|
Report Date : |
23.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
VIPUL INDUSTRIES PRIVATE LIMITED VIPUL FASHIONS IS A UNIT OF VIPUL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
VIPUL TEXTILE INDUSTRIES LIMITED (05.06.2003) VIPUL TEXTILE INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
255/257, GIDC, Road No. 2, Sachin, Surat - 394230, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.08.1986 |
|
|
|
|
Com. Reg. No.: |
04-008854 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 38.150
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1986PTC008854 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Sarees and Dress Materials. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 730000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Profitability of the company appears to be fair. Trade relations are reported as fair. Business is active. Payments are
usually correct. The company can be considered 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 : |
Mr. Rajiv |
|
Designation : |
Admin Manager |
|
Contact No.: |
91-9328359203 |
|
Date : |
04.12.2013 |
LOCATIONS
|
Registered Office : |
255/257, GIDC, Road No. 2, Sachin, Surat - 394230, Gujarat, India |
|
Tel. No.: |
91-261-4010401/ 3019639 |
|
Mobile No.: |
91-9328359203 (Mr. Rajiv) |
|
Fax No.: |
91-261-4010430 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Sales Office : |
Basement, Sagar Shopping Center, Sahara Darwaja, Ring Road, Surat -
395002, Gujarat, India |
DIRECTORS
AS ON 27.09.2010
|
Name : |
Mr. Mukeshkumar Balmukund Agarwal |
|
Designation : |
Director |
|
Address : |
9A, Ratan Shyam Apartment, Ghod Dod Road, Surat, Gujarat, India |
|
Date of Birth/Age : |
01.08.1961 |
|
Date of Appointment : |
06.08.1986 |
|
DIN No.: |
00074284 |
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 |
U17119GJ1986PTC008854 |
VIPUL INDUSTRIES
PRIVATE LIMITED |
Director |
06/08/1986 |
06/08/1986 |
- |
Active |
NO |
|
2 |
U25200MH1993PTC071549 |
TRUPATI OVERSEAS
PRIVATE LIMITED |
Director |
12/04/1993 |
12/04/1993 |
02/01/2009 |
Active |
YES |
|
3 |
U15122MH2000PTC125707 |
EXCEL ICE
SERVICES PRIVATE LIMITED |
Director |
10/04/2000 |
10/04/2000 |
- |
Active |
YES |
|
4 |
U63040MH2003PTC139516 |
PREMIER OCEAN
LINK IMPEX PRIVATE LIMITED |
Director |
10/03/2003 |
10/03/2003 |
- |
Active |
YES |
|
5 |
U65910GJ1994PLC022730 |
GOLDSTAR LEASE
FINANCING LIMITED |
Additional
director |
05/03/2008 |
05/03/2008 |
10/10/2012 |
Active |
NO |
|
6 |
U63023MH1982PTC028420 |
CRYSTAL
COLDSTORAGE COMPANY PRIVATE LIMITED |
Director |
15/10/2009 |
15/10/2009 |
- |
Active |
YES |
|
7 |
U74999MH1978PLC020328 |
VIPUL IMPEX AND
INFRABUILD LIMITED |
Director |
15/10/2009 |
15/10/2009 |
- |
Active |
NO |
|
8 |
U17120MH2010PTC210941 |
VANSHIKA
INDUSTRIES PRIVATE LIMITED |
Director |
13/12/2010 |
13/12/2010 |
05/01/2011 |
Active |
NO |
|
9 |
U17120MH2011PTC220936 |
AYAAN TRENDZ
PRIVATE LIMITED |
Director |
01/05/2012 |
01/05/2012 |
- |
Active |
NO |
|
Name : |
Mr. Anilkumar Balmukund Agarwal |
|
Designation : |
Director |
|
Address : |
10A Raj Vaibhav, Near Commissioner Banglow, Athwalines, Surat,
Gujarat, India |
|
Date of Birth/Age : |
08.01.1955 |
|
Date of Appointment : |
01.11.2000 |
|
DIN No.: |
00052153 |
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 |
U17114GJ1990PTC014494 |
VIPUL FASHIONS PRIVATE
LIMITED |
Director |
09/10/1990 |
09/10/1990 |
- |
Amalgamated |
NO |
|
2 |
U25200MH1993PTC071549 |
TRUPATI OVERSEAS
PRIVATE LIMITED |
Director |
12/04/1993 |
12/04/1993 |
02/01/2009 |
Active |
YES |
|
3 |
U17309GJ1993PTC019682 |
VIPUL FABRICS PRIVATE
LIMITED |
Director |
21/06/1993 |
21/06/1993 |
- |
Amalgamated |
NO |
|
4 |
U65910GJ1994PLC022730 |
GOLDSTAR LEASE
FINANCING LIMITED |
Director |
10/08/1994 |
10/08/1994 |
10/10/2012 |
Active |
NO |
|
5 |
U17119GJ1991PTC015599 |
VIPUL TEX-FAB PRIVATE
LIMITED |
Director |
15/04/1998 |
15/04/1998 |
- |
Amalgamated |
NO |
|
6 |
U15122MH2000PTC125707 |
EXCEL ICE
SERVICES PRIVATE LIMITED |
Director |
10/04/2000 |
10/04/2000 |
- |
Active |
YES |
|
7 |
U17119GJ1986PTC008854 |
VIPUL INDUSTRIES
PRIVATE LIMITED |
Director |
01/11/2000 |
01/11/2000 |
- |
Active |
NO |
|
8 |
U63023MH1982PTC028420 |
CRYSTAL
COLDSTORAGE COMPANY PRIVATE LIMITED |
Director |
15/10/2009 |
15/10/2009 |
- |
Active |
YES |
|
9 |
U74999MH1978PLC020328 |
VIPUL IMPEX AND INFRABUILD
LIMITED |
Director |
15/10/2009 |
15/10/2009 |
- |
Active |
NO |
|
10 |
U80301GJ2010PTC060728 |
SPRING VALLEY
EDUCATION INSTITUTE PRIVATE LIMITED |
Director |
14/05/2010 |
14/05/2010 |
- |
Active |
NO |
|
11 |
U17120MH2010PTC210941 |
VANSHIKA INDUSTRIES
PRIVATE LIMITED |
Director |
13/12/2010 |
13/12/2010 |
05/01/2011 |
Active |
NO |
|
12 |
U17120MH2011PTC220936 |
AYAAN TRENDZ
PRIVATE LIMITED |
Director |
01/05/2012 |
01/05/2012 |
- |
Active |
NO |
|
Name : |
Mr. Ankoor Anilkumar Agarwal |
|
Designation : |
Director |
|
Address : |
10A Raj Vaibhav, Near Commissioner Banglow, Athwalines, Surat,
Gujarat, India |
|
Date of Birth/Age : |
21.03.1981 |
|
Date of Appointment : |
01.06.1999 |
|
DIN No.: |
01636576 |
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 |
U17119GJ1986PTC008854 |
VIPUL INDUSTRIES
PRIVATE LIMITED |
Director |
01/06/1999 |
01/06/1999 |
- |
Active |
NO |
|
2 |
U63040MH2003PTC139516 |
PREMIER OCEAN
LINK IMPEX PRIVATE LIMITED |
Director |
10/03/2003 |
10/03/2003 |
- |
Active |
YES |
|
3 |
U17114GJ1990PTC014494 |
VIPUL FASHIONS
PRIVATE LIMITED |
Director |
25/01/2007 |
25/01/2007 |
- |
Amalgamated |
NO |
|
4 |
U17120MH2010PTC210941 |
VANSHIKA
INDUSTRIES PRIVATE LIMITED |
Director |
13/12/2010 |
13/12/2010 |
05/01/2011 |
Active |
NO |
|
5 |
U17120MH2011PTC220936 |
AYAAN TRENDZ
PRIVATE LIMITED |
Director |
01/05/2012 |
01/05/2012 |
- |
Active |
NO |
|
6 |
U74120GJ2012PTC070421 |
NAVYA
CORPORATION PRIVATE LIMITED |
Director |
21/05/2012 |
21/05/2012 |
- |
Active |
NO |
|
Name : |
Mr. Akash Agarwal |
|
Designation : |
Director |
|
Address : |
9A, Ratan Shyam Apartment, Ghod Dod Road, Surat, Gujarat, India |
|
Date of Birth/Age : |
01.04.1987 |
|
Date of Appointment : |
01.09.2008 |
|
DIN No.: |
02276733 |
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 |
U17119GJ1986PTC008854 |
VIPUL INDUSTRIES
PRIVATE LIMITED |
Director |
01/09/2008 |
01/09/2008 |
Active |
NO |
|
2 |
U17120MH2010PTC210941 |
VANSHIKA
INDUSTRIES PRIVATE LIMITED |
Director |
13/12/2010 |
13/12/2010 |
Active |
NO |
|
3 |
U17120MH2011PTC220936 |
AYAAN TRENDZ PRIVATE
LIMITED |
Director |
12/08/2011 |
12/08/2011 |
Active |
NO |
|
4 |
U52209GJ2012PTC069796 |
GO ORGANIC
PRIVATE LIMITED |
Director |
10/04/2012 |
10/04/2012 |
Active |
NO |
|
Name : |
Mr. Kishnagopal Balmukund Agarwal |
|
Designation : |
Director |
|
Address : |
83, Sneth Sadan Sahid Bagatsingh Marg, Opposite Colaba Post Office,
Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
15.09.1950 |
|
Date of Appointment : |
06.08.1986 |
|
Date of Cessation : |
08.06.2012 |
|
DIN No.: |
01582803 |
KEY EXECUTIVES
|
Name : |
Mr. Rajiv |
|
Designation : |
Admin Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2010
|
Names of Shareholders |
No. of Shares |
|
Akash M. Agarwal |
21174 |
|
Anilkumar B. Agarwal |
21174 |
|
Ankurkumar A. Agarwal |
21179 |
|
Asha Agarwal |
20605 |
|
Aman M. Agarwal |
13918 |
|
Akanksha Agarwal |
9799 |
|
Kapil Agarwal |
21193 |
|
Kishnagopal B. Agarwal |
21147 |
|
Kishnagopal Agarwal (HUF) |
60 |
|
Madhurika Agarwal |
17666 |
|
Mukeshkumar B. Agarwal |
21163 |
|
Mukeshkumar Agarwal (HUF) |
64 |
|
Meena A. Agarwal |
21165 |
|
Vipulkumar Agarwal |
7824 |
|
Sukhmal and Sons HUF |
4740 |
|
Anilkumar Agarwal HUF |
10 |
|
TOTAL |
222881 |
AS ON 04.10.2010
|
Names of Allottees |
No. of Shares |
|
Aman M Agarwal |
6 |
|
Akanksha Agarwal |
6 |
|
Vipulkumar Agarwal |
7 |
|
TOTAL |
19 |
AS ON 04.12.2010
|
Names of Allottees |
No. of Shares |
|
Anilkumar B. Agarwal |
14302 |
|
Anilkumar B. Agarwal HUF |
6 |
|
Meena A. Agarwal |
14296 |
|
Ankurkumar A. Agarwal |
14306 |
|
Akanksha Agarwal |
6623 |
|
Kishnagopal B. Agarwal |
14786 |
|
Kishnagopal Agarwal (HUF) |
40 |
|
Asha Agarwal |
14408 |
|
Kapil Agarwal |
14818 |
|
Vipulkumar Agarwal |
5482 |
|
Mukeshkumar B. Agarwal |
14166 |
|
Mukeshkumar Agarwal (HUF) |
42 |
|
Madhurika Agarwal |
11826 |
|
Akash M. Agarwal |
14174 |
|
Aman M. Agarwal |
9325 |
|
TOTAL |
148600 |
AS ON 21.03.2011
|
Names of Allottees |
No. of Shares |
|
Emporis Projects Limited, India |
5000 |
|
Speciality Papers Limited, India |
5000 |
|
TOTAL |
10000 |
AS ON 27.09.2010
|
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 Sarees and Dress Materials. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Sarees and Dress Materials |
||||
|
Countries : |
Ø USA Ø Gulf Countries |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
Korea |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit (30 Days to 60 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit (30 Days to 60 Days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Grey Cloth |
Mtrs. |
Not Applicable |
Not Applicable |
2307701 |
|
Finished Fabrics |
Mtrs. |
Not Applicable |
Not Applicable |
4893106 |
|
Dyed and Printed Fabrics |
Mtrs. |
Not Applicable |
Not Applicable |
14250172 |
|
Wind Mill – Electricity Units |
Units |
Not Applicable |
Not Applicable |
1608903 |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
400 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Man Darwaja Branch, Near Kinnari
Tolkiz, Ring Road, Surat – 395002, Gujarat, India Tel No.: 91-261-2326016 ·
Union Bank of India, Textile Market Branch, Ring
Road, Surat-395002, Gujarat, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
DSI and Company Chartered Accountants |
|
Address : |
MF/14-26, Nariman Point Shopping Centre, Near Raghuvir
Bungalows, City Light Road, Surat – 395007, Gujarat, India |
|
Tel. No.: |
91-261-3992929/ 3994747 |
|
Fax No.: |
91-261-3053838 |
|
PAN No.: |
AAFFD4002N |
|
|
|
|
Associates : |
·
Vipul Exports ·
Vanshika Industries Private Limited ·
Aakaniksha Impex ·
Avaan Trendz Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.100/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
381500 |
Equity Shares |
Rs.100/-
each |
Rs. 38.150
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
38.150 |
38.150 |
38.150 |
|
(b) Reserves & Surplus |
144.599 |
139.081 |
127.224 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
182.749 |
177.231 |
165.374 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.740 |
37.031 |
43.272 |
|
(b) Deferred tax liabilities (Net) |
20.729 |
22.013 |
23.316 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
46.469 |
59.044 |
66.588 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
94.632 |
106.995 |
104.229 |
|
(b) Trade payables |
99.950 |
110.001 |
139.634 |
|
(c) Other current
liabilities |
12.864 |
17.678 |
27.005 |
|
(d) Short-term provisions |
8.046 |
9.475 |
13.092 |
|
Total Current Liabilities (4) |
215.492 |
244.149 |
283.960 |
|
|
|
|
|
|
TOTAL |
444.710 |
480.424 |
515.922 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
148.195 |
153.973 |
167.476 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.519 |
5.926 |
25.564 |
|
(e) Other Non-current assets |
0.329 |
0.542 |
0.754 |
|
Total Non-Current Assets |
153.043 |
160.441 |
193.794 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.707 |
1.707 |
1.707 |
|
(b) Inventories |
66.634 |
83.099 |
128.087 |
|
(c) Trade receivables |
142.933 |
200.509 |
184.250 |
|
(d) Cash and cash
equivalents |
12.450 |
23.771 |
2.532 |
|
(e) Short-term loans and
advances |
67.943 |
10.897 |
5.552 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
291.667 |
319.983 |
322.128 |
|
|
|
|
|
|
TOTAL |
444.710 |
480.424 |
515.922 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
527.107 |
732.152 |
717.905 |
|
|
|
Other Income |
2.920 |
13.974 |
0.980 |
|
|
|
TOTAL (A) |
530.027 |
746.126 |
718.885 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
141.929 |
184.196 |
203.940 |
|
|
|
Purchase of Stock In Trade |
33.366 |
54.788 |
45.845 |
|
|
|
Employee benefits expenses |
89.331 |
80.838 |
90.165 |
|
|
|
Other Expenses |
219.739 |
329.156 |
355.116 |
|
|
|
Exceptional Items |
0.000 |
0.019 |
0.007 |
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
6.420 |
43.835 |
(34.455) |
|
|
|
TOTAL (B) |
490.785 |
692.832 |
660.618 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
39.242 |
53.294 |
58.267 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.714 |
23.793 |
20.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.528 |
29.501 |
38.003 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.288 |
16.208 |
16.443 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
5.240 |
13.293 |
21.560 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.278) |
1.437 |
5.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
5.518 |
11.856 |
16.552 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
14.46 |
31.08 |
43.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.04
|
1.59 |
2.30 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.99
|
1.82 |
3.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.18
|
2.77 |
4.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.08 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.66
|
0.81 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.31 |
1.13 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
From Directors, relatives and shareholders |
14.144 |
15.489 |
|
|
|
|
|
TOTAL |
14.144 |
15.489 |
|
NOTES LONG TERM
BORROWINGS The closing balances of unsecured loans are subject to confirmation
however, the directors have, the directors have certified the respective
balances, interest on unsecured loans @12% p.a. has been paid during year. |
||
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10005900 |
21/03/2011 * |
169,100,000.00 |
BANK OF BARODA |
MAN DARWAJA BRANCH, RING ROAD, SURAT,
GUJARAT - 3 |
B08895856 |
|
2 |
90112496 |
07/04/1999 |
4,000,000.00 |
CENTRAL BANK |
TEXTILA MARKET BRANCH, SAHARA DARWAJA,
SURAT, GUJARAT, INDIA |
- |
|
3 |
90100643 |
18/01/1999 |
3,560,000.00 |
ANDHRA BANK |
NANPURA BRANCH, TAMILIYAWAD, SURAT, Gujarat,
INDIA |
- |
|
4 |
90094370 |
09/10/1998 |
15,000,000.00 |
CENTRAL BANK OF INDIA |
SAHARA DARWAJS TEXTILE MARKET BRANCH, RING
ROAD, SURAT, GUJARAT - 395002,
INDIA |
- |
|
5 |
90095072 |
08/10/1998 |
13,000,000.00 |
CENTRAL BANK OF INDIA |
SAHARA DARWAJS TEXTILE MARKET BRANCH, RING
ROAD, SURAT, GUJARAT - 395002,
INDIA |
- |
|
6 |
90107565 |
27/12/1995 |
17,150,000.00 |
ORIENTAL BANK OF COMMERCE |
RING ROAD, SURAT, GUJARAT, INDIA |
- |
|
7 |
90101455 |
16/06/2005 * |
3,950,000.00 |
ANDHRA BANK |
RING ROAD BRANCH, SURAT, GUJARAT, INDIA |
- |
|
8 |
90112174 |
11/11/1993 |
5,000,000.00 |
THE SURAT PEOPLES CO-OP. BANK LIMITED |
CENTRAL OFFICE; NAVAPARA, PARSI SHARI,
SURAT, GUJARAT, INDIA |
- |
|
9 |
90101432 |
29/07/1993 |
9,600,000.00 |
GUJRAT INDUSTRIAL INVESTMENT CO; LIMITED |
C. CHAMBERS, ASHRAM ROAD, AHMEDABAD,
GUJARAT - 380009, INDIA |
- |
|
10 |
90385346 |
18/02/1988 |
2,343,000.00 |
GUAJRAT STATE FINANCIAL CORPORATION |
ASHRAM ROAD, AHMEDABAD, GUJARAT, INDIA |
- |
|
11 |
90378815 |
26/03/1984 |
600,000.00 |
CANARA BANK |
BANGALORE, BANGALORE, KARNATAKA, INDIA |
- |
|
* Date of charge modification |
||||||
CORPORATE
INFORMATION:
Subject is a private limited company and incorporated under the provisions
of the Companies Act, 1956. The company is engaged in the business of
processing of man-made Fabrics and embroidery work on job work basis,
manufacturing and sale of finished fabrics and generation and captive
consumption of electricity by installing wing mill.
OPERATIONS
During the year
the Company’s turnover decreased to Rs. 527.107 Millions as compared to Rs.
732.152 Millions during previous year and total income of the Company decreased
in the current year to Rs. 530.027 Millions as compared to previous years
income of Rs. 746.126 Millions.
FIXED ASSETS
·
Freehold land
·
Leasehold land
·
Building
·
Plant and Machinery
·
Furniture and fixture
·
Office equipment
·
Electrical Installment
·
Vehicles
·
Computers
·
Windmill
·
Shop
·
Flats
·
Tempo
·
Web site development
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. 62.24 |
|
UK Pound |
1 |
Rs. 101.80 |
|
Euro |
1 |
Rs. 84.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.