MIRA INFORM REPORT
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Report No. : |
330632 |
|
Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GREENESOL POWER SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
H. No. 8-2-418, 1st Floor, Meenakshi House, Banjara Hills, Road No. 7,
Hyderabad – 500034, Telangana |
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Tel. No.: |
91-80-23154446 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.06.2003 |
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Com. Reg. No.: |
041169 |
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Capital
Investment / Paid-up Capital : |
Rs. 102.895 Million |
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CIN No.: [Company Identification
No.] |
U40104TG2003PTC041169 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCG0592L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Sale of Turbine and Boiler Systems. |
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No. of Employees
: |
Not Available |
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RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
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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 1170000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are slow
but correct. 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 |
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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
31-03-2013.
LOCATIONS
|
Registered Office : |
H. No. 8-2-418, 1st Floor, Meenakshi House, Banjara Hills, Road No. 7,
Hyderabad – 500034, Telangana, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
No. 995, Service Road, RPC Layout Vijaynagar, Bangalore - 560040,
Karnataka, India |
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Tel. No.: |
91-80-23154446 |
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Fax No.: |
91-80-23154442 |
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Branch Office : |
Habib Towers, Plot
No. B-2, Door No 59, 1st Avenue, 100ft Road, Ashok Nagar, Chennai – 600083,
Tamilnadu, India |
|
Tel. No.: |
91-44 24711179/
24711180 |
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Fax No.: |
91-44-24711181 |
DIRECTORS
AS ON 23.09.2014
|
Name : |
Mr. Sivaram Prasad Jetty |
|
Designation : |
Managing director |
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Address : |
1-2-593/D/9/B, Rama Chandra Mission Road, Domalguda, Hyderabad –
500029, Andhra Pradesh, India |
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Date of Birth/Age : |
10.06.1960 |
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Qualification : |
FCA |
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Experience : |
27 Years |
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Date of Appointment : |
16.06.2003 |
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PAN No.: |
ACDPJ5613K |
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DIN No.: |
00221271 |
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Name : |
Mr. Shridhar Nambi |
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Designation : |
Director |
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Address : |
318, Sri Sainaomi, 18th Main, Nandini Layout, Bangalore –
560096, Karnataka, India |
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Date of Birth/Age : |
11.02.1960 |
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Qualification : |
Engg. Graduate |
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Experience : |
32 Years |
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Date of Appointment : |
18.08.2005 |
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PAN No.: |
ALXPS8991G |
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DIN No.: |
00390520 |
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Name : |
Mr. Shanti Jetty |
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Designation : |
Director |
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Address : |
1-2-593/D/9/B, Rama Chandra Mission Road, Domalguda, Hyderabad –
500029, Andhra Pradesh, India |
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Date of Birth/Age : |
05.11.1964 |
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Date of Appointment : |
16.06.2003 |
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PAN No.: |
AANPJ7091D |
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DIN No.: |
00682853 |
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Name : |
Mr. Venkatswamy Nannapaneni |
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Designation : |
Director |
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Address : |
Plot No. 503, JVR Enclave, 2-1-218/219, Balkampet, Hyderabad - 500016
Andhra Pradesh, India |
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Date of Birth/Age : |
06.06.1959 |
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Date of Appointment : |
30.09.2004 |
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DIN No.: |
00861354 |
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Name : |
Mr. Bai Ronghua |
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Designation : |
Director |
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Address : |
54-3-501, Zhongshan Beiyuan, Hangzhou 310022, China |
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Date of Birth/Age : |
23.12.1951 |
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Date of Appointment : |
23.04.2009 |
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DIN No.: |
02662833 |
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Name : |
Mr. Zhang Shutan |
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Designation : |
Director |
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Address : |
11-3-201,Qixia Yuan, Guihua Cheng, Hangzhon, 310022, China| |
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Date of Birth/Age : |
16.03.1959 |
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Date of Appointment : |
18.05.2005 |
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DIN No.: |
02662856 |
KEY EXECUTIVES
|
Name : |
Mr. Prakash |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
J.S.R. Prasad |
4487000 |
43.61 |
|
J. Shanti |
525000 |
5.10 |
|
J. Ragini |
150000 |
1.46 |
|
J. Shalini |
150000 |
1.46 |
|
Sridhar Padmavathi |
450000 |
4.37 |
|
Shridhar Nambi |
719830 |
7.00 |
|
Hanghou Steam Turbine Co. Limited, China |
3807805 |
37.01 |
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Total |
10289635 |
100.00 |
AS ON 23.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
37.00 |
|
Directors
or relatives of directors |
63.00 |
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|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Sale of Turbine and Boiler Systems. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
· Abhijeet ·
KVK Energy ·
IBPIL ·
Kalpataru ·
Suryachakra Group ·
Real Ispat and Power Limited ·
RR Energy |
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of India Mid Corporate Group, Industrial Finance Branch,
155, Anna Salai, Chennai - 600002, Tamilnadu, India ·
IDBI Bank Limited 58, IDBI House, Mission Road, Bangalore - 560027,
Karnataka, India ·
ICICI Bank Limited ICICI Bank Towers, No. 1, Commissarat Road,
Bangalore - 560025, Karnataka, India ·
Indian Bank Overseas Branch, Manandi Plaza, Ground Floor,
No:2, St. Marks Road, Bangalore - 560001, Karnataka, India ·
Andhra Bank, Ashok Nagar Branch, Hyderabad ·
Axis Bank Limited, Chennai ·
Axis Bank Limited, Vijayanagar ·
ICICI Bank Limited, Chennai ·
Indian Overseas Bank, Hyderabad ·
Punjab National Bank ·
UCO Bank |
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Facilities : |
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Financial Institution : |
·
3I Infotech Trusteeship Services Limited 3rd to 6th floor, International Infotech Park,
Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai - 400703,
Maharashtra, India |
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Auditors : |
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Name : |
R.B. Associates Chartered Accountants |
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Address : |
305 A and B, 3rd Floor, Pancom Business Center,
Ameerpet, Hyderabad – 500073, Andhra Pradesh, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFR1152B |
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Joint Venture : |
Hangzhou Steam Turbine Co Limited |
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Associates : |
·
Sequent Automation Private Limited
[U85110KA1998PTC023987] ·
Supinco Automation Private Limited
[U31900KA2010PTC055151] ·
Green Secure Energy Private Limited
[U31506TG2011PTC072205] ·
JVR Croissance Infrastructure Co. Private
limited [U45209TG2008PTC057599] ·
QRE Greenesol Power Transformer Company
Private Limited [U40109TG2006PTC051173] ·
HMG Power Systems Private Limited
[U31900TG2008PTC059791] ·
Puissance De L'eau Power Systems Private
Limited [U51100TG2005PTC048512] ·
Greenesol Hydrocarbons Private Limited
[U23101AP2011PTC074338] ·
Ecogreen Power Systems Private Limited
[U40108KA2009PTC049592] ·
Greenesol Power Services Private Limited
[U40104TG2007PTC052441] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 120.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,289,535 |
Equity Shares |
Rs. 10/- each |
Rs. 102.895 Million |
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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 |
102.895 |
102.895 |
20.579 |
|
(b) Reserves & Surplus |
306.760 |
285.108 |
448.167 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.626 |
0.626 |
|
Total Shareholders’
Funds (1) + (2) |
409.655 |
388.629 |
469.372 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
53.746 |
55.866 |
55.307 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
6.260 |
5.118 |
3.348 |
|
Total
Non-current Liabilities (3) |
60.006 |
60.984 |
58.655 |
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
61.173 |
1090.173 |
105.318 |
|
(b)
Trade payables |
2757.213 |
3124.067 |
3167.798 |
|
(c)
Other current liabilities |
361.986 |
398.749 |
1179.419 |
|
(d)
Short-term provisions |
46.936 |
57.171 |
90.212 |
|
Total
Current Liabilities (4) |
3227.308 |
4670.160 |
4542.747 |
|
|
|
|
|
|
TOTAL |
3696.969 |
5119.773 |
5070.774 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
187.789 |
201.011 |
205.405 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
38.549 |
29.386 |
9.850 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
12.217 |
0.359 |
0.025 |
|
(c) Deferred tax assets (net) |
2.185 |
1.322 |
0.532 |
|
(d) Long-term Loan
and Advances |
5.456 |
5.620 |
90.155 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
246.196 |
237.698 |
305.967 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
133.158 |
198.190 |
137.936 |
|
(c)
Trade receivables |
1772.139 |
2707.417 |
2139.180 |
|
(d)
Cash and cash equivalents |
211.385 |
213.336 |
499.198 |
|
(e)
Short-term loans and advances |
1333.903 |
1762.809 |
1988.165 |
|
(f)
Other current assets |
0.188 |
0.323 |
0.328 |
|
Total
Current Assets |
3450.773 |
4882.075 |
4764.807 |
|
|
|
|
|
|
TOTAL |
3696.969 |
5119.773 |
5070.774 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
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|
|
|
|
TOTAL (A) |
1848.799 |
3102.775 |
9340.273 |
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Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
1754.602 |
2952.406 |
9076.740 |
|
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|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
94.197 |
150.369 |
263.533 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.040 |
8.741 |
6.497 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
86.157 |
141.628 |
257.036 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.433 |
20.213 |
19.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
67.724 |
121.415 |
237.425 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
21.995 |
186.261 |
77.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
45.729 |
(64.846) |
160.232 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
603.221 |
75.944 |
NA |
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
4.44 |
(6.30) |
77.86 |
|
CURRENT MATURITIES OF LONG TERM DEBT D
ETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.86 |
2.39 |
4.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.31 |
0.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.28 |
2.95 |
0.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.05 |
1.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
20.579 |
102.895 |
102.895 |
|
Reserves & Surplus |
448.167 |
285.108 |
306.760 |
|
Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application
money pending allotment |
0.626 |
0.626 |
0.000 |
|
Net
worth |
469.372 |
388.629 |
409.655 |
|
|
|
|
|
|
Long-term borrowings |
55.307 |
55.866 |
53.746 |
|
Short term borrowings |
105.318 |
1090.173 |
61.173 |
|
CURRENT MATURITIES OF LONG TERM DEBT |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
160.625 |
1146.039 |
114.919 |
|
Debt/Equity
ratio |
0.342 |
2.949 |
0.281 |
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) |
|
Total Income |
9340.273 |
3102.775 |
1848.799 |
|
|
|
(66.781) |
(40.415) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
9340.273 |
3102.775 |
1848.799 |
|
Profit/ (Loss) |
160.232 |
(64.846) |
45.729 |
|
|
1.72% |
(2.09%) |
2.47% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION
DETAILS
|
CP 14 / 2015 |
CPSR 9429 / 2014 |
CASE IS:PENDING |
|
PETITIONER |
|
RESPONDENT |
|
M/S WESMEE
ENGINEERING PVT. LTD., MUMBAI |
VS |
M/S GREENESOL
POWER SYSTEMS PRIVATE LIMITED, HYD |
|
PET.ADV. : PARIKSHITH
KUTUR |
|
RESP.ADV. : BHUSHAN |
|
SUBJECT: COMPANY
PETITION |
|
DISTRICT: HYDERABAD |
|
FILING
DATE: 31-12-2014 |
POSTING
STAGE : FOR COUNTER |
|
|
REG.
DATE : 29-01-2015 |
LISTING
DATE : 21-04-2015 |
STATUS : NOTICES |
|
HON'BLE JUDGE(S): |
|
C.V.NAGARJUNA
REDDY |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10167094 |
05/01/2012 * |
1,000,000,000.00 |
INDIAN BANK |
OVERSEAS BRANCH, MANANDI
PLAZA,GROUND FLOOR, NO:2,ST. MARKS ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
B31179708 |
|
2 |
10146023 |
05/01/2012 * |
600,000,000.00 |
IDBI BANK LIMITED |
102, SHAKTHI
COMFORTS TOWERS, K H ROAD, BANGALORE, KARNATAKA - 560027, INDIA |
B30671010 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
50.000 |
50.000 |
|
|
|
|
|
Total |
50.000 |
50.000 |
PRESENT OPERATIONS
The company could withstood the period of financial and economic crises
of the nation and could achieve a turnover of Rs. 1818.000 Million. This was
possible only with the back-up of the orders, which the company was having at
the beginning of the year. Despite drop in turnover over the previous year, the
company could do a better profitability in terms of profitability percentage
i.e the company could touch 3.73% (PBT) as against the last year figure of
4.02%.
GREENESOL POWER, during the year of operation has commissioned the third
unit of 4 X 150 MW for the customer Madhucon Projects Limited (2st Phase) which
adds feather to its cap. The company had successfully installed and
commissioned 5000 MW of power plant in the country till date and maintaining
its leadership in the country’s power segment. The company has also completed
supply for the following overseas projects and commissioning work is in
progress which had open avenues for its overseas business particularly in
Pakistan and Fiji Island.
a) Fiji
Sugar Corporation, Labasa, Fiji Island - 1 X 10 MW
b) JDW Sugar
Mills Limited, (Gothki Sugars), Pakistan - 1 X 26 MW
c) JDW Sugar
Mills Limited, (United Sugars), Pakistan - 1 X 26 MW
GREENESOL POWER, had bagged two export job in the overseas segment from
the following customers during the year of operations.
a) Chinniot
Power Limited, Pakistan - BOP package
b)
Chinniot Power Limited, Pakistan - BTG (Through
M/s. HTC China & Wuxi China)
FUTURE OPERATIONS
The economics of power generation was adversely affected on account of
various reasons including natural gas availability, coal linkage, abnormal
increase in price of imported coal, land acquisition, environmental clearance
and poor financial health of State Discoms, which in turn has drastically
reduced the market potential for power plant EPC contractors and equipment
manufacturers in the last fiscal year.
However, GREENESOL POWER foresees moderate business in the ensuing
financial year due to the political change in the Government and it is
confident of doing moderately well with the backup of the orders which are in
the advanced stages of engineering, manufacturing, supply, erection and
commissioning.
CONTINGENT
LIABILITIES [AS ON 31.03.2014]:
1) Outstanding
Bank Guarantee: Rs. 251.930 Million (P.Y Rs. 386.167 Million).
2) Letters
of Credit Rs. 13.986 Million (P.Y Rs. 17.850 Million).
3) Estimate
amount of contracts remaining to be executed on capital account (Net of
Advances) Rs. Nil (P.Y Rs. Nil).
4) Corporate
Guarantee for the non-fund based limits availed by Greenesol Power Services
Private Limited, a body corporate to the extent of Rs. 147.500 Million from
Axis Bank, Bangalore.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
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. 63.62 |
|
|
1 |
Rs. 99.89 |
|
Euro |
1 |
Rs. 70.77 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
46 |
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.