MIRA
INFORM REPORT
|
Report Date : |
14.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
GREAT SPORTS INFRA PRIVATE LIMITED (w.e.f.01.04.2009) |
|
|
|
|
Formerly Known
As : |
SURAVARAM MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 101, 1-10-68/4, Plot No. 52, Street No. 2, Chikoti Gardens,
Begumpet, Hyderabad-500016, Andhra Pradesh |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.06.2004 |
|
|
|
|
Com. Reg. No.: |
01-043476 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.000 Millions |
|
|
|
|
IEC No.: |
0904010368 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52520AP2004PTC043476 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS09730A |
|
|
|
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PAN No.: [Permanent Account No.] |
AAICS3010R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Trader and Importer of Artificial Grass and Sport Surfaces. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually Correct |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is sound. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for 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 – 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 PARTED BY
|
Name : |
Mr. B.S. Kamath |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9959990681 |
|
Date : |
10.04.2014 |
LOCATIONS
|
Registered Office / Head Office : |
Flat No. 101, 1-10-68/4, Plot No. 52, Street No. 2, Chikoti Gardens,
Begumpet, Hyderabad-500016, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27764900 / 5000 |
|
Mobile No.: |
91-9849046060 (Anil Kumar) |
|
Fax No.: |
91-40-27764900 |
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E-Mail : |
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Website: |
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|
Area : |
400 sq. ft. |
|
|
|
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Administrate Office : |
302, Vintage Boulvard, Raj Bhavan Road, Somejiguda, Hyderabad – 500082, Andhra
Pradesh, India |
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Tel. No.: |
91-40-66844900 |
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Fax No.: |
91-40-23304900 |
|
E-Mail : |
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|
Area : |
600 sq. ft.(Rented) |
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|
|
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Godown : |
Kushaiguda, Andhra Pradesh, Hyderabad, India |
|
Area : |
4000 sq. ft. (Rented) |
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Distributers: |
Located at: ·
Maharashtra ·
Goa ·
New Delhi ·
Gujarat ·
Madhya Pradesh ·
Chhattisgarh ·
Rajasthan ·
Southern Tamilnadu ·
Karnataka ·
Northern Tamilnadu ·
West Bengal and
Assam ·
Nagaland ·
Jammu and kashmir ·
South Andhra ·
North Andhra region ·
Kerala ·
Sri Lanka · Jharkhand |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Suravaram Anil Kumar |
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Designation : |
Managing Director |
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|
Address : |
302, Street No.3, Padmarao Nagar, Secunderabad–500025, Andhra Pradesh,
India |
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Date of Birth/Age : |
09.03.1969 |
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Qualification : |
B. E. , MBA |
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Date of Appointment : |
15.06.2004 |
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DIN No.: |
00045478 |
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Name : |
Mr. Vikram Keashav Muratee |
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Designation : |
Director |
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Address : |
Plot No 178, Road No 72, Prashasan Nagar, Jublee Hills, Hyderabad-500033,
Andhra Pradesh, India |
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Date of Birth/Age : |
27.07.1966 |
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Qualification : |
B. E. |
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Date of Appointment : |
03.10.2005 |
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DIN No.: |
00525595 |
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Other Directorship:
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Name : |
Ms. Suravaram Sujata Reddy |
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Designation : |
Director |
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Address : |
302, Street No 3, Padmarao Nagar, Secunderabad, Andhra Pradesh, India |
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Date of Birth/Age : |
27.10.1967 |
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|
Qualification : |
B. E. |
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|
Date of Appointment : |
15.06.2004 |
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DIN No.: |
00045466 |
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KEY EXECUTIVES
|
Name : |
Mr. Ravindra Ankam |
|
Designation : |
Advocates |
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|
|
|
Name : |
Mr. B.S. Kamath |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anil Kumar S |
|
539558 |
|
Sujatha S |
|
133000 |
|
Edgar Luke Mascarenhas and Michella Fleur |
|
16139 |
|
Kesar V Muratee |
|
74740 |
|
Sudhir S |
|
11291 |
|
Jyothi S |
|
22583 |
|
Krishna Vardhan S |
|
22583 |
|
Venkat, N Komatineni |
|
25292 |
|
Vivek Hebbar |
|
25292 |
|
Kirtana Ramarapu |
|
50754 |
|
Anil Koripelly |
|
75674 |
|
Naresh Raghavan, C |
|
22500 |
|
John Ayyachamy |
|
49377 |
|
Chetan Naik |
|
25767 |
|
Rupesh Tikku |
|
1700 |
|
Sreedhar Reddy G |
|
2000 |
|
Ch. Saratchandra Rao |
|
500 |
|
M. Vasudeva Rao |
|
500 |
|
B S Kamath |
|
750 |
|
Total |
|
1100000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Artificial Grass and Sport Surfaces. |
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|
|
|
Imports : |
|
|
Products : |
·
Artificial Grasses ·
Sport Surfaces
|
|
Countries : |
·
USA ·
Germany |
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|
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|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Rama Rapu Marketing Private Limited, Bangalore, Karnataka, India |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Customers : |
·
Microsoft ·
Vodafone ·
Coca Cola ·
National Stock Exchange ·
Capgemini ·
Hero Honda ·
Brigade Metropolis ·
Voltas ·
Hindustan Petroleum ·
GMR ·
Tanishq ·
Counsulate General Iran ·
ONGC ·
Birla Trust ·
Raheja Group ·
Greenply ·
Actor Sunil Shetty ·
British High Commission ·
SBI Staff College ·
TCS ·
Symphony Services ·
Mayawati`s Brother`s Residence ·
Videocon ·
KCR (President, TRS party) ·
National Police Academy |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Kotak Mahindra Bank Limited, 36-38 A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India ·
HDFC Bank Limited, HDFC Bank House Senapati
Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India ·
State Bank of India |
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Facilities : |
Notes: Long Term Borrowings Term loan of Rs.6.034 Million received during the year form India Bulls Housing Finance at 11.50% rate
of interest. This loan is repayable in 120 monthly installments from December
2012 through November 2022. This loan is secured by the assets acquired form
the loan proceeds. The vehicle loan
from Kotak Mahindra Bank Limited carried a rate of interest of 11.09% and is
primarily by the car acquired from such loan. This loan is repayable in 36
equated monthly installments starting from March 2012 through. Short Term Borrowings Working capital demand cash/credit facilities carries an interest rate
of 12.75% and are secured by way of first and exclusive charge on all
existing and future current assets/moveable fixed assets of the company and
collateral charges over the company’s property and further personally
guaranteed by all the directors. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions: |
Indiabulls Housing Finance Limited, F-60 Malhotra
Building, 2nd Floor, Connaught Place, New Delhi - 110001, Delhi, India |
|
|
|
|
Auditors : |
|
|
Name : |
K. Vijayaraghavan and Associates Chartered Accountants |
|
Address : |
Plot No. 54, Sagar Society, Road No. 2, Banjara Hills, Hyderabad – 213723,
Andhra Pradesh, India |
|
PAN No.: |
AAGFK7495M |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/-each |
Rs.20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1100000 |
Equity Shares |
Rs.10/- each |
Rs.11.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
11.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
64.561 |
53.276 |
31.037 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
75.561 |
63.276 |
41.037 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.131 |
1.168 |
0.595 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.470 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
7.601 |
1.168 |
0.595 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6.131 |
0.000 |
0.000 |
|
(b) Trade payables |
25.847 |
29.804 |
24.008 |
|
(c) Other current
liabilities |
7.185 |
5.580 |
2.496 |
|
(d) Short-term provisions |
3.157 |
3.463 |
4.986 |
|
Total Current Liabilities (4) |
42.320 |
38.847 |
31.490 |
|
|
|
|
|
|
TOTAL |
125.482 |
103.291 |
73.122 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6.408 |
7.706 |
5.611 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
8.217 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.592 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.752 |
5.713 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
25.969 |
13.419 |
5.611 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
20.950 |
28.006 |
17.902 |
|
(c) Trade receivables |
62.346 |
39.750 |
33.361 |
|
(d) Cash and cash
equivalents |
13.958 |
16.738 |
3.650 |
|
(e) Short-term loans and
advances |
2.200 |
5.225 |
12.598 |
|
(f) Other current assets |
0.059 |
0.153 |
0.000 |
|
Total Current Assets |
99.513 |
89.872 |
67.511 |
|
|
|
|
|
|
TOTAL |
125.482 |
103.291 |
73.122 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
|
|
|
|
||
|
|
|
Income |
167.571 (Gross Sales) |
|
79.624 |
|
|
|
|
Other Income |
NA |
|
31.668 |
|
|
|
|
TOTAL |
NA |
161.115 |
111.292 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
NA |
127.735 |
93.302 |
||
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
19.314 |
NA |
NA |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
0.752 |
NA |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
18.562 |
NA |
NA |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
1.247 |
NA |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
17.315 |
33.380 |
17.990 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
6.029 |
11.141 |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
11.286 |
22.239 |
NA |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Purchase of artificial turf |
41.447 |
42.922 |
NA |
|
|
|
|
Purchase of snaps ports, tennis acrylic and other materials |
7.912 |
7.553 |
NA |
|
|
|
TOTAL IMPORTS |
49.359 |
50.475 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
10.88 |
22.24 |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
13.80 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
22.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.84 |
32.32 |
24.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.53 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.16 |
0.02 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.35 |
2.31 |
2.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
10.000 |
10.000 |
11.000 |
|
Reserves & Surplus |
31.037 |
53.276 |
64.561 |
|
Net
worth |
41.037 |
63.276 |
75.561 |
|
|
|
|
|
|
long-term borrowings |
0.595 |
1.168 |
6.131 |
|
Short term borrowings |
0.000 |
0.000 |
6.131 |
|
Total
borrowings |
0.595 |
1.168 |
12.262 |
|
Debt/Equity
ratio |
0.014 |
0.018 |
0.162 |
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
GENRAL
INFORMATION:
The company was incorporated on June 14, 2004 with the name ‘Suravaram Marketing
Private Limited’ subsequently charges to 'Great Sports Infra Private Limited’.
The company is the Pioneer in artificial grass segment in India. The company
provides International standard surfaces for sports such as Football, Tennis,
Basketball, Volleyball, Running Race, Golf, Squash, Cricket, Gymnastics and
many other sports.
OPERATING RESULTS
AND BUSINESS:
Barring any unforeseen situation the directors expects a significant
growth in operational profitability in the current year (2013-2014). The
directors expect turnover to be possibly double in spite of adverse currency
exchange rates and more competition.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10455138 |
04/01/2014 * |
53,500,000.00 |
HDFC BANK LIMITED |
HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B93462752 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
PRESSED RELEASE:
GREAT SPORTS INFRA BAGS FOUR KEY PROJECTS FOR KERALA NATIONAL GAMES 2014
Hyderabad, Andhra Pradesh, India
Hyderabad-based Great Sports Infra (GSI) has won four large
projects for construction of sports facilities for the upcoming 2014 National
Games, to be held in Kerala.
The company has bagged tenders for a FIFA-standard artificial grass Football
field, FIH-standard artificial grass Hockey field, and two 400 Metre
IAAF-standard synthetic athletic tracks in Kerala, for various Games venues.
As the games are scheduled to be held in 2014, GSI has already started work on
the fields, while keeping in mind the strict guidelines for international level
play. The synthetic turf to be installed in Football and Hockey fields will be
imported from world leader in artificial grass, Field Turf and the athletic
tracks will be installed with an IAAF-approved German product, Porplastic.
"We have always maintained a track record of flawless installations, and
on-time delivery. Work is already underway and we are making sure of highest
degree of precision in the construction. These projects are sure to encourage
and add further to the glorious sports culture of Kerala." Says GSI
Director of Operations, Lt. Col. John K. John.
GSI's recent 400 Meter synthetic track installation at Bangalore has been
awarded the much coveted IAAF certification. Meanwhile, they are about to finish
work on its second IAAF-standard synthetic athletic track at Udupi. They have
also recently bagged projects for supplying FIH-standard artificial Hockey turf
in Simdega, Jharkhand, and three FIFA-standard artificial grass soccer fields
in Meghalaya.
Great Sports Infra has, to date, installed over 100 sports fields in India,
including a dozen FIFA-standard soccer fields, FIH approved hockey fields, IAAF
certified athletic tracks, and several indoor & outdoor sports facilities
for government, defence, educational institutes, corporate campuses,
residential societies & training academies.
FIELDTURF SCORES A HAT-TRICK WITH 3 SYNTHETIC TURF FOOTBALL FIELDS
HYDERABAD, India, November 28, 2011
Great Sports Infra, FieldTurf's exclusive Licensee for the
SAARC region, has been awarded three more artificial turf football field
contracts: Rajiv Gandhi Stadium and Thuamluaia Huali in Mizoram and the
Jawaharlal Nehru Stadium in Shillong.
Football fever is surely on the rise in India after the huge
success of the 1st-ever International FIFA match held recently at
the iconic Salt Lake Stadium between Argentina and Venezuela, featuring the
world's greatest player - Messi. The match was played on FieldTurf's artificial
grass and the surface received high praise from the players and notably the
Argentine coach Mr. Sabella.
Mr. Anil Kumar, Managing Director of Great Sports Infra
says, "We are delighted to have been awarded these 3 prestigious projects.
This reflects the product quality and execution capability we have demonstrated
in the past with SAARC region's first FIFA recommended artificial grass field
at Chowgule College in Goa (2005) and subsequently Salt Lake Stadium (Kolkata),
Paljor Stadium (Sikkim), and Assam Rifles Stadium (Mizoram), to name a
few".
Mizoram Sports Minister Mr. Zodintluanga says "The
entire project was executed professionally. Great Sports Infra showed great
expertise in designing and constructing the sub-base and then installing the
FieldTurf artificial grass, with sophisticated equipment. We commend Great
Sports Infra for a wonderful job".
FieldTurf President Eric Daliere says "Delivering the
highest quality, superior performing and safest artificial turf systems has
been our mission at FieldTurf from the very beginning. We are pleased that FieldTurf
will be installed at these three renowned venues."
FieldTurf is a "FIFA Preferred Producer". With
over 160 FIFA certified fields worldwide, FieldTurf is by far the leader in
artificial grass football fields.
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. |
|
|
1 |
Rs. |
|
Euro |
1 |
Rs. |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
46 |
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.