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|
MIRA INFORM REPORT
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Report No. : |
485167 |
|
Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KATMANDU APPAREL PRIVATE LIMITED |
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|
Registered
Office : |
Unit No.14-16, Prabhadevi Industrial Estate, Opposite Siddhivinayak Temple, Veer Savarkar Marg, Prabhadevi, Mumbai – 400025, Maharashtra |
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Tel. No.: |
91-22-61526464/ 66623092/ 66623093 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
17.05.2013 |
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Com. Reg. No.: |
11-243427 |
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Capital
Investment / Paid-up Capital : |
INR 24.832 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U74120MH2013PTC243427 |
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IEC No.: |
Not Divulged |
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GSTIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK23219A |
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PAN No.: [Permanent Account No.] |
AAFCK1846A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
[Registered Activity] Note: Line of business is updated as per latest annual report 2016. |
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No. of Employees
: |
Not Divulged [We tried to confirm the number of employees but no one
is ready to part any information from the company 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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 306000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2013. It is a manufacturer of wearing apparel, except fur apparel and is a merchant exporter of garments, fabrics and accessories.
Note: Information regarding No. of Employee, Import & Export, and Payments Terms are not available from any sources and management also denied to provide the information on the same. |
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 12.01.2018.
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
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-22-61526438/ 66623092)
(Contact No.: 91-22-66623095 Not working)
LOCATIONS
|
Registered Office : |
Unit No.14-16, Prabhadevi Industrial Estate, Opposite Siddhivinayak Temple, Veer Savarkar Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India |
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Tel. No.: |
91-22-61526464/ 66623092/ 66623093 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Warehouse : |
Bangladesh |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Kiran Ramakant Temkar |
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Designation : |
Managing Director |
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Address : |
32, Vinod Villa ,Worli Hill Road, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
05.02.1960 |
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Qualification: |
BSC CHEM, LLM |
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Date of Appointment : |
15.04.2015 |
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PAN No.: |
AACPT0166G |
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DIN No.: |
01986851 |
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Other Directorship:
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Name : |
Mrs. Manisha Kiran Temkar |
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Designation : |
Director |
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Address : |
32, Vinod Villa, Worli Hill Road, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
19.04.1960 |
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Qualification: |
LLB, MAM (BAJAJ) |
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Date of Appointment : |
17.05.2013 |
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PAN No.: |
ABSPT7644J |
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DIN No.: |
01986900 |
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Other Directorship:
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Name : |
Mr. Rishit Kiran Temkar |
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Designation : |
Director |
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Address : |
32, Vinod Villa, Worli Hill Road, Worli, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
07.12.1986 |
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Qualification: |
BSC (Business Management, London School of Economics) |
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Date of Appointment : |
31.12.2016 |
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PAN No.: |
AEZPT9022L |
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DIN No.: |
07054810 |
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Notes:
- Date of appointment and designation of the directors has been updated as per the latest government registry.
- As per our previous database records
Mr. Dharmesh was the Finance Manager of the company, however, he does not appear
in the current government registry records and the same could not be
confirmed with the management as well.
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Manisha Kiran Temkar |
1764390 |
71.05 |
|
Rishit Kiran Temkar |
536300 |
21.60 |
|
Ritika Kiran Temkar |
178300 |
7.18 |
|
Kiran Ramakant Temkar |
4200 |
0.17 |
|
Total |
2483190 |
100.00 |
AS ON 31.12.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
[Registered Activity] Note: Line of business is updated as per latest annual report 2016. |
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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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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged [We tried to confirm the number of employees but no one
is ready to part any information from the company management] |
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Bankers : (As on 2017) |
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Facilities : |
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Auditors : |
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|
Name : |
S. M. Bhingarde and Company Chartered Accountants |
|
Address : |
Shop No.2, Nav Bhavna Premises, 422, S. Veer Savarkar Marg,
Prabhadevi, Mumbai – 400025, Maharashtra, India |
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Tel. No.: |
91-22-24323300 |
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E-Mail : |
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PAN No.: |
AAAPB8838P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives: (As on 31.03.2016) |
|
CAPITAL STRUCTURE
AS ON 31.12.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2483190 |
Equity Shares |
INR 10/- each |
INR 24.832 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
24.832 |
22.872 |
22.872 |
|
(b) Reserves &
Surplus |
82.266 |
110.330 |
32.409 |
|
(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) |
107.098 |
133.202 |
55.281 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
408.289 |
214.226 |
17.428 |
|
(b) Deferred tax liabilities
(Net) |
1.311 |
0.437 |
0.254 |
|
(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) |
409.600 |
214.663 |
17.682 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
46.162 |
6.500 |
0.000 |
|
(b) Trade payables |
445.377 |
614.932 |
172.687 |
|
(c) Other current
liabilities |
45.127 |
12.537 |
0.661 |
|
(d) Short-term provisions |
4.799 |
11.643 |
19.351 |
|
Total Current Liabilities
(4) |
541.465 |
645.612 |
192.699 |
|
|
|
|
|
|
TOTAL |
1058.163 |
993.477 |
265.662 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
80.842 |
19.691 |
14.529 |
|
(ii) Intangible Assets |
7.234 |
2.470 |
0.050 |
|
(iii) Capital
work-in-progress |
260.082 |
227.087 |
22.637 |
|
(iv) Intangible assets
under development |
0.169 |
0.169 |
0.169 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.139 |
|
(d) Long-term Loan and Advances |
28.401 |
5.968 |
1.065 |
|
(e) Other Non-current
assets |
11.958 |
0.000 |
0.000 |
|
Total Non-Current Assets |
388.686 |
255.385 |
38.589 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7.232 |
0.000 |
0.000 |
|
(c) Trade receivables |
552.639 |
652.840 |
207.686 |
|
(d) Cash and cash
equivalents |
80.589 |
81.307 |
17.312 |
|
(e) Short-term loans and
advances |
29.017 |
3.945 |
1.995 |
|
(f) Other current assets |
0.000 |
0.000 |
0.080 |
|
Total Current Assets |
669.477 |
738.092 |
227.073 |
|
|
|
|
|
|
TOTAL |
1058.163 |
993.477 |
265.662 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
3122.133 |
2024.266 |
374.338 |
|
|
Other Income |
0.659 |
0.092 |
0.000 |
|
|
3122.792 |
2024.358 |
374.338 |
|
|
|
TOTAL |
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
20.556 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
2625.813 |
1740.130 |
302.471 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.697) |
0.000 |
0.000 |
|
|
Employees benefits
expense |
96.292 |
63.543 |
2.422 |
|
|
Prior period items |
0.378 |
0.000 |
0.000 |
|
|
Other expenses |
178.999 |
82.129 |
17.270 |
|
|
TOTAL |
2917.341 |
1885.802 |
322.163 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
205.451 |
138.556 |
52.175 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
19.626 |
13.689 |
1.225 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
185.825 |
124.867 |
50.950 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
10.261 |
2.711 |
0.425 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
175.564 |
122.156 |
50.525 |
|
|
|
|
|
|
|
Less |
TAX |
33.493 |
44.235 |
18.116 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
142.071 |
77.921 |
32.409 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3199.543 |
1579.112 |
166.651 |
|
|
TOTAL EARNINGS |
3199.543 |
1579.112 |
166.651 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2768.769 |
1297.885 |
NA |
|
|
TOTAL IMPORTS |
2768.769 |
1297.885 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
57.21 |
6.79 |
2.83 |
|
|
Diluted |
57.21 |
6.79 |
2.83 |
Note:
Profit and Loss for the financial year 2014 which was provided in our earlier report was found to be erroneously enclose due to typo error. However, correct and complete audited figures of Profit and Loss (FY 2014) has been corrected and updated in this report.
Sales Turnover figure mentioned in the earlier report was approximate figure provided by the management, now we are providing audited figure. Net profit figure which was erroneously taken as INR 0.324 million instead of INR 32.409 million which was rectified in this report.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
27.321 |
0.665 |
NA |
|
Net cash flow from (used in) operations |
186.035 |
188.230 |
0.171 |
|
Net cash flows from (used in) operating activities |
144.066 |
135.279 |
0.171 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
64.61 |
117.72 |
202.51 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
5.65 |
3.10 |
1.80 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
61.43 |
128.98 |
208.39 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
28.41 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.59 |
0.56 |
1.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.92 |
0.87 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
4.50 |
1.66 |
0.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
5.06 |
4.85 |
3.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
3.25 |
1.87 |
0.68 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.47 |
10.12 |
42.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
4.55 |
3.85 |
8.66 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.43 |
7.84 |
12.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
132.66 |
58.50 |
58.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.24 |
1.14 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.22 |
1.14 |
1.18 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.10 |
0.13 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
19.40 |
9.68 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
1.24 |
1.14 |
1.18 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
22.872 |
22.872 |
24.832 |
|
Reserves & Surplus |
32.409 |
110.330 |
82.266 |
|
Net
worth |
55.281 |
133.202 |
107.098 |
|
|
|
|
|
|
Long Term borrowings |
17.428 |
214.226 |
408.289 |
|
Short Term borrowings |
0.000 |
6.500 |
46.162 |
|
Total
borrowings |
17.428 |
220.726 |
454.451 |
|
Debt/Equity
ratio |
0.315 |
1.657 |
4.243 |
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
|
374.338 |
2024.266 |
3122.133 |
|
|
|
440.759 |
54.235 |
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
|
374.338 |
2024.266 |
3122.133 |
|
Profit |
32.409 |
77.921 |
142.071 |
|
|
8.66% |
3.85% |
4.55% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 about two years
and ten months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last about two years and
ten months |
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 |
GENERAL INFORMATION
(As on 31.03.2016)
The company operating in Merchant exports of garments, Fabrics and accessories. The Company was incorporated on 17th May 2013 and has its registered office at unit 14-16 Prabhadevi Industrial Estate, Opposite Siddhi Vinayak Temple, Veer Savarkar Marg, Prabhadevi, Mumbai 400025.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS: (As on 31.03.2016)
The Directors are optimistic about company's business and hopeful of better performance with increased revenue in next year. Total revenue for the year ended 31st March, 2016 is amounting to INR 3122.792 Million as against INR 2024.358 Million for the corresponding period last year. The net profit of the Company for the year ended 31stMarch, 2016 is INR 142.071 Million as against INR 77.921 Million for the corresponding period last year.
AMALGAMATION (As on
31.03.2016)
"Pursuant to a Scheme of Amalgamation, approved by the High Court judicature at Bombay vide its order dated 13thOctober, 2016 , Organic Gardens Private Limited ('OGPL') has been merged with Katmandu Apparels Private Limited with effect from April 1, 2015. The appointed date as per the Scheme was April 1, 2015.
The assets and liabilities of the erstwhile OGPL have been taken over at their book values and the difference amounting to INR 47.000 Million have been adjusted in Capital Reserve.
The amalgamation has been accounted for according to the Pooling of interests method under Accounting Standard (AS) 14, "Accounting for Amalgamation" issued by the Institute of Chartered Accountants of India and notified under Section 211(3C) of the Companies Act, 1956.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
135.970 |
0.000 |
|
Loans and advances from others |
71.527 |
0.000 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
5.486 |
6.500 |
|
Total |
212.982 |
6.500 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G57529828 |
100130870 |
HDFC BANK LIMITED |
07/07/2017 |
- |
2142000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
2 |
G33228156 |
100073126 |
HDFC BANK LIMITED |
08/11/2016 |
- |
14548326.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
3 |
G63609895 |
10615623 |
CITI BANK N.A. |
30/10/2015 |
25/05/2017 |
130000000.0 |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH FLOOR, PLOT NO. C-54 AND 55, BKC, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
4 |
C18651679 |
10517261 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
19/08/2014 |
- |
1250000.0 |
52/60 MAHATMA GANDHI FACILITY, P.O. BOX 128, MUMBAI – 400001, MAHARASHTRA, INDIA |
|
5 |
C08910622 |
10506102 |
PNB HOUSING FINANCE LIMITED |
31/01/2014 |
- |
40000000.0 |
9TH FLOORANTRIKSH BHAWAN 22 K G MARG, NEW DELHI – 110001, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
Guarantees |
51.500 |
0.000 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Equipment
·
Furniture and Fixture
·
Vehicles
·
Office Equipment
·
Motor Vehicles
Intangible assets
- Computer Software
- Copyrights
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 63.73 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.13 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
GEET |
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 |
YES |
|
--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.