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Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
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Name : |
ADINATH TEX CHEM LIMITED |
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Registered
Office : |
104, Jalaram Terrace Near Kadiwala School Ring Road, Surat-395002, |
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Country : |
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Financials (as on)
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31.03.2013 |
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Date of
Incorporation : |
19.10.2000 |
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Com. Reg. No.: |
04-38817 |
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Capital
Investment / Paid-up Capital : |
Rs.2.925 Millions |
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CIN No.: [Company Identification
No.] |
U24110GJ2000PLC038817 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTA00244G |
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Legal Form : |
A Closely held public limited liability company. |
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Line of Business
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Manufacturer and Trader of Textiles Chemicals and Industrial Fabrics. |
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No. of Employees
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Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 49664 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Profitability of the company appears to be fair. However, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. The company can be considered for business dealings at usual trade
terms an d 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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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India |
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 |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic product.
High imports of gold and oil led to a worsening of the traqde deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been named
the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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
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Name : |
Mr. Sunil Jaiswal |
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Designation : |
Marketing Head |
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Contact No.: |
91-261-3131053 |
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Date : |
04.12.2013 |
LOCATIONS
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Registered Office : |
104, Jalaram Terrace Near Kadiwala School Ring Road, Surat-395002, |
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Tel. No.: |
91-261-2470473 |
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Mobile No.: |
91-9377331489 (Mr. Navin Jain) |
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Fax No.: |
91-261-2473711 |
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E-Mail : |
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Website : |
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Area : |
3000sq.ft. |
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Location : |
Owned |
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Factory / Branch Office : |
247/29-30, GIDC, Pandesara, Surat-394221, |
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Tel. No.: |
91-261-2890593/ 289325/ 2470473/ 2470580 |
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Fax No.: |
91-261-2473711/ 2891080 |
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E-Mail : |
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Area : |
1300sq.mtr. |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
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Name : |
Mr. Gyanendra Rajendra Jain |
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Designation : |
Director |
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Address : |
104, Jalaram Terrace Near Kadiwala School Ring Road, Surat-395002, |
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Date of Birth/Age : |
05.09.1968 |
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Qualification : |
Graduate |
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Date of Appointment : |
19.10.2000 |
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DIN No.: |
01036498 |
Other Directorship