1. Summary Information
|
Country |
|
||
|
Company Name |
VIMALA FEEDS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Madhusudhan Rao Chalimeda |
|
Status |
Satisfactory |
Principal Name 2 |
Suneela Chalimeda |
|
Registration # |
01-030625 |
||
|
Street Address |
H No. 3-6-356/C/301, Pavani Estate, Liberty Road, Himayat Nagar,
Hyderabad – 500029, Andhra Pradesh, India |
||
|
Established Date |
07.12.1998 |
SIC Code |
-- |
|
Telephone# |
91-40-23222180 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-40-23220869 |
Business Style 2 |
-- |
|
Homepage |
NA |
Product Name 1 |
Poultry Feed |
|
# of employees |
NA |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
14,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate 20.90 % Directors or
relatives of Directors 79.10% |
Banking |
Bank of India |
|
Public Limited Corp. |
NO |
Business Period |
16 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related Party : |
India |
Janaki Feeds Private Limite |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
119,682,000 |
Current Liabilities |
73,263,000 |
|
Inventories |
92,111,000 |
Long-term Liabilities |
116,218,000 |
|
Fixed Assets |
80,563,000 |
Other Liabilities |
5,206,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
194,687,000 |
|
Invest& other Assets |
13,067,000 |
Retained Earnings |
96,736,000 |
|
|
|
Net Worth |
110,736,000 |
|
Total Assets |
305,423,000 |
Total Liab. & Equity |
305,423,000 |
|
Total Assets (Previous Year) |
236,070,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Income (Gross) |
2,118,310,000 |
Net Profit |
22,077,000 |
|
Income (Gross) (Previous yr) |
1,802,752,000 |
Net Profit(Prev.yr) |
21,374,000 |
MIRA INFORM REPORT
|
Report Date : |
11.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIMALA FEEDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H No. 3-6-356/C/301, Pavani Estate, Liberty Road, Himayat Nagar, Hyderabad
– 500029, Telangana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.12.1998 |
|
|
|
|
Com. Reg. No.: |
01-030625 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01222TG1998PTC030625 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDV00855B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCV1345B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer Poultry Feed |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 442000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2013 but the documents related to the
financials are not available from any source. As per financials of 2012, overall financial position of the company
is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealing 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The prospects
of the India’s economy have been seriously compromised due to political
corruption. High inflation, poor standard of living are to a great extent a
result of rampant corruption in the country. China on the other hand, seems to
be facing diametrically opposite challenge. American hedge fund manager Jim
Chanos has been keenly following the political and economic development in the
dragon economy and has figured out something that is quite worrying. He is of
the view that the Chinese economy could be heading toward trouble on account of
new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes tat many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating BBB- |
|
Rating Explanation |
Moderate credit quality and average credit risk |
|
Date |
24th June 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENEID BY
|
Name : |
Mr. Ram Mohan |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-7799041688 |
|
Date : |
04.09.2014 |
LOCATIONS
|
Registered / Admin. Office : |
H No. 3-6-356/C/301, Pavani Estate, Liberty Road, Himayat Nagar,
Hyderabad – 500029, Telangana, India |
|
Tel. No.: |
91-40-23222180 |
|
Fax No.: |
91-40-23220869 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Survey No. 664 and 665, Lalgadi, Malakpet, (Villege), Shameetpet
(Mandal), Ranga Reddy District, Hyderabad, India |
|
Tel. No.: |
91-8418-325369 |
DIRECTORS
As on: 30.09.2012
|
Name : |
Mr. Madhusudhan Rao Chalimeda |
|
Designation : |
Director |
|
Address : |
#1-2-56/38, Domalaguda, Hyderabad – 500029, Andhra Pradesh, India |
|
Date of Birth/Age : |
02.08.1964 |
|
Date of Appointment : |
07.12.1998 |
|
DIN No.: |
00406575 |
|
|
|
|
Name : |
Suneela Chalimeda |
|
Designation : |
Director |
|
Address : |
#1-2-56/38, Domalaguda, Hyderabad – 500029, Andhra Pradesh, India |
|
Date of Birth/Age : |
20.07.1967 |
|
Date of Appointment : |
07.12.1998 |
|
DIN No.: |
00406685 |
|
|
|
|
Name : |
Mr. Anand Rao Chalimeda |
|
Designation : |
Director |
|
Address : |
#1-2-56/38, Domalaguda, Hyderabad – 500029, Andhra Pradesh, India |
|
Date of Birth/Age : |
16.10.1928 |
|
Date of Appointment : |
19.11.2007 |
|
DIN No.: |
01995984 |
KEY EXECUTIVES
|
Name : |
Mr. Ram Mohan |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2012
|
Names of Shareholders |
No. of Shares |
|
C. Anand Rao |
56000 |
|
C. Venkateshwar Rao |
6000 |
|
C. Venketeshwar Rao – HUF |
7500 |
|
C. Kiramal |
7500 |
|
C. Rajeshwara Rao |
6750 |
|
C. Rajeshwara Rao – HUF |
6750 |
|
C. Rajyalaxmi |
7500 |
|
C. Lakshminarsimha Rao |
6000 |
|
C. Lakshminarsimha Rao – HUF |
7500 |
|
C. Suneela |
7500 |
|
C. Madhu Sudhan Rao |
6000 |
|
C. Madhu Sudhan Rao – HUF |
7500 |
|
C. Kavitha |
7500 |
|
|
|
|
Total |
140000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
20.90 |
|
Directors or relatives of directors |
|
79.10 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer Poultry Feed |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. Narsing Rao and Company Chartered Accountants |
|
Address : |
# Plot No. 554, Road No. 92, Jubilee Hills, Hyderabad – 500096, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-23606175 |
|
PAN No.: |
AACFBI524C |
|
|
|
|
Related Party : |
·
Janaki Feeds Private Limited CIN
No. :U15330AP1988PTC009339 ·
Chalimeda Feeds Private Limited CIN
No. :U65992AP1996PTC023293 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
375000 |
Equity Shares |
Rs.10/- each |
Rs.37.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
140000 |
Equity Shares |
Rs.10/- each |
Rs.14.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
14.000 |
14.000 |
|
(b) Reserves & Surplus |
|
96.736 |
75.119 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
110.736 |
89.119 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
36.297 |
34.633 |
|
(b) Deferred tax liabilities (Net) |
|
4.573 |
4.671 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
40.870 |
39.304 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
79.921 |
48.709 |
|
(b) Trade payables |
|
57.532 |
32.817 |
|
(c) Other current
liabilities |
|
15.731 |
15.796 |
|
(d) Short-term provisions |
|
0.633 |
10.325 |
|
Total Current Liabilities
(4) |
|
153.817 |
107.647 |
|
|
|
|
|
|
TOTAL |
|
305.423 |
236.070 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
79.894 |
79.033 |
|
(ii) Intangible Assets |
|
0.669 |
0.000 |
|
(iii) Capital
work-in-progress |
|
9.958 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
3.109 |
2.735 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.322 |
1.996 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
95.952 |
83.764 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
92.111 |
47.603 |
|
(c) Trade receivables |
|
82.145 |
53.096 |
|
(d) Cash and cash
equivalents |
|
25.816 |
11.758 |
|
(e) Short-term loans
and advances |
|
5.097 |
32.233 |
|
(f) Other current
assets |
|
4.302 |
7.616 |
|
Total Current Assets |
|
209.471 |
152.306 |
|
|
|
|
|
|
TOTAL |
|
305.423 |
236.070 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
14.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
54.321 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
68.321 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.383 |
|
|
2] Unsecured Loans |
|
|
31.999 |
|
|
TOTAL BORROWING |
|
|
34.382 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.466 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
107.169 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
75.722 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
48.956 |
|
|
Sundry Debtors |
|
|
44.945 |
|
|
Cash & Bank Balances |
|
|
23.835 |
|
|
Other Current Assets |
|
|
11.239 |
|
|
Loans & Advances |
|
|
1.324 |
|
Total
Current Assets |
|
|
130.299 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
31.862 |
|
|
Other Current Liabilities |
|
|
53.647 |
|
|
Provisions |
|
|
13.363 |
|
Total
Current Liabilities |
|
|
98.872 |
|
|
Net Current Assets |
|
|
31.427 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.020 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
107.169 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Gross) |
2118.310 |
1802.752 |
1520.534 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
56.940 |
49.382 |
43.252 |
|
|
|
|
|
|
|
|
|
|
INTEREST |
13.135 |
6.689 |
7.277 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
43.805 |
42.693 |
35.975 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
11.155 |
10.994 |
8.962 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
32.649 |
31.699 |
27.013 |
|
|
|
|
|
|
|
|
|
|
TAX |
10.572 |
10.120 |
8.998 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
22.077 |
21.374 |
18.015 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Capital Goods |
NA |
169.813 |
Nil |
|
|
TOTAL IMPORTS |
NA |
169.813 |
Nil
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
157.69 |
151.59 |
128.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.19
|
13.58 |
13.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.35 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.05
|
0.93 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
0.93 |
0.50 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
14.000 |
14.000 |
|
Reserves & Surplus |
75.119 |
96.736 |
|
Net worth |
89.119 |
110.736 |
|
|
|
|
|
long-term borrowings |
34.633 |
36.297 |
|
Short term borrowings |
48.709 |
79.921 |
|
Total borrowings |
83.342 |
116.218 |
|
Debt/Equity ratio |
0.935 |
1.050 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1520.534 |
1802.752 |
2118.310 |
|
|
|
18.560 |
17.504 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1520.534 |
1802.752 |
2118.310 |
|
Profit |
18.015 |
21.374 |
22.077 |
|
|
1.18% |
1.19% |
1.04% |
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 |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
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 Loan:
|
Particulars
|
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long Term
Borrowing |
|
|
|
Loans and advance from directors |
3.366 |
3.188 |
|
Loans and advance from other |
32.931 |
31.445 |
|
|
|
|
|
Total |
36.297 |
34.633 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10476350 |
29/01/2014 |
3,400,000.00 |
AXIS BANK LIMITED |
5-2-183/184, III FLOOR, AXIS BANK LIMITED, RP ROAD, HYDERABAD - 500003, ANDHRA PRADESH, INDIA |
B95819363 |
|
2 |
10145547 |
07/03/2013 * |
282,500,000.00 |
BANK OF INDIA |
10-1-1199/2, FIRST FLOOR, P.T.I BUILDING,, A.C. GUARDS,HYDERABAD, HYDERABAD - 500004, ANDHRA PRADESH, INDIA |
B75887794 |
|
3 |
90116136 |
10/11/2001 |
30,000,000.00 |
BANK OF INDIA |
KHAIRATABAD BRANCH, HYDERABAD, ANDHRA PRADESH, INDIA |
- |
|
4 |
90116108 |
27/06/2001 |
9,400,000.00 |
BANK OF INDIA |
KHAIRATABAD BRANCH, HYDERABAD, ANDHRA PRADESH, INDIA |
- |
|
5 |
90116086 |
16/04/2005 * |
24,000,000.00 |
A.P.S.F.C. |
HYDERABAD, HYDERABAD, ANDHRA PRADESH, INDIA |
- |
FIXED ASSETS:
·
Land
·
Buildings
·
Other building
·
Plant and equipment
·
Factory Equipments
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer Equipments
·
Computer software
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 judgment 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. 60.82 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.