1. Summary Information
|
|
|
Country |
India |
|
Company Name |
GENUS APPARELS |
Principal Name 1 |
Mr. Amit Agarwal |
|
Status |
Satisfactory |
Principal Name 2 |
Genus Apparels Limited |
|
|
|
Registration # |
-- |
|
Street Address |
D-116, Okhla Industrial Area, Phase-I, New Delhi-110020, India |
||
|
Established Date |
18.09.1992 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Hi-fashion Garments |
|
|
# of employees |
Approximately 500 |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
30,000,000/- |
Product Name 3 |
--- |
|
Shareholders |
-- |
Banking |
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister
Company |
India |
Kailash Coal and Coke Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
250,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
21.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
GENUS APPARELS (w.e.f. 04.11.2011) |
|
|
|
|
Formerly Known
As : |
L.M. SAGAR EXPORTS |
|
|
|
|
Registered
Office : |
D-116, Okhla Industrial Area, Phase-I, New Delhi-110020 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.09.1992 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 30.000 Millions |
|
|
|
|
IEC No.: |
0592036821 |
|
|
|
|
TIN No.: |
06491218927 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAFL0957F |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Trader of knitted and Hi-fashion garments
for Women, Men and Children. |
|
|
|
|
No. of
Employees: |
Approximately 500 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established partnership concern having satisfactory
track. The concern is doing well. Trade relations are reported as fair. Business
is active. Payments are reported to be usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. C P Shahee |
|
Designation : |
Manager |
|
Contact No.: |
91-9818994981 |
|
Date : |
16.11.2011 |
LOCATIONS
|
Registered Office : |
D-116, Okhla Industrial Area, Phase-I, New Delhi-110020, India |
|
Mobile No.: |
91-9818994981 (Mr. C P Shahee) |
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 5, Site-2, Lajwanti Complex, 14/3 Mathura Road,
Faridabad-121003, Haryana, India |
|
Tel. No.: |
91-129-4095900/ 2252546/ 2252750 |
|
Fax No.: |
91-129-2252751 |
|
E-Mail : |
|
|
Area : |
Owned |
PARTNERS
|
Name : |
Mr. Amit Agarwal |
|
Designation : |
Partner |
|
Address : |
25, Jawahar Nagar, Gandhi Nagar, Galsheed, Moradbad-244001, Uttar
Pradesh, India |
|
Date of Appointment : |
24.11.2003 |
|
|
|
|
Name : |
Genus Apparels Limited |
|
Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. C P Shahee |
|
Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Trader of knitted and Hi-fashion garments
for Women, Men and Children. |
|
|
|
|
Exports : |
|
|
Products : |
Hi-Fashion Garments for Women, Men and Children |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30 Days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and Others |
|
|
|
|
No. of Employees : |
Approximately 500 |
|
|
|
|
Bankers : |
Bank of India, Paras Cinema Building, Nehru Place, New Delhi-110019,
India Account No.: 601830110000004 |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Not Available |
|
|
|
|
Sister Concern : |
Kailash Coal and
Coke Company Limited: Kailash Coal and Coke Company Limited is primarily engaged in trading
of coal and coke, mostly by rakes from North- Eastern India, Rajniganj, Jharia,
Ramgarh and other coal fields from time to time, based on availability. These
rakes are transported by Rail/ Road, and are supplied to industries and brick
kilns across the state of Uttar Pradesh, India Virtuous Urja
Limited Virtuous Urja Limited is engaged in high-quality coal import and
trading services for industrial clients and power plants. They have an
end-to-end solution delivery model for coal handling, custom clearance and
logistics services. VUL currently imports non-coking coal from Indonesia
Through ports in Gujarat and Tamilnadu, and plans to import both coking and
non-coking coal from other countries around the world. Genus Paper
Products Limited: Genus Paper Products Limited manufacturers kraft paper, MS ingots and
particle boards. In view of the rapidly growing demand for paper, the company
has recently stepped up its production capacity by installing a waste paper
based 140 TPD multi layer kraft paper plant. Their current manufacturing
capacities are 250 MT/ day for kraft paper, 40 MT/ day for particle board and
200 MT/ day for induction furnace. The company imports waste paper from USA
and European Countries. Genus
International Commodities Limited: Genus International Commodities Limited is involved in domestic and international
trading of goods and services. Its wholly owned subsidiary, Gobionics Pte
Limited, Singapore, activity explores
import-export opportunities and assists with procurement of raw materials, components and finished
products. Genus Power
Infrastructure Limited: Genus is a world leader in modern power metering solutions, and a
force to reckon with in the power distribution and management sector. Genus
has a global meter installation base over 15 million and is one of the
leading manufacturers of advanced power utilites like inverters, home UPS and
batteries in India. Genus Innovation
Limited: GIL manufacturers pure sine wave power inverters and electronic energy
meters nad offers contract manufacturing services for electronic products. Genus Electrotech
Limited: Genus Electrotech Limited is one of the fastest emerging manufacturing
companies in the electrical and electronics sector in India. They have a
state-fo-the-art- manufacturing facility and dedicated team of engineers and skilled
personnel. The company is an OEM manufacturer for various national and
international brands in the consumer durables space and manufacturers colour
television and LCD TVs besides printed circuit boards, cables, and various
other products. |
CAPITAL STRUCTURE
As on 31.03.2011
|
Capital Investment : |
|
|
Owned : |
Rs. 30.000 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 30.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
250.000 |
The above information has been parted by Mr. C O Shahee (Manager).
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the firm |
Yes |
|
Constitutions of the firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
-- |
|
No. of Employees |
Yes |
|
Name of person Contacted |
Yes |
|
Designation of contact person |
Yes |
|
Turnover of firm for last 1 year |
Yes |
|
Profitability for last three years |
No |
|
Reasons for Variation <> 20%` |
-- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concern |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payment Terms |
Yes |
|
Export/ Import Details (If applicable) |
Yes |
|
Market Information |
-- |
|
Litigations that the firm/ Promoter involved in |
-- |
|
Banking Details |
Yes |
|
Banking Facility details |
-- |
|
Conduct of the banking account |
-- |
|
Buyer visit details |
-- |
|
Financials, fi provided |
No |
|
Incorporation details, if applicable |
-- |
|
Last accounts filed at ROC |
-- |
|
Major Shareholders , if available |
-- |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
|
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.69.26 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.