1. Summary Information
|
Country |
India |
||
|
Company Name |
SHAKTHI KNITTING LIMITED |
Principal Name 1 |
Siddamalai Gounder Krishnaswamy Vivekananda |
|
Status |
Satisfactory |
Principal Name 2 |
Vasanth Kumar |
|
Registration # |
18-020736 |
||
|
Street Address |
Land Marvel, Flat No. F-1, First Floor, New No. 3, First Main Road,
Indira Nagar, Adyar, Chennai - 600020, Tamilnadu |
||
|
Established Date |
06.05.1991 |
SIC Code |
-- |
|
Telephone# |
91-421-2214464 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-421-2210764 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Apparel |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
41,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 84.15%, Others 15.85% |
Banking |
ING
Vysya Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
22 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(51) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
472,000,000 |
Current Liabilities |
184,941,000 |
|
Inventories |
615,660,000 |
Long-term Liabilities |
869,938,000 |
|
Fixed Assets |
387,886,000 |
Other Liabilities |
47,314,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,102,193,000 |
|
Invest& other Assets |
15,721,000 |
Retained Earnings |
348,074,000 |
|
|
|
Net Worth |
389,074,000 |
|
Total Assets |
1,491,267,000 |
Total Liab. & Equity |
1,491,267,000 |
|
Total Assets (Previous Year) |
1,584,350,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,942,803,000 |
Net Profit |
24,298,000 |
|
Sales (Previous yr) |
1,905,821,000 |
Net Profit
(Prev.yr) |
3,168,000 |
MIRA INFORM REPORT
|
Report Date : |
10.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHAKTHI KNITTING LIMITED |
|
|
|
|
Registered
Office : |
Land Marvel, Flat No. F-1, First Floor, New No. 3, First Main Road,
Indira Nagar, Adyar, Chennai - 600020, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.05.1991 |
|
|
|
|
Com. Reg. No.: |
18-020736 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 41.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17301TN1991PLC020736 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHES03313C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS4040H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Apparel. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1556000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There appears a significant increase in the sales turnover as well as
net profitability during 2012. Financial and liquidity position seems to be
strong and healthy. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 |
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 : |
Land Marvel, Flat No. F-1, First Floor, New No. 3, First Main Road,
Indira Nagar, Adyar, Chennai - 600020, Tamilnadu, India |
|
Tel. No.: |
91-421-2214464 |
|
Fax No.: |
91-421-2210764 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Shakthi Centre, Nochipalayam Road, Veerapandi (PO),
Tirupur - 641605, Tamilnadu, India. |
|
Tel. No.: |
91- 421-6611555 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Siddamalai Gounder Krishnaswamy Vivekananda |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.41, Balaji Layout, Kankeyam Palayam, Tirupur – 641604, Tamilnadu,
India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.06.1967 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.E. Mechanical |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00334787 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Vasanth Kumar |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
137, Velacherry Road, Guindy, Chennai – 600032, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.08.1967 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.E. Mechanical |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00405757 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Sankaranarayanan Sonaachalam |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.8, J.S. Garden, Phase - II, Arun Gardens, Kangeyam Road, Nallur, Tirupur - 641606, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.05.1967 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Com |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00486087 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Chikalpat Yogesh Pai |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
150/151, Amarjothi A S Nagar, Kangeyam Road, Nallur, Tirupur - 641604,
Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.10.1968 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
MBA |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02896131 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Equity Shareholders |
No. of Shares |
% of Shares |
|
S.K. Vivekananda |
52000 |
24.76 |
|
K.A. Urmila |
9500 |
4.52 |
|
C.V. Selvaraju |
1500 |
0.71 |
|
P.R. Sundaravadivelu |
13000 |
6.19 |
|
S. Vasanth Kumar |
23000 |
10.95 |
|
S. Roop Kumar |
500 |
0.24 |
|
R. Niranjini |
15500 |
7.38 |
|
S. Dilip Kumar |
16000 |
7.62 |
|
Pillayar Investments and Finance Private Limited |
15000 |
7.14 |
|
P. Vijayakumar |
21000 |
10.00 |
|
P. Ravichandran |
20000 |
9.52 |
|
V. Sudha |
500 |
0.24 |
|
R. Vijayashankar |
250 |
0.12 |
|
R. Raja |
250 |
0.12 |
|
K.R. Sureshkumar |
21000 |
10.00 |
|
V. Rameshkumar |
250 |
0.12 |
|
D.P. Velayutham |
250 |
0.12 |
|
V. Yasodhadevi |
250 |
0.12 |
|
V. Usha Amaravathi |
250 |
0.12 |
|
|
|
|
|
Total |
210000 |
99.99 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
84.15 |
|
Others |
|
15.85 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Apparel. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
¯ ING Vysya Bank Limited, 2/3, Valipalayam, Tiruppur - 638601, Tamilnadu, India ¯ State Bank of India, Commercial Branch, 1443, Trichy Road, Coimbatore - 641018, Tamilnadu, India ¯ Industrial
Development Bank of India, Branch Office, 115, Anna Salai Saidapet Post Bag
No, 805, Chennai - 600015, Tamilnadu, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
India Factoring
and Finance Solutions Private Limited, 6th Floor, Vaibhav Chambers, Opposite Income
Tax, Bandra- Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
C.B. Joseph and Company Chartered Accountants |
|
Address : |
Fountain Plaza, No.283, Pantheon Road, Egmore, Chennai – 600008,
Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFC8914H |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600,000 |
Equity Shares |
Rs. 100/- each |
Rs. 60.000 Millions |
|
400,000 |
Preference Shares |
Rs. 100/- each |
Rs. 40.000 Millions |
|
|
Total |
|
Rs. 100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
210,000 |
Equity Shares |
Rs. 100/- each |
Rs. 21.000
Millions |
|
200,000 |
Preference Shares |
Rs. 100/- each |
Rs. 20.000 Millions |
|
|
Total |
|
Rs. 41.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
41.000 |
41.000 |
|
(b) Reserves & Surplus |
|
348.074 |
326.566 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
389.074 |
367.566 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
89.163 |
145.388 |
|
(b) Deferred tax liabilities (Net) |
|
39.975 |
48.701 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
129.138 |
194.089 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
780.775 |
764.374 |
|
(b)
Trade payables |
|
0.000 |
0.000 |
|
(c)
Other current liabilities |
|
184.941 |
255.513 |
|
(d)
Short-term provisions |
|
7.339 |
2.808 |
|
Total
Current Liabilities (4) |
|
973.055 |
1022.695 |
|
|
|
|
|
|
TOTAL |
|
1491.267 |
1584.350 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
387.886 |
429.160 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
15.721 |
15.721 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
6.171 |
6.172 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
409.778 |
451.053 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
615.660 |
567.843 |
|
(c)
Trade receivables |
|
200.949 |
258.471 |
|
(d)
Cash and cash equivalents |
|
18.658 |
23.170 |
|
(e)
Short-term loans and advances |
|
229.793 |
272.928 |
|
(f)
Other current assets |
|
16.429 |
10.885 |
|
Total
Current Assets |
|
1081.489 |
1133.297 |
|
|
|
|
|
|
TOTAL |
|
1491.267 |
1584.350 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
41.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
326.205 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
367.205 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
855.222 |
|
|
2] Unsecured Loans |
|
|
13.900 |
|
|
TOTAL BORROWING |
|
|
869.122 |
|
|
DEFERRED TAX LIABILITIES |
|
|
54.788 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1291.115 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
460.271 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
16.232 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
498.278 |
|
|
Sundry Debtors |
|
|
258.448 |
|
|
Cash & Bank Balances |
|
|
20.108 |
|
|
Other Current Assets |
|
|
31.894 |
|
|
Loans & Advances |
|
|
174.065 |
|
Total
Current Assets |
|
|
982.793 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
162.565 |
|
|
Provisions |
|
|
5.616 |
|
Total
Current Liabilities |
|
|
168.181 |
|
|
Net Current Assets |
|
|
814.612 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1291.115 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
1942.803 |
1905.821 |
1264.792 |
|
|
|
Other Income |
65.987 |
89.837 |
84.430 |
|
|
|
TOTAL (A) |
2008.790 |
1995.658 |
1349.222 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1630.068 |
1562.801 |
|
|
|
|
Employee benefit expense |
90.158 |
112.954 |
|
|
|
|
Other expenses |
113.761 |
171.880 |
|
|
|
|
TOTAL (B) |
1833.987 |
1847.635 |
1210.150 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
174.803 |
148.023 |
139.072 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
112.862 |
103.350 |
77.536 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
61.941 |
44.673 |
61.536 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
41.105 |
40.819 |
41.684 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
20.836 |
3.854 |
19.852 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(3.462) |
0.686 |
(2.928) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
24.298 |
3.168 |
22.780 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
160.453 |
160.093 |
144.229 |
|
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Capital redemption reserve |
NA |
0.000 |
1.300 |
|
|
|
Preference Dividend |
|
2.400 |
4.800 |
|
|
|
Tax on Dividend |
|
0.408 |
0.816 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
160.453 |
160.093 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
1088.762 |
838.184 |
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
12.820 |
61.860 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
59.26 |
15.09 |
108.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.21
|
0.16 |
1.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.07
|
0.20 |
1.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.41
|
0.25 |
1.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.01 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.24
|
2.48 |
2.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.11 |
5.84 |
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
31.459 |
46.959 |
|
Total |
31.459 |
46.959 |
Note:
The registered office of the company has been shifted from No.1. 3rd Street, Padmanabha Nagar, Adyar, Chennai - 600020, Tamilnadu, India to the present address w.e.f.15.07.2010
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U17301TN1991PLC020736 |
|
Name of the
company |
SHAKTHI KNITTING
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Land Marvel, Flat No. F-1, First Floor, New No. 3, First Main Road,
Indira Nagar, Adyar, Chennai - 600020, Tamilnadu, India Email: shakthi@shakthiknitting.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
India Factoring and
Finance Solutions Private Limited, 6th Floor, Vaibhav Chambers, Opposite
Income Tax, Bandra- Kurla Complex, Bandra (East), Mumbai - 400051,
Maharashtra, India Email: anirudh.thakur@indiafactoring.in
CIN No.:
U65923MH2009PTC197957 |
|
Nature of
description of the instrument creating or modifying the charge |
Facility letters
(as amended from time to time) Memorandum of
deposits of title deeds |
|
Date of
instrument Creating the charge |
11.12.2012 |
|
Amount secured by
the charge |
Rs. 80.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 14.50% p.a.
Discounting Charge (as amended from time to time) Terms of Repayment Repayable on
demand Margin Prepayment
Percentage - 85% of the approved receivable value Extent and Operation of the charge Exclusive charge
over the Company's Immovable Properties by way of deposit of Title Deeds with
an intention to create exclusive mortgage over the said Immovable Properties
(as described in second schedule of Memorandum of Title Deeds) in favour
charge holder as security for repayment of the monies due in respect of the
facilities together with the interest thereon at the agreed rate and all
other monies payable by the Company with regards the said Facilities. |
|
Short particulars
of the property charged |
Exclusive charge
over the Company's Immovable Properties being: 1) Property at SF
No.541/1B, Site No.7, Transport Nagar Phase I, Near KPR Mills Limited, and
Maharaja World, Neelambur Village and Panchayat, Sulur S.R.O., Sulur Taluk,
Coimbatore Dt., admeasuring 8476 Sq ft 2) Property at SF
No.541/1B, Site No.11, Transport Nagar Phase I, Near KPR Mills Limited, and
Maharaja World, Neelambur Village and Panchayat, Sulur S.R.O, Sulur Taluk,
Coimbatore Dt., admeasuring 10899 Sq ft 3) Property at SF
No.541/1B, Site No.13-B, (Site No.13 Southern Part) Transport Nagar Phase I,
Near KPR Mills Limited, and Maharaja World, Neelambur Village and Panchayat,
Sulur S.R.O, Sulur Taluk, Coimbatore Dt., admeasuring 5564 Sq ft. 4) Row house
situated at Plot No.17, ARJEE Gardens, SF.No.504/2, Rakiapalayam Village,
Thirumurugan Poondi Panchayat, Avinashi Taluk, Tirupur District. |
FIXED ASSETS:
¯ Land
¯ Buildings
¯ Other building
¯ Plant and equipment
¯ Other plant and equipment
¯ Furniture and fixtures
¯ Vehicles
¯ Motor vehicles
¯ Office equipment
¯ Computer equipments
¯ Other
equipments
PRESS RELEASE
INTELLECTUAL PROPERTY
INDIA PUBLISHES PATENT APPLICATION FOR 'MEDICAL PRODUCT FOR DRESSING WOUNDS'
FILED BY SHAKTHI KNITTING
MUMBAI, India, June 26 -- Intellectual Property India has published a patent application (2188/CHE/2013 A) filed by Shakthi Knitting Limited, Tirupur, Tamilnadu on May 17 for a 'medical product for dressing wounds.' The application for the patent - which was invented by Michael Rodrigues, Siddamalai Gounder Krishnaswamy Vivekananda and Sundaravadivelu Vasanth Kumar - was published on June 14 under issue no. 24/2013. According to the abstract released by the Intellectual Property India: "A medical product for dressing wounds is provided. The medical product includes a substrate. The substrate includes a first part, a second part and an intermediate part, wherein the intermediate part is in between the first part and the second part. The density of the intermediate part is lesser than the density of the first part and the second part. Further, the medical product includes an antimicrobial agent. The antimicrobial agent is Quaternary Ammonium Salt, wherein the antimicrobial agent is received by the substrate, thereby exposing the antimicrobial agent to an wound dressed using the medical product." The patent application was internationally filed on Jan. 1, 1900 under International application No. PCT//.
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. 60.07 |
|
|
1 |
Rs. 89.91 |
|
Euro |
1 |
Rs. 77.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.