|
Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ZARDOZI RETAILERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-69(B),1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
29.08.2006 |
|
|
|
|
Com. Reg. No.: |
55-152660 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70109DL2006PTC152660 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing and retailing of
readymade and unstitched ladies ethnic wear. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 43000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is established company having satisfactory track. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered for small to mediocre business dealings
at usual trade 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/ Store 1 : |
F-69(B),1st Floor, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office/ Factory : |
A-203, Sector 83, Phase 2, Noida 201305, |
|
Tel. No.: |
91-120-3047167/ 3047163 |
|
Fax No.: |
91-120-3047168 |
|
E-Mail : |
|
|
|
|
|
Store 2: |
39 The |
|
|
|
|
Store 3: |
Shop No 27 and 28, Shipra Mall, Indira Puram, |
|
|
|
|
Store 4: |
F 160, First Floor, Ambi Mall, Gurgaon, |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mrs. Ameeta Dhody |
|
Designation : |
Director |
|
Address : |
B- 51, Sector 30, Gautam Budh Nagar, Noida - 201301,
Uttar Pradesh. |
|
Date of Appointment : |
07.07.2010 |
|
DIN No.: |
00313803 |
|
|
|
|
Name : |
Mr. Sunil Dhody |
|
Designation : |
Director |
|
Address : |
B- 51, Sector 30, Gautam Budh Nagar, Noida - 201301, |
|
Date of Appointment : |
07.07.2010 |
|
DIN No.: |
00348947 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ameeta Dhody |
|
200000 |
|
Sunil Dhody |
|
200000 |
|
Total |
|
400000 |
AS ON 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing and retailing of
readymade and unstitched ladies ethnic wear. |
|
|
|
|
Products : |
v
Salwar Kameez v
Unstitched Ladies Salwar Suits v
Cotton Lawn Salwar Kameez v
Ladies Kurtas v
Ladies Kurtis v
Ladies Single Kurtas |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
v
State Bank of India, Commercial Branch, Dharam Palace
Complex, Sector 18, Noida 201301, Uttar Pradesh, India v Kotak Mahindra Bank Limited v
ICICI Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Atul Agrawal and Associates Chartered Accountants |
|
Address : |
C - 201, Flex Apartments, Block C58/22, Sector 62, Noida 201301, |
|
Income-tax
PAN of auditor or auditor's firm : |
ABNPA9389C |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
|
|
400000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.000 Millions |
||
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.000 |
2.000 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6.983 |
3.369 |
1.796 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.983 |
5.369 |
1.896 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.681 |
17.433 |
18.455 |
|
|
2] Unsecured Loans |
4.324 |
9.673 |
15.213 |
|
|
TOTAL BORROWING |
20.005 |
27.106 |
33.668 |
|
|
DEFERRED TAX LIABILITIES |
0.550 |
1.032 |
0.770 |
|
|
|
|
|
|
|
|
TOTAL |
31.538 |
33.507 |
36.334 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.282 |
9.327 |
10.158 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.028 |
20.000 |
16.503 |
|
|
Sundry Debtors |
11.882 |
4.758 |
6.114 |
|
|
Cash & Bank Balances |
0.579 |
0.846 |
0.984 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
11.232 |
9.344 |
7.274 |
|
Total
Current Assets |
40.721 |
34.948 |
30.875 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
14.117 |
10.784 |
6.347 |
|
|
Other Current Liabilities |
5.235 |
2.754 |
1.507 |
|
|
Provisions |
0.912 |
0.430 |
0.445 |
|
Total
Current Liabilities |
20.264 |
13.968 |
8.299 |
|
|
Net Current Assets |
20.457 |
20.980 |
22.576 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
2.799 |
3.200 |
3.600 |
|
|
|
|
|
|
|
|
TOTAL |
31.538 |
33.507 |
36.334 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
57.515 |
47.571 |
43.446 |
|
|
|
Other Income |
0.003 |
1.212 |
0.002 |
|
|
|
TOTAL |
57.518 |
48.783 |
43.448 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
24.432 |
19.879 |
17.804 |
|
|
|
Direct Overheads |
11.272 |
7.421 |
5.114 |
|
|
|
Payments and Benefits to Employees |
3.122 |
2.703 |
3.098 |
|
|
|
Administrative and Other Expenses |
13.191 |
11.874 |
9.745 |
|
|
|
TOTAL |
52.017 |
41.877 |
35.761 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
5.501 |
6.906 |
7.687 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST AND
OTHER EXPENSE |
3.023 |
3.756 |
3.914 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.478 |
3.150 |
3.773 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.865 |
0.862 |
0.761 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.613 |
2.288 |
3.012 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.715 |
1.216 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
1.613 |
1.573 |
1.796 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS BALANCE BROUGHT FORWARD |
3.169 |
1.696 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.100 |
0.100 |
0.100 |
|
|
BALANCE CARRIED
TO THE B/S |
4.682 |
3.169 |
1.696 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.03 |
11.44 |
N.A. |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.80
|
3.22 |
4.13 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.80
|
4.81 |
6.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.29
|
5.17 |
7.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.43 |
1.59 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.67
|
7.65 |
22.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.01
|
2.50 |
3.72 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constitution of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoters background |
Yes |
|
8. No. of Employees |
No |
|
9. Name of person contacted |
No |
|
10. Designation of contact person |
No |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
Yes |
|
13. Reasons for variation <> 20% |
-- |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
-- |
|
22. Litigations that the firm / promoter involved |
-- |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
-- |
|
26. Buyer visit details |
-- |
|
27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
No |
|
30. Major Shareholders, if available |
Yes |
Note: The Registered Address of the Company has been
shifted from E 7, South Extension Part II,
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U70109DL2006PTC152660 |
|
Name of the
company |
ZARDOZI RETAILERS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
F-69(B), Ist
Floor, Select City Walk, Saket, New |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10065859 |
|
Type of charge |
Immovable property Book Debts Movable Property |
|
Particular of
charge holder |
State Bank of
India, Commercial Branch, Dharam Palace Complex, Sector 18, Noida 201301,
Uttar Pradesh, India Email ID: sbi.04077@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Arrangement |
|
Date of
instrument Creating the charge |
01.11.2011 |
|
Amount secured by
the charge |
Rs. 21.600
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 5.75% + Base Rate
with a Minimum of 15.75% P.A. Terms of Repayment Repayable on
Demand (Sanction Valid For 12 Months) Margin Fund based limit 1. Raw material,
semi finished goods and finished goods - 25% 2. Domestic
receivables - 40% Non fund based
limits Letter of credit
- 25% Extent and Operation of the charge As Per Agreement |
|
Short particulars
of the property charged |
(1)Hypothecation
of current assets of the company including stocks of raw material, semi
finished goods, finished goods including goods in transit, receivables +
other current assets present and future. (2) Cash Margin@
25%. (3)Equitable
Mortgage of Factory Land And Building at 203-A, Sector - 83, Noida Measuring
450 Sqm in the name of Smt. Ameeta Dhodhy w/o Shri Suneel Dhodhy. (4) Extention of
charge on the entire fixed assets of the company. |
|
Date of latest
modification prior to the present modification |
11.05.2010 |
|
Particulars of
the present modification |
Existing FB CC
limit enhanced from Rs. 12.500 Millions to Rs. 15.000 Millions Fresh FB SLC
limit Rs. 1.500 Millions Fresh NFB ILC/FLC
limit Rs. 5.000 Millions Fresh forwards
contract booking limit Rs. 0.100 Million (notional amount Rs. 5.000 Millions) |
FIXED ASSETS
v Building
v Computer System
v Invertor and UPS
v Office Equipments
v Plant and Machinery
v Bicycle
v Motor Car
v Furniture and Fixtures
v
Showroom Special Structure
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 Intl
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 companys 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. 55.36 |
|
|
1 |
Rs. 85.64 |
|
Euro |
1 |
Rs. 69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
41 |
This score serves as a reference to assess SCs 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.