MIRA
INFORM REPORT
|
Report Date : |
21.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME TEX MART LIMITED (w.e.f. 05.09.2003) |
|
|
|
|
Formerly Known
As : |
SUPREME WOOLLEN MILLS LIMITED |
|
|
|
|
Registered
Office : |
424, Industrial Area – A, Cheema Chowk, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.10.1988 |
|
|
|
|
Com. Reg. No.: |
16-016933 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 322.280
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L17117PB1988PLC016933 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDM02038B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS9897D |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of Yarns and Garments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company appears to be sound. Directors are
reported to be experienced and respectable businessmen. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of transactions
has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
11.11.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and high credit risk |
|
Date |
11.11.2013 |
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 : |
424, Industrial Area – A, Cheema Chowk, Ludhiana – 14103,
Punjab, India |
|
Tel. No.: |
91-161-2600593 / 2222719 / 6614400 / 2510622 / 2510320 / 2510097 |
|
Fax No.: |
91-161-2609949 / 2510584 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Spinning Unit – 1
and 2 Village Kanganwal. P.O. Jugiana, Ludhiana, Punjab, India |
|
|
|
|
Factory 2 : |
Dyeing Unit and Hand
Knitting Yarn Unit Phase – VIII, Focal Point, Ludhiana, Punjab, India |
|
|
|
|
Factory 3 : |
Apparel and Knits
Unit Village Paharuwal, P. O. Budhewal, Chandigarh Road,
Ludhiana, Punjab, India |
|
|
|
|
Factory 4 : |
Garment Unit Village Paharuwal, Ludhiana, Punjab, India |
DIRECTORS
As on 31.03.2013
|
Name : |
Mr. Ajay Mabajan |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Sanjay Ahuja |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. A. P. Gupta |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. R. C. Singal |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. B B Goel |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Marsel Menda |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Ajay Gupta |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Gautam Gupta |
|
Designation : |
Joint Managing Director |
KEY EXECUTIVES
|
Name : |
Mr. Robin Vijan |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Category of Shareholder |
No. of Shares |
% of No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
30739080 |
45.05 |
|
|
7350000 |
10.77 |
|
|
1645222 |
2.41 |
|
|
39734302 |
58.24 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
39734302 |
58.24 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
|
|
|
|
5760439 |
8.44 |
|
|
|
|
|
|
1465674 |
2.15 |
|
|
7752666 |
11.36 |
|
|
13517154 |
19.81 |
|
|
90125 |
0.13 |
|
|
152831 |
0.22 |
|
|
13274083 |
19.45 |
|
|
115 |
0.00 |
|
|
28495933 |
41.76 |
|
Total Public shareholding (B) |
28495933 |
41.76 |
|
Total (A)+(B) |
68230235 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
68230235 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
64574963 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Yarns and Garments. |
|
|
|
|
Products : |
·
Grey Cotton Yarn ·
Grey Acrylic Yarn ·
Grey Polyester Cotton Yarn ·
Blended Yarn ·
Dyed Cotton Yarn ·
Fibre Dyed Cotton Yarn ·
Cotton Melange Yarn ·
Fibre Dyed Polyester Cotton Blended Yarn ·
Fibre Dyed Polyester Cotton Melange Yarn ·
Daffodil ·
Hank Dyed Acrylic Yarn ·
Hand Knitting Yarn ·
Open End Yarn ·
Specialty Yarn ·
Carpet/Bath Matt Yarn |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Ludhian, Punjab, India · Punjab National Bank · UCO Bank · Allahabad Bank · Oriental Bank of commerce · IDBI Bank Limited ·
Punjab and Sind Bank ·
Central Bank or India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashish Agarwal and Company Chartered Accountants |
|
|
|
|
Enterprises
controlled by Key Management Personnel : |
·
Venus Tex Spin Limited ·
Gautam Terry Tech Limited ·
Gttl ·
Goldleaf International Private Limited ·
Cimero Industrial Enterprises Limited ·
Ganeshgee Textile Trading Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
73000000 |
Equity Shares |
Rs.5/- each |
Rs.365.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64574963 |
Equity Shares |
Rs.5/- each |
Rs.322.875
Millions |
|
|
Less : Calls in arrears – by others |
|
Rs. 0.595
Million |
|
|
|
|
Rs.322.280 Millions |
NOTES:
a. Reconciliation of the number of shares outstanding
|
Particulars |
31.03.2013 |
|
|
No. of Shares |
Rs. In Millions |
|
|
At the beginning of the period |
64574963 |
322.280 |
|
Issued during the period |
-- |
-- |
|
Outstanding at the
end of the period |
64574963 |
322.064 |
b. Terms/rights attached to equity shares
The company has one class of equity shares having
a per value of Rs.5/- per share. Each holder of equity shares is entitled to
one vote per share. The company declared and pays dividends in Indian rupees.
The dividend proposed by the Board of Directors is subject to the approval of
the shareholders in the annual general meeting.
In the event of liquidation of the company,
the holders of equity shares will be entitled to receive remaining assets of
the company after distribution of all preferential amounts. The distribution
will be in proportion to the number of equity shares held by shareholders.
c. Details of shareholders holding more than 5% shares in the company
|
Particulars |
31.03.2013 |
|
|
No. of Shares |
% holding in
class |
|
|
Equity Shares of
Rs.5/- each fully paid |
|
|
|
Sindia Investment Group Pte. Limited |
7000000 |
10.84 |
|
Sinochamp Corporation Limited |
4807143 |
7.44 |
|
Chic-Tex Inc |
-- |
-- |
|
Punjab State Industrial Corporation Limited |
1645222 |
6.19 |
|
Gold Leaf International Private Limited |
4000000 |
6.19 |
|
Ram Lal Gupta |
-- |
-- |
|
Sanjay Gupta |
11933823 |
18.49 |
|
Ajay Gupta |
9575445 |
14.83 |
|
Bhavna Gupta |
3534665 |
5.47 |
|
White Stone Yarns Private Limited |
3350000 |
5.19 |
|
Venus Tex Spin Limited |
3350000 |
5.19 |
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 |
322.280 |
322.063 |
259.397 |
|
(b) Reserves & Surplus |
1469.778 |
1309.246 |
804.536 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
206.731 |
0.000 |
208.636 |
|
Total
Shareholders’ Funds (1) + (2) |
1998.789 |
1631.309 |
1272.569 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2180.120 |
1915.565 |
2104.438 |
|
(b) Deferred tax liabilities (Net) |
316.031 |
233.034 |
154.262 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.207 |
8.804 |
7.092 |
|
Total Non-current Liabilities (3) |
2503.358 |
2157.403 |
2265.792 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1650.296 |
1376.733 |
1509.462 |
|
(b) Trade payables |
983.279 |
926.681 |
826.483 |
|
(c) Other current
liabilities |
480.258 |
305.394 |
532.807 |
|
(d) Short-term provisions |
52.693 |
62.417 |
37.011 |
|
Total Current Liabilities (4) |
3166.526 |
2671.225 |
2905.763 |
|
|
|
|
|
|
TOTAL |
7668.673 |
6459.937 |
6444.124 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3286.989 |
2773.407 |
2807.446 |
|
(ii) Intangible Assets |
4.819 |
6.146 |
2.968 |
|
(iii) Capital
work-in-progress |
18.674 |
42.979 |
45.300 |
|
(iv)
Expenditure on Power Lines |
0.049 |
0.460 |
0.870 |
|
(v)
Intangible Assets Under Development |
0.000 |
0.000 |
4.871 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
54.102 |
35.332 |
87.400 |
|
(e) Other Non-current assets |
63.355 |
44.275 |
62.242 |
|
Total Non-Current Assets |
3427.988 |
2902.599 |
3011.097 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2624.964 |
1903.476 |
1696.689 |
|
(c) Trade receivables |
837.203 |
755.020 |
878.641 |
|
(d) Cash and cash
equivalents |
121.209 |
63.393 |
93.615 |
|
(e) Short-term loans and
advances |
423.494 |
607.118 |
553.875 |
|
(f) Other current assets |
233.815 |
228.331 |
210.207 |
|
Total Current Assets |
4240.685 |
3557.338 |
3433.027 |
|
|
|
|
|
|
TOTAL |
7668.673 |
6459.937 |
6444.124 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8935.831 |
8447.911 |
5670.712 |
|
|
|
Other Income |
6.107 |
17.722 |
10.792 |
|
|
|
TOTAL (A) |
8941.938 |
8465.633 |
5681.504 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Material consumed |
6027.019 |
5457.103 |
3251.294 |
|
|
|
Purchase of traded goods |
586.701 |
872.230 |
752.938 |
|
|
|
(Increase) / Decrease in stock |
87.233 |
(113.467) |
(282.104) |
|
|
|
Employee Benefits Expenses |
169.355 |
157.509 |
151.125 |
|
|
|
Other Expenses |
1158.078 |
1170.169 |
1081.502 |
|
|
|
TOTAL (B) |
8028.386 |
7543.544 |
4954.755 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
913.552 |
922.089 |
726.749 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
492.134 |
511.174 |
379.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
421.418 |
410.915 |
347.638 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
170.364 |
173.265 |
171.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
251.054 |
237.650 |
176.281 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
90.522 |
79.173 |
80.584 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
160.532 |
158.477 |
95.697 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1847.254 |
1338.006 |
1292.127 |
|
|
TOTAL EARNINGS |
1847.254 |
1338.006 |
1292.127 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
47.276 |
47.381 |
262.717 |
|
|
|
Stores & Spares |
10.088 |
15.010 |
13.888 |
|
|
|
Capital Goods |
477.895 |
6.765 |
275.678 |
|
|
TOTAL IMPORTS |
535.259 |
69.156 |
552.283 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.49 |
3.04 |
2.34 |
|
QUARTERLY RESULTS
|
PARTICULARS |
|
30.06.2013 |
30.09.2013 |
|
Type |
|
1st
Quarter |
2nd
Quarter |
|
Net Sales |
|
2234.000 |
2218.200 |
|
Total Expenditure |
|
2008.000 |
1977.600 |
|
PBIDT (Excl OI) |
|
226.000 |
240.600 |
|
Other Income |
|
0.000 |
0.000 |
|
Operating Profit |
|
226.000 |
240.600 |
|
Interest |
|
120.500 |
119.100 |
|
Exceptional Items |
|
0.000 |
0.000 |
|
PBDT |
|
105.500 |
121.500 |
|
Depreciation |
|
44.200 |
54.800 |
|
Profit Before Tax |
|
61.300 |
66.800 |
|
Tax |
|
22.100 |
15.500 |
|
Provisions and contingencies |
|
0.000 |
0.000 |
|
Profit After Tax |
|
39.200 |
51.300 |
|
Extraordinary Items |
|
0.000 |
0.000 |
|
Prior Period Expenses |
|
0.000 |
0.000 |
|
Other Adjustments |
|
0.000 |
0.000 |
|
Net Profit |
|
39.200 |
51.300 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.80
|
1.87 |
1.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.81 |
2.81 |
3.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.28
|
3.70 |
2.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.15 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.92
|
2.02 |
2.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.33 |
1.18 |
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 |
No |
|
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
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
TERM LOAN |
|
|
|
- From Directors |
129.841 |
0.684 |
|
SHORT TERM
BORROWINGS |
|
|
|
WORKING CAPITAL
LOAN |
|
|
|
From Banks |
|
|
|
- Indian Rupee Loans |
2.594 |
3.119 |
|
From NBFC’s |
|
|
|
- Indian Rupee Loans |
7.789 |
10.125 |
|
Total |
140.224 |
13.928 |
COMPANY OVERVIEW
Subject is an integrated textile organization based at Ludhiana, Subject
manufactures various types of yarns and garments for customers in domestic and
international markets.
OPERATIONS DETAIL
Production in both the spinning units was 334.05 lacs kgs. as compared to the figure of 222.51 lacs kgs. In the garment unit, 9.46 lacs pieces of garments & 749.95 MT Fabric were produced as compared to the figure of previous year of 17.24 lacs pieces of garments and 2393 MT of fabric. Net Turnover during the year has shown an increase of 5.84%. There is net profit of Rs.160.532 Millions as compared to net profit of Rs.158.477 Millions in the previous year. Cash profit during the current year ending on 31.03.2013 increased to Rs. 413.900 Millions from the figure of Rs.410.500 Millions in the previous year ending on 31.03.2012.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10399731
|
28/12/2012
|
50,000,000.00
|
STATE BANK OF INDIA |
IFB, GOLDEN TOWER, DHOLEWAL
CHOWK, LUDHIANA, PUNJAB - 141003, INDIA |
B66785213
|
|
2 |
10361808
|
24/05/2012
|
450,000,000.00
|
CENTRAL BANK OF INDIA |
MCB,MILLER GANJ, LUDHIANA,
PUNJAB - 141003, INDIA |
B42122499
|
|
3 |
10263447
|
16/02/2012
* |
250,000,000.00
|
PUNJAB NATIONAL BANK |
LCB, R.K. ROAD, BHAGWATI
TOWER, R.K. ROAD, LUDHIANA, PUNJAB - 141003, INDIA |
B36661775
|
|
4 |
10198826
|
16/02/2012
* |
135,000,000.00
|
PUNJAB NATIONAL BANK |
LCB, R.K. ROAD, BHAGWATI
TOWER, R.K. ROAD, LUDHIANA, PUNJAB - 141003, INDIA |
B36660751
|
|
5 |
10196068
|
09/06/2010
* |
125,000,000.00
|
ALLAHABAD BANK |
IIFB, INDUSTRIAL AREA
"A", LUHDIANA, PUNJAB - 141003, INDIA |
A88997903
|
|
6 |
10166965
|
19/11/2009
* |
129,500,000.00
|
ALLAHABAD BANK |
IIFB, INDUSTRIAL AREA
"A", LUDHIANA, LUDHIANA, PUNJAB - 141003, INDIA |
A73744906
|
|
7 |
10166966
|
12/03/2013
* |
2,284,200,000.00
|
SBI CONSORTIUM SBI (LEADER)
AND PNB AND IDBI AND UBI AND C |
IFB, GOLDEN TOWER, DHOLEWAL
CHOWK, LUDHIANA, LUDHIANA, LUDHIANA, PUNJAB - 141001, INDIA |
B72554629
|
|
8 |
10125589
|
15/10/2008
|
87,500,000.00
|
SBI FACTORS AND COMMERCIAL
SERVICES PRIVATE LIMITED |
BXXI-14627, GANDHI NAGAR, NEAR
DHOLEWAL CHOWK, G |
A48128136
|
|
9 |
10051235
|
29/06/2009
* |
90,000,000.00
|
UCO BANK |
MID CORPORATE BRANCH, R.K.
ROAD, NEAR CHEEMA CHOWK, LUDHIANA, PUNJAB - 141003, INDIA |
A65941593
|
|
10 |
10034666
|
16/02/2012
* |
750,000,000.00
|
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, R.K.
ROAD, LUDHIANA, PUNJAB - 141003, INDIA |
B36662153
|
|
11 |
90172164 |
30/06/2009 * |
939,300,000.00 |
STATE BANK OF INDIA |
SCB, FOCAL POINT, PHASE-V,
LUDHIANA, LUDHIANA, PUNJAB - 141013, INDIA |
A65394447 |
* Date of charge modification
FIXED ASSETS
·
Freehold Land
·
Leasehold Land
·
Buildings
·
Plant and Equipments
·
Vehicles
·
Office Equipments
·
Computer Equipments
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 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.61.63 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.