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|
|
MIRA INFORM REPORT
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Report No. : |
505144 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
JVK INFRA PRIVATE LIMITED |
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|
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|
Registered
Office : |
Plot No 320, 5th Floor, East Avenue, Ayyappa Society, Madhapur, Hyderabad
– 500081, Telangana |
|
Tel. No.: |
91-40-40035969 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
12.07.2007 |
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Com. Reg. No.: |
36-054778 |
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Capital Investment
/ Paid-up Capital : |
INR 47.400 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U45400TG2007PTC054778 |
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|
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IEC No.: [Import-Export Code No.] |
Not divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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TIN No.: |
36126966892 |
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GSTN : [Goods & Service Tax
Registration No.] |
36AABCJ8669C1ZE |
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PAN No.: [Permanent Account No.] |
AABCJ8669C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Constructions Activity. (Registered activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 360000 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 2007. The company is engaged in
civil and engineering construction contracts. The company has executing construction
of ESIC Hospital
Buildings and staff quarters at Chennai. It is also engaged in construction
of approach ways and trail pits (WBM) roads to move inspection vehicles for
the purpose of power projects at Arunachal Pradesh, and also executing
construction of Mega Hostel building of NIT campus, NIT, Kettengal, Calicut. As per the financial of 2017, the company has achieved a fair growth
of 15.07% in its revenue as compared to the previous year’s revenue and has
reported an average net profit margin of 4.86%. The company possesses satisfactory financial position marked by
adequate net worth base, low debt balance sheet profile and moderate
liquidity position. The rating is constrained by company’s working capital intensity and
inherent challenges associates with the construction sector. Business is active. Payment seems to be slow. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 25.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE: 91-40-40035969
LOCATIONS
|
Registered Office / Corporate Office : |
Plot No 320, 5th Floor, East Avenue, Ayyappa Society, Madhapur,
Hyderabad – 500081, Telangana, India |
|
Tel. No.: |
91-40-40035969 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Regional Office 1: |
Allo’s Apartment, B- Sector, Near Rajbhavan, Itanagar – 791111,
Arunanchal Pradesh, India |
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Regional Office 2: |
Plot No. 37, 1st Floor, Ulsoor, Bangalore – 560042,
Karnataka, India |
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Regional Office 3: |
Quarter No -14, ESIC Hospital, Ayanavaram, Chennai – 600023,
Tamilnadu, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Muppala Karthik Varma |
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|
Designation : |
Director |
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Address : |
Plot No.309, Road No.10C, MLA and MP Colony, Gayathri
Hills, Jubilee Hills, Hyderabad-
500033, Telangana, India |
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|
Date of Birth/Age : |
26.02.1982 |
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Date of Appointment : |
07.07.2015 |
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DIN No.: |
01570498 |
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Other Directorship:
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Name : |
Ms. Kalpana Palavaka |
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Designation : |
Director |
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Address : |
House No. LIG 88, Bharath Nagar Colony, Opposite Water
Tank, Bharath Nagar, Moosapet, Hyderabad – 500018, Telangana, India |
||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2007 |
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DIN No.: |
07778141 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Muppala Karthik Varma |
3693250 |
77.92 |
|
Vara Lakshmi Muppala |
1046750 |
22.08 |
|
Total |
4740000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Constructions Activity. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Ummareddy and Associates Chartered Accountants |
|
Address : |
H.NO. 8-4-369/S/608, Seetharamaiah Towers, New Sastry Nagar,
Erragadda, Hyderabad – 500018, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFU5314K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4740000 |
Equity Shares |
INR 10/- each |
INR 47.400
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
47.400 |
47.400 |
47.400 |
|
(b) Reserves & Surplus |
78.153 |
67.552 |
60.480 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
125.553 |
114.952 |
107.880 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.526 |
0.079 |
1.057 |
|
(b) Deferred tax liabilities
(Net) |
0.275 |
0.225 |
0.154 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1.801 |
0.304 |
1.211 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.735 |
10.915 |
12.032 |
|
(b) Trade payables |
87.690 |
38.221 |
35.945 |
|
(c) Other current liabilities |
22.089 |
1.681 |
3.372 |
|
(d) Short-term provisions |
1.271 |
9.197 |
0.000 |
|
Total
Current Liabilities (4) |
116.785 |
60.014 |
51.349 |
|
|
|
|
|
|
TOTAL |
244.139 |
175.270 |
160.440 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.720 |
6.594 |
7.520 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
34.276 |
34.276 |
34.276 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
42.996 |
40.870 |
41.796 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
13.215 |
28.225 |
68.540 |
|
(c) Trade receivables |
96.164 |
56.144 |
11.949 |
|
(d) Cash and cash equivalents |
0.759 |
1.100 |
1.686 |
|
(e) Short-term loans and
advances |
86.934 |
42.479 |
33.482 |
|
(f) Other current assets |
4.071 |
6.452 |
2.987 |
|
Total
Current Assets |
201.143 |
134.400 |
118.644 |
|
|
|
|
|
|
TOTAL |
244.139 |
175.270 |
160.440 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
218.172 |
189.594 |
32.817 |
|
|
Other Income |
0.171 |
0.150 |
0.162 |
|
|
TOTAL
|
218.343 |
189.744 |
32.979 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
71.940 |
62.029 |
12.158 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
15.471 |
40.693 |
(14.530) |
|
|
Employees benefits expense |
8.607 |
3.825 |
3.737 |
|
|
Other expenses |
107.498 |
70.640 |
39.304 |
|
|
TOTAL |
203.516 |
177.187 |
40.669 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
14.827 |
12.557 |
(7.690) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.687 |
2.458 |
2.959 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.140 |
10.099 |
(10.649) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.218 |
1.141 |
4.424 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
11.922 |
8.958 |
(15.073) |
|
|
|
|
|
|
|
Less |
TAX |
1.321 |
1.886 |
(0.677) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
10.601 |
7.072 |
(14.396) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
2.24 |
1.49 |
(3.04) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
28.194 |
27.126 |
25.418 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
160.88 |
108.09 |
132.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.27 |
3.38 |
2.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
444.91 |
224.91 |
1079.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.12 |
0.44 |
(0.11) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.70 |
1.90 |
(1.02) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.48 |
0.34 |
0.33 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.06 |
0.10 |
0.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.93 |
0.52 |
0.48 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.07 |
0.06 |
0.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
8.79 |
5.11 |
(2.60) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.86 |
3.73 |
(43.87) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.34 |
4.03 |
(8.97) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.44 |
6.15 |
(13.34) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.72 |
2.24 |
2.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.61 |
1.77 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.51 |
0.66 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.15 |
0.23 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.72 |
2.24 |
2.31 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
47.400 |
47.400 |
47.400 |
|
Reserves & Surplus |
60.480 |
67.552 |
78.153 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
107.880 |
114.952 |
125.553 |
|
|
|
|
|
|
Long Term borrowings |
1.057 |
0.079 |
1.526 |
|
Short Term borrowings |
12.032 |
10.915 |
5.735 |
|
Total
borrowings |
13.089 |
10.994 |
7.261 |
|
Debt/Equity
ratio |
0.121 |
0.096 |
0.058 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
32.817 |
189.594 |
218.172 |
|
|
|
477.731 |
15.073 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
32.817 |
189.594 |
218.172 |
|
Profit
/ (Loss) |
(14.396) |
7.072 |
10.601 |
|
|
(43.87%) |
3.73% |
4.86% |
LEGAL CASE
CASE DETAILS
|
Case Type: |
OP |
|
|
|
Filing
Number: |
11946/2013 |
Filing Date: |
18.06.2013 |
|
Registration
Number: |
1200/2013 |
Registration
Number: |
18.06.2013 |
|
CNR Number: |
201600119462013 |
|
|
Case Status
|
First Hearing
Date: |
18.06.2013 |
|
Next Hearing
Date: |
19.11.2014 |
|
Stage of
Case: |
ENQUIRY |
|
Court Number and
Judge: |
3-II ADDITIONAL CHIEF JUDGE |
Petitioner and Advocate
|
1) Petitioner – IL and FS Engineering and Construction Address:-Banjara Hill, Hyderabad Advocate: A. Venkatesh |
Respondent and Advocate
|
1. JVK Infra Limited and 2 others Address :-Madhapur, Hyderabad Advocate - |
Acts
|
Under Act(s) |
Under Section(s) |
|
ARBITRATION AND CONCILIATION ACT, 1996 ALONG WTH SCHEME, 1996 |
9 of the Arbitration Conciliation Act. |
|
LOWER COURT INFORMATION |
|
|
Court No and Name |
--- |
|
Case No. and Years |
--- |
|
Case Decision Date |
--- |
History of Case Hearing
|
Registration Number |
Judge |
Business On Date |
Hearing Date |
Purpose of hearing |
|
1200/2013 |
CHIEF JUDGE |
|
18.06.2013 |
CALL ON |
|
1200/2013 |
CHIEF JUDGE |
18.06.2013 |
11.07.2013 |
NOTICEFILING COUNTER |
|
1200/2013 |
CHIEF JUDGE |
11.07.2013 |
20.08.2013 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
20.08.2013 |
05.10.2013 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
05.10.2013 |
07.10.2013 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
07.10.2013 |
13.11.2013 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
13.11.2013 |
26.12.2013 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
26.12.2013 |
31.01.2014 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
31.01.2014 |
17.03.2014 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
17.03.2014 |
18.03.2014 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
18.03.2014 |
10.04.2014 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
10.04.2014 |
23.06.2014 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
23.06.2014 |
04.08.2014 |
HEARING |
|
1200/2013 |
CHIEF JUDGE |
04.08.2014 |
10.09.2014 |
ENQUIRY |
|
1200/2013 |
CHIEF JUDGE |
10.09.2014 |
19.11.2014 |
ENQUIRY |
|
Write Information |
|||
|
Regn. No. |
Appellate Case No. |
Appellate Authority |
Date of Receipt |
|
Case Transfer Details Between the courts |
|||
|
Regn. No. |
Transfer Date |
From Court No and Judge |
To Court No and Judge |
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 |
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
Subject was incorporated in accordance with the provisions of the Companies Act, 2013 ("the Act"). The Company is primarily engaged in civil and engineering construction contracts during the financial year the company has executing construction of ESIC Hospital Buildings and staff quarters at Chennai and also engaged in construction of approach ways and trail pits (WBM) Roads to move inspection vehicles for the purpose of power projects at Arunachal Pradesh, and also executing construction of Mega Hostel building of NIT Campus, NIT, Kettengal, Calicut.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G83921056 |
10419292 |
DHANLAXMI BANK LIMITED |
18/02/2013 |
21/10/2013 |
06/04/2018 |
16250000.0 |
Trendset Towers, Ground Floor, M Door No. 8-2-289/10, Road No:2, Banjara Hills, Hyderabad – 500034, Telangana, India |
|
2 |
B40081598 |
10095994 |
STATE BANK OF INDIA |
19/03/2008 |
- |
24/05/2012 |
55000000.0 |
KATRA BRANCH, KATRAJAMMU – 182301, Jammu and Kashmir |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Bank Guarantees issued on behalf of the Company |
2.835 |
0.000 |
FIXED ASSETS
- Vehicles
- Furniture & Fixtures
- Office Equipments
- EDP Equipments
- Plant & Machinery
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 records 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
|
INR |
|
US Dollar |
1 |
INR 66.01 |
|
|
1 |
INR 92.72 |
|
Euro |
1 |
INR 81.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.