1. Summary Information
|
|
|
Country |
|
|
Company Name |
CCCL
INFRASTRUCTURE LIMITED |
Principal Name 1 |
Mr. Sarabeswar Ramaswamy |
|
Status |
Yet to Commence |
Principal Name 2 |
Mr. Sivaramakrishnan Subramoney |
|
|
|
Registration # |
18 - 063417 |
|
Street Address |
No. 5, |
||
|
Established Date |
09.05.2007 |
SIC Code |
-- |
|
Telephone# |
91-44-23454801 |
Business Style 1 |
Civil Construction |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 94,200,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 100% |
Banking |
-- |
|
Public Limited Corp. |
NO |
Business Period |
4 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ca (16) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
Consolidated Construction Consortium Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
14,816,000 |
Current Liabilities |
15,527,000 |
|
Inventories |
0 |
Long-term Liabilities |
67,647,000
|
|
Fixed Assets |
79,618,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
83,174,000 |
|
Invest& other Assets |
55,884,000 |
Retained Earnings |
0 |
|
|
|
Net Worth |
67,144,000 |
|
Total Assets |
150,318,000 |
Total Liab. & Equity |
150,318,000 |
|
Total Assets (Previous Year) |
96,782,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
0 |
Net Profit |
(26,415,000) |
|
Sales(Previous yr) |
0 |
Net Profit(Prev.yr) |
0 |
MIRA
INFORM REPORT
|
Report Date : |
21.05.2011 |
Note.: Company has shifted from above address.
IDENTIFICATION DETAILS
|
Name : |
CCCL INFRASTRUCTURE LIMITED |
|
|
|
|
Registered Office
: |
No. 5, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
09.05.2007 |
|
|
|
|
Com. Reg. No.: |
18 - 063417 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 94.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45300TN2007PLC063417 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEC06816F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Civil construction activity |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Yet to Commence |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Consolidated Construction Consortium
Limited As per last available financials, the company has not startede its
commercial operations. Payments terms are unknown. The company can be considered for business dealings on a secured 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
No. 5, |
|
Tel No.: |
91-44-23454801 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 23.06.2010
|
Name : |
Mr. Sarabeswar Ramaswamy |
|
Designation : |
Director |
|
Address : |
1A, |
|
Date of Birth/Age : |
04.05.1954 |
|
Date of Appointment : |
09.05.2007 |
|
DIN No.: |
00435318 |
|
Other Directorship: |
Consolidated Construction Consortium Limited (L45201TN1997PLC038610) Consolidated Interiors Limited (U74999TN2006PLC059568) YUGA Homes Limited (L45201TN2004PLC052394 YUGA Homes Limited (L45201TN2004PLC052394) |
|
|
|
|
Name : |
Mr. Sivaramakrishnan Subramoney |
|
Designation : |
Director |
|
Address : |
27 A, Railway Colony II, Street, |
|
Date of Birth/Age : |
15.02.1954 |
|
Date of Appointment : |
09.05.2007 |
|
DIN No.: |
00431791 |
|
Other Directorship: |
Consolidated Construction Consortium Limited (L45201TN1997PLC038610) Consolidated Interiors Limited (U74999TN2006PLC059568) |
|
|
|
|
Name : |
Mr. Janarthanam Vakati Govindareddiar |
|
Designation : |
Director |
|
Address : |
Flat 1A, Door no.22, 10th Street, M-Block, anna Nagar East,
Chennai – 600102, Tamil Nadu, |
|
Date of Birth/Age : |
12.04.1956 |
|
Date of Appointment : |
09.05.2007 |
|
DIN No.: |
00426422 |
|
|
|
|
Name : |
Mr. Seetharaman Thanjavur Ramarao |
|
Designation : |
Director |
|
Address : |
S-4, II Floor, Yuga Homes, 26-18, Vembuliamman Koli Street, West K.K.
Nagar, Chennai – 600078, Tamil Nadu, India |
|
Date of Birth/Age : |
22.04.1959 |
|
Date of Appointment : |
09.05.2007 |
|
DIN No.: |
01155248 |
|
|
|
|
Name : |
Kaushik Ram Sarabeswar |
|
Designation : |
Director |
|
Address : |
1A, |
|
Date of Birth/Age : |
11.07.1982 |
|
Date of Appointment : |
16.10.2007 |
|
DIN No.: |
00825315 |
|
|
|
|
Name : |
Mr. Venkatesh Padmanabhachari |
|
Designation : |
Director |
|
Address : |
Flat A, 19 Cebross Palm, |
|
Date of Birth/Age : |
13.05.1962 |
|
Date of Appointment : |
20.04.2009 |
|
DIN No.: |
00378947 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders (As on 23.06.2010) |
|
No. of Shares |
|
Consolidated Construction Consortium Limited, Chennai |
|
9420000 |
|
R. Sarabeswar |
|
1 |
|
S. Sivaramakrishnan |
|
1 |
|
V.G. Janarthanam |
|
1 |
|
T.R. Seetharaman |
|
1 |
|
S. Kaushik Ram |
|
1 |
|
E. Viswananthan |
|
1 |
|
Total |
|
9420006 |
|
|
|
|
|
List of Allotees
(As on 29.12.2010) |
|
|
|
Consolidated Construction Consortium Limited, Chennai |
|
13490000 |
|
|
|
|
|
Sub Total |
|
22910006 |
As on 23.06.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Civil construction activity |
GENERAL INFORMATION
|
|
|
|||||||||
|
Bankers : |
Not Available |
|||||||||
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|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Murli Associates Chartered Accountant |
|
Address : |
No.39, First |
|
PAN.: |
AAAFM1250G |
|
|
|
|
Holding Company : |
Consolidated Construction Consortium Limited (L45201TN1997PLC038610) |
|
|
|
|
Subsidiaries : |
CCCL Pearl City Food Port SEZ Limited (U45209TN2009PLC073089) |
|
|
|
|
Fellow
Subsidiary: |
|
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9420006 |
Equity Shares |
Rs.10/- each |
Rs. 94.200 Millions |
As on 23.06.2010
Authorised Capital : Rs. 250.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 229.100 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
94.200 |
94.200 |
19.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(27.056) |
(0.641) |
0.000 |
|
|
NETWORTH |
67.144 |
79.862 |
19.200 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
67.647 |
2.206 |
19.905 |
|
|
TOTAL BORROWING |
67.647 |
2.206 |
19.905 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
134.791 |
95.765 |
39.105 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
79.618 |
69.209 |
32.067 |
|
|
Capital work-in-progress |
41.046 |
8.910 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
2.858
|
0.260 |
0.156 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
11.958
|
4.065 |
5.990 |
|
Total
Current Assets |
14.816
|
4.325 |
6.146 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
14.902
|
0.519 |
0.000 |
|
|
Other Current Liabilities |
0.625
|
0.498 |
0.098 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
15.527
|
1.017 |
0.098 |
|
|
Net Current Assets |
(0.711)
|
3.308 |
6.048 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
14.338 |
14.338 |
0.990 |
|
|
|
|
|
|
|
|
TOTAL |
134.791 |
95.765 |
39.105 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
0.000 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL (A) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating Expenses |
|
0.000 |
0.000 |
|
|
|
Employee Cost |
|
12.567 |
0.000 |
|
|
|
Administration Expenses |
|
13.658 |
0.000 |
|
|
|
TOTAL (B) |
|
26.225 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(26.225) |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.190 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
|
(26.415) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
(26.415) |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(0.641) |
(0.641) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(27.056) |
(0.641) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
2.80 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(27.97)
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.39)
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.24
|
0.04 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
4.25 |
62.71 |
LOCAL AGENCY FURTHER INFORMATION
Review Progress:
The company has acquired nearly 523 acers of land near tuticonn for
development odf a sector specific special economic zone (SEZ) in the Food Processing
Sector. The Government gave its formal approval in july 2007 for the proposed
SEZ by the company. As already informed the ministry of commerce and industry
had notified to the extent 294.288 acres vide its communication dated 23rd
April 2009
A subsidiary company named as CCCL Pearl City Food Port SEZ Limited had
been incorporated during the year to exclusively promote the Special Economic
Zone for food Processing
The application for supply of Fresh Water/ TNEB for supply of HT Power
is awaiting approval from appropriate Authorities.
The company has commenced construction activities in the SEZ norms.
Putting up of an administrative building and constructing internal roads,
drains and culverts including provisions of Rain Water harvesting pits.
Financial Results:
The Company is yet to initiate its full scale operations during the
year. The pre-operative expense of Rs. 14.338 Millions is pending for
capitalization. The paid up capital of the company stands at Rs. 94.200
Millions
Fixed Assets:
- Land
- Furniture
- Office
Equipments
- Car
Web Details:
CCCL Infrastructure is a wholly
owned subsidiary of CCCL and focuses on developmental projects like SEZ
(Special Economic Zone), DBOT and BOT in infrastructure projects like Automated
Car Parking Systems, Roads, Solar Power Plants. Projects in tourism,
hospitality, healthcare, etc. are also on the anvil.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
|
1 |
Rs.72.91 |
|
Euro |
1 |
Rs.64.34 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
16 |
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.