MIRA INFORM REPORT
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Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Name : |
Y V R MEDIVISION PRIVATE LIMITED
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Registered
Office : |
Plot No 8, Seethanilayam, Vivekananda Nagar, Kukatpally, |
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Country : |
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Date of
Incorporation : |
24.12.2009 |
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Com. Reg. No.: |
01-066468 |
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CIN No.: [Company Identification
No.] |
U24232AP2009PTC066468 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business
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Manufacture, Exporter, Supply and Distributor of wide range of
surgical Gowns, Shoe Covers, Bouffant Cap, Face Mask, HIV Kit etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
New company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company and yet to established itself
gradually. Trade relations are fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealings on a secured 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
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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 |
INFORMATION PARTED BY
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Name : |
Mr. Venkateswara Reddy Yerika Reddy |
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Designation : |
Director |
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Contact No.: |
91-9951287666 |
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Date : |
06.04.2011 |
LOCATIONS
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Registered Office : |
Plot No 8, Seethanilayam, Vivekananda Nagar, Kukatpally, |
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Tel. No.: |
91-40-23073462 |
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Mobile No.: |
91-9052688666/9951287666 (Mr. Venkateswara Reddy Yerika Reddy) |
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E-Mail : |
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Work Office: |
Plot no. 19, 1st Floor, IDA, Balanagar, |
DIRECTORS
AS ON 24.12.2009
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Name : |
Mr. Venkateswara Reddy Yerika Reddy |
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Designation : |
Director |
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Address : |
Plot 8, Seethanilayam, Vivekanandanagar, Kukatpally, |
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Date of Birth/Age : |
06.01.1980 |
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Qualification : |
MSC |
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Experience : |
5 Years |
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Name : |
Mr. Usha Jala |
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Designation : |
Director |
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Address : |
7-2-21/6, Saraswathi Nagar, Miryalaguda, Nalgonda – 508207, |
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Date of Birth/Age : |
11.06.1976 |
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Qualification : |
Graduate |
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Experience : |
5 Years |
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Name : |
Mr. K. R. Kishore |
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Designation : |
Director |
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Date of Birth/Age : |
31 Years |
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Qualification : |
Graduate |
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Name : |
Mr. Rajesh Reddy |
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Designation : |
Director |
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Date of Birth/Age : |
35 Years |
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Qualification : |
MSC |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.12.2009
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Names of Shareholders |
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No. of Shares |
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Mr. Venkateswara Reddy Yerika Reddy |
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3334 |
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Mr. Kammari Arun Kishore |
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3333 |
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Mr. Vuppala Rajesh Reddy |
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1667 |
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Mr. Jala Usha |
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1666 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacture, Exporter, Supply and Distributor of wide range of
surgical Gowns, Shoe Covers, Bouffant Cap, Face Mask, HIV Kit etc. |
GENERAL INFORMATION
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Bankers : |
Andhra Bank, R C Puram Branch, R C Puram, |
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Facilities : |
--- |
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Banking
Relations : |
--- |
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Auditors : |
Mr. M. N. Reddy |
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Address: |
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Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
AS ON 24.12.2009
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000Millions |
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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.
1.000Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
Expected Sales
(2010-2011) : Rs.10.099 Millions
LOCAL AGENCY FURTHER INFORMATION
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Corporate
identity number of the company |
U24232AP2009PTC066468 |
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Name of the
company |
Y V R MEDIVISION
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Plot No.8,
Seethanilayam, Vivekananda Nagar Kukatpally |
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This form is for |
Creation of
charge |
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Type of charge |
Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
Andhra Bank, R C
Puram Branch, R C Puram, |
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Nature of instrument
creating charge |
1. Letter of
sanction for Open Cash Credit & Term Loan dated 31.03.2010 2. Composite
Agreement dated 12.04.2010 |
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Date of
instrument Creating the charge |
12.04.2010 |
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Amount secured by
the charge |
7.500 Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest: 1. On OCC : BMPLR-0.50%. Present rate of interest is
11.50% 2. On Term
Loan : BMPLR-0.50%+0.25%. Present rate
of interest is 11.75% Terms of Repayment: 1. Open Cash Credit : One year 2. Term
Loan: Repayable in 78 Monthly
installments with six months holiday Margin: 1. Cash Credit - 25% on Inventory and 50% on book debts less than 90
days. 2. Term Loan - 44% on Machinery Cost. Extent and Operation of the charge: A) Open Cash Credit of Rs. 3.500 Millions
. Prime security is on stock and receivables. B)Term Loan of
Rs. 4.000 Millions. Prime Security is Hypothecation of machinery. |
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Short particulars
of the property charged |
Prime security is
on Stock, book debts & Machinery situated at Plot No.17, First Floor,
IDA, Balanagar, and Hyderabad-500037. |
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 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.44.22 |
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1 |
Rs.71.97 |
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Euro |
1 |
Rs.63.23 |
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 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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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 |
2 |
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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 |
YES |
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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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26 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.