MIRA INFORM REPORT
|
Report No. : |
325712 |
|
Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BALAJI AMINES
LIMITED |
|
|
|
|
Registered
Office : |
"Balaji Tower", No. 9/1A/1, Hotgi Road,
Asara Chowk, Solapur - 413224, Maharashtra |
|
Tel no. : |
91-217-2451500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
27.10.1988 |
|
|
|
|
Com. Reg. No.: |
11-049387 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 64.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24132MH1988PLC049387 |
|
|
|
|
IEC No.: |
0390004294 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEB02668B |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Public Limited Liability company. The company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of Methylamines, Ethylamine Derivatives of
specialty chemicals and natural products. |
|
|
|
|
No. of Employees
: |
500 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Subject was established in 1988. Company specialized in manufacturing
Methylamines, Ethylamine’s Derivatives of specialty Chemicals and Natural
Products. Rating takes into consideration healthy financial position of the
company marked by healthy net worth, good profitability and strong liquidity
position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In the view of extensive experience of promoters and established
relationship with the customers, the subject 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
Long Term Rating = A- |
|
Rating Explanation |
Having low risk of default risk. It capacity for payment of financial
commitments is considered strong |
|
Date |
13.02.2014 |
|
Rating Agency Name |
FITCH |
|
Rating |
A2+ [Short Term Bank Facilities] |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
13.02.2014 |
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 PARTED BY
|
Name : |
Ms. Arati Dudhawale |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-217-2451500 |
|
Date : |
03.06.2015 |
LOCATIONS
|
Registered
Office / Hotel Division: |
"Balaji Tower", No. 9/1A/1, Hotgi Road,
Asara Chowk, Solapur - 413224, Maharashtra, India |
|
Tel. No.: |
91-217-2451500 91-217-2451522 (Sales) 91-217-2451527
(Purchase) 91-217-2451528 (Exports) |
|
Fax No.: |
91-217-2620821 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Administrative Office : |
3rd Floor, KPR House, Sardar Patel Road, Secunderabad – 500 003,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-27898206/ 2071 |
|
Fax No. : |
91-40-27816171 |
|
E-Mail : |
infohyd@balajiamines.com |
|
|
|
|
Factory 1 : |
Tamalwadi Village, Tuljapur (TQ), District Osmanabad– 413 623,
Maharashtra, India |
|
Tel. No.: |
91-2471-265013 / 14 / 15 |
|
Fax No.: |
|
|
|
|
|
Factory 2 : |
Plot No. 4 and 5, Beside Apseb Sub Station 2, IDA, Bollaram – 502325,
Medak District, Andhra Pradesh, |
|
Tel. No.: |
91-8458-279240 / 329660 |
|
Fax No.: |
91-8458-279240 / 329660 |
|
Email : |
|
|
|
|
|
Factory 3 : |
Plot No. E-7 and 8 MIDC, Chincholi, Solapur - 413255, Maharashtra,
India |
|
Tel No.: |
91-217-2357051 |
|
Email : |
DIRECTORS
As on: 31.03.2014
|
Name : |
Mr. A. Prathap Reddy |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Mr. N Rajeshwar Reddy |
|
Designation : |
Whole-time Director |
|
|
|
|
Name : |
Mr. D Ram Reddy |
|
Designation : |
Whole-time Director |
|
|
|
|
Name : |
Mr. G Hemanth Reddy |
|
Designation : |
Whole-time Director |
|
|
|
|
Name : |
Mr. A. Srinivas Reddy |
|
Designation : |
Whole Time Director |
|
|
|
|
Name : |
Mr. Kashinath R. Dhole |
|
Designation : |
Whole Time Director |
|
|
|
|
Name : |
Mr. T Naveena Chandra |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. M Amarender Reddy |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. SV Pattabhiraman |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. CSN Murthy |
|
Designation : |
Independent Director |
KEY EXECUTIVES
|
Name : |
Ms. Arati S Dudhawale |
|
Designation : |
Company Secretary |
|
|
|
|
Audit Committee |
|
|
Name : |
Mr. T Naveena Chandra |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. M Amarender Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. CSN Murthy |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. S.V. Pattabhi Raman |
|
Designation : |
Membe |
|
|
|
|
Research And
Development Committee: |
|
|
|
|
|
Name : |
Mr. Prathap Reddy |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. N Rajeshwar Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. G Srinivas Reddy |
|
Designation : |
Member |
|
|
|
|
Stake Holder’s
Relationship Committee : |
|
|
|
|
|
Name : |
Mr. M Amarender Reddy |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. A. Prathap Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. G. Hemanth Reddy |
|
Designation : |
Member |
|
|
|
|
Nomination and
Remuneration Committee : |
|
|
|
|
|
Name : |
Mr. S. V. Pattabhiraman |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. T. Naveena Chandra |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. M. Amarender Reddy |
|
Designation : |
Member |
|
|
|
|
Corporate Social
Responsibility Committee : |
|
|
|
|
|
Name : |
Mr. Kashinath R. Dhole |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. N. Rajeshwar Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. D. Ram Reddy |
|
Designation : |
Member |
MAJOR SHAREHOLDERS
As on 31.03.2015
|
Category
of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A)
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
12849362 |
39.66 |
|
|
4774720 |
14.74 |
|
|
17624082 |
54.39 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
17624082 |
54.39 |
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
12254 |
0.04 |
|
|
12254 |
0.04 |
|
|
|
|
|
|
1685230 |
5.24 |
|
|
|
|
|
|
5299076 |
18.32 |
|
|
6864679 |
21.19 |
|
|
266119 |
0.82 |
|
|
104848 |
0.32 |
|
|
149769 |
0.46 |
|
|
11502 |
0.04 |
|
|
14115104 |
45.57 |
|
Total
Public shareholding (B) |
14127358 |
45.61 |
|
Total
(A)+(B) |
31751440 |
100.00 |
|
(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
31751440 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Methylamines, Ethylamine Derivatives of
specialty chemicals and natural products. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products: |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products: |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
V. Sridhar and Company Chartered Accountants |
|
Address : |
No. 12-2-823/A/78,
Geeta Apartments, Santoshnagar Colony, Mehdipatnam, Hyderabad – 500 028,
Andhra Pradesh, India |
|
|
|
|
Cost Accountant : |
|
|
Name : |
N.V.S. Kapardhi |
|
Address : |
1-9-1113/17/B, Dayanand Nagar, Vidhyanagar, Hyderabad – 500 044, Andhra Pradesh, India |
|
|
|
|
Internal Auditors : |
|
|
Name : |
Aherkar and Company |
|
Address : |
Battin Complex, 35, Ganesh Peth, Solapur-413 005, India |
|
|
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary (As
on 31.03.2014) : |
Bhagyanagar Chemicals Limited |
|
|
|
|
Other Related
Party (As on 31.03.2014) : |
Balaji Greentech Products Limited |
CAPITAL STRUCTURE
As on: 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 64.800
Million
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
Rs.2/- each |
Rs.90.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32401000 |
Equity Shares |
Rs.2/- each |
Rs.64.802
Millions |
|
|
|
|
|
RESTRICTION ON
DISBURSEMENT OF DIVIDEND:
As part of the general
terms and conditions in respect of borrowings from Banks, prior permission
should be taken from the lending Banks before distribution of dividend.
Similarly, the term lenders have imposed a condition that, no dividend shall be
declared in the event of default in the scheduled repayment of installment.
SHAREHOLDER
HOLDING MORE THAN 5% SHARE:
|
NAME OF
SHAREHOLDERS |
NO. OF SHARES |
% OF HOLDING |
|
Ande Prathap Reddy |
4907048 |
15.14 |
|
APR Holdings Investment Private Limited |
4756720 |
14.68 |
|
A. Shakunthala Devi |
1944450 |
6.00 |
|
Ande Prathap Reddy |
1650811 |
5.09 |
During the five
years immediately preceding the financial year 2013-14, the company has not
issued any shares without payment being received in cash, nor issued any bonus shares
and the company did not buy back any shares.
The Company has
only one class of Shares i.e. Equity Shares.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
EQUITY AND
LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
64.800 |
64.802 |
64.802 |
|
(b) Reserves & Surplus |
2312.500 |
1957.602 |
1660.033 |
|
(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) |
2377.300 |
2022.404 |
1724.835 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
728.800 |
859.548 |
1037.246 |
|
(b) Deferred tax liabilities (Net) |
494.700 |
424.351 |
398.212 |
|
(c) Other long term
liabilities |
79.900 |
50.415 |
58.546 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1303.400 |
1334.314 |
1494.004 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1355.500 |
1394.600 |
1055.805 |
|
(b) Trade payables |
441.900 |
869.714 |
355.068 |
|
(c) Other current
liabilities |
376.100 |
415.167 |
363.378 |
|
(d) Short-term
provisions |
178.600 |
177.322 |
211.424 |
|
Total Current
Liabilities (4) |
2352.100 |
2856.803 |
1985.675 |
|
|
|
|
|
|
TOTAL |
6032.800 |
6213.521 |
5204.514 |
|
|
|
|
|
|
I.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3210.800 |
3250.765 |
2340.511 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
31.500 |
81.179 |
629.227 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
7.100 |
7.128 |
7.128 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.400 |
7.431 |
7.536 |
|
(e) Other
Non-current assets |
22.100 |
22.759 |
20.522 |
|
Total Non-Current
Assets |
3278.900 |
3369.262 |
3004.924 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
294.400 |
199.400 |
199.400 |
|
(b) Inventories |
895.300 |
906.350 |
567.520 |
|
(c) Trade receivables |
1149.800 |
1315.261 |
1037.135 |
|
(d) Cash and cash
equivalents |
66.900 |
97.439 |
26.771 |
|
(e) Short-term loans
and advances |
347.500 |
325.809 |
368.764 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
2753.900 |
2844.259 |
2199.590 |
|
|
|
|
|
|
TOTAL |
6032.800 |
6213.521 |
5204.514 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6048.600 |
6101.263 |
5117.960 |
|
|
|
Other Income |
33.900 |
26.026 |
37.103 |
|
|
|
TOTAL (A) |
6082.500 |
6127.289 |
5155.063 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3493.400 |
4034.225 |
2871.720 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
13.700 |
(224.505) |
250.306 |
|
|
|
Employees benefits expense |
244.600 |
158.448 |
129.006 |
|
|
|
Other expenses |
1273.300 |
1222.937 |
1064.768 |
|
|
|
Exceptional items |
0.000 |
0.000 |
(1.188) |
|
|
|
TOTAL (B) |
|
5191.105 |
4314.612 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1057.500 |
936.184 |
840.451 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
314.200 |
315.104 |
254.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
743.300 |
621.080 |
586.439 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
185.900 |
164.649 |
126.879 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
557.400 |
456.431 |
459.560 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
193.800 |
121.204 |
147.725 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
363.600 |
335.227 |
311.835 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1684.336 |
1420.291 |
1188.595 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
33.523 |
31.184 |
|
|
|
Dividend |
NA |
32.401 |
42.121 |
|
|
|
Tax on Dividend |
NA |
5.258 |
6.834 |
|
|
BALANCE CARRIED
TO THE B/S |
2047.936 |
1684.336 |
1420.291 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.22 |
10.35 |
9.62 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.01 |
5.49 |
6.09 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
17.48 |
15.34 |
16.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.30 |
7.45 |
10.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.23 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.88 |
1.11 |
1.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.00 |
1.11 |
STOCK
PRICES
|
Face Value |
Rs.2/- |
|
Market Value |
Rs.114.20/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
64.802 |
64.802 |
64.800 |
|
Reserves & Surplus |
1660.033 |
1957.602 |
2312.500 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1724.835 |
2022.404 |
2377.300 |
|
|
|
|
|
|
long-term borrowings |
1037.246 |
859.548 |
728.800 |
|
Short term borrowings |
1055.805 |
1394.600 |
1355.500 |
|
Total
borrowings |
2093.051 |
2254.148 |
2084.300 |
|
Debt/Equity
ratio |
1.213 |
1.115 |
0.877 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5117.960 |
6101.263 |
6048.600 |
|
|
|
19.213 |
(0.863) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5117.960 |
6101.263 |
6048.600 |
|
Profit |
311.835 |
335.227 |
363.600 |
|
|
6.09% |
5.49% |
6.01% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2015 |
As on 31.03.2014 |
|
LONG TERM
BORROWINGS |
|
|
|
Ande Prathap Reddy |
|
15.378 |
|
Nomula Rajeshwar Reddy |
|
5.331 |
|
Dundarapu Ram Reddy |
|
5.126 |
|
|
NA |
|
|
SHORT TERM
BORROWINGS |
|
|
|
HDFC Bank |
|
0.000 |
|
|
|
|
|
Total |
|
25.835 |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10416243 |
06/03/2013 |
1,200,000.00 |
BANK OF BARODA |
SOLAPUR MAIN BRANCH, CHATTI GALLI, P.O.
BAX NO. 101, SOLAPUR - 413002, MAHARASHTRA, INDIA |
B71933626 |
|
2 |
10411959 |
19/02/2013 |
200,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL FINANCE BRANCH, RAJ BHAVAN ROAD,
SOMAJIGUDA, HYDERABAD- 500082, ANDHRA PRADESH, INDIA |
B70808258 |
|
3 |
10387609 |
03/11/2012 |
90,000,000.00 |
BANK OF BARODA |
BANK OF BARODA, SOLAPUR MAIN BRANCH,
CHATTI GALI, P. O BOX NO. 101, SOLAPUR- 413002 , MAHARASHTRA, INDIA |
B62396411 |
|
4 |
10319137 |
29/10/2011 |
480,000,000.00 |
STATE BANK OF
HYDERABAD |
OVERSEAS BRANCH, 6-3-652, "KAUTILYA',
SOMAJIGUDA, HYDERABAD - 500082, ANDHRA PRADESH, INDIA |
B25847500 |
|
5 |
10244616 |
24/09/2010 |
240,000,000.00 |
BANK OF BARODA |
BANK OF BARODA, SOLAPUR MAIN BRANCH,
CHATTI GALI, P.O BOX NO. 101, SOLAPUR - 413002, MAHARASHTRA, INDIA |
A96599584 |
|
6 |
10218606 |
04/06/2010 * |
59,500,000.00 |
BANK OF BARODA |
BANK OF BARODA, SOLAPUR MAIN BRANCH, CHATTI
GALI, P.O BOX NO. 101, SOLAPUR - 413002, MAHARASHTRA, INDIA |
A88487863 |
|
7 |
10209464 |
12/10/2010 * |
400,000,000.00 |
STATE BANK OF
HYDERABAD |
STATE BANK OF HYDERABAD, OVERSEAS BRANCH, 6-3-652,
KAUTILYA, SOMAJIGUDA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA |
A98026974 |
|
8 |
10033779 |
09/03/2010 * |
480,000,000.00 |
STATE BANK OF
HYDERABAD |
STATE BANK OF HYDERABAD, OVERSEAS BRANCH,
"KAUTILYA", SOMAJIGUDA, HYDERABAD - 500082, ANDHRA PRADESH, INDIA |
A82345489 |
|
9 |
90086643 |
02/12/2013 * |
2,980,000,000.00 |
STATE BANK OF
HYDERABAD |
OVERSEAS BRANCH, 6-3-652, "
KAUTILYA', SOMAJIGUDA, HYDERABAD - 500082, ANDHRA PRADESH, INDIA |
B92475409 |
|
10 |
90092432 |
15/11/2005 * |
430,000,000.00 |
STATE BANK OF
INDIA |
INDUSTRIAL FINANCE BRANCH; SOMEJI GUDA,
HYDERABAD, ANDHRA PRADESH, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Wind Electric Generator
- Plant and Machinery
- Furniture and Fixtures
- Office Equipment’s
- Vehicles
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.64.18 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.