BUSINESS
INFORMATION REPORT
1. Summary Information
|
Country |
India |
||
|
Company Name |
TIRUMALA MUSIC
CENTRE PRIVATE LIMITED |
Principal Name 1 |
Mr. Praveen Kumar
Nangunuri |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Umayani
Nangunuri |
|
Registration # |
01-011076 |
||
|
Street Address |
16-10-27-105/10, Nangunuri Complex, Municipal Colony, Malakpet,
Hyderabad – 500 036, Andhra Pradesh |
||
|
Established Date |
02.03.1990 |
SIC Code |
-- |
|
Telephone# |
91-40-24551566 |
Business Style 1 |
Traders |
|
Fax # |
91-40-24552657 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronic Items |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Home Products |
|
Paid up capital |
Rs.45,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
Relatives of Directors – 100% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
24 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
92,512,000 |
Current Liabilities |
171,946,000 |
|
Inventories |
269,359,000 |
Long-term Liabilities |
70,227,000 |
|
Fixed Assets |
77,142,000 |
Other Liabilities |
45,838,000 |
|
Deferred Assets |
0 |
Total Liabilities |
288,011,000 |
|
Invest& other Assets |
41,634,000 |
Retained Earnings |
147,636,000 |
|
|
|
Net Worth |
192,636,000 |
|
Total Assets |
480,647,000 |
Total Liab. & Equity |
480,647,000 |
|
Total Assets (Previous Year) |
472,078,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
22,568,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
29,878,000 |
MIRA INFORM REPORT
|
Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
TIRUMALA MUSIC
CENTRE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
16-10-27-105/10, Nangunuri Complex, Municipal Colony, Malakpet, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.03.1990 |
|
|
|
|
Com. Reg. No.: |
01-011076 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 45.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909AP1990PTC011076 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDTO1046D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT8339A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Traders of Electronic Items and Home Products. |
|
|
|
|
No. of Employees
: |
Information
declined by the management. |
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 771000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Liquidity position of the company is decent. However, trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct.
The company can be considered normal for business dealing 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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 DENIDE
Management Non Co-operative
Contact No. 91-40-23316455
LOCATIONS
|
Registered/
Head Office : |
16-10-27-105/10,
Nangunuri Complex, Municipal Colony, Malakpet, |
|
Tel. No.: |
91-40-24551566/
24555577/ 24549879/ 23316455 |
|
Fax No.: |
91-40-24552657/
23316499 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate
Office : |
2nd
Floor, Lenaine Estate, Abids, |
|
Tel. No.: |
91-40-23202586/ 23204038/
65664444/ 65662222 |
|
|
|
|
Corporate
Office / Factory : |
# 6-3-249/3/2,
Lane Beside Fusion 9, Road No. 1, Banjara Hills, |
|
Tel. No.: |
91-40-23316455 /
6466 |
|
Fax No.: |
91-40-23316499 |
|
E Mail: |
|
|
|
|
|
Show Rooms : |
·
Kukatpally : Dr. Atmaram Estate, Hydernagar, ·
Begumpet : Near Airport Flyover, Begumpet, ·
Malakpet : · ABIDS : Ground Floor, Lenaine Estate ·
Putlibowli : MCH Complex, Putlibowli, ·
Cellone : Sri Krupa Market, ·
A · Tirupati · Vijaywada ·
|
|
|
|
|
Branch Office
: |
· ABIDS- Lenaine Estate ·
Butlibowli – MCH Complex, Koti, ·
Begumpet – Near |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Umayani
Nangunuri |
|
Designation : |
Whole Time
Director |
|
Address : |
16-2-681/D, Municipal Colony, Main Road, Malakpet, Hyderabsd – 500036,
Andhra Pradesh, India |
|
Date of Birth/Age : |
04.03.1971 |
|
Date of Appointment : |
09.12.2011 |
|
DIN No.: |
02047918 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31909AP1990PTC011076 |
TIRUMALA MUSIC
CENTRE PVT. LTD. |
Managing
director |
09/12/2011 |
02/03/1990 |
- |
Active |
NO |
|
2 |
U29309AP2006PTC049082 |
TMC ELECTRONICS
PRIVATE LIMITED |
Director |
08/02/2006 |
08/02/2006 |
- |
Active |
NO |
|
3 |
U74999AP2006PTC051108 |
TMC DOMUS
ITALICA INDIA PRIVATE LIMITED |
Managing
director |
09/12/2011 |
12/09/2006 |
- |
Active |
NO |
|
4 |
U52399AP2009PTC064129 |
LUXOSPHERE
ITALIA INDIA PRIVATE LIMITED |
Managing
director |
09/12/2011 |
25/06/2009 |
- |
Active |
NO |
|
5 |
U52600AP2009PTC063693 |
TOUCH HOMES
EXPRESS SERVICES PRIVATE LIMITED |
Managing
director |
09/12/2011 |
01/03/2010 |
- |
Active |
NO |
|
Name : |
Mr. Praveen Kumar
Nangunuri |
|
Designation : |
Director |
|
Address : |
Plot No. 144, SBI
Colony, Motilal Nehru Nagar, Begumpet, |
|
Date of Birth/Age : |
19.02.1980 |
|
Date of Appointment : |
24.08.2007 |
|
DIN No.: |
01871305 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31909AP1990PTC011076 |
TIRUMALA MUSIC
CENTRE PVT. LTD. |
Director |
24/08/2007 |
24/08/2007 |
- |
Active |
NO |
|
2 |
U65910AP1994PLC018450 |
TIRUMALA
SRINIVASA INFRASTRUCTURES (INDIA) LIMITED |
Additional director |
05/12/2007 |
05/12/2007 |
- |
Active |
NO |
|
3 |
U52600AP2009PTC063693 |
TOUCH HOMES
EXPRESS SERVICES PRIVATE LIMITED |
Director |
01/03/2010 |
01/03/2010 |
- |
Active |
NO |
|
Name : |
Mr. Hasika Nangunuri |
|
Designation : |
Director |
|
Address : |
Plot No 105 Gayatri Hills Road No 10 C, MLA MP Colony Jubilee Hills,
Hyderabad - 500033, Andhra Pradesh, India
|
|
Date of Birth/Age : |
17.03.1993 |
|
Date of Appointment : |
09.12.2011 |
|
DIN No.: |
05156048 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31909AP1990PTC011076 |
TIRUMALA MUSIC
CENTRE PVT. LTD. |
Director |
09/12/2011 |
09/12/2011 |
- |
Active |
NO |
|
2 |
U29309AP2006PTC049082 |
TMC ELECTRONICS
PRIVATE LIMITED |
Director |
09/12/2011 |
09/12/2011 |
- |
Active |
NO |
|
3 |
U52600AP2009PTC063693 |
TOUCH HOMES
EXPRESS SERVICES PRIVATE LIMITED |
Director |
09/12/2011 |
09/12/2011 |
- |
Active |
NO |
|
4 |
U74999AP2006PTC051108 |
TMC DOMUS
ITALICA INDIA PRIVATE LIMITED |
Director |
09/12/2011 |
09/12/2011 |
- |
Active |
NO |
|
5 |
U52399AP2009PTC064129 |
LUXOSPHERE
ITALIA INDIA PRIVATE LIMITED |
Director |
09/12/2011 |
09/12/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
1,997,960 |
44.40 |
|
|
351,020 |
7.80 |
|
Tejas Nangunuri |
351,020 |
7.80 |
|
Venkatesh Nangunuri |
900,000 |
20.00 |
|
Praveen Kumar Nangunuri |
900,000 |
20.00 |
|
Total |
4,500,000 |
100.00 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Traders of Electronic
Items and Home Products. |
|
|
|
|
Products : |
·
Consumer Electronics ·
Home Appliances ·
Water Cooler ·
Tape Recorder ·
Deck ·
Television ·
VCR, DVD Player and DVD
Recorder ·
Washing Machine ·
Refrigerator ·
Radio ·
Air Conditioner ·
Fan ·
Still Camera ·
Video Camera ·
Camcorder ·
Video Game ·
MP3 Player ·
Microwave ·
Dish Washer ·
Toaster ·
Mixies and Grinder ·
Vaccume Cleaner ·
Iron Box ·
Water Heater ·
Car Audio ·
Telephone ·
Digital Camera ·
Sewing Machine |
GENERAL INFORMATION
|
No. of Employees : |
Information
declined by the management. |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Venugopal and
Chenoy Chartered
Accountants |
|
Address : |
4-1-889/16/2,
Tilak Road, Hyderabad – 500 001, Andhra Pradesh, India |
|
Pan. No.: |
AACFV0612M |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
45.000 |
45.000 |
|
(b) Reserves & Surplus |
|
147.636 |
125.068 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
192.636 |
170.068 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
12.401 |
15.628 |
|
(b) Deferred tax liabilities
(Net) |
|
2.791 |
2.552 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
15.192 |
18.180 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
57.826 |
66.994 |
|
(b) Trade payables |
|
160.667 |
161.138 |
|
(c) Other current liabilities |
|
43.047 |
45.725 |
|
(d) Short-term provisions |
|
11.279 |
9.973 |
|
Total
Current Liabilities (4) |
|
272.819 |
283.830 |
|
|
|
|
|
|
TOTAL |
|
480.647 |
472.078 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
77.142 |
79.116 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.841 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
41.634 |
39.701 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
26.108 |
25.450 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
144.884 |
145.108 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
269.359 |
231.563 |
|
(c) Trade receivables |
|
8.891 |
16.340 |
|
(d) Cash and cash equivalents |
|
28.211 |
63.785 |
|
(e) Short-term loans and
advances |
|
26.848 |
12.828 |
|
(f) Other current assets |
|
2.454 |
2.454 |
|
Total
Current Assets |
|
335.763 |
326.970 |
|
|
|
|
|
|
TOTAL |
|
480.647 |
472.078 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
45.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
95.188 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
140.188 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
49.658 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
49.658 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.004 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
191.850 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
74.987 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
33.702 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
221.759
|
|
|
Sundry Debtors |
|
|
10.276
|
|
|
Cash & Bank Balances |
|
|
25.275
|
|
|
Other Current Assets |
|
|
1.588
|
|
|
Loans & Advances |
|
|
41.431
|
|
Total
Current Assets |
|
|
300.329
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
156.262
|
|
|
Other Current Liabilities |
|
|
43.647
|
|
|
Provisions |
|
|
17.259
|
|
Total
Current Liabilities |
|
|
217.168
|
|
|
Net Current Assets |
|
|
83.161
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
191.850 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
NA |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Purchases |
|
|
|
|
|
|
Personnel Expenses |
|
|
|
|
|
|
Administrative & Other Expenses |
|
|
NA |
|
|
|
Selling Expenses |
|
|
|
|
|
|
Miscellaneous Expenditure Written off |
|
|
|
|
|
|
Increase/ Decrease in Stocks |
|
|
|
|
|
|
TOTAL (B) |
|
|
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
34.086 |
46.296 |
48.151 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.518 |
16.418 |
17.575 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
22.568 |
29.878 |
30.576 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
22.568 |
29.878 |
30.576 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.02 |
6.64 |
6.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.76
|
10.73
|
12.83
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.27
|
0.34
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.36
|
0.48
|
0.35
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
1.15
|
1.38
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
45.000 |
45.000 |
|
Reserves & Surplus |
|
125.068 |
147.636 |
|
Net
worth |
|
170.068 |
192.636 |
|
|
|
|
|
|
long-term borrowings |
|
15.628 |
12.401 |
|
Short term borrowings |
|
66.994 |
57.826 |
|
Total
borrowings |
|
82.622 |
70.227 |
|
Debt/Equity
ratio |
|
0.486 |
0.365 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
No |
|
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 |
Yes |
|
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 |
No |
LITIGATION DETAILS
|
WA 27 / 2014 |
WASR 55867 /
2010 |
CASE IS:PENDING |
|
PETITIONER |
RESPONDENT |
|
|
GREATER HYDERABAD MUNICIPAL CORP. HYD |
VS |
M/S. TIRUMALA MUSIC CENTER PVT. LTD., AND ANOTHER |
|
PET.ADV. : DAMODAR REDDY(SC FOR GHMC) |
RESP.ADV. : ANJANA TAGGARSE |
|
|
SUBJECT: WA |
DISTRICT: HYDERABAD |
|
FILING DATE: 01.05.2010 |
POSTING STAGE : FOR ADMISSION AND HEARING |
|
|
REG. DATE : 08.01.2014 |
LISTING DATE : 21.01.2014 |
STATUS : ADMIT |
|
HON'BLE JUDGE(S): |
HON'BLE THE CHIEF JUSTICE |
SANJAY KUMAR |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10474985 |
29/01/2014 |
45,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B95246351 |
|
2 |
10474987 |
29/01/2014 |
45,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B95247334 |
|
3 |
10176313 |
29/08/2011 * |
185,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D,, NARIMAN POINT,, M |
B22811871 |
* Date of charge modification
OPERATING
FINANCIAL RESULTS
Operating Financial
Results For The year of report are furnished below Profit/(Loss) Before Tax
Rs.34.086 Millions Less Provision Taxation Rs.11.518 Millions Balance Profit Of
Earlier Year Rs.112.676 Millions Balance Sheet Rs.22.568 Millions dividend your
directors are not proposing any dividend for the financial year ended 31stmarch
2013, to conserve the financial resources of the company directors there is not
change in the Board Of Directors of the company during the financial year share
capital there is no change in the share capital of the company during the
financial year deposits the company has not accepted any deposits from the
public during the year appreciation your director wish to place on record,
their appreciation for the sincere services rendered by the employees of the
company and their co-operation at all levels
UNSECURED LOAN
|
Particulars |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long term
borrowing |
|
|
|
Rupee term loans from others |
11.869 |
13.225 |
|
|
|
|
|
Total |
11.869 |
13.225 |
FIXED ASSETS:
·
Land
·
Buildings
·
Vehicles
·
Computers
·
Office Equipments
·
Furniture and Fixtures
·
Goodwill
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. 60.10 |
|
|
1 |
Rs. 99.85 |
|
Euro |
1 |
Rs. 82.58 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--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 |
|
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.