|
Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
BIMLA MARU FASHIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, F-20, East of Kailash, New Delhi – 110024, Delhi
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.01.1999 |
|
|
|
|
Com. Reg. No.: |
098137 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.33.742 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51311DL1999PLC098137 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Fabrics and Garments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 672752 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company 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 |
LOCATIONS
|
Registered Office : |
1st Floor, F-20, East of Kailash, New Delhi – 110024,
Delhi, India |
|
E-Mail : |
NOTE: Telephone numbers are not available.
DIRECTORS
AS ON 17.08.2011
|
Name : |
Mr. Yogesh Maheshwari |
|
Designation : |
Director |
|
Address : |
J-001, Parel Cateway Tower, Sector – 44, Noida – 201303, Uttar
Pradesh, India |
|
Date of Birth/Age : |
10.10.1975 |
|
Date of Appointment : |
01.04.2006 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U18101DL2005PTC135187 |
MULBERRY FABRICS PRIVATE
LIMITED |
Director |
21/04/2005 |
21/04/2005 |
- |
Active |
NO |
|
2 |
U51311DL1999PTC098137 |
BIMLA MARU FASHIONS PRIVATE
LIMITED |
Whole-time director |
01/04/2006 |
01/04/2006 |
- |
Active |
NO |
|
3 |
U13203DL2007PLC165534 |
GSY EUROFIBRES LIMITED |
Director |
05/07/2007 |
05/07/2007 |
- |
Active |
NO |
|
4 |
U18101DL2005PTC135188 |
TRENDSETTERS TEXTILES
PRIVATE LIMITED |
Director |
30/09/2008 |
25/02/2008 |
- |
Active |
NO |
|
5 |
U18101DL2004PTC124283 |
SUN GLOBAL GARMENTS
PRIVATE LIMITED |
Director |
30/09/2008 |
25/02/2008 |
- |
Strike off |
NO |
|
6 |
U51503DL2000PTC107398 |
GODGIFT MARKETING PRIVATE
LIMITED |
Director |
30/09/2010 |
10/03/2010 |
- |
Active |
NO |
|
Name : |
Mr. Sanjay Maheshwari |
|
Designation : |
Director |
|
Address : |
F-20, 1st Floor, East of Kailash, New Delhi – 110065, Delhi,
India |
|
Date of Birth/Age : |
08.02.1970 |
|
Date of Appointment : |
01.04.2006 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U18101DL2004PTC124283 |
SUN GLOBAL GARMENTS
PRIVATE LIMITED |
Director |
23/01/2004 |
23/01/2004 |
- |
Strike off |
NO |
|
2 |
U18101DL2005PTC135188 |
TRENDSETTERS TEXTILES
PRIVATE LIMITED |
Director |
21/04/2005 |
21/04/2005 |
- |
Active |
NO |
|
3 |
U51311DL1999PTC098137 |
BIMLA MARU FASHIONS
PRIVATE LIMITED |
Managing director |
01/04/2006 |
01/04/2006 |
- |
Active |
NO |
|
4 |
U13203DL2007PLC165534 |
GSY EUROFIBRES LIMITED |
Director |
05/07/2007 |
05/07/2007 |
- |
Active |
NO |
|
5 |
U51503DL2000PTC107398 |
GODGIFT MARKETING PRIVATE
LIMITED |
Director |
30/09/2010 |
28/04/2010 |
- |
Active |
NO |
|
Name : |
Mr. Bimla Maheshwari |
|
Designation : |
Director |
|
Address : |
A-148, Sector – 41, Noida – 201303, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.08.1952 |
|
Date of Appointment : |
28.01.1999 |
Other Directorship:
|
.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U51311DL1999PTC098137 |
BIMLA MARU FASHIONS PRIVATE
LIMITED |
Director |
29/01/1999 |
29/01/1999 |
- |
Active |
NO |
|
Name : |
Ms. Sweta Maheshwari |
|
Designation : |
Director |
|
Address : |
J-001, Parel Cateway Tower, Sector – 44, Noida – 201303, Uttar
Pradesh, India |
|
Date of Birth/Age : |
02.05.1980 |
|
Date of Appointment : |
30.09.2009 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U51311DL1999PTC098137 |
BIMLA MARU FASHIONS
PRIVATE LIMITED |
Director |
30/09/2009 |
01/07/2009 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 17.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Maheshwari |
|
416800 |
|
Bimla Maheshwari |
|
202900 |
|
Yogesh Maheshwari |
|
422200 |
|
Vimal Maheshwari |
|
37500 |
|
Nirmala Maheshwari |
|
300000 |
|
Gopal Dass Maheshwari |
|
377500 |
|
Mulberry Fabrics Private Limited, Delhi |
|
450000 |
|
Ritu Maheshwari |
|
375000 |
|
Sweta Maheshwari |
|
375000 |
|
Sanjay Maheshwari (HUF) |
|
4250 |
|
Yogesh Maheshwari (HUF) |
|
5750 |
|
Gopal Dass Maheshwar |
|
5750 |
|
Godalft Marketing Private Limited, Delhi |
|
401550 |
|
Total |
|
3374200 |
AS ON 17.08.2011
|
Category |
Percentage |
|
Bodies corporate |
25.00 |
|
Directors or relatives of Directors |
75.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Fabrics and Garments. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Bankers : |
Bank of India, Janpath Branch, 54 , Janpath, New Delhi - 110001,
Delhi, India |
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
NOTE: Loan from Bank Secured by: Cash Credit / Buyer Credit from Hank Of
Baroda 1.
First
charge by hypothecation on all present and future current assets inclusive of
all stocks and book debts it movable/immovable Assets of the Company. 2.
Collateral
security by way of equitable mortage of property situated at Sector-65,
Noida, Uttar Pradesh. 3.
Collateral
security by way of equitable mortage at Land and Building of Managing Director
at East of Kailash, New Delhi. 4.
Collateral
security by way of equitable mortage of Land and Budding of relative of
Director at Noida sectoMl, Noida, U.P. 5.
Personal
guarantee of all the Directors. 6.
Lien
on FDR with Bank of baroda amounting of Rs.10.323 Millions Cash Credit /Buyer Credit from Standard
Chartered Bank 1.
Hypothecation
of all types of Stocks and Book Debts and Pari Passu charge on current assets
of borrowing entire with existing banks of Bank of Baroda 2.
Collateral
Security: Paru Passu charge by way of Equitable Mortgage on properties as
follow a)
Quasi
Commercial piopertv located at A 12. Sector-65, Moida, owned by Bimla Maru
Fashions (P) Ltd. b)
Residential
properly located at F-2D, East ot Kailash owned by Managing Director. c)
Residential
properly located at A - 148, SectoMl, Noida, owned by relative of Director. 3.
Personal
guarantee of all the Directors. Cash Loans from HDFC Bank Limited 1) Car Loans from HDFC bank are secured against first charge by hypothecation on car. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kumar Mittal and Company Chartered Accountant |
|
Address : |
13,(Basement),Community Centre, East Of Kailash, New Delhi – 110085,
Delhi, India |
|
Tel No.: |
91-11-26236154-55 |
|
Fax No.: |
91-11-26235842 |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3374200 |
Equity Shares |
Rs.10/- each |
Rs.33.742
Millions |
|
|
|
|
|
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 |
|
|
|
|
|
1] Share Capital |
33.742 |
33.742 |
33.622 |
|
|
2] Share Application Money |
55.395 |
55.395 |
52.515 |
|
|
3] Reserves & Surplus |
79.051 |
61.370 |
37.705 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
168.188 |
150.507 |
123.842 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
140.402 |
148.323 |
93.231 |
|
|
2] Unsecured Loans |
4.241 |
6.267 |
16.457 |
|
|
TOTAL BORROWING |
144.643 |
154.590 |
109.688 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
312.831 |
305.097 |
233.530 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
39.561 |
43.876 |
48.432 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.700 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
81.397
|
79.326 |
67.083 |
|
|
Sundry Debtors |
187.114
|
190.666 |
108.299 |
|
|
Cash & Bank Balances |
11.374
|
14.238 |
11.781 |
|
|
Other Current Assets |
0.638
|
0.749 |
0.837 |
|
|
Loans & Advances |
38.764
|
38.997 |
49.307 |
|
Total
Current Assets |
319.287
|
323.976 |
237.307 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
37.909
|
30.740 |
29.091 |
|
|
Provisions |
9.626
|
32.529 |
23.457 |
|
Total
Current Liabilities |
47.535
|
63.269 |
52.548 |
|
|
Net Current Assets |
271.752
|
260.707 |
184.759 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.818 |
0.514 |
0.339 |
|
|
|
|
|
|
|
|
TOTAL |
312.831 |
305.097 |
233.530 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
624.745 |
516.417 |
451.684 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
32.232 |
41.042 |
36.895 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
32.232 |
41.042 |
36.895 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.443 |
4.986 |
5.540 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
27.789 |
36.056 |
31.355 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
10.401 |
12.623 |
11.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
17.388 |
23.433 |
20.195 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.24 |
7.03 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.78
|
4.54 |
4.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.74
|
9.80 |
10.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.24 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.14
|
1.45 |
1.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.72
|
5.12 |
4.52 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office address of the company
has been shifted from C-42, Lajpat Nagar – 11, New Delhi – 110024, Delhi, India
to present w.e.f. 15.05.2008
FORM 8:
|
Corporate identity number of the company |
U51311DL1999PTC098137 |
|
Name of the company |
BIMLA MARU FASHIONS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
1st Floor , F-20 , East of
Kailash, New Delhi - 110024, Delhi, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable Property |
|
Particular of charge holder |
Standard Chartered Bank |
|
Nature of instrument creating charge |
Supplemental Memorandum Of Entry. |
|
Date of instrument Creating the charge |
17/02/2011 |
|
Amount secured by the charge |
Rs.149.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Extent and Operation of the charge Pari Passu Charge. |
|
Short particulars of the property charged |
Equitable Mortgage By Way Of First Pari
Passu Charge Over Company's Immovable Property Situated At Plot No. 12a,
Sector-65, Noida (U.P.) Together With All Buildings And Structures Thereon Or
To Be Thereon. |
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.49.90 |
|
|
1 |
Rs.78.14 |
|
Euro |
1 |
Rs.65.08 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.