|
Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
KMC CONSTRUCTIONS LIMITED (w.e.f. 29.03.1994) |
|
|
|
|
Formerly Known
As : |
KMC CONSTRUCTIONS PRIVATE LIMITED (w.e.f.
21.12.1993) KRISHNA MOHAN CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Door
No.1-80/40/SP/58-65, Shilpa Homes Layout, Near |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
04.01.1993 |
|
|
|
|
Com. Reg. No.: |
01-015200 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.159.857
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200AP1993PLC015200 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDK00742A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction and maintenance of roads, railbeds, bridges, tunnels, pipelines,
ropeways, ports, harbors and runways. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 16928000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
management has failed to file its financials for year 2010-2011 and
2011-2012. As per previous year’s there seems delay in the execution of several
projects which affects the liquidity position of the company. The external
borrowing of the company appears to be huge. However, the subject gets good supports from its group companies and
networth seems to be strong. Trade relations are reported to be fair. Business is active. Payments
are 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
C |
|
Date |
December, 2012 |
Note:
The company has suspended its rating (ICRA) C
due to lack of information.
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 has been found enlisted as a
defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’
list as of 31-03-2012.
INFORMATION DECLINED
Management Non-Cooperative
Tel. No.: 91-80-41289821
LOCATIONS
|
Registered Office/ Corporate Office 1 : |
Door
No.1-80/40/SP/58-65, Shilpa Homes Layout, Near |
|
Tel. No.: |
91-40-23189999 |
|
Fax No.: |
91-40-23189000 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office 2 : |
Plot No.85, Road No.72, Prashasan Nagar,
Jubilee Hills, |
|
Tel. No.: |
91-40-23558061-63/ 23556103-04 |
|
Fax No.: |
91-40-23558060 |
|
|
|
|
Branch Office 1 : |
Suite No.582, Hotel Samrat, Kautilya Marg, |
|
Tel. No.: |
91-11-26874230 |
|
Fax No.: |
91-11-26875230 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
# 3423, 3rd Cross, 10th |
|
Tel. No.: |
91-80-41289821/ 22 |
|
Fax No.: |
91-80-41289823 |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Mekapati Goutham Reddy |
|
Designation : |
Managing Director |
|
Address : |
Plot No.188 and 189, Road No.13, Jubilee Hills, |
|
Date of Birth/Age : |
02.11.1971 |
|
Qualification : |
M. Sc. ( |
|
Date of Appointment : |
01.09.2004 |
|
DIN No.: |
00044471 |
|
|
|
|
Name : |
Mr. Mekapati Vikram Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.188 and 189, Road No.13, Jubilee Hills, |
|
Date of Birth/Age : |
13.01.1973 |
|
Qualification : |
M.S. ( |
|
Date of Appointment : |
01.04.2002 |
|
DIN No.: |
00044530 |
|
|
|
|
Name : |
Mr. Mekapati Pruthvi Kumar Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.188 and 189, Road No.13, Jubilee Hills, |
|
Date of Birth/Age : |
01.04.1975 |
|
Qualification : |
M.S. ( |
|
Date of Appointment : |
22.03.2004 |
|
DIN No.: |
00044212 |
|
|
|
|
Name : |
Mr. Jonnala Prabhakar Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
P-592, F-303, N.S. |
|
Date of Birth/Age : |
06.02.1963 |
|
Date of Appointment : |
30.11.2007 |
|
DIN No.: |
01924863 |
|
|
|
|
Name : |
Mr. Shujaat Ghousuddin Khan |
|
Designation : |
Director |
|
Address : |
80C, MLA Colony, Road No.12, Banjara Hills, |
|
Date of Birth/Age : |
18.01.1970 |
|
Date of Appointment : |
31.05.2007 |
|
DIN No.: |
00526891 |
KEY EXECUTIVES
|
Name : |
Marella Venkata Reddy |
|
Designation : |
Secretary |
|
Address : |
201, Poojitha’s Pride, Plot No.119/HIG, 6th Phase, KPHB
Kukatpally, |
|
Date of Birth/Age : |
05.03.1972 |
|
Date of Appointment : |
05.08.2009 |
|
|
|
|
Senior Management |
|
|
Name : |
D. Bangaraju |
|
Designation : |
Senior Consultant |
|
|
|
|
Name : |
Cdr S.K. Naresh |
|
Designation : |
President, HR and SSU |
|
|
|
|
Name : |
Dr. T. Krishna Reddy |
|
Designation : |
Head (Internal Audits) |
|
|
|
|
Name : |
J.N. Bhaskara Murty |
|
Designation : |
AVP (PPMCC) |
|
|
|
|
Name : |
M.K. Dasgupta |
|
Designation : |
V.P. |
|
|
|
|
Name : |
D.J. Nehru |
|
Designation : |
C.G.M. |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Mekapati Raja Mohan Reddy |
|
2744712 |
|
Mekapati Goutham Reddy |
|
2936690 |
|
Mekapati Vikram Reddy |
|
2807199 |
|
Mekapati Pruthvi Kurnar Reddy |
|
3146190 |
|
Mekapati Mani Manjari |
|
400009 |
|
Mekapati Sri Kirthi Reddy |
|
100 |
|
Mekapati Rachita Reddy |
|
100 |
|
Ares Investments, |
|
1953782 |
|
Infrastructure Development Finance Company Limited (IDFC), |
|
542977 |
|
SEQUOIA Capital |
|
1453970 |
|
Total |
|
15985729 |
As on 24.03.2011
|
Names of Allottee (Preference Shares) |
|
No. of Shares |
|
3i India Infrastructure Investments Limited, |
|
1390063 |
|
Total |
|
1390063 |
As on 30.09.2010
|
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] |
|
21.32 |
|
Bodies
corporate |
|
3.40 |
|
Directors
or relatives of directors |
|
75.28 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction and maintenance of roads, railbeds, bridges, tunnels,
pipelines, ropeways, ports, harbors and runways. |
GENERAL INFORMATION
|
Customers : |
v
Department of Road Transport and Highways,
Government of v
National Highways Authority of v
Airports Authority of v
Ministry of Railways, Government of v
Central Public Works Department, Government of
v
Military Engineering Services, Government of v
v
v Vizag Steel Plant, Vizag v
Department of Space, Government of v
Bharat Dynamics Limited, v
Hindustan Aeronautics Limited, v
Cochin International Airport Limited, v Public Works Department, Government of Andhra Pradesh v Public Works Department, Government of Karnataka v Public Works Department, Government of Tamilnadu v Public Works Department, Government of Rajasthan v
Public Works Department, Government of v Public Works Department. Government of Chhattisgarh v
Andhra Pradesh Road Development Corporation, v
Karnataka Road Development Corporation, v
v Singareni Collieries Company Limited, Kothagudem, Andhra Pradesh v
v Hyderabad Growth Corridor Limited v Andhra Pradesh Expressway Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
v
Andhra Bank, Sultan Bazar Branch, Koti, v State Bank of v Axis Bank Limited v
Bank of v
Bank of v Canara Bank v
ICICI Bank Limited v
IDBI Bank Limited v
ING Vysya Bank v
Punjab National Bank v
State Bank of v
State Bank of v
Yes Bank |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
SREI Equipment
Finance Private Limited, 'VISHWAKARMA', 86C, |
|
|
|
|
Auditors : |
|
|
Name : |
Kishore and Venkat Associates Chartered Accountants |
|
Address : |
130/2RT, S.R. Nagar, |
|
Tel. No.: |
91-40-23701812 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFK0495R |
|
|
|
|
Subsidiaries : |
v
KMC Infratech Limited (CIN No.:
U45200AP2008PLC057928) v
Rayalseema Expressway Private Limited (CIN No.: ) v
Thrissur Expressway Limited (CIN No.: U74900AP2009PLC063297) v
North Malabar Expressway Limited (CIN No.: U45203AP2009PLC064943) v
South Malabar Expressway Private Limited (CIN
No.: U45203AP2009PTC064941) v
Simhapuri Expressway Limited |
|
|
|
|
Associates : |
v Guruvayoor
Infrastructure Private Limited v Brindavan
Infrastructure Limited v OB
Infrastructure Limited v East Hyderabad
Expressway Limited v Pink City
Expressway Private Limited |
|
|
|
|
Joint Ventures : |
v KMC-Oriental-BSCPL v KMC-Oriental
Structural Engineers Private Limited v KMC-Rohit Kumar
Das Construction Private Limited and Sri Durga Condev Private Limited, Orissa v Ahmet Aydeniz -
KMC Joint Venture |
|
|
|
|
Enterprises
owned or significantly influenced by Key Management Personnel or their
relatives : |
v KMC Properties v Pipal Tree Ventures Private Limited v v Dream to Fly Private Limited |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs.160.000 millions |
|
17400000 |
Preference Shares |
Rs.100/- each |
Rs.1740.000 millions |
|
|
Total |
|
Rs.1900.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15985729 |
Equity Shares |
Rs.10/- each |
Rs.159.857
millions |
|
1390063 |
Preference Shares |
Rs.10/- each |
Rs.13.901
millions |
|
|
Total |
|
Rs.173.758 millions |
|
|
|
|
|
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs.160.000 millions |
|
17400000 |
Preference Shares |
Rs.100/- each |
Rs.1740.000 millions |
|
|
Total |
|
Rs.1900.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15985729 |
Equity Shares |
Rs.10/- each |
Rs.159.857
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
159.857 |
159.857 |
1859.350 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4072.075 |
3661.884 |
1496.676 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4231.932 |
3821.741 |
3356.026 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7323.047 |
4767.848 |
2287.267 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
7323.047 |
4767.848 |
2287.267 |
|
|
DEFERRED TAX LIABILITIES |
8.303 |
2.732 |
3.634 |
|
|
|
|
|
|
|
|
TOTAL |
11563.282 |
8592.321 |
5646.927 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2579.787 |
2708.476 |
1999.382 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5109.213 |
2085.066 |
1128.901 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1546.556
|
1715.039 |
1196.268
|
|
|
Sundry Debtors |
553.921
|
743.206 |
891.255
|
|
|
Cash & Bank Balances |
417.516
|
771.782 |
363.651
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
2143.887
|
1642.165 |
1167.452
|
|
Total
Current Assets |
4661.880
|
4872.192 |
3618.626 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
507.972
|
734.806 |
773.278 |
|
|
Other Current Liabilities |
156.011
|
217.833 |
236.388 |
|
|
Provisions |
127.674
|
126.846 |
98.412
|
|
Total
Current Liabilities |
791.657
|
1079.485 |
1108.078 |
|
|
Net Current Assets |
3870.223
|
3792.707 |
2510.548
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
4.059 |
6.072 |
8.096 |
|
|
|
|
|
|
|
|
TOTAL |
11563.282 |
8592.321 |
5646.927 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating Income |
9990.306 |
8383.904 |
7282.388 |
|
|
|
Other Income |
57.110 |
17.234 |
22.125 |
|
|
|
TOTAL (A) |
10047.416 |
8401.138 |
7304.513 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Construction and Operating Expenses |
5521.333 |
5121.141 |
4219.557 |
|
|
|
Plant, Machinery and Vehicles Maintenance |
977.578 |
1236.672 |
1085.074 |
|
|
|
Administration and Other Expenses |
1061.423 |
898.725 |
853.781 |
|
|
|
Sub-Contract Work |
492.855 |
276.332 |
405.392 |
|
|
|
Preliminary Expenses Written Off |
2.014 |
2.024 |
2.024 |
|
|
|
Increase/Decrease in Inventories |
168.483 |
(518.771) |
(315.691) |
|
|
|
TOTAL (B) |
8223.686 |
7016.123 |
6250.137 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1823.730 |
1385.015 |
1054.376 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES (D) |
928.049 |
459.420 |
229.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
895.681 |
925.595 |
824.958 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
352.244 |
333.936 |
286.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
543.437 |
591.659 |
538.387 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
133.246 |
125.944 |
102.051 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
410.191 |
465.715 |
436.336 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
USD
873056 |
USD
914813 |
USD
1438932.18 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
25.66 |
29.13 |
36.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.08
|
5.54 |
5.97
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.44
|
7.06 |
7.39
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.50
|
7.80 |
9.58
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.15 |
0.16
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.92
|
1.53 |
1.01
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.89
|
4.51 |
3.27
|
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
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 |
Note:
The registered office of the company has been shifted from MCH No.555, Arora
Colony, Road No.3, Banjara Hills, Hyderabad – 500 034, Andhra Pradesh to
the present address w.e.f. 18.10.2010.
COMPANY OVERVIEW
The Company is
engaged in the business of Infrastructure projects like Design, Construction,
Operation and Maintenance of the National Highways, Bridges and Structures for
National Highways in the country.
OVERVIEW:
The financial year
2009-10 is yet another year of
significant growth. During the year,
the Company achieved a turnover of Rs.9990.310 Millions as
against Rs.8383.900 Millions for
the previous financial year registering a growth of 19.16%.
The Earnings
before Interest, Depreciation and Taxes
(EBIDT): Though here is increase in the turnover the EBIDT has been
declined to Rs.895.680 Millions as compared
with Rs.925.590 Millions due to increase in the Interest and
Finance Charges. The percentage
of decline is 3.23%.
The Net Profit (PAT) of Rs.410.190 Millions represents a
decline by 11.92% over that of the previous financial year due to increase in
Interest and Finance Charges.
OPERATIONS
Highway projects Completed
During the year
the Company has completed the following highway projects:
- Design,
Construction, Development, Finance, Operation and Maintenance of Km 135.469 (End of proposed Kottakota
Bypass) to Km 211 (Kurnool) on NH-7 in the state of Andhra Pradesh under
North-South Corridor (NHDP Phase-Il) on
BOT (Annuity) Basis, Package No.NS2/BOT/AP-5",
at a cost of Rs.5400.000 Millions.
-
Projects awarded
During the year
the Company has awarded the following projects:
EPC
- Widening and
improvements to
- Upgrading 2
laned outer ring road to 6 lane along with service road from Mysore - Bangalore
road to Mysore - Nanjangud road (0.00 to 7.00 Km - Western side), at a contract
value of Rs.498.500 Millions
- Upgrading 2
laned outer ring
road to 6 lane along with service road from Mysore - Bangalore road to Mysore -
Nanjangud road (7.00 to 15.00 Km - Western side), at a contract value of
Rs.543.300 Millions
- Upgrading 2 laned
outer ring road to 6 Iane along with service road from Mysore - Bangalore road
to Mysore - Nanjangud road (15.00 to 24.715 Km - Western side), at
a contract value of Rs.624.900 Millions
- Upgrading 2
laned outer ring road to 6 lane along with service road from
BOT
- Six Laning of Chilkaluripet-Nellore Section of
NH-5 from Km 1182.802 to Km 1366.547 (Length-Km 183.70) in the State of Andhra Pradesh to be executed as BOT (Toll) on DBFO pattern under
NHDP - Phase V. (In Joint Venture with BSCPL
Infrastructure Limited, KMC Share
- 51%).
- Establishment of
processing Plant for Conversion of MSW in to Useful Product (Compost / Energy / RDF) at Kathonda,
CONTINGENT LIABILITIES NOT PROVIDED FOR (AS ON
31.03.2010):
v
Bank Guarantees Rs.6137.400 Millions
v
On account of Letter
of Credit issued by the banks Rs.218.300
Millions
v Joint and several
liabilities in respect of Joint Ventures are not ascertainable
v Contingent
Liability not acknowledged as debt Rs.593.100
Millions
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U45200AP1993PLC015200 |
|
Name of the
company |
KMC CONSTRUCTIONS LIMITED |
|
Address of the
registered office or of the principal place of business in |
Door
No.1-80/40/SP/58-65, Shilpa Homes Layout, Near E-Mail: venkat.m@kmcgroup.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
CIN No.:
U70101WB2006PTC109898 SREI Equipment
Finance Private Limited, 'VISHWAKARMA', 86C, E-Mail: secretarial@srei.com |
|
Nature of
description of the instrument creating or modifying the charge |
Declaration for
Mortgage by deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
10.05.2012 |
|
Amount secured by
the charge |
Rs.670.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As per the
sanction letter dated 15.04.2012 Terms of
Repayment: As per the
sanction letter dated 15.04.2012 Margin: Nil Extent and
Operation of the charge: As per the
declaration dated 10th May 2012. |
|
Short particulars
of the property charged |
1) Immovable properties situated at Perambra
and 2) Other details as mentioned in the declaration
to this e Form. |
FIXED ASSETS:
v Land
v Buildings
v Plant and Machinery
v Furniture and Fixtures
v Office Equipment
v Vehicles
v CWIP
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.87 |
|
|
1 |
Rs.85.53 |
|
Euro |
1 |
Rs.71.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
33 |
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.