MIRA INFORM REPORT
|
Report No. : |
332549 |
|
Report Date : |
17.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRIDENT LIMITED (w.e.f. 18.04.2011) |
|
|
|
|
Formerly Known
As : |
ABHISHEK INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Trident Complex,
Raikot Road, Barnala – 148101, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
18.04.1990 |
|
|
|
|
Com. Reg. No.: |
16-010307 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5086.410 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L99999PB1990PLC010307 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
3091002837 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDA00951G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA4139J |
|
|
|
|
Legal Form : |
A Public Limited Liability Company.
The Company’s Shares are Listed on the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing, trading and sale of yarn, terry towels, paper, chemicals and sale of services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a flagship company of the “TRIDENT GROUP”. It is an
established company having satisfactory track. During the year under review, the company have reported slight decline
in its sales turnover and profitability as compared from previous FY2014. The
rating continue to factor in the experienced management, long track record of
the operations and diversified revenue stream. However, the ratings are constrained by foreign exchange fluctuation risk,
raw material price volatility, ongoing debt-funded capital expenditure and
cyclicality associated with textile industry. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of experienced promoters, the subject can be considered for
business dealings at normal 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CARE |
|
Rating |
Long Term Bank Facilities = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
23.08.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
23.08.2014 |
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Hardeep Kaur |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-1679-244700 |
|
Date : |
16.07.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Trident Complex, Raikot
Road, Barnala – 148101, Punjab, India |
|
Tel. No.: |
91-1679-244700/ 244701/02 |
|
Fax No.: |
91-1679-244708 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
109.35 acres |
|
Location : |
Owned (Freehold) |
|
|
|
|
Corporate / Head Office : |
E-212, Kitchlu Nagar, Ludhiana – 141001, Punjab, India |
|
Tel. No.: |
91-161-5039999/5038888 / 2304000 |
|
Fax No.: |
91-161-5039900/5038800 |
|
E-Mail : |
|
|
Area : |
11001.5 sq. yrds. |
|
Location : |
Owned (Leasehold) |
|
|
|
|
Factory 2 |
Paper &
Chemical Division Village Dhaula, Mansa Road, Barnala, Punjab, India |
|
|
|
|
Factory 3 : |
Towel, Paper,
Chemical and Energy Plant Trident Complex, Dhaula and Fatehgarh Channa, Punjab, India |
|
Area : |
207.64 acres |
|
Location : |
Owned (Freehold) |
|
|
|
|
Factory 4 : |
Towel, Paper,
Chemical and Energy Plant Trident Complex, Fatehgarj Channa, Punjab, india |
|
Area : |
345.82 acres |
|
Location : |
Owned (Freehold) |
|
|
|
|
Factory 5 : |
Railway Siding Village Seikka, Barnala, Punjab, India |
|
Area : |
29.8 acres |
|
Location : |
Owned (Freehold) |
|
|
|
|
Factory 6 : |
Yarn Plant Budni, Post Office, Pilikara, District – Sihore – 466 445, Madhya
Pradesh, India |
|
Tel. No.: |
91-7564-280844 |
|
Fax No.: |
91-7564-280875 |
|
Area : |
29.72 acres |
|
Location : |
Owned (Leasehold) |
|
|
|
|
Factory 7 : |
Yarn Plant Trident Complex, Budni, Madhya Pradesh, India |
|
Area : |
138.33 acres |
|
Location : |
Owned (Freehold) |
|
|
|
|
Factory 8 : |
Site for Garment
Plant C – 9,
Industrial Area, Mandideep Phase II,Tehsil, Goharganj, District Raisen,
Madhya Pradesh, India |
|
Area : |
24435 sq. mtrs |
|
Location : |
Owned (Leasehold) |
|
|
|
|
Branch Offices : |
|
|
|
|
|
Branch 1 : |
A-25/ 15-16, DLF, Phase 1, Gurgaon, Haryana, India |
|
Tel. No.: |
91-124-2567943-47 |
|
Fax No.: |
91-124-2567948 |
|
|
|
|
Branch 2 : |
6 Fort, Vijay Society (2nd Floor), 1/3 Gola Lane, Opposite Dr. D N Road, Behind Central Camera, Mumbai-400001, Maharashtra, India |
|
|
|
|
Branch 3 : |
SCO 20-21, Setcor-9, Madhya Marg, Chandigarh-160009, India |
|
Area : |
367.52 Sq. Yards |
|
Location : |
Rented |
|
|
|
|
Branch 4 : |
Plot No. 3 situated at Nadir Colony, Bhopal, Madhya Pradesh, India |
|
Area : |
2900 Sq. Ft. |
|
Location : |
Owned (Leasehold) |
|
|
|
|
Branch 5 : |
C – 185 ‐186 Industrial
Area, Phase VIII, Mohali, Punjab, India |
|
Area : |
8867 Sq. Yds. |
|
Location : |
Owned (Leasehold) |
|
|
|
|
US Office : |
295 Fifth Avenue, Room 1112, New York NY 10016 USA |
|
Email : |
|
|
Area : |
2900 Sq. Ft. |
|
Location : |
Leasehold |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. S. K. Tuteja |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Rajinder Gupta |
|
Designation : |
Director |
|
Address : |
E-212, Kitchlu Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
55 Years |
|
Qualification : |
Advanced Management Program from Harvard Business School, USA |
|
Date of Anointment : |
15.05.2013 |
|
DIN No.: |
00009037 |
|
|
|
|
Name : |
Mrs. Pallavi Shroff |
|
Designation : |
Director |
|
Address : |
S-270, Greater Kailash II, New Delhi, India |
|
Date of Birth/Age : |
57 Years |
|
Qualification : |
L.L.B, M.M.S |
|
Experience : |
30 Years |
|
Date of Anointment : |
28.03.2002 |
|
DIN No.: |
00013580 |
|
|
|
|
Name : |
Mr. Rajiv Dewan |
|
Designation : |
Director |
|
Address : |
96 F, Rishi Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
52 Years |
|
Qualification : |
Chartered Accountant |
|
Date of Anointment : |
14.05.2005 |
|
DIN No.: |
00007988 |
|
|
|
|
Name : |
Mr. Deepak Nanda |
|
Designation : |
Director |
|
Address : |
H No 561, Sector 10, Panchkula, Haryana, India |
|
Date of Birth/Age : |
54 Years |
|
Qualification : |
Master of
Science and Advance Training in Computer Software and Management |
|
Date of Appointment : |
12.11.2013 |
|
DIN No.: |
00403335 |
KEY EXECUTIVES
|
Name : |
Mr. Gunjan Shroff |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. Pawan Babbar |
|
Designation : |
Company Secretary |
SHAREHOLDING PATTERN
As on 31.03.2015
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
198595513 |
39.04 |
|
|
140156193 |
27.56 |
|
|
140156193 |
27.56 |
|
|
338751706 |
66.60 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
338751706 |
66.60 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
260465 |
0.05 |
|
|
7876743 |
1.55 |
|
|
3708411 |
0.73 |
|
|
11845619 |
2.33 |
|
|
|
|
|
|
100649189 |
19.79 |
|
|
|
|
|
|
26659069 |
5.24 |
|
|
16174499 |
3.18 |
|
|
14561387 |
2.86 |
|
|
14561387 |
2.86 |
|
|
158044144 |
31.07 |
|
Total Public shareholding (B) |
169889763 |
33.40 |
|
Total (A)+(B) |
508641469 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
508641469 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing, trading and sale of yarn, terry towels, paper, chemicals and sale of services. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Notes: Long Term
Borrowings Term loans Term loans from banks and financial institutions
are secured by way of equitable mortgage created or to be created on all the
present and future immovable properties including all land, buildings,
structures, all plant and machinery attached thereon of the Company and
hypothecation of all the movable properties including movable machinery
spares, tools and accessories, etc., present and future, subject to prior
charges created and/or to be created in favour of the Company’s bankers on
stocks of raw materials, semi-finished and finished goods, consumable stores
and other movables, as may be required for working capital requirements in
the ordinary course of business. The mortgages and charges referred to above
rank pari-passu among the lenders Includes Rs.872.6
million (Previous year Rs.1,145.8
million) buyers credits loan taken by the Company for a period of up to 3
years from foreign banks against term loans sanctioned by Indian banks. As
per agreed terms, these buyer credit loans would be repaid to foreign banks
by Indian banks out of term loan amount sanctioned to the Company by these
Indian banks and accordingly, have been classified as long term borrowings. Vehicles loans Vehicle loans are secured by hypothecation of
vehicles acquired against such loans. For the current maturities of long-term
borrowings, refer note 9 – other current liabilities. Short Term
Borrowings Cash
credits/working capital loans Cash credits/working capital
loans are secured by hypothecation of raw materials, semi-finished and
finished goods, stock-in process, consumable stores, other movable assets and
book debts, present and future, of the Company. The limits are further
secured by way of second pari passu charge on the immovable properties of the
Company. |
|
|
|
|
AUDITORS : |
|
|
|
|
|
Statutory
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex,
DLF City Phase-II, Gurgaon-122002, Haryana, India |
|
Tel. No.: |
91-124-6792000 |
|
Fax No.: |
91-124-6792012 |
|
|
|
|
Cost
Auditors : |
|
|
Name : |
Ramanath Iyer and Company Cost Accountants |
|
|
|
|
Tax
Auditors : |
|
|
Name : |
S C Vasudeva and Company Chartered Accountants |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprise that
controls the Company (As on 31.03.2014) : |
·
Madhuraj Foundation (directly or
indirectly holds majority voting power) Address : SCO 20‐21, Sector 9‐D, Madhya Marg, Chandigarh ‐ 160009, India |
|
|
|
|
Enterprises that
are controlled by the Company, i.e. subsidiary companies (As on 31.03.2014) :
|
·
Trident Global Corp Limited |
|
|
|
|
Enterprises under
the common control as the Company (As on 31.03.2014) : |
· Trident Group Limited · Trident Corporation Limited · Trident Capital Limited · Abhishek Ventures and Projects Limited |
|
|
|
|
Enterprise on which
company personnel and their relatives (As on 31.03.2014) : |
·
Lotus Integrated Texpark Limited ·
Trident Global Inc. |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital: Not Available
Issued, Subscribed & Paid-up Capital : 5086.410
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6081000000 |
Equity Shares |
Rs.10/- each |
Rs.60810.000 Million |
|
3005000000 |
Preference Shares |
Rs.10/- each |
Rs.30050.000 Million |
|
|
Total |
|
Rs.90860.000
Million |
Issued, Subscribed & Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
311086712 |
Equity Shares |
Rs. 10/- each |
Rs.3110.900 Million |
a.
Reconciliation of the number of shares
|
Equity Shares |
Number
of Shares |
Rs. In Million |
|
Issued, Subscribed and Paid up equity shares |
|
|
|
Shares outstanding at the
beginning of the year |
310837112 |
3108.400 |
|
Shares issued during the year |
249600 |
2.500 |
|
Shares outstanding at the end of the year |
311086712 |
3110.900 |
b.
Rights, preferences and restrictions attached to
the equity shareholders:
The Company has one class of equity shares having a
par value of Rs.10 per share. Each shareholder
is eligible for one vote per share held. In the event of liquidation, the
equity shareholders are eligible to receive the remaining assets of the Company
after distribution of all preferential amounts, in proportion to their
shareholding.
c.
Details of equity shares held by shareholders
holding more than 5% shares:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Madhuraj
Foundation |
134484000 |
43.2% |
|
Trident
Group Limited |
30000000 |
9.6% |
|
Trident
Capital Limited |
20000000 |
6.4% |
|
Prudent
Traders Private Limited |
-- |
-- |
d.
Number of shares allotted as fully paid up pursuant
to contract(s) without payment being received in cash:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Shares allotted pursuant to the scheme of
amalgamation during last 5 years |
53503427 |
17.2% |
e.
As at
March 31, 2014, 60,000,000 shares were reserved for issuance towards
outstanding share warrants.
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5086.410 |
3110.900 |
3108.400 |
|
(b) Reserves & Surplus |
9466.810 |
5767.900 |
3954.300 |
|
(c) Money
received against share warrants |
0.000 |
430.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
14553.220 |
9308.800 |
7062.700 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13961.010 |
7658.600 |
9491.800 |
|
(b) Deferred tax liabilities (Net) |
1242.090 |
1082.300 |
1070.100 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
405.140 |
45.300 |
42.900 |
|
Total Non-current
Liabilities (3) |
15608.240 |
8786.200 |
10604.800 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
8156.040 |
8038.800 |
9673.600 |
|
(b) Trade
payables |
2162.960 |
1852.500 |
1658.500 |
|
(c) Other
current liabilities |
4514.850 |
3665.800 |
3841.500 |
|
(d) Short-term
provisions |
43.620 |
193.200 |
27.800 |
|
Total Current
Liabilities (4) |
14877.470 |
13750.300 |
15201.400 |
|
|
|
|
|
|
TOTAL |
45038.930 |
31845.300 |
32868.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
30857.450 |
17912.300 |
19622.200 |
|
(ii)
Intangible Assets |
0.000 |
43.600 |
60.000 |
|
(iii)
Capital work-in-progress |
0.000 |
276.900 |
280.500 |
|
(iv)
Intangible assets under development |
0.000 |
85.900 |
0.000 |
|
(b) Non-current Investments |
117.020 |
1032.300 |
619.700 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1727.940 |
1514.400 |
1224.600 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
32702.410 |
20865.400 |
21807.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
196.480 |
155.000 |
25.000 |
|
(b)
Inventories |
7465.410 |
6428.500 |
6909.900 |
|
(c) Trade
receivables |
2047.820 |
2641.400 |
2323.000 |
|
(d) Cash
and cash equivalents |
167.640 |
245.200 |
331.100 |
|
(e) Short-term
loans and advances |
2437.180 |
1487.800 |
1436.600 |
|
(f) Other
current assets |
21.990 |
22.000 |
36.300 |
|
Total
Current Assets |
12336.520 |
10979.900 |
11061.900 |
|
|
|
|
|
|
TOTAL |
45038.930 |
31845.300 |
32868.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
37842.710 |
38688.600 |
33352.600 |
|
|
|
|
Other Income |
37.470 |
162.800 |
224.400 |
|
|
|
|
TOTAL (A) |
37880.180 |
38851.400 |
33577.000 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
19711.700 |
19415.400 |
18198.200 |
|
|
|
|
Purchase of Stock-in-trade |
505.360 |
881.300 |
226.100 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(920.790) |
223.200 |
(8.700) |
|
|
|
|
Employee Benefits Expenses |
3869.460 |
2870.000 |
2378.600 |
|
|
|
|
Other Expenses |
7763.530 |
8022.600 |
7004.700 |
|
|
|
|
TOTAL (B) |
30929.260 |
31412.500 |
27798.900 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6950.920 |
7438.900 |
5778.100 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
2059.630 |
2103.300 |
2352.800 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
4891.290 |
5335.600 |
3425.300 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
3212.160 |
2684.100 |
2614.400 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1679.130 |
2651.500 |
810.900 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
500.900 |
681.200 |
317.600 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
1178.230 |
1970.300 |
493.300 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4333.600 |
2520.300 |
2027.000 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Proposed Dividend |
|
134.200 |
0.000 |
|
|
|
|
Tax on proposed dividend |
|
22.800 |
0.000 |
|
|
|
|
Dividend on shares held
through trust |
|
0.000 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
|
4333.600 |
2520.300 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
18536.400 |
16081.700 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
|
517.600 |
555.300 |
|
|
|
|
Components and Stores parts |
|
138.300 |
207.300 |
|
|
|
|
Capital Goods |
|
4.500 |
122.100 |
|
|
|
TOTAL IMPORTS |
NA |
660.400 |
884.700 |
||
|
|
|
|
|
|
||
|
|
Earnings/(Loss) Per Share (Rs.) |
2.47 |
6.33 |
1.600 |
||
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
292.530 |
323.270 |
|
Cash generated from operations |
NA |
805.280 |
391.510 |
QUARTERLY RESULTS
|
Particulars |
30.09.2014 (Unaudited) |
31.12.2014 (Unaudited) |
31.03.2015 (Unaudited) |
|
|
1st Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net Sales |
9616.810 |
9313.200 |
9780.170 |
|
Total Expenditure |
8072.960 |
7717.600 |
7830.530 |
|
PBIDT (Excl OI) |
1543.850 |
1595.600 |
1949.640 |
|
Other Income |
17.580 |
3.260 |
7.200 |
|
Operating Profit |
1561.430 |
1598.820 |
1950.360 |
|
Interest |
446.000 |
495.970 |
536.260 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
1115.430 |
1102.850 |
1414.100 |
|
Depreciation |
782.340 |
792.950 |
829.350 |
|
Profit Before Tax |
333.090 |
309.900 |
584.750 |
|
Tax |
123.200 |
68.600 |
180.600 |
|
Provisions and
contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
209.890 |
241.300 |
404.150 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
209.890 |
241.300 |
404.150 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.11 |
5.09 |
1.48 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
18.37 |
19.23 |
17.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.74 |
8.71 |
2.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.28 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.52 |
1.72 |
2.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
0.80 |
0.73 |
STOCK
PRICES
|
Face Value |
Rs.10.00 |
|
Market Value |
Rs.24.35 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
3108.400 |
3110.900 |
5086.410 |
|
Reserves & Surplus |
3954.300 |
5767.900 |
9466.810 |
|
Money received against share
warrants |
0.000 |
430.000 |
0.000 |
|
Net
worth |
7062.700 |
9308.800 |
14553.220 |
|
|
|
|
|
|
long-term borrowings |
9491.800 |
7658.600 |
13961.010 |
|
Short term borrowings |
9673.600 |
8038.800 |
8156.040 |
|
Total
borrowings |
19488.670 |
15989.930 |
22117.050 |
|
Debt/Equity
ratio |
2.759 |
1.718 |
1.520 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
33352.600 |
38688.600 |
37842.710 |
|
|
|
15.999 |
(2.186) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
33352.600 |
38688.600 |
37842.710 |
|
Profit |
493.300 |
1970.300 |
1178.230 |
|
|
1.48% |
5.09% |
3.11% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity -Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
Case Details For
Case CM-16656-CII-2012
Case Listing
Details No Listing Data
Available Judgment Details
For Case: CM-16656-CII-2012
|
MANAGEMENT DISCUSSION AND ANALYSIS (As on
31.03.2014)
ECONOMIC OVERVIEW
GLOBAL ECONOMIC OUTLOOK
The global economy experienced subdued growth for
yet another year in 2013. As per the World Economic
Outlook (January 2014), global growth
is projected to strengthen from 3% in 2013 to 3.6% in 2014 and 3.9% in 2015. In
advanced economies, growth is expected to increase to about 2.25% in 2014-15,
an improvement of about 1 percentage point over 2013. This economic growth will
be strongest in the United States at about 2.75% and in the eurozone it is
expected to be varied but positive.
In emerging markets and developing economies,
growth is projected to pick up gradually from 4.7% in 2013 to about 5% in 2014
and 5.25% in 2015. It is expected to be catalysed by stronger external demand
from advanced economies, but tighter financial conditions could dampen domestic
demand growth. In China, growth is projected to remain at about 7.5% in 2014 as
the authorities seek to rein in credit and advance reforms while ensuring a
gradual transition to a more balanced and sustainable growth path.
While output gaps remain large, the monetary policy
stance should stay accommodative to usher in fiscal consolidation. In emerging
market economies, vulnerabilities appear mostly localised. The strengthening of
the recovery from the recession in the advanced economies is a welcome
development. But growth remains uneven globally, and more policy reformulations
are needed to fully restore confidence, ensure robust growth, and lower
downside risk (Source: IMF, World
Economic Outlook, and April
2014)
INDIAN
ECONOMY
The Indian economy experienced a sustained slowdown
during the year under review on the back of global contractionary headwinds,
domestic macroeconomic imbalances and fiscal policy reversals. GDP growth in
2013-14 was estimated at 4.7% compared to 4.5% in 2012-13 (Source: CSO). During the year,
consumer spending remained muted, discounts prevailed, profits declined and
brands weakened.
BUSINESS OVERVIEW
Trident Limited is the flagship company of the
Punjab headquartered conglomerate Trident Group, having a turnover of Rs.38,689 million. Trident manufactures textile
products (terry towel, cotton yarn, blended yarn, among others), paper,
chemical and energy. Trident with its planned expansions is strategically
poised to become one of the biggest and most renowned home textiles
manufacturers globally. It has already achieved the milestone of being the
largest manufacturer of terry towels in the world after commissioning of its
new plant in Budni, Madhya PradeMr. Trident has a customer base spread across
the world and derives 48% of its revenues from exports.
Large-scale operations, continuous expansions,
business excellence and global presence have given Trident a sustainable
competitive advantage in the industry.
FINANCIAL PERFORMANCE REVIEW
FY14 was a year of growth and profitability for
Trident Limited.
The Company recorded a 16% growth in revenues, 29%
growth in EBITDA and 300% growth in PAT compared to the previous year. The
Company registered its highest-ever revenues, EBITDA and PAT in FY14.
Following is a detailed analysis of the Company’s
financial performance with respect to operational performance:
Statement of profit
and loss
Revenues: The Company’s total revenues in FY14 were Rs.38,851 million, up by 16% against the previous
financial year’s total revenues of Rs.33,577
million. The growth was primarily led by sales of more value-added and branded products,
more exports following the rupee depreciating against the dollar, stable raw
material prices and decrease in costs.
Segmental
revenues:
The Company’s total revenues comprised 46% from the
yarn segment, which contribute Rs.19,785
million with a y-o-y growth rate of 18%. Home textiles contributed around 34%
i.e. Rs.14,469 million to the total revenue with a y-o-y
growth rate of 14%. The paper and chemicals segment contributed around 20% to
total revenues at H8,356 million with a y-o-y
growth rate of 15%.
AMALGAMATION OF TRIDENT CORPORATION LIMITED WITH
THE COMPANY
During the year, the Hon’ble High Court for the
states of Punjab and Haryana at Chandigarh approved the Scheme of Amalgamation
of Trident Corporation Limited with the Company vide its Order dated March 14,
2014. Accordingly, the Scheme has been implemented and Trident Corporation
Limited has been amalgamated with the Company w.e.f. April 1, 2014, the
Appointed Date.
OUTLOOK
India is the fastest growing global market for
paper and presents an exciting scenario; paper consumption is poised for a big
leap forward in sync with economic growth. The demand in this industry will be
governed by price, quality and brand.
Trident has a natural cost advantage over wood
pulp-based papers. This advantage, along with eco-friendly positioning and
superior products, has helped Trident to improve realisations and sales of
branded copier papers. The Company is confident of increasing sales and realisations in the coming
years.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10519193 |
26/08/2014 |
394,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA -
400001, INDIA |
C20006730 |
|
2 |
10504589 |
05/06/2014 |
700,000,000.00 |
PUNJAB
NATIONAL BANK |
LARGE
CORPORATE BRANCH, BHAGWATI TOWERS, R K ROAD |
C07705288 |
|
3 |
10496504 |
30/04/2014 |
1,500,000,000.00 |
IFCI
LIMITED |
IFCI
TOWER, 61, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
C03570934 |
|
4 |
10484989 |
14/03/2014 |
1,250,000,000.00 |
BANK
OF BARODA |
CORPORATE
FINANCIAL SERVICES BRANCH, BANK OF BARODA BUILDING, 16, SANSAD MARG, NEW
DELHI, DELHI - 110001, INDIA |
C00537910 |
|
5 |
10483884 |
21/03/2014
* |
1,500,000,000.00 |
IFCI
LIMITED |
IFCI
TOWER, 61, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
C00225979 |
|
6 |
10477761 |
11/02/2014 |
112,500,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
CENTRE
ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
B96437322 |
|
7 |
10481895 |
23/01/2014 |
250,000,000.00 |
YES
BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,,
MUMBAI, MAHARASHTRA - |
B98233117 |
|
8 |
10463367 |
05/12/2013 |
750,000,000.00 |
BANK
OF INDIA |
579-R,
1ST FLOOR, MODEL TOWN, LUDHIANA, PUNJAB - 141002, INDIA |
B90795238 |
|
9 |
10458863 |
07/11/2013 |
2,750,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA
- 400001, INDIA |
B89019194 |
|
10 |
10462810 |
05/11/2013 |
1,850,000,000.00 |
CANARA
BANK |
BHARAT
NAGAR CHOWK, LUDHIANA, PUNJAB - 141001, INDIA |
B90594326 |
|
11 |
10460873 |
26/10/2013 |
750,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
OVERSEAS
BRANCH, JANDU TOWER, G.T. ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
B89793038 |
|
12 |
10459515 |
25/10/2013 |
1,500,000,000.00 |
PUNJAB
NATIONAL BANK |
LARGE
CORPORATE BRANCH, LUDHIANA, PUNJAB - 141003, INDIA |
B89256911 |
|
13 |
10459698 |
22/10/2013 |
1,000,000,000.00 |
STATE
BANK OF BIKANER & JAIPUR |
OPPOSITE
MILITARY CAMP, G.T. ROAD LUDHIANA, LUDHIANA, PUNJAB - 141003, INDIA |
B89341093 |
|
14 |
10459888 |
22/10/2013 |
1,250,000,000.00 |
ALLAHABAD
BANK |
INDUSTRIAL
FINANCE BRANCH, CHEEMA CHOWK, LUDHIANA |
B89414023 |
|
15 |
10459510 |
21/10/2013 |
1,900,000,000.00 |
STATE
BANK OF PATIALA |
COMMERCIAL
BRANCH,, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
B89255905 |
|
16 |
10456722 |
15/10/2013 |
394,000,000.00 |
CORPORATION
BANK |
NEW
LAJPAT NAGAR, PAKHOWAL ROAD, LUDHIANA, PUNJAB |
B88199021 |
|
17 |
10455749 |
27/09/2013 |
1,000,000,000.00 |
CENTRAL
BANK OF INDIA |
MID
CORPORATE BRANCH, 369, R K ROAD, LUDHIANA, PUNJAB - 141003, INDIA |
B87826889 |
|
18 |
10458868 |
24/09/2013 |
1,250,000,000.00 |
STATE
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, GOLDEN TOWER, LUDHIANA, PUNJAB - 141003, INDIA |
B89020499 |
|
19 |
10417693 |
01/04/2013 |
300,000,000.00 |
ALLAHABAD
BANK |
INDUSTRIAL
FINANCE BRANCH, 17, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B72582000 |
|
20 |
10422267 |
31/03/2013 |
300,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
E
BLOCK, HARSHA BHAWAN, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B73897399 |
|
21 |
10413560 |
04/03/2013 |
750,000,000.00 |
CENTRAL BANK OF
INDIA |
MID CORPORATE FINANCE
BRANCH,, 369, R. K. ROAD, LUDHIANA, PUNJAB - 141003, INDIA |
B71379192 |
|
22 |
10409550 |
13/02/2013 |
500,000,000.00 |
INDIAN BANK |
G-41,, CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B69989622 |
|
23 |
10407980 |
12/02/2013 |
500,000,000.00 |
STATE BANK OF
INDIA |
IFB,, LUDHIANA,
PUNJAB - 141003, INDIA |
B69608644 |
|
24 |
10403464 |
22/01/2013 |
400,000,000.00 |
CORPORATION BANK |
PAKHOWAL ROAD,
LUDHIANA, PUNJAB - 141001, INDIA |
B68306810 |
|
25 |
10401071 |
30/04/2014 * |
155,000,000.00 |
STATE BANK OF
PATIALA |
COMMERCIAL
BRANCH, G.T. ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C04302360 |
|
26 |
10367915 |
28/07/2012 |
13,510,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG., GROUND
FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001,
INDIA |
B44648871 |
|
27 |
10350317 |
30/04/2014 * |
500,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH, GOLDEN TOWER, DHOLEWAL |
C03945789 |
|
28 |
10349840 |
30/04/2014 * |
500,000,000.00 |
STATE BANK OF
TRAVANCORE |
COMMERCIAL
BRANCH, K G MARG, NEW DELHI, DELHI - 110001, INDIA |
C04171633 |
|
29 |
10347378 |
30/04/2014 * |
500,000,000.00 |
STATE BANK OF
HYDERABAD |
SONA COMPLEX, G
T ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C03619731 |
|
30 |
10324724 |
17/12/2011 |
1,010,000,000.00 |
PUNJAB NATIONAL
BANK |
LARGE CORPORATE
BRANCH, BHAGWATI TOWER, RK ROAD, |
B28410520 |
|
31 |
10320847 |
19/11/2011 |
500,000,000.00 |
STATE
BANK OF HYDERABAD |
COMMERCIAL
BRANCH, 74, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
B26707505 |
|
32 |
10321029 |
19/11/2011 |
1,500,000,000.00 |
BANK
OF INDIA |
PTI
BUILDING, 4, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B26791897 |
|
33 |
10317423 |
30/04/2014
* |
450,000,000.00 |
STATE
BANK OF PATIALA |
COMMERCIAL
BRANCH, G.T. ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C04309761 |
|
34 |
10317939 |
24/10/2011 |
2,000,000,000.00 |
CORPORATION
BANK |
FEROZE
GANDHI MARKET, LUDHIANA, PUNJAB - 141001, INDIA |
B25412784 |
|
35 |
10317419 |
24/10/2011 |
2,000,000,000.00 |
STATE
BANK OF PATIALA |
COMMERCIAL
BRANCH, G.T.ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
B25216037 |
|
36 |
10317138 |
21/10/2011 |
750,000,000.00 |
STATE
BANK OF MYSORE |
ADDRESS
NO. 3,4 & 5, DDA BUILDING, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B25114281 |
|
37 |
10317162 |
21/10/2011 |
2,000,000,000.00 |
INDIAN
BANK |
NEW
DELHI MAIN BRANCH, G-41, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B25122771 |
|
38 |
10317164 |
21/10/2011 |
750,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
89,
HEMKUND CHAMBER, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B25123746 |
|
39 |
10317167 |
21/10/2011 |
1,000,000,000.00 |
SYNDICATE
BANK |
FIRST
FLOOR, SAROJINI HOUSE, 6 BHAGWAN DASS ROAD, NEW DELHI, DELHI - 110001, INDIA |
B25124637 |
|
40 |
10317224 |
21/10/2011 |
1,250,000,000.00 |
ALLAHBAD
BANK |
INDUSTRIAL
FINANCE BRANCH, FIRST FLOOR, 17, PARLIAMENT STREET, NEW DELHI, DELHI -
110001, INDIA |
B25143850 |
|
41 |
10317228 |
21/10/2011 |
750,000,000.00 |
DENA
BANK |
CORPORATE
BUSINESS BRANCH, E-13/29, GROUND FLOOR, HARSHA BHAWAN,, NEW DELHI, DELHI -
110001, INDIA |
B25144528 |
|
42 |
10314147 |
27/04/2012
* |
435,500,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
CENTER
ONE BUILDING, FLOOR - 21,, WORLD TRADE CENTER COMPLEX, CURRE PARADE,, MUMBAI,
MAHARASHTRA - |
B39775739 |
|
43 |
10298475 |
30/04/2014
* |
13,500,000,000.00 |
STATE
BANK OF INDIA. SBOP. CANARA BANK. CBOI. CORP |
SBI,
INDUSTRIAL FINANCE BRANCH, GOLDEN TOWER, DHOLEWAL CHOWK, LUDHIANA, PUNJAB -
141003, INDIA |
C03942711 |
|
44 |
10295064 |
30/04/2014
* |
550,000,000.00 |
CORPORATION
BANK |
FEROZE
GANDHI MARKET, LUDHIANA, PUNJAB - 141001, INDIA |
C03956182 |
|
45 |
10273950 |
30/04/2014
* |
100,000,000.00 |
BANK
OF INDIA |
LUDHIANA
MID CORPORATE BRANCH, 579-R, 1ST FLOOR, |
C04232922 |
|
46 |
10271947 |
30/04/2014
* |
300,000,000.00 |
STATE
BANK OF PATIALA |
COMMERCIAL
BRANCH, G.T. ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C04308292 |
|
47 |
10268637 |
30/04/2014
* |
250,000,000.00 |
STATE
BANK OF HYDERABAD |
SONA
COMPLEX, G T ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C03675014 |
|
48 |
10268605 |
30/04/2014
* |
300,000,000.00 |
ALLAHABAD
BANK |
IIFB,
CHEEMA CHOWK, 165, INDUSTRIAL AREA A, LUDHIANA, PUNJAB - 141003, INDIA |
C03581436 |
|
49 |
10270186 |
30/04/2014
* |
270,000,000.00 |
CORPORATION
BANK |
FEROZE
GANDHI MARKET, LUDHIANA, PUNJAB - 141001, INDIA |
C03957404 |
|
50 |
10269355 |
30/04/2014
* |
200,000,000.00 |
PUNJAB
NATIONAL BANK |
LARGE
CORPORATE BRANCH, BHAGWATI TOWERS, R K ROAD, CHEEMA CHOWK, LUDHIANA, PUNJAB -
141003, INDIA |
C03730272 |
|
51 |
10262704 |
30/04/2014
* |
500,000,000.00 |
CANARA
BANK |
MID
CORPORATE BRANCH, BHARAT NAGAR CHOWK, LUDHIANA, PUNJAB - 141001, INDIA |
C03755386 |
|
52 |
10263244 |
30/04/2014
* |
1,000,000,000.00 |
STATE
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, GOLDEN TOWER, DHOLEWAL |
C03944709 |
|
53 |
10258423 |
30/04/2014
* |
500,000,000.00 |
INDIAN
BANK |
KALSI
NAGAR BRANCH, LUDHIANA, PUNJAB - 141003, INDIA |
C04080206 |
|
54 |
10254786 |
30/04/2014
* |
500,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
OVERSEAS
BRANCH, JANDU TOWER, G.T. ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C03914041 |
|
55 |
10234866 |
30/04/2014
* |
412,500,000.00 |
CORPORATION
BANK |
FEROZE
GANDHI MARKET, LUDHIANA, PUNJAB - 141001, INDIA |
C03954989 |
|
56 |
10221516 |
15/03/2014
* |
420,000,000.00 |
IDBI
BANK LIMITED |
INDIAN
RED CROSS SOCIETY BUILDING, 1, RED CROSS R |
C00235317 |
|
57 |
10209973 |
30/04/2014
* |
350,000,000.00 |
INDIAN
OVERSEAS BANK |
SAINIK
REST HOUSE, KACHERI ROAD, LUDHIANA, PUNJAB |
C04222881 |
|
58 |
10189388 |
30/04/2014
* |
450,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
OVERSEAS
BRANCH, JANDU TOWER, G.T. ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C03910668 |
|
59 |
10152721 |
30/04/2014
* |
500,000,000.00 |
PUNJAB
NATIONAL BANK |
LARGE
CORPORATE BRANCH, BHAGWATI TOWERS, R K ROAD, CHEEMA CHOWK, LUDHIANA, PUNJAB -
141003, INDIA |
C03729779 |
|
60 |
10140657 |
30/04/2014
* |
287,800,000.00 |
PUNJAB
NATIONAL BANK |
LARGE
CORPORATE BRANCH, BHAGWATI TOWERS, R K ROAD, CHEEMA CHOWK, LUDHIANA, PUNJAB -
141003, INDIA |
C03729266 |
|
61 |
10062304 |
30/04/2014
* |
500,000,000.00 |
STATE
BANK OF TRAVANCORE |
COMMERCIAL
BRANCH, K G MARG, NEW DELHI, DELHI - 110001, INDIA |
C04173183 |
|
62 |
10058095 |
30/04/2014
* |
150,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
OVERSEAS
BRANCH, JANDU TOWER, G.T. ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C03794666 |
|
63 |
10056659 |
30/04/2014
* |
500,000,000.00 |
INDIAN
BANK |
KALSI
NAGAR BRANCH, LUDHIANA, PUNJAB - 141003, INDIA |
C04152922 |
|
64 |
10056237 |
30/04/2014
* |
500,000,000.00 |
PUNJAB
NATIONAL BANK |
LARGE
CORPORATE BRANCH, BHAGWATI TOWERS, R K ROAD, CHEEMA CHOWK, LUDHIANA, PUNJAB -
141003, INDIA |
C03728318 |
|
65 |
10056656 |
30/04/2014
* |
500,000,000.00 |
CANARA
BANK |
MID
CORPORATE BRANCH, BHARAT NAGAR CHOWK, LUDHIANA, PUNJAB - 141001, INDIA |
C03908258 |
|
66 |
10056001 |
30/04/2014
* |
500,000,000.00 |
STATE
BANK OF MYSORE |
CORPORATE
ACCOUNTS BRANCH, DDA BUILDING, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
C04232138 |
|
67 |
10025019 |
30/04/2014
* |
750,000,000.00 |
STATE
BANK OF PATIALA |
COMMERCIAL
BRANCH, G.T. ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C04309191 |
|
68 |
10023888 |
30/04/2014
* |
500,000,000.00 |
PUNJAB
NATIONAL BANK |
LARGE
CORPORATE BRANCH, BHAGWATI TOWERS, R K ROAD, CHEEMA CHOWK, LUDHIANA, PUNJAB -
141003, INDIA |
C03725991 |
|
69 |
10012050 |
30/04/2014
* |
200,000,000.00 |
SYNDICATE
BANK |
CORPORATE
FINANCE BRANCH, FIRST FLOOR, SAROJINI HOUSE, 6, BHAGWAN DASS ROAD, NEW DELHI,
DELHI - 110001, INDIA |
C04224341 |
|
70 |
80008298 |
30/04/2014
* |
500,000,000.00 |
SYNDICATE
BANK |
CORPORATE
FINANCE BRANCH, FIRST FLOOR, SAROJINI HOUSE, 6, BHAGWAN DASS ROAD, NEW DELHI,
DELHI - 110001, INDIA |
C04225009 |
|
71 |
90180980 |
30/04/2014
* |
1,000,000,000.00 |
STATE
BANK OF PATIALA |
COMMERCIAL
BRANCH, G.T. ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C04306882 |
|
72 |
90180911 |
30/04/2014
* |
500,000,000.00 |
STATE
BANK OF HYDERABAD |
SONA
COMPLEX, G T ROAD, MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
C03715877 |
|
73 |
90180901 |
30/04/2014
* |
2,000,000,000.00 |
STATE
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, GOLDEN TOWER, DHOLEWAL |
C03948221 |
|
74 |
90183343 |
30/04/2014
* |
336,400,000.00 |
STATE
BANK OF BIKANER & JAIPUR |
G T ROAD,
LUDHIANA, PUNJAB - 141003, INDIA |
C04501870 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
PRESS RELEASE
TRIDENT INAUGURATES WORLD’S LARGEST TERRY TOWEL PLANT & LAYS FOUNDATION
STONE OF COMPOSITE TEXTILE PROJECT
Ludhiana/Barnala/Bhopal, October 7, 2014: Trident Limited, the flagship Company of Trident Group, today announced the inauguration of the World’s Largest Terry Towel plant and laying of foundation stone of its Composite Textile project in Budni, Madhya Pradesh.
The occasion was graced by the presence of Hon’ble Chief Minister of Madhya Pradesh Sh. Shivraj Singh Chouhan and Hon’ble Minister for Revenue and Rehabilitation, Govt. of Madhya Pradesh Sh. Rampal Singh.
The World’s largest terry towel plant inaugurated today by Trident comprises of 300 looms and will add about INR 18000.000 Million to its annual revenue. With this expansion, the installed capacity of Trident has increased to 688 looms capable of producing 90,000 TPA of terry towels, making Trident the largest manufacturer of terry towels in the world. The inauguration of this plant marks the completion of first phase of composite textile project undertaken by the Company in Budni, Madhya Pradesh.
Further, the company laid the foundation stone of the second phase of its composite textile project comprising of two spinning units, a bed linen unit and a captive power plant. This project will have 500 looms capable of producing 3.6 million meters of bed linen/month, 1.85 lac yarn spindles and 60 MW of captive power. While the captive power plant will be commissioned in September 2016, the bed linen and spinning units are expected to be operational by September 2015; and will add about INR 12000.000 Million to annual revenue.
The company shall make a total investment of INR 24000.000 Million for its composite textile project in Budni, Madhya Pradesh and shall engage about 25,000 families across all its business verticals. The composite textile project is fully vertically integrated: from cotton-to-terry towel and from cottonto-bed linen. This shall provide the company a natural cushion against variations in cotton and yarn prices. Moreover, the company shall benefit from economies of scale, lower finance cost due to interest subsidy from central and state governments, proximity to ports and easy availability of raw materials.
Commenting on the
expansion projects, Mr. Rajinder Gupta, Chairman at Trident Group said:
“Today we move a step closer to our dream of becoming the world’s largest home textile company. With entry into the bed linen segment, we intend to improve our product basket by offering a complete range of home textile products. With greater vertical integration and our emphasis on value-added products combined with prudent financial management, we believe that this expansion 2 shall be a step further towards our goal of registering a strong performance and delivering better returns to our shareholders.” Keeping pace with the technology, the Company has partnered with global best technology suppliers like Karl Mayer, Toyota, Staubli, Benninger, Anglada, Muratec, LMW, Trutzschler, Oerlikon, Savio etc. for its expansion & diversification plans. Also, the Company has been laying special emphasis on Branding Initiatives in paper and textile divisions; and has launched various brands such as Trident Classic, Trident Indulgence, Trident Home Essentials and Trident Everyday in the textiles division; and Trident Natural, Trident My Choice, Trident Eco Green, Trident Spectra and Trident Royal Touch in the paper division, which have been well received in the market. Further, the company has launched new towel brands such as Trident Aroma, Trident Organica and Trident Cuddlies during this festive season.
TRIDENT DECLARES
SECOND INTERIM DIVIDEND
Trident Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2015, inter alia, has declared 2nd Interim Dividend of Re. 0.30 (3%) per fully paid up equity shares of Rs. 10/- each of the Company. The said interim dividend will be credited / dispatched to the members within 15 days of the Record Date.
TRIDENT GROUP FIRST
CORPORATE IN COUNTRY TO DISBURSE SALARY THROUGH AADHAAR
Ludhiana (Punjab) based Trident Group, a leading manufacturer of Terry Towels, Paper, Yarn and Chemicals with a strong presence in Punjab & Madhya Pradesh has now attained the distinction of being the first corporate in the country to disburse salary of its employees leveraging Aadhaar Payment Bridge (APB).
The soft launch of the project of the project was done today in New Delhi by
Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, and Nandan
Nilekani, Chairman, Unique Identification Authority of India(UIDAI). Rajinder
Gupta, Chairman Trident Group was also present on the occasion.
Salary of employees of Trident Group has been transferred to their Aadhaar
linked bank accounts leveraging Aadhaar Payment Bridge (APB). Speaking on the
occasion, Deputy Chairman, Planning Commission, Montek Singh Ahluwalia
complimented Trident Group and UIDAI for successful launch of Aadhaar
Linked Disbursal of Salary of Trident employees.
Ahluwalia expressed optimism that this initiative by Trident group would become
a role model for other corporate players to follow in coming days ahead.
Use of APB for transferring salary will provide transparent mechanism
to check the outflow of cash benefit to the accounts of individual and enables
re-conciliation of accounts and ensures that there is no duplication,
falsification in transfer of salaries to identified employees.
Chairman Trident Group, Rajinder Gupta, informed that Trident has decided to
link all their future recruitment with Aadhaar number for demographic verification.
“It is estimated that we shall employ more than 6000 persons in coming quarters. We shall facilitate to link more than 20000 families with Aadhaar number for disbursal of salary, bank transactions, LPG gas and other social benefits of Government in coming year.”
TRIDENTGROUP TO SHOWCASE INNOVATIVE PRODUCT RANGE AT HEIMTEXTIL 2015
FRANKFURT
Ludhiana, January 14, 2015: TridentGroup will be participating in HeimTextil 2015 in Frankfurt, one of the biggest international trade fairs for home and contract textiles.
Scheduled from January 14-17, Heimtextil is the first trade fair of the year, effectively serving as a sharing, learning & networking platform for manufacturers, retailers and designers to showcase their latest innovations and services and also understand global industry trends from experts and competitors. Though predominantly a product show, Heimtextil also facilitates research driven special shows and workshops, for its visitors and exhibitors.
As one of the large manufacturers and global supplier of home textile products, TridentGroup is a regular participant at the event. This will be the 17th year for them at Heimtextil and their participation surely will be special in many ways. Not only the stall booked will be one of the largest (2325 sq. ft.) but the Company is also expected to display its unique feature and design rich range created from new fibres, fibre blends and construction techniques keeping in line with global textile trends.
Their end to end towel and bathrobe range on display at Heimtextil will showcase functional applications and advancements such as use of smart textile developed using patented techniques like AirRich that has created a niche demand in mature home textile markets, besides reducing carbon footprints. TridentGroup is now the world’s largest terry towel manufacturer with an installed annual capacity of 360 million pieces, placing it in a unique position to handle customized needs of varied & demanding customers. Also, as one among India’s ten largest yarn producers, TridentGroup’s consistent focus on yarn diversity and innovative properties in yarn construction enables it to produce stronger, smoother, finer yarn with highly refined weaving capability for its products. The Company has also announced its entry into bed sheeting & will be ready with new state of the art facility by Q3 FY16. This integrated sheeting plant will have an annual capacity of 45 million metres.
TridentGroup is aiming for expanding global its reach this year. Both matured & emerging markets globally and domestic market in India will be
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
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.63.50 |
|
UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.69.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
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.