MIRA INFORM REPORT
|
Report Date : |
10.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
BGR MINING AND INFRA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
16-II-380-B, Srinivasa, Agraharam, Nellore – 524002, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.04.2011 |
|
|
|
|
Com. Reg. No.: |
01-073928 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 450.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400AP2011PTC073928 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDB04910D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECB5497R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Contractor of Over Burden Removal and Coal Extraction in Coal Mining |
|
|
|
|
No. of Employees
: |
1600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3074000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of “B. Giriraja Pathi Reddy”, a partnership
concern started in the year 1988. It is an established company having moderate track record. The company has marked below – average
financial risk profile. However, trade relations are reported as fair.
Business is active. Payments are reported to he slow but correct. 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 – 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 |
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term B+ |
|
Rating Explanation |
High risk of default |
|
Date |
July 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term A4 |
|
Rating Explanation |
The risk prone credit. It carry high credit
risk. |
|
Date |
July 2013 |
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 PARTED BY
|
Name : |
Mr. D Venkaram Reddy |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9177612060 |
|
Date : |
08.10.2013 |
LOCATIONS
|
Registered Office : |
16-II-380-B, Srinivasa, Agraharam, Nellore – 524002, Andhra Pradesh,
India |
|
Tel. No.: |
91-240-2307023 |
|
Fax No.: |
91-240-2307023 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000sq.fts |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
8-2-596/R, Road No 10, Banjarahills Nearkarvey Junction, Hyderabad –
500034, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23351932 |
|
Fax No.: |
91-40-23351931 |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Bathina Umapathi Reddy |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
16/ II - 380b, Srinivasa Agraharam, Stonehousepeta, Nellore – 524003,
Andhra Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1959 |
|||||||||||||||||||||||||||
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DIN No. : |
02202915 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
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|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Induru Sudhakara Reddy |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
24/II/424-I, Saraswathi Nagar, Dargamitta, Nellore 524003, Andhra
Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.08.1954 |
|||||||||||||||||||||||||||
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DIN No. : |
02202931 |
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Other Directorship :
|
||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Bathina Girijapathi Reddy |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
24/383-21D, Sujathamma Colony, Dargamitta, Nellore -524003, Andhra
Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.06.1956 |
|||||||||||||||||||||||||||
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DIN No. : |
02292691 |
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Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Karthik Bathena |
|||||||||||||||||||||||||||
|
Designation : |
Additional Director |
|||||||||||||||||||||||||||
|
Address : |
H No 8-2-415/1, Flat No 2F The Address Aots Road 4, Banjara Hills, Hyderabad
– 500034, Andhra Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.05.1985 |
|||||||||||||||||||||||||||
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DIN No. : |
05286814 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Bathina Umapathi Reddy |
10800000 |
|
Sudhakar Reddy |
6750000 |
|
Bathina Girijapathi Reddy |
2700000 |
|
V Raghurami Reddy |
4500000 |
|
Vijayalakshmi B |
4050000 |
|
Rohit Reddy Bathina |
4050000 |
|
Bathina Karthik |
4050000 |
|
Deepak induru |
4050000 |
|
Dheeraj Induru |
4050000 |
|
|
|
|
Total |
45000000 |
As on: 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Contractor of Over Burden Removal and Coal Extraction in Coal Mining |
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|
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
1600 (Approximately) |
||||||||||||||||
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|
||||||||||||||||
|
Bankers : |
OD Rs. 250.000
Millions
OD Rs. 150.000
Millions
OD Rs. 250.000
Millions |
||||||||||||||||
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|
||||||||||||||||
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Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Financial
Institution : |
SREI Equipment Finance Private Limited, Vishwakara, 86C, Topsia Road,
Kolkata – 700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Sunder Rajarao and Company Chartered Accountants |
|
Address : |
Flat No.3, Mayuri
Apartments, Leelamahal Road, Nellore - 524003 |
|
Tel. No.: |
91-861-2328834, 2335185 |
|
PAN No. : |
AAEPI0214L |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
Rs.10/- each |
Rs. 450.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
450.000 |
|
(b) Reserves & Surplus |
|
|
318.733 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
768.733 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
1465.671 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
117.215 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
1582.886 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
|
526.669 |
|
(b) Trade payables |
|
|
274.400 |
|
(c) Other current
liabilities |
|
|
70.802 |
|
(d) Short-term
provisions |
|
|
0.000 |
|
Total Current
Liabilities (4) |
|
|
871.871 |
|
|
|
|
|
|
TOTAL |
|
|
3223.490 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
2147.760 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
216.679 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
25.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-current assets |
|
|
136.586 |
|
Total Non-Current
Assets |
|
|
2526.025 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
368.327 |
|
(c) Trade receivables |
|
|
110.974 |
|
(d) Cash and cash
equivalents |
|
|
37.333 |
|
(e) Short-term loans
and advances |
|
|
180.831 |
|
(f) Other current
assets |
|
|
0.000 |
|
Total Current Assets |
|
|
697.465 |
|
|
|
|
|
|
TOTAL |
|
|
3223.490 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
|
1997.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
1568.400 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
429.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
273.400 |
|
|
|
|
|
|
|
|
|
Less |
LOSS ON SALE OF
FIXED ASSETS |
|
|
80.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
75.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
45.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
|
30.100 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
30.100 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
|
|
1.133 |
|
|
|
Machinery Spares |
|
|
5.427 |
|
|
TOTAL IMPORTS |
|
|
6.560 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
0.67 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
2360.000 |
|
|
|
|
|
Expected Sales (2013-14): Rs. 3000.000 Millions
The above information has been parted by Mr. D Venkaram Reddy
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
PAT / Total Income |
(%) |
|
|
1.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
2.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
|
2.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.80 |
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 |
Yes |
|
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 one years |
Yes |
|
12] |
Profitability
for last one 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 |
Yes |
|
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 |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
NOTE:
The registered address of the company has been
shifted from D No 8-2-596/R, Road No. 10, Banjara Hills, Near Karvey Junction,
Hyderabad – 500034, Andhra Pradesh, India to the present address w.e.f.
25.06.2011
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10452288 |
04/10/2013 |
9,303,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL
W, MUMBAI, Maharashtra - 400013, INDIA |
B86361185 |
|
2 |
10445582 |
02/09/2013 |
39,393,300.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B83329748 |
|
3 |
10452319 |
29/08/2013 |
4,084,000.00 |
ING VYSYA BANK LIMITED |
#3-6-140A&B, 3rd FLOOR, CONSUMER
FINANCE DIVISION, NETAJI BHAVAN, HIMAYATH NAGAR MAIN ROAD, HYDERABAD, Andhra
Pradesh - 500029, INDIA |
B86370103 |
|
4 |
10446365 |
22/08/2013 |
26,400,322.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B83692178 |
|
5 |
10446362 |
22/08/2013 |
32,482,512.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B83691238 |
|
6 |
10446363 |
22/08/2013 |
33,525,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B83691360 |
|
7 |
10444150 |
05/08/2013 |
6,910,800.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B82628942 |
|
8 |
10444807 |
05/08/2013 |
6,910,800.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B82975103 |
|
9 |
10442050 |
01/08/2013 |
3,269,743.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, West
Bengal - 700046, INDIA |
B81694200 |
|
10 |
10442040 |
01/08/2013 |
8,853,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B81690984 |
|
11 |
10442484 |
31/07/2013 |
32,500,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort,
Mumbai, Maharashtra - 400001, INDIA |
B81896284 |
|
12 |
10440912 |
30/07/2013 |
120,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai
Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA
|
B81061202 |
|
13 |
10442452 |
23/07/2013 |
32,500,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai,
Maharashtra - 400001, INDIA |
B81896896 |
|
14 |
10441115 |
15/07/2013 |
1,908,210.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B81167348 |
|
15 |
10441112 |
15/07/2013 |
8,878,713.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B81163875 |
|
16 |
10440607 |
08/07/2013 |
25,704,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B81165011 |
|
17 |
10434720 |
03/07/2013 |
32,482,500.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B78673951 |
|
18 |
10442482 |
29/06/2013 |
25,704,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort,
Mumbai, Maharashtra - 400001, INDIA |
B81894206 |
|
19 |
10443731 |
27/06/2013 |
90,669,020.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE,
Maharashtra - 411001, INDIA |
B82451394 |
|
20 |
10442446 |
26/06/2013 |
6,500,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai,
Maharashtra - 400001, INDIA |
B81893372 |
|
21 |
10442449 |
19/06/2013 |
26,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort,
Mumbai, Maharashtra - 400001, INDIA |
B81895237 |
|
22 |
10436151 |
15/06/2013 |
47,317,326.00 |
ICICI BANK LIMITED |
ICICI Bank Towers, 6th Floor, Tower 3
South wing, Plot no 12 Financial
District Gachibowli, Hyderabad, Andhra Pradesh - 500032, INDIA |
B79321105 |
|
23 |
10431105 |
08/06/2013 |
19,775,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B77095453 |
|
24 |
10431088 |
08/06/2013 |
26,725,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B77088623 |
|
25 |
10434717 |
01/06/2013 |
25,704,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B78673589 |
|
26 |
10431979 |
22/05/2013 |
25,704,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B77469609 |
|
27 |
10431973 |
15/05/2013 |
25,704,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA,
West Bengal - 700046, INDIA |
B77469302 |
|
28 |
10429360 |
15/05/2013 |
129,930,060.00 |
Daimler Financial Services India Private
Limited |
Unit 202, 2nd Floor, Campus 3B,RMZ
Millennia, Business Park, No.143, Dr. M.G.R.Road, Perungudi, Chennai, Tamil
Nadu - 600096, INDIA |
B76358811 |
|
29 |
10429527 |
30/04/2013 |
25,000,000.00 |
SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED |
MOOKAMBIKA COMPLEX, 3RD FLOOR, NO.4. LADY
DESIKA |
B76487404 |
|
30 |
10425256 |
30/04/2013 |
40,000,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE, BALLARD ESTATE, MUMBAI,
Maharashtra - 400001, INDIA |
B74980921 |
|
31 |
10421629 |
30/03/2013 |
30,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai
Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA
|
B73719817 |
|
32 |
10412503 |
06/03/2013 |
43,192,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B71019764 |
|
33 |
10406428 |
03/02/2013 |
14,229,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B68976463 |
|
34 |
10397815 |
15/01/2013 |
45,000,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B66171786 |
|
35 |
10402116 |
08/01/2013 |
14,229,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK STREET, KOLKATA, West
Bengal |
B67754275 |
|
36 |
10389958 |
22/11/2012 |
50,000,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B63309306 |
|
37 |
10396525 |
20/11/2012 |
29,250,000.00 |
SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED |
MOOKAMBIKA COMPLEX, 3RD FLOOR, NO.4. LADY
DESIKA |
B65742181 |
|
38 |
10386171 |
15/10/2012 |
88,000,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, West
Bengal - 700046, INDIA |
B61986279 |
|
39 |
10380337 |
30/09/2012 |
11,700,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort,
Mumbai, Maharashtra - 400001, INDIA |
B59609362 |
|
40 |
10372769 |
31/07/2012 |
45,500,000.00 |
SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED |
MOOKAMBIKA COMPLEX, 3RD FLOOR,, NO.4. LADY
DESIKA ROAD, MYLAPORE, CHENNAI, Tamil
Nadu - 600004, INDIA |
B56458433 |
|
41 |
10371040 |
21/07/2012 |
50,700,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035,
INDIA |
B55835656 |
|
42 |
10370443 |
19/07/2012 |
19,295,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani
Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA |
B45640208 |
|
43 |
10365229 |
14/07/2012 |
60,750,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE, MUMBAI,
Maharashtra - 400001, INDIA |
B43515386 |
|
44 |
10353754 |
25/04/2012 |
83,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035,
INDIA |
B38944906 |
|
45 |
10352970 |
15/04/2012 |
14,956,240.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA,
West Bengal - 700046, INDIA |
B38688982 |
|
46 |
10345862 |
27/03/2012 |
685,600,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN
POINT, MUMBAI, Maharashtra - 400021, INDIA |
B36424141 |
|
47 |
10342991 |
29/02/2012 |
5,120,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, Maha |
B35377704 |
|
48 |
10343160 |
29/02/2012 |
5,120,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, Maharashtra - 400001, INDIA |
B35448323 |
|
49 |
10343004 |
29/02/2012 |
5,280,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, Maharashtra - 400001, INDIA |
B35376748 |
|
50 |
10343156 |
29/02/2012 |
5,280,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, Maharashtra - 400001, INDIA |
B35447523 |
|
51 |
10343158 |
29/02/2012 |
5,280,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, Maharashtra - 400001, INDIA |
B35448067 |
|
52 |
10341374 |
25/02/2012 |
6,100,000.00 |
ICICI BANK LIMITED |
ICICI Bank Towers,Plot No.12, 6th Floor,
Tower II , South Wing ,Nanakram Guda, HYDERABAD, Andhra Pradesh -500032,
INDIA |
B34606871 |
|
53 |
10338765 |
15/02/2012 |
7,184,880.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B33514035 |
|
54 |
10338768 |
15/02/2012 |
9,509,400.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B33514720 |
|
55 |
10338755 |
15/02/2012 |
136,505,720.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA,
West Bengal - 700046, INDIA |
B33511031 |
|
56 |
10337563 |
31/12/2011 |
22,100,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani
Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA |
B32962185 |
|
57 |
10337899 |
31/12/2011 |
27,900,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai
Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA
|
B33096694 |
|
58 |
10309673 |
11/05/2012 * |
350,000,000.00 |
SYNDICATE BANK |
G N T ROAD, DARGAMITTA BRANCH, NELLORE,
Andhra Pradesh - 524003, INDIA |
B40227456 |
|
59 |
10306003 |
18/08/2011 |
150,000,000.00 |
BANK OF BARODA |
# 3-6-262/2, CORPORATE FINANCIAL SERVICES
BRANCH, TIRUMALA ESTATES, 3RD FLOOR, HIMAYATH NAGAR, HYDERABAD, Andhra
Pradesh - 500029, INDIA |
B20411633 |
*Date of Charge Modification
BUSINESS OPERATIONS AND OUTLOOK:
The Company earned
a total Profit of Rs. 30.100 and ance of the company is satisfactory and the
directors are hopeful of even better performance in the current year. With
respect to Hotel project of the company, the progress, the civil works are
completed and negotiations with respect running and commissioning are on the
way and your directors are hopeful of commissioning the project at an early
date.
FIXED ASSETS:
œ Land
œ Buildings
œ Office building
œ Plant and equipment
œ Furniture and fixtures
œ Vehicles
œ Motor vehicles
œ Office equipment
œ Computer equipments
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.61.92 |
|
|
1 |
Rs.99.45 |
|
Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
29 |
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.