MIRA
INFORM REPORT
|
Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
PENNA CEMENT INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
H. No. 8-2-268/A/1/S and S1, Plot No. 705, Road No. 3, Banjara Hills, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.10.1991 |
|
|
|
|
Com. Reg. No.: |
01-013359 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.133.800
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26942AP1991PLC013359 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDP00534C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP2290D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of wide range of Cement like Ordinary Portland Cement, Portland Pozzolana Cement, Portland Slag Cement, etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects healthy financial risk profile marked by adequate
liquidity position and fair profitability of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow 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 willfully 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 |
A+ [Proposed Non-convertible Debenture] |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
20.03.2014 |
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-40-44565100]
LOCATIONS
|
Registered / Corporate Office : |
H. No. 8-2-268/A/1/S and S1, Plot No. 705, Road No. 3, Banjara Hills,
Hyderabad – 500034, Andhra Pradesh |
|
Tel. No.: |
91-40-44565100 |
|
Fax No.: |
91-40-23353947/ 23328073/
23355941 |
|
E-Mail : |
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|
Website : |
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|
|
Branch Offices : |
Located At: · Andhra Pradesh Maharashtra Karnataka Tamilnadu Goa Kerala |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Puttamreddy Prathap Reddy |
|
Designation : |
Managing Director |
|
Address : |
8-2-309/M/1 to 4, Navodaya Colony, Road 14, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
06.04.1958 |
|
Date of Appointment : |
01.09.2012 |
|
PAN No.: |
AFIPP8044A |
|
DIN No.: |
00093176 |
|
|
|
|
Name : |
Mr. Puttamreddy Venugopal Reddy |
|
Designation : |
Director |
|
Address : |
Plot No.702, Sriniketan Colony, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
17.04.1953 |
|
Date of Appointment : |
01.01.2001 |
|
DIN No.: |
00094146 |
|
|
|
|
Name : |
Mr. Bezawada Vikram |
|
Designation : |
Whole-Time Director |
|
Address : |
H.NO. 8-2-309/M/6, Road No. 14, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.05.1978 |
|
Date of Appointment : |
01.09.2012 |
|
PAN No.: |
AHKPB5779N |
|
DIN No.: |
02086809 |
|
|
|
|
Name : |
Mr. Munikrishna Papagari |
|
Designation : |
Director |
|
Address : |
Plot No.263, Kamalapuri Colony, Hyderabad – 500073, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.02.1944 |
|
Date of Appointment : |
10.02.1992 |
|
DIN No.: |
00011580 |
|
|
|
|
Name : |
Mr. Yeratapalli Santoshkumar Reddy |
|
Designation : |
Director |
|
Address : |
Plot No.275, MLA and MPs colony, Road No.10c, J Hills, Hyderabad – 500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1950 |
|
Date of Appointment : |
29.09.2008 |
|
DIN No.: |
00015092 |
|
|
|
|
Name : |
Lakshmi Kantham Dabbara |
|
Designation : |
Whole-Time Director |
|
Address : |
Plot No. 20, Flat No. 101, Padmajalaya Apartments, Srinagar Colony, Hyderabad - 500 073, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.05.1951 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
00822385 |
|
|
|
|
Name : |
Petluru Venugopal Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 3, Megacity Residency, Narayanaguda, Hyderabad-500029, Andhra
Pradesh, India |
|
Date of Birth/Age : |
20.07.1965 |
|
Date of Appointment : |
29.06.2013 |
|
DIN No.: |
02086809 |
KEY EXECUTIVES
|
Name : |
Mr. Raj Kumar Singh |
|
Designation : |
Secretary |
|
Address : |
31, Rudra Nagar Colony, Lothkunta, Secunderabad,
Hyderabad- 500 015, Andhra Pradesh, India |
|
Date of Birth/Age : |
23.03.1975 |
|
Date of Appointment : |
07.11.2011 |
|
Pan No.: |
AODPS4886F |
|
|
|
|
Name : |
Mr. Yugender |
|
Designation : |
Finance Head Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
33.35 |
|
Directors
or relatives of directors |
|
66.65 |
|
|
|
|
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of wide range of Cement like Ordinary Portland Cement, Portland Pozzolana Cement, Portland Slag Cement, etc. |
||||||
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Bankers : |
· Bank of India, Khairatabad Branch, Hyderabad - 500004, Andhra Pradesh, India · State Bank of India, Corporate Accounts Group Branch - 13039, 'Ozone', 2nd Floor, 6-3-669, Punjagutta, Main Road, Hyderabad - 500082, Andhra Pradesh, India · IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India · Axis Bank Limited, Trishul 3rd Floor, Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India · Syndicate Bank - Corporate Finance Branch, 6-3-666, 1st Floor, Lumbini Towers, Opposite Nims , Punjagutta, Hyderabad - 500082, Andhra Pradesh, India · Standard Chartered Bank, 6-3-1090, Raj Bhavan Road, Somajiguda, Hyderabad - 500082, Andhra Pradesh, India · ICICI Bank Limited, ICICI Bank Towers, Bandra (East), Mumbai - 400051, Maharashtra, India ·
Punjab National Bank, Mid Corporate Branch,
8-2-672, Sufi Chambers, Road No. 1, Banjara Hills, Hyderabad - 500034, Andhra
Pradesh, India |
|||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Ayyadevara and Company Chartered Accountants |
|
Address : |
1-2-386/A/1, Gagan Mahal, Hyderabad – 500029, Andhra Pradesh, India |
|
PAN No: |
ABLPA5021F |
|
|
|
|
Associate : |
Anrak Aluminium Limited
[U74999AP2007PLC053278] |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· E-Vision Softech India Limited [U72200AP2000PLC034155] Krshna Hydro Energy Limited [U74900AP2007PLC054981] Pioneer Builderrs Limited [U45200AP2004PLC044828] Pioneer Genco Limited [U40109AP2001PLC038231] Pioneer Power Corporation Limited [U40109AP2002PLC039289] P R Energy Holding Limited [U60231AP2006PLC048786] Sriba Industries Limited [U40109AP1997PLC027846] Pioneer Power Limited [U40100AP1998PLC030368] Pioneer Builders Pioneer Estates |
|
|
|
|
Subsidiary
Company : |
· Penna Global Investments FZ LLC Pioneer Cement Industries Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs. 750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13380000 |
Equity Shares |
Rs.10/- each
|
Rs. 133.800
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 |
133.800 |
133.800 |
133.800 |
|
(b) Reserves &
Surplus |
11921.400 |
10545.000 |
7824.400 |
|
(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) |
12055.200 |
10678.800 |
7958.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2670.400 |
2183.900 |
4136.400 |
|
(b) Deferred tax
liabilities (Net) |
1583.900 |
1491.900 |
1393.700 |
|
(c) Other long term
liabilities |
4358.600 |
4919.800 |
3965.700 |
|
(d) long-term provisions |
31.900 |
29.900 |
23.200 |
|
Total Non-current
Liabilities (3) |
8644.800 |
8625.500 |
9519.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1279.500 |
961.000 |
761.900 |
|
(b) Trade payables |
959.800 |
669.600 |
605.000 |
|
(c) Other current
liabilities |
1927.900 |
1996.900 |
2095.700 |
|
(d) Short-term provisions |
220.600 |
41.500 |
46.600 |
|
Total Current Liabilities
(4) |
4387.800 |
3669.000 |
3509.200 |
|
|
|
|
|
|
TOTAL |
25087.800 |
22973.300 |
20986.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12049.800 |
12451.400 |
11155.300 |
|
(ii) Intangible Assets |
34.800 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
1661.600 |
2045.400 |
3109.000 |
|
(iv) Intangible assets
under development |
0.000 |
9.500 |
0.000 |
|
(b) Non-current
Investments |
4592.800 |
4296.900 |
2668.700 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
336.800 |
283.600 |
267.900 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
18675.800 |
19086.800 |
17200.900 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
50.200 |
190.000 |
449.500 |
|
(b) Inventories |
1302.000 |
1196.500 |
951.000 |
|
(c) Trade receivables |
1147.500 |
557.000 |
750.000 |
|
(d) Cash and cash
equivalents |
337.100 |
235.000 |
295.000 |
|
(e) Short-term loans and
advances |
2096.200 |
217.000 |
0.000 |
|
(f) Other current assets |
1479.000 |
1491.000 |
1340.000 |
|
Total Current Assets |
6412.000 |
3886.500 |
3785.500 |
|
|
|
|
|
|
TOTAL |
25087.800 |
22973.300 |
20986.400 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
19416.300 |
17316.200 |
13767.400 |
|
|
|
|
Other Income |
68.900 |
1417.500 |
30.400 |
|
|
|
TOTAL
(A) |
19485.200 |
18733.700 |
13797.800 |
||
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials
Consumed |
3378.300 |
2894.600 |
1457.500 |
|
|
|
|
Purchases of
stock-in-trade |
0.000 |
0.000 |
9.600 |
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(47.100) |
(82.800) |
(178.400) |
|
|
|
|
Employees benefits
expense |
484.800 |
457.600 |
397.100 |
|
|
|
|
Exceptional items |
11.000 |
0.000 |
0.000 |
|
|
|
|
Other expenses |
12195.000 |
10286.000 |
9268.200 |
|
|
|
TOTAL
(B) |
16022.000 |
13555.400 |
10954.000 |
||
|
|
|
|
|
|
||
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
3463.200 |
5178.300 |
2843.800 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL EXPENSES (D) |
623.300 |
731.600 |
679.200 |
||
|
|
|
|
|
|
||
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2839.900 |
4446.700 |
2164.600 |
||
|
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
717.000 |
664.900 |
628.300 |
||
|
|
|
|
|
|
||
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
2122.900 |
3781.800 |
1536.300 |
||
|
|
|
|
|
|
||
|
Less |
TAX
(H) |
705.300 |
1022.500 |
497.600 |
||
|
|
|
|
|
|
||
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
1417.600 |
2759.300 |
1038.700 |
||
|
|
|
|
|
|
||
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
9184.300 |
6813.700 |
5919.000 |
||
|
|
|
|
|
|
||
|
|
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General
Reserve |
350.000 |
350.000 |
105.000 |
|
|
|
|
Dividend |
33.500 |
33.500 |
33.500 |
|
|
|
|
Tax on Dividend |
5.700 |
5.400 |
5.400 |
|
|
|
BALANCE CARRIED TO THE
B/S |
10212.700 |
9184.300 |
6813.800 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
Earnings on Dividend |
0.000 |
1339.000 |
0.000 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
1849.300 |
322.900 |
141.600 |
||
|
|
|
|
|
|
||
|
|
Earnings / (Loss) Per
Share (Rs.) |
106.00 |
206.00 |
78.00 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.27
|
14.73 |
7.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.93
|
21.84 |
11.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.27
|
22.75 |
10.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.35 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.33
|
0.29 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.05 |
1.07 |
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 |
133.800 |
133.800 |
133.800 |
|
Reserves & Surplus |
7824.400 |
10545.000 |
11921.400 |
|
Net worth |
7958.200 |
10678.800 |
12055.200 |
|
|
|
|
|
|
Long-term borrowings |
4136.400 |
2183.900 |
2670.400 |
|
Short term borrowings |
761.900 |
961.000 |
1279.500 |
|
Total borrowings |
4898.300 |
3144.900 |
3949.900 |
|
Debt/Equity ratio |
0.616 |
0.294 |
0.328 |
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 |
13767.400 |
17316.200 |
19416.300 |
|
|
|
25.777 |
12.128 |
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 |
13767.400 |
17316.200 |
19416.300 |
|
Profit |
1038.700 |
2759.300 |
1417.600 |
|
|
7.54% |
15.93% |
7.30% |
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 |
-- |
|
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] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10518837 |
06/09/2014 |
500,000,000.00 |
SOUTH INDIAN
BANK LIMITED |
HYDERABAD
CORPORATE BRANCH, 6-3-1085/D/G/1, DEGA |
C19755685 |
|
2 |
10513301 |
27/06/2014 |
200,000,000.00 |
YES BANK LIMITED |
NEHRU CENTRE 9TH
FLOOR, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA
- 400018, INDIA |
C15313489 |
|
3 |
10477206 |
28/12/2013 |
1,000,000,000.00 |
L & T FIN
CORP |
L & T HOUSE,
N.M. MARG, BALLARD ESTATE, MUMBAI, |
B96187943 |
|
4 |
10427292 |
07/12/2013 * |
1,000,000,000.00 |
STATE BANK OF
INDIA |
CORPORATE ACCOUNTS
GROUP BRANCH, 6-3-669, OZONE, 2ND FLOOR, PUNJAGUTTA MAIN ROAD,
HYDERABAD, ANDHRA PRADESH - 500082, INDIA |
B91296632 |
|
5 |
10401645 |
28/12/2013 * |
1,000,000,000.00 |
L&T
INFRASTRUCTURE FINANCE COMPANY LIMITED |
MOUNT POONAMALLEE
ROAD, MANAPAKKAM, CHENNAI, TAMILNADU - 600089, INDIA |
B94105285 |
|
6 |
10362940 |
24/09/2012 * |
800,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI,
MAHARASHTRA - |
B59794370 |
|
7 |
10221882 |
20/02/2014 * |
1,500,000,000.00 |
AXIS BANK
LIMITED |
TRISHUL 3RD
FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE (BANJARA HILLS BRANCH,
HYD), AHMEDAGAD, GUJARAT - 380006, INDIA |
B97889018 |
|
8 |
10185869 |
19/06/2012 * |
750,000,000.00 |
SYNDICATE BANK -
CORPORATE FINANCE BRANCH |
6-3-666, 1ST
FLOOR, LUMBINI TOWERS, OPP : NIMS, |
B43207927 |
|
9 |
90139893 |
20/06/2014 * |
3,500,000,000.00 |
STATE BANK OF
INDIA |
CAG BRANCH,
OZONE BUILDING, 2ND FLOOR, #6-3-669, PUNJAGUTTA, HYDERABAD, TELANGANA -
500082, INDIA |
C07864754 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 [Rs.
in Millions] |
31.03.2012 [Rs.
in Millions] |
|
LONG TERM
BORROWINGS |
|
|
|
Term loans from others |
1873.300 |
0.000 |
|
|
|
|
|
TOTAL |
1873.300 |
0.000 |
REVIEW OF OPERATIONS:
The Company has performed well
despite the challenging environment in India and especially in the State of
Andhra Pradesh. It has recorded gross turnover of Rs. 24320.000 Millions during
the year as against Rs. 21560.000 Millions during the previous year.
FIXED ASSETS:
· Building
Factory
Plant
Machinery
Office
Equipments
Computer
Furniture
Fixtures
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.03 |
|
UK Pound |
1 |
Rs. 99.99 |
|
Euro |
1 |
Rs. 78.37 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.