|
Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAGNA INFRATECH (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Door No-60-9/1/Flat No-501, Sagar Residency, Ranga Nagar, IDPL Colony,
Hyderabad – 500037, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
22.02.2010 |
|
|
|
|
Com. Reg. No.: |
01-067137 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70102AP2010PTC067137 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDM10472A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCM3943D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction Activity. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track record. The
management of the company has not filed its financials with the government department
since its incorporation. Also the management remain non co-operative denied
to part any information of the company. Payments are unknown. The company can be considered 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 – 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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced controls
on foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of
persistently high inflation and interest rates and little progress on economic
reforms. High international crude prices have exacerbated the government's fuel
subsidy expenditures contributing to a higher fiscal deficit, and a worsening
current account deficit. Little economic reform took place in 2011 largely due
to corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
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.
INFORMATION DECLINED
Management Non Co-Operative
(91-9391000023 / 9849719810)
LOCATIONS
|
Registered Office : |
Door No-60-9/1/Flat No-501, Sagar Residency, Ranga Nagar, IDPL Colony,
Hyderabad – 500037, Andhra Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 13.02.2010
|
Name : |
Enaganti Vidyasagar Rao |
|
Designation : |
Director |
|
Address : |
F-10, Ranga Nagar Colony, Chinthal, IDPL Colony, Hyderabad – 500037,
Andhra Pradesh, India |
|
Date of Birth/Age : |
27.12.1962 |
|
Date of Appointment : |
22.02.2010 |
|
DIN No.: |
02938405 |
|
|
|
|
Name : |
Thanugundla Arogya Reddy |
|
Designation : |
Director |
|
Address : |
3-5-74/3, Vivekananda Nagar, Kukatpally, Ward-2, Ranga Raddy
(District) |
|
Date of Birth/Age : |
39 Years |
|
|
|
|
Name : |
Tumma Chinnapa Reddy |
|
Designation : |
Director |
|
Address : |
4-97, Nampalli, Nampalli Sircilla, Jagtial – 505327, Andhra Pradesh,
India |
|
Date of Birth/Age : |
12.08.1957 |
|
Date of Appointment : |
22.02.2010 |
|
DIN No.: |
02938572 |
|
|
|
|
Name : |
Mr. BalReddy Shyamala |
|
Designation : |
Director |
|
Address : |
Plot No.877, KPHB Colony, Kukatpally, Hyderabad, Andhra Pradesh,
India |
|
Date of Birth/Age : |
62 Years |
|
|
|
|
Name : |
Mr. Bhimarjun Valina |
|
Designation : |
Director |
|
Address : |
Indra Prastha – 205, Muskipet Lane-12, Muskipet, Hyderabad – 500018,
Andhra Pradesh, India |
|
Date of Birth/Age : |
46 Years |
|
|
|
|
Name : |
Madadi Kondal Rao |
|
Designation : |
Director |
|
Address : |
H. No.8-3-833/296, Yella Reddy Gunda, Hyderabad – 500073, Andhra
Pradesh, India |
|
Date of Birth/Age : |
12.10.1953 |
|
Date of Appointment : |
22.02.2010 |
|
DIN No.: |
02938418 |
|
|
|
|
Name : |
Ms. Manjula Rao |
|
Designation : |
Director |
|
Address : |
MIG II-119, Phulong, Nizamabad – 503001 |
|
Date of Birth/Age : |
30.03.1972 |
|
|
|
|
Name : |
Mr. Allam Prathap Reddy |
|
Designation : |
Director |
|
Address : |
Plot No.924, Flat No.201, Joshuva Residency, Defence Colony, Sainikpuri,
Secunderabad – 500028, Andhra Pradesh, India
|
|
Date of Birth/Age : |
51 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 13.02.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Enaganti Vidyasagar Rao |
|
7500 |
|
Thanugundla Arogya Reddy |
|
5000 |
|
Tumma Chinnapa Reddy |
|
5000 |
|
BalReddy Shyamala |
|
5000 |
|
Bhimarjun Valina |
|
5000 |
|
Madadi Kondal Rao |
|
7500 |
|
Manjula Rao |
|
5000 |
|
Allam Prathap Reddy |
|
10000 |
|
Total |
|
50000 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Central Bank of India, NID Corporate Branch, Secunderabad - 500 003, Andhra
Pradesh, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
As on 13.02.2010
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 |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
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 |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
WEBSITE DETAILS
Subject was created to bring a new way of doing business in the construction industry. They, at Magna Infra Tech, are committed to explore new dimensions to accomplish their projects, a new way of counseling clients, new methods of doing business, and the utilization of new technologies. Hence, they stand tall on the edifice of their success by living up to their commitment and the expectations. They are residential builder developers providing residential flats, luxurious villas, 2 bedroom apartments, 3 bedroom apartments, 4 bedroom apartments and luxurious mansion for sale.
Subject is a committed team of highly experienced engineers with an established track record of more than 10 years. This is one of the biggest factors contributing towards the present standing of Magna Infra Tech as one of the most trusted and preferred builders and developers, those "Who Deliver What They Commit". Having a very long list of satisfied customers, Magna Infra Tech have an unblemished record of handing over all their projects before the committed dates and to the entire satisfaction of their valued customers.
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 :
Their
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.
Their 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.54.74 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.72.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
11 |
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.