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|
|
MIRA INFORM REPORT
|
Report No. : |
490063 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRATIBHA SYNTEX LIMITED (w.e.f. 05.05.2011) |
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|
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Formerly Known
As : |
PRATIBHA SYNTEX PRIVATE LIMITED (w.e.f. 19.06.2007) PRATIBHA SYNTEX LIMITED |
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Registered
Office : |
301, Acme Plaza, Andheri-Kurla Road, Opposite Sangam Cinema, Andheri
(East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-66921428 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
08.10.1982 |
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Com. Reg. No.: |
11-118017 |
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Capital
Investment / Paid-up Capital : |
INR 235.177 Million |
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|
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CIN No.: [Company Identification
No.] |
U17111MH1982PLC118017 |
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IEC No.: |
0889009350 |
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CST/ TIN No.: |
23041201919 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AABCP4207C |
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GSTIN/UIN : |
Not Divulged |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing, job working and undertaking, dyeing, bleaching,
printing and processing of man-made fibres, cotton fibres, fabrics of cotton,
silk, nylon, polyester, chiffon, acrylic, rayon, wool, shoddy, jute, hump and
other fibres. (Registered Activity) |
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|
|
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No. of Employees
: |
Information declined by the management |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1982. The company is a
manufacturer of cotton, fibers, fabrics and apparel. As per the financial records of 2017, the company has observed a dip
in its revenue as compared to the previous year but has achieved an average
profitability margin of 4.51%. The company possesses sound financial profile marked by healthy
networth base along with acceptable debt level and comfortable liquidity
position. Business is active. Payment seems to be regular. In view of aforesaid, 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
|
Rating Agency Name |
India Rating |
|
Rating |
Long Term Loans=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
14.03.2017 |
|
Rating Agency Name |
India Rating |
|
Rating |
Short Term Loans=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
14.03.2017 |
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 09.02.2018
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 DENIED BY
|
Name : |
Mr. Karan |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-7292-404362 |
|
Date : |
06.02.2018 |
(Tel. No.: 91-22-28361464/ 28314850/ 28314853 Ringing)
LOCATIONS
|
Registered Office : |
301, Acme Plaza, Andheri-Kurla Road, Opposite Sangam Cinema, Andheri
(East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28361464 / 28314850 / 28314853 / 66921428 / 28314850 |
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Fax No.: |
91-22-28361464 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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|
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Corporate Office : |
Indore Office 301, Apollo Avenue, 30-B, Old Palasia, Indore – 452001, Madhya Pradesh, India |
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Tel. No.: |
91-731-2562228 / 2562229 |
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Fax No.: |
91-731-2562227 |
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E-Mail : |
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Factory 1 : |
Plot No.4, Industrial Growth Centre, Kheda, Pithampur, District: Dhar – 454774, Madhya Pradesh, India |
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Tel. No.: |
91-7292-404362/3 |
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Fax No.: |
91-7292-256340/1 |
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E-Mail : |
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Location : |
Owned |
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Factory 2 : |
S-5/2 Sector-I, Pithampur, District: Dhar – 451028, Madhya Pradesh, India |
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Factory 3 : |
Plot No. A-15 and A-16, Apparel Park, Indore Special Economic Zone, Phase-2, District: Dhar – 454774, Madhya Pradesh, India |
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Factory 4 : |
Plot No. 160, Sector-3, Pithampura, District: Dhar – 454774, Madhya Pradesh, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Shreyaskar Chaudhary |
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Designation : |
Managing Director |
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Address: |
80-A, Manishpuri, Indore – 452018, Madhya Pradesh, India |
||||||||||||
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Date of Birth/ Age : |
05.04.1976 |
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Qualification : |
B. Tech |
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Date of Appointment: |
26.02.2003 |
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PAN No.: |
ACQPC6860Q |
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DIN No.: |
00059059 |
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Other Directorship:
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Name : |
Mr. Shiv Kumar Chaudhary |
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Designation : |
Whole Time Director |
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Address: |
80-A, Manishpuri, Indore – 452018, Madhya Pradesh, India |
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Date of Birth/ Age : |
28.08.1962 |
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Qualification : |
B. Com |
||||||||||||
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Date of Appointment: |
01.04.2006 |
||||||||||||
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PAN No.: |
ACMPC5347G |
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DIN No.: |
00071955 |
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Other Directorship:
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Name : |
Mr. Atul Kumar Mittal |
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Designation : |
Whole Time Director |
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|
Address: |
404, Aurum-1, Apollo DB City, Nipania, Indore – 452010, Madhya
Pradesh, India |
||||||||||||
|
Date of Appointment: |
29.03.2017 |
||||||||||||
|
DIN No.: |
07774243 |
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|
||||||||||||
|
Name : |
Mr. Ram Kishan Sharma |
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Designation : |
Director |
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|
Address: |
306, Suryalok Apartment, Near Dhadra Hospital, Kim Kudead Road, Kim,
Surat – 396001, Gujarat, India. |
||||||||||||
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Date of Birth/ Age : |
07.07.1941 |
||||||||||||
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Qualification : |
M.Com/ M.B.A. |
||||||||||||
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Date of Appointment: |
10.06.1996 |
||||||||||||
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DIN No.: |
00084971 |
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|
||||||||||||
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Name : |
Mr. Asit Kumar Basu |
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Designation : |
Director |
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Address: |
Plot No.61, Row House, Sector – 8, Kopar Khairane, Navi Mumbai –
400709, Maharashtra, India |
||||||||||||
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Date of Birth/ Age : |
24.08.1949 |
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Qualification : |
M.E. (Mech.) |
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Date of Appointment: |
01.02.2015 |
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DIN No.: |
01382260 |
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Other Directorship:
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Name : |
Ms. Vineta Phaye |
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Designation : |
Director |
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Address: |
75-A, Tulsi Nagar, Indore – 452010, Madhya Pradesh, India |
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Date of Appointment: |
01.10.2016 |
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DIN No.: |
07259896 |
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Name : |
Mr. Sanjay Wasantrao Tanksale |
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Designation : |
Nominee Director |
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Address: |
5B, B-2 Building, Harobour Heights, N A Sawant Marg, Colaba, Mumbai –
400005, Maharashtra, India |
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Date of Appointment: |
28.10.2015 |
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DIN No.: |
02414203 |
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KEY EXECUTIVES
|
Name : |
Mr. Pawan Kumar Verma |
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Designation : |
Chief Financial Officer |
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Address: |
B-21, Shalimar Township, A.B. Road, Indore – 454010, Madhya Pradesh,
India |
|
Date of Appointment : |
07.04.2014 |
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PAN No.: |
ACPPV4713L |
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|
|
|
Name : |
Mr. Narendra Kumar Joshi |
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Designation : |
Company Secretary |
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Address : |
E-302, Rakhee Building, Vasant Utsav, Near Thakur College, Thakur Village, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
05.09.1962 |
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Date of Appointment : |
01.12.1994 |
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PAN No.: |
ABXPJ0038P |
|
|
|
|
Name : |
Mr. Karan |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Shiv Kumar Chaudhary |
|
1613733 |
|
Shreyaskar Chaudhary |
|
1527860 |
|
S.K. Chaudhary and Sons (HUF) |
|
685282 |
|
Sushma Chaudhary |
|
3988237 |
|
Prerna Chaudhary |
|
4201084 |
|
BRCM Holdings Private Limited, India |
|
7501252 |
|
Darkin Commodeal Private Limited, |
|
400294 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
51.09 |
|
Promoters (Body corporate) |
31.90 |
|
Public/Other than promoters (Body corporate) |
17.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, job working and undertaking, dyeing, bleaching, printing
and processing of man-made fibres, cotton fibres, fabrics of cotton, silk,
nylon, polyester, chiffon, acrylic, rayon, wool, shoddy, jute, hump and other
fibres. (Registered Activity) |
||||||||
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Products/ Services : |
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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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|
||||||||
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Imports : |
Not Divulged |
||||||||
|
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|
||||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
|
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Auditors : |
|
|
Name : |
Kanji Agrawal and Company Chartered Accountants |
|
Address : |
42 F-H. 42, Scheme No. 54, Pithampur, Dhar, Madhya Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ADKPA7481J |
|
|
|
|
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 : |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25510000 |
Equity Shares |
INR 10/- each |
INR 255.100 Million |
|
7300000 |
Preference Shares |
INR 113/- each |
INR 824.900 Million |
|
|
Total
|
|
INR 1080.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23517742 |
Equity Shares |
INR 10/- each |
INR 235.177
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
235.177 |
235.177 |
235.177 |
|
(b) Reserves and Surplus |
1127.789 |
758.800 |
484.771 |
|
(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) |
1362.966 |
993.977 |
719.948 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2602.895 |
3192.940 |
3761.229 |
|
(b) Deferred tax liabilities (Net) |
116.013 |
156.556 |
173.477 |
|
(c) Other long-term
liabilities |
3.818 |
6.486 |
5.631 |
|
(d) long-term
provisions |
85.676 |
85.838 |
45.290 |
|
Total Non-current
Liabilities (3) |
2808.402 |
3441.820 |
3985.627 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
2192.190 |
2633.352 |
2575.136 |
|
(b) Trade
payables |
245.730 |
248.912 |
331.724 |
|
(c) Other
current liabilities |
607.992 |
636.826 |
556.021 |
|
(d) Short-term
provisions |
327.360 |
336.311 |
178.773 |
|
Total Current
Liabilities (4) |
3373.272 |
3855.401 |
3641.654 |
|
|
|
|
|
|
TOTAL |
7544.640 |
8291.198 |
8347.229 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3521.745 |
3736.209 |
4035.592 |
|
(ii)
Intangible Assets |
7.924 |
8.095 |
11.808 |
|
(iii) Tangible assets
capital work-in-progress |
68.239 |
59.542 |
47.075 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.731 |
16.546 |
16.546 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
45.862 |
51.809 |
54.665 |
|
(e) Other Non-current
assets |
10.079 |
12.094 |
14.110 |
|
Total Non-Current
Assets |
3656.580 |
3884.295 |
4179.796 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2337.219 |
2603.296 |
2576.163 |
|
(c) Trade
receivables |
672.493 |
671.170 |
692.746 |
|
(d) Cash and
bank balances |
204.586 |
223.920 |
178.498 |
|
(e)
Short-term loans and advances |
656.460 |
858.668 |
639.924 |
|
(f) Other
current assets |
17.302 |
49.849 |
80.102 |
|
Total Current
Assets |
3888.060 |
4406.903 |
4167.433 |
|
|
|
|
|
|
TOTAL |
7544.640 |
8291.198 |
8347.229 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
8174.900 |
8284.942 |
8281.417 |
|
|
Other Income |
17.858 |
21.901 |
18.195 |
|
|
TOTAL |
8192.758 |
8306.843 |
8299.612 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3776.899 |
3687.470 |
4277.928 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(34.852) |
108.418 |
(103.266) |
|
|
Employee benefit expense |
1463.717 |
1503.375 |
1227.842 |
|
|
CSR expenditure |
2.300 |
0.000 |
0.000 |
|
|
Other expenses |
1562.067 |
1582.897 |
1559.411 |
|
|
TOTAL |
6770.131 |
6882.160 |
6961.915 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
1422.627 |
1424.683 |
1337.697 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
619.943 |
689.837 |
776.392 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
802.684 |
734.846 |
561.305 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
385.125 |
407.977 |
422.550 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
417.559 |
326.869 |
138.755 |
|
|
|
|
|
|
|
Less |
TAX |
48.570 |
52.840 |
(4.818) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
368.989 |
274.029 |
143.573 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
5437.886 |
4471.323 |
|
|
TOTAL IMPORTS |
0.000 |
5437.886 |
4471.323 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
15.69 |
11.65 |
6.11 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
555.289 |
555.289 |
479.946 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1898.634 |
1366.175 |
1241.251 |
|
Net cash flow from operating activity |
1831.117 |
1343.052 |
1273.949 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
30.03 |
29.57 |
30.53 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
12.16 |
12.34 |
11.95 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
23.75 |
24.64 |
28.30 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.61 |
0.55 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.40 |
0.37 |
0.33 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.87 |
0.92 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.93 |
6.42 |
9.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.47 |
3.88 |
5.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.64 |
3.83 |
5.69 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.29 |
2.07 |
1.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
4.51 |
3.31 |
1.73 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.89 |
3.31 |
1.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
27.07 |
27.57 |
19.94 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.15 |
1.14 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.46 |
0.47 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.12 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
22.75 |
27.14 |
28.98 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.15 |
1.14 |
1.14 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
235.177 |
235.177 |
235.177 |
|
Reserves & Surplus |
484.771 |
758.800 |
1127.789 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
719.948 |
993.977 |
1362.966 |
|
|
|
|
|
|
Long-term borrowings |
3761.229 |
3192.940 |
2602.895 |
|
Short term borrowings |
2575.136 |
2633.352 |
2192.190 |
|
Current maturities of
long-term debts |
479.946 |
555.289 |
555.289 |
|
Total
borrowings |
6816.311 |
6381.581 |
5350.374 |
|
Debt/Equity
ratio |
9.468 |
6.420 |
3.926 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
8281.417 |
8284.942 |
8174.900 |
|
|
|
0.043 |
(1.328) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
8281.417 |
8284.942 |
8174.900 |
|
Profit/ (Loss) |
143.573 |
274.029 |
368.989 |
|
|
1.73
% |
3.31
% |
4.51
% |
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 |
No |
|
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 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 |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
3.023 |
0.594 |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
2187.266 |
2628.352 |
|
Total |
2190.289 |
2628.946 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C10186708 |
10507544 |
DENA BANK |
30/04/2014 |
- |
- |
73500000.0 |
Navlakha Branch, Navlakha,Choraha, Agra Bombay Road, INDORE MADHYA PRADESH 452001 INDIA |
|
2 |
C38247748 |
10406133 |
SBICAP TRUSTEE COMPANY LIMITED |
04/02/2013 |
26/11/2014 |
- |
8483000000.0 |
202, Maker Tower- E uffe parade, Mumbai MAHARRASHTRA 400005 INDIA |
|
3 |
A44544187 |
10119587 |
State Bank of Indore |
28/08/2008 |
- |
- |
150000000.0 |
IFB BranchKhel Prashal Indore MADHYA PRADESH 452003 INDIA |
|
4 |
B36867109 |
10020402 |
State Bank of India |
26/08/2006 |
16/03/2012 |
- |
550000000.0 |
Industrial Finance Branch The Arcade, World Trade Centre, Cuffe Parade, Mumbai MAHARASHTRA 400005 INDIA |
|
5 |
B36867364 |
80028462 |
State Bank of India |
01/12/2005 |
16/03/2012 |
- |
941000000.0 |
Industrial Finance BranchThe Arcade, World Trade Centre, Cuffe Parade, Mumbai MAHARASHTRA 400005 INDIA |
|
6 |
B36866978 |
80025713 |
State Bank of India |
11/09/2004 |
16/03/2012 |
- |
100000000.0 |
Industrial Finance BranchThe Arcade, World Trade Centre, Cuffe Parade, Mumbai MAHARASHTRA 400005 INDIA |
|
7 |
B96371471 |
80008757 |
State Bank of India |
16/12/1999 |
29/01/2014 |
- |
120000000.0 |
Industrial Finance BranchThe Arcade, World Trade Centre, Cuffe Parade, Mumbai MAHARASHTRA 400005 INDIA |
|
8 |
A60088507 |
80036623 |
State Bank of Indore |
12/01/1998 |
26/03/2009 |
- |
207000000.0 |
IFB BranchKhel Prashal Indore MADHYA PRADESH 452003 INDIA |
|
9 |
C06587950 |
10022696 |
State Bank of Patiala |
11/09/2006 |
16/03/2012 |
14/06/2014 |
250000000.0 |
Mid Corporate BranchLower Ground Floor, Orbit Mall, A.B. Road, Indore MADHYA PRADESH 452010 INDIA |
|
10 |
C06593230 |
80036620 |
State Bank of Patiala |
19/02/2003 |
16/03/2012 |
14/06/2014 |
114500000.0 |
Mid Corporate BranchLower Ground Floor, Orbit Mall, A.B. Road, Indore MADHYA PRADESH 452010 INDIA |
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office equipment
Intangible Assets
· Computer Software
WEBSITE DETAILS
NEWS/ PRESS RELEASES
PRATIBHA SYNTEX BAGS
GOLD TROPHY FOR APPAREL EXPORTS
27.12.2017
Shreyaskar Chaudhary (centre) receiving Gold Trophy from textiles minister Smriti Irani (left) and minister of state for textiles Ajay Tamta (right); Courtesy: Pratibha Syntex
Pratibha Syntex Limited, a vertically integrated, sustainability oriented manufacturer of knitted textile products, has bagged Apparel Export Promotion Council’s (AEPC’s) Gold Trophy for Highest Global Exports 16-17 in the category of apparel exports above INR 1000.000 Million and upto INR 4000.000 Million, and an Award (shield) for Environmental Sustainability.
Pratibha Syntex Limited, a vertically integrated, sustainability oriented manufacturer of knitted textile products, has bagged Apparel Export Promotion Council’s (AEPC’s) Gold Trophy for Highest Global Exports 16-17 in the category of apparel exports above INR 1000.000 Million and upto INR 4000.000 Million, and an Award (shield) for Environmental Sustainability.
Shreyaskar Chaudhary, managing director of Pratibha Syntex, received the awards from Union textiles minister Smriti Irani and minister of state for textiles Ajay Tamta, at an event in New Delhi recently.
The recognitions underline Pratibha’s unwavering commitment to deliver and unrelenting endeavour towards environmental sustainability, said Chaudhary.
Pratibha earned the Gold Trophy for Highest Global Exports owing to implementation of three key initiatives—building capacities, introducing new materials and developing ritzy design capability. With implementation of key initiatives, it was strategic decision to remain competitive in pricing, Chaudhary said and added that seamless farm to fashion integration has given an edge to the company.
For quick production, Pratibha has incorporated state-of-the-art technologies in its processes. It has also set up dedicated sampling line throughout the value chain to bring down the lead time. In a bid to deliver the demand for sustainable fashion, Pratibha has been introducing sustainable fibre and fabrics in its range. “The European design support brings innovative, sustainable and chic designs,” said Chaudhary.
“Sustainability is at the core of Pratibha’s strategy. Award for Environmental Sustainability underscores our efforts towards environment conservation. We have been implementing sustainability right from farm to factory. Associated with 33,000 farmers of around 450 villages, Pratibha is imparting training to farmers about organic and sustainable farming techniques, which entail less water and energy. Encouraged by Pratibha’s effort today these farmers are cultivating organic, BCI and Fairtrade cotton in their farm lands,” he added.
At factory level too, Pratibha has been undertaking many initiatives to save energy and conserve water. (RKS)
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 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 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.74 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHL |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
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.