MIRA
INFORM REPORT
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Report Date : |
27th
October, 2006 |
IDENTIFICATION
DETAILS
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Name : |
GVK
HYDEL PRIVATE LIMITED |
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Registered Office : |
Paigah
House, 156-159, Sardar Patel Road, Secunderabad – 500 003, Andhra Pradesh,
India |
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Country : |
India |
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Financials (as on) : |
Nil |
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Date of Incorporation : |
17.06.2005 |
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Com. Reg. No.: |
01-46572 |
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CIN No.: [Company
Identification No.] |
U31200AP2005PTC046572 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDG03149G |
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PAN No.: [Permanent
Account No.] |
AACCG4679G |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Generate,
harness, develop, accumulate, distribute and supply electricity by setting up
Hydro Electric Power Projects by use of various sources of water at various
places in India and to acquire such project as a promoter, developer, sponsor
whether alone or in partnership with others or through consortium with one or
more parties and to generate, transmit, distribute, trade, supply and sell
such power to Central or State Government or its agencies, Industrial
establishments whether large or small and for any third party sale to other
consumers or for captive consumers. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
-- |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and a part of GVK Group, a medium sized progressive
industrial house. The Group has undertake large scale projects for
infrastructure development including Mumbai Airport modernisation. The Group
as a whole is doing well. It can be considered for any normal business
dealings at usual trade terms and conditions on merits. |
LOCATIONS
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Registered Office : |
Paigah
House, 156-159, Sardar Patel Road, Secunderabad – 500 003, Andhra Pradesh,
India |
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Tel. No.: |
91-40-27902663/
27902664 |
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Fax No.: |
91-40-27902665 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. G
V Krishna Reddy |
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Designation : |
Chairman
and Managing Director |
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Address : |
6-3-1089/5,
Raj Bhawan Road, Somjiguda, Hyderabad – 500 082, Andhra Pradesh, India |
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Name : |
Mr.
Gunapati Venkata Sanjay Reddy |
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Designation : |
Director
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Address : |
6-3-1089/5,
Raj Bhawan Road, Somjiguda, Hyderabad – 500 082, Andhra Pradesh, India |
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Date of Birth/Age : |
18.11.1964 |
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Name : |
Mr.
Somanadri Bhupal |
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Designation : |
Director
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Address : |
6-3-250/
A, Road No. 1, Banjara Hills, Hyderabad – 500 034, Andhra Pradesh, India |
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Date of Birth/Age : |
17.01.1956 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr.
Gunapati Venkata Sanjay Reddy |
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5000 |
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Mr.
Somanadri Bhupal |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
|
Line of Business : |
Generate,
harness, develop, accumulate, distribute and supply electricity by setting up
Hydro Electric Power Projects by use of various sources of water at various
places in India and to acquire such project as a promoter, developer, sponsor
whether alone or in partnership with others or through consortium with one or
more parties and to generate, transmit, distribute, trade, supply and sell
such power to Central or State Government or its agencies, Industrial
establishments whether large or small and for any third party sale to other
consumers or for captive consumers. |
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GENERAL
INFORMATION
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Bankers : |
Not
Available |
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Banking Relations : |
Unknown
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Auditors : |
Not
Available |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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100000 |
Equity
Shares |
Rs. 10/- |
Rs. 1.000 millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000 |
Equity
Shares |
Rs. 10/- |
Rs. 0.100 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
Not
Available
LOCAL AGENCY
FURTHER INFORMATION
The
Registered Office of the Company has been changed from State of Andhra Pradesh
to National Capital Territory of Delhi and Haryana at the Extra-Ordinary
General Meeting held on 02.08.2006.
About Chairman
"Constantly
transforming challenges into opportunities, GVK enables its employees to dream
collectively and achieve them by treating human capital as centre to corporate
strategy. Each GVK enterprise takes great pride in its being the destination
for many talented, creative people who are motivated by a common vision and
feel inspired to build on ideas that provide answers to questions like where
are we going? and "what we wish to accomplish"?. 'Pioneers', 'Thought
Leaders' and 'Trendsetters', we have prepared ourselves to harness
opportunities and often helped create them. From Power to transportation, from
Hotels to Urban Infrastructure, from Ports to Dams, we have built them
all."
About Group
Having
an asset base of around Rs. 50000 million (Rs. 1111 million USD), GVK group of
companies boasts of prestigious on hand projects worth about Rs. 150000 million
(Rs. 3333 million USD). A turnover of Rs. 17000 million (Rs. 378 million USD)
for 2006-07, speaks the volumes of our mission being driven by values. Backed
by strength of about 7000 professionals with sheer capabilities and technical
acumen, GVK with its imprint in a wide spectrum of domains, helps its valued
customers reach their long-term business objectives.
Press Releases
Tata Power Sells AHPC Stake
The
Indian Express – November 17, 2005
Tata
Power Company Limited on Wednesday said GVK Hydel Private Limited, a GVK Group
firm, has entered into a share purchase agreement with the company to buy its
entire shareholding in Alaknanda Hydro Power Company Limited (AHPC) for Rs.
31.200 millions.
Contact Us
GVK Hydel Private Limited
Paigah House, 156-159, Sardar Patel Road, Secunderabad – 500 003, Andhra
Pradesh, India.
Tel. No.: 91-40-27902663/4
Fax No. 91-40-27902665
Mobile No.: 91-40-27902665
Email : info@gvk.com
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 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.44.84 |
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UK
Pound |
1 |
Rs.85.55 |
|
Euro |
1 |
Rs.57.28 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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23 |
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 |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome financial
difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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