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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
BK THRESHERS PRIVATE LIMITED |
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Registered
Office : |
13-113, |
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Country : |
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Date of
Incorporation : |
08.09.2009 |
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Com. Reg. No.: |
01-064970 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.120 Million |
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CIN No.: [Company Identification
No.] |
U16000AP2009PTC064970 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
BLRBO8247B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Esquire Cigarettes, Flavored Cigarettes , Herbal Cigarettes Tobacco, Tobacco Free Cigarettes |
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No. of
Employees: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
-- |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The management
of the company has not filed financial of the company with the government
departments since its inception. Also the management denied to disclose any
information about the company
Payments are unknown The Company can be considered normal for business dealings at usual
trade terms and conditions only |
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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION DENIED BY
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Name : |
Mr. Bnjamin |
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Designation : |
Factory Manager |
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Contact No.: |
91-7702947111 |
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Date : |
19.04.2012 |
LOCATIONS
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Registered Office : |
13-113, |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Ravichandra Bellam |
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Designation : |
Managing Director |
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Address : |
303, |
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Date of Birth/Age : |
05.05.1974 |
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Din Number: |
00287225 |
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Other Directorship:
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Name : |
Mr. Bellam Jayanth Babu |
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Designation : |
Director |
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Address : |
D.NO:12-227 Chellamma Thota, Tangutur Andhra Pradesh- 523274 |
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Date of Birth/Age : |
18.05.1966 |
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Din Number: |
00610384 |
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Other Directorship:
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Name : |
Mr. Makkena Hari Babu |
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Designation : |
Director |
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Address : |
Middle Street Tangutur Andhra Pradesh - 523274 |
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Date of Birth/Age : |
05.06.1962 |
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Din Number: |
01643842 |
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Other Directorship:
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Name : |
Mr. Manoj Kumar Bellam |
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Designation : |
Director |
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Address : |
No 272, Vinayaka, Rahat Bagh, Off |
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Date of Birth/Age : |
26.08.1977 |
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Din Number: |
01536029 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON )
|
Names of Shareholders |
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No. of Shares |
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Ravichandra Bellam |
|
2000 |
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Manoj Kumar Bellam |
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2000 |
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Bellam Ramaiah |
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2000 |
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Bellam Jayanth Babu |
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2000 |
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Makkena Venkata |
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2000 |
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Makkena Hari Babu |
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2000 |
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Total |
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12000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Esquire Cigarettes, Flavored Cigarettes , Herbal Cigarettes Tobacco, Tobacco Free Cigarettes |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Andhra Bank, Ongole Main Branch, Trunk Road, Ongole -
523001, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Divulged |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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30,000,000 |
Equity Share |
Rs.10/- each |
Rs. 300.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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12000 |
Equity Share |
Rs.10/- each |
Rs. 0.120 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
Not
Available
The Above information declined by Mr. Bnjamin
LOCAL AGENCY FURTHER INFORMATION
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Available
in Report [Yes/No] |
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Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
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Construction
of the firm |
Yes |
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Premises
details |
No |
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Type
of Business |
Yes |
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Line
of Business |
Yes |
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Promoters
background |
Yes |
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No.
of Employees |
No |
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Name
of Person Contacted |
Yes |
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Designation
of contact person |
Yes |
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Turnover
of firm for last three years |
No |
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Profitability
for last three years |
No |
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Reasons
for variation <> 20% |
- |
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Estimation
for coming financial year |
- |
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Capital
the business |
Yes |
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Details
of sister concerns |
No |
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Major
Suppliers |
No |
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Major
Customers |
No |
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Payment
Terms |
No |
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Export
/ Import Details [If Applicable] |
No |
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Market
Information |
- |
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Litigations
that the firm / promoter involved in |
- |
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Banking
Details |
Yes |
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Banking
Facility Details |
No |
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Conduct
of the banking account |
- |
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Buyer
visit details |
- |
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Financials,
if provided |
No |
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Incorporation
details, if applicable |
Yes |
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Last
accounts filed at ROC |
No |
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Major
Shareholders, if applicable |
Yes |
Bankers Charges
Report as per Registry
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Corporate
identity number of the company |
U16000AP2009PTC064970 |
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Name of the
company |
BK THRESHERS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
13-113, |
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This form is for |
Modification of charge |
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Charge
identification (ID) number of the charge to be modified |
10222898 |
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Type of charge |
·
Immovable property ·
Any interest in immovable property ·
Book debts ·
Movable property (not being pledge) |
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Particular of
charge holder |
Andhra Bank, Ongole Main Branch, Trunk Road, Ongole -
523001, |
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Nature of instrument
creating charge |
Composite Agreement |
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Date of
instrument Creating the charge |
17.10.2011 |
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Amount secured by
the charge |
Rs. 1800 Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest : OCC: Base Rate 10.75% + 3.00% = 13.75%p.a., on TL-I 14.00%p.a., & for other limits as earlier Terms of Repayment: As earlier Margin: As earlier Extent and
operation of the charge: As earlier |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
As earlier |
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Date of last
modification prior to the present modification |
11.05.2010 |
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Particulars of the present modification |
Bank guarantee reduced from Rs.75.000 Millions to Rs.40.000 Millions,
Front ended FLC of Rs.250.000 Millions closed and OCC/PC/FDBP/FUBD/REBA of
Rs.1000.000 Millions renewed and thereby the TOTAL limits reduced from
Rs.2085.000 Millions to Rs.1800.000 Millions. The Revised
limits are:
Rs. In Millions
|
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. 51.99 |
|
|
1 |
Rs. 83.54 |
|
Euro |
1 |
Rs. 68.40 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.