MIRA
INFORM REPORT
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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
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Name : |
KIMAYA TEXTILE PRIVATE LIMITED |
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Registered
Office : |
At Post Khede, Mukkam – Sutrepada, Taluka Dhule – 424302, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
07.04.2006 |
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Com. Reg. No.: |
11-161017 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Millions |
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CIN No.: [Company Identification
No.] |
U51311MH2006PTC161017 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NSKK03209D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Fabrics. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Yet to commence business activity |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Though the company was incorporated in the year 2006. But they have not
commerce their business activity. As conform with Mr. Vijay (Export Manger)
Company will stated their business activity from September 2012. Payment are
unknown. The company can be considered for business dealings on a safe and
secure trade terms and conditions.
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
At Post Khede, Mukkam – Sutrepada, Taluka Dhule – 424302,
Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9769111237 (Mr. Vijay) |
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Fax No.: |
Not Available |
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E-Mail : |
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Branch Office : |
Shivsagar, Dr. Annie Besnat Road, Worli, Mumbai, Maharashtra, India |
DIRECTORS
As on 18.08.2011
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Name : |
Mr. Sudhakar Bhivsan Patil |
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Designation : |
Director |
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Address : |
9 Dr. Hemant Deshmukh Housing Society, Near Shree Krishna Nagar,
Deopur Dhule – 424002, Maharashtra, India |
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Date of Birth/Age : |
17.12.1963 |
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Date of Appointment : |
07.04.2006 |
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DIN No.: |
01365756 |
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Name : |
Mr. Sambhaji Bankat Patil |
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Designation : |
Director |
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Address : |
Plot No. 4, Sector No.2, Pramod Nagar, Nakane Road, Dhule – 424002,
Maharashtra, India |
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Date of Birth/Age : |
15.08.1965 |
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Date of Appointment : |
07.04.2006 |
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DIN No.: |
01367175 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay |
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Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.08.2011
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Names of Shareholders |
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No. of Shares |
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Sudhakar Bhivsan Patil |
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5000 |
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Sambhaji Bankat Patil |
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5000 |
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Total |
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10000 |
As on 17.05.2012
List of Allottes
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Names of Allottes |
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No. of Shares
Allotted |
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Sudhakar Bhivsan Patil |
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120000 |
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Sambhaji Bankat Patil |
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120000 |
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Total |
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240000 |
As on 18.08.2011
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Fabrics. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of India, SME Branch, Shivsagar
Estate, Worli (South), Dr. A. B. Road, Mumbai - 400018, Maharashtra, India ·
Axis Bank Limited, Andheri Branch, Royal Accord
IV, Lokhandwala Complex, Andheri (West),
Mumbai - 400053, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N. Ambawat and Associates Chartered Accountants |
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Address : |
Office No. 30, 2nd Floor, 132-C, Bhagatwadi, Bhuleshwar, Mumbai –
400002, Maharashtra, India |
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Tel. No.: |
91-22-65791224 / 66154195 |
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Mobile No.: |
91-9324725156 / 9323450396 |
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PAN.: |
AABPA9113F |
CAPITAL STRUCTURE
After 18.08.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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As on 31.03.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.569 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.669 |
0.100 |
0.100 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.669 |
0.100 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
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Capital work-in-progress |
0.044 |
0.044 |
0.044 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
0.000
|
0.000 |
0.000 |
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Cash & Bank Balances |
0.123
|
0.064 |
0.083 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
0.400
|
0.000 |
0.000 |
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Total
Current Assets |
0.523
|
0.064 |
0.083 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.000
|
0.094 |
0.090 |
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
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Provisions |
0.008
|
0.008 |
0.005 |
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Total
Current Liabilities |
0.008
|
0.102 |
0.095 |
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Net Current Assets |
0.515
|
(0.038) |
(0.012) |
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MISCELLANEOUS EXPENSES |
0.110 |
0.094 |
0.068 |
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TOTAL |
0.669 |
0.100 |
0.100 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
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Other Income |
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TOTAL |
0.000 |
0.000 |
0.000 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
0.000 |
0.000 |
0.000 |
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PROFIT BEFORE
TAX |
0.000 |
0.000 |
0.000 |
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Less |
TAX |
0.000 |
0.000 |
0.000 |
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PROFIT AFTER TAX
|
0.000 |
0.000 |
0.000 |
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Earnings Per
Share (Rs.) |
0.00 |
0.00 |
0.00 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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PAT / Total Income |
(%) |
0.00
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0.00
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0.00
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Net Profit Margin (PBT/Sales) |
(%) |
0.00
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0.00
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0.00
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
0.00
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0.00
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Return on Investment (ROI) (PBT/Networth) |
|
0.00
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0.00
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0.00
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Debt Equity Ratio (Total Liability/Networth) |
|
0.01
|
1.02 |
0.95 |
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Current Ratio (Current Asset/Current Liability) |
|
65.38
|
0.63 |
0.87 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
No |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
Yes |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
No |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
Yes |
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30) Major Shareholders, if available |
Yes |
NOTE:
The registered office address of the company has been shifted from
“Patil Nagar, behind Srikrishna Nagar, Deopur, Dhule, Maharashtra, India”
w.e.f. 10.11.2008.
BUSINESS ACTIVITY:
The company has not carried on any commercial activities during the
year. The management is hopeful to commence commercial activities very soon and
waiting for future opportunities.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51311MH2006PTC161017 |
|
Name of the company |
Kimaya Textile Private Limited |
|
Address of the registered office or of the principal place of business in India of the company |
At Post Khede, Mukkam – Sutrepada, Taluka Dhule – 424302, Maharashtra, India E-mail : cs@samruddha.net |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
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Particular of charge holder |
State Bank of India, SME Branch, Shivsagar Estate, Worli (South), Dr. A. B. Road, Mumbai - 400018, Maharashtra, India E-mail : kamalax_saraf@hotmail.com |
|
Nature of instrument creating charge |
Agreement of loan - cum – hypothecation |
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Date of instrument Creating the charge |
14.05.2012 |
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Amount secured by the charge |
Rs.7.400 Millions |
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Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 3.25% above base rate + 1.00% (term premium) which is presently 10.00% p.a. rising or falling therewith, on daily products with monthly rests. Present effective rate = 14.25% p.a. Terms of Repayment To be repaid within 92 months including moratorium period of 11 months. The repayment at quarterly interval starting from April 2013. Details as per schedule a of agreement of loan - cum –hypothecation Margin Term Loan/ DPG : 25% Extent and Operation of the charge Term Loan : Rs.7.400 Millions |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Hypothecation of looms, compressor and other movable assets acquired out of bank finance. |
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 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.54.81 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.69.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
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.