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|
MIRA INFORM REPORT
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Report No. : |
488053 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
TEXPORT INDUSTRIES PRIVATE LIMITED |
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Formerly Known
As : |
TEXPORT GARMENTS PRIVATE LIMITED |
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Registered
Office : |
506 and 507, CTS-42, 455 (PT), 429 Hubtown Solaris Saiwadi, NS Phadke
Road, Near Gokhale Bridge, Andheri (East), Mumbai – 400069, Maharashtra |
|
Tel. No.: |
91-22-30882000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
13.12.1979 |
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Com. Reg. No.: |
11-021996 |
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Capital
Investment / Paid-up Capital : |
INR 13.103 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U18101MH1979PTC021996 |
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IEC No.: |
0388019247 |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACT5016A |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject manufactures and exports readymade garments such as shirts, t-shirts, skirts, dresses, jackets, and blazers for men, women and children. (Registered Activity) |
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No. of Employees
: |
Information declined by the management
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RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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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 1979. It is a manufacturer and exporter of readymade garments.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 24.01.2018
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 DECLINED
Management non-cooperative (Tel No.: 91-22-30882000)
LOCATIONS
|
Registered Office : |
506 and 507, CTS-42, 455 (PT), 429 Hubtown Solaris Saiwadi, NS Phadke
Road, Near Gokhale Bridge, Andheri (East), Mumbai – 400069, Maharashtra,
India |
|
Tel. No.: |
91-22-30882000 |
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Fax No.: |
91-22-30882005 |
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E-Mail : |
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Website : |
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Factory : |
56-63, Karibanhalli - 560058, Bangalore, Karnataka, India |
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Corporate Office : |
88, 15th Street, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-30882000 |
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Fax No.: |
91-22-30882005 |
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Branch Office 1 : |
154, 3rd Cross, 5th Main, Yeshwanthpur Industrial Sub., Bangalore - 560022,
Karnataka, India |
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Tel. No.: |
91-80-39284500 |
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Fax No.: |
91-80-39284095 |
|
|
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Branch Office 2 : |
11, Sowdambika Nagar, Poolvapatti Post, P N Road, Tirupur – 641602,
Tamilnadu, India |
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Tel. No.: |
91-421-2481640 |
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Fax No.: |
91-421-2471436 |
|
|
|
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Branch Office 3 : |
31, Karangalpatti, Street No. 4, Gugai, Salem – 636006, Tamilnadu,
India |
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Tel. No.: |
91-427-2464548 |
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Fax No.: |
91-427-2467053 |
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|
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Overseas Office : |
New York, USA 14th Floor, 264 West, |
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Tel. No.: |
+1 212 869 8001 |
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Fax No.: |
+1 212 869 5965 |
|
Note: The
company operates from over 17 manufacturing factories spared across
Bangalore, Tirupur, Thiruvananthapuram, Mumbai and Hindupur. |
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Neeraj Sajjan Goenka |
|
Designation : |
Director |
|
Address : |
4th Shivkunj, 11th Road, J.V.P.D. Scheme, Juhu, Vile Parle (West),
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
24.06.1972 |
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Date of Appointment : |
01.12.2009 |
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PAN No.: |
AABPG5556E |
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DIN No.: |
00745541 |
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|
|
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Name : |
Mr. Suresh Deviprasad Goenka |
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Designation : |
Director |
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Address : |
Shivkunj, 11th Road, J.V.P.D. Scheme, Juhu, Vile Parle (West),
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
06.06.1953 |
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Date of Appointment : |
02.04.1990 |
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PAN No.: |
AACPG6938M |
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DIN No.: |
01181788 |
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|
|
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Name : |
Mr. Shailesh Sureshkumar Goenka |
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Designation : |
Director |
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Address : |
Shivkunj, Road No.11, J.V.P.D. Scheme, Juhu, Vile Parle (West), Mumbai
– 400049, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1979 |
|
Date of Appointment : |
18.02.2003 |
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PAN No.: |
AAKPG0219P |
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DIN No.: |
01230273 |
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|
|
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Name : |
Mr. Sajjankumar Debiprasad Goenka |
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Designation : |
Director |
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Address : |
4th Shivkunj, North-South Road No.11, J.V.P.D. Scheme,
Juhu, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Appointment : |
14.10.2005 |
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PAN No.: |
AACPG6942R |
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DIN No.: |
01230354 |
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|
|
|
Name : |
Mr. Arun Kumar Sajjankumar Goenka |
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Designation : |
Director |
|
Address : |
4th Shivkunj, 11th Road, J.V.P.D. Scheme, Juhu,
Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1967 |
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Date of Appointment : |
06.03.1996 |
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PAN No.: |
AACPG7893B |
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DIN No.: |
01230401 |
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|
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Name : |
Mr. Narendra Kumar Deviprasad Goenka |
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Designation : |
Director |
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Address : |
Shivkunj, Road No.11, J.V.P.D. Scheme, Juhu, Vile Parle (West), Mumbai
– 400049, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1957 |
|
Date of Appointment : |
25.07.1981 |
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PAN No.: |
AACPG6952H |
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DIN No.: |
01234889 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Narendra Deviprasad Goenka |
|
10528 |
|
Chandrakala Sajjan Goenka |
|
10648 |
|
Saritadevi Narendra Goenka |
|
11944 |
|
Sashidevi Suresh Goenka |
|
12056 |
|
Radhadevi Chandiprasad Goenka |
|
3400 |
|
Suresh Deviprasad Goenka |
|
10800 |
|
Sajjan Kumar Goenka Huf |
|
1200 |
|
Arun Sajjan Goenka |
|
11540 |
|
Sakshi Narendra Goenka |
|
1084 |
|
Shailesh Suresh Goenka |
|
11284 |
|
Neeti Suresh Goenka |
|
1304 |
|
Vinita Arun Goenka |
|
11944 |
|
Nupur Narendra Goenka |
|
284 |
|
Sajjan Chandiprasad Goenka |
|
608 |
|
Neeraj Sajjan Goenka |
|
8000 |
|
Suresh Goenka Huf |
|
4 |
|
Nishita Shailesh Goenka |
|
12000 |
|
Sushma Neeraj Goenka |
|
12400 |
|
|
|
|
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Total |
|
131028 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject manufactures and exports readymade garments such as shirts, t-shirts, skirts, dresses, jackets, and blazers for men, women and children. (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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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 : |
Information declined by the management
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
B. Choraria and Mates Chartered Accountants |
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Address : |
594, 16th Cross, 35th Main J P Nagar 6th Phase Bangalore – 560078, Karnataka, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAJPC4940N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary
companies : |
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Associate : |
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Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
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CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
INR 100/- each |
INR 15.000 Million |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
131028 |
Equity Shares |
INR 100/- each |
INR 13.103
Million |
|
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|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET – (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13.103 |
13.103 |
3.276 |
|
(b) Reserves and Surplus |
1927.958 |
1775.855 |
1572.770 |
|
(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) |
1941.061 |
1788.958 |
1576.046 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
316.056 |
395.470 |
284.001 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
5.486 |
|
(c) Other long-term
liabilities |
17.680 |
17.680 |
11.700 |
|
(d) long-term
provisions |
35.767 |
47.407 |
43.211 |
|
Total Non-current
Liabilities (3) |
369.503 |
460.557 |
344.398 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1850.193 |
1195.760 |
1043.131 |
|
(b) Trade
payables |
396.004 |
271.221 |
274.600 |
|
(c) Other
current liabilities |
353.724 |
288.555 |
371.587 |
|
(d) Short-term
provisions |
226.220 |
376.633 |
264.279 |
|
Total Current
Liabilities (4) |
2826.141 |
2132.169 |
1953.597 |
|
|
|
|
|
|
TOTAL |
5136.705 |
4381.684 |
3874.041 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
1111.641 |
1124.019 |
790.254 |
|
(ii)
Intangible Assets |
4.281 |
2.918 |
1.426 |
|
(iii) Tangible assets
capital work-in-progress |
174.702 |
0.000 |
188.810 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
51.403 |
10.997 |
10.997 |
|
(c) Deferred tax assets (net) |
4.754 |
2.155 |
0.000 |
|
(d)
Long-term loans and advances |
162.847 |
133.604 |
125.392 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1509.628 |
1273.693 |
1116.879 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
472.864 |
610.980 |
501.581 |
|
(b)
Inventories |
970.326 |
602.442 |
627.267 |
|
(c) Trade
receivables |
1518.932 |
1009.771 |
813.527 |
|
(d) Cash and
bank balances |
101.554 |
185.813 |
180.724 |
|
(e)
Short-term loans and advances |
268.699 |
273.143 |
628.644 |
|
(f) Other
current assets |
294.702 |
425.842 |
5.419 |
|
Total
Current Assets |
3627.077 |
3107.991 |
2757.162 |
|
|
|
|
|
|
TOTAL |
5136.705 |
4381.684 |
3874.041 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
6018.121 |
5900.736 |
5901.389 |
|
|
Other Income |
117.251 |
76.762 |
92.398 |
|
|
TOTAL |
6135.372 |
5977.498 |
5993.787 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2812.930 |
2707.157 |
2767.584 |
|
|
Purchases of
Stock-in-Trade |
62.088 |
60.763 |
54.069 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(242.700) |
(7.948) |
96.008 |
|
|
Employee benefit expense |
1771.791 |
1648.153 |
1390.966 |
|
|
CSR expenditure |
4.200 |
6.850 |
7.455 |
|
|
Other expenses |
1215.023 |
1023.899 |
1083.749 |
|
|
TOTAL |
5623.332 |
5438.874 |
5399.831 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
512.040 |
538.624 |
593.956 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
153.769 |
74.039 |
154.906 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
358.271 |
464.585 |
439.050 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
155.624 |
158.804 |
148.886 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
202.647 |
305.781 |
290.164 |
|
|
|
|
|
|
|
Less |
TAX |
50.544 |
92.081 |
72.116 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
152.103 |
213.700 |
218.048 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
2856.146 |
3564.277 |
3859.577 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1161.00 |
1631.00 |
6657.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
41.269 |
21.307 |
29.493 |
|
Net cash flows from (used in) operations |
393.855 |
420.235 |
664.346 |
|
Net cash flows from (used in) operating activities |
256.981 |
306.762 |
499.909 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
92.12 |
62.46 |
50.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.96 |
5.84 |
7.25 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
50.27 |
35.77 |
35.52 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.53 |
0.89 |
0.95 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.40 |
0.48 |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.62 |
0.58 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.14 |
0.90 |
0.86 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.46 |
1.19 |
1.24 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.66 |
0.63 |
0.62 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.33 |
7.27 |
3.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.53 |
3.62 |
3.69 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.96 |
4.88 |
5.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.84 |
11.95 |
13.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.28 |
1.46 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.94 |
1.18 |
1.09 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.41 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
168.47 |
123.07 |
414.11 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.28 |
1.46 |
1.41 |
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 |
3.276 |
13.103 |
13.103 |
|
Reserves & Surplus |
1572.770 |
1775.855 |
1927.958 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1576.046 |
1788.958 |
1941.061 |
|
|
|
|
|
|
Long-term borrowings |
284.001 |
395.470 |
316.056 |
|
Short term borrowings |
1043.131 |
1195.760 |
1850.193 |
|
Current maturities of
long-term debts |
29.493 |
21.307 |
41.269 |
|
Total
borrowings |
1356.625 |
1612.537 |
2207.518 |
|
Debt/Equity
ratio |
0.861 |
0.901 |
1.137 |
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 |
5901.389 |
5900.736 |
6018.121 |
|
|
|
(0.011) |
1.989 |
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 |
5901.389 |
5900.736 |
6018.121 |
|
Profit/ (Loss) |
218.048 |
213.700 |
152.103 |
|
|
3.69% |
3.62% |
2.53% |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
13.103 |
13.103 |
|
(b) Reserves and Surplus |
|
1935.547 |
1783.506 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
8.856 |
8.887 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1948.650 |
1796.609 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
472.773 |
395.470 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
17.680 |
17.680 |
|
(d) long-term
provisions |
|
35.767 |
47.407 |
|
Total Non-current
Liabilities (3) |
|
526.220 |
460.557 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1693.475 |
1195.760 |
|
(b) Trade
payables |
|
396.016 |
271.142 |
|
(c) Other
current liabilities |
|
353.738 |
288.570 |
|
(d) Short-term
provisions |
|
226.220 |
377.195 |
|
Total Current Liabilities
(4) |
|
2669.449 |
2132.667 |
|
|
|
|
|
|
TOTAL |
|
5153.175 |
4398.720 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1116.674 |
1129.053 |
|
(ii) Intangible
Assets |
|
10.330 |
8.967 |
|
(iii) Tangible assets
capital work-in-progress |
|
175.328 |
0.626 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
40.407 |
0.000 |
|
(c) Deferred tax assets (net) |
|
4.754 |
2.155 |
|
(d)
Long-term loans and advances |
|
158.441 |
129.198 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1505.934 |
1269.999 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
490.420 |
628.536 |
|
(b)
Inventories |
|
970.325 |
602.442 |
|
(c) Trade
receivables |
|
1518.932 |
1010.221 |
|
(d) Cash and
bank balances |
|
102.849 |
186.962 |
|
(e)
Short-term loans and advances |
|
554.781 |
689.434 |
|
(f) Other
current assets |
|
9.934 |
11.126 |
|
Total
Current Assets |
|
3647.241 |
3128.721 |
|
|
|
|
|
|
TOTAL |
|
5153.175 |
4398.720 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
6018.121 |
5900.736 |
|
|
Other Income |
|
117.363 |
78.913 |
|
|
TOTAL |
|
6135.484 |
5979.649 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2812.930 |
2707.157 |
|
|
Purchases of
Stock-in-Trade |
|
62.088 |
60.763 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(242.700) |
(7.948) |
|
|
Employee benefit expense |
|
1771.791 |
1648.154 |
|
|
CSR expenditure |
|
4.200 |
6.850 |
|
|
Other expenses |
|
1215.228 |
1024.154 |
|
|
TOTAL |
|
5623.537 |
5439.130 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
511.947 |
540.519 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
153.770 |
74.041 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
358.177 |
466.478 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
155.624 |
158.804 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
202.553 |
307.674 |
|
|
|
|
|
|
|
Less |
TAX |
|
50.512 |
92.925 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
152.041 |
214.749 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
1160.00 |
1639.00 |
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 |
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 |
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 |
NOTE: Registered office of the company has been
shifted from “Plot No.88, Road No.15, MIDC, Andheri (East), Mumbai,
Maharashtra, India ”to the present address
w.e.f.24.03.2014
CORPORATE INFORMATION
The company was set up in 1979 by Mr. Narendra Goenka, who along with his brothers, Mr. Sajjan Goenka and Mr. Suresh Goenka, is involved in managing the company. Subject manufactures and exports readymade garments such as shirts, t-shirts, skirts, dresses, jackets, and blazers for men, women and children. The company has two divisions: woven and knit garments; around 70 per cent of the company’s revenues come from the woven division and the rest from knits. Texport exports its products to the US, Canada, Australia, the UK and Continental Europe
OPERATIONS:
During the period of its operations, the company has achieved a total revenue of INR 6135.372 million and Profit before Taxation is INR 202.646 million. after deducting tax Expenses amounting INR 50.544 million the resulting net profit of the after tax amounting INR 152.103 million is carried over to the surplus account.
UNSECURED LOAN
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from others |
66.501 |
56.249 |
|
Loans and advances from directors |
76.733 |
79.247 |
|
Intercorporate borrowings |
0.000 |
80.523 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from others |
22.167 |
18.750 |
|
Loans and advances from directors |
25.578 |
26.415 |
|
Intercorporate borrowings |
0.000 |
26.841 |
|
|
|
|
|
Total |
190.979 |
288.025 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G72291784 |
100143429 |
Canara Bank |
05/12/2017 |
- |
- |
100000000.0 |
PRIME CORPORATE BRANCH, SHANKARANARAYANA BUILDING NO.25, M G ROAD BANGALORE-560001 KARNATAKA, INDIA |
|
2 |
G48516074 |
100066633 |
Canara Bank |
18/11/2016 |
06/07/2017 |
- |
2028000000.0 |
PRIME CORPORATE BRANCH, SHANKARANARAYANA BUILDING NO.25, M G ROAD BANGALORE-560001 KARNATAKA, INDIA |
|
3 |
G32855348 |
100070869 |
HDFC BANK LIMITED |
07/11/2016 |
- |
- |
30000000.0 |
4TH FLOOR, MUNICIPAL NO. 8/24,RICHMOND ROADCORPORATION DIVISION NO. 61 BANGALORE-560025 KARNATAKA, INDIA |
|
4 |
C48376909 |
10558148 |
EXPORT IMPORT BANK OF INDIA |
24/03/2015 |
- |
- |
150000000.0 |
CENTRE ONE BUILDING , FLOOR 21,WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,MUMBAI-400005 MAHARASTRA |
|
5 |
C53708681 |
10569548 |
INDUSIND BANK LTD. |
30/10/2014 |
- |
- |
39875000.0 |
5TH FLOOR, CENTENARY BUILDING#28, M.G. ROAD BANGALORE-560001 KARNATAKA, INDIA |
|
6 |
B66001827 |
10308421 |
Export-Import Bank of India |
31/08/2011 |
20/11/2012 |
- |
100000000.0 |
21 FLOOR, CENTRE ONE BUILDINGWORLD TRADE CENTRE COMPLEX, CUFFE PARADE MUMBAI-400005 MAHARASHTRA, INDIA |
|
7 |
A43618404 |
10117693 |
Export-Import Bank of India |
18/08/2008 |
- |
- |
112500000.0 |
21 FLOOR, CENTRE ONE BUILDING,WORLD TRADE CENTRE COMPLEX, CUFFE PARADE MUMBAI-400005 MAHARASHTRA, INDIA |
|
8 |
A15600778 |
10053028 |
Canara Bank |
22/05/2007 |
- |
- |
10000000.0 |
FORT MARKET BRANCH, PADHYAN HOUSE309 FRERE ROAD, FORT MARKET.MUMBAI-400038 MAHARASHTRA, INDIA |
|
9 |
A15795735 |
10052887 |
CORPORATION BANK |
30/04/2007 |
- |
- |
185500000.0 |
INDUSTRIAL FINANCE BRANCH, INDIAN EXPRESS BLDG.NO.1, QUEEN'S ROAD BANGALORE-560001 KARNATAKA, INDIA |
|
10 |
A15278757 |
10051932 |
Canara Bank |
30/04/2007 |
- |
- |
23000000.0 |
FORT MARKET BRANCH, PADHYAN HOUSE309 FRERE ROAD, FORT MARKET.MUMBAI-400038 MAHARASHTRA, INDIA |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.77 |
|
|
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
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.