MIRA INFORM REPORT
|
Report No. : |
303976 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
STERLING AGRO INDUSTRIES LIMITED (w.e.f. 16.10.2009) |
|
|
|
|
Formerly Known
As : |
STERLING AGRO INDUSTRIES PRIVATE LIMITED (w.e.f. 02.02.2009) STERLING AGRO INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
11th Floor, Aggarwal Cyber Plaza - II, Netaji Subash Place,
Pitampura, New Delhi – 110 034 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.10.1991 |
|
|
|
|
Com. Reg. No.: |
55-189775 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.371.678
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01111DL1991PLC189775 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS24285C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS2278R |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Manufacturer, Exporter and Importer of Dairy Products. |
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|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 7700000 |
|
|
|
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects reflect sterling’s established market positon in the
diary products industry supported by adequate liquidity positon and financial
base of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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: (A) |
|
Rating Explanation |
Adequate degree of safety and carry low
credit risk. |
|
Date |
12.11.2014 |
|
Rating Agency Name |
CRISIL |
|
Short Term Rating |
Short term: (A1) |
|
Rating Explanation |
Strong degree of safety and carry lowest
credit risk. |
|
Date |
12.11.2014 |
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 PARTED BY
|
Name : |
Mr. Naresh |
|
Designation : |
Finance Department |
|
Contact No.: |
91-11-47008000 |
LOCATIONS
|
Registered Office : |
11th Floor, Aggarwal Cyber Plaza - II, Netaji Subash Place,
Pitampura, New Delhi – 110 034, India |
|
Tel. No.: |
91-11-47008000 (EPBX) |
|
Fax No.: |
91-11-47008010/ 47050504 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Q5-Q6, Ghirongi Industrial Area Malanpur, District. Bhind – 477 116,
Madhya Pradesh, India |
|
Tel. No.: |
91-7539-403400/401 |
|
|
|
|
Factory : |
Also located at: ·
Uttar Pradesh ·
Sonipat (Haryana) |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Kuldeep Saluja |
|
Designation : |
Managing Director |
|
Address : |
S-329, Greater Kailash Part-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
10.06.1952 |
|
Qualification : |
Undergraduate |
|
Experience : |
36 Years |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
00289187 |
|
|
|
|
Name : |
Ms. Laxmi Narain Kesarwani |
|
Designation : |
Whole-time Director |
|
Address : |
ND-69, Visakha Enclave, Pitampura, New Delhi – 110 034, India |
|
Date of Birth/Age : |
19.07.1949 |
|
Qualification : |
Undergraduate |
|
Experience : |
38 Years |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
00288852 |
|
|
|
|
Name : |
Mr. Ravin Saluja |
|
Designation : |
Whole-time Director |
|
Address : |
S-329, Greater Kailash Part-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
29.04.1978 |
|
Qualification : |
Graduate |
|
Experience : |
12 Years |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
00289305 |
|
|
|
|
Name : |
Mr. Vivek Kesarwani |
|
Designation : |
Whole-time Director |
|
Address : |
ND-69, Visakha Enclave, Pitampura, New Delhi – 110 034, India |
|
Date of Birth/Age : |
13.02.1978 |
|
Qualification : |
Graduate |
|
Experience : |
12 Years |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
00137920 |
|
|
|
|
Name : |
Ms. Vimal Kishore Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
M-6, Gandhi Nagar, Gwalior – 250 576, Madhya Pradesh, India |
|
Date of Birth/Age : |
02.02.1962 |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
01376085 |
|
|
|
|
Name : |
Mr. Sharad Saluja |
|
Designation : |
Director |
|
Address : |
S-329, Greater Kailash Part-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
10.02.1985 |
|
Date of Appointment : |
25.05.2007 |
|
DIN No.: |
01516294 |
|
|
|
|
Name : |
Mr. Raj Jaggi |
|
Designation : |
Director |
|
Address : |
4 Seghal Colony, Rajpur Road, Civil Lines, Delhi – 110054, India |
|
Date of Appointment : |
01.03.2010 |
|
DIN No.: |
03017408 |
|
|
|
|
Name : |
Mr. Ramesh Chander Mahajan |
|
Designation : |
Director |
|
Address : |
D-219 FF Saket, New Delhi – 110 017, India |
|
Date of Birth/Age : |
25.09.1945 |
|
Date of Appointment : |
29.09.2011 |
|
DIN No.: |
00152225 |
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|
|
|
Name : |
Mr. Pratik Gupta |
|
Designation : |
Director |
|
Address : |
409 Katra Maidgran Khari Baoli, Delhi – 110 006, India |
|
Date of Birth/Age : |
02.09.1984 |
|
Date of Appointment : |
02.01.2009 |
|
DIN No.: |
02506579 |
|
|
|
|
Name : |
Mr. Sunil Raman Sapra |
|
Designation : |
Director |
|
Address : |
A/22/502, Happy Valley Homes, Near Tikkuji Niwadi, Manpada, Thane –
400 607, Maharashtra, India |
|
Date of Birth/Age : |
15.09.1973 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06409738 |
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|
|
|
Name : |
Mr. Paramjeet Singh Khamba |
|
Designation : |
Director |
|
Address : |
V-29, Vijaya Nagar, Gwalior – 474 011, Madhya Pradesh, India |
|
Date of Birth/Age : |
26.01.1966 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
05339940 |
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|
|
|
Name : |
Mr. Peri Kameswara Sharma |
|
Designation : |
Director |
|
Address : |
223, Hauz Khas Appartment, SFS Sri Aurobindo Marg, New Delhi – 110016,
India |
|
Date of Birth/Age : |
20.08.1950 |
|
Date of Appointment : |
25.06.2014 |
|
DIN No.: |
02316593 |
KEY EXECUTIVES
|
Name : |
Mr. Luv Kumar Malhotra |
|
Designation : |
Secretary |
|
Address : |
A-4C /160. Janakpuri, New Delhi – 110 058, India |
|
Date of Birth/Age : |
07.05.1986 |
|
Date of Appointment : |
16.08.2011 |
|
PAN No.: |
AXLPM9464E |
|
|
|
|
Name : |
Mr. Naresh |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Kuldeep Saluja |
10048875 |
27.04 |
|
Raman Saluja |
1525000 |
4.10 |
|
Laxmi Narain Kesarwani HUF |
650000 |
1.75 |
|
Laxmi Narain Kesarwani |
14878875 |
40.03 |
|
Sangeeta Kesarwani |
5000 |
0.01 |
|
Pallavi Saluja |
5000 |
0.01 |
|
Kesarwani Anju |
5000 |
0.01 |
|
Vivek Kesarwani |
3045000 |
8.19 |
|
Amrita Saluja |
5000 |
0.01 |
|
Ravin Saluja |
3500000 |
9.42 |
|
Sharda Saluja |
3500000 |
9.42 |
|
Total
|
37167750 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Dairy Products. |
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Products : |
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Brand Names : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Depend |
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Purchasing : |
Depend |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and Others
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Finance Institutions : |
Utter Pradesh Financial Corporation, 14/88, Civil Lines, Kanpur – 208 001, Uttar Pradesh, India |
|
|
|
|
Auditors : |
|
|
Name : |
S K Sehra and Company Chartered Accountants |
|
Address : |
Flat 104 1st Floor, and Community Centre Naraina, New Delhi
– 110 028, India |
|
Tel. No.: |
91-11-41410088 |
|
Fax No.: |
91-11-41110022 |
|
E-Mail : |
|
|
PAN No.: |
AABFS5617E |
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their relatives: |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37167750 |
Equity Shares |
Rs.10/- each |
Rs.371.678
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
371.678 |
371.678 |
347.739 |
|
(b) Reserves & Surplus |
2319.807 |
1905.332 |
1443.698 |
|
(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) |
2691.485 |
2277.010 |
1791.437 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1812.650 |
1461.226 |
1764.773 |
|
(b) Deferred tax liabilities
(Net) |
362.266 |
419.183 |
320.552 |
|
(c) Other long term
liabilities |
0.000 |
0.345 |
0.000 |
|
(d) long-term provisions |
9.053 |
8.896 |
6.047 |
|
Total
Non-current Liabilities (3) |
2183.969 |
1889.650 |
2091.372 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
525.039 |
1273.408 |
1180.450 |
|
(b) Trade payables |
853.343 |
418.706 |
55.708 |
|
(c) Other current liabilities |
1337.263 |
499.052 |
405.387 |
|
(d) Short-term provisions |
24.859 |
32.480 |
12.984 |
|
Total
Current Liabilities (4) |
2740.504 |
2223.646 |
1654.529 |
|
|
|
|
|
|
TOTAL |
7615.958 |
6390.306 |
5537.338 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2410.467 |
2591.479 |
2613.457 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
557.150 |
0.000 |
13.914 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.201 |
1.201 |
3.701 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
54.033 |
211.703 |
169.292 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3022.851 |
2804.383 |
2800.364 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
1.500 |
|
(b) Inventories |
1549.408 |
1326.688 |
993.111 |
|
(c) Trade receivables |
1930.033 |
1500.399 |
1113.091 |
|
(d) Cash and cash equivalents |
913.218 |
447.167 |
502.141 |
|
(e) Short-term loans and
advances |
161.626 |
288.340 |
112.908 |
|
(f) Other current assets |
38.822 |
23.329 |
14.223 |
|
Total
Current Assets |
4593.107 |
3585.923 |
2736.974 |
|
|
|
|
|
|
TOTAL |
7615.958 |
6390.306 |
5537.338 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
18226.169 |
12230.258 |
12652.012 |
|
|
Other Income |
93.139 |
94.415 |
23.113 |
|
|
TOTAL
(A) |
18319.308 |
12324.673 |
12675.125 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
15824.479 |
9670.976 |
10654.148 |
|
|
Purchases of Stock-in-Trade |
178.520 |
193.757 |
63.698 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(723.350) |
(115.715) |
(253.736) |
|
|
Employees benefits expense |
140.241 |
98.067 |
73.403 |
|
|
Other expenses |
1599.537 |
1266.760 |
1112.866 |
|
|
TOTAL
(B) |
17019.427 |
11113.845 |
11650.379 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1299.881 |
1210.828 |
1024.746 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
262.550 |
244.422 |
190.027 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1037.331 |
966.406 |
834.719 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
400.182 |
418.427 |
282.015 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
637.149 |
547.979 |
552.704 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
222.674 |
194.069 |
170.553 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
414.475 |
353.910 |
382.151 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
720.931 |
107.08 |
|
|
TOTAL
EARNINGS |
NA |
720.931 |
107.080 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials & Capital
Goods |
NA |
NA |
110.665 |
|
|
TOTAL
IMPORTS |
NA |
NA |
110.665 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
11.15 |
9.85 |
10.99 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.27 |
2.89 |
3.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.13 |
9.90 |
8.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.03 |
8.58 |
10.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.24 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.87 |
1.20 |
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
1.61 |
1.65 |
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 |
347.739 |
371.678 |
371.678 |
|
Reserves & Surplus |
1443.698 |
1905.332 |
2319.807 |
|
Net
worth |
1791.437 |
2277.010 |
2691.485 |
|
|
|
|
|
|
long-term borrowings |
1764.773 |
1461.226 |
1812.650 |
|
Short term borrowings |
1180.450 |
1273.408 |
525.039 |
|
Total
borrowings |
2945.223 |
2734.634 |
2337.689 |
|
Debt/Equity
ratio |
1.644 |
1.201 |
0.869 |
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 |
12652.012 |
12230.258 |
18226.169 |
|
|
|
(3.333) |
49.025 |
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 |
12652.012 |
12230.258 |
18226.169 |
|
Profit |
382.151 |
353.910 |
414.475 |
|
|
3.02% |
2.89% |
2.27% |
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 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
5.450 |
|
Total |
0.000 |
5.450 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10539842 |
02/01/2015 |
74,351,000.00 |
UTTAR PARDESH FINANCIAL CORPORATION |
14/88, CIVIL LINES,
KANPUR, UTTAR PRADESH - 208001 |
C38764874 |
|
2 |
10539640 |
04/12/2014 |
100,000,000.00 |
AXIS BANK LTD. |
2ND FLOOR,
STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
C38643565 |
|
3 |
10537125 |
24/09/2014 |
680,000,000.00 |
HDFC BANK LIMITED |
E-13/29, 2ND
FLOOR,, HARSHA BHAWAN, MIDDLE CIRCLE |
C37251931 |
|
4 |
10504665 |
04/04/2014 |
500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
C07826779 |
|
5 |
10474474 |
09/01/2014 |
300,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI
BUILDING, 4TH FLOOR, 124 CONNAUGHT |
B95043527 |
|
6 |
10446964 |
06/09/2013 |
61,161,000.00 |
U. P. FINANCIAL CORPORATION |
14/88, CIVIL LINES,
KANPUR, UTTAR PRADESH - 208001 |
B84001312 |
|
7 |
10443272 |
08/08/2013 |
200,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
B82225137 |
|
8 |
10441711 |
18/06/2014 * |
522,800,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C12013561 |
|
9 |
10369940 |
14/08/2012 |
71,350,000.00 |
U.P. FINANCIAL CORPORATION |
14/88, CIVIL LINES,
KANPUR, UTTAR PRADESH - 208001 |
B45448552 |
|
10 |
10337560 |
15/02/2012 * |
711,800,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
B33180522 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other 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 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.61.69 |
|
|
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.