MIRA
INFORM REPORT
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Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
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Name : |
MANCHUKONDA PRAKASHAM INDUSTRIES INDIA PRIVATE LIMITED |
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Registered
Office : |
“Manchukonda House, 6-3-347/12A/12/3, Dwarakapuri Colony, Panjagutta, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
19.12.2008 |
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Com. Reg. No.: |
062299 |
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Capital
Investment / Paid-up Capital : |
Rs.462.797 millions |
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CIN No.: [Company Identification
No.] |
U45201AP2008PTC062299 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDM09046C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacturer of Pre-Stressed Cement Concrete (PSCC) Poles in |
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No. of Employees : |
600 (In office 100 + In factory 500) |
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 2400000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of Manchukonda Prakasham and Company a
partnership concern started in 1994. It is a company having moderate track. Business is active. Payments
terms are unknown. The company can be considered for business dealings for 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
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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. Mohammad Wahab |
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Designation : |
Accounts |
LOCATIONS
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Registered Office : |
“Manchukonda House”, 6-3-347/12A/12/3, Dwarakapuri Colony, Panjagutta,
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Tel. No.: |
91-40-44507070/23319715/23321457/66611322 |
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Fax No.: |
91-40-23352543 |
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E-Mail : |
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Website : |
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Factory 1 : |
Tirupati Plant |
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E-Mail : |
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Factory 2 : |
Survey No. 70, |
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E-Mail : |
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Factory 3 : |
Chopan Plant : Village – Bardhiya, Sonebhadra District, |
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E-Mail : |
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Factory 4 : |
Survey No. 426, NH. 211, |
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E-Mail : |
DIRECTORS
AS ON 28.09.2010
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Name : |
Mr. Prakasam Manchukonda |
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Designation : |
Director |
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Address : |
6-3-347/12A/12/3, Dwarakapuri Colony, Panjagutta, |
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Date of Birth/Age : |
14.12.1953 |
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Directors Profile: |
Manchukonda Prakasham has been a very highly rated
entrepreneur and a business leader during the last 35 years, with more than
26 years in Pre-Stressed Cement Concrete pole business. His experience
coupled with strong sense of business basics, vision and acumen in PSCC
industry has made him the undisputed ‘market leader’ in |
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Name : |
Mr. |
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Designation : |
Director |
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Address : |
6-3-347/12A/12/3, Dwarakapuri Colony, Panjagutta, |
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Date of Birth/Age : |
23.06.1974 |
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Directors Profile: |
Manchukonda Ravikumar has been associated with MPIL ever since he completed his bachelor of engineering (civil engineering) degree in 1995. As Executive Director, he is responsible for overall business policy, plan, strategy and operations relating to sales and marketing functions. |
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Name : |
Mr. Surender Manchukonda |
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Designation : |
Director |
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Address : |
6-3-347/12A/12/3, Dwarakapuri Colony, Panjagutta, |
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Date of Birth/Age : |
14.03.1977 |
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Directors Profile: |
Manchukonda Surender manages production, purchase and technology functions at MPIL since 1998. He is a bachelor of engineering in civil engineering. His primary responsibility includes achieving overall manufacturing operations efficiency, quality and cost effectiveness for the company. |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2010
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Names of Shareholders |
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No. of Shares |
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Prakasam Manchukonda |
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24065423 |
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Anitha Manchukonda |
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6941949 |
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6941949 |
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Surender Manchukonda |
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6941949 |
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Gayathri Manchukonda |
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462797 |
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Meenakshi Manchukonda |
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462797 |
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Manchukonda Prakashan and Company Industries Private Limited, |
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462796 |
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Total |
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46279660 |
AS ON 28.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Bodies
corporate |
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1.00 |
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Directors
or relatives of directors |
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99.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Pre-Stressed Cement Concrete (PSCC) Poles in |
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Products : |
PSCC Poles Spun Poles |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
Government
Customers :
Corporate
Customers :
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No. of Employees : |
600 (In office 100 + In factory 500) |
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Bankers : |
ING Vyasya Bank Limited, 27 to 39, 1st Floor, Neelgiri
Block, Aditya Enclave, Ameerpet, Hyderabad-500 038, Andhra Pradesh, India |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
B Narshingrao and Company Chartered Accountant |
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Address : |
Flat No.610, Babukhan Estates, Basheer Bagh, Hyderabad-500 001, |
CAPITAL STRUCTURE
AS ON 28.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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46279660 |
Equity Shares |
Rs.10/- each |
Rs.462.797
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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462.797 |
462.797 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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131.495 |
36.037 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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594.292 |
498.834 |
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LOAN FUNDS |
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1] Secured Loans |
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54.104 |
114.678 |
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2] Unsecured Loans |
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22.803 |
16.642 |
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TOTAL BORROWING |
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76.907 |
131.320 |
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DEFERRED TAX LIABILITIES |
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6.323 |
2.404 |
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TOTAL |
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677.522 |
632.558 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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373.938 |
355.863 |
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333.311 |
417.594 |
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707.249 |
773.457 |
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Capital work-in-progress |
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1.176 |
0.000 |
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INVESTMENT |
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150.833 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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94.697 |
127.168 |
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Sundry Debtors |
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204.081 |
254.982 |
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Cash & Bank Balances |
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7.857 |
3.208 |
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Other Current Assets |
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18.970 |
31.217 |
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Loans & Advances |
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7.706 |
1.019 |
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Total
Current Assets |
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333.311 |
417.594 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
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107.388 |
91.472 |
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Provisions |
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74.348 |
52.472 |
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Total
Current Liabilities |
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181.736 |
143.944 |
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Net Current Assets |
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151.575 |
273.650 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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677.522 |
632.558 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
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SALES |
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TOTAL (A) |
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1129.922 |
520.977 |
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Less |
EXPENSES |
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TOTAL (B) |
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869.888 |
422.817 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
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260.034 |
98.160 |
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Less |
FINANCIAL
EXPENSES (D) |
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5.316 |
0.808 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
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254.718 |
97.352 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
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25.178 |
1.614 |
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PROFIT BEFORE
TAX (E-F) (G) |
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229.540 |
95.738 |
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