MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
HIMATSINGKA WOVENS PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRH02443A |
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PAN No.: [Permanent Account No.] |
AABCA6710F |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Information declined by the management. |
BUSINESS DETAILS
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Line of Business : |
Traders
of 100% Natural Silk Fabrics, Silk Blinded Febrics and Cotton Febrics Poly
Fillers. |
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Products : |
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Brand Names : |
ATMOSPHERE |
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management. |
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Bankers : |
·
ICICI Bank Limited landmark ·
The Hongkong and Shanghai Banking Corporation
Limited No7, Mahatma Gandhi Road, Bangalore, Bangalore - 560001, Karnataka, India ·
Export-Import Bank of India, Centre One Building,
Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai - 400005, Maharashtra,
India |
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Facilities : |
SECURED LOANS
UNSECURED LOAN
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountant |
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Address : |
Deloitte Centre, Anchorage II 100/2, Richmond Road, Bangalore 560025,
Karnataka, India |
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PAN No.: |
AACFD3771D |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
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Bihar Mercantile
Union Limited CIN No.: U51909WB1946PLC014119 |
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Holding company
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Himatsingka
Seide Limited CIN No.:
L17112KA1985PLC006647 |
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Fellow
subsidiary : |
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Himatsingka America, Inc. ·
Twill and Oxford LLC. ·
Divatex Home Fashions, Inc. ·
DWI Holdings, Inc. |
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Wholly owned
subsidiary : |
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Himatsingka Singapore Private Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.08.2013
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Names of Shareholders |
No. of Shares |
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Himatsingka Seide Limited, India |
1249993 |
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Dinesh Kumar Himatsingka |
1 |
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Aloy Kumar Himatsingka |
1 |
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Aditya Himatsingka |
1 |
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Shrikant Himatsingka |
1 |
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Jayashree Poddar |
1 |
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P Chinnaraj |
1 |
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Amit Jain |
1 |
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Total |
1250000 |
AS ON 12.08.2013
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Bodies
corporate (not mentioned above) |
100.00 |
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TOTAL |
100.00 |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders'
Funds |
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(a) Share Capital |
125.000 |
125.000 |
125.000 |
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(b) Reserves & Surplus |
88.203 |
94.911 |
63.965 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
213.203 |
219.911 |
188.965 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
9.999 |
74.721 |
305.442 |
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(b) Deferred tax liabilities (Net) |
16.777 |
19.704 |
16.034 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.015 |
6.679 |
2.585 |
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Total Non-current Liabilities (3) |
26.791 |
101.104 |
324.061 |
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(4) Current Liabilities |
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(a) Short
term borrowings |
103.844 |
117.896 |
130.227 |
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(b) Trade
payables |
87.099 |
41.222 |
18.767 |
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(c) Other
current liabilities |
80.143 |
30.648 |
132.791 |
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(d) Short-term provisions |
10.533 |
2.862 |
2.620 |
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Total Current
Liabilities (4) |
281.619 |
192.628 |
284.405 |
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TOTAL |
521.613 |
513.643 |
797.431 |
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I.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
124.935 |
136.028 |
360.131 |
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(ii)
Intangible Assets |
9.344 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
19.878 |
19.878 |
108.277 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
38.156 |
35.207 |
34.724 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
192.313 |
191.113 |
503.132 |
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(2) Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
221.224 |
226.725 |
196.544 |
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(c) Trade
receivables |
73.638 |
67.420 |
50.531 |
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(d) Cash
and cash equivalents |
3.731 |
1.466 |
6.274 |
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(e)
Short-term loans and advances |
20.941 |
18.511 |
25.929 |
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(f) Other
current assets |
9.766 |
8.408 |
15.021 |
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Total Current Assets |
329.300 |
322.530 |
294.299 |
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TOTAL |
521.613 |
513.643 |
797.431 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
461.600 |
438.900 |
425.700 |
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Other Income |
18.200 |
18.000 |
22.800 |
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TOTAL |
479.800 |
456.900 |
448.500 |
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Less |
EXPENSES |
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Office Expenses |
424.900 |
389.500 |
360.800 |
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Other Expenses |
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Advertising Expenses |
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TOTAL |
424.900 |
389.500 |
360.800 |
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PROFIT BEFORE
INTEREST, TAX EXCEPTIONAL ITEMS |
54.900 |
67.400 |
87.700 |
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Less/ Add |
EXCEPTIONAL
ITEMS |
0.000 |
24.400 |
0.000 |
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PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
54.900 |
91.800 |
87.700 |
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Less |
INTEREST |
21.900 |
22.900 |
45.300 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.000 |
68.900 |
42.400 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
13.200 |
13.100 |
21.400 |
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PROFIT BEFORE
TAX |
19.800 |
55.800 |
21.000 |
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Less |
TAX |
26.600 |
24.900 |
6.900 |
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PROFIT AFTER TAX
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(6.800) |
30.900 |
14.100 |
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EARNINGS IN
FOREIGN CURRENCY |
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FOB Value Export |
141.900 |
96.300 |
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Other Earnings |
0.300 |
2.200 |
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TOTAL EARNINGS |
142.200 |
98.500 |
NA |
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Earnings Per
Share (Rs.100/-) |
(5.37) |
24.76 |
11.00 |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
No. 10/24, kumara krupa, High Ground, Bangalore – 560001, Karnataka,
India |
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Tel. No.: |
91-80-22378000 |
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Mobile No.: |
91-9980599805 (Mr. Hari Prasad Parthasarathy) |
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Fax No.: |
91-80-22378074 |
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E-Mail : |
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Website : |
Note :-
Registered office of the company has been
shifted from 2/1, Midford Gardens, M.G. Road, Bangalore – 560001, Karnataka, India
to the present address w.e.f. 22.05.2006.
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.