|
|
|
MIRA INFORM REPORT
|
Report No. : |
497426 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
GR POWER SWITCHGEAR LIMITED
[w.e.f.07.03.1995] |
|
|
|
|
Formerly known
as: |
GR POWER SWITCHGEAR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kotamma Bhavan, Unit No. 27/B, IDA, Phase IV, Jeedimetla, Hyderabad –
500055, Telangana |
|
Tel. No.: |
91-40-23095589 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.04.1992 |
|
|
|
|
Com. Reg. No.: |
36-014098 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 28.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909TG1992PLC014098 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7476M |
|
|
|
|
TIN No.: |
36750194622 |
|
|
|
|
GST No.: |
36AAACG7476M1Z2 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Fabrication and Dealer in all kinds of AB Switches/ Isolators/ Disconnects Ranging from 11 KV to 760 KV or such other ranges, switchgears, Fuse Boxes, Electric and Electronic Components, Instruments, etc. [As per Memorandum of Association] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1992 having satisfactory track record. It is engaged as manufacturer of isolator. For the financial year 2017, the company has achieved decent growth of 26.94% in its revenue as compared to its previous year but has reported thin profit margin of 1.54% during the year. Rating takes into consideration, the satisfactory financial risk profile marked by sufficient net worth base and fair cash accruals. Rating continues to derive strength from its long and established track record of its business operations backed by its well-experienced management team. However, these rating get partially offset by fluctuating profit margins and excess of borrowings which can be a threat to its liquidity position and its presence in highly fragmented and competitive electrical good industry. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = B+ |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk |
|
Date |
11.07.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
11.07.2017 |
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 17.03.2018
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.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [91-40-23095589]
[91-40-23195062/ 23195064] Numbers are not working
LOCATIONS
|
Registered Office/ Factory : |
Kotamma Bhavan, Unit No. 27/B, IDA, Phase IV, Jeedimetla, Hyderabad –
500055, Telangana, India |
|
Tel. No.: |
91-40-23095589/ 23095589 / 23095477 |
|
Fax No.: |
91-40‐23191355 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Chennuru Gopal Reddy |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
Plot No.760, Road No.39, Jubliee Hills, Hyderabad – 500033, Telangana, India |
||||||||||||||||||||
|
Date of Appointment : |
09.04.1992 |
||||||||||||||||||||
|
DIN No.: |
00087589 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Chennuru Lakshmi Pallavi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Plot No.760, Road No.39, Jubliee Hills, Hyderabad – 500033, Telangana, India |
||||||||||||||||||||
|
Date of Appointment : |
01.05.1999 |
||||||||||||||||||||
|
DIN No.: |
00087603 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Chennuru Devasena Reddy |
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|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Plot No.760, Road No.39, Jubliee Hills, Hyderabad – 500033, Telangana, India |
||||||||||||||||||||
|
Date of Appointment : |
09.04.2007 |
||||||||||||||||||||
|
DIN No.: |
00089513 |
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Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Chennuru Lakshmi Neelima |
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|
Designation : |
Director |
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|
Address : |
Plot No.763, Road No.39 Near Croma, Jubilee Hills, Hyderabad 500033, Telangana, India |
||||||||||||||||||||
|
Date of Appointment : |
01.05.1999 |
||||||||||||||||||||
|
DIN No.: |
07000671 |
||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Gopala Reddy C |
|
1466250 |
|
C. Devasena Reddy |
|
546250 |
|
C. Lakshmi Pallavi |
|
431150 |
|
C. Lakshmi Neelima |
|
287200 |
|
P. Hemanth Reddy |
|
143750 |
|
P. Ramachandra Reddy |
|
100 |
|
P. Vyedehi |
|
100 |
|
P. Sanjay |
|
100 |
|
P. Venkata Seshamma |
|
100 |
|
|
|
|
|
Total |
|
2875000 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Fabrication and Dealer in all kinds of AB Switches/ Isolators/ Disconnects Ranging from 11 KV to 760 KV or such other ranges, switchgears, Fuse Boxes, Electric and Electronic Components, Instruments, etc. [As per Memorandum of Association] |
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||||
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Products : |
|
||||
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
|
||||
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Selling : |
Not Divulged |
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|
||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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|
|||||||||||||||||||||||||||||||||||||||
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Customers : |
· Chattisgarh State Electricity Board. · Delhi Transco Limited, · Dept. Of Elecy., Govt. Of J&K · Gujarat Elecy. Board · Haryana Vidyut Prasaran Nigam Limited · Karnataka Power Tr. Corpn. Limited · Kerala State Elecy. Board · Maharashtra State Elecy. Board · New Delhi Power Limited · Punjab State Elecy. Board · Rajasthan State Elecy. Board · Tamil Nadu Elecy. Board · Power Grid Corporation Of India Limited · National Thermal Power Corporation Limited · Nuclear Power Corporation Of India Limited · Transmission Corporation of A. P. Limited, etc. · ABB Limited, Bangalore / Vadodara. · Areva T&D India Limited, Noida / Chennai |
|||||||||||||||||||||||||||||||||||||||
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|
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No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||||||||
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Bankers : |
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Facilities : |
|
|
|
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|
Auditors : |
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|
Name : |
A.G.S Reddy and Company Chartered Accountants |
|
Address : |
Flat No.8, 1st Floor, Topaz, Amrutha Hills, Punjagutta, Hyderabad –
500082, Telangana, India |
|
PAN No.: |
ABLPA5069M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2875000 |
Equity Shares |
INR 10/- each |
INR 28.750
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 |
28.750 |
28.750 |
28.750 |
|
(b) Reserves & Surplus |
102.427 |
88.489 |
85.051 |
|
(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) |
131.177 |
117.239 |
113.801 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
85.543 |
132.213 |
157.198 |
|
(b) Deferred tax liabilities (Net) |
3.335 |
3.501 |
8.352 |
|
(c)
Other long term liabilities |
0.043 |
0.129 |
1.546 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
88.921 |
135.843 |
167.096 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
255.440 |
216.405 |
244.083 |
|
(b)
Trade payables |
52.463 |
111.521 |
110.337 |
|
(c)
Other current liabilities |
5.973 |
8.999 |
0.000 |
|
(d)
Short-term provisions |
5.949 |
5.527 |
28.588 |
|
Total
Current Liabilities (4) |
319.825 |
342.452 |
383.008 |
|
|
|
|
|
|
TOTAL |
539.923 |
595.534 |
663.905 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
68.058 |
52.178 |
68.265 |
|
(ii)
Intangible Assets |
0.123 |
0.203 |
0.232 |
|
(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 |
0.428 |
0.428 |
0.428 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.520 |
1.418 |
1.509 |
|
(e)
Other Non-current assets |
0.152 |
0.152 |
0.152 |
|
Total
Non-Current Assets |
70.281 |
54.379 |
70.586 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
278.408 |
297.056 |
225.004 |
|
(c)
Trade receivables |
177.580 |
219.692 |
347.706 |
|
(d)
Cash and cash equivalents |
12.010 |
16.717 |
17.503 |
|
(e)
Short-term loans and advances |
1.012 |
3.525 |
3.106 |
|
(f)
Other current assets |
0.632 |
4.165 |
0.000 |
|
Total
Current Assets |
469.642 |
541.155 |
593.319 |
|
|
|
|
|
|
TOTAL |
539.923 |
595.534 |
663.905 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
905.211 |
713.119 |
716.072 |
|
|
|
Other Income |
1.736 |
4.436 |
4.072 |
|
|
|
TOTAL |
906.947 |
717.555 |
720.144 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
594.075 |
561.348 |
388.501 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
27.281 |
(80.524) |
105.081 |
|
|
|
Employees benefits expense |
36.921 |
31.105 |
17.893 |
|
|
|
Other expenses |
158.411 |
118.096 |
125.218 |
|
|
|
TOTAL |
816.688 |
630.025 |
636.693 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
90.259 |
87.530 |
83.451 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
60.581 |
71.902 |
64.976 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.678 |
15.628 |
18.475 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.383 |
9.396 |
11.533 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
23.295 |
6.232 |
6.942 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.357 |
2.794 |
0.496 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
13.938 |
3.438 |
6.446 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
4.85 |
1.20 |
2.24 |
|
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 |
85.450 |
119.923 |
NA |
|
|
|
|
|
|
Net Cash from (used in) operating activities |
77.060 |
112.311 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
71.60 |
112.45 |
177.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.10 |
3.25 |
2.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
32.23 |
72.51 |
103.66 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.32 |
0.29 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.32 |
1.67 |
1.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.80 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.60 |
2.97 |
3.53 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.44 |
2.92 |
3.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.52 |
0.45 |
0.60 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.49 |
1.22 |
1.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.54 |
0.48 |
0.90 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.58 |
0.58 |
0.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.63 |
2.93 |
5.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.47 |
1.58 |
1.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.60 |
0.71 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.24 |
0.20 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.86 |
12.13 |
13.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.47 |
1.58 |
1.55 |
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 |
28.750 |
28.750 |
28.750 |
|
Reserves & Surplus |
85.051 |
88.489 |
102.427 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
113.801 |
117.239 |
131.177 |
|
|
|
|
|
|
long-term borrowings |
157.198 |
132.213 |
85.543 |
|
Short term borrowings |
244.083 |
216.405 |
255.440 |
|
Total
borrowings |
401.281 |
348.618 |
340.983 |
|
Debt/Equity
ratio |
3.526 |
2.974 |
2.599 |
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 |
716.072 |
713.119 |
905.211 |
|
|
|
(0.412) |
26.937 |
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 |
716.072 |
713.119 |
905.211 |
|
Profit/ (Loss) |
6.446 |
3.438 |
13.938 |
|
|
0.90% |
0.48% |
1.54% |
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 |
No |
|
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 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 |
G61287280 |
90139175 |
ANDHRA BANK |
31/10/1998 |
06/10/2017 |
- |
380000000.0 |
GROUND FLOOR, 6-3-891 & 892, THE BELVEDERE,RAJ BHAVAN ROAD, SOMAJIGUDAHYDERABADTG500082IN |
|
2 |
G13681796 |
10012617 |
ICICI BANK LIMITED |
05/06/2006 |
- |
17/09/2016 |
700653.0 |
LAND MARK RACE COURSE CIRCLEVADODARAGJ390007IN |
|
3 |
G09899584 |
90137807 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
12/12/1995 |
13/12/1995 |
17/08/2016 |
13130000.0 |
CORE - 4A; EAST COURT; 1ST FLOORINDIA HABITAT CENTRE; LODI ROADNEW DELHIDL110003IN |
|
4 |
C79990172 |
10519231 |
ANDHRA BANK |
09/09/2014 |
- |
10/02/2016 |
35000000.0 |
GROUND FLOOR, 6-3-891 & 892, THE BELVEDERE,RAJ BHAVAN ROAD, SOMAJIGUDAHYDERABADTG500082IN |
|
5 |
C79919585 |
10230957 |
ANDHRA BANK |
09/04/2010 |
- |
10/02/2016 |
18000000.0 |
SPECIALISED CORPORATE FINANCE BRANCH6-3-648, 3RD FLOOR, PADMAJA LAND MARK, SOMAJIGUDA,HYDERABADAP500082IN |
|
6 |
C79918546 |
90138763 |
ANDHRA BANK |
17/07/1992 |
26/10/2004 |
10/02/2016 |
4500000.0 |
SPECIALISED CORPORATE FINANCE BRANCHSOMAJIGUDAHYDERABADAPIN |
|
7 |
C79991683 |
10585267 |
ANDHRA BANK |
13/08/2015 |
- |
10/02/2016 |
44000000.0 |
GROUND FLOOR, 6-3-891 & 892, THE BELVEDERE,RAJ BHAVAN ROAD, SOMAJIGUDAHYDERABADTG500082IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans from Directors and Shareholders |
0.000 |
16.187 |
|
|
|
|
|
Total |
0.000 |
16.187 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Letter of Credit |
0.000 |
41.751 |
|
Bank Guarantees |
111.993 |
97.512 |
REVIEW OF
OPERATIONS:
During the year the Company has earned Total income of INR 906.947 million for the current year when compared to INR 717.555 million in previous year and posted a net profit of INR 13.938 million when compared to INR 3.438 million for the previous year.
STATE OF COMPANY'S AFFAIRS
The Directors are making their incessant efforts to realize that market opportunities and are confident enough that in the coming years the company will be earning more profit In order to improve the performance of the company.
FIXED ASSETS:
· Land
· Staff Quarters
· Building
· Plant and Machinery
· Wind – Mill
· Electrical Fitting
· Vehicle
· Office Equipment
· Furniture and Fixture
·
Computers
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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.87 |
|
UK Pound |
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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 |
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.