MIRA INFORM REPORT
|
Report Date : |
14.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAI SUDHIR INFRASTRUCTURES LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 27, Vidyut Nagar, New Town, Anantapur-515001, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.12.2005 |
|
|
|
|
Com. Reg. No.: |
01-048258 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1599.741
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200AP2005PLC048258 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction Activity. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 13760000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Rating
takes into account stretched debtor position leading to slowness in liquidity
profile of the company. Increasing interest burden has impacted the
profitability in 2012. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings at usual 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 – 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 |
BBB – [Long Term Bank Facilities] |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
04.01.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
BBB – [Long Term Bank Facilities] |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
04.01.2013 |
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 BY
Management non co-operative [91-40-23543470]
LOCATIONS
|
Registered Office : |
Plot No. 27, Vidyut Nagar, New Town, Anantapur-515001, Andhra Pradesh,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Flat No. 301, G.P. Elite, 8-2-283/4, Road No. 14, Banjara Hills,
Hyderabad-500034, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23543470 / 23554036 / 38 |
|
Fax No.: |
91-40-23543471 |
|
E-Mail : |
|
|
|
|
|
Regional Office : |
HUBLI Flat No. 3496/11, Near Hindu Bhavan, Shivagiri, Hubli-580031,
Karnataka, India Tel No.: 91-836-2271067 Email: hubli@saisudhirinfra.net BANGALORE No. 1, 2nd Floor, 3rd Phase, Shanthivana,
Sahakara Nagar, Kodigehalli, Bangalore-560092, Karnataka, India Tel No.: 91-80-22793981 Email: Bangalore@saisudhirinfra.net |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Duddukunta Sreedhar Reddy |
|
Designation : |
Managing Director |
|
Address : |
S-3, Banjara Springs, Mruthula Nagar, Road No. 10, Banjara Hills,
Hyderabad-500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1970 |
|
Date of Appointment : |
01.12.2005 |
|
Din No.: |
01686195 |
|
|
|
|
Name : |
Mr. Venkatarami Reddy Duddukunta |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No. 27, Vidyut Nagar, New Town, Anantapur-515001, Andhra Pradesh,
India |
|
Date of Birth/Age : |
28.04.1945 |
|
Date of Appointment : |
01.12.2005 |
|
Din No.: |
01731930 |
|
|
|
|
Name : |
Mr. Koppisetty Srinivas |
|
Designation : |
Director |
|
Address : |
Flat No. 304, Building No. 15, Mhada Residential Complex, Oshiwara,
Andheri (West), Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
17.05.1963 |
|
Date of Appointment : |
05.08.2008 |
|
Din No.: |
00514607 |
|
|
|
|
Name : |
Venkata Kutumba Surya Vara Prasad Ayachitula |
|
Designation : |
Whole Time Director |
|
Address : |
2-1-218, Nagole, Venkatramana Cly Ward – 5, Ranga Reddy-500043, Andhra
Pradesh, India |
|
Date of Birth/Age : |
25.09.1951 |
|
Date of Appointment : |
01.04.2011 |
|
Din No.: |
01913220 |
|
|
|
|
Name : |
Mr. Keshavamurthyrao Ramachandra Rao |
|
Designation : |
Whole Time Director |
|
Address : |
# 506, 6th Main, 4th Stage, BEML Layout, R R
Nagar, Bangalore-560098, Karnataka, India |
|
Date of Birth/Age : |
10.08.1946 |
|
Date of Appointment : |
01.02.2008 |
|
Din No.: |
02129572 |
|
|
|
|
Name : |
Mr. Raghuveer Kumar Mendu |
|
Designation : |
Director |
|
Address : |
26710 Fond Dulac RD, Rncho PLS VRD, CA – 90275, USA |
|
Date of Birth/Age : |
01.01.1958 |
|
Date of Appointment : |
11.10.2008 |
|
Din No.: |
02152584 |
|
|
|
|
Name : |
Cater Todd John |
|
Designation : |
Director |
|
Address : |
1820, T ST NW #6, Washington DC 200097133 USA |
|
Date of Birth/Age : |
11.12.1972 |
|
Date of Appointment : |
10.12.2010 |
|
Din No.: |
03329543 |
KEY EXECUTIVES
|
Name : |
Ms. Monika Chalotra |
|
Designation : |
Secretary |
|
Address : |
Plot No. 339, Road No. 79, Jubilee Hills, Hyderabad-500033, Andhra
Pradesh, India |
|
Date of Birth/Age : |
22.03.1976 |
|
Date of Appointment : |
16.08.2008 |
|
Pan No.: |
ACEPC1893K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Equity
Shares |
|
Venkatarami Reddy Duddukunta |
2022628 |
|
D. Padmavathamma |
126628 |
|
Duddukunta Sreedhar Reddy |
23786052 |
|
D. Aparna |
2841092 |
|
BTS India Private Equity Fund Limited, Mauritius |
10098108 |
|
Ventureast Proactive Fund LLC, Mauritius |
4259888 |
|
Ventureast Sedco Proactive Fund LLC, Mauritius |
380688 |
|
Sai Sudhir Employee Trust Represented By Its Trustees, Mauritius |
2188856 |
|
GEEMF III Holding MU, Mauritius |
100 |
|
Names of Shareholders |
No. of Preferences Shares [CCPS-A Series] |
No. of Preferences Shares [CCPS-B Series] |
|
BTS India Private Equity Fund Limited, Mauritius |
1000000 |
-- |
|
Ventureast Proactive Fund LLC, Mauritius |
421850 |
-- |
|
Ventureast Sedco Proactive Fund LLC, Mauritius |
37699 |
-- |
|
Sai Sudhir Employee Trust Represented By Its Trustees, Mauritius |
-- |
-- |
|
GEEMF III Holding MU, Mauritius |
-- |
11499975 |
|
|
|
|
|
TOTAL
|
1459549 |
11499975 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
32.25 |
|
Directors
or relatives of directors |
|
62.96 |
|
Other
|
|
4.79 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of Hyderabad, Overseas Branch, 6-3-652, Kautilya,
Somajiguda, Hyderabad-500082, Andhra Pradesh, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company Chartered Accountants |
|
Address : |
7th Floor, Block III, White House, Kundan Bagh, Begumpet,
Hyderabad, Andhra Pradesh, India |
|
PAN No: |
AAAFW4298E |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Jointly
Controlled Operations : |
|
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
48500000 |
Equity Shares |
Rs.10/- each |
Rs.485.000 Millions |
|
1500000 |
Preferences Shares [CCPS-A Series] |
Rs.10/- each |
Rs.15.000 Millions |
|
11500000 |
Preferences Shares [CCPS-B Series] |
Rs.100/- each |
Rs.1150.000 Millions |
|
|
TOTAL
|
|
Rs.1650.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
45703680 |
Equity Shares |
Rs.10/- each |
Rs.457.037 Millions
|
|
1459549 |
Preferences Shares [CCPS-A Series] |
Rs.10/- each |
Rs.14.595
Millions |
|
11499975 |
Preferences Shares [CCPS-B Series] |
Rs.100/- each |
Rs.1149.997
Millions |
|
|
TOTAL
|
|
Rs.1621.629 Millions |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
48500000 |
Equity Shares |
Rs.10/- each |
Rs.485.000 Millions |
|
1500000 |
Preferences Shares [CCPS-A Series] |
Rs.10/- each |
Rs.15.000 Millions |
|
11500000 |
Preferences Shares [CCPS-B Series] |
Rs.100/- each |
Rs.1150.000 Millions |
|
|
TOTAL
|
|
Rs.1650.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
43514824 |
Equity Shares |
Rs.10/- each |
Rs.435.148
Millions |
|
1459549 |
Preferences Shares [CCPS-A Series] |
Rs.10/- each |
Rs.14.595
Millions |
|
11499975 |
Preferences Shares [CCPS-B Series] |
Rs.100/- each |
Rs.1149.998
Millions |
|
|
TOTAL
|
|
Rs.1599.741 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 |
|
1599.741 |
430.479 |
|
(b) Reserves & Surplus |
|
1835.494 |
1248.798 |
|
(c) Money
received against share warrants |
|
6.501 |
6.501 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
1149.997 |
|
Total Shareholders’ Funds (1) + (2) |
|
3441.736 |
2835.775 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
|
202.880 |
59.345 |
|
(b) Deferred tax
liabilities (Net) |
|
1.964 |
0.000 |
|
(c)
Other long term liabilities |
|
15.376 |
34.187 |
|
(d)
long-term provisions |
|
13.683 |
8.932 |
|
Total
Non-current Liabilities (3) |
|
233.903 |
102.464 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
2156.942 |
2006.968 |
|
(b)
Trade payables |
|
4328.614 |
2651.944 |
|
(c)
Other current liabilities |
|
1353.308 |
462.989 |
|
(d)
Short-term provisions |
|
43.111 |
109.169 |
|
Total
Current Liabilities (4) |
|
7881.975 |
5231.070 |
|
|
|
|
|
|
TOTAL |
|
11557.614 |
8169.309 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
783.654 |
467.059 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
7.466 |
6.708 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b)
Non-current Investments |
|
810.361 |
111.073 |
|
(c)
Deferred tax assets (net) |
|
0.000 |
3.567 |
|
(d) Long-term Loan and Advances |
|
161.921 |
115.435 |
|
(e)
Other Non-current assets |
|
445.434 |
772.054 |
|
Total
Non-Current Assets |
|
2208.836 |
1475.896 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
149.765 |
92.729 |
|
(c)
Trade receivables |
|
5752.903 |
2999.051 |
|
(d)
Cash and cash equivalents |
|
746.197 |
1005.425 |
|
(e)
Short-term loans and advances |
|
272.097 |
342.870 |
|
(f)
Other current assets |
|
2427.816 |
2253.338 |
|
Total
Current Assets |
|
9348.778 |
6693.413 |
|
|
|
|
|
|
TOTAL |
|
11557.614 |
8169.309 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
222.537 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
877.261 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1099.798 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1537.279 |
|
|
2] Unsecured Loans |
|
|
3.942 |
|
|
TOTAL BORROWING |
|
|
1541.221 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2641.019 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
382.271 |
|
|
Capital work-in-progress |
|
|
11.775 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.361 |
|
|
DEFERREX TAX ASSETS |
|
|
8.209 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
35.495 |
|
|
Sundry Debtors |
|
|
2976.348 |
|
|
Cash & Bank Balances |
|
|
607.980 |
|
|
Other Current Assets |
|
|
531.650 |
|
|
Loans & Advances |
|
|
96.827 |
|
Total
Current Assets |
|
|
4248.300 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1801.872 |
|
|
Other Current Liabilities |
|
|
68.438 |
|
|
Provisions |
|
|
139.587 |
|
Total
Current Liabilities |
|
|
2009.897 |
|
|
Net Current Assets |
|
|
2238.403 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2641.019 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8199.778 |
7382.344 |
4017.405 |
|
|
|
Other Income |
97.683 |
58.061 |
20.815 |
|
|
|
TOTAL (A) |
8297.461 |
7440.405 |
4038.220 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2354.722 |
1579.159 |
|
|
|
|
Purchases of Stock in Trade |
0.000 |
107.525 |
3342.895 |
|
|
|
Employee Benefit Expenses |
232.508 |
136.699 |
|
|
|
|
Other Expenses |
4344.547 |
4356.742 |
|
|
|
|
TOTAL (B) |
6931.777 |
6180.125 |
3342.895 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1365.684 |
1260.280 |
695.325 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
523.255 |
311.378 |
168.370 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
842.429 |
948.902 |
526.955 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
66.472 |
38.903 |
39.854 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
775.957 |
909.999 |
487.101 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
266.319 |
317.942 |
173.702 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
509.638 |
592.057 |
313.399 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
|
|
|
|
|
|
Basic |
12.24 |
14.24 |
7.64 |
|
|
|
Diluted |
9.34 |
10.44 |
7.64 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.14
|
7.95 |
7.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.46
|
12.33 |
12.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.23
|
11.31 |
10.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.32 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.69
|
0.73 |
1.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19
|
1.27 |
2.11 |
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 |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10404569 |
29/12/2012 |
30,560,980.00 |
SHRIRAM
EQUIPMENT FINANCE COMPANY LIMITED |
MOOKAMBIKA
COMPLEX, 3RD FLOOR, NO.4. LADY DESIKA |
B68642578 |
|
2 |
10383038 |
28/09/2012 |
1,329,558.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR.
V. B. GANDHI MARG, FORT, MUMBAI - 400001, |
B60722642 |
|
3 |
10383032 |
27/09/2012 |
32,850,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR.
V. B. GANDHI MARG, FORT, MUMBAI - 400001, |
B60720638 |
|
4 |
10373618 |
22/07/2012 |
27,846,878.00 |
SREI Equipment
Finance Private Limited |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
B56870637 |
|
5 |
10374032 |
11/07/2012 |
128,810.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-, PUNE-
411035, MAHARASHTRA, INDIA |
B57065419 |
|
6 |
10374034 |
11/07/2012 |
8,788,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE- 411035, MAHARASHTRA, INDIA |
B57065633 |
|
7 |
10374031 |
11/07/2012 |
10,476,835.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE- 411035, MAHARASHTRA, INDIA |
B57065112 |
|
8 |
10337233 |
31/01/2012 |
9,927,500.00 |
RELIANCE CAPITAL
LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI -
400710, MAHARASHTRA, INDIA |
B32823759 |
|
9 |
10338811 |
04/03/2013 * |
2,200,000,000.00 |
STATE BANK OF
HYDERABAD |
OVERSEAS BRANCH,
6-3-652, KAUTILYA, SOMAJIGUDA,, |
B71520324 |
|
10 |
10330627 |
31/12/2011 |
48,000,000.00 |
DHANLAXMI BANK
LIMITED |
DHANALAKSHMI
BANK BUILDINGNAICKANAL, NAICKANAL, TRICHUR - 680001, KERALA, INDIA |
B30173603 |
|
* Date of charge modification |
||||||
BUSINESS OPERATIONS:
India is one of the
fastest growing economies in the world. Consequently, the need for
infrastructure facilities is ever growing, across sectors. The development of
adequate infrastructure has been identified as the most critical prerequisite
for sustaining the current growth momentum of the economy and to ensure
inclusiveness of the growth process.
The infrastructure
sector in India has witnessed encouraging growth in the last few years, thanks
in to governmental initiatives at various levels which have paved the way for
increased and growing participation of the private sector in developing the
infrastructure of the country. The Government has laid down ambitious plans for
development and up gradation of the domestic road network. Private sector
participation through PPPs is being actively encouraged to achieve greater
efficiencies in development, operation and maintenance.
The company took
various strategic initiatives to improve its volume and profitability; however
the Company has made a satisfactory performance for the financial year. During
the year company has achieved a Gross turnover of Rs. 8410.800 Millions against
previous year turnover of Rs.7499.100 Millions and made a profit of Rs.776.000
Millions (PBT) against previous year profit of Rs. 909.900 Millions (PBT).
During the year business performance of the company has been satisfactory and
the company’s turnover has been increased by 12.16% compared to last financial
year. The Company expects for a bright future in the coming years.
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 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.61.43 |
|
|
1 |
Rs.95.07 |
|
Euro |
1 |
Rs.81.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.