|
Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
OBEROI MALL LIMITED (w.e.f. 13.07.2011) |
|
|
|
|
Formerly Known
As : |
OBEROI MALL PRIVATE LIMITED HILLTOP CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Commerz, 3rd Floor, International Business Park, Oberoi
Garden City, Off. Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra |
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2011 |
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|
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|
Date of
Incorporation : |
25.05.2001 |
|
|
|
|
Com. Reg. No.: |
11-132119 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202MH2001PLC132119 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMO03461D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO6944Q |
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|
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|
Legal Form : |
A Closely Held Public Limited Liability Company. |
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|
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|
Line of Business
: |
Company is involved in the business of Real Estate. |
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|
|
|
No. of Employees
: |
Information not given by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 3300000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a well established company having fine track. Financial
position of the company appears to be sound. Directors are reported to be experienced
respectable and resourceful businessman. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for normal for business dealings at
usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2012.
INFORMATION DECLINED BY
Management non co-operative
LOCATIONS
|
Registered Office : |
Commerz, 3rd Floor, International Business Park, Oberoi
Garden City, Off. Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-40990824/ 66773333 |
|
Fax No.: |
91-22-40990889/ 66773334 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 26.06.2012
|
Name : |
Mr. Vikas Ranvir Oberoi |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
Plot No.70, 12th N S Road, J V P D Scheme, Juhu, Mumbai –
400049, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1969 |
|
Date of Appointment : |
09.04.2003 |
|
DIN No.: |
00011701 |
|
|
|
|
Name : |
Mr. Bindu Ranvir Oberoi |
|
Designation : |
Director |
|
Address : |
Plot No.70, 12th N S Road, J V P D Scheme, Juhu, Mumbai –
400049, Maharashtra, India |
|
Date of Birth/Age : |
20.08.1968 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
00837711 |
|
|
|
|
Name : |
Mr. Saumil Ashwin Daru |
|
Designation : |
Director |
|
Address : |
A-2301, Oberoi Woods, Off Western Express Highway, Goregaon (East), Mumbai-400063,
Maharashtra, India |
|
Date of Birth/Age : |
04.12.1970 |
|
Date of Appointment : |
21.06.2011 |
|
DIN No.: |
03533268 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.06.2012
|
Names of Shareholders |
No. of Shares |
|
Vikas Ranvir Oberoi |
5 |
|
Oberoi Realty Limited, India |
89990 |
|
Bindu Oberoi and Oberoi realty Limited, India |
1 |
|
Saumil Daru and Oberoi Realty Limited, India |
1 |
|
Raman Sapru and Oberoi Realty Limited, India |
1 |
|
Rajendra Chandorkar and Oberaoi Realty Limited, India |
1 |
|
Arunkumar Kotian and Oberaoi Realty Limited, India |
1 |
|
TOTAL
|
90000 |
AS ON 26.06.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company is involved in the business of Real Estate. |
GENERAL INFORMATION
|
No. of Employees : |
Information not given by the management |
|||||||||||||||
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Bankers : |
·
ICICI Bank Limited, Bandra Kurla Complex, Mumbai,
Maharashtra, India |
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|||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
P. Raj and Company Chartered Accountant |
|
Address : |
3/1218, Navjivan Commercial Premises Co-Operative Society Limited,
Lamington Road, Mumbai – 400008, Maharashtra, India |
|
Tel. No.: |
91-22-23054459/ 23012074/ 23002048 |
|
Fax No.: |
91-22-23012074 |
|
Email : |
|
|
Website : |
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|
PAN No.: |
ANCPS2268R |
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|
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|
Holding Company : |
Oberoi Realty Limited CIN No.: - L45200MH1998PLC114818 |
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|
|
|
Fellow Subsidiaries : |
·
Oberoi Constructions Private Limited ·
Kingston Property Services Private Limited CIN No.:-
U70102MH2007PLC176290 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
|
|
|
|
AS ON 26.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
Rs.10/- each |
Rs. 4.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.10/- each |
Rs. 0.900
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
839.722 |
729.047 |
329.027 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
839.822 |
729.147 |
329.127 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
20.000 |
245.881 |
550.022 |
|
|
TOTAL BORROWING |
20.000 |
245.881 |
550.022 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
859.822 |
975.028 |
879.149 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1364.871 |
1387.667 |
1376.090 |
|
|
Capital work-in-progress |
5.149 |
6.183 |
0.862 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
9.107 |
14.597 |
19.706 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
81.115
|
43.175
|
50.629 |
|
|
Cash & Bank Balances |
282.189
|
22.203
|
0.493 |
|
|
Other Current Assets |
1.987
|
0.000
|
0.000 |
|
|
Loans & Advances |
24.009
|
11.159
|
14.003 |
|
Total
Current Assets |
389.300
|
76.537 |
65.125 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.580
|
7.484
|
15.128 |
|
|
Other Current Liabilities |
579.799
|
502.355
|
567.506 |
|
|
Provisions |
322.226
|
0.117
|
0.000 |
|
Total
Current Liabilities |
908.605
|
509.956 |
582.634 |
|
|
Net Current Assets |
(519.305)
|
(433.419)
|
(517.509) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
859.822 |
975.028 |
879.149 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
660.131 |
607.421 |
526.253 |
|
|
|
Other Income |
7.363 |
0.700 |
NA |
|
|
|
TOTAL |
667.494 |
608.121 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing service costs |
6.404 |
6.313 |
NA |
|
|
|
Administrative, Selling and other Expenses |
27.227 |
16.875 |
NA |
|
|
|
Prior period items |
9.572 |
0.000 |
0.373 |
|
|
|
TOTAL |
43.203 |
23.188 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
624.291 |
584.933 |
458.417 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.770 |
33.678 |
32.121 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
587.521 |
551.255 |
426.296 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
154.620 |
151.119 |
97.046 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
432.901 |
400.136 |
329.250 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
688.946 |
329.027 |
(0.223) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
43.300 |
40.100 |
-- |
|
|
|
Dividend |
277.250 |
0.100 |
-- |
|
|
|
Tax on Dividend |
44.976 |
0.017 |
|
|
|
BALANCE CARRIED
TO THE B/S |
756.321 |
688.946 |
329.027 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.069 |
0.000 |
0.000 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.805 |
|
|
|
Others |
0.069 |
0.000 |
0.805 |
|
|
TOTAL IMPORTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
43290.17 |
40013.66 |
32925.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
64.85
|
65.80 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
89.00
|
90.75 |
81.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
33.32
|
37.28 |
29.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.70
|
0.76 |
1.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.11
|
1.04 |
3.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.43
|
0.15 |
0.11 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors due
small micro enterprises |
0.000 |
0.046 |
0.000 |
|
Creditors due others |
6.580 |
7.438 |
0.054 |
|
For Capital Goods |
|
|
|
|
Outstanding Due to Micro and Small Enterprises |
-- |
-- |
4.596 |
|
Outstanding Due to Other than Micro and Small Enterprises |
-- |
-- |
10.478 |
|
TOTAL |
6.580 |
7.484 |
15.128 |
NOTE
The Registered office of the company has been shifted from International
Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East),
Mumbai – 400063, Maharashtra, India, to the present address w.e.f. 21.09.2009.
NATURE OF OPERATIONS
Subject a private
limited company, is engaged primarily in the business of Real Estate
Development
OPERATION
During the year,
the company has recorded an income of Rs. 667.494 Millions as compared to Rs.
608.121 Millions in the previous year. The Profit before tax and prior period
items has increased to Rs. 597.093 Millions for the year ended March 31, 2011
as compared to Rs. 551.256 Millions for the previous year. The profit after tax
was of Rs. 432.902 Millions for the year as compared to Rs. 400.137 Millions in
the previous year.
FIXED ASSETS
· Freehold Land
· Premises
· Building
· Plant and Machinery
· Electrical Installations
· Furniture and Fixtures
· Office Equipments
· Computers
· 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 55.70 |
|
|
1 |
Rs. 87.54 |
|
Euro |
1 |
Rs. 68.85 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
|
TOTAL |
|
65 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.