|
|
|
MIRA INFORM REPORT
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Report No. : |
484185 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
K.K.RAO ENGINEERING WORKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. Part of 8, Road No.1, IDA, Nacharam, Hyderabad – 500076,
Telangana |
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Tel. No.: |
91-40-27152618 |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
26.02.1991 |
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|
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Com. Reg. No.: |
36-012381 |
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|
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Capital
Investment / Paid-up Capital : |
INR 49.990 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U31909TG1991PTC012381 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACK9222D |
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GSTIN/UIN : |
Not Divulged |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Servicing of Power and Distribution Transformers.
(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 299000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1991 having
satisfactory track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved fair profit margin at 2.75% (approximately). The company possesses sound financial profile marked by healthy
networth base along with low debt level and favourable gap between trade
payables to its trade receivables. The company also derives strength from its long established track
record of business operation. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct and as per commitments. 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 Rating=(BB) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
30.07.2017 |
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 04.01.2018
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-COPERATIVE (Tel. No.: 91-40-27152618)
LOCATIONS
|
Registered Office : |
Plot No. Part of 8, Road No.1, IDA, Nacharam, Hyderabad – 500076,
Telangana, India |
|
Tel. No.: |
91-40-27152618 |
|
Fax No.: |
91-40-27152495 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Koteswara Rao
Konakanchi |
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|
Designation : |
Managing Director |
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|
Address : |
Plot No. 14, Street No.3, Kakatiyanagar, Habsiguda, Hyderabad – 500007, Telangana, India |
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Date of Appointment : |
26.02.1991 |
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DIN No.: |
00085687 |
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Other Directorship:
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Name : |
Krishnaveni
Konakanchi |
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Designation : |
Director |
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|
Address : |
Plot No. 14, Street No. 3, Kakatiya Nagar, Habsiguda, Hyderabad – 500007, Telangana, India |
||||||||||||
|
Date of Appointment : |
30.09.2014 |
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DIN No.: |
00085803 |
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Other Directorship:
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Name : |
Ms. Jyothi Konakanchi |
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Designation : |
Director |
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Address : |
Plot # 14, Street # 3, Kakatiya Nagar, Habsiguda, Hyderabad – 500007, Telangana, India |
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|
Date of Appointment : |
30.09.2014 |
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DIN No.: |
02043227 |
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Other Directorship:
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Name : |
Konakanchi Rama Krishna |
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Designation : |
Director |
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Address : |
PNo.14, Kakatiyanagar, Street.No.3, Habsiguda, Hyderabad – 500007, Telangana, India |
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Date of Birth/Age : |
08.06.1985 |
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Date of Appointment : |
01.03.2010 |
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DIN No.: |
02871716 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
K. Koteswara Rao |
90000 |
18.00 |
|
K. Kalavathi |
83500 |
16.70 |
|
K. Krishnaveni |
70950 |
14.19 |
|
K. Rama Krishna |
184500 |
36.91 |
|
K. Jyothi |
70950 |
14.20 |
|
Total |
499900 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Servicing of Power and Distribution Transformers.
(Registered Activity) |
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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 : |
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 : |
J B R K and Company Chartered Accountants |
|
Address : |
118, Maruthi Complex, 5th Floor, Raj Bhavan Road, Somajiguda,
Hyderabad – 500082, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFJ4575A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary : |
K.K.Rao Green Energy Private Limited (CIN No.: U40102TG2014PTC095712) |
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|
Associates : |
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CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
499900 |
Equity Shares |
INR 100/- each |
INR 49.990
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
49.990 |
49.990 |
49.990 |
|
(b) Reserves & Surplus |
54.719 |
43.919 |
33.335 |
|
(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) |
104.709 |
93.909 |
83.325 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
16.312 |
18.112 |
6.702 |
|
(b) Deferred tax liabilities (Net) |
1.988 |
2.426 |
3.068 |
|
(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) |
18.300 |
20.538 |
9.770 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
39.796 |
49.451 |
47.918 |
|
(b) Trade
payables |
59.187 |
63.740 |
39.435 |
|
(c) Other current
liabilities |
4.735 |
10.560 |
8.707 |
|
(d) Short-term
provisions |
4.657 |
3.444 |
1.697 |
|
Total Current
Liabilities (4) |
108.375 |
127.195 |
97.757 |
|
|
|
|
|
|
TOTAL |
231.384 |
241.642 |
190.852 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
27.017 |
29.881 |
33.519 |
|
(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 |
0.520 |
0.520 |
0.600 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
3.884 |
5.213 |
5.119 |
|
(e) Other Non-current
assets |
0.643 |
0.643 |
0.643 |
|
Total Non-Current
Assets |
32.064 |
36.257 |
39.881 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
16.471 |
33.781 |
20.031 |
|
(c) Trade
receivables |
125.304 |
88.730 |
49.863 |
|
(d) Cash
and cash equivalents |
25.355 |
64.097 |
14.499 |
|
(e)
Short-term loans and advances |
21.200 |
8.448 |
57.359 |
|
(f) Other
current assets |
10.990 |
10.329 |
9.219 |
|
Total
Current Assets |
199.320 |
205.385 |
150.971 |
|
|
|
|
|
|
TOTAL |
231.384 |
241.642 |
190.852 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
392.796 |
386.940 |
285.924 |
|
|
Other Income |
4.713 |
18.182 |
6.429 |
|
|
TOTAL |
397.509 |
405.122 |
292.353 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed and Direct Manufacturing Expenses |
343.674 |
364.015 |
253.482 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
10.295 |
(5.280) |
1.795 |
|
|
Employees benefits
expense |
3.222 |
2.872 |
2.619 |
|
|
Other expenses |
16.162 |
15.675 |
10.988 |
|
|
TOTAL |
373.353 |
377.282 |
268.884 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
24.156 |
27.840 |
23.469 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.241 |
7.471 |
8.833 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
19.915 |
20.369 |
14.636 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.986 |
3.964 |
3.641 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
16.929 |
16.405 |
10.995 |
|
|
|
|
|
|
|
Less |
TAX |
6.128 |
5.821 |
4.471 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
10.801 |
10.584 |
6.524 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
22.00 |
26.00 |
16.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
ICICI Car Loan for Honda CRV |
0.679 |
0.534 |
0.534 |
|
APSFC Loan A/c No.74894203 |
0.000 |
1.925 |
3.300 |
|
Term Loan from APSFC |
0.000 |
0.766 |
0.766 |
|
Mortgage Loan of INR 20.000 Million from Capital First |
2.228 |
3.443 |
0.000 |
|
Benz Car Loan from HDFC |
0.953 |
1.213 |
1.277 |
|
BMW Car Loan from HDFC |
0.000 |
0.000 |
0.607 |
|
Total |
3.860 |
7.881 |
6.484 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
116.44 |
83.70 |
63.65 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
3.13 |
4.36 |
5.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
62.86 |
63.91 |
56.78 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.47 |
0.82 |
1.17 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.89 |
0.93 |
0.70 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.63 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.57 |
0.80 |
0.73 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.04 |
1.35 |
1.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.26 |
0.32 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.70 |
3.73 |
2.66 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.75 |
2.74 |
2.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.67 |
4.38 |
3.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.32 |
11.27 |
7.83 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.84 |
1.61 |
1.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.69 |
1.35 |
1.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.45 |
0.39 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.20 |
1.51 |
1.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.84 |
1.61 |
1.54 |
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 |
49.990 |
49.990 |
49.990 |
|
Reserves & Surplus |
33.335 |
43.919 |
54.719 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
83.325 |
93.909 |
104.709 |
|
|
|
|
|
|
long-term borrowings |
6.702 |
18.112 |
16.312 |
|
Short term borrowings |
47.918 |
49.451 |
39.796 |
|
Current Maturities of
Long term debt |
6.484 |
7.881 |
3.860 |
|
Total borrowings |
61.104 |
75.444 |
59.968 |
|
Debt/Equity ratio |
0.733 |
0.803 |
0.573 |
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 |
285.924 |
386.940 |
392.796 |
|
|
|
35.330 |
1.513 |
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 |
285.924 |
386.940 |
392.796 |
|
Profit/(Loss) |
6.524 |
10.584 |
10.801 |
|
|
2.28% |
2.74% |
2.75% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
49.990 |
49.990 |
|
(b) Reserves &
Surplus |
|
43.593 |
33.335 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Minority Interest |
|
0.480 |
0.400 |
|
Total Shareholders’ Funds
(1) + (2) |
|
94.063 |
83.725 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
28.623 |
6.701 |
|
(b) Deferred tax liabilities
(Net) |
|
2.426 |
3.069 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
31.049 |
9.770 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
64.943 |
56.331 |
|
(b) Trade payables |
|
219.267 |
40.085 |
|
(c) Other current
liabilities |
|
10.807 |
8.707 |
|
(d) Short-term provisions |
|
3.283 |
1.697 |
|
Total Current Liabilities
(4) |
|
298.300 |
106.820 |
|
|
|
|
|
|
TOTAL |
|
423.412 |
200.315 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
29.881 |
33.519 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
194.020 |
9.856 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.213 |
5.119 |
|
(e) Other Non-current
assets |
|
0.643 |
0.643 |
|
Total Non-Current Assets |
|
229.757 |
49.137 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
33.781 |
20.031 |
|
(c) Trade receivables |
|
76.695 |
49.863 |
|
(d) Cash and cash
equivalents |
|
64.099 |
14.501 |
|
(e) Short-term loans and
advances |
|
8.750 |
57.564 |
|
(f) Other current assets |
|
10.330 |
9.219 |
|
Total Current Assets |
|
193.655 |
151.178 |
|
|
|
|
|
|
TOTAL |
|
423.412 |
200.315 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
386.454 |
285.924 |
|
|
Other Income |
|
18.181 |
6.429 |
|
|
TOTAL |
|
404.635 |
292.353 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed and Direct Manufacturing Expenses |
|
364.015 |
253.482 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(5.281) |
1.795 |
|
|
Employees benefits
expense |
|
2.872 |
2.619 |
|
|
Other expenses |
|
15.675 |
10.988 |
|
|
TOTAL |
|
377.281 |
268.884 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
27.354 |
23.469 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
7.471 |
8.833 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
19.883 |
14.636 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
3.964 |
3.641 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
15.919 |
10.995 |
|
|
|
|
|
|
|
Less |
TAX |
|
5.661 |
4.471 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
10.258 |
6.524 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
21 |
16 |
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 |
Yes |
|
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 |
Yes |
|
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 |
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
During the year, the company has achieved Turnover of INR 392.795
Million as against turnover of INR 386.940 Million in previous year and earned
a net profit of INR 10.800 Million as against INR 10.583 Million in previous
year.
During the year, the company has continued to concentrate on
manufacturing as well as servicing of transformers, the company has recorded
higher turnover than the previous year and the directors are confident of
further improved performance during the current financial year and in future.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loan and Advances from Related Parties |
0.000 |
0.214 |
|
|
|
|
|
Total |
0.000 |
0.214 |
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C81131708 |
10624576 |
17/12/2015 |
- |
- |
155700000.0 |
SME Nacharam BranchBRT Complex, Nacharam Main Road Hyderabad TELANGANA 500076 INDIA |
|
2 |
B45276920 |
10369479 |
05/07/2012 |
- |
- |
5700000.0 |
1-9-194 Chirag Ali Lane Hyderabad TELANGANA 500001 INDIA |
|
3 |
B29926045 |
10329877 |
29/11/2011 |
- |
- |
21500000.0 |
SME NACHARAM BRANCHMAIN ROAD, NACHARAM HYDERABAD TELANGANA 500076 INDIA |
|
4 |
B29927506 |
10329880 |
29/11/2011 |
- |
- |
25000000.0 |
SME NACHARAM BRANCHMAIN ROAD, NACHARAM HYDERABAD TELANGANA 500076 INDIA |
|
5 |
B23081466 |
10311536 |
13/10/2011 |
- |
- |
15000000.0 |
5-9-194, Chirag Ali Lane P.B.No:165 Hyderabad TELANGANA 500001 INDIA |
|
6 |
B20146718 |
10216212 |
03/04/2010 |
15/07/2011 |
- |
136300000.0 |
SME BRANCH NACHARAM HYDERABAD TELANGANA 500076 INDIA |
|
7 |
G50790443 |
10184153 |
14/09/2009 |
29/07/2017 |
- |
285000000.0 |
Andhra Bank, SME Nacharam Branch BRT Enclave, Nacharam Main Road Hyderabad TELANGANA 500076 INDIA |
|
8 |
B23081714 |
10093878 |
18/03/2008 |
- |
17/10/2011 |
13000000.0 |
5-9-194, Chirag Ali Lane Hyderabad TELANGANA 500001 INDIA |
|
9 |
A81460974 |
90260946 |
18/05/1992 |
04/02/2009 |
26/02/2010 |
105000000.0 |
HABSIGUDA BRANCH HABSIGUDA HYDERABAD TELAGANA 500007 INDIA |
|
10 |
A81459992 |
90136899 |
19/03/2005 |
- |
26/02/2010 |
5400000.0 |
HABSIGUDA BRANCH HABSIGUDA HYDERABAD TELANGANA 500007 INDIA |
FIXED ASSETS
- Land
- Industrial Plot
- Building
- Plant and Equipment
- Furniture and Fixtures
- Vehicles (Cars)
- Office Equipment
- Computer
- Factory Shed
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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 63.48 |
|
|
1 |
INR 86.40 |
|
Euro |
1 |
INR 76.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
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.