MIRA INFORM REPORT
|
Report No. : |
354918 |
|
Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
GKC PROJECTS LIMITED (w.e.f.13.03.2008) |
|
|
|
|
Formerly Known
As : |
GKC PROJECTS PRIVATE LIMITED (w.e.f.16.02.2008) GOKULKRISHNA CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sy. No. 9 (P), CII Green Building Lane, HITEC City, Kondapur,
Hyderabad – 500084, Telangana |
|
Tel. No.: |
91-40-44554545 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
05.04.2004 |
|
|
|
|
Com. Reg. No.: |
043015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 270.426 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200TG2004PLC043015 |
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|
|
|
IEC No.: |
0906012473 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG1395F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in the business of infrastructure development and execution of Engineering, Procurement, Construction and Commissioning (EPCC) and Lump Sum Turnkey (LSTK) facilities in various infrastructure Projects like irrigation and water supply, roads, bridges, industrial structures, power infra, mining etc. (Registered Activity) |
|
|
|
|
No. of Employees
: |
3000 (776 Permanent and 2224 Contract) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 2004 having
moderate track record. The company is incurring heavy losses from its operational activities. The rating also takes into consideration company’s delay in payment of
interest on its bank loans. The delays have been caused by the recent stress
in the company’s liquidity position. The rating is further constrained by intense competition in the
infrastructure and construction industry. However, business is active. Payment terms are reported as slow and
delayed. The company can be considered for business dealings on safe and secured
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 Rating = D |
|
Rating Explanation |
The company is in default or expected to be
in default soon. |
|
Date |
July 07, 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
31-03-2015.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Mohan Reddy |
|
Designation : |
Senior Finance Manager |
|
Contact No.: |
91-40-44554545 |
|
Date : |
15.12.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
Sy. No. 9 (P), CII Green Building Lane, HITEC City, Kondapur,
Hyderabad – 500084, Telangana, India |
|
Tel. No.: |
91-40-44554545 |
|
Mobile No.: |
91-9908622811 (Mr. Reddy) |
|
Fax No.: |
91-40-44554555 |
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E-Mail : |
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|
Website : |
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|
Area : |
5000 Sq. ft. |
|
Location : |
Leased |
|
Locality : |
Commercial |
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|
|
|
Site Address : |
Opposite AIIMS, Ring Road East, Kidwai Nagar, New Delhi – 110023,
India |
DIRECTORS
AS ON 25.07.2014
|
Name : |
Kolli Venkata Raja Sekhar |
|
Designation : |
Managing director |
|
Address : |
Villa No. 178, Indu Fortune Fields, Kphb Colony, Hyderabad - 500072, Telangana, India |
|
Date of Birth/Age : |
30.08.1968 |
|
Date of Appointment : |
05.04.2004 |
|
PAN No.: |
AFQPK6481A |
|
DIN No.: |
01234924 |
|
|
|
|
Name : |
Ramaraghavulu Pujari |
|
Designation : |
Director |
|
Address : |
8-2-601/1/E Road No 10, Banjara Hills, Hyderabad - 500034,
Telangana, India |
|
Date of Birth/Age : |
01.07.1954 |
|
Date of Appointment : |
27.05.2009 |
|
DIN No.: |
00018994 |
|
|
|
|
Name : |
Sitarama Murthy Mandavilli |
|
Designation : |
Director |
|
Address : |
F.No.401, Siva Sai Apts, Road No.9, West Marredpally,
Secunderabad - 500003, Andhra Pradesh, India |
|
Date of Birth/Age : |
19.12.1943 |
|
Date of Appointment : |
05.03.2009 |
|
DIN No.: |
01694236 |
|
|
|
|
Name : |
Deepa Valangaiman Sankaran |
|
Designation : |
Director |
|
Address : |
Flat No. 302, Embassy Habitat, 59 Palace Road, Ward No.
78, Bangalore - 560052, Karnataka, India |
|
Date of Birth/Age : |
17.11.1968 |
|
Date of Appointment : |
23.12.2009 |
|
DIN No.: |
01803254 |
|
|
|
|
Name : |
Anupama Kolli |
|
Designation : |
Whole-time director |
|
Address : |
Villa No.178, 13th Phase, KPHB Colony Indu Fortune,
Kukatpally, Ranga Reddy - 500072, Telangana, India |
|
Date of Birth/Age : |
29.12.1976 |
|
Date of Appointment : |
05.04.2004 |
|
PAN No.: |
AAVPV4873H |
|
DIN No.: |
01811482 |
|
|
|
|
Name : |
Vemuri Ram Koteshwar |
|
Designation : |
Whole-time director |
|
Address : |
Villa No. 223, Indu Fortune Fields, 13th Phase KPHB,
Colony, Kukatpally Balanagar, Rangareddy - 500085, Telangana, India |
|
Date of Birth/Age : |
26.04.1972 |
|
Date of Appointment : |
02.03.2007 |
|
PAN No.: |
AHMPK7596G |
|
DIN No.: |
01974950 |
KEY EXECUTIVES
|
Name : |
Mr. Mohan Reddy |
|
Designation : |
Senior Finance Manager |
|
|
|
|
Name : |
Mr. Sriniwas Arun Yayavaram |
|
Designation : |
Secretary |
|
Address : |
Quarter No. 2112D, Bhel Township, Ramchandrapuram, Hyderabad
- 500032, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.10.1977 |
|
Date of Appointment : |
11.02.2008 |
|
PAN No.: |
ABOPY3968J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Equity Shareholders |
|
No. of Shares |
|
K V Raja Sekhar |
|
9265000 |
|
K Anupama |
|
2250000 |
|
V Ram Koteshwar |
|
3000000 |
|
V Vinod Kumar |
|
202500 |
|
Amit Dinkar Kamat |
|
37500 |
|
K Venkateswarlu |
|
60000 |
|
A Susheela |
|
50000 |
|
V Sreelakshmi |
|
50000 |
|
R R Pujari |
|
10000 |
|
M Sitarama Murty |
|
5000 |
|
P Viswanadh |
|
20000 |
|
K Nageswara Rao |
|
20000 |
|
Y Sriniwas Arun |
|
5000 |
|
K Narendra Babu |
|
10000 |
|
N Ramakrishna |
|
10000 |
|
M Sateesh |
|
5000 |
|
Franklin Templeton Asset Management (India) Private Limited, India |
|
100 |
|
M K Proventures Private Limited, India |
|
2042500 |
|
|
|
|
|
Total |
|
17042600 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Franklin Templeton Asset Management (India) Private Limited, India |
|
9966672 |
|
K Anupama |
|
8316 |
|
Arun Agarwal, Madhu Agarwal and Amit Agarwal |
|
6545 |
|
Suresh Kumar Champaklal Jain |
|
4913 |
|
Rajnish Dhaka |
|
6986 |
|
Aniruddha Guharoy (Guharoy and Associates) |
|
6568 |
|
|
|
|
|
Total |
|
10000000 |
AS ON 25.07.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
99.00 |
|
Other
top fifty shareholders |
1.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of infrastructure development and execution of Engineering, Procurement, Construction and Commissioning (EPCC) and Lump Sum Turnkey (LSTK) facilities in various infrastructure Projects like irrigation and water supply, roads, bridges, industrial structures, power infra, mining etc. (Registered Activity) |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
3000 (776 Permanent and 2224 Contract) (Approximately) |
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Bankers : |
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Financial Institutions : |
· Tata Capital Financial Services Limited · SBICAP Trustee Company Limited |
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Auditors 1 : |
|
|
Name : |
SR Batliboi and Associates LLP Chartered Accountants |
|
Address : |
The Oval Office, 18 ILABS Center, Hitec City, Madhapur, Hyderabad, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFM9052A |
|
|
|
|
Auditors 2 : |
|
|
Name : |
Manohar Chowdhry and Associates Chartered Accountants |
|
Address : |
204A, Concourse Complex, Opposite Lal Bangalow, Green Lands Road, Ameerpet, Hyderabad, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company
: [As on 31.03.2014] |
· Bidar Solar Power Private Limited [U40108TG2012PTC081657] · GKC Projects (Zambia) Limited · Sindhanur Gangavathi Tollway Private Limited (U45209TG2012PTC081923) · GKC Infra Holdings Private Limited (U45200TG2010PTC067769) · GKC Projects LLC Oman |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : [As on 31.03.2014] |
Hyderabad-Yadgiri Tollway Private Limited [U45203GJ2010PTC059262] |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 270.426 Million
AFTER 25.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18,010,000 |
Equity Shares |
Rs. 10/- each |
Rs. 180.100 Million |
|
10,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 100.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 280.100
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17,042,600 |
Equity Shares |
Rs. 10/- each |
Rs. 170.426
Million |
|
10,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 100.000
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 270.426 Million |
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
270.426 |
250.001 |
250.001 |
|
(b) Reserves & Surplus |
950.711 |
2011.423 |
2779.775 |
|
(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) |
1221.137 |
2261.424 |
3029.776 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
4375.520 |
312.567 |
332.314 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
55.276 |
|
(c)
Other long term liabilities |
1637.699 |
1713.549 |
319.001 |
|
(d)
long-term provisions |
0.000 |
4.034 |
2.202 |
|
Total
Non-current Liabilities (3) |
6013.219 |
2030.150 |
708.793 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
3463.806 |
4874.417 |
4190.225 |
|
(b)
Trade payables |
1558.048 |
2049.900 |
1624.285 |
|
(c)
Other current liabilities |
1828.097 |
1900.661 |
1667.725 |
|
(d)
Short-term provisions |
59.955 |
25.807 |
15.407 |
|
Total
Current Liabilities (4) |
6909.906 |
8850.785 |
7497.642 |
|
|
|
|
|
|
TOTAL |
14144.262 |
13142.359 |
11236.211 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1756.460 |
1799.726 |
2087.472 |
|
(ii)
Intangible Assets |
12.995 |
17.247 |
18.320 |
|
(iii)
Capital work-in-progress |
1.429 |
331.585 |
9.951 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
318.637 |
168.933 |
100.583 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1148.725 |
1527.172 |
604.893 |
|
(e)
Other Non-current assets |
1640.720 |
1839.911 |
630.234 |
|
Total
Non-Current Assets |
4878.966 |
5684.574 |
3451.453 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
629.997 |
889.857 |
770.286 |
|
(c)
Trade receivables |
1008.420 |
1379.088 |
1679.853 |
|
(d)
Cash and cash equivalents |
1218.871 |
546.669 |
263.325 |
|
(e)
Short-term loans and advances |
470.261 |
515.548 |
373.820 |
|
(f)
Other current assets |
5937.747 |
4126.623 |
4697.474 |
|
Total
Current Assets |
9265.296 |
7457.785 |
7784.758 |
|
|
|
|
|
|
TOTAL |
14144.262 |
13142.359 |
11236.211 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
7556.072 |
7532.849 |
10870.701 |
|
|
|
Other Income |
115.208 |
75.015 |
71.478 |
|
|
|
TOTAL (A) |
7671.280 |
7607.864 |
10942.179 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
4005.906 |
3848.720 |
4337.824 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
76.402 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.000 |
(465.030) |
0.000 |
|
|
|
Sub-Contract Expenses |
1615.520 |
2085.751 |
0.000 |
|
|
|
Employees benefits expense |
348.591 |
409.482 |
440.713 |
|
|
|
Exceptional Items |
326.740 |
0.000 |
0.000 |
|
|
|
Other expenses |
1215.886 |
1239.021 |
4777.653 |
|
|
|
TOTAL (B) |
7512.643 |
7194.346 |
9556.190 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
158.637 |
413.518 |
1385.989 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1187.061 |
844.323 |
747.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(1028.424) |
(430.805) |
638.479 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
345.573 |
374.731 |
380.589 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(1373.997) |
(805.536) |
257.890 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(8.135) |
(33.033) |
(5.710) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(1365.862) |
(772.503) |
263.600 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(88.85) |
(51.50) |
17.57 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
208.729 |
406.414 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
1044.581 |
1030.593 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(18.08) |
(10.26) |
2.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.10 |
5.49 |
12.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(9.94) |
(6.37) |
2.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.13) |
(0.36) |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.42 |
2.39 |
1.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
0.84 |
1.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
250.001 |
250.001 |
270.426 |
|
Reserves & Surplus |
2779.775 |
2011.423 |
950.711 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3029.776 |
2261.424 |
1221.137 |
|
|
|
|
|
|
Long-term borrowings |
332.314 |
312.567 |
4375.520 |
|
Short term borrowings |
4190.225 |
4874.417 |
3463.806 |
|
Total
borrowings |
4928.953 |
5395.713 |
7839.326 |
|
Debt/Equity ratio |
1.627 |
2.386 |
6.420 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
10870.701 |
7532.849 |
7556.072 |
|
|
|
-30.705 |
0.308 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
10870.701 |
7532.849 |
7556.072 |
|
Profit |
263.600 |
-772.503 |
-1365.862 |
|
|
2.42% |
-10.26% |
-18.08% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
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 |
10539639 |
25/06/2015 * |
21,539,400,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER TOWER E,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C57747321 |
|
2 |
10465933 |
30/10/2013 |
26,631,000.00 |
RELIANCE CAPITAL
LIMITED |
1ST FLOOR, H
BLOCK,, DHIRUBHAI AMBANI KNOWLEDGE CITY, NAVI MUMBAI, MAHARASHTRA - 400710,
INDIA |
B91876292 |
|
3 |
10461494 |
25/10/2013 |
760,000,000.00 |
INDIAN OVERSEAS
BANK |
8-2-12-/117/S-1,
1ST FLOOR, PUNNAIAH PLAZA, ROAD NO. 2, NEAR JUBILEE HILLS CHECK POST,
HYDERABAD, |
B90043019 |
|
4 |
10458928 |
15/10/2013 |
250,000,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES, DR.
V.B. GANDHI MARG, FORT, MUMBAI, |
B89049126 |
|
5 |
10348228 |
06/04/2012 |
86,590,584.00 |
MAGMA FINCORP
LIMITED |
MAGMA HOUSE, 24
PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B37154507 |
|
6 |
10348321 |
06/04/2012 |
72,729,565.00 |
MAGMA FINCORP
LIMITED |
MAGMA HOUSE, 24
PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B37156866 |
|
7 |
10311227 |
29/09/2011 |
5,872,800.00 |
ICICI BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B22958912 |
|
8 |
10301016 |
21/03/2012 * |
225,000,000.00 |
STANDARD CHARTERED
BANK |
6-3-1090, RAJ
BHAVAN ROAD,, SOMAJIGUDA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA |
B35621044 |
|
9 |
10269966 |
14/02/2011 |
11,341,419.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B07540412 |
|
10 |
10267397 |
31/12/2010 |
4,691,563.00 |
L & T FINANCE
LIMITED |
L & T HOUSE,
BALLARD ESTATE, MUMBAI, MAHARASHTRA |
B05877782 |
|
11 |
10267407 |
29/12/2010 |
6,102,000.00 |
L & T FINANCE
LIMITED |
L & T HOUSE,
BALLARD ESTATE, MUMBAI, MAHARASHTRA |
B05878244 |
|
12 |
10259855 |
14/12/2010 |
7,739,203.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA - 411035, INDIA |
B02790871 |
|
13 |
10232643 |
21/07/2010 |
18,955,181.00 |
BAJAJ AUTO FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
A90761925 |
|
14 |
10228374 |
13/10/2010 * |
233,190,000.00 |
STANDARD CHARTERED
BANK |
6-3-1090, RAJ
BHAVAN ROAD, SOMAJIGUDA, HYDERABAD, |
A95982914 |
|
15 |
10089626 |
08/06/2013 * |
18,262,000,000.00 |
STATE BANK OF
INDIA |
CORPORATE ACCOUNTS
GROUP, OZONE, 2ND FLOOR, # 6-3-669, PUNJAGUTTA MAIN ROAD, HYDERABAD, ANDHRA
PRADESH - 500082, INDIA |
B78847431 |
* Date of charge modification
CHANGE OF ADDRESS:
The Registered Office of the Company has been shifted from Sy. No. 9 (P),
Hitec City, CII Green Building Lane, Kondapur, Hyderabad – 500084, Andhra
Pradesh, India to the present address w.e.f.13.09.2011.
CORPORATE INFORMATION
(AS ON 31.03.2014)
GKC Projects Limited (the Company) is a public limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the business of infrastructure development and execution of Engineering, Procurement, Construction and Commissioning (EPCC) and Lump Sum Turnkey (LSTK) facilities in various infrastructure Projects like irrigation and water supply, roads, bridges, industrial structures, power infra, mining etc. for Central / State Governments, other local bodies and private sector in the country.
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. 66.65 |
|
|
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 72.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
18 |
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.