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|
MIRA INFORM REPORT
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Report No. : |
493830 |
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Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SANGAM WEAVERS PRIVATE LIMITED (w.e.f. 18.01.2008) |
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Formerly Known
As : |
JAIN UDHAY INDUSTRIES PRIVATE LIMITED (w.e.f. 13.12.2001) JAIN UDHAY INDUSTRIES LIMITED |
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Registered
Office : |
D-43, 44, Phase V, Focal Point, Ludhiana – 141010, Punjab |
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Tel. No.: |
91-161-4696822 |
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Website : |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
16.01.1996 |
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Com. Reg. No.: |
16-017569 |
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Capital Investment
/ Paid-up Capital : |
INR 385.496 Lacs |
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CIN No.: [Company Identification
No.] |
U17121PB1996PTC017569 |
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IEC No.: [Import-Export Code No.] |
3095009097 |
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GSTIN/UIN : [Goods
& Service Tax Registration No.] |
03AAACJ7376H1ZK |
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TIN /VAT No.: |
03531016952 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
JLDJ00757B |
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PAN No.: [Permanent Account No.] |
AAACJ7376H |
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SSI
Reg. No.: |
-- |
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Shop & Establishment
Certificate No.: |
-- |
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Udyog Aadhaar
No.: |
PB12B0000155 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Knitted Cloth and Readymade Garments. |
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No. of Employees
: |
244 (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 |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996 and it is engaged in manufacturing of knitted cloth and readymade garments. As per financials of March 2017, the company has registered minimal decline in its revenue and has reported average profit margin. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with average debt coverage indicators and decent liquidity position. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at the factory address. Our executive has successfully traced the subject at the given address. At the premises, our executive met Mr. Tarvinder Singh (Account Officer) As per our executive’s observation, it is a ground + 1 storey building and subject is occupied with whole premises. Area of the premises of Ground Floor is 45,000 SQ FT and 1st Floor is 35,000 SQ FT. Location is easy to find and locality seems to be industrial. Area seems to be neutral 244 employees were sighted at the premises. Landmark- Roxy Exports. During the visit, our executive met with Mr. Krishan Azad from Roxy Exports (Neighbour Company) and he gave positive feedback about the subject. Name board of the subject was sighted at the address. |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 17.03.2018
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
|
Name : |
Mr. Dinesh Ramesh Kumar Jain |
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Designation : |
Director |
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Contact No.: |
91-9876244222 |
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Date : |
13.03.2018 |
LOCATIONS
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Registered Office/ Factory : |
D-43, 44, Phase V, Focal Point, Ludhiana – 141010, Punjab, India |
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Tel. No.: |
91-161-4696822 |
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Mobile No.: |
91-9876244222 (Mr. Dinesh Ramesh Kumar Jain) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
35,000 Sq. Ft (1st Floor) (As per site visit) |
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Locality : |
Industrial (As per site visit) |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Bipan Kumar Ramesh Kumar Jain |
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Designation : |
Director |
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Address : |
136, Vaishali, Pitampura, North West New Delhi-110034, India |
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Date of Birth/Age : |
23.06.1966 |
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Qualification: |
Graduate |
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Date of Appointment : |
01.07.2012 |
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DIN No.: |
00478670 |
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PAN No.: |
ACDPJ8248E |
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Aadhar Card No.: |
7943 1262 3725 |
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E-Mail : |
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Mobile No.: |
91-9811038901 |
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Other
Directorship :
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Name : |
Mr. Dinesh Ramesh Kumar Jain |
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Designation : |
Director |
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Address : |
House No.98, Mahavir Enclave Barewal, Rajguru Nagar, Ludhiana-141012, Punjab, India |
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Date of Birth/Age : |
09.05.1968 |
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Qualification: |
Graduate |
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Date of Appointment : |
24.03.1998 |
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DIN No.: |
00479629 |
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PAN No.: |
ABDPJ2238D |
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Aadhar Card No.: |
7090 7743 6950 |
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E-Mail : |
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Mobile No.: |
91-9876244222 |
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Other Directorship
:
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Name : |
Mr. Akshay Dinesh Jain |
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Designation : |
Director |
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Address : |
House No.98, Mahavir Enclave Barewal, Rajguru Nagar, Ludhiana-141012, Punjab, India |
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Date of Birth/Age : |
29.09.1991 |
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Qualification: |
Graduate |
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Date of Appointment : |
10.06.2014 |
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DIN No.: |
06893396 |
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PAN No.: |
AMUPJ9884F |
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Aadhar Card No.: |
8976 8724 7110 |
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E-Mail : |
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Mobile No.: |
91-9056633333 |
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KEY
EXECUTIVE
|
Name : |
Mr. Tarvinder Singh |
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Designation : |
Account Officer |
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Mobile No.: |
91-9888065233 |
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Email : |
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Name : |
Mr. Ankur |
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Designation : |
Office Executive |
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Mobile No.: |
91-9041566515 |
MAJOR SHAREHOLDERS
AS ON 28.02.2018
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Kumar Jain |
|
812932 |
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Bipan Kumar Jain Karta Bipan Kumar Jain and Sons HUF |
|
484500 |
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Dinesh Kumar Jain Karta Dinesh Kumar Jain and Sons HUF |
|
505500 |
|
Pepsi Jain |
|
114000 |
|
Ranju Jain |
|
243003 |
|
Foresight Finance Limited, India |
|
111600 |
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Ojasvi Jain |
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3 |
|
Piyush Jain |
|
433490 |
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Bipan Kumar Jain |
|
839711 |
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Kiran Jain |
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3 |
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Hira Lal Jain Karta Hira Lal Jain and Sons HUF |
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3 |
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Hira Lal Jain |
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3 |
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Akshay Jain |
|
310201 |
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Pooja Vinay Jain |
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3 |
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Sangam Weavers Regd., India |
|
3 |
|
Total |
|
3854955 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
97.10455764 |
|
Promoters (Others - Firm) |
0.00007782 |
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Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.00038911 |
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Public/Other than promoters (Body corporate) |
2.89497543 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer
of Knitted Cloth and Readymade Garments. |
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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 Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
·
Vardhaman Spinning and General Mills Limited ·
Gurukripa Trading Co. |
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Customers : |
Wholesaler and End Users · Status Quo Lifestyle Co., Solan · H.P. Cotton Casuals Private Limited, Kolkata · D.S. Corporation, Mumbai |
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No. of Employees : |
244 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Dass Khanna and Company Chartered Accountants |
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Address : |
B-XX-2815, Gurdev Nagar, Pakhowal Road, Ludhiana-141001, Punjab, India |
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Tel. No.: |
91-141-2403029, 2401230 |
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E-Mail : |
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Membership No.: |
083142 |
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Income-tax
PAN of auditor or auditor's firm : |
AABFD5151G |
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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 : |
· Sharman Udyog Private Limited CIN No.: U00000PB1983PTC005453 · Sangam Weavers Apparels Private Limited CIN No.: U18101PB2008PTC031726 |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7400000 |
Equity Shares |
INR 10/- each |
INR 740.000 Lacs |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3854955 |
Equity Shares |
INR 10/- each |
INR 385.496 Lacs |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Lacs]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
385.496 |
385.496 |
385.496 |
|
(b) Reserves & Surplus |
484.742 |
436.121 |
392.988 |
|
(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) |
870.238 |
821.617 |
778.484 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
351.821 |
278.415 |
220.158 |
|
(b) Deferred tax liabilities
(Net) |
7.512 |
4.461 |
1.535 |
|
(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) |
359.333 |
282.876 |
221.693 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
855.617 |
695.100 |
782.052 |
|
(b) Trade payables |
643.736 |
479.010 |
466.669 |
|
(c) Other current liabilities |
238.595 |
183.033 |
214.942 |
|
(d) Short-term provisions |
16.666 |
16.640 |
18.295 |
|
Total
Current Liabilities (4) |
1754.614 |
1373.783 |
1481.958 |
|
|
|
|
|
|
TOTAL |
2984.185 |
2478.276 |
2482.135 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
473.871 |
301.695 |
258.514 |
|
(ii) Intangible Assets |
1.740 |
2.029 |
2.353 |
|
(iii) Capital work-in-progress |
3.054 |
10.689 |
0.194 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
30.431 |
14.732 |
21.912 |
|
(e) Other Non-current assets |
3.024 |
1.717 |
3.720 |
|
Total
Non-Current Assets |
512.120 |
330.862 |
286.693 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
753.359 |
550.905 |
658.323 |
|
(c) Trade receivables |
1610.363 |
1504.861 |
1477.445 |
|
(d) Cash and cash equivalents |
56.856 |
41.017 |
20.031 |
|
(e) Short-term loans and
advances |
38.152 |
41.005 |
29.943 |
|
(f) Other current assets |
13.335 |
9.626 |
9.700 |
|
Total
Current Assets |
2472.065 |
2147.414 |
2195.442 |
|
|
|
|
|
|
TOTAL |
2984.185 |
2478.276 |
2482.135 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4678.778 |
4694.434 |
4686.958 |
|
|
Other Income |
8.127 |
15.046 |
13.642 |
|
|
TOTAL
|
4686.905 |
4709.480 |
4700.600 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2856.203 |
2781.006 |
2933.495 |
|
|
Purchases of Stock-in-Trade |
0.000 |
6.088 |
14.012 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(106.736) |
51.898 |
22.118 |
|
|
Employees benefits expense |
311.685 |
242.608 |
168.909 |
|
|
Other expenses |
1384.936 |
1385.907 |
1321.469 |
|
|
Exceptional Items |
(8.422) |
1.294 |
(0.704) |
|
|
TOTAL |
4437.666 |
4468.801 |
4459.299 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
249.239 |
240.679 |
241.301 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
125.522 |
126.446 |
139.650 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
123.717 |
114.233 |
101.651 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
55.483 |
51.653 |
41.540 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
68.234 |
62.580 |
60.111 |
|
|
|
|
|
|
|
Less |
TAX |
19.613 |
19.447 |
18.660 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
48.621 |
43.133 |
41.451 |
|
|
|
|
|
|
|
|
C.I.F. VALUE OF
IMPORTS |
10.411 |
30.906 |
14.403 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
1.26 |
1.12 |
1.08 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
55.504 |
25.637 |
14.376 |
|
Cash generated from operations |
146.979 |
281.625 |
NA |
|
Net Cash from operating activities |
129.198 |
264.551 |
191.480 |
|
Net cash flows from (used in) operations |
149.814 |
283.896 |
211.582 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
125.63 |
117.01 |
115.06 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.91 |
3.12 |
3.17 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
82.26 |
62.73 |
57.79 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.33 |
0.44 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.52 |
0.77 |
0.92 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.72 |
0.68 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.45 |
1.22 |
1.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.02 |
1.67 |
1.90 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.55 |
0.38 |
0.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.99 |
1.90 |
1.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.04 |
0.92 |
0.88 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.63 |
1.74 |
1.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.59 |
5.25 |
5.32 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.41 |
1.56 |
1.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.98 |
1.16 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.33 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.28 |
2.59 |
2.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.41 |
1.56 |
1.48 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR In
Lacs |
|
Share Capital |
385.496 |
385.496 |
385.496 |
|
Reserves & Surplus |
392.988 |
436.121 |
484.742 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
778.484 |
821.617 |
870.238 |
|
|
|
|
|
|
long-term borrowings |
220.158 |
278.415 |
351.821 |
|
Short term borrowings |
782.052 |
695.100 |
855.617 |
|
Current maturities of
long-term debts |
14.376 |
25.637 |
55.504 |
|
Total
borrowings |
1016.586 |
999.152 |
1262.942 |
|
Debt/Equity
ratio |
1.306 |
1.216 |
1.451 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Sales |
4686.958 |
4694.434 |
4678.778 |
|
|
|
0.160 |
(0.334) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Sales |
4686.958 |
4694.434 |
4678.778 |
|
Profit/ (Loss) |
41.451 |
43.133 |
48.621 |
|
|
0.88% |
0.92% |
1.04% |
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 |
Yes |
|
5] |
Buyer visit details |
Yes |
|
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 |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
Yes |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
Yes |
|
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 |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
|
OBSERVATION
POINTS |
|
Name of Company : |
SANGAM WEAVERS PRIVATE LIMITED |
||||||
|
|
|
||||||
|
Address : |
D-43, 44, Phase V, Focal Point, Ludhiana – 141010, Punjab, India |
||||||
|
|
|
||||||
|
Person to whom we met: |
Mr. Tarvinder Singh |
||||||
|
|
|
||||||
|
Mobile No.: |
91-9888065233 |
||||||
|
|
|
||||||
|
Designation : |
Account Officer |
||||||
|
|
|
||||||
|
Name Board : |
Sighted |
||||||
|
|
|
||||||
|
Location: |
Easy |
||||||
|
|
|
||||||
|
Landmark (If Any): |
Roxy Exports |
||||||
|
|
|
||||||
|
Total Floors of the building: |
Ground + 1 |
||||||
|
|
|
||||||
|
Subject situated on: |
Whole premises belongs to subject company |
||||||
|
|
|
||||||
|
Locality: |
Industrial |
||||||
|
|
|
||||||
|
Area of Premises : |
45,000 Sq Ft (Ground Floor) 35,000 Sq Ft (1st Floor) |
||||||
|
|
|
||||||
|
Area : |
Neutral |
||||||
|
|
|
||||||
|
Level of
Operation |
Medium |
||||||
|
|
|
||||||
|
No. of Employees
seen at Premises : |
244 |
||||||
|
|
|
||||||
|
Furniture Items
Sighted : |
1 Table and 6
Chairs |
||||||
|
|
|
||||||
|
Visibility of
Items: |
· Telephone · Computers · Air Conditioner · Office Equipment · Xerox Machines |
||||||
|
|
|
||||||
|
Neighbour Interview : |
Name of Company : Roxy Exports Contact Person : Mr. Krishan Azad Neighbour Overview
: Existence Confirmed |
||||||
|
|
|
||||||
|
Proof of visit: |
· Photographs · Visiting Card Photographs: Exterior with name board / Interior |
||||||
|
|
|
||||||
|
Details of the
person conducting visit : |
|
PICTURES
NEIGHBORS
GENERAL INFORMATION
The company incorporated in India under the provisions of the Companies Act and is engaged in the business of Manufacturing, Processing and Trading of Knitted Cloth and Garments
FINANCIAL PERFORMANCE
WITH RESPECT TO OPERATIONAL PERFORMANCE
During the year, the company's operating and other income was of INR 4686.900 lacs (previous year INR 4709.480 Lacs). The company has earned a profit after tax of INR 48.620 lacs (previous year profit after tax INR 43.130 Lacs) during the period.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Lacs) |
31.03.2016 (INR
in Lacs) |
|
Long-term
Borrowings |
|
|
|
Vehicle Loans |
|
|
|
ICICI Bank Limited Car Loan Fortuner (Repayable in 60 monthly installments of INR.0.426 Lacs each including interest @10.14% p.a. and 27 installments are outstanding at the end of the year) |
5.976 |
10.243 |
|
Volkswagen Finance Private Limited Car Loan Skoda (Repayable in 36 monthly installments of INR 0.558 Lacs each including interest @9.35% p.a. and 32 installments are outstanding at the end of the year) |
10.216 |
0.000 |
|
From others |
|
|
|
From Directors [Repayable in 2018-19 and Interest payable on annual basis @15%p.a] |
108.664 |
97.400 |
|
From Relatives of Promoters [Repayable in 2018-19 and Interest payable on annual basis @15%p.a] |
154.716 |
139.230 |
|
Total |
279.572 |
246.873 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G54129788 |
100112183 |
HDFC BANK LIMITED |
06/06/2017 |
22/08/2017 |
- |
130450000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
G47661574 |
10541398 |
CORPORATION BANK |
08/12/2014 |
28/03/2017 |
03/07/2017 |
120100000.0 |
2658/1 SUNDER NAGAR MAIN ROAD LUDHIANA PUNJAB 141010 INDIA |
|
3 |
C40995136 |
90173396 |
STATE BANK OF INDIA |
20/02/1997 |
26/12/2013 |
09/01/2015 |
100300000.0 |
SPECIALISED MID COMMERCIAL BRANCH KAILASH NAGAR, FOCAL POINT ROAD LUDHIANA PUNJAB 141008 INDIA |
|
4 |
C10938710 |
90310041 |
State Bank of India |
20/02/1997 |
27/08/2004 |
26/06/2014 |
58000000.0 |
S.C.B. SUNDER NAGAR LUDHIANA PUNJAB INDIA |
|
5 |
C10934909 |
90175713 |
State Bank of India |
31/05/2005 |
- |
26/06/2014 |
9000000.0 |
S.C.B. SUNDER NAGAR LUDHIANA PUNJAB INDIA |
|
6 |
C10934271 |
90174183 |
State Bank of India |
19/05/2003 |
- |
26/06/2014 |
51500000.0 |
S.C.B. SUNDER NAGAR LUDHIANA PUNJAB INDIA |
|
7 |
B42402685 |
10145921 |
STATE BANK OF INDIA |
19/01/2009 |
- |
18/06/2012 |
8000000.0 |
M.C.L.A.SHB, SUNDER NAGAR, LUDHIANA PUNJAB 141007 INDIA |
CONTINGENT
LIABILITIES: (As on 31.03.2017)
· Bank Guarantee INR 2.655 Lacs - (Previous Year INR 1.730 Lacs)
Capital Commitment:-
· Estimated amount of contracts to be executed on capital account- INR 191.666 Lacs (Previous Year- INR 11.374 Lacs)
FIXED ASSETS
Tangible Assets
- Land (Freehold)
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Electric Installations and Equipments
Intangible Assets
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 (as on
17.03.2018) (date of report):
No press reports / filings exists
on the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYTK |
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
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·