MIRA INFORM REPORT
|
Report No. : |
348735 |
|
Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
CYBERCITY BUILDERS AND DEVELOPERS PRIVATE LIMITED (PARTIX) |
|
|
|
|
Registered
Office : |
Cybercity, Green Hills Road, Near HI-Tec City MMTS, IDL
Road, KPHB, Hyderabad – 500072, Telangana |
|
Tel. No.: |
91-40-32424444 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.09.2005 |
|
|
|
|
Com. Reg. No.: |
36-047355 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40108TG2005PTC047355 |
|
|
|
|
IEC No.: |
0910017905 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC8152C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in construction of commercial and
residential properties. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track. It was incorporated in the year 2005 and is engaged in construction of commercial and residential properties. For the financial year ended 2014, company has recorded a turnover of Rs. 988.000 million and arrived a profit of Rs. 259.000 million. Further, rating takes into consideration company's healthy financial profile supported by its good net worth position, low debt indicators and favourable profit margins recorded during a year under a review. Moreover, rating also considers the vast experience of its promoters in real estate development. Trade relations are fair. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered 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 bank facilities: BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
27.01.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
27.01.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
LOCATIONS
|
Registered Office : |
Cybercity, Green Hills Road, Near HI-Tec City MMTS, IDL
Road, KPHB, Hyderabad – 500072, Telangana, India |
|
Tel. No.: |
91-40-32424444/39993999 |
|
Fax No.: |
91-40-39993943/39993943 |
|
E-Mail : |
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|
|
|
|
Corporate Office: : |
3rd and 4th floors, Plot No: 55, Kavuri Hills, Road No: 36, Extended Jubliee Hills, Opposite to Water tank, Hyderabad – 500081, Telangana, India |
|
Tel. No.: |
91-40-23111222 |
DIRECTORS
AS ON 22.09.2014
|
Name : |
Mr. Venu Vinod Vedra |
|
Designation : |
Managing director |
|
Address : |
H.No.8-2-293/82/A, Plot No.1056, Road No.52, Jubilee Hills,
Hyderabad - 500033, Telangana, India |
|
Date of Birth/Age : |
06.01.1960 |
|
Date of Appointment : |
05.09.2005 |
|
DIN No.: |
00320407 |
|
|
|
|
Name : |
Mr. Korupolu Vijaya Bhaskar Reddy |
|
Designation : |
Whole-time director |
|
Address : |
401, Ashoka Gardenia, 5-9-22/59, Adarsh Nagar, Hyderabad -
500063, Telangana, India |
|
Date of Birth/Age : |
07.07.1961 |
|
Date of Appointment : |
05.09.2005 |
|
DIN No.: |
00823728 |
|
|
|
|
Name : |
Mr. Srivardhan Reddy Vedra |
|
Designation : |
Whole-time director |
|
Address : |
8-2-293/174/A/4, BNR Colony, Road No.14, Banjara Hills,
Hyderabad - 500034, Telangana, India |
|
Date of Appointment : |
28.02.2015 |
|
DIN No.: |
05173126 |
|
|
|
|
Name : |
Mr. Kottu Muralikrishna |
|
Designation : |
Director |
|
Address : |
No. 314, 100 Feet Road, Indiranagar, 1st Stage, Bangalore
- 560038, Karnataka, India |
|
Date of Birth/Age : |
06.06.1959 |
|
Date of Appointment : |
16.11.2013 |
|
DIN No.: |
00274082 |
|
|
|
|
Name : |
Mr. Maheshwari Kottu |
|
Designation : |
Director |
|
Address : |
314, 100 Feet Road, Indiranagar, I Stage, Bangalore -
560038, Karnataka, India |
|
Date of Birth/Age : |
20.08.1960 |
|
Date of Appointment : |
11.01.2010 |
|
DIN No.: |
02018428 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
K Murali Krishna |
|
3750000 |
|
V Venu Vinod |
|
1075000 |
|
Sunil V Chawda |
|
1250000 |
|
K Vijay Bhaskar Reddy |
|
615603 |
|
K Lakshma Reddy |
|
477262 |
|
N Jaiveer Reddy |
|
650539 |
|
Sapthala Reddy |
|
175000 |
|
K Neeraja |
|
273342 |
|
N Jaideep Reddy |
|
199846 |
|
N Shilpitha Reddy |
|
299769 |
|
K Leena Reddy |
|
199846 |
|
K Uttam Kumar Reddy |
|
309762 |
|
K Swthambari Reddy |
|
205841 |
|
P Keerthi Reddy |
|
155880 |
|
K Ajithesh Reddy |
|
51255 |
|
K Ajithesh |
|
155880 |
|
K Nikitha |
|
155175 |
|
Total |
|
10000000 |
AS ON 04.02.2015
|
Names of Allottees |
|
No. of Shares |
|
IDFC Real Estate Yield Fund (acting through its investment manager
IDFC alternatives limited) |
|
7500 |
|
|
|
|
|
Total |
|
7500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
%20-%20348735%2010-Nov-2015_files/image009.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in construction of commercial and
residential properties. |
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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 |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
Ramana Reddy and Associates Chartered Accountants |
|
Address : |
10-5-6/B, My Home PlazaOff: 103, 2nd Floor, Masabtank |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFA6113F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associated
Companies controlled by key management personnel / relatives who are
substantially interested: |
[U45400TG2007PTC056012]
[U45200TG2002PLC039004]
[U15134KA2006PTC038475]
|
CAPITAL STRUCTURE
AFTER 22.09.2014
Authorised Capital : Rs. 410.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 144.000
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
|
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
408.096 |
239.645 |
113.035 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
71.500 |
82.700 |
|
Total
Shareholders’ Funds (1) + (2) |
508.096 |
411.145 |
295.735 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
279.958 |
216.031 |
202.975 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
1.151 |
4.509 |
|
(c) Other long term
liabilities |
18.522 |
18.300 |
164.765 |
|
(d) long-term provisions |
2.738 |
1.656 |
0.000 |
|
Total
Non-current Liabilities (3) |
301.218 |
237.138 |
372.249 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
47.871 |
26.890 |
19.686 |
|
(c) Other current liabilities |
4376.122 |
3360.665 |
2713.926 |
|
(d) Short-term provisions |
29.120 |
21.015 |
8.877 |
|
Total
Current Liabilities (4) |
4453.113 |
3408.570 |
2742.489 |
|
|
|
|
|
|
TOTAL |
5262.427 |
4056.853 |
3410.473 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
181.186 |
200.662 |
133.757 |
|
(ii) Intangible Assets |
0.087 |
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 |
57.200 |
56.200 |
76.200 |
|
(c) Deferred tax assets (net) |
1.495 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
239.968 |
256.862 |
209.957 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4338.953 |
3211.080 |
2721.257 |
|
(c) Trade receivables |
28.655 |
45.264 |
0.000 |
|
(d) Cash and cash equivalents |
45.077 |
118.181 |
30.740 |
|
(e) Short-term loans and
advances |
555.149 |
410.603 |
446.518 |
|
(f) Other current assets |
54.625 |
14.863 |
2.001 |
|
Total
Current Assets |
5022.459 |
3799.991 |
3200.516 |
|
|
|
|
|
|
TOTAL |
5262.427 |
4056.853 |
3410.473 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover |
988.000 |
NA |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
259.900 |
191.767 |
103.334 |
|
|
|
|
|
|
|
|
TAX |
91.449 |
68.346 |
31.377 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
168.451 |
126.610 |
71.957 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
16.85 |
12.66 |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
304.315 |
200.000 |
298.720 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
38.814 |
181.020 |
111.444 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.15 |
1.01 |
1.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.11 |
1.17 |
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 |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
113.035 |
239.645 |
408.096 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
82.700 |
71.500 |
0.000 |
|
Net
worth |
295.735 |
411.145 |
508.096 |
|
|
|
|
|
|
long-term borrowings |
202.975 |
216.031 |
279.958 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of long-term
debts |
298.720 |
200.000 |
304.315 |
|
Total
borrowings |
501.695 |
416.031 |
584.273 |
|
Debt/Equity
ratio |
1.696 |
1.012 |
1.150 |
%20-%20348735%2010-Nov-2015_files/image011.gif)
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last one year |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 5/3/338/3. R.P Road, Secunderabad
-500003, Telangana, India to the present
address w.e.f. 25.02.2011
OPERATIONS AND
FINANCIAL HIGHLIGHTS:
The construction of Phase IIA Rock Garden residential flats is in advanced stage and is expected to complete on or before 31st March, 2015. The company has obtained permissions required for Phase IIB from the concerned authorities. The construction of Phase IIB of Rock Garden residential flats is well in progress.
During the year, the company has recognized profit on sale of flats in Phase I Rainbow Vistas project. In addition, the company also transferred advances of Phase IIA Rock Garden to the statement of profit and loss to the extent of sale deeds executed as the company has completed substantial progress in that project.
The company has recorded a turnover of Rs.988.000 Million and arrived a profit of Rs.259.900 Million after providing depreciation and financial charges.
The Directors taking all steps to project better financial results in the coming year.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
233.604 |
0.000 |
|
Intercorporate borrowings |
37.250 |
0.000 |
|
Total |
270.854 |
0.000 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10592052 |
10/07/2015 |
40,000,000.00 |
THE KARUR VYSYA BANK LTD |
D.NO.8-2-686/B/10, PLOT NO.542, ROAD NO.12, BANJA |
C64733827 |
|
2 |
10549886 |
27/01/2015 |
600,000,000.00 |
KARUR VYSYA BANK |
HYDERABAD BANJARAHILLS BRANCH, D.NO.8-2-686/B/10,, |
C43957471 |
|
3 |
10550833 |
31/01/2015 * |
750,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA |
C44898419 |
|
4 |
10537519 |
13/10/2014 |
18,000,000.00 |
UNION BANK OF INDIA |
6-1-67/14, 1ST FLOOR, OPP. D G P OFFICE,, PUBLIC |
C37456936 |
|
5 |
10505514 |
29/03/2014 |
100,000,000.00 |
CITY UNION BANK LIMITED |
KUKATPALLY BRANCH, 15-24-182, MIG.182, PHASE-I, K |
C08854960 |
|
6 |
10355405 |
30/04/2012 |
1,849,020.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
B39535281 |
|
7 |
10355408 |
30/04/2012 |
1,375,286.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
B39536529 |
|
8 |
10355844 |
30/04/2012 |
3,019,020.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
B39650957 |
|
9 |
10319437 |
14/10/2011 |
1,073,000.00 |
UNION BANK OF INDIA |
6-1-67/14, 1ST FLOOR, PUBLIC GARDEN ROAD, SAIFABA |
B25953969 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Office equipment
Intangible assets
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
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 records 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.63.34 |
|
UK Pound |
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.