MIRA
INFORM REPORT
|
Report No. : |
308464 |
|
Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
S T P LIMITED (w.e.f. 09.01.1985) |
|
|
|
|
Formerly Known
As : |
SHALIMAR TAR PRODUCTS (1935) LIMITED |
|
|
|
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Registered
Office : |
6, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.11.1935 |
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|
Com. Reg. No.: |
21-008423 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.173.506
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23109WB1935PLC008423 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CALS00703D |
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|
|
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PAN No.: [Permanent Account No.] |
AAECS6339M |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Manufacturer and exporter of Construction Chemicals, Bitumen and
Waterproofing Products. |
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|
|
|
No. of Employees
: |
320 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1000000 |
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|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “TURNER MORRISON LIMITED”. It is an
established company having moderate track. The rating is constrained on account of continuous losses made by the company
from its operations in the past few years. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealing with some 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash credit and Bank Guarantee “B-” |
|
Rating Explanation |
Risk prone credit quality and carries very
high credit risk |
|
Date |
February 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Letter of credit =A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
February 2015 |
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 PARTED BY
|
Name : |
Mr. Nagesh Patil |
|
Designation : |
Assistant Accounts Manager |
|
Contact No.: |
91-832-2763831 |
|
Date : |
01.04.2015 |
LOCATIONS
|
Registered Office : |
6, |
|
Tel. No.: |
91-33-23280022/ 30280022/2763831 |
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Fax No.: |
91-33-30280025 |
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E-Mail : |
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|
Website : |
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Area : |
17300 sq.ft. |
|
Location : |
Rented |
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|
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Corporate Office : |
707,
Chiranjiv Tower, 43, Nehru Place, New Delhi – 110 019, India |
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Tel. No.: |
91-11-46561359 |
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Fax No.: |
91-11-46561358 |
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E-Mail : |
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|
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Factory 1 : |
Plot No.M6-9, Cuncolim Industrial Estate, Cuncolim
Salcete, Goa - 403 703, India |
|
Tel. No.: |
91-832-2763831 |
|
Fax No.: |
91-832-2865798 |
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E-Mail : |
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Factory 2 : |
Dimna Road, Mizadih Mango, Jamshedpur – 831 018,
Jharkhand, India |
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Tel. No.: |
91-657-6456914/ 16 |
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Fax No.: |
91-657-2463461 |
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E-Mail : |
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Factory 3 : |
55/56, A&A Development Plot, Industrial Estate, Ambattur – 600
098, Tamilnadu, India |
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Tel. No.: |
91-44-26251637 |
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Fax No.: |
91-44-26253714 |
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E-Mail : |
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Factory 4 : |
D-16 and 17, UPSIDC Industrial Area, Kosi Kotwan, Navipur, Mathura – 281 401, Uttar Pradesh, India |
|
Tel. No.: |
91-5662-698985 |
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Factory 5 : |
Plot No.1721, GIDC Industrial Estate, Panoli, Ankleshwar, District Bharuch – 394 116, Gujarat, India |
|
Tel. No.: |
91-2646-272137/ 272138/ 272231/ 272235 |
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E-Mail : |
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Factory 6 : |
Sipaigachi, Village and Post. Charpur, PS. Haripal, District Hooghly – 712 706, West Bengal, India |
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Tel. No.: |
91-33-32422436 |
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E-Mail : |
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Branch Office : |
Located at: ·
Chandigarh ·
Ghaziabad
·
Jaipur
·
Bhubaneswar
·
Jamshedpur ·
Rourkela ·
Patna ·
Siliguri · Guwahati ·
Chattisgarh ·
Ahmedabad ·
Goa ·
Indore ·
Pune ·
Nagpur ·
Vadodara ·
Ankleshwar ·
Rajkot ·
Chennai ·
Secunderabad · Cochin |
|
|
|
|
Regional Office: |
Located at: ·
New Delhi ·
Mumbai ·
Kolkata ·
Bangalore |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Amit Judge |
|
Designation : |
Director |
|
Address : |
42, Sunder Nagar, New Delhi – 110 003, India |
|
Date of Birth/Age : |
14.10.1958 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
29.09.2004 |
|
DIN No.: |
00148854 |
|
PAN No. : |
AACPJ3138Q |
|
|
|
|
Name : |
Mr. Krishna Prasad Shrivastav |
|
Designation : |
Whole Time Director |
|
Address : |
1401, Sector 46, NJ, Gurgaon – 122 001, Haryana India |
|
Date of Birth/Age : |
02.09.1955 |
|
Qualification : |
CA and CS |
|
Date of Appointment : |
19.06.2003 |
|
DIN No.: |
00131298 |
|
PAN No. : |
ANYPS5602F |
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|
|
|
Name : |
Mr. Krishna Kumar Biyani |
|
Designation : |
Director |
|
Address : |
15C, Anil Roy Road, Kolkata – 700 029, West Bengal, India |
|
Date of Birth/Age : |
01.07.1950 |
|
Qualification : |
CS |
|
Date of Appointment : |
27.09.2005 |
|
DIN No.: |
00050096 |
|
PAN No. : |
AFVPB1894D |
|
Voter ID No.: |
WB/23/152/015383 |
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|
|
|
Name : |
Mr. Tarit Kumar Roy |
|
Designation : |
Director |
|
Address : |
FD-279, Sector III, Salt Lake, Kolkata – 700 091, West Bengal, India |
|
Date of Birth/Age : |
04.06.1940 |
|
Qualification : |
M. Tech |
|
Date of Appointment : |
27.06.2009 |
|
DIN No.: |
02136114 |
|
PAN No. : |
ACHPR9450L |
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|
|
|
Name : |
Mr. Ranjit Chowdhury |
|
Designation : |
Director |
|
Address : |
MA-1/6, GC, Garden Estate, Gurgaon - 122 002, Haryana, India |
|
Date of Birth/Age : |
25.04.1965 |
|
Qualification : |
MBA |
|
Date of Appointment : |
27.06.2009 |
|
DIN No.: |
00593019 |
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PAN No. : |
AAAPD2583M |
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|
|
|
Name : |
Mr. Lalit Puri |
|
Designation : |
Director |
|
Address : |
3/4 Rani Jhansi Road, New Delhi,
110055, Delhi, India |
|
Date of Birth/Age : |
16.01.1953 |
|
Date of Appointment : |
05.09.2012 |
|
DIN No.: |
06389299 |
KEY EXECUTIVES
|
Name : |
Mr. Kapil Jha |
|
Designation : |
Assistant Accounts Manager |
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|
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|
Name : |
Mr. Jai Prakash Kukreja |
|
Designation : |
Company Secretary |
|
Address : |
D-504, High Flats, Jhulelal Apartments, Road No.44, Pitampura, Delhi –
110 034, India |
|
Date of Birth/Age : |
09.04.1961 |
|
Date of Appointment : |
18.12.2006 |
|
PAN No.: |
AAGPK1514M |
MAJOR SHAREHOLDERS
AS ON 31.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
Turner Morrison Limited, India |
|
12700940 |
|
SKG Fiscals Limited, India |
|
2000100 |
|
Vasundhara Holdings Limited, India |
|
954740 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Public Financial
Companies |
0.92 |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
0.53 |
|
Bodies corporate |
91.12 |
|
Directors or relatives of Directors |
4.09 |
|
Other top fifty shareholders |
3.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of Construction Chemicals, Bitumen and
Waterproofing Products. |
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Products : |
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Brand Names : |
·
“TARFELT”, ·
“TERAROOF” ·
“THERMOLAY” |
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Exports : |
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Products : |
·
Construction Chemicals ·
Bitumen ·
Waterproofing Products. |
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Countries : |
·
Middle East ·
Kenya ·
South Africa |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
United States of America ·
Germany |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers
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No. of Employees : |
320 (Approximately) |
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Bankers : |
· ICICI Bank Limited ·
State Bank of ·
Allahabad Bank, 16, · ANZ Grindlays Bank, PLC, H Block, Connaught Place, New Delhi – 110 001, India · Corporation Bank, M-41, Connaught Circus, New Delhi – 110 001, India · Corporation Bank, Ghatkopar Branch, Mumbai, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
Lodha and Company Chartered Accountants |
|
Address : |
12, Bhagat Singh Marg, |
|
PAN No.: |
AABFL1894Q |
|
|
|
|
Holding Company : |
Turner Morrison Limited (CIN No.: U51109WB1913PLC002404) |
|
|
|
|
Fellow
Subsidiary Company : |
·
Grahams Trading Company India Limited
·
Lodna Colliery (1920) Co
Limited ·
Vasundhara Holdings
Limited ·
Tuareg Properties and
Securities Services Limited |
|
|
|
|
Enterprises over
which Director(s) have significant influence : |
·
STP InfraCare Private Limited CIN No.:U24100GJ2009PTC057582 · CoatSeal Polymers Private Limited CIN No.: U24100DL2012PTC238434 · Woolvest Merchandise Private Limited CIN No.: U51909WB1994PTC062495 |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17350616 |
Equity Shares |
Rs.10/- each |
Rs.173.506 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
173.506 |
145.627 |
145.627 |
|
(b) Reserves & Surplus |
186.640 |
183.574 |
217.792 |
|
(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) |
360.146 |
329.201 |
363.419 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
191.581 |
168.486 |
120.643 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
3.581 |
3.624 |
3.078 |
|
(d) long-term provisions |
12.556 |
11.220 |
10.020 |
|
Total
Non-current Liabilities (3) |
207.718 |
183.330 |
133.741 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
296.721 |
368.193 |
373.249 |
|
(b) Trade payables |
155.450 |
138.239 |
137.317 |
|
(c) Other current liabilities |
69.245 |
66.642 |
47.427 |
|
(d) Short-term provisions |
22.420 |
23.708 |
24.545 |
|
Total
Current Liabilities (4) |
543.836 |
596.782 |
582.538 |
|
|
|
|
|
|
TOTAL |
1111.700 |
1109.313 |
1079.698 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
378.919 |
320.067 |
198.154 |
|
(ii) Intangible Assets |
0.359 |
0.452 |
0.000 |
|
(iii) Capital work-in-progress |
0.695 |
63.736 |
51.204 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.020 |
0.514 |
|
(c) Deferred tax assets (net) |
35.374 |
14.543 |
0.198 |
|
(d) Long-term Loan and Advances |
32.368 |
31.665 |
40.822 |
|
(e) Other Non-current assets |
7.133 |
2.788 |
2.820 |
|
Total
Non-Current Assets |
454.848 |
433.271 |
293.712 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
182.007 |
209.471 |
294.643 |
|
(c) Trade receivables |
288.352 |
271.499 |
290.580 |
|
(d) Cash and cash equivalents |
39.321 |
37.199 |
47.801 |
|
(e) Short-term loans and
advances |
146.738 |
157.188 |
152.493 |
|
(f) Other current assets |
0.434 |
0.685 |
0.469 |
|
Total
Current Assets |
656.852 |
676.042 |
785.986 |
|
|
|
|
|
|
TOTAL |
1111.700 |
1109.313 |
1079.698 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1311.408 |
1295.249 |
1357.122 |
|
|
|
Other Income |
3.834 |
2.186 |
3.792 |
|
|
|
TOTAL (A) |
1315.242 |
1297.435 |
1360.914 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
499.364 |
418.056 |
517.988 |
|
|
|
Purchase of Stock-in-trade |
442.701 |
487.252 |
609.284 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
24.546 |
77.709 |
(103.270) |
|
|
|
Employee Benefits Expenses |
116.387 |
112.101 |
98.764 |
|
|
|
Other Expenses |
206.556 |
174.522 |
167.925 |
|
|
|
TOTAL (B) |
1289.554 |
1269.640 |
1290.691 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
25.688 |
27.795 |
70.223 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
64.049 |
60.378 |
48.249 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
-38.361 |
-32.583 |
21.974 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
21.223 |
15.979 |
11.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(59.584) |
(48.562) |
10.464 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(20.831) |
(14.345) |
(4.937) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(38.753) |
(34.217) |
15.401 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.34) |
(2.35) |
1.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.96) |
(2.64) |
1.13 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.96 |
2.15 |
5.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.54) |
(4.71) |
1.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.17) |
(0.15) |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.36 |
1.63 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.13 |
1.35 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
145.627 |
145.627 |
173.506 |
|
Reserves & Surplus |
217.792 |
183.574 |
186.640 |
|
Net
worth |
363.419 |
329.201 |
360.146 |
|
|
|
|
|
|
long-term borrowings |
120.643 |
168.486 |
191.581 |
|
Short term borrowings |
373.249 |
368.193 |
296.721 |
|
Total
borrowings |
493.892 |
536.679 |
488.302 |
|
Debt/Equity
ratio |
1.359 |
1.630 |
1.356 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1357.122 |
1295.249 |
1311.408 |
|
|
|
(4.559) |
1.248 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1357.122 |
1295.249 |
1311.408 |
|
Profit |
15.401 |
(34.217) |
(38.753) |
|
|
1.13% |
(2.64%) |
(2.96%) |
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 |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Rupee term loans from banks |
127.997 |
0.000 |
|
Rupee term loans from others |
0.000 |
87.294 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Intercorporate
Borrowings |
53.137 |
160.625 |
|
|
|
|
|
Total |
181.134 |
247.919 |
OPERATIONS OF THE
COMPANY
The year was again a very challenging year arising out of slower economic growth, excess supply of commercial and residential spaces, and deferment of major investment decisions in view of the impending Lok Sabha elections culminating in huge negative sentiments in the market. Despite all requisite infrastructures being in place, the Company could not achieve the desired turnover due to sluggish market conditions and prudent Credit Policy. The turnover of the Company remained more or less the same as compared to the previous year but the profitability of the company has gone down due to higher interest cost and depreciation resulting from Capex undertaken by the Company to meet market challenges and improve its margin. Needless to mention, the Company could not sweat out its factories due to poor demand. The recently installed NDA Government has initiated steps to revive the economy. The Company is looking forward to Achche Din in coming months with markets and sentiments decidedly positive, though liquidity continues to be a big concern. STP continues to endeavour to establish itself as a research-led, specification driven and solution provider company. This has started showing results. The Specification-Team was successful in getting the Company’s products specified in big ticket projects which will enhance the marketing capability of the Company.
Avishkar, the R&D arm of the Company, has helped to improve margin by introducing several products in the market like SuperThermoLay SA, SuperThermoLay AR, SuperThermoLay BD, ShaliUrethane LHM, ShaliUrethane LM, ShaliCryl LM, ShaliKote LM, ShaliFloor SLUL 1C, ShaliSeal RSTC, ShaliPlast LW and ShaliPlast LW +. DIVIDEND The Directors do not recommend any dividend for the year.
FUTURE OUTLOOK
STP has taken all the measures to leap forward as a research-led, specification driven, solution giver, innovative Company. The Company is well poised for its forward movement with new production facilities in place, frequent interactive sessions with architects, specifiers and key customers, and well equipped marketing team.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10394544 |
14/12/2012 |
19,300,000.00 |
CORPORATION
BANK CONNAUGHT CIRCUS BRANCH |
M-
41, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B65014243 |
|
2 |
10378486 |
08/08/2012 |
38,500,000.00 |
CORPORATION
BANK |
M-41,,
CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B58903931 |
|
3 |
10354912 |
27/04/2012 |
8,000,000.00 |
CORPORATION
BANK |
M-41,CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B39391842 |
|
4 |
10331712 |
07/12/2011 |
50,000,000.00 |
ING VYSYA
BANK LIMITED |
NARIAN
MANZIL GROUND FLOOR, SHOP NO. G1 TO G5, I |
B30533467 |
|
5 |
10321472 |
01/11/2011 |
47,100,000.00 |
CORPORATION
BANK |
M-41,CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B27068790 |
|
6 |
10316609 |
31/10/2011 |
40,000,000.00 |
STATE
BANK OF HYDERABAD |
CORE
6 SCOPE COMPLEX, LODHI ROAD, NEW DELHI, DELHI - 110003, INDIA |
B24908402 |
|
7 |
10308643 |
15/09/2011 |
23,161,000.00 |
CORPORATION
BANK |
M-41,CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B21789334 |
|
8 |
10293199 |
11/06/2011 |
10,000,000.00 |
CORPORATION
BANK |
M-41,CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B15352388 |
|
9 |
10263358 |
14/01/2011 |
100,000,000.00 |
CORPORATION
BANK |
M-41,
CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B04785911 |
|
10 |
10252556 |
10/11/2010 |
640,000.00 |
CORPORATION
BANK |
M-41,CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
A99655268 |
|
11 |
10252557 |
08/10/2010 |
300,000.00 |
CORPORATION
BANK |
M-41,CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
A99655987 |
|
12 |
10126985 |
22/02/2012
* |
350,000,000.00 |
STATE
BANK OF HYDERABAD |
CORE 6,
SCOPE COMPLEX, LODHI ROAD, NEW DELHI, NEW DELHI, DELHI - 110003, INDIA |
B34633768 |
* Date of charge modification
FIXED ASSETS:
· Land
· Buildings
· Plant and Machinery
· Furniture and Fixtures
·
Vehicles
· Office 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 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.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
30 |
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.