MIRA INFORM REPORT
|
Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
WELSET POLYPACK PRIVATE LIMITED (w.e.f. 16.08.2007) |
|
|
|
|
Formerly Known
As : |
P & P ALUMINIUM PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Survey No-20,21,22, Ghanpuir Village, Medhchal Mandal, Ranga,
Hyderabad – 500014, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.06.2007 |
|
|
|
|
Com. Reg. No.: |
01-054681 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.38.560 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27203AP2007PTC054681 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDW00402D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW7228F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of CPP (Cast Polypropylene Film) |
|
|
|
|
No. of Employees : |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 270000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. As per Registrar of companies the date of Balance sheet i.e.,
Financials filed is shown as 31st march, 2013 but the documents
related to the financials for the year 2013 are not available from any
sources. As per available financial 2012, Reserves of the company seems to be
low. However, Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealing with some cautions. |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information
officers at gathering in Bangalore in April to meet Indian startups at an event
called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
FUND BASED LIMITED : B+ |
|
Rating Explanation |
Have high risk of default. |
|
Date |
February 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 DENIED BY
|
Name : |
Mr. Nikhil |
|
Designation : |
Accountant |
|
Contact No.: |
91-7306652778 |
|
Date : |
02.06.2014 |
LOCATIONS
|
Registered Office / Factory : |
Survey No-20.21.22, Ghanpuir Village, Medhchal Mandal, Ranga,
Hyderabad – 500014, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27897743/4 |
|
Mobile No.: |
91-9618968012 (Mr. Ravi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Websites : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office 1 : |
Dugar Arcade, 1-11-240/5/1, Shayamlal Building, Begumpet, Hyderabad,
Andhra Pradesh – 500015, India |
|
Tel. No.: |
91-40-67304300 |
|
Fax No.: |
91-40-67304310 |
|
E-Mail : |
|
|
|
|
|
Corporate Office 2 : |
Plot No.35, D.V. Colony, Minister Rd. Secunderabad-500003, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-27847821 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Manoj Kumar Dugar |
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|
Designation : |
Managing Director |
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|
Address : |
1-8-155/6 and 6A/301, Marc Residency, PG Road, Secunderabad– 500003,
Andhra Pradesh, India |
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Date of Birth/Age : |
25.05.1968 |
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|
Date of Appointment : |
14.07.2007 |
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|
DIN No.: |
00352733 |
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Other Directorship:
|
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|
Name : |
Mr. Naveen Kumar Tulsian |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
Plot No.38, Flat No.202, Royal Plaza, Karkhana, Secundrabad – 500009, Andhra Pradesh, India |
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|
Date of Appointment : |
15.07.2011 |
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|
DIN No.: |
00388587 |
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Other Directorship :
|
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|
Name : |
Mr. Lalit Kumar Ramsisaria |
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|
Designation : |
Director |
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|
Address : |
A37/12/1, Archana Complex, 4th Cross, Lalbagh, Bangalore –
560027, Karnataka, India |
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Date of Appointment : |
15.07.2011 |
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DIN No.: |
02886926 |
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Other Directorship :
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|
Name : |
Mr. Bimla Devi Ramsisaria |
|
Designation : |
Director |
|
Address : |
A37/12/1, Archana Complex, 4th Cross, Lalbagh, Bangalore – 560027,
Karnataka, India |
|
Date of Birth: |
20.08.1947 |
|
Date of Appointment : |
13.09.2013 |
|
DIN No.: |
00303982 |
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 |
U51909WB1984PLC037373 |
SHYAM TEXTILES
LIMITED |
Director |
05/01/1990 |
05/01/1990 |
31/03/2014 |
Active |
NO |
|
2 |
U36900WB2001PTC092957 |
KAMDHENU LABELS
PRIVATE LIMITED |
Director |
16/06/2004 |
16/06/2004 |
23/04/2012 |
Active |
NO |
|
3 |
U85110KA1994PLC015388 |
SIPANI FIBRES
LIMITED |
Additional
director |
02/04/2014 |
12/03/2005 |
- |
Active |
NO |
|
4 |
U24132KA2001PTC061131 |
MIDCON POLYMERS
PRIVATE LIMITED |
Director |
05/05/2010 |
05/05/2010 |
- |
Active |
NO |
|
5 |
U24299KA2008PTC046009 |
BHAGYASHREE
COLOURS PRIVATE LIMITED |
Director |
11/09/2013 |
11/09/2013 |
- |
Active |
NO |
|
6 |
U27203TG2007PTC054681 |
WELSET POLYPACK
PRIVATE LIMITED |
Director |
13/09/2013 |
13/09/2013 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Nikhil |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ambika Petrochem Private Limited, India |
|
100000 |
|
Basudev Enterprise Private Limited |
|
510000 |
|
Shyam Synthetic Private Limited |
|
100000 |
|
Meenakshi Finvest Private Limited |
|
250000 |
|
Pawan Goenka |
|
11000 |
|
Santosh Goenka |
|
27500 |
|
Vandana Goenka |
|
11500 |
|
Visura Trading and Investment Private Limited |
|
150000 |
|
Tulsyan Polymers India Private Limited |
|
500000 |
|
Bluesky Dealers Private Limited |
|
500000 |
|
Amrapalli Marketing Private Limited |
|
100000 |
|
Amitha Tulsyan |
|
15000 |
|
Naveen Kumar Tulsyan |
|
10000 |
|
Naveen Kumar Tulsyan HUF |
|
10000 |
|
Defodeal Dealcom Private Limited |
|
555000 |
|
Chandantara Commercial Private Limited |
|
400000 |
|
TOTAL |
|
3250000 |
List of Allottees
As on 16.01.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Amrapali Marketing Private Limited, India |
|
120000 |
|
Bluesky Dealers Private Limited, India |
|
53000 |
|
Chandantara Commercial Private Limited, India |
|
40000 |
|
Defodil Dealcom Private Limited, India |
|
171000 |
|
Tulsyan Polymers (India) Private Limited, India |
|
222000 |
|
Total |
|
606000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
97.38 |
|
Directors or relatives of Directors |
0.77 |
|
Other Top Fifty |
1.85 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of CPP (Cast Polypropylene Film) |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
Contact Person : (Mr. Mini - AGM) Contact No.: 91-40-66441730 |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
Cash Credit /
Overdraft / Term Loan : Rs.100.000 Millions (From IDBI Bank Limited)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kathotia and Company Chartered Accountants |
|
Address : |
4-1-119, Sri Chandra Complex, 1st Floor, Mahankali Street,
Secunderabad – 500003, Andhra Pradesh, India |
|
PAN.: |
AAGFK2833F |
|
|
|
|
Relatives of KMP
Company in which KMP/Relatives of KMP can exercise significant influence
: |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs. 10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3856000 |
Equity Shares |
Rs.10/- each |
Rs.38.560
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
38.560 |
32.500 |
|
(b) Reserves & Surplus |
|
27.268 |
0.151 |
|
(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) |
|
65.828 |
32.651 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
42.267 |
25.545 |
|
(b) Deferred tax liabilities
(Net) |
|
7.090 |
5.130 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
49.357 |
30.675 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
66.117 |
49.306 |
|
(b) Trade payables |
|
9.802 |
7.992 |
|
(c) Other current liabilities |
|
1.606 |
0.969 |
|
(d) Short-term provisions |
|
1.819 |
0.680 |
|
Total
Current Liabilities (4) |
|
79.344 |
58.947 |
|
|
|
|
|
|
TOTAL |
|
194.529 |
122.273 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
87.969 |
71.869 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
1.455 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.100 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.160 |
0.696 |
|
(e) Other Non-current assets |
|
0.058 |
0.049 |
|
Total
Non-Current Assets |
|
90.742 |
72.614 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
24.924 |
19.503 |
|
(c) Trade receivables |
|
52.588 |
20.889 |
|
(d) Cash and cash equivalents |
|
3.704 |
0.141 |
|
(e) Short-term loans and
advances |
|
21.808 |
9.072 |
|
(f) Other current assets |
|
0.763 |
0.054 |
|
Total
Current Assets |
|
103.787 |
49.659 |
|
|
|
|
|
|
TOTAL |
|
194.529 |
122.273 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.000 |
|
|
2] Share Application Money |
|
|
1.000 |
|
|
3] Reserves & Surplus |
|
|
0.138 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
31.138 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
62.354 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
62.354 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.204 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
95.696 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
40.890 |
|
|
Capital work-in-progress |
|
|
6.068 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
9.742
|
|
|
Sundry Debtors |
|
|
23.120
|
|
|
Cash & Bank Balances |
|
|
12.730
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
12.648
|
|
Total
Current Assets |
|
|
58.240 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
8.243
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
1.761
|
|
Total
Current Liabilities |
|
|
10.004 |
|
|
Net Current Assets |
|
|
48.236
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.069 |
|
|
|
|
|
|
|
|
Preoperative Expenses Pending for Allocation |
|
|
0.433 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
95.696 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
138.278 |
85.162 |
|
|
|
Other Income |
NA |
NA |
3.000 |
|
|
|
TOTAL |
NA |
NA |
88.462 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
NA |
79.045 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
9.417 |
|
|
|
|
NA |
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
5.405 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
8.105 |
4.012 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
4.434 |
1.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
NA |
3.670 |
2.407 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.727 |
0.396 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
AFTER TAX |
2.877 |
2.943 |
2.011 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NIL |
NIL |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
100.166 |
29.470 |
NA |
|
|
|
Capital Goods |
0.581 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
100.747 |
29.470 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.75 |
0.91 |
0.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
2.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.65
|
2.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.02
|
2.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.11
|
0.07
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.64
|
2.29
|
2.32
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31
|
0.84
|
5.82
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
32.500 |
38.560 |
|
Reserves & Surplus |
0.151 |
27.268 |
|
Net
worth |
32.651 |
65.828 |
|
|
|
|
|
long-term borrowings |
25.545 |
42.267 |
|
Short term borrowings |
49.306 |
66.117 |
|
Total
borrowings |
74.851 |
108.384 |
|
Debt/Equity
ratio |
2.292 |
1.646 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10439989 |
12/07/2013 |
50,000,000.00 |
IDBI Bank
Limited |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, Maha |
B80774656 |
|
2 |
10101783 |
05/12/2013 * |
107,080,000.00 |
IDBI Bank
Limited |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, Maha |
B92647049 |
* Date of charge
modification
NOTE:
The Registered Office of the company has been shifted from 5th
Floor, E Block, 105, Surya Towers, Sardar Patel Road, Secunderabad - 500003,
Andhra Pradesh, India, to the present address w.e.f. 30.04.2011
UNSECURED LOAN
|
Particulars |
As
on 31.03.2012 (Rs.
In Millions) |
As
on 31.03.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
- From Bodies Corporate |
20.800 |
0.000 |
|
Total |
20.800 |
0.000 |
FIXED ASSETS:
- Land
- Factory
Building
- Plant and
Machinery
- Furniture and
Fixtures
- Computer
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
|
UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
3 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
27 |
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.