|
Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIRAAT TEX FAB PRIVATE LIMITED |
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|
|
|
Registered
Office : |
At Post Khede, Mukkam - Sutrepada, Taluka Dhule – 424 302, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
14.06.2005 |
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Com. Reg. No.: |
11-153968 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U17120MH2005PTC153968 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Textile and Textile Articles. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Yet to commence business |
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|
|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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|
Comments : |
Though the company was incorporated in 2005, it is yet to commence its
commercial business activities. Payment terms are not known. The company can be considered for business dealings on a secured 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/ Factory : |
At Post Khede, Mukkam - Sutrepada, Taluka Dhule – 424 302, |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 18.08.2011
|
Name : |
Mrs. Ruchi Vinay Patil |
|
Designation : |
Director |
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Address : |
302, |
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Date of Birth/Age : |
16.08.1971 |
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Date of Appointment : |
29.06.2007 |
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DIN No.: |
00522834 |
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|
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Name : |
Mr. Jagdishchandra Dattatray Bhosle |
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Designation : |
Additional Director |
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Address : |
8/1, Kamgar Nagar No.1, New |
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Date of Birth/Age : |
05.07.1978 |
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Date of Appointment : |
01.11.2011 |
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DIN No.: |
00534399 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Suresh Balkrishna Shelar |
|
5000 |
|
Amit Bhagwant Puranik |
|
5000 |
|
Total
|
|
10000 |
As on 16.05.2012
|
Names of Allottees |
|
No. of Shares |
|
Ruchi Vinay Patil |
|
120000 |
|
Jagdish Bhosle |
|
120000 |
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Total
|
|
240000 |
As on 18.08.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
50.00 |
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Other
top fifty shareholders |
|
50.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Textile and Textile Articles. |
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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 : |
v
Axis Bank Limited, Andheri Branch, Royal Accord IV,
Lokhandwala Complex, Andheri (West), Mumbai – 400 053, Maharashtra, India v
State Bank of India, SME Branch,
Shivsagar Estate, Dr. Annie Besant Road, Worli (South), Mumbai – 400 018,
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 - 400 002, |
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Tel. No.: |
91-22-65791224/ 66154195 |
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Mobile No.: |
91-9324725156/ 9323450396 |
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Income-tax
PAN of auditor or auditor's firm : |
AABPA9113F |
CAPITAL STRUCTURE
After 18.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
As on 18.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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|
|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
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|
|
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|
1] Share Capital |
0.100 |
0.100 |
0.100 |
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|
2] Share Application Money |
0.206 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.306 |
0.100 |
0.100 |
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|
LOAN FUNDS |
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|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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TOTAL |
0.306 |
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 |
0.076 |
0.076 |
0.076 |
|
|
|
|
|
|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000
|
0.000 |
|
|
Cash & Bank Balances |
0.114
|
0.054
|
0.077 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans, Advances & Deposits |
0.000
|
0.000
|
0.000 |
|
Total
Current Assets |
0.114
|
0.054
|
0.077 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.131
|
0.127 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
0.008
|
0.008
|
0.004 |
|
Total
Current Liabilities |
0.008
|
0.139
|
0.131 |
|
|
Net Current Assets |
0.106
|
(0.085)
|
(0.054) |
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|
MISCELLANEOUS EXPENSES |
0.124 |
0.109 |
0.078 |
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|
|
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|
|
|
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TOTAL |
0.306 |
0.100 |
0.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
|
|
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|
|
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|
Income |
0.000 |
0.000 |
0.000 |
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|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.000 |
0.000 |
0.000 |
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|
Less |
TOTAL EXPENSES |
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 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.00
|
0.00
|
0.00
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00
|
0.00
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
0.00
|
0.00
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00
|
0.00
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
0.03 |
1.39
|
1.31 |
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|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
14.25 |
0.39
|
0.59 |
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) Constitutions
of the firm |
Yes |
|
4) Premises
details |
No |
|
5) Type of
Business |
Yes |
|
6) Line of
Business |
Yes |
|
7) Promoter’s
background |
Yes |
|
8) No. of
employees |
No |
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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 (if applicable) |
No |
|
21) Market
information |
-- |
|
22) Litigations that
the firm / promoter involved in |
-- |
|
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 |
Yes |
|
30) Major
Shareholders, if available |
Yes |
Note:
The registered office of the company has been shifted from H-43,
Dr. Babasaheb Ambedkar Nagar, Parel Village, Mumbai – 400 012, Maharashtra to
the present address w.e.f. 01.12.2008.
BUSINESS ACTIVITY:
The company has not carried on any commercial activities during the
year. The management is hopeful to commence activities very soon and waiting
for future opportunities.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U17120MH2005PTC153968 |
|
Name of the
company |
VIRAAT TEX FAB PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
At Post Khede, Mukkam - Sutrepada, Taluka Dhule – 424 302, E-Mail: cs@samruddha.net |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
State Bank of E-Mail: kamalax_saraf@hotmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
Loan-cum-Hypothecation (SME-2) |
|
Date of
instrument Creating the charge |
10.05.2012 |
|
Amount secured by
the charge |
Rs.7.500 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Term Loan: 3.25%
Above base rate +1.00% (term premium) which is presently 10.00% p.a. rising
or falling there with, on daily products with monthly rests, present effect
rate 14.25% p.a. Margin: Term Loan/DPG:
25% Extent and
Operation of the charge: Term Loan:
Rs.7.500 millions |
|
Short particulars
of the property charged |
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.55.85 |
|
|
1 |
Rs.87.93 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.