|
|
|
MIRA INFORM REPORT
|
Report No. : |
495402 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUGNA METALS LIMITED (w.e.f. 23.07.2013) |
|
|
|
|
Formerly Known
As : |
SUGNA METALS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
1-8-673, IDA, Azamabad, Hyderabad-500020, Telangana |
|
Tel. No.: |
91-40-27664502 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.10.2006 |
|
|
|
|
Com. Reg. No.: |
36-051360 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 115.655 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109TG2006PLC051360 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0907013708 |
|
|
|
|
GSTIN : [Goods & Service Tax Registration No.] |
36AALCS0546B1ZL |
|
|
|
|
TIN No.: |
36247457514 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS0546B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of TMT Bars. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
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 1440000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in October 2006 and it is having satisfactory
track records. For the financial year 2017, the company has registered decrease in
its revenue from operation but maintained minimal profitability margin of
0.95%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and average debt balance sheet. However, rating strength is partially offset by highly fragmented and
cyclical nature of the steel industry with presence of large number of small
players, intense competition and the susceptibility of company’s margins to
volatility in the raw material. Trade relation are reported as fair. Business is active. Payments are
seems to be usually correct. 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
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 07.03.2018
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.
LOCATIONS
|
Registered Office : |
1-8-673, IDA, Azamabad, Hyderabad-500020, Telangana |
|
Tel. No.: |
91-40-27664502 |
|
Mobile No.: |
Not Available |
|
Fax No.: |
91-40-27663527 |
|
E-Mail : |
|
|
Website : |
|
|
Locality : |
Commercial cum industrial |
|
|
|
|
Factory: |
Survey No. 141 to 143, Laxmidevrapally Road, Narayanpur Village, Pargi
Mandal, R. R. Distrcit-501501, Telangana, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bharat Kumar Sonthalia |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
8-2-686/K/26/5, Banjara Hills, Road No 12,Ward 8, Circle 7, Hyderabad-500034, Telangana, India |
||||||||
|
Date of Birth/Age : |
08.01.1959 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
09.10.2006 |
||||||||
|
PAN No.: |
AEDPK2454B |
||||||||
|
DIN No.: |
00631935 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mrs. Saroj Devi Sonthalia |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
8-2-686/K/26/5, Banjara Hills, Road No12,Ward 8,Circle 7, Hyderabad-500034, Telangana, India |
||||||||
|
Date of Birth/Age : |
12.10.1961 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
09.10.2006 |
||||||||
|
PAN No.: |
AFBPS6282J |
||||||||
|
DIN No.: |
00631975 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Mudit Sonthalia |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
H No. 8-2-686/K/26/5, Kimtee Enclave, Road No. 12, Banjara Hills, Hyderabad- 500034, Telangana, India |
||||||||
|
Date of Birth/Age : |
21.04.1995 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
20.05.2013 |
||||||||
|
PAN No.: |
EQJPS2475Q |
||||||||
|
DIN No.: |
06608811 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. N.V.S.S.Suryanarayana Rao |
|
Designation : |
Company Secretary in Practice |
|
Address : |
Plot No. 232B, Road No. 6, Samathapuri Colony, New Nagole,
Hyderabad-500035, Andhra Pradesh, India |
|
Mobile No.: |
91-9849567451 |
|
E-Mail : |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDERS LIST FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
35.93 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
64.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of TMT Bars. (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
R.B. Kabra and Comapny Chartered Accountants |
|
Address : |
4-1-917, Parsi Lane, Tilak Road , Hyderabad, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFR3093C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Relatives of Key Management
Personnel : |
Binjusaria Sponge And Power Private Limited (CIN -
U27102TG2003PTC040771) |
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR
120.000 Million
Issued, Subscribed & Paid-up Capital : INR 119.155 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11565500 |
Equity Shares |
INR 10/- each |
INR 115.655 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
115.655 |
96.030 |
91.030 |
|
(b) Reserves and Surplus |
388.362 |
314.187 |
287.107 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
504.017 |
410.217 |
378.137 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
268.248 |
200.587 |
181.462 |
|
(b) Deferred tax liabilities (Net) |
47.097 |
44.554 |
40.940 |
|
(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) |
315.345 |
245.141 |
222.402 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
271.333 |
275.591 |
264.548 |
|
(b) Trade
payables |
206.948 |
178.454 |
230.585 |
|
(c) Other
current liabilities |
107.678 |
89.499 |
86.581 |
|
(d) Short-term
provisions |
5.568 |
4.890 |
5.779 |
|
Total Current
Liabilities (4) |
591.527 |
548.434 |
587.493 |
|
|
|
|
|
|
TOTAL |
1410.889 |
1203.792 |
1188.032 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
412.058 |
364.385 |
390.894 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
139.401 |
48.822 |
7.596 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.050 |
0.050 |
0.050 |
|
Total Non-Current
Assets |
551.509 |
413.257 |
398.540 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
611.495 |
547.831 |
548.567 |
|
(c) Trade
receivables |
76.524 |
59.605 |
105.944 |
|
(d) Cash and
bank balances |
51.823 |
23.901 |
31.955 |
|
(e) Short-term
loans and advances |
65.937 |
102.205 |
56.660 |
|
(f) Other
current assets |
53.601 |
56.993 |
46.366 |
|
Total
Current Assets |
859.380 |
790.535 |
789.492 |
|
|
|
|
|
|
TOTAL |
1410.889 |
1203.792 |
1188.032 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1604.975 |
1918.378 |
2367.018 |
|
|
Other Income |
6.487 |
5.701 |
5.847 |
|
|
TOTAL |
1611.462 |
1924.079 |
2372.865 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1070.407 |
1256.014 |
1905.851 |
|
|
Purchases of
Stock-in-Trade |
66.050 |
139.804 |
18.961 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(107.124) |
18.702 |
(94.554) |
|
|
Employee benefit expense |
13.572 |
11.776 |
13.690 |
|
|
Other expenses |
459.576 |
397.104 |
427.065 |
|
|
TOTAL |
1502.481 |
1823.400 |
2271.013 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
108.981 |
100.679 |
101.852 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
57.176 |
53.405 |
53.389 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
51.805 |
47.274 |
48.463 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
27.635 |
26.502 |
22.852 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
24.170 |
20.772 |
25.611 |
|
|
|
|
|
|
|
Less |
TAX |
8.870 |
8.692 |
11.315 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
15.300 |
12.080 |
14.296 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.323 |
1.258 |
1.489 |
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 |
51.805 |
92.997 |
59.354 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
51.805 |
86.560 |
54.494 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
17.40 |
11.34 |
16.34 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
20.97 |
32.18 |
22.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
66.47 |
46.66 |
43.73 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.18 |
0.18 |
0.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.20 |
0.24 |
0.26 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.61 |
0.62 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.07 |
1.16 |
1.18 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.17 |
1.34 |
1.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.09 |
1.01 |
1.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.91 |
1.89 |
1.91 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.95 |
0.63 |
0.60 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.08 |
1.00 |
1.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.04 |
2.94 |
3.78 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.45 |
1.44 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.42 |
0.44 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.36 |
0.34 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.67 |
4.96 |
4.90 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.45 |
1.44 |
1.34 |
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 |
91.030 |
96.030 |
115.655 |
|
Reserves & Surplus |
287.107 |
314.187 |
388.362 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
378.137 |
410.217 |
504.017 |
|
|
|
|
|
|
long-term borrowings |
181.462 |
200.587 |
268.248 |
|
Short term borrowings |
264.548 |
275.591 |
271.333 |
|
Total
borrowings |
446.010 |
476.178 |
539.581 |
|
Debt/Equity
ratio |
1.179 |
1.161 |
1.071 |
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 |
2367.018 |
1918.378 |
1604.975 |
|
|
|
(18.954) |
(16.337) |
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 |
2367.018 |
1918.378 |
1604.975 |
|
Profit |
14.296 |
12.080 |
15.300 |
|
|
0.60
% |
0.63
% |
0.95
% |
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 |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
20.633 |
20.635 |
|
Deposits from directors |
40.218 |
37.077 |
|
Deposits from shareholders |
0.000 |
0.175 |
|
Total |
60.851 |
57.887 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G76040088 |
100152410 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
09/01/2018 |
- |
- |
50000000.0 |
ONE FORBESDR. V. B. GANDHI MARG, FORT, MUMBAI -400001IN |
|
2 |
G74045980 |
100147994 |
HDFC BANK LIMITED |
29/11/2017 |
- |
- |
416100000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G32706640 |
100070629 |
SIDBI |
04/01/2017 |
- |
- |
120000000.0 |
101, HERMITAGE OFFICE COMPLEXSAIFABADHYDERABADTG500004IN |
|
4 |
B29934023 |
10329907 |
BAJAJ FINANCE LIMITED |
20/12/2011 |
- |
- |
981000.0 |
AKURDI PUNE-PUNEMH411035IN |
|
5 |
B14274617 |
10290181 |
KOTAK MAHINDRA BANK LIMITED |
07/06/2011 |
- |
- |
700000.0 |
36-38A, NARIMAN BHAVAN, 227,D,NARIMAN POINT,MUMBAIMH400021IN |
|
6 |
A90846726 |
10231562 |
BAJAJ AUTO FINANCE LTD |
16/07/2010 |
- |
- |
1670000.0 |
AKURDI PUNE-PUNEMH411035IN |
|
7 |
C69409860 |
10087928 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
20/02/2008 |
05/11/2015 |
- |
187500000.0 |
101 HERMITAGE OFFICE COMPLEXSAIFABADHYDERABADTG500004IN |
|
8 |
G73729881 |
10166878 |
Punjab National Bank |
01/06/2009 |
- |
02/01/2018 |
717000.0 |
R.P.ROADSECUNDERABADAP500003IN |
|
9 |
G73763435 |
10474216 |
PUNJAB NATIONAL BANK |
01/01/2014 |
- |
02/01/2018 |
20000000.0 |
R.P.ROADSECUNDERABADAP500003IN |
|
10 |
G73731044 |
10307628 |
PUNJAB NATIONAL BANK |
09/08/2011 |
- |
02/01/2018 |
25000000.0 |
R.P.ROADSECUNDERABADAP500003IN |
FIXED ASSETS
- Land
- Building
- Office building
- Plant and equipment
- Furniture and Fixture
- Computer equipments
- Vehicles
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 65.05 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
TRUP |
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.