Summary Information
|
|
|
Country |
India |
|
Company Name |
VIJAYA TV AND VIDEO HOME |
Principal Name 1 |
Mr. Rahul Javvadi |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Gangadhrar Rao |
|
|
|
Registration # |
- |
|
Street Address |
Grand Plaza, Zinnah Towers, Guntur – 522002, Andhra Pradesh, India |
||
|
Established Date |
1982 |
SIC Code |
-- |
|
Telephone# |
91-863-2226464 |
Business Style 1 |
Dealer |
|
Fax # |
91-863-2226465 |
Business Style 2 |
Home Appliances |
|
Homepage |
- |
Product Name 1 |
- |
|
# of employees |
125 (Approximately) |
Product Name 2 |
- |
|
Paid up capital |
Rs.15,000,000/- |
Product Name 3 |
- |
|
Shareholders |
- |
Banking |
State Bank of India, Guntur Branch, Andhra
Pradesh, India |
|
Public Limited Corp. |
- |
Business Period |
29 Years |
|
IPO |
- |
International Ins. |
- |
|
Public |
- |
Rating |
Ba (43) |
|
Related
Company |
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Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
0(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
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|
Current Assets |
- |
Current Liabilities |
- |
|
Inventories |
|
Long-term Liabilities |
- |
|
Fixed Assets |
|
Other Liabilities |
- |
|
Deferred Assets |
|
Total Liabilities |
- |
|
Invest& other Assets |
- |
Retained Earnings |
- |
|
|
|
Net Worth |
- |
|
Total Assets |
|
Total Liab. & Equity |
- |
|
Total Assets (Previous Year) |
- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
700,000,000 |
Net Profit |
- |
|
Sales(Previous yr) |
500,000,000 |
Net Profit(Prev.yr) |
- |
MIRA INFORM
REPORT
|
Report Date : |
17.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
VIJAYA TV AND VIDEO HOME |
|
|
|
|
Registered
Office : |
Grand Plaza, Zinnah Towers, Guntur – 522002, Andhra Pradesh |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2011 |
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|
|
|
Year of
Establishment : |
1982 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.000 Millions (Estimated) |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the Partners. |
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|
|
|
Line of Business
: |
Dealer of Home Appliances. |
|
|
|
|
No. of Employees
: |
125 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 60000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a well established and a reputed partnership concern having
satisfactory track. Trade relations are fair. The partners of the concern appear
to be an experienced and respectable business. Business is active, Payments
of the concern are usually correct. The concern can be considered good for normal business dealings under
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Rahul |
|
Designation : |
Partner |
|
Date : |
16.05.2011 |
LOCATIONS
|
Registered Office/Warehouse : |
Grand Plaza, Zinnah Towers, Guntur – 522002, Andhra Pradesh, India |
|
Tel. No.: |
91-863-2226464 |
|
Fax No.: |
91-863-2226465 |
|
E-Mail : |
|
|
|
|
|
Head Office : |
C/O, |
|
Tel No.: |
91-863-2217727/17 |
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Fax No.: |
91-863-6632077 |
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|
|
|
Branches : |
Tel No. :
91-863-2217717 Area : Owned Tel No. :
91-863-2217717 Fax No.:
91-863-5547717 Area : Owned Tel No. :
91-8592-282620 Area : Rented
Tel No. 91-8644-
238827 Area : Rented |
PARTNERS
|
Name : |
Mr. Rahul Javvadi |
|
Designation : |
Partner |
|
Date of Birth/Age : |
35 Years |
|
|
|
|
Name : |
Mr. Gangadhrar
Rao |
|
Designation : |
Partner |
|
Date of Birth/Age : |
60 Years |
|
|
|
|
Name : |
Mrs. Usha Kiran |
|
Designation : |
Partner |
|
Date of Birth/Age : |
30 Years |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Home Appliances. |
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|
|
Agencies Held : |
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|
|
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Terms : |
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Selling : |
Cash and Credit |
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|
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Purchasing : |
Cash and Credit (Depend) |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
Distributor |
|
|
|
|
No. of Employees : |
125 (Approximately) |
|
|
|
|
Bankers : |
State Bank of India, Guntur Branch, Andhra Pradesh, India |
|
|
|
|
Facilities : |
CC.: Rs.35.000 Millions |
|
|
|
|
Banking
Relations : |
- |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.15.000 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs.15.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particular |
31.03.2011 (Expected) |
31.03.2010 |
31.03.2009 |
|
Sales |
700.000 |
500.000 |
450.000 |
Expected Sales ( 2011-12) : Rs.800.000 Millions
The above information has been parted by Mr. Rahul (Partner).
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
Trade Reference :
·
Samsung
·
Sony
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.45.07 |
|
|
1 |
Rs.72.97 |
|
Euro |
1 |
Rs.63.57 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
|
|
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 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.