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|
MIRA INFORM REPORT
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Report No. : |
509457 |
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Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAI SECURITY PRINTERS PRIVATE LIMITED (w.e.f. 01.03.2007) |
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Formerly Known
As : |
SAI SECURITY PRINTERS LIMITED |
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Registered
Office : |
Village
Dungerpur, PO: Badarpur Syed, Kanwara Industrial Area, District Faridabad –
121101, Haryana |
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Tel. No.: |
91-129-4194800 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
23.03.1994 |
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Com. Reg. No.: |
05- 048217 |
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Capital
Investment / Paid-up Capital : |
INR 40.773 Million |
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|
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CIN No.: [Company Identification
No.] |
U74899HR1994PTC048217 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCS7363L |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in trading of printer, distributor,
agent, sub-agent/dealer and stockiest in all kind of printing, security
printing like printing of business forms, continuous and non-continuous type,
share certificates, debentures and bond certificates, all types of lottery
tickets like daily lotteries, weekly lotteries, instant lotteries, bumper
lotteries, Labels, airline tickets, cargo labels, single and multi-color MICR
cheques printing of newspapers, magazines, periodicals, journals and text
books, bar code printing, commercial and all other kind of printing. (Registered
activity) |
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|
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 2000000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject was established as a proprietorship concern with the name of “Sai Security Printers” and later it got converted into Private Limited in the year 1994 with the name of “Sai Security Printers Private Limited”. For the financial year 2017, the company has achieved revenue growth of 3.25% as compared to the previous year along with a low profit margin of 0.14%. The sound financial risk profile of the company is marked by sufficient net worth base along with negligible debt balance sheet profile. Payment seems to be usually correct. In view of aforesaid, 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 24.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-129-4194800 / 91-9871691812)
TEL NO.: 91-8693808113 (NOT REACHABLE)
LOCATIONS
|
Registered Office : |
Village
Dungerpur, PO: Badarpur Syed, Kanwara Industrial Area, District Faridabad,
Faridabad – 121101, Haryana, India |
|
Tel. No.: |
91-129-4194800 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office 1: |
C-40, Okhla Industrial Area, Phase- II, New Delhi –
110020, India |
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Tel. No.: |
91-11-26385503 |
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Fax No.: |
91-11-26388571 |
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E-Mail : |
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Corporate Office 2: |
SCO 63, Sector 31, HUDA Market, Faridabad – 121003, Haryana, India |
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Tel. No.: |
91-129- 4194900 |
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E-Mail : |
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Security Printing Division - Unit I : |
152, DLF Industrial Area, Faridabad – 121003, Haryana,
India |
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Tel. No.: |
91-129-2276370/ 2272277 |
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Fax No.: |
91-129-2256239 |
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E-Mail : |
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Security Printing Division - Unit II : |
256, 4th Phase, 8th Cross, Peenya
Industrial Area, Bangalore – 560 058, Karnataka, India |
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Tel. No.: |
91-80-28361171/ 28378266/ 41171388 |
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Fax No.: |
91-80-41170769/ 41170770/ 28363954 |
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E-Mail : |
sspblr@saiprinters.com
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Packaging Division I : |
13/1 Mathura Road, Faridabad – 121003, Haryana, India |
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Tel. No.: |
91-129-2270309 / 2255910 |
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Fax No.: |
91-129-2279433 |
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E-Mail : |
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Packaging Division II : |
42/43, 3rd Phase, 4th Main, Peenya Industrial Area, Bangalore - 560058, Karnataka, India |
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Tel. No.: |
91-80-41179645 / 41171387 |
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Fax No.: |
91-80-41170769 / 41170770 / 28363954 |
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E-Mail : |
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New Unit: |
Sy No.168/1 and 168/2, Machohalli (Near Vani School)
Magadi Main Road, Dasanapura Hobli, Bengaluru North Taluk, Bangalore - 560
091, Karnataka, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vijay Ram Murthi Raghavan |
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|
Designation : |
Managing Director |
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Address : |
704, Royale Retreat, Charmwood Village Eros Garden, Suraj
Kund Road Faridabad – 121009, Haryana, India
|
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Date of Birth/Age : |
30.09.1947 |
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Qualification : |
M.B.A., B.Com (H) |
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Date of Appointment : |
23.03.1994 |
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PAN No.: |
ABJPV8959K |
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DIN No.: |
00362184 |
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Other Directorship:
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Name : |
Ms. Priyata Raghavan |
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Designation : |
Director |
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Address : |
704, Royale Retreat, Charmwood Village Surajkund Road,
Faridabad - 121009, Haryana, India |
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Date of Birth/Age : |
15.11.1980 |
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Qualification : |
MBA (IIHM Lucknow) B.Com (H) |
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Date of Appointment : |
01.06.2007 |
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PAN No.: |
ADZPR5888H |
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DIN No.: |
01543577 |
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Other Directorship:
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Name : |
Mr. Arvind Sekhar |
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Designation : |
Director |
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Address : |
H430 Brigade Courtyard HMT Factory Main Road, Bangalore –
560013, Karnataka, India |
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Date of Birth/Age : |
26.07.1974 |
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Qualification : |
M.S. Chemical Engineering (University of Missouri - Columbia) |
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Date of Appointment : |
01.05.2007 |
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PAN No.: |
BIVPS4157C |
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DIN No.: |
01571685 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Vijay R. Raghavan |
|
466800 |
|
Vijailakshmi Raghavan |
|
466775 |
|
Sweta Raghavan |
|
374600 |
|
Priyata Raghavan |
|
624300 |
|
Sai Press India Private Limited, India |
|
315000 |
|
Arvind Sekhar |
|
249700 |
|
Aureos South Asia Fund L.L.C., Mauritius |
|
1506916 |
|
|
|
|
|
Total |
|
4004091 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Vijay R. Raghavan |
|
287142 |
|
Vijailakshmi Raghavan |
|
203818 |
|
Sai Press India Private Limited, India |
|
92329 |
|
Sweta Raghavan |
|
37518 |
|
Priyata Raghavan |
|
37935 |
|
Arvind Sekhar |
|
73189 |
|
|
|
|
|
Total |
|
731931 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
54.50 |
|
Public - Bodies corporate |
45.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in trading of printer, distributor,
agent, sub-agent/dealer and stockiest in all kind of printing, security
printing like printing of business forms, continuous and non-continuous type,
share certificates, debentures and bond certificates, all types of lottery
tickets like daily lotteries, weekly lotteries, instant lotteries, bumper
lotteries, Labels, airline tickets, cargo labels, single and multi-color MICR
cheques printing of newspapers, magazines, periodicals, journals and text
books, bar code printing, commercial and all other kind of printing. (Registered
activity) |
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Walker Chandiok and Company Chartered Accountants |
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Address : |
L-41, Connaught Circus, New Delhi-110001, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFW4298E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
Enterprises over
which key managerial personnel of the Company and their relatives have
significant influence: |
U22219DL2001PTC110295
U74999DL2009PTC193586 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4010000 |
Equity Shares |
INR 10/- each |
INR 40.100 Million |
|
800000 |
Preference Shares |
INR 10/- each |
INR 8.000 Million |
|
|
Total |
|
INR 48.100
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4010000 |
Equity Shares |
INR 10/- each |
INR 40.100 Million |
|
731931 |
Preference Shares |
INR 10/- each |
INR 7.319 Million |
|
|
Total |
|
INR 47.419 Million |
Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4004091 |
Equity Shares |
INR 10/- each |
INR 40.041 Million |
|
|
Subscribed but not fully paid |
|
|
|
731931 |
Preference Shares |
INR 10/- each |
INR 0.732 million |
|
Total |
INR 40.773 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40.773 |
40.773 |
40.773 |
|
(b) Reserves and Surplus |
661.617 |
659.417 |
633.251 |
|
(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) |
702.390 |
700.190 |
674.024 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
78.867 |
183.528 |
280.588 |
|
(b) Deferred tax liabilities (Net) |
35.577 |
33.875 |
29.539 |
|
(c) Other long-term
liabilities |
12.525 |
8.102 |
0.333 |
|
(d) long-term
provisions |
1.281 |
1.157 |
1.067 |
|
Total Non-current
Liabilities (3) |
128.250 |
226.662 |
311.527 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
210.682 |
202.168 |
218.010 |
|
(b) Trade
payables |
326.325 |
342.495 |
287.425 |
|
(c) Other
current liabilities |
131.609 |
101.061 |
129.927 |
|
(d) Short-term
provisions |
7.761 |
8.444 |
4.837 |
|
Total Current
Liabilities (4) |
676.377 |
654.168 |
640.199 |
|
|
|
|
|
|
TOTAL |
1507.017 |
1581.020 |
1625.750 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
864.031 |
961.334 |
1026.832 |
|
(ii)
Intangible Assets |
1.104 |
1.183 |
0.632 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
61.345 |
55.610 |
48.263 |
|
(e) Other
Non-current assets |
0.987 |
1.391 |
0.631 |
|
Total Non-Current
Assets |
927.467 |
1019.518 |
1076.358 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
227.673 |
220.601 |
199.949 |
|
(c) Trade
receivables |
328.833 |
318.575 |
304.036 |
|
(d) Cash and
bank balances |
5.183 |
3.899 |
22.122 |
|
(e)
Short-term loans and advances |
17.760 |
18.263 |
22.389 |
|
(f) Other
current assets |
0.101 |
0.164 |
0.896 |
|
Total
Current Assets |
579.550 |
561.502 |
549.392 |
|
|
|
|
|
|
TOTAL |
1507.017 |
1581.020 |
1625.750 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1550.784 |
1501.914 |
1382.397 |
|
|
Other Income |
5.742 |
1.919 |
6.504 |
|
|
TOTAL |
1556.526 |
1503.833 |
1388.901 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
975.419 |
978.473 |
939.168 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(3.773) |
(4.445) |
(12.825) |
|
|
Employee benefit expense |
162.780 |
149.854 |
140.509 |
|
|
Other expenses |
303.648 |
289.313 |
266.371 |
|
|
Prior period items before tax |
0.579 |
3.883 |
0.363 |
|
|
Exceptional items before tax |
0.000 |
(72.028) |
0.000 |
|
|
TOTAL |
1438.653 |
1345.050 |
1333.586 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
117.873 |
158.783 |
55.315 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
53.462 |
66.099 |
50.768 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
64.411 |
92.684 |
4.547 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
60.509 |
62.181 |
67.333 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.902 |
30.503 |
(62.786) |
|
|
|
|
|
|
|
Less |
TAX |
1.701 |
4.337 |
(15.501) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.201 |
26.166 |
(47.285) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.47 |
5.53 |
(9.97) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
80.379 |
66.021 |
85.779 |
|
Net cash flows from (used in) operations |
115.465 |
107.126 |
27.982 |
|
Net cash flows from (used in) operating activities |
116.143 |
101.949 |
73.790 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
77.40 |
77.42 |
80.28 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.72 |
4.71 |
4.55 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
122.11 |
127.76 |
111.71 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.52 |
0.72 |
0.28 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.14 |
0.16 |
0.05 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current
Liabilities) / Total Assets] |
|
0.55 |
0.57 |
0.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.53 |
0.65 |
0.87 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.96 |
0.93 |
0.95 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.23 |
1.37 |
1.52 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.20 |
2.40 |
1.09 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.14 |
1.74 |
(3.42) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.15 |
1.66 |
(2.91) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
0.31 |
3.74 |
(7.02) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current
Liabilities] |
|
0.86 |
0.86 |
0.86 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.52 |
0.52 |
0.55 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.47 |
0.44 |
0.41 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
9.07 |
11.08 |
14.33 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.86 |
0.86 |
0.86 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
40.773 |
40.773 |
40.773 |
|
Reserves & Surplus |
633.251 |
659.417 |
661.617 |
|
Net
worth |
674.024 |
700.190 |
702.390 |
|
|
|
|
|
|
Long-term borrowings |
280.588 |
183.528 |
78.867 |
|
Short term borrowings |
218.010 |
202.168 |
210.682 |
|
Current maturities of
long-term debts |
85.779 |
66.021 |
80.379 |
|
Total
borrowings |
584.377 |
451.717 |
369.928 |
|
Debt/Equity
ratio |
0.867 |
0.645 |
0.527 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1382.397 |
1501.914 |
1550.784 |
|
|
|
8.646 |
3.254 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1382.397 |
1501.914 |
1550.784 |
|
Profit/ (Loss) |
(47.285) |
26.166 |
2.201 |
|
|
(3.42
%) |
1.74
% |
0.14
% |
LEGAL
CASE
|
District and
Sessions Judge, Central, THC Case
Details Case Type: ARBTN Case Status First Hearing Date: 28th March 2017 Petitioner
and Advocate 1) A.C. GOEL PAPER DISTRIBUTING CO.
PVT. LTD. Respondent
and Advocate 1) SAI SECURITY PRINTERS PVT. LTD. Acts
History of Case Hearing
|
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 |
Yes |
|
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 |
Litigations that the firm/promoter
involved in |
Yes |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND AND NATURE OF OPERATIONS
Subject involve in Security printing business and manufacture Cartons and Labels in its packaging division “Sai Packaging Company” (a division of Sai Security Printers Private Limited) which was created to do the Excisable business as security printing business is non excisable. Revenue generated by Sai Packaging Company is consolidated into the books of Sai Security Printers Private Limited. Annual return of Sai Security Printers Private Limited’s business is consolidation of Sai Packaging Company as a unit. Being a division of Company, “Sai Packaging Company” bears all statutory registrations of Sai Security Printers Private Limited. The Company was incorporated in 1994, under the Companies Act 1956 and main products comprises of cartons, labels, lotteries and cheques. The Company is currently operating through its factories situated at Faridabad in Haryana and at Bangalore in Karnataka.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
16.051 |
16.551 |
|
Term Laon |
13.100 |
17.500 |
|
|
|
|
|
Total |
29.151 |
34.051 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G74315490 |
100148663 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
30/11/2017 |
- |
- |
40663040.0 |
Branch office-Ground Floor, Tower B, JIL BuildingPlot No 78, Near SBI Academy, Sector 18,GurgaonHR122015IN |
|
2 |
G64671332 |
100135797 |
STANDARD CHARTERED BANK |
27/10/2017 |
- |
- |
409700000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
3 |
G49749211 |
100113949 |
STANDARD CHARTERED BANK |
09/06/2017 |
- |
- |
5000000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
4 |
G49750888 |
100113954 |
STANDARD CHARTERED BANK |
09/06/2017 |
- |
- |
180000000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
5 |
G49752496 |
100113955 |
STANDARD CHARTERED BANK |
09/06/2017 |
- |
- |
56000000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
6 |
G54533104 |
100134604 |
Gallus Ferd Ruesch AG |
02/06/2017 |
- |
- |
21212928.0 |
Harzbuchelstrasse, 34, 9016St GallenNANACH |
|
7 |
G28462802 |
100064079 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
18/10/2016 |
- |
- |
10539947.0 |
130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMa400018IN |
|
8 |
G74436791 |
10420417 |
AXIS BANK LTD. |
26/02/2013 |
29/12/2017 |
- |
251000000.0 |
2ND FLOOR, RED FORT CAPITAL, PARSVNATH TOWERS,GOLE MARKET, BHAI VEER SINGH MARG,NEW DELHIDL110001IN |
|
9 |
G53327144 |
10084849 |
ING VYSYA BANK LTD. |
17/01/2008 |
12/03/2015 |
14/09/2017 |
450665000.0 |
5 E -1, NIT, GROUND FLOOR,RAILWAY ROAD,FARIADBADHR121001IN |
|
10 |
G28716876 |
10559968 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
27/03/2015 |
- |
06/12/2016 |
50000000.0 |
130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMH400018IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
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 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
|
INR |
|
US Dollar |
1 |
INR 68.09 |
|
|
1 |
INR 91.41 |
|
Euro |
1 |
INR 79.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial condition covering various ratios
·
Company background and operations size
·
Promoters / Management background
·
Payment record
·
Litigation against the subject
·
Industry scenario / competitor analysis
·
Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.