|
|
|
MIRA INFORM REPORT
|
Report No. : |
491276 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
JEANS KNIT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
21, E1, 2nd Phase, Industrial Area, Peenya, Bangalore – 560058,
Karnataka |
|
Tel. No.: |
91-80-42865000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
20.09.2004 |
|
|
|
|
Com. Reg. No.: |
08-034722 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101KA2004PTC034722 |
|
|
|
|
IEC No.: |
3904002601 |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ4513B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer namely stitching, knitting, dyeing and washing of readymade garments. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied 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 |
|
Maximum Credit Limit : |
USD 11000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2004 having
excellent track records. Management of the company has not filed its financials with the
government department for the year 2017. As per the available financial of 2016, the company has witnessed a
growth in its revenue and has achieved fair profit margin at 2.97%
(approximately). The company possesses sound financial profile marked by strong
networth base along with low debt level and favorable gap between trade
payables to its trade receivables. The rating also takes into consideration decent earning per share of
the company i.e., (earning per share of INR 13,769 against Face Value of INR
10). Fundamentals of the company are healthy. Trade relations are reported as fair. Business is active. Payments
terms are seems to be regular and as per commitments. The company can be considered normal 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
|
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 |
CRISIL |
|
Rating |
Long Term Rating= A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
06.12.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
06.12.2017 |
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 16.02.2018
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. Gandhi Naidu |
|
Designation : |
General Manager |
|
Contact No.: |
91-80-42865700 |
|
Date : |
13.02.2018 |
LOCATIONS
|
Registered Office/ Factory : |
21, E1, 2nd Phase, Industrial Area, Peenya, Bangalore –
560058, Karnataka, India |
|
Tel. No.: |
91-80-28397511 / 42865000 / 42865100 / 42865200 / 42865700 |
|
Fax No.: |
91-80-28398320 / 28371237 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
No 485/2, 13th Cross, 4th Phase, Peenya Industrial Area, Bangalore – 560058, Karnataka, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Laxmi Narayan Gaur |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Flat No 704, BLKB, 7th Floor, Renaissance Bells, Oppiskon Temple West
Chord Road, Toyota Show Room, Bangalore - 560022, Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
21.10.1956 |
||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||||||
|
DIN No.: |
00167068 |
||||||||||||||||
|
PAN No.: |
ABGPG5519F |
||||||||||||||||
|
Other
directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Anupam Kothari |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
21E, II Phase, Peenya Industrial Area, Bangalore - 560058, Karnataka,
India |
||||||||||||||||
|
Date of Birth/Age : |
22.06.1967 |
||||||||||||||||
|
Date of Appointment : |
20.09.2004 |
||||||||||||||||
|
DIN No.: |
01696556 |
||||||||||||||||
|
PAN No.: |
AEHPK9834K |
||||||||||||||||
|
Other
directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Jacqueline Antonette Thomas |
||||||||||||||||
|
Designation : |
Alternate director |
||||||||||||||||
|
Address : |
424, 8th D Main, 4th Cross HRBR Layout,
Banasawadi Extension, Bangalore – 560043, Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
28.04.1973 |
||||||||||||||||
|
Date of Appointment : |
05.10.2017 |
||||||||||||||||
|
PAN No. : |
ACTPT7231P |
||||||||||||||||
|
DIN No.: |
00926874 |
||||||||||||||||
|
Other
directorship:
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Gandhi Naidu |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Anupam Suryakant Kothari |
|
10000 |
|
Jacqueline Antonette Thomas |
|
1 |
|
Total |
|
10001 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer namely stitching, knitting, dyeing and washing of readymade garments. [Registered Activity] |
||||
|
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|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
DBS Bank Limited, Salarpuria Windsor No.3,
Ulsoor Road, Bengaluru – 560042, Karnataka, India ·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
A S A and Associates LLP Chartered Accountants |
|
Address : |
Level -2, Park Square, No.150, 36th Cross, Jayangar 7th Block, Bengaluru – 560082, Karnataka, India |
|
PAN No.: |
AAAFA4690A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
· Tintoria Astico S.R.L, Italy · Fibres and Fabrics Private Limited, India [U51109WB1951PTC020058] ·
FFI Global SRL, Italy |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10001 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
3889.808 |
3752.102 |
3662.269 |
|
(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) |
3889.908 |
3752.202 |
3662.369 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3.817 |
10.891 |
11.132 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
3.526 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
92.969 |
84.151 |
65.365 |
|
Total Non-current
Liabilities (3) |
96.786 |
95.042 |
80.023 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1499.874 |
1120.879 |
1076.602 |
|
(b) Trade
payables |
603.818 |
489.096 |
236.040 |
|
(c) Other
current liabilities |
317.004 |
304.450 |
222.961 |
|
(d) Short-term
provisions |
7.323 |
5.713 |
74.837 |
|
Total Current
Liabilities (4) |
2428.019 |
1920.138 |
1610.440 |
|
|
|
|
|
|
TOTAL |
6414.713 |
5767.382 |
5352.832 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1402.422 |
1256.182 |
1413.068 |
|
(ii)
Intangible Assets |
326.426 |
375.007 |
130.630 |
|
(iii)
Capital work-in-progress |
32.313 |
20.680 |
14.262 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
390.921 |
390.921 |
212.511 |
|
(c) Deferred tax assets (net) |
32.459 |
29.574 |
0.000 |
|
(d)
Long-term Loan and Advances |
430.737 |
435.217 |
629.440 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2615.278 |
2507.581 |
2399.911 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1836.972 |
1961.372 |
1201.244 |
|
(c) Trade
receivables |
1602.684 |
1133.199 |
1555.684 |
|
(d) Cash
and cash equivalents |
1.607 |
36.878 |
34.240 |
|
(e)
Short-term loans and advances |
276.709 |
94.165 |
113.086 |
|
(f) Other
current assets |
81.463 |
34.187 |
48.667 |
|
Total
Current Assets |
3799.435 |
3259.801 |
2952.921 |
|
|
|
|
|
|
TOTAL |
6414.713 |
5767.382 |
5352.832 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4633.471 |
3653.024 |
4156.817 |
|
|
Other Income |
466.242 |
171.077 |
321.149 |
|
|
TOTAL |
5099.713 |
3824.101 |
4477.966 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2123.287 |
1895.076 |
1807.345 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
68.847 |
(643.384) |
41.374 |
|
|
Employee benefit expense |
1501.924 |
1405.299 |
1185.246 |
|
|
Other expenses |
912.789 |
795.427 |
714.839 |
|
|
Prior period items |
(12.962) |
0.876 |
1.977 |
|
|
TOTAL |
4593.885 |
3453.294 |
3750.781 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
505.828 |
370.807 |
727.185 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
52.052 |
41.495 |
42.227 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
453.776 |
329.312 |
684.958 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
252.037 |
258.390 |
314.838 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
201.739 |
70.922 |
370.120 |
|
|
|
|
|
|
|
Less |
TAX |
64.032 |
(18.910) |
66.674 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
137.707 |
89.832 |
303.446 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
2106.901 |
1939.028 |
|
|
Components and spare
parts |
0.000 |
23.709 |
34.696 |
|
|
Capital Goods |
0.000 |
30.083 |
177.683 |
|
|
TOTAL IMPORTS |
0.000 |
2160.693 |
2151.407 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13769.00 |
8982.00 |
30342.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
29.530 |
548.314 |
404.846 |
|
Net cash flows from (used in) operating activities |
(14.070) |
510.614 |
336.246 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
126.25 |
113.23 |
136.60 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.89 |
3.22 |
2.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
103.80 |
94.20 |
47.67 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.28 |
0.19 |
0.61 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.29 |
0.22 |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.38 |
0.33 |
0.30 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.39 |
0.30 |
0.30 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.62 |
0.51 |
0.44 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.45 |
0.44 |
0.43 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.72 |
8.94 |
17.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.97 |
2.46 |
7.30 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.15 |
1.56 |
5.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.54 |
2.39 |
8.29 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.56 |
1.70 |
1.83 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.81 |
0.68 |
1.09 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.61 |
0.65 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
15036.91 |
11317.70 |
10877.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.56 |
1.70 |
1.83 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
3662.269 |
3752.102 |
3889.808 |
|
Net
worth |
3662.369 |
3752.202 |
3889.908 |
|
|
|
|
|
|
Long-term borrowings |
11.132 |
10.891 |
3.817 |
|
Short term borrowings |
1076.602 |
1120.879 |
1499.874 |
|
Total
borrowings |
1087.734 |
1131.770 |
1503.691 |
|
Debt/Equity
ratio |
0.297 |
0.302 |
0.387 |
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 |
4156.817 |
3653.024 |
4633.471 |
|
|
|
(12.120) |
26.839 |
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 |
4156.817 |
3653.024 |
4633.471 |
|
Profit/ (Loss) |
303.446 |
89.832 |
137.707 |
|
|
7.30
% |
2.46
% |
2.97
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
(1)Shareholders' Funds |
|
|
(a) Share Capital |
0.100 |
|
(b) Reserves &
Surplus |
3712.432 |
|
(c) Money received
against share warrants |
152.490 |
|
|
|
|
(2) Share Application
money pending allotment |
-19.006 |
|
Total Shareholders’ Funds
(1) + (2) |
3846.016 |
|
|
|
|
(3) Non-Current
Liabilities |
|
|
(a) long-term borrowings |
86.017 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
|
(c) Other long term
liabilities |
995.532 |
|
(d) long-term provisions |
92.969 |
|
Total Non-current
Liabilities (3) |
1174.518 |
|
|
|
|
(4) Current Liabilities |
|
|
(a) Short term borrowings |
1499.874 |
|
(b) Trade payables |
777.107 |
|
(c) Other current
liabilities |
400.375 |
|
(d) Short-term provisions |
95.884 |
|
Total Current Liabilities
(4) |
2773.240 |
|
|
|
|
TOTAL |
7793.774 |
|
|
|
|
II.
ASSETS |
|
|
(1) Non-current assets |
|
|
(a) Fixed Assets |
|
|
(i) Tangible assets |
2071.491 |
|
(ii) Intangible Assets |
414.956 |
|
(iii) Capital
work-in-progress |
32.313 |
|
(iv) Intangible assets
under development |
0.000 |
|
(v) Goodwill on consolidation |
18.331 |
|
(b) Non-current
Investments |
0.743 |
|
(c) Deferred tax assets
(net) |
32.460 |
|
(d) Long-term Loan and Advances |
662.012 |
|
(e) Other Non-current
assets |
379.179 |
|
Total Non-Current Assets |
3611.485 |
|
|
|
|
(2) Current assets |
|
|
(a) Current investments |
0.000 |
|
(b) Inventories |
1901.185 |
|
(c) Trade receivables |
1833.360 |
|
(d) Cash and cash
equivalents |
13.095 |
|
(e) Short-term loans and
advances |
351.808 |
|
(f) Other current assets |
82.841 |
|
Total Current Assets |
4182.289 |
|
|
|
|
TOTAL |
7793.774 |
PROFIT & LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULAR |
31.03.2016 |
|
|
SALES |
|
|
|
Income |
5317.859 |
|
|
Other Income |
569.652 |
|
|
TOTAL |
5887.511 |
|
|
|
|
|
Less |
EXPENSES |
|
|
|
Cost of Materials
Consumed |
2264.891 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
453.431 |
|
|
Employees benefits
expense |
1597.796 |
|
|
Other expenses |
1315.028 |
|
|
Prior period items |
(12.962) |
|
|
TOTAL |
5618.184 |
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
269.327 |
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
63.074 |
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
206.253 |
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
306.632 |
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(100.379) |
|
|
|
|
|
Less |
TAX |
77.112 |
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(177.491) |
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(17747.00) |
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 |
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 |
GENERAL INFORMATION ABOUT
COMPANY
The company is a company incorporated under the Indian Companies Act, 1956 in the year 2004. The company is a 100% export oriented unit involved in the manufacture namely stitching, knitting, dyeing and washing of readymade garments and export of the same to European countries.
REVIEW OF
BUSINESS OPERATIONS AND FUTURE PROSPECTS:
The Directors wish to present the details of Business operations done during the year:
Production/Procurement has been generally good during the previous year. During the financial year 2015-16, Company has achieved total revenue of INR 5099.713 million and the Company has posted a profit before tax of INR 201.739 million in the current year.
They expect a growth in Sales during the current year i.e. FY 2017-18 as compared to the previous year.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
3.817 |
10.891 |
|
|
|
|
|
Total |
3.817 |
10.891
|
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G53059978 |
100121818 |
STOLL FINANCIAL SERVICES GMBH |
13/09/2017 |
- |
- |
155829000.0 |
STOLLWEG 1,D-72760 REUTLINGENNANA |
|
2 |
G54711015 |
100125119 |
STOLL FINANCIAL SERVICES GMBH |
07/09/2017 |
- |
- |
218160600.0 |
STOLLWEG 1,D-72760REUTLINGENNANADE |
|
3 |
G51187532 |
100117685 |
STOLL FINANCIAL SERVICES GMBH |
31/07/2017 |
- |
- |
589202619.0 |
STOLLWEG 1,D-72760 REUTLINGENNANADE |
|
4 |
G43751379 |
100097104 |
YES BANK LIMITED |
17/04/2017 |
- |
- |
250000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. A.B. ROAD, WORLI, MUMBAI MH400018IN |
|
5 |
G21692157 |
100059761 |
DBS BANK LIMITED |
25/10/2016 |
- |
- |
300000000.0 |
SALARPURIA WINDSOR NO.3, ULSOOR ROAD BENGALURU KA560042IN |
|
6 |
G08833626 |
100042759 |
HDFC BANK LIMITED |
25/07/2016 |
- |
- |
400000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
7 |
C50177807 |
10561691 |
INDUSIND BANK LTD. |
14/02/2015 |
- |
- |
500000000.0 |
2401 GEN THIMMAYYA ROAD CONTONMENT PUNE MH411001IN |
|
8 |
C62472477 |
10543740 |
STANDARD CHARTERED BANK |
21/01/2015 |
25/08/2015 |
- |
233000000.0 |
NO. 112, 3RD FLOOR, VAISHNAVI SERENITY, INDUSTRIAL AREA, 5TH BLOCK, KORAMANGALA BANGALORE KA560095IN |
|
9 |
B69643237 |
10340933 |
STANDARD CHARTERED BANK |
14/03/2012 |
22/02/2013 |
- |
350000000.0 |
NO. 112, 'SERENITY', KORAMANGALA INDUSTRIAL AREA5TH BLOCK, KORAMANGALA BANGALORE KA560058IN |
|
10 |
B71017743 |
10220268 |
STANDARD CHARTERED BANK |
17/05/2010 |
13/03/2013 |
- |
1200000000.0 |
NO. 112, 'SERENITY', KORAMANGALA INDUSTRIAL AREA 5TH BLOCK, KORAMANGALA BANGALORE KA560095IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 89.17 |
|
Euro |
1 |
INR 79.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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.