|
Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
STERLING AGRO INDUSTRIES LIMITED (w.e.f. 16.10.2009) |
|
|
|
|
Formerly Known
As : |
STERLING AGRO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11th Floor, Aggarwal Cyber Plaza – II, Netaji Subash Place,
Pitampura, New Delhi – 110034 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
10.10.1991 |
|
|
|
|
Com. Reg. No.: |
11-189775 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 371.678
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01111DL1991PLC189775 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELS24285C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS2278R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ghee, SMP and other Dairy Products |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 9100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track record. Financial position of the company appears to be good. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from January
1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a
119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term: (A) |
|
Rating Explanation |
Adequate degree of safety and carry low
credit risk. |
|
Date |
13.08.2013 |
|
Rating Agency Name |
CRISIL |
|
Short Term Rating |
Short term: (A1) |
|
Rating Explanation |
Strong degree of safety and carry lowest
credit risk. |
|
Date |
13.08.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
11th Floor, Aggarwal Cyber Plaza – II, Netaji Subash Place,
Pitampura, New Delhi – 110034, India |
|
Tel. No.: |
91-11-47008000 |
|
Fax No.: |
91-11-47008010/ 47050504 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
Q5-Q6, Ghirongi Industrial Area Malanpur, District. Bhind – 477116,
Madhya Pradesh, India |
|
Tel. No.: |
91-7539-403400/401 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Kuldeep Saluja |
|
Designation : |
Managing Director |
|
Address : |
S-329, Greater Kailash Part-II, |
|
Date of Birth/Age : |
10.06.1952 |
|
Qualification : |
Undergraduate |
|
Experience : |
36 years |
|
Date of Appointment : |
07.10.1994 |
|
DIN No.: |
00289187 |
|
|
|
|
Name : |
Ms. Laxmi Narain Kesarwani |
|
Designation : |
Director (Marketing) |
|
Address : |
ND-69, Visakha Enclave, Pitampura, |
|
Date of Birth/Age : |
19.07.1949 |
|
Qualification : |
Undergraduate |
|
Experience : |
38 years |
|
Date of Appointment : |
07.10.1999 |
|
DIN No.: |
00288852 |
|
|
|
|
Name : |
Mr. Ravin Saluja |
|
Designation : |
Director |
|
Address : |
S-329, Greater Kailash Part-II, |
|
Date of Birth/Age : |
29.04.1978 |
|
Qualification : |
Graduate |
|
Experience : |
12 years |
|
Date of Appointment : |
10.07.199 |
|
DIN No.: |
00289305 |
|
|
|
|
Name : |
Mr. Vivek Kesarwani |
|
Designation : |
Director |
|
Address : |
ND-69, Visakha Enclave, Pitampura, |
|
Date of Birth/Age : |
13.02.1978 |
|
Qualification : |
Graduate |
|
Experience : |
12 years |
|
Date of Appointment : |
10.07.1999 |
|
DIN No.: |
00137920 |
|
|
|
|
Name : |
Ms. Vimal Kishore Agarwal |
|
Designation : |
Director |
|
Address : |
M-6, Gandhi Nagar, Gwalior – 250576, MadhyaPradesh, India |
|
Date of Birth/Age : |
02.02.1962 |
|
Date of Appointment : |
01.07.2000 |
|
DIN No.: |
01376085 |
|
|
|
|
Name : |
Mr. Sharad Saluja |
|
Designation : |
Director |
|
Address : |
S-329, Greater Kailash Part-II, |
|
Date of Birth/Age : |
10.02.1985 |
|
Date of Appointment : |
10.07.1999 |
|
DIN No.: |
01516294 |
|
|
|
|
Name : |
Mr. Raj Jaggi |
|
Designation : |
Director |
|
Address : |
H-501 |
|
Date of Appointment : |
01.03.2010 |
|
DIN No.: |
03017408 |
|
|
|
|
Name : |
Mr. Peri Kameswara Sharma |
|
Designation : |
Director |
|
Address : |
223, Hauz Khus apts SFS Sri Auroboindo Marg, New Delhi – 110016, India
|
|
Date of Birth/Age : |
20.08.1950 |
|
Date of Appointment : |
03.02.2011 |
|
DIN No.: |
02316593 |
|
|
|
|
Name : |
Mr. Ramesh Chander Mahajan |
|
Designation : |
Director |
|
Address : |
D-219 FF Saket, |
|
Date of Birth/Age : |
25.09.1945 |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
00152225 |
|
|
|
|
Name : |
Mr. Pratik Gupta |
|
Designation : |
Director |
|
Address : |
409 Katra Maidgran Khari Baoli, |
|
Date of Birth/Age : |
02.09.1984 |
|
Date of Appointment : |
02.01.2009 |
|
DIN No.: |
02506579 |
|
|
|
|
Name : |
Mr. Sunil Raman Sapra |
|
Designation : |
Director |
|
Address : |
A/22/502, Happy Valley Homes, Near Tikkuji Niwadi, Manpada – 400607,
Thane, Maharashtra, India |
|
Date of Birth/Age : |
15.09.1973 |
|
Date of Appointment : |
01.11.2012 |
|
DIN No.: |
06409738 |
|
|
|
|
Name : |
Mr. Paramjeet Singh Khamba |
|
Designation : |
Director |
|
Address : |
V-29, Vijaya Nagar, Gwalior – 474011, Madhya Pradesh, India |
|
Date of Birth/Age : |
26.01.1966 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
05339940 |
KEY EXECUTIVES
|
Name : |
Mr. Luv Kumar Malhotra |
|
Designation : |
Secretary |
|
Address : |
A-4C /160. Janakpuri, |
|
Date of Birth/Age : |
07.05.1986 |
|
Date of Appointment : |
16.08.2011 |
|
PAN No.: |
AXLPM9464E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kuldeep Saluja |
|
17048875 |
|
Raman Saluja |
|
1525000 |
|
Laxmi Narain Kesarwani HUF |
|
650000 |
|
Laxmi Narain Kesarwani |
|
14878875 |
|
Sangeeta Kesarwani |
|
5000 |
|
Pallavi Saluja |
|
5000 |
|
Kesarwani Anju |
|
5000 |
|
Vivek Kesarwani |
|
3045000 |
|
Amrita Saluja |
|
5000 |
|
|
|
|
|
Total |
|
37167750 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ghee, SMP and other Dairy Products |
||||||||||
|
|
|
||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, Delhi, India · ICICI Bank Limited, Landmark race Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Finance Institutions: |
U. P. Financial Corporation, 14/88, Civil Lines, Kanpur - 208001, Uttar Pradesh, India |
|
|
|
|
Auditors : |
|
|
Name : |
S K Sehra and Company Chartered Accountants |
|
Address : |
Flat 104 1st Floor, and Community Centre Naraina, |
|
Tel. No.: |
91-11-41410088 |
|
Fax No.: |
91-11-41110022 |
|
E-Mail : |
|
|
PAN No.: |
AABFS5617E |
|
|
|
|
Subsidiaries : |
·
Sterling Energytech Private Limited |
|
|
|
|
Company in which key management personnel have control : |
·
Acme Resources Limited ·
Ojas Suppliers Limited |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs. 1000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37167750 |
Equity Shares |
Rs.10/- each |
Rs. 371.678
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
371.678 |
347.739 |
347.739 |
|
(b) Reserves & Surplus |
1905.333 |
1443.698 |
1061.547 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.0000 |
|
Total Shareholders’ Funds (1) + (2) |
2277.011 |
1791.437 |
1409.286 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
1461.226 |
1764.773 |
1004.518 |
|
(b) Deferred tax liabilities (Net) |
419.183 |
320.552 |
151.480 |
|
(c) Other long
term liabilities |
0.345 |
0.000 |
0.000 |
|
(d) long-term
provisions |
8.896 |
6.047 |
3.720 |
|
Total Non-current
Liabilities (3) |
1889.650 |
2091.372 |
1159.718 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1273.408 |
1180.450 |
939.711 |
|
(b)
Trade payables |
418.706 |
55.708 |
186.001 |
|
(c)
Other current liabilities |
499.052 |
405.387 |
275.836 |
|
(d) Short-term
provisions |
32.480 |
12.984 |
1.409 |
|
Total Current
Liabilities (4) |
2223.646 |
1654.529 |
1402.957 |
|
|
|
|
|
|
TOTAL |
6390.307 |
5537.338 |
3971.961 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2591.479 |
2613.457 |
1677.949 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
13.914 |
309.994 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.201 |
3.701 |
3.601 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
211.703 |
169.292 |
171.869 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2804.383 |
2800.364 |
2163.413 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
1.500 |
100.500 |
|
(b)
Inventories |
1326.688 |
993.111 |
701.710 |
|
(c)
Trade receivables |
1500.399 |
1113.091 |
823.030 |
|
(d) Cash
and cash equivalents |
447.168 |
502.141 |
20.234 |
|
(e)
Short-term loans and advances |
288.340 |
112.908 |
147.517 |
|
(f)
Other current assets |
23.329 |
14.223 |
15.557 |
|
Total
Current Assets |
3585.924 |
2736.974 |
1808.548 |
|
|
|
|
|
|
TOTAL |
6390.307 |
5537.338 |
3971.961 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12230.258 |
12652.012 |
9212.899 |
|
|
|
Other Income |
94.415 |
23.113 |
74.528 |
|
|
|
TOTAL (A) |
12324.673 |
12675.125 |
9287.427 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
9670.976 |
10654.148 |
6961.428 |
|
|
|
Purchases of stock-in-trade |
193.757 |
63.698 |
59.715 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(115.715) |
(253.736) |
959.078 |
|
|
|
Employee benefit expense |
90.718 |
73..403 |
55.149 |
|
|
|
Other expenses |
1274.108 |
1112.866 |
832.239 |
|
|
|
TOTAL (B) |
11113.844 |
11650.379 |
8867.609 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1210.829 |
1024.746 |
419.818 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
244.422 |
190.027 |
100.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
966.407 |
834.719 |
319.764 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
418.427 |
282.015 |
160.129 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
547.980 |
552.704 |
159.635 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
194.069 |
170.553 |
56.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
353.911 |
382.151 |
103.296 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
166.382 |
84.231 |
80.935 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
300.000 |
100.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
166.382 |
84.231 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
720.931 |
107.080 |
103.297 |
|
|
TOTAL EARNINGS |
720.931 |
107.080 |
103.297 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials & Capital Goods |
NA |
110.665 |
NA |
|
|
TOTAL IMPORTS |
NA
|
110.665 |
NA
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.85 |
10.99 |
2.97 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.87 |
3.01 |
1.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.49 |
4.37 |
1.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.58 |
10.01 |
4.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.31 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.21 |
1.65 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61 |
1.65 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Indian rupee loans from banks |
0.000 |
200.000 |
|
|
|
|
|
Short term
borrowings |
|
|
|
Unsecured |
0.000 |
250.000 |
|
Loans and advance from related parties |
5.450 |
38.563 |
|
|
|
|
|
Total |
5.450 |
488.563 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10446964 |
06/09/2013 |
61,161,000.00 |
U. P. FINANCIAL CORPORATION |
14/88, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA |
B84001312 |
|
2 |
10443272 |
08/08/2013 |
200,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B82225137 |
|
3 |
10441711 |
02/08/2013 |
485,600,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B81526899 |
|
4 |
10435733 |
25/06/2013 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B79143558 |
|
5 |
10369940 |
14/08/2012 |
71,350,000.00 |
U.P. FINANCIAL CORPORATION |
14/88, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA |
B45448552 |
|
6 |
10337560 |
15/02/2012 * |
711,800,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B33180522 |
|
7 |
10288699 |
06/06/2011 |
46,935,000.00 |
U.P. FINANCIAL CORPORATION |
14/88, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA |
B13647441 |
|
8 |
10244398 |
04/05/2011 * |
350,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B12692802 |
|
9 |
10241679 |
08/09/2010 |
755,700,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A95402434 |
|
10 |
10239353 |
14/08/2010 |
120,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA HOUSE, 25 BARAKHAMBA ROAD, NEW DELHI, DELHI- 110001, INDIA |
A94442928 |
|
11 |
10242107 |
12/08/2010 |
114,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A95644860 |
|
12 |
10232951 |
23/07/2010 |
40,454,000.00 |
U.P. FINANCIAL CORPORATION |
14/88, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA |
A90953316 |
|
13 |
10231821 |
14/02/2013 * |
400,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B72772791 |
|
14 |
10116678 |
19/07/2012 * |
500,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA |
B73838385 |
|
15 |
10107213 |
19/06/2012 * |
300,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA HOUSE, 25 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B42420042 |
|
16 |
10107223 |
10/05/2011 * |
300,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA HOUSE, 25 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B15545205 |
|
17 |
10107212 |
30/05/2008 |
300,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA HOUSE, 25 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
A38895850 |
|
18 |
10070203 |
06/08/2010 * |
400,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A94407467 |
|
19 |
10061138 |
31/10/2011 * |
750,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B24078727 |
|
20 |
10050747 |
19/01/2010 * |
92,255,000.00 |
UTTER PRADESH FINANCIAL CORPORATION |
14/88, CIVIL LINES, KANPUR, UTTAR PRADESH - 206001, INDIA |
A76900984 |
* Date of charge modification
FIXED ASSETS
· Land and Buildings
· Plant and Machinery
· Furniture and Fixture
· Office Equipment
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 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 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. 62.23 |
|
|
1 |
Rs. 100.18 |
|
Euro |
1 |
Rs. 84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.