MIRA
INFORM REPORT
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Report Date : |
02.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRITHVIRAJ INFRASTRUCTURE PRIVATE LIMITED |
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Formerly Known As : |
RAJ INFRASTRUCTURE PRIVATE LIMITED |
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Registered Office : |
PVR Chambers, 6-3-249/2/A, Road No.1, Banjara Hills, Hyderabad – 500
034, Andhra Pradesh. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Summarized) |
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Date of Incorporation : |
03.06.1997 |
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Com. Reg. No.: |
01-027232 |
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CIN No.: [Company
Identification No.] |
U65993AP1997PTC027232 |
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PAN No.: [Permanent
Account No.] |
AACCP3534B |
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IEC No.: |
0903013401 |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
The Company is engaged in the business of executing contract works and
maintenance of Toll Plaza Equipment. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having satisfactory
track. Trade relations are fair. Business is active. No complaints have been
heared from market sources. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. P. Suryanarayana Raj |
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Designation : |
Director |
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Contact No.: |
91-9849999366 |
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Date : |
27.11.2008 |
LOCATIONS
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Registered Office : |
PVR Chambers, 6-3-249/2/A, Road No.1, Banjara Hills, Hyderabad – 500 034,
Andhra Pradesh, India. |
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Tel. No.: |
91-40-23320483 |
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Mobile No.: |
91-9849999366 |
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Fax No.: |
91-40-23320803 |
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E-Mail : |
prithvirajinfra@pvrgroup.com |
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Website : |
www.pvrgroup.com (under
construction) |
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Area : |
2100 sq.ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. P. Prithvi Raj |
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Designation : |
Chairman and Managing Director |
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Address : |
302, Dhanunjaya Towers, 6-3-249/4/6, Main Road, Banjara Hills,
Hyderabad – 500034, India. |
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Date of Birth/Age : |
26.10.1942 |
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Qualification : |
B.E.Civil |
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Experience : |
45 years |
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Date of Appointment : |
03.06.1997 |
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Directorship in other companies : |
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Name : |
Mr. P. Venkatapathi Raj |
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Designation : |
Director |
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Address : |
303, Dhanunjaya Towers, 6-3-249/4/6, Main Road, Banjara Hills, Hyderabad
– 500034, India. |
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Date of Birth/Age : |
29.06.1968 |
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Qualification : |
B.E.Civil |
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Experience : |
16 years |
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Date of Appointment : |
03.03.2003 |
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Name : |
Mr. P. Suryanarayana Raj |
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Designation : |
Director |
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Address : |
302, Dhanunjaya Towers, 6-3-249/4/6, Main Road, Banjara Hills,
Hyderabad – 500034, India. |
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Date of Birth/Age : |
26.04.1970 |
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Qualification : |
B.Tech. Computer Engineering, M.E. Construction Management |
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Experience : |
12 years |
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Date of Appointment : |
03.06.1997 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. P.P.Raj |
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900 |
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Mr. P.S. Raj |
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900 |
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Mr. P.S.Raj |
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10000 |
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Mr. P.P.Raj |
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20000 |
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Mr.P.V.Raj |
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20000 |
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Mr. P.S.Raj |
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10000 |
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Mr. p. Raghava Raju |
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5000 |
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Total |
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66800 |
AS ON 31.03.2007
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company is engaged in the business of executing contract works and
maintenance of Toll Plaza Equipment. |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Credit , Cash (30 days) |
GENERAL
INFORMATION
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Suppliers : |
Ø Rajdeep And
Associates Ø Sterlite Optical
Technologies Limited Ø Maruti Tubes
Private Limited |
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Customers : |
Ø End Users |
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No. of Employees : |
16 (in office) |
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Bankers : |
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Facilities : |
Secured Loans as
on 31.03.2007
Unsecured Loans
as on 31.03.2007
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Chakradhar and Nandan Chartered Accounts |
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Address : |
201, Srinath Complex, S.D.Road, Secunderabad – 500003, Andhra Pradesh,
India. |
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Tel. No.: |
91-40-55317174 / 55317598 / 66317174 |
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Fax No.: |
91-40-55317174 |
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E-Mail : |
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Sister Concerns: |
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CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10/- Each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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66800 |
Equity Shares |
Rs. 10/- Each |
Rs.0.668 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
SUMMARIZED
FIGURES
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PARTICULARS |
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31.03.2008 |
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1] Share Capital |
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0.668 |
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3] Reserves & Surplus |
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0.512 |
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LOAN FUNDS |
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2] Unsecured Loans |
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6.501 |
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Fixed Assets |
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2.316 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.735 |
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Sundry Debtors |
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1.953 |
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Cash & Bank Balances |
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1.530 |
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Other Current Assets |
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2.803 |
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Loans & Advances |
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1.573 |
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Current Liabilities |
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5.029 |
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.668 |
0.668 |
0.668 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2.344 |
0.379 |
1.045 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.012 |
1.047 |
1.713 |
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LOAN FUNDS |
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1] Secured Loans |
2.183 |
2.911 |
60.926 |
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2] Unsecured Loans |
6.166 |
5.709 |
24.507 |
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TOTAL BORROWING |
8.349 |
8.620 |
85.433 |
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DEFERRED TAX LIABILITIES |
1.079 |
0.716 |
0.716 |
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TOTAL |
12.440 |
10.383 |
87.862 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.329 |
2.565 |
1.872 |
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Capital work-in-progress |
0.000 |
0.000 |
86.061 |
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INVESTMENT |
1.800 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
0.000 |
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Sundry Debtors |
1.349
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3.227 |
0.000 |
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Cash & Bank Balances |
0.793
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1.333 |
0.105 |
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Other Current Assets |
3.521
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2.574 |
4.826 |
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Loans & Advances |
6.729
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6.699 |
0.067 |
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Total
Current Assets |
12.392
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13.833 |
4.893 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
1.326
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4.191 |
2.202 |
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Provisions |
2.761
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1.835 |
2.884 |
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Total
Current Liabilities |
4.087
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6.026 |
5.086 |
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Net Current Assets |
8.305
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7.807 |
(0.193) |
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MISCELLANEOUS EXPENSES |
0.006 |
0.011 |
0.017 |
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TOTAL |
12.440 |
10.383 |
87.862 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
4.800 |
18.530 |
NA |
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Other Income |
0.828 |
0.915 |
NA |
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Total Income |
5.628 |
19.445 |
20.023 |
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Profit/(Loss) Before Tax |
(2.912) |
2.976 |
(0.666) |
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Provision for Taxation |
(1.079) |
1.010 |
NA |
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Profit/(Loss) After Tax |
(1.833) |
1.966 |
(0.666) |
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Expenditures : |
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Cost of Goods Sold |
3.347 |
9.365 |
NA |
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Manufacturing Expenses |
1.930 |
2.249 |
NA |
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Administrative Expenses |
2.412 |
4.040 |
NA |
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Interest |
0.576 |
0.548 |
NA |
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Depreciation & Amortization |
0.269 |
0.261 |
NA |
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Other Expenditure |
0.006 |
0.006 |
NA |
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Total Expenditure |
8.540 |
16.469 |
NA |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
(32.56)
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10.11 |
(3.32) |
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Net Profit Margin (PBT/Sales) |
(%) |
(60.66)
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16.06 |
- |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(26.69)
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18.01 |
(4.06) |
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Return on Investment (ROI) (PBT/Networth) |
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-
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0.98 |
(0.63) |
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Debt Equity Ratio (Total Liability/Networth) |
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-
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4.12 |
13.98 |
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Current Ratio (Current Asset/Current Liability) |
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-
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3.03 |
2.29 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges
Report as per Registry
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Name of the company |
PRITHVIRAJ
INFRASTRUCTURE PRIVATE LIMITED |
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Presented
By |
Mr. P.S. Raj, Director |
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1) Date and description of instrument creating the change |
General loan
agreement Term loan
agreement (hypothecation of movables) Hypothecation
agreement (for agricultural advances) dated :- 12.03.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.60.000
Millions |
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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 |
536.16 acre Tea
Estate proposed to be purchased. 53.51 acres at yedda R.S. No. ¼, 395/1, 2,
396, 397/1, 2, 398/1, 2, 3, 399/1, 2, 100/2, 485.65 acres at burlian
R.S.No.109/1, 2, 3, 112, 123, 125/1-16, 126, 127/1, 6, 128/1, 9, 129, 130/1A,
2, 3, 4, 134/2, 3, 187, 200/2, 3, 4, 5, 5, and 203/1, 2. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Nature of limit :
term loan Loan amount
Rs.60.000 millions Margin- 33.33 % Interest – BPLR
+2% (12.75% PER ANNUM) Repayment – 28 quarter
installments of Rs. 2.143 millions Tenure – 7years |
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5) Name and Address and description of the person entitled to the charge. |
Union Bank of
India. |
Trade References
Swarna Tollway
Private Limited
186, Hunda Layout, Plot No. 15, Road No.2, Banjara Hills, Hyderabad –
500 034, India.
FIXED ASSETS
Ø Office Equipment
Ø Data Processing Equipment
Ø Vehicles
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.50.09 |
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UK Pound |
1 |
Rs.76.68 |
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Euro |
1 |
Rs.63.48 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
45 |
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. |
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 |
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