MIRA
INFORM REPORT
|
Report Date : |
26.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
FLEURDELIS TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Hyderabad, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
28.02.2006 |
|
|
|
|
Com. Reg. No.: |
01-49320 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72200AP2006PTC049320 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Welding and Cutting Equipment and Self Leveling
Machine |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
|
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and in the process of establishing itself.
Directors are however reported as experienced and respectable businessmen.
Trade relations are reported as fair. Payments are reported as usually
correct and as per commitments. The company can be considered for small to mediocre business dealings
with slight caution initially. |
LOCATIONS
|
Registered Office : |
HYDHD, Hyderabad, Andhra Pradesh |
|
|
|
|
Head Office/Fcatory : |
403, Tungavadhra Block A2, Koramangala National Games Village,
Bangalore – 560047, Karnataka |
|
Tel. No.: |
91-80-25717332/ |
|
Mobile No.: |
91-9343830075 |
|
Fax No.: |
91-80-25717331 |
DIRECTORS
|
Name : |
Mr. Anupoju Krishna Rao |
|
Designation : |
Director |
|
Address : |
202, Block – C, Sun – N- Sea Apartment, East Point Colony,
Vishakhapatnam – 17 |
|
Date of Appointment : |
28.02.2006 |
|
|
|
|
Name : |
Ms. Bharathi Cherukuri |
|
Designation : |
Director |
|
Address : |
1A, Ravi Teja Apartment, Pandurangapuram, Visakhapatnam – 3 |
|
Date of Appointment : |
28.02.2006 |
|
|
|
|
Name : |
Mr. Bhavani Sankar Cherukuri |
|
Designation : |
Director |
|
Address : |
328, Cauvery Block, A – 2, National Games Village, Koramangala,
Bangalore – 560047 |
|
Date of Appointment : |
28.02.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders (29.09.2006) |
No. of Shares |
|
Ms. Bharathi Cherukuri |
40000 |
|
Mr. Anupoju Krishna Rao |
40000 |
|
Mr. Bhavani Sankar Cherukuri |
187600 |
|
Mr. Dinesh Kumar |
25000 |
|
Mr. Prabhakar B |
5000 |
|
Mr. Naveen P |
500 |
|
Mr. Jacintha Pinto |
100 |
|
Mr. Murugu Sundaram |
2500 |
|
Mr. Basavaraju C |
100 |
|
Ms. Prema Sudari |
500 |
|
Ms. Rathna Sudha |
7000 |
|
Mr. Satyanarayanavaraprasad |
500 |
|
Mr. Sivunnaidu Ganta |
1000 |
|
Mr. Srinivasu Garapathi |
1000 |
|
Mr. Jaimanth Bharadwaj |
12500 |
|
Ms. Kirti Athreya |
1000 |
|
Mr. Lokesh M |
1200 |
|
Mr. Pushpalatha D |
12500 |
|
Mr. Vishwanath V |
500 |
|
Mr. Purushotham Reddy |
4000 |
|
Mr. Alok Marwah |
15000 |
|
Mr. Mahalingam |
20000 |
|
Mr. Sathya Patame Valluru |
500 |
|
Mr. Madhusudhana Rao Kavala |
1000 |
|
Mr. Arun Kumar Javvadi |
500 |
|
Ms. Kavitha Prasad Javvadi |
500 |
|
Mr. Venkataramana |
500 |
|
Mr .Venkateswara Rao Javvadi |
500 |
|
Mr. Thilakka V |
1000 |
|
Mr. Harish M |
1000 |
|
Mr. Jayashankar Arumugam |
1000 |
|
Mr. Madhukar Arren |
2500 |
|
Mr. Rajagopal Tale |
500 |
|
Mr. Suresh Sundaramoorthy |
1000 |
|
Mr. Franscis Noronha |
4000 |
|
Mr. Vikram Dutt |
2000 |
|
Mr. Butchi Kamayya Mogalapalle |
500 |
|
Mr. Ramprasad Varma |
500 |
|
Mr. Niaz Parveen |
5000 |
|
Total |
400000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Welding and Cutting Equipment and Self Leveling
Machine |
GENERAL
INFORMATION
|
Bankers : |
UTI Bank Limited, No. 09, M G Road Branch, M G Road, Bangalore –
560001, Karnataka |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Memberships : |
Nil |
|
|
|
|
Collaborators : |
Nil |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Sahres |
Rs. 10/- Each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid – up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Sahres |
Rs. 10/- Each |
Rs. 0.100 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
Nil
LOCAL AGENCY
FURTHER INFORMATION
|
Corporate
identity number (CIN) Foreign company registration number |
U72200AP2006PTC049320 |
|
Name of the
Company |
FLEURDELIS TECHNOLOGIES PRIVATE LIMITED |
|
Address |
Hyderabad, Andhra Pradesh |
|
This form is for |
Modification
Charge |
|
Type of Charge |
Hypothecation |
|
Particulars of
the charge holder |
UTI Bank Limited, No. 09, M G Road Branch, M G Road, Bangalore –
560001, Karnataka |
|
Nature of the
instrument charge |
Agreement for hypothecation of current assets |
|
Date of
instrument charge |
29.05.2006 |
|
Amount secured by
the charge |
Rs. 8.000
Millions |
|
Brief of the
principal terms and conditions |
Breakup of limits
for Rs. 8.000 Millions Interests – CC –
Present Rate 14% per annum with periodical rests Margin – 25% on
CC & BG Commission – On
Bg – 2.5% Repayment – O
Demand |
|
Description of
the property charged indicating |
Stock in trade
and Book Debts |
|
Property Charged |
Hypothecation to
the bank on all stock in Trade, Raw Material, Stock in Process, Cash &
other current assets etc, to secure as a continuing security |
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.39 |
|
UK Pound |
1 |
Rs.85.16 |
|
Euro |
1 |
Rs.57.60 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
18 |
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 |
|