|
Report Date : |
12.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
YOGI COTEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4A, Vikas Centre, 104, S V Road, Santacruz (West), Mumbai-400054,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
05.03.2012 |
|
|
|
|
Com. Reg. No.: |
11-227654 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17200MH2012PTC227654 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Textile, Yarn, Fabric, Terry Towel |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company establishing itself gradually company has
successful complete first six month of business. Trade relations are reported
to be fair. Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Ms. Anshree |
|
Designation : |
Compliance Officer |
|
Contact No.: |
91-9975990863 |
|
Date : |
11.10.2012 |
LOCATIONS
|
Registered Office : |
4A, Vikas Centre, 104, S V Road, Santacruz (West), Mumbai-400054,
Maharashtra, India |
|
Tel. No.: |
91-22-26600148 |
|
Mobile No.: |
91-9975990863 (Ms. Anshree) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Chintan Amrish Patel |
|
Designation : |
Director |
|
Address : |
Kushal Bunglow, Pallavi Beach, Agnel Society, Ruia Park, Juhu,
Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1977 |
|
Date of Appointment : |
05.03.2012 |
|
DIN No.: |
00482043 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U65990MH1994PTC079341 |
PRIYADARSHINI
YARNS PRIVATE LIMITED |
Director |
09/03/2002 |
09/03/2002 |
- |
Active |
NO |
|
2 |
U65990MH1994PTC080726 |
DISHA
CAPFIN PRIVATE LIMITED |
Director |
09/03/2002 |
09/03/2002 |
- |
Active |
NO |
|
3 |
U70100MH1987PTC044026 |
PRATIK
PROPERTIES PRIVATE LIMITED |
Director |
21/06/2002 |
21/06/2002 |
- |
Active |
NO |
|
4 |
U70100MH1987PTC044027 |
SHOBHIKA
ESTATES PRIVATE LIMITED |
Director |
21/06/2002 |
21/06/2002 |
- |
Active |
NO |
|
5 |
U70100MH1987PTC043798 |
SHREYAS
PROPERTIES PRIVATE LIMITED |
Director |
21/06/2002 |
21/06/2002 |
- |
Active |
NO |
|
6 |
L70120MH1985PLC037017 |
AUTORIDERS
INTERNATIONAL LIMITED |
Director |
19/09/2002 |
19/09/2002 |
06/10/2011 |
Active |
NO |
|
7 |
U99999MH1959PTC011469 |
VIJ
INDUSTRIES PRIVATE LIMITED |
Director |
23/01/2003 |
23/01/2003 |
30/03/2010 |
Active |
NO |
|
8 |
U50100MH1986PTC038525 |
AUTO
RIDERS (INDIA) PRIVATE LIMITED |
Director |
24/01/2003 |
24/01/2003 |
- |
Active |
NO |
|
9 |
U34100MH1983PTC030004 |
ENPAK
MOTORS PRIVATE LIMITED |
Director |
21/04/2003 |
21/04/2003 |
19/12/2011 |
Active |
NO |
|
10 |
L51900MH1984PLC034501 |
SHIRPUR
GOLD REFINERY LIMITED |
Managing
director |
28/06/2003 |
28/06/2003 |
30/06/2009 |
Active |
NO |
|
11 |
U17120MH2004PTC148906 |
TARINI
GARMENTS PRIVATE LIMITED |
Director |
30/09/2004 |
30/09/2004 |
05/10/2010 |
Active |
NO |
|
12 |
U17120MH2005PTC150851 |
RIDDHI
TEX FAB PRIVATE LIMITED |
Director |
28/01/2005 |
28/01/2005 |
05/10/2010 |
Active |
NO |
|
13 |
U74999MH2007PTC173347 |
DEESAN
COLD STORAGE PRIVATE LIMITED |
Director |
22/08/2007 |
22/08/2007 |
- |
Active |
NO |
|
14 |
U17120MH2007PTC176268 |
DEESAN
TEXTILE PRIVATE LIMITED |
Director |
21/03/2009 |
21/03/2009 |
- |
Strike
off |
NO |
|
15 |
U17120MH2010PTC198398 |
TIRTH
TEXTILES PRIVATE LIMITED |
Director |
04/01/2010 |
04/01/2010 |
- |
Active |
NO |
|
16 |
U17120MH2010PTC211419 |
AMETHYST
COTEX PRIVATE LIMITED |
Director |
27/12/2010 |
27/12/2010 |
- |
Active |
NO |
|
17 |
U17120MH2012PTC226691 |
MONTAGE
GARMENTS PRIVATE LIMITED |
Director |
10/02/2012 |
10/02/2012 |
- |
Active |
NO |
|
18 |
U17200MH2012PTC227654 |
YOGI
COTEX PRIVATE LIMITED |
Director |
05/03/2012 |
05/03/2012 |
- |
Active |
NO |
|
19 |
U17291MH2012PTC228994 |
KALI
COTEX PRIVATE LIMITED |
Director |
30/03/2012 |
30/03/2012 |
- |
Active |
NO |
|
20 |
U17110MH2012PTC230692 |
LAXMI
WEAVING PRIVATE LIMITED |
Director |
07/05/2012 |
07/05/2012 |
- |
Active |
NO |
|
21 |
AAA-4154 |
ISHANVI
PROJECTS LLP |
Designated
Partner |
18/03/2011 |
18/03/2011 |
- |
Active |
NO |
|
Name : |
Mr. Jagat Anil Killawala |
|
Designation : |
Director |
|
Address : |
J-132, Gujarat Society, Nehru Road, Vile Parle (West), Mumbai-400057,
Maharashtra, India |
|
Date of Birth/Age : |
07.05.1961 |
|
Date of Appointment : |
05.03.2012 |
|
DIN No.: |
00262857 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31200MH1994PTC075891 |
SHRI
KRISHNASHRAY (INDIA) PRIVATE LIMITED |
Managing
director |
25/06/1999 |
25/06/1999 |
Active |
NO |
|
2 |
U45201MH2004PTC144704 |
GOKULDHAM
REAL ESTATE DEVELOPMENT COMPANY PRIVATE LIMITED |
Director |
20/09/2011 |
17/05/2011 |
Active |
NO |
|
3 |
L70200MH2007PLC166818 |
D B
REALTY LIMITED |
Director |
21/09/2011 |
17/05/2011 |
Active |
NO |
|
4 |
U17200MH2012PTC227654 |
YOGI
COTEX PRIVATE LIMITED |
Director |
05/03/2012 |
05/03/2012 |
Active |
NO |
|
5 |
U45400MH2012PTC228024 |
EXCEPTIONAL
DEVELOPERS AND INFRASTRUCTURE PRIVATE LIMITED |
Director |
13/03/2012 |
13/03/2012 |
Active |
NO |
|
6 |
U45200MH2012PTC228176 |
TERRIFIC
CONTRACTORS AND INFRA PRIVATE LIMITED |
Director |
14/03/2012 |
14/03/2012 |
Active |
NO |
|
7 |
U45209MH2012PTC228155 |
SPECTACULAR
CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED |
Director |
14/03/2012 |
14/03/2012 |
Active |
NO |
|
8 |
U45203MH2012PTC228178 |
PEERLESS
CONTRACTORS AND INFRA PRIVATE LIMITED |
Director |
15/03/2012 |
15/03/2012 |
Active |
NO |
|
9 |
U45209MH2012PTC228226 |
TERRIFIC
CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED |
Director |
15/03/2012 |
15/03/2012 |
Active |
NO |
|
10 |
U45203MH2012PTC228500 |
EXCEPTIONAL
CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED |
Director |
20/03/2012 |
20/03/2012 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Anshree |
|
Designation : |
Compliance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.02.2012
|
Names of Shareholders |
No. of Shares |
|
Chintan Amrish Patel |
5000 |
|
Jagat Anil Killawala |
5000 |
|
TOTAL
|
10000 |
AS ON 22.02.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Textile, Yarn, Fabric, Terry Towel |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Dena Bank, Vile Parle (East) Branch, Mumbai,
Maharashtra, India ·
HDFC Bank, Bandra (East) Branch, Mumbai,
Maharashtra, India |
|
|
|
|
Facilities : |
Cash and Credit Limit Rs. 460.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vijay M Rathi Chartered Accountant |
|
Address : |
India |
|
|
|
|
Sister Concern : |
·
Krushna Cotex
Private Limited Address : Santacruz (West), Mumbai, Maharashtra, India Line of Business : Manufacturer of Textile |
CAPITAL STRUCTURE
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 |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
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 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. 53.07 |
|
|
1 |
Rs. 84.94 |
|
Euro |
1 |
Rs. 68.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.