|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ENERGY LEADER BATTERIES INDIA PRIVATE LIMITED (w.e.f. 08.02.2012) |
|
|
|
|
Formerly Known
As : |
ENERGY LEADER BATTERIES INDIA LIMITED |
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Registered
Office : |
G2, Geethika Residency, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
06.02.2007 |
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|
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Com. Reg. No.: |
01-052642 |
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Capital
Investment / Paid-up Capital : |
Rs.159.024 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999AP2007PTC052642 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDE01419F |
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|
|
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PAN No.: [Permanent Account No.] |
AABCE7093F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Industrial Batteries
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 430000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. Profitability of the company
is under pressure. However, trade relations are reported as fair. Business is
active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
G2, Geethika Residency, Srinagar Colony, Near Satya Sai
Nigamagamam, Hyderabad – 500073, Andhra Pradesh, India |
|
Tel. No.: |
91-40-44501234 |
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Fax No.: |
91-40-23305524 |
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E-Mail : |
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Website : |
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Corporate Office : |
303, Encon Lake Melody Apartment, Rajbhavan Road, Somajiguda,
Hyderabad – 500082, Andhra Pradesh, India |
|
Tel. No.: |
91-40-44501234 |
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Fax No.: |
91-40-23305524 |
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E-Mail : |
|
|
|
|
|
Factory 1 : |
Suv No. 118, 135, 137 and 139 Narasimha Rao Palem (V), Veerullapadu
(M), Krishna District, - 521181, Andhra Pradesh, India |
|
Tel. No.: |
91-8678-201214 / 201215 |
|
Fax No.: |
91-8678-201237 |
|
E-Mail : |
DIRECTORS
As on 24.09.2011
|
Name : |
Mr. Srinivasa Rao Paturi |
|
Designation : |
Managing director |
|
Address : |
G2, Geethika Residency, Near Satya Sai Nigamagamam, Srinagar Colony,
Hyderabad- 500073, Andhra Pradesh,
India |
|
Date of Appointment : |
13.04.2007 |
|
DIN No.: |
01665104 |
|
|
|
|
Name : |
Mr. Achanta Pitcheswara Rao |
|
Designation : |
Director |
|
Address : |
2-2-11/2 (A.4) D. D. Colony, University Road, Hyderabad, 500007,
Andhra Pradesh, India |
|
Date of Birth : |
16.08.1943 |
|
Qualification : |
B.Com., MBA, AICWA, A.F.I.I |
|
Date of Appointment : |
06.02.2007 |
|
DIN No.: |
00027847 |
|
Other Directorship: |
·
SMS Pharmaceuticals Limited ·
Vision Financial Services Private Limited ·
Vijay Bhargavi Finance Limited |
|
|
|
|
Name : |
Mr. Venkat Vallabhaneni |
|
Designation : |
Director |
|
Address : |
B-3, Stone Vally Apartments, Road No. 4, Banjara Hills, Hyderabad
500034, Andhra Pradesh, India |
|
Date of Appointment : |
06.02.2007 |
|
DIN No.: |
01726792 |
|
|
|
|
Name : |
Mrs. Vijaya Lakshmi Paturi |
|
Designation : |
Director |
|
Address : |
G2, Geethika Residency, Near Satya Sai Nigamagamam, Srinagar Colony,
Hyderabad- 500073, Andhra Pradesh,
India |
|
Date of Birth : |
26.08.1975 |
|
Date of Appointment : |
06.02.2007 |
|
DIN No.: |
01665162 |
|
|
|
|
Name : |
Mr. Hanuman Chowdary Tripuraneni |
|
Designation : |
Director |
|
Address : |
Plot No. 8, P and T Colony, Karkhana, Secunderabad- 500009. Andhra
Pradesh, India |
|
Date of Birth : |
18.10.1931 |
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Qualification : |
Bachelors Degree in Telecommunications |
|
Date of Appointment : |
13.04.2007 |
|
DIN No.: |
00107006 |
|
Other Directorship: |
·
Sify Technologies Limited ·
Softsol India Limited ·
Tera Software Limited |
|
|
|
|
Name : |
Mr. Krishnamurthy Kota |
|
Designation : |
Director |
|
Address : |
2-57. F, No-51 Vijaya Pratheeka Residency, Street No.1, Vani Nagar,
Malkajgiri, Secunderabad -500047,
Andhra Pradesh, India |
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Date of Birth : |
01.07.1947 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
01901776 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Srinivasa Rao Paturi |
|
2643700 |
|
Vijaya Lakshmi Paturi |
|
531200 |
|
Achanta Pitcheswara Rao |
|
482500 |
|
Venkat Vallabhaneni |
|
5663530 |
|
Suparna Vallabhaneni |
|
2400 |
|
T. Prasada Roa |
|
297900 |
|
N. Tirupataiah |
|
731400 |
|
APR Investment and Leasing Private Limited |
|
200000 |
|
Shanti Sri Atluri |
|
230000 |
|
Achanta Srikanth |
|
149500 |
|
Uppala Kantha Roa |
|
3497500 |
|
Kasivisweswara Rao |
|
255200 |
|
Rajaya Lakashmi |
|
29360 |
|
N. Subadhra |
|
13120 |
|
Jagan Mohan Rao |
|
94220 |
|
T. Sumanth Kumar |
|
590900 |
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Atluri Raghurama Brahmam |
|
120000 |
|
N. Harikrishna |
|
200000 |
|
N. Sulochana |
|
170000 |
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Total |
|
15902430 |
List of Allottees
As on 28.03.2012
|
Names of Allottee |
|
No. of Shares
Allotted |
|
|
|
|
|
EnerSys Reserve power Pte. Limited, Singapore |
|
4689431 |
As on 24.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
1.26 |
|
Directors or relatives of Directors |
76.74 |
|
Other top fifty shareholders |
22.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Batteries
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Products : |
Industrial Batteries |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
|
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|
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|
Licensed Capacity (Battery Manufacturing Plant) |
Not Applicable |
|
Installed Capacity ((Battery Manufacturing Plant) |
3600 lac/A.H. Per Annum |
|
Actual Production (Industrial Batteries) |
546.21 lac A.H. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Indian Bank, Mogalrajapuram, M. G. Road,
Vijayawada - 520010, Andhra Pradesh, India ·
Central Bank of India, Benz circle Branch, Benz
circle, Vijayawada, Andhra Pradesh, India ·
Saptagiri Grameena Bank, Patamata, Vijayawada,
Andhra Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
Note: 1. Loans from Indian Bank, Central Bank of India and Saptagiri Grameena Bank aggregating to (i) working capital limits of Rs.240.000 Millions (Previous year Rs.280.000 Millions); outstanding - Rs.229.346 Millions (Previous year Rs. 168.446 Millions) and (ii) Term loans limit of Rs.300.200 Millions (Previous year Rs.300.200 Millions); outstanding - Rs.288.518 Millions (Previous year Rs.282.433 Millions) are secured by first pari passu charge by way of hypothecation and equitable mortgage of all chargeable immovable and movable fixed assets, other than the assets acquired with Hire Purchase Loans, and all current assets including stocks of Raw materials, Stock in process, Finished goods, Stores and Spares and Book debts. 2. Hire purchase loans are secured by hypothecation of the assets acquired with the loan amounts.
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Banking Relations
: |
-- |
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Statutory
Auditors : |
|
|
Name : |
Sarathy and Balu Chartered Accountants |
|
Address : |
Hyderabad, Andhra Pradesh, India |
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Tel No.: |
91-40-23312442 / 23396336 |
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Fax No.: |
91-40-23322463 |
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E-mail : |
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Internal
Auditors : |
P. I. Ramana and Associates Chartered Accountants |
|
Address : |
Vijayawada, Andhra Pradesh, India |
CAPITAL STRUCTURE
After 24.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued,
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20591861 |
Equity Shares |
Rs.10/- each |
Rs.205.919
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs.160.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15902430 |
Equity Shares |
Rs.10/- each |
Rs.159.024
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 |
159.024 |
147.924 |
134.538 |
|
|
2] Share Application Money |
2.000 |
11.100 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(53.257) |
(33.330) |
(25.683) |
|
|
NETWORTH |
107.767 |
125.694 |
108.855 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
518.223 |
451.433 |
304.780 |
|
|
2] Unsecured Loans |
8.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
526.223 |
451.433 |
304.780 |
|
|
DEFERRED TAX LIABILITIES |
17.120 |
12.513 |
4.126 |
|
|
|
|
|
|
|
|
TOTAL |
651.110 |
589.640 |
417.761 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
311.016 |
319.904 |
277.140 |
|
|
Capital work-in-progress |
6.269 |
2.944 |
14.936 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.011 |
0.011 |
0.011 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
172.495
|
149.875 |
75.938 |
|
|
Sundry Debtors |
227.770
|
110.436 |
9.015 |
|
|
Cash & Bank Balances |
23.546
|
38.095 |
19.788 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
34.721
|
45.413 |
43.459 |
|
Total
Current Assets |
458.532
|
343.819 |
148.200 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
116.595
|
68.927 |
17.998 |
|
|
Other Current Liabilities |
4.653
|
5.967 |
3.071 |
|
|
Provisions |
3.470
|
2.144 |
2.337 |
|
Total
Current Liabilities |
124.718
|
77.038 |
23.406 |
|
|
Net Current Assets |
333.814
|
266.781 |
124.794 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.880 |
|
|
|
|
|
|
|
|
TOTAL |
651.110 |
589.640 |
417.761 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
469.624 |
296.440 |
20.251 |
|
|
|
Other Income |
2.457 |
8.097 |
0.096 |
|
|
|
TOTAL (A) |
472.081 |
304.537 |
20.347 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
358.026 |
232.656 |
42.603 |
|
|
|
Payments and Benefits to Employees |
33.382 |
26.999 |
8.116 |
|
|
|
Administration, Selling and General Expenses |
36.606 |
18.634 |
11.076 |
|
|
|
Amortisation of Preliminary Expenses
|
0.000 |
0.880 |
0.220 |
|
|
|
(Increase) / Decrease in stock |
(19.629) |
(36.034) |
(37.804) |
|
|
|
TOTAL (B) |
408.385 |
243.135 |
24.211 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
63.696 |
61.402 |
(3.864) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
64.366 |
47.404 |
12.817 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(0.670) |
13.998 |
(16.681) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION (F) |
14.650 |
13.257 |
4.681 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(15.320) |
0.741 |
(21.362) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
4.607 |
8.387 |
4.322 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
(19.927) |
(7.646) |
(25.684) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(33.330) |
(25.684) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(53.257) |
(33.330) |
(25.684) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.00) |
(1.00) |
(2.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(4.22)
|
(2.51) |
(126.23) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(3.26)
|
0.25 |
(105.49) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.99)
|
0.11 |
(5.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.01 |
(0.20) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.04
|
4.20 |
3.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.68
|
4.46 |
6.33 |
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 |
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 |
-- |
|
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 |
CONTINGENT LIABILITIES:
1. Letters of Credit (LCs) opened by Bankers on behalf of the Company and not provided for in the books, as the same are not yet crystallized, Rs.84.542 Millions (Prev. Year Rs. 108.864 Millions)
2. Bank guarantees given by the banks on behalf the company Rs.54.887 Millions. (Prev. Year- Rs.23.000 Millions)
3. Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. 2.000 Millions (Prev. Year Rs.31.778 Millions).
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74999AP2007PLC052642 |
|
Name of the company |
ENERGY LEADER BATTERIES INDIA LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
G2, Geethika Residency, Srinagar Colony, Near Satya Sai Nigamagamam,
Hyderabad – 500073, Andhra Pradesh, India E-Mail : psr786@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10081038 |
|
Type of charge |
·
Immovable property ·
Any interest in immovable property ·
Book debts ·
Movable property (not being pledge) ·
Others (stock, stores and spare parts) |
|
Particular of charge holder |
Indian Bank, Mogalrajapuram, M. G. Road, Vijayawada - 520010, Andhra
Pradesh, India E-mail : mogalrajapuram@indianbank.co.in
|
|
Nature of instrument creating charge |
1. Supplemental Deed of Hypothecation dated 23.11.2011. 2. Supplemental Working Capital Consortium Agreement dated 23.11.2011. 3. Supplemental Interse Agreement dated 23.11.2011. 4. Memorandum of Entry (Constructive Deliver)-Mortgage by the borrower
by way of deposit of tittle deeds with the lead bank-further mortgage on same
Properties for additional facilities dated 23.11.2011. |
|
Date of instrument Creating the charge |
23.11.2011 |
|
Amount secured by the charge |
Rs.765.300 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest
Indian Bank: MTL: BR + TP (1.5%) + Spread of (2.75%) + 50% = 15.50%, OCC:
BR + TP of 0.5% + spread of 3.25 = 14.50%. Central Bank of India: MTL: Base Rate + 3.75% = 15.50%, OCC: Base Rate
+ 4.75% = 14.50%. SGB: MTL = PLR (Floating) = 15%. Terms of
Repayment Existing term loans of Rs. 264.200 Millions will be repayable in 19
quarterly installments commencing from December, 2011. Existing term loans of Rs. 21.100 Millions will be repayable in 19
quarterly installments commencing from December, 2011. Margin Indian Bank (in short IB) - Term Loans I to IV - 34.45%; Term Loan V -
34.78%; OCC 25% on Stocks and Book Debts; ILC
and Performance Guarantee-10% . Central Bank of India(in short CBI) - Term Loans I to IV - 34.45% ;
Term Loan V - 34.78%; OCC 25% on Stocks and Book Debts ; ILC - 25%, and Performance Guarantee - 10%. Sapthagiri Grameena Bank (in short SGB) - Term Loans I to IV - 34.45%
; Term Loan V - 34.78%. Extent and
Operation of the charge In this Consortium finance, Indian Bank is the Lead Banker. First pari
passu charge created by the Hypothecation and equitable mortgage on all the
current assets and all immovable properties fixed assets of the company in
favor of Indian Bank and Central Bank of India. First pari passu charge
created by way of Hypothecation and equitable mortgage on all movable and
immovable fixed assets only of the company in favor of Sapthagiri Grameena
Bank Others 1. Above said Charge is created in favour of Indian Bank,
Mogalrajapuram Branch, Vijayawada-lead Banker for an amount of Rs.444.800
Millions (OCC-Rs.180.000 Millions, LC-Rs.60.000 Millions, BG-Rs. 48.000
Millions, TL-Rs. 156.800 Millions) 2. Above said Charge is created in favour of Central Bank of India,
Benz circle, Vijayawada for an amount of Rs. 215.900 Millions (OCC-Rs.120.000
Millions, LC-Rs.40.000 Millions, BG-Rs.32.000 Millions, TL-Rs.23.900
Millions). 3.Above said Charge is created in favour of Saptagiri Grameena Bank
Vijayawada for Term Loan an amount of Rs.104.600 Millions |
|
Short particulars of the property or asset(s) charged (including complete
address and location of the property) |
Factory Land of Ac 20.77 cents in RS no.139/1, 139/2, 139/3, 139/4,
135/2 and 137/2 at Narasimharao Palem Village of Veerulapadu Mandal, Krishna
District in the name of the company with Building thereon. Plant and Machinery, Equipment, fittings, stocks and spare parts held
and are to be acquired by the company. Industrial Land of Ac 19.12 cents in RS no 118, 137/3, and 142/2 2 at
Narasimharao Palem Village of Veerulapadu Mandal,Krishna District in the name
of the company Industrial Land of Ac 6.90 cents in RS no 135/4, 5 and 6 at
Narasimharao Palem Village of Veerulapadu Mandal, Krishna District in the
name of the company. |
|
Date of instrument modifying the charge |
11.03.2010 |
|
Particulars of the present modification |
Additional Loan facility sanctioned for an amount of Rs.35.200
Millions. Hence total facility Limit is increased from Rs.730.100 to 765.300
Millions. Additional facility is secured by way of Deposit of title deeds deposited by the Company,
with Indian Bank (IB), Central Bank and Saptagiri Grameena Bank represented
by Mr. A. B .K. Sastry, Chief Manager, IB, Mogalrajapuram Branch, Vijayawada,
Lead Bank with intention to create security interest and or for the purpose
of securing the repayment of credit facilities. |
FIXED ASSETS:
·
Freehold Land
·
Buildings - Factory
Buildings
·
Plant and Machinery
·
Electrical Equipment
·
Computers
·
Office Equipment
·
Furniture and Fittings
·
Vehicles
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.56.05 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.