MIRA
INFORM REPORT
|
Report Date : |
14.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SIVASWATHI CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D. No.8-2-684/3/30 and 31, Road No.12, Banjara
Green Colony, Banjara Hills, Hyderabad-500034,
Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.04.2005 |
|
|
|
|
Com. Reg. No.: |
01-045969 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 73.650 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200AP2005PTC045969 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS12992A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS9943F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is engaged in business of construction of various fields
such as Residential, Commercial, Entertainment and Hospitals etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Financially
company is performing well. Trade relations are reported to be fair. Business
is active. Payments are reported to be usually correct and as per
commitments. The company can be considered for normal business dealing at usual
trade terms and condition. |
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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
D. No.8-2-684/3/30 and 31, Road No.12, Banjara
Green Colony, Banjara Hills, Hyderabad-500034,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-23320072 / 23320073 / 66777324 |
|
Fax No.: |
91-40-23320071 / 66777325 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Boggavarapu Ankamma
Rao |
|
Designation : |
Director |
|
Address : |
D. No.1-727, 9th Lane, Pandaripuram,
Chilakaluripet-522616, India |
|
Date of Birth/Age : |
01.01.1972 |
|
Date of Appointment : |
25.08.2011 |
|
DIN No.: |
00357970 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17100AP1998PTC029188 |
SWATHI
COTTONS PRIVATE LIMITED |
Director |
03/04/1998 |
03/04/1998 |
- |
Active |
NO |
|
2 |
U27109AP1998PTC030353 |
AKSHAY
PROFILES PRIVATE LIMITED |
Director |
21/06/1999 |
21/06/1999 |
- |
Active |
NO |
|
3 |
U45200AP2001PTC038024 |
DECCAN
TOWNSHIPS PRIVATE LIMITED |
Director |
07/11/2001 |
07/11/2001 |
- |
Active |
NO |
|
4 |
U70102AP2006PTC049896 |
MAHIDHARA
ESTATES PRIVATE LIMITED |
Director |
29/09/2007 |
20/10/2006 |
- |
Active |
NO |
|
5 |
U45202KA2010PTC052438 |
BHOOMIKA
INFRABUILD PRIVATE LIMITED |
Director |
09/02/2010 |
09/02/2010 |
- |
Active |
NO |
|
6 |
U40300AP2010PLC068251 |
SVAROG
GLOBAL POWER LIMITED |
Director |
04/05/2010 |
04/05/2010 |
- |
Active |
NO |
|
7 |
U45201KA2010PTC053938 |
LANDMARK
INFRA ESTATES AND HOMES PRIVATE LIMITED |
Director |
03/06/2010 |
03/06/2010 |
- |
Active |
NO |
|
8 |
U45200AP2005PTC045969 |
SIVASWATHI
CONSTRUCTIONS PRIVATE LIMITED |
Director |
25/08/2011 |
25/08/2011 |
- |
Active |
NO |
|
9 |
U70102AP2012PTC081871 |
YELLOW
STONE ESTATES PRIVATE LIMITED |
Director |
10/07/2012 |
10/07/2012 |
- |
Active |
NO |
|
10 |
U70102AP2012PTC082042 |
PRATHIPATI
ESTATES PRIVATE LIMITED |
Director |
18/07/2012 |
18/07/2012 |
- |
Active |
NO |
|
11 |
AAA-6014 |
MAP
INDUSTRIAL PROJECTS LLP |
Designated
Partner |
24/08/2011 |
24/08/2011 |
06/02/2012 |
Active |
NO |
|
Name : |
Mr. Markandeyulu Boggavarapu |
|
Designation : |
Director |
|
Address : |
D. No.1-727, 9th Lane, Pandaripuram,
Chilakaluripet-522616, India |
|
Date of Birth/Age : |
09.11.1969 |
|
Date of Appointment : |
24.09.2010 |
|
DIN No.: |
00398456 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27109AP1998PTC030353 |
AKSHAY
PROFILES PRIVATE LIMITED |
Director |
21/06/1999 |
21/06/1999 |
- |
Active |
NO |
|
2 |
U14102AP2005PTC045997 |
COASTAL
ROCKS (INDIA) PRIVATE LIMITED |
Director |
26/04/2005 |
26/04/2005 |
- |
Active |
NO |
|
3 |
U45200AP2005PTC045969 |
SIVASWATHI
CONSTRUCTIONS PRIVATE LIMITED |
Director |
24/09/2010 |
24/09/2010 |
- |
Active |
NO |
|
4 |
U70102AP2012PTC081871 |
YELLOW
STONE ESTATES PRIVATE LIMITED |
Director |
10/07/2012 |
10/07/2012 |
- |
Active |
NO |
|
5 |
U70102AP2012PTC082042 |
PRATHIPATI
ESTATES PRIVATE LIMITED |
Director |
18/07/2012 |
18/07/2012 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Prathipati Pulla Rao |
3343000 |
|
Prathipati Tenne Venkayamma |
2022000 |
|
Lingamaneni Agriculture Developers Private Limited,
India |
500000 |
|
Lingamaneni Agro Developers Private Limited, India |
500000 |
|
Mahika Estates Private Limited, India |
666667 |
|
LEPL Projects Limited, India |
333333 |
|
TOTAL
|
7365000 |
AS ON 06.03.2012
|
Names of Shareholders |
No. of Shares |
|
Prathipati Pulla Rao |
333330 |
|
TOTAL |
333330 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
27.15 |
|
Directors or relatives of Directors |
72.85 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is engaged in business of construction of various fields
such as Residential, Commercial, Entertainment and Hospitals etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited, 6-3-879/B, Greenlands
Road, Begumpet, Hyderabad-500016, Andhra Pradesh,
India ·
Indian Overseas Bank, R P Road Branch,
Secunderabad-500033, Andhra Pradesh, India ·
State Bank of India ·
State Bank of Hyderabad ·
IDBI Bank Limited ·
Corporation Bank |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
SERI Equipment Finance Private Limited, Vishwakarma,
86C, Topsia Road, Kolkata-700046, West Bengal,
India |
|
|
|
|
Auditors : |
|
|
Name : |
Mahesh Virender and Sriram
Chartered Accountant |
|
Address : |
6-3-788/36 and 37A, Ameerpet,
Hyderabad-500016, Andhra Pradesh, India |
|
PAN No.: |
AACFM8813F |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7365000 |
Equity Shares |
Rs.10/- each |
Rs. 73.650
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7698330 |
Equity Shares |
Rs.10/- each |
Rs. 76.983
Millions |
|
|
|
|
|
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 |
73.650 |
63.600 |
47.000 |
|
|
2] Share Application Money |
5.001 |
15.076 |
0.500 |
|
|
3] Reserves & Surplus |
460.086 |
294.795 |
151.919 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
5] Securities Pending Allotment |
21.325 |
16.300 |
0.000 |
|
|
NETWORTH |
560.062 |
389.771 |
199.419 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
580.984 |
491.109 |
325.236 |
|
|
2] Unsecured Loans |
49.055 |
20.197 |
110.669 |
|
|
TOTAL BORROWING |
630.039 |
511.306 |
435.905 |
|
|
DEFERRED TAX LIABILITIES |
35.750 |
27.984 |
15.208 |
|
|
|
|
|
|
|
|
TOTAL |
1225.851 |
929.061 |
650.532 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
283.755 |
261.984 |
212.823 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
78.450 |
68.470 |
54.398 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
670.770
|
333.514 |
139.965 |
|
|
Sundry Debtors |
349.793
|
389.148 |
145.831 |
|
|
Cash & Bank Balances |
1.835
|
0.831 |
1.253 |
|
|
Other Current Assets |
76.173
|
61.165 |
36.783 |
|
|
Loans & Advances |
400.138
|
325.649 |
251.323 |
|
Total
Current Assets |
1498.709
|
1110.307 |
575.155 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
493.595
|
404.794 |
171.687 |
|
|
Other Current Liabilities |
98.699
|
70.919 |
4.340 |
|
|
Provisions |
43.029
|
36.313 |
15.891 |
|
Total
Current Liabilities |
635.323
|
512.026 |
191.918 |
|
|
Net Current Assets |
863.386
|
598.281 |
383.237 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.260 |
0.326 |
0.074 |
|
|
|
|
|
|
|
|
TOTAL |
1225.851 |
929.061 |
650.532 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2040.320 |
1929.856 |
1119.001 |
|
|
|
Other Income |
NA |
14.465 |
5.063 |
|
|
|
TOTAL (A) |
NA |
1944.321 |
1124.064 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Expenses |
NA |
78.875 |
674.809 |
|
|
|
Work Expenses |
|
1658.551 |
273.196 |
|
|
|
Staff Cost |
|
17.797 |
33.223 |
|
|
|
Administrative Expenses |
|
35.967 |
16.840 |
|
|
|
Preliminary Expenses |
|
0.074 |
0.074 |
|
|
|
(Increase) / Decrease in Stocks |
|
(193.549) |
(0.921) |
|
|
|
TOTAL (B) |
NA |
1597.715 |
997.221 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
346.606 |
126.843 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
93.578 |
28.711 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
253.028 |
98.132 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
53.063 |
1.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
199.965 |
96.489 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
49.089 |
25.841 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
166.999 |
150.876 |
70.648 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
150.876 |
70.648 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.67 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
7.76 |
6.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
10.36 |
8.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
14.57 |
12.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.51 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.32
|
2.70 |
3.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.36
|
2.17 |
3.00 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
NOTE
Registered office
has been shifted from Plot No.374, Road No.14, Banjara
Hills, Hyderabad, Andhra Pradesh, India to the present address w.e.f. 19.06.2009
REVIEW OF OPERATIONS
The Company continued
to achieve significant growth in 2010-11. The company has achieved a turnover
of Rs.2040.320 Millions during the year (Previous Year Rs.1929.856 Millions),
and the Profit after Tax is Rs.166.999 Millions during the year (Previous Year
Rs.150.877 Millions). Management is confident that 2011 -12 would be a
profitable.
FUTURE PROSPECTS
The future outlook
of Infrastructure Industry continues to be bright and challenging. In line with
the priorities laid down by the Central and State Governments, the Company
proposes to concentrate its efforts in executing the contracts on its own and
on sub contract basis with back to back agreement. The Company is evaluating
emerging opportunities in the new areas. The company is going to take up many
irrigation and other Infrastructure Projects in the near future. The turnover
of the company is going to be increased multifold in the financial year
2011-12.
FORM 8
|
Corporate
identity number of the company |
U45200AP2005PTC045969 |
|
Name of the
company |
SIVASWATHI
CONSTRUCTIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D. No.8-2-684/3/30 and 31, Road No.12, Banjara Green Colony, Banjara Hills, Hyderabad-500034, Andhra Pradesh, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of
charge holder |
SERI Equipment Finance Private Limited, Vishwakarma,
86C, Topsia Road, Kolkata-700046, West Bengal,
India CIN No.: - U70101WB2006PTC109898 |
|
Nature of
instrument creating charge |
Deed of
Hypothecation(LBX002) |
|
Date of
instrument Creating the charge |
15.07.2012 |
|
Amount secured by
the charge |
Rs. 4.394 Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 11.65% per annum. Terms of repayment Amount repayable
in 34 monthly installments Margin Rs. 0.488 Million Extent and operation of the charge As per Deed of Hypothecation. |
|
Short particulars
of the property charged (Including location of the property) |
1 No. Kobelco Hydraulic Excavator (Model-Geospec
Acera SK210LC-8).(Within India) |
FIXED ASSETS
·
Construction Equipments
·
Office Equipments
·
Temporary Structures
·
Vehicles
·
Furniture
·
Computers
·
Land
WEBSITE DETAILS
PROFILE
Subject is a private limited company incorporated under The
Companies Act, 1956 with incorporation no. 01-45969 of 2005-2006 and registered
office situated at HNo: 8-2-684/30 and 31, Banjara Green Colony, Road No-12, Banjara
Hills, Hyderabad - 500034.
The company is formulated with an object to engage in the
Business of construction of various fields(projects) such as Residential,
Commercial, Entertainment, Hospitals, Irrigation, Canals, Dams, Roads, Express
ways, Highways, Buildings, Industrial Structures, Underground Drainage System,
Thermal and Hydel power projects and Underground
Mines, etc.,
Subject is the pioneer construction agency spread its
activities in the states of Tamilnadu, Karnataka, Maharashtra and Madhya Pradesh.
Subject has been accessed and found to conform to the
requirements of ISO 9001:2008 for construction of infrastructure projects vide
certificate No. RQ91/D/401 dated 20-05-2010.
Further the company is emerging as fast growing
infrastructure development and construction Management Company in India with
its quality management systems. Effective work planning, timely deliverance and
total satisfaction of the customers.
The company is planning by increasing the work force as well
as machinery and additional finance to uplift the turnover to the maximum
extent by duly adhering to the quality standards so as to provide more job
opportunities.
Subject owns a large fleet of sophisticated construction
equipment including crushing plant, hot mix plant, wet mix plant, concrete
batching plant, excavators, graders, pavers, compactors, dozers, tippers, bar
bending and cutting machines, generators, etc.,
They have sufficient work force on full time basis to deal
projects of large magnitude.
The work force, machinery assets, financial net worth and
past execution capabilities enable their company to undertake many large scale
projects.
They gained significant experience in project management and
firmly positioned ourselves on the growth trajectory. They are well positioned
to leverage the huge opportunity available for infrastructure development and
EPC contracting in India.
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. 55.41 |
|
|
1 |
Rs. 86.77 |
|
Euro |
1 |
Rs. 68.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
49 |
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.