MIRA INFORM REPORT
|
Report No. : |
332606 |
|
Report Date : |
23.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NCL ALLTEK AND SECCOLOR LIMITED (w.e.f. 24.03.2004) |
|
|
|
|
Formerly Known
As : |
ALLTEX COATING PRODUCTS LIMITED NCL ALLTEK LIMITED NCL FINANCE AND LEASING LIMITED
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Registered
Office : |
Bindu Elegency, Plot No. 1, Ganga Enclave, Petbasheerabad, Quthubdullapur,
Hyderabad - 500067, Telangana |
|
Tel. No.: |
91-40-49693333 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
11.07.1986 |
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|
|
|
Com. Reg. No.: |
36-006601 |
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|
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|
Capital Investment
/ Paid-up Capital : |
Rs. 57.849 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200TG1986PLC006601 |
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|
|
|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCA9318G |
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|
Legal Form : |
A Closely Held Public Limited Liability
Company |
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|
Line of Business
: |
The Company consists of two divisions namely Alltek and Seccolor. ·
Alltek is the manufacturer of spray plasters.
It is also manufacturing emulsion paints including textured paints, The
Company now manufactures White cement based putty and other Cement based
products like Tile adhesive, Mortars and Plasters.
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|
|
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2200000 |
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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 incorporated during the year 1986
having a satisfactory track record. For the financial year 2014, the company possesses healthy operational
activity marked by decent sales turnover along with profitability margin of
5.5%. Further the company has good financial risk profile along with healthy
net worth position and good gap between trade payable and receivables. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. In view of long business track record and good liquidity profile, the
company can be considered normal 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
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) 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 DENIED BY
|
Name : |
Mrs. Nirmala |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-40-49693333 |
|
Date : |
21.07.2015 |
|
|
|
|
Name : |
Mr. Sharma |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-9866168883 |
|
Date : |
21.07.2015 |
LOCATIONS
|
Registered Office : |
Bindu Elegency, Plot No. 1, Ganga Enclave, Petbasheerabad,
Quthubdullapur, Hyderabad - 500067, Telangana, India |
|
Tel. No.: |
91-40-49693333 |
|
Fax No.: |
91-40-27165562 |
|
E-Mail : |
companysecretary@nclseccolor.com |
|
Website : |
www.nclalltek.com |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Bimal Vinodrai Goradia |
|
Designation : |
Whole-Time Director |
|
Address : |
Shreeji Plot No 101 Ncl Enclave,
Petbasheerabad, Hyderabad - 500055, Telangana, India |
|
Date of Birth/Age : |
21.01.1961 |
|
Date of Appointment : |
17.08.1998 |
|
DIN No.: |
01200464 |
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|
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|
Name : |
Mr. Ashven Datla |
|
Designation : |
Director |
|
Address : |
Flat no.102, Serenity, Plot No.415,, Road No.22, Jubilee Hills, Hyderabad - 500033, Telangana, Telangana, India |
|
Date of Birth/Age : |
03.10.1974 |
|
Date of Appointment : |
27.02.2008 |
|
DIN No.: |
01837573 |
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|
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|
Name : |
Mrs. Shilpa Datla |
|
Designation : |
Director |
|
Address : |
302, Anisritha Apts, Road No 81, Film
Nagar, Jubliee Hills, Hyderabad - 500033, Telangana, India |
|
Date of Birth/Age : |
25.04.1982 |
|
Date of Appointment : |
27.03.2010 |
|
DIN No.: |
02666397 |
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|
|
|
Name : |
Mr. Ambujodar Reddy Kanala |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No 502 Jyothi Heavens, Plot No 59 Srinagar Colony, Hyderabad - 500073, Telangana, India |
|
Date of Birth/Age : |
14.07.1956 |
|
Date of Appointment : |
31.01.2004 |
|
DIN No.: |
01194127 |
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|
|
|
Name : |
Mr. Somaraju Sakhineti |
|
Designation : |
Whole-Time Director |
|
Address : |
144 NCL Enclave, Petbasheerabad, Medchal
Road, Hyderabad - 500055, Telangana, India |
|
Date of Birth/Age : |
28.08.1950 |
|
Date of Appointment : |
25.07.2011 |
|
DIN No.: |
05233484 |
|
|
|
|
Name : |
Mr. Sagiraju Satyanarayana Raju |
|
Designation : |
Director |
|
Address : |
HIG 425, bhel, Ramachandrapuram, Hyderabad - 500055, Telangana, India |
|
Date of Birth/Age : |
01.04.1946 |
|
Date of Appointment : |
25.01.2012 |
|
DIN No.: |
01764474 |
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|
|
|
Name : |
Mr. Tarun Sandeep Gottumukkala |
|
Designation : |
Director |
|
Address : |
H.no 45-11, Upperguda Moulalai, Hyderabad
- 500055, Telangana, India |
|
Date of Birth/Age : |
27.06.1985 |
|
Date of Appointment : |
31.12.2012 |
|
DIN No.: |
03141958 |
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|
|
|
Name : |
Mr. Sudheer Kanumilli |
|
Designation : |
Director |
|
Address : |
Flat no 604, Hallmark Ksn Residency, Survey
No.56, Kondapur, Serilingampally, Kothaguda, Kv Rangareddy, 500084, Hyderabad,
Telangana, India |
|
Date of Birth/Age : |
01.08.1955 |
|
Date of Appointment : |
23.08.2014 |
|
DIN No.: |
06951756 |
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|
|
|
Name : |
Mr. Jayabharat Reddy Koti |
|
Designation : |
Director |
|
Address : |
6-3-1186/6, Begumpet, Hyderabad - 500055, Telangana, India |
|
Date of Birth/Age : |
12.04.1937 |
|
Date of Appointment : |
31.01.2004 |
|
DIN No.: |
00038342 |
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|
|
|
Name : |
Mr. Kanna Reddy Mandadi |
|
Designation : |
Director |
|
Address : |
Plot No. 550, Road No 92, Opp Micro Wave
Tower, Jubilee Hills, Hyderabad - 500055, Telangana, India |
|
Date of Birth/Age : |
18.07.1934 |
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Date of Appointment : |
24.09.2008 |
|
DIN No.: |
00040440 |
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|
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|
Name : |
Mr. Sundaresan Vembu |
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Designation : |
Director |
|
Address : |
H.NO.289/70, III Main Road, Shanthi Nagar, Hyderabad - 500055, Telangana, India |
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Date of Birth/Age : |
30.06.1926 |
|
Date of Appointment : |
22.11.1986 |
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DIN No.: |
01150110 |
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|
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|
Name : |
Mrs. Pooja Kalidindi |
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Designation : |
Additional director |
|
Address : |
Plot no. 140, NCL Enclave,
Petbasheerabad, Qutubullahpur, Rangareddy, Hyderabad - 500055,
Telangana, India |
|
Date of Birth/Age : |
24.09.1984 |
|
Date of Appointment : |
29/09/2014 |
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DIN No.: |
03496114 |
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|
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|
Name : |
Mr. Madhu Kalidindi |
|
Designation : |
Managing director |
|
Address : |
NCL NO.140, Pet Basheerabad, Quthbullapur, Hyderabad - 500055, Telangana, India |
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Date of Birth/Age : |
01.07.1956 |
|
Date of Appointment : |
27.05.2000 |
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DIN No.: |
00040253 |
KEY EXECUTIVES
|
Name : |
Mrs. Nirmala |
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|
Accounts Manager |
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|
Name : |
Mr. Sharma |
|
Designation : |
Purchase Manager |
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|
Name : |
Divyabharathi U |
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Designation : |
Secretary |
|
Address: |
H.NO: 46-16, Bhagath Singh Nagar, Chinthal, Hmt Road, Hyderabad - 500054, Telangana, India |
|
Date of Appointment : |
21.08.2013 |
|
PAN No.: |
ACFPU7640H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
SHARE HOLDER FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Mutual |
8.49 |
|
Bodies corporate |
1.20 |
|
Directors or relatives of Directors |
72.45 |
|
Other top fifty shareholders |
3.58 |
|
Other |
14.28 |
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|
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not 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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
K.R. Bapuji and Company Chartered Accountants |
|
Address : |
1-65/29, Plot No. 29, Kavuri Hills Phase- 3, Guttalabegampet Madhapur Opposite Mosaica International School, Hyderabad - 500081, Telangan, India India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFK3667N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate Company: |
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Subsidiary
Companies: |
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Enterprise where
KMP have significant influence or control: |
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CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 Million |
|
|
|
|
|
Issued, Subscribed
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6960486 |
Equity Shares |
Rs.10/- each |
Rs. 69.605
Million |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5784868 |
Equity Shares |
Rs.10/- each |
Rs. 57.849
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 |
57.849 |
57.849 |
57.849 |
|
(b) Reserves & Surplus |
738.450 |
682.999 |
632.178 |
|
(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) |
796.299 |
740.848 |
690.027 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
66.200 |
78.793 |
107.408 |
|
(b) Deferred tax liabilities (Net) |
14.949 |
15.482 |
17.394 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
4.260 |
|
(d) long-term
provisions |
21.295 |
21.403 |
17.642 |
|
Total Non-current
Liabilities (3) |
102.444 |
115.678 |
146.704 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
208.981 |
149.099 |
169.842 |
|
(b) Trade
payables |
56.195 |
51.514 |
38.841 |
|
(c) Other
current liabilities |
159.138 |
157.168 |
164.568 |
|
(d) Short-term
provisions |
47.246 |
39.293 |
46.950 |
|
Total Current
Liabilities (4) |
471.560 |
397.074 |
420.201 |
|
|
|
|
|
|
TOTAL |
1370.303 |
1253.600 |
1256.932 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
335.131 |
333.917 |
340.967 |
|
(ii)
Intangible Assets |
0.756 |
0.090 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
1.735 |
10.466 |
4.605 |
|
(b) Non-current Investments |
202.930 |
202.930 |
197.630 |
|
(c) Deferred tax assets (net) |
|
|
|
|
(d) Long-term Loan and Advances |
187.460 |
167.573 |
119.114 |
|
(e) Other
Non-current assets |
|
|
|
|
Total Non-Current
Assets |
728.012 |
714.976 |
662.316 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
159.531 |
151.581 |
154.689 |
|
(c) Trade
receivables |
300.700 |
312.501 |
287.471 |
|
(d) Cash
and cash equivalents |
19.728 |
19.161 |
29.600 |
|
(e)
Short-term loans and advances |
149.201 |
34.912 |
101.775 |
|
(f) Other current
assets |
12.131 |
20.469 |
21.081 |
|
Total
Current Assets |
641.291 |
538.624 |
594.616 |
|
|
|
|
|
|
TOTAL |
1369.303 |
1253.600 |
1256.932 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1401.898 |
1293.627 |
1210.742 |
|
|
Other Income |
29.985 |
26.353 |
22.523 |
|
|
TOTAL
|
1431.883 |
1319.980 |
1233.265 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
641.781 |
582.320 |
551.018 |
|
|
Purchases of Stock-in-Trade |
310.977 |
285.039 |
256.799 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.883 |
(0.312) |
(4.774) |
|
|
Employees benefits expense |
138.765 |
139.013 |
126.690 |
|
|
Other expenses |
137.927 |
128.433 |
113.992 |
|
|
Exceptional Item |
(2.518) |
0.000 |
(21.327) |
|
|
TOTAL
|
1229.815 |
1134.493 |
1022.398 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
202.068 |
185.487 |
210.867 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
43.606 |
44.320 |
41.633 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
158.462 |
141.167 |
169.234 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
21.625 |
21.031 |
19.620 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
136.837 |
120.136 |
149.614 |
|
|
|
|
|
|
|
Less |
TAX |
47.546 |
38.931 |
46.265 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
89.291 |
81.205 |
103.349 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
62.500 |
55.000 |
65.000 |
|
|
Dividend |
28.924 |
26.032 |
31.817 |
|
|
Total
|
91.424 |
81.032 |
96.817 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(2.133) |
0.173 |
6.532 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.832 |
0.000 |
0.000 |
|
|
Components and Stores parts |
0.000 |
0.003 |
0.030 |
|
|
Capital Goods |
3.892 |
2.782 |
0.000 |
|
|
TOTAL
IMPORTS |
4.724 |
2.785 |
0.030 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
15.43 |
14.04 |
17.86 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
43.095 |
53.771 |
4.260 |
|
Cash generated from operations |
0.000 |
0.000 |
0.000 |
|
Net cash flow from operating activity |
55.639 |
182.054 |
59.707 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.37 |
6.28 |
8.54 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.41 |
14.34 |
17.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.75 |
11.55 |
14.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.16 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.40 |
0.38 |
0.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.36 |
1.42 |
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 |
57.849 |
57.849 |
57.849 |
|
Reserves & Surplus |
632.178 |
682.999 |
738.450 |
|
Net
worth |
690.027 |
740.848 |
796.299 |
|
|
|
|
|
|
long-term borrowings |
107.408 |
78.793 |
66.200 |
|
Short term borrowings |
169.842 |
149.099 |
208.981 |
|
Current maturities of long-term
debts |
4.260 |
53.771 |
43.095 |
|
Total
borrowings |
281.510 |
281.663 |
318.276 |
|
Debt/Equity
ratio |
0.408 |
0.380 |
0.400 |
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) |
|
Sales |
1210.742 |
1293.627 |
1401.898 |
|
|
|
6.846 |
8.370 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1210.742 |
1293.627 |
1401.898 |
|
Profit |
103.349 |
81.205 |
89.291 |
|
|
8.54% |
6.28% |
6.37% |
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 |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
OPERATIONS
The turnover of the company increased by about 9% with increase of 10% in the profitability of the company. However efforts would continue to improve the efficiencies and reduction of costs. The Directors are contemplating several measures to improve the profitability, including enhancement in the capacities of the UPVC windows in Seccolor Division and cement based low weight bricks (AAC Blocks) in the Alltek Division, which are showing more growth prospects.
UNSECURED
LOAN (Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term Loan From Other |
0.000 |
0.310 |
|
|
|
|
|
Total |
0.000 |
0.310 |
INDEX OF CHARGES:
|
.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10559820 |
13/03/2015 |
230,000,000.00 |
STATE BANK OF
HYDERABAD |
STATE BANK OF
HYDERABAD, IFB, TOPAZ BUILDING, PAN |
C49377047 |
|
2 |
10541191 |
23/12/2014 |
250,000,000.00 |
IFCI LIMITED |
IFCI TOWER61
NEHRU PLACE, NEW DELHI, DELHI - 11001 |
C39539556 |
|
3 |
10444465 |
29/06/2013 |
50,000,000.00 |
CORPORATION BANK |
3-6-285, AMEER
MAHAL APARTMENTS, HYDERGUDA, HYDERABAD - 500082, TELANGANA, INDIA |
B82762055 |
|
4 |
10315164 |
30/09/2011 |
35,000,000.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,, DISTRICT
CENTRE, SAKET, NEW DELHI, DELHI - 110017, INDIA |
B24345712 |
|
5 |
10315172 |
30/09/2011 |
65,000,000.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, NEW DELHI, DELHI - 110017, INDIA |
B24347452 |
|
6 |
10025965 |
25/09/2012 * |
200,000,000.00 |
State Bank of
Hyderabad |
INDUSTRIAL
FINANCE BRANCH,TOPAZ BUILDING, AMRUTHA |
B59282129 |
|
7 |
90118376 |
27/01/1992 * |
3,000,000.00 |
S.B.I. |
SECUNDERABAD, SECUNDERABAD,
ARUNACHAL PRADESH, INDIA |
- |
|
8 |
90118220 |
17/08/1988 |
10,000,000.00 |
STATE BANK OF
INDIA |
SECUNDERABAD,
MAIN BRANCH, SECUNDERABAD, 2, INDIA |
- |
FIXED ASSETS
- Land
- Balding
- Factory
Equipment
- Plant and
Equipment
- Furniture and
Fixture
- Vehicle
- Computer
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.63.52 |
|
|
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
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 |
|
45 |
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.