MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
EPE INDUSTRIES INDIA PRIVATE LIMITED |
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Formerly Known As : |
ELECTRO PLAST ENGINEERS |
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Registered Office : |
Plot No. 81 & 82,
Brahmaputra colony, Mallapur Village, Hyderabad - 500076, Andhra Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.12.2005 |
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Com. Reg. No.: |
01-48417 |
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CIN No.: [Company
Identification No.] |
U29150AP2005PTC048417 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDE01376E |
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PAN No.: [Permanent
Account No.] |
AABCE6516D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of custom mould and plastic
injection moulds. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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/normal. |
Small |
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Maximum Credit Limit : |
USD 75000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a 3 Years old company and has incurred some loss as per its
first financials dated 31.03.2007.
Trade relations are fair. Payments are reported as slow but correct. The company can be considered good for small to mediocre business
dealings initially. |
INFORMATION PARTED
BY
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Name : |
Mr. G. V. Jagdish |
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Designation : |
Managing Director |
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Contact No.: |
91-9849043248 |
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Date : |
03.06.2008 |
LOCATIONS
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Registered Office : |
Plot No. 81 & 82,
Brahmaputra colony, Mallapur Village, Hyderabad - 500076, Andhra Pradesh,
India |
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Tel. No.: |
91-40-27150164 |
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Mobile No.: |
91-9849043248 |
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Fax No.: |
91-40-27150390 |
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E-Mail : |
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Website: |
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Area: |
5000 Sq. fts. |
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Location: |
Owned |
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Factory 1 : |
Plot No. 47, H No. 25-40/46/1/2, Road No. 1, A. S. N. Colony, East
Anandbagh, Malkajgiri, Hyderabad – 500047, Andhra Pradesh, India |
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Tel. No.: |
91-40-27224956 |
DIRECTORS
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Name : |
Mr. Gudupudi Venkata Jagdish |
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Designation : |
Director |
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Address : |
Plot No. 47, H. No. 25/40/46/1/2, Road No. 1, A. S. N. Colony, East
Anandbagh, Malkajgiri, Hyderabad |
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Date of Birth/Age : |
18.08.1970 |
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Date of Appointment : |
15.12.2005 |
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Name : |
Ms. S. Ragui Devi |
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Designation : |
Director |
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Address : |
H. No. 6-10, Savarakar Nagar, Najaram, Hyderabad, India |
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Date of Birth/Age : |
29.06.1982 |
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Name : |
Ms. G. Sree Devi |
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Designation : |
Director |
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Address : |
Plot No. 164, Bhoodevi Nagar Colony, Secunderabad, Andhra Pradesh,
India |
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Date of Birth/Age : |
19.10.1976 |
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Name : |
Mrs. Shetiygari Sanjay Kumar |
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Designation: |
Director |
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Date of Birth/Age : |
03.10.1972 |
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Date of Appointment : |
13.12.2005 |
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Name : |
Mrs. GVS Bhimaraju |
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Designation: |
Director |
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Name : |
Mr. Venkatasatya Golla |
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Designation: |
Director |
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Date of Birth/Age : |
13.02.1973 |
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Date of Appointment : |
13.12.2005 |
KEY EXECUTIVES
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Name : |
Ms. P. Renuka |
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Designation : |
Company Secretary |
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Address : |
6-3-788/36 and 37A, Durga Nagar Colony, Ameerpet, Hyderabad 500016 |
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Tel. No.: |
91-40-23418079 |
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Mobile No.: |
91-9848059315 |
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E-mail: |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
[As on 26.03.2007]
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Names of Shareholders |
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No. of Shares |
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G.V. Jagdish |
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240000 |
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G. S. Prakasa Rao |
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150000 |
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G. Nirmala Kumari |
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150000 |
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B. Vijaya Lakshmi |
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10000 |
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S. Sanjay Kumar |
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70000 |
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G. V. S. Bhima Raju |
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10000 |
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D. Yogender |
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30000 |
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D. Nalini |
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20000 |
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H. Prashant |
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300000 |
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M. Pardhasarathi |
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78600 |
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R. Vijay Kumar |
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40000 |
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R. Ramurthy Naidu |
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160000 |
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B. Ramesh |
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46500 |
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B. Kameswari |
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81500 |
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Equity Share
Breakup |
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Percentage of
Holding |
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Directors or relatives of directors |
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65.77 |
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Other top fifty shareholders |
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21.48 |
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Others |
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12.75 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of custom mould and plastic
injection moulds. |
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Exports : |
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Countries : |
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Imports : |
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Products : |
Machinery |
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Countries : |
China |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
70 |
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Bankers : |
M. G. Road Branch, 1st Floor, Varalakshmi Complex,
Ranigunj, Secunderabad – 500003, Andhra Pradesh, India |
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Facilities: |
Overdraft Rs.
6.400 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Manohar and Venkata Chartered Accountants |
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Address : |
# 1-1-564/A, Opposite Surabhi Apartments, I Floor, Gandhinagar,
Hyderabad – 500020, Andhra Pradesh, India |
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Tel No.: |
91-40-66616211 / 66366211 |
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Fax No.: |
91-40-30221412 |
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E-Mail : |
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Memberships : |
WTC |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2000000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
1396600 |
Equity Shares |
Rs. 10/-
each |
Rs. 13.966
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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13.966 |
0.100 |
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2] Share Application Money |
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1.200 |
0.700 |
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3] Reserves & Surplus |
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0.000 |
0.000 |
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4] (Accumulated Losses) |
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[0.125] |
0.000 |
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NETWORTH |
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15.041 |
0.800 |
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LOAN FUNDS |
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1] Secured Loans |
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2.600 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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2.600 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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17.641 |
0.800 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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7.871 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.861
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0.000 |
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Sundry Debtors |
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0.195
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0.000 |
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Cash & Bank Balances |
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2.966
|
0.002 |
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Other Current Assets |
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0.000
|
0.010 |
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Loans & Advances |
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6.287
|
0.600 |
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Total
Current Assets |
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10.309 |
0.612 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.575
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0.000 |
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Provisions |
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0.152
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0.000 |
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Total
Current Liabilities |
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0.727 |
0.000 |
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Net Current Assets |
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9.582
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0.612 |
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MISCELLANEOUS EXPENSES |
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0.188 |
0.188 |
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TOTAL |
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17.641 |
0.800 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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0.641 |
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Other Income |
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0.861 |
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Total Income |
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1.502 |
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Net Loss |
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[0.125] |
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Total Expenditure |
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1.627 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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NA |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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NA |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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0.22 |
NA |
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Current Ratio (Current Asset/Current Liability) |
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14.18 |
NA |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
- Link-well Tele
Systems Private Limited, Hyderabad
- Calan
Instruments, Hyderabad
- Thrive Energy
Technologies Private Limited, Hyderabad
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U29150AP2005PTC048417 |
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Name of the company
|
EPE INDUSTRIES INDIA PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
EPE INDUSTRIES INDIA PRIVATE LIMITED Andhra Pradesh, India |
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Type of charge |
Movable
Property |
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Particular of
charge holder |
Syndicate Bank M. G. Road
Branch, 1st Floor, Varalakshmi Complex, Ranigunj, Secunderabad –
500003, Andhra Pradesh, India |
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Nature of
description of the instrument creating or modifying the charge |
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Date of
instrument Creating the charge |
26.03.2007 |
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Amount secured by
the charge |
Rs. 4.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest PLR + 1.75 % ,
Presently at 14 % on Term Loan of Rs. 3.000 Millions and SODH limit of Rs.
1.000 Million Terms of repayment
Repayable in 84
equated monthly installments of Rs. 0.050 Millions from 31.05.2007 to
30.04.2014 Margin Margin at 25 % on
Term Loan of Rs. 3.000 Millions and SODH Limit of Rs. 1.000 Million Extent operation
of the charge The charge
operates as first charge on Stock of raw Materials, Work in Process, Finished
Goods and on machinery to be imported |
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Short particulars
of the property charged |
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This form is for |
Modification of
charge |
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Charge
identification number of the charge to be modified |
10047373 |
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Corporate
identity number of the company |
U29150AP2005PTC048417 |
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Name of the
company |
EPE INDUSTRIES
INDIA PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
EPE INDUSTRIES INDIA PRIVATE LIMITED Andhra Pradesh, India |
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Type of charge |
Movable
Property |
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Particular of
charge holder |
Syndicate Bank M. G. Road
Branch, 1st Floor, Varalakshmi Complex, Ranigunj, Secunderabad –
500003, Andhra Pradesh, India |
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Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Deposit of title deeds dated 10.10.2007 |
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Date of
instrument Creating the charge |
10.10.2007 |
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Amount secured by
the charge |
Rs. 4.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest No change in the
existing rate of interest Terms of
repayment Repayable in 84
equated monthly installments of Rs. 0.049 Millions from 31.05.2007 to
30.04.2014 Margin Margin at 25 % on
Term Loan of Rs. 3.000 Millions and SODH Limit of Rs. 1.000 Million Extent operation
of the charge The charge
operates as first charge on Stock of raw Materials, Work in Process, Finished
Goods and on machinery to be imported |
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Short particulars
of the property charged |
Apart from the
existing security and additional security by way equitable mortgage as per
the memorandum of deposit of title deeds |
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Particulars of
the present modification |
There is no change
in the limits only an additional security was added by way of memorandum of
deposit of title deeds |
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.42.63 |
|
UK Pound |
1 |
Rs.83.40 |
|
Euro |
1 |
Rs.65.80 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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 |
|