. Summary Information
|
|
|
Country |
|
|
Company Name |
SUJANA TOWERS LIMITED |
Principal Name 1 |
Mr. M.V. Bhaskara Rao |
|
Status |
Moderate |
Principal Name 2 |
Mr. Y Kameswara Rao |
|
|
|
Registration # |
36-049743 |
|
Street Address |
H. No. 8-2-248/
1/ 7/ 41/ 128, Plot No. 41, Nagarjuna Hills, Punjagutta, Hyderabad – 500082,
Telangana |
||
|
Established Date |
06.04.2006 |
SIC Code |
-- |
|
Telephone# |
91-40-23351882 |
Business Style 1 |
Manufacturer
and Seller |
|
Fax # |
91-40-23350766 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Iron |
|
|
# of employees |
172 (Approximately) |
Product Name 2 |
Steel |
|
Paid up capital |
Rs.543,883,000/- |
Product Name 3 |
-- |
|
Shareholders |
Shareholding
of Promoter and Promoter Group - 36.49% Public shareholding - 63.51% |
Banking |
IDBI Bank Limited |
|
Public Limited Corp. |
Yes |
Business Period |
8 Years |
|
IPO |
Yes |
International Ins. |
- |
|
Public |
Yes |
Rating |
B (31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
India |
Digitech
Business Systems Limited |
--- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
23,430,911,000 |
Current Liabilities |
4,262,322,000 |
|
Inventories |
680,168,000 |
Long-term Liabilities |
16,871,590,000 |
|
Fixed Assets |
4587,603,000 |
Other Liabilities |
1,253,113,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
22,387,025,000 |
|
Invest& other Assets |
1,399,374,000 |
Retained Earnings |
7,167,148,000 |
|
|
|
Net Worth |
7,711,031,000 |
|
Total Assets |
30,098,056,000 |
Total Liab. & Equity |
30,098,056,000 |
|
Total Assets (Previous Year) |
24,828,503,000 |
|
|
|
P/L Statement as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Sales |
18,033,080,000 |
Net Profit |
18,005,000 |
|
Sales(Previous yr) |
17,999,891,000 |
Net Profit(Prev.yr) |
37,261,000 |
MIRA
INFORM REPORT
|
Report Date : |
06.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUJANA TOWERS LIMITED |
|
|
|
|
Registered
Office : |
H. No. 8-2-248/ 1/ 7/ 41/ 128, Plot No. 41, Nagarjuna Hills,
Punjagutta, Hyderabad – 500082, Telangana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.04.2006 |
|
|
|
|
Com. Reg. No.: |
36-049743 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.548.828 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L40109TG2006PLC049743 |
|
|
|
|
|
|
|
Legal Form : |
Public limited liability company. Company’s shares are listed on the
Stock Exchange |
|
|
|
|
Line of Business
: |
Manufacturing sales and trading sales of Iron and Steel
products |
|
|
|
|
No. of Employees
: |
172 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 31000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a part of “Sujana Group”. It is an established company having
moderate track. The company possesses a moderate financial profile constrained by
delining profitability and low margins along with high collection period and
working capital intense nature of operations during FY 2014. The ratings also take into consideration the possible improvement in
its overall profile post implementation of corporate debt restructuring
package by lenders. However, trade relations are improving. Business is active. Payment
terms are reported as slow.3 In view of experienced promoters and long track record of operations,
the company can be considered for business dealings with caution. |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: B+ |
|
Rating Explanation |
Risk prone credit quality and high risk of default |
|
Date |
18.02.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities : A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
18.02.2014 |
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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON-CO-OPERATIVE (91-40-23351882)
LOCATIONS
|
Registered Office : |
H. No. 8-2-248/ 1/ 7/ 41/ 128, Plot No. 41, Nagarjuna Hills,
Punjagutta, Hyderabad – 500082, Telangana |
|
Tel. No.: |
91-40-23351882 |
|
Fax No.: |
91-40-23350766 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. 128 Part, Sy. No. 172/B, I.D.A. Bollaram – 502325 Jinnaram
Mandal, Medak District, Telangana, India |
|
|
|
|
Factory 2 : |
Plot No. 10, 11 and 12, Sy. No. 172 I.D.A. Bollaram – 502325 Jinnaram Mandal,
Madak District, Telangana, India |
|
|
|
|
Factory 3 : |
Plot No. 9, Sy. No. 172/EE, U, UU, I.D.A. Bollaram – 502325 Jinnaram
Mandal, Medak District, Telangana,
India |
|
|
|
|
Factory 4 : |
Plot No. 8,B and C, Sy. No. 172 /EE, U, UU, I.D.A. Bollaram – 502325 Jinnaram Madal,
Medak District, Telangana, India |
|
|
|
|
Factory 5 : |
Sy. No. 321 Turkala Khanapur Village – 502201 Hatnur Mandal, Medak
District, Telangana, India |
DIRECTORS
|
Name : |
Mr. M.V. Bhaskara Rao |
|
Designation : |
Non-Executive Chairman |
|
|
|
|
Name : |
Mr. Y. S. Chowdary |
|
Designation : |
Director |
|
Address : |
Plot No. 29, Sagar Co-Operative Housing Society, Banjara Hills,
Hyderabad- 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
02.06.1961 |
|
Date of Appointment : |
28.08.2014 |
|
DIN No.: |
00061477 |
|
|
|
|
Name : |
Mr. Y Kamesh |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. G. Srinivasa Raju |
|
Designation : |
Director |
|
Address : |
Flat No. 405, White House, 8-2-674 / 2A Road, No. 13, Banjara Hills,
Hyderabad – 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
20.10.1963 |
|
Date of Appointment : |
29.07.2009 |
|
DIN No.: |
00132249 |
|
|
|
|
Name : |
Mr. S Hanumantha Rao |
|
Designation : |
Director |
|
Address : |
8-3-720/8, Salivahana Nagar, Sri Nagar Colony, Hyderabad – 500073,
Andhra Pradesh, India |
|
Date of Birth/Age : |
18.07.1951 |
|
Date of Appointment : |
06.04.2006 |
|
DIN No.: |
00118801 |
|
|
|
|
Name : |
Mr. A.S.Anand Kumar |
|
Designation : |
Independent and Non-Executive Directors |
|
Address : |
502, Glen Eagle, Tata Colony, Parle Tank, Mumbai – 400012,
Maharashtra, India |
|
Date of Birth/Age : |
10.07.1947 |
|
Date of Appointment : |
04.10.2007 |
|
DIN No.: |
00058292 |
|
|
|
|
Name : |
Mr. L.V. Rao |
|
Designation : |
Directors |
|
Address : |
L-1-365/1, 103, Lanka Gharuda Apartments, Bakaram Road, Jawahar Nagar,
Hyderabad – 500020, Andhra Pradesh, India |
|
Date of Birth/Age : |
18.09.1947 |
|
Date of Appointment : |
27.03.2010 |
|
DIN No.: |
02754292 |
|
|
|
|
Name : |
Mr. H. Biswas |
|
Designation : |
Independent and Non-Executive Directors (IDBI, Nominee) |
KEY EXECUTIVES
|
Name : |
Mr. L. Narasimha Rao |
|
Designation : |
Company Secretary |
|
Address : |
H. No. 12-6-2-245 / A, Vivek Nagar, Kukutpally, Hyderabad – 500072,
Andhra Pradesh, India |
|
Date of Birth/Age : |
15.04.1963 |
|
Date of Appointment : |
31.12.2007 |
|
PAN No.: |
ACDPL3194R |
|
|
|
|
COMMITTEE: |
|
|
|
|
|
Audit Committee: |
Mr. A.S. Anand Kumar Mr. M.V. Bhaskara Rao Mr. L.V. Rao Mr. S. Hanumantha Rao |
|
|
|
|
Management Committee: |
Mr. Y. Kamesh Mr. G. Srinivasa Raju Mr. S. Hanumantha Rao Mr. M.V. Bhaskara Rao |
|
|
|
|
Share Transfer Committee: |
Mr. G. Srinivasa Raju Mr. M.V. Bhaskara Rao Mr. S. Hanumantha Rao |
|
|
|
|
Shareholders’
Grivances Committee: |
Mr. S. Hanumantha Rao Mr. G. Srinivasa Raju Mr. M.V. Bhaskara Rao |
|
|
|
|
Remuneration Committee: |
Mr. A.S. Anand Kumar Mr. M.V. Bhaskara Rao Mr. S. Hanumantha Rao |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2014
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
|
|
|
|
564198 |
1.09 |
|
|
18380616 |
35.41 |
|
|
18944814 |
36.49 |
|
|
|
|
|
Total shareholding
of Promoter and Promoter Group (A) |
18944814 |
36.49 |
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
595600 |
1.15 |
|
|
463716 |
0.89 |
|
|
1059316 |
2.04 |
|
|
|
|
|
|
12238753 |
23.57 |
|
|
|
|
|
|
17043719 |
32.83 |
|
|
1254258 |
2.42 |
|
|
1374063 |
2.65 |
|
|
334768 |
0.64 |
|
|
1039295 |
2.00 |
|
|
31910793 |
61.47 |
|
Total Public shareholding
(B) |
32970109 |
63.51 |
|
Total (A)+(B) |
51914923 |
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) |
51914923 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing sales and trading sales of Iron and Steel
products |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
172 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
IDBI Bank Limited ·
Central Bank of India ·
Punjab National Bank ·
Andhra Bank ·
UCO Bank ·
Karnataka Bank Limited ·
Exim Bank Limited |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial Institutions: |
·
Sicom Limited ·
L and T Infrastructure and Finance Company
Limited |
|
|
|
|
|
|
|
Statutory Auditors: |
|
|
Name : |
M/s. Venugopal and Chenoy Chartered Accountant |
|
Address : |
Tilak Road, Hyderabad |
|
|
|
|
Cost Auditors: |
|
|
Name : |
Nageswara Rao and Company Cost Accountants, Secunderabad |
|
|
|
|
Internal Auditors: |
|
|
Name : |
Mr. M. Balaramakrishnaiah Chartered Accountant, Hyderabad |
|
|
|
|
Associates/Subsidiaries : |
·
Digitech Business Systems Limited ·
STL Africa Limited ·
Telesuprecon Limited |
CAPITAL STRUCTURE
As on 30.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
79000000 |
Equity shares |
Rs.10/-each |
Rs.790.000 Millions |
|
|
|
|
|
|
2100000 |
Preference Shares |
Rs.100/-each |
Rs.210.000 Millions |
|
|
Total |
|
Rs.1000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51914923 |
Equity Shares |
Rs. 10/-each |
Rs.519.149
Millions |
|
|
|
|
|
|
247335 |
Preference Shares |
Rs.
100/-each |
Rs.24.734
Millions |
|
|
Total |
|
Rs.543.883 Millions |
NOTE:
The reconciliation
of the number of equity shares outstanding is set out below:
|
Particulars |
As at 31 March
2014 (in number) |
|
|
|
|
Shares outstanding at the beginning of the year |
51,914,923 |
|
Shares Issued during the year |
-- |
|
Shares bought back during the year |
-- |
|
Shares
outstanding at the end of the year |
51,914,923 |
The reconciliation
of the number of preference shares outstanding is set out below:
|
Particulars |
As at 31 March
2014 (in number) |
|
|
|
|
Shares outstanding at the beginning of the year |
296,795 |
|
Shares Issued during the year |
-- |
|
Shares bought back during the year |
49,460 |
|
Shares outstanding at the end of the year |
247,335 |
1% Cumulative Redeemable
Preference Shares (CRPS) are redeemable in 12 quarterly installments commencing
from 01.10.2013
The details of shareholder holding more than 5% equity shares is set
below:
|
Name of
Shareholder |
As at 31 March
2014 |
|
|
|
No. of Shares held |
% of Holding |
|
|
|
|
|
Yalamanchili Finance and Trading (Private) Limited |
4,767,500 |
9.18 |
|
Sujana Holdings Limited |
7,500,000 |
14.45 |
|
Foster Infin and Trading (Private) Limited |
5,095,999 |
9.82 |
|
HI Tech Housing Projects Private Limited |
2,609,946 |
5.03 |
The details of shareholder holding more than 5% cumulative, redeemable
preference shares is set below:
|
Name of
Shareholder |
As at 31 March
2014 |
|
|
|
No. of Shares held |
% of Holding |
|
|
|
|
|
Industrial Development Bank of India Limited |
247,335 |
100 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
543.883 |
548.829 |
548.828 |
|
(b) Reserves &
Surplus |
7167.148 |
7149.468 |
7112.553 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
7711.031 |
7698.297 |
7661.381 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
10386.357 |
4435.888 |
1965.134 |
|
(b) Deferred tax
liabilities (Net) |
672.210 |
674.118 |
658.910 |
|
(c) Other long term
liabilities |
30.467 |
30.467 |
30.467 |
|
(d) long-term provisions |
20.299 |
9.779 |
7.896 |
|
Total Non-current
Liabilities (3) |
11109.333 |
5150.252 |
2662.407 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6485.233 |
6958.102 |
5352.787 |
|
(b) Trade payables |
2459.840 |
3792.042 |
3887.405 |
|
(c) Other current
liabilities |
1772.015 |
654.874 |
576.001 |
|
(d) Short-term provisions |
560.604 |
574.936 |
568.028 |
|
Total Current Liabilities
(4) |
11277.692 |
11979.954 |
10384.221 |
|
|
|
|
|
|
TOTAL |
30098.056 |
24828.503 |
20708.009 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4586.534 |
3661.942 |
3864.561 |
|
(ii) Intangible Assets |
1.069 |
0.907 |
1.120 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1399.374 |
1399.868 |
1399.868 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3206.152 |
4347.798 |
709.720 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
9193.129 |
9410.515 |
5975.269 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
680.168 |
562.134 |
2069.987 |
|
(c) Trade receivables |
19992.379 |
13854.072 |
10665.397 |
|
(d) Cash and cash
equivalents |
7.360 |
224.274 |
573.016 |
|
(e) Short-term loans and advances |
221.980 |
587.267 |
1417.465 |
|
(f) Other current assets |
3.040 |
190.241 |
6.875 |
|
Total Current Assets |
20904.927 |
15417.988 |
14732.740 |
|
|
|
|
|
|
TOTAL |
30098.056 |
24828.503 |
20708.009 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
18033.080 |
17999.891 |
20412.868 |
|
|
Other Income |
26.682 |
62.933 |
38.130 |
|
|
TOTAL (A) |
18059.762 |
18062.824 |
20450.998 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1206.186 |
1813.442 |
2259.853 |
|
|
Purchases of
Stock-in-Trade |
14380.499 |
14000.276 |
14975.757 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(194.166) |
46.202 |
159.433 |
|
|
Employees benefits
expense |
81.070 |
87.625 |
96.843 |
|
|
Other expenses |
330.973 |
361.314 |
470.683 |
|
|
TOTAL (B) |
15804.562 |
16308.859 |
17962.569 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
2255.200 |
1753.965 |
2488.429 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
2003.091 |
1466.733 |
1322.417 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
252.109 |
287.232 |
1166.012 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
225.456 |
221.632 |
195.274 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
26.653 |
65.600 |
970.738 |
|
|
|
|
|
|
|
Less |
TAX (I) |
8.648 |
28.339 |
363.613 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
18.005 |
37.261 |
607.125 |
|
|
|
|
|
|
|
|
DIVIDEND
ON CRPS |
0.326 |
0.347 |
0.347 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
17.679 |
36.914 |
606.778 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
316.574 |
735.319 |
631.759 |
|
|
TOTAL EARNINGS |
316.574 |
735.319 |
631.759 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw
Material |
309.169 |
697.592 |
575.998 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
|
Basic |
0.34 |
0.07 |
1.18 |
|
|
Diluted |
0.34 |
0.07 |
1.18 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
0.10 |
0.21 |
2.97 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.15 |
0.36 |
4.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.09 |
0.28 |
5.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.01 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.19 |
1.48 |
0.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.85 |
1.29 |
1.42 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
548.828 |
548.829 |
543.883 |
|
Reserves & Surplus |
7112.553 |
7149.468 |
7167.148 |
|
Net worth |
7661.381 |
7698.297 |
7711.031 |
|
|
|
|
|
|
long-term borrowings |
1965.134 |
4435.888 |
10386.357 |
|
Short term borrowings |
5352.787 |
6958.102 |
6485.233 |
|
Total borrowings |
7317.921 |
11393.990 |
16871.590 |
|
Debt/Equity ratio |
0.955 |
1.480 |
2.188 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
20412.868 |
17999.891 |
18033.080 |
|
|
|
(11.821) |
0.184 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
20412.868 |
17999.891 |
18033.080 |
|
Profit |
607.125 |
37.261 |
18.005 |
|
|
2.97% |
0.21% |
0.10% |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
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 |
LITIGATION DETAILS:
CASE STATUS INFORMATION
SYSTEM
|
COMPA 1137 /
2014 |
COMPASR 6102 /
2014 |
CASE IS: PENDING |
|
PETITIONER |
RESPONDENT |
|
M/S. BHIRAGACHA
FINANACE COMPANY PRIVATE LIMITED, KOLKATA |
VS M/S. SUJANA
TOWERS LIMITED, HYD |
|
PET.ADV.: RAJA
SHEKAR RAO SALVAJI |
RESP.ADV.: RAJU |
|
SUBJECT: COMPANY
APPLICATION |
DISTRICT:
HYDERABAD |
|
|
|
|
FILLING DATE:
12.09.2014 |
POSTING STAGE:
INTERLOCUTORY |
|
REG. DATE :
12.09.2014 |
LISTING DATE:
22.09.2014
|
|
|
STATUS:--------- |
|
HON’BLE JUGES(S):
C.V.NAGARJUNA REDDY |
|
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10431827 |
16/05/2013 |
566,700,000.00 |
KARNATAKA BANK LTD. |
RAJBHAVAN ROAD,
HYDERABAD, ANDHRA PRADESH - 500082 |
B77413920 |
|
2 |
10394278 |
07/02/2013 * |
53,497,567.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B69602191 |
|
3 |
10394277 |
07/02/2013 * |
71,391,192.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B69601276 |
|
4 |
10394275 |
07/02/2013 * |
95,773,979.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B69600054 |
|
5 |
10374135 |
08/08/2012 |
164,500,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B57109175 |
|
6 |
10370595 |
02/07/2012 |
112,542,040.00 |
IDBI BANK LIMITED |
115, ANNA SALAI,
SAIDAPET, CHENNAI, TAMIL NADU - |
B45688025 |
|
7 |
10310739 |
12/10/2011 |
1,150,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BRANCH AT MMO BUILDING, 1ST FLO |
B22774095 |
|
8 |
10309724 |
14/03/2013 * |
3,150,000,000.00 |
PUNJAB NATIONAL BANK |
MAKER TOWERS 'E'
GROUND FLOOR, CUFFE PARADE, MUMB |
B74230202 |
|
9 |
10288936 |
29/02/2012 * |
2,950,000,000.00 |
IDBI BANK LIMITED |
115, ANNA SALAI,
SAIDAPET, CHENNAI, TAMIL NADU - |
B37423795 |
|
10 |
10244362 |
23/09/2010 |
1,500,000,000.00 |
ANDHRA BANK |
3RD FLOOR, 6-3-648,
PADMAJA LAND MARK, SOMAJIGUDA |
A96390877 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Inter corporate Deposits |
0.000 |
426.458 |
|
|
|
|
|
Total |
0.000 |
426.458 |
REVIEW OF OPERATIONS
The Company
achieved a turnover of Rs.18009.861 Millions and earned profit after tax of Rs.
18.005 Millions. The Gross Block as on 31.03.2014 stood at Rs. 6037.111
Millions and the Net Block as on 31.03.2014 stood at Rs.4587.603 Millions.
MANAGEMENT DISCUSSION AND ANALYSIS
INDUSTRY OVERVIEW
Transmission Sector in India
The Government of India,
having recognised the necessity to improve upon the existing archaic power
transmission and distribution system concomitantly along with investment in
generation of power in the country, has drawn up ambitious plans for connecting
the whole country with a common power grid and to electrify all houses in the
country by 2016 and 2020. There are separate agencies and plans for translating
the objects of the government into reality.
Government having
addressed the issue of power generation, has begun the serious efforts to
reduce the TandD losses from the peak 19% to about 6.5% in the next 5 years.
This ambitious target calls for revamping of the entire power distribution
mechanism in the country, which includes increasing the transmission voltages
and making the system more and more tamper proof. The country started upgrading
its grid capabilities under the aegis of PGCIL (Power Grid Corporation of
India) from the existing 132 / 220 kV to 400 / 765 kV to bring the country’s
power transmission system at par with other nations. The plans are on anvil to
create a national back bone with transmission capability of 1200 kV in the next
five year plan. This has resulted in a very bright business opportunity for
Sujana Towers as the demand for its products has witnessed a huge surge.
It is estimated
that the power demand of the country grows at a scary rate of 11% per year and
this factor alone calls for mega investments in the power sector in the coming
decade.
The advent of
Nuclear Power Era in the country, while addressing the demand for the
generation of the power, is expected to open another market front for the
products of the Company. The focussed power generation by nuclear plants call
for massive power evacuation lines to transmit the power generated by these
mega power stations to the country’s grid. This holds another exciting business
opportunity for the company.
Growth plans
Looking at the
current market trends prevailing STL is going aggressive plans with following
sectoral approach as key channels for Growth:
·
Transmission Towers
·
Telecom Towers
·
Substation Structures
·
Power Cables upto 33kV
·
Over Head Conductors
·
Technological Structures Fabrication
·
TSP for telecom sector
·
EPC – Projects division for Transmission line projects
·
Steel Re-Rolling
·
Transmission Projects – Design, Solutions and
Consulting
·
Galvanised TMT and Epoxy Coated TMT products
SUJANA’S COMPETITIVE STRENGTHS
·
Vertically Integrated and approved manufacturing
facilities
·
Huge installed capacity to meet customer dead lines
·
Three galvanising kettles to ensure absolute quality
and longevity of the product
·
TQM through control over deliverables on account of
the total in house manufacturing
·
Total Service Provision for entire passive telecom
infrastructure
·
Entire range of products for transmission lines except
control gear – one stop solution
·
Manufacturing of steel accredited by PGCIL – the
highest approval
·
In house designing facilities to ensure optimum
design;1
·
Total technical and tactical support to the customer
resulting in better project management
·
Only manufacturer in the country with this vast
product range
·
Demonstrated
capability to design, produce, test and commission Telecom Towers and
Transmission lines upto 400 kV
·
Can meet the demands of the fast emerging 765 kV lines
in the country
INDIAN STEEL
INDUSTRY
While the demand for steel will continue to grow in traditional sectors
such as infrastructure, construction, housing automotive, steel tubes and
pipes, consumer durables, packaging, and ground transportation, specialized
steel will be increasingly used in hi-tech engineering industries such as power
generation, petrochemicals, fertilizers,etc. The new airports and railway metro
projects will require a large amount of stainless steel.
TELECOM SECTOR IN
INDIA
Even though the consumer base statistics have witnessed rapid and double
digit growth, this, in the last three years has not translated into business
opportunities for the company due to the advent of the “Multi Tenant” Policy.
This means that an existing telecom tower can host the infrastructure of more
than one service provider. Due to the factor of safety already built in, some
towers could accommodate upto three tenants. This has caused a steep decline in
the demand for the telecom towers during 2005-2008. Most of the operators in
order to rationalise their costs have fixed their equipment on the existing
towers. This situation was further compounded by entry of new players into the
country. Every new telecom operator has first started ops in the metro area,
resulting into crowding of the towers. Thus, the threat posed by the mulit
tenancy has greatly receded.
However, having seen the demand curve flattening in the already
saturated metro and urban areas, the telecom operators have started roll out in
the Semi Urban and Rural areas which has opened another demand front for the
telecom towers made by the company.
Another demand driver for telecom towers is the 3G policy of the
government. This opens up two opportunities for the company: (i) Supply of new
towers to enable the rural roll out; (ii) Augmenting the existing towers
structurally to withstand the load withstand and safety factor demands raised
by placement of the 3G antennae and dishes.
BSNL, the state player has recently floated tenders worth Rs. 150000.000
Millions for roll out of about 1.8 Million towers / tower parts in the next
three to five years ( on an estimated price of Rs.8 Million per tower. This is
another exiting opportunity for the company.
PERFORMANCE
The Company achieved
a turnover of Rs.18009.861 Millions and earned profit after tax of Rs. 18.005
Millions. The Gross Block as on 31.03.2014 stood at Rs. 6037.111 Millions and
the Net Block as on 31.03.2014 stood at Rs.4587.603 Millions.
The Company is continuously focusing on fast
and quality execution, cost reduction, obtaining of financial support from
banks with competitive interest rates; order book building is being achieved by retaining the existing customers as well by
exploring new customers to retain the upward trend in the performance of the
Company.
STATEMENT OF
STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30TH JUNE,
2014.
(RS. IN MILLIONS)
|
S. No. |
Particulars |
3 months ended 30.06.2014 |
|
|
|
Unaudited |
|
1 |
Income From Operations |
|
|
|
a. Net Sales/Income from
Operations |
4277.810 |
|
|
b. Other Operating Income |
11.240 |
|
|
Total income from
Operations (Net) |
4289.050 |
|
|
|
|
|
2 |
Expenses |
|
|
|
a. Cost of Materials
Consumed |
477.668 |
|
|
b. Purchases of
Stock-in-trade |
3172.034 |
|
|
c. Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
(46.224) |
|
|
d. Employee benefits
expenses |
18.676 |
|
|
e. Depreciation and
amortization expenses |
67.471 |
|
|
f. Other Expenses (Any
Item exceeding 10% of the total Expenses relating to continuing operations to
be shown |
85.787 |
|
|
Total Expenses |
3775.412 |
|
|
|
|
|
3 |
(Profit/(Loss) from operations
before other income, finance costs and exceptional items |
513.638 |
|
4 |
Other Income |
2.726 |
|
5 |
Profit/(Loss) from
ordinary activities before finance costs and exceptional items (3 + 4) |
516.364 |
|
6 |
Finance costs |
503.039 |
|
7 |
Profit/(Loss) from
ordinary activities after finance costs but before exceptional items (5 + 6) |
13.325 |
|
8 |
Exceptional Items |
-- |
|
9 |
Profit/(Loss) from
ordinary activities before tax (7 + 8) |
13.325 |
|
10 |
Tax Expenses |
3.001 |
|
11 |
Net Profit/(Loss) from
ordinary activities after tax (9 + 10) |
10.324 |
|
12 |
Extraordinary items (net
of tax expenses Rs. in Millions) |
-- |
|
13 |
Net Profit/(Loss) for the
period 11 + 12) |
10.324 |
|
14 |
Share of Profit/(Loss) of
associates |
-- |
|
15 |
Minority Interest |
-- |
|
16 |
Net Profit/(Loss) after
taxes, minority interest and share of profit/(Loss) of associates (13+14+15) |
10.324 |
|
17 |
Paid-Up equity share
capital (Face Value of Rs.1/- each) |
519.149 |
|
18 |
Reserve excluding revaluation
reserves as per balance sheet of previous accounting year |
-- |
|
|
|
|
|
19.i |
Earnings per share (before extraordinary items) (of Rs.1/-
each) (not annualised): |
|
|
|
(a) Basic |
0.20 |
|
|
(b) Diluted |
0.20 |
|
|
|
|
|
19.ii |
Earnings per share (after extraordinary items ) (of Rs.1/-
each) (Not annualised) |
|
|
|
(a) Basic |
0.20 |
|
|
(b) Diluted |
0.20 |
|
|
|
|
|
A |
Particulars of Share Holdings |
|
|
1 |
Public Share Holding |
|
|
|
-Number of
Shares |
32,970,109 |
|
|
-Percentage
of Holding |
63.51 |
|
|
|
|
|
2 |
Promoters and Promoter Group Shareholding |
|
|
|
a) Pledged/Encumbered |
|
|
|
- Number
of shares |
18,630,957 |
|
|
-Percentage
of Shares (as a % of the total shareholding of promoter and promoter group) |
98.34 |
|
|
-Percentage
of Shares ( as a % of the total share capital of the company) |
35.89 |
|
|
|
|
|
|
b) Non - Encumbered |
|
|
|
-Number of
Shares |
313,857 |
|
|
-Percentage
of Shares ( as a % of the total Shareholding of Promoter an Promoter group) |
1.66 |
|
|
-Percentage
of Shares (as a % of the total Share capital of the Company) |
0.60 |
|
S. No. |
Particulars |
3 Months Ended 30.06.2014 |
|
B. |
Investor Complaints |
|
|
|
Pending at
the beginning of the quarter |
Nil |
|
|
Received
during the quarter |
Nil |
|
|
Disposed
of during the quarter |
Nil |
|
|
Remaining
unresolved at the end of the quarter |
Nil |
Note
1. The above
results have been reviewed by the Audit Committee and approved by the Board of
Directors on August 12, 2014.
2. As the Company’s Business Activity falls
within a single primary business segment viz., "Power and Telecom
Infrastructure" the disclosure of Accounting Standard (AS)-17
"Segment Reporting” as notified in Section 211(3C) of the Companies Act,
1956 is not applicable to the Company.
|
Particulars |
3 Months Ended 30.06.2014 |
|
Turnover
|
5034.469 |
|
Profit
before tax |
13.636 |
|
Profit
after tax |
10.35 |
|
Earning
per share |
|
|
Basic |
0.20 |
|
Dilutes |
0.20 |
3. The share capital of the Company has been
reduced due to redemption of Cumulative Redeemable Preference Shares (CRPS).
4. To facilitate comparison, figures of the
previous period have been re-arranged, wherever necessary.
FIXED ASSETS
·
Building
·
Plant
and Machinery
·
Workshop
Equipments
·
Weighing
Machine
·
Electrical
Installations
·
Furniture
and Fixtures
·
Office
Equipments
·
Vehicles
·
Computer
Software
·
Computers
PRESS RELEASES
SUJANA TOWERS TO INVEST RS 3000.000 MILLIONS CRORE IN ASSAM TOWER
FACILITY
MARCH 7, 2011
Sujana Towers (STL), a Hyderabad-based telecom and power infrastructure company, is planning to set up a tower manufacturing facility at Guwahati in Assam with an outlay of Rs 3000.000 Millions within the next financial year, according to managing director Kamesh Yalamarty.
“We are in the process of acquiring 100 acre in a government-owned special economic zone at Guwahati. The facility, to come up in 500,000 sft of constructed area with 100,000-tonne processing capacity, will comprise a unit each for fabrication, surface finishings and to make electrification structures for the Railways besides a tower-testing station that will cater to the needs of east and northeastern parts of the country,” he told Business Standard.
As against the conventional practice of 1:2 equity and debt, the company proposes to go in for a 2:1 equity-debt mix. The project will go on stream within the next fiscal.
Northeast has in abundance water resources and coal, which till now was used only for cement. Now, the government is giving permissions for coal-based power projects, Yalamarty said.
“Besides, there is a lot of outlay being earmarked for railway network in the region, which holds huge potential for STL. We expect a business potential of between Rs 7000.000 Millions and Rs 1,0000.000 Millions from the new facility in one-and-a-half years,” he added.
STL currently has six manufacturing units in and around Hyderabad, churning out 200,000 tonne of towers, 28,000 tonne of TSF (technological structures fabrication), 100 billion kilometre of cable and about 19,000 tonne of conductors annually and on a three-shift basis. Its annual installed capacity in terms of value is Rs 20000.000 Millions.
Yalamarty said the company had an orderbook of Rs 9000.000 Millions (equivalent to 100,000 tonne of towers) and was hopeful of doubling it by the end of April this year.
Stating that the company closed the last financial year with a net profit of Rs 600.000 Millions on revenues of Rs 9500.000 Millions, he said it was expecting to net Rs 900.000 Millions on Rs 15700.000 Millions revenues this year. “The growth will primarily be triggered by the spurt in transmission business. Also, the efforts that we had put in the North African market in the last two years have started bearing fruit,” he said.
STL, had in June 2008, acquired a 51 per cent stake in Mauritius-based telecom infrastructure company Telesuprecon Limited for an undisclosed sum. Telesuprecon has branches in various east and central African countries.
Sujana had also floated a subsidiary, Sujana STL Africa, spreading its operations to Zambia and Kenya.
Yalamarty said exports currently contributed 15 per cent to STL’s turnover and the company was planning to take it to 40 per cent in four years.
“Our internal target is to report revenues of Rs 50000.000 Millions and a bottom line of Rs 5000.000 Millions by 2016, with a Rs 20000.000 Millions export income down the road,” he said.
Stock of STL, which was cleaved from publicly-listed Sujana Metal Products Limited, ended the trade at Rs 34.90 on the BSE on Friday, up 1.60 per cent over the previous close of Rs 34.35.
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 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.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.7.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
31 |
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.