|
Report Date : |
08.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANMAR HOLDING LIMITED |
|
|
|
|
Registered
Office : |
No. 9, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.02.1979 |
|
|
|
|
Com. Reg. No.: |
18-007711 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.738
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65993TN1979PLC007711 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in Investment in shares and securities of group companies. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 13000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well
established and reputed company having fine track. Financial position appears
to be sound. However, trade relations 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
No. 9, |
|
Tel. No.: |
91-44-28128722 |
|
Fax No.: |
91-44-28112627 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Narayanan Sankar |
|
Designation : |
Chairman and Director |
|
Address : |
194, |
|
Date of Birth/Age : |
19.11.1945 |
|
Date of Appointment : |
06.10.1980 |
|
DIN No.: |
00007843 |
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 |
U65993TN1979PLC007711 |
SANMAR HOLDINGS
LIMITED |
Director |
06-10-80 |
06-10-80 |
- |
Active |
NO |
|
2 |
L26942TN1946PLC000931 |
THE INDIA
CEMENTS LIMITED |
Director |
15-09-89 |
15-09-89 |
15-09-07 |
Active |
NO |
|
3 |
U65991TN1921NPL001337 |
CHENNAI
WILLINGDON CORPORATE FOUNDATION |
Director |
28-04-91 |
28-04-91 |
- |
Active |
NO |
|
4 |
U29296TN1984PLC011377 |
F.L.SMIDTH
LIMITED |
Director |
10-12-97 |
10-12-97 |
21-07-06 |
Amalgamated |
NO |
|
5 |
U14299TN1996PTC034056 |
FLSMIDTH
MINERALS PRIVATE LIMITED |
Alternate
director |
11-12-97 |
11-12-97 |
18-03-09 |
Amalgamated |
NO |
|
6 |
U91990TN1999NPL042106 |
CHENNAI HERITAGE |
Director |
22-03-99 |
22-03-99 |
- |
Active |
NO |
|
7 |
U73100TN2002NPL050076 |
SHL RESEARCH
FOUNDATION |
Director |
24-02-03 |
24-02-03 |
- |
Active |
NO |
|
8 |
U45202TN1991PTC021010 |
NS FAMILY CONSOLIDATIONS
PRIVATE LIMITED |
Director |
02-05-03 |
02-05-03 |
- |
Active |
NO |
|
9 |
U65991TN1991PTC021007 |
NS FAMILY
INVESTMENTS P LTD |
Director |
02-05-03 |
02-05-03 |
- |
Active |
NO |
|
10 |
U65991TN1990PLC019237 |
SHL SECURITIES
(ALPHA) LIMITED |
Additional
director |
31-10-11 |
01-04-04 |
- |
Active |
NO |
|
11 |
L19201WB1931PLC007261 |
BATA INDIA LTD |
Director |
02-02-05 |
02-02-05 |
28-07-11 |
Active |
NO |
|
12 |
U65991TN1991PTC021532 |
|
Director |
26-05-05 |
26-05-05 |
- |
Active |
NO |
|
13 |
L99999MH1961PLC012003 |
NOCIL LIMITED |
Director |
29-07-05 |
29-07-05 |
- |
Active |
NO |
|
14 |
U74990TN1991PTC021361 |
N K TRADING AND
CONSULTANCY PRIVATE LIMITED |
Director |
06-02-06 |
06-02-06 |
- |
Active |
NO |
|
15 |
U74999TN2005PTC057945 |
V S TRADING AND
CONSULTANCY PRIVATE LIMITED |
Director |
06-02-06 |
06-02-06 |
- |
Active |
NO |
|
16 |
U74999TN2005PTC057947 |
M SANKAR TRADING
AND CONSULTANCY PRIVATE LIMITED |
Director |
06-02-06 |
06-02-06 |
- |
Active |
NO |
|
17 |
U74999TN2005PTC057946 |
C SANKAR TRADING
AND CONSULTANCY PRIVATE LIMITED |
Director |
06-02-06 |
06-02-06 |
- |
Active |
NO |
|
18 |
U74999TN1992PTC022029 |
STARGATE
ENTERPRISES PRIVATE LIMITED |
Director |
03-04-06 |
03-04-06 |
08-12-08 |
Active |
NO |
|
19 |
U26941TN2000PTC044765 |
FLSMIDTH PRIVATE
LIMITED |
Director |
22-08-06 |
22-08-06 |
- |
Active |
NO |
|
20 |
U29199TN2001PLC047307 |
SANMAR
CONSOLIDATIONS LIMITED |
Director |
29-09-11 |
06-06-11 |
- |
Active |
NO |
|
Name : |
Mr. Vijay Sankar |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
26.12.1972 |
|
Date of Appointment : |
11.11.1991 |
|
DIN No.: |
00007875 |
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 |
U65993TN1979PLC007711 |
SANMAR HOLDINGS
LIMITED |
Director |
11-11-91 |
11-11-91 |
- |
Active |
NO |
|
2 |
U74140TN2000PLC044962 |
SILKROUTE
INDCHEM LIMITED |
Director |
18-12-00 |
18-12-00 |
07-06-08 |
Active |
NO |
|
3 |
U29199TN2001PLC047307 |
SANMAR
CONSOLIDATIONS LIMITED |
Director |
29-09-11 |
25-06-01 |
- |
Active |
NO |
|
4 |
U73100TN2002NPL050076 |
SHL RESEARCH
FOUNDATION |
Director |
24-02-03 |
24-02-03 |
- |
Active |
NO |
|
5 |
U65991TN1991PTC021007 |
NS FAMILY
INVESTMENTS P LTD |
Director |
02-05-03 |
02-05-03 |
- |
Active |
NO |
|
6 |
U45202TN1991PTC021010 |
NS FAMILY
CONSOLIDATIONS PRIVATE LIMITED |
Director |
02-05-03 |
02-05-03 |
- |
Active |
NO |
|
7 |
U65991TN1990PLC019237 |
SHL SECURITIES
(ALPHA) LIMITED |
Additional
director |
31-10-11 |
01-04-04 |
- |
Active |
NO |
|
8 |
U85320TN1999NPL041989 |
YOUNG PRESIDENTS
ORGANISATION (CHENNAI CHAPTER) |
Director |
02-07-05 |
02-07-05 |
- |
Active |
NO |
|
9 |
U24231TN2000PTC045797 |
POES GARDEN
PROPERTIES PRIVATE LIMITED |
Director |
06-02-06 |
06-02-06 |
01-10-10 |
Active |
NO |
|
10 |
U74999TN2005PTC057945 |
V S TRADING AND
CONSULTANCY PRIVATE LIMITED |
Director |
06-02-06 |
06-02-06 |
- |
Active |
NO |
|
11 |
U74999TN1992PTC022029 |
STARGATE
ENTERPRISES PRIVATE LIMITED |
Director |
03-04-06 |
03-04-06 |
08-12-08 |
Active |
NO |
|
12 |
L65991TN1941PLC001128 |
THE K C P
LIMITED |
Additional
director |
07-11-11 |
07-11-11 |
- |
Active |
NO |
|
13 |
U91990MH2011NPL225012 |
YPO WPO |
Director |
16-12-11 |
16-12-11 |
- |
Active |
NO |
|
Name : |
Mr. Pappakudi Umashankar Arvind |
|
Designation : |
Director |
|
Address : |
C-1, ‘Srinivas’, New No 8, Bazullah Road, T Nagar, Chennai, tamil
Nadu, India |
|
Date of Birth/Age : |
26.06.1958 |
|
Date of Appointment : |
06.06.2011 |
|
DIN No.: |
00009143 |
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 |
U65991TN1994PLC027843 |
MERCURY
CONSOLIDATIONS LIMITED |
Director |
21-04-95 |
21-04-95 |
- |
Amalgamated |
NO |
|
2 |
U65993TN1995PTC030443 |
STARGATE REALTY
PRIVATE LIMITED |
Director |
10-06-98 |
10-06-98 |
17-07-09 |
Active |
NO |
|
3 |
U32301TN1988PLC016486 |
INDCHEM
COMMUNICATIONS LIMITED |
Director |
30-12-98 |
30-12-98 |
- |
Active |
NO |
|
4 |
U22121TN1991PLC020589 |
KALAMKRIYA
LIMITED |
Director |
09-05-01 |
09-05-01 |
- |
Active |
NO |
|
5 |
U65993TN1996PLC054556 |
VIHANS FINANCE
& HOLDINGS LIMITED |
Director |
24-08-01 |
24-08-01 |
- |
Dissolved |
NO |
|
6 |
U45309TN2001PLC048137 |
MERCURY
INFRASTRUCTURE LIMITED |
Director |
20-12-01 |
20-12-01 |
- |
Amalgamated |
NO |
|
7 |
U24117TN1989PLC018211 |
SANMAR PERFORMANCE
CHEMICALS AND RESEARCH SERVICES LIMITED |
Director |
18-12-03 |
18-12-03 |
- |
Dissolved |
NO |
|
8 |
U51503TN2001PTC047841 |
STARGATE ADAYAR
PROPERTIES PRIVATE LIMITED |
Director |
24-01-06 |
24-01-06 |
08-12-08 |
Active |
NO |
|
9 |
U24119TN2002PLC048677 |
SANMAR GROUP
INTERNATIONAL LIMITED |
Director |
18-10-06 |
18-10-06 |
- |
Active |
NO |
|
10 |
U45201TN1999PLC043396 |
SHL PROPERTY
HOLDINGS LIMITED |
Director |
03-08-07 |
30-12-06 |
07-11-08 |
Active |
NO |
|
11 |
U51311TN2007PLC062284 |
SHL TRADING
LIMITED |
Director |
03-08-07 |
07-02-07 |
- |
Active |
NO |
|
12 |
U63090TN1994PLC028616 |
SANMAR SHIPPING
LIMITED |
Director |
16-09-08 |
31-03-08 |
- |
Active |
NO |
|
13 |
U74999TN1992PTC022029 |
STARGATE ENTERPRISES
PRIVATE LIMITED |
Additional
director |
08-12-08 |
08-12-08 |
20-07-09 |
Active |
NO |
|
14 |
U33112MH2009PTC198023 |
|
Additional
director |
22-09-09 |
22-09-09 |
11-10-09 |
Amalgamated |
NO |
|
15 |
U65991TN1990PLC019237 |
SHL SECURITIES
(ALPHA) LIMITED |
Additional
director |
02-04-12 |
15-03-11 |
10-04-12 |
Active |
NO |
|
16 |
U74210TN1996PLC034870 |
SANMAR
ENGINEERING TECHNOLOGIES LIMITED |
Director |
26-09-11 |
30-04-11 |
- |
Active |
NO |
|
17 |
U65993TN1979PLC007711 |
SANMAR HOLDINGS
LIMITED |
Director |
30-09-11 |
06-06-11 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Pappakudi Umashankar Arvind |
|
Designation : |
Secretary |
|
Address : |
C-1, ‘Srinivas’, New No 8, Bazullah Road, T Nagar, Chennai, tamil
Nadu, India |
|
Date of Birth/Age : |
26.06.1958 |
|
Date of Appointment : |
06.06.2011 |
|
|
00009143 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Equity Shareholders |
|
No. of Shares |
|
SHL Securities (Alpha) Limited |
|
9994 |
|
Narayanan Sankar, C/o SHL Securities (Alpha) Limited |
|
1 |
|
Pappakudi Umashankar Arvind, C/o SHL Securities (Alpha) Limited |
|
1 |
|
|
|
1 |
|
M Raman, C/o SHL Securities (Alpha) Limited |
|
1 |
|
|
|
1 |
|
Vijay Sankar, C/o SHL Securities (Alpha) Limited |
|
1 |
|
Total |
|
10000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Narayanan Sankar |
|
2060000 |
|
Vijay Sankar |
|
510000 |
|
Total |
|
2570000 |
As on 30.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in Investment in shares and securities of group companies. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Grindlays Bank
p.l.c. 19, Rajaji Salai,
Chennai – 600001, Tamil |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
|
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Holding Company: |
SHL Securities
(Alpha) Limited U65991TN1990PLC019237 |
|
|
|
|
Associates/Subsidiaries : |
L24230TN1985PLC011637
U32301TN1988PLC016486
U24119TN2002PLC048677
U24299TN1982PLC009443
|
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/- each |
Rs. 1.500 Millions |
|
2570000 |
7% Cumulative Redeemable Preference Shares |
Rs.3.40/- each |
Rs. 8.738 Millions |
|
|
Total |
|
Rs. 10.238
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000
Millions |
|
2570000 |
7% Cumulative Redeemable Preference Shares |
Rs.3.40/- each |
Rs. 8.738 Millions |
|
|
Total |
|
Rs. 9.738 Millions |
NOTE:
(a) Of the above:
i)
Number of Equity shares
issued and allotted as fully paid up by way of bonus shares by capitalization
of Reserves.
ii)
Number of Equity shares held
by SHL Securities (Allpha) Limited, the holding company and its nominees.
iii)
Number of Preference
share issued and share issued and allotted as fully paid without payment being
received in cash.
(b) The Preference shares are redeemable at
par at any time before 31.03.2015.
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 |
9.738 |
9.738 |
9.738 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3363.290 |
3185.488 |
3368.587 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3373.028 |
3195.226 |
3378.325 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
1500.000 |
1500.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
1500.000 |
1500.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3373.028 |
4695.226 |
4878.325 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.048 |
0.016 |
0.047 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3134.476 |
4892.901 |
3780.644 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
65.391
|
19.575 |
1098.720 |
|
|
Other Current Assets |
332.097
|
0.000 |
0.136 |
|
|
Loans & Advances |
4.007
|
3.850 |
1.897 |
|
Total
Current Assets |
401.495
|
23.425 |
1100.753 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1.446
|
1.008 |
2.001 |
|
|
Other Current Liabilities |
161.545
|
232.186 |
16.568 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
162.991
|
233.194 |
18.569 |
|
|
Net Current Assets |
238.504
|
(209.769) |
1082.184 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
12.078 |
15.450 |
|
|
|
|
|
|
|
|
TOTAL |
3373.028 |
4695.226 |
4878.325 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from long term Investments (non trade) |
|
|
|
|
|
|
- Dividends |
392.054 |
0.000 |
8.620 |
|
|
|
- Share of income from Partnership
firm |
2.094 |
11.867 |
24.677 |
|
|
|
Interest on bank deposits |
0.000 |
1.632 |
1.177 |
|
|
|
Interest on Income Tax refund |
0.022 |
0.081 |
0.058 |
|
|
|
Profit on sale of fixed asset |
0.000 |
0.000 |
0.003 |
|
|
|
Recovery of bad debts |
0.000 |
0.000 |
0.207 |
|
|
|
Miscellaneous Income |
0.000 |
0.000 |
0.481 |
|
|
|
TOTAL (A) |
394.170 |
13.580 |
35.223 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
0.963 |
0.660 |
2.082 |
|
|
|
TOTAL (B) |
0.963 |
0.660 |
2.082 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
393.207 |
12.920 |
33.141 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
213.238 |
195.988 |
129.262 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ LOSS BEFORE TAX, DEPRECIATION AND
AMORTISATION (C-D) (E) |
179.969 |
(183.068) |
(96.121) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.027 |
0.031 |
0.031 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
LOSS BEFORE TAX (E-F) (G) |
179.942 |
(183.099) |
(96.152) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
LOSS AFTER TAX (G-H) (I) |
179.942 |
(183.099) |
(96.152) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
685.835 |
868.934 |
965.086 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Preference Dividend |
1.835 |
0.000 |
0.000 |
|
|
|
Preference Dividend paid |
0.305 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
863.637 |
685.835 |
868.934 |
|
|
|
|
|
|
|
|
|
|
Earnings /
loss Per Share (Rs.) |
17,780 |
(18,310) |
(9,615) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
45.65
|
1348.30 |
(272.98) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
44.81
|
(781.11) |
(8.73) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
(0.04) |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.05
|
0.54 |
0.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.46
|
0.10 |
59.28 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
--------- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
------------ |
|
Litigations that the firm/ Promoters Involved in |
------------ |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
------------- |
|
Buyer visit details |
------------ |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
Corporate Results:
The operations for the year resulted in a
profit of Rs. 179.942 Millions. Preference dividend of Rs. 1.835 Millions on 2570000
Preference shares for the financial years 2008-2009, 2009-2010 and 2010-2011
has been paid in March 2011. In view of the need to conserve resources for
business purpose, the Directors do not recommend payment of dividend on equity
share for the year 2010-2011.
After considering preference dividend as set
out above, tax on preference dividend of Rs. 0.305 Millions and taking into
account the brought forward profit of Rs. 685.835 Millions profit of Rs.
863.637 is carried to next year’s account.
Bankers Charges
Report as per Registry
|
Name of the company |
SANMAR HOLDINGS
LIMITED |
|
Presented
By |
MR T V
PADMANABHAN, DIRECTOR |
|
1) Date and description of instrument creating the change |
There is no instrument
creating the charge. The charge created by deposit of title deeds (Equitable
mortgage) relating to the property owned by the company. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs 22.500
Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Equitable
Mortgage by deposit of Title Deeds over building situated at 8, Cathedral
road, Chennai – 600086 |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest at the
rate of 16.5% per annum. |
|
5) Name and Address and description of the person entitled to the charge. |
Grindlays Bank
p.l.c. 19, Rajaji Salai,
|
|
6) Date and brief description of instrument modifying the charge |
NA |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NA |
FIXED ASSETS:
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. 55.14 |
|
|
1 |
Rs. 85.22 |
|
Euro |
1 |
Rs. 69.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
ACH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
54 |
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.