MIRA INFORM REPORT
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Report No. : |
343057 |
|
Report Date : |
28.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRIDENT LIMITED (w.e.f. 18.04.2011) |
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Formerly Known
As : |
ABHISHEK INDUSTRIES LIMITED |
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Registered
Office : |
Trident Complex,
Raikot Road, Barnala – 148101, Punjab |
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Tel. No.: |
91-1679-244700/ 244701/02 |
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Country : |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
18.04.1990 |
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Com. Reg. No.: |
16-010307 |
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Capital
Investment / Paid-up Capital : |
Rs.5086.400 Million |
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CIN No.: [Company Identification
No.] |
L99999PB1990PLC010307 |
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TIN No.: |
Not Available |
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IEC No.: |
3091002837 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
JLDA00951G |
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PAN No.: [Permanent Account No.] |
AABCA4139J |
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Legal Form : |
A Public Limited Liability Company.
The Company’s Shares are Listed on the Stock Exchanges. |
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Line of Business
: |
The Company is engaged in manufacturing, trading and selling of yarn, terry towels, paper, chemicals and IT enabled and business related services. |
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No. of Employees
: |
11,891 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 42000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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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
31-03-2015.
LOCATIONS
|
Registered Office/ Factory 1 : |
Trident Complex,
Raikot Road, Barnala – 148101, Punjab, India |
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Tel. No.: |
91-1679-244700/ 244701/02 |
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Fax No.: |
91-1679-244708 +91 161 5039900 |
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E-Mail : |
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Website : |
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Area : |
109.35 acres |
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Location : |
Owned (Freehold) |
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Corporate / Head Office : |
E-212, Kitchlu Nagar, Ludhiana – 141001, Punjab, India |
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Tel. No.: |
91-161-5039999/5038888 / 2304000 |
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Fax No.: |
91-161-5039900/5038800 |
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E-Mail : |
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Area : |
11001.5 sq. yrds. |
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Location : |
Owned (Leasehold) |
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Factory 2 |
Paper and
Chemical Division Village Dhaula, Mansa Road, Barnala-148101, Punjab, India |
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Factory 3 : |
Towel, Paper,
Chemical and Energy Plant Trident Complex, Dhaula and Fatehgarh Channa, Punjab, India |
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Area : |
207.64 acres |
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Location : |
Owned (Freehold) |
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Factory 4 : |
Towel, Paper,
Chemical and Energy Plant Trident Complex, Fatehgarj Channa, Punjab, india |
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Area : |
345.82 acres |
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Location : |
Owned (Freehold) |
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Factory 5 : |
Railway Siding Village Seikka, Barnala, Punjab, India |
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Area : |
29.8 acres |
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Location : |
Owned (Freehold) |
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Factory 6 : |
Yarn Plant Budni, Post Office, Pilikara, District – Sihore – 466 445, Madhya
Pradesh, India |
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Tel. No.: |
91-7564-280844 |
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Fax No.: |
91-7564-280875 |
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Area : |
29.72 acres |
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Location : |
Owned (Leasehold) |
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Factory 7 : |
Yarn Plant Trident Complex, Budni, Madhya Pradesh, India |
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Area : |
138.33 acres |
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Location : |
Owned (Freehold) |
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Factory 8 : |
Site for Garment
Plant C – 9,
Industrial Area, Mandideep Phase II,Tehsil, Goharganj, District Raisen,
Madhya Pradesh, India |
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Area : |
24435 sq. mtrs |
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Location : |
Owned (Leasehold) |
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Branch Offices : |
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Branch 1 : |
A-25/ 15-16, DLF, Phase 1, Gurgaon, Haryana, India |
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Tel. No.: |
91-124-2567943-47 |
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Fax No.: |
91-124-2567948 |
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Branch 2 : |
6 Fort, Vijay Society (2nd Floor), 1/3 Gola Lane, Opposite Dr. D N Road, Behind Central Camera, Mumbai-400001, Maharashtra, India |
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Branch 3 : |
SCO 20-21, Setcor-9, Madhya Marg, Chandigarh-160009, India |
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Area : |
367.52 Sq. Yards |
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Location : |
Rented |
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Branch 4 : |
Plot No. 3 situated at Nadir Colony, Bhopal, Madhya Pradesh, India |
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Area : |
2900 Sq. Ft. |
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Location : |
Owned (Leasehold) |
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Branch 5 : |
C – 185 ‐186 Industrial
Area, Phase VIII, Mohali, Punjab, India |
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Area : |
8867 Sq. Yds. |
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Location : |
Owned (Leasehold) |
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US Office : |
295 Fifth Avenue, Room 1112, New York NY 10016 USA |
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Email : |
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Area : |
2900 Sq. Ft. |
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Location : |
Leasehold |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. S. K. Tuteja |
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Designation : |
Director |
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Name : |
Mr. Rajinder Gupta |
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Designation : |
Director |
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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 |
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DIN No.: |
00009037 |
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Name : |
Mrs. Pallavi Shroff |
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Designation : |
Director |
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Address : |
S-270, Greater Kailash II, New Delhi, India |
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Date of Birth/Age : |
57 Years |
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Qualification : |
L.L.B, M.M.S |
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Experience : |
30 Years |
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Date of Anointment : |
28.03.2002 |
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DIN No.: |
00013580 |
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Name : |
Mr. Rajiv Dewan |
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Designation : |
Director |
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Address : |
96 F, Rishi Nagar, Ludhiana, Punjab, India |
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Date of Birth/Age : |
52 Years |
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Qualification : |
Chartered Accountant |
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Date of Anointment : |
14.05.2005 |
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DIN No.: |
00007988 |
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Name : |
Mr. Deepak Nanda |
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Designation : |
Director |
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Address : |
H No 561, Sector 10, Panchkula, Haryana, India |
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Date of Birth/Age : |
54 Years |
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Qualification : |
Master of
Science and Advance Training in Computer Software and Management |
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Date of Appointment : |
12.11.2013 |
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DIN No.: |
00403335 |
KEY EXECUTIVES
|
Name : |
Mr. Gunjan Shroff |
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Designation : |
Chief Financial Officer |
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Name : |
Mr. Pawan Babbar |
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Designation : |
Company Secretary |
SHAREHOLDING PATTERN
As on 30.06.2015
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
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|
198595513 |
39.03 |
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|
140156193 |
27.54 |
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|
140156193 |
27.54 |
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|
338751706 |
66.57 |
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|
|
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|
Total shareholding of Promoter and Promoter Group (A) |
338751706 |
66.57 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
260439 |
0.05 |
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|
7790093 |
1.53 |
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|
3128233 |
0.61 |
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|
11178765 |
2.20 |
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|
|
|
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|
99737423 |
19.60 |
|
|
|
|
|
|
26245085 |
5.16 |
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|
18383322 |
3.61 |
|
|
14551387 |
2.86 |
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|
14551387 |
2.86 |
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|
158917217 |
31.23 |
|
Total Public shareholding (B) |
170095982 |
33.43 |
|
Total (A)+(B) |
508847688 |
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) |
508847688 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in manufacturing, trading and selling of yarn, terry towels, paper, chemicals and IT enabled and business related services. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
11,891 (Approximately) |
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Bankers : |
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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 movable, 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 (refer note 42 A for repayment terms). With respect to the term loans from banks obtained by erstwhile Trident Corporation Limited (the Amalgamating Company), amalgamated with the Company with effect from the appointed date i.e. April 1, 2014, the same are secured by way of equitable mortgage created on the immovable properties including all buildings, structures, plant and machinery attached thereon and hypothecation of all the movable properties including movable machinery spares, tools and accessories, stocks of raw materials, semi-finished goods, consumable stores and other moveables of the Amalgamating Company, as existing immediately prior to the amalgamation of the Amalgamating Company with the Company. (Refer note 42 B for repayment terms). Includes Rs. Nil (Previous year Rs. 872.6 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. Vehicles loans Vehicle loans are secured by hypothecation of vehicles acquired against such loans (refer note 42 C for repayment terms). 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. |
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AUDITORS : |
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|
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 |
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Tel. No.: |
91-124-6792000 |
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Fax No.: |
91-124-6792012 |
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Cost
Auditors : |
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|
Name : |
Ramanath Iyer and Company Cost Accountants |
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Tax
Auditors : |
|
|
Name : |
S C Vasudeva and Company Chartered Accountants |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprise that
controls the Company : |
·
Madhuraj Foundation (directly or indirectly
holds majority voting power) |
|
|
|
|
Enterprises that
are controlled by the Company, i.e. subsidiary company : |
·
Trident Global Corp Limited |
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|
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|
Enterprises under
the common control as the Company : |
· Trident Group Limited · Trident Institute of Social Sciences · Trident Industrial Corp Limited |
|
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|
Enterprise on which
Company exercises significant influence : |
·
Trident Global Inc |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,093,000,000 |
Equity Shares |
Rs.10/- each |
Rs.15930.000 Million |
|
3,105,000,000 |
Preference Shares |
Rs.10/- each |
Rs. 31050.000 Million |
|
|
Total |
|
Rs.181980.000
Million |
Issued, Subscribed & Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
508,641,469 |
Equity Shares |
Rs. 10/- each |
Rs. 5086.400 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 |
311,086,712 |
3,110.900 |
|
Shares issued during the year |
197,554,757 |
1,975.500 |
|
Shares outstanding at the end of the year |
508,641,469 |
5,086.400 |
b.
Rights, preferences and restrictions attached to
the equity shareholders:
Rights,
preferences and restrictions attached to the equity shareholders: The Company
has one class of equity shares having a par value of `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 |
140,156,193 |
27.60% |
|
Trident
Group Limited |
147,151,616 |
28.90% |
|
Trident
Capital Limited |
30,000,000 |
5.90% |
|
Prudent
Traders Private Limited |
30,000,000 |
5.90% |
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 |
189,855,427 |
37.3% |
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 |
5086.400 |
3110.900 |
3108.400 |
|
(b) Reserves & Surplus |
9466.800 |
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) |
14553.200 |
9308.800 |
7062.700 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13961.000 |
7658.600 |
9491.800 |
|
(b) Deferred tax liabilities (Net) |
1242.100 |
1082.300 |
1070.100 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
405.100 |
45.300 |
42.900 |
|
Total Non-current
Liabilities (3) |
15608.200 |
8786.200 |
10604.800 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
8156.000 |
8038.800 |
9673.600 |
|
(b) Trade
payables |
2163.000 |
1852.500 |
1658.500 |
|
(c) Other
current liabilities |
4514.900 |
3665.800 |
3841.500 |
|
(d) Short-term
provisions |
43.600 |
193.200 |
27.800 |
|
Total Current
Liabilities (4) |
14877.500 |
13750.300 |
15201.400 |
|
|
|
|
|
|
TOTAL |
45038.900 |
31845.300 |
32868.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
28608.300 |
17912.300 |
19622.200 |
|
(ii)
Intangible Assets |
30.300 |
43.600 |
60.000 |
|
(iii)
Capital work-in-progress |
1993.000 |
276.900 |
280.500 |
|
(iv)
Intangible assets under development |
225.900 |
85.900 |
0.000 |
|
(b) Non-current Investments |
117.000 |
1032.300 |
619.700 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1727.900 |
1514.400 |
1224.600 |
|
(e) Other
Non-current assets |
0.00 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
32702.400 |
20865.400 |
21807.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
196.500 |
155.000 |
25.000 |
|
(b)
Inventories |
7465.400 |
6428.500 |
6909.900 |
|
(c) Trade
receivables |
2047.800 |
2641.400 |
2323.000 |
|
(d) Cash
and cash equivalents |
167.700 |
245.200 |
331.100 |
|
(e) Short-term
loans and advances |
2437.100 |
1487.800 |
1436.600 |
|
(f) Other
current assets |
22.000 |
22.000 |
36.300 |
|
Total
Current Assets |
12336.500 |
10979.900 |
11061.900 |
|
|
|
|
|
|
TOTAL |
45038.900 |
31845.300 |
32868.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
37535.500 |
38688.600 |
33352.600 |
|
|
|
|
Other Income |
344.700 |
162.800 |
224.400 |
|
|
|
|
TOTAL (A) |
37880.200 |
38851.400 |
33577.000 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
19711.700 |
19415.400 |
18198.200 |
|
|
|
|
Purchase of Stock-in-trade |
505.400 |
881.300 |
226.100 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(920.800) |
223.200 |
(8.700) |
|
|
|
|
Employee Benefits Expenses |
3869.500 |
2870.000 |
2378.600 |
|
|
|
|
Other Expenses |
7763.500 |
8022.600 |
7004.700 |
|
|
|
|
TOTAL (B) |
30929.300 |
31412.500 |
27798.900 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6950.900 |
7438.900 |
5778.100 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
2059.600 |
2103.300 |
2352.800 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
4891.300 |
5335.600 |
3425.300 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
3213.200 |
2684.100 |
2614.400 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1678.100 |
2651.500 |
810.900 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
499.900 |
681.200 |
317.600 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
1178.200 |
1970.300 |
493.300 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4333.600 |
2520.300 |
2027.000 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Proposed Dividend |
287.200 |
134.200 |
0.000 |
|
|
|
|
Tax on proposed dividend |
53.400 |
22.800 |
0.000 |
|
|
|
|
Dividend on shares held
through trust |
13.100 |
0.000 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
5184.300 |
4333.600 |
2520.300 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
18668.900 |
18536.400 |
16081.700 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
555.300 |
517.600 |
555.300 |
|
|
|
|
Components and Stores parts |
187.500 |
138.300 |
207.300 |
|
|
|
|
Capital Goods |
247.600 |
4.500 |
122.100 |
|
|
|
TOTAL IMPORTS |
990.400 |
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 |
3684.400 |
2925.300 |
3232.700 |
|
Cash generated from operations |
6110.200 |
8052.700 |
3915.500 |
|
Net cash from operating activities |
5764.700 |
7468.500 |
3802.900 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.14 |
5.09 |
1.48 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
18.52 |
19.23 |
17.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.93 |
8.71 |
2.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.28 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.77 |
2.00 |
3.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
0.80 |
0.73 |
STOCK
PRICES
|
Face Value |
Rs.10.00 |
|
Market Value |
Rs.42.05 |
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 |
13961.000 |
|
Short term borrowings |
9673.600 |
8038.800 |
8156.000 |
|
Current maturities of
long-term debts |
3232.700 |
2925.300 |
3684.400 |
|
Total
borrowings |
22398.100 |
18622.700 |
25801.400 |
|
Debt/Equity
ratio |
3.171 |
2.001 |
1.773 |
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 |
Yes |
|
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
|
CORPORATE OVERVIEW
The Company operates in diversified business segments viz. Textiles, Paper and Chemicals. The Company also has captive power plant to cater to needs of its various business segments.
CORPORATE INFORMATION
The Company is a public company domiciled in India and incorporated on April 18, 1990 under the provisions of the Companies Act, 1956. The name of the Company has been changed from Abhishek Industries Limited to Trident Limited on April 18, 2011. The shares of the Company are listed on two stock exchanges in India i.e. National Stock Exchange of India Limited (NSE) and BSE Limited (BSE). The Company is engaged in manufacturing, trading and selling of yarn, terry towels, paper, chemicals and IT enabled and business related services.
AMALGAMATION OF
TRIDENT CORPORATION LIMITED WITH THE COMPANY
The Hon’ble High Court for the states of Punjab and Haryana at Chandigarh had approved the Scheme of Amalgamation of Trident Corporation Limited with the Company vide its Order dated March 14, 2014. Accordingly, the Scheme has became effective on April 18, 2014 and Trident Corporation Limited has been amalgamated with the Company w.e.f. April 1, 2014, the Appointed Date and the undertakings of Trident Corporation Limited stands transferred and vested to the Company w.e.f April 1, 2014.
RESULTS OF OPERATIONS
Financial performance and review The net sales of the Company during the year have been Rs. 37535.500 million as against Rs. 38,688.6 million in the previous financial year. The Operating Profit (EBIDTA) for the year has been Rs. 6,950.9 million as compared to Rs. 7438.800 million in the previous financial year and the net profit was Rs. 1,178.2 million as against Rs. 1970.300 million in the previous financial year. The Company’s earnings per share was C2.47 and cash earnings per share was Rs. 9.19 during the current year. An amount of Rs. 305.400 million and Rs. 2542.800 million was transferred to Capital Reserve and Securities Premium account, respectively, during the year.
OUTLOOK
The long-term prospects for the Indian paper industry looks positive and a number of players have significantly scaled up printing and writing paper output. The next round of investments is expected to be led by growing consumerism fostered by innovations in the e-commerce space. The low per capita consumption of paper also leaves significant headroom for growth. The catch-up is expected to happen faster with growth in business and communication on the rise, driving the demand for a range of paper varieties including office/copier paper, printing and writing paper, bills, invoices, telephone bills and tickets. The demand for packaging varieties is also on the increase as the retail sector grows. The FDI increase in retail (to the extent of 49%) will also provide a fillip to packaging demand. Trident is confident of grasping on this opportunity as it already has a natural cost advantage over wood pulp-based papers. This advantage coupled with eco-friendly positioning and superior products, is expected to help Trident in improving its realisations and the sale of branded copier papers.
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
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 records 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.66.09 |
|
UK Pound |
1 |
Rs.100.87 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
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.