MIRA
INFORM REPORT
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Report Date : |
25.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
DRS INFRATECH PRIVATE LIMITED |
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Registered Office : |
30-265/50/233 Pragati Nagar, Behind Dr. A S Rao Nagar, ECIL
Secunderabad, Hyderabad – 500062, Andhra Pradesh |
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Country : |
India |
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Date of Incorporation : |
23.01.2007 |
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Com. Reg. No.: |
052456 |
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CIN No.: [Company
Identification No.] |
U45200AP2007PTC052456 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDD03178A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business of contractors, sub-contractors,
quasi-contractors whether for government of for semi-government bodies or
corporation or company or society or body corporate or firms or individuals
or schools or clubs or other bodies or private works and to undertake
contracts and sub contracts relating to construction, modification,
repairing, alteration, removal, redecoration, redesigning, enlarging,
improving, and designing of civil works, buildings for whatever use, roads, streets,
circles, squares, parks, gardens, statues, parking places, bridges, dams,
water courses and reservoirs, tunnels, electrical works, earth works, sewers,
tanks, drains, sewage, light houses, towers, transmission towers, pipelines,
underground cables, railway tracks, railway sidings, runway, shipyards,
culverts, channels whether on turnkey basis or on labour contracts or
otherwise. |
RATING &
COMMENTS
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MIRA’s 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 establish itself. No further
details could be made available. The company can be considered can be considered for any business
dealings on fully safe and secured terms and conditions. |
LOCATIONS
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Registered Office : |
30-265/50/233 Pragati Nagar, Behind Dr. A S Rao Nagar, ECIL
Secunderabad, Hyderabad – 500062, Andhra Pradesh, India |
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E-Mail : |
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Website : |
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Corporate Office 1: |
Shivanam, H No.2-5-299/12, Manglore, Karnataka, India |
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Corporate Office 2: |
Flat S-1, Priya Apartments, Rajbhavan Road, Somajiguda – 500082,
Hyderabad, India |
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Tel No.: |
91-40-23418236 |
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Fax No.: |
91-40-23418939 |
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Email : |
DIRECTORS
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Name : |
Mr. Dandamudi Raja Sekhar |
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Designation : |
Chairman and Managing Director |
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Address : |
Plot No.233 Pragati Nagar, Behind Dr. A S Rao Nagar, ECIL, Hyderabad –
500062, Andhra Pradesh, India |
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Date of Birth/Age : |
10.08.1966 |
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Name : |
Mrs. D. Lakshmi Prashanthi |
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Designation : |
Director |
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Address : |
Plot No.233 Pragati Nagar, Behind Dr. A S Rao Nagar, ECIL, Hyderabad –
500062, Andhra Pradesh, India |
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Date of Birth/Age : |
12.04.1975 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 03.01.2007)
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Names of Shareholders |
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No. of Shares |
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Mr. D. Raja Sekhar |
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5000 |
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Mrs. D. Lakshmi Prashanthi |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business of contractors, sub-contractors,
quasi-contractors whether for government of for semi-government bodies or corporation
or company or society or body corporate or firms or individuals or schools or
clubs or other bodies or private works and to undertake contracts and sub
contracts relating to construction, modification, repairing, alteration,
removal, redecoration, redesigning, enlarging, improving, and designing of
civil works, buildings for whatever use, roads, streets, circles, squares,
parks, gardens, statues, parking places, bridges, dams, water courses and
reservoirs, tunnels, electrical works, earth works, sewers, tanks, drains,
sewage, light houses, towers, transmission towers, pipelines, underground
cables, railway tracks, railway sidings, runway, shipyards, culverts,
channels whether on turnkey basis or on labour contracts or otherwise. |
GENERAL INFORMATION
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Customers : |
Karnataka Urban Infrastructure Development Project (KUIDFC) Government of Karnataka |
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Bankers : |
Not Available |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
Profile:
Subject is an established Private Limited Company, having
its registered office at Plot NO.233, Pragathi Nagar, A.S.Rao Nagar, ECIL,
Hyderabad-500062 Andhra Pradesh, India and its administrative office at Flat
No.S-1, Priya Apartment, Raj Bhawan Road, Somajiguda, and Hyderabad - 500082.
Andhra Pradesh, India.
Management Team:
Mr. D.
Raja Sekhar,
Chairman
and Managing Director.
Mr. D. Raja Sekhar is a Civil Engineer by profession. He has
about 18 years of experience in the field of Civil Construction and
administration of Civil Engineering Projects. In the year 1996, he has promoted
a firm namely “D.Raja Sekhar Engineers and Contractors” an individual concern
and currently heads the Company in the capacity of the Chairman.
Mrs.
D. Lakshmi Prashanthi,
Director.
Mrs. D. Lakshmi Prashanthi Electrical Engineer by
profession. She is acting as an independent Director in the Company.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.34 |
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UK Pound |
1 |
Rs.79.81 |
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Euro |
1 |
Rs.62.01 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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8 |
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
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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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