MIRA INFORM REPORT
|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHIVPRA CRANES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
405, 5-9-13, Taramandal Complex, Saifabad, Hyderabad-500004, Andhra
Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.04.1994 |
|
|
|
|
Com. Reg. No.: |
01-017308 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3.300
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29244AP1994PTC017308 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of EOT Cranes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 241000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There
appears slight dip in the sales turnover during 2012. However, general financial position is good. Trade relations are
reported to be fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered for normal business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
405, 5-9-13, Taramandal Complex, Saifabad, Hyderabad-500004, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-23243542/23242849 |
|
Fax No.: |
91-40-23210966 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Plot No. 120/1/A, IDA, Phase-II, Cherlapally, R.R.-500051 District,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-27263565/27264658 |
|
|
|
|
Factory 2 : |
Plot No. 130/3, IDA, Phase-II, Cherlapally, R.R.-500051 District,
Andhra Pradesh, India |
|
|
|
|
Factory 3 : |
Plot No. 13 and 14, IDA, Phase-V, Cherlapally, R.R.-500051 District,
Andhra Pradesh, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Prem Kumar Kapoor |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 105, 3-6-270, Himayath Nagar, Narayanaguda, Hyderabad-500029,
Andhra Pradesh, India |
|
Date of Appointment : |
12.09.1994 |
|
Din No.: |
01860087 |
|
|
|
|
Name : |
Ms. Sarita Kapoor |
|
Designation : |
Director |
|
Address : |
Flat No. 105, 3.6.270, Himayath Nagar, Narayanaguda, Hyderabad-500029,
Andhra Pradesh, India |
|
Date of Appointment : |
12.09.1994 |
|
Din No.: |
01860112 |
KEY EXECUTIVES
|
Name : |
Mr. Arvind |
|
Designation : |
Admin Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Prem Kumar Kapoor |
|
10550 |
|
Sarita Kapoor |
|
12400 |
|
Shilpa Gandhi |
|
600 |
|
Sudesh Puri |
|
400 |
|
Kumud Puri |
|
800 |
|
Anju Puri |
|
750 |
|
Deepak Kapoor |
|
100 |
|
Alka Kapoor |
|
200 |
|
Pratima Kapoor |
|
250 |
|
Dinesh Kapoor |
|
200 |
|
Neeraj Kapoor |
|
250 |
|
Alok Kapoor |
|
400 |
|
Naveen Kapoor |
|
600 |
|
Puish Gupta |
|
200 |
|
Ashish Kapoor |
|
1500 |
|
M Narsimha Rao |
|
300 |
|
Jagannath Vinimay Private Limited, India |
|
500 |
|
Lavanya Vincom Private Limited, India |
|
500 |
|
MA Gayatri Commotrade Private Limited, India |
|
500 |
|
Wonder Tradecom Private Limited, India |
|
500 |
|
Prapti Vanijya Private Limited, India |
|
388 |
|
Abhay Tradelink Private Limited, India |
|
1111 |
|
|
|
|
|
TOTAL
|
|
32999 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of EOT Cranes. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Andhra Pradesh State Financial Corporation, Chirag Ali Lane, ABIDS,
Hyderabad-500001, Andhra Pradesh, India |
|
|
|
|
Auditors : |
|
|
Name : |
Rathi and Malani Chartered Accountants |
|
Address : |
317, 3rd Floor, Swapnalok Complex, Sarojini Devi Road,
Secunderabad-500003, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27816017/32009337 |
|
E-Mail : |
|
|
PAN No: |
ACBPR3988G |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
65000 |
Equity Shares |
Rs.100/- each |
Rs.6.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
32999 |
Equity Shares |
Rs.100/-
each |
Rs.3.300
Millions |
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 |
3.300 |
3.300 |
3.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
56.968 |
50.609 |
38.406 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
60.268 |
53.909 |
41.706 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.362 |
4.731 |
1.768 |
|
|
2] Unsecured Loans |
3.745 |
3.580 |
5.050 |
|
|
TOTAL BORROWING |
7.107 |
8.311 |
6.818 |
|
|
DEFERRED TAX LIABILITIES |
0.072 |
0.132 |
0.023 |
|
|
|
|
|
|
|
|
TOTAL |
67.447 |
62.352 |
48.547 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
31.922 |
23.488 |
24.828 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
23.300 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
50.126
|
25.275 |
12.435 |
|
|
Sundry Debtors |
30.749
|
37.499 |
23.947 |
|
|
Cash & Bank Balances |
88.159
|
88.663 |
71.310 |
|
|
Other Current Assets |
11.315
|
12.888 |
8.833 |
|
|
Loans & Advances |
0.063
|
0.001 |
0.000 |
|
Total
Current Assets |
180.412
|
164.326 |
116.525 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
76.258
|
65.590 |
30.712 |
|
|
Other Current Liabilities |
91.419
|
58.932 |
62.094 |
|
|
Provisions |
0.510
|
0.940 |
0.000 |
|
Total
Current Liabilities |
168.187
|
125.462 |
92.806 |
|
|
Net Current Assets |
12.225
|
38.864 |
23.719 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
67.447 |
62.352 |
48.547 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
248.959 |
313.969 |
270.016 |
|
|
|
Other Income |
18.663 |
32.315 |
11.932 |
|
|
|
TOTAL (A) |
267.622 |
346.284 |
281.948 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
226.292 |
269.381 |
|
|
|
|
Employee Benefits Expenses |
9.927 |
8.211 |
267.413 |
|
|
|
Other Expenses |
44..553 |
53.507 |
|
|
|
|
Changes in Inventories of Finished Goods Work in Progress and Stock in
Trade |
(29.122) |
(5.137) |
|
|
|
|
TOTAL (B) |
251.650 |
325.962 |
267.413 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.972 |
20.322 |
14.535 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.120 |
0.721 |
0.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.852 |
19.601 |
13.910 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.890 |
2.924 |
2.265 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
11.962 |
16.677 |
11.645 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.060) |
4.474 |
3.992 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
12.022 |
12.203 |
7.653 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
32.457 |
24.804 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
44.660 |
32.457 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
364.31 |
369.80 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.49
|
3.52 |
2.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.80
|
5.31 |
4.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.63
|
8.87 |
8.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.31 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.12
|
0.15 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07
|
1.31 |
1.25 |
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 |
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Others |
3.745 |
3.580 |
|
TOTAL
|
3.745 |
3.580 |
FIXED ASSETS:
- Land
- Building
- Machinery
- Office
Equipments
- Vehicles
- Computer
- Gas Cylinder
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.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.