MIRA
INFORM REPORT
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Report Date : |
12.03.2012 |
IDENTIFICATION DETAILS
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Name : |
DETILISH RUGS PRIVATE LIMITED |
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Registered
Office : |
Building No. 134, Ward No. 1, Mannanchery Panchayath, Valavanadu,
Kalavoor PO, Alappuzha – 688 522, Kerala |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.08.2005 |
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Com. Reg. No.: |
09-18509 |
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Capital
Investment / Paid-up Capital : |
Rs.3.998 millions |
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CIN No.: [Company Identification
No.] |
U17226KL2005PTC018509 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
TVDD00422C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Handicrafts, Carpets, Rugs etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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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, initially. |
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 : |
Building No. 134, Ward No. 1, Mannanchery Panchayath, Valavanadu,
Kalavoor PO, Alappuzha – 688 522, Kerala, India |
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Tel. No.: |
91-478-2863017/ 2863185/ 2860957/ 2269923 (R) |
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Fax No.: |
91-478-2863019/ 2863010 |
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E-Mail : |
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Website : |
DIRECTORS
(AS ON 30.09.2010)
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Name : |
Mr. Konath Jacob Dennis |
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Designation : |
Director |
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Address : |
Coco Dale, M. O. Ward, Alappuzha – 688 011, |
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Date of Birth/Age : |
09.10.1956 |
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Date of Appointment : |
08.08.2005 |
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DIN No.: |
00121856 |
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Other Directorship : |
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Name : |
Mrs. Sholly Dennis |
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Designation : |
Director |
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Address : |
Coco Dale, M. O. Ward, Alappuzha – 688 011, |
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Date of Birth/Age : |
04.11.1957 |
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Date of Appointment : |
08.08.2005 |
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DIN No.: |
01534821 |
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Other Directorship : |
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KEY EXECUTIVES
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Name : |
Mr. Byju Kannot |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
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Names of Shareholders |
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No. of Shares |
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K. J. Dennis |
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394780 |
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Sholly Dennis |
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5000 |
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Total |
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399780 |
(AS ON 30.09.2010)
Equity Shares Break – up
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Handicrafts, Carpets, Rugs etc. |
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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 : |
Not Available |
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Facilities : |
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Banking Relations
: |
-- |
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Financial
Institute: |
·
Kerala Financial Corporation, Branch Office: Kumaranasan Smaraka
Mandiram, Court Road, Alappuzha – 688001, Kerala, India |
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Auditors : |
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Name : |
K K Padmanabha Pillai and Company Chartered Accountants |
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Address : |
Deepthi, Palaceward, Alapuzha - 688 010, Kerala, India |
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Tel No.: |
91-477-2261179 |
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PAN No.: |
AGUPP1834H |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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399780 |
Equity Shares |
Rs.10/- each |
Rs.3.998 millions |
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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 |
3.998 |
3.998 |
3.998 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
(0.062) |
(0.058) |
(0.013) |
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NETWORTH |
3.936 |
3.940 |
3.985 |
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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 |
10.352 |
10.352 |
10.352 |
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TOTAL BORROWING |
10.352 |
10.352 |
10.352 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
14.288 |
14.292 |
14.337 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
14.408 |
14.408 |
14.058 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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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
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0.000
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Sundry Debtors |
0.000 |
0.000 |
0.000 |
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Cash & Bank Balances |
0.000 |
0.000 |
0.000 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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Loans & Advances |
0.000 |
0.000 |
0.000 |
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Total
Current Assets |
0.000 |
0.000 |
0.000 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
0.426
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0.421
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0.008 |
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Other Current Liabilities |
0.000
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0.000
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0.000 |
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Provisions |
0.006
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0.006
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0.012 |
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Total
Current Liabilities |
0.432
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0.427
|
0.020 |
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Net Current Assets |
(0.432)
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(0.427)
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(0.020) |
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MISCELLANEOUS EXPENSES |
0.312 |
0.311 |
0.299 |
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TOTAL |
14.288 |
14.292 |
14.337 |
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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 |
0.000 |
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Other Income |
0.000 |
0.000 |
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TOTAL |
0.000 |
0.000 |
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Less |
EXPENSES |
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TOTAL |
0.005 |
0.058 |
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PROFIT BEFORE
TAX |
(0.005) |
(0.058) |
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Not Available |
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Less |
TAX |
0.000 |
0.000 |
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PROFIT AFTER TAX
|
(0.005) |
(0.058) |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
(0.005) |
(0.058) |
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Earnings Per
Share (Rs.) |
(0.01) |
NIL |
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KEY RATIOS
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PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(0.03)
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(0.40)
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NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.00
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(0.01)
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NA |
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Debt Equity Ratio (Total Liability/Networth) |
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2.74
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2.74
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2.60 |
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Current Ratio (Current Asset/Current Liability) |
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0.00
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0.00
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0.00 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U17226KL2005PTC018509 |
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Name of the
company |
DETILISH RUGS
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Building No. 134, Ward No. 1, Mannanchery Panchayath, Valavanadu,
Kalavoor PO, Alappuzha – 688 522, Kerala, India |
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Type of charge |
Immovable
Property |
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Particular of
charge holder |
Kerala Financial Corporation, Branch Office: Kumaranasan Smaraka
Mandiram, Court Road, Alappuzha – 688 001, Kerala, India Email: kfcaip@bsnl.inm
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Nature of
description of the instrument creating or modifying the charge |
Declaration in
the matter of Equitable Mortgage. |
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Date of
instrument Creating the charge |
26.06.2009 |
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Amount secured by
the charge |
Rs.80.000
millions |
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest 14% p.a on monthly
rest with 2% penal interest for the defaulted amount (interest and principal)
for the defaulted period on compound basis and 2% rebate for prompt payment. Terms of
Repayment The principal
amount of the loan shall be repaid in 96 monthly installments commencing from
the end of 6th month of drawl of the first installment of the loan. Margin 25% Extent and
Operation of the charge Continuing charge
till the full repayment of principal and interest thereon. |
|
Short particulars
of the property charged |
2.54 Hecotrs of
property in Sy. No. 28/5-2, 28/7-3, 28/7-2, 28/4-3, 28/4-2, 28/4-1, 25/6-7,
25/6-8, 29/1, 28/1, 29/3 and 29/2 situated in Kanjikkuzhy Village, Cherthala
Talulk, Alappuzha District, Kerala, India |
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.50.02 |
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|
1 |
Rs.79.01 |
|
Euro |
1 |
Rs.66.18 |
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.