1. Summary Information
|
|
|
Country |
India |
|
Company Name |
LAMPEX ELECTRONICS LIMITED |
Principal Name 1 |
Mr. Siva Prasad Nidamarthy |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sushil Kumar Nidamarthy |
|
|
|
Registration # |
01-012506 |
|
Street Address |
6-2/231/B,
Kukatpally, Hyderabad –500072, Andhra Pradesh, India |
||
|
Established Date |
01.04.1991 |
SIC Code |
-- |
|
Telephone# |
91-40-23157701 [9 lines] |
Business Style 1 |
Manufacturers |
|
Fax # |
91-40-23157710 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Liquid Crystal Displays |
|
|
# of employees |
Not Available |
Product Name 2 |
LCD Modules |
|
Paid up capital |
Rs.70,000,000/- |
Product Name 3 |
Mini Printers. |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
21 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(32) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
128,748,000 |
Current Liabilities |
67,541,000 |
|
Inventories |
109,556,000 |
Long-term Liabilities |
52,804,000
|
|
Fixed Assets |
35,351,000 |
Other Liabilities |
17,133,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
137,478,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
66,177,000 |
|
|
|
Net Worth |
136,177,000 |
|
Total Assets |
273,655,000 |
Total Liab. & Equity |
273,655,000 |
|
Total Assets (Previous Year) |
222,670,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
273,398,000 |
Net Profit |
12,120,000 |
|
Sales(Previous yr) |
175,030,000 |
Net Profit(Prev.yr) |
1,152,000 |
MIRA INFORM
REPORT
|
Report Date : |
13.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
LAMPEX ELECTRONICS LIMITED (w.e.f. 01.04.2002) |
|
|
|
|
Formerly Known
As : |
LAMPEX ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6-2/231/B, Kukatpally, Hyderabad –500072, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.04.1991 |
|
|
|
|
Com. Reg. No.: |
01-012506 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.70.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29309AP1991PLC012506 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDL00350A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Liquid Crystal Displays, LCD Modules and Mini
printers. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 540000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
latest financials are not made available with the government department. As per previous year’s, the performance of the company seems to be
improving. Trade relations are reported to be fair. Business is active. Payments
are reported to be 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) |
|
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 |
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 /Corporate Office : |
6-2/231/B, Kukatpally, |
|
Tel. No.: |
91-40-23157701 [9 lines] |
|
Fax No.: |
91-40-23157710 |
|
E-Mail : |
ramdas@lampex.com General: hr@lampex.com LCD Sales: sales@lampex.com ESD: esd@lampex.com Semiconductor: semicon@lampex.com |
|
Website : |
|
|
|
|
|
National Distributors : |
MITALI ENTERPRISES SAYALI ELECTRO SYSTEMS B 302, Chandralok Co-operative Housing Society, Near V. P.
M. High School, New Nanepada Road, Mulund (East), Mumbai-400081, Maharashtra,
India Tel : 91-22-55972266 Tel Fax: 91-22-25657179 Email:mitali_ent@yahoo.com Contact Person: Mr. Sunil Gogate / Mrs. Neha Garud NDS COMPONENTS Kuber Bhaichand's Lane, Opposite Sayaji Girls High School,
Ghadayali Pole, Vadodara, Gujarat, India Tel : 91-265-2424995 / 9820131244 (M) Email: nds@vsnl.com Contact Person: Mr. Neelesh
Desai ELMATRONIK SALES CORPORATION Gandhi Peak, N (319) (o)144, Bharathi Salai, Rayapettah,
Chennai-600014, Tamilnadu, India Tel : 91-44-2848 7346 / 7212 / 6477 Fax : 91-44-2848 7029 Email : escorp@vsnl.com Website: www.indiamart.com/elmatronick Contact Person: Mr. S. Mahendran DRIVE TECHNOLOGIES 198, Somwarpet, Near Duruwal Bridge, Pune-411011,
Maharashtra, India Tel : 91-20-4329526 / 36 Fax : 91-20-631490 Email: drivetech@eth.net Contact Person: Mr. Pradeep
Parulekar PROMOTIVE ELECTRONICS #15, 1st Floor, Southend Road, Seshadripuram, Bangalore
-560
020, Karnataka, India. Tele Fax : 91-80-3347959/ 3317387 Email : Info@promotiveelectronics.com Contact Person: Mr. Raghavendhra ROTEK ELECTRONICS 15 Narasingapuram Street, Chennai - 600 002, Tamilnadu,
India Tel : 91-44-28534588 / 28535574 Email:rotek@vsnl.com Contact Person: Mr. Gajandhra EAST WEST AUTOMATION TECH PRIVATE LIMITED 106 Vinoba Puri , Lajpat Nagar-II , New Delhi-110024, India Tel: 91-11-62425657/ 46528182/29832478 Fax: 91-11-29840686/ 29844547 Email: marketing@ewindia.com |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Siva Prasad Nidamarthy |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6-2/231/B, Kukatpally, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.03.1969 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduation |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1991 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00030221 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sushil Kumar Nidamarthy |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6-2/231/B, Kukatpally, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.07.1940 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduation |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1991 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00031100 |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Mahalakshmi Nidamarthy |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6-2/231/B, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.10.1970 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduation |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.10.1999 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00031174 |
|||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
N. Siva Prasad |
|
14755000 |
|
N. Sushil Kumar |
|
51065 |
|
N. Mahalakshmi |
|
193060 |
|
M.A. Quadeer Atif |
|
175 |
|
M.A. Azeem Atif |
|
175 |
|
Pushpa Ramdas |
|
175 |
|
Ramdas Panicker |
|
175 |
|
N. Lalitha |
|
175 |
|
|
|
|
|
Total
|
|
15000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Liquid Crystal Displays, LCD Modules and Mini
printers. |
PRODUCTION STATUS (As on: 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
LCD Modules |
Nos |
NA |
NA |
105328 |
|
Printers |
Nos |
NA |
NA |
1340 |
|
Control Boards |
Nos |
NA |
NA |
695851 |
|
Semi Conductor Devices |
Nos |
NA |
NA |
99209 |
|
Hand Held Terminal |
Nos |
NA |
NA |
4315 |
|
Solar Photovoltage Cell |
Nos |
NA |
NA |
368297 |
|
Energizer |
Nos |
NA |
NA |
300 |
|
Automatic Meter Reading |
Nos |
NA |
NA |
24000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of Hyderabad, Sanath Nagar Branch, Hyderabad - 500018,
Andhra Pradesh, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T. Raghavendra and Associates Chartered Accountants |
|
Address : |
No.22, Krishna Apartments, 5th Floor, Tilak Road, Abids, Hyderabad- 500001, Andhra Pradesh, India |
|
PAN No.: |
AAAFT9943P |
CAPITAL STRUCTURE
As on: 30.09.2011
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 |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000
Millions |
|
|
|
|
|
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs. 10/-each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs. 10/- each |
Rs.70.000 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 |
70.000 |
70.000 |
70.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
66.177 |
54.057 |
53.961 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
136.177 |
124.057 |
123.961 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
52.804 |
58.556 |
61.956 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
52.804 |
58.556 |
61.956 |
|
|
DEFERRED TAX LIABILITIES |
0.450 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.431 |
182.613 |
185.917 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
35.351 |
27.081 |
32.745 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.916 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
109.556
|
65.463 |
80.869 |
|
|
Sundry Debtors |
107.728
|
117.481 |
122.670 |
|
|
Cash & Bank Balances |
0.150
|
0.729 |
0.033 |
|
|
Other Current Assets |
15.670
|
9.544 |
15.795 |
|
|
Loans & Advances |
5.200
|
2.372 |
5.656 |
|
Total
Current Assets |
238.304
|
195.589 |
225.023 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
56.305
|
20.449 |
57.974 |
|
|
Other Current Liabilities |
11.236
|
8.858 |
7.103 |
|
|
Provisions |
16.683
|
10.750 |
7.690 |
|
Total
Current Liabilities |
84.224
|
40.057 |
72.767 |
|
|
Net Current Assets |
154.080
|
155.552 |
152.256 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.431 |
182.613 |
185.917 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
273.398 |
175.030 |
|
|
|
|
Other Income |
2.964 |
2.508 |
|
|
|
|
TOTAL (A) |
276.362 |
177.538 |
181.080 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing service costs |
199.443 |
128.617 |
|
|
|
|
Employee related expenses |
10.285 |
9.675 |
|
|
|
|
Administrative selling other expenses |
28.764 |
20.420 |
|
|
|
|
TOTAL (B) |
238.492
|
158.712 |
161.479 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
37.870 |
18.826 |
19.601 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.641 |
11.635 |
10.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25.229 |
7.191 |
9.140 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.999 |
5.825 |
7.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
18.230 |
1.336 |
1.846 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.110 |
0.214 |
0.706 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
12.120 |
1.152 |
1.140 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
42.054 |
24.326 |
57.733 |
|
|
TOTAL EARNINGS |
42.054 |
24.326 |
57.733 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.73 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.39 |
0.65 |
0.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.67 |
0.76 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.66 |
0.60 |
0.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.01 |
0.79 |
1.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.83 |
4.88 |
3.09 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 |
No |
REVIEW OF OPERATIONS:
The Performance of the company during the year
has been very satisfactory. The Company has increased its turnover from Rs.
181.100 Millions in 2009-10 to Rs. 254.900 Millions in 2010-11. The Profit for
the Year after tax has also increased from Rs. 1.152 Millions in 2009-10 to Rs.
12.100 Millions in 2010-11.
The Directors are taking steps to improve the
turnover by expanding the market network in national and international level.
The orders on hand and the negotiations in the pipeline at various stages give
them the confidence that in the months to come, they can easily increase the
turnover to large extent.
The Company is constantly moving forward to
achieve operational excellence through operational synergy, high capacity
utilizations, cost reduction and continuous improvements in operations.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U29309AP1991PLC012506 |
|
Name of the
company |
LAMPEX
ELECTRONICS LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
6-2/231/B, Kukatpally, Hyderabad –500072, Andhra Pradesh, India E-mail: nsp.lampex@gmail.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
90123719 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
State Bank of Hyderabad, Sanath Nagar Branch, Hyderabad - 500018,
Andhra Pradesh, India E-mail: sanathnagar@sbhyd.co.in
|
|
Nature of
instrument creating charge |
Agreement of
Loam-cum-Hypothecation Letter of
Arrangement Sanction Letter |
|
Date of
instrument Creating the charge |
23.04.2012 |
|
Amount secured by
the charge |
Rs.103.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC(Hypo) - 5.00%
above Base rate i.e. 15.50% p.a. floating Terms of
Repayment Repayable on demand
and valid for a period of 12 months Margin CC- RM:
Imported 25% Domestic 25% SIP - 25% FG - 25% Receivables
(Cover 90 days) - 50% Letter of Credit
(DA/DP) - 25% Bank
Guarantee - 25% Extent and
Operation of the charge Primary Security:
For WC Limits -
First Charge on all present and future current assets of the company For Non fund
based Limits- First charge on all fixed assets of the company. Collateral
security- Extension of first charge on existing fixed assets and current
assets to cover working capital and Limits. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Primary Security:
For WC Limits - First
Charge on all present and future current assets of the company For Non Fund
based Limits - First charge on all fixed assets of the company. Collateral
Security- (for Working Capital and Non
Fund Limits) EM of Factory
Land and building at H No.6-2-231/B, S No.578, Kukatpally, Hyderabad, Land
adms 850 Sq yards, belonging to Mr. N Siva Prasad EM of land and
building at H No. 6-2-231, Sy No. 578, Kukatpally, Hyderabad, land
admeasuring 600 Sq yards, belonging to Mrs. N Hima Gouri. EM of
Agricultural Land at Sy No. 640, Utla Village, Narsapur Taluka, Medak
District admeasuring 19.11 acres belonging to Mr. Susheel Kumar. Personal
Guarantee of Mr. N Siva Prasad, Mr. N Susheel Kumar, Mrs. N Maha Lakshmi,
Mrs. N. Lalitha and Mrs. N Himagouri and Y. Parthasaradhi |
|
Date of
instrument modifying the charge |
10.12.2007 |
|
Particulars of
the present modification |
The existing
Limits of Rs. 117.600 Millions has been reduced to Rs.103.000 Millions
Existing Proposed Fund Based Limits
- 64.600 60.000 Non Fund Based
Limits - 53.000 43.000
--------- --------- Total 117.600 103.000 |
FIXED ASSETS:
- Air
Conditioner
- Computer
- Dies and
Tools
- Office
Equipment
- Furniture and
Fixture
- Machinery
- Motor Cars
- Scooters
- Testing
Equipment
- Lift
- Electrical
Installations
- Car Shed
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
|
1 |
Rs.80.90 |
|
Euro |
1 |
Rs.70.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.