|
|
|
MIRA
INFORM REPORT
|
Report No. : |
490222 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SRI GOPIKRISHNA INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H. No. 30/B (8-3-191/161), Vengalrao Nagar, Hyderabad - 500038,
Telangana |
|
Tel. No.: |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.09.2007 |
|
|
|
|
Com. Reg. No.: |
36-055693 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 82.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400TG2007PTC055693 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
GST No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Supply, Erection and Commissioning of Infrastructure Projects for Distribution of Power. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Gopi Krishna Infrastructure Private Limited was incorporated in the year 2007. It is engaged in Construction Activities. The subject's customer includes, Airtel, KEC International Limited and ICSA India Limited etc. For the financial year 2017, the revenue of the company has increased by 3.42% along with average profit margin of 4.82%. The sound financial profile of the company is marked by healthy networth base along with negligible debt level. Rating takes into consideration equity infused by its promoters. The company has decent earning per share (EPS) of INR 30.38 against the face value (FV) of INR 10. However, rating strengths are partially offset by the company's large working capital requirements and its exposure to risks related to tender based nature of operations and unfavourable gap between trade payables and trade receivables. Business is active. Payments seem 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
CRISIL |
|
Rating |
Long term = A- |
|
Rating Explanation |
Adequate degree of safety |
|
Date |
07.11.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
07.11.2017 |
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
31-03-2016.
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 07.02.2018.
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 DECLINED
MANAGEMENT NON-CO-OPERATIVE [TEL. NO. 91-40-44654444]
[91-361-2264226/ 3774-294383] Not working
LOCATIONS
|
Registered/Corporate Office : |
H. No. 30/B (8-3-191/161), Vengalrao Nagar, Hyderabad - 500038,
Telangana, India |
|
Tel. No.: |
91-40-44654444 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1: |
Survey No.241/4, 402, 241/3, Piparbhattha Village, Mohtara Post, Jan
Panchayat Bemetara, Durg - 491335, Chhattisgarh, India |
|
|
|
|
Factory 2: |
Village Bogorijang, P.O. Pulibor, Near District Jail, Golagaht - 785621, Assam, India |
|
|
|
|
Regional Office 1: |
Flat No:104, 1st Floor, Block No: 16, Ashok Ratna, Khamardhin Road, Shankar Nagar, Raipur - 492001, Chhattisgarh, India |
|
Tel. No.: |
91-771-2284471 |
|
|
|
|
Regional Office 2: |
House No. 53, Ground Floor, Sapta Swahid Path, Nandan Nagar, Dispur, Guwahati-781006, Assam, India |
|
|
|
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mrs. Neelima Kanumuri |
|
Designation : |
Whole-time Director |
|
Address : |
8-3-191/162, 30/B, Vengal Rao Nagar, Erragadda, Hyderabad - 500038, Telangana, India |
|
Date of birth: |
30.08.1982 |
|
Qualification: |
B. Tech |
|
Date of Appointment : |
27.09.2007 |
|
DIN No.: |
01748578 |
|
PAN No.: |
AJBPK0491P |
|
|
|
|
Name : |
Mr. Vijay Kumar Raju Kanumuru |
|
Designation : |
Wholetime Director |
|
Address : |
8-3-191/162, 30/B, Vengal Rao Nagar, Sr Nagar, Hyderabad - 500038, Telangana, India |
|
Date of birth: |
06.02.1981 |
|
Qualification: |
B.Tech |
|
Date of Appointment : |
27.09.2007 |
|
DIN No.: |
01748623 |
|
PAN No.: |
AGOPK6918R |
|
|
|
|
Name : |
Mr. Kanumuru Gopalaraju |
|
Designation : |
Managing Director |
|
Address : |
30/B, Vengalrao Nagar, Hyderabad - 500038, Andhra Pradesh, India |
|
Date of birth: |
18.04.1955 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
01822843 |
|
PAN No.: |
ACYPG8404E |
|
|
|
|
Name : |
Mrs. Kanumuri Venkata Narasimha Soma Raju |
|
Designation : |
Wholetime Director |
|
Address : |
Hno 30-B, Vengal Rao Nagar, Hyderabad - 500038, Andhra Pradesh, India |
|
Date of birth: |
27.02.1975 |
|
Qualification: |
B. Tech |
|
Date of Appointment : |
05.10.2010 |
|
DIN No.: |
01822974 |
|
PAN No.: |
ABIPV6712D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Neelima Kanumuri |
1445762 |
17.63 |
|
Vijay Kumar Raju Kanumuru |
1409887 |
17.19 |
|
K Gopala Raju |
2457438 |
29.97 |
|
K Ramakrishnam Raju |
415125 |
5.06 |
|
K V N Soma Raju |
2010538 |
24.52 |
|
Kanumuri Krishna Kumari |
266500 |
3.25 |
|
K V V Narsimha Raju |
41000 |
0.50 |
|
S Vijaya Laxmi |
153750 |
1.88 |
|
Total |
8200000 |
100.00 |
AS ON: 04.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
34.82 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
65.18 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Supply, Erection and Commissioning of Infrastructure Projects for Distribution of Power. [Registered Activity] |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Available |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)(
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
· Nagarjuna Construction Co. Limited · ICSA (India) Limited · Chattisgarh State Electricity Board · KEC International Limited · Universal Cables Limited · Assam State Electricity Board · Airtel · MSEDCL, Maharashtra · GESCOM, Gulbarga · APSPDCL, Andhra Pradesh · JSEB, Jharkhand · DHBVN, Haryana |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Andhra Bank Somajiguda Branch, 6-3-352/2, Astral Heights, Road No 1 Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
P.R. Datla and Company Chartered Accountants |
|
Address : |
6-3-788/A/9, First Floor, Durga Nagar, Colony, Ameerpet, Hyderabad, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFP7077R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their relatives: |
Sri Gopikrishna Power Tech |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
INR 10/- each |
INR 110.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8200000 |
Equity Shares |
INR 10/- each |
INR 82.000 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 |
82.000 |
80.000 |
55.000 |
|
(b) Reserves and Surplus |
1001.012 |
734.981 |
507.951 |
|
(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) |
1083.012 |
814.981 |
562.951 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
8.060 |
34.622 |
71.863 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
20.000 |
20.000 |
0.000 |
|
(d) long-term provisions |
9.465 |
4.839 |
3.188 |
|
Total Non-current
Liabilities (3) |
37.525 |
59.461 |
75.051 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
117.141 |
354.711 |
159.354 |
|
(b) Trade
payables |
2232.961 |
1640.950 |
736.567 |
|
(c) Other
current liabilities |
521.206 |
238.166 |
509.290 |
|
(d) Short-term
provisions |
146.431 |
132.758 |
63.701 |
|
Total Current
Liabilities (4) |
3017.739 |
2366.585 |
1468.912 |
|
|
|
|
|
|
TOTAL |
4138.276 |
3241.027 |
2106.914 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
123.644 |
86.358 |
89.980 |
|
(ii)
Intangible Assets |
0.228 |
0.083 |
0.029 |
|
(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 |
0.000 |
0.000 |
0.500 |
|
(c) Deferred tax assets (net) |
7.128 |
3.675 |
0.218 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
131.000 |
90.116 |
90.727 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
208.028 |
90.105 |
83.298 |
|
(c) Trade
receivables |
3167.716 |
2564.122 |
1495.264 |
|
(d) Cash and
bank balances |
363.385 |
246.770 |
214.008 |
|
(e)
Short-term loans and advances |
147.639 |
119.656 |
120.607 |
|
(f) Other
current assets |
120.508 |
130.258 |
103.010 |
|
Total
Current Assets |
4007.276 |
3150.911 |
2016.187 |
|
|
|
|
|
|
TOTAL |
4138.276 |
3241.027 |
2106.914 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
5038.018 |
4871.339 |
2563.561 |
|
|
Other Income |
20.966 |
22.408 |
16.841 |
|
|
TOTAL |
5058.984 |
4893.747 |
2580.402 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3519.890 |
3364.446 |
1911.746 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(67.271) |
0.202 |
(68.306) |
|
|
Employee benefit expense |
235.205 |
186.305 |
136.577 |
|
|
CSR expenditure |
0.915 |
2.109 |
0.000 |
|
|
Other expenses |
778.735 |
794.931 |
306.347 |
|
|
TOTAL |
4467.474 |
4347.993 |
2286.364 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
591.510 |
545.754 |
294.038 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
179.974 |
168.326 |
93.803 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
411.536 |
377.428 |
200.235 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.709 |
16.585 |
16.011 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
393.827 |
360.843 |
184.224 |
|
|
|
|
|
|
|
Less |
TAX |
150.797 |
133.812 |
65.099 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
243.030 |
227.031 |
119.125 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
30.38 |
41.18 |
21.66 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
9.432 |
5.164 |
7.562 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
275.696 |
242.391 |
78.182 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
121.446 |
105.122 |
9.879 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
229.50 |
192.12 |
212.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.59 |
1.90 |
1.71 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
231.55 |
178.02 |
140.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.84 |
6.06 |
3.53 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
4.78 |
6.31 |
3.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.74 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.12 |
0.48 |
0.42 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.79 |
2.90 |
2.61 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.11 |
0.11 |
0.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.29 |
3.24 |
3.13 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.82 |
4.66 |
4.65 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.87 |
7.00 |
5.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.44 |
27.86 |
21.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.33 |
1.33 |
1.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.26 |
1.29 |
1.32 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.25 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.64 |
4.93 |
4.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.33 |
1.37 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
55.000 |
80.000 |
82.000 |
|
Reserves & Surplus |
507.951 |
734.981 |
1001.012 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
562.951 |
814.981 |
1083.012 |
|
|
|
|
|
|
Long-term borrowings |
71.863 |
34.622 |
8.060 |
|
Short term borrowings |
159.354 |
354.711 |
117.141 |
|
Current maturities of
long-term debts |
7.562 |
5.164 |
9.432 |
|
Total
borrowings |
238.779 |
394.497 |
134.633 |
|
Debt/Equity
ratio |
0.424 |
0.484 |
0.124 |
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 |
2563.561 |
4871.339 |
5038.018 |
|
|
|
90.022 |
3.422 |
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 |
2563.561 |
4871.339 |
5038.018 |
|
Profit/ (Loss) |
119.125 |
227.031 |
243.030 |
|
|
4.65
% |
4.66
% |
4.82
% |
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 |
Yes |
|
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 |
Yes |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C72055973 |
10605948 |
AXIS BANK LIMITED |
16/10/2015 |
- |
- |
2628000.0 |
5-2-183/184,ASC
CENTRE, III FLOORR.P ROADHYDERABADAP500003IN |
|
2 |
C44084317 |
10550104 |
AXIS BANK LIMITED |
04/02/2015 |
- |
- |
3117000.0 |
5-2-183/184,ASC
CENTRE, III FLOORRP ROADHYDERABADTG500003IN |
|
3 |
C47418645 |
10556372 |
AXIS BANK LIMITED |
24/01/2015 |
- |
- |
3600000.0 |
5-2-183/184,ASC
CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
4 |
G70554985 |
10420689 |
ANDHRA BANK |
25/03/2013 |
06/12/2017 |
- |
5900000000.0 |
SOMAJIGUDA BRANCH,
6-3-352/2, ASTRAL HEIGHTS,ROAD NO 1 BANJARA HILLS,HYDERABADAP534201IN |
|
5 |
G59689190 |
10583456 |
ANDHRA BANK |
06/07/2015 |
- |
01/11/2017 |
790000000.0 |
6-3-352/2, UPPER
GROUND FLOOR,ASTRAL HEIGHTS, ROAD NO 1, SOMAJUGUDAHYDERABADTG500034IN |
|
6 |
G52895240 |
10246144 |
IDBI BANK LIMITED |
28/09/2010 |
- |
11/09/2017 |
96100000.0 |
IDBI TOWERWTC
COMPLEXCUFFE PARADEMUMBAIMH400005IN |
|
7 |
G30759716 |
10546249 |
ANDHRA BANK |
21/01/2015 |
- |
22/12/2016 |
1500000000.0 |
SOMAJIGUDA BRANCH,
6-3-352/2, ASTRAL HEIGHTS,ROAD NO 1 BANJARA HILLS,HYDERABADTG500034IN |
|
8 |
G08663809 |
10540501 |
ANDHRA BANK |
10/10/2014 |
- |
20/07/2016 |
360000000.0 |
SOMAJIGUDA BRANCH,
6-3-352/2, ASTRAL HEIGHTS,ROAD NO 1 BANJARA HILLS,HYDERABADTG500034IN |
|
9 |
G01823103 |
10587280 |
ANDHRA BANK |
19/08/2015 |
- |
22/04/2016 |
45100000.0 |
6-3-352/2, UPPER
GROUND FLOORASTRAL HEIGHTS, ROAD NO 1,SOMAJUGUDATG500034IN |
|
10 |
B95505202 |
10169251 |
UNION BANK OF INDIA |
31/07/2009 |
15/12/2012 |
28/01/2014 |
200000000.0 |
ROAD NO.4, BANJARA
HILLS BRANCH,HYDERABADAP500034IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
0.000 |
30.199 |
|
|
|
|
|
Total |
0.000 |
30.199 |
CORPORATE INFORMATION:
The company is a private limited company and incorporated under the provisions of the Companies Act, 1956. The company is primarily engaged in the business of supply, erection & commissioning of infrastructure projects for distribution of power. The Company portfolio encompasses roads, buildings, irrigation and earth works in diverse markets catering to public, private and government establishments across the country.
OPERATIONS:
The Company has recorded marginal growth of 3.42% during the year by achieving a turnover of INR 5038.018 million as compared to turnover of IR 4871.339 million in previous year. During the year, the Company has achieved net profit of INR 243.031 million as compared to INR 227.030 million in previous year.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipment’s
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 64.27 |
|
UK Pound |
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.52 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
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 |
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.