MIRA INFORM REPORT
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Report No. : |
305898 |
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Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIKI INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
No.1, Krishna Street, Nungambakkam, Chennai – 600 034, Tamilnadu |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
16.08.1990 |
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Com. Reg. No.: |
18-019523 |
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Capital
Investment / Paid-up Capital : |
Rs.81.830
millions |
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CIN No.: [Company Identification
No.] |
U27209TN1990PTC019523 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEV02424C |
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PAN No.: [Permanent Account No.] |
AAACV2003P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Steel and Steel Products and
Trading of Fire Wood and Packing Material. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 823000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having satisfactory track record. As per registrar
of companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2014
but the documents related to financials are not available from any source. As per available
financial of 2013, general financial position of the company seems to be
sound. Profitability of the company is fair. Trade relations
are fair. Business is active. Payment terms are reported to be usually
correct. The company can
be considered for business dealings at usual trade terms and condition. Note: The management
has changed its financial year filling from September to March. Available
financial record of 2013 is of 12 months. |
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 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Mahalingam |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-9600029858 |
|
Date : |
05.02.2015 |
LOCATIONS
|
Registered Office : |
No.1, Krishna Street, Nungambakkam, Chennai – 600 034, Tamilnadu,
India |
|
Tel. No.: |
91-44-28200029/ 30 |
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Mobile No.: |
91-9600029858 (Mr. Mahalingam) |
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Fax No.: |
91-44-28200031 |
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E-Mail : |
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Factory 1 : |
D-19, SIPCOT Industrial Complex, Gummidipoondi – 601 201, Tamilnadu,
India |
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Tel. No.: |
91-44-27922519 |
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Fax No.: |
91-44-24987090/ 27922903 |
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Factory 2 : |
Naidupet to Kalahsti Road, Nellore, Andhra Pradesh, India |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mr. Gunapati Gautam Reddy |
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Designation : |
Whole-time Director |
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Address : |
No.4/5, Ratland Gate, 6th Street, Chennai – 600
034,Tamilnadu, India |
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Date of Birth/Age : |
11.05.1970 |
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Qualification : |
Graduate |
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Date of Appointment : |
09.12.1999 |
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DIN No.: |
00258529 |
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PAN No.: |
AASPG8220C |
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Other Directorship :
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Name : |
Mr. Maramreddy Chandrashekhar Reddy |
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Designation : |
Director |
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Address : |
No.12/5, Janakiram, Reddy Colony, 2nd Street, Villivakkam,
Chennai – 600 099, Tamilnadu, India |
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Date of Birth/Age : |
01.07.1968 |
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Qualification : |
Graduate |
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Date of Appointment : |
03.12.2001 |
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DIN No.: |
00182331 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. B. Keshav Rao |
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Designation : |
Secretary |
|
Address : |
No.1, Krishna Street, Nungambakkam, Chennai – 600 034, Tamilnadu,
India |
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Date of Birth/Age : |
02.03.1937 |
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Date of Appointment : |
25.08.2014 |
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PAN No.: |
ADNPR0541F |
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Name : |
Mr. Mahalingam |
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Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
G. Gautam Reddy |
|
2215155 |
|
G. Deepthi |
|
4169635 |
|
Sheena Agro Farms Private Limited, India |
|
1798200 |
|
M. Chandrasekhar Reddy |
|
10 |
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Total |
|
8183000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2014
|
Category |
|
Percentage |
|
Bodies corporate |
|
21.97 |
|
Directors or relatives of directors |
|
78.03 |
|
Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Steel and Steel Products and
Trading of Fire Wood and Packing Material. |
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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 : |
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Countries : |
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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 : |
100 (Approximately) |
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Bankers : |
The Karur Vysya Bank Limited, Central Loan Processing Cell (CLPC),
No.37, Whites Road, 1st Floor, Chennai – 600 014, Tamilnadu, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P.A. Reddy and Company Chartered Accountants |
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Address : |
New No.34, Old No.76, 1st Floor, C.S. Towers, Bazullah
Road, T. Nagar, Chennai – 600 017, Tamilnadu, India |
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PAN
No.: |
AAIFP0183F |
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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 27.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
8183000 |
Equity Shares |
Rs.10/- each |
Rs.81.830
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
01.04.2012 to 31.03.2013 (12 months) |
01.10.2011 to
31.03.2012 (6 Months) |
01.04.2010 to
30.09.2011 (18 months) |
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I.
EQUITY AND LIABILITIES |
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(1) Shareholders' Funds |
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(a) Share Capital |
81.830 |
81.830 |
81.830 |
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(b) Reserves & Surplus |
188.092 |
157.355 |
128.661 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
18.170 |
18.170 |
22.335 |
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Total Shareholders’ Funds (1) + (2) |
288.092 |
257.355 |
232.826 |
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(3)
Non-Current Liabilities |
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(a)
Long-term borrowings |
454.433 |
379.978 |
283.893 |
|
(b) Deferred tax
liabilities (Net) |
24.004 |
12.434 |
(2.860) |
|
(c)
Other long term liabilities |
0.000 |
16.000 |
18.500 |
|
(d)
Long-term provisions |
7.432 |
7.093 |
6.588 |
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Total
Non-current Liabilities (3) |
485.869 |
415.505 |
306.121 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
168.703 |
173.228 |
234.939 |
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(b)
Trade payables |
400.759 |
278.098 |
285.454 |
|
(c)
Other current liabilities |
185.392 |
154.775 |
121.330 |
|
(d)
Short-term provisions |
4.665 |
1.835 |
14.167 |
|
Total
Current Liabilities (4) |
759.519 |
607.936 |
655.890 |
|
|
|
|
|
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TOTAL |
1533.480 |
1280.796 |
1194.837 |
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II.
ASSETS |
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|
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|
(1) Non-current assets |
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(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
510.788 |
499.797 |
505.829 |
|
(ii)
Intangible Assets |
0.080 |
0.049 |
0.066 |
|
(iii)
Capital work-in-progress |
103.076 |
50.719 |
18.141 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
3.425 |
3.425 |
1.372 |
|
(c)
Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
23.550 |
14.190 |
5.818 |
|
(e)
Other Non-current assets |
46.950 |
31.518 |
21.297 |
|
Total
Non-Current Assets |
687.869 |
599.698 |
552.523 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
335.465 |
295.982 |
273.041 |
|
(c)
Trade receivables |
276.727 |
194.736 |
153.076 |
|
(d)
Cash and cash equivalents |
58.255 |
47.042 |
38.216 |
|
(e)
Short-term loans and advances |
173.019 |
141.363 |
177.981 |
|
(f)
Other current assets |
2.145 |
1.975 |
0.000 |
|
Total
Current Assets |
845.611 |
681.098 |
642.314 |
|
|
|
|
|
|
TOTAL |
1533.480 |
1280.796 |
1194.837 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
01.04.2012 to 31.03.2013 (12 months) |
01.10.2011 to
31.03.2012 (6 Months) |
01.04.2010 to
30.09.2011 (18 months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2141.918 |
1013.957 |
2957.435 |
|
|
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Other Income |
|
|
|
|
|
|
TOTAL |
2141.918 |
1013.957 |
2957.435 |
|
|
|
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|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2053.238 |
947.254 |
2946.742 |
|
|
|
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|
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|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
88.680 |
66.703 |
10.693 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
46.373 |
22.501 |
55.309 |
|
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|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
42.307 |
44.202 |
(44.616) |
|
|
|
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|
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|
Less |
TAX |
11.570 |
15.509 |
(13.728) |
|
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|
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|
|
PROFIT/
(LOSS) AFTER TAX |
30.737 |
28.693 |
(30.888) |
|
|
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|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
33.880 |
5.187 |
36.075 |
|
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|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
33.880 |
5.187 |
|
|
|
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|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Realisation from export of steel (FOB Value) (SEZ
sale) |
14.977 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
14.977 |
0.000 |
0.000 |
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
557.056 |
223.677 |
1103.414 |
|
|
|
Components and Spare Parts |
0.044 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
557.100 |
223.677 |
1103.414 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.76 |
3.51 |
(3.77) |
|
KEY RATIOS
|
PARTICULARS |
|
01.04.2012 to 31.03.2013 (12 months) |
01.10.2011 to
31.03.2012 (6 Months) |
01.04.2010 to
30.09.2011 (18 months) |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.96 |
3.60 |
(3.80) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.17 |
(0.19) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.16 |
2.15 |
2.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.12 |
0.98 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.09.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
81.830 |
81.830 |
81.830 |
|
Reserves & Surplus |
128.661 |
157.355 |
188.092 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
22.335 |
18.170 |
18.170 |
|
Net worth |
232.826 |
257.355 |
288.092 |
|
|
|
|
|
|
Long Term borrowings |
283.893 |
379.978 |
454.433 |
|
Short Term borrowings |
234.939 |
173.228 |
168.703 |
|
Total borrowings |
518.832 |
553.206 |
623.136 |
|
Debt/Equity ratio |
2.228 |
2.150 |
2.163 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
30.09.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
2,957.435 |
1,013.957 |
2,141.918 |
|
|
|
(65.715) |
111.243 |
NET PROFIT MARGIN
|
Net Profit Margin |
30.09.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
2,957.435 |
1,013.957 |
2,141.918 |
|
Profit |
(30.888) |
28.693 |
30.737 |
|
|
(1.04%) |
2.83% |
1.44% |
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Note:
The registered office of the company has been shifted from No.12, I Cross Street,
C.I.T. Colony, Mylapore, Chennai – 600 004, Tamilnadu to the present
address w.e.f. 18.07.2011.
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
0.000 |
14.078 |
|
Loans repayable on demand |
29.290 |
0.000 |
|
Interoperate borrowings |
302.299 |
186.689 |
|
Total |
331.589 |
200.767 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10298296 |
06/07/2011 |
37,500,000.00 |
THE KARUR VYSYA BANK
LIMITED |
CENTRAL LOAN PROCESSING CELL
(CLPC), 1ST FLOOR, NO.37, WHITES ROAD, CHENNAI, TAMILNADU - 600014, INDIA |
B17237413 |
|
2 |
10252154 |
11/11/2010 |
20,000,000.00 |
THE KARUR VYSYA BANK
LIMITED |
CENTRAL LOAN PROCESSING CELL
(CLPC), 1ST FLOOR, NO.37, WHITES ROAD, CHENNAI, TAMILNADU - 600014, INDIA |
B00170217 |
|
3 |
10212066 |
20/03/2010 |
291,250,000.00 |
THE KARUR VYSYA BANK
LIMITED |
CENTRAL LOAN PROCESSING
CELL (CLPC), 1ST FLOOR, NO.37, WHITES ROAD, CHENNAI, TAMILNADU - 600014,
INDIA |
A83059378 |
|
4 |
10194562 |
23/12/2009 |
25,000,000.00 |
THE KARUR VYSYA BANK
LIMITED |
CENTRAL LOAN PROCESSING CELL
(CLPC), 1ST FLOOR, NO.37, WHITES ROAD, CHENNAI, TAMILNADU - 600014, INDIA |
A76777689 |
|
5 |
10128459 |
07/10/2008 |
180,000,000.00 |
THE KARUR VYSYA BANK
LIMITED |
CENTRAL LOAN PROCESSING
CELL (CLPC), 1ST FLOOR, NO.37, WHITES ROAD, CHENNAI, TAMILNADU - 600014,
INDIA |
A49707185 |
|
6 |
90285768 |
21/11/2013 * |
1,644,100,000.00 |
INDIAN OVERSEAS BANK |
C&IC BRANCH 98-A DR
RADHAKRISHNAN SALAI, MYLAPORE, CHENNAI, TAMILNADU - 600004, INDIA |
B91702076 |
* Date of charge modification
CONTINGENT
LIABILITES:
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Estimated
amount of contracts remaining to be executed on capital account and not
provided for. |
3.680 |
9.313 |
|
Bank
Guarantees |
1.479 |
1.479 |
|
Claims
against the company not acknowledged as debts |
4.996 |
4.996 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipment
Intangible Assets
·
Brands and Trade Marks
·
Computer Software
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.61.96 |
|
|
1 |
Rs.94.41 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared by
: |
SMN |
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 |
5 |
|
-- PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.