MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

NATURAL TEXTILES PRIVATE LIMITED (w.e.f.16.09.2002)

 

 

Formerly Known As :

NATURAL TEXTILES LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BLRN00462A

 

 

PAN No.:

[Permanent Account No.]

AAACN4745L

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Knit Fabrics and Garments.

 

PRODUCTION STATUS (AS ON 31.03.2011)

 

Class of goods produced by the company

Licensed Capacity

Installed Capacity

Actual Production

 

Qty.

No. of

Shifts

Qty.

Qty.

 

 

 

 

 

Knit Fabrics Garments of all varieties for men, women & children

NA

1

9

million

839,721

 

 

 

 

 

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Corporation Bank, Industrial Finance Branch, No. 30, Mission Road, Bangalore - 560027, Karnataka, India

 

 

Facilities :

SECURED LOANS

31.03.2011

(Rs. In Millions)

31.03.2010

(Rs. In Millions)

 

 

 

Rupee term loans banks

39.248

39.750

Working capital loans banks

79.743

77.409

Other debt

0.437

0.295

 

 

 

Total

119.428

117.454

 

 

 

UNSECURED LOANS

31.03.2011

(Rs. In Millions)

31.03.2010

(Rs. In Millions)

 

 

 

Fully convertible debentures

16.797

16.797

Loans directors

7.000

7.000

Other debt

14.600

10.000

 

 

 

Total

38.397

33.797

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Manian and Rao

Chartered Accountants

Address :

No. 361, 1st Floor, 7th Cross, 1st Block, Jayanagar, Bangalore – 560011, Karnataka, India

Income-tax PAN of auditor or auditor's firm :

AAHFM0757B

 

 

Holding Company :

Vasudha Portfolios Private Limited

CIN No.: U74140KA2002PTC030551

 

 

Subsidiaries :

·         Natural Street Private Limited

CIN No.: U18101KA2005PTC036442

·         NTPL Europa AG

 

 

Joint Venture :

Natural Intima Private Limited

CIN No.: U17111KA2007PTC041978

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2010

 

Names of Shareholders

 

No. of Shares

 

Rashmi Navalkumar Thakeria

 

100

Vasudha Portfolio Private Limited, India 

 

11999895

Parvathi N Thakeria

 

1

Ashok Navalkumar Thakeria

 

1

Kanchana Thakeria

 

1

Ram Madvani

 

1

Mahesh Samarth

 

1

 

 

 

Total

 

 

12000000

 

 

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

120.000

120.000

120.000

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

139.092

139.092

0.000

4] (Accumulated Losses)

(24.906)

(27.127)

(28.942)

NETWORTH

234.186

231.965

91.058

LOAN FUNDS

 

 

 

1] Secured Loans

119.428

117.454

91.613

2] Unsecured Loans

38.397

33.797

23.797

TOTAL BORROWING

157.825

151.251

115.410

DEFERRED TAX LIABILITIES

0.000

0.000

0.527

 

 

 

 

TOTAL

392.011

383.216

206.995

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

196.531

202.546

68.431

Capital work-in-progress

65.608

35.023

8.362

 

 

 

 

INVESTMENT

17.100

24.621

24.620

DEFERRED TAX ASSETS

9.819

9.942

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
58.434

60.481

69.919

 

Sundry Debtors
41.742

23.708

46.795

 

Cash & Bank Balances
10.135

30.276

6.674

 

Other Current Assets
0.000

0.000

0.000

 

Loans & Advances
65.903

66.491

62.423

Total Current Assets
176.214

180.956

185.811

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
60.695

61.186

67.989

 

Other Current Liabilities
7.050

1.946

6.936

 

Provisions
5.516

6.740

5.304

Total Current Liabilities
73.261

69.872

80.229

Net Current Assets
102.953

111.084

105.582

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

392.011

383.216

206.995

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2011

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

TOTAL                                    

224.611

321.705

327.214

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

222.267

330.359

362.298

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

2.344

(8.654)

(35.084)

 

 

 

 

 

Less

TAX                                                                 

0.123

(10.470)

0.000

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

2.221

1.816

(35.084)

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export of goods calculated on FOB basis

179.291

281.208

277.317

 

 

Exchange gain (net)

1.695

5.752

0.000

 

TOTAL EARNINGS

180.986

286.960

277.317

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials and accessories

8.711

23.031

34.199

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

 

 

 

 

Basic

0.19

0.15

(2.92)

 

Diluted

0.16

0.14

--

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (27)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Exist

 

LITIGATION DETAILS

 

CASE PENDING

 

HIGH COURT OF KARNATAKA -BANGALORE BENCH

COP 20/2014

 

Petitioner/Appnt. Name

SCHENKER INDIA PRIVATE LIMITED

Respondent/Defnt. Name

M/S NATURAL TEXTILES PRIVATE LIMITED

Petnr./Appnt. Advocate

SHIVANANDA S

Respnt./Defnt. Advocate

V/O DTD 10/07/14

Date Filed

01/02/2014

Classification

 

District

Bangalore City

 

Stage

PENDING FOR ADMISSON

Last Posted For

ADMISSION

Last Action Taken

ADJOURNED

Last Date of Action

Next Hearing Date

 

Latest Order

NO. REP. LIST AFTER 2 WKS

Before Hon'ble Judge/s

A.S.BOPANNA

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

No. 172/ 173/ 174, KIADB Industrial Area, Bommasandra Jigani Link Road, Hennagra Post, Bangalore – 562106, Karnataka, India

Tel. No.:

91-80-27839877/ 66205400

Mobile No.:

91-9845185095 [Mr. Krishna]

Fax No.:

91-80-28521100

E-Mail :

krishnamurthyhn@gmail.com

 

 

Corporate Headquarters :

No. 5/2, 15th Km, Hosur Main Road, Electronic City Post, Bangalore – 560100, Karnataka, India

 

CHANGE OF ADDRESS:

 

The Registered office of the company has been shifted from 5/2, 1-4 Beratana Agrahara, 15th Km Hosur Main Road, Electronic City Post, Bangalore - 560100, Karnataka, India to the present address w.e.f.18.11.2010.

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.