|
Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
PYRO TELECOMMUNICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-2-293/82, 564/A32/2 and 32/3, Road No.92, Jubilee Hills, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.02.2008 |
|
|
|
|
Com. Reg. No.: |
01-057586 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999AP2008PTC057586 |
|
|
|
|
TIN No.: |
28922081517 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDP06448B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP6271B |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Hardware and Software Implementation for Telecommunications Operators.
|
|
|
|
|
No. of Employees
: |
75 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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. Venugopal Reddy |
|
Designation : |
Senior Manager – Finance and Accounts |
|
Contact No.: |
91-9491319191 |
|
Date : |
18.04.2012 |
LOCATIONS
|
Registered Office/ Factory : |
8-2-293/82, 564/A32/2 and 32/3, Road No.92, Jubilee Hills, |
|
Tel. No.: |
91-40-39849500/ 65226198/ 23555068 |
|
Fax No.: |
91-40-23541058 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
11000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Sodum Pulla
Reddy |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1-20-275, F. No. 503, Rasoolpura, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.09.1943 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
45 years |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.02.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00310328 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rakesh Poovdan
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.201, K. N. Yadav Apartment, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.02.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02000835 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. S. M. Reddy |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.504, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.11.1970 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
MBA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
15 years |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Venugopal Reddy |
|
Designation : |
Senior Manager – Finance and Accounts |
|
Mobile No.: |
91-9491319191 |
|
Email : |
|
|
|
|
|
Name : |
Mr. B. Thirupal Reddy |
|
Designation : |
Chief Financial Officer |
|
Mobile No.: |
91-9866512522 |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.03.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sodum Pulla Reddy |
|
112190 |
|
Rakesh Poovdan |
|
10 |
|
Pyro Networks Private Limited |
|
235200 |
|
|
|
|
|
Total |
|
347400 |
(AS ON 30.09.2011)
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Hardware and Software Implementation for Telecommunications Operators.
|
|
|
|
|
Exports : |
|
|
Products : |
Telecommunications Services |
|
Countries : |
·
· Maldieves ·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days) |
|
|
|
|
Purchasing : |
Credit (60 days) |
GENERAL INFORMATION
|
Customers : |
End Users · MTN · Jawwal · Econet Telecom · Vodacom · Vinaphone ·
B · Globe · Vodafone · Telsima · BSNL · Airtel · MINL · Reliance Communication · Idea · Dishnet · Aircel · Spice · Mobinil · Green · Citycell · Telecel the network of choice · Du Emirates, Qanawat · Wataniya Telecom · Global Telecom · P. T. Melon |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
75 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Road No.12, Banjara hills, Branch Code: 8022 · Axis Bank Branch Code: 425 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S S Reddy and Company Chartered Accountant |
|
Address : |
H. No.376/2RT, Srinivasa Mansion, Flat
No.102, Behind Axis Bank, S. R. Nagar, |
|
Tel. No.: |
91-40-42014151 |
|
Mobile No.: |
91-9912881799 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
BFDPS8877N |
|
|
|
|
Holding Company : |
· Pyro Networks Private Limited CIN No.: U64203AP2002PTC038972 |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
347400 |
Equity Shares |
Rs.10/- each |
Rs.3.474 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.474 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.322 |
0.160 |
|
|
3] Reserves & Surplus |
1.527 |
0.149 |
0.087 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.001 |
0.971 |
0.747 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
1.062 |
1.132 |
|
|
TOTAL BORROWING |
0.000 |
1.062 |
1.132 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5.001 |
2.033 |
1.879 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.017 |
0.018 |
0.019 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.349 |
1.349 |
0.057 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
8.293
|
1.051 |
0.673 |
|
|
Cash & Bank Balances |
0.942
|
0.090 |
0.541 |
|
|
Other Current Assets |
2.546
|
0.491 |
0.000 |
|
|
Loans & Advances |
0.000
|
2.025 |
0.735 |
|
Total
Current Assets |
11.781
|
3.657 |
1.949 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.388
|
2.569 |
0.026 |
|
|
Other Current Liabilities |
3.142
|
0.403 |
0.094 |
|
|
Provisions |
0.620
|
0.027 |
0.038 |
|
Total
Current Liabilities |
8.150
|
2.999 |
0.158 |
|
|
Net Current Assets |
3.631
|
0.658 |
1.791 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.004 |
0.008 |
0.012 |
|
|
|
|
|
|
|
|
TOTAL |
5.001 |
2.033 |
1.879 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23.520 |
3.033 |
1.231 |
|
|
|
Other Income |
0.016 |
0.039 |
0.025 |
|
|
|
TOTAL (A) |
23.536 |
3.072 |
1.256 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manpower Cost |
15.279 |
0.000 |
0.097 |
|
|
|
Administrative and Other Expenses |
1.456 |
2.965 |
0.854 |
|
|
|
Selling Expenses |
0.278 |
0.008 |
0.156 |
|
|
|
Hardware Expenses |
4.499 |
0.000 |
|
|
|
|
Misc. Expenses Written Off |
0.004 |
0.004 |
0.004 |
|
|
|
TOTAL (B) |
21.516 |
2.977 |
1.111 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.020 |
0.095 |
0.145 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.021 |
0.006 |
0.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.999 |
0.089 |
0.125 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.001 |
0.001 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.998 |
0.088 |
0.124 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.619 |
0.027 |
0.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.379 |
0.061 |
0.086 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.148 |
0.087 |
0.001 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.97 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.86
|
1.99 |
6.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.49
|
2.90 |
10.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.94
|
2.39 |
6.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.09 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.63
|
4.18 |
1.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45
|
1.22 |
12.34 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of
Establishment |
Yes |
|
2) Locality of
the firm |
Yes |
|
3) Constitutions
of the firm |
Yes |
|
4) Premises
details |
Yes |
|
5) Type of
Business |
Yes |
|
6) Line of
Business |
Yes |
|
7) Promoter’s
background |
Yes |
|
8) No. of
employees |
Yes |
|
9) Name of person
contacted |
Yes |
|
10) Designation
of contact person |
Yes |
|
11) Turnover of
firm for last three years |
Yes |
|
12) Profitability
for last three years |
Yes |
|
13) Reasons for
variation <> 20% |
------- |
|
14) Estimation
for coming financial year |
No |
|
15) Capital in
the business |
Yes |
|
16) Details of
sister concerns |
Yes |
|
17) Major
suppliers |
No |
|
18) Major
customers |
Yes |
|
19) Payments
terms |
Yes |
|
20) Export /
Import details (if applicable) |
Yes |
|
21) Market
information |
------- |
|
22) Litigations
that the firm / promoter involved in |
------- |
|
23) Banking
Details |
Yes |
|
24) Banking
facility details |
Yes |
|
25) Conduct of
the banking account |
------- |
|
26) Buyer visit
details |
------- |
|
27) Financials,
if provided |
Yes |
|
28) Incorporation
details, if applicable |
Yes |
|
29) Last accounts
filed at ROC |
Yes |
|
30) Major
Shareholders, if available |
Yes |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
3.474 |
3.474 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
9.905 |
19.666 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
13.379 |
23.140 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
13.379 |
23.140 |
||
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.038 |
8.286 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1.349 |
1.349 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
18.409 |
32.597 |
|
|
Cash & Bank Balances |
|
1.281 |
1.571 |
|
|
Other Current Assets |
|
12.120 |
13.874 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
31.810 |
48.042 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
7.775 |
8.269 |
|
|
Other Current Liabilities |
|
12.401 |
22.025 |
|
|
Provisions |
|
3.642 |
4.243 |
|
Total
Current Liabilities |
|
23.818 |
34.537 |
|
|
Net Current Assets |
|
7.992 |
13.505 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
13.379 |
23.140 |
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROFIT & LOSS ACCOUNT
(RS.
IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
65.000 |
90.000 |
|
|
|
Other Income |
|
0.320 |
0.350 |
|
|
|
TOTAL (A) |
|
65.320 |
90.350 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manpower Cost |
|
22.225 |
28.430 |
|
|
|
Administrative and Other Expenses |
|
4.548 |
8.000 |
|
|
|
Selling Expenses |
|
11.933 |
22.329 |
|
|
|
Hardware Expenses |
|
13.000 |
15.000 |
|
|
|
Misc. Expenses Written Off |
|
0.000 |
0.000 |
|
|
|
TOTAL (B) |
|
51.706 |
73.759 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
13..614 |
16.591 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.815 |
0.835 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
12.799 |
15.756 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.779 |
1.752 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
12.020 |
14.004 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
3.642 |
4.243 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
8.378 |
9.761 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
24.12 |
28.10 |
|
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW
STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
|
|
(PROJECTED) |
|
|
Cash from Operations: |
|
|
|
PBDIT |
12.020 |
14.004 |
|
Less: Income Tax paid |
0.620 |
3.642 |
|
Less: Dividend |
0.000 |
0.000 |
|
|
|
|
|
Net Cash from Operations |
11.400 |
10.361 |
|
|
|
|
|
Decrease / (Increase) in Net Working Capital
|
(11.262) |
(4.072) |
|
|
|
|
|
Net Cash from Operations after WC changes |
0.138 |
6.290 |
|
|
|
|
|
Cash flow from Investing |
|
|
|
(Increase )/ Decrease in Fixed Assets |
(4.800) |
(6.000) |
|
Increase in investments |
0.000 |
0.000 |
|
|
. |
|
|
Net Cash from Invetments |
(4.800) |
(6.000) |
|
|
|
|
|
Cash flow from
Financing Activities |
|
|
|
|
|
|
|
Debt |
0.000 |
0.000 |
|
Equity investment |
0.000 |
0.000 |
|
(Decrease) / Increase in bank borrowings |
5.000 |
0.000 |
|
|
|
|
|
Net Cash from Financial Activites
|
5.000 |
0.000 |
|
|
|
|
|
Total Cashflows |
0.338 |
0.290 |
|
|
|
|
|
Net Cash Surplus / (Deficit) |
0.338 |
0.290 |
|
|
|
|
|
Opening Cash Balance |
0.942 |
1.81 |
|
|
|
|
|
Closing Cash Balance |
1.281 |
1.571 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR.
SODUM PULLA REDDY
(RS.
IN MILLIONS)
DETAILS
OF IMMOVABLE PROPERTIES
|
Nature of Property |
Location |
Realisable value |
Regd
In the name of |
Details of Prior Charges |
|
|
|
|
|
|
|
House at |
40-787 A, Nehru Nagar, |
Rs.6.714
Millions |
S. P. Reddy |
NIL |
|
Agricultural
Lands |
Mangapally Koilakunta (M), |
Rs.1.000 Million
|
S. P. Reddy |
NIL |
|
|
|
|
|
|
DETAILS
OF IMMOVABLE PROPERTIES
A]
SHARES/ DEBENTURED/ MUTUAL FUNDS
|
Name
of the Company |
No. of Shares/ Debentures/ Unit Held |
Market Value as on Date |
|
|
|
|
|
Investmnent in Rayalaseema Lather Borads, |
52% |
Rs.4.000
Millions |
|
|
|
|
|
Total |
Rs.4.000 Millions |
|
B]
OTHER MOVABLE PROPERTIES
|
Particulars |
Value |
|
|
|
|
Cash |
0.500 |
|
Gold/ Jewellery |
0.000 |
|
Vehicles |
0.000 |
|
Others |
0.000 |
|
|
|
|
Total |
Rs.0.500 Million |
|
TOTAL MOVABLE PROPERTIES |
RS.4.500 MILLIONS |
|
TOTAL VALUE OF IMMOVABLE AND MOVABLE PROPERTIES |
RS.12.214 MILLIONS |
|
NETWORTH |
RS.12.214 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
Mr.
S. M. REDDY
(RS.
IN MILLIONS)
DETAILS
OF IMMOVABLE PROPERTIES
|
Nature of Property |
Location |
Realisable value |
Regd
In the name of |
Details of Prior Charges |
|
|
|
|
|
|
|
Flat No.503 with
1000 sft |
|
Rs.5.244
Millions |
S. M. Reddy |
NIL |
|
|
|
|
|
|
DETAILS
OF IMMOVABLE PROPERTIES
A]
SHARES/ DEBENTURED/ MUTUAL FUNDS
|
Name
of the Company |
No. of Shares/ Debentures/ Unit Held |
Market Value as on Date |
|
|
|
|
|
Investment in Pyro Mobile Private Limited |
80% 8,000 |
Rs.6.820
Millions |
|
Investment in Pyro Networks Private Limited |
60% 11,02,500 Shares |
Rs.176.400
Millions |
|
|
|
|
|
|
|
|
|
Total |
Rs.183.220 Millions |
|
B]
OTHER MOVABLE PROPERTIES
|
Particulars |
Value |
|
|
|
|
Cash |
0.050 |
|
Gold/ Jewellery |
0.200 |
|
Vehicles |
0.000 |
|
Others |
0.000 |
|
|
|
|
Total |
Rs.0.250 Million |
|
TOTAL MOVABLE PROPERTIES |
RS.183.470 MILLIONS |
|
TOTAL VALUE OF IMMOVABLE AND MOVABLE PROPERTIES |
RS.188.714 MILLIONS |
|
NETWORTH |
RS.12.214 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
·
Comviva –
· Du Dubai
·
Globe Telecom –
· BSNL and MTNL
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.51.89 |
|
|
1 |
Rs.83.18 |
|
Euro |
1 |
Rs.68.06 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.