MIRA INFORM REPORT
|
Report No. : |
332767 |
|
Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GERDAU STEEL INDIA LIMITED (w.e.f.
25.02.2013) |
|
|
|
|
Formerly Known
As : |
KALYANI GERDAU STEELS LIMITED (w.e.f 08.10.2008) SJK STEEL PLANT LIMITED (w.e.f. 05.02.2004) SJK STEEL CORPORATION LIMITED (w.e.f. 22.03.1995) TADIPATRI METAL INDIA LIMITED (w.e.f. 20.07.1994 ) SUJANA METAL INDIA LIMITED |
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Registered
Office : |
Village Jambulapadu, Tadipatri Mandal, Ananthpur – 515411,
Andhra Pradesh |
|
Tel. No.: |
91-80-30262205 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
16.03.1993 |
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|
|
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Com. Reg. No.: |
01-015499 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 23.923 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U27109AP1993PLC015499 |
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|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS07829D |
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|
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PAN No.: [Permanent Account No.] |
AACCS8629N |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Special Steel. |
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|
|
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Gerdau Europe SAY CIA S.R.C.” and
established during the year 1993. It has a moderate track record. For the financial year 2014, the company has possesses a moderate
financial risk profile marked negative reserves and huge borrowings taken by
the company. Management has reported average sales turnover and huge accumulated
losses. However, trade relations are reported as fair. Business is active.
Payment terms are slow. In view of moderate liquidity profile, the company can be considered
for business dealings with some cautions. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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) DEFAILTERS’ 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 DENIED
Management non co-operative (91-80-30262205)
LOCATIONS
|
Registered Office : |
Village Jambulapadu, Tadipatri Mandal, Ananthpur – 515411,
Andhra Pradesh, India |
|
Tel. No.: |
91-80-30262205 |
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Fax No.: |
91-8558-306111 |
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E-Mail : |
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Website : |
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Head Office : |
304/305, World Trade Centre, Bangalore Brigade Gateway Complex, # 26/1
Dr. Rajkumar Road, Malleswaram (West), Bangalore – 560055, Karnataka, India |
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Tel. No.: |
91-80-30262205 |
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Fax No.: |
91-80-30262240 |
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Factory : |
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|
Tel. No.: |
91-8558-220222 / 228 / 372 / 306168 |
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Fax No.: |
91-8558-211299 / 688 / 306111 |
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|
|
|
Branch : |
Office No. 402, Lunkad Skymax Viman Nagar, Pune – 411014, Maharashtra
India |
DIRECTORS
AS ON 22.12.2014
|
Name : |
Mr. Yalamanchili Jithin Kumar
|
|
Designation : |
Director |
|
Address : |
Plot No. 320, New MLA and MPS Colony, Road No. 10 C, Jubilee Hills, |
|
Date of Birth/Age : |
09.06.1955 |
|
Qualification : |
B Com |
|
Date of Appointment : |
30.06.1994 |
|
DIN No.: |
00099750 |
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|
|
|
Name : |
Mr. Yalamanchili Janardhana Rao |
|
Designation : |
Director |
|
Address : |
Plot No. 299, New MLA and MPS Colony, Road No. 10 C, Jubilee Hills, |
|
Date of Birth/Age : |
09.01.1932 |
|
Qualification : |
Bachelor of Engineering |
|
Date of Appointment : |
29.09.2001 |
|
DIN No.: |
00099891 |
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|
|
|
Name : |
Mark Anthony Marcucci |
|
Designation : |
Director |
|
Address : |
4932 Country LN, Jackson, USA |
|
Date of Appointment : |
31.12.2013 |
|
DIN No.: |
06456919 |
|
|
|
|
Name : |
Hildo Baldasso Alberto |
|
Designation : |
Director |
|
Address : |
855, Rua Fortugai Sao road , Porto Alegre, Brazil |
|
Date of Birth/Age : |
30.10.1954 |
|
Date of Appointment : |
31.12.2013 |
|
DIN No.: |
06721731 |
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|
|
|
Name : |
Sridhar Krishnamoorthy |
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Designation : |
Managing director |
|
Address : |
Flat No.802, Residency Apartments, (New 62) old 5C/23, Sardar Patel Road, Chennai, Tamilnadu, India |
|
Date of Birth/Age : |
07.10.1961 |
|
Date of Appointment : |
31.12.2013 |
|
DIN No.: |
06738209 |
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|
|
|
Name : |
Ricardo Sendim Fioramonte |
|
Designation : |
Director |
|
Address : |
1447, Bicentennial Parkway Ann Arbor, United States of America |
|
Date of Birth/Age : |
29.06.1967 |
|
Date of Appointment : |
31.12.2013 |
|
DIN No.: |
06771381 |
|
|
|
|
Name : |
Jose Fernando Vedana |
|
Designation : |
Whole Time Director |
|
Address : |
Apartment 82, Tower 6, Pebble Bay Dollars, Colony RMV, 2nd Stage, Bangalore – 560094, Karnataka, India |
|
Date of Birth/Age : |
12.11.1964 |
|
Date of Appointment : |
28.10.2014 |
|
DIN No.: |
|
KEY EXECUTIVES
|
Name : |
Satishkumar S Seetharamaiah |
|
Designation : |
Secretary |
|
Address : |
46, CRS 1st Phs Rajeswari Nagar, 5th Stg, Beml
Lyt, Bangalore – 560098, Karnataka, India |
|
Date of Birth/Age : |
22.09.1974 |
|
Date of Appointment : |
05.12.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.12.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Y. Jithin Kumar s/o Janardhana
Rao |
|
35200 |
|
Y. Jithin Kumar (HUF) |
|
3481406 |
|
Y. Uma Rani w/o Jithin Kumar |
|
598170 |
|
Optrex Finexim Private Limited |
|
1512880 |
|
Y. Janardhana Rao s/o Satyanarayana Choudhary |
|
402 |
|
Y. Susheela Kumari w/o Y. Janardhana Rao |
|
802 |
|
S.K. Gupta |
|
1200 |
|
Mala Gupta |
|
1200 |
|
Monika Bose |
|
59440 |
|
Paramount Sinters Private Limited, India |
|
32000 |
|
Power Max India Private Limited, India |
|
99200 |
|
Stressed Assets Stabilisation Fund |
|
20000000 |
|
Punjab National Bank |
|
340000 |
|
Gerdau Holdings Europa S A Y
CIA, SRC |
|
2200855437 |
|
Sridhar Krishnamoorthy s/o K N
Krishnamoorthy |
|
1 |
|
Gustavo Werneck Da Cunha s/o Mr.
Romualdo Rodolfo Da Cunha |
|
1 |
|
Sham Krishna s/o Mr. Ramaswamy Krishna Bhagawan |
|
1 |
|
Ramaswamy Vishweswaran s/o A Ramaswamy |
|
1 |
|
Mitesh Mehta s/o Mr. Mahesh Mehta |
|
1 |
|
|
|
|
|
Total |
|
227017342 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Y. Jithin Kumar (HUF) |
|
10989394 |
|
Y. Uma Rani w/o Jithin Kumar |
|
1869285 |
|
Optrex Finexim Private Limited |
|
47277501 |
|
Y. Janardhana Rao s/o Satyanarayana Choudhary |
|
1255 |
|
Y. Susheela Kumari w/o Y. Janardhana Rao |
|
2505 |
|
S.K. Gupta |
|
3750 |
|
Mala Gupta |
|
3750 |
|
Monika Bose |
|
185750 |
|
Paramount Sinters Private Limited, India |
|
100000 |
|
Power Max India Private Limited, India |
|
310000 |
|
|
|
|
|
Total |
|
18193439 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.12.2014
|
Category |
Percentage |
|
Nationalised or
other banks |
0.03 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
98.81 |
|
Bodies corporate |
0.07 |
|
Directors or relatives of Directors |
0.03 |
|
Other top fifty shareholders |
1.06 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Special Steel. |
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|
|
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Products : |
Not Divulged |
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|
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Brand Names : |
Not Available |
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|
|
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Agencies Held : |
Not Available |
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|
|
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Ananth Shravan and Company Chartered Accountant |
|
Address : |
335/88, 12th Main, Dr. Rajkumar Road, Rajajinagar, Bangalore – 560010, India |
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PAN No.: |
AAWFA9191N |
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|
|
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Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 22.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2900000000 |
Equity Shares |
Rs.10/- each |
Rs. 29000.000 Million |
|
100000000 |
Preference Shares |
Rs. 10/- each |
Rs. 1000.000 Million |
|
|
Total |
|
Rs. 30000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
227017342 |
Equity Shares |
Rs.10/- each |
Rs. 2270.173
Million |
|
18193439 |
Preference Shares |
Rs. 10/- each |
Rs. 181.934
Million |
|
|
Total |
|
Rs. 2452.107 Million |
AFTER 22.12.2014
Authorised Capital : Rs. 30000.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 23922.826 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000000 |
Equity Shares |
Rs.10/- each |
Rs. 20000.000 Million |
|
|
Total |
|
Rs. 20000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1653522456 |
Equity Shares |
Rs.10/- each |
Rs. 16535.225
Million |
|
|
Total |
|
Rs. 16535.225 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 |
16535.225 |
16335.225 |
6703.158 |
|
(b) Reserves & Surplus |
(11610.205) |
(7973.368) |
(5479.612) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
4409.095 |
200.000 |
2032.374 |
|
Total
Shareholders’ Funds (1) + (2) |
9334.115 |
8561.857 |
3255.920 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7228.653 |
5826.372 |
13522.012 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
38.900 |
|
(d) long-term
provisions |
36.211 |
41.596 |
13.556 |
|
Total Non-current
Liabilities (3) |
7264.864 |
5867.968 |
13574.468 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
5565.009 |
2226.576 |
1353.368 |
|
(c) Other
current liabilities |
1817.892 |
721.949 |
605.113 |
|
(d) Short-term
provisions |
81.429 |
157.043 |
5.467 |
|
Total Current
Liabilities (4) |
7464.330 |
3105.568 |
1963.948 |
|
|
|
|
|
|
TOTAL |
24063.309 |
17535.393 |
18794.336 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10784.615 |
10215.499 |
5838.485 |
|
(ii)
Intangible Assets |
35.243 |
27.085 |
32.317 |
|
(iii)
Capital work-in-progress |
1892.498 |
536.761 |
2953.059 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
84.947 |
84.947 |
84.947 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2073.110 |
1099.768 |
879.389 |
|
(e) Other
Non-current assets |
44.125 |
46.276 |
5838.042 |
|
Total Non-Current
Assets |
14914.538 |
12010.336 |
15626.239 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2501.058 |
3101.182 |
1519.777 |
|
(c) Trade
receivables |
597.953 |
67.824 |
0.105 |
|
(d) Cash
and cash equivalents |
3068.123 |
1398.934 |
1237.132 |
|
(e)
Short-term loans and advances |
2960.927 |
953.666 |
407.412 |
|
(f) Other
current assets |
20.710 |
3.451 |
3.671 |
|
Total
Current Assets |
9148.771 |
5525.057 |
3168.097 |
|
|
|
|
|
|
TOTAL |
24063.309 |
17535.393 |
18794.336 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6863.823 |
647.810 |
0.000 |
|
|
|
Other Income |
167.165 |
157.945 |
40.409 |
|
|
|
TOTAL |
7030.988 |
805.755 |
40.409 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
6609.380 |
2825.866 |
70.817 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(132.069) |
(1333.214) |
0.000 |
|
|
|
Employees benefits expense |
499.069 |
442.482 |
188.068 |
|
|
|
Other expenses |
2368.950 |
1424.187 |
437.128 |
|
|
|
Prior Period Items |
1.115 |
206.632 |
2095.000 |
|
|
|
Exceptional Items |
35.050 |
(157.978) |
(262.776) |
|
|
|
TOTAL |
9381.495 |
3407.975 |
2528.237 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(2350.507) |
(2602.220) |
(2487.828) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
636.785 |
354.664 |
409.681 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(2987.292) |
(2956.884) |
(2897.509) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
649.545 |
408.204 |
344.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(3636.837) |
(3365.088) |
(3241.532) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
1.851 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(3636.837) |
(3365.088) |
(3243.383) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3504.327 |
1519.722 |
1065.473 |
|
|
|
Stores & Spares |
36.233 |
52.401 |
0.000 |
|
|
|
Capital Goods |
4.409 |
572.796 |
135.821 |
|
|
TOTAL IMPORTS |
3544.969 |
2144.919 |
1201.294 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.19) |
(2.03) |
(1.96) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(52.99) |
(519.46) |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(34.24) |
(401.69) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(16.47) |
(19.90) |
(20.57) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.39) |
(0.39) |
(1.00) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.77 |
0.68 |
4.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.78 |
1.61 |
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 |
6703.158 |
16335.225 |
16535.225 |
|
Reserves & Surplus |
(5479.612) |
(7973.368) |
(11610.205) |
|
Share Application money
pending allotment |
2032.374 |
200.000 |
4409.095 |
|
Net
worth |
3255.920 |
8561.857 |
9334.115 |
|
|
|
|
|
|
long-term borrowings |
13522.012 |
5826.372 |
7228.653 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
13522.012 |
5826.372 |
7228.653 |
|
Debt/Equity
ratio |
4.153 |
0.681 |
0.774 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
647.810 |
6863.823 |
|
|
|
959.543 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
647.810 |
6863.823 |
|
Profit |
(3365.088) |
(3636.837) |
|
|
(519.46%) |
(52.99%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
no |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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 |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Deposits from directors |
180.000 |
180.000 |
|
|
|
|
|
Total |
180.000 |
180.000 |
|
|
|
|
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10353517 |
27/03/2012 |
4,310,290.00 |
General Insurance Corporation of India |
"Suraksha", 170, J. Tata Road, Churchgate, MUMBAI, Maharashtra - 400020, INDIA |
B38876017 |
|
2 |
10349779 |
27/03/2012 |
43,736,846.00 |
Punjab National Bank |
CMO, Sanathnagar, Erragadda, 999, Hyderabad, Andhra Pradesh - 500018, INDIA |
B37620119 |
|
3 |
10254036 |
26/11/2010 |
562,773,000.00 |
Punjab National Bank |
CMO, Sanathnagar, Erragadda, 999, Hyderabad, Andhra Pradesh - 500018, INDIA |
B00582874 |
|
4 |
10153308 |
25/02/2009 |
349,350,000.00 |
Axis Bank Limited |
1262/B,Sterling Plaza, Jangli Maharaj Road, Deccan Gymkhanna, Pune, Maharashtra - 411004, INDIA |
A60659083 |
|
5 |
10106334 |
19/06/2008 |
650,000,000.00 |
Axis Bank Limited |
1262/B STERLING
PLAZA JANGLI MAHARAJ ROAD, DECCAN |
A39971072 |
|
6 |
10095240 |
18/03/2008 |
909,522,809.00 |
PUNJAB NATIONAL BANK |
CMO, SANATH NAGAR, ERRAGADDA, HYDERABAD, Andhra Pradesh - 500018, INDIA |
A35474022 |
|
7 |
90138464 |
29/03/2004 * |
165,500,000.00 |
PUNJAB NATIONAL BANK |
SANATHNAGAR, HYDERABAD, Andhra Pradesh, INDIA |
- |
|
8 |
90138429 |
29/03/2004 * |
10,500,000.00 |
THE ORIENTAL BANK OF COMMERCE |
ORIENTAL HOUSE; PB NO. 7037, A-25/27; ASAF ALI ROAD, NEW DELHI, Delhi - 110002, INDIA |
- |
|
9 |
90138424 |
29/03/2004 * |
17,500,000.00 |
GENERAL INSURANCE CORPORATION OF INDIA |
SURAKSHA, 170; J.TATA ROAD, BOMBAY, Maharashtra - 400020, INDIA |
- |
|
10 |
90138414 |
17/03/2003 |
151,510,000.00 |
PUNJAB NATIONAL BANK |
SANATHNAGAR, HYDERABAD, Andhra Pradesh, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
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. 63.49 |
|
UK Pound |
1 |
Rs. 99.43 |
|
Euro |
1 |
Rs. 69.14 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.