MIRA INFORM REPORT
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Report No. : |
309096 |
|
Report Date : |
23.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEXPORT INDUSTRIES PRIVATE LIMITED |
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|
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Formerly Known
As : |
TEXPORT GARMENTS PRIVATE LIMITED |
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Registered
Office : |
506 and 507, CTS-42, 455 (PT), 429 Hubtown Solaris Saiwadi, NS Phadke
Road, Near Gokhale Bridge, Andheri [East], Mumbai – 400069, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.12.1979 |
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Com. Reg. No.: |
11-021996 |
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Capital
Investment / Paid-up Capital : |
Rs. 3.276 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U18101MH1979PTC021996 |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMM22206C |
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PAN No.: [Permanent Account No.] |
AAACT5016A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Readymade Garments such as shirts, t-shirts,
skirts, dresses, jackets, and blazers for men, women and children. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 is an established company having a satisfactory track record. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loan = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
November 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fun based limits = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
November 2013 |
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 BY
|
Name : |
Mr. Marolia |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-30882000 |
|
Date : |
21.02.2015 |
LOCATIONS
|
Registered Office : |
506 and 507, CTS-42, 455 (PT), 429 Hubtown Solaris Saiwadi, NS Phadke
Road, Near Gokhale Bridge, Andheri [East], Mumbai – 400069, Maharashtra,
India |
|
Tel. No.: |
91-22-30882000 |
|
Fax No.: |
91-22-30882005 |
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E-Mail : |
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Website : |
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Factory : |
56-63, Karibanhalli - 560058, Bangalore, Karnataka, India |
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Branch Office 1 : |
154, 3rd Cross, 5th Main, Yeshwanthpur Industrial Sub., Bangalore -
560022, Karnataka, India |
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Tel. No.: |
91-80-39284500 |
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Fax No.: |
91-80-39284095 |
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Branch Office 2 : |
11, Sowdambika Nagar, Poolvapatti Post, P N Road, Tirupur – 641602,
Tamilnadu, India |
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Tel. No.: |
91-421-2481640 |
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Fax No.: |
91-421-2471436 |
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Branch Office 3 : |
31, Karangalpatti, Street No. 4, Gugai, Salem – 636006, Tamilnadu,
India |
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Tel. No.: |
91-427-2464548 |
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Fax No.: |
91-427-2467053 |
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|
|
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Overseas Office : |
New York, USA 14th Floor, 264 West, |
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Tel. No.: |
+1 212 869 8001 |
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Fax No.: |
+1 212 869 5965 |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mr. Neeraj Sajjan Goenka |
|
Designation : |
Director |
|
Address : |
4th Shivkunj, 11th Road, J.V.P.D. Scheme, Juhu, Vile Parle (West), Mumbai
– 400049, Maharashtra, India |
|
Date of Birth/Age : |
24.06.1972 |
|
Date of Appointment : |
01.12.2009 |
|
PAN No.: |
AABPG5556E |
|
DIN No.: |
00745541 |
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|
|
|
Name : |
Mr. Suresh Deviprasad Goenka |
|
Designation : |
Director |
|
Address : |
Shivkunj, 11th Road, J.V.P.D. Scheme, Juhu, Vile Parle
(West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
06.06.1953 |
|
Date of Appointment : |
02.04.1990 |
|
PAN No.: |
AACPG6938M |
|
DIN No.: |
01181788 |
|
|
|
|
Name : |
Mr. Shailesh Sureshkumar Goenka |
|
Designation : |
Director |
|
Address : |
Shivkunj, Road No.11, J.V.P.D. Scheme, Juhu, Vile Parle (West), Mumbai
– 400049, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1979 |
|
Date of Appointment : |
18.02.2003 |
|
PAN No.: |
AAKPG0219P |
|
DIN No.: |
01230273 |
|
|
|
|
Name : |
Mr. Sajjankumar Debiprasad Goenka |
|
Designation : |
Director |
|
Address : |
4th Shivkunj, North-South Road No.11, J.V.P.D. Scheme,
Juhu, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Appointment : |
14.10.2005 |
|
PAN No.: |
AACPG6942R |
|
DIN No.: |
01230354 |
|
|
|
|
Name : |
Mr. Arun Kumar Sajjankumar Goenka |
|
Designation : |
Director |
|
Address : |
4th Shivkunj, 11th Road, J.V.P.D. Scheme, Juhu,
Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1967 |
|
Date of Appointment : |
06.03.1996 |
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PAN No.: |
AACPG7893B |
|
DIN No.: |
01230401 |
|
|
|
|
Name : |
Mr. Narendra Kumar Deviprasad Goenka |
|
Designation : |
Director |
|
Address : |
Shivkunj, Road No.11, J.V.P.D. Scheme, Juhu, Vile Parle (West), Mumbai
– 400049, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1957 |
|
Date of Appointment : |
25.07.1981 |
|
PAN No.: |
AACPG6952H |
|
DIN No.: |
01234889 |
KEY EXECUTIVES
|
Name : |
Mr. Marolia |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Goenka Deviprasad Narendra |
|
2632 |
|
Goenka Sajjan Chandra Kala |
|
2662 |
|
Goenka Narendra Sarita Devi |
|
2986 |
|
Goenka Suresh Sashi Devi |
|
3014 |
|
Goenka Chandi Prasad Radhadevi |
|
850 |
|
Goenka Deviprasad Suresh |
|
2700 |
|
Sajjan Kumar Goenka – HUF |
|
300 |
|
Goenka Sajjan Arun |
|
2885 |
|
Goenka Narendra Sakshi |
|
271 |
|
Goenka Suresh Shailesh |
|
2821 |
|
Goenka Suresh Neeti |
|
326 |
|
Goenka Arun Vinita |
|
2986 |
|
Goenka Narendra Nupur |
|
71 |
|
Goenka Chandi Prasad Sajjan |
|
152 |
|
Goenka Sajjan Neeraj |
|
2000 |
|
Suresh Goenka (HUF) |
|
1 |
|
Goenka Shailesh Nishita |
|
3000 |
|
Goenka Neeraj Sushma |
|
3100 |
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|
|
|
|
Total |
|
32757 |
AS ON 27.09.2014
|
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 Readymade Garments such as shirts, t-shirts,
skirts, dresses, jackets, and blazers for men, women and children. |
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Products/ Services : |
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Brand Names : |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
· Arrow · Izod · Cato · Pepe Jeans · Old Navy · Nautical · Polo Jeans Co. |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· Export-Import Bank of India 21 Floor, Centre One Building, World Trade Centre Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India · Canara Bank (Leader) Prime Corporate Branch, Shankaranarayan Building No. 25, M G Road, Bangalore - 560001, Karnataka, India · Canara Bank Fort Market Branch, Padhyan House, 309 Frere Road, Fort Market., Mumbai - 400038, Maharashtra, India · ICICI Bank Limited Landmarkrace
Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Induslnd Bank Limited CTS No.32, Acne Plaza, Near Sangam Talkiesfrere Road, Mumbai, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B. Choraria and Mates Chartered Accountants |
|
Address : |
594, 16th Cross, 35th Main, J P Nagar, 6th Phase,
Bangalore – 560078, Karnataka, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAJPC4940N |
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Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· Texport Garments Private Limited [U17115KA1996PTC019797] · J.B.C. International Private Limited [U15541MH1982PTC139761] ·
Texport Technologies Private Limited ·
Frisco International ·
Texport Garments |
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Subsidiary company
: |
· Rebound Exports Private Limited [U52322MH1987PTC044533] · JBC Garments Private Limited [U18101MH1995PTC091687] · Dubin Devices Private Limited [U34300KA1995PTC018106] ·
TIPL (Employees Group Gratuity Scheme) |
|
|
|
|
Associate : |
Texport Technoligies Private Limited
[U18101MH1987PTC042150] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
|
50,000 |
Preference Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 15.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32,757 |
Equity Shares |
Rs. 100/- each |
Rs. 3.276 Millions |
|
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|
|
|
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 |
3.276 |
3.276 |
3.276 |
|
(b) Reserves & Surplus |
1361.643 |
1169.598 |
1065.120 |
|
(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) |
1364.919 |
1172.874 |
1068.396 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
252.242 |
212.563 |
237.917 |
|
(b) Deferred tax liabilities (Net) |
20.206 |
21.873 |
23.780 |
|
(c)
Other long term liabilities |
14.450 |
9.450 |
10.100 |
|
(d)
long-term provisions |
31.333 |
29.345 |
26.129 |
|
Total
Non-current Liabilities (3) |
318.231 |
273.231 |
297.926 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1262.003 |
1285.973 |
1004.007 |
|
(b)
Trade payables |
298.350 |
187.394 |
193.948 |
|
(c)
Other current liabilities |
294.526 |
221.956 |
189.794 |
|
(d)
Short-term provisions |
212.377 |
178.373 |
124.483 |
|
Total
Current Liabilities (4) |
2067.256 |
1873.696 |
1512.232 |
|
|
|
|
|
|
TOTAL |
3750.406 |
3319.801 |
2878.554 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
723.817 |
625.199 |
635.797 |
|
(ii)
Intangible Assets |
2.984 |
5.081 |
1.217 |
|
(iii)
Capital work-in-progress |
10.551 |
25.205 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
14.841 |
14.841 |
14.841 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
120.149 |
112.322 |
138.984 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
872.342 |
782.648 |
790.839 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
442.768 |
314.043 |
399.896 |
|
(b)
Inventories |
762.826 |
544.154 |
515.889 |
|
(c)
Trade receivables |
1026.509 |
1055.338 |
802.294 |
|
(d)
Cash and cash equivalents |
101.544 |
83.290 |
71.507 |
|
(e)
Short-term loans and advances |
538.863 |
535.618 |
293.664 |
|
(f)
Other current assets |
5.554 |
4.710 |
4.465 |
|
Total
Current Assets |
2878.064 |
2537.153 |
2087.715 |
|
|
|
|
|
|
TOTAL |
3750.406 |
3319.801 |
2878.554 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4490.567 |
4091.599 |
|
|
|
|
Other Income |
303.557 |
40.880 |
|
|
|
|
TOTAL |
4794.124 |
4132.479 |
3987.867 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
4539.763 |
3979.250 |
3833.586 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
254.361 |
153.229 |
154.281 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
62.124 |
52.161 |
41.935 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
192.237 |
101.068 |
112.346 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
4085.926 |
3748.500 |
3666.428 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5868.58 |
3085.39 |
3429.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.28 |
2.47 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.83 |
4.67 |
5.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.13 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.11 |
1.28 |
1.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.35 |
1.38 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
3.276 |
3.276 |
3.276 |
|
Reserves & Surplus |
1065.120 |
1169.598 |
1361.643 |
|
Net
worth |
1068.396 |
1172.874 |
1364.919 |
|
|
|
|
|
|
Long-term borrowings |
237.917 |
212.563 |
252.242 |
|
Short term borrowings |
1004.007 |
1285.973 |
1262.003 |
|
Total
borrowings |
1241.924 |
1498.536 |
1514.245 |
|
Debt/Equity ratio |
1.162 |
1.278 |
1.109 |
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) |
|
Total Income |
3987.867 |
4132.479 |
4794.124 |
|
|
|
3.626 |
16.011 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
3987.867 |
4132.479 |
4794.124 |
|
Profit |
112.346 |
101.068 |
192.237 |
|
|
2.82% |
2.45% |
4.01% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
33.769 |
33.011 |
30.739 |
|
|
|
|
|
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
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 |
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 |
10308421 |
20/11/2012 * |
100,000,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
21 FLOOR, CENTRE
ONE BUILDING, WORLD TRADE CENTRE |
B66001827 |
|
2 |
10117693 |
18/08/2008 |
112,500,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
21 FLOOR, CENTRE
ONE BUILDING, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA -
400005, INDIA |
A43618404 |
|
3 |
10053028 |
22/05/2007 |
10,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, PADHYAN HOUSE, 309 FRERE ROAD, FORT MARKET., MUMBAI, MAHARASHTRA -
400038, INDIA |
A15600778 |
|
4 |
10051932 |
30/04/2007 |
23,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, PADHYAN HOUSE, 309 FRERE ROAD, FORT MARKET., MUMBAI, MAHARASHTRA -
400038, INDIA |
A15278757 |
|
5 |
10052887 |
30/04/2007 |
185,500,000.00 |
CORPORATION BANK |
INDUSTRIAL
FINANCE BRANCH, INDIAN EXPRESS BLDG., |
A15795735 |
|
6 |
10048400 |
09/04/2007 |
30,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, PADHYAN HOUSE, 309 FRERE ROAD, FORT MARKET., MUMBAI, MAHARASHTRA -
400038, INDIA |
A14028757 |
|
7 |
10035875 |
19/01/2007 |
140,000,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
A10222339 |
|
8 |
10031140 |
15/12/2006 |
10,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, PADHYAN HOUSE, FORT MARKET, MUMBAI, MAHARASHTRA - 400038, INDIA |
A08666182 |
|
9 |
10032381 |
15/12/2006 |
20,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, PADHYAN HOUSE, FORT MARKET, MUMBAI, MAHARASHTRA - 400038, INDIA |
A08666653 |
|
10 |
10026848 |
16/11/2006 |
10,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FERRE ROAD,, MUMBAI, MAHARASHTRA - 400038, INDIA |
A06687073 |
|
11 |
10031470 |
30/10/2006 |
270,200,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, PADYAN HOUSE, FORT MARKET, MUMBAI, MAHARASHTRA - 400038, INDIA |
A06687297 |
|
12 |
10019420 |
07/09/2006 * |
30,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FERRE ROAD, MUMBAI, MAHARASHTRA - 400038, INDIA |
A04075446 |
|
13 |
10009980 |
07/07/2006 |
10,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FERRE ROAD, MUMBAI, MAHARASHTRA - 400038, INDIA |
A02324101 |
|
14 |
10009484 |
23/06/2006 |
13,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FERRE ROAD, MUMBAI, MAHARASHTRA - 400038, INDIA |
A02157667 |
|
15 |
10073682 |
30/04/2006 |
639,200,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FERRE ROAD, MUMBAI, MAHARASHTRA - 400001, INDIA |
A05755970 |
|
16 |
90241659 |
22/11/2005 |
10,000,000.00 |
CANARA BANK |
FORT MARKET BR FRERE
ROAD FORT, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
17 |
90241551 |
17/08/2005 |
7,500,000.00 |
CANARA BANK |
FORT MARKET BR
FRERE ROAD FORT, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
18 |
90241437 |
25/04/2005 |
7,000,000.00 |
CANARA BANK |
FORT MARKET BR
FRERE ROAD FORT, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
19 |
90241232 |
22/11/2004 |
13,500,000.00 |
CANARA BANK |
FORT MARKET BR
ERARA ROAD FORT, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
20 |
90219185 |
14/09/2004 |
32,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FRERE ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
21 |
90219170 |
08/01/2004 * |
23,300,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FRERE ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
22 |
90219160 |
27/11/2002 |
13,500,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FRERE ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
23 |
90240813 |
13/03/2005 * |
32,000,000.00 |
CANARA BANK |
FORT MARKET BR
ERARA ROAD FORT, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
24 |
90219148 |
15/05/2001 |
10,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FRERE ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
25 |
90219145 |
22/01/2001 |
10,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FRERE ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
26 |
90219127 |
25/10/2001 * |
130,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FRERE ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
27 |
90219125 |
08/01/2001 * |
5,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FRERE ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
28 |
90219116 |
25/10/2001 * |
80,000,000.00 |
CANARA BANK |
FORT MARKET
BRANCH, FRERE ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
29 |
90219095 |
13/12/2012 * |
22,939,000.00 |
CANARA BANK
CORPORATION BANK ICICI BANK & EXIM BAN |
PRIME CORPORATE
BRANCH, SHANKAR NARAYANA BUILDING, |
B65761538 |
|
30 |
90240536 |
10/03/2005 * |
800,000.00 |
CANARA BANK |
FORT MARKET BR
FRERE ROAD FORT, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
45.637 |
13.140 |
|
Loans and advances from others |
58.569 |
35.403 |
|
Other loans and advances |
67.785 |
0.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from directors |
15.212 |
13.140 |
|
Loans and advances from others |
19.523 |
35.403 |
|
Other loans and advances |
22.595 |
0.000 |
|
|
|
|
|
Total |
229.321 |
97.086 |
CORPORATE
INFORMATION
Texport was set up
in 1979 by Mr. Narendra Goenka, who along with his brothers, Mr. Sajjan Goenka
and Mr. Suresh Goenka, is involved in managing the company. Texport
manufactures and exports readymade garments such as shirts, t-shirts, skirts,
dresses, jackets, and blazers for men, women and children. The company has two
divisions: woven and knit garments; around 70 per cent of the company’s
revenues come from the woven division and the rest from knits. Texport exports
its products to the US, Canada, Australia, the UK and Continental Europe.
OPERATIONS:
During the year, the Company has earned a profit after tax
of Rs. 192.237 Millions compared to the profit of Rs. 101.068 Millions earned
during the previous year. The company has earned Rs. 4794.124 Millions as
operation revenue out of which Rs. 4083.792 Millions was from export sales and
Rs. 313.723 Millions was from domestic sales. Other Income was amounted to Rs.
303.557 Millions. The total expenditure during the year was amounted to Rs.
4539.763 Millions.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Other plant and equipment
· Furniture and fixtures
· 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. 62.26 |
|
|
1 |
Rs. 96.01 |
|
Euro |
1 |
Rs. 70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
45 |
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.