MIRA INFORM REPORT
|
Report No. : |
352598 |
|
Report Date : |
05.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZONAC KNITTING MACHINES PRIVATE LIMITED |
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|
|
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Registered
Office : |
C-64, 1st Floor Ashok Vihar Phase-1, New Delhi - 110052 |
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Mob. No.: |
91-9899961144 (Mr. Naresh Mathur) |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
10.03.1988 |
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Com. Reg. No.: |
55-030908 |
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Capital
Investment / Paid-up Capital : |
Rs. 24.219 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1988PTC030908 |
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|
|
|
IEC No.: |
0588142531 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELZ00390F |
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PAN No.: [Permanent Account No.] |
AAACZ0038N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Hosiery, Readymade Garments like Socks,
Stockings, Tights, Hankies, etc. [Confirmed by Management] |
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|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 516000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1988 and is engaged in the manufacturing
of hosiery garments, i.e., socks, stockings etc., at its manufacturing
facility located at Greater Noida. Rating takes into consideration strong financial risk profile of the
company marked by adequate networth base and comfortable gearing in FY15. Further the company has reported significant increase in sales
turnover along with decent profit margin in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track record of business operations, the company can
be considered for business dealings with 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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
March 13, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March 13, 2015 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Naresh Mathur |
|
Designation : |
Accountant |
|
Contact No.: |
91-9899961144 |
|
Date : |
02.12.2015 |
LOCATIONS
|
Registered Office : |
C-64, 1st Floor Ashok Vihar Phase-1, New Delhi – 110052, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9899961144 (Mr. Naresh Mathur) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Locality |
Residential |
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|
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Factory 1 : |
Plot No.C-8/2, Site-C, UPSIDC Industrial Area, Surajpur Greater Noida - 201309, Uttar Pradesh, India |
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Tel. No.: |
91-120-2561114 |
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|
|
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Factory 2 : |
Plot No. D-1/ D-2, Site-B UPSIDC Industrial Area, Surajpur, Greater Noida - 201309, Uttar Pradesh, India |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Ajay Kumar Jain |
|
Designation : |
Director |
|
Address : |
C-64, Block-C, Ashok Vihar, Phase-I, Delhi - 110052, India |
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Date of Birth/Age : |
24.10.1966 |
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Date of Appointment : |
28.02.1994 |
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DIN No.: |
00098243 |
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|
|
|
Name : |
Mr. Raj Kumar Jain |
|
Designation : |
Managing director |
|
Address : |
C-64, Block-C, Ashok Vihar, Phase-I, Delhi - 110052, India |
|
Date of Birth/Age : |
28.12.1964 |
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Date of Appointment : |
10.03.2007 |
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DIN No.: |
00098271 |
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|
|
|
Name : |
Mr. Nihal Chand Jain |
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Designation : |
Director |
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Address : |
C-64, Block-C, Ashok Vihar, Phase-I, Delhi - 110052, India |
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Date of Birth/Age : |
19.07.1942 |
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Date of Appointment : |
28.02.1994 |
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DIN No.: |
00098296 |
KEY EXECUTIVES
|
Name : |
Mr. Naresh Mathur |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Raj Kumar Jain |
|
568900 |
|
Raj Kumar Jain (HUF) |
|
332000 |
|
Sushma Jain |
|
91000 |
|
Anusha Jain |
|
20000 |
|
Malvika Jain |
|
20000 |
|
Nihal Chand Jain |
|
32000 |
|
Nihal Chand Jain & Sons (HUF) |
|
150000 |
|
Sanjay Jain |
|
516000 |
|
Sanjay Jain (HUF) |
|
46000 |
|
Shalini Jain W/o Sh. Sanjay Jain |
|
46000 |
|
Ajay Kumar Jain |
|
220000 |
|
Ajay Kumar Jain (HUF) |
|
50000 |
|
Sweta Jain |
|
20000 |
|
Kusum Lata Jain |
|
2000 |
|
V.K Gupta |
|
146750 |
|
Rakesh Jain |
|
45000 |
|
Manish Jain |
|
60000 |
|
Tirupati Industrial Waste Management Private Limited |
|
2500 |
|
Sushil Kumar Lalwani |
|
2500 |
|
R H Design India Private Limited. |
|
2500 |
|
Nishad Consultants Private Limited |
|
5000 |
|
Rajmata Finlease Private Limited |
|
5000 |
|
Assure Financial Services Private Limited |
|
2500 |
|
Venktesh Gupta |
|
2500 |
|
Manju Gupta |
|
2500 |
|
|
|
|
|
Total |
|
2390650 |
AS ON 28.03.2015
|
Names of Allottee |
|
No. of Shares |
|
Nihal Chand Jain |
|
31250 |
|
|
|
|
|
Total |
|
31250 |
AS ON 29.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Hosiery, Readymade Garments like Socks,
Stockings, Tights, Hankies, etc. [Confirmed by Management] |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Dubai |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Akash Enterprises, New Delhi · Arihant Sales, New Delhi · Asha Traders · ECS Corporation, New Delhi · Jagruti Enterprises · Shivam Industries · Sujata Enterprises · Nitin Board Co.
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Customers : |
Retailers and End Users · Anil Traders · Arora Footwear · Chokshi Enterprises · Jain Sons · H.K. Textiles · Kirti Collections · Meet Garments · Ramesh Garments
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Vinay Jain and Associates Chartered Accountants |
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Address : |
18/12, W.E.A. Pusa Lane, Arya Samaj Road, Karol Bagh, Delhi – 110005,
India |
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Tel. No.: |
91-11-28753909 |
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Mobile No.: |
91-9811228611 |
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Fax No.: |
91-11-28756275 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AADFV4563C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
·
Sogo Fashions Private Limited ·
Bonjour International ·
Bonjour Retail |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,421,900 |
Equity Shares |
Rs. 10/- each |
Rs. 24.219
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
24.219 |
23.907 |
19.907 |
|
(b) Reserves & Surplus |
156.402 |
137.021 |
94.355 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
1.700 |
|
Total
Shareholders’ Funds (1) + (2) |
180.621 |
160.928 |
115.962 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
67.738 |
90.659 |
55.400 |
|
(b) Deferred tax liabilities (Net) |
4.516 |
1.011 |
3.778 |
|
(c)
Other long term liabilities |
6.979 |
5.043 |
3.573 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
79.233 |
96.713 |
62.751 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
69.995 |
131.950 |
99.109 |
|
(b)
Trade payables |
30.122 |
17.500 |
24.771 |
|
(c)
Other current liabilities |
43.546 |
37.162 |
31.040 |
|
(d)
Short-term provisions |
13.770 |
8.151 |
6.949 |
|
Total
Current Liabilities (4) |
157.433 |
194.763 |
161.869 |
|
|
|
|
|
|
TOTAL |
417.287 |
452.404 |
340.582 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
159.096 |
139.116 |
101.438 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
7.283 |
37.543 |
2.618 |
|
(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 |
1.997 |
1.159 |
1.086 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
168.376 |
177.818 |
105.142 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
127.340 |
166.536 |
132.498 |
|
(c)
Trade receivables |
81.785 |
82.354 |
79.092 |
|
(d)
Cash and cash equivalents |
12.046 |
12.665 |
11.307 |
|
(e)
Short-term loans and advances |
11.755 |
9.643 |
8.636 |
|
(f)
Other current assets |
15.985 |
3.388 |
3.907 |
|
Total
Current Assets |
248.911 |
274.586 |
235.440 |
|
|
|
|
|
|
TOTAL |
417.287 |
452.404 |
340.582 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
721.596 |
619.367 |
475.328 |
|
|
|
Other Income |
6.305 |
3.395 |
3.298 |
|
|
|
TOTAL (A) |
727.901 |
622.762 |
478.626 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
432.723 |
415.688 |
334.623 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
9.326 |
(14.131) |
(27.545) |
|
|
|
Employees benefits expense |
57.203 |
39.787 |
27.845 |
|
|
|
Other expenses |
143.588 |
110.840 |
95.949 |
|
|
|
TOTAL (B) |
642.840 |
552.184 |
430.872 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
85.061 |
70.578 |
47.754 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
28.266 |
24.761 |
15.478 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
56.795 |
45.817 |
32.276 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
24.694 |
13.793 |
9.155 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
32.101 |
32.024 |
23.121 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
17.068 |
5.358 |
7.066 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
15.033 |
26.666 |
16.055 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings (FOB Basis) |
143.694 |
88.633 |
75.018 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.28 |
13.18 |
8.07 |
|
Expected Sales (2015-2016): Rs.800.000 Million
The above information has been parted by Mr. Naresh Mathur [Accountant]
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities
of Long term debt |
|
|
|
|
T/Loan-SI-117077305798-Sec. by Hyp. of P&M) |
11.488 |
11.488 |
0.000 |
|
T/Loan-SI-117077305732-Sec. by Hyp. of P&M) |
0.000 |
6.140 |
7.205 |
|
T/Loan-SI-117077305790-Sec. by Hyp. of P&M) |
0.000 |
0.000 |
0.415 |
|
T/Loan-SI-117077305791-Sec. by Hyp. of P&M) |
2.994 |
2.994 |
2.994 |
|
T/Loan-SI-117077305786-Sec. by Hyp. of P&M) |
0.000 |
0.000 |
0.500 |
|
T/Loan-SI-117077305797-Sec. by Hyp. of P&M) |
0.000 |
0.000 |
0.500 |
|
H/Loan-Sec. by Leased Land-KP-II, Noida |
2.174 |
2.174 |
2.174 |
|
Canara bank (Vehicle Loan#1170603005891 |
0.153 |
0.153 |
0.153 |
|
Canara bank (Vehicle Loan#1170603005890 |
0.153 |
0.117 |
0.117 |
|
Canara Bank (A/L-1170603005904) |
0.266 |
0.266 |
0.000 |
|
Canara Bank (A/L-1170603005905) |
0.266 |
0.266 |
0.000 |
|
Canara Bank (A/L-1170603005911)Eco |
0.156 |
0.156 |
0.000 |
|
Canara Bank (A/L-1170740005814 Eicher) |
0.225 |
0.265 |
0.000 |
|
HDFC Bank (Toyota Innova) |
0.557 |
0.302 |
0.626 |
|
ICICI Car Loan (LUNOD00026781180) |
0.665 |
0.784 |
0.784 |
|
Canara Bank (A/L-1170603005920) |
0.489 |
0.000 |
0.000 |
|
Canara Bank (A/L-1170603005922) |
0.117 |
0.000 |
0.000 |
|
Canara Bank (A/L-1170603005929) |
0.166 |
0.000 |
0.000 |
|
ING Vysya Bank Limited (Auto Loan # AL5300357892) |
0.000 |
0.000 |
0.172 |
|
ING Vysya Bank Limited (Auto Loan # AL5300357903) |
0.000 |
0.000 |
0.172 |
|
Total |
19.869 |
25.105 |
15.812 |
|
|
|
|
|
|
Cash generated from operations |
157.964 |
(13.827) |
NA |
|
|
|
|
|
|
Net Cash from operating activities |
147.982 |
(20.820) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.08 |
4.31 |
3.38 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.79 |
11.40 |
10.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.83 |
7.72 |
6.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.20 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.87 |
1.54 |
1.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.41 |
1.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
19.907 |
23.907 |
24.219 |
|
Reserves & Surplus |
94.355 |
137.021 |
156.402 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
1.700 |
0.000 |
0.000 |
|
Net
worth |
115.962 |
160.928 |
180.621 |
|
|
|
|
|
|
Long-term borrowings |
55.400 |
90.659 |
67.738 |
|
Short term borrowings |
99.109 |
131.950 |
69.995 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
15.812 |
25.105 |
19.869 |
|
Total
borrowings |
170.321 |
247.714 |
157.602 |
|
Debt/Equity ratio |
1.469 |
1.539 |
0.873 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
475.328 |
619.367 |
721.596 |
|
|
|
30.303 |
16.505 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
475.328 |
619.367 |
721.596 |
|
Profit |
16.055 |
26.666 |
15.033 |
|
|
3.38% |
4.31% |
2.08% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10571409 |
19/05/2015 |
400,000.00 |
CANARA BANK |
SHAKTI NAGAR,, NEW
DELHI, DELHI - 110007, INDIA |
C54650064 |
|
2 |
10543056 |
30/12/2014 |
425,000.00 |
CANARA BANK |
SHAKTI NAGAR,,
DELHI, DELHI - 110007, INDIA |
C40457491 |
|
3 |
10535399 |
18/11/2014 |
33,633,000.00 |
CANARA BANK |
SHAKTI NAGAR,,
DELHI, DELHI - 110007, INDIA |
C36248003 |
|
4 |
10495819 |
13/05/2014 |
300,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
C04387809 |
|
5 |
10487829 |
04/04/2014 |
1,250,000.00 |
CANARA BANK |
CANARA BANK,
DELHI, DELHI - 110007, INDIA |
C02180107 |
|
6 |
10454919 |
24/09/2013 |
400,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
B87500807 |
|
7 |
10443528 |
10/08/2013 |
600,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
B82348392 |
|
8 |
10443524 |
03/08/2013 |
680,000.00 |
CANARA BANK |
SHAKTI NAGAR, DELHI,
DELHI - 110007, INDIA |
B82346677 |
|
9 |
10443530 |
03/08/2013 |
680,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
B82347394 |
|
10 |
10440036 |
06/07/2013 |
68,923,000.00 |
CANARA BANK |
SHAKTI NAGAR, DELHI,
DELHI - 110007, INDIA |
B80893084 |
|
11 |
10440072 |
18/11/2014 * |
339,466,000.00 |
CANARA BANK |
SHAKTI NAGAR,,
DELHI, DELHI - 110007, INDIA |
C36247591 |
|
12 |
10430126 |
22/05/2013 |
14,300,000.00 |
CANARA BANK |
SHAKTI NAGAR, DELHI,
DELHI - 110007, INDIA |
B76725993 |
|
13 |
10401450 |
28/01/2013 |
590,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
B67379040 |
|
14 |
10396051 |
22/12/2012 |
450,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
B65545857 |
|
15 |
10397492 |
22/12/2012 |
2,500,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
B66062001 |
|
16 |
10257034 |
26/12/2010 |
14,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B01844067 |
|
17 |
10237351 |
11/08/2010 |
2,000,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
A93761450 |
|
18 |
10237353 |
11/08/2010 |
19,460,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
A93761641 |
|
19 |
10180549 |
05/10/2009 |
2,500,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
A71636336 |
|
20 |
10056388 |
18/11/2014 * |
339,466,000.00 |
CANARA BANK |
SHAKTI NAGAR,, DELHI,
DELHI - 110007, INDIA |
C36247096 |
|
21 |
10050469 |
20/03/2007 |
5,000,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
A15054836 |
|
22 |
10050470 |
20/03/2007 |
38,000,000.00 |
CANARA BANK |
SHAKTI NAGAR, DELHI,
DELHI - 110007, INDIA |
A15055189 |
|
23 |
10050468 |
11/08/2010 * |
5,000,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
A93762334 |
|
24 |
10021538 |
01/09/2006 |
3,500,000.00 |
CANARA BANK |
SHAKTI NAGAR, DELHI,
DELHI - 110007, INDIA |
A05454152 |
|
25 |
90064463 |
31/07/2003 |
4,800,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
- |
|
26 |
90064237 |
06/07/2013 * |
25,000,000.00 |
CANARA BANK |
SHAKTI NAGAR,
DELHI, DELHI - 110007, INDIA |
B80870108 |
|
27 |
90063698 |
18/11/2014 * |
145,000,000.00 |
CANARA BANK |
SHAKTI NAGAR,,
DELHI, DELHI - 110007, INDIA |
C36246767 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Others |
|
|
|
Directors & Family Members/Relatives |
6.300 |
11.325 |
|
Body Corporates /Firms |
6.000 |
14.253 |
|
|
|
|
|
Total |
12.300 |
25.578 |
CORPORATE INFORMATION
Subject is private limited company domiciled in India and incorporated under the provisions of the companies Act, 1956. Its share is not listed on any stocks exchanges in or outside India. The company is engaged in manufacturing, trading / resale of the hosiery readymade garments, textile made ups under textile garment manufacturing sector. The company caters, both the domestic & international markets.
FIXED ASSETS:
· Land
· Air Conditioners
· Furniture and Fixture
· Vehicles
· Electric Fans
· Plant and Machinery
· Fire Extinguisher
· Other Equipments
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. 66.84 |
|
|
1 |
Rs. 101.04 |
|
Euro |
1 |
Rs. 73.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
6 |
|
--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 |
|
47 |
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.