MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
IMPACT METALS LIMITED |
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Formerly Known As : |
PARADISE FRUIT CANNING PRIVATE LIMITED |
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Registered Office : |
Plot No.A-24/2, Road No. 6, IDA Gandhi Nagar, Hyderabad – 500037,
Andhra Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
19.06.1979 |
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Com. Reg. No.: |
002475 |
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CIN No.: [Company
Identification No.] |
U21011AP1979PLC002475 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDI00093C |
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PAN No.: [Permanent
Account No.] |
AAACI4546A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
Manufacturer of Aluminium bottles as per customer Specifications. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 167468 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed company having
satisfactory track. Directors are reported as experienced and respectable
businessmen. Trade relations are fair. Business is active. Payments are
reported as usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Plot No.A-24/2, Road No. 6, IDA Gandhi Nagar, Hyderabad – 500037,
Andhra Pradesh, India |
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Tel. No.: |
91-40-23079039 |
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Mobile No.: |
91-9392481352 |
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Fax No.: |
91-40-23070333 |
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E-Mail : |
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Website : |
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Factories: |
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Address: |
Plot.No.A-24, Road.No.6, IDA
Gandhi Nagar, Hyderabad. India |
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Tel No.: |
91-40-23079039/23075979/23073963/23073964 |
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Fax No.: |
91-40-23070333 |
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Address: |
CI/129 and 130, GIDC,
Waghodia-319760, Baroda. India |
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Tel No.: |
91-2668-62369/62360 |
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Fax No.: |
91-2668-62361 |
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Address: |
S-3/68 and 83, Zone-B,
I.E.Mancheswar, Bhubaneswar-751010. India |
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Address: |
Thimmapuram, Kapuluppada,
Visakha-Bheemili Beach, Visakhapatnam. India. |
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Address: |
Mindi, Visakhapatnam-500012.
India |
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Address: |
296/7/4, IDA Bollarum, Jinnaram
Mandal, Medak District, Andhra Pradesh, India |
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Tel No.: |
91-8458-279739 |
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Fax No.: |
91-8458-279064 |
DIRECTORS
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Name : |
Mr. Ramchandram Gorrepati |
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Designation : |
Managing Director |
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Address : |
Flat No 6, Sunri Se Apartments, Plot No 7, Naveen Nagar, Hyderabad –
500004, Andhra Pradesh, India |
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Date of Birth/Age : |
01.07.1947 |
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Date of Appointment : |
19.06.1979 |
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Name : |
Mr. Trinadha Rao Bhogavali |
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Designation : |
Director |
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Address : |
Flat No 8, Ashwini Apartments, Yellareddyguda, Ameerpet, Hyderabad –
500873, Andhra Pradesh, India |
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Date of Birth/Age : |
01.04.1948 |
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Date of Appointment : |
02.11.1994 |
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Name : |
Mr. Bh Seetharamanjaneyulv |
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Designation : |
Director |
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Address : |
21-3, Kommugudem Post Buttayagudem Mandal, Polavaram – 534418, West Godavari - , Andhra Pradesh |
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Date of Birth/Age : |
20.10.1935 |
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Date of Appointment : |
19.06.1979 |
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Name : |
Mr. Venkatarao Gorepati |
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Designation : |
Whole Time Director |
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Address : |
Flat No 5, Sunrise Apartments, Plot No 7, Naveen Nagar, Hyderabad –
500004, Andhra Pradesh, India |
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Date of Birth/Age : |
24.12.1956 |
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Date of Appointment : |
02.11.1994 |
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Name : |
Mrs. Karuna Gorripaty |
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Designation : |
Director |
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Address : |
16-3-63, Vasanth Nagar, Kukatpally, Hyderabad – 500072, Andhra
Pradesh, India |
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Date of Birth/Age : |
15.12.1964 |
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Date of Appointment : |
01.04.2006 |
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Name : |
Mr. D. Anwar Khan |
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Designation : |
Director |
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Name : |
Mr. Dr. A. L. Jabbar |
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Designation : |
Director |
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Name : |
Mr. Abdul G. Farooq |
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Designation : |
Director |
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Name: |
Mr. Dr. Mohamed Yousuff |
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Designation : |
Director |
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Address: |
No. 8, 5th Cross, J C Nagar, Bangalore |
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Date of Appointment : |
14.09.1987 |
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Name: |
Mr. Dr. Shafiulla Khan |
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Designation : |
Additional Director |
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Address: |
Subhash Chandra Bose Road, Madanapalli Post, Chittoor - 517325,
District Andhra Pradesh |
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Date of Appointment : |
14.09.1987 |
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Name: |
Mr. D. Shanawaz Khan |
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Designation : |
Director |
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Address: |
27-B, 7th Street Chick Bazar Road, Shivaji Nagar, Bangalore
- 560051 |
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Date of Appointment : |
14.09.1987 |
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Name: |
Mrs. Sayeeda Anwar Khan |
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Designation : |
Director |
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Address: |
27-B, 7th Street Chick Bazar Road, Shivaji Nagar, Bangalore
- 560051 |
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Date of Appointment : |
14.09.1987 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Bh Anasuya |
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53438 |
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Mr. Bh Trinadha Rao |
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41437 |
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Mrs. Pendyala Bharathi |
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47498 |
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Mr. Pendyala Venkata Rao |
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46997 |
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Mr. Kondapati Kesavardhani |
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42498 |
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Mr. Kondapati Viswanathan |
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41997 |
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Mr. Gadde Bhagyalakshmi |
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47494 |
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Mr. Gadde Gandhi |
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46993 |
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Mr. Gorepati Anasuya |
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52794 |
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Mr. Gorepati Ramachandram |
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158993 |
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Mrs. Gorpati Saraswathi |
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52794 |
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Mr. Gorepati Venkata Rao |
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158893 |
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Mr. Bh Varalakashmi |
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44211 |
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Mr. Bh Prasad Rao |
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41608 |
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Mr. B Seetharamanjaneyulu |
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24810 |
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Mr. Bh Narasimha Murthy |
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24810 |
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Mr. M. Subbayamma |
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32910 |
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Mr. M Chitti Roa |
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37101 |
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Mr. Bh Bhagyajyothi |
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22946 |
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Mrs. B Madhavi |
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22946 |
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Mr. P N V Srihari |
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15424 |
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Mr. P Prakash |
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15424 |
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Mrs. P Madhavi |
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15424 |
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Mrs. M Nalini |
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15424 |
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Mr. P Satyavan |
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15424 |
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Mrs. K Haritha |
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15424 |
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Mr. G Srinivas |
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11570 |
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Mr. G. Parthasarathy |
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11570 |
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Mrs. N Ramadevi |
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23140 |
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Mrs. K Kaveri |
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23140 |
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Mr. G. Balachandra |
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23140 |
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Mr. G. Navya |
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23140 |
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Mr. G. Saikrishna |
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23140 |
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Mr. M Raman |
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15458 |
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Mrs. M Radha |
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15458 |
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Mrs. G Rekha Rani |
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38666 |
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Mr. G V S Prasad |
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155866 |
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Total |
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1500021 |
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Category |
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Percentage |
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Directors or relatives of directors |
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100.000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Aluminium bottles as per customer Specifications. |
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Products : |
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GENERAL
INFORMATION
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Customers : |
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Bankers : |
Pawani Plaza
Commercial Complex, 6-3-698/A, Panjagutta, Hyderabad – 500082, Andhra
Pradesh, India
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Facilities: |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Suryanarayana Murthy and Company Chartered Accountants |
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Address : |
201/202, Panchvatti Mall, Opp. Hotel Taj Mahal, Narayanguda, Hyderabad
– 500029, Andhra Pradesh, India |
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Associates : |
IMPACT
METALS LIMITED Address: Plot.No.A-24, Road.No.6, IDA Gandhi Nagar,
Hyderabad. India Date of Incorporation: Since 1976 Tel No.: 91-40-23079039/23075979/23073963/23073964 Fax No.: 91-40-23070333 IMPACT
METAL PARTS (PRIVATE) LIMITED Address: CI/129 and 130, GIDC, Waghodia-319760, Baroda.
India Date of Incorporation: Since 1985 Tel No.: 91-2668-62369/62360 Fax No.: 91-2668-62361 COLD
FORGE (PRIVATE) LIMITED Address: S-3/68 and 83, Zone-B, I.E.Mancheswar,
Bhubaneswar-751010. India Date of Incorporation: Since 1990 GOLDEN
AQUA FARMS and EXPORTERS PRIVATE LIMITED Address: Thimmapuram, Kapuluppada, Visakha-Bheemili Beach,
Visakhapatnam. India. Date of
Incorporation: Since 1994 PRAGATI
FERTILIZERS LIMITED Address: Mindi, Visakhapatnam-500012. India Date of Incorporation: Since 1999 IMPACT
METALS LIMITED Address: 296/7/4, IDA Bollarum, Jinnaram Mandal, Medak
District, Andhra Pradesh, India Date of Incorporation: Since 2004 Tel No.: 91-8458-279739 Fax No.: 91-8458-279064 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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4000000 |
Equity shares |
Rs.10/- each |
Rs.40.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1500000 |
Equity shares |
Rs.10/- each |
Rs.15.000
Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
15.000 |
15.000 |
13.899 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
26.867 |
26.747 |
20.998 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
41.867 |
41.747 |
34.897 |
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LOAN FUNDS |
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1] Secured Loans |
79.477 |
64.016 |
59.409 |
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2] Unsecured Loans |
25.051 |
21.430 |
0.000 |
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TOTAL BORROWING |
104.528 |
85.446 |
59.409 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
146.395 |
127.193 |
94.306 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
64.025 |
56.228 |
38.232 |
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Capital work-in-progress |
0.000 |
2.762 |
0.000 |
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INVESTMENT |
3.281 |
3.281 |
3.281 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
46.998
|
20.512 |
0.000 |
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Sundry Debtors |
49.299
|
41.638 |
0.000 |
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Cash & Bank Balances |
0.878
|
2.533 |
0.000 |
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Other Current Assets |
0.000
|
0.000 |
73.801 |
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Loans & Advances |
16.754
|
21.912 |
0.000 |
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Total
Current Assets |
113.929
|
86.595 |
73.801 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
34.840
|
21.673 |
21.008 |
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Provisions |
0.000
|
0.000 |
0.000 |
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Total
Current Liabilities |
34.840
|
21.673 |
21.008 |
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Net Current Assets |
79.089
|
64.922 |
52.793 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
146.395 |
127.193 |
94.306 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
238.469 |
170.716 |
86.197 |
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Other Income |
0.000 |
0.000 |
3.862 |
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Increase/(Decrease) in Stocks |
0.000 |
0.000 |
1.625 |
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Total Income |
238.469 |
170.716 |
91.684 |
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Profit/(Loss) Before Tax |
3.102 |
6.085 |
2.872 |
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Provision for Taxation |
0.000 |
0.000 |
0.000 |
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Profit/(Loss) After Tax |
3.102 |
6.085 |
2.872 |
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Earnings in Foreign Currency : |
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Export Earnings |
31.522 |
24.401 |
N.A. |
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Other Earnings |
0.000 |
0.000 |
N.A. |
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Total Earnings |
31.522 |
24.401 |
N.A. |
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Imports : |
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Raw Materials |
N.A. |
N.A. |
N.A. |
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Others |
N.A. |
N.A. |
N.A. |
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Total Imports |
N.A. |
N.A. |
N.A. |
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Expenditures : |
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Raw Material Consumed |
133.899 |
85.857 |
0.000 |
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Purchases made for re-sale |
0.000 |
0.000 |
0.000 |
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Consumption of stores and spares parts |
2.533 |
3.354 |
0.000 |
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Increase/(Decrease) in Finished Goods |
(9.396) |
(1.205) |
0.000 |
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Salaries, Wages, Bonus, etc. |
11.730 |
10.979 |
49.165 |
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Managerial Remuneration |
0.660 |
0.660 |
10.839 |
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Payment to Auditors |
0.062 |
0.061 |
2.423 |
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Interest |
9.737 |
6.439 |
8.735 |
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Insurance Expenses |
0.241 |
0.228 |
3.369 |
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Power & Fuel |
10.058 |
8.530 |
9.743 |
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Depreciation & Amortization |
8.002 |
5.524 |
0.660 |
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Other Expenditure |
67.841 |
44.204 |
3.877 |
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Total Expenditure |
235.367 |
164.631 |
88.811 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
1.30
|
3.56 |
3.13 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.30
|
3.56 |
3.33 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.74
|
4.26 |
2.56 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.14 |
0.08 |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.32
|
2.56 |
2.30 |
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Current Ratio (Current Asset/Current Liability) |
|
3.27
|
3.99 |
3.51 |
LOCAL AGENCY
FURTHER INFORMATION
Fixed Assets:
- Land
- Road
- Factory Building
- Plant and Machinery
- Vehicles
- Furniture and Fixture
- Electrical Fitting
- Workers Quarters
- Wireless Set
- Air Conditioners
- Computers
- Fax Machines
- Xerox Machine
- Telephones
- Borewell
Gratutity:
The Company has stopted a gratutity scheme of
life insurance corporations of India be settlng up irregulableTrust M/s. Impact
Metals Limited Employees group gratulty cum life assurance scheme. The company
will pay to the trust such conditions as may detemined by the LIC. This is
accounted on cash basis.
The term loan of state bank of India was
secured by way of first charge on the imported machinery. Deposit of Title deeds
of land, Building and other Fixed Assets of the company together the personal
gurantees of all the Directors of the company.
The Working capital loan with state bank of
india is primarily secured by the stocks of Raw Materials Semi finished goods,
and finished goods, receivable, Book debts along with the second charge on land
building, plant and machinery, to the personal guarantees of the directors.
Unsecured Loans includes:
- This Andhra Pradesh State defement of sales tax loan is payable in
installments from years 2012.
- Advance of Rs.5.176 Millions received from EGGTS for 5 years Loans
of land and buildings in to be adjusted from the loans Rent after January,
2006
The company has dispored land and building at
Gagillapur Village, R R District for conaalderation of Rs. 3.220 Millions. The
company has secured the assets of M/s Reeml Dle Casting Limited, Bollaram from
APSFC and IDBI by opean Bidding process at count of Rs.15.600 Millions. The
expenses incidented to acquiation the settlement with old workers/union under
permanent settlement of wages together with the expenses incurred for bringing
to the operation stage and further modification additions etc. to 01.11.2004
has been capitalised.
Quantitative details as required and to the
estant of applicable under part II of the schedule No. V of the company Act
1956 are unclosed.
Previous year figures have been re-grouped to
make them comparble with current year figures.
Form 8:
|
Corporate identity
number (CIN) Foreign company registration number |
U21011AP1979PLC002475 |
|
Name of the
Company |
IMPACT METALS
LIMITED |
|
Address |
Plot No.A-24/2, Road No. 6, IDA Gandhi Nagar, Hyderabad – 500037,
Andhra Pradesh, India |
|
This form is for |
Creation of
Charge |
|
Type of Charge |
·
Book Debts ·
Movable
Property (not being pledge) ·
Goods,
Stocks, Plant and Machinery |
|
Particulars of
the charge holder |
Centurion Bank of
Punjab Limited Pawani Plaza
Commercial Complex, 6-3-698/A, Panjagutta, Hyderabad – 500082, Andhra
Pradesh, India |
|
Nature or
description of the instrument(s) creating or modifying the charge |
Agreement of hypothecation
of goods, vehicle, plant and machinery, stocks and books debts |
|
Date of the
instrument creating or modifying the charge |
31.07.2007 |
|
Amount secured by
the charge |
Rs.112.260
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
|
|
Short particulars
of the property charged (including location of the property) |
First charge on: All tangible
movable machineries and plant, both present and future, all tangible movable
properties, goods, documents of title to goods, including all stocks of raw
materisla and finished goods, and semi finished goods, both present and
future, lying at company’s godown, at
Hyderabad or elsewhere More details are
given in Hypothecation agreement. |
|
Particular of the
present modification |
N.A. |
Website details:
Subject has
completed 30 years of service to farming community, by offering seamless Aluminium Bottles for packing liquid
pesticides. The company is in the good books of global players like Syngenta, Aventis,
Bayer, BASF to name a few, with its ISO-9002
acredition. The sales of this product stood at Rs.170.000 Millions and now
poised to reach Rs.250.000 Millions per year with the re-location of plant of
Bhubaneswar to Baroda, the heart of chemical Zone. The Bottles are exported to
Middle East, South East and Europe previously. Now the company is making all
the efforts to export these bottles into USA and other markets consolidating
its position as leader in this particular segment of rigid containers, capacitor
housings and non-ferrous cold forgings. Impact Metals Limited (Hyderabad),
Impact Metal Parts (Private) Limited (Baroda), Cold Forge (Private) Limited
(Bhubaneswar) are involved in making Aluminium Containers and Cold Forgings.
The Group has diverted into Marine Biology, with an investment into prawn hatchery for production of 20 million post larve of Tiger Prawn. Unshaken by the traumatic
experiences of the Industry, the hatchery has put in steady growth from 1995 to
till date, winning the confidence of Aquaculture Farmers and now producing more
than 200 million seed. The rapport developed with farmers is encouraging the
management in proposing horizontal expansion with atleast another two
hatcheries and vertical growth in going for feed mill, culture, processing and
export of shrimp. The hatchery occupies front rank among 150 hatcheries in the
east coast of India. Their hatchery has the distinction being the first to
obtain ISO-9002. Golden Aqua Farms and
Exporters Private Limited in visakhapatnam is the company of the group
in Sea Food Activity.
The Group has entered into production of Phosphate Fertilizer (Single Super
Phosphate) by taking over one sick unit of 30,000 Metric Tonnes per year capacity
and brought back the unit into profitability. This unit has a dealer network of
800 for selling the fertilizer. The management has succeeded in developing
close liaison with the market. This feeling of closeness is encouraging them to
go for trading of Crop Specific / Site Specific plant nutrients (N.P.K) and
crop protection chemicals for further consolidation. This company has obtained
ISO-9002 acredition. Pragati
Fertilizers Ltd in Visakhapatnam is the group company engaged in Plant
Nutrients.
The Group has acquired during 2000-2001 one real estate (a shed of 50,000 Sq.Ft.)
and leased out to BHEL and GE, Mukund Engineering and Coach Company in
Hyderabad is the company acquired. The Group has ambition to go for a retail
chain throughout India, where besides convenient Fashion, Foods, Drugs and
Autospares, Precision Agriculture finds place and thereby company keeps itself
face to face with the ultimate consumer.
Group
Impact Group has emerged in 1976 for producing seamless
aluminium containers for liquid pesticides. In the 25 plus years of its
existence, the company made its impact on the industry with quality products.
No wonder it could bag the top class clients like Bayer, BASF, Cynamid,
Syngenta, Rallis, EID Parry, EIDupont and the like. The company has developed
its own know-how technology and tooling facilities. It procured high quality
equipment like the German extrusion machinery viz. Herlan P6, P8, P10, P12 and
the deep drawing presses to facilitate higher capacity containers. The company
started to export the containers to Far East, South East, Middle East and
Europe. Now it can produce custom made containers as per customers'
specifications. The quality-oriented philosophy of the company achieved the ISO
9002 accredition and a phenomenal growth with its 700 strong personnel, units
in Hyderabad, Baroda and Bhubaneshwar, functional offices in Mumbai, Delhi, and
Chennai. The group has been expanding since then and presently has 8
manufacturing locations around India.
Products
Their products include aluminium bottles largely used in
agrochemical packaging, slugs, sheets, cans, aluminium EOE (easy open end)
lids, collapsible tubes and other extruded products. All their aluminium
bottles/containers confirm to aluminium grade 1050A or Aluminium Grade 19500 of
IS 737-1986 with 99.5% purity (or as per customer requirement) and are
seamless.
An elaborate listing of IMPACT's
products:
Aluminium Bottles:
·
50 ml, 100 ml, 250 ml, 500 ml, 1 liter, 5 liter, 20 liter
Volume
·
They are specialized in custom manufacturing of aluminium
bottles as per customer specifications.
·
They offer UN Certified bottles also.
Aluminium Tubes
Large aluminium cans for capacitors and ignition coil
casings
Aluminium Extruded Cans
Aluminium Die-Castings: They make
Die-Castings as per customer specifications.
Aluminium Alloys for Pressure or other types of Castings: They offer LM series Alloys and also alloys
to customer specifications.
Cold Forged Metal Components: Preferably Non Ferrous
Easy Open Ends: They make EOEs to suit our bottles
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.39.34 |
|
UK Pound |
1 |
Rs.78.40 |
|
Euro |
1 |
Rs.57.22 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|