MIRA INFORM REPORT
|
Report No. : |
328493 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
R B WOVENS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
60, Raja Street, Sanjay Nagar, Erode – 638011, Tamilnadu |
|
Tel. No.: |
91-424-2217288 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
01.04.2005 |
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|
|
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Com. Reg. No.: |
18-011696 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.22.275 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111TZ2005PTC011696 |
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|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CMBR04227G |
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|
|
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PAN No.: [Permanent Account No.] |
AACCR9650E |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing textile woven and non-woven fabrics |
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|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 760000 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the ear 2005 for manufacturing textile
woven and non-woven fabrics. It is having a satisfactory track. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Senthil Kumar |
|
Designation : |
Export Manager |
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Contact No.: |
91-424-2217288 |
|
Date : |
22.06.2015 |
LOCATIONS
|
Registered Office / Factory 1 : |
60 Raja Street, Sanjay Nagar, Erode – 638011, Tamilnadu, India |
|
Tel. No.: |
91-424-2217288 |
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Fax No.: |
91-424-2268043 |
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E-Mail : |
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Area : |
2000 Sq. Ft. (Owned) |
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Factory 2: |
149/1, Kathirampatti Village, Erode – 638140, Tamilnadu, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Balakrishnan Sivagnanam |
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|
Designation : |
Managing Director |
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|
Address : |
29-Sanjay Nagar, Veerappanchatram, Erode - 638004, Tamilnadu, India |
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Date of Birth/Age : |
10.06.1968 |
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Date of Appointment : |
01.04.2005 |
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DIN No.: |
00230342 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Rajagounder Balakrishnan |
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Designation : |
Director |
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|
Address : |
29-Sanjay Nagar, Veerappanchatram, Erode - 638004, Tamilnadu, India |
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|
Date of Birth/Age : |
03.06.1936 |
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Date of Appointment : |
01.04.2005 |
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DIN No.: |
00230558 |
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Election Commission Identity Card No.: |
TN/17/120/28376 |
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Other Directorship:
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Name : |
Mrs. Pushpalatha Sivagnanam |
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|
Designation : |
Director |
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|
Address : |
29-Sanjay Nagar, Veerappanchatram, Erode - 638004, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.04.1974 |
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Date of Appointment : |
01.04.2005 |
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DIN No.: |
00230329 |
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|
||||||||||||||||||||||||||||||||||||
|
Name : |
Nagarathinam Balakrishnan |
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|
Designation : |
Director |
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|
Address : |
29-Sanjay Nagar, Veerappanchatram, Erode - 638004, Tamilnadu, India |
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|
Date of Birth/Age : |
29.04.1945 |
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|
Date of Appointment : |
01.04.2005 |
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DIN No.: |
00230354 |
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Election Commission Identity Card No.: |
TN/17/120/228377 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Senthil Kumar |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Rajagounder Balakrishnan |
78150 |
35.08 |
|
Balakrishnan Sivagnanam |
68100 |
30.57 |
|
Nagarathinam Balakrishnan |
52700 |
23.66 |
|
Pushpalatha Sivagnanam |
23200 |
10.42 |
|
K. Palanisamy |
300 |
0.13 |
|
P. Malliga |
300 |
0.13 |
|
Total |
222750 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing textile woven and non-woven fabrics. |
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|
|
|
Products : |
Textile woven and non-woven fabrics |
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|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
Note: Packing credit loan from the Federal Bank Limited is secured by
hypothecation of stocks and book debts of the company |
|
Auditors : |
|
|
Name : |
T V Venkataramanan and Company Chartered Accountants |
|
Address : |
15/D-1, Sathy Road, Behind Lotus Agency, Erode – 638003, Tamilnadu,
India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABIPV8951C |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
222750 |
Equity Shares |
Rs.100/- each |
Rs.22.275 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
22.275 |
22.275 |
22.275 |
|
(b) Reserves & Surplus |
244.735 |
139.022 |
71.387 |
|
(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) |
267.010 |
161.297 |
93.662 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
32.935 |
13.955 |
41.170 |
|
(b) Deferred tax liabilities
(Net) |
3.311 |
0.773 |
6.580 |
|
(c) Other long term
liabilities |
115.416 |
21.964 |
30.698 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
151.662 |
36.692 |
78.448 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
148.504 |
31.526 |
65.079 |
|
(b) Trade payables |
54.787 |
42.426 |
28.713 |
|
(c) Other current liabilities |
1.881 |
12.352 |
31.407 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
205.172 |
86.304 |
125.199 |
|
|
|
|
|
|
TOTAL |
623.844 |
284.293 |
297.309 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
245.786 |
109.753 |
136.130 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
1.427 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
29.494 |
30.404 |
20.194 |
|
(e) Other Non-current assets |
0.024 |
0.047 |
0.071 |
|
Total
Non-Current Assets |
276.731 |
140.204 |
156.395 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
18.439 |
10.311 |
23.960 |
|
(c) Trade receivables |
34.243 |
50.645 |
91.899 |
|
(d) Cash and cash equivalents |
286.719 |
72.095 |
11.175 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
7.712 |
11.038 |
13.880 |
|
Total
Current Assets |
347.113 |
144.089 |
140.914 |
|
|
|
|
|
|
TOTAL |
623.844 |
284.293 |
297.309 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
385.235 |
409.360 |
434.259 |
|
|
Other Income |
45.895 |
16.479 |
0.923 |
|
|
TOTAL
(A) |
431.130 |
425.839 |
435.182 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
129.830 |
155.994 |
186.697 |
|
|
Purchase of traded goods |
0.000 |
0.412 |
0.000 |
|
|
Changes in Inventories of Finished Goods and Work in
Progress |
4.580 |
12.832 |
55.732 |
|
|
Employee benefits expenses |
13.679 |
12.097 |
8.733 |
|
|
Other expenses |
94.909 |
112.456 |
107.981 |
|
|
Exceptional Items |
0.000 |
0.181 |
0.239 |
|
|
TOTAL
(B) |
242.998 |
293.972 |
359.382 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
188.132 |
131.867 |
75.800 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.596 |
13.071 |
16.062 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
184.536 |
118.796 |
59.738 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
46.776 |
29.056 |
40.142 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
137.760 |
89.740 |
19.596 |
|
|
|
|
|
|
|
Less |
TAX (H) |
32.047 |
22.105 |
2.020 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
105.713 |
67.635 |
17.576 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
139.022 |
71.387 |
53.811 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
244.735 |
139.022 |
71.387 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
220.919 |
267.681 |
323.465 |
|
|
TOTAL
EARNINGS |
220.919 |
267.681 |
323.465 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
30.000 |
3.078 |
4.695 |
|
|
Capital Goods |
188.393 |
8.113 |
4.455 |
|
|
TOTAL
IMPORTS |
218.393 |
11.191 |
9.150 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
474.58 |
303.64 |
78.90 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
285.000 |
The above information has been parted by Mr. Senthil Kumar
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
10.390 |
29.531 |
|
Cash generated from operations |
262.226 |
167.265 |
47.972 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
27.44 |
16.52 |
4.05 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
48.84 |
32.21 |
17.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.13 |
31.57 |
6.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
0.56 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.68 |
0.35 |
1.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.69 |
1.67 |
1.13 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
22.275 |
22.275 |
22.275 |
|
Reserves & Surplus |
71.387 |
139.022 |
244.735 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
93.662 |
161.297 |
267.010 |
|
|
|
|
|
|
long-term borrowings |
41.170 |
13.955 |
32.935 |
|
Short term borrowings |
65.079 |
31.526 |
148.504 |
|
Current Maturities of
Long-Term Debts |
29.531 |
10.390 |
0.000 |
|
Total
borrowings |
135.780 |
55.871 |
181.439 |
|
Debt/Equity
ratio |
1.450 |
0.346 |
0.680 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
434.259 |
409.360 |
385.235 |
|
|
|
(5.734) |
(5.893) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
434.259 |
409.360 |
385.235 |
|
Profit |
17.576 |
67.635 |
105.713 |
|
|
4.05% |
16.52% |
27.44% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION:
Subject was incorporated on 1 April 2005 with the objective of
manufacturing textile woven and non-woven fabrics. The company manufactures
textiles woven/non-woven fabrics and textile made up garments and cater to the
need of export markets in Europe, USA and Brazil. The company also does job
work in respect of weaving, sizing and warping to cater the needs of local
domestic market. The company also has two wind mill division at Dharapuram and
Udumalpet.
BUSINESS AND
FUTURE OUTLOOK:
During the year company has attained a sales turnover of Rs.431.130
Million as against the sales turnover of Rs.425.840 Million in the last year.
Though there was 16% (year to year) decrease in export sales, the company has
attained a growth of 35% (year to year) in job conversion business and 16%
increase in wind energy business. During the year company earned profit of
Rs.105.492 Million as against Rs.67.635 Million in the last year. The company
windmills are operating at its full capacity and generated 4898432 units as
against 6630645 units of electricity generated in the last year.
During the year the company has installed new plant and machinery of Rs.
191.177 Million to increase the installed capacity.
The directors hope the company as well as the profitability would be more encouraging in the forthcoming year.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Loan from directors |
32.935 |
13.955 |
|
Total |
32.935 |
13.955 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90009383 |
13/08/2014 * |
440,676,000.00 |
THE FEDERAL BANK LIMITED |
22 PALANIAPPA STREET, PERUNDURAI ROAD, ERODE, TAM |
C19854991 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Electrical Installations
·
Furniture and fittings
·
Vehicle
·
Computer
·
Wind Mills
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 records 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.63.51 |
|
UK Pound |
1 |
Rs.100.94 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.