MIRA INFORM REPORT

 

 

Report No. :

307699

Report Date :

12.02.2015

 

IDENTIFICATION DETAILS

 

Name :

PRIMA PRODUCTS PRIVATE LIMITED (w.e.f. 09.04.1999)

 

 

Formerly Known As :

PRIMA PRODUCTS LIMITED (w.e.f. 27.05.1987)

 

PRIMA PRODUCTS PRIVATE LIMITED

 

 

Registered Office :

No. 1, Nava India Road, Coimbatore – 641028, Tamilnadu

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

27.05.1987

 

 

Com. Reg. No.:

18-001972

 

 

Capital Investment / Paid-up Capital :

Rs.0.500 Million

 

 

CIN No.:

[Company Identification No.]

U17111TZ1987PTC001972

 

 

TIN No.:

Not Available

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CMBP03037G

 

 

PAN No.:

[Permanent Account No.]

AABCP3030B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacture, buy and sell, import and export and deal in all types of Disposable hygiene products such as Sanitary Napkins, Tampons, Panty Shields, baby Diapers etc.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (64)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD 1500000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well-established company having fine track record.

 

The rating reflects company’s heathy operational risk profile marked by adequate liquidity position and decent profitability levels of the company.

 

Trade relations are fair. Business is active. Payments are reported to be regular and as per commitment.

 

The company can be considered good for normal business dealings at 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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

CRISIL

Rating

Long Term Rating = AA -

Rating Explanation

High degree of safety and very low credit risk

Date

30.10.2014

 

Rating Agency Name

CRISIL

Rating

Short Term Rating = A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk.

Date

30.10.2014

 

 

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 31-03-2014.


 

LOCATIONS

 

Registered Office :

No. 1, Nava India Road, Coimbatore – 641028, Tamilnadu, India

Tel. No.:

91-422-3060100 / 3095137

Fax No.:

91-422-3060188

E-Mail :

mail@premill.in

sukumaranj@premill.in

 

 

Factory 1 :

Naranapuram Village, Arasur Taluk, Tamilnadu, India

 

 

Factory 2 :

Pachapalayam Village, Avinashi Talu, Tamilnadu, India

 

 

DIRECTORS

 

As on 27.09.2013

 

Name :

Mr. R Jagdish Chandran

Designation :

Director

Address :

245, ATD Street, Race Course, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

06.03.1941

Date of Appointment :

04.08.2006

DIN No.:

00005205

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U17111TZ1945PTC000146

PREMIER SPG AND WVG MILLS PRIVATE LIMITED

Director

12/08/2006

14/08/1964

-

Active

NO

2

U02520TZ1981PTC001107

PREMIER EVOLVICS PRIVATE LIMITED

Managing director

01/04/2009

11/03/1983

-

Active

NO

3

U17111TZ1994PTC005511

PREMIER MILLS PRIVATE LIMITED

Managing director

01/04/2012

16/11/1994

-

Active

NO

4

U17111TZ1995PTC005901

PREMIER FINE LINENS PRIVATE LIMITED

Director

12/08/2006

08/03/1995

-

Active

NO

5

U29252TZ1996PTC007017

PREMIER COTTON TEXTILES PRIVATE LIMITED

Director

08/03/1996

08/03/1996

-

Active

NO

6

U65921TZ1979PTC000861

CAPRICORN GENERAL FINANCE PRIVATE LIMITED

Director

28/09/1998

28/09/1998

-

Active

NO

7

U72200TZ1998PTC008616

NUVA SYSTEMS PRIVATE LIMITED

Director

20/10/1998

20/10/1998

-

Active

NO

8

U52110TZ1987PTC001973

CARE PRODUCTS PRIVATE LIMITED

Director

18/12/1998

18/12/1998

-

Active

NO

9

U29191TZ1984PTC001443

RAAVIAR ENGINEERING PRIVATE LIMITED

Director

18/12/1998

18/12/1998

03/02/2009

Active

NO

10

U65993TZ1999PTC008834

PRIMERA INVESTMENTS PRIVATE LIMITED

Director

12/04/1999

12/04/1999

03/02/2009

Active

NO

11

U17111TZ1987PTC001943

COIMBATORE HOLDINGS PRIVATE LIMITED

Director

19/08/1999

19/08/1999

03/02/2009

Active

NO

12

U17111TZ1981PTC001108

PREMIER TEXTILE TRADERS PRIVATE LIMITED

Director

13/08/2001

13/08/2001

03/02/2009

Active

NO

13

U17111TZ1994PTC005512

PTL TEXTILES COIMBATORE PRIVATE LIMITED

Director

17/08/2001

17/08/2001

-

Active

NO

14

U65993TZ1981PTC001130

UDAMALPET INVESTMENT COMPANY PRIVATE LIMITED

Director

17/09/2001

17/09/2001

-

Active

NO

15

U65910TZ1980PTC000951

PREMIER LEASING PRIVATE LIMITED

Director

17/09/2001

17/09/2001

-

Strike off

NO

16

U65910TZ1980PTC000950

COIMBATORE LEASING PRIVATE LIMITED

Director

17/09/2001

17/09/2001

-

Strike off

NO

17

U65993TZ1983PTC001284

OTHAKKALMANDAPAM INVESTMENT AND FINANCE PRIVATE LIMITED

Director

17/09/2001

17/09/2001

03/02/2009

Active

NO

18

U65993TZ1985PTC001691

BELATHUR INVESTMENTS PRIVATE LIMITED

Director

17/09/2001

17/09/2001

03/02/2009

Active

NO

19

U65993TZ1985PTC001690

BAGALUR INVESTMENTS PRIVATE LIMITED

Director

17/09/2001

17/09/2001

03/02/2009

Active

NO

20

U05110TZ1981PTC001029

SHANTHI CHANDRAN ENTERPRISERS PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

21

U05110TZ1981PTC001024

SABITHA CHANDRAN TRADERS PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

22

U65993TZ1980PTC000907

SABITHA CHANDRAN INVESTMENTS PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

23

U65993TZ1981PTC001011

SABITHA CHANDRAN INVESTMENTS NO II PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

24

U65993TZ1981PTC001012

KAVITHA CHANDRAN INVESTMENTS COIMBATORE PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

25

U65993TZ1980PTC000908

KAVITHA CHANDRAN INVESTMENTS PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

26

U05110TZ1981PTC001028

KAVITHA CHANDRAN ENTERPRISERS PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

27

U50102TZ1981PTC001025

JAGADISH CHANDRAN ENTERPRISERS PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

28

U65993TZ1980PTC000909

JAGADISH CHANDRAN INVESTMENTS PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

29

U65993TZ1981PTC001010

JAGADISH CHANDRAN INVESTMENT COIMBATORE PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

30

U65993TZ1980PTC000911

VIJAYALAKSHMI INVESTMENTS PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

31

U65993TZ1981PTC001009

VIJAYALAKSHMI INVESTMENTS COIMBATORE PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

32

U05110TZ1981PTC001027

VIJAYALAKSHMI ENTERPRISERS PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

33

U65993TZ1981PTC001008

SHANTHI CHANDRAN INVESTMENTS COIMBATORE PRIVATE LIMITED

Director

18/09/2001

18/09/2001

-

Active

NO

34

U65993TZ1983PTC001285

PULANKINAR INVESTMENT AND FINANCE PRIVATE LIMITED

Director

19/09/2001

19/09/2001

-

Active

NO

35

U29191TZ1984PTC001442

DHANALAKSHMI ENGINEERING PRIVATE LIMITED

Director

19/09/2001

19/09/2001

-

Active

NO

36

U70101TZ2002PTC010073

PULIAKULAM HOLDINGS PRIVATE LIMITED

Director

08/03/2002

08/03/2002

-

Active

NO

37

U70101TZ2002PTC010074

BAGALUR HOLDINGS PRIVATE LIMITED

Director

08/03/2002

08/03/2002

-

Active

NO

38

U70101TZ2002PTC010075

UDAMALPET HOLDINGS PRIVATE LIMITED

Director

08/03/2002

08/03/2002

03/02/2009

Active

NO

39

U65993TZ2002PTC010417

GLENDALE HOLDINGS PRIVATE LIMITED

Director

26/12/2002

26/12/2002

-

Active

NO

40

U17111TZ2003PTC010611

ORION POLYFAB PRIVATE LIMITED

Director

30/05/2003

30/05/2003

-

Active

NO

41

U74999TZ1981PTC001106

COIMBATORE TWISTERS PRIVATE LIMITED

Director

18/06/2003

18/06/2003

-

Active

NO

42

U07010TZ2003PTC010635

PFYL HOLDINGS PRIVATE LIMITED

Director

18/06/2003

18/06/2003

-

Active

NO

43

U70102TZ2003PTC010686

RAAVIAR HOLDINGS PRIVATE LIMITED

Director

24/07/2003

24/07/2003

03/02/2009

Active

NO

44

U65993TZ2003PTC010752

ARASUR HOLDINGS PRIVATE LIMITED

Director

05/09/2003

05/09/2003

-

Active

NO

45

U40108TZ2003PTC010753

PERUNGUDI WIND FARMS PRIVATE LIMITED

Director

05/09/2003

05/09/2003

-

Active

NO

46

U65993TZ2003PTC010751

NARANAPURAM HOLDINGS PRIVATE LIMITED

Director

05/09/2003

05/09/2003

-

Active

NO

47

U70101TZ2004PTC010970

PULANKINAR HOLDINGS PRIVATE LIMITED

Director

09/02/2004

09/02/2004

-

Active

NO

48

U65993TZ2004PTC011202

POLYTRONICS HOLDINGS PRIVATE LIMITED

Director

24/06/2004

24/06/2004

-

Active

NO

49

U17111TZ1984PTC001384

COIMBATORE NONWOVENS PRIVATE LIMITED

Director

13/07/2004

13/07/2004

-

Active

NO

50

U18101TZ2004PTC011439

KULATHUR HOLDINGS PRIVATE LIMITED

Director

24/11/2004

24/11/2004

-

Active

NO

51

U17111TZ1987PTC001972

PRIMA PRODUCTS PRIVATE LIMITED

Director

04/08/2006

04/08/2006

-

Active

NO

52

U17111TZ2003PTC010452

COIMBATORE POLYTEX PRIVATE LIMITED

Director

04/08/2006

04/08/2006

-

Active

NO

53

U65993TZ1980PTC000910

SHANTHI CHANDRAN INVESTMENTS PRIVATE LIMITED

Director

18/09/2006

18/09/2006

-

Active

NO

54

U65921TZ1979PTC000842

PGF HOLDINGS (COIMBATORE) PRIVATE LIMITED

Director

28/09/2006

28/09/2006

-

Active

NO

55

U70101TZ2004PTC010971

P C T HOLDINGS PRIVATE LIMITED

Director

30/09/2006

30/09/2006

-

Active

NO

56

U65993TZ2004PTC011203

AVANASHI HOLDINGS PRIVATE LIMITED

Director

30/09/2006

30/09/2006

-

Active

NO

57

U70101TZ2007PTC013415

THENNAMPALAYAM HOLDINGS PRIVATE LIMITED

Director

06/02/2007

06/02/2007

-

Active

NO

58

U70101TZ2007PTC013414

PALLADAM HOLDINGS PRIVATE LIMITED

Director

06/02/2007

06/02/2007

-

Active

NO

59

U70101TZ2007PTC013416

NEELAMBUR HOLDINGS PRIVATE LIMITED

Director

06/02/2007

06/02/2007

-

Active

NO

60

U70102TZ2007PTC013417

IRUGUR HOLDINGS PRIVATE LIMITED

Director

06/02/2007

06/02/2007

-

Active

NO

61

U01111TZ2007PTC013458

VALAVADI FARMS PRIVATE LIMITED

Director

21/02/2007

21/02/2007

-

Active

NO

62

U17111TZ2008PTC014141

PREMIER TEXTILES PRIVATE LIMITED

Director

08/01/2008

08/01/2008

-

Active

NO

63

U17111TZ2008PTC014142

PREMIER FINE YARNS PRIVATE LIMITED

Director

08/01/2008

08/01/2008

-

Active

NO

64

U18101TZ2008PTC014569

PRIMERO GARMENTS PRIVATE LIMITED

Director

18/06/2008

18/06/2008

-

Active

NO

65

U17111TZ2008PTC014617

PREMIER POLYWEAVES PRIVATE LIMITED

Director

07/07/2008

07/07/2008

-

Active

NO

66

U17111TZ2008PTC014616

PREMIER HOME TEXTILES PRIVATE LIMITED

Director

07/07/2008

07/07/2008

-

Active

NO

67

U70101TZ2004PTC010972

CTPL HOLDINGS PRIVATE LIMITED

Director

18/08/2009

03/02/2009

-

Active

NO

68

U07010TZ2003PTC010636

PPL HOLDINGS PRIVATE LIMITED

Director

22/08/2013

21/02/2013

-

Active

NO

69

U70100TZ2013PTC019294

BANGALORE TERRACE HOLDINGS PRIVATE LIMITED

Director

21/03/2013

21/03/2013

-

Active

NO

70

U70100TZ2013PTC019287

HEBBAL HOLDINGS PRIVATE LIMITED

Director

21/03/2013

21/03/2013

-

Active

NO

 

 

Name :

Mr. D Rajendran

Designation :

Director

Address :

233 Tea Estate, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

17.12.1948

Date of Appointment :

05.09.2005

DIN No.:

00003848

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U17111TZ1945PTC000146

PREMIER SPG AND WVG MILLS PRIVATE LIMITED

Managing director

10/03/2006

27/09/1978

-

Active

NO

2

U17111TZ1994PTC005511

PREMIER MILLS PRIVATE LIMITED

Director

16/11/1994

16/11/1994

-

Active

NO

3

U17111TZ1995PTC005901

PREMIER FINE LINENS PRIVATE LIMITED

Director

08/03/1995

08/03/1995

-

Active

NO

4

U05110TZ1981PTC001026

SHEELA TRADERS PRIVATE LIMITED

Director

28/09/1998

28/09/1998

-

Active

NO

5

U65993TZ1981PTC001013

SHEELA INVESTMENTS COIMBATORE PRIVATE LIMITED

Director

28/09/1998

28/09/1998

-

Active

NO

6

U65993TZ1980PTC000921

SHEELA INVESTMENT PRIVATE LIMITED

Director

28/09/1998

28/09/1998

-

Active

NO

7

U65993TZ1992PTC003615

SAMEERA RAJENDRAN INVESTMENTS PRIVATE LIMITED

Director

28/09/1998

28/09/1998

-

Active

NO

8

U65993TZ1992PTC003616

ROHIT RAJENDRAN INVESTMENTS PRIVATE LIMITED

Director

28/09/1998

28/09/1998

-

Active

NO

9

U65993TZ1992PTC003617

COIMBATORE SAMEERA INVESTMENTS PRIVATE LIMITED

Director

28/09/1998

28/09/1998

-

Active

NO

10

U52110TZ1987PTC001973

CARE PRODUCTS PRIVATE LIMITED

Director

18/12/1998

18/12/1998

-

Active

NO

11

U29191TZ1984PTC001443

RAAVIAR ENGINEERING PRIVATE LIMITED

Director

18/12/1998

18/12/1998

-

Active

NO

12

U65993TZ1999PTC008834

PRIMERA INVESTMENTS PRIVATE LIMITED

Director

12/04/1999

12/04/1999

-

Active

NO

13

U17115TZ1984PTC001383

PREMIER TEXTURISERS PRIVATE LIMITED

Director

11/08/1999

11/08/1999

-

Active

NO

14

U17111TZ1987PTC001943

COIMBATORE HOLDINGS PRIVATE LIMITED

Director

19/08/1999

19/08/1999

-

Active

NO

15

U17111TZ1981PTC001108

PREMIER TEXTILE TRADERS PRIVATE LIMITED

Director

13/08/2001

13/08/2001

-

Active

NO

16

U17111TZ1994PTC005512

PTL TEXTILES COIMBATORE PRIVATE LIMITED

Director

17/08/2001

17/08/2001

03/02/2009

Active

NO

17

U65993TZ1985PTC001690

BAGALUR INVESTMENTS PRIVATE LIMITED

Director

17/09/2001

17/09/2001

-

Active

NO

18

U65993TZ1983PTC001284

OTHAKKALMANDAPAM INVESTMENT AND FINANCE PRIVATE LIMITED

Director

17/09/2001

17/09/2001

-

Active

NO

19

U65993TZ1985PTC001691

BELATHUR INVESTMENTS PRIVATE LIMITED

Director

17/09/2001

17/09/2001

-

Active

NO

20

U17111TZ1976PTC000755

SREE NARASIMHA TEXTILES PRIVATE LIMITED

Director

28/09/2001

28/09/2001

-

Active

NO

21

U65993TZ2002PTC010417

GLENDALE HOLDINGS PRIVATE LIMITED

Director

26/12/2002

26/12/2002

03/02/2009

Active

NO

22

U17111TZ2003PTC010611

ORION POLYFAB PRIVATE LIMITED

Director

30/05/2003

30/05/2003

03/02/2009

Active

NO

23

U70101TZ2002PTC010075

UDAMALPET HOLDINGS PRIVATE LIMITED

Director

19/06/2003

19/06/2003

-

Active

NO

24

U17111TZ2004PTC011207

RAAVIAR TEXTILES PRIVATE LIMITED

Director

25/06/2004

25/06/2004

-

Active

NO

25

U17111TZ2003PTC010452

COIMBATORE POLYTEX PRIVATE LIMITED

Director

02/08/2004

02/08/2004

-

Active

NO

26

U17111TZ1987PTC001972

PRIMA PRODUCTS PRIVATE LIMITED

Director

05/09/2005

05/09/2005

-

Active

NO

27

U70101TZ2004PTC010972

CTPL HOLDINGS PRIVATE LIMITED

Director

06/09/2005

06/09/2005

03/02/2009

Active

NO

28

L17111TZ1910PLC000093

THE LAKSHMI MILLS COMPANY LIMITED

Director

15/09/2014

14/12/2005

-

Active

NO

29

U70102TZ2003PTC010686

RAAVIAR HOLDINGS PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

 

 

Name :

Mr. Karadibhavi Varadarajan Srinivasan

Designation :

Director

Address :

3, Palaniswamy Naidu St Avanashi Road, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

13.03.1961

Date of Appointment :

04.08.2006

DIN No.:

00004103

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U02919TZ1985PTC001672

ESVEE CONSULTANTS AND ENGINEERS PRIVATE LIMITED

Director

27/09/1985

27/09/1985

-

Active

NO

2

U02520TZ1981PTC001107

PREMIER EVOLVICS PRIVATE LIMITED

Director

01/07/1989

01/07/1989

-

Active

NO

3

U17111TZ1976PTC000755

SREE NARASIMHA TEXTILES PRIVATE LIMITED

Managing director

07/06/1991

07/06/1991

-

Active

NO

4

U17111TZ1945PTC000146

PREMIER SPG AND WVG MILLS PRIVATE LIMITED

Director

07/09/1991

07/09/1991

-

Active

NO

5

U63040TZ1978PTC000813

HOLIDAY TRAVELS PRIVATE LIMITED

Director

29/09/1992

29/09/1992

-

Active

NO

6

U17111TZ1994PTC005511

PREMIER MILLS PRIVATE LIMITED

Managing director

16/11/1994

16/11/1994

-

Active

NO

7

U17111TZ1995PTC005901

PREMIER FINE LINENS PRIVATE LIMITED

Managing director

01/06/2007

08/03/1995

-

Active

NO

8

U72200TZ1998PTC008616

NUVA SYSTEMS PRIVATE LIMITED

Director

12/04/2000

12/04/2000

-

Active

NO

9

U17111TZ1994PTC005512

PTL TEXTILES COIMBATORE PRIVATE LIMITED

Director

17/08/2001

17/08/2001

-

Active

NO

10

U70101TZ2002PTC010117

SREE NARASIMHA HOLDINGS PRIVATE LIMITED

Director

26/03/2002

26/03/2002

-

Active

NO

11

U65993TZ2002PTC010400

LAKSHMI NARASIMHA HOLDINGS PRIVATE LIMITED

Director

16/12/2002

16/12/2002

-

Active

NO

12

U65993TZ2002PTC010415

SNT HOLDINGS PRIVATE LIMITED

Director

26/12/2002

26/12/2002

-

Active

NO

13

U65993TZ2002PTC010416

KARADIVAVI HOLDINGS PRIVATE LIMITED

Director

26/12/2002

26/12/2002

-

Active

NO

14

U07010TZ2003PTC010636

PPL HOLDINGS PRIVATE LIMITED

Director

18/06/2003

18/06/2003

-

Active

NO

15

U07010TZ2003PTC010647

LAKSHMI NARASIMHA HOLDINGS (COIMBATORE) PRIVATE LIMITED

Director

25/06/2003

25/06/2003

-

Active

NO

16

U70102TZ2003PTC010686

RAAVIAR HOLDINGS PRIVATE LIMITED

Director

24/07/2003

24/07/2003

03/02/2009

Active

NO

17

U40108TZ2003PTC010753

PERUNGUDI WIND FARMS PRIVATE LIMITED

Director

05/09/2003

05/09/2003

-

Active

NO

18

U17120MH1967PLC013669

CONFEDERATION OF INDIAN TEXTILE INDUSTRY

Director

24/09/2003

24/09/2003

-

Active

NO

19

U70101TZ2004PTC010970

PULANKINAR HOLDINGS PRIVATE LIMITED

Director

09/02/2004

09/02/2004

-

Active

NO

20

U17111TZ2004PTC011073

LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED

Managing director

13/11/2009

01/04/2004

-

Active

NO

21

U65993TZ2004PTC011200

PACHAPALAYAM HOLDINGS PRIVATE LIMITED

Director

24/06/2004

24/06/2004

-

Active

NO

22

U18101TZ2004PTC011439

KULATHUR HOLDINGS PRIVATE LIMITED

Director

24/11/2004

24/11/2004

-

Active

NO

23

U17111TZ1987PTC001972

PRIMA PRODUCTS PRIVATE LIMITED

Director

04/08/2006

04/08/2006

-

Active

NO

24

U17111TZ2003PTC010452

COIMBATORE POLYTEX PRIVATE LIMITED

Director

04/08/2006

04/08/2006

-

Active

NO

25

U70101TZ2007PTC013415

THENNAMPALAYAM HOLDINGS PRIVATE LIMITED

Director

06/02/2007

06/02/2007

-

Active

NO

26

U70101TZ2007PTC013414

PALLADAM HOLDINGS PRIVATE LIMITED

Director

06/02/2007

06/02/2007

-

Active

NO

27

U70101TZ2007PTC013416

NEELAMBUR HOLDINGS PRIVATE LIMITED

Director

06/02/2007

06/02/2007

-

Active

NO

28

U70102TZ2007PTC013417

IRUGUR HOLDINGS PRIVATE LIMITED

Director

06/02/2007

06/02/2007

-

Active

NO

29

U91110MH1954NPL009385

THE COTTON TEXTILES EXPORT PROMOTION COUNCIL

Director

21/09/2007

21/09/2007

-

Active

NO

30

U55101TZ1995PTC006173

SUPER AIRPORT HOLDINGS (INDIA) PRIVATE LIMITED

Director

15/09/2008

23/08/2008

23/09/2013

Active

NO

31

U70101TZ2002PTC010074

BAGALUR HOLDINGS PRIVATE LIMITED

Director

28/09/2012

24/04/2012

-

Active

NO

 

 

Name :

Mrs. Sheela Rajendran

Designation :

Director

Address :

233 TEA Estate, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

19.06.1959

Date of Appointment :

27.05.1987

DIN No.:

00005216

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U65993TZ1980PTC000921

SHEELA INVESTMENT PRIVATE LIMITED

Director

21/03/1980

21/03/1980

-

Active

NO

2

U63040TZ1978PTC000813

HOLIDAY TRAVELS PRIVATE LIMITED

Director

08/12/1980

08/12/1980

-

Active

NO

3

U65993TZ1981PTC001013

SHEELA INVESTMENTS COIMBATORE PRIVATE LIMITED

Director

09/02/1981

09/02/1981

-

Active

NO

4

U05110TZ1981PTC001026

SHEELA TRADERS PRIVATE LIMITED

Director

16/03/1981

16/03/1981

-

Active

NO

5

U17115TZ1984PTC001383

PREMIER TEXTURISERS PRIVATE LIMITED

Director

23/02/1984

23/02/1984

-

Active

NO

6

U17111TZ1987PTC001972

PRIMA PRODUCTS PRIVATE LIMITED

Director

27/05/1987

27/05/1987

-

Active

NO

7

U65993TZ1992PTC003617

COIMBATORE SAMEERA INVESTMENTS PRIVATE LIMITED

Director

29/01/1992

29/01/1992

-

Active

NO

8

U65993TZ1992PTC003615

SAMEERA RAJENDRAN INVESTMENTS PRIVATE LIMITED

Director

29/01/1992

29/01/1992

-

Active

NO

9

U65993TZ1992PTC003616

ROHIT RAJENDRAN INVESTMENTS PRIVATE LIMITED

Director

29/01/1992

29/01/1992

-

Active

NO

10

U17111TZ2004PTC011207

RAAVIAR TEXTILES PRIVATE LIMITED

Director

25/06/2004

25/06/2004

-

Active

NO

11

U70101TZ2004PTC010972

CTPL HOLDINGS PRIVATE LIMITED

Director

06/09/2005

06/09/2005

03/02/2009

Active

NO

12

U17111TZ2003PTC010452

COIMBATORE POLYTEX PRIVATE LIMITED

Director

04/08/2006

04/08/2006

-

Active

NO

13

U65993TZ1983PTC001284

OTHAKKALMANDAPAM INVESTMENT AND FINANCE PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

14

U65993TZ1985PTC001691

BELATHUR INVESTMENTS PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

15

U65993TZ1985PTC001690

BAGALUR INVESTMENTS PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

16

U70101TZ2002PTC010075

UDAMALPET HOLDINGS PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

17

U29191TZ1984PTC001443

RAAVIAR ENGINEERING PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

18

U17111TZ1981PTC001108

PREMIER TEXTILE TRADERS PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

19

U65993TZ1999PTC008834

PRIMERA INVESTMENTS PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

20

U70102TZ2003PTC010686

RAAVIAR HOLDINGS PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

21

U17111TZ1987PTC001943

COIMBATORE HOLDINGS PRIVATE LIMITED

Director

19/08/2009

03/02/2009

-

Active

NO

22

U17111TZ1945PTC000146

PREMIER SPG AND WVG MILLS PRIVATE LIMITED

Director

30/09/2011

10/06/2011

-

Active

NO

 

 

Name :

Mr. Rohit Rajendran

Designation :

Executive Director

Address :

13, Nethaji Road, Pappanaickenpalayam, Coimbatore – 641037, Tamilnadu, India

Date of Birth/Age :

04.07.1979

Date of Appointment :

05.09.2005

DIN No.:

00030631

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U17111TZ1945PTC000146

PREMIER SPG AND WVG MILLS PRIVATE LIMITED

Director

03/08/2005

03/08/2005

-

Active

NO

2

U17111TZ1987PTC001972

PRIMA PRODUCTS PRIVATE LIMITED

Director

05/09/2005

05/09/2005

-

Active

NO

3

U17111TZ2003PTC010452

COIMBATORE POLYTEX PRIVATE LIMITED

Director

05/09/2005

05/09/2005

-

Active

NO

4

U17115TZ1984PTC001383

PREMIER TEXTURISERS PRIVATE LIMITED

Director

04/08/2006

04/08/2006

-

Active

NO

5

U17111TZ1995PTC005901

PREMIER FINE LINENS PRIVATE LIMITED

Director

03/08/2007

02/12/2006

-

Active

NO

6

U17111TZ1994PTC005511

PREMIER MILLS PRIVATE LIMITED

Director

03/08/2007

02/12/2006

-

Active

NO

7

U02520TZ1981PTC001107

PREMIER EVOLVICS PRIVATE LIMITED

Director

24/09/2007

30/06/2007

-

Active

NO

8

U17111TZ2004PTC011207

RAAVIAR TEXTILES PRIVATE LIMITED

Director

30/09/2013

30/09/2013

-

Active

NO

9

U70102TZ2003PTC010686

RAAVIAR HOLDINGS PRIVATE LIMITED

Director

30/09/2013

30/09/2013

-

Active

NO

10

U05110TZ1981PTC001026

SHEELA TRADERS PRIVATE LIMITED

Director

19/09/2014

19/09/2014

-

Active

NO

11

U65993TZ1992PTC003616

ROHIT RAJENDRAN INVESTMENTS PRIVATE LIMITED

Director

19/09/2014

19/09/2014

-

Active

NO

 

 

Name :

Mrs. Sameera Gopikumar

Designation :

Executive Director

Address :

(Old 170A) 233 TEA Estate, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

28.12.1980

Date of Appointment :

04.08.2006

DIN No.:

01345140

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U17111TZ1987PTC001972

PRIMA PRODUCTS PRIVATE LIMITED

Director

04/08/2006

04/08/2006

-

Active

NO

2

U65993TZ1992PTC003617

COIMBATORE SAMEERA INVESTMENTS PRIVATE LIMITED

Director

19/09/2014

19/09/2014

-

Active

NO

3

U65993TZ1992PTC003615

SAMEERA RAJENDRAN INVESTMENTS PRIVATE LIMITED

Director

19/09/2014

19/09/2014

-

Active

NO

 

 

Name :

Mr. Rangian Jayabal

Designation :

Director

Address :

#3, 1-A, ATT Colony, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

19.05.1953

Date of Appointment :

29.09.2012

DIN No.:

00003830

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74999TZ1981PTC001106

COIMBATORE TWISTERS PRIVATE LIMITED

Director

29/04/1985

29/04/1985

-

Active

NO

2

U17111TZ1987PTC001972

PRIMA PRODUCTS PRIVATE LIMITED

Director

29/09/2012

11/08/1999

-

Active

NO

3

U17111TZ2003PTC010452

COIMBATORE POLYTEX PRIVATE LIMITED

Director

29/09/2012

01/04/2003

-

Active

NO

4

U17111TZ1995PTC005901

PREMIER FINE LINENS PRIVATE LIMITED

Director

30/09/2010

30/11/2009

-

Active

NO

5

U17111TZ1976PTC000755

SREE NARASIMHA TEXTILES PRIVATE LIMITED

Director

24/09/2010

30/11/2009

-

Active

NO

6

U17111TZ1994PTC005511

PREMIER MILLS PRIVATE LIMITED

Director

01/04/2012

30/11/2009

-

Active

NO

7

U17111TZ2004PTC011073

LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED

Director

24/09/2010

19/08/2010

-

Active

NO

8

U17111TZ1945PTC000146

PREMIER SPG AND WVG MILLS PRIVATE LIMITED

Director

29/09/2012

15/12/2011

-

Active

NO

 

 

MAJOR SHAREHOLDERS

 

As on 27.09.2013

 

Names of Shareholders

No. of Shares

% of Holding

Sameera Gopikumar

2000

40.00

Sameera Rajendran

3000

60.00

Total

5000

100.00

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 27.09.2013

 

Category

Percentage

Bodies corporate

60.00

Directors or relatives of Directors

40.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacture, buy and sell, import and export and deal in all types of Disposable hygiene products such as Sanitary Napkins, Tampons, Panty Shields, baby Diapers etc.

 

 

Products :

Product Description

Item Code No. (ITC Code)

Cotton Yarn

52052710

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Not Available

 

 

Purchasing :

Not Available

 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Not Available

 

 

Customers :

Not Available

 

 

No. of Employees :

Information denied by management

 

 

Bankers :

Andhra Bank, 17, Mill Road, Coimbatore – 641001, Tamilnadu, India

 

 

Facilities :

SECURED LOANS

31.03.2014

Rs. In Millions

31.03.2013

Rs. In Millions

LONG TERM BORROWINGS

 

 

Rupee term loans from banks

346.515

431.571

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

167.856

101.028

Total

514.371

532.599

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

M. S. Jagannathan and Viswanathan

Chartered Accountants

Address :

67-A, Sri Krishna Kripa, PNT Colony Main Road, Goundenpalayam, Coimbatore – 641030, Tamilnadu, India

Tel No.:

91-422-2402365 / 2402848 / 2403861

Email. :

msjv1920@gmail.com

PAN No.:

AAEFM3256C

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiaries :

·         Raaviar Textiles Private Limited

CIN No.: U17111TZ2004PTC011207

 

 

Associates :

·         Premier Cotton Textiles

·         Premier SPG And WVG Mills Private Limited

CIN No.: U17111TZ1945PTC000146

·         Coimbatore Polytex Private Limited

CIN No.: U17111TZ2003PTC010452

·         Premier Evolvics Private Limited

CIN No.: U02520TZ1981PTC001107

·         Premier Mills Private Limited

CIN No.: U17111TZ1994PTC005511

·         Sree Narasimha Textiles Private Limited

CIN No.: U17111TZ1976PTC000755

·         Lakshmi Narasimha Textiles Private Limited

CIN No.: U17111TZ2004PTC011073

·         Holiday Travels Private Limited

CIN No.: U63040TZ1978PTC000813

·         Coimbatore Twisters Private Limited

CIN No.: U74999TZ1981PTC001106

·         Bagalur Investments Private Limited

CIN No.: U65993TZ1985PTC001690

 


 

CAPITAL STRUCTURE

 

As on 27.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000

Equity Shares

Rs.100/- each

Rs.0.500 Million

16000

Preference shares

Rs.100/- each

Rs.1.600 Millions

 

Total

 

Rs.2.100 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000

Equity Shares

Rs.100/- each

Rs.0.500 Million

 

 

 

 

 


FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.500

0.500

0.500

(b) Reserves & Surplus

513.412

409.396

341.097

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

513.912

409.896

341.597

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

346.515

431.571

575.187

(b) Deferred tax liabilities (Net)

71.120

73.967

52.707

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.881

0.853

0.835

Total Non-current Liabilities (3)

418.516

506.391

628.729

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

167.856

101.027

66.662

(b) Trade payables

33.399

27.090

23.648

(c) Other current liabilities

129.189

112.461

95.595

(d) Short-term provisions

2.185

0.859

0.000

Total Current Liabilities (4)

332.629

241.437

185.905

 

 

 

 

TOTAL

1,265.057

1,157.724

1,156.231

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

636.198

633.480

668.425

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

24.792

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.110

0.110

0.110

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

20.560

73.510

46.762

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

656.868

731.892

715.297

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

358.092

193.470

198.803

(c) Trade receivables

81.571

77.720

49.476

(d) Cash and cash equivalents

104.388

93.294

140.275

(e) Short-term loans and advances

29.871

20.499

18.437

(f) Other current assets

34.267

40.849

33.943

Total Current Assets

608.189

425.832

440.934

 

 

 

 

TOTAL

1,265.057

1,157.724

1,156.231

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

1,295.205

1221.142

885.796

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                        

NA

NA

NA

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

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

286.145

232.367

87.219

 

 

 

 

 

Less

FINANCIAL EXPENSES            

40.222

47.995

49.844

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

245.923

184.372

37.375

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                    

87.387

78.105

72.916

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX 

158.536

106.267

(35.541)

 

 

 

 

 

Less

TAX                                                                 

54.353

37.966

(11.407)

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX

104.183

68.301

(24.134)

 

 

 

 

 

Add / less

INCOME TAX RELATING TO EARLIER YEARS

0.169

0.000

0.000

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

397.947

329.646

354.022

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

501.961

397.947

329.646

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

104.569

140.937

35.012

 

TOTAL EARNINGS

104.569

140.937

35.012

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

2083.66

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

8.04

5.59

(2.72)

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

22.09

19.03

9.85

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

12.53

9.38

(3.07)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.31

0.26

(0.10)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.00

1.30

1.88

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.83

1.76

2.37

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

Rs. In Millions

Rs. In Millions

Rs. In Millions

Share Capital

0.500

0.500

0.500

Reserves & Surplus

341.097

409.396

513.412

Share Application money pending allotment

0.000

0.000

0.000

Net worth

341.597

409.896

513.912

 

 

 

 

Long Term borrowings

575.187

431.571

346.515

Short Term borrowings

66.662

101.027

167.856

Total borrowings

641.849

532.598

514.371

Debt/Equity ratio

1.879

1.299

1.001

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

Rs. In Millions

Rs. In Millions

Rs. In Millions

Sales

885.796

1,221.142

1,295.205

 

 

37.858

6.065

 

 

 


NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

Rs. In Millions

Rs. In Millions

Rs. In Millions

Sales

885.796

1,221.142

1,295.205

Profit

(24.134)

68.301

104.183

 

(2.72%)

5.59%

8.04%

 

 

 

 

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

Yes

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

Yes

 

 

 

INDEX OF CHARGE:

 

Sr. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10502067

29/05/2014

42,000,000.00

Andhra Bank

17 Mill Road, Coimbatore, Tamilnadu - 641001, India

C06162705

2

10298845

04/07/2012 *

160,000,000.00

Andhra Bank

17 Mill Road, Coimbatore, Tamilnadu - 641001, India

B44317998

3

10138683

04/07/2012 *

80,000,000.00

Andhra Bank

17 Mill Road, Coimbatore, Tamilnadu - 641001, India

B44318129

4

10064534

04/07/2012 *

60,000,000.00

Andhra Bank

17 Mill Road, Coimbatore, Tamilnadu - 641001, India

B44317667

5

80036001

04/07/2012 *

480,000,000.00

Andhra Bank

17 Mill Road, Coimbatore, Tamilnadu - 641001, India

B44318293

6

90008466

29/01/2014 *

265,000,000.00

Andhra Bank

17 Mill Road, Coimbatore, Tamilnadu - 641001, India

B97028518

7

90008069

29/07/1992

15,000,000.00

State Bank Of Mysore

Post Box No. 80, 75-76; Oppanakara Street, Coimbatore, Tamil Nadu - 641001, India

-

8

90007894

08/03/1989

718,200.00

The Tamilnadu Industrial Investment Corpn. Limited

`Arul Manai', 27; Whites Road, Madras, Tamilnadu 
- 600014, India

-

*Date of modification Charges

 

 

FIXED ASSETS:

 

·         Land

·         Building

·         Plant and Machinery

·         Computer

·         Vehicles

·         Furniture and Fixture

 

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.

UK Pound

1

Rs.

Euro

1

Rs.

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

VNT


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

7

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

7

--PROFITABILITY

1~10

7

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

7

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

 

 

 

TOTAL

 

64

 

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

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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