MIRA
INFORM REPORT
|
Report Date : |
03.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL ENVIRO AIR SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
Survey No. 163/A, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
18.10.2007 |
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Com. Reg. No.: |
01-56001 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 millions |
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CIN No.: [Company Identification
No.] |
U31900AP2007PTC056001 |
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IEC No.: |
0908008783 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDG05852A |
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PAN No.: [Permanent Account No.] |
AACCG9635J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Pollution Control Equipments. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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. The
company is progressing well. Trade relations are reported as 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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
|
Registered Office/Factory : |
Survey No. 163/A, |
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Tel. No.: |
91-8418-257265 |
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Fax No.: |
91-8418-257265 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Office : |
Survey No. 169, |
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Tel. No.: |
91-8418-257265 |
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Fax No.: |
91-8418-257265 |
|
Location : |
Leased |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Konda Srirami Reddy |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 101, Jaya Residency, Venkatram Nagar, Suraram X Roads,
Jeedimetla, Hyderabad – 500 055, Andhra Pradesh, India |
|
Date of Birth/Age : |
15.05.1976 |
|
Qualification : |
Diploma |
|
Experience : |
13 Years |
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Date of Appointment : |
18.10.2007 |
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DIN No.: |
01527521 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U31900AP2007PTC056001 |
Global Enviro
Air Systems Private Limited |
Managing
director |
17/07/2008 |
18/10/2007 |
Active |
NO |
|
2 |
U52300AP2010PTC068105 |
Advanced Techpro
Services Private Limited |
Director |
26/04/2010 |
26/04/2010 |
Active |
NO |
|
3 |
U29253AP2010PTC069584 |
Global Conveyor
Technologies Private Limited |
Managing
director |
25/09/2010 |
21/07/2010 |
Active |
NO |
|
4 |
U24239AP2001PTC036792 |
Suravinda Rocks
And Chemicals Private Limited |
Director |
1/11/2011 |
1/11/2011 |
Active |
NO |
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|
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Name : |
Mr. Velamala Ramana Murthy |
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Designation : |
Director |
|
Address : |
Plot No. G1, Jaya Residency, Suraram X Road, Jeedimetla, |
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Date of Birth/Age : |
11.06.1963 |
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Qualification : |
B. Tech |
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Experience : |
13 Years |
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Date of Appointment : |
02.11.2009 |
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DIN No.: |
02720973 |
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Name : |
Mrs. Konda Sarada |
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Designation : |
Director |
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Address : |
Flat No. 101, Jaya Residency, Venkatram Nagar, Suraram X Roads,
Jeedimetla, Hyderabad – 500 055, Andhra Pradesh, India |
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Date of Birth/Age : |
30.08.1978 |
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Qualification : |
B.Com |
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Experience : |
10 Years |
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Date of Appointment : |
18.10.2007 |
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DIN No.: |
01572397 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting status |
|
1 |
U31900AP2007PTC056001 |
Global Enviro
Air Systems Private Limited |
Director |
18/10/2007 |
18/10/2007 |
Active |
NO |
|
2 |
U29253AP2010PTC069584 |
Global Conveyor
Technologies Private Limited |
Director |
21/07/2010 |
21/07/2010 |
Active |
NO |
|
3 |
U24239AP2001PTC036792 |
Suravinda Rocks
And Chemicals Private Limited |
Director |
1/11/2011 |
1/11/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Konda Srirami Reddy |
|
567500 |
|
Konda Sarada |
|
197200 |
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Konda Chinnapa Reddy |
|
116400 |
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Konda Malleswaramma |
|
68900 |
|
Velamala Ramana Murthy |
|
50000 |
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Total |
|
1000000 |
List of Allottees (As on 10.10.2011)
|
Names of Equity Allottees |
|
No. of Shares |
|
Konda Srirami Reddy |
|
618700 |
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Konda Sarada |
|
123200 |
|
Velamala Ramana Murthy |
|
19200 |
|
Konda Chinnapa Reddy |
|
2500 |
|
Konda Malleswaramma |
|
12500 |
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Total |
|
776100 |
As on 30.09.2011
|
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
|
Line of Business : |
Manufacturer of Pollution Control Equipments. |
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Exports : |
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Products : |
Pulsejet Bag Filter Fumes Extration and System |
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Countries : |
·
·
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Imports : |
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Countries : |
·
·
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
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Customers : |
End Users ·
Dust Extraction Systems ·
Cement Industries ·
Bulk Drugs and Pharmaceutical ·
Engineering Industries ·
Sri Raghavendra Ferro Alloys Limited ·
IJM Concrete Products (Private) Limited ·
Dr. Reddy’s Laboratories Limited |
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of Shpur Nagar Branch, ·
IDBI Bank Limited ·
Kotak Mahindra Bank ·
HDFC Bank ·
ABN Amro Bank ·
Barclays Bank ·
ING Vysya Bank Limited ·
Standard Chartered Bank ·
ICICI Bank Limited ·
Kranthi Co-Operative Bank Limited |
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Facilities : |
State Bank of
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A.S.R.V. Prasad and Company Chartered Accountants |
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Address : |
8-3-191/136, Plot No. 188/6, SR Nagar, Vengalrao Nagar, |
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Tel. No.: |
91-40-23818156 |
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Mobile No.: |
91-9391669854 |
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E-Mail : |
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Sister Concerns : |
·
Global Technologies Address : Survey No. 303, Rami Reddy
Nagar, Jeedimetla, Line of Business : Material Handling
Equipment and Cranes ·
Global Impex Address : Plot No. 39/B, Subhash Nagar,
I.D.A. Jeedimetla, Line of Business : Trading of Plasma Cutting
Machines |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1776100 |
Equity Shares |
Rs.10/- each |
Rs.17.761 millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
(Out of which 312278 equity shares issued for
consideration other than cash)
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
6.089 |
|
|
2] Share Application Money |
2.900 |
1.245 |
0.925 |
|
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3] Reserves & Surplus |
14.137 |
7.253 |
2.726 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
27.037 |
18.498 |
9.740 |
|
|
LOAN FUNDS |
|
|
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|
1] Secured Loans |
22.461 |
10.968 |
2.037 |
|
|
2] Unsecured Loans |
1.210 |
5.226 |
9.730 |
|
|
TOTAL BORROWING |
23.671 |
16.194 |
11.767 |
|
|
DEFERRED TAX LIABILITIES |
0.296 |
0.223 |
0.033 |
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|
|
|
|
|
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TOTAL |
51.004 |
34.915 |
21.540 |
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
24.326 |
19.343 |
5.891 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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INVESTMENT |
0.015 |
0.015 |
0.015 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
41.474
|
16.799 |
9.074 |
|
|
Sundry Debtors |
30.806
|
35.683 |
19.349 |
|
|
Cash & Bank Balances |
0.733
|
0.183 |
0.106 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
9.813
|
6.290 |
3.986 |
|
Total
Current Assets |
82.826
|
58.955 |
32.515 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
42.400
|
34.243 |
9.467 |
|
|
Other Current Liabilities |
9.330
|
6.809 |
5.441 |
|
|
Provisions |
4.507
|
2.457 |
2.121 |
|
Total
Current Liabilities |
56.237
|
43.509 |
17.029 |
|
|
Net Current Assets |
26.589
|
15.446 |
15.486 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.074 |
0.111 |
0.148 |
|
|
|
|
|
|
|
|
TOTAL |
51.004 |
34.915 |
21.540 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
197.430 |
124.329 |
80.341 |
|
|
|
Other Income |
0.027 |
0.187 |
0.013 |
|
|
|
TOTAL (A) |
197.457 |
124.516 |
80.354 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumption |
144.494 |
88.149 |
58.831 |
|
|
|
Manufacturing Expenses |
38.262 |
16.789 |
15.959 |
|
|
|
Salaries and Benefits to Staff |
5.799 |
3.672 |
2.203 |
|
|
|
Administrative Expenses |
6.068 |
2.633 |
1.492 |
|
|
|
Director’s Remuneration |
2.700 |
2.050 |
1.350 |
|
|
|
Preliminary Expenses W/off |
0.037 |
0.037 |
0.037 |
|
|
|
Increase / Decrease in stock |
(17.387) |
0.515 |
(6.392) |
|
|
|
TOTAL (B) |
179.973 |
113.845 |
73.480 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.484 |
10.671 |
6.874 |
|
|
|
|
|
|
|
|
|
Less |
BANK INTEREST
AND FINANCIAL CHARGES (D) |
3.316 |
2.657 |
1.563 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.168 |
8.014 |
5.311 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.704 |
0.839 |
0.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.464 |
7.175 |
4.611 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.995 |
2.290 |
1.512 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.469 |
4.885 |
3.099 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.253 |
2.726 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.500 |
0.306 |
0.319 |
|
|
|
Dividend Tax |
0.085 |
0.052 |
0.054 |
|
|
BALANCE CARRIED
TO THE B/S |
14.137 |
7.253 |
2.726 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3.927 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1.576 |
1.253 |
0.000 |
|
|
|
Capital Goods |
0.898 |
0.352 |
0.000 |
|
|
TOTAL IMPORTS |
2.474 |
1.605 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.47 |
4.89 |
5.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.78
|
3.92 |
3.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.81
|
5.77 |
5.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.70
|
9.16 |
12.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.39 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.96
|
3.23 |
2.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
1.36 |
1.91 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
The Registered Office of the company has been shifted from Survey No.
169, Doolapally Road, Jeedimetla, Hyderabad – 500 055, Andhra Pradesh, India to
the present address w.e.f. 01.07.2010.
CONTINGENT
LIABILITIES (As on 31.03.2011)
1.
Estimated amount of contracts to be executed on
capital account and not provided for : Nil
2.
Monies for which company is contingently liable.
- Letter of
credit opened by the Bankers for purchase of materials and others:
Rs.1.209 millions.
- Bank
Guarantees: Rs.4.998 millions.
FORM 8
|
Corporate identity number of the company |
U31900AP2007PTC056001 |
|
Name of the company |
GLOBAL ENVIRO AIR SYSTEMS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
Survey No. 169, |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10170050 |
|
Type of charge |
·
Immovable property ·
Book debts ·
Movable property (not being pledge) ·
Others o
All Current and Fixed Assets both present and
future |
|
Particular of charge holder |
IDBI Bank Limited CIN No.: L65190MH2004GOI148838 E-Mail : ls.rayudu@idbi.co.in |
|
Nature of instrument creating charge |
Loan cum hypothecation agreement and declaration cum undertaking |
|
Date of instrument Creating the charge |
10.07.2010 |
|
Amount secured by the charge |
Rs.30.458 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest WC:BPLR; present effective rate being 12.75% p.a. (Present BPLR) TL: 1.00% above BPLR; present effective rate being 13.75% p.a. Further, the rate will be subject to changes as per the RBI. Terms of Repayment Repayment in 60 monthly installments commencing 1st November, 2010 Margin i) TERM LOAN: Nil ii) WORKING CAPITAL:25% Stocks Raw Material Stock-in-process Finished Goods Consumable Book Debts Extent and Operation of the charge Exclusive charge on all current and fixed assets of the company, both present
and future (excluding the vehicles/ equipment which are already hypothecated
to other NBFCs/Banks). Others Unconditional and irrevocable, joint and several, personal guarantees
of Sri K. Sri Rami Reddy, Managing director, Sri V. Ramana Murthy, Director,
Smt. K. Sarada Director |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Raw Materials : Global Enviro
Air Systems Private Limited, Survey No.163/A, Quthubullapur Mandal, R. R. District Inventory : Global
Enviro Air Systems Private Limited, Survey No.163/A, Quthubullapur Mandal, R. R. District Stock in process : Global
Enviro Air Systems Private Limited, Survey No.163/A, Quthubullapur Mandal, R. R. District Finished Goods : Global Enviro
Air Systems Private Limited, Survey No.163/A, Quthubullapur Mandal, R. R. District Plant and Machinery : Global Enviro
Air Systems Private Limited, Survey No.163/A, Quthubullapur Mandal, R. R. District . Raw Materials : Global Enviro
Air Systems Private Limited, Survey No.169, Inventory : Global
Enviro Air Systems Private Limited, Survey No.169, Stock in process : Global
Enviro Air Systems Private Limited, Survey No.169, Finished Goods : Global Enviro
Air Systems Private Limited, Survey No.169, Plant and Machinery : Global Enviro Air Systems Private Limited, Survey No.169, |
|
Particulars of the present modification |
Working Capita Limit of Rs.15.000 millions Term Loan-1 of Rs.0.958 million Term Loan-2 of Rs.7.000 millions B. G. Limit of Rs.7.500 millions Total from 11.600 millions to Rs.30.458 millions |
FIXED ASSETS
·
Land
·
Building
·
Furniture and Fittings
·
Computers
·
Vehicles
·
Plant and Machinery
·
Electrical Fittings
·
Generator
·
A.C’s
·
Temporary Shed
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.51.35 |
|
|
1 |
Rs.80.50 |
|
Euro |
1 |
Rs.69.14 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.