MIRA INFORM REPORT
|
Report No. : |
318829 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
STERLITE TECHNOLOGIES LIMITED (w.e.f 25.08.2007) |
|
|
|
|
Formerly Known
As : |
STERLITE
OPTICAL TECHNOLOGIES LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 68/1, Rakholi Village, Madhuban Dam Road, Silvassa –
396230, Dadar Nagar Haveli |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.03.2000 |
|
|
|
|
Com. Reg. No.: |
54-000340 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.787.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L31300DN2000PLC000340 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAECS8719B |
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|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
|
|
Line of Business
: |
Subject is primarily engaged in the manufacture and sale of
Power and Telecom products and solutions. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 34808000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a subsidiary of “Twin Star Overseas Limited”, Mauritius. It is an established company having good track record. The rating reflects company sound financial risk profile marked by
healthy net worth position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. 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 – 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 |
CRISIL |
|
Rating |
Long-term bank facilities A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
11.03.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short-term bank facilities A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
11.03.2015 |
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 DENIED
MANAGEMENT NON CO-OPERATIVE (91-260-6612000 / 6612201) (91-20-30514000)
LOCATIONS
|
Registered Office / Factory : |
Survey No. 68/1, Rakholi Village, Madhuban Dam Road, Silvassa –
396230, Dadar Nagar Haveli, India |
|
Tel. No. : |
91-260-6612000 |
|
Fax No. : |
91-260-6612013 |
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E-Mail : |
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|
Website : |
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Corporate Office : |
4th Floor, Godrej Millenium 9, Koregaon Road, Pune –
411001, Maharashtra, India |
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Sales Office : |
Located At:
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|
|
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Overseas Sales Office : |
Locate At:
|
DIRECTORS
As on 19.08.2014
|
Name : |
Mr. Anil Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
113/114 Samudra Mahal, Worli, Mumbai - 400018, Maharashtra, India |
|
Date of Birth/Age : |
07.09.1952 |
|
Date of Appointment : |
30.10.2006 |
|
DIN No. : |
00010883 |
|
|
|
|
Name : |
Mr. Arun Lalchand Todarwal |
|
Designation : |
Director |
|
Address : |
81, Shivner, 84, Nepean Sea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
16.06.1957 |
|
Date of Appointment : |
25.01.2003 |
|
DIN No. : |
00020916 |
|
|
|
|
Name : |
Mr. Anand Gopaldas Agarwal |
|
Designation : |
Whole-time director |
|
Address : |
Fl. No. 401, Amar Eternity, Baner Road, Sr. No. 13, Someshwarwadi, Pune - 411008, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1967 |
|
Date of Appointment : |
30.07.2003 |
|
DIN No. : |
00057364 |
|
|
|
|
Name : |
Allam Pallam Ramakrishnan Narayanaswamy |
|
Designation : |
Director |
|
Address : |
A-12, Archana CHS, Juhu Versova Link Road, Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1951 |
|
Date of Appointment : |
30.04.2007 |
|
DIN No. : |
00818169 |
|
|
|
|
Name : |
Mr. Krishnan Coimbatore Venkatakrishnan |
|
Designation : |
Director |
|
Address : |
Old 26 New 59 St. Mary's Road, R. A. Puram, Chennai - 600028, Tamilnadu, India |
|
Date of Birth/Age : |
09.03.1950 |
|
Date of Appointment : |
26.04.2013 |
|
DIN No. : |
01606522 |
|
|
|
|
Name : |
Mr. Pratik Pravin Agarwal |
|
Designation : |
Director |
|
Address : |
403-A, 3rd Floor, Samudra Mahal, A-Wing, Opp Lotus, Dr A.B. Road, Worli, Mumbai - 400018, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1982 |
|
Date of Appointment : |
26.04.2013 |
|
DIN No. : |
03040062 |
|
|
|
|
Name : |
Ms. Avaantika Rajesh Kakkar |
|
Designation : |
Additional director |
|
Address : |
A 1201, Sea Flama, Dosti Flamingos, T J Road,, Parel, Sewri, Mumbai - 400015, Maharashtra, India |
|
Date of Appointment : |
29.12.2014 |
|
DIN No. : |
06966972 |
KEY EXECUTIVES
|
Name : |
Mr. Anand Gopaldas Agarwal |
|
Designation : |
CEO |
|
Address : |
Waterfront, G 602, S. No.212, Next To Hsbc, Software, South Avenue,Kalyani Nagar, Pune - 411006, Maharashtra, India |
|
Date of Appointment : |
30.04.2014 |
|
PAN No.: |
ACNPA6974C |
|
|
|
|
Name : |
Mr. Amit Vilas Deshpande |
|
Designation : |
Secretary |
|
Address : |
B-3 Flat No.11 Ganesh Complex, Manik Baug Sinhgad Road, Pune - 411051, Maharashtra, India |
|
Date of Birth/Age : |
24.04.1980 |
|
Date of Appointment : |
05.03.2014 |
|
PAN No.: |
AGYPD6838M |
|
|
|
|
Name : |
Mr. Anupam Jindal |
|
Designation : |
CFO |
|
Address : |
Flat No-604-C Copa Cabana Fortaleza, Kalyani Nagar, Pune - 411006, Maharashtra, India |
|
Date of Appointment : |
30.04.2014 |
|
PAN No.: |
AHLPJ8220F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2014
|
Category of
Shareholder |
Total No. of Shares |
% of Total No. of
Shares |
|
(A) Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
1318756 |
0.33 |
|
|
4764295 |
1.21 |
|
|
6083051 |
1.54 |
|
|
|
|
|
|
209402750 |
53.15 |
|
|
209402750 |
53.15 |
|
Total shareholding of Promoter and Promoter Group (A) |
215485801 |
54.70 |
|
(B) Public Shareholding |
||
|
|
|
|
|
|
15029358 |
3.81 |
|
|
21592783 |
5.48 |
|
|
500 |
0.00 |
|
|
914737 |
0.23 |
|
|
10693157 |
2.71 |
|
|
48230535 |
12.24 |
|
|
|
|
|
|
19194906 |
4.87 |
|
|
|
|
|
|
83638477 |
21.23 |
|
|
23022968 |
5.84 |
|
|
4314240 |
1.10 |
|
|
3622123 |
0.92 |
|
|
200 |
0.00 |
|
|
6705 |
0.00 |
|
|
345567 |
0.09 |
|
|
223445 |
0.06 |
|
|
116200 |
0.03 |
|
|
130170591 |
33.04 |
|
Total Public shareholding (B) |
178401126 |
45.28 |
|
Total (A)+(B) |
393886927 |
99.98 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
85550 |
0.02 |
|
|
85550 |
0.02 |
|
Total (A)+(B)+(C) |
393972477 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the manufacture and sale of
Power and Telecom products and solutions. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
v Export-Import Bank Of India, Centre One Building, 21st Floor, World Trade Centre, Cuffe Parade, Mumbai - 400005, Maharashtra, India v Oriental Bank of Commerce, F.C. Road,, 917-20/20A, OBC Tower, Pune - 411004, Maharashtra, India v
Axis Bank Limited, Trishul 3rd Floor Opp
Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat,
India |
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
C 401,
Fourth Floor, Panchshil Tech Park, Yerwada, Pune – 411006, Maharashtra, India |
|
PAN
No. : |
AALFS0506L |
|
|
|
|
Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
|
|
|
|
Holding company : |
v Twin
Star Overseas Limited |
|
|
|
|
Subsidiary company
: |
v Sterlite Global Ventures (Mauritius) Limited v Sterlite Grid 2 Limited v Sterlite Grid Limited v East-North Interconnection Company Limited v Sterlite Technologies Europe Ventures Limited v Sterlite Technologies UK Ventures Limited v Maharashtra Transmission Communication Infrastructure Limited v Bhopal Dhule Transmission Company Limited v Jabalpur TransmissionCompany Limited v Sterlite Networks Limited v Sterlite Technologies Americas LLC v Jiangsu Sterlite and Tongguang Fiber Company Limited v Purul ia & Kharagpur Transmission Company Limited v Rapp
Transmission Company Limited |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
v Vedanta Resources PLC v Sesa Sterlite Limited v Sterlite Energy Limited v Sterlite Industries (India) Limited v Hindustan
Zinc Limited |
CAPITAL STRUCTURE
After 19.08.2014
Authorised Capital : Rs. 1500.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 788.118
Million
As on 19.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000000 |
Equity Shares |
Rs.2/- each |
Rs.1500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
393972477 |
Equity Shares |
Rs.2/- each |
Rs.787.945 Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000000 |
Equity Shares |
Rs.2/- each |
Rs.1500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
393800000 |
Equity Shares |
Rs.2/- each |
Rs.787.600 Million |
|
|
|
|
|
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 |
787.600 |
786.900 |
786.500 |
|
(b) Reserves & Surplus |
11395.300 |
11043.000 |
10662.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
91.400 |
|
Total
Shareholders’ Funds (1) + (2) |
12182.900 |
11829.900 |
11539.900 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6834.400 |
2066.800 |
3720.000 |
|
(b) Deferred tax liabilities (Net) |
866.400 |
872.100 |
735.100 |
|
(c) Other long term
liabilities |
0.000 |
15.900 |
597.600 |
|
(d) long-term
provisions |
51.800 |
153.100 |
398.500 |
|
Total Non-current
Liabilities (3) |
7752.600 |
3107.900 |
5451.200 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
5597.200 |
8323.500 |
6643.700 |
|
(b) Trade
payables |
6194.600 |
6192.500 |
5383.500 |
|
(c) Other
current liabilities |
3461.400 |
3238.400 |
3763.000 |
|
(d) Short-term
provisions |
274.500 |
172.300 |
153.000 |
|
Total Current
Liabilities (4) |
15527.700 |
17926.700 |
15943.200 |
|
|
|
|
|
|
TOTAL |
35463.200 |
32864.500 |
32934.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9982.100 |
9934.900 |
9579.600 |
|
(ii)
Intangible Assets |
78.900 |
77.600 |
62.900 |
|
(iii) Capital
work-in-progress |
161.300 |
289.700 |
7129.300 |
|
(iv)
Intangible assets under development |
2.700 |
0.000 |
33.500 |
|
(b) Non-current Investments |
2286.500 |
1891.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8840.300 |
6764.500 |
1236.600 |
|
(e) Other
Non-current assets |
123.200 |
691.200 |
1252.700 |
|
Total Non-Current
Assets |
21475.000 |
19648.900 |
19294.600 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
2050.000 |
0.000 |
130.000 |
|
(b)
Inventories |
2994.100 |
2915.400 |
2720.700 |
|
(c) Trade
receivables |
6712.800 |
6403.700 |
6687.100 |
|
(d) Cash
and cash equivalents |
441.200 |
1957.500 |
2162.400 |
|
(e) Short-term
loans and advances |
1734.200 |
1930.900 |
1854.400 |
|
(f) Other
current assets |
55.900 |
8.100 |
85.100 |
|
Total
Current Assets |
13988.200 |
13215.600 |
13639.700 |
|
|
|
|
|
|
TOTAL |
35463.200 |
32864.500 |
32934.300 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
27263.400 |
33537.100 |
26217.500 |
|
|
|
Other Income |
169.500 |
145.400 |
271.400 |
|
|
|
TOTAL |
27432.900 |
33682.500 |
26488.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
17768.600 |
22737.400 |
18003.900 |
|
|
|
Purchases of Stock-in-Trade |
281.200 |
708.300 |
545.700 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(180.500) |
60.300 |
(552.600) |
|
|
|
Employees benefits expense |
1223.900 |
1177.000 |
998.300 |
|
|
|
Other expenses |
5627.300 |
6396.200 |
5336.300 |
|
|
|
TOTAL |
24720.500 |
31079.200 |
24331.600 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2712.400 |
2603.300 |
2157.300 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
952.800 |
1055.700 |
924.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1759.600 |
1547.600 |
1233.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1028.800 |
859.500 |
715.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
730.800 |
688.100 |
518.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
228.800 |
213.500 |
121.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
502.000 |
474.600 |
396.400 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
1.28 |
1.21 |
1.01 |
|
|
|
Diluted |
1.27 |
1.20 |
1.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.84 |
1.42 |
1.51 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
9.95 |
7.76 |
8.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.21 |
2.24 |
2.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.06 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.02 |
0.88 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90 |
0.74 |
0.86 |
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 |
786.500 |
786.900 |
787.600 |
|
Reserves & Surplus |
10662.000 |
11043.000 |
11395.300 |
|
Net worth |
11448.500 |
11829.900 |
12182.900 |
|
|
|
|
|
|
long-term borrowings |
3720.000 |
2066.800 |
6834.400 |
|
Short term borrowings |
6643.700 |
8323.500 |
5597.200 |
|
Total borrowings |
10363.700 |
10390.300 |
12431.600 |
|
Debt/Equity ratio |
0.905 |
0.878 |
1.020 |
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) |
|
Revenue from operations |
26217.500 |
33537.100 |
27263.400 |
|
|
|
27.919 |
-18.707 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
26217.500 |
33537.100 |
27263.400 |
|
Profit |
396.400 |
474.600 |
502.000 |
|
|
1.51% |
1.42% |
1.84% |
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10556768 |
24/03/2015 |
3,000,000,000.00 |
Export-Import Bank of India |
Centre One Building, Floor 21, World Trade
Centre Complex, Cuffe Parade, Mumbai, Maharashtra - 4000 |
C47605043 |
|
2 |
10542435 |
19/12/2014 |
57,930,000,000.00 |
STATE BANK OF INDIA |
Corporate Accounts Group II, The Capital, A
Wing, 16th Floor, BKC, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C40134736 |
|
3 |
10484014 |
25/06/2014 * |
2,500,000,000.00 |
STATE BANK OF INDIA |
Corporate Accounts Group II, The Capital, A
Wing, 16th Floor, BKC, Bandra (E), Mumbai, Maharashtra - 400051,
INDIA |
C12269593 |
|
4 |
10486998 |
25/06/2014 * |
2,500,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills
Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
C11092731 |
|
5 |
10401862 |
25/06/2014 * |
1,500,000,000.00 |
STATE BANK OF INDIA |
Corporate Accounts Group II, The Capital, A
Wing, 16th Floor, BKC, Bandra (E), Mumbai, Maharashtra - 400051,
INDIA |
C12257598 |
|
6 |
10402643 |
25/06/2014 * |
1,000,000,000.00 |
Export Import Bank of India |
Floor 21, World Trade Centre, Cuffe Parade,
Colaba, Mumbai, Maharashtra - 400005, INDIA |
C12246161 |
|
7 |
10403684 |
22/01/2013 |
5,730,000,000.00 |
STATE BANK OF INDIA |
Neville House, J.N. Heredia Marg, Ballard
Estate, Mumbai, Maharashtra - 400001, INDIA |
B68308972 |
|
8 |
10403874 |
22/01/2013 |
1,750,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF
INDIA, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI, Maharashtra - 400018,
INDIA |
B68452630 |
|
9 |
10403942 |
22/01/2013 |
1,500,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN
POINT, MUMBAI, Maharashtra - 400021, INDIA |
B68489483 |
|
10 |
10405909 |
22/01/2013 |
3,000,000,000.00 |
CORPORATION BANK |
Corporate Banking Branch, 104 Bharat House,
M S Marg, Fort, Mumbai, Maharashtra - 400023, INDIA |
B68634260 |
|
11 |
10405941 |
22/01/2013 |
8,920,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, Gujarat - 390015, INDIA |
B68594027 |
|
12 |
10406455 |
22/01/2013 |
4,250,000,000.00 |
BANK OF MAHARASHTRA |
Lokmangal, 1501, Shivajinagar, Pune,
Maharashtra - 411005, INDIA |
B68926468 |
|
13 |
10406463 |
22/01/2013 |
3,930,000,000.00 |
Bank of Baroda |
CORPORATE FINANCIAL SERVICES BRANCH, MANTRI
COURT, 1ST FLOOR, 39 RAMABAI AMBEDKAR ROAD, PUNE, Maharashtra - 411001, INDIA |
B68906957 |
|
14 |
10406828 |
22/01/2013 |
3,000,000,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE,
LAW G |
B69045763 |
|
15 |
10406831 |
22/01/2013 |
750,000,000.00 |
Citi Bank N.A. |
Citigroup Centre, 7th Floor, Bandra -Kurla
Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
B69079408 |
|
16 |
10406841 |
22/11/2013 * |
2,000,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
Centre One Building, Floor 21, World Trade
Centre Complex, Cuffe Parade,
Mumbai, Maharashtra - 400005, INDIA |
B90226713 |
|
17 |
10406848 |
22/01/2013 |
1,500,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B69045904 |
|
18 |
10406868 |
22/01/2013 |
6,750,000,000.00 |
ORIENTAL BANK OF COMMERCE |
F.C. Road, 917-20/20A, OBC Tower, Pune, Maharashtra
- 411004, INDIA |
B69045854 |
|
19 |
10406870 |
22/01/2013 |
2,750,000,000.00 |
UNION BANK OF INDIA LIMITED |
Union Bank Bhavan, 239, Vidhan Bhavan Marg,
Mumbai, Maharashtra - 400021, INDIA |
B69078129 |
|
20 |
90141388 |
09/11/2004 |
2,240,500,000.00 |
HOUSING DEVELOPMENT FINANCE |
RAMAN HOUSE; H.T PARAKH MARG, BACKBAY
RECLAMATION; CHURCHGATE, MUMBAI, Maharashtra - 400020, INDIA |
- |
|
21 |
90144133 |
19/10/2002 |
457,700,000.00 |
IL & FS TRUST COMPANY LTD |
IL & FS CENTRE, C-22;BLOCK G;BANDRA
KURLA, MUMBAI, Maharashtra - 400051, INDIA |
- |
* Date of charge modification
CORPORATE
INFORMATION
The Company is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on two stock exchanges in India. The Company is primarily engaged in the manufacture and sale of Power and Telecom products and solutions. Telecom products and solutions mainly include integrated optical fiber, other telecom products such as fiber optical cables, copper telecom cables, structured data cables, access equipments, fiber connectivity and system integration solution offerings for telecom networks and other service providers. Power products and solutions mainly includes power transmission conductors and cables.
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.63.20 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
-- PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.