MIRA
INFORM REPORT
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Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
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Name : |
DMS TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
11, A1 Block, Vasu Layout, Rangarao Colony, Dattagalli, |
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Country : |
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Date of Incorporation : |
29.02.2008 |
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Com. Reg. No.: |
18-045467 |
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CIN No.: [Company
Identification No.] |
U72200KA2008PTC045467 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRD05707C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Electronic Equipments |
RATING & COMMENTS
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MIRAs Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to complete first full year of its
operations. The management parted general details. No further information
could be made available. The company can be considered for any business dealings on safe and
secured terms, initially |
INFORMATION PARTED BY (General Details)
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Name : |
Mr. M Nagendra |
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Designation : |
Director |
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Contact No.: |
91-9845623188 |
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Date : |
22.12.2008 |
LOCATIONS
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Registered Office : |
11, A1 Block, Vasu Layout, Rangarao Colony, Dattagalli, |
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Tel. No.: |
91-821-2568812 |
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Mobile No.: |
91-9845623188 |
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E-Mail : |
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Website : |
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Area : |
2400 Sq. ft |
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Location : |
Owned |
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Factory 1 : |
#34, Belavadi Industrial Area, |
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Tel. No.: |
91-821-4001252 |
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Fax No.: |
91-821-4001251 |
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Area : |
65000 Sq. ft |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. H R Nagendra Rao |
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Designation : |
Director |
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Address : |
11, A1 Block, Vasu Layout, Rangarao Colony, Dattagalli, |
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Date of Birth/Age : |
44 Years |
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Qualification : |
Diploma |
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Name : |
Mrs. Mamatha Nagendra |
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Designation : |
Director |
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Address : |
11, A1 Block, Vasu Layout, Rangarao Colony, Dattagalli, |
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Date of Birth/Age : |
38 Years |
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Qualification : |
PUC |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.02.2008
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Names of Shareholders |
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No. of Shares |
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Mr. H R Nagendra Rao |
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8000 |
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Mrs. Mamatha Nagendra |
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2000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Electronic Equipments |
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Imports : |
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Products : |
Machinery and Raw Material |
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Countries : |
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Terms : |
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Selling : |
Depends |
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Purchasing : |
Depends |
GENERAL INFORMATION
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Customers : |
End Users and Electrical Manufacturer |
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No. of Employees : |
51 (Office 1 + Factory 50) |
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Bankers : |
State Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Chartered Accountant |
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Address : |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 29.02.2008
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 10/- Each |
Rs. 1.000
Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 10/- Each |
Rs. 1.000
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Expected Sales (2008-09) : Rs. 120.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Trade References
- Vinyas
Electronics Private Limited,
- Cipsa RIC
Private Limited,
Form 8
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U72200KA2008PTC045467 |
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Name of the
company |
DMS TECHNOLOGIES PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
11, A1 Block, Vasu Layout, Rangarao Colony, Dattagalli, |
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Type of charge |
Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
State Bank of |
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Nature of description
of the instrument creating or modifying the charge |
Agreement of loan
cum hypothecation |
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Date of
instrument Creating the charge |
20.06.2008 |
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Amount secured by
the charge |
Rs. 24.800
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
WCL AT 1.00% above sbar with a minimum of 13.25% rising or falling
therewith on daily products with monthly rests. Present effective rate 13.25%
per annum. 2- TL AT 1.50% above
sbar with a minimum of 13.75% rising or falling therewith on daily products
with monthly rest Penal interest
for Non compliance of terms of sanction: Max 2% per annum over the normal
rate. Prepayment penalty as per terms of sanction Terms of Repayment
WCL On demand advance is for a period of 12 month and subject to review
as per sanction Trem Loan In 58
months with effect from April 2009 First 12 monthly
insts of Rs. 0.225 Million each + interest Next 12 monthly
insts of Rs. 0.275 Millions each + interest Next 21 monthly
insts of Rs. 0.300 Million each + interest Last 13 monthly
insts of Rs. 0.400 Million each + interest Margin
RM/SFG/FG/Receivables 25% LC 25% Term Loan
44.91% Extent and
Operation of the charge Exclusive first charge on the assets of the company
and the full extent Others -- |
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Short particulars
of the property charged |
Hypo. Of company
present and future movable fixed assets and current assets like stocks, raw material,
semi finished and finished goods, book debts, receivable, outstanding monies,
bills, rights, store, components, furniture and fittings other movables,
plant and machinery, vehicles and assets to be purchased out of bank finance |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 Intl
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 companys management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.39 |
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1 |
Rs.70.65 |
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Euro |
1 |
Rs.66.33 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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