MIRA INFORM REPORT
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Report No. : |
323620 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MBL IMPEX PRIVATE LIMITED |
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Registered
Office : |
D. No. 15-25-890/11/101, Flat No. 101, Sri Kanaka Durga Complex, MIG
Phase II, KPHB Colony, Hyderabad - 500072, Telangana |
|
Tel. No.: |
91-40-64596636 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation
: |
05.08.2005 |
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Com. Reg. No.: |
047070 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.000
Million |
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CIN No.: [Company Identification
No.] |
U34102TG2005PTC047070 |
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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.] |
Not Available |
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Legal Form : |
Private Limited liability Company |
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Line of Business
: |
Trader, Exporter and Importer of Automotive Machines. |
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No. of Employees : |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 14000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Management of the company has failed to file its latest financial for
the year 2014 with the Government Department. As per available financial of 2013, the company has achieved minimal
turnover from its operations. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for small business dealings with some
caution. |
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
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Vijay Bhaskar |
|
Designation : |
Director |
|
Contact No.: |
91-9885544182 |
|
Date : |
20.05.2015 |
LOCATIONS
|
Registered Office : |
D. No. 15-25-890/11/101, Flat No. 101, Sri Kanaka Durga Complex, MIG
Phase II, KPHB Colony, Hyderabad - 500072, Telangana, India |
|
Tel No. : |
91-40-64596636/ 64647799/ 64551915 |
|
Mobile No.: |
91-9885544182 (Mr. Vijay Bhaskar) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
|
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Corporate Office : |
6A, Type-I, Industrial Estate, Kukatpally, Prakash Nagar, Hyderabad –
500016, Telangana, India |
|
Tel. No.: |
91-40-64596636 |
|
Fax No.: |
91-40-27760296 |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Mamindla Vijay Bhaskar |
|
Designation : |
Director |
|
Address : |
101, Sri Kanaka Durgha Complex, MIG Phase-II, KPHB Colony, Hyderabad - 500072, Telangana, India |
|
Date of Birth/Age : |
06.06.1977 |
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Date of Appointment : |
05.08.2005 |
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DIN No. : |
01847518 |
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|
|
|
Name : |
Mr. Mamindla Rajendra Prasad |
|
Designation : |
Director |
|
Address : |
Flat No. 507, SVVJ Mansion, MIG Phase –II, KPHB Colony, Hyderabad - 500072, Telangana, India |
|
Date of Birth/Age : |
17.06.1965 |
|
Date of Appointment : |
05.08.2005 |
|
DIN No. : |
01847502 |
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Name : |
Ms. Swetha Mamindla |
|
Designation : |
Additional director |
|
Address : |
9-196, Omkar Nilayam, Rajeevnagar Colony, Dasnapur, Adilabad - 504001, Telangana, India |
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Date of Birth/Age : |
13.07.1985 |
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Date of Appointment : |
24.08.2013 |
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DIN No. : |
06471273 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vijay Bhaskar Mamindla |
89000 |
|
Rajendra Prasad Mamindla |
41000 |
|
Swetha Mamindla |
60000 |
|
M. Surya Prakash |
10000 |
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|
|
|
Total |
200000 |
AS ON 27.03.2014
|
Names of Shareholders |
No. of Shares |
|
Vijay Bhaskar Mamindla |
110000 |
|
Shwetha Mamindla |
70000 |
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|
|
|
Total |
180000 |
AS ON 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Automotive Machines. |
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Products/ Services : |
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Exports : |
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Products : |
Automotive Machines |
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Countries : |
· Middle East · Africa · Sri Lanka |
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Imports : |
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Products : |
Automotive Machines |
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Countries : |
· USA · UK · South Korea · China · Dubai |
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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
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
25 (Approximately) |
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Bankers : |
· ICICI Bank Limited S.R. Nagar Branch, Hyderabad, Telangana, India · Indian Bank Sri Sai Srinivasan Society, Main Road, Moosapet, Hyderabad - 500018, Telangana, India · Vijaya Bank Hyderabad, Telangana, India |
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Facilities : |
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Banking Relations
: |
--- |
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Auditors : |
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|
Name : |
M. Ramakrishna Chartered Accountant |
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Address : |
H. No.7-7-52, 1st floor, Kamargaly, Nizamabad-503 001, Telangana, |
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Mobile No.: |
91-9849106263 |
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PAN No. |
ADGPM5789D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
380,000 |
Equity Shares |
Rs.10/- each |
Rs. 3.800
Million |
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AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Million |
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000
Million |
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|
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
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|
(1)Shareholders' Funds |
|
|
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(a) Share Capital |
2.000 |
2.000 |
0.100 |
|
(b) Reserves & Surplus |
1.107 |
0.933 |
0.473 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money pending
allotment |
1.800 |
0.720 |
1.124 |
|
Total
Shareholders’ Funds (1) + (2) |
4.907 |
3.653 |
1.697 |
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
7.114 |
7.149 |
0.455 |
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(b) Deferred tax liabilities (Net) |
0.196 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
7.310 |
7.149 |
0.455 |
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(4)
Current Liabilities |
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|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
4.932 |
1.914 |
2.585 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
0.614 |
0.711 |
1.019 |
|
Total Current
Liabilities (4) |
5.546 |
2.625 |
3.604 |
|
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TOTAL |
17.763 |
13.427 |
5.756 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
9.387 |
4.364 |
0.195 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.076 |
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 |
9.387 |
4.440 |
0.195 |
|
|
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
4.106 |
3.032 |
1.284 |
|
(d) Cash
and cash equivalents |
0.523 |
1.237 |
0.840 |
|
(e)
Short-term loans and advances |
0.084 |
0.063 |
0.033 |
|
(f) Other
current assets |
3.663 |
4.655 |
3.404 |
|
Total
Current Assets |
8.376 |
8.987 |
5.561 |
|
|
|
|
|
|
TOTAL |
17.763 |
13.427 |
5.756 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
24.795 |
19.428 |
14.284 |
|
|
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Other Income |
2.798 |
0.841 |
0.017 |
|
|
|
TOTAL (A) |
27.593 |
20.269 |
14.301 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
18.618 |
14.117 |
10.870 |
|
|
|
Employees benefits expense |
3.773 |
2.332 |
1.526 |
|
|
|
Other expenses |
3.144 |
3.189 |
1.666 |
|
|
|
TOTAL (B) |
25.535 |
19.638 |
14.062 |
|
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|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.058 |
0.631 |
0.239 |
|
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|
Less |
FINANCIAL
EXPENSES (D) |
1.019 |
0.163 |
0.040 |
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.039 |
0.468 |
0.199 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.481 |
0.064 |
0.029 |
|
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|
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|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
0.558 |
0.404 |
0.170 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.384 |
(0.056) |
0.017 |
|
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|
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|
PROFIT AFTER TAX
(G-H) (I) |
0.174 |
0.460 |
0.153 |
|
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|
Earnings Per
Share (Rs.) |
1 |
2 |
15 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
27.400 |
|
|
|
|
|
The above information has been parted by Mr. Vijay Bhaskar (Director).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.70 |
2.37 |
1.07 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.30 |
3.25 |
1.67 |
|
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|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.14 |
3.03 |
2.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.11 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.45 |
1.96 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51 |
3.42 |
1.54 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.100 |
2.000 |
2.000 |
|
Reserves & Surplus |
0.473 |
0.933 |
1.107 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
1.800 |
0.720 |
1.124 |
|
Net
worth |
2.373 |
3.653 |
4.231 |
|
|
|
|
|
|
Long-term borrowings |
0.455 |
7.149 |
7.114 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.455 |
7.149 |
7.114 |
|
Debt/Equity
ratio |
0.192 |
1.957 |
1.681 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
14.284 |
19.428 |
24.795 |
|
|
|
36.012 |
27.625 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
14.284 |
19.428 |
24.795 |
|
Profit |
0.153 |
0.460 |
0.174 |
|
|
1.07% |
2.37% |
0.70% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10525449 |
04/08/2014 |
5,000,000.00 |
VIJAYA BANK |
BASHEERBAGH
BRANCH, HYDERABAD, TELANGANA - 500001, |
C29325867 |
|
2 |
10342915 |
27/01/2012 |
8,825,000.00 |
VIJAYA BANK |
NO. 105, A-BLOCK,
BABUKHAN ESTATE, BASHEER BAGH, |
B35309962 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from Directors |
0.895 |
0.455 |
|
|
|
|
|
Total |
0.895 |
0.455 |
CHANGE OF ADDRESS
The Registered Office of the company has been shifted from F-33,
1st Floor, Madhuranagar, Hyderabad, Andhra Pradesh, India, 500038 to present address
w.e.f. 15.02.2010
FIXED ASSETS
· Computer
· Vehicle
· Machinery
· Air Conditioner
· Furniture and Fixture
· Other Equipment
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. 63.57 |
|
|
1 |
Rs. 99.67 |
|
Euro |
1 |
Rs. 70.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
This score serves as a
reference to assess SC’s credit risk and to set the amount of credit to be
extended. It is calculated from a composite of weighted scores obtained from
each of the major sections of this report. The assessed factors and their
relative weights (as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.