MIRA INFORM REPORT
|
Report Date : |
17.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GVPR ENGINEERS LIMITED |
|
|
|
|
Registered
Office : |
D. No.8-2-293/82/A , Plot No: 739-A, Road No: 37 , Jubilee Hills,
Hyderabad – 500033, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.12.1997 |
|
|
|
|
Com. Reg. No.: |
01-028680 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.204.190 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201AP1997PLC028680 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7614F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Subject is in the area of infrastructure development and related services. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8830000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflects company’s healthy financial risk profile marked by
established client base with its presence in diversified fields of electrical
work’s lift irrigation projects and civil constructions. Further rating also
reflects sound liquidity position of the company. Trade relations are fair. Business is active. Payment terms 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 – 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 |
BBB+ (Long term fund based) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
March 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
A2 (Short term non fund based) |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
March 2014 |
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
Management Non Co-Operative (91-40-66586658)
LOCATIONS
|
Registered Office : |
D. No.8-2-293/82/A , Plot No: 739-A, Road No: 37 , Jubilee Hills,
Hyderabad – 500033, Andhra Pradesh, India |
|
Tel. No.: |
91-40-66586658 |
|
Fax No.: |
91-40-66586666 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Bangalore Office : |
103,45/1-2, Lalehzar Apartments, Palace Road, Bangalore, Karnataka, India |
|
Tel. No.: |
91-80-22353670 |
|
Fax No.: |
91-80- 22353671 |
DIRECTORS
As on: 31.07.2013
|
Name : |
Sivapothuluru Veerareddy Gadluru |
|
Designation : |
Whole-Time Director |
|
Address : |
Plot No.81, Road No. 9, Jubilee Hills, Hyderabad, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1950 |
|
Qualification : |
BSc |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
00907738 |
|
|
|
|
Name : |
Gandluru Veera Sekhar Reddy |
|
Designation : |
Managing Director |
|
Address : |
Plot No.81, Road No. 9, Jubilee Hills, Hyderabad, Andhra Pradesh, India |
|
Date of Birth/Age : |
22.06.1982 |
|
Qualification : |
B.Tech |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
AHAPG3918L |
|
DIN No.: |
01467390 |
|
|
|
|
Name : |
Mudhireddy Venkata Pavan Kumar Reddy |
|
Designation : |
Director |
|
Address : |
Plot No. 32, Flat No. 101, Siva Sai Sannidhi, Hindinagar, Panjagutta, Hyderabad – 500082, Andhra Pradesh, India |
|
Date of Birth/Age : |
26.05.1975 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
26.05.2008 |
|
PAN No.: |
AHYPM4537B |
|
DIN No.: |
01109430 |
|
|
|
|
Name : |
Swaminathan Soupramanien |
|
Designation : |
Director |
|
Address : |
No. 36, 1st Floor, Vengatta Nagar, Puducherry, Pandicherry, India |
|
Date of Birth/Age : |
03.04.1958 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
26.05.2008 |
|
DIN No.: |
02224838 |
KEY EXECUTIVES
|
Name : |
S. Raghava Reddy |
|
Designation : |
Secretary |
|
Address : |
Flat No. 304, Sgubham Resdiency, #16-11-51/F/1, Moosaram Bagh,
Hyderabad – 500036, Andhra Pradesh, India |
|
Date of Birth/Age : |
12.08.1971 |
|
Date of Appointment : |
01.12.2010 |
|
PAN No.: |
AHYPR3684A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
S P Veera Reddy |
|
2963930 |
|
S Siva Shankar Reddy |
|
1994675 |
|
G Veera Sekhar Reddy |
|
1760905 |
|
G Vijaya Lakshmi |
|
1566010 |
|
M V Sunitha |
|
325000 |
|
G Diya |
|
305300 |
|
M Priyanka Reddy |
|
305300 |
|
M V Pavan Kumar Reddy |
|
110000 |
|
S. V. Laxmi Devi |
|
90000 |
|
Kavitha Ganluru |
|
90000 |
|
G V Pratap Reddy |
|
4140 |
|
G Lakshmi Devi |
|
10 |
|
GSP Infratech Development Private Limited, India |
|
2610020 |
|
Shiva Shanka – Minerals Private Limited, India |
|
4373710 |
|
Shaasta Infratech Enterprises Private Limited, India |
|
3379750 |
|
Shiva Shankar Infotech Private Limited, India |
|
440287 |
|
Shaasta Investments and Initiatives Private Limited, India |
|
100000 |
|
|
|
|
|
Total |
|
20419037 |
Equity Share Break up (Percentage of Total Equity)
As on: 31.07.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
53.40 |
|
Directors or relatives of directors |
|
46.60 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is in the area of infrastructure development
and related services. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. Anandam and Company Chartered Accountants |
|
Address : |
7A, Surya Towers, S P Road, Secunderabad – 500003, Andhra Pradesh, India |
|
PAN No.: |
AACFM8791J |
|
|
|
|
Associates : |
Shiva Shankar Minerals Private Limited U14102AP1986PTC006850 |
|
|
|
|
Subsidiary Company
: |
Honnavar Port Private Limited U74140KA2010PTC053064 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
U45400AP2007PTC054664
U74999AP2007PTC054152
U70102AP2002PTC038907
U26941AP2008PTC057653
U66010AP2003PTC041084
U55101AP2007PTC054285 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20419037 |
Equity Shares |
Rs.10/- each |
Rs.204.190 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 |
204.190 |
204.190 |
204.190 |
|
(b) Reserves & Surplus |
2004.643 |
1830.459 |
1668.435 |
|
(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) |
2208.833 |
2034.649 |
1872.625 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
4.051 |
8.873 |
|
(b) Deferred tax liabilities
(Net) |
12.262 |
11.809 |
12.101 |
|
(c) Other long term
liabilities |
538.708 |
521.666 |
583.930 |
|
(d) long-term provisions |
0.921 |
0.966 |
0.127 |
|
Total
Non-current Liabilities (3) |
551.891 |
538.492 |
605.031 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
845.109 |
750.045 |
239.783 |
|
(b) Trade payables |
1991.448 |
2014.566 |
1941.902 |
|
(c) Other current liabilities |
161.730 |
144.515 |
570.033 |
|
(d) Short-term provisions |
44.562 |
25.137 |
21.358 |
|
Total
Current Liabilities (4) |
3042.849 |
2934.263 |
2773.076 |
|
|
|
|
|
|
TOTAL |
5803.573 |
5507.404 |
5250.732 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
470.897 |
355.512 |
366.589 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
77.334 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
208.300 |
13.500 |
60.576 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
31.106 |
46.761 |
36.430 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
710.303 |
493.107 |
463.595 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
506.954 |
451.245 |
633.227 |
|
(c) Trade receivables |
2256.320 |
2638.777 |
2304.454 |
|
(d) Cash and cash equivalents |
386.741 |
210.180 |
274.891 |
|
(e) Short-term loans and
advances |
92.753 |
212.855 |
89.825 |
|
(f) Other current assets |
1850.502 |
1501.240 |
1484.740 |
|
Total
Current Assets |
5093.270 |
5014.297 |
4787.137 |
|
|
|
|
|
|
TOTAL |
5803.573 |
5507.404 |
5250.732 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
5769.914 |
5229.851 |
5040.244 |
|
|
Other Income |
59.951 |
50.182 |
22.150 |
|
|
TOTAL
(A) |
5829.865 |
5280.033 |
5062.394 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
5017.377 |
4215.928 |
4303.860 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(22.129) |
158.994 |
27.329 |
|
|
Employees benefits expense |
105.577 |
103.199 |
82.956 |
|
|
Other expenses |
256.976 |
350.083 |
315.059 |
|
|
TOTAL
(B) |
5357.801 |
4828.204 |
4729.204 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
472.064 |
451.829 |
333.190 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
168.435 |
183.960 |
75.355 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
303.629 |
267.869 |
257.835 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
37.865 |
36.018 |
31.688 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
265.764 |
231.851 |
226.147 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
48.579 |
46.095 |
49.618 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
217.185 |
185.756 |
176.529 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
942.600 |
784.800 |
631.200 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
0.000 |
5.175 |
0.000 |
|
|
TOTAL
IMPORTS |
0.000 |
5.175 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
10.64 |
9.10 |
10.05 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.73 |
3.52 |
3.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.61 |
4.43 |
4.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.75 |
4.28 |
4.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.11 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.38 |
0.37 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67 |
1.71 |
1.73 |
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 |
204.190 |
204.190 |
204.190 |
|
Reserves & Surplus |
1668.435 |
1830.459 |
2004.643 |
|
Net
worth |
1872.625 |
2034.649 |
2208.833 |
|
|
|
|
|
|
long-term borrowings |
8.873 |
4.051 |
0.000 |
|
Short term borrowings |
239.783 |
750.045 |
845.109 |
|
Total
borrowings |
248.656 |
754.096 |
845.109 |
|
Debt/Equity
ratio |
0.133 |
0.371 |
0.383 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5040.244 |
5229.851 |
5769.914 |
|
|
|
3.762 |
10.327 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5040.244 |
5229.851 |
5769.914 |
|
Profit |
176.529 |
185.756 |
217.185 |
|
|
3.50% |
3.55% |
3.76% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
|
LITIGATION
DETAILS |
||
|
ITTA 372 / 2013 |
ITTASR 4465 / 2012 |
CASE IS:PENDING |
|
||||||||||||
|
||||||||||||
|
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
27.175 |
34.941 |
|
|
|
|
|
Total |
27.175 |
34.941 |
Indian Economy:
Developments
During the Year 2012-13, the Indian Economy has remained subdued as compared to that of the previous year. During the current Year 2012-13, the GDP has shown a growth rate of 5% as per various reports and is below the projected level of 6%. However, due to the various measures taken by the Government of India and other captains in the industry, there are positive signs of improvement during the first quarter of 2013 – 14. The Government of India as well as the State Governments are keen on improving the economy with various pro-active measures. Some of the measures initiated are resolving structural bottlenecks and providing healthy climate for investments.
In the areas where the Company is involved, Government of India has given high priority for Construction of water and power sector development through Rajiv Gandhi National Drinking Water Machine (RGNDWM) and Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
In the areas of establishing transmission infrastructure there are very positive developments in evolving and increasing inter Regional Transmission Networks, High capacity transmission Corridors etc. This line of activity has to encounter a lot of challenges in the areas of land acquisition, environmental clearances, etc, to mention a few. They are glad that the company has been able to encash under this category through Restructured –Accelerated Power Development and Reforms Programme (R-APDRP) to strengthen the urban distribution network.
This scheme also focuses on T and D loss deduction. Many State Electricity Authorities are keen on implementing the same.
Inspite of various bottlenecks prevailing in the industry, they are glad to inform that the company has been successful in implementing the various projects that have been undertaken. This was possible due to execution expertise demonstrated by the Company duly supported by technical, managerial and financial segments.
The recent initiatives undertaken by the Central and State Governments to mitigate the difficulties faced in execution and other areas of bottlenecks will throw better opportunities for the company in the days to come with huge order book. They are confident that, they will climb to higher heights during current year. With the experience gained during the last 15 years, they are now moving into new areas and places where they had not entered into in previous years. The Core competency gained by us has opened the doors for taking up larger/bigger size contracts and paves the way for the Company to enter into big league.
The Company has been equipped with high caliber and experienced experts in both Technical, Administration and Financial Segments, and duly supported by junior staff in the respective fields.
The Company has recognized the importance of training and proper placement of human resources at right place at right time. In this direction, the company has recruited quite a number of staff into various streams and trained them well and it is a continuous process.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10482538 |
24/03/2014 * |
3,480,000,000.00 |
Andhra Bank |
ANDHRA BANK, ASTRAL HEIGHTS,ROAD NO.1,BANJARA HILLS, HYDERABAD, ANDHRA PRADESH - 500034, INDIA |
C02702058 |
|
2 |
10422054 |
26/09/2013 * |
1,800,000,000.00 |
State Bank of India |
INDUSTRIAL FINANCE BRANCH, RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA |
B87143202 |
|
3 |
10277605 |
15/03/2011 |
1,970,000,000.00 |
Andhra Bank |
6-3-352/2, UPPER GROUND FLOOR, ASTRAL HEIGHTS, ROAD NO.1, BANJARA HILLS. SOMAJIGUDA BRANCH, HYDERABAD, ANDHRA PRADESH - 500034, INDIA |
B09660895 |
|
4 |
10276970 |
01/03/2011 |
3,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B09097080 |
|
5 |
10273491 |
03/02/2011 |
3,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B08636219 |
|
6 |
10219356 |
10/01/2014 * |
6,900,000,000.00 |
Andhra Bank |
6-3-352/2, UPPER
GROUND FLOOR, ASTRAL HEIGHTS, RO |
B97105324 |
|
7 |
10212923 |
23/03/2010 |
1,000,000,000.00 |
Andhra Bank |
SOMAJIGUDA BRANCH, HYDERABAD, ANDHRA PRADESH - 500034, INDIA |
A83337261 |
|
8 |
10165762 |
13/06/2009 |
100,000,000.00 |
State Bank of India |
INDUSTRIAL FINANCE BRANCH, HYDERABAD, ANDHRA PRADESH - 500034, INDIA |
A65424186 |
|
9 |
10154534 |
20/04/2009 |
500,000,000.00 |
AXIS BANK |
PRIORITY BANKING
BRANCH, 6-3-249/6, ALCAZAR PLAZA, |
A61067476 |
|
10 |
10103719 |
17/03/2009 * |
2,000,000,000.00 |
ANDHRA BANK |
SOMAJIGUDA BRANCH, HYDERABAD, ANDHRA PRADESH - 500034, INDIA |
A60148491 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Computers
·
Electrical Incubation
·
Furniture and Fixtures
·
Office Equipments
·
Vehicle
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.60.01 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
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.