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|
|
MIRA INFORM REPORT
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Report No. : |
505099 |
|
Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
RITHWIK PROJECTS PRIVATE LIMITED (w.e.f. 18.02.2009) |
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Formerly Known
As : |
RITHWIK PROJECTS LIMITED |
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Registered
Office : |
No. 8-2-268/K/37 and 39, Plot No. 37 and 39, Navodaya Colony, Road No – 2, Banjara Hills, Hyderabad – 500034, Telangana |
|
Tel. No.: |
91-40-4911 3333 / 2355 2555 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
31.03.1999 |
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Com. Reg. No.: |
36-031431 |
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Capital
Investment / Paid-up Capital : |
INR 162.426 Million |
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CIN No.: [Company Identification
No.] |
U45200TG1999PTC031431 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
36AABCR5748L1ZX 37AABCR5748L2ZU |
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TIN No: |
36400291666 37400291666 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCR5748L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company engaged in Civil and Engineering
Construction. (Registered activity and also confirmed by management) |
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No. of Employees
: |
100 (Approximately) |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 8600000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1999. It is a construction and
infrastructure development company. As per the financial of 2017, the company has achieved a massive
growth in its revenue as compared to the previous year’s revenue and has
reported an average net profit margin of 2.57%. The company possesses sound financial position marked by healthy net
worth base along with moderate debt balance sheet profile and sufficient
liquidity position. Business is active. Payment seems to be usually correct. 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 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Loans (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
21.12.2017 |
|
Rating Agency Name |
CARE |
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Rating |
Short Term Loans (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
21.12.2017 |
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 27.04.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. P. Kumar |
|
Designation : |
HR Department |
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Contact No.: |
91-40-491133333 |
|
Date : |
23.04.2018 |
LOCATIONS
|
Registered Office : |
No. 8-2-268/K/37 and 39, Plot No. 37 and 39, Navodaya Colony, Road No – 2, Banjara Hills, Hyderabad – 500034, Telangana, India |
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Tel. No.: |
91-40-4911 3333 / 2355 2555 |
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Fax No.: |
91-40-49113444/ 2355244 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Branch Address: |
No-20, Flat No – 101, Umaskanda Apartments, Eagel Street Lang Ford Town, Bangalore – 560025, Karnataka, India |
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Tel. No.: |
91-80-2210 6633 |
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Fax No.: |
91-80-4094 3224 |
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Projects Address: |
RTPP, Stage IV, 600 MW, Proddatur, Kadapa District, Andhra Pradesh,
India |
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Branches |
Located At:
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DIRECTORS
As on 31.03.2017
|
Name : |
Chintakunta Munnuswamy Rajesh |
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Designation : |
Wholetime Director |
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Address : |
Plot No.1295, Road No.63, Jubilee Hills, Hyderabad-500033, Telangana, India |
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Date of Birth/Age : |
08.04.1976 |
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Qualification : |
B.A |
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Date of Appointment : |
31.03.1999 |
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DIN No: |
00015993 |
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Other Directorship:
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Name : |
Govardhannaidu Naidu Gummalla |
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Designation : |
Wholetime Director |
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Address : |
Flat No 201, F-Block, Fortune Enclave, Road-12, Near SBI, Banjara Hills, Hyderabad- 500034, Telangana, India |
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Date of Birth/Age : |
09.06.1963 |
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Qualification : |
B.TECH |
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Date of Appointment : |
01.07.2012 |
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DIN No: |
00353210 |
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Other Directorship:
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Name : |
Purushotam Kalakala |
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Designation : |
Director |
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Address : |
7-1-646/30.FT301, Srinilayam Sunder Nagar, Beside ESI Hospital, Erragadda, Hyderabad-500018, Telangana, India |
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Date of Birth/Age : |
05.07.1946 |
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Qualification : |
Professional / Post Graduate |
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Date of Appointment : |
30.05.2015 |
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DIN No: |
01540645 |
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Other Directorship:
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Name : |
Jitendra Janardan Danane |
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Designation : |
Nominee Director |
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Address : |
37/502, Seawoods Estate, Palm Beach Road, Nri Complex, Sector 54, 56, 58, Nerul Navi Mumbai-400706, Maharashtra, India |
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Date of Appointment : |
12.02.2015 |
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DIN No: |
07095976 |
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KEY EXECUTIVES
|
Name : |
M. Naga Kishore |
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Designation : |
Company Secretary In Practice |
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Address : |
Flat No.404, Raaga Orchids, Near Vijetha Supermarket, Phase-Vl, Kphb Colony, Hyderabad – 500072, Telangana, India |
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Mob. No: |
91-9948032194 |
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Email: |
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Name : |
Ajaya Babu Nandamuri |
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Designation : |
Company Secretary |
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Address : |
703, E-Block, Vertex Sadguru Krupa, Nizampet Road, Opposite Nagarjuna Homes, Kukatapally Hyderabad-500085, Telangana, India |
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Date of Appointment : |
20.01.2018 |
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PAN No.: |
AAMPN7001N |
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Name : |
Mr. P. Kumar |
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Designation : |
HR Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDER FILES DETAILS ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
60.15 |
|
Promoters (Body corporate) |
7.44 |
|
Promoters (Other than promoters) |
32.41 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
The Company engaged in Civil and Engineering
Construction. (Registered activity and also confirmed by management) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Advance Payment and L/C (RTGS) |
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Purchasing : |
Advance Payment and L/C (RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Government
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Financial Institutions: |
IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17,
R. Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
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Auditors : |
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|
Name : |
P. Murali and Company Chartered Accountants |
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Address : |
Somajiguda, Hyderabad, Telangana, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACFM8783E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
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|
|
|
Jointly controlled
operations |
|
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15530000 |
Equity Shares |
INR 10/- each |
INR 155.300 Million |
|
4470000 |
Redeemable Cumulative Preferences Shares |
INR 10/- each |
INR 44.700 Million |
|
|
Total |
|
INR 200.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12516271 |
Equity Shares |
INR 10/- each |
INR 125.163 Million |
|
3726316 |
Redeemable Cumulative Preferences Shares |
INR 10/- each |
INR 37.263 Million |
|
|
Total |
|
INR 162.426
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 |
162.426 |
162.426 |
155.263 |
|
(b) Reserves and Surplus |
2807.442 |
2458.705 |
2096.729 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
50.750 |
0.000 |
232.788 |
|
Total
Shareholders’ Funds (1) + (2) |
3020.618 |
2621.131 |
2484.780 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4175.956 |
4503.712 |
4657.964 |
|
(b) Deferred tax liabilities (Net) |
41.183 |
29.259 |
26.784 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
22.797 |
17.931 |
20.363 |
|
Total Non-current
Liabilities (3) |
4239.936 |
4550.902 |
4705.111 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1356.669 |
1239.096 |
1443.087 |
|
(b) Trade
payables |
1909.161 |
1437.278 |
1365.014 |
|
(c) Other
current liabilities |
1458.028 |
1157.136 |
1137.589 |
|
(d) Short-term
provisions |
86.834 |
44.460 |
9.994 |
|
Total Current
Liabilities (4) |
4810.692 |
3877.970 |
3955.684 |
|
|
|
|
|
|
TOTAL |
12071.246 |
11050.003 |
11145.575 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
730.943 |
778.242 |
880.184 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.900 |
0.900 |
0.900 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
176.268 |
176.268 |
176.268 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
908.111 |
955.410 |
1057.352 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
157.641 |
157.641 |
157.641 |
|
(b)
Inventories |
4391.592 |
3985.144 |
3566.110 |
|
(c) Trade
receivables |
1482.041 |
1857.308 |
2319.946 |
|
(d) Cash and
bank balances |
355.427 |
368.435 |
194.835 |
|
(e)
Short-term loans and advances |
636.073 |
510.074 |
374.412 |
|
(f) Other
current assets |
4140.361 |
3215.991 |
3475.279 |
|
Total
Current Assets |
11163.135 |
10094.593 |
10088.223 |
|
|
|
|
|
|
TOTAL |
12071.246 |
11050.003 |
11145.575 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
13572.078 |
6313.688 |
5534.927 |
|
|
Other Income |
48.387 |
58.950 |
43.330 |
|
|
TOTAL |
13620.465 |
6372.638 |
5578.257 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
12283.525 |
5247.509 |
4128.472 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(376.718) |
(271.468) |
84.676 |
|
|
Employee benefit expense |
186.972 |
165.103 |
167.853 |
|
|
Other expenses |
146.998 |
92.631 |
99.654 |
|
|
TOTAL |
12240.777 |
5233.775 |
4480.655 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1379.688 |
1138.863 |
1097.602 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
831.696 |
807.961 |
790.933 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
547.992 |
330.902 |
306.669 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
89.587 |
154.303 |
253.581 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
458.405 |
176.599 |
53.088 |
|
|
|
|
|
|
|
Less |
TAX |
109.669 |
40.250 |
(0.651) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
348.736 |
136.349 |
53.739 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
27.86 |
10.89 |
4.55 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1072.614 |
1505.790 |
1071.499 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
974.869 |
1468.015 |
1061.513 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
39.86 |
107.37 |
152.99 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
9.16 |
3.40 |
2.39 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
56.73 |
99.97 |
120.68 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.31 |
0.29 |
0.31 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
1.89 |
1.46 |
1.25 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.74 |
0.76 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.83 |
2.19 |
2.46 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
1.59 |
1.48 |
1.59 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.24 |
0.30 |
0.35 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.66 |
1.41 |
1.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
2.57 |
2.16 |
0.97 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
2.89 |
1.23 |
0.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
11.55 |
5.20 |
2.16 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
2.32 |
2.60 |
2.55 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.41 |
1.58 |
1.65 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.25 |
0.24 |
0.22 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
34.06 |
35.36 |
39.29 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
2.32 |
2.60 |
2.55 |
Total Liability = Short-term
Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
155.263 |
162.426 |
162.426 |
|
Reserves & Surplus |
2096.729 |
2458.705 |
2807.442 |
|
Share Application money
pending allotment |
232.788 |
0.000 |
50.750 |
|
Net
worth |
2484.780 |
2621.131 |
3020.618 |
|
|
|
|
|
|
Long-term borrowings |
4657.964 |
4503.712 |
4175.956 |
|
Short term borrowings |
1443.087 |
1239.096 |
1356.669 |
|
Total
borrowings |
6101.051 |
5742.808 |
5532.625 |
|
Debt/Equity
ratio |
2.455 |
2.191 |
1.832 |
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 |
5534.927 |
6313.688 |
13572.078 |
|
|
|
14.070 |
114.963 |
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 |
5534.927 |
6313.688 |
13572.078 |
|
Profit/ (Loss) |
53.739 |
136.349 |
348.736 |
|
|
0.97
% |
2.16
% |
2.57
% |
LEGAL CASE
NOTE: LEGAL CASE
FILES CASE ATTACHED
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from “8-2-269/S/91/B, R.N.2, Sagar Society, Banjara Hills, Hyderabad,
Telangana, India” to the present address
w.e.f. 21.12.2009.
OPERATIONAL
PERFORMANCE
The company has recorded revenue from operations of INR 13572.078 Million in current financial year against the corresponding amount of INR 6313.688 million for the previous financial year, which result in growth of 114.97%. The company has earned Profit before Interest, Depreciation and Tax of INR 1379.688 million against the corresponding amount of INR 1138.863 million for the previous year. After deducting interest of INR 831.696 million, depreciation of INR 89.587 million and tax expenses INR 109.669 Million including of deferred tax of INR 11.924 million, the Company has earned Net profit of INR 348.737 million against corresponding amount of INR 136.349 million in the previous year.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G83064097 |
100167105 |
Punjab National Bank |
04/04/2018 |
- |
- |
4309100000.0 |
Large Corporate Branch, 8-2-672, Sufi Chambers,Road Bo.1, Banjara Hills,HyderabadTG500034IN |
|
2 |
G84448471 |
100170517 |
Indian Overseas Bank |
28/02/2018 |
- |
- |
776500000.0 |
Surabhi Arcade,Bank Street, KotiHyderabadTG500001IN |
|
3 |
G76631886 |
100153843 |
Andhra Bank |
12/02/2018 |
- |
- |
4630000000.0 |
Sultan Bazar Branch, Koti,HyderabadTG500001IN |
|
4 |
G76506351 |
100155088 |
SREI EQUIPMENT FINANCE LIMITED |
05/01/2018 |
- |
- |
6705000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
5 |
G72690274 |
100144405 |
UCO Bank |
04/01/2018 |
- |
- |
450000000.0 |
Flagship Corporate Branch, 6-3-1108, Ground Floor,Navabharat Chamber, Rajbhavan Road, Somajiguda,HyderabadTG500082IN |
|
6 |
G77096212 |
100156189 |
SREI EQUIPMENT FINANCE LIMITED |
01/01/2018 |
- |
- |
3699240.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
7 |
G75359562 |
100153069 |
SREI EQUIPMENT FINANCE LIMITED |
05/12/2017 |
- |
- |
14562000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
8 |
G77096501 |
100156188 |
SREI EQUIPMENT FINANCE LIMITED |
30/11/2017 |
- |
- |
2585370.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
9 |
G75345868 |
100153059 |
SREI EQUIPMENT FINANCE LIMITED |
30/11/2017 |
- |
- |
21927882.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
10 |
G72372741 |
100145156 |
SREI EQUIPMENT FINANCE LIMITED |
15/11/2017 |
- |
- |
4706153.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Office equipment
- Vehicle
- Computer
Accessories
- 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,
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 66.83 |
|
|
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
YES |
|
--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.