MIRA INFORM REPORT

 

 

Report No. :

308108

Report Date :

16.02.2015

 

IDENTIFICATION DETAILS

 

Name :

STAR TRACE PRIVATE LIMITED

 

 

Registered Office :

New No : 5, Old No :7 Jeevanandham Street, Redhills, Chennai – 600052, Tamilnadu

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

03.09.1998

 

 

Com. Reg. No.:

18-041085

 

 

Capital Investment / Paid-up Capital :

Rs. 10.000 Millions

 

 

CIN No.:

[Company Identification No.]

U51103TN1998PTC041085

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Magnetic Equipments and Vibratory Equipments.

 

 

No. of Employees :

100 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 62000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Exist

 

 

Comments :

Subject is an established company having satisfactory track record.

 

The management has failed to file its financial with government department for the year 2014.

 

As per available financial of 2013, general financial position of the company seems to be sound. Profitability of the company is fair.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered for business dealings at usual trade terms and condition.

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – 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

 

 

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 :

Ms. Sudha

Designation :

Deputy General Manager

Contact No.:

91-44-26321356

Date :

13.02.2015

 

 

LOCATIONS

 

Registered Office :

New No : 5, Old No: 7 Jeevanandham Street, Redhills, Chennai – 600052, Tamilnadu, India

Tel. No.:

91-44-26418456

Mobile No.:

91-9380521576 (Mr. P R Maheshwar)

Fax No.:

Not Available

E-Mail :

startraceindia@gmail.com

Location :

Owned

 

 

Factory 1 :

No.1186, Thiruvallur High Road, M.A. Nagar, Red Hills, Chennai – 600052, Tamilnadu

 

 

Factory 2 :

No.146 / 3, Musk Street, Red Hills, Chennai – 600052

 

 

Factory 3 :

New No : 5, Old No :7 Jeevanandham Street, Redhills, Chennai – 600052, Tamilnadu, India

 

DIRECTORS

 

As on: 30.09.2013

 

Name :

Mr. P R Maheshwaran

Designation :

Managing Director

Address :

No. 7, Jeevanandam Street, Redhills, Chennai – 600052, Tamilnadu, India

Date of Birth/Age :

25.10.1969

Qualification :

BE

Date of Appointment :

03.09.1998

DIN No. :

01913389

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51103TN1998PTC041085

STAR TRACE PRIVATE LIMITED

Managing director

03/09/1998

03/09/1998

-

Active

NO

2

U14297TN2004PTC054193

ADITHYA HI-SILICA PRIVATE LIMITED

Managing director

10/09/2004

10/09/2004

-

Strike off

NO

 

 

Name :

Mr. Kathirvel Parthiban Rasu

Designation :

Whole Time Director

Address :

No. 7, Jeevanandam Street, Redhills, Chennai – 600052, Tamilnadu, India

Date of Birth/Age :

12.05.1948

Qualification :

BA

Date of Appointment :

03.09.1998

DIN No. :

01898688

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51103TN1998PTC041085

STAR TRACE PRIVATE LIMITED

Whole-time director

03/09/1998

03/09/1998

-

Active

NO

2

U14297TN2004PTC054193

ADITHYA HI-SILICA PRIVATE LIMITED

Whole-time director

28/08/2009

28/08/2009

-

Strike off

NO

 

 

 

 

KEY EXECUTIVES

 

Name :

Ms. Rajeshwari

Designation :

Sales Department

 

 

MAJOR SHAREHOLDERS

 

As on: 30.09.2013

 

Names of Shareholders

No. of Shares

% of Holding

P R Maheshwaran

750000

75.00

Kathirvel Parthiban Rasu

150000

15.00

Mohanasundari

50000

5.00

Ponnal

50000

5.00

Total

1000000

100.00

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2013

 

Category

 

Percentage

 

 

 

Directors or relatives of directors

 

100.00

Total

 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Magnetic Equipments and Vibratory Equipments.

 

 

 

 

Products :

Magnetic Equipments include :-

·         Rare Earth Magnets

·         Alnico Magnet

·         Ferrrite Magnet

·         Therapy Magnet

·         Demagetizer

·         Magnetizer

·         Gauss Meter

·         Borewell Magnet

·         Magnetic Separator Roll

·         Suspended Magnet

·         Shifter Magnet

·         Oil skimmer

·         Magnetic Welding Clamps

·         Magnetic Sheet Fanner

·         Magnetic Rack

·         Magnetic Plate

·         Magnetic Links

·         Magnetic Floor Sweeper

·         Wet/ Magnetic Drum Separators

·         Magnetic Coolant Separators

·         Magnetic Chucks

·         Magnetic Hopper

·         Lifting Magnet

·         Hump Magnet

·         Funnel Magnet

·         Over Band Magnetic Separators

·         Circular Lifting Magnets

·         Antiscale Water Treatment Magnets

·         Magnetic Pulley

 

Vibrating Equipments include :-

·         Vibratory Motors

·         Vibrating Feeders

·         Vibro Screen

·         Vibrating Table

·         Bin Vibrator

·         Screen Separator

·         Electro Mechanical Feeders

·         Electro Magnetic Feeders

·         Bump Testing Mechanical Feeders

·         Grizzly/Reciprocating Feeder

·         Vibrating Shifter

·         Vibrating Test Bed

·         Vibrating Tumpler Screening Machine

·         Vibration Meter

·         Vibratory Roller

·         Vibro Energy Finishing Machine

·         Test Sieve Shaker

·         Dewatering Feeders

 

Other Equipments include :-

·         Mineral Water Processing and Packaging Systems

·         Ribbon Blenders

·         Destoner

·         Mixer

·         Pouch Packaging Machine

·         Computer Stationary and Printing Machine

·         Vessels

·         Reactors

·         Crushers

·         Machinery for Cashewnet Processing and Packaging the Multifeed ZD

 

 

 

 

Exports :

 

 

Products :

Finished Goods

Countries :

UAE

 

 

Imports :

 

Products :

Raw Material

Countries :

China

 

 

Terms :

 

Selling :

Cash Depend

 

 

Purchasing :

Cash Depend

 

 

PRODUCTION STATUS : Not Available

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Wholesalers and Retailers

 

Reference :

Automotive Axles Limited. Mysore / Karnataka

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

·         C.P. Aqua Culture (India) Private Limited @ Chennai / Tamilnadu

·         Essar Constructions Limited, @ Vishakhapatnam

·         Future industries Limited @ Chennai / Tamilnadu

·         Ghate Patel Ind. Limited @ Kolhapur Maharashtra

·         Gimpex Limited @ Chennai / Tamilnadu

·         Gnp Limited (Nerolac Paints) @ Chennai / Tamilnadu

·         Granite (India) Private Limited. @ Chennai / Tamilnadu

·         Hindustan lever ltd. @ Puducherry

·         Hyundai motors India ltd @ Tamilnadu

·         Johnson lifts Private Limited @ Chennai / Tamilnadu

·         Kappa Electricals @ Chennai / Tamilnadu

·         Larsen and Toubro Limited @ Puducherry

·         Lucas TVS @ Padi and Puducherry

·         Millmore Engg. Private Limited @ Chennai / Tamilnadu

·         Multi ARC India Limited @ Gummidipoondi

·         Orchid healthcare @ Chennai / Tamilnadu

·         Power Soap Wroks @ Puducherry

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

Banker Name

State Bank of India

Branch Address

SME Ambattur Branch, 86A and B, II Main Road, Chennai - 600 053, Tamilnadu, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

·         State Bank of India

SECC Park Town Branch, Evening Bazar Road, Chennai - 600 003, Tamilnadu

 

 

Facilities :

 

Secured Loan

As on

31.03.2013

As on

31.03.2012

 

(Rs. In Millions)

LONG TERM BORROWINGS:

 

 

Term Loan From Bank

8.559

4.604

Less: current maturities of long term debt

3.047

2.262

SHORT TERM BORROWINGS:

 

 

From Banks

5.962

11.287

 

 

 

Total

11.474

13.629

 

 

 

Auditors :

 

Name :

L Mukundan and Associates

Chartered Accountants

Address :

No. 24, V V Koil Street, Teynampet, Chennai – 600086, Tamilnadu,India

Tel. No.:

91-44-24351328

E-Mail :

Mail2lma@yahoo.com

PAN No.:

AACFL1273G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on: 31.03.2013

 

Authorized Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs. 10.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs. 10.000 Millions

 

 

 

 

 

 

 

 

FINANCIAL DATA

[All figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

10.000

5.000

1.000

(b) Reserves & Surplus

11.990

9.169

6.993

(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)

21.990

14.169

7.993

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

14.753

8.223

7.077

(b) Deferred tax liabilities (Net)

0.672

0.537

0.304

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

15.425

8.760

7.381

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

11.287

5.962

2.340

(b) Trade payables

7.865

3.916

6.824

(c) Other current liabilities

4.094

3.711

1.157

(d) Short-term provisions

4.687

3.561

2.895

Total Current Liabilities (4)

27.933

17.150

13.216

 

 

 

 

TOTAL

65.348

40.079

28.590

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

21.371

8.332

7.285

(ii) Intangible Assets

0.000

0.000

0.000

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

0.400

0.200

0.100

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

21.771

8.532

7.385

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

10.550

8.564

11.638

(c) Trade receivables

18.193

17.436

6.207

(d) Cash and cash equivalents

0.808

0.774

0.112

(e) Short-term loans and advances

4.841

4.762

3.157

(f) Other current assets

9.185

0.011

0.091

Total Current Assets

43.577

31.547