1. Summary Information
|
|
|
Country |
|
||
|
Company Name |
SAMTEL GLASS LIMITED |
Principal Name 1 |
Mr. Satish Kumar Kaura |
||
|
Status |
Moderate |
Principal Name 2 |
Mr. Navin Bahl |
||
|
|
|
Registration # |
17-008852 |
||
|
Street Address |
Village Naya Nohra, Tehsil Ladpura, District |
||||
|
Established Date |
24.07.1986 |
SIC Code |
-- |
||
|
Telephone# |
91-744-2450150 |
Business Style 1 |
Manufacturer |
||
|
Fax # |
91-744-2450154 |
Business Style 2 |
-- |
||
|
Homepage |
Product Name 1 |
Glass Parts |
|||
|
# of employees |
Not Available |
Product Name 2 |
Funnels |
||
|
Paid up capital |
Rs.836,001,000/- |
Product Name 3 |
-- |
||
|
Shareholders |
Foreign holdings – 9.33% Bodies corporate – 90.66% Directors or
relatives of Directors – 0.01% |
Banking |
State bank of Bank of |
||
|
Public Limited Corp. |
NO |
Business Period |
25 Years |
||
|
IPO |
NO |
International Ins. |
- |
||
|
Public |
NO |
Rating |
B [29] |
||
|
Related
Company |
|||||
|
Relation
|
Country
|
Company
Name |
CEO |
||
|
Subsidiary
Company |
|
Palka Investments Private Limited |
-- |
||
|
Note |
- |
||||
2. Summary
Financial Statement
|
Balance Sheet as of |
30.09.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
788,915,000 |
Current Liabilities |
404,171,000 |
|
Inventories |
115,259,000 |
Long-term Liabilities |
428,793,000 |
|
Fixed Assets |
816,705,000 |
Other Liabilities |
59,611,000 |
|
Deferred Assets |
0 |
Total Liabilities |
892,575,000 |
|
Invest& other Assets |
13,972,000 |
Retained Earnings |
281,500,000 |
|
|
|
Net Worth |
842,276,000 |
|
Total Assets |
1,734,851,000 |
Total Liab. & Equity |
1,734,851,000 |
|
Total Assets (Previous Year) |
1,816,963,000 |
|
|
|
P/L Statement as of |
30.09.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,935,952,000 |
Net Profit |
48,116,000 |
|
Sales(Previous yr) |
1,451,822,000 |
Net Profit(Prev.yr) |
(12,640,000) |
MIRA
INFORM REPORT
|
Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAMTEL GLASS LIMITED [w.e.f. 27.03.2008] |
|
|
|
|
Formerly Known
As : |
SAMCOR GLASS LIMITED |
|
|
|
|
Registered
Office : |
Village Naya Nohra, Tehsil Ladpura, District |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.09.2010 |
|
|
|
|
Date of
Incorporation : |
24.07.1986 |
|
|
|
|
Com. Reg. No.: |
17-008852 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.836.001 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26101RJ1986PLC008852 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JDHS03083D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS2730C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Glass Parts and Funnels for Black and
White and Color Picture Tubes |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B [29] |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3360000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses being recorded by the company. However, trade
relations are fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Village Naya Nohra, Tehsil Ladpura, District |
|
Tel. No.: |
91-744-2450150 / 51 / 52 / 53 |
|
Fax No.: |
91-744-2450154 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2011
|
Name : |
Mr. Satish Kumar Kaura |
|
Designation : |
Managing Director |
|
Address : |
B-407, new Friends Colony, |
|
Date of Birth/Age : |
19.12.1944 |
|
Date of Appointment : |
24.07.1986 |
|
DIN : |
00011202 |
|
|
|
|
Name : |
Mr. Harcharn Singh Mamak |
|
Designation : |
Director |
|
Address : |
C-1, Sector 30, Noida, |
|
Date of Birth/Age : |
25.08.1933 |
|
Date of Appointment : |
28.01.1998 |
|
DIN : |
00053549 |
|
|
|
|
Name : |
Mr. Narayanan Venkateshwaran |
|
Designation : |
Director |
|
Address : |
Flat No.19, the manor 1, Cenotaph, |
|
Date of Birth/Age : |
29.01.1938 |
|
Date of Appointment : |
21.04.1993 |
|
DIN : |
00081673 |
|
|
|
|
Name : |
Mr. Navin Bahl |
|
Designation : |
Director |
|
Address : |
A-9/34, Vasant Vihar, |
|
Date of Birth/Age : |
19.02.1943 |
|
Date of Appointment : |
24.07.1986 |
|
DIN : |
00323762 |
|
|
|
|
Name : |
Mr. Puneet Kaura |
|
Designation : |
Director |
|
Address : |
B-407, new Friends Colony, |
|
Date of Birth/Age : |
21.04.1978 |
|
Date of Appointment : |
30.01.2008 |
|
DIN : |
00494277 |
|
|
|
|
Name : |
Mr. Arun Bharat Ram |
|
Designation : |
Director |
|
Address : |
No.1, |
|
Date of Birth/Age : |
15.11.1940 |
|
Date of Appointment : |
28.04.2001 |
|
DIN : |
00694766 |
|
|
|
|
Name : |
Ms. Swati Munjal |
|
Designation : |
Director |
|
Address : |
K-5, Lono W-12, |
|
Date of Birth/Age : |
17.02.1981 |
|
Date of Appointment : |
07.03.2011 |
|
DIN : |
0127623 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Mahajan |
|
Designation : |
Secretary |
|
Address : |
582, Sector-9, New Vijay Nagar, |
|
Date of Birth/Age : |
19.11.1977 |
|
Date of Appointment : |
16.08.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2011
|
Names of Shareholders |
|
No. of Shares |
|
Satish Kumar Kaura |
|
10 |
|
Krishan Al Sethi |
|
10 |
|
Ramesh Mehra |
|
10 |
|
Narendra Kumar Seghal |
|
10 |
|
Rajiv Gupta |
|
10 |
|
Navin Behl |
|
10 |
|
S.K.Verma |
|
10 |
|
Samtel Color Limited, |
|
23330000 |
|
Samtel |
|
3200000 |
|
Teletube Electronics Limited, |
|
8500000 |
|
Sutham Chansrichawla |
|
700000 |
|
Citimark Industries Limited, |
|
300000 |
|
Lenients Consultants Private Limited, |
|
480000 |
|
SW Consultants Private Limited, |
|
300000 |
|
Samtel Display Systems Limited, |
|
9180000 |
|
Cea Consultants Private Limited, |
|
10070000 |
|
Tish Consultants Private Limited, |
|
300000 |
|
The Industrial Finance Corporation Of |
|
2000000 |
|
Icici Trusteeship Services Limited, |
|
5000000 |
|
J.P. Morgan International Capital Corporation, |
|
1000000 |
|
Samsung Corninig Company Limited, |
|
5800000 |
|
Palka Investments Private Limited, |
|
13440000 |
|
Total |
|
83600070 |
As on 31.03.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
9.33 |
|
Bodies corporate |
90.66 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Glass Parts and Funnels for Black and
White and Color Picture Tubes |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS As on 30.09.2010
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Electronic components |
Nos. |
11,846,154 |
-- |
|
Color Funnel |
Nos. |
-- |
252 |
|
Color Panel |
Nos. |
-- |
12037348 |
|
Other Glass Items |
Nos. |
-- |
604658 |
|
|
|
|
|
Note : The industry is delicensed the installed
capacity are on an annualized basis certified by the management and accepted ny
the auditors being a technical matter
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
-
State
Bank Of India - Lead Bank, Industrial Finance Branch, Jawahar Vyapar Bhawan,
1, Tolstoy Marg, New Delhi – 110001, Delhi. -
Canara
Bank -
State
bank of -
Bank
of |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex,
DLF City Phase – II, Gurgaon – 122002, Haryana, India |
|
Tel. No.: |
91-124-6792000 |
|
Mobile No.: |
91-124-6792012 |
|
|
|
|
Subsidiaries : |
-
Palka Investments Private Limited
CIN :U74899DL1981PTC012552 |
|
|
-
Samtel Color Limited, |
|
-
Samtel India Limited, |
|
|
-
Samtel Display Systems Limited, |
|
|
-
Teletube Electronics Limited, |
|
|
-
Tish Consultants Private Limited, |
|
|
-
Dolsum Containers Private Limited |
|
|
-
Swaka Consultanta Private Limited |
|
|
-
Punswat Investments Private Limited |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99,990,000 |
Equity Shares |
Rs.10/-each |
Rs.999.900
millions |
|
1,000 |
Preference Shares |
Rs.100/-each |
Rs.0.100
millions |
|
|
Total |
|
Rs.1000.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83,600,070 |
Equity Shares |
Rs.10/-each |
Rs.836.001
millions |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
30.09.2010 [15 Months] |
30.06.2009 [12 months] |
30.06.2008 [12 months] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
836.001 |
836.001 |
836.001 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
281.500 |
281.500 |
281.500 |
|
|
4] (Accumulated Losses) |
(275.225) |
(323.341) |
(310.701) |
|
|
NETWORTH |
842.276 |
794.160 |
806.800 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
421.401 |
597.467 |
662.968 |
|
|
2] Unsecured Loans |
7.392 |
17.806 |
39.021 |
|
|
TOTAL BORROWING |
428.793 |
615.273 |
701.989 |
|
|
DEFERRED TAX LIABILITIES |
9.950 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1281.019 |
1409.433 |
1508.789 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
816.705 |
1101.584 |
1230.427 |
|
|
Capital work-in-progress |
13.870 |
3.687 |
12.646 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.102 |
0.102 |
0.002 |
|
|
DEFERREX TAX ASSETS |
0.000 |
15.290 |
5.070 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
115.259
|
97.797 |
158.267 |
|
|
Sundry Debtors |
88.523
|
185.504 |
196.141 |
|
|
Cash & Bank Balances |
36.666
|
26.169 |
16.589 |
|
|
Other Current Assets |
3.260
|
0.000 |
0.000 |
|
|
Loans & Advances |
660.466
|
386.830 |
300.437 |
|
Total
Current Assets |
904.174
|
696.300 |
671.434 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
303.498
|
257.662 |
275.702 |
|
|
Other Current Liabilities |
100.673
|
117.185 |
102.384 |
|
|
Provisions |
49.661
|
32.683 |
32.704 |
|
Total
Current Liabilities |
453.832
|
407.530 |
410.790 |
|
|
Net Current Assets |
450.342
|
288.770 |
260.644 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1281.019 |
1409.433 |
1508.789 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2010 [15 Months] |
30.06.2009 [12 months] |
30.06.2008 [12 months] |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1935.952 |
1451.822 |
1163.382 |
|
|
|
Other Income |
54.053 |
14.209 |
44.673 |
|
|
|
TOTAL (A) |
1990.005 |
1466.031 |
1208.055 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturer and Other Expenses |
1532.814 |
1131.506 |
1029.437 |
|
|
|
Purchase for resale |
74.209 |
32.360 |
0.000 |
|
|
|
Increase decrease in stock |
(10.756) |
37.991 |
(19.334) |
|
|
|
TOTAL (B) |
1596.267 |
1201.857 |
1010.103 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
393.738 |
264.174 |
197.952 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
116.837 |
122.625 |
120.464 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
276.901 |
141.549 |
77.488 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
203.257 |
163.522 |
166.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
73.644 |
(21.973) |
(88.719) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
25.528 |
9.333 |
(1.679) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
48.116 |
(12.640) |
(87.040) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(323.341) |
(310.701) |
(219.254) |
|
|
|
|
|
|
|
|
|
|
Adjustment
on account of employee benefits |
0.000 |
0.000 |
(4.407) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(275.225) |
(323.341) |
(310.701) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
0.000 |
0.741 |
51.672 |
|
|
TOTAL EARNINGS |
0.000 |
0.741 |
51.672 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
367.930 |
242.888 |
210.809 |
|
|
|
Stores & Spares |
17.849 |
7.086 |
1.098 |
|
|
|
Capital Goods |
0.000 |
44.585 |
0.000 |
|
|
TOTAL IMPORTS |
385.779 |
294.559 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.58 |
(015) |
(1.04) |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2010 [15 Months] |
30.06.2009 [12 months] |
30.06.2008 [12 months] |
|
PAT / Total Income |
(%) |
2.42
|
[0.86] |
[7.20] |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.80
|
[1.51] |
[7.63] |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.28
|
[1.22] |
[4.66] |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
[0.03] |
[0.11] |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.05
|
1.29 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
1.71 |
1.63 |
LOCAL AGENCY FURTHER INFORMATION
Industry Outlook
At present
substantial part of the revenue of the Company comes from Color Glass Funnels being produced 'or
Color Picture Tubes The Global demand for Color Picture Tubes(CPT) has remained
stable at around 60 million nos. per annum over the last two years However, it
is expected to decline in the future
In
Though
still there a huge market for CPT based
televisions to be expected, however, lack of infrastructure and closing down of
scheme of distribution of televisions by State Government have adversely
impacted the overall demand.
Performance Review & outlook:
During the
period under review, the Company has sold 12 03 million color funnels as
against 8.9 million color funnels sold in the previous financial year
registering a year on year volume growth of 8%
Sales
during the fifteen months period ended 30th September 2010 were Rs.
2120.000 millions as against Rs 1620.000 millions during the previous year 30th
June 2009. registering a growth of 5%. They are pleased to report that during the
financial period, the Company has earned a profit after tax of Rs.48.100
millions as against a loss after tax of Rs.12.600 millions in the previous year
This was achieved through improved operating efficiencies higher production
volume and better utilization of resources
Keeping in
view the decline in demand for Color Glass Funnels, the Company is taking
necessary measures including development of new glass funnels a per the market
retirements and demands. The Company has developed new funnel for ultra slim
CPTs for which demand is expected to grow Development efforts in the area of
Glass part for Avionics Tubes have continued during the period and the Company
was able to develop Glass parts for 4’4 and 6’6 size Avionics Tubes.
The
Company is also exploring various other business opportunities to be expand its
area of operations and leverage its existing infrastructure and expertise.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U26101RJ1986PLC008852 |
|
Name of the
company |
SAMCOR GLASS
LIMITED (TRANSFER FROM |
|
Address of the
registered office or of the principal place of business in |
Village Naya Nohra,Tehsil
Ladpura, Distt. |
|
Type of charge |
Book Debts Movable Property Immovable
Property |
|
Particular of
charge holder |
State Bank Of
India - Lead Bank, Industrial Finance Branch, Jawahar Vyapar Bhawan, 1, Tolstoy
Marg, New Delhi – 110001, Delhi. |
|
Nature of
description of the instrument creating or modifying the charge |
i) Working
Capital Consortium Agreement ii) Joint Deed of
Hypothecation iii) Inter se
Agreement |
|
Date of
instrument Creating the charge |
27.07.2007 |
|
Amount secured by
the charge |
Rs.397.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- Interest on Cash Credit (Hyp) : To be decided by the respective banks from
time to time; Inland/Foreign LC
Limits: Commission as per Bank
rules; Guarantee Limits : Interest and Service charges as applicable to the
said facilities from time to time. Terms of
Repayment - Payable on demand. Margin - As
decided by the consortium banks from time to time. Extent and
Operation of the charge - Extent and operation of the charge : 100% Others - The
charge shall rank pari passu with charge created/to be created in favour of
Consortium Banks for securing the credit facilities provided by them as
under: State Bank of |
|
Short particulars
of the property charged |
i) First pari
passu charge on whole of the current assets of the Borrower namely stocks of
raw materials, stock - in -process, semi finished and finished goods, stores
and spares not relating to plant and machinery (consumable stores &
spares), bills receivable and book debts and all other movables, both present
and future. ii) Second pari-
passu charge on fixed assets of the company, both present and future. |
FIXED ASSETS :
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixtures
- Computer
- Office
Equipments
- Vehicles
AS PER WEBSITE
Company Profile
SAMTEL GLASS LIMITED (SGL) is a Hi-tech plant, which was
set up in 1993 to manufacture Glass Parts for Black and White Picture tubes in
joint venture between Samtel Group, Corning Incorporated USA and
The plant was converted to manufacture funnels for Color Picture Tubes in Sept.
2000 by modifying the presses and putting up finishing processes.
The plant has a manufacturing capacity of 10.0 million funnels of color picture
tubes. The Plant has a continuous manufacturing process and operates round the
clock in three shifts. The project went into commercial production in November
1993 for B/W Parts, and started manufacturing funnels for color picture tubes
in October 2000. Today, SGL meets over 60% color picture tube glass requirement
of the Indian color picture tube industry.
SGL is transforming itself from being a manufacturer of world-class glass
products to a solutions provider by moving up the value chain of picture tube
glass and providing products and services that make color picture tube glass
more versatile and user-friendly.
The market and technology leader in the Indian Picture Tube Glass Industry, SGL
continues to add to its customer base and service offerings, while maintaining
and enhancing product quality.
Its ongoing efforts, to provide high quality products and reliable and
excellent service to its customers, are the key factors for SGL's sustained
success and leadership position in the Indian color picture tube glass
industry.
Currently, Funnels suitable for Color Picture Tubes in 14", 15",
20", 21" and 29" sizes are being manufactured, and the company
has plans to cater to the demand for all sizes as per future needs of the
customers. Besides this, Avionics Glass funnels and panels in sizes 4x4, 5x5
and 6x6, as also Automotive Glass including different sizes of Fog lenses based
on customer requirement are being manufactured.
SGL is the pioneer in the country in manufacturing of TV
glass. SGL family consists of about 637 members working in different functions
at
Samtel Glass is an ISO 9001:2000, ISO 14001:2004 OHSAS 18001:2007
certified company.
About Samtel Group
Samtel Glass Limited is a part of the Samtel Group,
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
|
1 |
Rs.73.31 |
|
Euro |
1 |
Rs.63.70 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
29 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.