MIRA
INFORM REPORT
|
Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
WEARIT GLOBAL LIMITED |
|
|
|
|
Registered
Office : |
Crescent Tower, 5th Floor, 229 A J C Bose Road, Kolkata –
700020, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.08.1999 |
|
|
|
|
Com. Reg. No.: |
21-089994 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.75.793 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40107WB1999PLC089994 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR4997F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Yarns, Textiles etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
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 – 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.
LOCATIONS
|
Registered Office : |
Crescent Tower, 5th Floor, 229 A J C Bose Road, Kolkata –
700020, West Bengal, India |
|
Tel. No.: |
91-33-40036164 / 6165 |
|
Fax No.: |
91-33-40036158 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Gaurav Gupta |
|
Designation : |
Director |
|
Address : |
17, Bellyagunge Park Road, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
29.10.1969 |
|
Qualification : |
B.COM |
|
Date of Appointment : |
10.02.2005 |
|
DIN No.: |
00015692 |
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 |
U70101WB1989PTC047874 |
HARIT
PROPERTIES PRIVATE LIMITED |
Director |
21/11/1989 |
21/11/1989 |
- |
Active |
NO |
|
2 |
U51909DL1992PLC047314 |
GOMTI
PRODUCTS LIMITED |
Director |
10/03/1992 |
10/03/1992 |
- |
Active |
NO |
|
3 |
U65910WB1992PTC055995 |
PRARIT
INVESTMENTS PRIVATE LIMITED |
Director |
21/07/1992 |
21/07/1992 |
- |
Active |
NO |
|
4 |
U70101WB1994PTC066792 |
ASHRAY
REAL ESTATES PRIVATE LIMITED |
Director |
21/12/1994 |
21/12/1994 |
- |
Active |
NO |
|
5 |
U51109WB1991PTC050877 |
PRANAV
COMMERCIAL PRIVATE LIMITED |
Director |
27/01/1997 |
27/01/1997 |
- |
Active |
NO |
|
6 |
U70109WB1972PLC028496 |
DARJEELING
TRADING LIMITED |
Director |
08/08/1997 |
08/08/1997 |
23/04/2010 |
Active |
NO |
|
7 |
L15492WB1926PLC005306 |
SEEYOK
TEA COMPANYLIMITED |
Director |
09/08/1997 |
09/08/1997 |
23/04/2010 |
Active |
NO |
|
8 |
U45201WB1997PTC085609 |
AKSHIT
NIRMAN PRIVATE LIMITED |
Director |
01/10/1997 |
01/10/1997 |
- |
Active |
NO |
|
9 |
U28999WB1988PTC044084 |
INDIA
TOOLS CRAFTS PRIVATE LIMITED |
Director |
21/07/1999 |
21/07/1999 |
19/05/2010 |
Active |
NO |
|
10 |
U70109WB1999PTC090608 |
NILAYA
PROPERTIES PRIVATE LIMITED |
Director |
16/11/1999 |
16/11/1999 |
- |
Active |
NO |
|
11 |
U70101WB1999PTC090603 |
SPMK
ESTATES PRIVATE LIMITED |
Director |
20/07/2000 |
20/07/2000 |
- |
Active |
NO |
|
12 |
U15491WB2002PTC094338 |
SPMK
TEA PRODUCTS PRIVATE LIMITED |
Director |
06/03/2002 |
06/03/2002 |
27/05/2008 |
Active |
NO |
|
13 |
U70101WB1990PLC049108 |
MANSION
TRADING AND INVESTMENTS LIMITED |
Director |
12/08/2002 |
12/08/2002 |
01/11/2008 |
Amalgamated |
NO |
|
14 |
U85100WB2001PTC093861 |
ADD
LIFE FITNESS AND SPA PRIVATE LIMITED |
Director |
05/08/2003 |
05/08/2003 |
01/11/2008 |
Active |
NO |
|
15 |
U15491WB2004PTC100691 |
KOLONY
TEA ESTATE PRIVATE LIMITED |
Whole-time
director |
14/12/2004 |
14/12/2004 |
- |
Active |
NO |
|
16 |
U40107WB1999PLC089994 |
WEARIT
GLOBAL LIMITED |
Director |
10/02/2005 |
10/02/2005 |
- |
Active |
NO |
|
17 |
U27109WB1970PTC027745 |
ARMEET
TOOLS AND EQUIPMENTS PRIVATE LIMITED |
Director |
07/11/2008 |
07/11/2008 |
19/05/2010 |
Amalgamated |
NO |
|
18 |
U27109WB1984PTC038161 |
PRANAY
ENGINEERING COMPANY PRIVATE LIMITED |
Director |
07/11/2008 |
07/11/2008 |
19/05/2010 |
Active |
NO |
|
19 |
U70109WB2000PTC091529 |
PRATIKSHIT
ESTATES PRIVATE LIMITED |
Director |
29/09/2009 |
20/03/2009 |
- |
Active |
NO |
|
20 |
U52330WB2009PTC137799 |
FRESCO
EARTH PRODUCTS PRIVATE LIMITED |
Director |
17/08/2009 |
17/08/2009 |
- |
Active |
NO |
|
21 |
U70102WB2010PTC153610 |
SPMK
PROPERTIES PRIVATE LIMITED |
Director |
29/09/2010 |
29/09/2010 |
- |
Active |
NO |
|
Name : |
Mr. Aditya Bikram Chamaria |
|
Designation : |
Director |
|
Address : |
2, Raoland Road, Kolkata – 700020, West Bengal, India |
|
Date of Birth/Age : |
04.05.1968 |
|
Qualification : |
B.COM |
|
Date of Appointment : |
03.08.1999 |
|
DIN No.: |
00027974 |
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 |
U74999WB1990PTC049511 |
SUNIRA
FOOD PRODUCTS PRIVATE LIMITED |
Director |
13/01/1990 |
13/01/1990 |
- |
Active |
NO |
|
2 |
U45201WB1995PTC071165 |
EXPRESS
LAND AND HOUSING COMPANY PRIVATE LIMITED |
Director |
21/04/1995 |
21/04/1995 |
- |
Active |
NO |
|
3 |
U74899DL1995PLC066118 |
DHAULANA
SUGAR INDUSTRIES LIMITED |
Director |
06/05/1995 |
06/05/1995 |
- |
Active |
NO |
|
4 |
L51397WB1981PLC034211 |
DAMODAR
ROPEWAYS AND INFRA LIMITED |
Managing
director |
01/06/1995 |
01/06/1995 |
31/05/2011 |
Active |
NO |
|
5 |
U17234WB1988PTC044689 |
MUSSOORIE
ROPEWAYS PRIVATE LIMITED |
Director |
24/10/1995 |
24/10/1995 |
- |
Active |
NO |
|
6 |
L45201WB1974PLC029545 |
RUSSEL
CONSTRUCTION COMPANY LIMITED |
Director |
01/01/1997 |
01/01/1997 |
- |
Amalgamated |
NO |
|
7 |
U55101WB1991PTC086204 |
GANPATI
ROPEWAYS PRIVATE LIMITED |
Director |
02/09/1997 |
02/09/1997 |
- |
Active |
NO |
|
8 |
U40107WB1999PLC089994 |
WEARIT
GLOBAL LIMITED |
Director |
03/08/1999 |
03/08/1999 |
- |
Active |
NO |
|
9 |
U74899DL2000PTC104077 |
SUPER
INFRA STRUCTURE PRIVATE LIMITED |
Director |
01/03/2000 |
01/03/2000 |
- |
Active |
NO |
|
10 |
U17118WB1986PTC040484 |
SANSKRITI
FINANCE PRIVATE LIMITED |
Director |
08/08/2001 |
08/08/2001 |
- |
Active |
NO |
|
11 |
U74999WB2004PTC098484 |
INDIAN
MRT SYSTEMS PRIVATE LIMITED |
Director |
06/05/2004 |
06/05/2004 |
- |
Active |
NO |
|
12 |
U74999WB2004PTC099673 |
SAKET
MAINTENANCE PRIVATE LIMITED |
Director |
01/03/2005 |
01/03/2005 |
- |
Active |
NO |
|
13 |
U00501RJ2006PTC022368 |
SABOO
DAMODAR ROPEWAYS PRIVATE LIMITED |
Director |
10/04/2006 |
10/04/2006 |
- |
Active |
NO |
|
14 |
U45200WB2007PTC113965 |
SPLASH
PROPERTIES PRIVATE LIMITED |
Director |
07/03/2007 |
07/03/2007 |
- |
Active |
NO |
|
15 |
U70109WB1981PTC033883 |
ANGLO
PROPERTIES AND TRADERS PRIVATE LIMITED |
Director |
01/10/2007 |
01/10/2007 |
- |
Active |
NO |
|
16 |
U45400WB2008PTC123403 |
SPOTLESS
PROPERTIES PRIVATE LIMITED |
Director |
03/03/2008 |
03/03/2008 |
- |
Active |
NO |
|
17 |
U70109WB2012PTC183720 |
SAVITA
NIRMAN PRIVATE LIMITED |
Director |
13/07/2012 |
13/07/2012 |
- |
Active |
NO |
|
Name : |
Mr. Manish Kumar |
|
Designation : |
Director |
|
Address : |
11, Bellyagunge Park Road, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
17.06.1969 |
|
Qualification : |
B.COM |
|
Date of Appointment : |
26.10.2010 |
|
PAN No.: |
AFWPK2451G |
|
DIN No.: |
00121900 |
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 |
U17124MP1994PLC008839 |
RITSPIN
SYNTHETICS LIMITED |
Managing
director |
07/12/1994 |
07/12/1994 |
- |
Active |
NO |
|
2 |
U70101WB1990PTC048193 |
SPBP
HOLDINGS PRIVATE LIMITED |
Director |
14/06/2002 |
14/06/2002 |
- |
Active |
NO |
|
3 |
U65999WB1990PTC048535 |
SPBP
INVESTMENTS PRIVATE LIMITED |
Director |
14/06/2002 |
14/06/2002 |
- |
Active |
NO |
|
4 |
U70101WB1990PLC049108 |
MANSION
TRADING AND INVESTMENTS LIMITED |
Director |
07/08/2002 |
07/08/2002 |
01/11/2008 |
Amalgamated |
NO |
|
5 |
U85100WB2001PTC093861 |
ADD
LIFE FITNESS AND SPA PRIVATE LIMITED |
Director |
05/08/2003 |
05/08/2003 |
01/11/2008 |
Active |
NO |
|
6 |
U91990WB1999NPL089828 |
YPO
(CALCUTTA) |
Director |
12/07/2004 |
12/07/2004 |
- |
Active |
NO |
|
7 |
U40107WB1999PLC089994 |
WEARIT
GLOBAL LIMITED |
Director |
29/09/2011 |
27/05/2006 |
- |
Active |
NO |
|
8 |
U52330WB2009PTC137799 |
FRESCO
EARTH PRODUCTS PRIVATE LIMITED |
Director |
17/08/2009 |
17/08/2009 |
- |
Active |
NO |
|
9 |
U17120MH1967PLC013669 |
CONFEDERATION
OF INDIAN TEXTILE INDUSTRY |
Director |
19/11/2009 |
19/11/2009 |
- |
Active |
NO |
|
10 |
L01132AS1981PLC007309 |
S P
B P TEA ( INDIA ) LIMITED |
Director |
14/09/2010 |
01/03/2010 |
- |
Active |
NO |
|
11 |
U70200WB1995PTC071258 |
ARYAVRAT
TRADING PRIVATE LIMITED |
Director |
29/09/2011 |
04/10/2010 |
- |
Active |
NO |
|
12 |
U40104WB2010PLC153957 |
WEARIT
ENERGY LIMITED |
Director |
11/10/2010 |
11/10/2010 |
- |
Active |
NO |
|
13 |
U51909WB2009PTC138716 |
DHANTERASH
SALE PRIVATE LIMITED |
Director |
29/09/2011 |
10/11/2010 |
- |
Active |
NO |
|
Name : |
Mr. Alok Krishna Agarwal |
|
Designation : |
Director |
|
Address : |
A86, Gulmohar Park Road, New Delhi – 110049, India |
|
Date of Birth/Age : |
03.02.1964 |
|
Qualification : |
L.L.B |
|
Date of Appointment : |
15.07.2006 |
|
DIN No.: |
00127273 |
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 |
U22130DL2002PTC114808 |
LAWZ
MEDIA PRIVATE LIMITED |
Director |
02/04/2002 |
02/04/2002 |
- |
Active |
NO |
|
2 |
U31908DL2005PTC132984 |
SHELLY
ENGINEERS PRIVATE LIMITED |
Director |
14/02/2005 |
14/02/2005 |
29/08/2009 |
Active |
NO |
|
3 |
U80301DL2005PTC132983 |
ADVANCED
LAW COLLEGE OF INDIA PRIVATE LIMITED |
Director |
14/02/2005 |
14/02/2005 |
- |
Active |
NO |
|
4 |
U28991DL1999PTC102647 |
DOLPHIN
HARDWARES PRIVATE LIMITED |
Director |
16/03/2005 |
16/03/2005 |
20/03/2008 |
Active |
NO |
|
5 |
L85110KA1990PLC011082 |
MILESTONE
GLOBAL LIMITED. |
Director |
25/03/2005 |
25/03/2005 |
- |
Active |
NO |
|
6 |
U40107WB1999PLC089994 |
WEARIT
GLOBAL LIMITED |
Director |
15/07/2006 |
15/07/2006 |
- |
Active |
NO |
|
7 |
L15420MH1931PLC001797 |
BAJAJ
HINDUSTHAN LIMITED |
Director |
26/02/2008 |
24/04/2007 |
- |
Active |
NO |
|
8 |
U74120DL2008PTC175826 |
PNP
TECHNOLOGIES INDIA PRIVATE LIMITED |
Director |
25/03/2008 |
25/03/2008 |
- |
Active |
NO |
|
9 |
L01132AS1981PLC007309 |
S P B
P TEA ( INDIA ) LIMITED |
Director |
14/09/2010 |
01/03/2010 |
- |
Active |
NO |
|
Name : |
Mr. Purushottam Dalmia |
|
Designation : |
Director |
|
Address : |
BF-144, Salt Lake, Kolkata – 700064, West Bengal, India |
|
Date of Birth/Age : |
23.01.1943 |
|
Qualification : |
B.COM,L.L.B |
|
Date of Appointment : |
21.01.2009 |
|
DIN No.: |
00152250 |
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 |
U70200WB1995PTC071258 |
ARYAVRAT
TRADING PRIVATE LIMITED |
Director |
19/09/1995 |
19/09/1995 |
21/09/2009 |
Active |
NO |
|
2 |
U70101WB1990PTC048193 |
SPBP
HOLDINGS PRIVATE LIMITED |
Director |
18/06/2002 |
18/06/2002 |
- |
Active |
NO |
|
3 |
U65999WB1990PTC048535 |
SPBP
INVESTMENTS PRIVATE LIMITED |
Director |
18/06/2002 |
18/06/2002 |
- |
Active |
NO |
|
4 |
U70101WB1990PLC049108 |
MANSION
TRADING AND INVESTMENTS LIMITED |
Director |
20/08/2002 |
20/08/2002 |
01/11/2008 |
Amalgamated |
NO |
|
5 |
U51109WB1996PTC078695 |
CASTLE
SUPPLIERS PRIVATE LIMITED |
Director |
07/11/2006 |
07/11/2006 |
- |
Active |
NO |
|
6 |
U40107WB1999PLC089994 |
WEARIT
GLOBAL LIMITED |
Director |
21/01/2009 |
04/11/2008 |
- |
Active |
NO |
|
7 |
U40104WB2010PLC153957 |
WEARIT
ENERGY LIMITED |
Director |
11/10/2010 |
11/10/2010 |
- |
Active |
NO |
|
Name : |
Mr. Sandeep Poddar |
|
Designation : |
Director |
|
Address : |
33, Bellyagunge Park Road, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
17.09.1968 |
|
Qualification : |
B.COM |
|
Date of Appointment : |
31.03.2006 |
|
DIN No.: |
01323656 |
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 |
U74999WB1984PLC037863 |
RADHAMANI
INDIA LIMITED |
Director |
22/10/1988 |
22/10/1988 |
- |
Active |
NO |
|
2 |
U74120WB1986PLC040411 |
N M
FINANCE AND INVESTMENT CONSULTANCY LIMITED |
Director |
10/02/1992 |
10/02/1992 |
- |
Active |
NO |
|
3 |
U40107WB1999PLC089994 |
WEARIT
GLOBAL LIMITED |
Director |
31/03/2006 |
31/03/2006 |
- |
Active |
NO |
|
4 |
U51109WB2008PTC122483 |
NORTHSTAR
VINIMAY PRIVATE LIMITED |
Director |
16/02/2008 |
16/02/2008 |
- |
Active |
NO |
|
5 |
U51109WB2008PTC122488 |
MOUNTVIEW
DEALERS PRIVATE LIMITED |
Director |
16/02/2008 |
16/02/2008 |
- |
Active |
NO |
|
6 |
U51109WB2008PTC122489 |
PREMIUM
DEALERS PRIVATE LIMITED |
Director |
16/02/2008 |
16/02/2008 |
- |
Active |
NO |
|
7 |
U70101WB2007PTC117656 |
BASUKINATH
DEVELOPERS PRIVATE LIMITED |
Director |
30/12/2010 |
30/12/2010 |
- |
Active |
NO |
|
8 |
U51909WB2009PTC134379 |
MIDLAND
VINIMAY PRIVATE LIMITED |
Director |
26/07/2012 |
26/07/2012 |
- |
Active |
NO |
|
9 |
U51909WB2009PTC133884 |
ACCEPT
SUPPLIERS PRIVATE LIMITED |
Director |
26/07/2012 |
26/07/2012 |
- |
Active |
NO |
|
10 |
U51900WB2009PTC132938 |
SANWARIA
MARKETING PRIVATE LIMITE |
Director |
26/07/2012 |
26/07/2012 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
Shareholding details file attached
List of Allottees
As on 31.03.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
Equity
Shares Class ‘B’ |
|
Manish Kumar |
|
480 |
|
Akshay Agarwal |
|
480 |
|
Narendra Kumar |
|
480 |
|
Pramod Rani Kumar |
|
480 |
|
Ritika Kumar |
|
480 |
|
Wearit Tea Trading Private Limited, India |
|
6930 |
|
Solvent Vyapaar Private Limited, India |
|
108888 |
|
Castle Supplires Private Limited, India |
|
142284 |
|
Casio Vintrade Private Limited, India |
|
140635 |
|
Wearit Marketing Private Limited, India |
|
16787 |
|
Wearit Power Limited, India |
|
78361 |
|
Ontime Securities Private Limited, India |
|
2142 |
|
Linkup Vintrade Private Limited, India |
|
10000 |
|
Blue Sky Sales Private Limited, India |
|
10714 |
|
Kavanijya Private Limited, India |
|
7150 |
|
Carwin Tracom Private Limited, India |
|
5000 |
|
Total |
|
531291 |
As on 29.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
46.01 |
|
Directors or relatives of Directors |
51.90 |
|
Other top fifty shareholders |
2.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Yarns, Textiles etc. |
|
|
|
|
Products : |
· Yarn · Polyester / Viscose ·
PTA (Chemical) |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
Allahabad Bank (Leader),
Kolkata Main Branch, 14, India Exchange Place, Kolkata - 700001, West Bengal,
India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. Singhi and Associates Chartered Accountants |
|
Address : |
Four Mangoe Lane , Surendra Mohan Ghosh Sarani, Kolkata-700001, West Bengal, India |
|
PAN No.: |
AABFV8971C |
|
|
|
|
Wholly Owned
Subsidiary : |
· Ritvang Textile S.L Spain · Wearit Power Limited CIN No.: U40104WB2010PLC153957 |
|
|
|
|
Associates : |
· Aryavrat Trading Private Limited · Ritspin Synthetics Limited · SPBP Holdings Private Limited |
CAPITAL STRUCTURE
After 29.09.2011
Authorised Capital : Rs.160.000
Millions
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
991700 |
Equity Shares – Class A |
Rs.10/- each |
Rs.9.917
Millions |
|
1190051 |
Equity Shares – Class B |
Rs.100/- each |
Rs.119.005
Millions |
|
|
Total |
|
Rs.128.922 Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares – Class A |
Rs.10/- each |
Rs.10.000 Millions |
|
900000 |
Equity Shares – Class B |
Rs.100/- each |
Rs.90.000 Millions |
|
|
Total |
|
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
991700 |
Equity Shares – Class A |
Rs.10/- each |
Rs.9.917
Millions |
|
658760 |
Equity Shares – Class B |
Rs.100/- each |
Rs.65.876 Millions |
|
|
Total |
|
Rs.75.793 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 |
75.793 |
75.793 |
31.672 |
|
|
2] Share Application Money |
82.506 |
60.500 |
270.535 |
|
|
3] Reserves & Surplus |
407.660 |
377.984 |
180.468 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
565.959 |
514.277 |
482.675 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
233.707 |
141.716 |
31.470 |
|
|
2] Unsecured Loans |
132.138 |
101.598 |
177.764 |
|
|
TOTAL BORROWING |
365.845 |
243.314 |
209.234 |
|
|
DEFERRED TAX LIABILITIES |
1.194 |
0.610 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
932.998 |
758.201 |
691.909 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.978 |
33.325 |
6.147 |
|
|
Capital work-in-progress |
78.597 |
44.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.264 |
14.366 |
17.366 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.369 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.469
|
8.914 |
0.000 |
|
|
Sundry Debtors |
360.873
|
90.863 |
26.237 |
|
|
Cash & Bank Balances |
11.260
|
16.566 |
3.135 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
767.701
|
725.805 |
669.417 |
|
Total
Current Assets |
1143.303
|
842.148 |
698.789 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.828
|
60.278 |
2.508 |
|
|
Other Current Liabilities |
250.526
|
102.670 |
25.046 |
|
|
Provisions |
28.790
|
12.690 |
3.208 |
|
Total
Current Liabilities |
330.144
|
175.638 |
30.762 |
|
|
Net Current Assets |
813.159
|
666.510 |
668.027 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
932.998 |
758.201 |
691.909 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1249.900 |
704.251 |
40.568 |
|
|
|
Other Income |
1.449 |
1.650 |
33.927 |
|
|
|
TOTAL (A) |
1251.349 |
705.901 |
74.495 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
1071.121 |
622.735 |
|
|
|
|
Manufacturing Service Costs |
20.541 |
3.159 |
|
|
|
|
Employee Related Expenses |
0.482 |
0.182 |
|
|
|
|
Administrative Selling Other Expenses |
80.246 |
43.802 |
|
|
|
|
TOTAL (B) |
1172.390 |
669.878 |
41.568 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
78.959 |
36.023 |
32.927 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
30.209 |
3.170 |
18.945 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
48.750 |
32.853 |
13.982 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.390 |
1.360 |
0.425 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
46.360 |
31.493 |
13.557 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.684 |
10.462 |
1.240 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
29.676 |
21.031 |
12.317 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
33.480 |
12.449 |
0.132 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
63.156 |
33.480 |
12.449 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
995.308 |
494.417 |
34.895 |
|
|
TOTAL EARNINGS |
995.308 |
494.417 |
34.895 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) -
Class A -
Class B |
3.92 39.15 |
4.04 40.40 |
10.55 105.53 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.37
|
2.98 |
16.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.71
|
4.47 |
33.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.95
|
3.60 |
1.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.06 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.23
|
0.81 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.46
|
4.79 |
22.72 |
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 |
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 |
Yes |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL RESULTS
During the period the Company has made a net profit after tax of Rs.29.676 Millions as against Rs.21.031 Millions during the previous year and after adding to the carried forward profit of last year, Rs.63.156 Millions has been carried to the Balance Sheet.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U40107WB1999PLC089994 |
|
Name of the company |
WEARIT GLOBAL LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Crescent Tower, 5th Floor, 229 A J C Bose Road, Kolkata –
700020, West Bengal, India E-Mail Id : pdalmia@ritspin.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge Others (Stock and P and M and other Current and Fixed assets) |
|
Particular of charge holder |
Allahabad Bank (Leader), Kolkata Main Branch, 14, India
Exchange Place, Kolkata - 700001, West Bengal, India E-mail Id : br.kolkatamain@allahabadbank.co.in
|
|
Nature of instrument creating charge |
Joint deed of hypothecation |
|
Date of instrument Creating the charge |
16.02.2012 |
|
Amount secured by the charge |
Rs.590.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest
Interest and other charges will be paid as per terms and conditions of
Sanction Terms of respective consortium member banks; however the same is
subject to change from time to time. Terms of
Repayment Working Capital (CC of Rs. 90.000 Millions, PC of Rs. 200.000 Millions
(FBP/FBN as Sub-Limit within PC to the extent of Rs. 80.000 Millions) and LC
of Rs. 50.000 Millions by Allahabad Bank and CC of Rs. 50.000 Millions,
PC/FBP/FBN/FBD of Rs. 200.000 Millions by Dena Bank) shall be repayable on
demand. Margin The borrower shall maintain appropriate margin as stipulated in the
sanction terms of the respective consortium member banks. The applicable
margin against respective credit facilities are mentioned in the Agreement. Extent and Operation
of the charge The security created under said Agreement shall operate as continuing
security and shall be on 1st pari passu charge basis among consortium member
banks. The charged assets property be kept at the Company's risk and expense
in good condition and fully insured against loss or damage by fire, lighting
or explosion or theft and also against loss or damage by riot and civil
commotion etc. as may be required by the Bank in the joint names of the Banks
and the Company. Others The Company hereby declares that all the charged property now existing
are absolute property of and at the sole disposal of the Company and free
from any prior charge or encumbrance and undertakes that all future property
shall like wise be the unencumbered and absolute and disposable property of
the Company. Other terms and conditions are as per terms and conditions of above
referred Agreement and Sanction Terms of the respective banks. |
|
Short particulars of the property or asset(s) charged (including complete
address and location of the property) |
Hypothecation and charges by way of 1st Pari Passu charge amongst
consortium member banks for WC - Whole of the Current Assets namely Stock of Raw Materials, Stock In
Process, Semi -Finished and Finished Good Stores and Spares not relating to P and M , Bills Receivable
and Book Debts, Balance in Bank A/C, and other movables and Other
current Assets of any description of
the company situated at C/o Ritspin Synthetics Limited, Plot No. 2, Kheda
Industrial Growth Centre , Pithampur - 454774, Madhya Pradesh and Spinning
Mill unit situated at Village - Bhilgaon, P.S. and Tehsil- Kasrawad,
District- Khargone, Madhya Pradesh or any where else both present and future Hypothecation and charges by way of 2nd Pari Passu charge amongst
consortium member banks for TL - All Current Assets of the company both present and future |
FIXED ASSETS:
·
Machineries
·
Motor Cars
·
Computer and Accessories
·
Furniture and
Fixture
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.55.52 |
|
|
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
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 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.