MIRA INFORM REPORT
|
Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
PAMIDI RSB BUILD-TECH PRIVATE LIMITED |
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Registered
Office : |
Plot No.34, Cyber Meadows, Maseedbanda-Kondapur, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
06.06.2007 |
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Com. Reg. No.: |
01-054320 |
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CIN No.: [Company Identification
No.] |
U45200AP2007PTC054320 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDPO5221G |
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PAN No.: [Permanent Account No.] |
AAAEC4555A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction Activity |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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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 16000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. It’s scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments
are reported to be slow. The company can be considered for small to mediocre business dealings
with some caution. |
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 : |
Plot No.34, Cyber Meadows, Maseedbanda-Kondapur, |
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Tel. No.: |
91-40-64558822/ 42022135 |
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E-Mail : |
DIRECTORS
As on 12.08.2010
|
Name : |
Mr. Raghurama Rao Pamidi |
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Designation : |
Director |
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Address : |
APT-G2, Reliance Homes, H.No.8-2-547/ R, Road No.7, Banjara Hills, |
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Date of Birth/Age : |
16.01.1966 |
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Date of Appointment : |
06.06.2007 |
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DIN No.: |
01664277 |
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Other Directorship : |
CIN of company: U45209AP2002PTC038401 Name of the company: Xeno Five Constructions and Projects Private
Limited Designation: Director CIN of company: L67120AP1995PLC019200 Name of the company: Nihar Info Global Limited Designation: Director CIN of company: U45200AP2006PTC050624 Name of the company: Element9 Infrastructures Private Limited Designation: Director CIN of company: U45200AP2007PTC052648 Name of the company: Space9 Infracon and Developers Private Limited Designation: Director |
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Name : |
Ms. Sharmila Pamidi |
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Designation : |
Director |
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Address : |
8-2-547/ R, Road No.7, Banjara Hills, |
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Date of Birth/Age : |
10.08.1967 |
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Date of Appointment : |
06.06.2007 |
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DIN No.: |
01675229 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.08.2010
|
Names of Shareholders |
|
No. of Shares |
|
Raghurama Rao Pamidi |
|
8000 |
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Sharmila Pamidi |
|
2000 |
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Total
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|
10000 |
As on 16.12.2010
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Names of Allottees |
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No. of Shares |
|
Raghurama Rao Pamidi |
|
201400 |
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Sharmila Pamidi |
|
98900 |
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Total
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|
300300 |
As on 12.08.2010
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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 |
BUSINESS DETAILS
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Line of Business : |
Construction Activity |
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GENERAL INFORMATION
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Bankers : |
Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sarath and Associates Chartered Accountants |
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Address : |
102, Gowri Apartments, |
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Tel. No.: |
91-40-23224322/ 23227090 |
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Fax No.: |
91-40-23220716 |
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E-Mail: |
CAPITAL STRUCTURE
As on 12.08.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
310300 |
Equity Shares |
Rs.10/- each |
Rs.3.103 millions |
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As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
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 |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
3.853 |
3.370 |
4.149 |
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3] Reserves & Surplus |
0.138 |
0.006 |
0.003 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.091 |
3.476 |
4.252 |
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LOAN FUNDS |
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1] Secured Loans |
2.025 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
2.025 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.006 |
0.005 |
0.004 |
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TOTAL |
6.122 |
3.481 |
4.256 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.067 |
0.036 |
0.042 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
4.060 |
4.060 |
4.060 |
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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 |
1.239
|
0.000 |
0.000 |
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Sundry Debtors |
3.999
|
0.000 |
0.000 |
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Cash & Bank Balances |
0.052
|
0.051 |
0.085 |
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Other Current Assets |
0.218
|
0.000 |
0.000 |
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Loans & Advances |
0.025
|
0.025 |
0.000 |
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Total
Current Assets |
5.533
|
0.076 |
0.085 |
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|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
2.772
|
0.000 |
0.000 |
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Other Current Liabilities |
0.771
|
0.777 |
0.039 |
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Provisions |
0.060
|
0.001 |
0.001 |
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Total
Current Liabilities |
3.603
|
0.778 |
0.040 |
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|
Net Current Assets |
1.930
|
(0.702) |
0.045 |
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MISCELLANEOUS EXPENSES |
0.065 |
0.087 |
0.109 |
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TOTAL |
6.122 |
3.481 |
4.256 |
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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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Sales |
6.492 |
0.799 |
0.000 |
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Service Charges Received |
0.594 |
0.350 |
0.805 |
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|
Professional Consultancy Charges Received |
0.168 |
0.000 |
0.000 |
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Closing Stock |
1.239 |
0.000 |
0.000 |
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TOTAL (A) |
8.493 |
1.149 |
0.805 |
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Less |
EXPENSES |
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Purchases |
6.825 |
0.000 |
0.000 |
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Personnel Cost / Administrative Expenses |
1.408 |
1.116 |
0.791 |
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|
Preliminary Expenses w/off |
0.022 |
0.022 |
0.000 |
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TOTAL (B) |
8.255 |
1.138 |
0.791 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.238 |
0.011 |
0.014 |
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Less |
FINANCIAL
EXPENSES (D) |
0.040 |
0.001 |
0.001 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.198 |
0.010 |
0.013 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.004 |
0.006 |
0.005 |
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PROFIT BEFORE
TAX (E-F) (G) |
0.194 |
0.004 |
0.008 |
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Less |
TAX (H) |
0.061 |
0.001 |
0.005 |
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PROFIT AFTER TAX
(G-H) (I) |
0.133 |
0.003 |
0.003 |
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Earnings Per
Share (Rs.) |
13.30 |
0.30 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.57
|
0.26 |
0.37 |
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Net Profit Margin (PBT/Sales) |
(%) |
2.99
|
0.50 |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.46
|
3.60 |
6.30 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.00 |
0.00 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.38
|
0.22 |
0.01 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.54
|
0.10 |
2.13 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from APT- G2, Reliance
Homes, H.No.8-2-547/R, Road No: 7, Banjara Hills, Hyderabad — 500 034, Andhra
Pradesh to the present address w.e.f. 20.07.2009.
FINANCIAL RESULTS:
During the year the Net Profit of Rs.0.193 million.
The Company will do better in the near future.
FORM 8:
|
Corporate
identity number of the company |
U45200AP2007PTC054320 |
|
Name of the
company |
PAMIDI RSB BUILD-TECH PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.34, Cyber Meadows,
Maseedbanda-Kondapur, E-Mail: spraghu@qmaiI.com |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10204911 |
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Type of charge |
Book Debts Movable Property |
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Particular of
charge holder |
Bank of E-Mail: jubiIee@bankofbaroda.com |
|
Nature of
description of the instrument creating or modifying the charge |
Composite
hypothecation agreement for stocks/book debts/vehicles/movable machinery |
|
Date of instrument
Creating the charge |
12/10/2010 |
|
Amount secured by
the charge |
Rs.4.000 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 5.50% over base rate
with monthly rests. presently 14.00% Terms of
Repayment: 12 months Margin: 25.00% Extent and
Operation of the charge: Equitable
mortgage of house property situated at Flat No.201, Xenosummit, Jaihind
Enclave, Madhapur, |
|
Short particulars
of the property charged |
|
|
Date of latest
modification prior to the present modification |
Equitable mortgage
of house property situated at Flat No.201, Xenosummit, Jaihind Enclave,
Madhapur, Hypothecation of
Stocks and Book Debts. |
|
Particulars of
the present modification |
Increased cash
credit limit from Rs.2.400 millions to Rs.4.000 millions. |
|
Corporate
identity number of the company |
U45200AP2007PTC054320 |
|
Name of the
company |
PAMIDI RSB BUILD-TECH PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.34, Cyber Meadows,
Maseedbanda-Kondapur, E-Mail: spraghu@qmaiI.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable Property Book Debts Movable Property |
|
Particular of
charge holder |
Bank of E-Mail: jubiIee@bankofbaroda.com |
|
Nature of
description of the instrument creating or modifying the charge |
Composite hypothecation agreement for
stocks/book debts/vehicles/movable machinery |
|
Date of
instrument Creating the charge |
15.01.2010 |
|
Amount secured by
the charge |
Rs.2.400 millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
BPLR i.e. presently 12.00% p.a. with monthly
rests Terms of
Repayment: 12 months Margin: 25.00% Extent and
Operation of the charge: Equitable mortgage of house property
situated at Flat No.201, Xenosummit, Jaihind Enclave, Madhapur, |
|
Short particulars
of the property charged |
Equitable mortgage of house property
situated at Flat No.201, Xenosummit, Jaihind Enclave, Madhapur, Hypothecation of stocks and book debts |
FIXED ASSETS:
·
Furniture and Fixtures
·
Computer
·
Two Wheeler
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 |
|
|
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 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
|
|
--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 |
|
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 |
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.