|
Report Date : |
05.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
RANAG INFRASTRUCTURE LIMITED |
|
|
|
|
Registered
Office : |
H.No.6-3-347/22/1,
Flat No.502, 5th Floor, Maruti Jalagam Residency, Dwarakapuri
Colony, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.02.2011 |
|
|
|
|
Com. Reg. No.: |
01-072723 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45203AP2011PLC072723 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDR07359C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCR1520C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Builder, Developer and Civil Contractor |
|
|
|
|
No. of Employees
: |
190 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new established company having moderate track.
Company has completed one full year of business operation and achieve
satisfactory turnover. Trade relations are reported to be fair. Business is
active. Payments are reported to be unknown. The company can be considered for business dealings with some caution.
|
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) |
|
|
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
|
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 PARTED BY
|
Name : |
Mr. Rajesh |
|
Designation : |
HR Department |
|
Contact No.: |
91-8790000926 |
|
Date : |
04.10.2012 |
LOCATIONS
|
Registered Office : |
H.No.6-3-347/22/1,
Flat No.502, 5th Floor, Maruti Jalagam Residency, Dwarakapuri
Colony, |
|
Tel. No.: |
91-40-23351686 |
|
Mobile No.: |
91-8790000926 (Mr. Rajesh) |
|
Fax No.: |
91-40-23356492 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No.184,
Phase-II, Kamalapuri
Colony, |
|
Tel. No.: |
91-40-23541686 |
|
E-Mail : |
DIRECTORS
|
Name : |
Mr. Yellcharla Satyanarayana Setty Rajasekhar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Lingam Venkateshmurthy Naveen |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
HR Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Y R Nagakrishna |
|
26000 |
|
Y R Subramanya |
|
9990 |
|
Y R Nagendra |
|
9990 |
|
Y R Aswathanarayana |
|
1330 |
|
Y |
|
10 |
|
Y |
|
10 |
|
Y |
|
10 |
|
Y R Nagabhushana |
|
1330 |
|
Y R Adishesha |
|
1330 |
|
Total |
|
50000 |
As on 21.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Yellcharla Satyanarayana Setty Rajasekhar |
|
50000 |
|
Lingam Venkateshmurthy Naveen |
|
100000 |
|
Malasetty Jagadeesh Malathesha |
|
60000 |
|
M J Nagesh |
|
50000 |
|
Kousalya Chintal K |
|
60000 |
|
M Nansiniradhavendra |
|
50000 |
|
Channarayapatna Ramakrishna Setty Suresh |
|
60000 |
|
Total |
|
430000 |
As on 30.12.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Builder, Developer and Civil Contractor |
|
|
|
|
Services : |
Infrastructure Development |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
190 (Approximately) |
|
|
|
|
Bankers : |
Axis Bank
Limited, Corporate Banking Branch, Ground and 1st Floor,
6-3-879/B, Greenlands, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Visweswara Rao and Associates Chartered Accountants |
|
Address : |
‘'SRI'’, Plot No.512A1, Road No.31, Jubilee Hills, |
|
Tel. No.: |
91-40-23546705/ 23548003 |
|
Fax No.: |
91-40-23548003 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACFV6616M |
CAPITAL STRUCTURE
After 30.12.2011
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 |
|
480000 |
Equity Shares |
Rs.10/- each |
Rs.4.800 millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
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]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.027) |
|
|
NETWORTH |
|
|
0.473 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.473 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.007 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.500 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.500 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.034 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.034 |
|
|
Net Current Assets |
|
|
0.466 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.473 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Audit Fee |
|
|
0.008 |
|
|
|
Office Maintenance |
|
|
0.001 |
|
|
|
Printing and Stationery |
|
|
0.001 |
|
|
|
Preliminary Expenses |
|
|
0.024 |
|
|
|
TOTAL |
|
|
0.034 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
(0.034) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
(0.007) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
(0.027) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
(0.027) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
|
(2.69) |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
70.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.150.000 millions
The above information has been parted by Mr. Rajesh (HR Department).
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(6.80) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
14.71 |
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 |
No |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last one year |
Yes |
|
12) Profitability for last one year |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
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 |
No |
|
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:
The registered office of the company has been shifted from H.No.8-3-678/SRM/RUBY/405, Flat No.405, Ruby Block, Sri Sairam Manor, Yusufguda, Hyderabad – 500 045, Andhra Pradesh to the present address w.e.f. 20.02.2012.
FINANCIAL RESULTS:
During the
Financial Year the Company did not start its commercial operations, and posted a
net loss of 0.034 million.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U45203AP2011PLC072723 |
|
Name of the company |
RANAG INFRASTRUCTURE LIMITED |
|
Address of the registered office or of the principal place of business in |
H.No.6-3-347/22/1,
Flat No.502, 5th Floor, Maruti Jalagam Residency, Dwarakapuri
Colony, E-Mail: yrnkrishna@hotmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable Property Book Debts Movable Property (not being pledge) |
|
Particular of charge holder |
Axis Bank Limited,
Corporate Banking Branch, Ground and 1st Floor, 6-3-879/B,
Greenlands, E-Mail: n.bapiraju@axisbank.com |
|
Nature of description of the instrument creating or modifying the
charge |
1. Hypothecation of Current Assets and Movables (Composite) 2. Sanction Letter |
|
Date of instrument Creating the charge |
17.03.2012 |
|
Amount secured by the charge |
Rs.7.000 millions |
|
Brief particulars of the principal terms an conditions and extent and
operation of the charge |
Rate of Interest: CC: Base Rate + 4.75%, i.e. 14.75% (present base rate is 10.00%) Terms of Repayment: On demand Margin: CC: Stock and Receivables - 25% (Receivables upto 60 days will only be
eligible for drawing power calculations) ILC and BG Limit: Cash Margin:20% Extent and Operation of the charge: Working Capital facility (Cash Credit) of Rs.7.000 millions has been
sanctioned by Axis Bank Limited with a sub limit of Inland Letter of Credit
of Rs.3.000 millions and Bank Guarantee Limit of Rs.3.000 millions. |
|
Short particulars of the property charged |
Primary Security: Exclusive Charge on entire Current Assets of the Company
both present and future of the concern. Collateral Security: Exclusive Charge on the entire fixed assets of
the Company both Equitable mortgage of the Residential Flat No.405, Fourth
Floor, Sai Ram Manor (Phase-1), Ruby Block, Plot No.18, 19, 24 to 26, Sy
Nos.80 to 87 and 89, Yellareddy Guda, Equitable mortgage of residential flat bearing No.202 in second floor
of |
|
Whether any of the property or interest therein under reference is not
registered in the name of the company If yes, in whose name it is registered |
Yes Y.R. Nagakrishna and Y.R. Nagaraja being the personal properties
offered as security |
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.51.97 |
|
|
1 |
Rs.83.67 |
|
Euro |
1 |
Rs.67.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
31 |
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.