MIRA INFORM REPORT
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Report No. : |
315142 |
|
Report Date : |
31.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER SOLAR SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
V.V. Towers, 3rd Floor, Trimelgerry Main Road, Karkhana,
Secunderabad – 500015, Telangana |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.04.1995 |
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Com. Reg. No.: |
01-019909 |
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Capital
Investment / Paid-up Capital : |
Rs.50.594
Million |
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CIN No.: [Company Identification
No.] |
U40106TG1995PTC019909 |
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|
PAN No.: [Permanent Account No.] |
AABCP8800D |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturer of solar panels, Modules, cells and equipments and also engaged in generation of electricity. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 having satisfactory track record. The company has
shown a significant growth in its turnover and profit during FY 2014. General
financial position of the company is good. Trade relations are
reported as fair. Business is active. Payment terms are reported to be
usually correct. 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
CRISIL |
|
Rating |
SP 2B |
|
Rating Explanation |
High performance capability and moderate financial strength. |
|
Date |
February, 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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Deena |
|
Designation : |
Export Import Department |
|
Contact No.: |
91-40-27744415 |
|
Date : |
30.03.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
V.V. Towers, 3rd Floor, Trimelgerry Main Road, Karkhana,
Secunderabad – 500015, Telangana, India |
|
Tel. No.: |
91-40-27744415/ 27744416 |
|
Fax No.: |
91-40-27744417 |
|
E-Mail : |
marketing@premiersolarsystems.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Survey No.53, Annaram Village, Jinaram Mandal, Opposite Dundigal Air
Force Academy, Medak District – 502 313, Telangana, India |
|
Tel. No.: |
91-8458-275123/ 275099 |
|
Fax No.: |
91-8458-275099/ 274428 |
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|
|
|
Power Generation Plant and Power
Distribution Plant : |
Located at: ·
Jharkhand |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Chiranjeev Singh Saluja |
|
Designation : |
Managing Director |
|
Address : |
C-27, Vikrampuri, Secunderabad – 500 003, Telangana, India |
|
Date of Birth/Age : |
17.09.1973 |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
00664638 |
|
PAN No.: |
ABWPS5533K |
|
|
|
|
Name : |
Mr. Surenderpal Singh Saluja |
|
Designation : |
Director |
|
Address : |
C-27, Vikrampuri, Secunderabad – 500 003, Telangana, India |
|
Date of Birth/Age : |
26.12.1946 |
|
Date of Appointment : |
03.04.1995 |
|
DIN No.: |
00664597 |
|
PAN No.: |
ABMPS7079N |
KEY EXECUTIVES
|
Name : |
Ms. Deena |
|
Designation : |
Export Import Department |
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|
|
|
Name : |
GSLN Gupta |
|
Designation : |
Company Secretary in Practice |
|
Address : |
Flat No.201, 2nd Floor, Vijetha Pinnacle, Lane Opposite to
Pantaloons, Begumpet, Hyderabad – 500 016, Telangana, India |
|
Mobile No.: |
91-9849989328/ 8801829959 |
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E-Mail : |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Surenderpal Singh Saluja |
1730600 |
|
Chiranjeev Singh Saluja |
2577000 |
|
Manjeet Kaur Saluja |
99800 |
|
Sunali Saluja |
330000 |
|
Jasveen Kaur |
2000 |
|
Anitha Kaur |
5000 |
|
Charandeep Singh |
15000 |
|
G.S. Monga |
15000 |
|
S.C. Wadhawan |
200000 |
|
Amritha Saluja |
25000 |
|
Kuldeep Singh |
60000 |
|
Total |
5059400 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturer of solar panels, Modules, cells and equipments and also engaged in generation of electricity. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Uganda ·
Bangladesh |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2013)
Licensed Capacity,
Installed Capacity and Production:
|
Particulars |
Unit |
FY
2012-13 |
|
Solar Lantern |
Nos. |
25000 |
|
Solar Street Light |
Nos. |
3000 |
|
Solar Emergency Lights |
Nos. |
25000 |
|
Solar Water Heater |
Nos. |
200000 LPD |
|
Solar Home Lighting System |
Nos. |
15000 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Indian Renewable Energy Development Agency Limited, India Habitat Centre1st Floor East Court Core, 4 A Lodhi Road, New Delhi - 110003, India |
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Auditors : |
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Name : |
Padmanabha Rao and Company Chartered Accountants |
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Address : |
G-5, Jamuna Sadan, Mayuri Marg, Begumpet, Hyderabad – 500016, Telangana, India |
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PAN No.: |
ABHPR9664F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary Company : |
Premier Solar Powertech Private Limited [U40108TG2010PTC070745] |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs.60.000 Million
Issued, Subscribed & Paid-up Capital : Rs.51.288
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6,000,000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,059,400 |
Equity Shares |
Rs.10/- each |
Rs.50.594
Million |
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|
|
|
|
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 |
50.594 |
38.094 |
38.094 |
|
(b) Reserves & Surplus |
237.712 |
152.383 |
143.719 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
288.306 |
190.477 |
181.813 |
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|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
139.661 |
162.504 |
103.231 |
|
(b) Deferred tax liabilities (Net) |
42.411 |
34.611 |
19.608 |
|
(c) Other long term
liabilities |
0.608 |
13.698 |
2.955 |
|
(d) Long-term provisions |
105.447 |
38.292 |
37.438 |
|
Total Non-current
Liabilities (3) |
288.127 |
249.105 |
163.232 |
|
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(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
90.921 |
132.209 |
62.949 |
|
(b) Trade
payables |
526.172 |
353.447 |
490.168 |
|
(c) Other
current liabilities |
31.236 |
25.213 |
12.338 |
|
(d) Short-term
provisions |
21.518 |
5.955 |
2.403 |
|
Total Current
Liabilities (4) |
669.847 |
516.824 |
567.858 |
|
|
|
|
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TOTAL |
1246.280 |
956.406 |
912.903 |
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
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|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
357.886 |
388.931 |
320.774 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
39.298 |
63.141 |
0.051 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
397.184 |
452.072 |
320.825 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
135.480 |
90.271 |
111.294 |
|
(c) Trade
receivables |
406.161 |
197.698 |
108.858 |
|
(d) Cash and
cash equivalents |
184.323 |
186.452 |
287.934 |
|
(e)
Short-term loans and advances |
68.763 |
16.658 |
73.800 |
|
(f) Other
current assets |
54.369 |
13.255 |
10.192 |
|
Total
Current Assets |
849.096 |
504.334 |
592.078 |
|
|
|
|
|
|
TOTAL |
1246.280 |
956.406 |
912.903 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations (Net) |
1081.641 |
722.618 |
1176.588 |
|
|
|
Other Income |
15.827 |
31.003 |
16.813 |
|
|
|
TOTAL |
1097.468 |
753.621 |
1193.401 |
|
|
|
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|
Less |
EXPENSES |
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|
||
|
|
|
TOTAL |
1030.642 |
713.816 |
1174.997 |
|
|
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|
PROFIT/ (LOSS)
BEFORE TAX AND EXCEPTIONAL ITEMS |
66.826 |
39.805 |
18.404 |
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|
Less |
EXCEPTIONAL
ITEMS |
1.401 |
9.139 |
6.477 |
|
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|
PROFIT/ (LOSS)
BEFORE TAX |
65.425 |
30.666 |
11.927 |
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|
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|
Less |
TAX |
(19.904) |
22.002 |
16.265 |
|
|
|
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|
|
|
PROFIT/ (LOSS)
AFTER TAX |
85.329 |
8.664 |
(4.338) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
314.840 |
261.503 |
224.470 |
|
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|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
16.87 |
2.27 |
(1.14) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
7.89 |
1.20 |
-0.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.42 |
3.43 |
1.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.16 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.80 |
1.55 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
0.98 |
1.04 |
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 |
38.094 |
38.094 |
50.594 |
|
Reserves & Surplus |
143.719 |
152.383 |
237.712 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
181.813 |
190.477 |
288.306 |
|
|
|
|
|
|
long-term borrowings |
103.231 |
162.504 |
139.661 |
|
Short term borrowings |
62.949 |
132.209 |
90.921 |
|
Total borrowings |
166.180 |
294.713 |
230.582 |
|
Debt/Equity ratio |
0.914 |
1.547 |
0.800 |
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 |
1176.588 |
722.618 |
1081.641 |
|
|
|
(38.584) |
49.684 |
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 |
1176.588 |
722.618 |
1081.641 |
|
Profit/Loss |
(4.338) |
8.664 |
85.329 |
|
|
(0.37%) |
1.20% |
7.89% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
|
|
|
- From Banks |
1.000 |
1.000 |
|
Other loans and advances, others |
40.314 |
5.025 |
|
Total |
41.314 |
6.025 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10313407 |
31/08/2013 * |
186,259,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE, 4 |
B87849873 |
|
2 |
80005816 |
17/11/2014 * |
430,800,000.00 |
STATE BANK OF HYDERABAD |
MSME BALANAGAR BRANCH, BALANAGAR, HYDERABAD, TELA |
C36516102 |
|
3 |
90138448 |
14/08/2003 |
6,066,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
CORE-4A; EAST COURT, 1ST FLOOR; INDIA HABITAT CEN |
- |
|
4 |
90136864 |
23/07/2003 |
6,066,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
CORE-4A; EAST COURT, 1ST FLOOR; INDIA HABITAT CEN |
- |
|
5 |
90138425 |
25/04/2003 |
6,066,000.00 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
CORE-4A; EAST COURT, 1ST FLOOR; INDIA HABITAT CEN |
- |
* Date of charge modification
NOTE
The registered office of the company has been shifted from Plot No.6, 1st Floor, S.V. Reddy Complex, Tadbund X Roads, Secunderabad – 500 009, Andhra Pradesh to the present address w.e.f. 18.02.2008.
COMPANY OVERVIEW
The company was incorporated on April 03, 1995 under the Companies Act 1956 as a private limited company to carry on the business of manufacturers of solar panels, cells and equipment’s. During the year 2012-13, the company commenced generation of energy and commissioned a solar power plant in the state of Jharkhand with effect from the 30/31st March, 2013. Company caters to domestic and international market.
FINANCIAL RESULTS
The income from operations stood at Rs. 1081.641 Million as against Rs. 722.618 Million in the previous year, resulting in Profit of Rs. 85.329 Million as against Rs. 8.664 Million for the previous year. Owing to slowdown in general economy and Hyderabad in particular, the revenues of the company fell marginally.
FIXED ASSETS:
·
Land
·
Building
·
Mobile Phone
·
Computer and Computer Peripherals
·
Dies and Tools
·
Electrical Equipment and Installation
·
Erection
·
Furniture and Fixtures
·
Jigs and Fixtures
·
Motor Bus
·
Motors Cars
·
Office Appliances
·
Office Equipment
·
Plant and Machinery
·
Solar Water Pumping Systems (Leased)
·
Testing Equipment
·
Tools
·
Vehicles (Two Wheeler)
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.62.63 |
|
|
1 |
Rs.92.94 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.