ABOUT OUR COMPANY

Our concern was established in 2013, firm named as "KML SOURCEING SOLUTIONS" The Company sole proprietary Mrs. D.KANAKADURGA from Vishakhapatnam district , Our business practice started with All kinds of structure in ground engineering works.

OUR OBJECTIVES

We, at KML Sourceing Solutions, strive to achieve sustained, profitable growth by providing services which consistently satisfy the needs and expectations of our clients. Our objective is to expand our presence, create a high class construction company, and build strong partnership with clients by applying futuristic technology with an efficient and dedicated workforce to overcome the competitive challenges in the field.

KML Experienced Sectors

  • National Highways
  • State Highways
  • Ports & Jetty’s
  • Public Works Dept
  • Irrigation Sectors
  • Railway Bridges
  • Endowments Department
  • Municipal Corporation

KEY RATING DRIVERS

BUSINESS AND MANAGEMENT

STRENGTHS

Organizational stability coupled with management expertise: An established track record and management expertise of 08 years indicates the firm’s ability to maintain business viability and steer the business through operational hurdles.

Good business certainty:

- The firm has demonstrated secular growth in revenues for the past Three financial years which is reflected in increase in net sales to Rs.650 lakhs during 2022-23 from Rs.207 lakh during 2020-21 and Rs.59 lakh during 2020-19.

- It has also significantly recorded the net sales of Rs 800 lakh from 1st April 2021to March 31st 2022. Moreover, it has future projects in hand of worth Rs.1200-1900 lakh projects in our hands

RISK FACTORS

Tender-based business: Business certainty inherently depends on the tenders floated during the year and competition from other bidders as the entire business is tender-based; however, the success ratio on average, stands at 24.00 per cent

Margin may be constrained in future due to:

- Volatility in the price of materials
- Increasing competition from other market players

FINANCIAL

STRENGTHS

Good working capital management: Receivables were in line with the firm’s credit terms from 2019-20 to 2020-21.& Bank financers

RISK FACTORS

Moderate profitability: The firm’s ability to enhance operational efficiency while scaling up operations remains to be seen, as it registered a moderate operating profit before depreciation, interest, and tax (OPBDIT) margin of 5.55 per cent, profit after tax (PAT) margin of 3.08 per cent, and return on capital employed (ROCE) of 30.39 per cent in 2019-20.

High reliance on external debt: The firm’s debt-equity ratio (not including promoter loans as debt) of 4.39 times as on March 31, 2020 leaves its net worth vulnerable to decline in asset values

Stretched payables : for the last three financial years may strain supplier relationships and impact raw material availability.

FACT SHEET

Name of the firm : KML SOURCEING SOLUTIONS
Year of establishment : 2013
Commencement of operations : October 3 rd , 2013
Legal status : Proprietorship
Legal history : - The firm was established in 2013 as a proprietorship firm by Ms. KML Sourceing Solutions
- There has been no change in the name, management, constitution and business of the firm, since inception.
Registered with : R&B , IRRIGATION , TTD
GSTN Registration number : 37BUIPD5607B1Z0
MSME Number : UDYAM-AP-10-0016704
TAN Number : VPNK03380G
Proprietary : Mrs. Dadi Kanaka Durga
Category of entrepreneur : General
Registered office, Administrative office
and service facility address
: Flat-101 ,D.num :49-54-15/1/4 Sree Keerhi Apartments , Radha Krishna Layout Seethammadhara Visakhapatnam Andhra Pradesh – 530013,
Mob: +91-9701841289, Email: kmlsspl@gmail.com, info@kmlsspl.com
Number of employees : Permanent: 16, Contractual: 62
Certifications and awards
Brands
: TIRUMALA TIRUPATHI DHAVASTHANAMS, DBL ,ABL,GVR,GDCL,KNR,TTK,SPL,BSR


BUSINESS PROFILE

Nature of business : Construction Services
Industry : Structures Construction – All kinds of Projects
Industry prospects : Strong
Business description : Business :  The firm undertakes civil construction work and earthwork, which include; construction of irrigation canals
Construction Equipment : 01. The firm owns the following equipment
02. AUTO level instruments,
03. JCB/EX70
04. Hydraulic Rotary Piling rigs 04nos MAIT 180 ,SANY-155,BG-28VL,26H With Different Torques
05. Heavy duty Socketing tools
06. Vibro Hammers
07. Excavator& Brakers
08. Excavators
09. Tire mounted & Crawlers cranes
10. Test pile equipments.
11. Tippers or dumpers
12. Shuttering materials
13. Scaffolding materials
Project Execution : - The number of projects undertaken by the company varies annually depending on the volume of ongoing projects.
- The company can simultaneously undertake 4 projects at a time.
- The minimum execution team required is of 50 members
- The average time taken for construction ranges from 2 months to 36 months.
Payment : - The firm adopts a percentage completion method to account for revenue earned from construction contracts. Vouchers submitted by the firm undergo technical and financial inspection by various committees appointed by the respective government/public sector department, post which the amount is disbursed.
- The average time gap between submission of vouchers and receipt of amount by the company is between 45- 60 days.
Time and cost overruns : - The firm is penalised for delays in projects due to unforeseen circumstances to the extent of 5.00 per cent of total cost of raw material.
- It does not maintain price escalation clause in its Contracts.
Technical Experience : 23 years
Product range : Diverse
Degree of competition : High; entry barriers are low
Plans : The firm does not have any expansion or diversification plans for the near future.
Customer profile : Direct customers