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MIRA INFORM REPORT
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Report No. : |
484137 |
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Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
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Name : |
KANYAKA PARAMESHWARI ENGINEERING LIMITED |
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Formerly known
as: |
KANYAKA PARAMESHWARI ENGINEERING PRIVATE LIMITED |
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Registered
Office : |
Flat No 321,Manjeera Majestic Commercial, JNTU, Hi-Tech City Road, KPHB, Hyderabad-500072, Telangana |
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Tel. No.: |
91-40-65795380 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
07.02.1983 |
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Com. Reg. No.: |
36-003795 |
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Capital
Investment / Paid-up Capital : |
INR 15.000 Million |
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CIN No.: [Company Identification
No.] |
U74210TG1983PLC003795 |
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IEC No.: |
Not Applicable (As informed by the management that firm does not have export and import) |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK8360N |
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GST No.: |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
·
Manufacturer of Conventional Transformers, Distribution
Transformers, Single Phase Transformers. [Confirmed by Management] ·
Manufacturing and Selling of Distribution
Transformers, Electrical Turnkey Contractors for Transmission Lines and
Sub-Station, etc. [Registered activity] |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 737400 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Kanayaka Parameshwari Engineering Limited was incorporated in the year 1983. It is a manufacturer of Conventional Transformer, Distribution Transformer and Single Phase Transformer. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain average profit margin of 5.26%. The sound financial profit of the company is marked by adequate networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business dealing 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 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long Term Bank Facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
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Date |
03.11.2017 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Bank Facilities = A3+ |
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Rating Explanation |
Moderate degree of safety and higher credit risk |
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Date |
03.11.2017 |
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 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 PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Srinivas |
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Designation : |
Accounts Manager |
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Contact No.: |
91-40-65795380 |
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Date : |
03.01.2018 |
LOCATIONS
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Registered Office : |
Flat No 321,Manjeera Majestic Commercial, JNTU, Hi-Tech City Road, KPHB, Hyderabad-500072, Telangana, India |
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Tel. No.: |
91-40-65795380/ 67231920/ 67231930 |
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Mobile No.: |
91-9848011212 [Mr. Srinivas] |
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Fax No.: |
91-40-40123113 |
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E-Mail : |
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Website : |
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Factory: |
Survey No. 773, Opposite Ganesh Mandir, Rurdraram, Tq. Ranga Reddy, Medak District, Telangana, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Gampa Ashok Kumar |
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Designation : |
Director |
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Address : |
6-3-712/127, Bansilal Bag, Coly Punjagutta, Hyderabad-500004, Andhra Pradesh, India |
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Date of Appointment : |
07.02.1983 |
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DIN No.: |
01669123 |
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Name : |
Mr. Lakshmikanth Gampa |
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Designation : |
Director |
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Address : |
6-3-712/127, Panjagutta Colony, Hyderabad-500013, Andhra Pradesh, India |
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Date of Appointment : |
01.02.2012 |
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DIN No.: |
01858082 |
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Name : |
Mr. Santosh Kumar Gampa |
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Designation : |
Director |
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Address : |
6-3-712/127, Panjagutta Colony, Hyderabad-500013, Andhra Pradesh, India |
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Date of Appointment : |
10.02.2002 |
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DIN No.: |
01858105 |
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Name : |
Mr. Rajeshwar Rao Gampa |
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Designation : |
Managing Director |
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Address : |
6-3-712/127 Bansilal Colony, Panjagutta, Hyderabad-500082, Andhra Pradesh, India |
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Date of Appointment : |
07.02.1983 |
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DIN No.: |
02554028 |
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Name : |
Mr. Amarpal Gampa |
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Designation : |
Wholetime Director |
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Address : |
Villa No-43, Splendid Aparna Palm Meadows Kompally, KV Ranga Reddy, Hyderabad-500014, Telangana, India |
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Date of Appointment : |
02.06.2003 |
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DIN No.: |
02614332 |
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Name : |
Mr. Trishlla Devi Gampa |
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Designation : |
Director |
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Address : |
H-No-4-8-757, Gowliguda, Afzalgunj, Hyderabad-500012, Telangana, India |
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Date of Appointment : |
02.04.2015 |
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DIN No.: |
07155875 |
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Name : |
Nagavalli Krishna Kumar Gampa |
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Designation : |
Director |
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Address : |
6-3-712/127, Panjagutta Colony Panjagutta, Hyderabad-500082, Telangana, India |
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Date of Appointment : |
22.04.2015 |
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DIN No.: |
07155881 |
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Name : |
Mr. Gampa Janaki |
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Designation : |
Director |
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Address : |
6-3-712/127, Panjagutta Colony Panjagutta, Hyderabad-500082, Telangana, India |
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Date of Appointment : |
22.04.2015 |
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DIN No.: |
07164023 |
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KEY EXECUTIVES
|
Name : |
Mr. Srinivas |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Promoters – Individual/ Hindu Undivided Family – Indian |
57.99 |
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Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
42.01 |
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|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturer of Conventional Transformers,
Distribution Transformers, Single Phase Transformers. [Confirmed by
Management] ·
Manufacturing and Selling of Distribution
Transformers, Electrical Turnkey Contractors for Transmission Lines and
Sub-Station, etc. [Registered activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS: (AS ON: 31.03.2017)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Electrical
Distribution Transformers |
Nos. |
24000 Nos. (2 shifts) |
20000 Nos. (2 shifts) |
11622 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and Manufacturers
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Financial Institution : |
· Andhra Pradesh State Financial Corporation Chirag Ali Lane, Hyderabad, Andhra Pradesh, India |
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Auditors : |
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Name : |
Ramakrishna and Associates Chartered Accountants |
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Address : |
Plot No. 15-A, MLA Colony, Road No. 10C Jubilee Hills,
Hyderabad-500033, Telangana, India |
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Mobile No.: |
91-9346296329 |
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Email : |
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PAN No.: |
ACIPM5578P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Company in which Directors
are interested : |
Kanyaka Electricals and Engineering Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
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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 |
15.000 |
15.000 |
15.000 |
|
(b) Reserves & Surplus |
243.122 |
208.355 |
139.862 |
|
(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) |
258.122 |
223.355 |
154.862 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
106.697 |
72.961 |
95.630 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.691 |
0.348 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.597 |
1.437 |
0.427 |
|
Total
Non-current Liabilities (3) |
107.294 |
75.089 |
96.405 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
17.784 |
18.375 |
12.794 |
|
(c)
Other current liabilities |
100.508 |
93.818 |
16.800 |
|
(d)
Short-term provisions |
0.012 |
0.011 |
0.012 |
|
Total
Current Liabilities (4) |
118.304 |
112.204 |
29.606 |
|
|
|
|
|
|
TOTAL |
483.720 |
410.648 |
280.873 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
23.847 |
16.630 |
13.402 |
|
(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 |
1.905 |
1.905 |
1.905 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
80.131 |
63.442 |
60.436 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
105.883 |
81.977 |
75.743 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
68.276 |
68.241 |
37.987 |
|
(c)
Trade receivables |
209.868 |
253.249 |
155.194 |
|
(d)
Cash and cash equivalents |
80.677 |
0.067 |
0.299 |
|
(e)
Short-term loans and advances |
19.016 |
7.114 |
11.650 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
377.837 |
328.671 |
205.130 |
|
|
|
|
|
|
TOTAL |
483.720 |
410.648 |
280.873 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
763.927 |
889.239 |
741.818 |
|
|
|
Other Income |
12.839 |
8.882 |
3.691 |
|
|
|
TOTAL |
776.766 |
898.121 |
745.509 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
554.510 |
665.147 |
556.170 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
14.111 |
(25.546) |
20.050 |
|
|
|
Employees benefits expense |
27.934 |
26.728 |
25.151 |
|
|
|
Other expenses |
90.126 |
96.073 |
37.661 |
|
|
|
Exceptional Items |
(4.422) |
(0.146) |
0.000 |
|
|
|
TOTAL |
682.259 |
762.256 |
639.032 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
94.507 |
135.865 |
106.477 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.766 |
17.546 |
27.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
63.741 |
118.319 |
79.174 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.666 |
2.211 |
4.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
60.075 |
116.108 |
75.066 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
19.892 |
42.199 |
39.695 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
40.183 |
73.909 |
35.371 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
17.263 |
0.000 |
51.728 |
|
|
TOTAL IMPORTS |
17.263 |
0.000 |
51.728 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
26.79 |
49.27 |
23.58 |
|
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 from operating activities
|
75.976 |
(34.525) |
52.666 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
100.27 |
103.95 |
76.36 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.64 |
3.51 |
4.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
11.71 |
10.08 |
8.40 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.38 |
1.99 |
2.80 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.96 |
8.17 |
7.94 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.47 |
0.45 |
0.45 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.41 |
0.33 |
0.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.46 |
0.50 |
0.19 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.07 |
0.09 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.07 |
7.74 |
3.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.26 |
8.31 |
4.77 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.31 |
18.00 |
12.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.57 |
33.09 |
22.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.19 |
2.93 |
6.93 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.62 |
2.32 |
5.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.53 |
0.54 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.11 |
4.86 |
6.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.19 |
2.93 |
6.93 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
139.862 |
208.355 |
243.122 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
154.862 |
223.355 |
258.122 |
|
|
|
|
|
|
long-term borrowings |
95.630 |
72.961 |
106.697 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
95.630 |
72.961 |
106.697 |
|
Debt/Equity
ratio |
0.618 |
0.327 |
0.413 |
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 |
741.818 |
889.239 |
763.927 |
|
|
|
19.873 |
(14.092) |
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 |
741.818 |
889.239 |
763.927 |
|
Profit/ (Loss) |
35.371 |
73.909 |
40.183 |
|
|
4.77% |
8.31% |
5.26% |
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 |
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 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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G41556218 |
10228279 |
CANARA BANK |
26/05/2010 |
03/08/2016 |
- |
390000000.0 |
BALANAGAR BRANCH, 6-3-144JAHANARA KAREEM COMPLEX,BALANAGARHYDERABADTG500042IN |
|
2 |
B33007709 |
90138577 |
ANDHRA PRADESH STATE FINANCIAL CORPORATION |
04/07/1983 |
- |
18/02/2012 |
3000000.0 |
CHIRAG ALI LANEHYDERABADAPIN |
|
3 |
B27617000 |
90140365 |
STATE BANK OF INDIA |
07/03/1990 |
06/09/1991 |
13/12/2011 |
13000000.0 |
INDUSTRIAL FINANCE BRANCHSOMAJIGUDAHYDERABADAP500482IN |
|
4 |
B27617497 |
90138679 |
STATE BANK OF INDIA |
07/03/1990 |
19/08/1992 |
13/12/2011 |
13000000.0 |
INDUSTRIAL FINANCE BRANCHSOMAJIGUDAHYDERABADAPIN |
|
5 |
B27617356 |
90137231 |
STATE BANK OF INDIA |
07/03/1990 |
19/12/1990 |
13/12/2011 |
13000000.0 |
INDUSTRIAL FINANCE BRANCHRAJBHAVAN ROADHYDERABADAPIN |
|
6 |
A89392732 |
90138473 |
STATE BANK OF INDIA |
03/01/2004 |
16/04/2007 |
12/07/2010 |
210000000.0 |
INDUSTRIAL FINANCE BRANCH,RAJBHAVAN ROAD, SOMAJIGUDA,HYDERABADAP500082IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Interest Frees Sales Tax loan |
23.435 |
27.111 |
|
Loans and advances from related parties |
83.262 |
45.850 |
|
|
|
|
|
Total |
106.697 |
72.961 |
BRIEF DESCRIPTION OF THE FINANCIAL SUMMARY
OF THE COMPANY:
During the year, the company achieved the total turnover of INR 776.766 Million for the FY 2016-17 as against the total turnover of INR 898.121 million for the previous FY 2015-16 and the Company has achieved the net profit of INR 40.183 Million in the FY2016-17as against the net profit of INR 73.909 million in the FY 2015-16.
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Tools and Dies
· Computer
· Office Equipment
· Furniture and Fixtures
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.48 |
|
UK Pound |
1 |
INR 86.41 |
|
Euro |
1 |
INR 76.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
RUP |
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.