PSB Note June'21

PUNJAB AND SIND BANK
HO Investment Management Department,21-Rajendra Place, New Delhi-110008
NOTE FOR FM&IC 23-06-2021
BANK'S PARTICIPATION ON TRADE RECEIVABLES ELECTRONIC DISCOUNTING

SYSTEM(TReDS) PLATFORMS
1. Purpose of the Note: Addition to existing list of approve buyers on M1xchnage platform (TReDS)
who will be eligible for factoring transactions under TReDS.
2. Background of the Note: Bank has started operations on TReDS platform since 31.05.2018 but
there have been only few selected buyers who have come up on platform for factoring transactions.
Initially, FM&IC in its meeting dated has approved five buyers who are eligible for factoring
transactions. But these buyers have hardly uploaded any invoices on platform since then. So, in order
to increase our participation on TReDS platform, we may have to add more buyers to our list. We
have identified following list of Buyers/Parties for factoring/reverse factoring transactions:-
Long CRA
Sr.No
Corporates Term
.
Ratings
Sandvik Mining & Rock Technology India Private Limited -- --
1.
2. Sandvik Asia Private Limited AA+ CRISIL
3. Patel Infrastructure Limited A- CARE
4. Tata Steel BSL Limited AA CARE
5. Tata International Dlt Private Limited A- ICRA
6. Wilo Mather and Platt Pumps Private Limited MNC --
7. Hella Infra Market Limited A- IND
8. Tirumalla Oil Refinery Private Limited BBB+ IVR
9. Kute Sons Dairy Private Limited A- BWR
10. Flash Electronics (India) Private Limited A- CARE
11. Laser Power & Infra Private Limited A1 ACUITE
12. Karamtara Engineering Private Limited A+ CRISIL
13. Patanjali Ayurved limited AA- CRISIL
14. Rucha Engineers Private Limited A- CRISIL
15. TATA International DLT Private Limited A- CRISIL
16. TPL Plastech Limited A+ CRISIL
17. Vikram Solar Limited A ICRA
18. D P Jain and Co Infrastructure Private Limited A- BWR
19. R.S. Infraprojects Private Limited A- ICRA
20. Sukhbir Agro Energy Limited A- CARE
21. Sunbeam Lightweighting Solutions Private Limited A+ CRISIL
22. Century Enka CRISIL A+ CRISIL
23. Max Healthcare Institute B+ CRISIL
24. Shivalaya Construction Company Private Limited A- CRISIL
25. Indus Towers Ltd. AA+ CRISIL
26. Sequent Scientific Ltd. A+ IND
27. Elecon Engineering Ltd. ( A- BWR
28. Uflex Ltd. A CRISIL
29. ABS KCC Buildcon A- CARE
30. Mother Dairy Fruit And Vegetable Pvt. Ltd. AA+ CARE
31. Transasia Bio-Medicals Ltd. A- CARE
32. Honour Lab Ltd. A CARE
33. Afcons Infrastructure Ltd. A+ ICRA
Sandvik Mining & Rock Technology India Private Limited

Company Description: Incorporated in 2019, Sandvik Mining and Rock Technology was
established as a subsidiary of Sandvik AB which is a registered body corporate in Sweden. The
company is into mining, construction and civil engineering machinery and equipment.
Descriptions March 20
Revenue (in Crores) 1649.4
Net Profit 190.8
TOL/TNW (times) 0.6
Current Ratio (times) 2.3
Operating Margin (%) 18.6
Net Profit Margin (%) 11.6
ROCE(%) 69.8
Tangible Net-Worth (in 804.2
Crores)
Sandvik Asia Private Limited CRISIL (AA+)

Company Description: Sandvik Asia Private Limited (SAPL) was incorporated at Pune in 1960. It
has three business divisions: Sandvik Machining Solutions (machining tools), Sandvik Mining and
Rock Technology (mining and construction equipment and projects) and Sandvik Materials
Technology (high-value added materials, including special alloys). In FY19, Sandvik Asia filed a
petition before NCLT for demerger of Sandvik Asia Private Limited into 3 separate legal entities and
which was approved in May 2020. It has incorporated two wholly owned subsidiaries, namely
Sandvik Mining and Rock Technology India Private Limited and Sandvik Materials Technology India
Private Limited.
Descriptions March 19 March 20

Revenue (in Crores) 946.1 808.7
Net Profit 277.2 107.3
TOL/TNW (times) 0.5 0.5
Current Ratio (times) 2.5 2.1
Operating Margin (%) 11.1 11.5
Net Profit Margin (%) 29.3 13.3
ROCE(%) 28.3 6.0
Tangible Net-Worth (in 1660.7 886.6
Crores)
Patel Infrastructure Limited CARE (A-)

Company Description: Incorporated in 2004, Patel Infrastructure is an established construction,

development and maintenance service company mainly involved in the business framework of
construction of roads and highways, bridges, irrigation and mining projects, construction of
commercial buildings, and other ancillary services like toll collection, operation and maintenance of
highways.

ROCE(%) 21.8 25.0
Crores)
Tata Steel BSL Limited CARE (AA)
Company Description: Tata Steel BSL Limited, incorporated in 1983 is major manufacturer of
Basic Iron and Steel. The company is manufacturer of hot rolled, cold rolled and coated steel, cold
rolled full hard, galvanised coils and sheets, high tensile steel strips, colour coated tiles, precision
tubes etc. The company is registered in Delhi and has manufacturing facilities in Odisha, Uttar
Pradesh and Maharashtra. Tata Steel BSL Limited has its corporate office in Kolkata.
Descriptions March 19 March 20 March 21

Revenue (in Crores) 20909.5 18219.1 21419
Net Profit -713.7 -628.5 2518.16
TOL/TNW (times) 1.2 1.1 0.76
Current Ratio (times) 1.9 1.6 1.25
Operating Margin (%) 18.2 13.0 26
Net Profit Margin (%) -3.4 -3.4 11.51
ROCE(%) 10.3 2.9 12.1
Tangible Net-Worth (in 18318.3 18464.7 20987.78
Crores)
Tata International Dlt Private Limited ICRA (A-)

Company Description: Incorporated in year 2005, Tata International Dlt Limited is largest
manufacturer and retailer of trailers and truck bodies in India. Registered in Pune the company has 4
manufacturing units. TATA DLT rolls out over 500 trailers each month. The company has its
manufacturing units in Pune, Rajasthan and Jamshedpur. TATA Motors is dominant buyer of Tata
International Dlt Limited.

Net Profit 28.2 0.5
ROCE(%) 66.7 4.7
Crores)
Wilo Mather and Platt Pumps Private Limited (--)
Company Description: Wilo Mather and Platt Pumps Private Limited subsidiary of Wilo Se was
incorporated on October, 1996.The company is engaged in design, development, manufacture, sales,
installation and servicing of centrifugal pumps, pump sets, valves, fire systems, contracts of pumping
systems on turnkey basis and trading of pumps. The company is registered in Pune and has presence
in Bangladesh and Sri Lanka

ROCE(%) 35.0 23.1
Crores)
Hella Infra Market Limited IND (A-)
Company Description: Incorporated in year 2016, Hella Infra Market is whole sale retailer of
Construction material like Sand and gravel. The company is engaged in buying, selling (on a
wholesale cash and carry basis) importing, exporting, supplying, distributing, storing of construction
material goods, equipment, products. The company is registered in Mumbai and has offices in Pune,
Nashik and Hyderabad.

Net Profit 1.7 8.6
ROCE(%) 33.8 12.0
Crores)
Tirumalla Oil Refinery Private Limited IVR (BBB+)
Company Description: Incorporated in 2015, Tirumalla Oil Refinery Private Limited is engaged in
processing, packaging and refining of edible vegetable oils derived from the vegetables such as olive,
peanuts, safflower, and sunflower. The company is registered in Mumbai and has refinery in Beed,
Maharashtra.
Descriptions March 19 March March 21

20
Revenue (in Crores) 342.1 384.3 691.9
Net Profit 15.3 13.9 21.2
TOL/TNW (times) 0.5 1.6 2.2
Operating Margin (%) 8.1 11.2 9.3
Net Profit Margin (%) 4.5 3.6 3.1
ROCE(%) 11.0 8.2
Crores)
Kute Dairy Private Limited BWR (A-)
Company Description: Incorporated in 1996, the company is engaged in milk processing and milk
products such as butter, ghee, milkwhitener, whole-milk powder, and skimmed-milk powder. Its
manufacturing unit is located at Phaltan, Maharashtra. Presently known as Kute Sons Dairy Limited
the company had previous names such as Swaraj India Industries Limited, Kalpavridhi Poultry Farm
Private Limited And Tirumalaa Daairy Limited.
Descriptions March 19 March 20 March 21

Revenue (in Crores) 784.1 915.2 928.3
Net Profit 26.2 33.6 35.6
TOL/TNW (times) 2 0.9 0.85
Net Profit Margin (%) 3.3 3.7 2.7
ROCE(%) 15.3 11.8 11
Tangible Net-Worth (in 152.8 369.2 394.9
Crores)
Flash Electronics (India) Private Limited CARE (A-)
Company Description: Flash Electronics established in 1989, is engaged in manufacturing of

cutting-edge electronic and electrical auto components. It hosts engineering products for two, three
and four wheelers. The company’s product lines are Automotive Electrical, Electronics, Mechanical
and Industrial. The key products include starter motor, magneto, sensors, LED modules, Rear Chain
Sprocket, 3 Phase energy Meter etc. Flash currently manufactures more than 125 products. Based in
Delhi, its manufacturing facilities are located in Chakan, Pune and Faridabad (Haryana).

Net Profit 7.4 -2.1
Net Profit Margin (%) 1.1 -0.2
ROCE(%) 7.4 7.8
Crores)
Laser Power & Infra Private Limited ACUITE (A1)
Company description: Incorporated in 1988, Laser Power & Infra Private Limited is promoted by
the Goel family of Kolkata. LPIPL is engaged in the manufacturing and marketing of power cables &
conductors for all Industry Verticals. The product range consists of aerial bunched cables, XLPE
Insulated cables and aluminum conductors. The products are used in distribution of electricity
operated by the Power Utilities as well as in Railway Signaling Systems. Later, LPIPL also ventured
into execution of power distribution projects (EPC). The company has two manufacturing units in
West Bengal at Jangalpur & Dhulagarh with aggregate installed capacity of 2, 63,000 km of
cables/conductors.

Revenue (in Crores) 649.8 1,210.9
TOL/TNW (times) 3.5 3.5 3.5
ROCE(%) 25.0 39.7
Crores)
Karamtara Engineering Private Limited CRISIL (A+)
Company description: Incorporated in 2021, the company is in business of manufacturing,

constructing, designing, installing, building, reinforcing steel, cement and other material towers. The
company also manufactures, trades and deals in all types of nut bolts, fasteners, hot rolled MS
structural streel, Solar structure, Railway structure and hardware fittings and accessories. The
company has manufacturing units in Tarapur, Nagpur and Italy. The registered office is in Mumbai.
Descriptions Mar-19 Mar-20

Operating Income 1,220.60 876.9
Operating Margin (%) 11.6 7
Net Profit 26.9 7.9
Net Margins (%) 2.2 0.9
ROCE (%) 13.7 4
Tangible Net worth (TNW) 374.2 376.4
TOL/TNW 2.5 2.5

Patanjali Ayurved limited CRISIL (AA-)
Company description: Patanjali Ayurved limited established in 2006, is a flagship company of

Patanjali group setup by Baba Ramdev. The company is engaged in the manufacturing & trading of
FMCG, herbal & ayurvedic products and sells its products under the brand name of “PATANJALI”.
It has a diversified product line comprising of natural food products, ayurvedic medicine, herbal
home care, personal care products and patanjali publications. Registered in Delhi, Patanjali Ayurved
limited has three manufacturing units located in Haridwar, Uttarakhand.

Operating Income 8,522.70 9,023.80
ROCE (%) 13.4 13.1
Tangible Net worth
2,879.50 3,713.30
(TNW)
TOL/TNW 1.7 1.6
Rucha Engineers Private Limited CRISIL (A-)
Company description: Incorporated in 1997, Rucha Engineers Private Limited is engaged in

business of of automobile components. The company mainly manufactures Frames/Structural,
Transmission, Exhaust Systems, Engine Related, Plastic Moulded Parts, Skin Panels. The company is
registered in Pune and has its corporate office in Aurangabad.

Operating Income 974.1 844.5
Net Profit 18.8 6
ROCE (%) 21.3 7.5
Tangible Net worth
107.8 114
(TNW)
TOL/TNW 1.8 1.4
TATA International DLT Private Limited CRISIL (A-)
Company description: TATA International DLT Private Limited (TIDPL) is a joint venture
company between Dutch Lanka Trailer Manufacturers Limited (DLT) and Tata International Limited,
incorporated in 2005, with registered office in Pune. The company was started with the aim of
providing trailers to TATA Motors, eventually it expanded to the open market in India and abroad.
The company manufactures and sells trailers and truck bodies. The company has its infrastructure
plant in Waki, Maharashtra, with total capacity of producing 500 trailers per month.

Operating Margin (%) 7 8.6
Net Profit 15 28.2
ROCE (%) 49.2 66.7
TOL/TNW 2.1 1
Tangible Net worth
79.1 86.5
(TNW)
TPL Plastech Limited CRISIL (A+)
Company description: Incorporated in 1992, TPL Plastech Limited (TPL) manufactures high
density polyethylene (HDPE) drums containers and pipes with capacity of 20-250 litres, primarily
used in bulk packaging of specialty chemicals, paints and inks, pharmaceutical products, and fast
moving consumer goods. It has manufacturing facilities in Silvassa, Jammu, Pantnagar, Ratlam,
Visakhapatnam and Bhuj, with total capacity of 28,000 tpa.
Mar-
Descriptions Mar-20
19
Operating Margin
11.4 11.3
(%)
Net Margin (%) 5.1 5
ROCE (%) 14.9 14.6
TOL/TNW 1.6 1.3
Vikram Solar Limited ICRA (A-)
Company description: Vikram Solar Limited is promoted by Kolkata based Vikram Group. The
company is into manufacturing of solar photo voltaic (PV) module. The company is engaged in
providing solar energy solutions. It undertakes engineering, procurement, and construction (EPC) of
solar power plants. It is also engaged in the business of manufacturing and sale of Solar photovoltaic
modules systems.
The manufacturing facilities are situated at Falta Special Economic Zone (SEZ), West Bengal. The
Group is also engaged into setting up of the Solar Power Plant / Systems and provides operation and
maintenance services.
Mar-
Descriptions s Mar-19
18
Net Margins (%) 2.6 2
ROCE (%) 13.6 15.6
Total Outside Liabilities
961.7 1,085.80
(TOL)
TOL/TNW 3.2 3.3
Wilo Mather and Platt Pumps Private Limited
Company description: Wilo Mather and Platt Pumps Private Limited subsidiary of Wilo Se
was incorporated on October, 1996.The company is engaged in design, development,
manufacture, sales, installation and servicing of centrifugal pumps, pump sets, valves, fire
systems, contracts of pumping systems on turnkey basis and trading of pumps. The company
is registered in Pune and has presence in Bangladesh and Sri Lanka
Mar-
Descriptions Mar-20
19
Operating Margin (%) 10.3 14
Net Margins (%) 6.2 8.1 D P Jain and Co Infrastructure
ROCE (%) 35 23.1 Private Limited BWR(A-)
Total Outside Liabilities
269 274
Company description: D P Jain and Co
(TOL) Infrastructure Private Limited established in
TOL/TNW 0.7 0.7
2004 is engaged in the business of civil engineering infrastructure projects construction and
development. The company’s infrastructure projects business is broadly categorized in three
segments: transportation, environmental and other civil engineering. It delivers projects, in EPC and
PPP mode in several high growth sectors, such as, roads & highways, bridges, airports, water
irrigation, institutional buildings, railways, power, mining and heavy earth work projects. D P Jain
and Co Infrastructure Private Limited is based in Nagpur, Maharashtra.

Operating Income 652.8 726
Net Profit 35 32.9
ROCE (%) 27.7 24.4
Tangible Net worth
-187.7 -142.5
(TNW)
TOL/TNW -4.2 -6.1
Gimatex Industries Private Limited CRISIL (A-)
Company description: Incorporated in year 1994, Gimatex Industries Private Limited operates
in Textile industry. The Company offers ginning, spinning, and weaving and processing services.
The company manufactures Ginning, Yarn, Grey fabric and Finished fabric. Gimatex Industries Pvt
Ltd is registered in Mumbai and has 2 manufacturing units in Maharashtra and 1 in Gujarat. The
company also has 3 offices in Mumbai, Nagpur and Dholka.

Operating Margin (%) 10 9.1
ROCE (%) 6.4 7.6
Tangible Net worth
273.2 321.1
(TNW)
TOL/TNW 2.3 1.9
R.S. Infraprojects Private Limited ICRA (A-)
Company description: R.S. Infraprojects Private Limited established in 2005, is an EPC company
engaged in projects in the power transmission and telecommunication sectors. The company
manufactures telecommunication towers, power transmission towers, monopole towers, sub-station
structure, solar panel mounting structures and FM/ TV towers. Registered in Delhi, R.S. Infraprojects
Private Limited has three factories set up in the Greater Noida area.
Descriptions Mar 19 Mar 20

ROCE (%) 36.50 34.50
Tangible Net worth
117.00 151.20
(TNW)
TOL/TNW 1.50 1.70
Sukhbir Agro Energy Limited CARE (A-)
Company description: Incorporated in year 1999, Sukhbir Agro Energy Limited has diversified
its business into four verticals, viz. Rice (basmati/non-basmati) milling, solvent extraction (by
product of rice milling), and offering warehousing and renewable energy solutions. Registered in
Punjab the company has its rice mills, warehouses and other manufacturing units located at various
locations in UP, Haryana and Punjab.

ROCE (%) 10.6 8.8
Tangible Net worth
1,151.90 1,278.90
(TNW)
TOL/TNW 1.4 1.5
Sunbeam Lightweighting Solutions Private Limited CRISIL (A+)
Company description: Incorporated in 2017, Sunbeam Lightweighting Solutions Private Limited

is subsidiary of Sunbeam Auto Private Ltd. The company provides services like services like Material
Testing & Characterization, Metallurgical Failure Investigations,Concrete & Bituminous Mix Design,
Welding & Welder Qualification, ELV & RoHS. The company is registered in Haryana and has
manufacturing unit in Rajasthan.

1117.4
Operating Income 1128.60
0
Net Profit -3.60 -63.30
Net Margins (%) -0.30 -5.60
ROCE (%) 9.70 -2.80
TOL/TNW 10.40 3.40
Shivalaya Construction Company Private Limited CRISIL (A-)
Company description: incorporated in 1997, Shivalaya Construction Company Private Limited

(SCCPL) undertakes construction, upgradation and maintenance of roads, including state highways
and rural roads.
The company has undertaken several road

Descriptions Mar-19 Mar-20 projects in North, Central and East India.
Operating Income 452.2 901
Net Margins (%) 7 11.8
ROCE (%) 22.9 51
Tangible Net worth
167.1 282.8
(TNW)
TOL/TNW 1.6 1
Century Enka CRISIL (A+)
Company description: Century Enka Limited (CEL) is an India-based company engaged in the
manufacturing of synthetic yarn. The Company is a joint venture of B.K. Birla group and Accordis
group of Netherland. CEL is
Mar-
Descriptions Mar-19 Mar-21 committed towards values of Quality
20 Innovation & Fair Business Practices
Revenues 1813.01 1465.71 1244.82
for complete customer satisfaction.
Net Profit 76.58 95.53 70.92
Net Margins (%) 4.72 6.71 5.8
ROCE (%) 11.53 7.90 8.50
Tangible Net worth
949.39 1012.62 1088.89
(TNW)
TOL/TNW 3.39 4.23 4.34
Max Healthcare Institute CRISIL (B+)
Company description: MHL, formerly known as Rockland Hospitals Limited was incorporated in
Descriptions Mar-20 Mar-21 2004. MHL operates three hospitals in Qutab
Revenues 1884 2505 Institutional Area, Dwarka and Manesar with a
Operating Margin (%) 15 16 combined capacity of 808 beds. It is promoted
Net Profit 95 -138 by Dr Shamsheer Vyalil, Chairman of VPS
Net Margins (%) 5.04 -5.5 Healthcare Group, Abu Dhabi.
ROCE (%) -- 7.47
Tangible Net worth
-249.7 --
(TNW)
TOL/TNW -11.362 --
Indus Towers Ltd. CRISIL (AA+)
Mar-
Descriptions Mar-19 Mar-21 Company description: Indus
20
Revenues 8489.9 7204.0 8489.9 Towers provides tower and related
Operating Margin (%) 20.1 14.8 18.4 infrastructure, and deploys, owns and
Net Profit 2779 1746.60 3338.20 manages telecom towers and
Net Margins (%) 40.7 25.9 23.9 communication structures for various
ROCE (%) 22.8 16.9 15.9 mobile operators. Bharti Airtel Ltd
Tangible Net worth and Vodafone Group Plc own
14524.5 13530.3 15897.3 41.66% and 28.12%, respectively, in
(TNW)
TOL/TNW 0.2 0.5 1.8 the company. Rest of the
shareholding is being held by the
public.
Mar-
20
Revenues 1047.9 1189.3 1369.9
Operating Margin (%) 8.8 11.0 12.5 Sequent Scientific Ltd.
IND Net Profit 56.8 82.1 104.4 (A+)
Net Margins (%) 5.5 6.9 7.7
ROCE (%) 9.6 12.4 18.2 Company description:
Tangible Net worth Sequent Scientific Ltd. was
656.6 693.4 727.65
(TNW) incorporated in the year
1985. TOL/TNW 0.9 0.9 0.8 Its today's share price is
273.8. Its current market capitalisation stands at Rs 6800.4 Cr. In the latest quarter, company has
reported Gross Sales of Rs. 2294.84 Cr and Total Income of Rs.2418.94 Cr. The company's
management includes Fabian Kausche, Gregory John Andrews, Milind Sarwate, Rahul Mukim,
Krunal Shah, Neeraj Bharadwaj, Kausalya Santhanam, Sharat Narasapur, Manish Gupta, Kamal K
Sharma.
Mar-
20
Revenues 1207.7 1071.9 1044.7 Elecon Engineering Ltd.
Operating Margin (%) 12.9 8.7 13.3 BWR (A-)
Net Profit 66.3 88.1 55.8
Net Margins (%) 5.4 8.1 5.3 Company description:
ROCE (%) 13.7 8.5 12.1 Elecon Engineering Company
Tangible Net worth Limited was established in the
745.8 825.7 919.3
(TNW) year 1951. Since then it has
TOL/TNW 1.9 1.7 1.2 been cast in the mould of a
pioneer. Setting trailblazing
standards of technical excellence scaling new heights in its determination to deliver the best.
Established in 1951, Elecon Engineering Company Ltd of Vallabh Vidyanagar, Gujarat, India,
pioneered the manufacture of material handling equipment in India. In more than five decades, Elecon
has designed and implemented several landmark projects in India as well as abroad.
Mar-
20
Revenues 7977.9 7431.6 8914.9
Net Profit 318.3 370.9 843.7
Net Margins (%) 4.0 5 9.5
ROCE (%) 11.7 9.5 15.7
Tangible Net worth
4249.6 4658.6 5556.6
(TNW)
TOL/TNW 0.86 1.1 1.1
Uflex Ltd. CRISIL (A)
Company description: Promoted and founded in 1985 by Mr Ashok Chaturvedi, the Uflex group
offers end-to-end flexible packaging solutions including films (BOPET, BOPP, CPP [cast
polypropylene] and metallised), flexible laminates, holographic films, aseptic liquid packaging,
packaging and printing machines, and inks and adhesives, catering mainly to the FMCG industry. The
company is headquartered at Noida, Uttar Pradesh, and has manufacturing facilities in India, Dubai,
Mexico, Egypt, Poland and the US.

Revenues 1442.2 1160.3
ROCE (%) 29.6 15.8
Tangible Net worth
261.8 314.3
(TNW)
TOL/TNW 1.9 2.4
ABS KCC Buildcon CARE (A-)
Company description: KCC Buildcon Private Limited is an ISO 9001:2015 certified construction
Company incorporated with the ROC (Delhi and Haryana) in the year 2009 with the objective to take
over the running business of M/S Kundu Construction Co. a partnership firm established in the year
1999.

Revenues 8668.6 9523.3
Net Profit 37.0 -91.8
Mother Net Margins (%) 0.4 -1.0 Dairy Fruit And Vegetable
Pvt. Ltd. ROCE (%) 8.4 -9.4 CARE (AA+)
Tangible Net worth
528.8 428.4
(TNW)
Company description: Mother Dairy
TOL/TNW 3.4 4.5
Fruits and Vegetables Private Limited
(MDFVPL) is a wholly owned subsidiary of National Dairy Development Board (NDDB),
incorporated in 2000, it has its registered office in Delhi. Mother Dairy manufactures markets & sells
milk and milk products including cultured products, ice creams, paneer and ghee. Also, the
company’s products include edible oils, fruits & vegetables, frozen vegetables, pulses, processed food
like fruit juices, jams, etc. the company has its manufacturing plants across India. Mother Dairy also
exports its products across 40 countries viz., USA, Europe, Russia, Middle East, Asia and Africa.
Mother Dairy is an ISO 9001:2008 (QMS), ISO 22000:2005 (FSMS) and ISO 14001:2004 (EMS)
certified Organization.
Transasia Bio-Medicals Ltd. CARE (A-)
Company description: Transasia Bio-Medicals Limited is an unlisted public company

incorporated on 10 May, 1985. It is classified as a public limited company and is located in Mumbai,
Maharashtra. It's authorized share capital is INR 4.00 cr and the total paid-up capital is INR 4.00 cr.

Revenues
Operating Margin (%)
Net Profit
Net Margins (%)
ROCE (%)
Tangible Net worth
(TNW)
TOL/TNW
Honour Lab Ltd. CARE (A)
Company description: Incorporated in 2011, Honour Lab Limited is engaged in the manufacturing
of Active Pharmaceutical Ingredients (APIs) & Intermediates. Registered in Hyderabad the company
has 5 manufacturing facilities located in Hyderabad, Visakhapatnam and Pune. The company
manufactures Antiretroviral, Cardiovascular, Diabetes, Gastrointestinal, Central Nervous System
drugs.

Revenues 971.9 1300.0
Revenues 8736.1 9937.9
ROCE (%) 16.4 18.8
Tangible Net worth
351.6 2.7385.0 2.5
(TNW) Net Margins (%)
TOL/TNWROCE (%) 2.2 16.1 1.8 19.3
Tangible Net worth
2000.7 2223.7
(TNW)
TOL/TNW 4.2 4.9
Afcons Infrastructure Ltd. ICRA (A+)
Company description: Incorporated in 1976, Afcons Infrastructure Limited offers Infrastructure

facilities like Urban Infrastructure, Oil and Gas Infrastructure, Mineral and industrial infrastructure,
Hydro and Underground infrastructure. Afcons Infrastructure Limited has presence in India, UEA,
Dubai, Qatar, Indonesia, Madagascar, Mauritius etc. The company’s registered office and headquarter
is in Mumbai and has offices ibn Chennai, Kolkata and Delhi. company’s workshop is in Nagpur.

PSB Note June'21

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PUNJAB AND SIND BANK

HO Investment Management Department,21-Rajendra Place, New Delhi-110008

NOTE FOR FM&IC 23-06-2021

BANK'S PARTICIPATION ON TRADE RECEIVABLES ELECTRONIC DISCOUNTING

Sandvik Mining & Rock Technology India Private Limited

Sandvik Asia Private Limited CRISIL (AA+)

Descriptions March 19 March 20

Patel Infrastructure Limited CARE (A-)

Company Description: Incorporated in 2004, Patel Infrastructure is an established construction,

Descriptions March 19 March 20

Tata Steel BSL Limited CARE (AA)

Descriptions March 19 March 20 March 21

Tata International Dlt Private Limited ICRA (A-)

Descriptions March 19 March 20

Wilo Mather and Platt Pumps Private Limited (--)

Descriptions March 19 March 20

Hella Infra Market Limited IND (A-)

Descriptions March 19 March 20

Tirumalla Oil Refinery Private Limited IVR (BBB+)

Descriptions March 19 March March 21

Kute Dairy Private Limited BWR (A-)

Descriptions March 19 March 20 March 21

Flash Electronics (India) Private Limited CARE (A-)

Company Description: Flash Electronics established in 1989, is engaged in manufacturing of

Descriptions March 19 March 20

Laser Power & Infra Private Limited ACUITE (A1)

Descriptions March 19 March 20

Karamtara Engineering Private Limited CRISIL (A+)

Company description: Incorporated in 2021, the company is in business of manufacturing,

Descriptions Mar-19 Mar-20

Tangible Net worth (TNW) 374.2 376.4

TOL/TNW 2.5 2.5

Patanjali Ayurved limited CRISIL (AA-)

Company description: Patanjali Ayurved limited established in 2006, is a flagship company of

Descriptions Mar-19 Mar-20

Rucha Engineers Private Limited CRISIL (A-)

Company description: Incorporated in 1997, Rucha Engineers Private Limited is engaged in

Descriptions Mar-19 Mar-20

TATA International DLT Private Limited CRISIL (A-)

Descriptions Mar-18 Mar-19

TPL Plastech Limited CRISIL (A+)

Vikram Solar Limited ICRA (A-)

Wilo Mather and Platt Pumps Private Limited

Descriptions Mar-18 Mar-19

Gimatex Industries Private Limited CRISIL (A-)

Descriptions Mar-19 Mar-20

R.S. Infraprojects Private Limited ICRA (A-)

Descriptions Mar 19 Mar 20

Sukhbir Agro Energy Limited CARE (A-)

Descriptions Mar-19 Mar-20

Sunbeam Lightweighting Solutions Private Limited CRISIL (A+)

Company description: Incorporated in 2017, Sunbeam Lightweighting Solutions Private Limited

Descriptions Mar-19 Mar-20

Shivalaya Construction Company Private Limited CRISIL (A-)

Company description: incorporated in 1997, Shivalaya Construction Company Private Limited

The company has undertaken several road

Century Enka CRISIL (A+)

Max Healthcare Institute CRISIL (B+)

Indus Towers Ltd. CRISIL (AA+)

Descriptions Mar-19 Mar-20

Descriptions Mar-18 Mar-19

Transasia Bio-Medicals Ltd. CARE (A-)

Company description: Transasia Bio-Medicals Limited is an unlisted public company