MIRA
INFORM REPORT
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Report Date : |
03.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
VIJAY
ENGINEERING EQUIPMENT INDIA PRIVATE LIMITED |
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Registered Office : |
20/1073,
R. K. Co-operative Colony, Kadapa, Cuddapah – 516001, Andhra Pradesh |
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Country : |
India |
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Financials (as on) : |
Nil |
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Date of Incorporation : |
16.01.2006 |
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Com. Reg. No.: |
01-48777 |
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CIN No.: [Company
Identification No.] |
U45200AP2006PTC048777 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDV04252D |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To
carry on the business of all the activities of Engineering such as Civil,
Mechanical, Telecommunication and electrical, irrigation, roads and
buildings, laying of Railway tracks including Manufacturing of any type of
spare parts as required by Railways and other Government Departments and
construction and contracts of all nature and real estate activities and to
make, deal in all kinds of building and construction materials and to do the
business in bore wells, crusher machines, cranes, road laying machines such
as Hot Mix Plant, Electronic Paver, Vibrator rollers and related activities. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
New
Company |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company incorporated to take over the running business of the
partnership concern. Directors are
reported as experienced and respectable personnel’s. Trade relations are reported as usually
correct and as per commitments. The
company can be considered for small to mediocre business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
20/1073,
Opposite Soujanya Nursing Home, R. K. Co-operative Colony,
Kadapa, Cuddapah – 516001, Andhra Pradesh, India |
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Tel. No.: |
91-8562-242606/242905 |
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Fax No.: |
91-8562-251067 |
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Head
Office : |
Subhakari, # 8 – 682 / B / 13, Opposite
Ministers Quarters, |
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Tel.
No.: |
91-40-23390940 |
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Fax
No.: |
91-40-23390939 |
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E-Mail
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DIRECTORS
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Name : |
Mr.
Chavva Vijaya Shekar Reddy |
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Designation : |
Director
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Address : |
8-2-293/J
– III, Plot No. 481-C III, Road No. 86, Jubliee Hills, Hyderabad |
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Date of Birth/Age : |
05.08.1955 |
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Name : |
Mr.
Chavva Dushyant Reddy |
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Designation : |
Director
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Address : |
8-2-293/J
– III, Plot No. 481-C III, Road No. 86, Jubliee Hills, Hyderabad |
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Date of Birth/Age : |
12.12.1978 |
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Name : |
Ms.
Yeduguri Sanointi Maria Sunita Reddy |
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Designation : |
Director
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Address : |
8-2-293/J
– III, Plot No. 481-C III, Road No. 86, Jubliee Hills, Hyderabad |
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Date of Birth/Age : |
26.04.1961 |
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Name : |
Ms. C.
Vedamani |
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Designation : |
Director
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Address : |
Ambak
Palli Road, Pulivendla |
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Date of Birth/Age : |
26.04.1938 |
BUSINESS DETAILS
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Line of Business : |
To
carry on the business of all the activities of Engineering such as Civil,
Mechanical, Telecommunication and electrical, irrigation, roads and
buildings, laying of Railway tracks including Manufacturing of any type of spare
parts as required by Railways and other Government Departments and
construction and contracts of all nature and real estate activities and to
make, deal in all kinds of building and construction materials and to do the
business in bore wells, crusher machines, cranes, road laying machines such
as Hot Mix Plant, Electronic Paver, Vibrator rollers and related activities. |
GENERAL
INFORMATION
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Bankers : |
Not
Available |
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Banking Relations : |
-- |
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Associates : |
Vijay
Trader Dealers
for Ingersoll Rand construction equipment Vijay
Equipment and Spares Dealers
for Atlascopco drilling solutions Vijay
Leasing Company Equipment
leasing services and mining contracts |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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500000 |
Equity
Shares |
Rs. 10/- each |
Rs. 5.000 million |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
million |
LOCAL AGENCY
FURTHER INFORMATION
History
:
Subjects
registered office was shifted from 8-2-686, K/27, 1st Floor, Road
No. 12, Banjara Hills, Hyderabad – 500034 to the present address w.e.f.
05.02.2006.
WEBSITE
DETAILS
Vijay Engineering
Equipment is part of the Vijay group which has been involved in the
construction equipment business for over 10 years. In addition to Volvo
Construction Equipment, Vijay group is also a dealer for Ingersoll-Rand
construction equipment and Atlascopco drilling solutions. It has also
successfully established its presence in equipment leasing services and
operating mining contracts. The turnover of the group was 400 MINR in year
2004.
Vijay Engineering
Equipment was established in the year 1998 as a dealer for Volvo Construction
Equipment for the state of Andhra Pradesh. Since its inception it has
supplied over 250 machines to customers in Mining, Road Construction,
Dimensional stone and Rental Segments. The offices are located at Hyderabad,
Vijaywada, Cuddapah, Vizag and Kothagudem.
Volvo
Construction Equipment consistently offers the best products for the job because
each piece of equipment has more care built right in. From design to production
to sales to service, Volvo Construction Equipment is totally committed to the
satisfaction, day after day, year after year. And that’s important because you
rely on the equipment to be there for you, no matter what the job, no matter
what the conditions.
Volvo Construction Equipment also provides an ever-expanding line of equipment,
designed specifically to help you get the job done right. More information on
exciting new products will be available at a Volvo Construction Equipment
dealer near you. Then you’ll understand why they always offer: More care. Built
in.
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
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Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.33 |
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UK
Pound |
1 |
Rs.87.49 |
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Euro |
1 |
Rs.58.88 |
RATING EXPLANATIONS
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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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