MIRA INFORM REPORT
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Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
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Name : |
DIVYA ELECTRICAL TRANSFORMERS AND SERVICES PRIVATE LIMITED |
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Registered Office : |
Plot No.28, Panchasheela Colony, Ranga Reddy Nagar, IDA Gandhi Nagar,
Balanagar, Hyderabad – 500037, Andhra Pradesh |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
21.02.2007 |
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Com. Reg. No.: |
01-052865 |
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CIN No.: [Company
Identification No.] |
U40102AP2007PTC052865 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader of Used Transformers, Diesel Generator, Panel Boards, ACB VCB
Breakers, HT Breaker etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B (31) |
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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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Maximum Credit Limit : |
USD 2400 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scales of activities are limited.
Trade relations are fair. Business is active. Payments are reported to be
slow but correct. The company can be considered for small to mediocre 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
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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. Venkata Rama Raju |
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Designation : |
Director |
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Contact No.: |
91-9440422658 |
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Date : |
09.04.2011 |
LOCATIONS
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Registered Office : |
Plot No.28, Panchasheela Colony, Ranga Reddy Nagar, IDA Gandhi Nagar, Balanagar,
Hyderabad – 500037, Andhra Pradesh, India |
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Tel. No.: |
91-40-23073630 / 23053138/ 23073630 |
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Mobile No.: |
91-9440422658 ( |
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Fax No.: |
91-40-23073630 |
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E-Mail : |
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Website : |
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Area : |
2500 sq.ft. |
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Location : |
Owned |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Pathapati Venkata Rama Raju |
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Designation : |
Director |
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Address : |
Plot No.29, HIG-29, Balagi Nagar, Kukatpally, |
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Date of Birth/Age : |
25.03.1970 |
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Date of Appointment : |
21.02.2007 |
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DIN : |
01964152 |
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Name : |
Mrs. Pathipati Jyothi |
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Designation : |
Director |
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Address : |
Plot No.29, HIG-29, Balagi Nagar, Kukatpally, |
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Date of Birth/Age : |
31.08.1975 |
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Date of Appointment : |
21.02.2007 |
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DIN : |
02183297 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
No. of Shares |
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Pathipati Venkata Ram Raju |
9000 |
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Pathipati Jyothi |
1000 |
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Total |
10000 |
As on 30.09.2010
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Category |
Percentage |
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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 of Used Transformers, Diesel Generator, Panel Boards, ACB VCB Breakers,
HT Breaker etc. |
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Services : |
·
Transformers Repair and
Servicing ·
Transformer Oil
Filtration (up to 16 MVA 132 KV Class) ·
Transformer Hire ·
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Terms : |
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Selling : |
Credit (30 days/ 60 days/ 90 days) |
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Purchasing : |
Credit (30 days/ 60 days/ 90 days) |
GENERAL INFORMATION
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Customers : |
Wholesaler and Retailer |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
Canara Bank, Vivekananda Nagar Branch, Kukatpally, |
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Facilities : |
Secured Loan – Rs.0.850 million
(As on 31.03.2010) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P. Mohanrao and Company Chartered Accountant |
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Address : |
Flat no.403, |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
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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10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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As on 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
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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10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Share Application Money |
|
Rs.0.049 million |
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Total |
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Rs.0.149 million |
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 |
0.149 |
0.149 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.011 |
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3] Reserves & Surplus |
0.465 |
0.107 |
0.020 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.614 |
0.256 |
0.131 |
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LOAN FUNDS |
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1] Secured Loans |
0.850 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.850 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1.464 |
0.256 |
0.131 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.004 |
0.004 |
0.005 |
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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 |
1.962
|
1.235 |
0.925 |
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Sundry Debtors |
1.763
|
0.387 |
0.092 |
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Cash & Bank Balances |
0.993
|
0.348 |
0.118 |
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Other Current Assets |
0.138
|
0.042 |
0.000 |
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Loans & Advances |
0.920
|
0.020 |
0.010 |
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Total
Current Assets |
5.776
|
2.032 |
1.145 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
2.129
|
0.782 |
0.000 |
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Other Current Liabilities |
1.876
|
0.946 |
0.981 |
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Provisions |
0.311
|
0.052 |
0.038 |
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Total
Current Liabilities |
4.316
|
1.780 |
1.019 |
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Net Current Assets |
1.460
|
0.252 |
0.126 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1.464 |
0.256 |
0.131 |
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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 |
11.754 |
2.758 |
0.772 |
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Other Income |
0.000 |
0.000 |
0.000 |
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TOTAL (A) |
11.754 |
2.758 |
0.772 |
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Less |
EXPENSES |
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Material Consumed |
8.375 |
1.718 |
0.121 |
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Salaries and Wages |
1.249 |
0.495 |
0.000 |
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Operative and Administrative Expenses |
1.598 |
0.437 |
0.577 |
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Preliminary Charges Written off |
0.000 |
0.000 |
0.030 |
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TOTAL (B) |
11.222 |
2.650 |
0.728 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.532 |
0.108 |
0.044 |
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Less |
FINANCIAL
EXPENSES (D) |
0.013 |
0.009 |
0.007 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.519 |
0.099 |
0.037 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.001 |
0.001 |
0.001 |
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PROFIT BEFORE
TAX (E-F) (G) |
0.518 |
0.098 |
0.036 |
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Less |
TAX (I) |
0.160 |
0.031 |
0.016 |
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PROFIT AFTER TAX
(G-I) (J) |
0.358 |
0.067 |
0.020 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.107 |
0.020 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
0.465 |
0.087 |
0.020 |
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Expected Sales
(2010-2011): Rs.13.000 Millions
KEY RATIOS
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
3.05
|
2.43 |
2.59 |
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Net Profit Margin (PBT/Sales) |
(%) |
4.41
|
3.55 |
4.66 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
8.96
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4.81 |
3.13 |
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Return on Investment (ROI) (PBT/Networth) |
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0.84
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0.38 |
0.27 |
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Debt Equity Ratio (Total Liability/Networth) |
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8.41
|
6.95 |
7.78 |
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Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.14 |
1.12 |
LOCAL AGENCY FURTHER INFORMATION
Note : Registered office address of the company has
been shifted from HIG – 29, Balaji Nagar, Kukatpally,
TRADE REFERENCES
·
Sai Krupa Enterprises
Bankers Charges
Report as per Registry
|
Corporate identity
number of the company |
U40102AP2007PTC052865 |
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Name of the
company |
Divya Electrical
Transformers and Services Private Limited |
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Address of the
registered office or of the principal place of business in |
Hig-29,Balagi
Nagar, Kukatpally, |
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This form is for |
Creation
of Charge |
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Type of charge |
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Particular of
charge holder |
Canara Bank, Vivekananda Nagar Branch, Kukatpally, Email : hyd2486@canbank.co.in
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Nature of
instrument creating charge |
1. Cash Credit
Agreement 2. Request for Overdraft
Facilities 3. Pronote |
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Date of
instrument Creating the charge |
20.03.2010 |
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Amount secured by
the charge |
Rs.1.700 million |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- Rate of Interest @ 12% (Floating) Terms of
Repayment - As per Bank Norms Margin - 25%
Minimum Extent and
Operation of the charge - Hypothecation of stock and receivables |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Collateral
Security : EMT of Flat No. G-2, Om Sree Sai Residency on Plot No. 71/MIG II
in Sy No. 145 and 146, Block 5, Chintal, Hyderabad., in the name of Smt. P
Jyothi one of the Director of Company. |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
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|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
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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 |
4 |
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--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
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--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 |
|
31 |
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.