MIRA
INFORM REPORT
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Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
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Name : |
GREAT SPORTS INFRA PRIVATE LIMITED (w.e.f.01.04.2009) |
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Formerly Known As : |
SURAVARAM MARKETING PRIVATE LIMITED |
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Registered Office : |
Flat No. 101, 1-10-68/4, Plot No. 52, Street No. 2, Chikoti Gardens,
Begumpet, Hyderabad-500016, Andhra Pradesh |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
14.06.2004 |
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Com. Reg. No.: |
01-043476 |
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CIN No.: [Company
Identification No.] |
U52520AP2004PTC043476 |
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IEC No.: |
0904010368 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDS09730A |
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PAN No.: [Permanent
Account No.] |
AAICS3010R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader and Importer of Installation of Artificial Grass and Sport
Surfaces. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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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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Maximum Credit Limit : |
USD 110000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are fair. Business is active. Payments are reported to be usually correct
and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
Flat No. 101, 1-10-68/4, Plot No. 52, Street No. 2, Chikoti Gardens,
Begumpet, Hyderabad-500016, Andhra Pradesh, India |
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Tel. No.: |
91-40-27764900 / 5000 |
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Mobile No.: |
91-9849046060 (Anil Kumar) |
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Fax No.: |
91-40-27764900 |
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E-Mail : |
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Website : |
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Area : |
400 sq. ft. |
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Administrate Office : |
302, Vintage Boulvard, Raj |
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Tel. No.: |
91-40-66844900 |
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Fax No.: |
91-40-23304900 |
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E-Mail : |
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Area : |
600 sq. ft.(Rented) |
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Goodown : |
Kushaiguda, Andhra Pradesh |
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Area : |
4000 sq. ft. (Rented) |
DIRECTORS
As On : 25.09.2009
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Name : |
Mr. Suravarm Anil Kumar |
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Designation : |
Managing Director |
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Address : |
302, Street No.3, Padmarao Nagar, Secunderabad–500025, Andhra Pradesh,
India |
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Date of Birth/Age : |
09.03.1969 |
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Qualification : |
B. E. , MBA |
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Date of Appointment : |
14.06.2004 |
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DIN No : |
00045478 |
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Name : |
Ms. Sujata Reddy |
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Designation : |
Director |
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Address : |
Secunderabad, Andhra Pradesh, India |
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Date of Birth/Age : |
27.10.1967 |
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Qualification : |
B. E. |
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Date of Appointment : |
14.06.2004 |
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DIN No : |
00045466 |
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Name : |
Mr. Vikram Muratee |
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Designation : |
Director |
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Address: |
Flat No. 304, Plot No. 302, Orchid Homas, Road No.78, Jublee Hills,
Hyderabad-500033, Andhra Pradesh, India |
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Date of Birth/ Age: |
27.07.1966 |
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Qualification : |
B. E. |
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Date of Appointment: |
03.10.2005 |
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DIN No : |
00525595 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Anil Kumar S |
|
429558 |
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Sujatha S |
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133000 |
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Edgar Luke Mascarenhas and Michella Fleur |
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26139 |
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Kesar V Muratee |
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74740 |
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Sudhir S |
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11291 |
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Jyothi S |
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22583 |
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|
22583 |
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Venkat, |
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25292 |
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Vivek Hebbar |
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25292 |
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Kirtana Ramarapu |
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50754 |
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Anil Koripelly |
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75674 |
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Naresh Raghavan, C |
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22500 |
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John Ayyachamy |
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49377 |
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Chetan Naik |
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25767 |
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Rupesh Tikku |
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1700 |
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Sreedhar Reddy G |
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2000 |
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Ch. Saratchandra Rao |
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500 |
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M. Vasudeva Rao |
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500 |
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B |
|
750 |
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Total |
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1000000 |
AS ON 30.09.2010
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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 |
|
100.00 |
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Total
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Installation of Artificial Grass and Sport
Surfaces. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
14 (Approximately) |
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Bankers : |
Not Divulged |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Indiabulls Housing Finance Limited, F-60, Malhotra Building, 2nd
Floor, Connaught Place, New Delhi-110001, Delhi, India |
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Auditors : |
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Name : |
Vasanth Pai and Company Chartered Accountants |
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Address : |
5-4-786, 2nd Floor, Abids,
Hyderabad-500001, |
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Tel. No.: |
91-40-24655217 |
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Mobile No.: |
91-9849298509 |
CAPITAL STRUCTURE
As On : 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.000 |
10.000 |
9.664 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
18.742 |
12.981 |
7.978 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
28.742 |
22.981 |
17.642 |
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LOAN FUNDS |
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1] Secured Loans |
1.665 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
1.665 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
30.407 |
22.981 |
17.642 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.834 |
1.840 |
1.134 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
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 |
3.360
|
4.750
|
6.646
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Sundry Debtors |
13.115
|
8.369
|
7.260
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Cash & Bank Balances |
4.756
|
5.293
|
0.596
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Other Current Assets |
0.000
|
0.000
|
0.000
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Loans & Advances |
7.068
|
7.185
|
4.954
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Total
Current Assets |
28.299
|
25.597 |
19.456 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
1.332
|
0.627 |
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Other Current Liabilities |
1.394
|
3.829
|
3.060
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Provisions |
0.000
|
0.000 |
0.000 |
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Total
Current Liabilities |
2.726
|
4.456
|
3.060
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Net Current Assets |
25.573
|
21.141
|
16.396
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.112 |
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TOTAL |
30.407 |
22.981 |
17.642 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
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Other Income |
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TOTAL |
56.227 |
34.129 |
34.477 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
47.499 |
27.003 |
29.387 |
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Financial Expenses |
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Depreciation |
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TOTAL |
47.499 |
27.003 |
29.387 |
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PROFIT BEFORE
TAX |
8.728 |
7.126 |
5.090 |
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Less |
TAX |
2.947 |
2.124 |
1.645 |
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PROFIT AFTER TAX
|
5.781 |
5.002 |
3.445 |
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EARNINGS IN FOREIGN
CURRENCY |
0.056 |
0.000 |
0.254 |
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Earnings Per
Share (Rs.) |
5.72 |
5.00 |
3.56 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
10.28
|
14.66 |
9.99 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
26.34
|
25.97 |
24.72 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.31 |
0.29 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.15
|
0.19 |
0.17 |
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Current Ratio (Current Asset/Current Liability) |
|
10.38
|
5.74 |
6.36 |
LOCAL AGENCY FURTHER INFORMATION
Note : The Register
office of the company has been shifted from 6-1-119/14 (302), Padmarao Nagar, Street
No. 3., Secunderabad, Andhra Pradesh, India to present address w.e.f.
16.03.2009
FORM 8
|
Corporate
identity number of the company |
U52520AP2004PTC043476 |
|
Name of the
company |
Great
Sports Infra Private Limited |
|
Address of the registered
office or of the principal place of
business in |
Flat No. 101, 1-10-68/4, Plot No. 52, Street No. 2, Chikoti Gardens,
Begumpet, Hyderabad-500016, Andhra Pradesh, India |
|
This form is for |
Creation of charge |
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Type of charge |
Immovable property |
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Particular of
charge holder |
Indiabulls Housing Finance Limited, F-60, Malhotra Building, 2nd
Floor, Connaught Place, New Delhi-110001, Delhi, India |
|
Nature of
instrument creating charge |
Loan
agreement dated 25th July 2009 for Loan against property executed between
Indiabulls Housing Finance Limited (lender) and M/s Great Sports Infra
Private Limited , Mr. S. Anil Kumar, Mrs. S. Sujatha Ready, Mr. Vikram
Muratee (Co - Borrowers). |
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Date of
instrument Creating the charge |
25.07.2009 |
|
Amount secured by
the charge |
Rs. 2.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Lender's
PLR (Presently being 18.25) - 5.25 % = 13 % p.a. (Floating rate of interest)
for loan amount of 20,00,000/- Terms of
repayment 36
Equated monthly Installments of Rs. 0.067 million (For loan Agreement of
Rs.2.000 millions) starting wef. 01.09.2009 No
prepayment within 6 months of commencement of EMIs. Extent and
operation of the charge First
and exclusive charge over the mortgaged property to secure loan amount Along
with all other dues payable by borrowers. The loan shall in all circumstances
Rank superior to any subsequent mortgage/ charge on the mortgaged property. Other The
borrowers shall not transfer, lease out, assign, dispose off or other wise
part with the mortgaged property or any part thereof without the prior written
consent of the lender. Other terms and conditions as per loan agreement. |
|
Short particulars
of the property charged (Including location of the property) |
Flat
No 101, First Floor, H.No: 1-10-68/4, Plot no. 52, Sy No. 26, 30,39 and 40,
Chikoti Gardens, Begumpet, Hyderabad. |
Fixed Assets:
Plant and Machinery:
·
Angle Brush
·
Carpet Clamps
·
Clipper
·
Drop Spedder
·
Groomer
·
Sweepstar
·
Power Broom
·
Fire Extinguisher
·
Roller
·
Air Conditioner
·
Turf Brushing Machine
·
Manual Sweeper
Furniture and Fixture:
·
Furniture and Fixture
·
Water Cooler
·
Exhibition Display Stand
·
Air Cooler
·
Cell Phone
Office Equipments:
·
Computer
·
Computer Software
·
UPS
Vehicles:
·
Car
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 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.44.45 |
|
|
1 |
Rs.71.59 |
|
Euro |
1 |
Rs.63.01 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.