MIRA
INFORM REPORT
|
Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ENERGY LEADER BATTERIES INDIA PRIVATE LIMITED (w.e.f. 08.02.2012) |
|
|
|
|
Formerly Known
As : |
ENERGY LEADER BATTERIES INDIA LIMITED |
|
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Registered
Office : |
Plot No.1057M, First Floor, Road No.45, Jubilee Hills, Hyderabad –
500033, Andhra Pradesh |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
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Date of Incorporation
: |
06.02.2007 |
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|
|
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Com. Reg. No.: |
01-052642 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 205 .919 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999AP2007PTC052642 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
HYDE01419F |
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|
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PAN No.: [Permanent Account No.] |
AABCE7093F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of batteries. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (20) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow and Delayed |
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Litigation : |
Clear |
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Comments : |
Subject is a company having a moderate track record. There appear huge accumulated losses recorded by the company which has
almost eroded the net worth. There also appear huge external borrowings recorded by the company. However, business is active. Payment terms are slow and delayed. The company can be considered for business dealings on s safe and
secured 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 |
EXTERNAL AGENCY RATING
CRISIL has Suspended is rating B- 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 is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Krishna Gopal S |
|
Designation : |
Assistant General Manager |
|
Contact No.: |
91-40-670467041 |
|
Date : |
13.06.2013 |
LOCATIONS
|
Registered Office /Corporate Office 1 : |
Plot No.1057M, First Floor, Road No.45, Jubilee Hills, Hyderabad –
500033, Andhra Pradesh, India |
|
Tel. No.: |
91-40-67046704/67046701 |
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Fax No.: |
91-40-67046700 |
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E-Mail : |
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Website : |
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Corporate Office 2 : |
303, |
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Tel. No.: |
91-40-44501234 |
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Fax No.: |
91-40-23305524 |
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E-Mail : |
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Factory 1 : |
Survey No. 118, 135, 137 and 139 Narasimha Rao Palem (V), Veerullapadu
(M), Krishna District, - 521181, |
|
Tel. No.: |
91-8678-201214 / 201215 |
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Fax No.: |
91-8678-201237 |
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E-Mail : |
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Factory 2: |
Narasimha Rao Palem (V), Veerullapadu (M), Krishna District – 521181,
Andhra Pradesh, India |
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Tel. No.: |
91-8678/201214/201215 |
|
Fax No.: |
91-8678/201237 |
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E-Mail : |
DIRECTORS
As on 22.09.2012
|
Name : |
Mr. Srinivasa Rao Paturi |
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Designation : |
Managing director |
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|
Address : |
G2, Geethika Residency, Near Satya Sai Nigamagamam, |
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Date of Appointment : |
05.08.2008 |
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DIN No.: |
01665104 |
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PAN No.: |
AFSPP7827B |
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Other Directorship:
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Name : |
Mr. Venkat Vallabhaneni |
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Designation : |
Director |
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Address : |
B-3, Stone Vally Apartments, Road No. 4, Banjara Hills, |
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Date of Appointment : |
06.02.2007 |
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DIN No.: |
01726792 |
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PAN No.: |
AFBPV0074R |
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Other Directorship:
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Name : |
Mr. Robert Hudson |
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Designation : |
Additional director |
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Address : |
9 Tippet Close, Blackburn BB2 3WX, |
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Date of Birth : |
10.02.1956 |
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Date of Appointment : |
28.03.2012 |
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DIN No.: |
03048180 |
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Other Directorship:
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Name : |
Mr. Richard William Zuidema |
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Designation : |
Additional director |
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Address : |
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Date of Birth : |
21.09.1948 |
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Date of Appointment : |
28.03.2012 |
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DIN No.: |
02902761 |
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Other Directorship:
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Name : |
Mr. David Marc Shaffer |
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Designation : |
Additional director |
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|
Address : |
1 Grange Garden, #07-05, |
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Date of Birth : |
19.05.1965 |
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Date of Appointment : |
28.03.2012 |
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DIN No.: |
02902802 |
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Other Directorship:
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Audit Committee: |
·
Mr. A.P. Rao (Chairman) ·
Mr. T. Hanuman Chowdary(Member) · Mr. Venkat Vallabhaneni(Member) |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Srinivasa Rao Paturi |
|
2643700 |
|
Vijaya Lakshmi Paturi |
|
531200 |
|
Achanta Pitcheswara Rao |
|
482500 |
|
Venkat Vallabhaneni |
|
5663530 |
|
Suparna Vallabhaneni |
|
2400 |
|
T. Prasada Roa |
|
297900 |
|
N. Tirupataiah |
|
731400 |
|
APR Investment and Leasing Private Limited, |
|
200000 |
|
Shanti Sri Atluri |
|
230000 |
|
Achanta Srikanth |
|
149500 |
|
Uppala Kantha Roa |
|
3497500 |
|
Kasivisweswara Rao |
|
255200 |
|
Rajaya Lakashmi |
|
29360 |
|
N. Subadhra |
|
13120 |
|
Jagan Mohan Rao |
|
94220 |
|
T. Sumanth Kumar |
|
590900 |
|
Atluri Raghurama Brahmam |
|
120000 |
|
N. Harikrishna |
|
200000 |
|
N. Sulochana |
|
170000 |
|
Total |
|
15902430 |
List of Allottees
As on 28.03.2012
|
Names of Allottee |
|
No. of Shares
Allotted |
|
|
|
|
|
EnerSys Reserve Power Pte. Limited, |
|
4689431 |
As on 26.03.2013
|
Names of Allottee |
|
No. of Shares
Allotted |
|
|
|
|
|
EnerSys Reserve Power Pte. Limited, |
|
6768687 |
Equity Share Break up (Percentage of Total Equity)
As on 22.09.2012
|
Category |
Percentage |
|
Bodies corporate |
50.54 |
|
Directors or relatives of Directors |
49.35 |
|
Other top fifty shareholders |
0.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of batteries. |
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|
|
|
Products : |
Industrial Batteries |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
2010-2011 |
|
Licensed Capacity ( |
Not Applicable |
|
Installed Capacity (( |
3600 lac/A.H. Per Annum |
|
Actual Production (Industrial Batteries) |
546.21 lac A.H. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Indian Bank, Mogalrajapuram, ·
Central Bank of ·
Saptagiri Grameena Bank, Patamata, ·
Indian Bank, ·
ICICI Bank Limited |
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|
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Sarathy and Balu Chartered Accountants |
|
Address : |
# 12, Master Sai Apartments, Somajiguda, |
|
Tel No.: |
91-40-23312442 / 23396336 |
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Fax No.: |
91-40-23322463 |
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E-mail : |
|
|
PAN No.: |
AAOFS9049P |
|
|
|
|
Internal
Auditors : |
P. I. Ramana and Associates Chartered Accountants |
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|
|
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Holding company: |
EnerSys Reserve Power Pte. Limited, Singapore |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
Srinivasa Filling station, India |
CAPITAL STRUCTURE
As on 22.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27866184 |
Equity Shares |
Rs.10/- each |
Rs. 278.662
Millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20591861 |
Equity Shares |
Rs.10/- each |
Rs. 205.919
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 |
|
205.919 |
159.024 |
|
(b) Reserves & Surplus |
|
(202.955) |
(53.257) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
2.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
195.101 |
255.220 |
|
(b) Deferred tax liabilities (Net) |
|
22.687 |
17.120 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.603 |
1.008 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
309.666 |
237.346 |
|
(b) Trade payables |
|
123.423 |
102.770 |
|
(c) Other current
liabilities |
|
98.344 |
52.135 |
|
(d) Short-term provisions |
|
1.710 |
2.462 |
|
|
|
533.143 |
394.713 |
|
TOTAL |
|
755.498 |
775.828 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
309.436 |
311.016 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
6.269 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.011 |
0.011 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.663 |
2.974 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
81.788 |
172.495 |
|
(c) Trade receivables |
|
243.122 |
227.770 |
|
(d) Cash and cash
equivalents |
|
94.299 |
23.280 |
|
(e) Short-term loans and
advances |
|
22.601 |
31.747 |
|
(f) Other current assets |
|
0.578 |
0.266 |
|
TOTAL |
|
755.498 |
775.828 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
147.924 |
|
|
2] Share Application Money |
|
|
11.100 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
-33.330 |
|
|
NETWORTH |
|
|
125.694 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
451.433 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
451.433 |
|
|
DEFERRED TAX LIABILITIES |
|
|
12.513 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
589.640 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
319.904 |
|
|
Capital work-in-progress |
|
|
2.944 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.011 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
149.874
|
|
|
Sundry Debtors |
|
|
110.436
|
|
|
Cash & Bank Balances |
|
|
38.096
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
45.413
|
|
Total
Current Assets |
|
|
343.819
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
68.927
|
|
|
Other Current Liabilities |
|
|
5.967
|
|
|
Provisions |
|
|
2.144
|
|
Total
Current Liabilities |
|
|
77.038
|
|
|
Net Current Assets |
|
|
266.781
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
589.640 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
559.279 |
469.624 |
296.440 |
|
|
|
Other Income |
1.696 |
2.457 |
8.097 |
|
|
|
TOTAL (A) |
560.975 |
472.081 |
304.537 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
|
358.026 |
232.656 |
|
|
|
Payments and Benefits to Employees |
|
33.382 |
26.999 |
|
|
|
Administration, Selling and General Expenses |
|
36.606 |
18.634 |
|
|
|
Amortisation of Preliminary Expenses
|
|
0.000 |
0.880 |
|
|
|
(Increase) / Decrease in stock |
|
(19.629) |
(36.034) |
|
|
|
TOTAL (B) |
654.716 |
408.385 |
243.135 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(93.741) |
63.696 |
61.402 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
85.800 |
64.366 |
47.404 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(179.541) |
(0.670) |
13.998 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION (F) |
15.339 |
14.650 |
13.257 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(194.880) |
(15.320) |
0.741 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.567 |
4.607 |
8.387 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(200.447) |
(19.927) |
(7.646) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(53.257) |
(33.330) |
(25.684) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(253.704) |
(53.257) |
(33.330) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
26.030 |
153.602 |
164.700 |
|
|
|
Capital Goods |
0.000 |
3.394 |
5.962 |
|
|
TOTAL IMPORTS |
26.030 |
156.996 |
170.662 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
(12.32) |
(1.00) |
(1.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(35.73)
|
(4.22) |
(2.51) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(34.84)
|
(3.26) |
0.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(25.80)
|
(1.99) |
0.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
65.75
|
0.14 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
170.30
|
4.66 |
4.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83
|
1.15 |
4.46 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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] |
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 |
Note: Registered office of the company has been
shifted from G2, Geethika Residency, Srinagar Colony, Near Satya Sai
Nigamagamam, Hyderabad – 500073, Andhra Pradesh, India
to the present address w.e.f 01.09.2012
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
26.000 |
8.000 |
|
|
|
|
|
Total |
26.000 |
8.000 |
FIXED ASSETS
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
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.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
20 |
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.