MIRA
INFORM REPORT
|
Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAMYA REPROGRAPHIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Katha No.:16/2-B, Survey No.: 16/2, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.07.1997 |
|
|
|
|
Com. Reg. No.: |
08-022596 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22110KA1997PTC022596 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRR01085A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR4217Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Supplier of Printed Material. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 small to mediocre 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 – 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 |
LOCATIONS
|
Registered Office : |
Katha No.:16/2-B, Survey No.: 16/2, |
|
Tel. No.: |
91-80-30076300/ 03/ 04/ 30076320 |
|
Fax No.: |
91-80-30076305 |
|
E-Mail : |
|
|
|
DIRECTORS
(AS ON 28.09.2011)
|
Name : |
Mr. Narendra Ramareddy |
|
Designation : |
Managing Director |
|
No. L 136, 4th
Main, 15th Cross, 6th Sector, HSR Layout, |
|
|
Date of Birth/Age : |
21.09.1970 |
|
Date of Appointment : |
30.07.1997 |
|
DIN No.: |
00929312 |
|
|
|
|
Name : |
Mrs. Bharathi Chinnaswamy Reddy |
|
Designation : |
Director |
|
Address : |
No. L 136, 4th Main, 15th Cross, 6th
Sector, HSR Layout, |
|
Date of Birth/Age : |
12.09.1975 |
|
Date of Appointment : |
30.07.1997 |
|
DIN No.: |
02552251 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Narendra Ramareddy |
|
375000 |
|
Bharathi Chinnaswamy Reddy |
|
375000 |
|
|
|
|
|
Total |
|
750000 |
(AS ON 30.09.2011)
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Printed Material. |
GENERAL INFORMATION
|
Customers : |
· Pizza Corner · Mantri Group · Sobha Developers · Art of Living · Tata Docomo · Arena Multimedia ·
· Hippo Campus ·
· Puravankara Developers · Mantri Developers · Lifestyle · Suvarna News ·
· Tanishq · Titan · Essilor · ACER India Private Limited · NIIT · Fuji Film India Private Limited · Heidelberg India Private Limited · Siemens Information Systems Limited ·
· Mahindra Retail ·
Black ·
· Royal Orchid Group of Hotels |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· ICICI Bank · HDFC Bnak Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Financial
Institution : |
· Siemens Financial Services Private Limited 130, Pandurang Budhkar Marg, Worli, Mumbai – 400018, ·
KSFC Bhavan, No.1/1, |
|
|
|
|
Auditors : |
|
|
Name : |
K. S. Aiyar and Company Chartered Accountant |
|
Address : |
#19/1, 1st Floor, 2nd Cross, |
|
Tel. No.: |
91-80-23347171/23367171 |
|
Telfax No.: |
91-80-23311221 |
|
E-Mail : |
|
|
Website : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK6843P |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
NOTE:
Out of which 5,50,000 Bonus shares of Rs.10
each have been issued by capitalization of Reserve.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.500 |
7.500 |
7.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
25.579 |
19.310 |
16.756 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
33.079 |
26.810 |
24.256 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
57.996 |
33.482 |
40.627 |
|
|
2] Unsecured Loans |
33.977 |
23.646 |
22.397 |
|
|
TOTAL BORROWING |
91.973 |
57.128 |
63.024 |
|
|
DEFERRED TAX LIABILITIES |
5.188 |
3.788 |
3.990 |
|
|
|
|
|
|
|
|
TOTAL |
130.240 |
87.726 |
91.270 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
121.774 |
78.018 |
80.784 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
1.913 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.486
|
3.842 |
1.936 |
|
|
Sundry Debtors |
34.817
|
24.091 |
19.014 |
|
|
Cash & Bank Balances |
7.970
|
7.220 |
5.453 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
30.561
|
21.495 |
21.863 |
|
Total
Current Assets |
77.834
|
56.648 |
48.266 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
61.721
|
39.936 |
|
|
|
Other Current Liabilities |
4.482
|
2.647 |
|
|
|
Provisions |
3.165
|
4.357 |
5.171 |
|
Total
Current Liabilities |
69.368
|
46.940 |
39.693 |
|
|
Net Current Assets |
8.466
|
9.708 |
8.573 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
130.240 |
87.726 |
91.270 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
21.751 |
14.883 |
16.096 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.386 |
10.979 |
12.252 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.365 |
3.904 |
3.844 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.096 |
1.351 |
1.399 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.269 |
2.553 |
2.445 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
19.310 |
16.757 |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.500 |
0.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
23.079 |
19.310 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.314 |
1.208 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
36.764 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
36.764 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.36 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.69
|
2.90 |
2.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.15 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.88
|
3.88 |
4.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12
|
1.21 |
1.22 |
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 |
No |
|
5) Type of
Business |
Yes |
|
6) Line of
Business |
Yes |
|
7) Promoter’s
background |
Yes |
|
8) No. of
employees |
No |
|
9) Name of person
contacted |
No |
|
10) Designation
of contact person |
No |
|
11) Turnover of
firm for last three years |
No |
|
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 |
No |
|
17) Major
suppliers |
No |
|
18) Major
customers |
Yes |
|
19) Payments
terms |
No |
|
20) Export /
Import details (if applicable) |
No |
|
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 |
NOTE:
The Registered office of the company has been shifted from, #290/4/3/2,
Balaji Complex, Rajivgandhi Nagar, Near DRDC, Bommanahalli,
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U22110KA1997PTC022596 |
|
Name of the
company |
RAMYA
REPROGRAPHIC PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Katha No: 16/2-B,
Survey No.: 16/2, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Others: Colour Offset
Press |
|
Particular of
charge holder |
Siemens Financial
Services Private Limited 130, Pandurang
Budhkar Marg, Worli, Mumbai – 400018, |
|
Nature of
description of the instrument creating or modifying the charge |
Loan Agreement
and Hypothecation Agreement |
|
Date of
instrument Creating the charge |
26/12/2011 |
|
Amount secured by
the charge |
Rs.15.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 14.75% P.A Fixed Terms of
Repayment Shall be repayable in 36 Installments Margin Contributed by
borrower Extent and
Operation of the charge First and
exclusive charge of Siemens Financial Services Private Limited on asset
financed vide agreement dated 26.12.2011. |
|
Short particulars
of the property charged |
1 no. of
Hidelberg Druckmashinen AG, 4 colour offset Press, model SM 74-4+L with
standard accessories. (Invoice No. 1803030739 dated 29th March, 2006) |
FIXED ASSETS:
· Land
· Leasehold Improvement
· Plant and Machinery
· Office Equitable
· Furniture
· Electrical Fittings
· Motor Vehicle
· Car
· Computers
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 |
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 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.