MIRA
INFORM REPORT
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Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
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Name : |
EPE INDUSTRIES INDIA PRIVATE LIMITED |
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Formerly Known As : |
ELECTRO PLAST ENGINEERS |
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Registered Office : |
Plot No.
81 & 82, Brahmaputra colony, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
13.12.2005 |
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Com. Reg. No.: |
01-48417 |
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CIN No.: [Company
Identification No.] |
U29150AP2005PTC048417 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDE01376E |
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PAN No.: [Permanent
Account No.] |
AABCE6516D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of custom mould and plastic injection moulds. |
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 : |
USD 3000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company having satisfactory track.
Directors are reported as experienced and respectable businessmen. Trade relations
are reported as fair. Business is active. Payments are however reported as
usually correct and as per commitments. The company can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Plot No.
81 & 82, Brahmaputra colony, |
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Tel. No.: |
91-40-27150164 |
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Mobile No.: |
91-9849043248 |
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Fax No.: |
91-40-27150390 |
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E-Mail : |
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Factory 1 : |
PLOT No. 47, H No. 25-40/46/1/2, Road No. 1, A. S. N. Colony, East
Anandbagh, Malkajgiri, Hyderabad – 500047, Andhra Pradesh, India |
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Tel. No.: |
91-40-27224956 |
DIRECTORS
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Name : |
Mr. Gudupudi Venkata Jagdish |
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Designation : |
Director |
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Address : |
Plot No. 47, H. No. 25/40/46/1/2, Road No. 1, A. S. N. Colony, East
Anandbagh, Malkajgiri, |
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Date of Birth/Age : |
18.08.1970 |
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Date of Appointment : |
15.12.2005 |
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Name : |
Ms. S. Ragui Devi |
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Designation : |
Director |
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Address : |
H. No. 6-10, Savarakar Nagar, Najaram, |
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Date of Birth/Age : |
29.06.1982 |
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Name : |
Ms. G. Sree Devi |
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Designation : |
Director |
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Address : |
Plot No. 164, Bhoodevi Nagar Colony, Secunderabad, |
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Date of Birth/Age : |
19.10.1976 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Gudupudi Venkata Jagdish |
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4000 |
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Ms. S. Ragui Devi |
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3000 |
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Ms. G. Sree Devi |
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3000 |
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Total |
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10000 |
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Equity Share
Breakup |
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Category |
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Percentage of Holding |
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Directors of relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of custom mould and plastic injection moulds. |
GENERAL INFORMATION
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No. of Employees : |
55 |
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Bankers : |
Syndicate Bank M. G. Road
Branch, 1st Floor, Varalakshmi Complex, Ranigunj, Secunderabad –
500003, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Manohar & Venkata Chartered Accountants |
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Address : |
# 1-1-564/A, Opposite Surabhi Apartments, I Floor, Gandhinagar, |
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E-Mail : |
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Memberships : |
WTC |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.700 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.800 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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0.800 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.002 |
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Other Current Assets |
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0.010 |
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Loans & Advances |
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0.600 |
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Total
Current Assets |
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0.612 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.000 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.000 |
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Net Current Assets |
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0.612 |
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MISCELLANEOUS EXPENSES |
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0.188 |
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TOTAL |
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0.800 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
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Sales Turnover [Estimated] |
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1.000 |
LOCAL AGENCY FURTHER INFORMATION
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U29150AP2005PTC048417 |
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Name of the
company |
EPE INDUSTRIES INDIA PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
EPE INDUSTRIES INDIA PRIVATE LIMITED |
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Type of charge |
Movable Property |
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Particular of
charge holder |
Syndicate Bank M. G. Road
Branch, 1st Floor, Varalakshmi Complex, Ranigunj, Secunderabad –
500003, |
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Nature of
description of the instrument creating or modifying the charge |
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Date of
instrument Creating the charge |
26.03.2007 |
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Amount secured by
the charge |
Rs. 4.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest PLR + 1.75 % , Presently
at 14 % on Term Loan of Rs. 3.000 Millions and SODH limit of Rs. 1.000
Million Terms of
repayment Repayable in 84
equated monthly installments of Rs. 0.050 Millions from 31.05.2007 to
30.04.2014 Margin Margin at 25 % on
Term Loan of Rs. 3.000 Millions and SODH Limit of Rs. 1.000 Million Extent operation
of the charge The charge
operates as first charge on Stock of raw Materials, Work in Process, Finished
Goods and on machinery to be imported |
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Short particulars
of the property charged |
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AS PER WEBSITE
Subject is a manufacturer
of custom mould and plastic injection moulds, specializing in all types of
Engineering, Automotive, Telecom, Healthcare, Thermo ware, Bio-Medical,
Cosmetic Packing and Thermoses Components. Located in
Incorporated in 1996, their company was built on the basis of a strong belief
that it could change the way business is conducted. They are an organization
spear headed by technocrats who work in close coordination with end user to
innovate new products.
They believe their customers can get benefit from
Their target is business customers. The focused attitude allows them to
dedicate their efforts to provide faster and more meaningful response to the
needs of business customers. Their company is constantly focusing on rendering
precision-engineered solutions for all industries. They have accomplished
production within stringent time schedules.
Their vision is to emerge as a key supplier with best quality maintaining time
schedules through constant interaction with customers to assess their needs.
They are consistently trying to evolve their growth rate and always look up to
the satisfaction of their customers. They empower their selves with excellence
and aim to grow and reach the pinnacle of market leadership.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.33 |
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1 |
Rs.82.63 |
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Euro |
1 |
Rs.55.65 |
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 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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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27 |
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
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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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