MIRA
INFORM REPORT
|
Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
RAMKY ENVIRO ENGINEERS LIMITED |
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Registered Office : |
6-3-1089/ G/ 10 and 11, |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
28.11.1994 |
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Com. Reg. No.: |
01-018833 |
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CIN No.: [Company
Identification No.] |
U74140AP1994PLC018833 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDR01287G |
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PAN No.: [Permanent
Account No.] |
AAACR9626A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
Providing all types of consultancy services in environmental and
infrastructural sectors, environmental impact assessment, environmental
management plan and risk assessment etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 2900000 |
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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. 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
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 |
INFORMATION DECLINED BY
|
Name : |
Mr. Chandrashekar |
|
Designation : |
Accounts Departments |
|
Date : |
15.03.2011 |
LOCATIONS
|
Registered Office : |
6-3-1089/ G/ 10 and 11, |
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Tel. No.: |
91-40-23310091 |
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Fax No.: |
91-40-23302353 |
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E-Mail : |
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Website : |
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Corporate Office : |
H.No.6-3-1239/14, Ramky House, |
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Tel. No.: |
91-40-23308996/ 23310091 (30 Lines) |
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Fax No.: |
91-40-23312749 |
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E-Mail : |
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Website : |
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Regional Office : |
Located at:
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Other Divisions : |
REEL - Consultancy Division Door No: 6-3-1099/1/14 and 15, Opposite lane to Yes Bank, Phone: 91-40-23306773 REEL – Projects Door no - 101,1st Floor, Phone: 91-40-23310336 Hi MSW ( Dr. No : 106, 1st Floor, Encon Lake Melody Apartments, Lane Beside
Hotel Katriya, Behind Mahavir Servicing Center, Somajiguda, Hyderabad-500082,
Andhra Pradesh, India Phone: 91-40-23317931/932 Ramky Cimelia E-waste Private Limited RamkyHouse, Phone: 91-40-23308996 Cyril Logistics Engineering services Private Limited D4 , P - 15 Shanthisikar Apartments, Phone: 91-40-23401247 |
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Industrial Waste
Management Projects : |
Located at:
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Overseas Offices : |
Located At:
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DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Alla Ayodhya Rami Reddy |
|
Designation : |
Managing Director |
|
Address : |
238-A-C 1, New MLA’s Colony, Road No.12, Banjara Hills, Hyderabad –
500 034, Andhra Pradesh, India |
|
Date of Birth/Age : |
01/08/1963 |
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Date of Appointment : |
28/11/1994 |
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|
Name : |
Mr. Katneni Surya Mohan Rao |
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Designation : |
Whole-Time Director |
|
Address : |
18-387, Mallikarjuna Nagar, Malkajgiri,
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|
Date of Birth/Age : |
18/11/1951 |
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Date of Appointment : |
23/03/2007 |
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|
Name : |
Mr. Dinesh Kumar Khare |
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Designation : |
Whole-Time Director |
|
Address : |
C-17, Pancham Bunglow, |
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Date of Birth/Age : |
23/12/1952 |
|
Date of Appointment : |
30/05/2009 |
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|
Name : |
Mr. Shahzaad Siraj Dalal |
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Designation : |
Director |
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Address : |
902 |
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Date of Birth/Age : |
01/12/1958 |
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Date of Appointment : |
10/08/2009 |
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|
Name : |
Ms. Archana Niranjan Hingorani |
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Designation : |
Director |
|
Address : |
10, Jeevan Dhara, |
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Date of Birth/Age : |
09/09/1965 |
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Date of Appointment : |
10/08/2009 |
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|
Name : |
Mr. Raman Nanda |
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Designation : |
Additional Director |
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Address : |
V – 16, Sacred Heart Town, Wanowri, Pune – 411 040, |
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Date of Birth/Age : |
15/03/1956 |
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Date of Appointment : |
29/03/2010 |
KEY EXECUTIVES
|
Name : |
Mr. Chandrashekar |
|
Designation : |
Accounts Departments |
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|
Name : |
Mr. Mallikarjun Vishwanatham |
|
Designation : |
Secretary |
|
Address : |
Flat 102, 1-5-16, Venkata Sai Nivas, New Maruthinagar, Kothapet,
Hyderabad-500060, |
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Date of Birth/Age : |
26.06.1979 |
|
Date of Appointment : |
01.12.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
No. of
Preferences Shares |
No. of Equity
Shares |
|
Alla Ayodhya Rami Reddy |
-- |
2711429 |
|
Y.R. Nagaraja |
-- |
63984 |
|
A. Dakshayani |
-- |
48388 |
|
Y.N. Madhu Rani |
-- |
19144 |
|
A. Dasaratha Rami Reddy |
-- |
137 |
|
A. Veeraraghavamma |
-- |
137 |
|
A. Sharan, Represented by Mr. A. Ayodhya Rami Reddy |
-- |
13665 |
|
A. Ishan, Represented by Mr. A. Ayodhya Rami Reddy |
-- |
13707 |
|
M. Udaya Kumari |
-- |
27 |
|
A. Peri Reddy |
-- |
39 |
|
A. Radha Devi |
-- |
27 |
|
A. Rama Devi |
-- |
18 |
|
M. Goutham Reddy |
-- |
40 |
|
P. Ponnuraj |
-- |
29 |
|
G. Rengasamy |
-- |
29 |
|
P. Pandiyan |
-- |
29 |
|
|
-- |
1 |
|
KSM Rao |
-- |
1 |
|
Tara India Holding A Limited, |
14810 |
10870 |
|
IL and FS Trust Company Limited (Tara India Fund III Domestic Trust), |
3716 |
2727 |
|
IL and FS Trust Company Limited (Tara India Fund III Trust), |
2817 |
2068 |
|
Standard Chartered IL and FS Asia Infrastructure Growth Fund Company Pte.
Limited, |
49802 |
36552 |
|
Ramky Global Solution Private Limited, |
-- |
1254310 |
|
Tara India Holding A Limited, |
-- |
21 |
|
IL and FS Trust Company Limited (Tara India Fund III Domestic Trust), |
-- |
5 |
|
IL and FS Trust Company Limited (Tara India Fund III Domestic Trust), |
-- |
4 |
|
Standard Chartered IL and FS Asia Infrastructure Growth Fund Company
Pte. Limited, |
-- |
70 |
|
|
|
|
|
Total |
71145 |
4177458 |
As on 29.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
1.14 |
|
Bodies
corporate |
|
30.14 |
|
Directors
or relatives of directors |
|
68.72 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing all types of consultancy services in environmental and
infrastructural sectors, environmental impact assessment, environmental
management plan and risk assessment etc. |
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|
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Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
1000 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Visweswara Rao and Associates Chartered Accountants |
|
Address : |
"Sri" Plot No. 512A 1, Road No. 31, Jubilee Hills, |
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Tel. No.: |
91-40-23546705 |
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Fax No.: |
91-40-23548003 |
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E-Mail : |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on 29.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
26000000 |
Equity Shares |
Rs.10/- each |
Rs.260.000 Millions |
|
100000 |
Preferences Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
Total |
|
Rs.270.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4177458 |
Equity Shares |
Rs.10/- each |
Rs.41.774
Millions |
|
71145 |
Preferences Shares |
Rs.100/- each |
Rs.7.115
Millions |
|
|
Total |
|
Rs.48.889 Millions |
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25999900 |
Equity Shares |
Rs.10/- each |
Rs.259.999 Millions |
|
100 |
Equity Shares |
Rs.10/- each |
Rs.0.001 Million |
|
100000 |
Cumulative Preferences Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
Total |
|
Rs.270.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4177458 |
Equity Shares |
Rs.10/- each |
Rs.41.774
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
41.774 |
30.470 |
30.470 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
694.499 |
516.547 |
297.116 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
736.273 |
547.017 |
327.586 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
770.037 |
176.511 |
132.567 |
|
|
2] Unsecured Loans |
1013.988 |
1019.489 |
0.000 |
|
|
TOTAL BORROWING |
1784.025 |
1196.000 |
132.567 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2520.298 |
1743.017 |
460.153 |
|
|
|
|
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|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1870.951 |
1364.740 |
970.111 |
|
|
Capital work-in-progress |
307.687 |
304.353 |
368.389 |
|
|
|
|
|
|
|
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INVESTMENT |
269.158 |
222.486 |
157.167 |
|
|
DEFERREX TAX ASSETS |
3.630 |
4.219 |
12.375 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
60.801
|
22.563
|
10.263 |
|
|
Sundry Debtors |
605.387
|
475.621
|
155.513 |
|
|
Cash & Bank Balances |
85.608
|
52.351
|
66.340 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
846.886
|
523.041
|
139.272 |
|
Total
Current Assets |
1598.682
|
1073.576
|
371.388 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
646.468
|
570.481 |
861.635 |
|
|
Other Current Liabilities |
718.195
|
480.588
|
470.155 |
|
|
Provisions |
165.367
|
175.920
|
88.148 |
|
Total
Current Liabilities |
1530.030
|
1226.989
|
1419.938 |
|
|
Net Current Assets |
68.652
|
(153.413)
|
(1048.550) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.220 |
0.632 |
0.661 |
|
|
|
|
|
|
|
|
TOTAL |
2520.298 |
1743.017 |
460.153 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1669.054 |
1195.473 |
456.704 |
|
|
|
Other Income |
10.634 |
29.864 |
54.028 |
|
|
|
TOTAL (A) |
1679.688 |
1225.337 |
510.732 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating and other direct expenses |
865.611 |
285.885 |
122.223 |
|
|
|
Administration expenses |
181.673 |
103.712 |
57.113 |
|
|
|
Sub contract |
91.410 |
396.097 |
128.577 |
|
|
|
Service tax/ vat / work contract tax |
48.842 |
39.203 |
7.333 |
|
|
|
Miscellaneous expenses written off |
0.220 |
0.220 |
0.220 |
|
|
|
Increase / decrease in work in progress |
(43.491) |
(13.780) |
0.000 |
|
|
|
TOTAL (B) |
1144.265 |
811.337 |
315.466 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
535.423 |
414.000 |
195.266 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
245.672 |
96.230 |
7.534 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
289.751 |
317.770 |
187.732 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
158.042 |
108.750 |
61.206 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
131.709 |
209.020 |
126.526 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.077 |
32.529 |
13.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
128.632 |
176.491 |
113.040 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
137.184 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
128.632 |
176.491 |
250.224 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
30.89 |
42.39 |
37.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
7.66
|
14.40 |
22.13 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.89
|
17.48 |
27.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.80
|
8.57 |
9.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.38 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.50
|
4.43 |
4.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04
|
0.87 |
0.26 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
31.03.2007 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
Sundry Creditors |
404.827 |
374.304 |
49.149 |
|
Sundry Creditors
for Capital Goods |
241.641 |
196.177 |
812.486 |
|
Total |
646.468 |
570.481 |
861.635 |
OPERATIONAL RESULTS:
During the financial year the company recorded an Income of Rs.1723.180 millions against Rs.1239.118 millions in h previous year, recording a growth of 39.07%. The profit before income tax is Rs.131.709 millions as against Rs.209.020 millions in the previous year, recording a growth of 36.98%.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U74140AP1994PLC018833 |
|
Name of the
company |
RAMKY ENVIRO
ENGINEERS LIMITED |
|
Address of the
registered office or of the principal place of business in |
6-3-1089/ G/ 10 and 11, |
|
Type of charge |
Movable Property
(not being pledge) |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel W,
Mumbai-400013, Maharashtra, India |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
Agreement Loan
and Guarantee. Contracts
No:18259617/42/54/83 = (Rs.1841230 /- X 4Conts) = Rs.7364920 /- |
|
Date of
instrument Creating the charge |
17.02.2011 |
|
Amount secured by
the charge |
Rs.7.365 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest @ 9.85 %
p.a. Terms of
Repayment The Loan is repayable
in 47 EMIs of Rs.0.189 millions (Rs.0.047 millions /- X 4Conts) Starting from
5th March, 2011 ending to 5th January,
2015. Margin As may stipulated
by bank from time to time Extent and
Operation of the charge The Company
hypothecates to and charges in favour of the Bank by way of first and
exclusive charge of the Vehicle/ equipment described in Item No. 15 as
security for the repayment/payment by the company of the loan granted or to
be granted to the company by the Bank together with all fees, interest, costs and expenses
incurred/to be incurred by the Bank and all other monies payable or to become
payable by the company to the Bank. Others The Bank shall be
absolutely entitled and have full power and authority to sell, assign or
transfer in any manner, in whole or in part, and in such manner and on such
terms as the Bank may decide, including reserving a right to the Bank to
retain its power to proceed against the company on behalf of the purchaser,
assignee or transferee, any or all outstanding dues of the company, to any
third party of the Bank's choice without reference to or without written
intimation to the company |
|
Short particulars
of the property charged |
Hypothecation of 4
no of vehicle namely: Eicher terra ( year of manufacture 2011 ) |
FIXED ASSETS:
- Land
- Buildings
- Compound Wall
- Plant and
Machinery
- Land Fill
- Containers
- Lab
Equipments
- Air
Conditioner
- Electrical
Equipment
- Furniture and
Fixtures
- Computer and
Accessories
- Office
Equipments
- Roads and
Culverts
- Green Belt
- Vehicles
- Vehicles
(Cars and Others)
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.45.27 |
|
|
1 |
Rs.72.95 |
|
Euro |
1 |
Rs.63.08 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.