Catmoss didn't file any statements for FY12

Kidswear Retailer Catmoss Retail which is reportedly undergoing a forensic audit by auditing firm KPMG at the behest of its its investor SAIF Partners, has not filed any financial statements for financial year 2012 with Registrar of Companies (RoC), filings with the registrar showed.

According to reports, KPMG is doing a forensic audit to ascertain any financial irregularities by Catmoss and it is doing at the behest of SAIF Partners.

Catmoss management could not be contacted for comments.

According to balance sheet details submitted by Catmoss, the company has posted a profit after tax of Rs 16.20 crore in FY 2011 as against the loss of Rs 8.52 crore for FY 2010. SAIF Parners had picked up 20% stake in the company for Rs 100 crore in 2010.

Catmoss had debt of Rs 9.20 crore debt and Rs 9.3 crore of other liabilities as on 31 March 2011.

Catmoss is into manufacturing and retailing of kidswear. Catmoss products range from casual wear to ethnic wear for kids, particularly of the age group 0-14 years, and also include footwear and accessories like belts, goggles, socks etc. Set up in 2004, the Company today sells its products through roughly 150 Exclusive Brand Outlets (EBO), 175 Multi Brand Outlets (MBO) and 105 kiosks within large formatstores (LFS) with national footprint, information published on SAIF Partners' website said.