|
|
|
MIRA INFORM REPORT
|
Report No. : |
489507 |
|
Report Date : |
05.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
AL-RKAYAN APPARELS AND EXPORTS PRIVATE LIMITED [w.e.f.
14.12.2017] |
|
|
|
|
Formerly Known
As : |
SUUMAYA DENIMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
16 Cama Industrial Estate, Walbhat Road, Goregaon (East),
Mumbai-400063, Maharashtra |
|
Tel. No.: |
91-22-26861109 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
03.02.2003 |
|
|
|
|
Com. Reg. No.: |
11-138968 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 15.000
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2003PTC138968 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
27AAECA0525F1Z6 |
|
|
|
|
TIN No.: |
27610256032 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA0525F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Supplier, Exporter, Distributer, Comfirmer and Otherwise Trader and Dealer in Textile, Textile Goods, Readymade Garments, Consumer Goods, etc. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2003 and it is having satisfactory track records. Management of the company has not filed its financials of 2017 with government department. As per available financials of 2016, the company has increased in its revenue from operation but maintained minimal profitability margin of 0.24%. Rating takes into consideration sound financial profile of the company marked by adequate networth base and low debt balance sheet. Further, rating also derives strength its long standing track records of business operation along with improvement in the revenue profile during the year. However, rating strength is partially offset by low profitability margin reported during the year and highly intense competitive garment industry. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings at usual trade terms and condition. |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 05.02.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
|
Name : |
Mr. Mahendra |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9833895871 |
|
Date : |
01.02.2018 |
LOCATIONS
|
Registered Office/ Manufacturing
Plant
: |
16 Cama Industrial Estate, Walbhat Road, Goregaon (East),
Mumbai-400063, Maharashtra, India |
|
Tel. No.: |
91-22-26861109 |
|
Mobile No.: |
91-9833895871 [Mr. Mahendra] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Prabhakar Shyama Shetty |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
144, Malhar Tower, Meg Malhar Complex, Yashodham Gen. A.K.
Vaidya Marg, Goregaon East, Mumbai-400063, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
07.06.1956 |
||||||||||||||||
|
Qualification : |
Bachelor of Business Management |
||||||||||||||||
|
Date of Appointment : |
03.02.2003 |
||||||||||||||||
|
PAN No.: |
AABPS5793D |
||||||||||||||||
|
DIN No.: |
00226818 |
||||||||||||||||
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Ismail Mohammed Aboobakar |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
D-1304, Samarpan Kanakiya Spaces Western Express Highway
Opposite Spectra Mot Ors Borivali East, Mumbai-400066, Maharashtra,
India |
||||||||||||||||
|
Date of Birth/Age : |
06.06.1960 |
||||||||||||||||
|
Qualification : |
Bachelor of Commerce |
||||||||||||||||
|
Date of Appointment : |
02.09.2017 |
||||||||||||||||
|
PAN No.: |
AGRPA3773F |
||||||||||||||||
|
DIN No.: |
02232144 |
||||||||||||||||
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Atul Daulatram Desai |
||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||
|
Address : |
2nd Floor, Jupiter, Opp- VIP Hotel, T.P.S.V Road, Vile
Parle (East), Mumbai-400057, Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
02.01.2018 |
||||||||||||||||
|
DIN No.: |
07978305 |
||||||||||||||||
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Mahendra |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2016
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Prabhakar Shyama Shetty |
749970 |
50.00 |
|
Harshini P Shetty |
150030 |
10.00 |
|
Ismail Mohammed Aboobakar |
600000 |
40.00 |
|
|
|
|
|
Total |
1500000 |
100.00 |
AS ON: 30.06.2017
|
Names of Allottees |
|
No. of Shares |
|
Richway International Trade Limited, India |
|
2700000 |
|
Ushik Mahesh Gala |
|
1200 |
|
Karishma Ruturaj Kaku |
|
1200 |
|
Amisha Sanjay Shah |
|
1800 |
|
Jyotsana Nathlal Shah |
|
1800 |
|
Mahesh Devchand Gala HUF |
|
1200 |
|
|
|
|
|
Total |
|
2707200 |
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier, Exporter, Distributer, Comfirmer and Otherwise Trader and Dealer in Textile, Textile Goods, Readymade Garments, Consumer Goods, etc. [Registered Activity] |
||||||
|
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|
||||||
|
Products/ Services : |
|
||||||
|
|
|
||||||
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Brand Names : |
Not Available |
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|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Not Divulged |
||||||
|
|
|
||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
· Leonidas · Park Avenue · Killer · The Raymond Shop · Devotie · Lesley ·
LD Active |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
The United Western Bank Limited Dadar-14
Branch, Mumbai - 400016, Maharashtra, India · Union Bank of India Mumbai Samachar Marg Branch,, 66/80, Mumbai Samachar Marg, Fort,, Mumbai - 400023, Maharashtra, India |
|||||||||||||||
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|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Kailash Chand Jain and Company Chartered Accountants |
|
Address : |
503 Salasar Anjani Ashish Complex, Temba Road, Bhayandar West, Mumbai-401101, Maharashtra, India |
|
PAN No.: |
AAASK3998D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : [As on 31.03.2016] |
Premier Lighting Industries Private Limited, India [U52100MH1961PTC012221] |
CAPITAL STRUCTURE
AS ON: 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4300000 |
Equity Shares |
INR 10/- each |
INR 43.000
Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4207200 |
Equity Shares |
INR 10/- each |
INR 42.072
Million |
|
|
|
|
|
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.000 |
15.000 |
15.000 |
|
(b) Reserves and Surplus |
52.269 |
48.435 |
44.897 |
|
(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) |
67.269 |
63.435 |
59.897 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
63.770 |
48.404 |
330.673 |
|
(b) Deferred tax liabilities (Net) |
13.380 |
13.923 |
15.910 |
|
(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) |
77.150 |
62.327 |
346.583 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
118.191 |
128.984 |
409.487 |
|
(c) Other current
liabilities |
342.763 |
290.312 |
23.873 |
|
(d) Short-term
provisions |
2.676 |
7.364 |
3.960 |
|
Total Current
Liabilities (4) |
463.630 |
426.660 |
437.320 |
|
|
|
|
|
|
TOTAL |
608.049 |
552.422 |
843.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
124.649 |
136.205 |
122.958 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.267 |
0.000 |
6.001 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.038 |
0.038 |
0.038 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
124.954 |
136.243 |
128.997 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
342.438 |
319.942 |
271.094 |
|
(c) Trade
receivables |
132.904 |
89.325 |
434.878 |
|
(d) Cash and
bank balances |
1.187 |
2.781 |
3.457 |
|
(e)
Short-term loans and advances |
6.566 |
4.131 |
5.374 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
483.095 |
416.179 |
714.803 |
|
|
|
|
|
|
TOTAL |
608.049 |
552.422 |
843.800 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1573.519 |
1389.522 |
805.993 |
|
|
Other Income |
0.022 |
0.032 |
0.000 |
|
|
TOTAL |
1573.541 |
1389.554 |
805.993 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
125.250 |
114.403 |
85.610 |
|
|
Purchases of
Stock-in-Trade |
1206.562 |
1114.607 |
569.258 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
29.065 |
(47.003) |
(34.233) |
|
|
Employee benefit expense |
81.205 |
84.601 |
71.271 |
|
|
Other expenses |
63.422 |
58.139 |
63.827 |
|
|
TOTAL |
1505.504 |
1324.747 |
755.733 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
68.037 |
64.807 |
50.260 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
46.599 |
37.272 |
29.076 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
21.438 |
27.535 |
21.184 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.237 |
19.857 |
9.059 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5.201 |
7.678 |
12.125 |
|
|
|
|
|
|
|
Less |
TAX |
1.367 |
(0.319) |
5.854 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.834 |
7.997 |
6.271 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1.564 |
1.598 |
3.945 |
|
|
TOTAL EARNINGS |
1.564 |
1.598 |
3.945 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.56 |
5.33 |
4.18 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
280.538 |
277.449 |
22.223 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
35.342 |
89.647 |
(87.791) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
35.342 |
88.703 |
(89.397) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
30.83 |
23.46 |
196.94 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
11.84 |
15.56 |
1.85 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
32.39 |
38.31 |
228.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.20 |
0.20 |
0.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.54 |
0.48 |
0.39 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.33 |
1.36 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
5.12 |
5.14 |
5.89 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
6.89 |
6.73 |
7.30 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.86 |
2.15 |
2.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.46 |
1.74 |
1.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.24 |
0.58 |
0.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.63 |
1.45 |
0.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.70 |
12.61 |
10.47 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.04 |
0.98 |
1.63 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.30 |
0.23 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.11 |
0.11 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
22.95 |
21.72 |
23.53 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.04 |
0.98 |
1.63 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
44.897 |
48.435 |
52.269 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
59.897 |
63.435 |
67.269 |
|
|
|
|
|
|
Long-term borrowings |
330.673 |
48.404 |
63.770 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
22.223 |
277.449 |
280.538 |
|
Total
borrowings |
352.896 |
325.853 |
344.308 |
|
Debt/Equity
ratio |
5.892 |
5.137 |
5.118 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
805.993 |
1389.522 |
1573.519 |
|
|
|
72.399 |
13.242 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
805.993 |
1389.522 |
1573.519 |
|
Profit/ (Loss) |
6.271 |
7.997 |
3.834 |
|
|
0.78
% |
0.58
% |
0.24
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
26 |
Turnover of firm for last three 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C46390431 |
10554549 |
UNION BANK OF INDIA |
16/02/2015 |
- |
- |
15000000.0 |
MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG, FORT,MUMBAIMH400023IN |
|
2 |
B79810008 |
10437322 |
UNION BANK OF INDIA |
18/06/2013 |
- |
- |
15000000.0 |
Mumbai Samachar Marg Branch,66/80,Mumbai Samachar Marg,FortMumbaiMH400023IN |
|
3 |
B44716231 |
10368118 |
UNION BANK OF INDIA |
26/07/2012 |
- |
- |
5000000.0 |
Mumbai Samachar Marg Branch,66/80,Mumbai Samachar Marg,FortMumbaiMH400023IN |
|
4 |
B29536075 |
10328909 |
UNION BANK OF INDIA |
15/12/2011 |
- |
- |
15000000.0 |
Mumbai Samachar Marg Branch,66/80, Mumbai Samachar Marg, Fort,MumbaiMH400023IN |
|
5 |
B11994076 |
10285044 |
UNION BANK OF INDIA |
11/04/2011 |
- |
- |
3000000.0 |
MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG BRANCH, FORT,MUMBAIMH400023IN |
|
6 |
A81279176 |
10208770 |
UNION BANK OF INDIA |
26/02/2010 |
- |
- |
15000000.0 |
RETAIL MART, MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG, FORT,MUMBAIMH400023IN |
|
7 |
A78908472 |
10201922 |
UNION BANK OF INDIA |
22/12/2009 |
- |
- |
574000.0 |
RETAIL MART, MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG, FORT,MUMBAIMH400023IN |
|
8 |
A52849452 |
10134579 |
UNION BANK OF INDIA |
17/12/2008 |
- |
- |
2500000.0 |
RETAIL MART, MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG, FORT,MUMBAIMH400023IN |
|
9 |
A52849296 |
10134581 |
UNION BANK OF INDIA |
17/12/2008 |
- |
- |
5000000.0 |
RETAIL MART, MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG, FORT,MUMBAIMH400023IN |
|
10 |
A52849361 |
10134580 |
UNION BANK OF INDIA |
17/12/2008 |
- |
- |
15000000.0 |
RETAIL MART, MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG, FORT,MUMBAIMH400023IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
24.953 |
8.915 |
|
Loans and advances from others |
16.196 |
9.974 |
|
|
|
|
|
Total |
41.149 |
18.889 |
CORPORATE INFORMATION
Al-Rkayan Apparels & Exports Private Limited registered office at Plot No 16, Cama Industrial Estate, Goregaon (E), Mumbai (400063) carry on its business as a manufacturer, supplier, exporter, distributer, comfirmer and otherwise trader and dealer in textile, textile goods, readymade garments, consumer goods.
BRIEF DESCRIPTION OF THE COMPANY’S WORKING
DURING THE YEAR/STATE OF COMPANY’S AFFAIRS
The Company is manufacturer of ready made garments which are marketed in different brands. During the year the Company’s Domestic turn-over has increased to INR 1571.955 Million from INR 1387.924 Million in previous year and the Exports for the year amounted to INR 1.564 against INR 1.598 in the previous year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 records 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
|
INR |
|
US Dollar |
1 |
INR 64.08 |
|
UK Pound |
1 |
INR 91.34 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.