MIRA INFORM REPORT
|
Report No. : |
314528 |
|
Report Date : |
01.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
KOPPAL GREEN POWER LIMITED SNC FOODS PRIVATE LIMITED AMALGAMATED WITH KOPPAL GREEN POWER LIMITED |
|
|
|
|
Registered
Office : |
H. No. 1-88/1/102,102, Shanti Vanam, Kavuri Hills Extension, Hyderabad – 500033, Telangana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.05.2000 |
|
|
|
|
Com. Reg. No.: |
36-034520 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.92.364 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40109TG2000PLC034520 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Power and Rice. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 605000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company has seen dip in its turnover in the year 2013-2014. Management of the company has reported low profitability during the
financial year 2013-2014. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit Term Loan Non Fund Bases Limits = B+ |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
February 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 DENIED BY
|
Name : |
Mr. Gopal Krishnan |
|
Designation : |
General Manager |
|
Contact No.: |
91-40-65733344 |
|
Date : |
30.03.2015 |
LOCATIONS
|
Registered Office : |
H. No. 1-88/1/102,102, Shanti Vanam, Kavuri Hills Extension, Hyderabad – 500033, Telangana, India |
|
Tel. No.: |
91-40-65733344 |
|
Fax No.: |
91-40-23112623 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Power Plant : |
Opposite 110 KV KPTCL Substation R.G. Road, Karatagi, Gangavathi Taluq, Koppal District - 583229, Karnataka, India |
|
Tel. No.: |
91-8533-274663 / 274674 |
|
Fax No.: |
91-8533-275286 |
|
|
|
|
Plant : |
SNC Foods Private Limited Survey No. 97, Chandana Halli Road, Karatagi, Gangavathi Taluq, Koppal – 583229, District Karnataka, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Chandramohan Medarametla |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
H.No.37-1-406, Bhagya Nagar, Ongole - 523001, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.06.1976 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.03.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00333039 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bombrana Sridhar Shetty |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
99/E/II-Cross, K.H.B. Colony, V-Block, Koramangala, Bangalore -
560034, Karnataka, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.03.1942 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.03.2003 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00768182 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Medarmetla Subbaiah |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
2nd Line, Bhagyanagar, Near R T O Office, S P G Building, Ongole -
523001, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1946 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.03.2007 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01398761 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Boyapati Venkateswarlu |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
8-3-224/11/3/102, H 60, Madhura Nagar, Hyderabad - 500038, Telangana,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.06.1975 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2007 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01867140 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Anjeneyalu Singavarapu |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat 1 B, S S Building, New No 9, Burkit Road, T Nagar, Chennai -
600017, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1960 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.03.2008 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02147568 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Chaitanya Medarametla |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1-74/13/30, Guttala Begam Pet, Madhapur, Hyderabad - 500081, Telangana, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.01.1983 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.06.2009 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02693673 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Gopal Krishnan |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
M Subbaun |
|
4535733 |
|
M Chnadra Mohan |
|
2561497 |
|
A Vijayalakshmi |
|
50000 |
|
B Ventakeswarlu |
|
7100 |
|
M Ghaitanya |
|
981033 |
|
M Sarojini |
|
303725 |
|
M S S Prasad |
|
100 |
|
M Malleswari |
|
100 |
|
Kata Sudhakar |
|
100 |
|
A Satyavathi |
|
80300 |
|
Bommineni Seshu Babu |
|
16667 |
|
Kari Suresh |
|
23333 |
|
Singavarapu Anjaneyulu |
|
133333 |
|
N Rama Krishna |
|
16667 |
|
A Kasivishwanath |
|
25000 |
|
N Karuna |
|
25000 |
|
A Ramabrahmam |
|
16667 |
|
S Srinivasa Rao |
|
16667 |
|
G Haranatrh Babu |
|
20000 |
|
Y Venkat Rao |
|
30000 |
|
G Sudharshana Rao |
|
30000 |
|
B Koteswara Rao |
|
50000 |
|
G Rama Rao |
|
50000 |
|
G Yesuratnam |
|
66666 |
|
M Bramaiah |
|
31667 |
|
G Madhusudhana Rao |
|
30000 |
|
M Yanadi Naidu |
|
31667 |
|
G Subba Rao |
|
31667 |
|
N Punnaiah |
|
40000 |
|
S Raghupati Raju |
|
31667 |
|
Total |
|
9236356 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
93.14 |
|
Other top fifty shareholders |
6.86 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Power and Rice. |
|
|
|
|
Products : |
Power and Rice |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Information denied by management |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
State Bank of India, Commercial Branch - 4246, 5-8-16 (4), B.M. Apartment, Ramakuri Vari Street, Santhapet, Ongole - 523001, Andhra Pradesh, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Financial Institution : |
Indian Renewable Energy Development Agency Limited, India Habitat Centre, 1st Floor, East Court Core, 4 A, Lodhi Road, New Delhi - 110003, India |
|
|
|
|
Auditors : |
|
|
Name : |
L N P and Company Chartered Accountants |
|
Address : |
Flat No 503 H No 8-3-903/A, Siri Estates, Nagarjun Nagar Colony,
Yellareddy Guda, Hyderabad – 500073, Telangana, India |
|
PAN No.: |
AAFFG9421L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Director is
a partner of the entity : |
Sri Vijayalakshmi Tobbaco |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14000000 |
Equity Shares |
Rs.10/- each |
Rs.140.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9236356 |
Equity Shares |
Rs.10/- each |
Rs.92.364 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
92.364 |
92.364 |
92.364 |
|
(b) Reserves & Surplus |
119.284 |
116.662 |
107.423 |
|
(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) |
211.648 |
209.026 |
199.787 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
131.812 |
164.647 |
210.977 |
|
(b) Deferred tax liabilities (Net) |
8.307 |
8.991 |
8.921 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
140.119 |
173.638 |
219.898 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
127.343 |
112.758 |
138.289 |
|
(b) Trade
payables |
35.225 |
28.834 |
34.570 |
|
(c) Other
current liabilities |
11.950 |
1.709 |
1.702 |
|
(d) Short-term
provisions |
0.945 |
2.562 |
1.530 |
|
Total Current
Liabilities (4) |
175.463 |
145.863 |
176.091 |
|
|
|
|
|
|
TOTAL |
527.230 |
528.527 |
595.776 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
315.473 |
351.461 |
390.966 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.249 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.106 |
6.008 |
4.502 |
|
(e) Other
Non-current assets |
21.627 |
19.879 |
22.449 |
|
Total Non-Current
Assets |
343.206 |
377.597 |
417.917 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
119.385 |
100.769 |
88.696 |
|
(c) Trade
receivables |
30.795 |
24.248 |
59.760 |
|
(d) Cash
and cash equivalents |
5.740 |
19.805 |
18.872 |
|
(e)
Short-term loans and advances |
6.605 |
2.637 |
8.388 |
|
(f) Other
current assets |
1.499 |
3.471 |
2.143 |
|
Total
Current Assets |
164.024 |
150.930 |
177.859 |
|
|
|
|
|
|
TOTAL |
507.230 |
528.527 |
595.776 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
363.637 |
414.374 |
313.012 |
|
|
|
Other Income |
3.001 |
12.768 |
2.497 |
|
|
|
TOTAL |
366.638 |
427.142 |
315.509 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
263.888 |
295.808 |
227.549 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(3.441) |
(7.495) |
(9.082) |
|
|
|
Employee Benefits Expenses |
15.670 |
18.084 |
18.973 |
|
|
|
Other Expenses |
24.019 |
28.827 |
24.106 |
|
|
|
TOTAL |
300.136 |
335.224 |
261.546 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
66.502 |
91.918 |
53.963 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
29.669 |
40.962 |
33.283 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
36.833 |
50.956 |
20.680 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
36.590 |
39.830 |
30.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
0.243 |
11.126 |
(9.806) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.684) |
1.887 |
3.947 |
|
|
|
|
|
|
|
|
|
Add / Less |
PRIOR PERIOD
ITEMS |
0.122 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add / Less |
MAT CREDIT
ENTITLEMENT FOR THE YEAR 2012-13 |
1.817 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
2.622 |
9.239 |
(13.753) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
75.294 |
66.055 |
79.808 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
77.916 |
75.294 |
66.055 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.28 |
1.00 |
(0.15) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.72 |
2.23 |
(4.39) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
18.29 |
22.18 |
17.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.05 |
2.11 |
(1.65) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.05 |
(0.05) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.22 |
1.33 |
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
1.03 |
1.01 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
92.364 |
92.364 |
92.364 |
|
Reserves & Surplus |
107.423 |
116.662 |
119.284 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
199.787 |
209.026 |
211.648 |
|
|
|
|
|
|
Long Term borrowings |
210.977 |
164.647 |
131.812 |
|
Short Term borrowings |
138.289 |
112.758 |
127.343 |
|
Total
borrowings |
349.266 |
277.405 |
259.155 |
|
Debt/Equity
ratio |
1.748 |
1.327 |
1.224 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
313.012 |
414.374 |
363.637 |
|
|
|
32.383 |
(12.244) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
313.012 |
414.374 |
363.637 |
|
Profit |
(13.753) |
9.239 |
2.622 |
|
|
(4.39%) |
2.23% |
0.72% |
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 |
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 |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
From Others |
1.767 |
7.918 |
|
SHORT TERM BORROWINGS |
|
|
|
From
directors |
30.370 |
14.790 |
|
From others |
3.316 |
3.316 |
|
Total |
35.453 |
26.024 |
FINANCIALS
During the year the Company has registered a total Income of Rs.366.638 Million as against Rs.427.142 Million for the previous year. The Company has ended with a Profit of Rs.2.622 Million as against the profit of Rs.9.239 Million for the previous year.
AMALGAMATION
WITH SNC FOODS PRIVATE LIMITED (AS ON 31.03.2013)
During the year 2011- 2012, SNC Foods Private Limited was in the process of amalgamation with the Company and Board of Directors of the company have approved the swap ratio of one fully paid equity share of f10/- each of the Company for every three equity shares of Rs.10/- each of M/s. SNC Foods Private Limited. The said process, the Hon'ble High Court of Andhra Pradesh has dispensed the meeting of shareholder as on 29th June 2012 to seek their consent on the said amalgamation and arrangement the court ordered for amalgamation on 13" March 2013. Further the copy of the order has been filed with Registrar of Companies, Hyderabad, Andhra Pradesh.
The rationale for the Merger is that as both the Companies are in similar businesses there is likelihood for better performance.
Further the Financials of the subject, considering the amalgamation with SNC Foods Private Limited have been restated and effected in the current financial year 2012-13
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10480557 |
06/01/2014 |
258,900,000.00 |
State Bank Of India |
Commercial Branch-4246,5-8-16(4), B.M. Apartment, Ramakurivari Street, Santhpet, Ongole, Andhra Pradesh - 523001, India |
B97573893 |
|
2 |
10269038 |
25/02/2013 * |
90,000,000.00 |
State Bank Of India |
Commercial Branch, Ongole, Andhra Pradesh - 523001, India |
B71242267 |
|
3 |
10205178 |
25/02/2013 * |
142,500,000.00 |
State Bank Of India |
Commercial Branch, Ongole, Andhra Pradesh - 523001, India |
B71242549 |
|
4 |
10153304 |
03/05/2010 * |
70,200,000.00 |
State Bank Of India |
Commercial Branch, 4246, 58-8-169(4), B.M. Apartment, Ramakurivari Street, Santhpet, Ongole, Andhra Pradesh - 523001, India |
A88104708 |
|
5 |
90126551 |
20/01/2009 * |
158,500,000.00 |
Indian Renewable Energy Development Agency Limited |
India Habitat Centre1st Floor East Court Core, 4 A Lodhi Road, New Delhi, Delhi - 110003, India |
A55145239 |
*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.62.59 |
|
UK Pound |
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
30 |
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.