MIRA INFORM REPORT

 

Report Date :

26.05.2007

 

IDENTIFICATION DETAILS

 

Name :

MAYTAS INFRA PRIVATE LIMITED

 

 

Registered Office :

6-3-1186/5/A, III Floor, Amiogh Plaza, Begumpet, Hyderabad - 500016, Andhra Pradesh

 

 

Country :

India

 

 

Financials (as on) :

31.03.2006

 

 

Date of Incorporation :

06.05.1988

 

 

Com. Reg. No.:

01-8624

 

 

CIN No.:

[Company Identification No.]

U45201AP1988LC008624

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

HYDM01739D

 

 

PAN No.:

[Permanent Account No.]

AABCM3722F

 

 

Legal Form :

Private

 

 

Line of Business :

Civil Works Contractors

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD  8500000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject 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

 

Registered Office :

6-3-1186/5/A, III Floor, Amiogh Plaza, Begumpet, Hyderabad-500016, Andhra Pradesh

Tel. No.:

91-40-23408100

Fax No.:

91-40-23401107

E-Mail :

veerraju@maytasinfra.com

Website :

http://www.maytasinfra.com

 

 

Branches :

A-1/152, Safdarjung Enclave New Delhi – 110 029

Tel. No.:

91-11-41354771/2/3

Fax No.:

91-011-41354774

E-Mail :

 

 

 

Branches :

No:289,, 15th Main Rajmahal Vilas Extension Sadashiv Nagar Bangalore-560 080

Tel. No.:

91-80-41137584

Fax No.:

91-80-41137587

 

 

DIRECTORS

 

Name :

Mr. Suryanarayana B. Raju

Designation :

Director

Address :

123/A, Satyam Enclave, Petbasheerabad, Jeedimetla, Secunderabad, Andhra Pradesh

Date of Birth/Age :

12.05.1958

Date of Appointment :

01.04.1998

 

 

Name :

Mr. Rama  B.Raju

Designation :

Director

Address :

Flat No106, Park Avenue Enclave, Road No:2, Jubilee Hills, Hyderabad, Andhra Pradesh

Date of Birth/Age :

14.05.1959

Date of Appointment :

06.05.1988

 

 

Name :

Mr. Teja B. Raju

Designation :

Managing Director

Address :

Plot No: 1242, Road No:62, Jubilee Hills, Hyderabad, Andhra Pradesh

Date of Birth/Age :

29.11.1978

Date of Appointment :

13.07.2001

 

 

Name :

Managing Director

Designation :

Plot No: 1242, Road No:62, Jubilee Hills, Hyderabad, Andhra Pradesh

Address :

29.11.1978

Date of Appointment :

13.07.2001

 

 

Name :

Mr. A. Krishnasatya

Designation :

Secretary

Address :

503, Manasa Residency, Behind Sreedevi Nursing Home, Warasiguda, Secunderabad:500 061, Andhra Pradesh

Date of Birth/Age :

27.08.1973

Date of Appointment :

17.09.2001

 

 

Name :

Mr. Jampana Veerraju

Designation :

Secretary

Address :

Flat No:303-B, R.K.Estate, Road No:4,KPHB, Kulkatpally, Hyderabad :500 072, Andhra Pradesh

Date of Birth/Age :

05.06.1972

Date of Appointment :

31.03.2005

 

 

Name :

Mr. M. B. Srivastava

Designation :

Additional Director

Address :

22, Buena Vista Gen. J Bhosle Marg, Mumbai:400021, Maharashtra

Date of Appointment :

31.12.2006

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

 

 

Name :

Madhav Krishnaswamy Pundi

Designation :

Whole-time Director

Address :

8-2-293/82/573/L, Road No.82, Jubilee Hills, Hyderabad 500033, Andhra Pradesh, India

Date of Birth/Age :

 

Date of Appointment :

30.10.2006

 

 

Name :

Mr. Ramesh Chandra Sinha

Designation :

Director

Address :

22, Buena Vista Gen, J. Bhosle Marg, Mumbai 400021 Maharashtra

Date of Appointment :

30.12.2006

 

 

MAJOR SHAREHOLDERS

 

Names of Shareholders

 

No. of Shares

B.Appalanarasamma

 

7850

B.Ramalinga Raju

 

97084

B.Ramalinga Raju – HUF

 

13250

B.Nandini Raju

 

51470

B. Suryanarayana Raju

 

50620

B. Suryanarayana Raju-HUF

 

7700

B.Jhansi Raju

 

27659

B. Rama Raju

 

102862

B.RameRaju –HUF

 

5490

B.Radha

 

51515

B.Teja Raju (formely known as B. Pritam Teja)

 

29800

B. Rama Raju

 

29700

Veeyes Investments Private Limited

 

105000

Highgrace Investments Private Limited

 

105000

Elem Investments Private Limited

 

105000

Fincity investments Private Limited

 

105000

HI Sound Investments Privte Limited

 

105000

Total

 

1000000

 

 

BUSINESS DETAILS

 

Line of Business :

Civil Works Contractors

 

 

GENERAL INFORMATION

 

No. of Employees :

About 500

 

 

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

 

Allhabad Bank

 

Bank If India

Central Bank of India

 

ICICI Bank

 

IDBI Bank

 

Punjab National Bank

 

UTI Bank Limited

 

 

Facilities :

 

31.03.2005

Rs In Millions

Secured Loan

 

Terms Loans from Institutions

(Secured by hypothecation of Machinery, Personal Guarantee of Directors, Collateral Security of Landed property belonging to third party)(including Interest accrued and due)

0.000

Other Loans and Advances

(secured by Hypothecation of machinery and equipments)

40.908

Cash Credit- from Bank

0.000

Exim Bank

0.000

Other Banks

(Paripassu charge on current assets of the Company)

192.321

Total:

233.229

Unsecured Loan:

 

Loans from Director

5.530

Others

29.950

Mobilization Advance

280.808

Total:

316.288

 

 

 

Banking Relations :

Satisfactory

 

 

Auditors :

 

Name :

Krishna and Prasad

Address :

G-26, Ground Floor, Abvr Reddy Hostel Complex, Tilak Road, Hyderabad:500001, Andhra Pradesh

Memberships :

 

 

 

Joint Ventures :
  • IJM-SCL JV
  • NCC-MAYTAS
  • JV (Pocharam)
  • NCC-MAYTAS
  • JV (Manvi)
  • SSJV Projects Private Limited
  • Himachal JV and Maytas NCC JV
  • Maytas –NCC JV
  • NEC –NCC _ Maytas JV
  • Maytas Shankarnarayana JV (KP Dams) .

 

 

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 :

No. of Shares

Type

Value

Amount

10,00,000

Equity Shares

Rs.100/-(each)

Rs.100.000 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

10,00,000

Equity Shares

Rs.100/-(each)

Rs.100.000 Millions

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2006

31.03.2005

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

100.000

100.000

2] Reserves & Surplus

 

2079.934

1866.717

NETWORTH

 

2179.934

1966.717

LOAN FUNDS

 

 

 

1] Secured Loans

 

724.661

233.230

2] Unsecured Loans

 

341.009

316.289

TOTAL BORROWING

 

1065.670

549.519

DEFERRED TAX LIABILITIES

 

0.000

0.000

 

 

 

 

TOTAL

 

3245.604

2516.236

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

414.832

202.048

Capital work-in-progress

 

27.137

0.000

 

 

 

 

INVESTMENT

 

794.228

531.968

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 

101.293

80.268

 

Cash & Bank Balances
 

192.401

170.801

 

Other Current Assets
 

1722.488

1393.175

 

Loans & Advances
 

988.699

860.547

Total Current Assets
 

3004.881

2504.791

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Current Liabilities
 

995.474

722.571

 

Provisions
 

0.000

0.000

Total Current Liabilities
 

995.474

722.571

Net Current Assets
 

2009.407

1782.222

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

 

 

 

 

 

TOTAL

 

3245.604

2516.236

 

 

 

PROFIT & LOSS ACCOUNT

 

PARTICULARS

 

 

31.03.2006

31.03.2005

Sales Turnover

 

 

 

Other Income

 

4016.741

3471.686

Total Income

 

4016.741

3471.686

 

 

 

 

Profit/(Loss) Before Tax

 

351.757

708.592

Provision for Taxation

 

97.338

124.058

Profit/(Loss) After Tax

 

254.419

548.534

 

 

 

 

Expenditures :

 

 

 

 

Financial Charges

 

180.439

116.007

 

Depreciation & Amortization

 

46.362

28.501

 

Other Expenditure

 

3211.871

2473.831

Total Expenditure

 

3438.672

2618.339

 

KEY RATIOS

 

PARTICULARS

 

 

 

31.03.2006

31.03.2005

PAT / Total Income

(%)
 

6.33

15.80

 

 
 

 

 

Net Profit Margin

(PBT/Sales)

(%)
 

13.23

20.41

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
 

17.50

39.75

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
 

0.16

0.36

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 
 

0.45

0.36

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

3.01

3.46

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Name of the company

Maytas Infra Private Limited

Presented By

M.R.Teja Raju, Managing Director

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)

2) Amount secured by the charge/amount owing on the securities of charge

Cash Creit facility of Rs.50.000Millions

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

  • First charge by way of hypothecation on all current assets of the company on pari-passu basis with other member bankers under multi banking arrangement.
  • Seconds charge by way hypothecation on machinery and other Movable assets on pari passu basis with the member bankers presently enjoying such security.

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.

5) Name and Address and description of the person entitled to the charge.

UTI Bank Limited,

6-3-879/Ba, GreenlandRoad, Begumpet, Hyderabad

6) Date  and brief description of instrument modifying the charge

31.12.2005

  • Letter of Arrangement:CC/WCDL Advances
  • General Undertaking/Indemnity for Letters of Credit
  • Omnibus Counter Indemnity for Guarantee Limit.
  • Composite Hypothecation Deed

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.

 

 

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.40.60

UK Pound

1

Rs.80.65

Euro

1

Rs.54.55

 

 

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions