|
|
|
MIRA INFORM REPORT
|
Report No. : |
498376 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
S.T. COTTEX EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
K-80, 1st Basement (Right), Haus Khas Enclave, New Delhi –
110016 |
|
Tel. No.: |
91-11-26534679 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
02.06.2000 |
|
|
|
|
Com. Reg. No.: |
55-106064 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 78.840 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51494DL2000PTC106064 |
|
|
|
|
IEC No.: |
3000005234 |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS5993F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Spinning, Weaving and Finishing of Textiles.
(Registered
Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2000 having a fine track record. It is engaged as manufacturing of spinning, weaving and finishing of textiles. For the financial year 2017, the company has reported a marginal dip in its revenue as compared to its previous year along with thin profit margin during the year. Rating takes into consideration, the healthy financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by its well-experience of its promoters in textile industry. However, rating strength is partially offset by the working capital intensive nature of operations and inherent risks related to textile industry, agro climatic risks and volatility of raw material prices. Payments seems to be regular. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 22.03.2018.
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 DECLINED BY
|
Name : |
Mr. Aditya Sachan |
|
Designation : |
Whole-Time Director |
|
Contact No.: |
91-9781800011 |
|
Date : |
20.03.2018 |
|
|
|
|
Name : |
Mr. Surender Chawla |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9781922400 |
|
Date : |
20.03.2018 |
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-161-2671939]
[Given number 91-161-26719838 does not exists]
LOCATIONS
|
Registered Office : |
K-80, 1st Basement (Right), Haus Khas Enclave, New Delhi –
110016, India |
|
Tel. No.: |
91-11-26534679 |
|
Mobile No.: |
91-9781922400 [Mr. Surender Chawla] 91-9781800011 [Mr. Aditya Sachan] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Head Office : |
B-XXX-891, Sherpur Road, Ludhiana -141009, Punjab India |
|
Tel. No.: |
91-161-3294171/ 72/ 2671938/ 139/ 2671939 |
|
|
|
|
Factory: |
Village Iraq (Machhiwara), District: Ludhiana – 141115, Punjab, India |
|
Tel. No.: |
91-1628-250571 to 250573 |
|
Fax No.: |
91-1628-250574 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Amit Gupta |
|
Designation : |
Managing Director |
|
Address : |
H No.652 Pakhowal Road Opposite Nehru Sidhant Kender, Ludhiana - 141001, Punjab, India |
|
Date of Birth/Age : |
28.12.1976 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
02.06.2000 |
|
PAN No.: |
AERPG2501D |
|
DIN No.: |
00009197 |
|
|
|
|
Name : |
Mr. Aman Gupta |
|
Designation : |
Managing Director |
|
Address : |
H No.652 Pakhowal Road Opposite Nehru Sidhant Kender, Ludhiana - 141001, Punjab, India |
|
Date of Birth/Age : |
05.10.1979 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.01.2002 |
|
PAN No.: |
AAKPG6187G |
|
DIN No.: |
00009209 |
|
|
|
|
Name : |
Mrs. Rashi Gupta |
|
Designation : |
Whole-Time Director |
|
Address : |
B-Xxx-891, Behind Petrol Pump, Sherpur Road, Ludhiana - 141009, Punjab, India |
|
Date of Birth/Age : |
12.01.1980 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
ABMPM1014B |
|
DIN No.: |
00487943 |
|
|
|
|
Name : |
Mrs. Shweta Gupta |
|
Designation : |
Whole-Time Director |
|
Address : |
B-Xxx-891, Behind Petrol Pump, Sherpur Road, Ludhiana - 141009, Punjab, India |
|
Date of Birth/Age : |
19.05.1986 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
AKRPM4401C |
|
DIN No.: |
00514724 |
|
|
|
|
Name : |
Mr. Aditya Sachan |
|
Designation : |
Whole-Time Director |
|
Address : |
H.No. 467, G K Estate,, Mundian Khurd, Chandigarh Road, Ludhiana - 141015, Punjab, India |
|
Date of Birth/Age : |
15.05.1972 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
APJPS2911Q |
|
DIN No.: |
06510766 |
|
|
|
|
Name : |
Mr. Premkumar Gupta |
|
Designation : |
Director |
|
Address : |
H. No. 652 Pakhowal Road Opposite Nehrusidhant Kender, Ludhiana - 141001, Punjab, India |
|
Date of Birth/Age : |
22.12.1947 |
|
Date of Appointment : |
01.09.2000 |
|
PAN No.: |
AACPG7819B |
|
DIN No.: |
00009235 |
|
|
|
|
Name : |
Mr. Arvind Kumar Malhotra |
|
Designation : |
Director |
|
Address : |
10-D, Kitchlu Nagar, Ludhiana - 141001, Punjab, India |
|
Date of Birth/Age : |
11.06.1958 |
|
Date of Appointment : |
01.09.2000 |
|
DIN No.: |
00215195 |
KEY EXECUTIVES
|
Name : |
Mr. Surender Chawla |
|
Designation : |
Chartered Accountant |
|
|
|
|
Name : |
Muneet Maini |
|
Designation : |
Company Secretary |
|
Address : |
B/1/637/3, Kundan Puri, Near Jagdambay Market, Civil Lines, Ludhiana -
141001, Punjab, India |
|
Date of Appointment : |
01.03.2015 |
|
PAN No: |
AQXPM5856H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Prem Gupta |
1574900 |
19.98 |
|
Sunila Gupta |
820000 |
10.40 |
|
Amit Gupta |
2663300 |
33.78 |
|
Aman Gupta |
2662400 |
33.77 |
|
Rashi Gupta |
81100 |
1.03 |
|
Shweta Gupta |
82000 |
1.04 |
|
Prem Gupta (HUF) |
100 |
0.00 |
|
Amit Gupta (HUF) |
100 |
0.00 |
|
Aman Gupta (HUF) |
100 |
0.00 |
|
|
|
|
|
Total |
7884000 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Spinning, Weaving and Finishing of
Textiles. (Registered
Activity) |
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|
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|
Products/ Services : |
|
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|
|
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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 : |
|
||||||||
|
Selling : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
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|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Oriental Bank of Commerce Jandu Tower, G.T. Road, Miller Ganj, Ludhiana - 141003, Punjab, India · State Bank of India SMCB, Focal Point Road, Kailash Nagar, Ludhiana - 141001, Punjab, India · IDBI Bank Limited Specialised Corporate Branch, 1st SCO 126-128,, Kalinga Tower, Feroze Gandhi Market, Ludhiana - 141001, Punjab, India · State Bank of India Special Commercial Branch, Deol Complex, Civil Lines, Ludhiana - 141001, Punjab, India · Bank of Baroda G.T. Road, Miller Ganj, Opposite Fire Station, Ludhiana -141003, Punjab, India · HDFC Bank Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Ashwani and Associates Chartered Accountants |
|
Address : |
19-A, Udham Singh, Nagar, Ludhiana,- 141001, Punjab, India |
|
PAN No.: |
AAFFA9616H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Company : |
Sabina Woolen Mills |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7884000 |
Equity Shares |
INR 10/- each |
INR 78.840 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
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 |
78.840 |
78.840 |
78.840 |
|
(b) Reserves & Surplus |
926.190 |
886.145 |
850.990 |
|
(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) |
1005.030 |
964.985 |
929.830 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
910.648 |
1041.785 |
1111.759 |
|
(b) Deferred tax liabilities (Net) |
145.957 |
149.012 |
153.158 |
|
(c)
Other long term liabilities |
2.993 |
0.408 |
0.286 |
|
(d)
long-term provisions |
0.000 |
0.000 |
4.900 |
|
Total
Non-current Liabilities (3) |
1059.598 |
1191.205 |
1270.103 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
947.855 |
619.900 |
711.594 |
|
(b)
Trade payables |
163.231 |
110.610 |
77.004 |
|
(c)
Other current liabilities |
347.204 |
361.041 |
336.408 |
|
(d)
Short-term provisions |
24.957 |
19.064 |
7.246 |
|
Total
Current Liabilities (4) |
1483.247 |
1110.615 |
1132.252 |
|
|
|
|
|
|
TOTAL |
3547.875 |
3266.805 |
3332.185 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2007.632 |
2016.161 |
2074.935 |
|
(ii)
Intangible Assets |
0.656 |
0.862 |
1.068 |
|
(iii)
Capital work-in-progress |
45.542 |
60.175 |
0.000 |
|
(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 |
0.150 |
0.109 |
50.849 |
|
(e)
Other Non-current assets |
1.091 |
1.225 |
46.051 |
|
Total
Non-Current Assets |
2055.071 |
2078.532 |
2172.903 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
853.388 |
560.654 |
544.605 |
|
(c)
Trade receivables |
427.012 |
325.572 |
374.711 |
|
(d)
Cash and cash equivalents |
26.764 |
15.131 |
46.963 |
|
(e)
Short-term loans and advances |
43.141 |
104.269 |
186.991 |
|
(f)
Other current assets |
142.499 |
182.647 |
6.012 |
|
Total
Current Assets |
1492.804 |
1188.273 |
1159.282 |
|
|
|
|
|
|
TOTAL |
3547.875 |
3266.805 |
3332.185 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
6417.473 |
6856.103 |
7357.982 |
|
|
|
Other Income |
12.428 |
14.153 |
89.313 |
|
|
|
TOTAL |
6429.901 |
6870.256 |
7447.295 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
4304.601 |
4571.616 |
5089.581 |
|
|
|
Purchases of Stock-in-Trade |
9.538 |
51.118 |
63.966 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(16.059) |
(2.094) |
(12.508) |
|
|
|
Employees benefits expense |
382.583 |
369.849 |
373.228 |
|
|
|
Other expenses |
1181.553 |
1281.361 |
1338.685 |
|
|
|
CSR Expenditure |
0.049 |
0.100 |
0.000 |
|
|
|
TOTAL |
5862.265 |
6271.950 |
6852.952 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
567.636 |
598.306 |
594.343 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
242.790 |
278.419 |
309.992 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
324.846 |
319.887 |
284.351 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
262.086 |
267.632 |
275.431 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
62.760 |
52.255 |
8.920 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
22.715 |
17.100 |
3.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
40.045 |
35.155 |
5.410 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB basis] |
1680.452 |
3045.131 |
3356.354 |
|
|
TOTAL EARNINGS |
1680.452 |
3045.131 |
3356.354 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
2.386 |
0.000 |
|
|
|
Stores & Spares |
28.661 |
9.504 |
22.240 |
|
|
|
Capital Goods |
50.849 |
29.454 |
0.000 |
|
|
TOTAL IMPORTS |
79.510 |
41.344 |
22.240 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
5.08 |
4.46 |
0.69 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
247.931 |
250.378 |
252.597 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
296.272 |
613.582 |
655.682 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
275.530 |
599.236 |
652.117 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
24.29 |
17.33 |
18.59 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
15.03 |
21.06 |
19.64 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
13.81 |
8.73 |
5.45 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.67 |
1.07 |
1.09 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.28 |
0.29 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.74 |
0.74 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.10 |
1.98 |
2.23 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.48 |
1.15 |
1.22 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.04 |
2.15 |
2.23 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.34 |
2.15 |
1.92 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.62 |
0.51 |
0.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.13 |
1.08 |
0.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.98 |
3.64 |
0.58 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.01 |
1.07 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.43 |
0.57 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.30 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
26.72 |
24.25 |
26.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.01 |
1.07 |
1.02 |
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 |
78.840 |
78.840 |
78.840 |
|
Reserves & Surplus |
850.990 |
886.145 |
926.190 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
929.830 |
964.985 |
1005.030 |
|
|
|
|
|
|
long-term borrowings |
1111.759 |
1041.785 |
910.648 |
|
Short term borrowings |
711.594 |
619.900 |
947.855 |
|
Current Maturities of Long
term debt |
252.597 |
250.378 |
247.931 |
|
Total
borrowings |
2075.950 |
1912.063 |
2106.434 |
|
Debt/Equity
ratio |
2.233 |
1.981 |
2.096 |
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 |
7357.982 |
6856.103 |
6417.473 |
|
|
|
-6.821 |
-6.398 |
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 |
7357.982 |
6856.103 |
6417.473 |
|
Profit |
5.410 |
35.155 |
40.045 |
|
|
0.07% |
0.51% |
0.62% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G76463108 |
100153449 |
BANK OF BARODA |
24/01/2018 |
- |
- |
32100000.0 |
G.T. ROAD, MILLER GANJOPPOSITE FIRE STATIONLUDHIANAPB141003IN |
|
2 |
G75693192 |
100151561 |
IDBI BANK LIMITED |
15/01/2018 |
- |
- |
34500000.0 |
Mid Corporate Group, Basement, Janak TowersCollege Road, Civil LinesLudhianaPB141001IN |
|
3 |
G75346031 |
100150747 |
HDFC BANK LIMITED |
16/12/2017 |
- |
- |
105000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
G42127852 |
100092954 |
BANK OF INDIA |
31/03/2017 |
- |
- |
73000000.0 |
MID CORPORATE BRANCH579-R, 1ST FLOOR, MODEL TOWNLUDHIANAPB141115IN |
|
5 |
G28579779 |
100064163 |
IDBI BANK LIMITED |
29/11/2016 |
- |
- |
32700000.0 |
1ST FLOOR, SCO 126-128, KALINGA TOWERSFEROZE GANDHI MARKET,LUDHIANAPB141001IN |
|
6 |
G10827665 |
100048016 |
ORIENTAL BANK OF COMMERCE |
08/08/2016 |
- |
- |
93000000.0 |
JANDU TOWER, G.T. ROADMILLER GANJLUDHIANAPB141003IN |
|
7 |
C67598748 |
10597721 |
Bank of Baroda |
15/10/2015 |
- |
- |
36000000.0 |
MID CORPORATE BRANCHOpp. Fire Station, G.T. Road, Miller GanjLudhianaPB141003IN |
|
8 |
C64828502 |
10592287 |
Oriental Bank of Commerce |
31/08/2015 |
- |
- |
37500000.0 |
Overseas Branch, Jandu TowerG.T. Road, Miller GanjLudhianaPB141003IN |
|
9 |
G69267375 |
10589594 |
State Bank of India |
28/07/2015 |
16/09/2017 |
- |
100000000.0 |
INDUSTRIAL FINANCE BRANCHGOLDEN TOWER, DHOLEWAL CHOWKLUDHIANAPB141003IN |
|
10 |
C49313521 |
10559639 |
HDFC Bank Limited |
09/03/2015 |
- |
- |
110000000.0 |
Plot No. B/XIX/65/SE, The Mall,Lower Ground Floor 1, 1st MallLudhianaPB141001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
228.737 |
236.038 |
|
Loans and advances from others |
25.580 |
17.746 |
|
|
|
|
|
Total |
254.317 |
253.784 |
OPERATIONS REVIEW
During the year in review, the production of yarn & knitted fabric was 52,935.50 MT as compared to 51,272.97 MT in the previous year. The company achieved the turnover of INR 6417.473 Million against INR 6856.103 Million in the previous year. Profit before Tax (PBT) stands at INR 62.760 Million as against INR 52.255 Million in the previous year. PAT of the company stood at INR 40.045 Million for the current year as against INR 35.155 Million for the previous year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
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, 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 :
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 65.22 |
|
UK Pound |
1 |
INR 91.33 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.