MIRA INFORM REPORT
|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
VIJAY NIRMAN COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D. No. 8-3-833/118,
Kamalapuri, Phase-1, Srinagar Colony, Hyderabad – 500073, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.08.2005 |
|
|
|
|
Com. Reg. No.: |
01-047097 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 159.581
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200AP2005PTC047097 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCV6001E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Civil and
Engineering Construction Activity. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6560000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having fine track record. There
appears some dip in the profitability of the company during the current year.
However, networth appears to be satisfactory. General financial position of
the company is good. Trade relations are reported as fair. Business is
active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 |
Fund Based Limit : (A2+) |
|
Rating Explanation |
Strong degree of safety it carry low credit
risk. |
|
Date |
January 11, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limit : (BBB+) |
|
Rating Explanation |
Moderate degree of safety it carry moderate
credit risk. |
|
Date |
January 11, 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 : |
D. No.
8-3-833/118, Kamalapuri, Phase-1, Srinagar Colony, Hyderabad – 500073, Andhra
Pradesh |
|
Tel. No.: |
91-40-42015019 |
|
Fax No.: |
91-40-23733890/ 42015019 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
#10-50-19, Soudamani, Siripuram, Visakhapatnam - 530003,
Andhra Pradesh, India |
|
Tel. No.: |
91-891-2573380 |
|
Fax No.: |
91-891-2754046 |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
#264 (Varsiddhi), 4th Cross, RMV Extension, 2nd Stage, 2nd Block,
Bangalore – 560094, Karnataka, India |
|
Tel. No.: |
91-80-42682782 |
|
Fax No.: |
91-80-42682760 |
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E-Mail : |
|
|
|
|
|
Branch Office 2 : |
Plot No. 65, R. P. T. S. Road, Surendranagar,
Nagpur - 440015, Maharashtra, India |
|
Tel. No.: |
91-712-2236448 |
|
Fax No.: |
91-712-2224564 |
|
E-Mail : |
|
|
|
|
|
Operating Office : |
Plot No. 78, 7th Main Road, Ramnagar, North Extension, Velacherry,
Chennai – 600042, Tamilnadu, India |
|
Tel. No.: |
91-44-22591325 |
DIRECTORS
AS ON 24.09.2012
|
Name : |
Surapaneni Vijaya Kumar |
|
Designation : |
Chairman and Managing director |
|
Address : |
D. No. 8-1-68, Peda Waltair, Doctor’s Colony, Visakhapatnam – 530017,
Andhra Pradesh, India |
|
Date of Birth/Age : |
14.02.1953 |
|
Date of Appointment : |
10.08.2005 |
|
PAN No.: |
AJJPS0703L |
|
DIN No.: |
00087623 |
|
|
|
|
Name : |
Venkata Vishnu Vara Prasad Anne |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 121/8, M.V.P. Colony, Visakhapatnam – 530017, Andhra Pradesh,
India |
|
Date of Birth/Age : |
01.08.1952 |
|
Date of Appointment : |
10.08.2005 |
|
PAN No.: |
ABPDA3411B |
|
DIN No.: |
00466618 |
|
|
|
|
Name : |
Venkata Ramana Yalamanchili |
|
Designation : |
Whole-time director |
|
Address : |
458, 7th Cross, 5th Main, R.M.V. Second Stage,
Bangalore – 560094, Karnataka, India |
|
Date of Birth/Age : |
31.08.1963 |
|
Date of Appointment : |
10.08.2005 |
|
PAN No.: |
AAEPY7994F |
|
DIN No.: |
00470279 |
|
|
|
|
Name : |
Mr. Ajay Kumar Veeramachaneni |
|
Designation : |
Whole-time director |
|
Address : |
10-1-9/1, C4, Akurthi Apartments, Sampath Vinayaka Temple Road, Waltair
Uplands, Visakhapatnam – 530003, Andhra Pradesh, India |
|
Date of Birth/Age : |
17.05.1977 |
|
Date of Appointment : |
01.10.2007 |
|
PAN No.: |
ABEPV1505V |
|
DIN No.: |
01797519 |
|
|
|
|
Name : |
Saligram Nandkumar Subramanya |
|
Designation : |
Director |
|
Address : |
Saligram, 22, 6th Main, 13A Cross, BTM Layout, 2nd
Stage, Bangalore – 560076, Karnataka, India |
|
Date of Birth/Age : |
24.01.1962 |
|
Date of Appointment : |
16.09.2009 |
|
DIN No.: |
00078026 |
|
|
|
|
Name : |
Gangasani Kumaraswamy Reddy |
|
Designation : |
Director |
|
Address : |
Flat No. 5A, Nugget Apartments, Srinagar Colony, Hyderabad – 500073,
Andhra Pradesh, India |
|
Date of Birth/Age : |
17.11.1934 |
|
Date of Appointment : |
10.05.2008 |
|
DIN No.: |
00450127 |
|
|
|
|
Name : |
Muttuluri Narasimhappa |
|
Designation : |
Director |
|
Address : |
A2/102, Oxford Village, Wanworie, Pune – 411040, Maharashtra, India |
|
Date of Birth/Age : |
06.08.1949 |
|
Date of Appointment : |
06.12.2010 |
|
DIN No.: |
03319847 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2012
SHAREHOLDING DETAILS FILE ATTACHED
AS ON 14.12.2012
|
Name of Allottees |
|
No. of Shares |
|
IDBI Trusteeship
Services Limited (India Advantage Fund-S31 I) |
|
1595808 |
|
|
|
|
|
Total |
|
1595808 |
AS ON 24.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
16.82 |
|
Bodies
corporate |
|
1.81 |
|
Directors
or relatives of directors |
|
66.89 |
|
Other
top fifty shareholders |
|
14.48 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Civil and
Engineering Construction Activity. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Ø Punjab National
Bank Ø Citibank N.A. Ø Standard Chartered
Bank, 6-3-1090, Raj Bhavan Road,
Somajiguda, Hyderabad – 500082, Andhra Pradesh, India Ø IDBI Bank
Limited Ø Oriental Bank of
Commerce Ø ICICI Bank
Limited |
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Facilities : |
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|||||||||||||||||||||
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Banking Relations
: |
-- |
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Auditors 1 : |
|
|
Name : |
Venkat Srinivas
and Company Chartered Accountants |
|
Address : |
Level-1, Waltair
Heights, Balaji Nagar , Visakhapatnam – 530003, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFV4986H |
|
|
|
|
Auditors 2 : |
|
|
Name : |
Walker, Chandiok
and Company Chartered Accountants |
|
Address : |
7th Floor, Block
III, White House, Kundan Bagh, Begumpet, Hyderabad – 500016, Andhra Pradesh,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFW4298E |
|
|
|
|
Joint ventures : |
Ø SDM-VNC Ø
VNC-GEV Housing Ø
VNC RAIL One |
CAPITAL STRUCTURE
AS ON 24.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17,553,889 |
Equity Shares |
Rs. 10/- each |
Rs. 175.539
Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,958,081 |
Equity Shares |
Rs. 10/- each |
Rs. 159.581
Millions |
|
|
|
|
|
(1) Note:
(a) 4,160,000
Equity Shares were allotted as fully paid-up bonus shares by capitalisation of
profits during the year 2006-07.
(b) 7,949,750
(2011: 7,949,750) equity Shares were allotted as fully paid-up pursuant to a
contract(s)without payment being received in cash during the year 2009-10.
(2) Terms/rights
attached to equity shares
The Company has
only one class of equity shares having a par value of Rs.10 per share. Each
holder of equity shares is entitled to one vote per share. The Company declares
and pays dividend in Indian rupees. The dividend proposed by the Board of
Directors is subject to the approval of the shareholders in the ensuing Annual
General Meeting.
(3) As per
declarations received from shareholders regarding beneficial interest, the
above shareholding represents both legal and beneficial ownership of shares.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
159.581 |
159.581 |
159.768 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1480.963 |
1096.833 |
542.095 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1640.544 |
1256.414 |
701.863 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1782.353 |
1040.665 |
901.621 |
|
|
2] Unsecured Loans |
268.090 |
35.621 |
75.930 |
|
|
TOTAL BORROWING |
2050.443 |
1076.286 |
977.551 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
28.458 |
41.114 |
|
|
|
|
|
|
|
|
TOTAL |
3690.987 |
2361.158 |
1720.528 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1343.826 |
1326.285 |
1168.607 |
|
|
Capital work-in-progress |
77.303 |
30.445 |
11.863 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
3.039 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
316.116
|
251.092 |
414.145 |
|
|
Sundry Debtors |
1564.888
|
1082.743 |
956.374 |
|
|
Cash & Bank Balances |
237.403
|
184.138 |
235.283 |
|
|
Other Current Assets |
2545.972
|
1434.122 |
9.734 |
|
|
Loans & Advances |
417.028
|
451.902 |
454.298 |
|
Total
Current Assets |
5081.407
|
3403.997 |
2069.834 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1302.595
|
812.317 |
450.684 |
|
|
Other Current Liabilities |
1405.604
|
1448.871 |
955.698 |
|
|
Provisions |
106.389
|
138.381 |
123.394 |
|
Total
Current Liabilities |
2814.588
|
2399.569 |
1529.776 |
|
|
Net Current Assets |
2266.819
|
1004.428 |
540.058 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3690.987 |
2361.158 |
1720.528 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
9819.748 |
8264.311 |
3911.151 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
8524.821 |
7121.822 |
3341.316 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1294.927 |
1142.489 |
569.835 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
341.316 |
226.937 |
124.922 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
953.611 |
915.552 |
444.913 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
284.043 |
252.206 |
175.323 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
669.568 |
663.346 |
269.590 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
264.445 |
223.351 |
94.257 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
405.123 |
439.995 |
175.333 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
25.39 |
30.09 |
12.98 |
|
|
|
Diluted |
N.A. |
28.41 |
12.35 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.13
|
5.32 |
4.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.82
|
8.03 |
6.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
10.42
|
14.02 |
8.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.25
|
0.86 |
1.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.81
|
1.42 |
1.35 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
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 |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans repayable on demand from banks |
249.979 |
0.000 |
|
Loans and advances from related parties |
18.111 |
35.621 |
|
Total |
268.090 |
35.621 |
Note:
The registered address of the company has been shifted from Flat No.
B407. H No. 1/1/526, Sai Datta Apartment, Iqbal Manzil Complex, Bakaram,
Hyderabad – 500080, Andhra Pradesh, India to the present w.e.f.01.04.2008
REVIEW OF OPERATIONS:
During the year,
the Company has earned an income of Rs.9819.748 Millions as compared to
Rs.8264.311 Millions during the previous year. Profit before depreciation and
finance charges was Rs.1294.927 Millions as compared to Rs.1142.489 Millions
during the previous year. During the year, the Company has recorded growth of
18.82% over the previous year. Despite the slowdown of economy and financial
crisis, these results were achieved by continuing the efforts and dedicated
team work of Vijay Nirman and the visionary and entrepreneurial skills of the
Directors.
OUTLOOK FOR THE GLOBAL AND INDIAN ECONOMY:
The outlook for
the global economy continues to remain sluggish and many countries facing
financial crisis which was reflected in the Corporate Sector. However, India
has projected a growth rate of 7.5 per cent this fiscal, on the back up of
higher savings and investment rates. Today India is among the most attractive
destinations globally, for investments and business in view of liberalized FDI
investment policies. The Indian economy has continuously recorded high growth
rates and become an attractive destination for investments and the Government
of India has formulated the policies suitably. In this scenario, the importance
of Infrastructure in all sectors has been continuing and accordingly, the
company has conceived plans to avail the opportunities in this sector.
OUTLOOK FOR THE COMPANY
The Company has
been successfully carrying on the business of all kinds of constructions and infra
based projects which included Civil, Electrical, Mechanical, Fabrications,
Structural Engineering and related projects with Roads, Bridges and flyovers
and also all kinds of contract works. Transparency, integrity, fairness, hard
work, execution of works efficiently and effectively within the scheduled
period and accountability is the guiding principles of the management of the
Company. The Company periodically reviews and revises the policies with
appropriate checks from time to time. The Managerial Directors and Key
Managerial Personnel of the Company have been expanding the business of the
Company in all aspects at various places by making best efforts for getting
more projects. They have been devoting their entire time efforts and energy to
develop the business in all aspects including strategic planning and analysis
keeping in view of future competition. Their tremendous analytical skills in
this industry have brought the Company as one of the eligible competitors in
the industry. Their extensive involvement in the wealth maximization and net
worth building is clearly evident from the present financial status of the
company. This was clearly reflected in the present financials and net worth.
Further, the Board
has reviewed the present equations and combinations of many big industrial
groups, multinational companies, marketing strategies, competition and
challenges and further opportunities at global level. Keeping in view of all
these aspects, the Board has conceived plans to meet the present challenges and
avail the opportunities for development of the Company in all dimensions.
Hence, the Company expects certainly bright future in the years to come.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U45200AP2005PTC047097 |
|
Name of the
company |
VIJAY NIRMAN
COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D. No. 8-3-833/118,
Kamalapuri, Phase-1, Srinagar Colony, Hyderabad – 500073, Andhra Pradesh,
India Email: vijay@vijaynirman.com |
|
This form is for |
Modification of charge |
|
Charge identification
number of the modified |
10297411 |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
Standard Chartered Bank, 6-3-1090,
Raj Bhavan Road, Somajiguda, Hyderabad – 500082, Andhra Pradesh, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter in
Schedule 2 dated 26th December, 2012 from the company to the Security Agent intimating
details of 12 items of secured assets acquired under the ECB facility of USD
5 million |
|
Date of
instrument Creating the charge |
22.01.2013 |
|
Amount secured by
the charge |
Rs 225.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest LIBOR plus Margin
as may be negotiated and agreed to by the Bank from time to time Terms of Repayment As may be
negotiated and agreed to by the Bank from time to time Margin As may be
negotiated and agreed to by the Bank from time to time Extent and Operation of the charge First and
exclusive hypothecation charge in favour of the charge-holder who is acting
as the Security Agent for Standard Chartered Bank, 1st Floor, 1, Basinghall
Avenue, London, United Kingdom, the lender of the movable properties
acquired/ to be acquired under the ECB facilty Others Facility:
External Commercial Borrowing (ECB) Term Loan |
|
Short particulars
of the property charged |
Movable fixed
assets: 12 items
specified in Schedule 2 dated 22nd January 2013 attached as Schedule 2 to
this form Supplier, item
and invoice date and number are as follows: Esquire CMAC
Private Limited Tower Pulley
Hoist :1000:75(Heavy Duty)-01.11.2012-S0067/12-13 Mast :
650x650x1508 and Hardware-30.10.2012-S0066/12-13 Passenger and
Material Hoist SC 160/160 Twin Cage - 09.11.2012-S0069/12-13 Mast Section
(650x1508mm) - 11.11.2012-S0071/12-13 JCB India Limited 15T3P-6F, BSIII,
Ch.No.2087105, Eg.No:T4, 1026/1200248-09.10.2012-6310009737 12T Slotted,
BSIII,ITL,Ch.No.1900938, Eg.No.1026/1200358-28.12.2012-6310015158 12T Slotted,
BSIII,ITL,Ch.No.1900946, Eg.No.1026/1200341-28.12.2012-6310015159 12T Slotted,
BSIII,ITL,Ch.No.1900947, Eg.No.1026/1200347-28.12.2012-6310015160 Spartan
Engineering India Private Limited Bar Cutting -
03.11.2012. - Ex0496 Atlas Capco India
Limited Crawlair
Airroc.Sr.No.MHN34112336-10.12.2012-200750 Hammer/Drill
Rod/hose air/Rock Oil 50L-10.12.2012-200262 Doosan Infracore
India Private Limited Doosan Portable
Air Compressor, Model. HP450, Sr.No. 2012450651-30.11.2012-13TE0695 Movable
properties as per 6 nos schedule 2 filed earlier attached and summarised
below 8 items specified
in Schedule 2 dated 3rd November 2011 25 items
specified in Schedule 2 dated 28th February 2012 Launching Girder
Capacity 1200 MT as specified in Schedule 2 dated 23rd May 2012 8 items specified
in Schedule 2 dated 3rd November 2011 25 items
specified in Schedule 2 dated 28th February 2012 Launching Girder
Capacity 1200 MT as specified in Schedule 2 dated 23rd May 2012 |
|
Date of
Modification |
26.12.2012 |
|
Particulars of
the present modification |
Details of
further assets acquired under the ECB facility and covered under the first and
exclusive hypothecation charge have been specified vide Schedule 2 dated 22nd
Jan 2013. This is in addition to the assets specified on six earlier
occasions viz. 03.11.2011, 28.02.2012, 03.05.2012, 05.09.2012, 08.11.2012 and
26.12.2012 |
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. 54.28 |
|
|
1 |
Rs. 82.06 |
|
Euro |
1 |
Rs. 72.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.