MIRA
INFORM REPORT
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Report Date : |
05.01.2012 |
IDENTIFICATION DETAILS
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Name : |
APPIDI TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Survey No.123, Besides Prime Forma (India) Limited, Jeedimetla Village,
Quthbullapur Mandal, Ranga Reddy District, Hyderabad – 500 055, Andhra
Pradesh |
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Country : |
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Date of
Incorporation : |
11.09.1997 |
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Com. Reg. No.: |
01-027935 |
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Capital
Investment / Paid-up Capital : |
Rs.1.111
millions |
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CIN No.: [Company Identification
No.] |
U30009AP1997PTC027935 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDA03151B |
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PAN No.: [Permanent Account No.] |
AACCA9355K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Energy Recovery Systems and
Dehumidifiers. |
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No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor Corporate Governance |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
The management has not filed any financials of the company with the
government departments since its inception in 1997, which indicates a poor corporate
governance. The Director Mr. A.V.S. Reddy has provided to us a few general
information, but denied to disclose any financial details. Payments are
unknown. Initially, the company can considered for business dealings on a safe
and secured trade terms and conditions.
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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 PARTED BY (General Details)
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Name : |
Mr. A.V.S Reddy |
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Designation : |
Director |
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Contact No.: |
91-40-23090494 |
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Date : |
03.01.2012 |
LOCATIONS
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Registered Office/ Factory : |
Survey No.123, Besides Prime Forma (India) Limited, Jeedimetla
Village, Quthbullapur Mandal, Ranga Reddy District, Hyderabad – 500 055,
Andhra Pradesh, India |
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Tel. No.: |
91-40-23090494/ 23090495/ 65863942 |
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Mobile No.: |
91-9392494599 (Mr. A.V.S Reddy) |
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Fax No.: |
91-40-23090495 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 30.09.2004
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Name : |
Mr. A.V.S Reddy |
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Designation : |
Managing Director |
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Address : |
HOH, |
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Date of Birth/Age : |
01.10.1961 |
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Qualification : |
Business Management |
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Name : |
Mr. K. Srinivasa Reddy |
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Designation : |
Director |
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Address : |
H.No.108, Madhura Nagar, |
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Date of Birth/Age : |
01.06.1967 |
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Qualification : |
Engineering |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2004
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Names of Shareholders |
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No. of Shares |
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A.V.S Reddy |
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111098 |
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Total |
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111098 |
As on 30.09.2004
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Energy Recovery Systems and
Dehumidifiers. |
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Exports : |
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Products : |
Energy Recovery Systems and Dehumidifiers |
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Countries : |
v
v
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
T.T. |
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Purchasing : |
T.T. |
GENERAL INFORMATION
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Customers : |
Manufacturer |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
Indian Overseas Bank, |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ramanathan and Roa Chartered Accountants |
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Address : |
Secunderabad, |
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Tel. No.: |
91-40-27814147 |
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Fax No.: |
91-40-27840307 |
CAPITAL STRUCTURE
As on 30.09.2004
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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120000 |
Equity Shares |
Rs.10/- each |
Rs.1.200 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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111098 |
Equity Shares |
Rs.10/- each |
Rs.1.111
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of
Establishment |
Yes |
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2) Locality of
the firm |
Yes |
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3) Constitutions
of the firm |
Yes |
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4) Premises
details |
Yes |
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5) Type of
Business |
Yes |
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6) Line of
Business |
Yes |
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7) Promoter’s
background |
-- |
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8) No. of
employees |
Yes |
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9) Name of person
contacted |
Yes |
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10) Designation
of contact person |
Yes |
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11) Turnover of
firm for last three years |
No |
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12) Profitability
for last three years |
No |
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13) Reasons for
variation <> 20% |
-- |
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14) Estimation
for coming financial year |
No |
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15) Capital in
the business |
No |
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16) Details of
sister concerns |
-- |
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17) Major
suppliers |
No |
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18) Major
customers |
No |
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19) Payments
terms |
Yes |
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20) Export /
Import details (if applicable) |
Yes |
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21) Market
information |
-- |
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22) Litigations
that the firm / promoter involved in |
-- |
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23) Banking
Details |
Yes |
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24) Banking
facility details |
-- |
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25) Conduct of
the banking account |
-- |
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26) Buyer visit
details |
-- |
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27) Financials,
if provided |
No |
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28) Incorporation
details, if applicable |
-- |
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29) Last accounts
filed at ROC |
-- |
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30) Major
Shareholders, if available |
-- |
WEBSITE DETAILS:
PROFILE:
Subject, is a trusted name
in Humidity Control and Energy Recovery Solutions for the past 15 years. It is
a technology driven company that was established in the year 1997, and caters
to the requirements of industry sectors such as Pharmaceuticals, Food
processing, Product Drying, Packaging, Storage Industries etc. The company
enjoys the excellent reputation in the industry. It has acquired this enviable
position through its unique approach to the products and its strategic
alliances with international partners. The company has its integral
manufacturing unit located in
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 :
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.53.14 |
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|
1 |
Rs.83.08 |
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Euro |
1 |
Rs.69.25 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.