MIRA INFORM REPORT
|
Report No. : |
328954 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHILPI CABLE TECHNOLOGIES LIMITED |
|
|
|
|
Registered
Office : |
A-19/ B-1 Extension, Mohan Cooperative Industrial Estate,
P. O. Badarpur, Mathura Road, New Delhi – 110044 |
|
Tel No.: |
91-11-43117900 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
09.07.2006 |
|
|
|
|
Com. Reg. No.: |
55-150753 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1026.323 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L64201DL2006PLC150753 |
|
|
|
|
IEC No.: |
0506034356 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELR13149D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR3380E |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges |
|
|
|
|
Line of Business
: |
Manufacturer and trading of cables, wire and accessories used in
telecom, automobile, consumer durables etc. |
|
|
|
|
No. of Employees
: |
1100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. For the financial year ended 2015, the company has reported decent sales turnover growth and it has maintained profitability margins at 2.48%. Rating also takes consideration company's healthy operational risk profile supported by sound financial base and adequate liquidity profile of the company. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of sound financial profile, 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Fund Based Limits (BBB) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
August, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Non-Fund Based Limits (A3+) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
August, 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 PARTED BY
|
Name : |
Mr. Chandra Shekhar |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9873147404 |
LOCATIONS
|
Registered/ Corporate Office : |
A-19/ B-1 Extension, Mohan Cooperative Industrial Estate,
P. O. Badarpur, Mathura Road, New Delhi – 110044, India |
|
Tel. No.: |
91-11-43117900 |
|
Mobile No.: |
91-9873147404 (Mr. Chandra Shekhar) |
|
Fax No.: |
91-11-43117902 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
680 Sq. M |
|
Location : |
Owned |
|
|
|
|
Factory : |
Unit I SP1037, Chopanky, RIICO Industrial Area, District Alwar– 301019, Rajasthan, India Unit II E-138 RIICO Industrial Area, Phase -1, Bhiwadi, District – Alwar - 301019, Rajasthan, India Unit III Behind Tech Auto Private Limited ChinnaBelagondapalli Nagondapalli
Post Mathigiri – 635110 Hosur, India |
|
|
|
|
Dubai Offices : |
SHILPI WORLDWIDE JLT Unit No. 3O-01-385, Floor No. 1, Building No. 3, Plot No. 550-554, J and G Complex, Almas Towers, DMCC, Dubai, United Arab Emirates P.O. Box No. 113248 SHILPI WORLDWIDE JLT Suite No. 404, Century 21 Building, Abu Bakar Al Siddique
Road, Opposite Al Kabayal Discount Centre Muraqqabat, Deira, Dubai, United
Arab Emirates SHILPI GLOBAL LLC Suite No. 404, Century 21 Building, Abu Bakar Al Siddique
Road Opposite Al Kabayal Discount Centre Muraqqabat, Deira, Dubai, United
Arab Emirates P.O. Box No. 113248 |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Mukesh Kumar Gupta |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Manish Goel |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Ghanshyam Pandey |
|
Designation : |
Director |
|
Address : |
227, Pocket-J,
Sarita Vihar, New Delhi – 110076, India |
|
Date of Birth/Age : |
12.02.1955 |
|
Qualification : |
B. Sc
(Mathematics) and Diploma in Management |
|
Experience : |
30 Years |
|
DIN No.: |
00163072 |
|
Companies in which
holds Directorship : |
· GGP Cabletronics Private Limited · Glosters Metals and Alloys Private Limited |
|
|
|
|
Name : |
Mr. Sunil Kala |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Sandeep Gupta |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Narendra Kumar Singh |
|
Designation : |
Nominee Director |
|
Address : |
J-074 Windsor
Park Vaibhav Khand, Indrapuram, Ghaziabad – 201010, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.12.1973 |
|
Qualification : |
Post graduate in
Management and Mathematics |
|
Experience : |
16 Years |
|
DIN No.: |
06626320 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Bhatt |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Vikas Jaiswal |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. Chandra Shekhar |
|
Designation : |
Finance Manager |
|
|
|
|
Board Committees: |
|
|
Audit Committee: |
Mr. Sandeep Gupta Mr. Sunil Tarachand Kala Mr. Ghanshyam Pandey |
|
|
|
|
Stakeholders Relationship Committee: |
Mr. Sandeep Gupta Mr. Sunil Tarachand Kala Mr. Ghanshyam Pandey |
|
|
|
|
Nomination and Remuneration Committee: |
Mr. Sandeep Gupta Mr. Sunil Tarachand Kala Mr. Ghanshyam Pandey |
|
|
|
|
Corporate Social Responsibility Committee: |
Mr. Sandeep Gupta Mr. Sunil Tarachand Kala Mr. Ghanshyam Pandey |
SHAREHOLDING PATTERN
As on 31.03.2015
|
Category
of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total
No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
72000 |
0.07 |
|
|
37500000 |
36.54 |
|
|
37572000 |
36.61 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
37572000 |
36.61 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
100 |
0.00 |
|
|
13518000 |
13.17 |
|
|
13518100 |
13.17 |
|
|
|
|
|
|
9991500 |
9.74 |
|
|
|
|
|
|
5013977 |
4.89 |
|
|
9172185 |
8.94 |
|
|
27364510 |
26.66 |
|
|
534065 |
0.52 |
|
|
66855 |
0.07 |
|
|
6246842 |
6.09 |
|
|
10082000 |
9.82 |
|
|
10434748 |
10.17 |
|
|
51542172 |
50.22 |
|
Total Public shareholding (B) |
65060272 |
63.39 |
|
Total (A)+(B) |
102632272 |
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) |
102632272 |
0.00 |
BUSINESSDETAILS
|
Line of Business : |
Manufacturer and trading of cables, wire and accessories used in
telecom, automobile, consumer durables etc. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
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Exports : |
|
|
Products : |
Cable Wires and accessories |
|
Countries : |
|
|
|
|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
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|
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Terms : |
|
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Selling : |
Cash, Credit, DA and DP |
|
|
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Purchasing : |
Cash, Credit and LC |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
1100 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
RMA and Associates Chartered Accountants |
|
Address : |
48, Hasanpur, I. P. Extension, Delhi – 110092, India |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiary Company
(AS ON 31.03.2014): |
Shilpi Worlwide JLT |
|
|
|
|
Associates
Companies (AS ON 31.03.2014): |
|
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 1026.323
Million
As on 01.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
105000000 |
Equity Shares |
Rs.10/- each |
Rs.1050.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
102632272 |
Equity Shares |
Rs.10/- each |
Rs. 1026.323 Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49316136 |
Equity Shares |
Rs.10/- each |
Rs. 493.161 Million |
|
|
|
|
|
Reconciliation of
number of equity shares outstanding at the beginning and at end of the year
|
Particulars |
As at 31.03.2014 |
|
Number of shares
outstanding as at beginning of the year |
37516136 |
|
Add: |
|
|
Number of shares allotted for cash (52,17,374 Equity Shares of Rs.10 each fully paid have been allotted during the financial year 2012-13, in terms of scheme of amalgamation the Transferee Company issued 9 (nine) Equity Shares of Rs. 10 each, credited as fully paid up, for every 4 (four) Equity Shares of Rs. 10 each held in the Transferor Company.) |
11800000 |
|
|
49316136 |
|
Less: Number of shares bought back during the year |
-- |
|
Number of shares outstanding
as at end of the year |
49316136 |
|
65,00,000 equity
shares held by promoters of the company are locked in up to 15.04.2014 50,41,000 equity
shares held by Paradigm India Investment Fund are locked in up to 25.05.2015 13,04,344 equity
shares held by Trustee of SCTL Securities Trust are locked in up to
31.07.2015 44,00,000 equity
shares held by Highbluesky Emerging Market Fund are locked in up to
10.04.2015 23,59,000 equity
shares held by Aspire Emerging Fund are locked in up to 10.04.2015 |
|
(c) Shareholdings in
the company by the holding/ultimate holding company
and their
subsidiaries/associates
|
Out of equity
shares issued by the company, share held by holding company are as
follows: |
As at 31.03.2014 |
|
Shilpi Communication Private Limited |
33.96% |
(D) Shares in the
company held by each shareholder holding more than 5% shares
|
Name of the
shareholder |
Number of shares
held in the company |
Percentage of
shares held |
|
Shilpi Communication Private Limited |
16750000 |
33.96% |
|
Trustee of SCTL Securities Trust (Anand Gupta) |
5217374 |
10.58% |
|
Paradigm India Investment Fund |
5041000 |
10.22% |
|
Highbluesky Emerging Market Fund |
4400000 |
8.92% |
(E) Terms / rights attached
to equity shares
The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.
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 |
1026.323 |
493.161 |
375.161 |
|
(b) Reserves & Surplus |
1709.900 |
1730.499 |
1253.408 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
9.629 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2736.223 |
2233.289 |
1628.569 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
368.165 |
296.707 |
255.757 |
|
(b) Deferred tax liabilities
(Net) |
129.414 |
121.642 |
106.457 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
9.420 |
5.046 |
3.827 |
|
Total
Non-current Liabilities (3) |
506.999 |
423.395 |
366.041 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1631.520 |
1160.109 |
986.403 |
|
(b) Trade payables |
3846.213 |
2853.006 |
1823.241 |
|
(c) Other current liabilities |
93.691 |
34.598 |
34.346 |
|
(d) Short-term provisions |
169.051 |
103.869 |
84.975 |
|
Total
Current Liabilities (4) |
5740.475 |
4151.582 |
2928.965 |
|
|
|
|
|
|
TOTAL |
8983.697 |
6808.266 |
4923.575 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1024.433 |
947.535 |
818.711 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
48.875 |
1.390 |
0.437 |
|
(iv) Intangible assets under
development |
4.311 |
0.000 |
0.000 |
|
(b) Non-current Investments |
149.374 |
137.474 |
137.474 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
84.818 |
69.300 |
60.497 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1311.811 |
1155.699 |
1017.119 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1728.020 |
1413.561 |
932.945 |
|
(c) Trade receivables |
4640.735 |
3375.865 |
2576.056 |
|
(d) Cash and cash equivalents |
598.731 |
401.426 |
260.690 |
|
(e) Short-term loans and
advances |
1.238 |
0.736 |
0.617 |
|
(f) Other current assets |
703.162 |
460.979 |
136.148 |
|
Total
Current Assets |
7671.886 |
5652.567 |
3906.456 |
|
|
|
|
|
|
TOTAL |
8983.697 |
6808.266 |
4923.575 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
14076.779 |
9860.339 |
6548.886 |
|
|
Other Income |
39.382 |
33.337 |
17.394 |
|
|
TOTAL (A) |
14116.161 |
9893.676 |
6566.280 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
12449.015 |
8537.803 |
5756.862 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
-303.737 |
(88.491) |
(185.719) |
|
|
other Manufacturing,
Operating Expenses |
384.022 |
279.429 |
122.896 |
|
|
Employees benefits
expense |
113.993 |
61.899 |
45.846 |
|
|
Prior Period Adjustments |
0.000 |
(0.434) |
0.000 |
|
|
Other expenses |
246.791 |
135.328 |
92.402 |
|
|
TOTAL (B) |
12890.084 |
8925.534 |
5832.287 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
1226.077 |
968.142 |
733.993 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
616.259 |
520.331 |
323.538 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
609.818 |
447.811 |
410.455 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
83.629 |
48.831 |
36.433 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
526.189 |
398.980 |
374.022 |
|
|
|
|
|
|
|
Less |
TAX (H) |
176.363 |
118.679 |
112.123 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
349.826 |
280.301 |
261.899 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Sales (Exports) |
NA |
1186.057 |
55.992 |
|
|
Others |
NA |
0.055 |
0.020 |
|
|
TOTAL EARNINGS |
NA |
1186.112 |
56.012 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials and Spare
Parts |
NA |
4550.583 |
2869.771 |
|
|
Capital Goods |
NA |
45.931 |
171.451 |
|
|
TOTAL IMPORTS |
NA |
4596.514 |
3041.222 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
3.54 |
7.27 |
6.98 |
Expected Sales (2015-2016) : Rs.18000.000 Million
The above information has been parted by Mr. Chandra Shekhar
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
Net Profit Margin (PAT / Sales) |
(%) |
2.49 |
2.84 |
4.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.71 |
9.82 |
11.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.99 |
5.98 |
7.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.18 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.73 |
0.65 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.36 |
1.33 |
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 |
375.161 |
493.161 |
1026.323 |
|
Reserves & Surplus |
1253.408 |
1730.499 |
1709.900 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
9.629 |
0.000 |
|
Net
worth |
1628.569 |
2233.289 |
2736.223 |
|
|
|
|
|
|
long-term borrowings |
255.757 |
296.707 |
368.165 |
|
Short term borrowings |
986.403 |
1160.109 |
1631.520 |
|
Total
borrowings |
1242.160 |
1456.816 |
1999.685 |
|
Debt/Equity
ratio |
0.763 |
0.652 |
0.731 |
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 |
6548.886 |
9860.339 |
14076.779 |
|
|
|
50.565 |
42.762 |
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 |
6548.886 |
9860.339 |
14076.779 |
|
Profit |
261.899 |
280.301 |
349.826 |
|
|
4.00% |
2.84% |
2.49% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
|
LITIGATION DETAILS $~4 * IN THE HIGH COURT OF DELHI AT NEW DELHI + CO.PET. 78/2015 and CA Nos. 370-71/2015 CREDIT SUISSE AG ..... Petitioner Through: Mr. Aman Leekha, Advocate. Versus SHILPI CABLE TECHNOLOGIES LTD. ..... Respondent Through: Mr. Ajay Garg, Advocate. CORAM: HON'BLE MR. JUSTICE SUDERSHAN KUMAR MISRA O R D E R % 13.04.2015 Hon’ble Judge is not holding Court today. Re-notify on 9.7.2015. COURT MASTER APRIL 13, 2015 AK |
UNSECURED LOANS
|
PARTICULAR |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Debentures 250 2% Unsecured, Unlisted, redeemable and non convertible debentures of Rs. 10,00,000 each. |
|
250.000 |
|
Other Loans from Bank / FIs |
|
0.000 |
|
Loans from others Loans from Corporates |
|
0.000 |
|
Loans and advances
from related parties Loans from Related Parties |
|
0.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans from others Loans from Corporates |
|
34.230 |
|
Loans and advances
from related parties Loans from Related Parties |
|
18.900 |
|
Other Loans from Bank / FIs |
|
1.541 |
|
Total |
NA |
304.671 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10528155 |
08/09/2014 |
42,400,000.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
C31569973 |
|
2 |
10522719 |
08/09/2014 |
30,000,000.00 |
ANDHRA BANK |
ANDHRA BANK, GREEN PARK
BRANCH, NEW DELHI, DELHI |
C23365265 |
|
3 |
10516173 |
22/08/2014 |
560,000,000.00 |
IDBI Bank |
INDIAN RED CROSS SOCIETY BUILDING,3RD FLOOR, 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001, INDIA |
C17545096 |
|
4 |
10441211 |
26/06/2013 |
65,000,000.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B81271322 |
|
5 |
10399792 |
17/01/2013 |
550,000,000.00 |
IDBI BANK LIMITED |
INDIAN RED CROSS SOCIETY BUILDING,3RD FLOOR, 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001, INDIA |
B66707241 |
|
6 |
10304780 |
29/12/2014 * |
6,935,000,000.00 |
IDBI Bank Limited |
INDIAN RED CROSS SOCIETY BUILDING,3RD FLOOR, 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001, INDIA |
C38997375 |
* Date of charge modification
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
(a) Claims against the company not acknowledged as debts |
|
117.070 |
|
(a) Claims against the company not acknowledged as debts |
|
|
|
-Bank Guarantees (For EPCG and Performance) |
NA |
80.060 |
|
- Corporate Guarantee (For WC loans to Subsidiary/ JV Companies) |
|
2916.758 |
|
|
|
3113.888 |
FIXED ASSETS
· Land
· Factory Building
· Plant and Machinery
· Furnitures and Fixtures
· Office Equipment
· Computers and Softwares
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.51 |
|
|
1 |
Rs. 100.94 |
|
Euro |
1 |
Rs. 72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.