MIRA INFORM REPORT
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Report No. : |
338570 |
|
Report Date : |
01.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
NCL ALLTEK AND SECCOLOR LIMITED |
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Formerly Known
As : |
ALLTEK COATING PRODUCTS LIMITED NCL ALLTEK LIMITED NCL FINANCE AND LEASING LIMITED |
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Registered
Office : |
Bindu Elegancy, Plot No. 1, Ganga Enclave Petbasheerabad, Quthubdullapur Hyderabad – 500067, Telangana |
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Tel. No.: |
91-40-49693333 |
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Country : |
India |
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Financials (as on)
: |
31.03.2014 |
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Date of
Incorporation : |
11.07.1986 |
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Com. Reg. No.: |
006601 |
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Capital
Investment / Paid-up Capital : |
Rs.57.849 Million |
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CIN No.: [Company Identification
No.] |
U72200TG1986PLC006601 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCA9318G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of building materials such as spray plasters, skim coat, paints/primer, steel profiles/sections, unplasticised polyvinyl chloride windows and steel windows, glazing, renders and AAC blocks. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2300000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a Hyderabad based company incorporated in July 1986. It is having a satisfactory track. Overall financial position of the company seems to be decent. The rating also takes into consideration the company’s established
brands in the building materials industry in South India and it supported by
its long-standing relationships with its customers. Trade relations are fair. Business is active. Payment terms are
usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH Rating |
|
Rating |
Long-Term
Issuer Rating: ‘IND BBB’ |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
17.07.2015 |
|
Rating Agency Name |
FITCH Rating |
|
Rating |
Non-fund-based
working capital : ‘IND A3+’ |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
17.07.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE
CONTACT NO.: 91-40-49693333
LOCATIONS
|
Registered Office : |
Bindu Elegancy, Plot No. 1, Ganga Enclave Petbasheerabad, Quthubdullapur Hyderabad – 500067, Telangana, India |
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Tel. No.: |
91-40-49693333 / 2716 5186 |
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Fax No.: |
91-40-2716 5562 / 49693328 |
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E-Mail : |
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Website : |
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Factory 1: |
Ratnapuri, Turkala Khanapur Village, Ismailkh, Anpet-Post, Hatnoor Mandal, Medak - 502296, Telangana, India |
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Factory 2: |
Simhapuri, Mattapalli Village, Mattampally Mandal,
Huzurnagar, |
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Factory 3: |
F141-142, Industrial Area, Chopanki, Bhiwadi, Alwar, Rajasthan, India |
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Factory 4: |
Located
At :
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Branches : |
Located At :
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DIRECTORS
AS ON 29.09.2014
|
Name : |
Bimal Vinodrai Goradia |
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Designation : |
Whole-Time Director |
|
Address : |
Shreeji Plot No 101 NCL Enclave, Petbasheerabad, Hyderabad - 500055, Telangana, India |
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Date of Birth/Age : |
27.01.1961 |
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Date of Appointment : |
17.08.1998 |
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DIN No.: |
01200464 |
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Name : |
Ashven Datla |
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Designation : |
Director |
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Address : |
Flat No.102, Serenity, Plot No.415, Road No.22, Jubilee Hills, Hyderabad - 500033, Telangana, India |
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Date of Birth/Age : |
03.10.1974 |
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Date of Appointment : |
27.02.2008 |
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DIN No.: |
01837573 |
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Name : |
Datla Shilpa |
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Designation : |
Director |
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Address : |
302, Anisritha Apartments, Road No 81, Film Nagar, Jubliee Hills, Hyderabad, 500033, Telangana, India |
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Date of Birth/Age : |
25.04.1982 |
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Date of Appointment : |
27.03.2010 |
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DIN No.: |
02666397 |
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Name : |
Ambujodar Reddy Kanala |
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Designation : |
Whole-Time Director |
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Address : |
Flat No.502, Jyothi Heavens, Plot No. 59, Srinagar Colony, Hyderabad - 500073, Andhra Pradesh, India |
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Date of Birth/Age : |
14.07.1956 |
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Date of Appointment : |
31.01.2004 |
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DIN No.: |
01194127 |
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Name : |
Somaraju Sakhineti |
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Designation : |
Whole-Time Director |
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Address : |
144 NCL Enclave, Petbasheerabad, Medchal Road, Hyderabad - 500055, Telangana, India |
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Date of Birth/Age : |
28.08.1950 |
|
Date of Appointment : |
25.07.2011 |
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DIN No.: |
05233484 |
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Name : |
Sagiraju Satyanarayana Raju |
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Designation : |
Director |
|
Address : |
Hig 425, Bhel, Ramachandrapuram, Hyderabad - 500032, Andhra Pradesh, India |
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Date of Birth/Age : |
01.04.1946 |
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Date of Appointment : |
25.01.2012 |
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DIN No.: |
01764474 |
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Name : |
Tarun Sandeep Gottumukkala |
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Designation : |
Director Appointed In Casual Vacancy |
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Address : |
H.No 45-11, Upperguda Moulalai, Hyderabad - 500040, Andhra Pradesh, India |
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Date of Birth/Age : |
27.06.1985 |
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Date of Appointment : |
31.12.2012 |
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DIN No.: |
03141958 |
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Name : |
Sudheer Kanumilli |
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Designation : |
Director Appointed In Casual Vacancy |
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Address : |
Flat No 604, Hallmark Ksn Residency, Survey No.56, Kondapur, Serilingampally, Kothaguda, KV Rangareddy - 500084, Telangana, India |
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Date of Birth/Age : |
01.08.1955 |
|
Date of Appointment : |
23.08.2014 |
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DIN No.: |
06951756 |
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|
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Name : |
Jayabharat Reddy Koti |
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Designation : |
Director |
|
Address : |
6-3-1186/6, Begumpet, Hyderabad - 500016, Andhra Pradesh, India |
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Date of Birth/Age : |
12.04.1937 |
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Date of Appointment : |
31.01.2004 |
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DIN No.: |
00038342 |
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Name : |
Kanna Reddy Mandadi |
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Designation : |
Director |
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Address : |
Plot No. 550, Road No 92, Opposite Micro Wave Tower, Jubilee Hills, Hyderabad - 500030, Telangana, India |
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Date of Birth/Age : |
18.07.1934 |
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Date of Appointment : |
24.09.2008 |
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DIN No.: |
00040440 |
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Name : |
Sundaresan Vembu |
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Designation : |
Director |
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Address : |
H.No.289/70, III Main Road, Shanthi Nagar, Hyderabad - 500028, Andhra Pradesh, India |
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Date of Birth/Age : |
30.06.1926 |
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Date of Appointment : |
22.11.1986 |
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DIN No.: |
01150110 |
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Name : |
Pooja Kalidindi |
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Designation : |
Additional Director |
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Address : |
Plot No. 140, NCL Enclave, Petbasheerabad, Qutubullahpur, Rangareddy - 500055, Telangana, India |
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Date of Birth/Age : |
24.09.1984 |
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Date of Appointment : |
29.09.2014 |
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DIN No.: |
03496114 |
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Name : |
Madhu Kalidindi |
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Designation : |
Managing Director |
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Address : |
NCL No.140, Pet Basheerabad, Quthbullapur, Hyderabad, 500055, Andhra Pradesh, India |
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Date of Birth/Age : |
01.07.1956 |
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Date of Appointment : |
27.05.2000 |
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DIN No.: |
00040253 |
KEY EXECUTIVES
|
Name : |
Divyabharathi U |
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Designation : |
Secretary |
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Address : |
H.No: 46-16, Bhagath Singh Nagar, Chinthal, HMT Road, Hyderabad - 500054, Andhra Pradesh, India |
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PAN No. : |
ACFPU7640H |
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Date of Appointment : |
21.08.2013 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
Shareholders details file attached
AS ON 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Mutual Funds |
8.49 |
|
Bodies corporate |
1.20 |
|
Directors or relatives of Directors |
72.45 |
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Other top fifty shareholders |
3.58 |
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Others |
14.28 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of building materials such as spray plasters, skim coat, paints/primer, steel profiles/sections, unplasticised polyvinyl chloride windows and steel windows, glazing, renders and AAC blocks. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Financial Institution : |
Andhra Pradesh State Financial Corporation |
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Auditors : |
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Name : |
K.R. Bapuji and Company Chartered Accountants |
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Address : |
1-65/29 Plot No. 29, Kavuri Hills, Phase 3, Guttalabegampet, Madhapur, Opposite Mosaica International School, Hyderabad – 500081, Andhra Pradesh, India |
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PAN No.: |
AADFK3667N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associate Company: |
NCL Wintech India Limited |
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Subsidiary
Companies : |
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Enterprise where KMP
have significant influence or control: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,000,000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,960,486 |
Equity Shares |
Rs.10/- each |
Rs.69.605 Million |
Subscribed & Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,784,868 |
Equity Shares |
Rs.10/- each |
Rs.57.849 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
57.849 |
57.849 |
57.849 |
|
(b) Reserves &
Surplus |
738.450 |
682.999 |
632.178 |
|
(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) |
796.299 |
740.848 |
690.027 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
66.200 |
78.793 |
107.408 |
|
(b) Deferred tax
liabilities (Net) |
14.949 |
15.482 |
17.394 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
4.260 |
|
(d) long-term provisions |
21.295 |
21.403 |
17.642 |
|
Total Non-current
Liabilities (3) |
102.444 |
115.678 |
146.704 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
208.981 |
149.099 |
169.842 |
|
(b) Trade payables |
56.195 |
51.514 |
38.841 |
|
(c) Other current
liabilities |
159.138 |
157.168 |
164.568 |
|
(d) Short-term provisions |
47.246 |
39.293 |
46.950 |
|
Total Current Liabilities
(4) |
471.560 |
397.074 |
420.201 |
|
|
|
|
|
|
TOTAL |
1370.303 |
1253.600 |
1256.932 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
335.131 |
333.917 |
340.967 |
|
(ii) Intangible Assets |
0.756 |
0.090 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
4.605 |
|
(iv) Intangible assets
under development |
1.735 |
10.466 |
0.000 |
|
(b) Non-current
Investments |
202.930 |
202.930 |
197.630 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
187.460 |
167.573 |
119.114 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
728.012 |
714.976 |
662.316 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
159.531 |
151.581 |
154.689 |
|
(c) Trade receivables |
300.700 |
312.501 |
287.471 |
|
(d) Cash and cash
equivalents |
19.728 |
19.161 |
29.600 |
|
(e) Short-term loans and
advances |
149.201 |
34.912 |
101.775 |
|
(f) Other current assets |
13.131 |
20.469 |
21.081 |
|
Total Current Assets |
642.291 |
538.624 |
594.616 |
|
|
|
|
|
|
TOTAL |
1370.303 |
1253.600 |
1256.932 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1401.898 |
1293.627 |
1210.742 |
|
|
Other Income |
29.985 |
26.353 |
22.523 |
|
|
TOTAL |
1431.883 |
1319.980 |
1233.265 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
641.781 |
582.320 |
551.018 |
|
|
Purchases of Stock-in-Trade |
310.977 |
285.039 |
256.799 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.883 |
(0.312) |
(4.774) |
|
|
Employees benefits
expense |
138.765 |
139.013 |
126.690 |
|
|
Exceptional items |
(2.518) |
0.000 |
(21.327) |
|
|
Other expenses |
137.927 |
128.433 |
113.992 |
|
|
TOTAL |
1229.815 |
1134.493 |
1022.398 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
202.068 |
185.487 |
210.867 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
43.606 |
44.320 |
41.633 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
158.462 |
141.167 |
169.234 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.625 |
21.031 |
19.620 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
136.837 |
120.136 |
149.614 |
|
|
|
|
|
|
|
Less |
TAX |
47.546 |
38.931 |
46.265 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
89.291 |
81.205 |
103.349 |
|
|
|
|
|
|
|
|
deductions to reserves |
0.000 |
0.000 |
0.358 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
62.500 |
55.000 |
65.000 |
|
|
Dividend |
28.924 |
26.032 |
31.817 |
|
|
Tax on Dividend |
4.916 |
4.424 |
5.161 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(7.049) |
(4.251) |
1.729 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Sale of Windows |
Nil |
Nil |
1.059 |
|
|
TOTAL EARNINGS |
Nil |
Nil |
1.059 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
0.000 |
0.000 |
|
|
Components and Stores
parts |
NA |
0.003 |
0.030 |
|
|
Capital Goods |
NA |
2.782 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
2.785 |
0.030 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
Basic |
15.44 |
14.04 |
14.92 |
|
|
Diluted |
15.44 |
14.04 |
17.87 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
43.095 |
53.771 |
71.291 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
55.639 |
155.702 |
59.707 |
|
Net cash flows from (used in) operating activities |
12.129 |
113.796 |
(21.894) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.37 |
6.28 |
8.54 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.41 |
14.34 |
17.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.74 |
11.55 |
14.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.16 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.40 |
0.38 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.36 |
1.42 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
57.849 |
57.849 |
57.849 |
|
Reserves & Surplus |
632.178 |
682.999 |
738.450 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
690.027 |
740.848 |
796.299 |
|
|
|
|
|
|
long-term borrowings |
107.408 |
78.793 |
66.200 |
|
Short term borrowings |
169.842 |
149.099 |
208.981 |
|
Current maturities of
long term debt |
71.291 |
53.771 |
43.095 |
|
Total borrowings |
348.541 |
281.663 |
318.276 |
|
Debt/Equity ratio |
0.505 |
0.380 |
0.400 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1210.742 |
1293.627 |
1401.898 |
|
|
|
6.846 |
8.370 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1210.742 |
1293.627 |
1401.898 |
|
Profit |
103.349 |
81.205 |
89.291 |
|
|
8.54% |
6.28% |
6.37% |
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 |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposits from others |
0.000 |
0.310 |
|
|
|
|
|
Total |
0.000 |
0.310 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10559820 |
13/03/2015 |
230,000,000.00 |
STATE BANK OF HYDERABAD |
STATE BANK OF HYDERABAD, IFB, TOPAZ BUILDING, PAN |
C49377047 |
|
2 |
10541191 |
23/12/2014 |
250,000,000.00 |
IFCI LIMITED |
IFCI TOWER61 NEHRU PLACE, NEW DELHI, DELHI - 11001 |
C39539556 |
|
3 |
10444465 |
29/06/2013 |
50,000,000.00 |
CORPORATION BANK |
3-6-285, AMEER MAHAL APARTMENTS, HYDERGUDA, HYDER |
B82762055 |
|
4 |
10315164 |
30/09/2011 |
35,000,000.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, NEW DELHI, DELH |
B24345712 |
|
5 |
10315172 |
30/09/2011 |
65,000,000.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, NEW DELHI, DELH |
B24347452 |
|
6 |
10025965 |
25/09/2012 * |
200,000,000.00 |
STATE BANK OF HYDERABAD |
INDUSTRIAL FINANCE BRANCH,TOPAZ BUILDING, AMRUTHA |
B59282129 |
|
7 |
90118376 |
27/01/1992 * |
3,000,000.00 |
S.B.I. |
SECUNDERABAD, SECUNDERABAD, ARUNACHAL PRADESH, IND |
- |
|
8 |
90118220 |
17/08/1988 |
10,000,000.00 |
STATE BANK OF INDIA |
SECUNDERABAD, MAIN BRANCH, SECUNDERABAD, ANDHRA P |
- |
* Date of charge modification
OPERATIONS
The turnover of the company increased by about 9% with increase of 10% in the profitability of the company. However efforts would continue to improve the efficiencies and reduction of costs.
The Directors are contemplating several measures to improve the profitability, including enhancement in the capacities of the UPVC windows in Seccolor Division and cement based low weight bricks (AAC Blocks) in the Alltek Division, which are showing more growth prospects.
CORPORATE INFORMATION
The company incorporated under the Companies Act, 1956. The Company consists of two divisions namely Alltek and Seccolor.
Alltek has started manufacturing spray plasters in 1988 with technology from M/s.ICP Sweden. Alltek Company is the first company to start manufacturing acrylic based putties (spray plasters) in India. And today it is the largest manufacturer of spray plasters in India. Alltek is also manufacturing emulsion paints including textured paints, The Company now manufactures White cement based putty and other Cement based products like Tile adhesive, Mortars and Plasters.
Seccolor has started manufacturing pre-painted steel doors, windows, partitions, glazings etc., in 1988 with technology from M/s Industries Secco S.P.A of Italy and marketing the products under the brand name of Seccolor. Initially Seccolor was a separate company but due to synergy of operations, it was merged with Alltek Coating Products Limited in the year of 2003. Seccolor Division is also fabricating UPVC doors, windows etc.
NOTE
Registered office of the company has been shifted from 7th Floor, RR Towers, Chirag Ali Lane Abids, Hyderabad - 500001, Telangana, India, to the present address w.e.f. 26.09.2011.
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Office equipment
- Computer
- Vehicle
- Computer software
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 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.66.08 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.74.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.