|
|
|
MIRA INFORM REPORT
|
Report No. : |
485693 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MANISHRENI
FERROALLOYS PRIVATE LIMITED (w.e.f. 26.12.2012) |
|
|
|
|
Formerly Known
As : |
MANISHRENI INDUSTRIES PRIVATE LIMITED (w.e.f.
15.12.2011) MANISHRENI FERROALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H.No.1-2-597/26/A,
Lower
Tank, Bund Road, Domalguda,
Hyderabad - 500029, Telangana |
|
Tel. No.: |
91-40-23223092 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.11.2007 |
|
|
|
|
Com. Reg. No.: |
36-056301 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 63.037 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101TG2007PTC056301 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
|
GSTIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM3460Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacture of metallurgical products and other non-ferrous foundries, metals and alloy. (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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Manishreni Ferroalloys Private Limited was incorporated in the year
2007. It is a manufacture of ferro silicon manganese/ ferro alloys. For the financial year 2017, the revenue of the company has increased
by 36.70% but has incurred operational loss. The moderate financial of the company is reflected by negative
networth base along average debt coverage indicators. Payments are reported to be slow and delayed. In view of aforesaid, the company can be considered for business
dealings on fully and secured 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 13.01.2018
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 BY
|
Name : |
Mr. Narapareddy |
|
Designation : |
Commercial Manager |
|
Contact No.: |
91-9246398857 |
|
Date : |
12.01.2018 |
LOCATIONS
|
Registered Office : |
H.No.1-2-597/26/A,
Lower
Tank, Bund Road, Domalguda,
Hyderabad - 500029, Telangana, India |
|
Tel. No.: |
91-40-23223092 |
|
Mobile No.: |
91-9246398857 (Mr. Narapareddy) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Thurupupally Village, Anatharaju Peta Panchayat, Kodur Mandal, Kadapa District – 516101, Andhra Pradesh, India |
|
Tel. No.: |
91-8566-201401 |
|
Fax No.: |
91-8566-201401 |
DIRECTORS
As on 31.03.2017
|
Name : |
Ankireddypalli Bhaskar Reddy |
|||||||||
|
Designation : |
Managing Director |
|||||||||
|
Address : |
Flat No.4, Plot No.42/A, Shanti Nivas Apartment, Road No.12, MLA Colony, Banjarahills, Hyderabad – 500034, Telangana, India |
|||||||||
|
Date of Birth/Age : |
01.06.1962 |
|||||||||
|
Qualification : |
Graduation |
|||||||||
|
Date of Appointment : |
13.11.2007 |
|||||||||
|
DIN No: |
01816996 |
|||||||||
|
|
|
|||||||||
|
Name : |
P. Vijay Gopal Reddy |
|||||||||
|
Designation : |
Director |
|||||||||
|
Address : |
H.No.1-2-597/26/A, Lower Tank Bund Road, Domalguda, Hyderabad – 5000029, Telangana, India |
|||||||||
|
Date of Birth/Age : |
08.09.1961 |
|||||||||
|
Date of Appointment : |
13.11.2007 |
|||||||||
|
DIN No: |
01818268 |
|||||||||
|
Other Directorship:
|
||||||||||
|
|
|
|||||||||
|
Name : |
K. Vijay Reddy |
|||||||||
|
Designation : |
Director |
|||||||||
|
Address : |
H.No.5/57-B, Konduru Village, Pengaluru, Mandal, Kadapa – 516127, Andhra Pradesh, India |
|||||||||
|
Date of Birth/Age : |
05.04.1967 |
|||||||||
|
Date of Appointment : |
24.03.2008 |
|||||||||
|
DIN No: |
02147144 |
|||||||||
|
|
|
|||||||||
|
Name : |
Pancheti Prathap Reddy |
|||||||||
|
Designation : |
Director |
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|
Address : |
No. 5/200, Pengalur Village, Pengalur Mandal, Kadapa – 516127, Andhra Pradesh, India |
|||||||||
|
Date of Birth/Age : |
10.06.1969 |
|||||||||
|
Qualification : |
Graduation |
|||||||||
|
Date of Appointment : |
13.11.2007 |
|||||||||
|
DIN No: |
01841239 |
|||||||||
KEY EXECUTIVES
|
Name : |
Mr. Narapareddy |
|
Designation : |
Commercial Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
A.Bhaskar Reddy |
|
680000 |
|
P. Vijay Gopal Reddy |
|
662500 |
|
K. Vijay Reddy |
|
487500 |
|
P. Prathap Reddy |
|
319000 |
|
P. Annapurna |
|
15000 |
|
A.C. Konda Reddy |
|
296260 |
|
A. Lakshmidevamma |
|
115000 |
|
A.Samatha |
|
281870 |
|
P. Jayasandhya |
|
170000 |
|
P. Sowjanya |
|
160000 |
|
P. Sridhar Reddy |
|
85000 |
|
Y. Srinivas Reddy |
|
25000 |
|
P. Subba Reddy |
|
51000 |
|
YRK Reddy |
|
210000 |
|
P. Haripriya |
|
92500 |
|
P. Janardhan Reddy |
|
35000 |
|
P. Sudati |
|
345000 |
|
K. Ajay |
|
250000 |
|
K. Bhudevi |
|
100000 |
|
A. Harini Reddy |
|
1111152 |
|
P. Bhuvan Kumar Reddy |
|
100000 |
|
Kumara Swamy Reddy |
|
640000 |
|
Sreedevi Reddy G. |
|
71870 |
|
Total |
|
6303652 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
34.09 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
65.91 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacture of metallurgical products and other non-ferrous foundries, metals and alloy. (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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||||
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Exports : |
Not Divulged |
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|
||||
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Imports : |
Not Divulged |
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|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
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Facilities : |
|
|
Financial Institutions: |
Andhra Pradesh State Financial Corporation, No. 5-9-194, Chirag-Ali Lane, Hyderabad - 500001, Telangana, India |
|
|
|
|
Auditors : |
|
|
Name : |
Y. Ramana Reddy and Company Chartered Accountants |
|
Address : |
11-12, Opposite More Super Market, Saibaba Temple Lane, P and T Colony, Dilsukhnagar, Hyderabad-500060, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFY5619B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
INR 10/- each |
INR 65.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6303652 |
Equity Shares |
INR 10/- each |
INR 63.037 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 |
63.037 |
63.037 |
63.037 |
|
(b) Reserves and Surplus |
(85.990) |
(63.783) |
(34.037) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
7.450 |
1.050 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
(15.503) |
0.304 |
29.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
29.000 |
45.732 |
79.605 |
|
(b) Deferred tax liabilities (Net) |
5.590 |
5.760 |
5.797 |
|
(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) |
34.590 |
51.492 |
85.402 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
38.495 |
41.285 |
37.049 |
|
(b) Trade
payables |
49.050 |
24.566 |
17.830 |
|
(c) Other
current liabilities |
19.779 |
50.769 |
17.457 |
|
(d) Short-term
provisions |
0.115 |
0.040 |
0.091 |
|
Total Current
Liabilities (4) |
107.439 |
116.660 |
72.427 |
|
|
|
|
|
|
TOTAL |
126.526 |
168.456 |
186.829 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
59.423 |
66.195 |
73.571 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
23.931 |
23.931 |
19.482 |
|
(e) Other
Non-current assets |
2.633 |
2.323 |
3.133 |
|
Total Non-Current
Assets |
85.987 |
92.449 |
96.186 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
27.350 |
26.527 |
34.359 |
|
(c) Trade
receivables |
10.163 |
3.699 |
9.745 |
|
(d) Cash and
bank balances |
0.546 |
0.171 |
0.674 |
|
(e) Short-term
loans and advances |
0.564 |
0.572 |
0.333 |
|
(f) Other
current assets |
1.916 |
45.038 |
45.532 |
|
Total
Current Assets |
40.539 |
76.007 |
90.643 |
|
|
|
|
|
|
TOTAL |
126.526 |
168.456 |
186.829 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
331.239 |
242.305 |
406.295 |
|
|
Other Income |
1.826 |
2.255 |
2.043 |
|
|
TOTAL |
333.065 |
244.560 |
408.338 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
125.428 |
95.871 |
167.181 |
|
|
Employee benefit expense |
4.359 |
3.839 |
4.100 |
|
|
Other expenses |
209.090 |
155.646 |
228.713 |
|
|
TOTAL |
338.877 |
255.356 |
399.994 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(5.812) |
(10.796) |
8.344 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.762 |
11.563 |
13.573 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(15.574) |
(22.359) |
(5.229) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.803 |
7.423 |
7.741 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(22.377) |
(29.782) |
(12.970) |
|
|
|
|
|
|
|
Less |
TAX |
(0.170) |
(0.036) |
0.256 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(22.207) |
(29.746) |
(13.226) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(3.523) |
(4.719) |
(2.098) |
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 |
(22.377) |
(29.782) |
(12.970) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(22.377) |
(29.782) |
(12.970) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
11.20 |
5.57 |
8.75 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
32.59 |
65.51 |
41.69 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
142.74 |
93.53 |
38.93 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
(0.21) |
(0.41) |
0.24 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
(0.10) |
(0.16) |
0.11 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
1.08 |
0.96 |
0.81 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
(4.35) |
286.23 |
4.02 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
(6.93) |
383.76 |
2.50 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
(3.83) |
217.75 |
2.54 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
(0.60) |
(0.93) |
0.61 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
(6.70) |
(12.28) |
(3.26) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
(17.55) |
(17.66) |
(7.08) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
143.24 |
(9784.87) |
(45.61) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
0.38 |
0.65 |
1.25 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.12 |
0.42 |
0.78 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
(0.12) |
0.00 |
0.16 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
1.07 |
1.38 |
1.85 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.38 |
0.65 |
1.25 |
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 |
63.037 |
63.037 |
63.037 |
|
Reserves & Surplus |
(34.037) |
(63.783) |
(85.990) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
1.050 |
7.450 |
|
Net worth |
29.000 |
0.304 |
(15.503) |
|
|
|
|
|
|
Long-term borrowings |
79.605 |
45.732 |
29.000 |
|
Short term borrowings |
37.049 |
41.285 |
38.495 |
|
Total
borrowings |
116.654 |
87.017 |
67.495 |
|
Debt/Equity
ratio |
4.023 |
286.240 |
(4.354) |
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 |
406.295 |
242.305 |
331.239 |
|
|
|
(40.362) |
36.703 |
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 |
406.295 |
242.305 |
331.239 |
|
Profit/ (Loss) |
(13.226) |
(29.746) |
(22.207) |
|
|
(3.26
%) |
(12.28
%) |
(6.70
%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
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 |
REVIEW OF OPERATIONS:
The Company’s Turnover is increased to INR 333.065 million in current financial year, when compared to last financial year INR 244.560 million despite the fact that the company had remained closed in April. The company has incurred a net loss of INR 22.377 million during the current financial year against a loss of INR 29.782 million previous financial year.
The dismal market position continued in the year 2015-16 also as Imports of finished Steel from China, Russia and other FTA nations like Japan, South Korea etc. continued unabated leading to slackness in the Ferroalloy market because of reduced demand. All the more in case of ferrosilicon which is being produced by the company while some Imports into the country are continuing, most of the export markets have been taken over by new production centers in Gulf region and Malaysia in view of the cheaper Power prices. In view of the above difficult conditions, the Ferro Alloy Producers’ Association brought the concerns of the Industry to the notice of the State Government which has finally provided a Power Subsidy of INR 1.50/Unit to bale out the sector. The Company received a total subsidy amount of INR 57.16 million million which was very critical to the financial performance.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposits |
3.400 |
3.400 |
|
Total |
3.400 |
3.400 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B90104068 |
10238519 |
ANDHRA BANK |
07/06/2010 |
30/09/2013 |
- |
102541000.0 |
Vidyanagar Branch, Main Road, Nallakunta, Hyderabad - 500044, Telangana, India |
|
2 |
A90341041 |
10124423 |
ANDHRA PRADESH STATE FINANCIAL CORPORATION |
10/10/2008 |
20/10/2008 |
08/07/2010 |
97000000.0 |
No. 5-9-194, Chirag-Ali Lane, Hyderabad - 500001, Telangana, India |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- 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 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 63.53 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVD |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.