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MIRA INFORM REPORT
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Report No. : |
488311 |
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Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
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Name : |
VICKY FASHION LIMITED |
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Registered
Office : |
Unit 232, Sanjay Building No.5/B, Mittal Industrial Estate, Andheri Kurla Road, Marol Naka,, Andheri (East), Mumbai – 400059, Maharashtra |
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Tel. No.: |
91-22-28504030/ 40600400 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
06.03.1996 |
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Com. Reg. No.: |
11-097900 |
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Capital
Investment / Paid-up Capital : |
INR 89.650 Million |
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CIN No.: [Company Identification
No.] |
U17100MH1996PLC097900 |
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IEC No.: |
0305025970 |
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GSTIN: |
27AAACV3415B1ZU |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACV3415B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Manufacturing of Readymade Garments and Dealing in Yarn and Fabrics. (Registered Activity) |
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No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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 1996 and it is a Dealer of Yarn
and Fabrics. It also manufacturer of Garments. As per financials of March 2017, the company has registered a growth of
66.11% in its revenue as compared to its previous year’s revenue and has
reported minimal profit margin of 0.29%. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base along with strong debt
coverage indicators and decent liquidity position. Rating also takes into account the extensive experience of its
promoters in the textile business. However, rating strength is partially offset by intensive competitive
and fragmented industry structure. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions.
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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.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
ICRA |
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Rating |
Long Term Rating B (Issuer Non – Cooperative) |
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Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
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Date |
15.11.2017 |
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Rating Agency Name |
ICRA |
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Rating |
Short Term Rating A4 (Issuer Non – Cooperative) |
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Rating Explanation |
Minimal degree of safety and very high credit risk. |
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Date |
15.11.2017 |
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 27.01.2018
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 PARTED BY (GENERAL DETAILS)
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Name : |
Mr. Sanjay Singh |
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Designation : |
Accounts Manager |
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Contact No.: |
91-22-40600400 |
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Date : |
24.01.2018 |
LOCATIONS
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Registered Office : |
Unit 232, Sanjay Building No.5/B, Mittal Industrial Estate, Andheri Kurla Road, Marol Naka,, Andheri (East), Mumbai – 400059, Maharashtra, India |
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Tel. No.: |
91-22-28504030/ 40600400 |
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Fax No.: |
91-22-28506031/ 40600426/ 40600428 |
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E-Mail : |
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Website : |
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Factory : |
A-482, TTC Industrial Area, MIDC,
Mahape, Navi Mumbai - 400701, Maharashtra, India |
DIRECTORS
As on 31.03.2017
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Name : |
Mr. Prahlad Kumar Gourishankar Jhunjhunwala |
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Designation : |
Whole-Time Director |
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Address : |
6/7, Agarwal Nagar, Dr. Ambedkar Road, Matunga (East), Mumbai-400019,
Maharashtra, India |
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Date of Birth/Age : |
15.06.1951 |
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Qualification : |
B. Com |
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Date of Appointment : |
01.10.2010 |
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PAN No.: |
AAAPJ8671J |
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DIN No.: |
00215018 |
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Other
Directorship:
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Name : |
Mr. Santosh Gourishanker Jhunjhunwala |
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Designation : |
Whole-Time Director |
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Address : |
6/7, Agarwal Nagar, Dr. Ambedar Road, Matunga (East), Mumbai-400019,
Maharashtra, India |
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Date of Birth/Age : |
01.06.1953 |
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Qualification : |
B. Com |
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Date of Appointment : |
01.10.2010 |
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PAN No.: |
AAEPJ8244M |
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DIN No.: |
00214947 |
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Other
Directorship:
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Name : |
Mr. Rohit Sohanlal Chandgothia |
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Designation : |
Director |
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Address : |
A-704,7th Floor, Shikharkunj Uppar
Govind Nagar, Malad (East), Mumbai-400097, Maharashtra, India |
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Date of Birth/Age : |
17.04.1978 |
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Qualification : |
B. Com |
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Date of Appointment : |
25.09.2000 |
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PAN No.: |
AAAPC6352M |
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DIN No.: |
00215059 |
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Other
Directorship:
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Name : |
Mr. Vicky Prahlad Kumar Jhunjhunwala |
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Designation : |
Director |
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Address : |
6/7 Agarwal Nagar, Dr. Ambedkar Road, Matunga (East), Mumbai-400019,
Maharashtra, India |
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Date of Birth/Age : |
09.04.1971 |
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Qualification : |
B. Com |
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Date of Appointment : |
23.02.1999 |
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PAN No.: |
ACAPJ5724E |
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DIN No.: |
00194659 |
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Other
Directorship:
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KEY EXECUTIVES
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Name : |
Shiv Hari Jalan |
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Designation : |
Company Secretary |
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Address : |
104, Mahavir Building, 44/46, Popatwadi Lane, Kalbadevi, Mumbai-400002, Maharashtra, India |
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Tel. No: |
91-22-22075834/22075835 |
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Mob. No: |
91- 9869035834 |
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PAN No.: |
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Name : |
Mr. Sanjay Singh |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
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Names of Shareholders |
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No. of Shares |
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Nita S. Jhunjhunwala |
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1500000 |
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Rajni P. Jhunjhunwala |
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1450000 |
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Prahlad Kumar Jhunjhunwala HUF |
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1300000 |
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Santosh Kumar Jhunjhunwala HUF |
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1210000 |
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Miti Jhunjhunwala |
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1200000 |
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Vicky Prahlad Jhunjhunwala HUF |
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1200000 |
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Bhagwati Banka |
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276000 |
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Santosh Kumar Jhunjhunwala |
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161500 |
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Prahalad kumar Jhunjhunwala |
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158500 |
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Vicky Jhunjhunwala |
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155000 |
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Rohit Chandgothia |
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134510 |
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Rahul Banka |
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79000 |
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Sushila Banka |
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69000 |
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Sohanlal Chandgothia |
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51010 |
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S.K. Mullick |
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6000 |
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Mitali Mullick |
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4500 |
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Lalita Chandgithia |
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3010 |
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Umang S. Mullick |
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2500 |
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Seema R. Chandgothia |
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1500 |
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Sanjana Rajesh Banka |
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1500 |
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Indira S. Mullick |
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1500 |
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Total |
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8965030 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
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Category |
Percentage |
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Promoters (Individual/Hindu Undivided Family – Indian) |
92.97 |
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Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
7.03 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of Manufacturing of Readymade Garments and Dealing in Yarn and Fabrics. (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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Advance Payment and RTGS |
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Purchasing : |
Advance Payment and RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
350 (Approximately) |
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Bankers : |
·
Union Bank of India, Matunga (East) Branch,
323-A, Bhagwati Bhavan, Dr. Ambedkar Road,
Matunga (East), Mumbai - 400019, Maharashtra, India |
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Facilities : |
Note: Indian rupee loan from bank carries interest ® 10.25% p.a. on Term Loans. The loan from Banks is secured by hypothecation of Motor cars. The unsecured Loans are from directors and relatives of the directors Carrying Interest @ 12%. There is no specific date of repayment of aforesaid loan. The company has accepted loans from promoters and
relatives as per the terms of sanction letter for working capital facility
from Union Bank of India and are outside the ambit of Section 73 to 77 as
provided in rule 2(c )(ix) of companies(Acceptance of Deposits) Rules, 2014. |
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Auditors : |
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Name : |
Banka and Banka Chartered Accountants |
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Address : |
Shah Trade Center, 3rd Floor, Rani Sati Marg, Off Western Express Highway, Malad (East), Mumbai-400097, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFB1145R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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9000000 |
Equity Shares |
INR 10/- each |
INR 90.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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8965030 |
Equity Shares |
INR 10/- each |
INR 89.650 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
89.650 |
89.650 |
89.650 |
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(b) Reserves and Surplus |
73.611 |
70.105 |
66.365 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(d) Minority interest |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
163.261 |
159.755 |
156.015 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
9.441 |
25.929 |
80.841 |
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(b) Deferred tax liabilities (Net) |
(0.092) |
0.057 |
0.477 |
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(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
9.349 |
25.986 |
81.318 |
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(4)
Current Liabilities |
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(a) Short-term
borrowings |
73.442 |
17.932 |
20.832 |
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(b) Trade
payables |
70.291 |
58.551 |
83.732 |
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(c) Other
current liabilities |
2.853 |
2.085 |
2.830 |
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(d) Short-term
provisions |
2.102 |
2.217 |
1.790 |
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Total Current
Liabilities (4) |
148.688 |
80.785 |
109.184 |
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TOTAL |
321.298 |
266.526 |
346.517 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
32.720 |
19.741 |
19.534 |
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(ii)
Intangible Assets |
0.353 |
0.428 |
0.185 |
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(iii) Tangible assets
capital work-in-progress |
26.021 |
22.902 |
17.728 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
6.674 |
5.329 |
5.329 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
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(e) Other
Non-current assets |
2.894 |
2.771 |
2.751 |
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Total Non-Current
Assets |
68.662 |
51.171 |
45.527 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
43.490 |
39.747 |
37.660 |
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(c) Trade
receivables |
141.347 |
131.785 |
244.813 |
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(d) Cash and
bank balances |
21.844 |
8.202 |
0.202 |
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(e)
Short-term loans and advances |
45.955 |
35.621 |
18.315 |
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(f) Other
current assets |
0.000 |
0.000 |
0.000 |
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Total
Current Assets |
252.636 |
215.355 |
300.990 |
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|
|
|
|
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TOTAL |
321.298 |
266.526 |
346.517 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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SALES |
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Total
Revenue from operations |
1194.506 |
719.088 |
978.032 |
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Other Income |
12.863 |
18.107 |
15.738 |
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TOTAL |
1207.369 |
737.195 |
993.770 |
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Less |