MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

Tommy Hilfiger Arvind Fashion PRIVATE LIMITED (w.e.f. 06.01.2012)

 

 

Formerly Known As :

ARVIND MURJANI BRANDS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AAECA3768J

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

The Subject is engaged in marketing and wholesale trading activity of Tommy Hilfiger brand apparels, accessories and other products.

 

 

Products :

ITC Code

Products or Services

62052000

Men's or Boy's Shirts of Cotton

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         State Bank Of India, Industrial Finance Branch, Residency Plaza, Residency Road,, Bangalore - 560025, Karnataka, India

·         The Lakshmi Vilas Bank Limited, Jayanagar Branch, No.460/2, 8th B Main Road, 4th Block Jayanagar, Bangalore - 560011, Karnataka, India

·         The Lakshmi Vilas Bank Limited,No.153, Old Madras Road, Halasuru, Bangalore - 560008, Karnataka, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Working capital loans from banks

218.940

328.090

 

 

 

Total

218.940

328.090

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

S.R. Batliboi and Associates

Chartered Accountants

Address :

12th and 13th Floor, ?UB City, Canberra Block, No. 24, VittalMallya Road,  Bengaluru -560 001, Karnataka, India

 

 

Related Party:

·         Aura Securities Private Limited

·         Arvind Limited

·         Tommy Hilfiger Europe BV

·         Tommy Hilfiger B.V.

·         Arvind Lifestyle Brands Limited

·         Tommy Hilfiger USA Inc

·         GVM International Limited

·         Tommy Hilfiger Global Sourcing

·         Tommy Hilfiger (HK) Limited

·         Tommy Hilfiger Licensing LLC

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

No. of Shares

%age

Arvind Limited, India

11461839

50.00

Tommy Hilfiger Europe B. B., Netherlands

2063131

9.00

Tommy Hilfiger B.V, Netherlands

9398708

41.00

 

 

 

Total

22923678

100.00

 

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

229.240

179.590

177.000

(b) Reserves & Surplus

425.280

53.590

(12.440)

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

151.530

15.280

Total Shareholders’ Funds (1) + (2)

654.520

384.710

179.840

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

20.220

16.010

0.000

(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)

20.220

16.010

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

218.940

328.090

201.760

(b) Trade payables

271.800

138.180

77.270

(c) Other current liabilities

74.890

241.960

5.050

(d) Short-term provisions

6.210

4.500

4.210

Total Current Liabilities (4)

571.840

712.730

288.290

 

 

 

 

TOTAL

1,246.580

1,113.450

468.130

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

85.710

50.070

29.310

(ii) Intangible Assets

349.590

363.690

0.000

(iii) Capital work-in-progress

0.000

0.090

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

109.200

88.340

45.050

(e) Other Non-current assets

5.100

5.870

5.700

Total Non-Current Assets

549.600

508.060

80.060

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

483.910

410.530

214.920

(c) Trade receivables

153.580

134.320

137.540

(d) Cash and cash equivalents

6.350

3.790

3.050

(e) Short-term loans and advances

50.410

39.110

31.780

(f) Other current assets

2.730

17.640

0.780

Total Current Assets

696.980

605.390

388.070

 

 

 

 

TOTAL

1,246.580

1,113.450

468.130

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Income

1,889.770

1,378.300

805.120

 

Other Income

5.730

11.270

2.420

 

TOTAL (A)

1,895.500

1,389.570

807.540

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL (B)

1,734.850

1,263.130

710.990

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

160.650

126.440

96.550

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

40.330

28.030

21.280

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

120.320

98.410

75.270

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

40.250

22.230

7.920

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

80.070

76.180

67.350

 

 

 

 

 

Less

TAX (I)

19.720

22.530

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-I)   (J)

60.350

53.650

67.350

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

2.63

2.35

NA

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear (Gujarat case site not working.)

 

 

RBI DEFAULTERS LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

The Arvind Mills Premisesnaroda Road, Ahmedabad – 380025, Gujarat

Tel. No.:

91-80-49363200

Fax No.:

Not Available

E-Mail :

lipi.jha@th-india.com

 

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