MIRA INFORM REPORT
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Report Date : |
14.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
MAYTAS INFRA PRIVATE LIMITED |
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Registered Office : |
6-3-1186/5/A, III Floor, Amiogh Plaza, Begumpet, Hyderabad-500016, 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 : |
06.05.1988 |
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Com. Reg. No.: |
01-8624 |
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CIN No.: [Company
Identification No.] |
U45201AP1988LC008624 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDM01739D |
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PAN No.: [Permanent
Account No.] |
AABCM3722F |
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Legal Form : |
Closely held public limited liability company |
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Line of Business : |
Civil Works Contractors |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subjects is a well-established and reputed company having fine track.
The Company is progressing well. Directors are reported as experienced and
respectable businessmen. Trade relations are reported as fair. Business is
active. Payments are usually correct and as per commitments. Fundamentals are strong and healthy. The company can be considered normal for business dealings at usual
trade terms and conditions. The company can be regarded as a promising business partner in a
medium to long-run. |
LOCATIONS
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Registered Office : |
6-3-1186/5/A, III Floor, Amiogh Plaza, Begumpet, Hyderabad-500016, Andhra Pradesh |
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Tel. No.: |
91-40-23408100 |
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Fax No.: |
91-40-23401107 |
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E-Mail : |
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Website : |
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Branches : |
A-1/152, Safdarjung Enclave New Delhi – 110 029 |
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Tel. No.: |
91-11-41354771/2/3 |
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Fax No.: |
91-011-41354774 |
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Branches : |
No:289,, 15th Main Rajmahal Vilas Extension Sadashiv Nagar
Bangalore-560 080 |
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Tel. No.: |
91-80-41137584 |
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Fax No.: |
91-80-41137587 |
DIRECTORS
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Name : |
Mr. Suryanarayana B. Raju |
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Designation : |
Director |
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Address : |
123/A, Satyam Enclave, Petbasheerabad, Jeedimetla, Secunderabad,
Andhra Pradesh |
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Date of Birth/Age : |
12.05.1958 |
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Date of Appointment : |
01.04.1998 |
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Name : |
Mr. Rama B.Raju |
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Designation : |
Director |
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Address : |
Flat No106, Park Avenue Enclave, Road No:2, Jubilee Hills, Hyderabad,
Andhra Pradesh |
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Date of Birth/Age : |
14.05.1959 |
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Date of Appointment : |
06.05.1988 |
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Name : |
Mr. Teja B. Raju |
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Designation : |
Managing Director |
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Address : |
Plot No: 1242, Road No:62, Jubilee Hills, Hyderabad, Andhra Pradesh |
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Date of Birth/Age : |
29.11.1978 |
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Date of Appointment : |
13.07.2001 |
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Name : |
Mr. A. Krishnasatya |
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Designation : |
Secretary |
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Address : |
503, Manasa Residency, Behind Sreedevi Nursing Home, Warasiguda,
Secunderabad:500 061, Andhra Pradesh |
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Date of Birth/Age : |
27.08.1973 |
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Date of Appointment : |
17.09.2001 |
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Name : |
Mr. Jampana Veerraju |
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Designation : |
Secretary |
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Address : |
Flat No:303-B, R.K.Estate, Road No:4,KPHB, Kulkatpally, Hyderabad :500
072, Andhra Pradesh |
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Date of Birth/Age : |
05.06.1972 |
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Date of Appointment : |
31.03.2005 |
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Name : |
Mr. M. B. Srivastava |
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Designation : |
Additional Director |
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Address : |
22, Buena Vista Gen. J Bhosle Marg, Mumbai:400021, Maharashtra |
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Date of Appointment : |
31.12.2006 |
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Other Directorship: |
SUkh Shanthi Homes Private Limited U99999AP1996PTC023298 IL&FS Transportation Networks Limited U45203MH2000PLC129790 Bengal Ambua Housing Development Limited L45209W1993PLC060444 Overseas Infrastruture Alliance (India) Private Limited U70101WB1989PTC052900 Swarna Tollway Private Limited U45203AP2001PTC036706 Roman Tarmat Limited U45203MH1986PLC038535 Indu Projects Limited U45203MH1986PLC038175 Maharashtra Airport Development Company Limited U45203MH2002PTC136379 |
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Name : |
Madhav Krishnaswamy Pundi |
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Designation : |
Whole-time Director |
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Address : |
8-2-293/82/573/L, Road No.82 Jubilee Hills,Hyderabad 500033, Andhra Pradesh, India |
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Date of Birth/Age : |
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Date of Appointment : |
30.10.2006 |
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Name : |
Mr. Ramesh Chandra Sinha |
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Designation : |
Director |
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Address : |
22, Buena Vista Gen, J. Bhosle Marg, Mumbai 400021 Maharashtra |
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Date of Appointment : |
30.12.2006 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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B.Appalanarasamma |
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7850 |
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B.Ramalinga Raju |
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97084 |
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B.Ramalinga Raju – HUF |
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13250 |
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B.Nandini Raju |
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51470 |
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B. Suryanarayana Raju |
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50620 |
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B. Suryanarayana Raju-HUF |
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7700 |
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B.Jhansi Raju |
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27659 |
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B. Rama Raju |
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102862 |
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B.RameRaju –HUF |
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5490 |
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B.Radha |
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51515 |
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B.Teja Raju (formely known as B. Pritam Teja) |
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29800 |
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B. Rama Raju |
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29700 |
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Veeyes Investments Private Limited |
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105000 |
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Highgrace Investments Private Limited |
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105000 |
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Elem Investments Private Limited |
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105000 |
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Fincity investments Private Limited |
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105000 |
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HI Sound Investments Privte Limited |
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105000 |
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Total |
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1000000 |
BUSINESS DETAILS
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Line of Business : |
Civil Works Contractors |
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Products : |
Civil Works Contracts |
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GENERAL
INFORMATION
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No. of Employees : |
About 500 |
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Bankers : |
Centurion Bank of Punjab Limited Pawani Plaza Commercial Complex, 6-3-698/A, PujaGutta, Hyderabad- 500082, Andhra Pradesh, India State Bank of India Industrial Finance Branch,6-3-1109/1, Rajbhawan Road, NavaBharat Chambers, Somjiguda, Hyderabad – 500082. Andhra Pradesh, India Bank of Maharashtra Sultan Bazar, Bank Street, Koti, Hyderabad – 500001, 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 : |
Krishna and Prasad |
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Address : |
G-26, Ground Floor, Abvr Reddy Hostel Complex,
Tilak Road, Hyderabad:500001, Andhra Pradesh |
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Joint Ventures : |
IJM-SCL JV NCC-MAYTAS JV (Pocharam) NCC-MAYTAS JV (Manvi) SSJV Projects Private Limited Himachal JV and Maytas NCC JV |
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Associates/Subsidiaries : |
Maytas Infratech Private Limited Maytas Infrasys Private Limited Maytas Properties Private
Limited (Formely Maytas Global e_sevices Private Limited) Maytas Projects Private
limited. |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,00,000 |
Equity Shares |
Rs.100/-(each) |
Rs.100.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,00,000 |
Equity Shares |
Rs.100/-(each) |
Rs.100.000 Millions |
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 |
100.000 |
100.000 |
100.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2079.934 |
1866.718 |
1309.941 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2179.934 |
1966.718 |
1409.941 |
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LOAN FUNDS |
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1] Secured Loans |
724.661 |
233.229 |
156.379 |
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2] Unsecured Loans |
341.009 |
316.289 |
145.120 |
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TOTAL BORROWING |
1065.670 |
549.518 |
301.499 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
3245.604 |
2516.236 |
1711.440 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
414.832 |
202.048 |
173.829 |
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Capital work-in-progress |
27.137 |
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INVESTMENT |
794.228 |
531.968 |
14.563 |
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DEFERREX TAX ASSETS |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
101.293
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80.268 |
69.496 |
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Sundry Debtors |
1213.411
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0.000 |
0.000 |
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Cash & Bank Balances |
192.401
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170.800 |
151.227 |
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Other Current Assets |
509.077
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1393.176 |
947.093 |
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Loans & Advances |
988.698
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860.547 |
955.710 |
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Total
Current Assets |
3004.88
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2504.791 |
2123.526 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
742.853
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722.571 |
600.479 |
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Provisions |
252.620
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0.000 |
0.000 |
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Total
Current Liabilities |
995.473
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722.571 |
600.478 |
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Net Current Assets |
2009.407
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1782.220 |
1523.048 |
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MISCELLANEOUS EXPENSES |
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TOTAL |
3245.604 |
2516.236 |
1711.44 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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Sales Turnover |
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0.000 |
0.000 |
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Other Income |
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3471.685 |
2054.429 |
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Total Income |
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3471.685 |
2054.429 |
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Profit/(Loss) Before Tax |
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568.082 |
34.449 |
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Provision for Taxation |
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16.451 |
-- |
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Profit/(Loss) After Tax |
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584.533 |
34.449 |
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Expenditures : |
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Contract Expenses |
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2495.141 |
1817.572 |
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Administrative Overheads |
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58.819 |
35.842 |
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Employee’s remunerations and Benefits |
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64.376 |
50.563 |
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Interest and financial charges |
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116.007 |
34.485 |
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Depreciation & Amortization |
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28.501 |
30.544 |
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Investment written off |
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0.000 |
30.720 |
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Total Expenditure |
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2762.844 |
1999.726 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
--
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16.83 |
1.67 |
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Net Profit Margin (PBT/Sales) |
(%) |
--
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16.36 |
1.67 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
--
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20.57 |
0.01 |
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Return on Investment (ROI) (PBT/Networth) |
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0.28 |
0.024 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.45
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0.36 |
0.42 |
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Current Ratio (Current Asset/Current Liability) |
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3.01
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3.46 |
3.53 |
LOCAL AGENCY
FURTHER INFORMATION
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Name of the company |
Maytas Infra
Private Limited |
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Presented By |
M.R.Teja Raju,
Managing Director |
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1) Date and description of instrument creating the change |
Dated 13.01.2001 by way of 1) Deed of Hypothecation of machinery and other Movable assets (for
second charge on pari passu basis) |
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2) Amount secured by the charge/amount owing on the securities of charge |
Cash Creit
facility of Rs.50.000Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
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4) Gist of the terms and conditions and extent and operation of the charge. |
In accordance
with the sanction letter No.UTIB/CR/697 dated 8th January, 2004. |
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5) Name and Address and description of the person entitled to the charge. |
UTI Bank Limited,
6-3-879/Ba, GreenlandRoad, Begumpet, Hyderabad |
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6) Date and brief description of instrument modifying the charge |
31.12.2005
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
UTI Bank Limited
vide its sanction Letter No.UTIB/HYD RMD/290, Dated 27th December,
2005 renewed-cum-enbanced the credit limits as per the details given below. Facility I:
CC/WCDL
Rs.100.000 Millions Facility II:Bank Guarantee Rs.200.000 Millions FacilityIII:
LC-Inland and Foreign
Rs.200.000 Millions (sub-Limit undr BG) CC/WCDL Rate of Interest:
BPLR-30% i.e; 9.0% p.a presently payable monthly Primary: First charge on entire stocks, book debts,
and other current assets of the company both present and future ranking pari
passu with other WClenders. Collateral: Personal guarantee of Shri B Teja Raju Second charge on the fixed assets (other than Vehicles specifically
charge under hire purchase scheme) of the company ranking pari passu with
other capital bankers Bank Gurantee: Performance gurantees:0.90% p.aPayable annually in advance Financialguarantees:1.125% p./a payable annually in advance Margin: EMD/Bid Bond/ Bid securityBG’s:Nil 5.0% for all other BG’s Security: Extension of charge on security available for fund Based
facilities Omnibus counter guarantee of
the company LC-Inland & Foreign
(Sub-limit under Bank Guarantee) Tenor: Maximum usance of 90 days for ILCS and 180 days for FLCs Margin:5.0% Charges:
Bank’sstandard/ FEDAI charges Security:
Extension of charge on security available for FB facilities. |
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To take over the busioness carried on by Satyam Construction Com[pany having
its Office at, 2nd Floor, Samrat Complex, Saifabad, Hyderabad-500004
as a going concern with all its exciting assets and liabilities and to continue
to carry on the exciting construction activity Construction Company at Podagada
and Kapur dams in Orissa.
Fixed Assets:
Buildings Temporary
Computers
Furniture and Fixture
Office Equipments
Plant and Machinery
Temporary
Tools and implements
Venues
Joint Venture Projects:
In respected of joint venture Contact executed as jointly controlled operations
the assets controlled, the liabilities monde, the share of the income and the
expenses incurred are accounted in accordance with agreed proportions under
respective heads in these financial statements.
Assets, Liabilities and Expenditure onside of contracts executed wholly
by the company pusant to a joint venture Contract are accounted under
respective heads in theses financial statements become from the contract is
accounted net of joint venture share under turnover in these financial statement.
Share of income attnbutable to the company respect of contacts executed
along with the other joint venture partner pursuant to joint venture Agreement
a accounted under turnover in these financial statement
The company has adopt the above method of the adoption of joint venture
Accounts with effects from the content financial year of 2004-05. Accordingly
Profit and loss. Accounts together previous period have been regrouped,
classifiable necessary to contain to the content year Precaution.
Notes to the Accounts:
Particulars: 2004-05
1) Contingent liabiliteies in
respect of
- Bank
Guarantees 2026.460
- Recovery from
escalation bills on labour
Component due to shift from all India price
index to Hyderabad Price index. 0.874
2) Estimates amount of contact remaining to be
executed on Capital account
not provided for --
Directors: B. Rama Raju, B. Suryanarayana Raju, B. Teja Raju.
a)
Bandavan infrastructure Company Limited Rs.43.000 Millions
b)
Gautami Powel Limited, Rs. 326.200 Millions
c)
Western UP Tollway Limited Rs.306.000 Millions
Leadership Team
B Teja Raju - Vice Chairman
Teja is one of the promoters of Maytas and has served on the
board of Maytas since 2001. He is an Engineer with an MS from Carnegie Mellon in
the US. He participated in the Young Entrepreneurs forum with Mr George Bush
(US President) at the Indian School of Business, Hyderabad. Teja is also
actively engaged in the groups Corporate Social Responsibility initiatives
through Byrraju foundation and EMRI.
P K Madhav – CEO
Madhav is a visionary leader and comes to Maytas after holding key leadership positions in large and diversified companies for over three decades. He believes in providing inspirational and transformational leadership to make teams do extraordinary things. A product of Rashtriya Indian Military School, Deharadun. Madhav has an MBA from FMS, Delhi and is also a qualified Company Secretary.
Mohan Gurunath - Head - Strategic Initiatives
An engineer with over 28 years experience in the financial
and infrastructure sector. Work experience includes 10 years with IDBI. Mohan
was also involved in the development of 4 power generation projects, a
transmission line project, acquisition of a power Discom and successfully
bidding for an airport and a metro rail project.
I K Pantulu - Head-Irrigation Business
A Civil Engineering and Construction Specialist, IK Pantulu
has over 40 years of diverse experience in Major Civil Engineering Projects. He
has executed major Irrigation and Industrial Projects. He has experience in
Under Water Constructions, Super Thermal Plants, High Rise Industrial
Structures, Major Dams, Canal Works and Road Projects. A B.E. (Hons.) in Civil
Engineering, Pantulu is a Member of the Institute of Engineers and Indian Road
Congress.
M D Shetty - Head- Highways and Urban Transportation
Shetty has more than 25 years of experience in Design, Construction, Project Management and Execution. Prior to joining Maytas he had stints with Tata Consulting Engineers, United Engineers-Malysia and GMR Industries. His experience includes design of Thermal, Hydro and Industrial plants, Expressways and Project management. In Malaysia and Singapore he was involved in design and supervision of world bank funded infrastructure projects. As CEO of United Engineers he executed Rs. 1500 crores road projects. Shetty is an engineer with a post graduate degree in structural engineering from IIT.
Kumar Subramanian - Head – Water, Oil & Gas
Kumar is a technocrat with 30 years experience in Transportation, Power, Water Supply and Oil & Gas. He worked on energy conservation projects related to efficiency improvement on induction motors and lighting loads. Kumar has managed businesses in construction, manufacturing and consulting specializing in turnaround of companies. He holds a degree in Electrical Engineering from IIT Madras and is a Member of the Institution of Engineers and Society of Power Engineers.
YVK Prasad - Head – Power and Industrial Construction
Prasad is an Electrical Engineer from REC Warangal with 27 years of diverse experience with leading Multinationals in India and the Middle East. Prasad's expertise is in Design & Engineering, Construction, Commissioning, Project Management and Business Development. He has worked in Power, Steel, Cement and Fertilisers with leading companies like SAIL, RINL, Voltas, Technip-Mannesmann & Electrowatt. He specializes in forging alliances with MNC’s.
Narasimha Rao - Key Relationships
Narasimha Rao is a Civil Engineer from Osmania University and has been with Maytas since 1985. Over the years he has handled several critical assignments for Maytas and specializes in project execution. He is now focusing on Business Development and Customer Relationships and was instrumental in winning some major deals for Maytas.
Mallik Penamatsa - International Business
Mallik has 25 years of international experience as a
corporate professional as well as an entrepreneur covering a wide variety of
functions including Operations, Marketing and Business Development. He
has worked in companies such as Cable & Wireless, Siemens and
Entrepreneurial Ventures which he had co-founded. Mallik is now
responsible for establishing Maytas Corporate Identity, International
Operations and new Business Development.
C S Raju - Business Development
C S Raju is a Civil Engineer from Bangalore University and has 22 years of experience in the construction industry. C S Raju started his career with GVK and was part of the team that built the first five star Hotel in Hyderabad. C S Raju was also the first professional Engineer at Maytas and has handled several critical projects and is now focused on Business Development and Contract Management. In between he had a stint with Ministry of Surface Transport for 8 years.
Rama Raju K V - Advisor - Business Development
Rama Raju K V has been associated with Infrastructure and
Real Estate sectors as advisor and entrepreneur for the past two decades. Rama
Raju earlier was advisor to the National Ship Design and Research Centre
(NSDRC), Vishakapatnam, India, and ICICI Infotech, for business development.
His extensive and key relationships have boosted Maytas to foray into Defence
buildings and new areas like Rural Electrification, Railways, Seaports and Oil
& Gas sectors. Rama Raju was instrumental in signing strategic JV deals
with several Indian and foreign companies. He is now responsible for business
development in all sectors.
Nagarjuna T – Planning
Nagarjuna is a Civil Engineer with 23 years of experience in the construction industry. He worked with Larsen and Toubro Limited (ECC Division) in various projects all over the country. The range of projects executed includes Construction of Marine Structures, Docks and Harbors, Power Plants and Refineries, Bridges and Irrigation Works. "Specialized foundation works is his core competency."
VVR Raju – CFO
A Chartered Accountant, VVR has 17 years of experience in manufacturing and construction. He has strong relationships in the financial markets. As a senior member of the corporate strategy group he provides insight into mergers, acquisitions and partnerships. As CFO, VVR provides financial oversight to all aspects of the business, effective management of treasury and ensures compliance and governance.
Srinivas Sagi – CIO
A Business Process Specialist, Sagi has 20 years of experience in healthcare and consulting. He spent 12 years at Johnson & Johnson in the US, building and leading supply chain organisations. As a consultant with PriceWaterhouseCoopers he advised fortune 500 companies devise Supply Chain Strategies. A Certified Production and Inventory Management Professional(CPIM) and a Project Management Professional (PMP). Sagi holds a degree in Engineering and has a Masters in Industrial Engineering.
H Krishnan - Head, Supply Chain Management
A Supply Chain Management specialist, Krishnan has over 35
years of experience in Purchasing and Subcontracting. Prior to joining
Maytas Krishnan worked for Engineers India Limited, TATA Projects Limited and
in the Gulf. He believes efficient SCM is at the core of excellence
in execution. Besides being a GDMM from the Indian Institute of Materials
Management, Krishnan also holds a degree in Electrical Engineering.
Chandrasekhar - Head - Water Infrastructure
Chandrasekhar has 25 years of experience in the Cement Industry from conceptualization to commissioning, operations, maintenance and quality control. He is a Mechanical Engineering Graduate and a Post Graduate in Industrial Engineering from Sri Venkateshwara University.
RP Sami – Plant & Equipment
R P Sami has a vast experience of 25 years in managing Plant & Equipment in a wide array of industries. He has been associated with renowned companies such as SEW, KMC, Fletcher, Metso & IR in strategic positions before taking charge at Maytas.
Ajit Singh - Head - Human Resources
Ajit has 21 years experience. Prior to joining Maytas Ajit worked for Oberoi Hotels, Fenner India, ITW Signode, Karvy Consulting and Coca Cola. His passion is researching human behaviors in various working environments. He seeks to align HR initiatives to Business Goals. He holds a Master’s Degree in Personnel Management from Symbiosis and a Post Graduate Diploma in Public Relations.
They at Maytas have always forged alliances with leading construction and firms in India and abroad to leverage and complement their strengths. These alliances have enabled them to provide end-to-end solutions to their customers at a faster pace. Maytas has acquired experience in development, construction and project management of infrastructural projects over a period of time with its alliances across India.
As a logical extension to all the synergies in India, Maytas Infra is spreading its wings across the globe too with its brand new alliances. Currently Maytas has joined hands with one of the leading construction company in the Middle East to execute a prestigious infrastructure program.
Maytas has also tied up with China Railway for the execution of tunnel works in India.
D G Map Residential Quarters
(Director General - Married Accommodation Project)
Uttar Pradesh
Construction of 146 blocks of Duplex houses spread over 7,30,227 sft. into 714 units including internal and external services.
Client: Defense Services Personnel, Lucknow, Uttar Pradesh
Status: In progress
NCS Sugars Plant
Andhra Pradesh
Civil works for 20 MW co-generation Power Plant industrial structures for NCS Sugars Limited at Bobbili, Vijayanagaram, Andhra Pradesh.
Client: NCS Sugars Limited
Status: In progress
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.43.63 |
|
UK Pound |
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.58.08 |
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 |
9 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
65 |
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/normal. |
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 |
|