MIRA
INFORM REPORT
|
Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
VNR INFRASTRUCTURES LIMITED |
|
|
|
|
Registered
Office : |
8-2-310/17, Road No.14, Nandi Nagar, Banjara Hills, Hyderabad –
500034, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.10.2005 |
|
|
|
|
Com. Reg. No.: |
01-047812 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.198.749 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200AP2005PLC047812 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDV04156F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV2137L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Engineering Procurement and Construction (EPC)
Works, Particularly Railway Infrastructure Works. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 12000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Overall financial position of the company is sound and healthy. 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 – 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 |
CARE |
|
Rating |
Long Term Bank Facilities: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
05.09.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
05.09.2013 |
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
of31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Ganji Praveen Kumar |
|
Designation : |
Director – Finance |
|
Contact No.: |
91-9949562459 |
|
Date : |
10.05.2014 |
LOCATIONS
|
Registered Office : |
8-2-310/17, Road No.14, Nandi Nagar, Banjara Hills, Hyderabad – 500034,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-23558511/ 22/ 33/ 44 |
|
Mobile No.: |
91-9949562459 (Mr. Ganji Praveen Kumar) |
|
Fax No.: |
91-40-23558566 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 27.09.2013)
|
Name : |
Mr. Narayana Reddy Vakati |
|
Designation : |
Managing Director |
|
Address : |
Plot No.60-C, Road No.12, MLA Colony, Banjara Hills, Hyderabad – 500034,
Andhra Pradesh, India |
|
Date of Birth/Age : |
20.09.1963 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
01309267 |
|
|
|
|
Name : |
Mr. Rondla Srikanth Reddy |
|
Designation : |
Whole-time director |
|
Address : |
Flat No.202, Pallamoni Livings, Sneha Nagar, Street No.8, Habsiguda –
500007, India |
|
Date of Birth/Age : |
14.08.1972 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
02068221 |
|
|
|
|
Name : |
Mr. Mahidhar Reddy Puchalapalli |
|
Designation : |
Whole-time director |
|
Address : |
503, Flat No.75, 76 and 77, Sri Sai Balaji Nivas, Rajivnagar,
Hyderabad, Andhra Pradesh, India |
|
Date of Birth/Age : |
27.05.1976 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
02080353 |
|
|
|
|
Name : |
Mr. Madhavaiah Mallu |
|
Designation : |
Whole-time director |
|
Address : |
Plot No.4, 5 Flat No.306, Sigma sarovar, Bandamkommu, Ameenpur, Main
LOC: Patancheru, Sub LOC: Bandamkommu, Medak – 502032, Andhra Pradesh, India |
|
Date of Birth/Age : |
11.04.1975 |
|
Date of Appointment : |
29.03.2008 |
|
DIN No.: |
02234762 |
|
|
|
|
Name : |
Mr. Ravi Pratap Singh |
|
Designation : |
Nominee director |
|
Address : |
701, Horeseshoe Trail, Franklim Lakes, 07417, United states of
America. |
|
Date of Birth/Age : |
18.10.1958 |
|
Date of Appointment : |
08.10.2009 |
|
DIN No.: |
02248382 |
|
|
|
|
Name : |
Mr. Srinivasulu Reddy Annamreddy |
|
Designation : |
Director |
|
Address : |
Plot No.7, Road No.71, Nava Nirman Sagar, Jubilee Hills, Hyuderabad –
500033, Andhra Pradeshm India |
|
Date of Birth/Age : |
01.12.1964 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
02590181 |
|
|
|
|
Name : |
Ms. Praneet Gill |
|
Designation : |
Nominee director |
|
Address : |
26.11.1979 |
|
Date of Birth/Age : |
1712, Rupert Street, Mxxlean Virginia. |
|
Date of Appointment : |
02785669 |
|
DIN No.: |
30.07.2009 |
|
|
|
|
Name : |
Mr. Ganji Praveen Kumar |
|
Designation : |
Whole-time director |
|
Address : |
Flat No.AF6 Stone Valley, 8-2-416, Road No.4, Banjara Hills, Hyderabad
– 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
08.08.1971 |
|
Date of Appointment : |
08.10.2009 |
|
DIN No.: |
02815449 |
KEY EXECUTIVES
|
Name : |
Ms. Malleswari Gude |
|
Designation : |
Company Secretary |
|
Address : |
Flat No.A-3, Balaji Towers, New Bakaram, Gandhinagar, Hyderabad –
500080, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.03.1976 |
|
Date of Appointment : |
06.04.2011 |
|
PAN No.: |
AKPPM7524C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 27.09.2013)
|
Name of
Shareholders |
|
No of Equity
Shares |
|
|
|
|
|
Narayana Reddy Vakati |
|
10044125 |
|
A. Padmavathi |
|
200000 |
|
T. Jyothi |
|
1000 |
|
G Baskar Reddy |
|
1000 |
|
Srikanth Reddy |
|
2000 |
|
Mahindhar Reddy |
|
2000 |
|
D. Sudhaker Reddy |
|
5000 |
|
Praveen Kumar |
|
439272 |
|
Jayashree Bhat |
|
5000 |
|
S. P. Invetsment I company Limited, Mauritius |
|
2817017 |
|
India Star (Mauritius) Limited, Mauritius |
|
1917321 |
|
SV India Limited, Mauritius |
|
110825 |
|
Manoj Mittal |
|
850690 |
|
Chetan Mehta |
|
850690 |
|
Ramniklal C. Pooj HUF |
|
28386 |
|
Jitendra Ramniklal Pooj |
|
14193 |
|
Jitendra R. Pooj HUF |
|
28386 |
|
Debashree Chakraborty |
|
14000 |
|
Amrutlal M. Nandu (HUF) |
|
20000 |
|
Pritesh A Nandu (HUF) |
|
30000 |
|
Hetal V Gala |
|
5000 |
|
Bharti V. Gala |
|
5000 |
|
Bhavesh R. Shah |
|
10000 |
|
Alkesh C. Kubadia |
|
10000 |
|
Suresh U. Trevadia |
|
25000 |
|
|
|
|
|
Total
|
|
17435905 |
|
Name of
Shareholders |
|
No of Preference
Shares |
|
|
|
|
|
IndiaStar (Mauritius) Limited (OCCPS), Mauritius |
|
2439024 |
|
|
|
|
|
Total |
|
2439024 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
27.78 |
|
Directors or relatives of directors |
|
61.37 |
|
Other top fifty shareholders |
|
10.85 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Engineering Procurement and Construction (EPC)
Works, Particularly Railway Infrastructure Works. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
·
Aditi Infrabuild Private Limited ·
Anand Projects Limited ·
APR Constructions Limited ·
Automotive Manufacturers Private Limited ·
BCC Infrastructure Private Limited ·
Brahamputra Infrastructures Limited ·
BS Trans Comm Limited ·
C and S Tool (Private) Limited ·
Central Railway ·
DRS Roof-Tech and Infrastructure ·
East Coast Railway ·
IVRCL Assets and Holdings Limited ·
Kedar Enterprises ·
Megasoft Limited ·
MSK Projects India Limited ·
Navayuga Engineering Company ·
North East Frontier Railway ·
North Western Railway ·
NSSL Limited ·
Palladium Infra and Projects Limited ·
Patel Engineering Limited ·
Progressive Constructions Limited ·
R.R. Tools Private Limited ·
Rail Vikas Nigam Limited (RVNL). ·
Rites Limited ·
S.A.I.L. ·
Sharma Alloys (India) Limited ·
Sheetal International ·
SMC Power Generation Limited ·
South Central Railway ·
South East Central Railway ·
South Western Railway ·
Southern Railway ·
Sri City Private Limited ·
Subhash Infra Engineers Private Limited ·
Surana Power Limited ·
Suzlon Gujarat Wind Park Limited ·
TC Link Projects Private Limited ·
The Anand Electric Supply Corp ·
Universal Engineers Limited ·
Vensar Constructions Company ·
Vicons Constructions Private Limited ·
Vinayaga Infra(India) Limited ·
Vision Ventures Limited ·
Willow Builders Private Limited |
|
|
|
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
· State Bank of India (Lead Bank) Overseas Branch, Mid Corporate Group, 241/A, Road No.36, Jubilee
Hills, Hyderabad – 500033, Andhra Pradesh, India · Bank of Baroda Corporate Financial Branch Services, 3-6-262/2, Tirumala Estates, 1st
Floor, Himayathnagar, Hyderabad – 500029, Andhra Pradesh, India · Indian Overseas Bank 1st Floor, Kasuba Complex, RP Road, Secunderabad – 500003, Andhra Pradesh, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Siemens Financial Services Private Limited 130, Pandurang Budhkar Marg, Worli, Mumbai – 400018, Maharashtra,
India · Tata Capital Financial Services Limited One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
AGPKN
and Associates Chartered Accountants |
|
Address : |
D.No.3-6-530, 2nd
Floor, Street No.7, Opposite Minerava Coffee Lane, Himayath Nagar, Hyderabad
– 500044, Andhra Pradesh, India |
|
PAN No.: |
AARFA1530C |
|
|
|
|
Subsidiary Company : |
·
VNR Powertech Private Limited, India ·
VNR Rail Infrastructure Private Limited,
India |
CAPITAL STRUCTURE
(AS ON 27.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27500000 |
Equity Shares |
Rs.10/- each |
Rs.275.000 Millions |
|
2500000 |
Preference Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.300.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17435905 |
Equity Shares |
Rs.10/- each |
Rs.174.359
Millions |
|
2439024 |
Preference Shares |
Rs.10/- each |
Rs.24.390
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.198.749 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 |
198.749 |
186.499 |
185.391 |
|
(b) Reserves & Surplus |
2,746.786 |
1,932.187 |
1,505.693 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
95.000 |
19.000 |
|
Total
Shareholders’ Funds (1)+(2) |
2,945.535 |
2,213.686 |
1,710.084 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
55.013 |
49.990 |
49.199 |
|
(b) Deferred tax liabilities (Net) |
18.137 |
11.059 |
9.641 |
|
(c) Other long term liabilities |
156.583 |
66.273 |
0.000 |
|
(d) long-term provisions |
2.066 |
2.066 |
0.000 |
|
Total Non-current Liabilities (3) |
231.799 |
129.388 |
58.840 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3,274.582 |
2,004.552 |
1,119.336 |
|
(b) Trade payables |
1,680.318 |
1,433.916 |
1,176.283 |
|
(c) Other current
liabilities |
430.421 |
316.046 |
180.999 |
|
(d) Short-term provisions |
282.299 |
204.318 |
160.839 |
|
Total Current Liabilities (4) |
5,667.620 |
3,958.832 |
2,637.457 |
|
|
|
|
|
|
TOTAL |
8,844.954 |
6,301.906 |
4,406.381 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
490.357 |
278.749 |
230.709 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
28.404 |
29.257 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
307.648 |
307.648 |
306.518 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
311.737 |
292.650 |
49.633 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1,138.146 |
908.304 |
586.860 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
120.414 |
|
(b) Inventories |
1,891.834 |
692.386 |
282.506 |
|
(c) Trade receivables |
4,294.873 |
2,937.880 |
1,576.661 |
|
(d) Cash and cash
equivalents |
262.847 |
201.257 |
58.478 |
|
(e) Short-term loans and
advances |
1,251.808 |
1,557.993 |
1,780.179 |
|
(f) Other current assets |
5.446 |
4.087 |
1.283 |
|
Total Current Assets |
7,706.808 |
5,393.603 |
3,819.521 |
|
|
|
|
|
|
TOTAL |
8,844.954 |
6,301.907 |
4,406.381 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
10595.833 |
7249.365 |
5682.003 |
|
|
|
Other Income |
31.403 |
24.317 |
23.760 |
|
|
|
TOTAL (A) |
10627.236 |
7273.682 |
5705.763 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
2912.800 |
2178.656 |
1485.492 |
|
|
|
Changes in Inventories of Finished Goods, Work in Progress and Stock
in Trade |
(1095.693) |
(220.485) |
(102.571) |
|
|
|
Employee Benefits Expenses |
78.760 |
51.894 |
64.993 |
|
|
|
Other Expenses |
7392.489 |
4332.187 |
3614.155 |
|
|
|
TOTAL (B) |
9288.356 |
6342.252 |
5062.069 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1338.880 |
931.430 |
643.694 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
412.087 |
283.207 |
141.978 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
926.793 |
648.223 |
501.716 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
52.045 |
29.909 |
23.473 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
874.748 |
618.314 |
478.243 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
288.792 |
205.324 |
162.228 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
585.956 |
412.990 |
316.015 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
34.00 |
26.00 |
20.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.51 |
5.68 |
5.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.26 |
8.53 |
8.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.28 |
10.37 |
11.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.28 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.13 |
0.93 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.36 |
1.45 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
185.391 |
186.499 |
198.749 |
|
Reserves & Surplus |
1505.693 |
1932.187 |
2746.786 |
|
Share Application money pending allotment |
19.000 |
95.000 |
0.000 |
|
Net worth |
1710.084 |
2213.686 |
2945.535 |
|
|
|
|
|
|
long-term borrowings |
49.199 |
49.990 |
55.013 |
|
Short term borrowings |
1119.336 |
2004.552 |
3274.582 |
|
Total borrowings |
1168.535 |
2054.542 |
3329.595 |
|
Debt/Equity ratio |
0.683 |
0.928 |
1.130 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from
Operations |
5,682.003 |
7,249.365 |
10,595.833 |
|
|
|
27.585 |
46.162 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Revenue from Operations |
5,682.003 |
7,249.365 |
10,595.833 |
|
Profit |
316.015 |
412.990 |
585.956 |
|
|
5.56% |
5.70% |
5.53% |
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 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 |
Yes |
|
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 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Rupee term Loans from banks |
55.013 |
49.990 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Rupee term loans from banks |
91.403 |
91.669 |
|
Loans repayable on demand from banks |
3088.606 |
1869.090 |
|
Loans repayable on demand from others |
63.573 |
12.293 |
|
Loans and Advance from directors |
31.000 |
31.500 |
|
|
|
|
|
Total |
3329.595 |
2054.542 |
NOTE:
The Registered office of the company has been
shifted from, 7-1-58, 404-A, Concourse Building, Ameerpet, Hyderabad – 500016, Andhra
Pradesh, India, to the present address w.e.f. 14.12.2007.
OPERATIONS
During the year, the
Company has earned a Total Income of Rs.10627.200 Millions as compared to
Rs.7273.700 Millions during the previous year and the total Expenditure
incurred amounted to Rs.9752.400 Millions as against Rs.6655.400 Millions
during the previous year. The Company recorded Profit Before Tax of Rs.874.800
Millions for the year as against Profit
Before Tax of Rs.618.300 Millions for the corresponding period.
The Company recorded Profit
After Tax of Rs.586.200 Millions for the year as against Profit After Tax of
Rs.412.900 Millions for the corresponding period. The Basic Earning Per Share
for the year ended 31.03.2013 is Rs.34/- as against Rs.26/- for the corresponding
previous year ended 31.03.2012. The Diluted Earnings Per Share for the
year-ended 31.03.2013 is Rs.29/- as against Rs.22/- for the corresponding
previous year ended 31.03.2012.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/ Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10471193 |
16/12/2013 |
2,750,000,000.00 |
State Bank of India |
Overseas Branch,241/A 2nd
and 3rd Floor, Rajala Center, Road No.36 24, Jubilee Hills, Hyderabad, Andhra
Pradesh - 500033, India |
B93862712 |
|
2 |
10462302 |
30/10/2013 |
35,000,000.00 |
BANK OF BARODA |
Corporate Financial Branch
Services,3-6-262/2, Tirumala Estates, 1ST FLOOR, Himayathnagar, Hyderabad,
Andhra Pradesh - 500029, India |
B90375403 |
|
3 |
10443093 |
01/08/2013 |
70,000,000.00 |
INDIAN OVERSEAS BANK |
1st Floor, Kasuba
Complex, RP Road, Secunderabad, |
B82154774 |
|
4 |
10426529 |
26/03/2013 |
750,000,000.00 |
BANK OF BARODA |
Corporate Financial
Services,3-6-262/2, Tirumala, |
B75416966 |
|
5 |
10410624 |
03/02/2013 |
29,535,803.00 |
SREI Equipment Finance
Private Limited |
'Vishwakarma', 86C,
Topsia Road,, Kolkata, West Bengal - 700046, India |
B70378617 |
|
6 |
10409963 |
31/01/2013 |
19,610,081.00 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
130, Pandurang Budhkar
Marg, Worli, Mumbai, Maharashtra - 400018, India |
B70000229 |
|
7 |
10392536 |
21/11/2012 |
2,703,000.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B.
Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B64347818 |
|
8 |
10392541 |
20/11/2012 |
6,834,748.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B.
Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B64349269 |
|
9 |
10386708 |
31/10/2012 |
1,274,162.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B.
Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B62144787 |
|
10 |
10386031 |
22/10/2012 |
25,238,633.00 |
SREI Equipment Finance
Private Limited |
'Vishwakarma', 86C,
Topsia Road, Kolkata, West Bengal - 700046, India |
B61921482 |
|
11 |
10381046 |
29/09/2012 |
7,621,002.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B.
Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B59900399 |
|
12 |
10367370 |
25/07/2012 |
7,964,626.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, Nariman Bhavan,
227,D,, Nariman Point, Mumbai, Maharashtra - 400021, India |
B44459147 |
|
13 |
10361695 |
02/06/2012 |
6,127,943.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat
Marg, Lower PAREL W, Mumbai, Maharashtra - 400013, India |
B42063594 |
|
14 |
10366924 |
05/02/2014 * |
7,200,000,000.00 |
State Bank of India (Lead
Bank) |
Overseas Branch, Mid
Corporate Group, 241/A, Road |
B96542832 |
|
15 |
10349494 |
07/03/2012 |
1,476,000.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B.
Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B37518875 |
|
16 |
10349492 |
06/03/2012 |
261,000.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B.
Gandhi Marg, Fort, Mumbai, |
B37518537 |
|
17 |
10342466 |
29/02/2012 |
583,851.00 |
TATA CAPITAL LIMITED |
One Forbes, DR V B Gandhi
Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35130210 |
|
18 |
10342757 |
29/02/2012 |
1,345,786.00 |
TATA CAPITAL LIMITED |
One Forbes, DR V B Gandhi
Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35261890 |
|
19 |
10342463 |
29/02/2012 |
2,340,565.00 |
TATA CAPITAL LIMITED |
One Forbes, DR V B Gandhi
Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35129014 |
|
20 |
10342470 |
29/02/2012 |
4,014,750.00 |
TATA CAPITAL LIMITED |
One Forbes, DR V B Gandhi
Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35130913 |
|
21 |
10347775 |
29/02/2012 |
5,981,985.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B.
Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, INDIA |
B37025723 |
|
22 |
10334318 |
30/12/2011 |
558,393.00 |
TATA CAPITAL LIMITED |
One Forbes, DR V B Gandhi
Marg, Fort, Mumbai, Maharashtra - 400001, India |
B31584881 |
|
23 |
10334226 |
30/12/2011 |
9,191,740.00 |
TATA CAPITAL LIMITED |
One Forbes, DR V B Gandhi
Marg, Fort, Mumbai, Maharashtra - 400001, India |
B31539901 |
|
24 |
10334316 |
29/12/2011 |
435,546.00 |
TATA CAPITAL LIMITED |
One Forbes, DR V B Gandhi
Marg, Fort, Mumbai, Maharashtra - 400001, India |
B31582281 |
|
25 |
10334324 |
29/12/2011 |
3,390,390.00 |
TATA CAPITAL LIMITED |
One Forbes, DR V B Gandhi
Marg, Fort, Mumbai, Maharashtra - 400001, India |
B31587629 |
|
26 |
10334321 |
29/12/2011 |
30,113,190.00 |
TATA CAPITAL LIMITED |
One Forbes, DR V B Gandhi
Marg, Fort, Mumbai, Maharashtra - 400001, India |
B31586183 |
|
27 |
10322617 |
15/12/2011 |
8,856,750.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, Nariman Bhavan,
227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B27674233 |
|
28 |
10317985 |
11/11/2011 |
5,248,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, Nariman Bhavan,
227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B25426834 |
|
29 |
10146658 |
23/02/2009 |
13,326,240.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, Nariman Bhavan, 227,D,
Nariman Point, Mumbai, Maharashtra - 400021, India |
A58289075 |
|
30 |
10134481 |
19/12/2008 |
10,126,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, Nariman Bhavan,
227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
A53241337 |
* Date of charge modification
FIXED ASSETS:
·
Buildings
·
Office Building
·
Plant and Equipment
·
Vehicles
·
Motor Vehicles
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records 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.59.73 |
|
|
1 |
Rs.100.82 |
|
Euro |
1 |
Rs.82.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
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 |
|
47 |
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.