. MIRA INFORM REPORT
|
Report Date : |
23.01.2014 |
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 – 110 034 |
|
|
|
|
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 – 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 |
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 – 110 034, India |
|
Tel. No.: |
91-11-47008000 (EPBX) |
|
Fax No.: |
91-11-47008010/ 47050504 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Q5-Q6, Ghirongi Industrial Area Malanpur, District. Bhind – 477 116,
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, New Delhi – 110 048, India |
|
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, New Delhi – 110 034, India |
|
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, New Delhi – 110 048, India |
|
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, New Delhi – 110 034, India |
|
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 – 250 576, Madhya Pradesh, 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, New Delhi – 110 048, India |
|
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 Wonder City, Katraj, Pune – 411 046, Maharashtra, India |
|
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 – 110 016,
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, New Delhi – 110 017, India |
|
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, Delhi – 110 006, India |
|
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, Thane –
400 607, 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 – 474 011, 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, New Delhi – 110 058, India |
|
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 : |
|
||||||||||
|
|
|
||||||||||
|
Brand Names : |
·
NOVA ·
A-ONE |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India · State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi – 110 001, India · ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Vadodara – 390 015, Gujarat, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Finance Institutions: |
U.P. Financial Corporation, 14/88, Civil Lines, Kanpur – 208 001, Uttar Pradesh, India |
|
|
|
|
Auditors : |
|
|
Name : |
S K Sehra and Company Chartered Accountants |
|
Address : |
Flat 104 1st Floor, and Community Centre Naraina, New Delhi
– 110 028, India |
|
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 |
|
|
|
|
|
|
|
Revenue from operations |
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 Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
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.61.92 |
|
|
1 |
Rs.101.98 |
|
Euro |
1 |
Rs.83.93 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.