MIRA
INFORM REPORT
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Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
TEAM UNIVERSAL INFRATECH PRIVATE LIMITED |
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Registered
Office : |
Plot No. 6, Ground Floor, Mahaveer Techno Park, Hi-Tech City,
Madhapur, Hyderabad-500081, Andhra Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
13.06.2008 |
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Com. Reg. No.: |
01-059642 |
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CIN No.: [Company Identification
No.] |
U45400AP2008PTC059642 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDT03780A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Services to Construction and Infrastructure Industry. |
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 72000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a company having moderate track. Latest financial of the
company are not available with the government departments. Trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. The company can be considered for business dealings with some caution.
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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. 6, Ground Floor, Mahaveer Techno Park, Hi-Tech City,
Madhapur, Hyderabad-500081, Andhra Pradesh, India |
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Tel. No.: |
91-40-23119686/9687/9688 |
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Fax No.: |
91-40-23119689 |
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E-Mail : |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Dammavalam Vemuri Venkateswarlu Udayalakshmi |
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Designation : |
Director |
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Address : |
Flat No. 312, Sundaram, Ramaraja Nagar, Jeedimetla,
Secunderabad-500055, |
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Date of Birth/Age : |
16.01.1958 |
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Date of Appointment : |
13.06.2008 |
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Date of Ceasing: |
02.02.2009 |
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Name : |
Mr. Narender Kumar Agarwal |
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Designation : |
Director |
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Address : |
402, promenade Apartment, kimtee |
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Date of Birth/Age : |
18.01.1934 |
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Date of Appointment : |
13.06.2008 |
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Name : |
Mr. Snajay Agarwal |
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Designation : |
Director |
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Address : |
403, Promenade Apartments, Kimtee Enclave, Road no. 12, Banjara Hills,
Hyderabad-500036, |
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Date of Birth/Age : |
07.04.1964 |
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Date of Appointment : |
13.06.2008 |
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Name : |
Mr. Sunny Yograj Sahni |
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Designation : |
Director |
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Address : |
Alpha -106, Jayabheri Silcon Hi-Tech City, Madhapur, Hyderabad-500050,
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Date of Birth/Age : |
15.02.1963 |
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Date of Appointment : |
13.06.2008 |
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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Snajay Agarwal |
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4000 |
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Narendar Kumar Agarwal |
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2000 |
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Sunny Sahni |
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2000 |
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K Nikhil Kumar |
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2000 |
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Total |
|
10000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
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 : |
Providing Services to Construction and Infrastructure Industry. |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution: |
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Auditors : |
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Name : |
Ramaswamy Koteswararao and Company Chartered Accountant |
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Address : |
Plot No. 238/A, MLA’S Colony, Road No. 12, Banjara Hills, Hyderabad-500034,
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Tel. No.: |
91-40-23394982/23394985/23320277 |
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Fax No.: |
91-40-23430601 |
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E-Mail : |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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|
17.231 |
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3] Reserves & Surplus |
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|
0.805 |
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4] (Accumulated Losses) |
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|
0.000 |
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NETWORTH |
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|
18.136 |
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LOAN FUNDS |
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1] Secured Loans |
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|
4.660 |
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2] Unsecured Loans |
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|
14.017 |
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TOTAL BORROWING |
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18.677 |
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DEFERRED TAX LIABILITIES |
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|
1.002 |
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TOTAL |
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37.815 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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28.930 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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3.900 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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1.491 |
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Sundry Debtors |
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|
7.465 |
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Cash & Bank Balances |
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|
3.941 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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|
4.976 |
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Total
Current Assets |
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17.873 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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|
10.269 |
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Other Current Liabilities |
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2.603 |
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Provisions |
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|
0.263 |
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Total
Current Liabilities |
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13.135 |
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Net Current Assets |
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4.738 |
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MISCELLANEOUS EXPENSES |
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|
0.247 |
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TOTAL |
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37.815 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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|
31.03.2009 |
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SALES |
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Income |
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25.187 |
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Other Income |
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0.070 |
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TOTAL |
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25.257 |
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Less |
EXPENSES |
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Direct Work Expenditure |
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14.974 |
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Indirect Work Expenditure |
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2.929 |
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Administrative Expenses |
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4.878 |
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TOTAL |
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22.781 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
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2.476 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
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|
0.405 |
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PROFIT BEFORE
TAX |
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2.071 |
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Less |
TAX |
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1.266 |
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PROFIT AFTER TAX
|
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0.805 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
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0.000 |
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BALANCE CARRIED
TO THE B/S |
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0.805 |
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Earnings Per
Share (Rs.) |
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|
80.50 |
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KEY RATIOS
|
PARTICULARS |
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|
31.03.2009 |
|
PAT / Total Income |
(%) |
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3.19 |
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Net Profit Margin (PBT/Sales) |
(%) |
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8.22 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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4.42 |
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Return on Investment (ROI) (PBT/Networth) |
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0.11 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.75 |
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Current Ratio (Current Asset/Current Liability) |
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1.36 |
LOCAL AGENCY FURTHER INFORMATION
Note: The registered
office of the company has been shifted from Plot No. 8-2-120/77/5, Cellor Road
No. 2, Banjara Hills, Hyderabad-500034,
Financial Results:
During the year the Company was awarded a contract by
Landcraft Developers Private Limited for a value of Rs.347.086 millions for
construction of residential apartments in and the said project is in progress.
The Company has also been awarded another project from Laing O’Rourke
Construction Private Limited for a value of Rs.46.500 millions for the
construction of ballast less track laying work from Inderlok / Kirti Nagar to
Mundka in BT7 stretch of DMRC in
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U45400AP2008PTC059642 |
|
Name of the
company |
TEAM UNIVERSAL
INFRATECH PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 6, Ground Floor, Mahaveer Techno Park, Hi-Tech City,
Madhapur, Hyderabad-500081, Andhra Pradesh, India |
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Type of charge |
Movable Property (not
being pledge) |
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Particular of
charge holder |
Srei Equipment Finance Private Limited, ‘Vishwakarma’, 86C, |
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Email |
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Nature of description
of the instrument creating or modifying the charge |
Deed of
hypothecation. (lba613). |
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Date of
instrument Creating the charge |
05.01.2011 |
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Amount secured by
the charge |
Rs.4.275 Millions
|
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 13 percent per
annum. Terms of
Repayment Amount repayable
in 34 nos. monthly installment of Rs.0.152 millions each. Margin Rs.1.068 millions
Extent and Operation
of the charge As per Deed of
Hypothecation. |
|
Short particulars
of the property charged |
1 No. Tower
Crane. (Within |
Fixed Assets:
- Scaffolding
- Plant and
Machinery
- Furniture and
Fixtures
- Vehicles
- Office Equipments
- Laboratory
Equipments
AS PER WEBSITE
DETAILS:
INTRODUCTION:
Subject emerged in the year 2007 to provide services to construction and infrastructure industry. They are a team of Exceptional Engineers and Managers, who believe in constantly pushing limits and delighting our clients with our exceptional delivery capabilities and state of the art technology.
Since commencement, they have been handling Commercial,
Residential, Housing, Roads, Railways and each time, they were able to cope-up
with the triple constraints of project management and keep up the delivery
schedules in managing the diversified projects, for they don’t take up services
as just a business, but They
Service with Passion.
Today, the Team Group explores new horizons in infrastructure development, housing, townships, real estate development and turnkey construction services.
It has grouped under flagship of Team Universal with
registered office at
The Team is capable of handling multiple projects, uniquely complex, with passion to excel and deliver, They are on the way to achieve our bold vision of being among top service providers in construction industry within next three-five years.
Quality has been our prime objective all through and it will remain as they believe in long term relation with our clients. Efficient project management professionals and Enterprise Resource Planning (ERP) tools in the right hands help us to keep up the pace while they optimize the utilization of resources and maintain transparency.
The reason that makes us feel proud and stand stringent is our ethics and They think in unison, They plan in unison and therefore the end result is defined by strength and quality, nothing is more important to us than maintaining excellent reputation they have built over past years as individuals and now reinforced with our signature Team- Service with Passion
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.44.38 |
|
|
1 |
Rs.73.87 |
|
Euro |
1 |
Rs.65.83 |
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 |
NO |
|
--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 |
YES |
|
--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.