|
Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMR INDIA LIMITED (w.e.f. July, 2012) |
|
|
|
|
Formerly Known
As : |
AMR CONSTRUCTIONS LIMITED |
|
|
|
|
Registered
Office : |
Plot No.:88, Sari Konda Mansion, Phase III, Kamalapuri Colony,
Hyderabad – 500073, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.04.2001 |
|
|
|
|
Com. Reg. No.: |
01-036617 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.163.986
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201AP2001PLC036617 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDA01984D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA3750D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is primarily engaged in the business
of Erection and Construction of Roads, Building, Infrastructure, Irrigation,
Electrical and Mining Projects |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 20000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The latest financials are not made available with the government department. As per previous year’s record’s, the financial position of the company
is strong. Performance capability is good. 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 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BBB- (Long Term Bank Facilities) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
March, 2012 |
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.
LOCATIONS
|
Registered Office : |
Plot No.:88, Sari Konda Mansion, Phase III, Kamalapuri Colony,
Hyderabad – 500073, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23548862/ 23541561 |
|
Fax No.: |
91-40-23541621 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
“Sai Krupa”, D. No.8-3-833, Plot No.37 and 38, Phase – 1, Kamalapuri
Colony, Hyderabad – 500073, Andhra Pradesh, India |
|
Tel. No.: |
91-40-30570009 |
|
Fax No.: |
91-40-30570012/ 15 |
|
Email: |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Althuru Mahesh Reddy |
|
Designation : |
Managing Director |
|
Address : |
Flat No.106, Hanging Gardens, Road No.10, Banjara Hills, Hyderabad –
500034, Andhra Pradesh, India |
|
Date of Appointment : |
04.06.2001 |
|
DIN No.: |
00758625 |
|
|
|
|
Name : |
Mr. Althuru Girish Reddy |
|
Designation : |
Whole-time Director |
|
Address : |
Plot No.87, Road No.72, Jubilee Hills, Hyderabad – 500033, Andhra
Pradesh, India |
|
Date of Appointment : |
25.04.2001 |
|
DIN No.: |
01454094 |
|
|
|
|
Name : |
Mr. Audinarayana Reddy Althuri |
|
Designation : |
Director |
|
Address : |
Plot No.87, Road No.72, Jubilee Hills, Hyderabad – 500033, Andhra
Pradesh, India |
|
Date of Appointment : |
10.11.2003 |
|
DIN No.: |
01115788 |
|
|
|
|
Name : |
Mr. Subrata Kumar Mitra |
|
Designation : |
Nominee Director |
|
Address : |
1201, Phoenix Tower, B Wing, Senapati Bapat Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra, India |
|
Date of Birth/Age : |
16.01.1948 |
|
Date of Appointment : |
28.02.2011 |
|
Nominee Company : |
AVIGO PE Investments Limited |
|
DIN No.: |
00029961 |
|
|
|
|
Name : |
Mr. Babugowda Sangangowda Patil |
|
Designation : |
Director |
|
Address : |
149, 5th Cross, 10th Main, Rajamahal Vilas
Extension , Bangalore – 560080, Karnataka, India |
|
Date of Appointment : |
03.06.2008 |
|
DIN No.: |
00061959 |
|
|
|
|
Name : |
Mr. Harikrishnan Selvakumar |
|
Designation : |
Nominee Director |
|
Address : |
T-608, Purva Park Apartment, No.53, Mso Colony, Cox Town, Bg – 5,
Bangalore – 560005, Karnataka, India |
|
Date of Birth/Age : |
20.07.1974 |
|
Date of Appointment : |
12.01.2011 |
|
DIN No.: |
02139866 |
|
|
|
|
Name : |
Mrs. Kadayam Sankara Ramachandran |
|
Designation : |
Director |
|
Address : |
N-2/27, Phase – II, DLF City, Gurgaon – 122002, Haryana, India |
|
Date of Appointment : |
10.12.2007 |
|
DIN No.: |
01381957 |
KEY EXECUTIVES
|
Name : |
Mr. Suresh Kumar Vaishraj |
|
Designation : |
Secretary |
|
Date of Appointment : |
04.01.2008 |
|
PAN No.: |
AEPPV6317L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Althuru Mahesh Reddy |
|
4336438 |
|
Althuru Girish Reddy |
|
3687776 |
|
Audinarayana Reddy Althuri |
|
992783 |
|
A. Radhika Reddy |
|
215600 |
|
A. Latha Reddy |
|
325600 |
|
A. Sulochanamma Reddy |
|
243100 |
|
D. Subba Reddy |
|
1100 |
|
Top Mercantile Limited, India |
|
302290 |
|
Vansh Value Realty Private Limited, India |
|
302290 |
|
Swati Bhandarkar |
|
10000 |
|
Narendra S. Joshi |
|
10000 |
|
Metmin Investments Holdings Limited, Mauritius |
|
407631 |
|
Avigo PE Investment Limited, Mauritius |
|
5564178 |
|
Squadron South Asia, Hong Kong |
|
1373 |
|
Bond Street Custodians Limited, Australia |
|
686 |
|
Macquarie Investment Management Limited, Australia |
|
686 |
|
Total |
|
16401531 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
36.43 |
|
Bodies corporate |
|
3.68 |
|
Directors or relatives of directors |
|
59.77 |
|
Others |
|
0.12 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is primarily engaged in the
business of Erection and Construction of Roads, Building, Infrastructure, Irrigation,
Electrical and Mining Projects |
GENERAL INFORMATION
|
Customers : |
· Government of Andhra Pradesh · Government of Tamil Nadu · Rajiv Swagruha Corp Limited · The Singareni Collieries Company Limited · Mangalore Refinery and Petrochemicals Limited · Larsen and Toubro Limited · Madras Cements Limited · Grasim Cements · Gujarat industries Power Company Limited · India Cements Limited · Uranium Corp. Of India Limited · Indian Space Research Organization · Damodar Valley Corporation · Engineering Projects India Limited |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Yellabdyd Branch, Hyderabad, Andhra Pradesh, India · State Bank of Travancore · State Bank of Patiala Bank of Baroda · Bank of Maharashtra · IDBI Bank · State Bank of Bikaner and Jaipur · Barclays Bank · HDFC Bank · Standard Chartered Bank · ICICI Bank |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
SREI Equipment Finance Private Limited, Vishwakarma, 86C, Topsia Road,
Kolkata – 700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Akasam and Associates Chartered Accountant |
|
Address : |
“Akasam”, 10-1-17/1/1, Level 1 and 2, Masab Tank, Hyderabad – 500004,
Andhra Pradesh, India |
|
PAN No.: |
AADFA6112E |
|
|
|
|
Joint Venture : |
· AMRCL-MAYTAS-KBL-WEG CONSORTIUM · SPML-SEW-AMR · AMRCL-KCL (NF Railway Work) · KCL-AMRCL (GIPCL Work) · CCPL-AMRCL · PSR-AMRCL · DCPL-AMRCL · SKR -AMRCL · AMRCL-HARSHA · RITHWIK-AMR-MBL |
|
|
|
|
Subsidiaries : |
· AMR Malind Infra Private Limited CIN No.: U45204AP2006PTC050559 |
|
|
|
|
Associates : |
· AMR Agro Forms Limited · AMR Sangam Sugar Limited · Pavana Ganga Power Private Limited · AMR Hospitality Services Limited · AMRL International Tech City Limited · AMR Envergys Limited · AMR Global Services Limited |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000000 |
Equity Share |
Rs.10/- each |
Rs.210.000 Millions |
|
3000000 |
Preference Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.240.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16401531 |
Equity Share |
Rs.10/- each |
Rs.164.015
Millions |
|
2890997 |
Preference Shares |
Rs.10/- each
|
Rs.28.910 Millions
|
|
|
|
|
|
|
|
Total |
|
Rs.192.925 Millions |
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000000 |
Equity Share |
Rs.10/- each |
Rs.210.000 Millions |
|
3000000 |
Preference Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.240.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16398638 |
Equity Share |
Rs.10/- each |
Rs.163.986
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 |
163.986 |
163.986 |
163.986 |
|
|
2] Share Application Money |
899.999 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4025.886 |
2156.630 |
1550.877 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5089.871 |
2320.616 |
1714.863 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6536.679 |
5166.452 |
3240.733 |
|
|
2] Unsecured Loans |
495.036 |
1567.137 |
1066.814 |
|
|
TOTAL BORROWING |
7031.715 |
6733.589 |
4307.547 |
|
|
DEFERRED TAX LIABILITIES |
101.528 |
65.786 |
42.577 |
|
|
|
|
|
|
|
|
TOTAL |
12223.114 |
9119.991 |
6064.987 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3876.236 |
2727.711 |
1783.333 |
|
|
Capital work-in-progress |
0.000 |
13.290 |
1.133 |
|
|
|
|
|
|
|
|
INVESTMENT |
21.003 |
11.002 |
11.002 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3354.683
|
2516.142 |
1854.519 |
|
|
Sundry Debtors |
3173.916
|
2722.097 |
1822.083 |
|
|
Cash & Bank Balances |
449.950
|
697.194 |
236.680 |
|
|
Other Current Assets |
4712.321
|
2586.817 |
152.192 |
|
|
Loans & Advances |
1317.129
|
814.358 |
2054.859 |
|
Total
Current Assets |
13007.999
|
9336.608 |
6120.333 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1750.750
|
1360.170 |
268.702 |
|
|
Other Current Liabilities |
2205.995
|
994.267 |
1215.188 |
|
|
Provisions |
725.379
|
614.249 |
367.024 |
|
Total
Current Liabilities |
4682.124
|
2968.686 |
1850.914 |
|
|
Net Current Assets |
8325.875
|
6367.922 |
4269.419 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.066 |
0.100 |
|
|
|
|
|
|
|
|
TOTAL |
12223.114 |
9119.991 |
6064.987 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
13803.330 |
10530.556 |
7392.041 |
|
|
|
Other Income |
61.243 |
30.498 |
12.281 |
|
|
|
TOTAL (A) |
13864.573 |
10561.054 |
7404.322 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Accretion/(Decretion) of Inventories |
(653.283) |
(570.783) |
(630.217) |
|
|
|
Construction Expenses |
11387.095 |
8714.020 |
6396.348 |
|
|
|
Payments and Benefits to Employees |
249.110 |
219.132 |
163.082 |
|
|
|
Administrative and Selling Expenses |
279.246 |
281.475 |
146.154 |
|
|
|
Miscellaneous Expenses written-off |
0.066 |
0.033 |
0.033 |
|
|
|
TOTAL (B) |
11262.234 |
8643.877 |
6075.400 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2602.339 |
1917.177 |
1328.922 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
929.741 |
740.775 |
361.455 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1672.598 |
1176.402 |
967.467 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
439.929 |
276.307 |
183.415 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1232.669 |
900.095 |
784.052 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
417.440 |
306.130 |
274.705 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
815.229 |
593.965 |
509.347 |
|
|
|
|
|
|
|
|
|
|
Prior
Period Items |
0.000 |
0.000 |
3.375 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
815.229 |
593.965 |
505.972 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
49.71 |
36.22 |
40.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.88
|
5.62 |
6.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.93
|
8.55 |
10.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.30
|
7.46 |
9.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.39 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.38
|
2.90 |
2.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.78
|
3.15 |
3.31 |
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 |
Yes |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
DETAILS OF
UNSECURED LOANS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Debentures – Fully Paid (Unsecured Compulsorily Convertible) |
0.000 |
1054.026 |
|
Loans from others |
495.036 |
513.111 |
|
|
|
|
|
Total |
495.036 |
1567.137 |
PERFORMANCE OF THE
COMPANY:
The company has achieved gross revenue of Rs. 14517.856 Millions as compared to
Rs.11131.837 Millions in the previous financial year 2009-10 with a growth is 30.42%. Further the Company's net profit date d by 37.25% to Rs.815.229 Millions in the financial year as Compared
to Rs.593.965 Millions in the previous financial year 2009-10.
OUTLOOK
The Company primarily operates across the
following verticals -
Mining and Excavation: Excavation and Raising of
minerals such as coal, limestone, lignite and Iron Ore.
Infrastructure:
Infrastructure projects across segments like Irrigation and canal Work, Water
and Waste management, sewage construction, Electrification etc. and Civil
Construction: construction of building and other civil structures for various
Industries such as cement, sugar and steel, construction of housing units and
allied activities on contractual basis.
COMPANY BACKGROUND
Subject is a company incorporated in 2001
under the companies Act, 1956 providing infrastructure facilities.
The company is primarily engaged in the
business of Erection and Construction of Roads, Building, Infrastructure,
Irrigation, Electrical and Mining Projects.
CONTINGENT LIABILITIES NOT PROVIDED FOR
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In
Millions) |
|
|
Bank Guarantee |
4706.450 |
3507.024 |
|
Letter of Creditors |
301.464 |
135.067 |
|
Disputed Claim |
3.600 |
3.600 |
|
|
|
|
The Company has Litigation in respect of Crusher that was taken on lease for the execution
of Polavaram Project. Since the project
was suspended on orders from
Government, the asset was not
put to use and the lease rentals
were delayed and not provided in the books
of accounts. Pending judgment in the legal case, which the management
feels would be in their favour, no provision has been created. The expenditure
liability is expected to be
around Rs.3.600 Millions for
which the R is an equivalent amount with the lessor as a security deposit.
FIXED ASSETS
· Land
· Plant and Machinery
· Office Equipment
· Furniture and Fixtures
· Computers
· Vehicles
· Electronics Goods
· Temporary Sheds
WEBSITE DETAILS:
GROUP PROFILE:
AMR Constructions was established as a partnership firm in the year 1992, under the dynamic leadership of Mr. A. Mahesh Reddy. The company has diversified into various verticals such as mining, irrigation and construction and have excellent reputation in the industry. During the course of time, AMR has scaled enormous heights and successfully executed various civil projects across India and Nepal.
The Group executed prestigious projects for some of the most reputed companies like India Cements, Madras Cements, Grasim Cements and other Mineral Enterprises along with various State and Central government irrigation projects.
In the year 2001, the company was incorporated into a Public Limited Company. This was followed by various award winning milestones, such as Rashtriya Nirman Ratan Award, given by IEDRA in the year 2007 to Mr. Mahesh Reddy for his outstanding contribution to the Construction Industry, and subsequently The International Excellence Award in the year 2008 given to Mr. Girish Reddy (JMD) for Construction Quality and Design. Currently the group has over 240 million cubic meter contracts on hand
MILESTONES
·1992
Mr. A Mahesh Reddy started AMR Constructions along with his brother Mr. Girish
Reddy as a partnership firm.
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.54.43 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.