MIRA INFORM REPORT
|
Report No. : |
331903 |
|
Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
USHODAYA ENTERPRISES PRIVATE LIMITED (w.e.f. 28.03.2007) |
|
|
|
|
Formerly Known
As : |
USHODAYA ENTERPRISES LIMITED USHODAYA PUBLICATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Enadu Compound,
6-3-570, Somajiguda, Hyderabad – 500 082, Telangana |
|
Tel. No.: |
91-40-23318181 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.12.1973 |
|
|
|
|
Com. Reg. No.: |
36-001763 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.202.048
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40102TG1973PTC001763
(New) U99999AP1973PTC001763
(Old) |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDU00425F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU2690P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of publishing
“Eenadu”, a Telugu daily through its Publications division, manufacturing of
pickles, pastes and ready to eat food items through its Foods division,
generation of green energy through its Power divisions and providing event
and web based services through its e-business division. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 29767000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company incorporated during the year
1973 having good track record. Available financial indicates company’s strong financial risk profile
marked by healthy networth position with low borrowings and favorable gap
between trade payable and trade receivable. Fundamentals of the company are strong and healthy. Trade relations reported as fair. Business is active. Payment terms
are reported to be regular and as per commitment. In view of long track record and strong financial base, the company
can be considered good for normal business dealing 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 |
ICRA |
|
Rating |
Long-Term Loans: AA- |
|
Rating Explanation |
Adequate degree of safety and carry low credit risk. |
|
Date |
June 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short-Term: A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
June 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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Shyam Rao |
|
Designation : |
Assistant Manager - Finance |
|
Contact No.: |
91-40-23318181 |
|
Date : |
13.07.2015 |
LOCATIONS
|
Registered Office : |
Enadu Compound,
6-3-570, Somajiguda, Hyderabad – 500 082, Telangana, India |
|
Tel. No.: |
91-40-23318181 |
|
Fax No.: |
91-40-23318555/ 23323186 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
6 storied |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.A1/1 (Part), Block No.3, IDA, Uppal, Hyderabad – 500 082, Telangana, India |
|
Tel. No.: |
91-40-27200351/ 27720354/ 23220446/ 232200440/ 232200421 |
|
Fax No.: |
91-40-27200248/ 27202596 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ramoji Rao |
|
Designation : |
Director |
|
Address : |
Chairman’s Residence, Ramoji Film City, Ranga Reddy – 501 542, Telangana, India |
|
Date of Birth/Age : |
16.11.1936 |
|
Date of Appointment : |
12.08.1974 |
|
DIN No.: |
00089012 |
|
|
|
|
Name : |
Mr. Atluri Ramamohana Rao |
|
Designation : |
Director |
|
Address : |
104, Jubilee Hills Co-Operative Housing Society Colony, Jubilee Hills,
Hyderabad – 500 034, Telangana,
India |
|
Date of Birth/Age : |
05.10.1935 |
|
Date of Appointment : |
05.03.1986 |
|
DIN No.: |
01557190 |
|
|
|
|
Name : |
Mr. Kiron Cherukuri |
|
Designation : |
Managing Director |
|
Address : |
8-2-293/82/A/1220, Road No.36, Jubilee Hills, Hyderabad – 500 034, Telangana, India |
|
Date of Birth/Age : |
21.05.1962 |
|
Date of Appointment : |
01.01.1989 |
|
DIN No.: |
00833663 |
|
PAN No.: |
ABUPC7202K |
|
|
|
|
Name : |
Mr. Venkat Idupuganti |
|
Designation : |
Director |
|
Address : |
10-3-56/401, Ranga Fort, East Marredpally, Secunderabad – 500 026, Telangana, India |
|
Date of Birth/Age : |
14.10.1947 |
|
Date of Appointment : |
01.01.1989 |
|
DIN No.: |
00089679 |
|
PAN No.: |
AAEPI6125N |
|
|
|
|
Name : |
Mrs. Vijayeswari Cherukuri |
|
Designation : |
Director |
|
Address : |
Chairman’s Residence, Ramoji Film City, Ranga Reddy – 501 542, Telangana, India |
|
Date of Birth/Age : |
20.04.1969 |
|
Date of Appointment : |
18.10.2012 |
|
DIN No.: |
00089722 |
|
PAN No.: |
ADLPC5555A |
|
|
|
|
Name : |
Sailaja Cherukuri |
|
Designation : |
Director |
|
Address : |
8-2-293/82/A/1220, Road No.36, Jubilee Hills, Hyderabad – 500 034, Telangana, India |
|
Date of Birth/Age : |
28.11.1965 |
|
Date of Appointment : |
18.10.2012 |
|
DIN No.: |
00093906 |
|
|
|
|
Name : |
Sahari Cherukuri |
|
Designation : |
Director |
|
Address : |
8-2-293/82/A/1220, Road No.36, Jubilee Hills, Hyderabad – 500 034, Telangana, India |
|
Date of Birth/Age : |
23.07.1993 |
|
Date of Appointment : |
18.10.2012 |
|
DIN No.: |
06408368 |
KEY EXECUTIVES
|
Name : |
Mr. Srinivas Gajjala |
|
Designation : |
Secretary |
|
Address : |
Flat No.5C, A.R. Elegance Apartments, 2-2-647/77/G/23/24, SBI Officers
Colony, Bagh Amberpet, Hyderabad – 500 013, Telangana, India |
|
Date of Birth/Age : |
04.02.1958 |
|
Date of Appointment : |
01.10.1996 |
|
Pan No.: |
ACWPG9764F |
|
|
|
|
Name : |
Mr. Shyam Rao |
|
Designation : |
Assistant Manager - Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ramoji Rao (HUF) |
|
72600 |
|
T.V. Krishna Rao |
|
100 |
|
Atluri Ramamohana Rao |
|
20 |
|
Manpower Selection and Management Services Private Limited, India |
|
10 |
|
Kiron Cherukuri (HUF) |
|
4270 |
|
Equator Trading Enterprises Private Limited, India |
|
27500 |
|
Shinano Retail Private Limited, India |
|
21750 |
|
Margadarsi Chit Fund Private Limited, India |
|
900010 |
|
Ushakiron Movies Limited, India |
|
720010 |
|
Colorama Printers Private Limited |
|
274210 |
|
Total
|
|
2020480 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
96.20 |
|
Directors
or relatives of directors |
|
3.80 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of publishing
“Eenadu”, a Telugu daily through its Publications division, manufacturing of pickles,
pastes and ready to eat food items through its Foods division, generation of
green energy through its Power divisions and providing event and web based
services through its e-business division. |
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Products/ Services : |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Brahmayya and
Company Chartered
Accountants |
|
Address : |
403 and 404,
Golden Green Apartments, E Manzil Colony, Somajiguda, Hyderabad, Telangana,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFA4921K |
|
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|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
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Subsidiary Companies : |
|
|
|
|
|
Enterprises controlling the reporting enterprise
: |
|
|
|
|
|
Enterprises over which the Shareholders of the Company, KMP/relatives
of KMP exercise Control or significant influence: |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.100/- each |
Rs.1500.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2020480 |
Equity Shares |
Rs.100/- each |
Rs.202.048
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 |
202.048 |
12.628 |
12.628 |
|
(b) Reserves & Surplus |
10216.459 |
9313.396 |
8570.364 |
|
(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) |
10418.507 |
9326.024 |
8582.992 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
1401.250 |
1507.763 |
142.065 |
|
(b) Deferred tax liabilities (Net) |
76.550 |
17.432 |
0.000 |
|
(c) Other long term liabilities |
396.954 |
322.143 |
283.048 |
|
(d) Long-term provisions |
298.536 |
305.138 |
204.220 |
|
Total Non-current Liabilities (3) |
2173.290 |
2152.476 |
629.333 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
237.222 |
388.283 |
336.145 |
|
(b) Trade payables |
712.623 |
532.980 |
535.970 |
|
(c) Other current liabilities |
501.280 |
387.932 |
244.941 |
|
(d) Short-term provisions |
75.891 |
38.012 |
36.981 |
|
Total Current Liabilities (4) |
1527.016 |
1347.207 |
1154.037 |
|
|
|
|
|
|
TOTAL |
14118.813 |
12825.707 |
10366.362 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3943.821 |
3360.257 |
2520.989 |
|
(ii) Intangible Assets |
48.423 |
45.246 |
25.784 |
|
(iii) Capital work-in-progress |
42.063 |
273.967 |
93.590 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2427.903 |
2427.114 |
2419.600 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
207.202 |
170.700 |
258.707 |
|
(e) Other Non-current assets |
4.705 |
2.281 |
8.063 |
|
Total Non-Current Assets |
6674.117 |
6279.565 |
5326.733 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
479.720 |
404.164 |
140.242 |
|
(b) Inventories |
1898.702 |
1432.723 |
1372.946 |
|
(c) Trade receivables |
1362.115 |
1471.238 |
1218.947 |
|
(d) Cash and cash equivalents |
2195.382 |
2036.287 |
1310.642 |
|
(e) Short-term loans and advances |
206.614 |
124.377 |
110.604 |
|
(f) Other current assets |
1302.163 |
1077.353 |
886.248 |
|
Total Current Assets |
7444.696 |
6546.142 |
5039.629 |
|
|
|
|
|
|
TOTAL |
14118.813 |
12825.707 |
10366.362 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
TURNOVER |
14856.000 |
13110.000 |
11901.900 |
|
|
|
|
|
|
|
|
|
|
|
Sale of Newspapers |
2214.900 |
1700.500 |
1487.300 |
|
|
|
Advertisement Revenue |
5568.200 |
5314.500 |
4767.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1907.500 |
1617.000 |
1417.500 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
194.000 |
110.100 |
42.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1713.500 |
1506.900 |
1375.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
473.500 |
356.200 |
304.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT FOR THE
YEAR BEFORE EXCEPTIONAL ITEMS |
1240.000 |
1150.700 |
1070.400 |
|
|
|
|
|
|
|
|
|
Add/ Less |
EXCEPTIONAL
ITEMS OF EXPENDITURE |
7.500 |
80.200 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1232.500 |
1070.500 |
1070.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
424.100 |
327.400 |
219.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
808.400 |
743.100 |
851.100 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
400.10
|
5884.54 |
6739.78 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
338.750 |
160.000 |
0.000 |
|
Net cash flows from (used in) operations |
1429.029 |
1327.853 |
2581.702 |
|
Net cash flows from (used in) operating
activities |
881.682 |
778.216 |
2967.643 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Turnover) |
(%) |
5.44 |
5.67 |
7.15 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Turnover) |
(%) |
12.84 |
12.33 |
11.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.58 |
10.57 |
13.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.11 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.19 |
0.22 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.88 |
4.86 |
4.37 |
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 |
12.628 |
12.628 |
202.048 |
|
Reserves & Surplus |
8570.364 |
9313.396 |
10216.459 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
8582.992 |
9326.024 |
10418.507 |
|
|
|
|
|
|
Long-term borrowings |
142.065 |
1507.763 |
1401.250 |
|
Short term borrowings |
336.145 |
388.283 |
237.222 |
|
Current maturities of
long-term debts |
0.000 |
160.000 |
338.750 |
|
Total borrowings |
478.210 |
2056.046 |
1977.222 |
|
Debt/Equity ratio |
0.056 |
0.220 |
0.190 |
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) |
|
Turnover |
11901.900 |
13110.000 |
14856.000 |
|
|
|
10.150 |
13.318 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover |
11901.900 |
13110.000 |
14856.000 |
|
Profit |
851.100 |
743.100 |
808.400 |
|
|
7.15% |
5.67% |
5.44% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity-Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
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 |
NATURE OF
OPERATIONS:
The Company is a Company registered under Indian Companies Act, 1956.
The Company was engaged in the business of publishing “Eenadu”, a Telugu daily
through its Publications division, manufacturing of pickles, pastes and ready
to eat food items through its Foods division, generation of green energy
through its Power divisions and providing event and web based services through
its e-business division.
BUSINESS OPERATIONS:
PUBLICATIONS
DIVISION:
Eenadu continues to be the market leader and added significant number of
new readers during the year. The income from sale of newspapers amounted to
Rs.2214.900 million and advertisement revenue amounted to Rs.5568.200 million
during the year, when compared to Rs.1700.500 million and Rs.5314.500 million
respectively in the previous year. Advertising revenue increased by about 5%
compared to previous year due to subdued ad spends on print in Andhra Pradesh.
Some of the segments like retail and real estate sectors reduced their ad
spends, due to the disturbed conditions in the State. Events and other ground
support activities in tandem with Print advertising were provided to the
clients, apart from reader engagement initiatives which have yielded
encouraging results, while creating opportunities for monetizing the same.
Increase in staff costs and other operating costs apart from higher interest
cost on account of the loans availed for expansion and modernization, had an
impact on profitability margins during the year under review.
RENEWABLE ENERGY:
The Wind Turbine Generators at Rathkuriya, in the State of Rajasthan (5
MW) and at Mamatkheda in the State of Madhya Pradesh (6.3 MW) are performing
satisfactorily by generating the rated power which is fed into the respective
State Grids. During the year, the Company has established a 6.5 MW Solar power
plant near Mahboobnagar, in continuation of its initiatives in renewable
energy. The Directors intend to make further investments in future in view of
the growing importance of developing renewable energy sources and its potential
in the long run, in pursuance of their commitment towards sustainable
environment.
FOODS DIVISION:
The sale of food products during the year are higher by 16% mainly due
to increased sales in domestic markets, backed by pickles, spice powders and
Priya range of oils. The market conditions for the food processing sector are
encouraging and favourable for growth in the long term. Your Directors are
planning to expand the product range, and increase the market presence in all
regions.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Fully convertible debentures others (Each OFCD is to be converted into 6 equity shares of the company @
Rs.150/- per share at the election of the OFCDs holders at any point of time
beginning from date of allotment i.e. 30.03.2012, till expiry of 7 years from
the said date. In case any OFCD holder does not exercise the conversion
Election during the above period on the expiry of 7 years the company has to
redeem the said debentures. As the variables are indeterminate at present
regarding redemption no Debenture Redemption Reserve is created during the
year.) |
0.000 |
284.130 |
|
Total
|
0.000 |
284.130 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Contingent
liabilities not provided for: |
|
|
|
Claims against the Company not acknowledged as
debts |
592.570 |
368.960 |
|
Outstanding bank guarantees |
3.100 |
3.825 |
|
Direct taxes |
2123.157 |
2868.696 |
|
Guarantees given by the Company |
-- |
3.400 |
|
Arrears of salaries and wages as per Bachawat
Award |
24.418 |
24.418 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Leasehold Improvements
·
Computer Equipments
·
Office Equipments
Intangible
Assets
·
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, 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 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.63.46 |
|
UK Pound |
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.70.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
64 |
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.