MIRA INFORM REPORT
|
Report No. : |
304071 |
|
Report Date : |
19.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED |
|
|
|
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Registered
Office : |
S-2, Technocrat Industrial Estate, Balanagar, Hyderabad – 500037,
Telangana |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
07.06.2006 |
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|
|
|
Com. Reg. No.: |
050271 |
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|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1500.100 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U45202TG2006PLC050271 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAECM7627A |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Engineering and Infrastructures Services. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 41480000 |
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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 the financial for
the year 2014 are not available from any sources. As per the available financial of 2013, financial position of the
company is decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered for normal 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
April 15, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
April 15, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.; 91-40-44336700] [CONTINUOUSLY RINGING]
LOCATIONS
|
Registered Office : |
S-2, Technocrat Industrial Estate, Balanagar, Hyderabad – 500037,
Telangana, India |
|
Tel. No.: |
91-40-44336700 |
|
Fax No.: |
91-40-44336800 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 25.09.2014
|
Name : |
Mr. Venkatakrishna Reddy Puritipati |
|
Designation : |
Managing director |
|
Address : |
H.No.8-2-293/82/A/295, Road No.25, Jubilee hills, Hyderabad - 500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
30.06.1969 |
|
Date of Appointment : |
07.06.2006 |
|
PAN No.: |
AAQPP7020H |
|
DIN No.: |
01815061 |
|
|
|
|
Name : |
Mr. Pitchi Reddy Pamireddy |
|
Designation : |
Director |
|
Address : |
H. No. 8-2-293/82/A/265/P, Road No. 10, Jubilee Hills, Hyderabad –
500003, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.10.1957 |
|
Date of Appointment : |
07.06.2006 |
|
PAN No.: |
AANPP8623K |
|
DIN No.: |
01450174 |
|
|
|
|
Name : |
Mrs. Rama Reddy Pami |
|
Designation : |
Director |
|
Address : |
H. No. 8-2-293/82/A/265/P, Road No. 10, Jubilee Hills, Hyderabad –
500003, Andhra Pradesh, India |
|
Date of Birth/Age : |
28.05.1967 |
|
Date of Appointment : |
07.06.2006 |
|
DIN No.: |
01614179 |
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|
|
|
Name : |
Mrs. Puritipaati Sudharani |
|
Designation : |
Director |
|
Address : |
H. No. 8-2-293/82/A/265/P, Road No. 10, Jubilee Hills, Hyderabad –
500003, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.12.1978 |
|
Date of Appointment : |
01.09.2008 |
|
DIN No.: |
02061208 |
|
|
|
|
Name : |
Mr. Reddy Ravi Peddinti |
|
Designation : |
Director |
|
Address : |
N3/33, IRC Village, Nayapalli, Bhubaneswar - 751015, Orissa, India |
|
Date of Birth/Age : |
24.06.1964 |
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Date of Appointment : |
01.09.2008 |
|
DIN No.: |
00866243 |
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|
|
|
Name : |
Mr. Tirupathi Rao Nadipineni |
|
Designation : |
Whole-time director |
|
Address : |
Plot No.101, Sagar Society, Banjara Hills, Road No.2, Hyderabad - 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.02.1953 |
|
Date of Appointment : |
28.11.2009 |
|
DIN No.: |
00055610 |
|
|
|
|
Name : |
Doraiah Palimpati |
|
Designation : |
Whole-time director |
|
Address : |
8-3-320/G/106, Yellareddy Guda, Yousuf Guda, Hyderabad - 500073, Andhra Pradesh, India |
|
Date of Birth/Age : |
12.06.1957 |
|
Date of Appointment : |
28.11.2009 |
|
DIN No.: |
02120726 |
|
|
|
|
Name : |
Mr. Srinivas Reddy Bonthu |
|
Designation : |
Whole-time director |
|
Address : |
Plot No 29, Nizampet Road, Vijetha Green Homes, Kukatpally, Hyderabad - 500072, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.08.1969 |
|
Date of Appointment : |
28.11.2009 |
|
DIN No.: |
02331802 |
|
|
|
|
Name : |
Chakka Peda Subbaiah |
|
Designation : |
Whole-time director |
|
Address : |
C-6, Vora Towers Madhuranagar, Ameerpet, Hyderabad - 500038, Andhra Pradesh, India |
|
Date of Birth/Age : |
15.04.1960 |
|
Date of Appointment : |
21.07.2012 |
|
DIN No.: |
03560382 |
KEY EXECUTIVES
|
Name : |
G V Seshareddy |
|
Designation : |
Secretary |
|
Address : |
HIG Flat No.132, Block No.9, Phase V, KPHB Colony, Kukatpally, Hyderabad - 500085, Andhra Pradesh, India |
|
Date of Birth/Age : |
25.10.1962 |
|
Date of Appointment : |
04.07.2012 |
|
PAN No.: |
ACAPG1929N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pitchi Reddy Pamireddy |
|
76483875 |
|
Venkatakrishna Reddy Puritipati |
|
73470000 |
|
Rama Reddy Pami |
|
18750 |
|
Puritipaati Sudharani |
|
18750 |
|
P. Manjali Reddy |
|
7500 |
|
P. Rajesh Reddy |
|
375 |
|
P.V. Subba Reddy |
|
375 |
|
P. Raja Reddy |
|
375 |
|
P. Sumanth Reddy |
|
1666 |
|
B. Neelima |
|
4167 |
|
B. Nandana |
|
4167 |
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|
|
|
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Total |
|
150010000 |
AS ON 25.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Engineering and Infrastructures Services. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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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 : |
Not Divulged |
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Bankers : |
· Andhra Bank Balangar Branch, T.I.E, Balanagar, Hyderabad - 500037, Andhra Pradesh,
India · State Bank of India Commercial Branch, Mid Corporate Group, Bank Street, Koti, Hyderabad -
500095, Telangana, India · Oriental Bank of Commerce Jubilee Hills Branch, Jubilee Hills, Hyderabad - 500033, Andhra
Pradesh, India · State Bank of Travancore 3rd Floor, Vayudhooth Chambers, Trinity Junction, 15-16, M.G.
Road, Bangalore - 560001, Karnataka, India · State Bank of Patiala Mid Corporate Branch, Abid Circle, Abids, Hyderabad - 500001, Andhra Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
· Power Finance Corporation Limited 'Urjanidhi', 1,Barakhamba Lane, Connaught Place, New Delhi - 110001,
India |
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Auditors : |
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|
Name : |
Darapaneni and Company Chartered Accountants |
|
Address : |
D-410, Krishna Apartments, Ameerpet, Hyderabad, Andhra
Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFD6406K |
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Cost Auditors : |
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|
Name : |
Nageswara Rao and Company Cost Accountants |
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Subsidiary company
: |
· MEIL Holdings Limited [U45209AP2009PLC064573] · MEIL Green Power Limited [U40108AP2011PLC072056] · MEIL Pura Limited [U93030AP2011PLC077278] · Meghavaram Power Private Limited [U45207DL2008PTC183515] · TP Power Holdings Private Limited [U67190AP2012PTC082656] |
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Fellow subsidiaries
: |
· JCE Engineering And Management Services Limited [U74899DL1989PLC034661] · Koya and Company Construction Limited [U27109AP2002PLC038726] · SEPC Power Private Limited [U93090TN1995PTC030660] |
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Associates : |
· Megha Fibre Glass Industries Limited [U74999AP2006PLC051913] · HKR Roadways Limited [U45203AP2010PLC069897] ·
GreenBrilliance Energy Private Limited
[U40106GJ2007PTC051453] ·
Western U. P. Power Transmission Company
Limited [U40105UP2009PLC038219] |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
·
MEIL Media Limited [U92419AP2009PLC064563] ·
MEIL Advanced Systems Limited
[U72900AP2009PLC064883] ·
Gomti Power Infrastructure Private Limited
[U40101DL2010PTC206153] ·
Interactive Data Systems Limited
[U72900AP2010PLC068993] ·
Mcleod Hydro Power Ventures Private Limited ·
Rachana Television Private Limited [U32301AP2006PTC051753] ·
Megha Structures Private Limited (MSPL) ·
MEIL Rusgaz Engineering Private Limited ·
MEIL Foundation |
|
|
|
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Joint Ventures : |
· MEIL-MAYTAS-WPIL · MEIL-MYTAS-KBL · MEIL-KCCPL-FLOWMORE · MEIL-MYTAS-ABB-AAG · MYTAS-MEIL-ABB-AAG-NSP.04 · MEIL-SEW-MAYTAS-BHEL (Con) · HCC-MEIL-CBE · MEIL-GAYATRI-ZVS-IIT · HCC-MEIL-NCC-WPIL · MEIL-IVRCL-HCC-WPIL · MEIL-SEW-ABB-AAG · KCEL- MEIL(Con) · MEIL-ZVS-PVSRN-IIT (Con) · MEIL-RATNA-KBL · SAIRAMA-MEIL-VOLGOGRAD (Con) · MEIL-KBL · MEIL-PRASAD-KBL · MEIL-RATNA(con) · IVRCL-MEIL · OPTIMA-MEIL · MEIL-SMC-WPIL · MEIL-KBL-WEG(Con) · MEIL-BRPCL-AIPPC · MEIL-RATNA · KBL-MEIL-KCCPL · IVRCL-KBL-MEIL · NCC-MEIL-IHP · SEW-MEIL-BHEL · HCC-SEW-MEIL · HCC-MEIL-BHEL · HCC-SEW-MEIL-AAG · SEW-MEIL-ZVST-AAG · NCC-MEIL-ZVST-SIGMA (Con) · MAYTAS-MEIL-KBL · IHP-MEIL-KCCPL-BRCPL-TAIPPL · JCPL-MEIL-KBL (Con) · PLR-MEIL-WIPL · MYTAS-MEIL-ABB-AAG- PCL 07 · AIPPL-MEIL · MEIL-ITT · MEIL-KEPCO · SEW-MEIL · IVRCL-MEIL NC28 · IVRCL-MEIL NC33 · MEIL IVRCL · MEIL-SAISUDHIR-PRATIBHA · MEIL-SMC ·
MEIL-BRCCPL |
CAPITAL STRUCTURE
AS ON 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,010,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1500.100 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1500.100 |
1500.100 |
1500.000 |
|
(b) Reserves & Surplus |
13018.617 |
9687.264 |
6742.464 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.600 |
|
Total
Shareholders’ Funds (1) + (2) |
14518.717 |
11187.364 |
8243.064 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
99.789 |
9.337 |
1.709 |
|
(b) Deferred tax liabilities (Net) |
171.960 |
123.751 |
75.010 |
|
(c)
Other long term liabilities |
8719.772 |
5188.114 |
3655.637 |
|
(d)
long-term provisions |
13.884 |
11.885 |
7.487 |
|
Total
Non-current Liabilities (3) |
9005.405 |
5333.087 |
3739.843 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2907.874 |
2644.401 |
1548.885 |
|
(b)
Trade payables |
14061.027 |
9813.328 |
9784.971 |
|
(c)
Other current liabilities |
13088.001 |
8757.031 |
5310.881 |
|
(d)
Short-term provisions |
100.219 |
95.005 |
469.124 |
|
Total
Current Liabilities (4) |
30157.121 |
21309.765 |
17113.861 |
|
|
|
|
|
|
TOTAL |
53681.243 |
37830.216 |
29096.768 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3223.794 |
2037.118 |
1049.092 |
|
(ii)
Intangible Assets |
11.561 |
13.627 |
11.296 |
|
(iii)
Capital work-in-progress |
45.732 |
293.103 |
262.110 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2841.367 |
1737.637 |
1422.035 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
7081.008 |
2187.803 |
708.879 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
13203.462 |
6269.288 |
3453.412 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
1.000 |
236.492 |
1776.743 |
|
(b)
Inventories |
4807.001 |
1378.469 |
459.676 |
|
(c)
Trade receivables |
10523.526 |
7622.480 |
9797.527 |
|
(d)
Cash and cash equivalents |
9131.589 |
6706.881 |
6313.197 |
|
(e)
Short-term loans and advances |
4705.371 |
4494.768 |
2367.005 |
|
(f)
Other current assets |
11309.294 |
11121.838 |
4929.208 |
|
Total
Current Assets |
40477.781 |
31560.928 |
25643.356 |
|
|
|
|
|
|
TOTAL |
53681.243 |
37830.216 |
29096.768 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
47057.939 |
30583.062 |
28404.620 |
|
|
|
Other Income |
992.809 |
1076.887 |
522.005 |
|
|
|
TOTAL (A) |
48050.748 |
31659.949 |
28926.625 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
25997.842 |
14023.734 |
10499.803 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(2278.994) |
(788.701) |
(87.035) |
|
|
|
Employees benefits expense |
1351.711 |
1056.969 |
913.227 |
|
|
|
Other expenses |
17279.873 |
12691.435 |
12209.830 |
|
|
|
Prior Period Items |
1.147 |
5.805 |
4.026 |
|
|
|
TOTAL (B) |
42351.579 |
26989.242 |
23539.851 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5699.169 |
4670.707 |
5386.774 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1509.102 |
915.939 |
517.506 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4190.067 |
3754.768 |
4869.268 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
145.044 |
108.495 |
77.814 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4045.023 |
3646.273 |
4791.454 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
625.918 |
614.801 |
1573.712 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3419.105 |
3031.472 |
3217.742 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
10.147 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
5074.707 |
341.233 |
0.000 |
|
|
|
Capital Goods |
384.160 |
198.534 |
0.000 |
|
|
TOTAL IMPORTS |
5458.867 |
539.767 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.79 |
20.21 |
21.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
7.27 |
9.91 |
11.33 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
12.11 |
15.27 |
18.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.96 |
10.19 |
17.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.33 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.21 |
0.24 |
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.48 |
1.50 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1500.000 |
1500.100 |
1500.100 |
|
Reserves & Surplus |
6742.464 |
9687.264 |
13018.617 |
|
Share Application money pending allotment |
0.600 |
0.000 |
0.000 |
|
Net
worth |
8243.064 |
11187.364 |
14518.717 |
|
|
|
|
|
|
Long-term borrowings |
1.709 |
9.337 |
99.789 |
|
Short term borrowings |
1548.885 |
2644.401 |
2907.874 |
|
Total
borrowings |
1550.594 |
2653.738 |
3007.663 |
|
Debt/Equity ratio |
0.188 |
0.237 |
0.207 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
28404.620 |
30583.062 |
47057.939 |
|
|
|
7.669 |
53.869 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
28404.620 |
30583.062 |
47057.939 |
|
Profit |
3217.742 |
3031.472 |
3419.105 |
|
|
11.33% |
9.91% |
7.27% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
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 |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10507419 |
13/06/2014 |
37,717,200,000.00 |
POWER FINANCE
CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
C10117661 |
|
2 |
10470342 |
19/12/2013 |
1,000,000,000.00 |
ANDHRA BANK |
BALANGAR BRANCH,
T.I.E, BALANAGAR, HYDERABAD, ANDHRA PRADESH - 500037, INDIA |
B93552339 |
|
3 |
10411515 |
21/05/2014 * |
53,100,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL BRANCH,
MID CORPORATE GROUP, BANK STREET, KOTI, HYDERBAAD, TELANGANA - 500095, INDIA |
C06856744 |
|
4 |
10374757 |
11/09/2012 |
150,000,000.00 |
MAGMA FINCORP
LIMITED |
MAGMA HOUSE, 24
PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B57389066 |
|
5 |
10378271 |
03/09/2012 |
63,000,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B58815960 |
|
6 |
10359410 |
08/06/2012 |
7,489,245.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B41124199 |
|
7 |
10210378 |
04/01/2013 * |
2,250,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
JUBILEE HILLS
BRANCH, JUBILEE HILLS, HYDERABAD, ANDHRA PRADESH - 500033, INDIA |
B69412252 |
|
8 |
10203442 |
03/02/2012 * |
3,500,000,000.00 |
INDIAN OVERSEAS
BANK |
R P ROAD BRANCH,
R P ROAD, SECUNDRABAD, ANDHRA PRADESH - 500003, INDIA |
B33574260 |
|
9 |
10132868 |
04/01/2013 * |
2,100,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL BRANCH,
BANK STREET, KOTI, HYDERABAD, ANDHRA PRADESH - 500095, INDIA |
B65514804 |
|
10 |
10132888 |
24/04/2012 * |
3,100,000,000.00 |
STATE BANK OF
BIKANER & JAIPUR |
R P ROAD BRANCH,
R P ROAD, SECUNDRABAD, ANDHRA PRADESH - 500003, INDIA |
B38567657 |
|
11 |
10128522 |
04/12/2009 * |
1,500,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A74587882 |
|
12 |
10132464 |
04/01/2013 * |
2,600,000,000.00 |
STATE BANK OF
TRAVANCORE |
3RD FLOOR,
VAYUDHOOTH CHAMBERS, TRINITY JUNCTION, |
B68676303 |
|
13 |
10094790 |
04/01/2013 * |
3,550,000,000.00 |
STATE BANK OF
PATIALA |
MID CORPORATE BRANCH,
ABID CIRCLE, ABIDS, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
B69071447 |
* Date of charge modification
OPERATIONAL
PERFORMANCE
During the year the company's performance has amplified and earned
the Gross turnover of Rs.48050.700 Millions for the financial year 2012-13 as
against Rs.31659.900 Millions in the previous year. During this financial year
the Company has earned Profit before Interest, Taxes, Depreciation, and
Amortization (EBITDA) of Rs.5700.600 Millions as against Rs.4671.500 Millions
earned in the last financial year. The Company has earned the profit after
taxes of Rs.3419.100 Millions after providing for Rs.1509.100 Millions towards
Interest and Finance Charges, Rs.627.400 Millions towards taxation and
Rs.145.000 Millions towards Depreciation as against Rs.3031.500 Millions in the
previous year.
FUTURE OUTLOOK
India's infrastructure facilities, including transport,
sanitation, electricity, Irrigation are still estimated to be inadequate for
its population, thereby presenting a challenge for sustainable economic growth
in sectors such as heavy manufacturing. Development of the infrastructure
sector is crucial to the growth of the Indian economy. Sustainable development
can only be attained through a careful analysis of the factors that have
mitigated growth in the past, and thereafter, taking the appropriate corrective
measures. The 12th Plan projects an investments of Rs.55000000.000 Millions in
infrastructure. The Plan envisages that the private sector will share 47
percent of the investment. Government has initiated policies and schemes such
as Empowered Committees/Empowered Institutions and Model Concession Agreements
to increase the inflow of private sector investments and make the bidding
process for projects more transparent. The government plans to draw an even mix
of public and private sector investments in the 12th Five Year Plan through PPP
and other initiatives. A number of PPP projects were initiated at both the centre
and state levels. Basically Government sector is the major customer for their
Company; they expect the new opportunities to nurture the business of the
Company. And the directors take pleasure to express their confidence to capture
and countenance the opportunity.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· 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. 61.89 |
|
|
1 |
Rs. 93.92 |
|
Euro |
1 |
Rs. 72.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.