MIRA
INFORM REPORT
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Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ISMT LIMITED |
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Registered
Office : |
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Country : |
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Financials (as on)
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31.03.2011 |
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Date of
Incorporation : |
01.09.1999 |
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Com. Reg. No.: |
25-16417 |
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Paid Up Capital
: |
Rs.732.500 Millions |
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CIN No.: [Company Identification
No.] |
L27109PN1999LC016417 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI00099B |
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PAN No.: [Permanent Account No.] |
AAACJ9917A |
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Legal Form : |
It is a public limited liability company. The company’s shares are
listed on the Stock Exchanges |
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Line of Business
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Manufacturer of Seamless Tubes |
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No. of Employees
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200 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (51) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 24748000 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having fine track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal 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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-20-66024901/ 66024905/ 41434100/ 41434101 |
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Fax No.: |
91-20-26630779 |
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E-Mail : |
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Theybsite : |
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Factory 1: |
MIDC Industrial Area, Ahmednagar – 414111, |
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Tel. No.: |
91-241-2777960/ 2777845/ 2777946 |
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Fax No.: |
91-241-2777363 |
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Factory 2: |
MIDC Industrial Area, Baramati – 413133, |
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Tel. No.: |
91-2112-243861/65 |
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Fax No.: |
91-2112-243873 |
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Factory 3: |
Jejuri – |
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Tel. No.: |
91-2115-253335 |
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Factory 4: |
Structo Hydraulics AB Storfors, Stheydan |
DIRECTORS
As on 31.03.2010
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Name : |
Mr. S C Gupta |
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Designation : |
Chairman |
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Name : |
Mr. A. K. Jain |
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Designation : |
Director |
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Name : |
Mr. J P Sureka |
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Designation : |
Director |
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Name : |
Mr. Gourishankar V |
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Designation : |
Nominee Director (IDBI Nominee From 29.09.2009) |
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Name : |
Mr. K. K. Rai |
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Designation : |
Nominee Director (ICICI Nominee) |
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Name : |
Mr. B R Taneja |
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Designation : |
Director |
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Name : |
Mr. Vinod Sethi |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Mr. Jayan Nair |
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Designation : |
Company Secretary |
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Name : |
Mr. Salil Taneja |
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Designation : |
Chief Executive Officer (From 01.04.2009) |
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Name : |
Mr. Rajiv Goel |
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Designation : |
Chief Financial Officer |
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Name : |
Mr. Nirmal Chandra |
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Designation : |
President (Projects and Product Development) |
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Name : |
Mr. I A K Prakash |
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Designation : |
Chief Operating Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2011
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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(A) Shareholding of Promoter and Promoter Group |
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4,277,259 |
2.92 |
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71,380,000 |
48.72 |
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75,657,259 |
51.64 |
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Total shareholding of Promoter and Promoter Group (A) |
75,657,259 |
51.64 |
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(B) Public Shareholding |
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12,625,191 |
8.62 |
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1,994,748 |
1.36 |
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400 |
- |
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7,223,903 |
4.93 |
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21,844,242 |
14.91 |
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6,251,392 |
4.27 |
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27,818,691 |
18.99 |
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11,030,716 |
7.53 |
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3,899,083 |
2.66 |
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3,899,083 |
2.66 |
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48,999,882 |
33.45 |
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Total Public shareholding (B) |
70,844,124 |
48.36 |
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Total (A)+(B) |
146,501,383 |
100.00 |
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(C) Shares held by Custodians and against which Depository Receipts
have been issued |
- |
- |
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- |
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- |
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- |
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Total (A)+(B)+(C) |
146,501,383 |
100.00 |
(1)
Indian
Individuals
/ Hindu Undivided Family
Individual
shareholders holding nominal share capital up to Rs.0.100 millionBUSINESS DETAILS
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Line of Business : |
Manufacturer of Seamless Tubes |
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Products : |
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PRODUCTION STATUS (As on 31.03.2011)
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Particulars |
Unit |
Installed
Capacity* |
Actual
Production |
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Seamless Hollows and Tubes |
Tones |
465000 |
167187** |
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Components and Spares, plugs and Dies Rolls and Nos. Mandrels |
Nos. |
10000 |
50720*** |
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Cold Rolled Rings |
Nos. |
8000000 |
4021080 |
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Steel Bars |
Tones |
350000 |
254070 |
Licensed capacities are not given, as the respective industries are de-licensed.
* The installed capacities as stated above are certified by the
Management and relied upon by the Auditors.
** Captive consumption for the year 598 Tonnes (Previous Year 1000
Tonnes).
*** For Captive consumption within division.
GENERAL INFORMATION
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Financial Institutions : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
P. G. Bhagwat Chartered Accountant |
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Name : |
J. K. Shah and Company Chartered Accountant |
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Associates: |
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Subsidiaries: |
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CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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17,50,00,000 |
Equity Shares |
Rs.5/- Each |
Rs.875.000 Millions |
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Unclassified Shares |
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Rs. 710.000 Millions |
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Total |
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Rs. 1585.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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14,65,01,383 |
Equity Shares |
Rs.5/- Each |
Rs.732.500 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
732.500 |
732.500 |
732.500 |
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2] Equity Share Warrants |
0.000 |
0.000 |
52.900 |
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3] Reserves & Surplus |
5454.500 |
5061.100 |
4531.100 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
6187.000 |
5793.600 |
5316.500 |
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LOAN FUNDS |
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1] Secured Loans |
8750.800 |
7805.800 |
7936.100 |
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2] Unsecured Loans |
1743.800 |
2189.400 |
2187.800 |
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TOTAL BORROWING |
10494.600 |
9995.200 |
10123.900 |
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DEFERRED TAX LIABILITIES |
752.200 |
416.900 |
152.900 |
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TOTAL |
17433.800 |
16205.700 |
15593.300 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
10898.700 |
6986.600 |
7165.400 |
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Capital work-in-progress |
2214.200 |
4886.100 |
4311.300 |
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INVESTMENT |
499.700 |
357.400 |
264.900 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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Foreign Currency Monetary Item Translation Account |
0.000 |
49.100 |
401.800 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4486.000
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3512.200
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2785.400 |
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Sundry Debtors |
4387.800
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3388.900
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2297.100 |
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Cash & Bank Balances |
677.900
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