MIRA
INFORM REPORT
|
Report Date : |
12.08.2013 |
|
|
|
|
Tel. No.: |
040-23418805/806/807 |
|
Fax No.: |
040-23417117 |
Note:
The registered office of the company has been shifted from Flat No.405, Vamsee Estates, Ameerpet Hyderabad – 500016, Andhra Pradesh
India
to present address w.e.f. 12.12.2012
IDENTIFICATION DETAILS
|
Name : |
P S K INFRASTRUCTURES AND PROJECTS PRIVATE LIMITED (w.e.f. 03.04.2013) |
|
|
|
|
Formerly Known
As : |
P S K INFRASTRUCTURES AND PROJECTS LIMITED |
|
|
|
|
Registered
Office : |
# 8-2-248/1/7/51, Plot No.51, Nagarjuna Hills, Punjagutta, Hyderabad - 500 082, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.06.2007 |
|
|
|
|
Com. Reg. No.: |
01-054435 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 157.763 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400AP2007PTC054435 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP2886L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction Activity |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for normal business dealings 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BB |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation |
|
Date |
May 2013 |
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-cooperative (040-23417117)
LOCATIONS
|
Registered Office : |
# 8-2-248/1/7/51, Plot No.51, Nagarjuna Hills, Punjagutta,
Hyderabad - 500 082, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23418805/06/07 |
|
Fax No.: |
91-40-23417117 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sudhakar Putta |
|
Designation : |
Managing Director |
|
Address : |
From Flat No.405, Vamsee Estates, Ameerpet
Hyderabad – 500016, Andhra Pradesh India |
|
Date of Birth/Age : |
01.07.1963 |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
01751654 |
|
|
|
|
Name : |
Mr. Kumar Mahesh Putta |
|
Designation : |
Whole-Time Director |
|
Address : |
From Flat No.405, Vamsee Estates, Ameerpet
Hyderabad – 500016, Andhra Pradesh India |
|
Date of Birth/Age : |
10.04.1985 |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
01853197 |
|
|
|
|
Name : |
Ms. Vijayalakshmi Putta |
|
Designation : |
Director |
|
Address : |
From Flat No.405, Vamsee Estates, Ameerpet
Hyderabad – 500016, Andhra Pradesh India |
|
Date of Birth/Age : |
12.08.1968 |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
01883940 |
|
PAN No.: |
ADHPV7073L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Putta Sudhakar |
|
8116230 |
|
Putta Mahesh Kumar |
|
316520 |
|
Putta Vijaya Lakshmi |
|
173250 |
|
Putta Venkatasubbaiah |
|
951570 |
|
Putta Anand |
|
608740 |
|
Putta Prasad |
|
790380 |
|
Putta Sankar |
|
785650 |
|
Y.Krishnaiah |
|
300000 |
|
Y.Kesava |
|
400000 |
|
I. Ramamohan Reddy |
|
433300 |
|
P.Ramanaiah |
|
566700 |
|
Y.Ramasubbiah |
|
898000 |
|
Y.Subbaramamma |
|
562000 |
|
N.Veeraiah |
|
874000 |
|
Total |
|
15776340 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
74.43 |
|
Others |
25.57 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity |
||||
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||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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|||||||||||||||||||||
|
Bankers : |
· Corporation Bank, Plot No.1260a, Raod No.63,Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point,, Mumbai - 400021, Maharashtra, India · Axis Bank Limited, Trishul 3rd Floor Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India |
|||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial Institutions : |
· L and T FINANCE LIMITED, L and T House, Ballard Estate, Mumbai - 400001, Maharashtra, India · Tata Capital Limited, One Forbes, Dr V B Gandhi Marg,Fort, Mumbai - 400001, Maharashtra, India · Bajaj Finance Limited, Akurdi Pune, Pune - 411035, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Madu K Reddy Associates Chartered Accountants |
|
Address : |
306, vamsee Estates, Opposite Sitara Hotel, Hyderabad – 500016, Andhra Pradesh, India |
|
PAN No.: |
AAIFM5483B |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Shares |
Rs.10/- each |
Rs.170.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15776340 |
Equity Shares |
Rs.10/- each |
Rs.157.763 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
157.763 |
134.423 |
|
(b) Reserves & Surplus |
|
388.300 |
264.872 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
546.063 |
399.295 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
67.816 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
25.385 |
12.150 |
|
(c) Other long term liabilities |
|
154.031 |
41.333 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
247.232 |
53.483 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
100.608 |
2.819 |
|
(b) Trade payables |
|
284.647 |
194.957 |
|
(c) Other current
liabilities |
|
2.021 |
60.695 |
|
(d) Short-term provisions |
|
16.582 |
20.827 |
|
Total Current Liabilities (4) |
|
403.858 |
279.298 |
|
|
|
|
|
|
TOTAL |
|
1197.153 |
732.076 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
449.730 |
292.170 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.528 |
0.528 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
43.313 |
21.851 |
|
(e) Other Non-current assets |
|
17.537 |
26.198 |
|
Total Non-Current Assets |
|
511.108 |
340.747 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
26.252 |
15.369 |
|
(c) Trade receivables |
|
520.476 |
175.140 |
|
(d) Cash and cash
equivalents |
|
50.552 |
114.284 |
|
(e) Short-term loans and
advances |
|
35.473 |
50.390 |
|
(f) Other current assets |
|
53.292 |
36.146 |
|
Total Current Assets |
|
686.045 |
391.329 |
|
|
|
|
|
|
TOTAL |
|
1197.153 |
732.076 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
125.473 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
204.091 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
329.564 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
24.090 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
24.090 |
|
|
DEFERRED TAX LIABILITIES |
|
|
8.940 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
362.594 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
313.491 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
77.047 |
|
|
Sundry Debtors |
|
|
157.017 |
|
|
Cash & Bank Balances |
|
|
64.839 |
|
|
Other Current Assets |
|
|
36.208 |
|
|
Loans & Advances |
|
|
49.297 |
|
Total
Current Assets |
|
|
384.408 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
163.929 |
|
|
Other Current Liabilities |
|
|
136.044 |
|
|
Provisions |
|
|
35.332 |
|
Total
Current Liabilities |
|
|
335.305 |
|
|
Net Current Assets |
|
|
49.103 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
362.594 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1042.364 |
1487.186 |
2193.348 |
|
|
|
Other Income |
52.931 |
45.399 |
20.339 |
|
|
|
TOTAL (A) |
1095.295 |
1532.585 |
2213.687 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
662.558 |
311.723 |
|
|
|
|
Employee benefit expense |
16.856 |
24.734 |
2091.756 |
|
|
|
Other expenses |
311.557 |
1123.908 |
|
|
|
|
TOTAL (B) |
990.971 |
1460.365 |
2091.756 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
104.324 |
72.220 |
121.931 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.068 |
4.764 |
16.606 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
88.256 |
67.456 |
138.537 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
32.029 |
28.419 |
25.196 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
56.227 |
39.037 |
113.341 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
26.159 |
14.056 |
38.387 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
30.068 |
24.981 |
74.954 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.91 |
1.86 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
2.75
|
1.63 |
3.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.13
|
2.62 |
5.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.70
|
5.34 |
16.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.10 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31
|
0.01 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70
|
1.40 |
1.15 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
CORPORATE INFORMATION
Subject was seeded in 2007 with its registered office at Hyderabad. Starting as a proprietary concern in the year 1979 undertaken various works both in Andhrapradesh and Karnataka and later promoted as special class contractor executed several Road Projects. In the year 2005 the proprietary concern was later converted into partnership firm as M/s Sudhakar constructions. As on now the company executed many NHAI projects successfully. Company is fully equipped with contemporary, apt and sophisticated plant and machinery required for NHAI projects.
FUTURE OPPORTUNITIES
AND GROWTH
Government of India has taken a mission for improvement of road infrastructure in the country. An ambitious National Highway Development Project (NHDP) has been taken up into seven phases whereby around 26,000 km. length of National Highways is to be upgraded to 4-lane divided carriage facility, 6,500 km of National Highways to be upgraded to six lane facilities, 20,000 of existing deficient stretches to be improved to two lane with paved shoulder facility, construction of 1,000 km. of expressways and construction of bypasses, ring roads, flyovers, etc. at major locations. The implementation of these phases now would be mainly through Public Private Partnership (PPP) for attracting private capital, improving efficiencies and optimizing the cost. Several states are also pursuing programmes for development of state highways and roads through Public Private Partnership.
The number of infrastructure companies which are eligible to bag the works are very limited compared to such huge expansion.PSK is qualified with almost all the companies to handle these projects on back to back basis. As on date the available equipment with PSK can cater to execute the highway project works to a tune of Rs.10000.000 Millions PSK is planning to procure additional equipment in a phased manner such that the total equipment will be made available to execute Rs.15000.000 Millions there by enabling to achieve yearly turnover of Rs.3000.000 Millions.
Many Infrastructure companies like IVRCL,ILFS, Gammon India, GMR, Soma, Navayuga, SEW, Sadbhava and Madhucon have come forward to conclude pre-tendering MOUs, which will result in NH projects awarded to them will be executed by the company on back to back basis. Your company is already in possession of latest sophisticated equipments for execution of Highway projects and if necessary more investment will be made to meet the requirement on the basis of future orders.
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Bank Guarantee outstanding: |
219.500 |
143.700 |
asas
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10429476 |
05/06/2013 |
4,551,750.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B76475375 |
|
2 |
10399145 |
10/12/2012 |
1,779,276.00 |
L AND T FINANCE LIMITED |
L and T HOUSE, BALLARD ESTATE, MUMBAI, Maharashtra - 400001, INDIA |
B66519547 |
|
3 |
10394573 |
30/11/2012 |
2,078,662.00 |
L AND T FINANCE LIMITED |
L and T HOUSE, BALLARD ESTATE, MUMBAI, Maharashtra - 400001, INDIA |
B65022089 |
|
4 |
10380595 |
08/10/2012 |
34,650,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra -400021, INDIA |
B59707455 |
|
5 |
10365810 |
29/06/2012 |
30,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B43743095 |
|
6 |
10359011 |
19/05/2012 |
6,283,800.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B40931404 |
|
7 |
10360907 |
15/05/2012 |
2,475,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035, INDIA |
B41746405 |
|
8 |
10360911 |
12/05/2012 |
3,042,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035, INDIA |
B41747312 |
|
9 |
10354924 |
23/04/2012 |
17,704,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035, INDIA |
B39395769 |
|
10 |
10354920 |
21/04/2012 |
5,309,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035, INDIA |
B39394929 |
|
11 |
10346081 |
15/03/2012 |
1,605,820.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035, INDIA |
B36496404 |
|
12 |
10343612 |
24/02/2012 |
4,300,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035, INDIA |
B35599596 |
|
13 |
10336181 |
31/01/2012 |
9,998,944.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006, INDIA |
B32360604 |
|
14 |
10334411 |
25/01/2012 |
60,846,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B31622855 |
|
15 |
10331286 |
31/12/2011 |
9,272,245.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B30397947 |
|
16 |
10320997 |
29/11/2011 |
2,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B26777979 |
|
17 |
10321128 |
28/10/2011 |
20,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035, INDIA |
B26842450 |
|
18 |
10317626 |
21/10/2011 |
7,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B25290883 |
|
19 |
10294045 |
16/05/2011 |
6,270,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001, INDIA |
B15744873 |
|
20 |
10294050 |
13/05/2011 |
6,289,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG, FORT, MUMBAI, Maharashtra - 400001, INDIA |
B15745557 |
|
21 |
10289784 |
25/04/2011 |
12,400,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG, FORT, MUMBAI, Maharashtra - 400001, INDIA |
B14126999 |
|
22 |
10099356 |
26/06/2009 * |
680,000,000.00 |
CORPORATION BANK |
PLOT NO.1260A, RAOD NO.63, JUBILEE HILLS, HYDERABAD, Andhra Pradesh - 500033, INDIA |
A67607317 |
* Date of charge modification
FIXED ASSETS
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
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.61.12 |
|
|
1 |
Rs.94.77 |
|
Euro |
1 |
Rs.81.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.