MIRA INFORM REPORT
|
Report No. : |
334279 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SYMED LABS LIMITED |
|
|
|
|
Formerly Known
As : |
SYMED LABS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-2-293/174/3, 4th Floor, Road No.14, B.N. Reddy Colony, Banjara Hills, Hyderabad – 500034, Telangana |
|
Tel. No.: |
Not Available |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.08.1998 |
|
|
|
|
Com. Reg. No.: |
01-029961 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.301
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231AP1998PLC029961 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS03532E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS5186M |
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|
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Manufacturer of Active Pharmaceutical Ingredients (API) |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4000000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is a well-established company having fine track record,
incorporated during the year 1998. In the view of financials of the FY-2014, the company has strong
financial position marked by top line growth of 17.9% along with healthy
sales turnover and profitability margin of 10.49%. Further, the company has established market position backed by comfortable
financial risk profile marked by decent net worth position of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitments. In view of strong financial risk profile, 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CRISIL |
|
Rating |
Long Term bank
Loan Facilities = BBB+ |
|
Rating Explanation |
Moderate degree
of safety and moderate credit risk. |
|
Date |
23.06.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Bank
Facilities = A2 |
|
Rating Explanation |
Strong degree of
safety and low credit risk. |
|
Date |
23.06.2015 |
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
31-03-2013.
LOCATIONS
|
Registered Office : |
8-2-293/174/3, 4th Floor, Road No.14, B.N. Reddy Colony, Banjara Hills, Hyderabad – 500034, Telangana, India |
|
Tel. No.: |
91-40-23708103/ 23812650/ 23704923/ 24 |
|
Fax No.: |
91-40-23708103 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Factory 1 : |
Domadugu Village, Jinnaram
Mandal, Medak District – 502 313, Andhra Pradesh, India |
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|
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|
Factory 2 : |
Plot No.25/B, Phase –
III, IDA, Jeedimetla, Hyderabad – 500 055, Andhra Pradesh, India |
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|
Factory 3 : |
Plot No.19 and 20, Phase –
I, IDA, Jeedimetla, Hyderabad - 500 055, Andhra Pradesh, India |
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|
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|
Wind Power Plant : |
SF Nos.65, 91, 1102/2,
Taluka: Bhachu, Kutch District, Gujarat, India |
|
|
|
|
Branch Office 1 : |
214, Somdutt Chamber - 2, Bhikaji Cama Place, New Delhi – 110 066,
India |
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|
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|
Branch Office 2 : |
No.30/6, Cathedral Garden Lane, Kodambakkam High Road, Nungambakkam,
Chennai – 600 034, Tamilnadu, India |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Dr. Mohana Rao Dodda |
|
Designation : |
Managing Director |
|
Address : |
H. No.21, Madhuranagar Colony, S.R. Nagar, Hyderabad – 500 038, Andhra
Pradesh, India |
|
Date of Birth/Age : |
11.04.1958 |
|
Qualification : |
M Sc., Ph. D. |
|
Experience : |
30 Years |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00126836 |
|
PAN No.: |
ADSPD2583L |
|
|
|
|
Name : |
Dr. Bandi Partha Saradhi Reddy |
|
Designation : |
Director |
|
Address : |
Plot No.389, Road No.22/B, Jubilee Hills, Check Post, Madhapur Road,
Hyderabad – 500 033, Andhra Pradesh, India |
|
Date of Birth/Age : |
06.03.1954 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
00015899 |
|
PAN No.: |
AABPD7067K |
|
|
|
|
Name : |
Mr. Vamsikrishna Bandi |
|
Designation : |
Director |
|
Address : |
Plot No.389, Road No.22/B, Jubilee Hills, Check Post, Madhapur Road,
Hyderabad – 500 033, Andhra Pradesh, India |
|
Date of Birth/Age : |
31.07.1983 |
|
Qualification : |
M.S. Chemical |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
01014619 |
|
PAN No.: |
AIPPB1881R |
|
|
|
|
Name : |
Mr. Nandachary Mudumbi |
|
Designation : |
Whole-time Director |
|
Address : |
8-5-222/ B/26(401), E 10,11 Vengal Rao Nagar, Erragadda, Hyderabad – 500
038, Andhra Pradesh, India |
|
Date of Birth/Age : |
23.02.1956 |
|
Qualification : |
EE Chemical |
|
Date of Appointment : |
24.09.2012 |
|
DIN No.: |
02714333 |
MAJOR SHAREHOLDERS
AS ON 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mohan Rao Dodda |
|
245000 |
|
A.V. Narasa Reddy |
|
100 |
|
D. Vandana |
|
110000 |
|
D. Spandana |
|
110000 |
|
Bandis Investments Private Limited, India |
|
180000 |
|
Bandi Partha Saradhi Reddy |
|
120000 |
|
M. Krishna Sindhuri |
|
92500 |
|
B. Kalavathi |
|
40000 |
|
Vamsikrishna Bandi |
|
32500 |
|
Total |
|
930100 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2014
|
Category |
Percentage |
|
Bodies corporate |
19.35 |
|
Directors or relatives of Directors |
80.64 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Active Pharmaceutical Ingredients (APIf) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
M.V. Narayana Reddy and Company Chartered Accountants |
|
Address : |
504, Vijayasree Apartments, Behind Chermas, Ameerpet, Hyderabad – 500 073 Andhra Pradesh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFM4830F |
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|
|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
930100 |
Equity Shares |
Rs.10/- each |
Rs.9.301
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 |
9.301 |
9.301 |
9.301 |
|
(b) Reserves &
Surplus |
1268.153 |
1109.298 |
979.582 |
|
(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) |
1277.454 |
1118.599 |
988.883 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
61.250 |
162.917 |
237.917 |
|
(b) Deferred tax
liabilities (Net) |
204.753 |
185.647 |
121.347 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.169 |
3.570 |
2.767 |
|
Total Non-current
Liabilities (3) |
270.172 |
352.134 |
362.031 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
467.211 |
368.013 |
451.188 |
|
(b) Trade payables |
281.283 |
227.875 |
214.33 |
|
(c) Other current
liabilities |
254.976 |
198.075 |
282.516 |
|
(d) Short-term provisions |
32.523 |
18.588 |
65.543 |
|
Total Current Liabilities
(4) |
1035.993 |
812.551 |
1013.577 |
|
|
|
|
|
|
TOTAL |
2583.619 |
2283.284 |
2364.491 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1121.601 |
1000.202 |
1080.182 |
|
(ii) Intangible Assets |
5.877 |
0.305 |
0.029 |
|
(iii) Capital
work-in-progress |
75.980 |
2.287 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
29.123 |
29.123 |
28.675 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.0000 |
|
(d) Long-term Loan and Advances |
155.494 |
136.376 |
145.088 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.0000 |
|
Total Non-Current Assets |
1388.075 |
1168.293 |
1253.974 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
412.857 |
357.108 |
331.816 |
|
(c) Trade receivables |
605.662 |
624.644 |
507.695 |
|
(d) Cash and cash
equivalents |
16.974 |
58.101 |
193.487 |
|
(e) Short-term loans and
advances |
39.081 |
11.039 |
10.809 |
|
(f) Other current assets |
120.970 |
64.099 |
66.710 |
|
Total Current Assets |
1195.544 |
1114.991 |
1110.517 |
|
|
|
|
|
|
TOTAL |
2583.619 |
2283.284 |
2364.491 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2015.237 |
1708.211 |
1310.946 |
|
|
Other Income |
19.145 |
19.884 |
13.121 |
|
|
TOTAL (A) |
2034.382 |
1728.095 |
1324.067 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1093.234 |
892.265 |
721.594 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(8.220) |
(30.296) |
(13.173) |
|
|
Employees benefits
expense |
103.935 |
105.919 |
87.524 |
|
|
Other expenses |
420.175 |
360.797 |
229.142 |
|
|
TOTAL (B) |
1609.124 |
1328.685 |
1025.087 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
425.258 |
399.410 |
298.980 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
90.675 |
91.816 |
33.191 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
334.583 |
307.594 |
265.789 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
54.413 |
57.189 |
32.642 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
280.170 |
250.405 |
233.147 |
|
|
|
|
|
|
|
Less |
TAX (H) |
77.788 |
115.284 |
107.832 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
202.382 |
135.121 |
125.315 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
532.605 |
417.62 |
|
|
TOTAL EARNINGS |
NA |
532.605 |
417.620 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
294.775 |
226.467 |
|
|
Capital Goods |
NA |
12.715 |
4.937 |
|
|
TOTAL IMPORTS |
NA |
307.490 |
231.404 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
218.00 |
145.00 |
135.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
88.333 |
88.333 |
62.193 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
161.787 |
290.735 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.04 |
7.91 |
9.56 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
21.10 |
23.38 |
22.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.30 |
11.12 |
9.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.22 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.48 |
0.55 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.37 |
1.10 |
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 |
9.301 |
9.301 |
9.301 |
|
Reserves & Surplus |
979.582 |
1109.298 |
1268.153 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
988.883 |
1118.599 |
1277.454 |
|
|
|
|
|
|
long-term borrowings |
237.917 |
162.917 |
61.250 |
|
Short term borrowings |
451.188 |
368.013 |
467.211 |
|
Current maturities of
long-term debts |
62.193 |
88.333 |
88.333 |
|
Total borrowings |
751.298 |
619.263 |
616.794 |
|
Debt/Equity ratio |
0.760 |
0.554 |
0.483 |
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 |
1310.946 |
1708.211 |
2015.237 |
|
|
|
30.304 |
17.974 |
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 |
1310.946 |
1708.211 |
2015.237 |
|
Profit |
125.315 |
135.121 |
202.382 |
|
|
9.56% |
7.91% |
10.04% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10434059 |
02/04/2015 * |
57,500,000.00 |
STATE BANK OF MYSORE |
RASMECCCC, 2-1-340/16, FIRST FLOOR,,
SAI TARA TOWERS, NALLAKUNTA CHOWRASTA, HYDERABAD, TELANGANA - |
C54038351 |
|
2 |
10317507 |
27/09/2011 |
20,000,000.00 |
ANDHRA BANK |
SPECIALISED CORPORATE FINANCE BRANCH, PADMAJA LAND MARK, SOMAJIGUDA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA |
B25241464 |
|
3 |
10290841 |
06/05/2011 |
30,000,000.00 |
ANDHRA BANK |
SPECIALISED CORPORATE FINANCE
BRANCH, 3RD FLOOR, |
B14519151 |
|
4 |
10137947 |
12/12/2008 |
48,900,000.00 |
ANDHRA BANK |
SPECILAISED CORPORATE FINANCE
BRANCH, PADMAJALAND |
A54565908 |
|
5 |
10063091 |
23/04/2014 * |
1,273,600,000.00 |
ANDHRA BANK |
"THE BELVEDERE, 6-3-891 AND
892,, RAJBHAVAN ROAD, S |
C06240220 |
|
6 |
90127873 |
13/11/2007 * |
134,000,000.00 |
ANDHRA BANK |
SPECIALISED CORRPORATE FINANCE
BRANCH,3RD FLOOR, |
A29721917 |
* Date of charge modification
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Computers
·
Vehicles
·
Office Equipment
Intangible Assets
·
Computer Software
·
Copyrights, patents and other operating rights
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.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.