MIRA
INFORM REPORT
|
Report Date : |
09.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
LUMINOUS POWER TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SAR SILICON SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
C-8 and C-9, Community Centre, New Delhi-110058 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.06.1988 |
|
|
|
|
Com. Reg. No.: |
55-032019 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 618.785 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1988PTC032019 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS04188C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACS3561K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Solar Invertors, Power Invertors, Power Conditioning
Products, etc. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 11000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having fine track.
Financials position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are
reported to be regular 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered/ Corporate Office : |
C-8 and C-9, Community Centre, New Delhi-110058, |
|
Tel. No.: |
91-11- 40778222/ 221/ 25558911/ 25558913-30 91-11-45500700 (Customer Care) |
|
Fax No.: |
91-11-25558912 |
|
E-Mail : |
surindra.khanna@luminousindia.com Global
Business Division E-mail: shayan.mukherjee@luminousindia.com Corporate
or Institutional Sales E-mail: ram.tiwari@luminousindia.com Finance E-mail: ranjeev.kapoor@luminousindia.com HR E-mail: kundan.varma@luminousindia.com Marketing E-mail: sridip.banerjee@luminousindia.com For
Trade Enquiry of Higher Capacity Inverters E-mail: ram.tiwari@luminousindia.com For Trade Enquiry of Online UPS E-mail: manish.anand@luminousindia.com For
Trade Enquiry of Line Interactive UPS E-mail: manish.anhal@luminousindia.com |
|
Website : |
|
|
Area : |
3000 sq. ft. (Approximately) |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Lead Acid
Battery /Tubular Unit - I
Village-Ramnagar, P.O. Gagret, Tehsil-Amb,
District-Una, |
|
Tel. No.: |
|
|
|
|
|
Factory 2 : |
Unit
– II Plot No. 3, 3-A and 4, Industrial Area,
Gagret, Tehsil-Amb, District Una, Baddi, |
|
|
|
|
Factory 3 : |
Unit – III Dev
Nagar, P.O. Gagret, Tehsil-Amb, District – Una, |
|
Tel. No.: |
91-1976-240540 |
|
|
|
|
Factory 4 : |
Power Electronics Village Malpur, P.O. Bhud, Baddi, Tehsil Nalagarh - – 173205, |
|
|
|
|
Factory 5 : |
Mobile 191-C, Industrial Area HPSIDC, Baddi, District Solan – 173 205, |
|
|
|
|
Factory 6 : |
Line Interactive
and Online UPS Systems Lang Ming Power Technologies (Shenzhen) Limited, Building B, Da Ken Long Industrial Park, Da Bu Xiang
Residential Area, Guanlan, Bao’an District, Shenzen City, Guangdong Province,
PRC Post Code: 51810 |
|
|
|
|
Branch Office : |
Located at: ·
Kapurthala
( ·
·
Jaipur ·
·
Guwahati ·
·
·
Dehradun ·
Sonepat ·
Jind (Haryana) ·
Gurgaon ·
Pune ·
Ahmedabad ·
·
·
·
·
·
·
Kolkatta ·
|
DIRECTORS
AS ON 28.05.2011
|
Name : |
Mr. Rakesh Malhotra |
|
Designation : |
Director |
|
Address : |
D-4/32, DLF Phase -1, Gurgaon-122002, |
|
Date of Birth/Age : |
09.06.1962 |
|
Qualification : |
B. Electronics |
|
Date of Appointment : |
28.03.2001 |
|
DIN No.: |
00322648 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1988PTC032019 |
LUMINOUS
POWER TECHNOLOGIES PRIVATE LIMITED |
Director |
30-05-11 |
28-03-01 |
- |
Active |
NO |
|
2 |
U72100DL1997PTC089522 |
LETS
ENGINEERING AND TECHNOLOGY SERVICES PRIVATE LIMITED |
Director |
30-09-03 |
30-09-03 |
28-11-11 |
Active |
NO |
|
3 |
U74899DL1991PTC045438 |
SAVOIR
FAIRE SERVICES PRIVATE LIMITED |
Director |
28-12-06 |
28-12-06 |
- |
Active |
NO |
|
4 |
U51103DL2007PLC162453 |
LECTRIX
MOTORS LIMITED |
Director |
23-04-07 |
23-04-07 |
- |
Active |
NO |
|
5 |
U32204DL2008PLC177383 |
LUMINOUS
TELEINFRA LIMITED. |
Director |
29-04-08 |
29-04-08 |
12-08-11 |
Active |
NO |
|
6 |
U45200DL2008PTC178058 |
TELENERGY
TECHNOLOGIES PRIVATE LIMITED |
Director |
13-05-08 |
13-05-08 |
- |
Active |
NO |
|
7 |
U74999HR2009PTC043460 |
LTI
VAPEL POWER SUPPLY PRIVATE LIMITED |
Director |
17-07-09 |
17-07-09 |
28-02-11 |
Active |
NO |
|
8 |
U74900DL2009PTC196480 |
NCUBATE
LOGISTIC AND WAREHOUSING PRIVATE LIMITED |
Director |
01-12-09 |
01-12-09 |
- |
Active |
NO |
|
9 |
U64200DL2010PTC198278 |
WORLD
ONE SOLUTIONS PRIVATE LIMITED |
Director |
21-01-10 |
21-01-10 |
12-05-10 |
Active |
NO |
|
10 |
U67190DL2010PTC201906 |
DOO
HOLDINGS PRIVATE LIMITED |
Director |
23-04-10 |
23-04-10 |
- |
Active |
NO |
|
11 |
U74900DL2011PTC219688 |
LUMINOUS
MOBILE ACCESSORIES PRIVATE LIMITED |
Director |
23-05-11 |
23-05-11 |
- |
Active |
NO |
|
12 |
U41000DL2011PTC219758 |
LUMINOUS
WATER TECHNOLOGIES PRIVATE LIMITED |
Director |
24-05-11 |
24-05-11 |
- |
Active |
NO |
|
13 |
U74120DL2011PTC222033 |
WYNNCOM
DIGITAL DEVICES PRIVATE LIMITED |
Director |
06-07-11 |
06-07-11 |
- |
Active |
NO |
|
14 |
U64204DL2011PTC222032 |
FLY
MOBILES PRIVATE LIMITED |
Director |
06-07-11 |
06-07-11 |
- |
Active |
NO |
|
15 |
U93000DL2011PTC222104 |
NCUBATE
INDIA SERVICES PRIVATE LIMITED |
Director |
08-07-11 |
08-07-11 |
- |
Active |
NO |
|
16 |
U74900DL2011PTC229081 |
NAVITAS
GREEN POWER PRIVATE LIMITED |
Director |
21-12-11 |
21-12-11 |
- |
Active |
NO |
|
Name : |
Mr. Navneet Kapoor |
|
Designation : |
Director |
|
Address : |
B-311, Panchawati Apartments, Vikas Puri, New Delhi-110018, |
|
Date of Birth/Age : |
05.10.1970 |
|
Qualification : |
B.E. (Electronics) |
|
Date of Appointment : |
09.06.2007 |
|
DIN No.: |
00034357 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U72200DL1992PTC048438 |
LUMINIOUS
ELECTRONICS PRIVATE LIMITED |
Managing
director |
23-04-92 |
23-04-92 |
- |
Amalgamated |
NO |
|
2 |
U74899DL2000PLC105629 |
NOQSERVICE
COM LIMITED |
Director |
10-05-00 |
10-05-00 |
- |
Active |
NO |
|
3 |
U31104UP2006PLC032149 |
HYUNDAI
POWER PRODUCTS LIMITED |
Director |
12-08-11 |
14-07-06 |
- |
Active |
NO |
|
4 |
U72100DL1997PTC089522 |
LETS
ENGINEERING AND TECHNOLOGY SERVICES PRIVATE LIMITED |
Director |
16-11-06 |
16-11-06 |
28-11-11 |
Active |
NO |
|
5 |
U74899DL1988PTC032019 |
LUMINOUS
POWER TECHNOLOGIES PRIVATE LIMITED |
Director |
30-05-11 |
09-07-07 |
- |
Active |
NO |
|
6 |
U32204DL2008PLC177383 |
LUMINOUS
TELEINFRA LIMITED. |
Director |
29-04-08 |
29-04-08 |
- |
Active |
NO |
|
7 |
U74999HR2009PTC043460 |
LTI
VAPEL POWER SUPPLY PRIVATE LIMITED |
Director |
17-07-09 |
17-07-09 |
28-02-11 |
Active |
NO |
|
8 |
U74900DL2009PTC196480 |
NCUBATE
LOGISTIC AND WAREHOUSING PRIVATE LIMITED |
Director |
01-12-09 |
01-12-09 |
- |
Active |
NO |
|
9 |
U74900DL2011PTC219688 |
LUMINOUS
MOBILE ACCESSORIES PRIVATE LIMITED |
Additional
director |
09-08-11 |
09-08-11 |
- |
Active |
NO |
|
10 |
U29307WB2007PTC112358 |
LUMINOUS
RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED |
Additional
director |
24-08-11 |
24-08-11 |
- |
Active |
NO |
|
11 |
U41000DL2011PTC219758 |
LUMINOUS
WATER TECHNOLOGIES PRIVATE LIMITED |
Additional
director |
17-09-11 |
17-09-11 |
- |
Active |
NO |
|
12 |
U64204DL2011PTC222032 |
FLY
MOBILES PRIVATE LIMITED |
Additional
director |
10-10-11 |
10-10-11 |
- |
Active |
NO |
|
13 |
U74120DL2011PTC222033 |
WYNNCOM
DIGITAL DEVICES PRIVATE LIMITED |
Additional
director |
10-10-11 |
10-10-11 |
- |
Active |
NO |
|
14 |
U93000DL2011PTC222104 |
NCUBATE
INDIA SERVICES PRIVATE LIMITED |
Additional
director |
10-10-11 |
10-10-11 |
- |
Active |
NO |
|
15 |
U74900DL2011PTC229081 |
NAVITAS
GREEN POWER PRIVATE LIMITED |
Director |
21-12-11 |
21-12-11 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. S. Balachandran |
|
Designation : |
Secretary |
|
Address : |
A-8, New Friends Colony, New Delhi-110025, India |
|
Date of Birth/Age : |
14.07.1956 |
|
Date of Appointment : |
06.02.2009 |
|
PAN No.: |
APSPS2821J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.05.2011
|
Names of Shareholders |
No. of Shares |
|
Rakesh Malhotra |
5474000 |
|
Navneet Kapoor |
175224 |
|
Sunil Bhalla |
120862 |
|
SAR Capital Private Limited, |
3910000 |
|
Madan Lal Malhotra |
7980 |
|
Nirupama Malhotra |
1501400 |
|
Luminous Power Technologies Employees Welfare |
119000 |
|
Om Parkash Kapoor |
560000 |
|
Sita Devi Malhotra Charitable Trust, India |
330000 |
|
Bright Star I Limited, Mauritius |
1184318 |
|
Bright Star II Limited, Mauritius |
35528 |
|
Total |
13418312 |
AS ON 28.05.2011
|
Names of
Shareholders (Preference Shares) |
No.
of Shares |
|
Bright Star I Limited, |
80388 |
|
Bright Star II Limited, |
2412 |
|
Total |
82800 |
AS ON 28.05.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
38.23 |
|
Directors or relatives of Directors |
58.42 |
|
Other top fifty shareholders |
3.35 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Solar Invertors, Power Invertors, Power Conditioning
Products, etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand : |
“Luminous” |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Inverter/ UPS/RO |
Nos. |
8700000 |
5580000 |
1347702 |
|
Battery |
Nos. |
5640000 |
5640000 |
1096919 |
|
Mobile handset
battery |
Nos. |
24000000 |
24000000 |
754324 |
|
Mobile handset
charger |
Nos. |
60000000 |
60000000 |
71531 |
GENERAL INFORMATION
|
Customers : |
INDIAN
CORPORATIONS ·
TATA Steel ·
ESCORTS ·
TELCO TELECOMMUNICATION
COMPANIES MTNL ·
BSNL ·
Bharti Airtel ·
Reliance BANKING AND
FINANCE COMPANIES ·
Reserve Bank of ·
American Express ·
Citi Bank IT AND SOFTWARE
COMPANIES ·
IBM ·
Wipro ·
HCL Info Systems ·
Tata Consultancy Services GOVERNMENT
ORGANISATIONS ·
Directrorate of Income Tax ·
Department of Telecommunications ·
PRESS AND MEDIA
COMPANIES ·
Prasar Bharti ·
Times of ·
The Pioneer HOTELS AND
AIRLINES ·
The Oberoi ·
Hyatt Regency ·
ITC Welcom Group of Hotels MULTI-NATIONAL
CORPORATIONS ·
GE ·
CocaCola ·
Phillips MEDICAL AND
DIAGNOSTIC ·
Escorts Heart ·
National Heart and Lung Institute ·
MRI Scan Centre ENGINEERING AND
PROJECTS ·
·
Power Grid Corporation of ·
National Hydro Power Corporation |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
300 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri,
Baroda-390015, Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company Chartered Accountants |
|
Address : |
L 41, Connaught Circus, New Delhi-110 001, |
|
Tel. No.: |
91-11-42787070 |
|
Fax No.: |
91-11-42787071 |
|
Pan No.: |
AAAFW4298E |
|
|
|
|
Holding Company : |
SAR Capital
Private Limited (Till February 2, 2011) CIN No.:
U65910DL2003PTC119314 |
|
|
|
|
Subsidiaries : |
LABH Holding Pte
Limited CIN No.:
U67120WB1992PTC054920 Luminous Power
Technologies (HK) Limited CIN No.:
U29307WB2007PTC112358 Hyundai Power
Products Limited CIN No.:
U31104UP2006PLC032149 Tritronics
(India) Private Limited CIN No.:
U74899DL1993PTC054419 Luminous
Teleinfra Limited (Became subsidiary w.e.f. November 3, 2010)* CIN No.:
U32204DL2008PLC177383 ·
Luminous Renewable Energy Systems Private Limited
(Formerly known as UD Energy Systems Private Limited) ·
Lang Ming Power Technologies (Shenzen) Limited |
|
|
|
|
Parties where significant influence is exercised
by key management personnel and/or his relatives : |
SAR Adventure
Tourism and Holiday Private Limited CIN No.:
U55101DL1998PTC095486 Luminous
Engineering and Technology Services Private Limited CIN No.:
U72100DL1997PTC089522 Lectrix Motors
Limited CIN No.:
U51103DL2007PLC162453 NoQ Services.com
Limited CIN No.:
U74899DL2000PLC105629 Radiant Power
Systems Private Limited CIN No.:
U74899DL1994PTC061494 Watt Mart Power
Stores Private Limited CIN No.:
U74899DL1991PTC045297 Savior Fair
Service Private Limited CIN No.:
U74899DL1991PTC045438 Sar Global
Private Limited CIN No.:
U51311DL1997PTC089764 ·
Wynn Telecom Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
19000000 |
Equity Shares |
Rs.10/- each |
Rs. 190.000 Millions |
|
850000 |
Preference Shares |
Rs.600/- each |
Rs. 510.000 Millions |
|
|
Total |
|
Rs. 700.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12198466 |
Equity Shares |
Rs.10/- each |
Rs. 121.985
Millions |
|
828000 |
Compulsorily Fully Convertible Cumulative
Participatory Preference Shares |
Rs.600/-
each |
Rs. 496.800
Millions |
|
|
Total |
|
Rs. 618.785 Millions |
AS ON 28.05.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
19000000 |
Equity Shares |
Rs.10/- each |
Rs. 190.000 Millions |
|
850000 |
Preference Shares |
Rs.600/- each |
Rs. 510.000 Millions |
|
|
Total |
|
Rs. 700.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
13418312 |
Equity Shares |
Rs.10/- each |
Rs. 134.183
Millions |
|
82800 |
Compulsorily Fully Convertible Cumulative
Participatory Preference Shares |
Rs.600/-
each |
Rs. 49.680
Millions |
|
|
Total |
|
Rs. 183.863 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
618.785 |
618.785 |
618.785 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2176.817 |
1590.273 |
1186.656 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2795.602 |
2209.058 |
1805.441 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2030.796 |
601.154 |
599.942 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
2030.796 |
601.154 |
599.942 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4826.398 |
2810.212 |
2405.383 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
814.232 |
632.519 |
386.041 |
|
|
Capital work-in-progress |
23.855 |
62.367 |
78.322 |
|
|
|
|
|
|
|
|
INVESTMENT |
607.145 |
204.076 |
72.282 |
|
|
DEFERREX TAX ASSETS |
60.300 |
57.969 |
26.042 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1536.416
|
928.458 |
731.159
|
|
|
Sundry Debtors |
3448.947
|
1540.711 |
1594.987
|
|
|
Cash & Bank Balances |
401.214
|
349.111 |
157.091
|
|
|
Other Current Assets |
2.012
|
2.821 |
4.527
|
|
|
Loans & Advances |
790.952
|
679.980 |
339.729
|
|
Total
Current Assets |
6179.541
|
3501.081 |
2827.493 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2002.718
|
1057.475 |
605.987
|
|
|
Other Current Liabilities |
441.932
|
250.233 |
166.623
|
|
|
Provisions |
414.025
|
340.092 |
212.187
|
|
Total
Current Liabilities |
2858.675
|
1647.800 |
984.797 |
|
|
Net Current Assets |
3320.866
|
1853.281 |
1842.696
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4826.398 |
2810.212 |
2405.383 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
6504.700 |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
10301.100 |
6504.700 |
4866.623 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
7174.600 |
4378.100 |
|
|
|
|
Personal Expenses |
579.000 |
395.700 |
|
|
|
|
Manufacturing Expenses |
271.900 |
185.500 |
|
|
|
|
Selling, General and Administrative Expenses |
1123.600 |
871.900 |
|
|
|
|
TOTAL |
9149.100 |
5831.200 |
4812.569 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1152.000 |
673.500 |
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
192.300 |
85.500 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
959.700 |
588.000 |
|
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
105.200 |
67.600 |
54.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
854.200 |
520.200 |
391.937 |
|
|
|
|
|
|
|
|
|
|
TAX |
83.900 |
(29.100) |
(13.690) |
|
|
|
|
|
|
|
|
|
|
Prior Period
Expenses |
0.300 |
0.600 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
770.000 |
548.700 |
405.880 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1232.200 |
883.300 |
NA |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
77.000 |
54.800 |
NA |
|
|
|
Dividend |
183.500 |
145.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
1741.700 |
1232.200 |
NA |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
NA |
345.471 |
453.576 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
790.528 |
558.022 |
|
|
|
Capital Equipment |
NA |
94.208 |
28.171 |
|
|
TOTAL IMPORTS |
NA |
884.736 |
586.193 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
|
|
|
|
|
|
- Basic |
61.16 |
43.00 |
31.29 |
|
|
|
- Diluted |
56.82 |
37.54 |
27.76 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.47
|
8.44 |
8.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.11
|
12.41 |
12.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.24 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.75
|
1.02 |
0.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.16
|
2.12 |
2.87 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered office of the company has been shifted from WZ-106/101
SAR House, Rajouri Garden, New Delhi-110027, India to present address w.e.f.
01.10.2007
BACKGROUND
The Company was
incorporated as a company in India on June 10, 1988.
The Company is
engaged in the manufacturing of inverters, batteries and Un-interrupted Power
Supply (UPS) equipments and is also engaged in the trading of a range of
electronics goods including inverters, batteries, UPS manufactured by other
entities. Manufacturing locations of the Company are located in Himachal
Pradesh and at present are under exemption from excise duty and income tax.
BUSINESS
PERFORMANCE
In the year
(2010-11) the company has reported a 58% growth in turnover from Rs. 6500.000
millions in the financial year 09-10 to Rs. 10300.000 millions in the current
financial year, and similarly a PAT of Rs. 770.000 millions as compared to a
PAT of Rs. 548.700 millions in the Previous Year.
GROWTH PLANS
The Company has
established the “Luminous” brand in a big way and is a market leader in its
segment. The Company has made great inroads into the markets in the States of
Uttar Pradesh, Maharashtra and West Bengal. The Company’s brand presence has
also improved in the Southern States. In the coming year, the profitability may
improve further barring fluctuations in oil, commodities and metal prices.
Efforts are on for achieving a greater market share, In spite minor constraints
in the field of increase in the costs of inputs and manpower costs, the Company
sees a bright growth in future in the coming years.
CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Custom duty
which may arise if obligation for export are not fulfilled |
51.785 |
56.082 |
|
Bills receivable
discounted from banks |
143.067 |
-- |
|
Sales tax cases
pending against the Company |
17.341 |
6.090 |
|
Surety provided
for other entities |
0.500 |
0.500 |
|
Central excise
appeal pending with Commissioner (Appeal) |
23.749 |
22.652 |
|
Income Tax cases
(AY 02-03, 04-05, 05-06, 06-07) |
-- |
29.969 |
|
Corporate
guarantee given to banks for WCDL/Term Loan limits taken by subsidiaries
[Lang Ming Power Technologies (Shenzhen) Company Limited, Tritronics (India)
Private Limited, Luminous Teleinfra Limited, Luminous Renewable Energy
Systems Private Limited]. |
1143.899 |
344.899 |
FORM 8
|
Corporate
identity number of the company |
U74899DL1988PTC032019 |
|
Name of the
company |
LUMINOUS POWER
TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-8 and C-9, Community Centre, New Delhi-110058, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property (not
being pledge) Others |
|
Particular of
charge holder |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri,
Baroda-390015, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of Hypothecation dated 27th December, 2011 |
|
Date of instrument
Creating the charge |
27.12.2011 |
|
Amount secured by
the charge |
Rs. 250.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest I-Base is 10.00% p.a.
and Spread is 1.40% p.a. and effective rate is 11.40% p.a. Terms of repayment 12 Quarterly
installments, first installment being due at the end of 9 quarters from the
date of first drawdown. Margin As mutually
agreed with the bank. Extent and operation of the charge First Pari Passu
Charge on Movable Properties including movable Plant and Machinery, Spares,
Tools and Accessories and other movable both present and future. |
|
Short particulars
of the property charged (Including location of the property) |
First Pari Passu
Charge on Movable Properties including movable Plant and Machinery, Spares,
Tools and Accessories and other movable both present and future. |
FIXED ASSETS:
·
Land
·
·
Leasehold Improvements
·
Computers
·
Furniture and Fixtures
·
Plant and Machinery
·
Vehicles
·
Brand
·
Computer Software
·
Technical Know-how
WEB SITE DETAILS
PROFILE
Subject is a leading global
company delivering high quality power products for home and commercial applications.
The company’s portfolio also includes products and services in telecom
infrastructure and renewable energy systems like solar, wind and hybrid
solutions.
The group businesses include Power Backup, Power Storage,
Distributed Power Generation, Renewable and
Alternate Energy solutions and Physical infrastructure solutions for IT and Telecom, Engineering Design and Support services, Plug-in Hybrid
Electric Vehicles and mobile phones and
accessories. Subject apart
from its dominating position in the domestic market has strong foothold in over
32 countries worldwide. Its Global Technology Centers located in India, United
States and China deliver cutting
edge technology that goes into making every Subject product a class apart from its competitors. Subject follows its proprietary UGC
(Universal Grid Compatibility) process to ensure consistency and very high standards of reliability
of its products across the globe. Subject
has been consistently winning awards and accolades for market leadership and excellent reliability of
its products in domestic as well as international arena. Subject is the proud recipient of
Frost and Sullivan Industry
Technological Leadership Award for market penetration in DC-AC Inverters in Non
Renewable Energy markets in Asia Pacific.
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. 52.78 |
|
|
1 |
Rs. 81.78 |
|
Euro |
1 |
Rs. 67.46 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
66 |
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.