MIRA
INFORM REPORT
|
Report No. : |
307691 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHILOSA INDUSTRIES PRIVATE LIMITED [w.e.f.02.02.2007] |
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Formerly Known
As : |
BHILOSA TEX-N-TWIST PRIVATE LIMITED |
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Registered
Office : |
Survey No. 14/1/2, Village Rakholi, Silvassa – 396230, Dadra and Nagar
Haveli [U.T.] |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation
: |
01.06.1988 |
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Com. Reg. No.: |
54-000365 |
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Capital
Investment / Paid-up Capital : |
Rs. 605.670 Millions |
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CIN No.: [Company Identification
No.] |
U18101DN1988PTC000365 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACB1538K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Polyester Chips, Partially Oriented Yarn
(POY), Fully Drawn Yarn (FDY) and Draw Texturised Yarn (DTY). |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having fine track record. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the document
related to the financials for the year 2014 are not available from any
sources. As per available financial of 2013, financial position of the company
seems to be good. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitment. The company can be considered normal of 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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities = A+ |
|
Rating Explanation |
Have adequate degree of safety and carry low
credit risk. |
|
Date |
March 12, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities = A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry
lowest credit risk. |
|
Date |
March 12, 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.
INFORMATION DECLINED
Management non co-operative (91-260-22838615/22-67441200)
LOCATIONS
|
Registered Office/ Factory 1 : |
Survey No. 14/1/2, Village Rakholi, Silvassa – 396230, Dadra and Nagar
Haveli [U.T.], India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
3rd Floor, Bakhtawar Commercial Premises Co-operative Society Limited, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Tel. No.: |
91-22-67441200 |
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Fax No.: |
91-22-22838615 |
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Factory 2 : |
90/91 Danu Udyog Industrial
Estate, Piparia, Silvassa, Dadra and Nagar Haveli [U.T.], India |
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Factory 3 : |
Survey 17/1/4 and 6, Rakholi, Silvassa, Dadra and Nagar Haveli [U.T.], India |
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Factory 4 : |
Survey 14/1/1 and
15/1/2, Rakholi, Silvassa, Dadra and Nagar Haveli [U.T.], India |
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Factory 5 : |
Survey 37 and 46/1/3/1 Rakholi, Silvassa, Dadra and Nagar Haveli [U.T.],
India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rameshchandra Tejraji Jain |
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Designation : |
Chairmen cum Managing director |
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Address : |
Orbit Arya, 17th Floor, Bomanji Darabsha Road, Malabar Hill, Near Mukesh Chowk, Nepeansea Road, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
22.06.1948 |
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Qualification : |
Graduate |
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Experience : |
42 Years |
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Date of Appointment : |
01.06.1988 |
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PAN No.: |
ABDPJ0434D |
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DIN No.: |
01327431 |
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Other Directorship :
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Name : |
Mr. Kumarpal Rameshchandra Jain |
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Designation : |
Director |
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Address : |
Pushpak Apartment, 18th Floor, Flat No. 182, Indrashan
Society, 31- Altamount Road, Mumbai - 400026, Maharashtra, India |
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Date of Birth/Age : |
04.04.1975 |
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Qualification : |
Graduate |
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Experience : |
20 Years |
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Date of Appointment : |
03.05.1993 |
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PAN No.: |
AACPJ7017N |
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DIN No.: |
01003673 |
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Other Directorship :
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MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jain Tejrajji Rameshchandra |
|
11570290 |
|
Jain Rameshchandra Manjula |
|
2024535 |
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Jain Rameshchandra Kumarpal Jointly with Jain Tejrajji
Rameshchandra |
|
4622160 |
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Jain Rameshchandra Sandeep Jointly with Jain Tejrajji
Rameshchandra |
|
2052170 |
|
Jain Tejrajji Rameshchandra Jointly with Jain
Rameshchandra Manjula |
|
4482335 |
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Jain Rameshchandra Chetna Jointly with Jain Rameshchandra
Manjula |
|
292000 |
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Jain Rameshchandra Kumarpal Jointly with Jain
Rameshchandra Manjula |
|
450000 |
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Jain Rameshchandra Sandeep Jointly with Jain Rameshchandra
Manjula |
|
300000 |
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Rameshchandra T Jain HUF |
|
225000 |
|
Jain Rameshchandra Kumarpal |
|
7201010 |
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Jain Kumarpal Madhavi |
|
1775000 |
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Jain Rameshchandra Sandeep |
|
1825000 |
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Jain Tejrajji Rameshchandra |
|
4125000 |
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Jain Rameshchandra Sandeep |
|
822500 |
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Jain Sandeep Hirvi |
|
1677500 |
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Jain Rameshchandra Kumarpal |
|
17125000 |
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Total |
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60569500 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Polyester Chips, Partially Oriented Yarn
(POY), Fully Drawn Yarn (FDY) and Draw Texturised Yarn (DTY). |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· State Bank of India Industrial Finance Branch, The Arcade, 2nd Floor, World Trade Centre, Cuff Parade, Mumbai - 400005, Maharashtra, India · Axis Bank Limited Corporate Banking Branch, Axis House, Ground Floor, Bombay Dyeing Mill Compound, Pandurang Budhkar Marg, Mumbai - 400025, Maharashtra, India · IDBI Bank Limited IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India · Bank of Maharashtra Mittal Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India · Corporation Bank 104, Bharat House, Mumbai Samachar Marg, Fort, Mumbai - 400023, Maharashtra, India · Indian Overseas Bank 30 and 32, Tamarind House, Tamarind Lane, Fort, Mumbai - 400023,
Maharashtra, India · Bank of India Large Corporate Branch, Oriental Building, 364 DN Road, Fort,
Mumbai - 400001, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Sanghvi Sanghvi and Sanghvi Chartered Accountants |
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Address : |
10, La Citadelle, 2nd Floor, 99, Maharashi Karve Road,
Mumbai – 400020, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACFS2693D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs. 800.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60569500 |
Equity Shares |
Rs.10/- each |
Rs. 605.695
Millions |
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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 |
|
|
|
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(a) Share Capital |
605.700 |
605.700 |
580.700 |
|
(b) Reserves & Surplus |
7067.600 |
5663.400 |
3824.100 |
|
(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) |
7673.300 |
6269.100 |
4404.800 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
9016.100 |
5542.400 |
4710.200 |
|
(b) Deferred tax liabilities (Net) |
1181.100 |
883.900 |
737.600 |
|
(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) |
10197.200 |
6426.300 |
5447.800 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
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(a)
Short term borrowings |
4606.600 |
2914.600 |
2103.900 |
|
(b)
Trade payables |
1198.500 |
1489.800 |
1114.500 |
|
(c)
Other current liabilities |
1685.900 |
1092.900 |
1027.100 |
|
(d) Short-term
provisions |
117.700 |
41.000 |
185.300 |
|
Total Current
Liabilities (4) |
7608.700 |
5538.300 |
4430.800 |
|
|
|
|
|
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TOTAL |
25479.200 |
18233.700 |
14283.400 |
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
13418.500 |
8906.500 |
7838.200 |
|
(ii)
Intangible Assets |
62.600 |
1.200 |
1.600 |
|
(iii) Capital
work-in-progress |
1706.000 |
1060.900 |
19.900 |
|
(iv)
Intangible assets under development |
0.000 |
38.700 |
0.000 |
|
(b) Non-current Investments |
0.000 |
41.500 |
41.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
228.800 |
425.700 |
495.500 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
15415.900 |
10474.500 |
8396.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
697.400 |
0.000 |
|
(b)
Inventories |
3878.000 |
2602.100 |
2022.300 |
|
(c)
Trade receivables |
4253.500 |
2994.800 |
2580.100 |
|
(d) Cash
and cash equivalents |
138.500 |
333.800 |
212.300 |
|
(e)
Short-term loans and advances |
1707.200 |
1076.500 |
1072.000 |
|
(f)
Other current assets |
86.100 |
54.600 |
0.000 |
|
Total
Current Assets |
10063.300 |
7759.200 |
5886.700 |
|
|
|
|
|
|
TOTAL |
25479.200 |
18233.700 |
14283.400 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations [Net] |
26145.800 |
23919.000 |
17428.800 |
|
|
|
Other Income |
129.000 |
74.200 |
117.000 |
|
|
|
TOTAL (A) |
26274.800 |
23993.200 |
17545.800 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
23230.600 |
20882.800 |
14805.000 |
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3044.200 |
3110.400 |
2740.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
459.100 |
386.700 |
360.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2585.100 |
2723.700 |
2380.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
565.600 |
462.800 |
369.800 |
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|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2019.500 |
2260.900 |
2010.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
615.300 |
697.300 |
626.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1404.200 |
1563.600 |
1384.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports |
1647.200 |
1104.400 |
1446.600 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.18 |
25.81 |
23.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.37 |
6.54 |
7.94 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.64 |
13.00 |
15.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.49 |
13.23 |
14.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.36 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.78 |
1.35 |
1.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.40 |
1.33 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
580.700 |
605.700 |
605.700 |
|
Reserves & Surplus |
3824.100 |
5663.400 |
7067.600 |
|
Net
worth |
4404.800 |
6269.100 |
7673.300 |
|
|
|
|
|
|
long-term borrowings |
4710.200 |
5542.400 |
9016.100 |
|
Short term borrowings |
2103.900 |
2914.600 |
4606.600 |
|
Total
borrowings |
6814.100 |
8457.000 |
13622.700 |
|
Debt/Equity ratio |
1.547 |
1.349 |
1.775 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17428.800 |
23919.000 |
26145.800 |
|
|
|
37.238 |
9.310 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17428.800 |
23919.000 |
26145.800 |
|
Profit |
1384.600 |
1563.600 |
1404.200 |
|
|
7.94% |
6.54% |
5.37% |
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 |
No |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10523154 |
20/09/2014 * |
600,000,000.00 |
CORPORATION BANK |
104, BHARAT
HOUSE, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C28866408 |
|
2 |
10516879 |
20/09/2014 * |
240,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WORLD
TRADE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C28500825 |
|
3 |
10517962 |
20/09/2014 * |
1,050,000,000.00 |
INDIAN OVERSEAS
BANK |
30 & 32
TAMARIND HOUSE, TAMARIND LANE, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C28865608 |
|
4 |
10507239 |
20/09/2014 * |
883,000,000.00 |
BANK OF INDIA |
LARGE CORPORATE
BRANCH, ORIENTAL BUILDING, 364 DN |
C28692564 |
|
5 |
10508872 |
20/09/2014 * |
567,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH, 'THE ARCADE', WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,
MUMBAI, MAHARASHTRA - 400005, INDIA |
C29140639 |
|
6 |
10424436 |
20/09/2014 * |
1,560,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH, 'THE ARCADE', WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,
MUMBAI, MAHARASHTRA - 400005, INDIA |
C29145364 |
|
7 |
10415607 |
20/09/2014 * |
450,000,000.00 |
CORPORATION BANK |
104, BHARAT
HOUSE, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C29149325 |
|
8 |
10373936 |
28/08/2012 |
1,186,500,000.00 |
LANDESBANK
BADEN-WURTTEMBERG |
AM HAUPTBAHNH OF
2, FEDERAL REPUBLIC OF GERMANY, |
B57024168 |
|
9 |
10374637 |
20/09/2014 * |
1,800,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL FINANCE
BRANCH, 'THE ARCADE', WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
C29129111 |
|
10 |
10361129 |
20/09/2014 * |
2,500,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL FINANCE
BRANCH, 'THE ARCADE', WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
C29133378 |
|
11 |
10352871 |
20/09/2014 * |
1,200,000,000.00 |
CORPORATION BANK |
104, BHARAT HOUSE,
MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C29147923 |
|
12 |
10320041 |
20/09/2014 * |
1,250,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH, 'THE ARCADE', WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
C29142742 |
|
13 |
10320872 |
13/11/2014 * |
10,411,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH, 'THE ARCADE', WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,
MUMBAI, MAHARASHTRA - 400005, INDIA |
C33962960 |
|
14 |
10309383 |
20/09/2014 * |
900,000,000.00 |
CORPORATION BANK |
104, BHARAT
HOUSE, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C29147642 |
|
15 |
10220792 |
20/09/2014 * |
690,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL FINANCE
BRANCH, 'THE ARCADE', WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
C29125507 |
|
16 |
10202710 |
20/09/2014 * |
980,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL FINANCE
BRANCH, 'THE ARCADE', WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
C29119294 |
|
17 |
10192961 |
20/09/2014 * |
730,000,000.00 |
CORPORATION BANK |
104, BHARAT
HOUSE, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C29147162 |
|
18 |
10166405 |
20/09/2014 * |
430,000,000.00 |
BANK OF INDIA |
LARGE CORPORATE
BRANCH, ORIENTAL BUILDING, 364 DN |
C28437713 |
|
19 |
10127597 |
20/09/2014 * |
1,000,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH, 'THE ARCADE', WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,
MUMBAI, MAHARASHTRA - 400005, INDIA |
C29061439 |
|
20 |
10088647 |
20/09/2014 * |
668,000,000.00 |
CORPORATION BANK |
104, BHARAT
HOUSE, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C29146073 |
|
21 |
90218422 |
18/09/2002 * |
20,000,000.00 |
STATE BANK OF
PATIALA |
SPE CORPOTE BRANCH,
WORLD TRADE CENTRE; CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
156.100 |
132.900 |
|
Loans and advances from others |
0.000 |
2.200 |
|
Other loans and advances |
28.400 |
27.200 |
|
|
|
|
|
Total |
184.500 |
162.300 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 74/75, Free
Press House, 7th Floor, Free Press Journal Marg, Nariman Point, Mumbai -
400021, Maharashtra, India to the present address w.e.f.16.03.2011.
CORPORATE INFORMATION
Bhilosa Industries Private Limited (hereinafter referred to
as ‘the Company’ or ‘BIPL’) is a manufacturer of Polyester Chips, Partially
Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Draw Texturised Yarn (DTY). The
Company’s manufacturing facilities are located at Rakholi, Silvassa, Dadra
& Nagar Haveli (U.T.) and Naroli, Silvassa, Dadra and Nagar Haveli (U.T.).
RESULT OF OPERATIONS
HIGHLIGHTS OF THE PERFORMANCE OF THE COMPANY ARE AS UNDER
· Net revenue from operations increased by 9.31%, from Rs. 23919.000 Millions to Rs. 26145.800 Millions
PBDIT
is Rs. 3044.200 Millions i.e. 11.64% of Net revenue from operation.
PAT
is Rs. 1404.200 Millions i.e. 5.37% of Net revenue from operation.
Cash
Profit is Rs. 2267.100 Millions i.e. 8.67% of Net revenue from operation
Dividend. In view of ongoing expansion projects, the directors have decided not
to recommend any dividend for the year.
FIXED ASSETS:
· Buildings
Other
building
Plant
and equipment
Factory
equipments
Vehicles
Motor
vehicles
Office
equipment
Computer
equipments
Other
equipments
Computer
software
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.62.13 |
|
|
1 |
Rs.95.72 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
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.