MIRA INFORM REPORT
|
Report No. : |
326315 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION
DETAILS
|
Name : |
SUJANA TOWERS LIMITED |
|
|
|
|
Registered
Office : |
H. No. 8-2-248/ 1/ 7/ 41/ 128, Plot No. 41, Nagarjuna Hills,
Punjagutta, Hyderabad – 500082, Telangana |
|
Tel No.: |
91-40-23351882 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
06.04.2006 |
|
|
|
|
Com. Reg. No.: |
36-049743 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 534.001 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L40109TG2006PLC049743 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Public limited liability company. Company’s shares are listed on the
Stock Exchange |
|
|
|
|
Line of Business
: |
Manufacturing sales and trading sales of Iron and Steel
products |
|
|
|
|
No. of Employees
: |
172 (Approximately) |
RATING
& COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of delays in the debts servicing obligation
by company due to stretched liquidity position. Busyness is active. Payment are reported to be slow and delayed. The company can be considered for business dealings on safe and
secured 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 |
CARE |
|
Rating |
Long Term Bank Facilities: D |
|
Rating Explanation |
Lowest credit quality and very low prospects of recovery |
|
Date |
06.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: D |
|
Rating Explanation |
Instruments with this rating are in default or expected to be in
defaults on maturity. |
|
Date |
06.02.2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Kur Murthy |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-9390822491 |
|
Date : |
08.06.2015 |
LOCATIONS
|
Registered Office : |
H. No. 8-2-248/ 1/ 7/ 41/ 128, Plot No. 41, Nagarjuna Hills,
Punjagutta, Hyderabad – 500082, Telangana |
|
Tel. No.: |
91-40-23351882 |
|
Mobile No.: |
91-9390822491 (Mr. Kur Murthy) |
|
Fax No.: |
91-40-23350766 |
|
E-Mail : |
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|
Website : |
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Factory 1 : |
Plot No. 128 Part, Sy. No. 172/B, I.D.A. Bollaram – 502325 Jinnaram
Mandal, Medak District, Telangana, India |
|
|
|
|
Factory 2 : |
Plot No. 10, 11 and 12, Sy. No. 172 I.D.A. Bollaram – 502325 Jinnaram
Mandal, Madak District, Telangana, India |
|
|
|
|
Factory 3 : |
Plot No. 9, Sy. No. 172/EE, U, UU, I.D.A. Bollaram – 502325 Jinnaram
Mandal, Medak District, Telangana,
India |
|
|
|
|
Factory 4 : |
Plot No. 8,B and C, Sy. No. 172 /EE, U, UU, I.D.A. Bollaram – 502325 Jinnaram Madal,
Medak District, Telangana, India |
|
|
|
|
Factory 5 : |
Sy. No. 321 Turkala Khanapur Village – 502201 Hatnur Mandal, Medak
District, Telangana, India |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. M.V. Bhaskara Rao |
|
Designation : |
Non-Executive Chairman |
|
|
|
|
Name : |
Mr. Y. S. Chowdary |
|
Designation : |
Director |
|
Address : |
Plot No. 29, Sagar Co-Operative Housing Society, Banjara Hills, Hyderabad-
500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
02.06.1961 |
|
Date of Appointment : |
28.08.2014 |
|
DIN No.: |
00061477 |
|
|
|
|
Name : |
Mr. Y Kamesh |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. G. Srinivasa Raju |
|
Designation : |
Director |
|
Address : |
Flat No. 405, White House, 8-2-674 / 2A Road, No. 13, Banjara Hills,
Hyderabad – 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
20.10.1963 |
|
Date of Appointment : |
29.07.2009 |
|
DIN No.: |
00132249 |
|
|
|
|
Name : |
Mr. S Hanumantha Rao |
|
Designation : |
Director |
|
Address : |
8-3-720/8, Salivahana Nagar, Sri Nagar Colony, Hyderabad – 500073,
Andhra Pradesh, India |
|
Date of Birth/Age : |
18.07.1951 |
|
Date of Appointment : |
06.04.2006 |
|
DIN No.: |
00118801 |
|
|
|
|
Name : |
Mr. A.S.Anand Kumar |
|
Designation : |
Independent and Non-Executive Directors |
|
Address : |
502, Glen Eagle, Tata Colony, Parle Tank, Mumbai – 400012,
Maharashtra, India |
|
Date of Birth/Age : |
10.07.1947 |
|
Date of Appointment : |
04.10.2007 |
|
DIN No.: |
00058292 |
|
|
|
|
Name : |
Mr. L.V. Rao |
|
Designation : |
Directors |
|
Address : |
L-1-365/1, 103, Lanka Gharuda Apartments, Bakaram Road, Jawahar Nagar,
Hyderabad – 500020, Andhra Pradesh, India |
|
Date of Birth/Age : |
18.09.1947 |
|
Date of Appointment : |
27.03.2010 |
|
DIN No.: |
02754292 |
|
|
|
|
Name : |
Mr. H. Biswas |
|
Designation : |
Independent and Non-Executive Directors (IDBI, Nominee) |
KEY EXECUTIVES
|
Name : |
Mr. L. Narasimha Rao |
|
Designation : |
Company Secretary |
|
Address : |
H. No. 12-6-2-245 / A, Vivek Nagar, Kukutpally, Hyderabad – 500072,
Andhra Pradesh, India |
|
Date of Birth/Age : |
15.04.1963 |
|
Date of Appointment : |
31.12.2007 |
|
PAN No.: |
ACDPL3194R |
|
|
|
|
COMMITTEE: |
|
|
|
|
|
Audit Committee: |
Mr. A.S. Anand Kumar Mr. M.V. Bhaskara Rao Mr. L.V. Rao Mr. S. Hanumantha Rao |
|
|
|
|
Management Committee: |
Mr. Y. Kamesh Mr. G. Srinivasa Raju Mr. S. Hanumantha Rao Mr. M.V. Bhaskara Rao |
|
|
|
|
Share Transfer Committee: |
Mr. G. Srinivasa Raju Mr. M.V. Bhaskara Rao Mr. S. Hanumantha Rao |
|
|
|
|
Shareholders’
Grivances Committee: |
Mr. S. Hanumantha Rao Mr. G. Srinivasa Raju Mr. M.V. Bhaskara Rao |
|
|
|
|
Remuneration Committee: |
Mr. A.S. Anand Kumar Mr. M.V. Bhaskara Rao Mr. S. Hanumantha Rao |
|
|
|
|
Name : |
Mr. Kur Murthy |
|
Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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 |
|
|
|
|
|
|
|
|
564198 |
1.09 |
|
|
18380616 |
35.41 |
|
|
18944814 |
36.49 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
18944814 |
36.49 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
595500 |
1.15 |
|
|
80000 |
0.15 |
|
|
675500 |
1.30 |
|
|
|
|
|
|
8213464 |
15.82 |
|
|
|
|
|
|
9052816 |
17.44 |
|
|
14105105 |
27.17 |
|
|
923124 |
1.78 |
|
|
352851 |
0.68 |
|
|
570273 |
1.10 |
|
|
32294509 |
62.21 |
|
Total Public shareholding (B) |
32970009 |
63.51 |
|
Total (A)+(B) |
51914823 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
51914823 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing sales and trading sales of Iron and Steel
products |
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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 : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL
INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
172 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
--- |
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Financial Institutions: |
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|
|
|
|
|
Statutory Auditors: |
|
|
Name : |
M/s. Venugopal and Chenoy Chartered Accountant |
|
Address : |
Tilak Road, Hyderabad |
|
|
|
|
Cost Auditors: |
|
|
Name : |
Nageswara Rao and Company Cost Accountants, Secunderabad |
|
|
|
|
Internal Auditors: |
|
|
Name : |
Mr. M. Balaramakrishnaiah Chartered Accountant, Hyderabad |
|
|
|
|
Associates/Subsidiaries (as on 31.03.2014): |
|
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 534.001
Million
As on 30.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
79000000 |
Equity shares |
Rs.10/-each |
Rs.790.000 Million |
|
|
|
|
|
|
2100000 |
Preference Shares |
Rs.100/-each |
Rs.210.000 Million |
|
|
Total |
|
Rs.1000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51914923 |
Equity Shares |
Rs. 10/-each |
Rs.519.149
Million |
|
|
|
|
|
|
247335 |
Preference Shares |
Rs.
100/-each |
Rs.24.734
Million |
|
|
Total |
|
Rs.543.883 Million |
NOTE:
The reconciliation
of the number of equity shares outstanding is set out below:
|
Particulars |
As at 31 March
2014 (in number) |
|
|
|
|
Shares outstanding at the beginning of the year |
51,914,923 |
|
Shares Issued during the year |
-- |
|
Shares bought back during the year |
-- |
|
Shares
outstanding at the end of the year |
51,914,923 |
The reconciliation
of the number of preference shares outstanding is set out below:
|
Particulars |
As at 31 March
2014 (in number) |
|
|
|
|
Shares outstanding at the beginning of the year |
296,795 |
|
Shares Issued during the year |
-- |
|
Shares bought back during the year |
49,460 |
|
Shares outstanding at the end of the year |
247,335 |
1% Cumulative Redeemable
Preference Shares (CRPS) are redeemable in 12 quarterly installments commencing
from 01.10.2013
The details of shareholder holding more than 5% equity shares is set
below:
|
Name of
Shareholder |
As at 31 March
2014 |
|
|
|
No. of Shares held |
% of Holding |
|
|
|
|
|
Yalamanchili Finance and Trading (Private) Limited |
4,767,500 |
9.18 |
|
Sujana Holdings Limited |
7,500,000 |
14.45 |
|
Foster Infin and Trading (Private) Limited |
5,095,999 |
9.82 |
|
HI Tech Housing Projects Private Limited |
2,609,946 |
5.03 |
The details of shareholder holding more than 5% cumulative, redeemable
preference shares is set below:
|
Name of
Shareholder |
As at 31 March
2014 |
|
|
|
No. of Shares held |
% of Holding |
|
|
|
|
|
Industrial Development Bank of India Limited |
247,335 |
100 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
534.001 |
543.883 |
548.829 |
|
(b) Reserves & Surplus |
7205.167 |
7167.148 |
7149.468 |
|
(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) |
7739.168 |
7711.031 |
7698.297 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9890.608 |
10386.357 |
4435.888 |
|
(b) Deferred tax liabilities
(Net) |
674.200 |
672.210 |
674.118 |
|
(c) Other long term
liabilities |
2729.892 |
30.467 |
30.467 |
|
(d) long-term provisions |
22.069 |
20.299 |
9.779 |
|
Total
Non-current Liabilities (3) |
13316.769 |
11109.333 |
5150.252 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6445.627 |
6485.233 |
6958.102 |
|
(b) Trade payables |
3397.433 |
2459.840 |
3792.042 |
|
(c) Other current liabilities |
2328.690 |
1772.015 |
654.874 |
|
(d) Short-term provisions |
569.862 |
560.604 |
574.936 |
|
Total
Current Liabilities (4) |
12741.612 |
11277.692 |
11979.954 |
|
|
|
|
|
|
TOTAL |
33797.549 |
30098.056 |
24828.503 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4586.534 |
3661.942 |
|
(ii) Intangible Assets |
|
1.069 |
0.907 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
1399.374 |
1399.374 |
1399.868 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13277.053 |
3206.152 |
4347.798 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
18993.112 |
9193.129 |
9410.515 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
380.486 |
680.168 |
562.134 |
|
(c) Trade receivables |
14203.778 |
19992.379 |
13854.072 |
|
(d) Cash and cash equivalents |
5.485 |
7.360 |
224.274 |
|
(e) Short-term loans and
advances |
214.688 |
221.980 |
587.267 |
|
(f) Other current assets |
0.000 |
3.040 |
190.241 |
|
Total
Current Assets |
14804.437 |
20904.927 |
15417.988 |
|
|
|
|
|
|
TOTAL |
33797.549 |
30098.056 |
24828.503 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
21183.234 |
18033.080 |
17999.891 |
|
|
Other Income |
7.317 |
26.682 |
62.933 |
|
|
TOTAL
(A) |
21190.551 |
18059.762 |
18062.824 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
934.901 |
1206.186 |
1813.442 |
|
|
Purchases of Stock-in-Trade |
16996.832 |
14380.499 |
14000.276 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
265.360 |
(194.166) |
46.202 |
|
|
Employees benefits expense |
76.138 |
81.070 |
87.625 |
|
|
Other expenses |
324.861 |
330.973 |
361.314 |
|
|
TOTAL
(B) |
18598.092 |
15804.562 |
16308.859 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
2592.459 |
2255.200 |
1753.965 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2268.027 |
2003.091 |
1466.733 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
324.432 |
252.109 |
287.232 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
274.100 |
225.456 |
221.632 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
50.332 |
26.653 |
65.600 |
|
|
|
|
|
|
|
Less |
TAX (H) |
12.059 |
8.648 |
28.339 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX (G-H) (I) |
38.273 |
18.005 |
37.261 |
|
|
|
|
|
|
|
|
DIVIDEND
ON CRPS |
|
0.326 |
0.347 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
38.273 |
17.679 |
36.914 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
316.574 |
735.319 |
|
|
TOTAL
EARNINGS |
NA |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
309.169 |
697.592 |
|
|
TOTAL
IMPORTS |
NA |
309.169 |
697.592 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.73 |
0.34 |
0.07 |
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 |
(3940.896) |
1939.069 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
PAT / Total Income |
(%) |
0.18 |
0.10 |
0.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.24 |
12.51 |
9.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.16 |
0.09 |
0.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.00 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.11 |
2.19 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.85 |
1.29 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
Market Value |
Rs.10.45/- |
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 |
548.829 |
543.883 |
534.001 |
|
Reserves & Surplus |
7149.468 |
7167.148 |
7205.167 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7698.297 |
7711.031 |
7739.168 |
|
|
|
|
|
|
long-term borrowings |
4435.888 |
10386.357 |
9890.608 |
|
Short term borrowings |
6958.102 |
6485.233 |
6445.627 |
|
Total
borrowings |
11393.990 |
16871.590 |
16336.235 |
|
Debt/Equity
ratio |
1.480 |
2.188 |
2.111 |
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 |
17999.891 |
18033.080 |
21183.234 |
|
|
|
0.184 |
17.469 |
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 |
17999.891 |
18033.080 |
21183.234 |
|
Profit |
37.261 |
18.005 |
38.273 |
|
|
0.21% |
0.10% |
0.18% |
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 |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS:
CASE STATUS
INFORMATION SYSTEM
|
COMPA 1137 /
2014 |
COMPASR 6102 /
2014 |
CASE IS: PENDING |
|
PETITIONER |
RESPONDENT |
|
M/S. BHIRAGACHA
FINANACE COMPANY PRIVATE LIMITED, KOLKATA |
VS M/S. SUJANA
TOWERS LIMITED, HYD |
|
PET.ADV.: RAJA SHEKAR
RAO SALVAJI |
RESP.ADV.: RAJU |
|
SUBJECT: COMPANY
APPLICATION |
DISTRICT:
HYDERABAD |
|
|
|
|
FILLING DATE:
12.09.2014 |
POSTING STAGE:
INTERLOCUTORY |
|
REG. DATE :
12.09.2014 |
LISTING DATE:
22.09.2014
|
|
|
STATUS:--------- |
|
HON’BLE
JUGES(S): C.V.NAGARJUNA REDDY |
|
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10431827 |
16/05/2013 |
566,700,000.00 |
KARNATAKA BANK LTD. |
RAJBHAVAN ROAD,
HYDERABAD, ANDHRA PRADESH - 500082 |
B77413920 |
|
2 |
10394278 |
07/02/2013 * |
53,497,567.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B69602191 |
|
3 |
10394277 |
07/02/2013 * |
71,391,192.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B69601276 |
|
4 |
10394275 |
07/02/2013 * |
95,773,979.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B69600054 |
|
5 |
10374135 |
08/08/2012 |
164,500,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B57109175 |
|
6 |
10370595 |
02/07/2012 |
112,542,040.00 |
IDBI BANK LIMITED |
115, ANNA SALAI,
SAIDAPET, CHENNAI, TAMIL NADU - |
B45688025 |
|
7 |
10310739 |
12/10/2011 |
1,150,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BRANCH AT MMO BUILDING, 1ST FLO |
B22774095 |
|
8 |
10309724 |
14/03/2013 * |
3,150,000,000.00 |
PUNJAB NATIONAL BANK |
MAKER TOWERS 'E'
GROUND FLOOR, CUFFE PARADE, MUMB |
B74230202 |
|
9 |
10288936 |
29/02/2012 * |
2,950,000,000.00 |
IDBI BANK LIMITED |
115, ANNA SALAI,
SAIDAPET, CHENNAI, TAMIL NADU - |
B37423795 |
|
10 |
10244362 |
23/09/2010 |
1,500,000,000.00 |
ANDHRA BANK |
3RD FLOOR, 6-3-648,
PADMAJA LAND MARK, SOMAJIGUDA |
A96390877 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Inter corporate Deposits |
NA |
0.000 |
|
|
|
|
|
Total |
NA |
0.000 |
FIXED ASSETS
·
Building
·
Plant
and Machinery
·
Workshop
Equipments
·
Weighing
Machine
·
Electrical
Installations
·
Furniture
and Fixtures
·
Office
Equipments
·
Vehicles
·
Computer
Software
·
Computers
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.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
18 |
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.