|
|
|
MIRA INFORM REPORT
|
Report No. : |
508031 |
|
Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SALVO EXPLOSIVES AND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot
No.17, Sri Malani Co-Operative Housing Society Limited, Indian Airlines
Colony, Thirumalgiri, Secunderabad – 500 015, Telangana |
|
Tel. No.: |
91-40-27792456 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
21.01.1985 |
|
|
|
|
Com. Reg. No.: |
36-005255 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 71.837 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24292AP1985PTC005255 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AACCS8200R1ZY |
|
|
|
|
TIN No.: |
36750185601 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS8200R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and Supplier of Explosives and Irrigation Job works. [Registered activity and also confirmed by
management] |
|
|
|
|
No. of Employees
: |
75 (Approximately) |
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 : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1985 having
satisfactory track. Management of the company has not filed its financials with the
government department for the year 2017. As per available financials of 2016, the company has witnessed a
healthy growth in its revenue and has reported fair profit margin at 2.32%
(approx.) The company possesses an acceptable financial profile marked by sound
net worth base along with low debt level and favorable gap between trade
payables to its trade receivables. The company also derives strength from its long standing track record
of business operation. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. In view of the 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 (30.09.2017) |
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 |
CRISIL |
|
Rating |
Long term rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
26.04.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
26.04.2018 |
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
31-03-2018.
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 10.05.2018
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. Vinay Reddy |
|
Designation : |
Manager |
|
Contact No.: |
91-40-27792456 |
|
Date : |
09.05.2018 |
LOCATIONS
|
Registered Office : |
Plot No.17, Sri Malani Co-Operative Housing
Society Limited, Indian Airlines Colony, Thirumalgiri, Secunderabad – 500
015, Telangana, India
|
|
Tel. No.: |
91-40-27792456/ 27795999 |
|
Mobile No.: |
91-9848233669 (Mr. Aileni Shyam Sunder Reddy) |
|
Fax No.: |
91-40-27792653 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Survey No.756/ 786/ 916/ 617, Ankireddy Pally Village, Keesara Mandal,
Rangareddy District, Telangana, India |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Aileni Shyam Sunder Reddy |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
Plot No.1, Lane No.1, Vayupuri Colony, Malkajgiri, Secunderabad – 500094, Telangana, India |
||||||||||||||||
|
Date of Birth/Age : |
01.07.1980 |
||||||||||||||||
|
Qualification: |
M. Tech |
||||||||||||||||
|
Date of Appointment : |
27.04.2002 |
||||||||||||||||
|
DIN No.: |
01139121 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mrs. Aileni Sandhya Rani |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Plot No.1, Road No.1, Vayupuri Colony, Sainikpuri, Malkajgiri, Secunderabad – 500094, Telangana, India |
||||||||||||||||
|
Date of Birth/Age : |
08.02.1982 |
||||||||||||||||
|
Qualification: |
M. Tech |
||||||||||||||||
|
Date of Appointment : |
19.04.2005 |
||||||||||||||||
|
DIN No.: |
01139355 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vinay Reddy |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Supplier of Explosives and Irrigation Job works. [Registered activity and also confirmed by
management] |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
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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|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Cash and Cheque |
||||||
|
|
|
||||||
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and End Users
|
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
75 (Approximately) |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
V.C.Mouli and Company Chartered Accountants |
|
Address : |
304, Vipanchi Estate, (Commercial Complex), Hyderguda, Hyderabad-500029, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAVPV9872G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related party (AS ON 31.03.2016): |
|
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their relatives (AS ON 31.03.2016): |
|
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
INR 100/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
718370 |
Equity Shares |
INR 100/- each |
INR 71.837 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
71.837 |
68.800 |
68.800 |
|
(b) Reserves and Surplus |
108.733 |
83.610 |
67.944 |
|
(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) |
180.570 |
152.410 |
136.744 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
37.924 |
36.856 |
23.749 |
|
(b) Deferred tax liabilities (Net) |
4.719 |
5.951 |
6.774 |
|
(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) |
42.643 |
42.807 |
30.523 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
60.212 |
59.574 |
36.068 |
|
(b) Trade
payables |
76.115 |
39.574 |
39.627 |
|
(c) Other
current liabilities |
125.538 |
61.719 |
77.868 |
|
(d) Short-term
provisions |
21.661 |
12.585 |
11.515 |
|
Total Current
Liabilities (4) |
283.526 |
173.452 |
165.078 |
|
|
|
|
|
|
TOTAL |
506.739 |
368.669 |
332.345 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
133.923 |
145.933 |
138.548 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
29.729 |
4.184 |
11.646 |
|
(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 |
17.526 |
8.917 |
8.831 |
|
(e) Other
Non-current assets |
0.340 |
0.407 |
0.475 |
|
Total Non-Current
Assets |
181.518 |
159.441 |
159.500 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
54.712 |
31.022 |
36.484 |
|
(c) Trade
receivables |
158.257 |
111.298 |
111.653 |
|
(d) Cash and
bank balances |
1.209 |
4.071 |
1.985 |
|
(e)
Short-term loans and advances |
111.043 |
62.837 |
22.723 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
325.221 |
209.228 |
172.845 |
|
|
|
|
|
|
TOTAL |
506.739 |
368.669 |
332.345 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1078.698 |
664.934 |
650.796 |
|
|
Other Income |
2.118 |
2.476 |
2.914 |
|
|
TOTAL |
1080.816 |
667.410 |
653.710 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
847.857 |
517.621 |
505.564 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.019 |
(0.055) |
0.451 |
|
|
Employee benefit expense |
17.203 |
16.006 |
17.649 |
|
|
Other expenses |
147.956 |
84.479 |
88.854 |
|
|
TOTAL |
1013.035 |
618.051 |
612.518 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
67.781 |
49.359 |
41.192 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.785 |
9.138 |
8.336 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
54.996 |
40.221 |
32.856 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.406 |
16.227 |
12.307 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
38.590 |
23.994 |
20.549 |
|
|
|
|
|
|
|
Less |
TAX |
13.467 |
8.327 |
6.650 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
25.123 |
15.667 |
13.899 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
34.97 |
22.77 |
20.20 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
38.590 |
23.994 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
38.590 |
23.994 |
0.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
53.55 |
61.09 |
62.62 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.82 |
5.97 |
5.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
32.77 |
27.91 |
28.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.24 |
1.59 |
1.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.33 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.63 |
0.57 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.54 |
0.63 |
0.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.57 |
1.14 |
1.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.91 |
0.98 |
1.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.30 |
5.40 |
4.94 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.33 |
2.36 |
2.14 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.96 |
4.25 |
4.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.91 |
10.28 |
10.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.15 |
1.21 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.95 |
1.03 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.36 |
0.41 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.37 |
1.40 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.15 |
1.21 |
1.05 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
68.800 |
68.800 |
71.837 |
|
Reserves & Surplus |
67.944 |
83.610 |
108.733 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
136.744 |
152.410 |
180.570 |
|
|
|
|
|
|
Long-term borrowings |
23.749 |
36.856 |
37.924 |
|
Short term borrowings |
36.068 |
59.574 |
60.212 |
|
Total
borrowings |
59.817 |
96.430 |
98.136 |
|
Debt/Equity
ratio |
0.437 |
0.633 |
0.543 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
650.796 |
664.934 |
1078.698 |
|
|
|
2.172 |
62.226 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
650.796 |
664.934 |
1078.698 |
|
Profit/ (Loss) |
13.899 |
15.667 |
25.123 |
|
|
2.14
% |
2.36
% |
2.33
% |
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 |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND:
The Company was incorporated on 21st day of January, 1985 in Hyderabad, Telangana, India. The Company was registered with the Registrar of Companies vide CIN No. U24292AP1985PTC005255 dated 21-01-1985. The company is engaged in the business of Manufacturing of Explosives and Irrigation Job works.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Other loans and advances |
0.000 |
3.037 |
|
Total |
0.000 |
3.037 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
G78470671 |
100158185 |
AXIS
BANK LIMITED |
16/02/2018 |
6110000.0 |
5-2-183/184,ASC
CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
2 |
G80844665 |
100163487 |
SREI
EQUIPMENT FINANCE LIMITED |
15/02/2018 |
40621500.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
3 |
G76273028 |
100153038 |
AXIS
BANK LIMITED |
30/12/2017 |
9386048.0 |
5-2-183/184,ASC
CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
4 |
G33250606 |
100071739 |
AXIS
BANK LIMITED |
29/12/2016 |
10800000.0 |
5-2-183/184,ASC
CENTRE, III FLOORRP ROADHYDERABADTG500003IN |
|
5 |
G07579659 |
100038807 |
AXIS
BANK LIMITED |
24/06/2016 |
11007000.0 |
5-2-183/184,ASC
CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
6 |
C79991519 |
10623369 |
SREI
EQUIPMENT FINANCE LIMITED |
08/09/2015 |
6213500.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
7 |
C64778442 |
10592141 |
CITI
BANK N.A. |
14/08/2015 |
1036000.0 |
QUEEN PLAZA,
S P ROADBEGAMPETSECUNDRABADTG500003IN |
|
8 |
C64769557 |
10592122 |
CITI
BANK N.A. |
14/08/2015 |
1036000.0 |
QUEEN
PLAZA, S P ROADBEGAMPETSECUNDRABADTG500003IN |
|
9 |
C64780158 |
10592145 |
CITI
BANK N.A. |
14/08/2015 |
1036000.0 |
QUEEN
PLAZA, S P ROADBEGAMPETSECUNDRABADTG500003IN |
|
10 |
C64408305 |
10591358 |
CITI
BANK N.A. |
31/07/2015 |
902000.0 |
QUEEN
PLAZA, S P ROADBEGAMPETSECUNDRABADTG500003IN |
FIXED ASSETS:
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
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 67.38 |
|
|
1 |
INR 91.09 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
RBY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared by
: |
KVT |
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.