MIRA
INFORM REPORT
|
Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
DHATHRI UDYOG PRIVATE LIMITED (w.e.f.12.04.2011) |
|
|
|
|
Formerly Known
As : |
DHATRI UDYOG PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.177, Street No.10, Industrial Area, Moula-Ali, Krishna Nagar,
Hyderabad-500040, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
06.01.2011 |
|
|
|
|
Com. Reg. No.: |
01-072077 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U11100AP2011PTC072077 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of hair oil and spices powder, flour |
|
|
|
|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to complete its one full year of operation.
Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
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. Shridhar |
|
Designation : |
Operational Manager |
|
Contact No.: |
91-44-27246999 |
|
Date : |
03.08.2011 |
LOCATIONS
|
Registered Office / Factory : |
Plot No.177, Street No.10, Industrial Area, Moula-Ali, Krishna Nagar,
Hyderabad-500040, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27246999 |
|
Fax No.: |
91-40-27247888 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Gandham Divya Jyothi |
|
Designation : |
Director |
|
Address : |
H. No.1-3-44/5, Vidyuth Nagar, Ward-29, Amalapuram-533201, Andhra
Pradesh, India |
|
Date of Birth/Age : |
20.06.1984 |
|
DIN No : |
03284063 |
|
|
|
|
Name : |
Mr. Nimmakayala Venkata Srinivasarao |
|
Designation : |
Director |
|
Address : |
H. No.1-107, Nangavaram, Uppalaguptam, East Godavari-533201, Andhra
Pradesh, India |
|
Date of Birth/Age : |
16.09.1978 |
|
DIN No : |
03284106 |
KEY EXECUTIVES
|
Name : |
Mr. Shridhar |
|
Designation : |
Operational Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Gandham Divya Jyothi |
5100 |
|
Nimmakayala Venkata |
4900 |
|
Total |
10000 |
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of hair oil and spices powder, flour |
|
|
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
No. of Employees : |
45 (Approximately) |
|
|
|
|
Bankers : |
·
State Bank of Hyderabad, Kushaiguda Branch, Ecil
Post, Hyderabad-500062, Andhra Pradesh, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rambabu and Company Chartered Accountant |
|
Address : |
Hyderabad, Andhra Pradesh, India |
CAPITAL STRUCTURE
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 |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCE:
·
Madvalt
FORM 8
|
Corporate
identity number of the company |
U11100AP2011PTC072077 |
|
Name of the
company |
DHATHRI
UDYOG PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.177, Street No.10, Industrial Area, Moula-Ali, Krishna Nagar,
Hyderabad-500040, Andhra Pradesh, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of Hyderabad, Kushaiguda Branch, Ecil Post,
Hyderabad-500062, Andhra Pradesh, India |
|
Nature of
instrument creating charge |
1.Letter
of Arrangement, SME-1 2.Agreement
of Loan cum Hypothecation, SME-2 |
|
Date of
instrument Creating the charge |
04.05.2011 |
|
Amount secured by
the charge |
Rs. 9.800 millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest ROI
on Cash Credit of Rs 6.300 millions is 14.00%, ROI on Term loan of Rs 3.500
millions is 14.50% p.a with monthly rests. Terms of
repayment Cash
Credit Repayable on demand. Term Loan of Rs 3.500 millions repayable in 20
quarterly installments commencing from 01.03.2012 and the last installment
falls due on 01.03.2012. Margin 25%
Margin on stocks, 50% margin on book debts (cover period 90 days), 51.39%
margin on term loan. Extent and
operation of the charge 1st
Charge on and hypothecation of stocks, book debts and other current assets of
the Company both present and future. 1st charge on fixed assets of Plant and
Machinery, equipment and other movable assets both present and future. Other Cash
Credit : Rs 6.300 millions Term
Loan : Rs 3.500 millions |
|
Short particulars
of the property charged (Including location of the property) |
1st Charge
on and hypothecation of stocks, book debts and other current assets of the
Company both present and future. 1st
charge on fixed assets of Plant and Machinery, equipment and other movable
assets both present and future. |
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. 44.37 |
|
|
1 |
Rs. 72.20 |
|
Euro |
1 |
Rs. 62.87 |
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.