, Dangat Patil Nagar, Shed No. 03, Shivane, Pune – 411023, Maharashtra, India

Tel. No.:

91-20–67239700

 

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.