MIRA
INFORM REPORT
|
Report No. : |
346801 |
|
Report Date : |
04.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SRI
LAXMI VENKATESHWARA POWER PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H. No. 1-2-59, 2nd Floor, Block-N, Kakatiya Nagar, |
|
Mobile No.: |
91-9948064124 [Mr. Kondal Reddy Yeldanda] |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.09.2015 [Provisional] |
|
|
|
|
Date of
Incorporation : |
27.01.2015 |
|
|
|
|
Com. Reg. No.: |
097398 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 32.432
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40104TG2015PTC097398 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TIN No.: |
37984350247 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAVCS3732P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Generation of Renewable Energy (Electricity)
from Industrial Waste and Biomass sources such as Poultry litter, Rice Husk
and Wood waste etc. and also Supply the power to AP Transmission Corporation
Limited (Discom), State Govt Undertakings. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Project under Implementation |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Hyderabad based private limited company was incorporated
on 27th January 2015. It is engaged in generation of Renewable
Energy (Electricity) from Industrial waste and Biomass sources such as
Poultry Litter, Rice Husk and Wood waste etc. and supply power to AP
Transmission Corporation Limited, State Government undertakings. The company’s proposed project is to purchase land, buildings and
plant and machinery of a 3.66 MW Plant based on poultry litter (70%), wood
chips (10%) and rice husk (20%) from RAUS POWER LIMITED. The project cost has
been estimated as Rs. 168.000 Million and the means of finance would be
Equity 34.53% i.e. 58.000 Million and Term Loans from Banks of remaining
65.47% i.e.110.000 Million. The debt equity ratio works out to 1.90:1.0. The project is expected to be re-commissioned in April 2016 and the
plant is estimated to work for 335 days in a year. The capacity utilized is
assumed as 70% in its first year and 80% from the second year onwards. In view of project under implementation and the uncertainty of
realization of the estimated projection, the company can be considered for
business 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Kondal Reddy Yeldanda |
|
Designation : |
Director |
|
Contact No.: |
91-9948064124 |
|
Date : |
03.11.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
H. No. 1-2-59, 2nd Floor, Block-N, Kakatiya Nagar, Clock Building Circle, Habsiguda, Hyderabad - 500007, Telangana, India |
|
Tel. No.: |
91-40-65220004 |
|
Mobile No.: |
91-9948064124 [Mr. Kondal Reddy Yeldanda] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
1200 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Power Plant : |
Sy No. 197/2, 199 and 200, Duppalapudi (V), Anaparthy Mandal, East Godavari
District - 533342, Andhra Pradesh, India |
|
E-Mail : |
|
|
Area : |
12.98 Aces |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Bheelya Kethavath |
|
Designation : |
Managing director |
|
Address : |
H. No. 5-8-50/383A/NP, Sagar Complex,, Sreepurm Colony, Sagar Road, B.N. Reddy Nagar, Hyderabad - 500079, Telangana, India |
|
Date of Birth/Age : |
04.05.1973 |
|
Qualification : |
B.E. (Civil) |
|
Experience : |
20 Years |
|
Date of Appointment : |
27.01.2015 |
|
PAN No.: |
AJEPK9058M |
|
DIN No.: |
07067247 |
|
|
|
|
Name : |
Mr. Sri Reddy Dhora Jitta |
|
Designation : |
Director |
|
Address : |
H.No.16-2-751/A/31/C/112 and 113, Tirumalahills, Asmangadh, Malakpet, Hyderabad - 500036, Telangana, India |
|
Date of Birth/Age : |
22.04.1988 |
|
Qualification : |
B.SC., B.Ed |
|
Experience : |
3 Years |
|
Date of Appointment : |
29.09.2015 |
|
PAN No.: |
AMWPJ7648D |
|
DIN No.: |
07306344 |
|
|
|
|
Name : |
Mr. Kondal Reddy Yeldanda |
|
Designation : |
Director |
|
Address : |
Flat No 303 Sree Venkatadri Nivas, H No 11-13-117/1 Margadarshi Colony Roan No 1, Hyderabad - 500035, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.08.1980 |
|
Qualification : |
B.Com, FCA |
|
Experience : |
13 Years |
|
Date of Appointment : |
27.01.2015 |
|
PAN No.: |
AAZPY6787H |
|
DIN No.: |
03221609 |
|
|
|
|
Name : |
Mr. Jityta Surender Reddy |
|
Designation : |
Director |
|
Address : |
H.No.16-2-751/A/31/C/112 and 113, Tirumalahills, Asmangadh, Malakpet,
Hyderabad - 500036, Telangana, India |
|
Date of Birth/Age : |
04.04.1963 |
|
Qualification : |
B.SC., B. Ed |
|
Experience : |
25 Years |
|
PAN No.: |
AFEPJ0242C |
|
Voter ID No.: |
TZT0214536 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.01.2015
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Bheelya Kethavath |
35000 |
35.00 |
|
Bollam M. Yadav |
15000 |
15.00 |
|
Bollam Indira |
20000 |
20.00 |
|
Kondal Reddy Yeldanda |
30000 |
30.00 |
|
|
|
|
|
Total |
100000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Generation of Renewable Energy (Electricity) from
Industrial Waste and Biomass sources such as Poultry litter, Rice Husk and
Wood waste etc. and also Supply the power to AP Transmission Corporation
Limited (Discom), State Govt Undertakings. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
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Imports : |
-- |
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|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
PRODUCTION STATUS
|
Products |
Installed
Capacity |
|
|
|
|
Power Generation |
3.66 MW |
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||
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Customers : |
Others · AP Transmission Corporation Limited
|
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No. of Employees : |
30 (Approximately) |
||||||||||||||||||||||
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Bankers : |
· Bank of India [New Account] MCB, Masab Tank, Hyderabad, Andhra Pradesh, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. Nagaraja Chary and
Associates Chartered Accountants |
|
Address : |
1-4-65/5, Street No. 8, Habsiguda, Hyderabad - 500007, Telangana,
India |
|
Tel. No.: |
91-40-65155566 |
|
Mobile No.: |
91-9440123155 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2015
[PROVISIONAL]
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,243,200 |
Equity Shares |
Rs. 10/- each |
Rs. 32.432
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
30.09.2015 [Provisional] [6 Months] |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
32.432 |
1.000 |
|
(b) Reserves & Surplus |
|
0.059 |
7.277 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
32.491 |
8.277 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
6.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
6.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
0.000 |
0.000 |
|
(c)
Other current liabilities |
|
4.816 |
0.010 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
4.816 |
0.010 |
|
|
|
|
|
|
TOTAL |
|
43.307 |
8.287 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
24.078 |
0.228 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
24.078 |
0.228 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
|
0.163 |
2.055 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f) Other
current assets |
|
19.066 |
6.004 |
|
Total
Current Assets |
|
19.229 |
8.059 |
|
|
|
|
|
|
TOTAL |
|
43.307 |
8.287 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
30.09.2015 [Provisional] [6 Months] |
31.03.2015 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
|
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
|
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
|
30.09.2015 [Provisional] [6 Months] |
31.03.2015 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.18 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.99 |
805.90 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
30.09.2015
[Provisional] |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
1.000 |
32.432 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Money received against share warrants |
0.000 |
0.000 |
|
Share Application money pending allotment |
7.277 |
0.059 |
|
Net
worth |
8.277 |
32.491 |
|
|
|
|
|
Long-term borrowings |
0.000 |
6.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
6.000 |
|
Debt/Equity ratio |
0.000 |
0.185 |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
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 |
No |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
No |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS.
IN MILLION)
|
PARTICULARS |
30.09.2015 (Provisional) |
31.03.2015 |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors and their Relatives |
6.000 |
0.000 |
|
|
|
|
|
Total |
6.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT COST
(RS.
IN MILLION)
|
SR. NO. |
PARTICULARS |
TOTAL
COST |
|
|
|
|
|
1 |
Land and Land Development |
9.100 |
|
|
|
|
|
2 |
Civil and Structural Works |
34.800 |
|
|
|
|
|
3 |
Plant and Machinery |
106.100 |
|
|
|
|
|
4 |
Preliminary and Pre-operative Expenses |
6.000 |
|
|
|
|
|
5 |
Interest during Construction (IDC) |
4.800 |
|
|
|
|
|
6 |
Margin Money for WC |
7.200 |
|
|
|
|
|
|
Total |
168.000 |
------------------------------------------------------------------------------------------------------------------------------
MEANS OF FINANCE
(RS.
IN MILLION)
|
SR. NO. |
PARTICULARS |
TOTAL
COST |
|
|
|
|
|
1 |
Equity from Promoters |
58.000 |
|
|
|
|
|
2 |
Term Loans |
110.000 |
|
|
|
|
|
|
Total |
168.000 |
------------------------------------------------------------------------------------------------------------------------------
DEBT SERVICE COVERAGE
RATIO [NET]
(RS.
IN MILLION)
|
PARTICULARS |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
|
|
|
|
|
|
|
A. COVERAGE |
|
|
|
|
|
|
Profit after Tax [PAT] |
7.300 |
11.500 |
12.400 |
13.000 |
13.600 |
|
Depreciation |
7.500 |
7.500 |
7.500 |
7.500 |
7.500 |
|
Prel. & Pre. Op. Expenses w/off |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
|
|
|
|
|
|
|
|
Total Coverage |
15.000 |
19.200 |
20.100 |
20.700 |
21.300 |
|
|
|
|
|
|
|
|
B. SERVICE |
|
|
|
|
|
|
Repayment of Term Loans |
6.100 |
12.200 |
12.200 |
12.200 |
12.200 |
|
|
|
|
|
|
|
|
Total Service |
6.100 |
12.200 |
12.200 |
12.200 |
12.200 |
|
|
|
|
|
|
|
|
DSCR |
2.45 |
1.57 |
1.64 |
1.69 |
1.75 |
|
|
|
|
|
|
|
|
Average DSCR
[Net] |
1.85 |
||||
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFITABILITY
STATEMENT
(RS.
IN MILLION)
|
PARTICULARS |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
|
|
|
|
|
|
|
INCOME |
|
|
|
|
|
|
Gross Sales |
118.300 |
138.900 |
143.400 |
143.400 |
143.400 |
|
Less: Excise Duty, VAT |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Sales |
118.300 |
138.900 |
143.400 |
143.400 |
143.400 |
|
|
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
|
|
Raw Materials |
66.000 |
79.200 |
83.100 |
83.100 |
83.100 |
|
Chemicals |
0.600 |
0.600 |
0.600 |
0.600 |
0.600 |
|
Utilities |
1.600 |
1.700 |
1.700 |
1.700 |
1.700 |
|
R & M Expenses |
1.100 |
1.300 |
1.300 |
1.400 |
1.500 |
|
Direct Wages |
10.400 |
10.900 |
11.400 |
12.000 |
12.600 |
|
Other Manufacturing Expenses |
1.200 |
1.400 |
1.400 |
1.400 |
1.400 |
|
|
|
|
|
|
|
|
Total |
80.800 |
95.100 |
99.700 |
100.300 |
101.000 |
|
|
|
|
|
|
|
|
Work in Progress
|
|
|
|
|
|
|
Add: Opening WIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Closing WIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cost of
Production |
80.800 |
95.100 |
99.700 |
100.300 |
101.000 |
|
|
|
|
|
|
|
|
Finished Goods |
|
|
|
|
|
|
Add: Opening Stock |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Closing Stock |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total Cost of
Sales |
80.800 |
95.100 |
99.700 |
100.300 |
101.000 |
|
|
|
|
|
|
|
|
Contribution |
37.400 |
43.800 |
43.700 |
43.100 |
42.400 |
|
Contribution % |
31.66% |
31.51% |
30.48% |
30.03% |
29.57% |
|
|
|
|
|
|
|
|
Fixed and
Semi-Variable Expenses |
|
|
|
|
|
|
Admn. Expenses |
1.200 |
1.400 |
1.400 |
1.400 |
1.400 |
|
Insurance |
0.500 |
0.500 |
0.500 |
0.500 |
0.600 |
|
Fixed Salaries |
1.300 |
1.400 |
1.600 |
1.700 |
1.900 |
|
Pre-Expenses set off |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
|
|
|
|
|
|
|
|
Total Fixed
Costs |
3.100 |
3.500 |
3.700 |
3.900 |
4.100 |
|
|
|
|
|
|
|
|
Total
Expenditure |
83.900 |
98.600 |
103.400 |
104.200 |
105.100 |
|
|
|
|
|
|
|
|
Operating Expenses / MW |
0.49 |
0.53 |
0.55 |
0.58 |
0.60 |
|
|
|
|
|
|
|
|
PBIDT |
34.300 |
40.300 |
40.000 |
39.200 |
38.300 |
|
PBIDT % |
29.03% |
29.01% |
27.91% |
27.34% |
26.73% |
|
Interest on TL |
14.600 |
13.200 |
11.600 |
9.900 |
8.300 |
|
Interest on WC |
3.000 |
3.500 |
3.600 |
3.600 |
3.600 |
|
Profit/ Loss before Depreciation |
16.700 |
22.100 |
23.200 |
24.000 |
24.800 |
|
Less: Depreciation |
7.500 |
7.500 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
|
Profit before Tax (PBT) |
9.200 |
14.600 |
15.600 |
16.500 |
17.200 |
|
|
|
|
|
|
|
|
Provision for Tax |
1.900 |
3.100 |
3.300 |
3.500 |
3.600 |
|
|
|
|
|
|
|
|
Profit after Tax
(PAT) |
7.300 |
11.500 |
12.400 |
13.000 |
13.600 |
|
|
|
|
|
|
|
|
Cash Accruals |
15.000 |
19.200 |
20.100 |
20.700 |
21.300 |
|
|
|
|
|
|
|
|
PBT / Sales |
7.76% |
10.52% |
10.90% |
11.48% |
12.02% |
|
PAT / Sales |
6.13% |
8.31% |
8.62% |
9.07% |
9.50% |
|
% PAT on Cash Accruals |
48.48 |
59.96 |
61.58 |
62.79 |
63.87 |
|
|
|
|
|
|
|
|
Cumulative Cash Accruals |
15.000 |
34.200 |
54.300 |
75.000 |
96.300 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLION)
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
SOURCES OF FUNDS
|
|
|
|
|
|
|
Own Funds |
|
|
|
|
|
|
Capital |
50.800 |
58.000 |
58.000 |
58.000 |
58.000 |
|
Profit and Loss Account |
0.000 |
7.300 |
18.800 |
31.100 |
44.100 |
|
|
|
|
|
|
|
|
Total |
50.800 |
65.300 |
76.800 |
89.200 |
102.200 |
|
|
|
|
|
|
|
|
Long Term Loans |
|
|
|
|
|
|
Shareholders/ Directors |
|
|
|
|
|
|
Term Loans from Bank |
103.900 |
91.700 |
79.400 |
67.200 |
55.000 |
|
|
|
|
|
|
|
|
Total |
103.900 |
91.700 |
79.400 |
67.200 |
55.000 |
|
|
|
|
|
|
|
|
Current
Liabilities |
|
|
|
|
|
|
Bank Finance – WC |
0.000 |
22.000 |
26.000 |
27.000 |
27.000 |
|
Repayment due within one year |
6.100 |
12.200 |
12.200 |
12.200 |
12.200 |
|
Other Current Liabilities |
|
|
|
|
|
|
Current Liabilities |
0.000 |
1.700 |
2.000 |
2.100 |
2.100 |
|
|
|
|
|
|
|
|
Total Current
Liabilities |
6.100 |
35.900 |
40.300 |
41.400 |
41.400 |
|
|
|
|
|
|
|
|
TOTAL SOURCES OF FUNDS |
160.800 |
192.900 |
196.500 |
197.700 |
198.500 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
Fixed Assets |
|
|
|
|
|
|
Gross Block |
160.000 |
160.000 |
160.000 |
160.000 |
160.000 |
|
Less: Depreciation |
0.000 |
7.500 |
15.100 |
22.600 |
30.200 |
|
|
|
|
|
|
|
|
Net Block |
160.000 |
152.500 |
144.900 |
137.400 |
129.800 |
|
|
|
|
|
|
|
|
Other Expenditure |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
160.000 |
152.500 |
144.900 |
137.400 |
129.800 |
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
Current Assets |
0.000 |
30.900 |
36.500 |
37.900 |
37.900 |
|
Other Current Assets |
-- |
7.500 |
12.500 |
15.000 |
16.000 |
|
Cash and Bank Balance |
0.000 |
1.300 |
2.100 |
2.100 |
2.100 |
|
|
|
|
|
|
|
|
Total |
0.000 |
39.700 |
51.100 |
55.000 |
56.000 |
|
|
|
|
|
|
|
|
Non-Current Assets |
0.000 |
0.000 |
0.000 |
5.000 |
12.500 |
|
|
|
|
|
|
|
|
Preliminary Expenses |
0.800 |
0.700 |
0.500 |
0.300 |
0.200 |
|
|
|
|
|
|
|
|
TOTAL APPLICATION OF FUNDS |
160.800 |
192.900 |
196.500 |
197.700 |
198.500 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Long Term Debt) |
2.04 |
1.58 |
1.37 |
1.16 |
0.95 |
|
Term Loans repayable within 1 year |
0.61 |
1.22 |
1.22 |
1.22 |
1.22 |
|
Total Current Assets |
-- |
39.700 |
51.100 |
55.000 |
56.000 |
|
Total Current Liabilities |
-- |
35.900 |
40.300 |
41.400 |
41.400 |
|
|
|
|
|
|
|
|
Current Ratio |
-- |
1.11 |
1.27 |
1.33 |
1.35 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED FUNDS FLOW
STATEMENT
(RS.
IN MILLION)
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
SOURCES OF FUNDS |
|
|
|
|
|
|
Profit after Tax [PAT] |
-- |
7.300 |
11.500 |
12.400 |
13.000 |
|
Increase in Capital |
50.800 |
7.200 |
-- |
-- |
-- |
|
Increase in Term loans |
110.000 |
0.000 |
-- |
-- |
-- |
|
Increase in Bank Borrowings |
-- |
22.000 |
4.000 |
1.000 |
0.000 |
|
Prel. Expenses w/off |
-- |
0.200 |
0.200 |
0.200 |
0.200 |
|
Depreciation |
-- |
7.500 |
7.500 |
7.500 |
7.500 |
|
Current Liabilities |
-- |
1.700 |
0.300 |
0.100 |
0.000 |
|
|
|
|
|
|
|
|
Total |
160.800 |
45.800 |
23.600 |
21.200 |
20.700 |
|
|
|
|
|
|
|
|
DISPOSITION OF
FUNDS |
|
|
|
|
|
|
Capital Expenditure |
160.000 |
-- |
-- |
-- |
-- |
|
Other Expenditure |
-- |
-- |
-- |
-- |
-- |
|
Repayment of Term Loan |
-- |
6.100 |
12.200 |
12.200 |
12.200 |
|
Increase in Current Assets |
-- |
30.900 |
5.600 |
1.400 |
0.000 |
|
Increase in Other Current Assets |
-- |
7.500 |
5.000 |
2.500 |
1.000 |
|
Increase in Other Non-Current Assets |
-- |
-- |
-- |
5.000 |
7.500 |
|
Preliminary Expenses |
0.800 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
160.800 |
44.500 |
22.900 |
21.100 |
20.700 |
|
|
|
|
|
|
|
|
Surplus |
0.000 |
1.300 |
0.700 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Opening Balance |
0.000 |
0.000 |
1.300 |
2.100 |
2.100 |
|
|
|
|
|
|
|
|
Closing Balance |
0.000 |
1.300 |
2.100 |
2.100 |
2.100 |
------------------------------------------------------------------------------------------------------------------------------
BREAK EVEN ANALYSIS
(RS.
IN MILLION)
|
PARTICULARS |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
|
|
|
|
|
|
|
Sales |
118.300 |
138.900 |
143.400 |
143.400 |
143.400 |
|
|
|
|
|
|
|
|
Variable
Expenses |
|
|
|
|
|
|
Cost of Sales |
80.800 |
95.100 |
99.700 |
100.300 |
101.000 |
|
Interest on WC |
3.000 |
3.500 |
3.600 |
3.600 |
3.600 |
|
|
|
|
|
|
|
|
Total |
83.800 |
98.600 |
103.300 |
104.000 |
104.600 |
|
|
|
|
|
|
|
|
Contribution |
34.500 |
40.300 |
40.100 |
39.400 |
38.700 |
|
|
|
|
|
|
|
|
Fixed/
Semi-Variable Expenses |
|
|
|
|
|
|
Depreciation |
7.500 |
7.500 |
7.500 |
7.500 |
7.500 |
|
Fixed Costs |
3.100 |
3.500 |
3.700 |
3.900 |
4.100 |
|
Interest |
14.600 |
13.200 |
11.600 |
9.900 |
8.300 |
|
|
|
|
|
|
|
|
Total |
25.300 |
24.200 |
22.800 |
21.300 |
19.900 |
|
|
|
|
|
|
|
|
BEP [Op Cap] |
73.38% |
60.14% |
56.85% |
54.05% |
51.25% |
|
|
|
|
|
|
|
|
BEP [In Cap] |
51.36% |
48.11% |
45.48% |
43.24% |
41.00% |
|
|
|
|
|
|
|
|
BE Sales
[Operating Cap] |
86.800 |
83.500 |
81.500 |
77.500 |
73.500 |
|
|
|
|
|
|
|
|
Cash BEP [%] |
36.05% |
33.12% |
30.42% |
27.94% |
25.43% |
|
|
|
|
|
|
|
|
Cash Break Even
Sales |
60.900 |
57.500 |
54.500 |
50.100 |
45.600 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. BHEELYA KETHAVATH
(RS. IN MILLION)
|
SR. NO. |
DESCRIPTION |
PARTICULARS |
31.03.2015 |
|
|
|
|
|
|
1 |
Agricultural Land |
Sy. No.130, 153,
154, 155, 147, 167, 168, 169, 160 at its Kurmedu Revenue Village, Chintapally
Mandal, Nalgonda District, Telangana Total Area Ac
15.34 gts |
60.000 |
|
|
|
|
|
|
2 |
Non-Agricultural Land |
Sy. No. in Devarakonda
92, 93, 277, 501, 502, 504, 94, 95, 131, 116, 118 Open Plots in Hayathnagar,
Hyderabad surroundings (Approx. 15000
Sq. yds.) |
150.000 |
|
|
|
|
|
|
3 |
Commercial Buildings |
Nil |
0.000 |
|
|
|
|
|
|
4 |
Residential Buildings |
59/A, 59 300 Sq
yd. 200 Sq. yds. 5700 Sq. ft., 1100 Sq. ft. (2 Residential Dupex Houses) |
50.000 |
|
|
|
|
|
|
5 |
Others |
Investment in
Harikrishna Constructions |
16.636 |
|
|
|
|
|
|
|
|
Investment in
SLV Power Private Limited |
2.040 |
|
|
|
|
|
|
|
|
Investment in
Hi-Tech Filling Station, Mall, Nalgonda District |
2.524 |
|
|
|
|
|
|
|
Total |
|
281.200 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. KONDAL REDDY YELDANDA
(RS. IN MILLION)
|
SR. NO. |
DESCRIPTION |
PARTICULARS |
31.03.2015 |
|
|
|
|
|
|
1 |
Agricultural Land |
Chamalapally
Village, Nampally Mandal, Nalgonda District, Telangana Total area 12.00
Acre |
4.200 |
|
|
|
|
|
|
2 |
Non-Agricultural Land |
Open Plots at Chandur,
Venkateshwara Nagar, Nalgonda District and Hayath Nagar and Ramoji Film city
at Hyderabad [Total 2500 Sq.
yds] |
18.000 |
|
|
|
|
|
|
3 |
Commercial Buildings |
Nil |
0.000 |
|
|
|
|
|
|
4 |
Residential Buildings Less: Home Loan |
Flat No. 303,
Sree Venkatadri Nivas, Margadarshi Colony, Kothapet, Hyderabad Built up area
985 Sq. ft |
4.039 0.900 |
|
|
|
|
|
|
|
Total |
|
25.339 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT REPORT
PROFILE
Subject incorporated
on 27 January 2015, head quartered at Hyderabad with main Objective of the company
is to acquire a Sick Bio mass (Industrial waste to energy) Power Plant at
Duppalapudi Village, Anaparthy Mandal, East Godavari Dist, AP. The Company has
entered into Memorandum of Understanding with Raus Power Limited for
acquisition of its existing Biomass based 3.66 MW Power plant located at Duppalapudi, Anaparthy Mandal, East
Godavari Dist, AP and paid substantial amount towards commitment Advance.
The current Installed and Operating capacity of the
plant is 3.66 Mw and which can be scalable in future. The Power project is
spread across Ac 12.98 cents of land
with clear boundary walls.
BACKGROUND
Subject incorporated
on 27 January 2015, head quartered at Hyderabad with main Objective to carry on,
manage, supervise, control, distribute and dealing in electricity.
Raus Power Limited established 3.66 MW Poultry litter
power plant established in the year 2009 and started commercial operations
27.02.2009. The main plant and machinery, i.e. Boiler had been supplied by
Cogent Engineers Private Limited, New Delhi and turbine had been supplied by
Triveni and Industries Limited. The plant was in operation till 24.10.2012. The
plant had been closed since then on account of differences among family members
of the promoters of Raus Power. Raus Power management has decided to sell the
assets of the power plant.
Accordingly SLVPPPL entered into a Memorandum of
Understanding with Raus Power Limited for the purchase of land, buildings and
plant and machinery of its existing 3.66 MW Poultry Litter based Power Plant
and paid substantial amount towards commitment advance.
The unit is located at Duppalapudi Village, Anaparthy
Mandal, East Godavari Dist, AP. The Power project is spread across Ac 12.98
cents of land within boundary walls.
The power project is a non-conventional energy
(industrial waste to energy) project that aims to recover valuable energy from
the nutrient rich poultry litter. The project provides numerous benefits to the
people and environment in general. In addition, the project helps in reducing
the greenhouse gas emissions. It is estimated that the project will reduce
approximately about 50000 tons of carbon-di-oxide equivalent per year.
SLVPPPL was originally incorporated on 27.10.2015. Its registered
and corporate office is located at #1-2-59, 2nd Floor, Block N,
Street No. 3, Kakatiya Nagar, Habsiguda, Hyderabad – 07, Telangana.
COMPANY’S
PROJECT
The Company’s proposed project is to purchase land,
buildings and plant and machinery of a 3.66 MW Power Plant based on poultry
litter (70%), wood chips (10%) and rice husk (20%) from Raus Power Limited. The
project cost has been estimated as Rs. 168.000 Million. The project is proposed
to be funded with Bank Term Loans of Rs. 110.000 Million and equity component
of Rs. 58.000 Million. The debt equity ratio works out to 1.90:1.0. the term
loan of Rs. 110.000 Million is repayable over 36 quarterly installments with a
moratorium period of 6 months from the COD (re-constituting). The actual door-to-door
repayment period will be 10 years.
GENESIS
OF THE PROJECT
The company requested APITCO to prepare a
Techno-Economic Viability Study of the existing Poultry Litter based Power
Plant of 3.66 MW capacity. Accordingly, APITCO has accepted the assignment and
prepared this Techno-Economic Viability Study Report. APITCO’s Consultants
visited the proposed site situated at Duppalapudi Village, Anaparthy (M), East
Godavari District, Andhra Pradesh and also interacted with the company’s
officials. Trends in the power sector were collected from primary sources like
Ministry of Power, Government of India. Information regarding the estimates /
valuation for civil works, plant and machinery items etc. has been collected
from SLVPPPL and verified by APITCO’s experts.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Name and Address of Branch |
Allahabad Bank Balanagar Branch 3/2-6, Balanagar (0211472) Main Road, HAL Post
Hyderabad, Telangana |
|
|
|
|
Name of Customers / Borrowal Unit |
Raus Power
Limited Office at Flat No. 201 in Second Floor of Tejaswi Apartments, in Premises
bearing No. 6-3-347/13, Dwarakapuri Colony, Panjagutta, Hyderabad – 500082 |
|
|
|
|
To be purchased by |
Sri Laxmi
Venkateshwara Power Projects Private Limited H. No. 1-2-59, 2nd Floor, Block-N, Kakatiya Nagar, Clock
Building Circle, Habsiguda, Hyderabad - 500007, Telangana, India |
|
|
|
|
Address |
Raus Power
Limited #2-313/1, Site
R.S. Nos. 197/2, 199, 200. Of Duppalapudi (V), Anaparthy Mandal, E.G.
District – 533342 Near Sri Puram
layout, Duppalapudi (V), Anaparthy Mandal. |
VALUATION
|
Land |
Ac. 12.98 Cents X @ Rs. 700000/- per Acre |
9.086 |
|
|
|
|
|
Building |
|
|
|
R.C.C. G.F. Weigh Bridge Room |
P.A. 26’06” X
20’02” = 534.41 Sq. ft.
@ Rs. 1125 per Sq. ft. |
0.601 |
|
R.C.C. G.F. Office / Canteen |
P.A. 39’04” X
39’06” = 1553 Sq. ft. @
Rs. 1125 per Sq. ft. |
1.747 |
|
R.C.C. G.F. Pump House |
P.A. 13’0” X
13’03” = 172.25 Sq. ft.
@ Rs. 1000 per Sq. ft. |
0.172 |
|
R.C.C. Water Tank |
P.A. 39’09” X
40’03” = 1599 Sq. ft. @
Rs. 1000 per Sq. ft. |
1.599 |
|
Cooling Towers Flat form |
P.A. 73’09” X
27’06” = 2028 Sq. ft. @
Rs. 350 per Sq. ft. |
0.710 |
|
A.C. Sheet Roof Litter Shed |
P.A. 66’09” X
99’09” = 6658 Sq. ft. @
Rs. 700 per Sq. ft. |
4.661 |
|
A.C. Sheet Roof Open Shed |
P.A. 54’09” X
19’09” = 1081 Sq. ft. @
Rs. 350 per Sq. ft. |
0.378 |
|
A.C. Sheet Roof Water Treatment |
P.A. 27’00” X
27’06” = 742 Sq. ft. @
Rs. 350 per Sq. ft. |
0.260 |
|
A.C. Sheet Roof Boiler Shed |
P.A. 74’05” X
30’09” = 2288 Sq. ft. @
Rs. 1050 per Sq. ft. |
2.402 |
|
A.C. Sheet Roof Shed Stores |
P.A. 27’01” X
40’05” = 1094 Sq. ft. @
Rs. 700 per Sq. ft. |
0.766 |
|
R.C.C. Column Roof Turbine House |
P.A. 80’00” X
42’00” = 3366 Sq. ft. @
Rs. 1050 per Sq. ft. |
3.534 |
|
A.C. Sheet Roof Turbine House |
P.A. 80’00” X 42’00”
= 3366 Sq. ft. @
Rs. 700 per Sq. ft. |
2.356 |
|
R.C.C. Roof Control Room G.F. |
P.A. 80’02” X
19’02” = 1533 Sq. ft. @
Rs. 1050 per Sq. ft. |
1.610 |
|
R.C.C. Roof Control Room F.F. |
P.A. 80’02” X
19’02” = 1533 Sq. ft. @
Rs. 900 per Sq. ft. |
1.380 |
|
R.C.C. Chimney |
|
1.275 |
|
Compound Wall |
|
2.000 |
|
|
|
|
|
|
|
25.451 |
|
Add for the
Additional works like footings, Basements for Tanks, Electrical works etc. |
0.500 |
|
|
|
|
|
|
Total Value of
the Buildings |
25.951 |
|
|
|
|
|
|
Land + Buildings
Total Value of the Properties |
|
35.037 |
|
|
|
|
|
Fair Market
Value |
|
38.501 |
|
|
|
|
|
Realizable Value
|
|
35.000 |
|
|
|
|
|
Forced /
Distress Sale Value |
|
31.533 |
------------------------------------------------------------------------------------------------------------------------------
PLANT & MACHINERY
VALUATION REPORT
(RS.
IN MILLION)
|
SR. NO. |
DESCRIPTION OF MACHINERY |
MARKET
VALUE |
|
|
|
|
|
1 |
Boiler 20 Tons capacity, 45 Kg/ Sq. cm Outlet pressure, 440 Degree Cen grade,
Poultry Li er fired Travelling Grate Boiler with Econnmizer, Super Heater,
Feed Water Pumps, Dried Li er Feeding Conveyor System, MCC Panel, PRDS, ESP and
Steam piping and Valves. |
31.085 |
|
|
|
|
|
2 |
Turbine Triveni Turbine-4000 kw/ 2007-44 KSC inlet / Temp 435 Degree Cent –
Turbine Rotor speed 8280 RPM – Order No. 12-0670 |
27.500 |
|
|
|
|
|
3 |
BHEL Generator Frame: G74904/ 700 KVA/6000KW/1500 RPM/0.8 LAG PF/Stator 11000V/Amp394
Sl. No. 65206A261-11-01/2007+Control Panel with Lightning Arrestor and Surge
capacitor |
6.000 |
|
|
|
|
|
4 |
Transformer ETE make 1600KVA/H Voltage 33000 and Low Voltage 433 – Sl. No.12358 –
Total Mass 5220 Kgs - 1996 |
0.700 |
|
|
|
|
|
5 |
RO Plant and Water Storage Tank |
1.200 |
|
|
|
|
|
6 |
Cooling Tower with Water Circula on Pumps and Motors and Piping and
Valves |
2.000 |
|
|
|
|
|
7 |
Air Compressors, 2 no.-Make: Atlas Capco – GX7 FF model – 2009, Piping
and pressure regulators and Pressure Gauges |
0.500 |
|
|
|
|
|
8 |
Weigh Bridge with computer and printer |
0.250 |
|
|
|
|
|
9 |
GENSET Caterpillar make 625 KVA, Diesel Genset – 2002 |
1.900 |
|
|
|
|
|
10 |
Wood Chippers, 2no. with 75 H.P. and 120 H.P. motors connected |
0.700 |
|
|
|
|
|
11 |
Poultry Li er Dryer Unit with Drive motor |
0.400 |
|
|
|
|
|
12 |
Submersible Pump set of 12.5 H.P., 2no. with suc on piping. |
0.400 |
|
|
|
|
|
13 |
Misc pipelines, electrical panel boards and others |
2.500 |
|
|
|
|
|
|
Total |
|
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Land Development
Misc.
Assets
Electrical
Items
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. 65.45 |
|
|
1 |
Rs. 100.96 |
|
Euro |
1 |
Rs. 72.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
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 |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--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 |
|
26 |
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.