MIRA INFORM REPORT
|
Report No. : |
324072 |
|
Report Date : |
27.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MISHRA DHATU NIGAM LIMITED |
|
|
|
|
Registered
Office : |
P.O. Kanchan Bagh, Hyderabad – 500058, Telangana |
|
Tel. No.: |
91-40-24340001 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
20.11.1973 |
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|
Com. Reg. No.: |
001660 |
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|
Capital
Investment / Paid-up Capital : |
Rs.1873.400
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14292TG1973GOI001660 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDM00022B |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Titanium and Titanium Base Alloys,
Molybdenum and Articles and Other Alloy Steel in Semi-finished Forms. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 12720000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a government of India undertaking functioning under the
Ministry of Defence. It is a well-established and reputed company having fine track record.
Trade relations are fair. Business is active. Payments are reported to be
regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk |
|
Date |
03.10.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk |
|
Date |
03.10.2014 |
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
31-03-2014.
INFORMATION DENIED
Management non co-operative
Contact No.: 91-40-24340001
LOCATIONS
|
Registered Office/ Factory : |
P.O. Kanchan Bagh, Hyderabad – 500058, Telangana, India |
|
Tel. No.: |
91-40-24340001 (10 Lines) 91-40-24340201/ 24340280/ 24340044/ 24340853 (Other Lines) |
|
Fax No.: |
91-40-24440214/ 24340214/ 24340764 |
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E-Mail : |
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|
Website : |
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Regional Office:
|
Flat No.8330, C-8, Vasant Kunj, New Delhi – 110070, India |
|
Tel. No.: |
91-11-26132875 |
|
Fax No.: |
91-11-26890253 |
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E-Mail : |
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Commercial
Office: |
Located At: ·
Chennai ·
Kolkata |
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Branch Offices :
|
Located At: ·
Chennai ·
Kolkata ·
Mumbai ·
Delhi |
DIRECTORS
As on 31.03.2014
|
FUNCTIONAL DIRECTORS |
|
|
|
|
|
Name : |
M Narayana Rao |
|
Designation : |
Chairman and Managing Director |
|
|
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|
Name : |
V S Krishnamurthy |
|
Designation : |
Director ( Finance) |
|
|
|
|
Name : |
Dr. D.K. Likhi |
|
Designation : |
Director ( Production and Marketing) |
|
Date of Birth : |
53 Years |
|
Date of Appointment : |
01.09.2011 |
|
|
|
|
GOVERNMENT NOMINEE
DIRECTORS |
|
|
|
|
|
Name : |
Ms. Kusum Singh |
|
Designation : |
Joint Secretary (Personnel and
Coordination) |
|
|
|
|
Name : |
Dr. G. Malakondaiah |
|
Designation : |
Distinguished Scientist Director, DMRL, DRDO Ministry of Defence, Govt. of India. |
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INDEPENDENT DIRECTORS |
|
|
|
|
|
Name : |
Mrs. Indu Liberhan |
|
Designation : |
Ex-Secretary. Ministry of Defence (Finance) Government of India |
|
|
|
|
Name : |
Dr. Dipankar Banerjee |
|
Designation : |
Professor, Department of Materials Engineering, Indian Institute of Science, Bangalore. |
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|
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|
Name : |
Dr. Kota Bhanu Sankara Rao |
|
Designation : |
Dean School of Engineering Sciences and Technology, University of Hyderabad |
KEY EXECUTIVES
|
Name : |
Mr. T V Reddy, IFS |
|
Designation : |
Chief Vigilance Officer |
|
|
|
|
Name : |
Mr. P.V. Subba Rao |
|
Designation : |
Company Secretary (upto 31.05.2013) |
|
|
|
|
Name : |
Mr. Paul Antony |
|
Designation : |
Company Secretary (from 13.08.2013) |
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|
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PERMANENT SPECIAL
INVITEE : |
|
|
|
|
|
Name : |
Mr. P.K. Kataria |
|
Designation : |
Addl. FA and Joint Secretary Ministry of Defence (Finance) Government of India. |
|
Date of Appointment : |
28.04.2011 |
|
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GENERAL MANAGER : |
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|
|
|
|
Name : |
Mr. B.G. Rai |
|
Designation : |
General Manager (Commercial and Business Development) |
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|
Name : |
Mr. P Mukhopadhyay |
|
Designation : |
General Manager (QCL, R and D) |
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|
Name : |
Mr. Prallab Sarkar |
|
Designation : |
General Manager (Production and
Planning) |
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|
Name : |
Dr. H V Kiran |
|
Designation : |
General Manager (Marketing) (Until 31-01-2014) |
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|
Name : |
Mr. Debasish Dutta |
|
Designation : |
General Manager (Projects) |
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|
Name : |
Mr. Achanta Rama Krishna Rao |
|
Designation : |
General Manager (HR) |
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|
Name : |
Mr. Sanjay Kumar |
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Designation : |
General Manager (Finance) |
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|
Name : |
Mr. M S Chalapati |
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Designation : |
General Manager (Production) |
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|
Name : |
K. Shankara Rao |
|
Designation : |
General Manager (Eng. Services) |
MAJOR SHAREHOLDERS
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Titanium and Titanium Base Alloys,
Molybdenum and Articles and Other Alloy Steel in Semi-finished Forms. |
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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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
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PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· State Bank of India ·
HDFC Bank Limited ·
Andhra Bank ·
State Bank of Hyderabad |
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Facilities : |
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Auditors : |
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|
Name : |
V. Rao and Gopi Chartered Accountants |
|
Address : |
Hyderabad, Telangana, India |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.1000/- each |
Rs.2000.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1873400 |
Equity Shares |
Rs.10/- each |
Rs.1873.400 Million |
The company has only one class of share, i.e., equity shares having the face value of Rs.1000/- per share. Hundred percent shares is held by President of India.
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 |
1873.400 |
1873.400 |
1833.400 |
|
(b) Reserves & Surplus |
2577.938 |
2194.251 |
1804.530 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
40.000 |
|
Total
Shareholders’ Funds (1) + (2) |
4451.338 |
4067.651 |
3677.930 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
181.753 |
135.838 |
240.838 |
|
(b) Deferred tax liabilities (Net) |
64.255 |
3.249 |
5.380 |
|
(c) Other long term
liabilities |
2114.002 |
3293.760 |
807.992 |
|
(d) long-term
provisions |
4.930 |
149.176 |
136.251 |
|
Total Non-current
Liabilities (3) |
2364.940 |
3582.023 |
1190.461 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
278.508 |
563.503 |
886.446 |
|
(b) Trade
payables |
969.361 |
742.812 |
431.572 |
|
(c) Other
current liabilities |
2815.055 |
2575.764 |
1949.898 |
|
(d) Short-term
provisions |
2624.126 |
2295.628 |
1902.546 |
|
Total Current
Liabilities (4) |
6687.050 |
6177.707 |
5,170.462 |
|
|
|
|
|
|
TOTAL |
13503.328 |
13827.381 |
10038.853 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1129.573 |
651.779 |
606.445 |
|
(ii)
Intangible Assets |
25.206 |
29.962 |
0.295 |
|
(iii)
Capital work-in-progress |
1179.259 |
1350.234 |
102.170 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
21.011 |
21.011 |
21.011 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.895 |
28.696 |
190.376 |
|
(e) Other
Non-current assets |
0.140 |
0.621 |
10.743 |
|
Total Non-Current
Assets |
2369.084 |
2082.303 |
931.040 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4527.873 |
4829.249 |
4433.624 |
|
(c) Trade
receivables |
2436.301 |
2673.814 |
1352.298 |
|
(d) Cash
and cash equivalents |
1056.486 |
1729.821 |
1503.606 |
|
(e)
Short-term loans and advances |
3039.918 |
2271.413 |
1617.420 |
|
(f) Other
current assets |
73.666 |
240.781 |
200.865 |
|
Total
Current Assets |
11134.244 |
11745.078 |
9107.813 |
|
|
|
|
|
|
TOTAL |
13503.328 |
13827.381 |
10038.853 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5546.195 |
5538.959 |
4963.051 |
|
|
|
Other Income |
209.347 |
198.565 |
222.391 |
|
|
|
TOTAL (A) |
5755.542 |
5737.524 |
5185.442 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1960.760 |
1773.853 |
1446.193 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(95.562) |
212.247 |
130.168 |
|
|
|
Employee Benefits Expenses |
966.365 |
963.671 |
1121.196 |
|
|
|
Other Expenses |
1633.570 |
1489.949 |
1363.497 |
|
|
|
Extraordinary Items |
(26.261) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
4438.872 |
4439.720 |
4061.054 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1316.670 |
1297.804 |
1124.388 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
41.944 |
68.432 |
91.484 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1274.726 |
1229.372 |
1032.904 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
60.372 |
51.606 |
47.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1214.354 |
1177.766 |
985.028 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
389.725 |
352.583 |
300.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
824.629 |
825.183 |
684.549 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2194.251 |
1804.530 |
1546.146 |
|
|
|
|
|
|
|
|
|
Less |
Amount utilized
(dividend plus dividend tax) |
383.687 |
435.462 |
426.165 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2577.938 |
2194.251 |
1804.530 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
440.18 |
44.047 |
37.338 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
14.87 |
14.90 |
13.79 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
23.74 |
23.43 |
22.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.87 |
9.46 |
9.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.29 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.10 |
0.17 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67 |
1.90 |
1.76 |
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 |
1833.400 |
1873.400 |
1873.400 |
|
Reserves & Surplus |
1804.530 |
2194.251 |
2577.938 |
|
Share Application money pending allotment |
40.000 |
0.000 |
0.000 |
|
Net worth |
3677.930 |
4067.651 |
4451.338 |
|
|
|
|
|
|
long-term borrowings |
240.838 |
135.838 |
181.753 |
|
Short term borrowings |
886.446 |
563.503 |
278.508 |
|
Total borrowings |
1127.284 |
699.341 |
460.261 |
|
Debt/Equity ratio |
0.306 |
0.172 |
0.103 |
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 |
4963.051 |
5538.959 |
5546.195 |
|
|
|
11.604 |
0.131 |
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 |
4963.051 |
5538.959 |
5546.195 |
|
Profit |
684.549 |
825.183 |
824.629 |
|
|
13.79% |
14.90% |
14.87% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
CASE STATUS INFORMATION SYSTEM
|
||||||||||||||||||||||||||||||||||||
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Term Loan from Govt
of India (Excluding Rs. 82.000 Million (Previous Year Rs. 100.000 Million) which is due for payment within 12 months treated as Other Current Liability and included under Note 9) Terms of Repayment, every year 1/5 of the principal amount |
16.000 |
98.000 |
|
Advances -
Augmentation Facilities -
VSSC * (This represents balance amount payable (net of Rs. 5.000 Million (Previous Year Rs.5.000 Million) repayable within 12 months and included under Note No.9) against refundable loan of Rs.47.838 Million received from VSSC for upgradation of forge press.) |
32.838 |
37.838 |
|
Total |
48.838 |
135.838 |
SIGNIFICANT
ACHIEVEMENTS DURING THE YEAR WERE:
HIGHEST ever achieved Sales Turnover of Rs. 5929.9 Million surpassing the previous year sales of ` 558.59 Cr. However, due to change in Accounting Policy for de-recognition of revenue against dispatches
to sub-contractor, the outstanding DA amounting to Rs.302.800 Million as at 31.03.2014 has been reversed. Net turnover after reversal for FY 2013-14 is Rs.5627.100 Million.
HIGHLIGHTS OF
PRODUCTION AND SUPPLIES
Qualification of Mi-17 composite Armour panels for Mi-17 Helicopter after satisfactory test results was done during the month of June 2013 and 8 sets of Mi-17 Composite Armour Panels supplied to Indian Air Force, Chandigarh.
Ring Rolling Mill hot trials started on 28th June 2013 with efforts now being made towards production stabilization of Mill. Commissioning of equipment at new conditioning shop of Forge was completed and production activities started from 29.6.2013.
Turnover increased to Rs. 5627.100 Million (4111 MT) as compared to Rs. 5585.900 Million (4,687 MT) during the previous year, thus registering a marginal growth value wise.
FINANCIAL HIGHLIGHTS:
Company has earned a Gross Margin of Rs. 1279.000 Million and a Profit before Tax of Rs. 1214.400 Million during the year 2013-14 as compared to Rs. 1297.800 Million and Rs.1177.800 Million in the previous year respectively. The Profit after Tax for the year stands at Rs. 824.600 Million as against Rs.825.200 Million in the previous year.
The surplus available for appropriations would be Rs. 824.6 Million As against Rs. 825.2 Million in the previous year which would enable the Company to declare an Interim Dividend and a final dividend aggregating to Rs. 374.7 Million in line with the amount declared as Dividend in the previous year.
During the year the authorized Share Capital of the Company remained un-altered. The Authorized and Paid up Share Capital stood at Rs.2000.000 Million and Rs. 1873.400 Million Respectively, as on 31.03.2014.
The Company has achieved all the financial and operational targets set out for the year 2013-14.
FUTURE OUTLOOK:
With a view to discharge its long term goals and to fulfill its Corporate Mission, the company continued its efforts to reach the targeted capacity level of about 7000-8000 MT / year, from its existing level of 4,000 MT / year, in a time frame of 3 years.
AWARDS:
MIDHANI has been bestowed with Hon’ble Raksha Mantri’s Institutional Award for Excellence in performance for the year 2011-12. The award was received on 25th November, 2013 from Hon’ble Raksha Mantri.
Indian Nuclear Society bestowed “INS Institutional Excellence Award” on MIDHANI.
MIDHANI was honored with Rajbasha Cup Award and MIDHANI’s Hindi House Magazine “SANKALP” was conferred “Best Hindi Magazine Award” for the year 2012-13 from Town Official Language Implementation Committee [TOLIC(U)] Hyderabad / Secunderabad.
Dr. D K Likhi, Director (Production & Marketing) was awarded the “Award of Excellence” in the area of Technology and Management by Lions Club International on 15th September, 2013.
The team led by Shri P. Kiran, Dy. Manager (HRM) won the SODET Award (Silver) for Technology Innovation for the year 2012-13. The award was given at the function organized by SODET on 24th February 2014 at Mumbai.
Institute of Public Enterprises (IPE) presented Vigilance “Excellence Award” for the year 2013-14 to MIDHANI and Shri S. Narasing Rao, Senior Manager (Vigilance) was bestowed with best officer award in the recently organized programme by IPE on the occasion celebrating Golden Jubilee Year (1964-2014).
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10222391 |
30/09/2013 * |
3,400,000,000.00 |
STATE BANK OF INDIA |
CHANDRAYANAGUTTA BRANCH, KANCHANBAGH, HYDERABAD, |
B87686135 |
|
2 |
90117719 |
11/03/2002 |
28,000,000.00 |
ANDHRA BANK |
BDL CAMPUS BRANCH, HYDERABAD, ANDHRA PRADESH, INDI |
- |
|
3 |
90117414 |
11/06/2010 * |
160,000,000.00 |
ANDHRA BANK |
BDL CAMPUS BRANCH, HYDERABAD, ANDHRA PRADESH - 500 |
A88562178 |
|
4 |
90117209 |
19/02/1997 |
20,000,000.00 |
ANDHRA BANK |
BDL CAMPUS BRANCH, HYDERABAD, ANDHRA PRADESH, INDI |
- |
|
5 |
90118213 |
07/09/1989 * |
10,000,000.00 |
ANDHRA BANK |
SANTOSHNAGAR COLONY, HYDERABAD, ANDHRA PRADESH - 5 |
- |
|
6 |
90116623 |
27/07/1992 * |
6,970,000,000.00 |
ANDHRA BANK |
SANTOSHNAGAR COLONY, HYDERABAD, ANDHRA PRADESH - 5 |
- |
|
7 |
90116538 |
24/01/1983 |
20,000,000.00 |
STATE BANK OF INDIA |
HYDERABAD, HYDERABAD, ANDHRA PRADESH, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.62 |
|
|
1 |
Rs.98.50 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
66 |
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.