MIRA INFORM REPORT
|
Report No. : |
356802 |
|
Report Date : |
24.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CTRL S DATACENTERS LIMITED |
|
|
|
|
Registered
Office : |
Ground Floor, Pioneer towers, Plot No.16, Software Units Layout, Madhapur,
Hyderabad – 500081, Telangana |
|
Tel. No.: |
91-40-44599999 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.10.2007 |
|
|
|
|
Com. Reg. No.: |
36-056007 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.479 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200TG2007PLC056007 |
|
|
|
|
IEC No.: |
0908000677 |
|
|
|
|
TIN No.: |
28662119493 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCC1951A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing data center solutions.it provides colocation
services and managed services [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
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 6500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2007 and it is engaged in
providing data center solutions.it provides colocation services and managed
services primarily to enterprises in the banking and financial services
sector. It is an established company having satisfactory track record. As per Registrar of Companies, the date of balance sheet [i.e.
financial field] is shown as 31.03.2015 but the documents related to the
financials are not available from any source. However, as per 2014 financial, the company possesses sound financial
profile marked by good profit margins, healthy networth base and strong debt
coverage indicators. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. In view of aforesaid, the company can be considered for 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 – 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 |
India Ratings and Research |
|
Rating |
Long Term Bank Facilities = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
07.05.2014 |
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 DENIED
MANAGEMENT NON CO-OPERATIVE [91-40-44599999]
LOCATIONS
|
Registered Office : |
Ground Floor, Pioneer towers, Plot No.16, Software Units Layout,
Madhapur, Hyderabad – 500081, Telangana, India |
|
Tel. No.: |
91-40-23112424 / 30580600 / 42030700 |
|
Mobile No.: |
91-9963029265 (Mr. Kumar) |
|
Fax No.: |
91-40-23116055 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Office No. 106, Level 01, 3 Trade Center, Bandra East, Bandra Kurla
Complex, Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-27610772 / 27610779 / 27610778 |
|
|
|
|
Branch Office : |
3rd Floor, EL-72/1A, TTC Industrial Area, MIDC, Mahape, Navi Mumbai - 400701 , India |
|
Tel. No.: |
91-22-66328000 |
|
Fax No.: |
91-22-66328985 |
|
|
|
|
Branch Offices : |
Also Located At
|
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Pinnapureddy Sridhar Reddy |
|
Designation : |
Managing Director |
|
Address : |
8-2-269 / 4, Road No.02, Banjara Hills, Hyderabad – 500024, Telangana
, India |
|
Date of Birth/Age : |
23.04.1972 |
|
Date of Appointment : |
22.07.2013 |
|
Qualification : |
Bachelor of Engineering |
|
DIN No.: |
0016109 |
|
PAN No.: |
AGFPP2118R |
|
|
|
|
Name : |
Mr. Busireddy Prabhakar Reddy |
|
Designation : |
Director |
|
Address : |
2-2-20 / B/ 9, DD Colony, Bagh Amberpet, Hyderabad – 500024, Telangana
, India |
|
Date of Birth/Age : |
27.02.1952 |
|
Qualification : |
Bachelor of Technology |
|
Date of Appointment : |
18.10.2007 |
|
DIN No.: |
00030500 |
|
|
|
|
Name : |
Mr. Pinnapureddy Mohan Reddy |
|
Designation : |
Additional director |
|
Address : |
|
|
Date of Birth/Age : |
03.07.1936 |
|
Date of Appointment : |
20.12.2011 |
|
DIN No.: |
01537845 |
|
|
|
|
Name : |
Madduri Anand Balakrishna |
|
Designation : |
Additional director |
|
Address : |
FTC – 11 / F,
branksome, Grande,
3 Tregunter Path, Mid-Level, Hong Kong |
|
Date of Birth/Age : |
11.08.1972 |
|
Date of Appointment : |
01.07.2013 |
|
DIN No.: |
01038783 |
|
|
|
|
Name : |
Mr. Zoltan Varga |
|
Designation : |
Additional director |
|
Address : |
Chateau De Peak,
8 MT,
Kellett
Road, The Peak Hong Kong, China |
|
Date of Birth/Age : |
25.02.1974 |
|
Date of Appointment : |
22.10.2009 |
|
DIN No.: |
01336565 |
|
|
|
|
Name : |
Mr. Mark Schwartz |
|
Designation : |
Additional Director |
|
Address : |
425 East, 63rd Street,, Apartment E8J, New York - 10065, United States Of America |
|
Date of Appointment : |
06.10.2015 |
|
DIN No.: |
07296071 |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
P. Sridhar Reddy |
|
7872 |
|
B. Prabhakar Reddy |
|
1 |
|
M.V.V. Srinivasa Rao |
|
1 |
|
M. Shiva Senani |
|
1 |
|
G.S. Prasad Rao |
|
1 |
|
M. Kiran Kumar |
|
1 |
|
Nirmal Kumar |
|
1 |
|
Tier
IV Datacenters Limited |
|
220380 |
|
AMIF
Re Investments XI Limited |
|
143471 |
|
Total |
|
371729 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Tier
IV Datacenters Limited |
|
76190 |
|
Total |
|
76190 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
38.59 |
|
Bodies corporate |
59.30 |
|
Directors or relatives of Directors |
2.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing data center solutions.it provides
colocation services and managed services [Registered Activity] |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
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Facilities : |
Notes: Long Term Borrowings Security Details: Term loans Term loan from bank is secured by assignment of revenue from certain customers, first charge over Company assets other than assets exclusively charged for vehicle loan and short-term borrowings, both present and future Further the loan is guaranteed by one of the directors and Pioneer Elabs Limited. Vehicle loan Secured by charge over asset for which finance has been provided. b) Repayment and other terms of loans are as follows:
|
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Oval
Office, 18, ilabs Centre Hitech City, Madhapur, Hyderbad – 500081, India |
|
Tel. No.: |
91-40-67362000 |
|
Fax No.: |
91-40-67362200 |
|
PAN No.: |
AABFS3421N |
|
|
|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Holding Company : |
CIN No.: U74999TG2008PLC057981 |
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Enterprise exercising significant influence
: |
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|
|
|
|
Enterprises in which Key management
personnel has significant influence: |
CIN No.:
U72900TG1998PLC030728
CIN No.:
U72200TG2003PTC040445
CIN No.:
U22219TG2004PTC043030 |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Million |
|
500000 |
Preference Shares |
Rs.10/- each |
Rs.5.000 Million |
|
|
Total |
|
Rs.50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
371729 |
Equity Shares |
Rs.10/- each |
Rs.3.717
Million |
|
76190 |
Preference Shares |
Rs.10/- each |
Rs.0.762
Million |
|
|
Total |
|
Rs.4.479 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 |
4.479 |
4.135 |
3.793 |
|
(b) Reserves & Surplus |
2254.167 |
1377.671 |
868.675 |
|
(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) |
2258.646 |
1381.806 |
872.468 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1337.508 |
1435.948 |
1240.584 |
|
(b) Deferred tax liabilities (Net) |
98.213 |
28.733 |
21.296 |
|
(c) Other long term
liabilities |
22.836 |
13.887 |
18.420 |
|
(d) long-term
provisions |
6.870 |
4.665 |
2.342 |
|
Total Non-current
Liabilities (3) |
1465.427 |
1483.233 |
1282.642 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
68.490 |
72.419 |
0.000 |
|
(b) Trade
payables |
102.987 |
76.770 |
64.031 |
|
(c) Other current
liabilities |
349.811 |
262.050 |
460.288 |
|
(d) Short-term
provisions |
0.521 |
5.556 |
5.361 |
|
Total Current
Liabilities (4) |
521.809 |
416.795 |
529.680 |
|
|
|
|
|
|
TOTAL |
4245.882 |
3281.834 |
2684.790 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2479.141 |
2274.844 |
2113.467 |
|
(ii)
Intangible Assets |
41.291 |
14.039 |
8.065 |
|
(iii)
Capital work-in-progress |
368.427 |
178.670 |
6.653 |
|
(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 |
244.080 |
172.576 |
128.421 |
|
(e) Other Non-current
assets |
168.339 |
74.567 |
46.110 |
|
Total Non-Current
Assets |
3301.278 |
2714.696 |
2302.716 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
382.985 |
227.053 |
76.227 |
|
(d) Cash
and cash equivalents |
459.590 |
214.695 |
272.841 |
|
(e)
Short-term loans and advances |
36.498 |
79.438 |
16.273 |
|
(f) Other
current assets |
65.531 |
45.952 |
16.733 |
|
Total
Current Assets |
944.604 |
567.138 |
382.074 |
|
|
|
|
|
|
TOTAL |
4245.882 |
3281.834 |
2684.790 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1,222.777 |
832.063 |
430.533 |
|
|
|
|
Other Income |
42.868 |
19.149 |
26.544 |
|
|
|
|
TOTAL (A) |
1,265.645 |
851.212 |
457.077 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchases of Stock-in-Trade |
42.967 |
4.992 |
5.373 |
|
|
|
|
Employees benefits expense |
169.496 |
121.181 |
78.022 |
|
|
|
|
Other expenses |
490.140 |
372.820 |
213.681 |
|
|
|
|
Prior period items before tax |
0.000 |
(4.197) |
0.000 |
|
|
|
|
TOTAL (B) |
702.603 |
503.190 |
297.076 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
563.042 |
356.416 |
160.001 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
197.804 |
216.03 |
76.873 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
365.238 |
140.386 |
83.128 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
168.918 |
123.612 |
68.847 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
196.320 |
16.774 |
14.281 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
69.48 |
7.436 |
6.096 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
126.840 |
9.338 |
8.185 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
42.212 |
32.674 |
24.489 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
168.852 |
42.212 |
32.674 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
52.180 |
37.025 |
6.885 |
|
|
|
TOTAL EARNINGS |
52.180 |
37.025 |
6.885 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
56.386 |
9.172 |
10.304 |
|
|
|
|
Trading Goods |
0.000 |
3.168 |
0.000 |
|
|
|
TOTAL IMPORTS |
56.386 |
12.340 |
10.304 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
||
|
|
Basic |
358.21 |
29.33 |
27.00 |
||
|
|
Diluted
|
298.52 |
24.41 |
22.68 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
112.481 |
68.227 |
362.108 |
|
Cash generated from operations |
NA |
|
|
|
Net cash flows from (used in) operations |
419.752 |
183.195 |
172.344 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.37 |
1.12 |
1.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
46.05 |
42.84 |
37.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.06 |
0.54 |
0.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.67 |
1.14 |
1.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.81 |
1.36 |
0.72 |
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 |
3.793 |
4.135 |
4.479 |
|
Reserves & Surplus |
868.675 |
1377.671 |
2254.167 |
|
Net worth |
872.468 |
1381.806 |
2258.646 |
|
|
|
|
|
|
Long-term borrowings |
1240.584 |
1435.948 |
1337.508 |
|
Short term borrowings |
0.000 |
72.419 |
68.490 |
|
Current maturities of
long-term debts |
362.108 |
68.227 |
112.481 |
|
Total borrowings |
1602.692 |
1576.594 |
1518.479 |
|
Debt/Equity ratio |
1.837 |
1.141 |
0.672 |
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 |
430.533 |
832.063 |
1222.777 |
|
|
|
93.263 |
46.957 |
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 |
430.533 |
832.063 |
1222.777 |
|
Profit |
8.185 |
9.338 |
126.840 |
|
|
1.90% |
1.12% |
10.37% |
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 |
No |
|
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 |
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 |
Yes |
|
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 |
CORPORATE
INFORMATION
The Company is in the business of providing datacenter services for both primary as well as secondary storage of information.
REVIEW OF
PERFORMANCE:
During the year, the Company has registered a turnover of Rs.1265.645 Million against Rs.852.266 Million in the previous year. Earnings before Interest, Depreciation and tax (EBIDTA) of Rs.563.041 Million has been made during the year as against EBIDTA of Rs.352.219 Million in the previous year. This year to year increase in the turnover is 49% and EBIDTA is 60%.
FUTURE OUTLOOK
The Indian datacenter market continues to expand as more powerful technologies emerge, more people get connected to the internet, new cloud computing models are developed and an uncontrollable explosion of data takes place. At the backdrop of this all the need for new regulatory and compliance issues drive the requirement for further infrastructure growth.
According to the Datacenter Dynamics 2013-14 Annual Census, India is now the world's third largest internet user after US and China, with an estimated number of 151,598,994 users making it one the Hyper emerging Markets in the world. With white space expected to grow at 13%, power requirements are estimated to go up by 20% to 1,555,000 kw in 2014 from 1,30,000 kw in 2013. India will become one of the 5 largest datacenter markets in the world by 2050 and this presents a unique opportunity to the datacenter industry here. Validating this prediction we see a spiked demand for higher storage capacity, performance, connectivity and security. With BYOD, big data, and cloud becoming the norm in everyday life, data centers are under ever-increasing pressure to provide seamless services.
While datacenter investments in India are growing rapidly, Cloud is certainly the next big focus. According to a recent survey, Cloud services in India are expected to be strong across all cloud segments through 2017. While business-process-as-a-service (BPaaS) is anticipated to grow from $63.6 million in 2013 to $168 million in 2017, SaaS is expected to grow from $174 million in 2013 to $552 million in 2017. Whileis expected to grow from $59.2 million in 2013 to $156.3 million in 2017. In the Long term India has the Potential to become a hub of datacenter hosting for nearby markets such as Middle East, East Africa and South East Asia. There is enough capacity and diversity of network connectivity to these regions to allow applications to be managed out of India.
The Company being a Tier IV datacenter with large datacenter capacity located major metros in the country is fully equipped to take advantages of the growth in Datacenter market in India.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10413281 |
17/11/2014 * |
250,000,000.00 |
ALLAHABAD BANK |
1ST FLOOR, SRINIVASA PLAZA, 6-3-850/3, MAEERPET MAIN ROAD, HYDERABAD, TELANGANA - 500016, INDIA |
C52178449 |
|
2 |
10411501 |
17/11/2014 * |
2,000,000,000.00 |
ALLAHABAD BANK |
1ST FLOOR, SRINIVASA PLAZA, 6-3-850/3, AMEERPET MAIN ROAD, HYDERABAD, TELANGANA - 500016, INDIA |
C52179603 |
* Date of charge modification
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, 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 records 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.66.20 |
|
UK Pound |
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--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.