MIRA INFORM REPORT
|
Report Date : |
28.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
KIRBY BUILDING SYSTEMS INDIA LIMITED |
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Registered
Office : |
Plot No. 8-15, Phase III, IDA Phashamyalaram, District
Medak – 502307, Andhra Pradesh |
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Country : |
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Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
20.07.1998 |
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Com. Reg. No.: |
01-029787 |
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Capital
Investment / Paid-up Capital : |
Rs.517.079
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U28100AP1998PLC029787 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
HYDK00681C |
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|
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PAN No.: [Permanent Account No.] |
AABCK0239M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacture and construction of Pre-Engineered Building Systems and also provides designing, drafting and engineering services. |
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No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5560000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well-established company having fine track record. Sales turnover of the company has declined which has resulted into dip
in profit of the company during financial year 2013. However, rating reflects company’s leading market position in the
Indian Pre-Engineered (PEB) industry supported by decent financial base and
adequate liquidity profile of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications:
Apex court order may alter coal import dynamics. Traders go slowly on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn Business Empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M a M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
July 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A2+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk |
|
Date |
July 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Srinivasrao |
|
Designation : |
Assistant General Manager (Finance) |
|
Contact No.: |
91-9642390555 |
|
Date : |
27.11.2014 |
LOCATIONS
|
Registered / Regional / Head Office / Factory 1 : |
Plot No. 8-15, Phase III, IDA Phashamyalaram, District Medak
– 502307, Andhra Pradesh, India |
|
Tel. No.: |
91-8455-224401/ 02/ 03/ 04 |
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Fax No.: |
91-8455-224419 |
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E-Mail : |
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Website : |
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Factory 2 : |
Plot 2, Sector 11, Integrated Industrial Estate, Haridwar - 249403, Uttarakhand, India |
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Tel. No.: |
91-1334-235317/ 18/ 19 |
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Fax No.: |
91-1334-235314 |
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Sales Offices : |
Located at:
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DIRECTORS
As on 23.06.2014
|
Name : |
Mr. Dodle Raju |
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Designation : |
Managing director |
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Address : |
Flat No. 201, C Block, Landmark Residency, Madinaguda Miyapur,
Hyderabad – 500049, Andhra Pradesh, India |
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Date of Birth/Age : |
10.08.1957 |
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Qualification : |
B.E., MBA |
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Experience : |
32 Years |
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Date of Appointment : |
01.03.2014 |
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DIN No.: |
02579249 |
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Other Directorship:
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Name : |
Mr. Robert H A Farrow |
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Designation : |
Additional director |
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Address : |
House 19 B, Plot 285, Building 4, Street 1, |
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Date of Birth/Age : |
02.07.1957 |
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Date of Appointment : |
25.05.2010 |
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DIN No.: |
03090416 |
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|||||||||||||||||||||||||||
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Name : |
K.G. Philipose |
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Designation : |
Whole-time director |
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|
Address : |
703, C Block, Bhvya Anandam Apartment, Nizampet Road, Kukatpally,
Hyderabad – 500085, Andhra Pradesh, India |
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Date of Birth/Age : |
25.05.1967 |
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Qualification : |
B.E. Mechanical |
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Experience : |
23 Years |
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Date of Appointment : |
01.03.2014 |
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DIN No.: |
06548278 |
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Other Directorship:
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Name : |
Dhari Ali Abdul Rahman Al Bader |
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Designation : |
Director |
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Address : |
Building No.5, Plot NO. 5, Attabri Street, Ashameyya, Kuwait |
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Date of Birth/Age : |
06.10.1974 |
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Date of Appointment : |
03.12.2013 |
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DIN No.: |
06744947 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Srinivasrao |
|
Designation : |
Assistant General Manager (Finance) |
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|
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|
Name : |
Nandamuri Ajaya Babu |
|
Designation : |
Secretary |
|
Address : |
108, Block B, Mahalakshmi Estate, Nizampet Road, Kukatpally, Hyderabad
– 500085, Andhra Pradesh, India |
|
Date of Birth/Age : |
16.06.1962 |
|
Date of Appointment : |
01.05.2006 |
|
PAN No.: |
AAMPN7001N |
MAJOR SHAREHOLDERS
As on 23.06.2014
|
Names of Equity Shareholders |
No. of Shares |
% of Holding |
|
Alghanim Industries (Mauritius) Limited, Mauritius |
|
39999940 |
|
Alghanim Yousuf Kutayba |
|
10 |
|
Alghanim Bassam |
|
10 |
|
Alghanim K Omar |
|
10 |
|
Alghanim K Waleed |
|
10 |
|
Alghanim M K Samar |
|
10 |
|
Alghanim Industries WLL, |
|
10 |
|
Total |
|
40000000 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Alghanim Industries (Mauritius) Limited, Mauritius |
|
1170790 |
|
Total |
|
1170790 |
Equity Share Break up (Percentage of Total Equity)
As on 23.06.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and construction of Pre-Engineered Building Systems and also provides designing, drafting and engineering services. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Pre Engineered Steel Building |
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Countries : |
Srilanka |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Advance Payment and Credit (90 Days) |
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Purchasing : |
Cash, Advance Payment and Credit (90 Days) |
PRODUCTION STATUS (As on 31.12.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Pre-Engineered Buildings |
MT |
NA |
115000 |
54387* |
* Includes work in progress of 4730 MT
(31.12.2010: 5079 MT)
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
2000 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
Financial Institution : |
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Auditors : |
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|
Name : |
SR Batliboi and Associates LLP Chartered Accountants |
|
Address : |
22, Camac Street, Block C, 3rd Floor, Kolkata - 700016,
West Bengal, India |
|
PAN No.: |
ACHFS9118A |
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|
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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Holding Company : |
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|
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|
Fellow Subsidiary
Company : |
CIN No.: U45200UR2005PTC029472
CIN No.: U13209TG1987PLC007360 |
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Others : |
|
CAPITAL STRUCTURE
As on 23.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
88000000 |
Equity Shares |
Rs.10/- each |
Rs.880.000 Millions |
|
1200000 |
Preference Shares |
Rs.100/- each |
Rs.120.000 Millions |
|
|
Total |
|
Rs.1000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000
Millions |
|
1170790 |
Preference Shares |
Rs.100/- each |
Rs.117.079
Millions |
|
|
Total |
|
Rs.517.079 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
517.079 |
517.079 |
517.079 |
|
(b) Reserves & Surplus |
1,428.047 |
1,339.470 |
1,077.544 |
|
(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) |
1,945.126 |
1,856.549 |
1,594.623 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
20.078 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
464.061 |
479.981 |
480.116 |
|
(d) long-term
provisions |
27.759 |
42.175 |
68.551 |
|
Total Non-current
Liabilities (3) |
491.820 |
522.156 |
568.745 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
435.431 |
49.443 |
|
(b) Trade
payables |
911.180 |
757.770 |
832.171 |
|
(c) Other
current liabilities |
585.536 |
481.850 |
1,051.385 |
|
(d) Short-term
provisions |
85.019 |
179.536 |
144.522 |
|
Total Current
Liabilities (4) |
1,581.735 |
1,854.587 |
2,077.521 |
|
|
|
|
|
|
TOTAL |
4,018.681 |
4,233.292 |
4,240.889 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
704.701 |
754.428 |
809.410 |
|
(ii)
Intangible Assets |
1.613 |
8.171 |
21.801 |
|
(iii)
Capital work-in-progress |
0.486 |
0.000 |
0.437 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.011 |
0.011 |
0.011 |
|
(c) Deferred tax assets (net) |
137.429 |
181.552 |
221.058 |
|
(d) Long-term Loan and Advances |
752.485 |
727.582 |
483.599 |
|
(e) Other
Non-current assets |
349.327 |
420.624 |
27.646 |
|
Total Non-Current
Assets |
1,946.052 |
2,092.368 |
1,563.962 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
827.884 |
823.485 |
764.248 |
|
(c) Trade
receivables |
732.886 |
622.550 |
825.549 |
|
(d) Cash
and cash equivalents |
20.802 |
6.657 |
204.812 |
|
(e)
Short-term loans and advances |
155.766 |
113.780 |
163.869 |
|
(f) Other
current assets |
335.291 |
574.452 |
718.449 |
|
Total
Current Assets |
2,072.629 |
2,140.924 |
2,676.927 |
|
|
|
|
|
|
TOTAL |
4,018.681 |
4,233.292 |
4,240.889 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
3,735.009 |
4,757.977 |
4,303.090 |
|
|
|
|
Other Income |
56.726 |
34.485 |
52.780 |
|
|
|
|
TOTAL (A) |
3,791.735 |
4,792.462 |
4,355.870 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
2,344.737 |
2,810.946 |
2,597.550 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(36.948) |
16.905 |
9.482 |
|
|
|
|
Employee Benefits Expenses |
533.535 |
478.153 |
516.873 |
|
|
|
|
Other Expenses |
694.327 |
949.599 |
925.318 |
|
|
|
|
TOTAL (B) |
3,535.651 |
4,255.603 |
4,049.223 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
256.084 |
536.859 |
306.647 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
53.631 |
79.865 |
78.444 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
202.453 |
456.994 |
228.203 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
66.507 |
80.596 |
87.394 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
135.946 |
376.398 |
140.809 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
44.123 |
111.225 |
57.339 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
91.823 |
265.173 |
83.470 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Income from Engineering Services |
81.130 |
52.581 |
43.480 |
|
|
|
TOTAL EARNINGS |
81.130 |
52.581 |
43.480 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
0.000 |
7.600 |
3.927 |
|
|
|
|
Accessories |
10.902 |
40.626 |
31.859 |
|
|
|
|
Stores & Spares |
27.589 |
28.562 |
18.288 |
|
|
|
|
Capital Goods |
0.092 |
0.000 |
1.736 |
|
|
|
TOTAL IMPORTS |
38.583 |
76.788 |
55.810 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.12 |
6.45 |
1.91 |
||
|
Particulars |
|
|
31.12.2014 |
|
Sales Turnover (Approximately) |
|
|
4500.000 |
Expected Sales (2014-2015): Rs.50000.000 Millions
The above information has been parted by Mr. Srinivasrao
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.46 |
5.57 |
1.94 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.86 |
11.28 |
7.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.50 |
9.29 |
3.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.20 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.23 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.15 |
1.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
517.079 |
517.079 |
517.079 |
|
Reserves & Surplus |
1077.544 |
1339.470 |
1428.047 |
|
Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1594.623 |
1856.549 |
1945.126 |
|
|
|
|
|
|
Long Term borrowings |
20.078 |
0.000 |
0.000 |
|
Short Term borrowings |
49.443 |
435.431 |
0.000 |
|
Total
borrowings |
69.521 |
435.431 |
0.000 |
|
Debt/Equity
ratio |
0.044 |
0.235 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
4,303.090 |
4,757.977 |
3,735.009 |
|
|
|
10.571 |
(21.500) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
4,303.090 |
4,757.977 |
3,735.009 |
|
Profit |
83.470 |
265.173 |
91.823 |
|
|
1.94% |
5.57% |
2.46% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four 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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
CASE STATUS INFORMATION SYSTEM
|
UNSECURED LOANS:
|
Particulars |
31.12.2013 Rs. In Millions |
31.12.2012 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
0.000 |
300.000 |
|
Total |
0.000 |
300.000 |
NATURE OF
OPERATIONS:
The Company is engaged in the business of manufacture and construction of Pre-Engineered Building Systems. Also, the Company provides designing, drafting and engineering services for construction of Pre-Engineered Buildings/steel structurals.
PERFORMANCE:
The Company has achieved a gross turnover of Rs.3791.700 Millions during the year ending 31.12.2013 as against the gross turnover of 4792.400 Millions during the previous year ending 31.12.2012. As against the profit of Rs.265.200 Millions during the previous year (YE 31.12.2012), the Company earned a profit of Rs.91.800 Millions during the current year (YE 31.12.2013). Turnover & Profitability for the year 2013 reduced due to continued sluggishness in economy and particularly in manufacturing and capital goods sectors and postponement of capex by industrial and infrastructure sectors in view of General Elections in 2014.
OUTLOOK:
With a stable government in place, the economy is expected to improve with investment in industrial and infrastructure sectors resulting in higher volumes and better margins in the second half of the year onwards.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10415012 |
05/08/2013 * |
120,000,000.00 |
The Hongkong & Shanghai Banking Corporation Limited |
6-3-1107 & 1108, Raj Bhavan Road, Somajiguda, Hyderabad, Andhra Pradesh - 500082, India |
B82022641 |
|
2 |
10131552 |
08/10/2008 |
570,000,000.00 |
State Bank of India |
Commercial Branch,
Bank Street, Koti, Hyderabad, |
A51688182 |
|
3 |
10110039 |
05/08/2013 * |
470,000,000.00 |
State Bank of India |
Commercial Branch, Mid Corporate Branch, Bank Street, Koti, Hyderabad, Andhra Pradesh - 500095, India |
B81971848 |
|
4 |
10111925 |
05/08/2013 * |
1,530,000,000.00 |
3i Infotech Trusteeship Services Limited |
3rd to 6th floor, International Infotech Park,, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai, Maharashtra - 400703, India |
B81730277 |
|
5 |
10115735 |
24/09/2014 * |
1,310,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch, No.6-3-879/B, Greenland, Begumpet, Hyderabad, Telangana - 500016, India |
C29798113 |
|
6 |
90139425 |
05/12/2003 |
153,000,000.00 |
State Bank Of India |
Commercial Branch, Bank Street; Koti, Hyderabad, Andhra Pradesh, India |
- |
|
7 |
90138423 |
15/09/2004 * |
50,000,000.00 |
Uti Bank Limited |
6-3-879/B, Greenlands Road; Begumpet, Hyderabad, Andhra Pradesh, India |
- |
|
8 |
90139365 |
08/08/2002 |
30,000,000.00 |
State Bank Of India |
Commercial Branch, Bank Street; Koti, Hyderabad, Andhra Pradesh - 500095, India |
- |
|
9 |
90139287 |
07/02/2001 * |
30,000,000.00 |
ICICI Limited |
ICICI Towers, Bandra Kurla Complex, Mumbai, Maharashtra - 400051, India |
- |
|
10 |
90138216 |
06/03/2007 * |
2,600,000,000.00 |
State Bank Of India |
Commercial Branch,, Bank Street, Koti, Hyderabad, Andhra Pradesh - 500095, India |
- |
|
11 |
90140162 |
29/12/2005 * |
120,000,000.00 |
ICICI Banking Corporation Ltd. |
TGV Mansion ; 6 - 2 - 1012, Khairatabad, Hyderabad, Andhra Pradesh - 500004, India |
- |
|
12 |
90138168 |
24/09/2001 * |
300,000,000.00 |
ICICI Limited |
ICICI Towers, Bandra Kurla Complex, Mumbai, Maharashtra - 400051, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.61.87 |
|
|
1 |
Rs.97.23 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
52 |
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.