|
Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
DLF CYBER CITY DEVELOPERS LIMITED CO. WITH PART IX CATAGORY |
|
|
|
|
Registered Office
: |
10th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.03.2006 |
|
|
|
|
Com. Reg. No.: |
55-036074 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30975.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201HR2006PLC036074 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD3572H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engaged in the business of Development and Leasing of Real Estate. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 210000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of DLF Limited. It is an established company
having fine track. Financial position of the company appears to be sound.
Directors are reported as well experienced and knowledgeable. The company is
progressing very well. Trade relations are reported as praiseworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered good 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Nilesh Ramjiyani |
|
Designation : |
Development Officer |
|
Contact No.: |
91-9818301060 |
|
Date : |
17.07.2012 |
LOCATIONS
|
Registered Office : |
10th Floor, Gateway Tower, DLF City, Phase-III, Gurgaon –
122002, Haryana, India |
|
Tel. No.: |
91-124-4568900 |
|
Fax No.: |
91-9818301060 (Mr. Nilesh Ramjiyani) |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
|
Sector 24 and 25A, Cyber City Gurgaon – 122002, Haryana, India |
|
Tel. No.: |
91-124-4778102 |
|
Fax No.: |
91-9818301060 (Mr. Nilesh Ramjiyani) 91-9810305525 (Mr. Shiva Nagesh) |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
DLF Building No.9, Cyber City Gurgaon – 122002, Haryana, India |
DIRECTORS
As on 05.07.2011
|
Name : |
Mr. Ramesh Sanka |
|
Designation : |
Managing Director |
|
Address : |
Y-211, Regency Park – II, DLF City, Phase – IV, Gurgaon – 122002,
Haryana, India |
|
Date of Birth/Age : |
01.06.1960 |
|
Date of Appointment : |
02.03.2006 |
|
DIN No.: |
00003240 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201HR1991PLC034891 |
NILAYAM
BUILDERS AND DEVELOPERS LIMITED |
Director |
3/8/2004 |
3/8/2004 |
1/3/2007 |
Active |
NO |
|
2 |
U74899DL1995PLC075028 |
DLF
HOME DEVELOPERS LIMITED |
Director |
3/8/2004 |
3/8/2004 |
15/03/2011 |
Active |
NO |
|
3 |
U67120HR1999PLC034267 |
DT CINEMAS
LIMITED |
Director |
3/8/2004 |
3/8/2004 |
14/09/2007 |
Amalgamated |
NO |
|
4 |
U74999DL1989PLC036260 |
DLF
ESTATE DEVELOPERS LIMITED |
Director |
3/8/2004 |
3/8/2004 |
8/11/2010 |
Active |
NO |
|
5 |
U65922HR1988PLC034889 |
DLF FINANCIAL
SERVICES LIMITED |
Director |
3/8/2004 |
3/8/2004 |
- |
Active |
NO |
|
6 |
U65993DL1988PLC034070 |
DLF
FINANCIAL SERVICES LIMITED |
Director |
3/8/2004 |
3/8/2004 |
- |
Not
Available for eFiling |
NO |
|
7 |
U74899DL1994PLC063537 |
VSK INVESTMENT
AND FINANCE LIMITED |
Director |
3/8/2004 |
3/8/2004 |
- |
Amalgamated |
NO |
|
8 |
U01300HR1989PLC030646 |
DLF
UTILITIES LIMITED |
Managing
director |
24/05/2012 |
3/8/2004 |
- |
Active |
NO |
|
9 |
U65993HR1980PLC034800 |
DLF
UNIVERSAL LIMITED.. |
Director |
13/08/2004 |
13/08/2004 |
23/06/2010 |
Active |
NO |
|
10 |
U70101DL2002PLC113636 |
DLF
COMMERCIAL DEVELOPERS LIMITED |
Director |
3/9/2004 |
3/9/2004 |
- |
Active |
NO |
|
11 |
U74899DL1946PTC001029 |
EDWARD
KEVENTER (SUCCESSORS) PRIVATE LIMITED |
Director |
30/05/2005 |
30/05/2005 |
1/10/2009 |
Active |
NO |
|
12 |
U74899DL1989PTC035211 |
DALMIA
PROMOTERS AND DEVELOPERS PRIVATE LIMITED |
Director |
30/05/2005 |
30/05/2005 |
12/4/2010 |
Active |
NO |
|
13 |
U92111DL2000PTC107358 |
DIGITAL
TALKIES PRIVATE LIMITED |
Director |
15/07/2005 |
15/07/2005 |
- |
Active |
NO |
|
14 |
U45201DL2002PLC118185 |
SHIVAJIMARG
PROPERTIES LIMITED |
Director |
28/09/2006 |
16/09/2005 |
1/11/2010 |
Active |
NO |
|
15 |
U45201HR2006PLC036025 |
DLF
PROJECTS LIMITED. |
Director |
31/01/2006 |
31/01/2006 |
2/5/2008 |
Active |
NO |
|
16 |
U45201HR2006PLC036074 |
DLF
CYBER CITY DEVELOPERS LIMITED CO. WITH PART IX CATAGORY |
Managing
director |
1/11/2009 |
2/3/2006 |
- |
Active |
NO |
|
17 |
U74899DL1990PTC040630 |
FEEDBACK
INFRASTRUCTURE SERVICES PRIVATE LIMITED |
Nominee
director |
20/11/2006 |
20/11/2006 |
28/02/2008 |
Active |
NO |
|
18 |
U66000DL2007PLC165153 |
DLF
PRAMERICA LIFE INSURANCE COMPANY LIMITED |
Director |
25/06/2007 |
25/06/2007 |
27/10/2009 |
Active |
NO |
|
19 |
U45201DL2006PTC147392 |
DLF
ASSETS PRIVATE LIMITED |
Director |
29/09/2008 |
14/09/2007 |
27/02/2009 |
Active |
NO |
|
20 |
U45201DL2006PLC147483 |
DANKUNI
WORLD CITY LIMITED |
Director |
22/09/2008 |
3/10/2007 |
12/9/2011 |
Active |
NO |
|
21 |
U45400HR2007PLC037339 |
DLF
METRO LIMITED |
Director |
2/9/2008 |
25/10/2007 |
- |
Amalgamated |
NO |
|
22 |
U30007DL1991PTC179092 |
TRIUMPH
ELECTRONICS PRIVATE LIMITED |
Additional
director |
31/12/2007 |
31/12/2007 |
15/01/2008 |
Active |
NO |
|
23 |
U45202MH2010PLC211670 |
ACKRUTI
CITY MAGNUM LIMITED |
Additional
director |
22/05/2012 |
27/06/2011 |
- |
Active |
NO |
|
24 |
U40109HR2011PTC044012 |
DLF
ENERGY PRIVATE LIMITED |
Director |
4/10/2011 |
4/10/2011 |
- |
Active |
NO |
|
Name : |
Mr. Sriram Khattar |
|
Designation : |
Director |
|
Address : |
D-899, New Friends Colony, New Delhi – 110065, India |
|
Date of Birth/Age : |
26.12.1957 |
|
Date of Appointment : |
31.03.2010 |
|
DIN No.: |
00066540 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201HR2006PLC036025 |
DLF
PROJECTS LIMITED. |
Director |
27/05/2008 |
2/5/2008 |
- |
Active |
NO |
|
2 |
U27310DL2008PTC179369 |
GIORGIO
ARMANI INDIA PRIVATE LIMITED |
Additional
director |
8/10/2008 |
8/10/2008 |
19/12/2008 |
Active |
NO |
|
3 |
U45201DL2005PTC135478 |
DELANCO
REAL ESTATE PRIVATE LIMITED |
Director |
7/9/2009 |
18/02/2009 |
2/6/2011 |
Active |
NO |
|
4 |
U45201DL2006PLC147368 |
DLF
BRANDS LIMITED |
Director |
29/09/2009 |
6/3/2009 |
20/01/2011 |
Active |
NO |
|
5 |
U55101DL2006PLC154220 |
ADONE
HOTELS AND HOSPITALITY LIMITED |
Director |
24/09/2010 |
22/07/2009 |
11/6/2012 |
Active |
NO |
|
6 |
U51909DL2003PTC118917 |
STAR
ALUBUILD PRIVATE LIMITED |
Director |
30/07/2009 |
30/07/2009 |
21/10/2009 |
Active |
NO |
|
7 |
U66000DL2007PLC165153 |
DLF
PRAMERICA LIFE INSURANCE COMPANY LIMITED |
Director |
11/6/2010 |
27/10/2009 |
- |
Active |
NO |
|
8 |
U45209DL2007PTC161760 |
RHEA
RETAIL PRIVATE LIMITED |
Director |
18/03/2010 |
18/03/2010 |
20/01/2011 |
Active |
NO |
|
9 |
U45201HR2006PLC036074 |
DLF
CYBER CITY DEVELOPERS LIMITED CO. WITH PART IX CATAGORY |
Director |
2/8/2010 |
31/03/2010 |
- |
Active |
NO |
|
10 |
U45201DL2006PLC147370 |
DLF
INDIA LIMITED |
Director |
18/08/2010 |
28/04/2010 |
- |
Active |
NO |
|
11 |
U74899DL2001PLC112154 |
LODHI
PROPERTY COMPANY LIMITED |
Director |
30/06/2010 |
27/05/2010 |
- |
Active |
NO |
|
12 |
U65993HR1980PLC034800 |
DLF
UNIVERSAL LIMITED.. |
Director |
23/08/2010 |
24/06/2010 |
- |
Active |
NO |
|
13 |
U74899DL1995PLC075028 |
DLF
HOME DEVELOPERS LIMITED |
Director |
2/8/2011 |
28/02/2011 |
- |
Active |
NO |
|
Name : |
Mr. Ashok Kumar Tyagi |
|
Designation : |
Director |
|
Address : |
7908, DLF Qutab Enclave, Phase IV, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
17.08.1962 |
|
Date of Appointment : |
24.05.2011 |
|
DIN No.: |
00254161 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1996ULT082960 |
GENPACT
INDIA |
Whole-time
director |
5/8/2005 |
5/8/2005 |
4/7/2008 |
Active |
NO |
|
2 |
U45201DL2006FTC202022 |
GENPACT
INFRASTRUCTURE (JAIPUR) PRIVATE LIMITED |
Director |
28/09/2007 |
3/11/2006 |
4/7/2008 |
Active |
NO |
|
3 |
U45201DL2006FTC196023 |
GENPACT
INFRASTRUCTURE (HYDERABAD) PRIVATE LIMITED |
Director |
28/09/2007 |
3/11/2006 |
4/7/2008 |
Amalgamated |
NO |
|
4 |
U72200DL2006FTC202021 |
GENPACT
INDIA BUSINESS PROCESSING PRIVATE LIMITED |
Director |
28/09/2007 |
3/11/2006 |
4/7/2008 |
Active |
NO |
|
5 |
U45201DL2006FTC202020 |
GENPACT
INFRASTRUCTURE (BHUBANESWAR) PRIVATE LIMITED |
Director |
28/09/2007 |
3/11/2006 |
4/7/2008 |
Active |
NO |
|
6 |
U45201DL2006FTC196025 |
GENPACT
INFRASTRUCTURE (BHOPAL) PRIVATE LIMITED |
Director |
28/09/2007 |
3/11/2006 |
4/7/2008 |
Amalgamated |
NO |
|
7 |
U45201DL2007PTC196026 |
GENPACT
INFRASTRUCTURE (KOLKATA) PRIVATE LIMITED |
Additional
director |
8/10/2007 |
8/10/2007 |
4/7/2008 |
Amalgamated |
NO |
|
8 |
U67190MH2009FTC193009 |
PRAMERICA
TRUSTEES PRIVATE LIMITED |
Additional
director |
26/06/2009 |
26/06/2009 |
22/01/2010 |
Active |
NO |
|
9 |
U65993HR1980PLC034800 |
DLF
UNIVERSAL LIMITED.. |
Director |
23/08/2010 |
24/06/2010 |
- |
Active |
NO |
|
10 |
U45201HR2006PLC036074 |
DLF
CYBER CITY DEVELOPERS LIMITED CO. WITH PART IX CATAGORY |
Director |
5/7/2011 |
24/05/2011 |
- |
Active |
NO |
|
Name : |
A.
S. Minocha |
|
Designation : |
Chairman |
|
Address : |
J-10/25, DLF City, Phase – II, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
01.07.1941 |
|
Date of Appointment : |
10.11.2009 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh Ramjiyani |
|
Designation : |
Development Officer |
|
|
|
|
Name : |
Mr. Ram Prakash Punjani |
|
Designation : |
Secretary |
|
Address : |
158, Avtar Enclave, Paschim Vihar, Delhi – 110063, India |
|
Date of Birth/Age : |
19.08.1967 |
|
Date of Appointment : |
02.06.2010 |
|
PAN No.: |
AAHPP2208E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.07.2011
|
Names of Shareholders |
|
No. of Equity
Shares |
|
|
|
|
|
|
|
|
|
Silver Oaks Property Management Services Limited, India |
|
195065000 |
|
Cee Pee Maintenance Services Limited, India |
|
180060000 |
|
Pee Tee Property Management Services Limited, India |
|
180060000 |
|
Comfort Buildcon Private Limited, India |
|
180060000 |
|
Sunlight Promoters Private Limited, India |
|
180060000 |
|
Prompt Real Estate Private Limited, India |
|
180060000 |
|
High Value Builders Private Limited, India |
|
180060000 |
|
DLF Limited, India |
|
75025000 |
|
DLF Universal Limited, India |
|
75025000 |
|
DLF Home Development Limited, India
|
|
75025000 |
|
Total
|
|
1500500000 |
|
Names of Shareholders |
|
No. of
Preference Shares |
|
|
|
|
|
Sidhant Housing and Development Company, India |
|
76749079 |
|
Rajdhani Investments and Agencies Private Limited, India |
|
50031286 |
|
Buland Consultants and Investments Private Limited, India |
|
32919634 |
|
Total
|
|
159699999 |
As on 05.07.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in the business of Development and Leasing
of Real Estate. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
300 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
The Hongkong And Shanghai Banking Corporation Limited, Birla house, 25
Barakhamba Road, New Delhi – 110001, India Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba
Road, New Delhi – 110001, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Note: (A) Housing Development Financial Corporation Limited
Note: (A) From Body Corporate (Repayable on Demand) (B) Buyers Credit |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker, Chandiok and Company Chartered Accountants |
|
Address : |
Gurgaon, Haryana, India |
|
PAN.: |
AAAFW4298E |
|
|
|
|
Ultimate Holding
Company : |
· DLF Limited CIN
NO.: L70101HR1963PLC002484 |
|
|
|
|
Subsidiary
Companies : |
· DLF Assets Private Limited (w.e.f. March 19, 2010) CIN NO.: U45201DL2006PTC147392 · Caraf Builders and Constructions Private Limited (CARAF) CIN NO.: U45201DL2006PTC148138 · DLF Utilities Limited* CIN
NO.: U01300HR1989PLC030646 · Beverly Park Maintenance Service Private Limited (w.e.f. March 23,2011) CIN NO.: U74920HR1999PLC034138 · DLF Info City Developers (Chandigarh) Limited (subsidiary of CARAF) · DLF Info City Developers (Kolkata) Limited (subsidiary of CARAF) · Jawala Real Estate Private Limited |
|
|
|
|
Fellow Subsidiary : |
· DLF Commercial Developers Limited CIN NO.: U70101DL2002PLC113636 · DLF Home Developers Limited CIN No.: U74899DL1995PLC075028 · DLF Southern Homes Private Limited CIN NO.: U45201DL2006PTC147276 · DLF Hotel Holding Limited · DLF Projects Limited CIN NO.: U45201HR2006PLC036025 · DLF Office Developers · DLF Pramerica Life Insurance Company Limited CIN NO.: U66000DL2007PLC165153 · DLF City Centre Limited · DT Projects Limited (formerly DLF Laing?O Rourke India Limited) · DLF India Limited · DLF Universal Limited (formerly known as DLF Retail Developers Limited) CIN NO.: U65993HR1980PLC034800 · DLF Estate Developers Limited CIN NO.: U74999DL1989PLC036260 · DLF Ackruti Info Parks (Pune) Limited CIN NO.: U70101PN2004PLC141178 · DLF New Gurgaon Home Developers Limited CIN NO.: U45201DL2006PTC147385 · DLF Golf Resorts Limited · Regency Park Property Management Services Private Limited CIN NO.: U74920HR1999PLC034168 · Richmond Park Property Management Services Limited CIN NO.: U74920HR1999PLC034194 ·
DLF Brands Limited CIN NO.: U45201DL2006PLC147368 ·
DLF City Centre Limited CIN
NO.: U70102DL2008PLC180096 ·
DLF Commercial Complexes Limited CIN
NO.: U45400DL2007PLC168120 ·
DLF India Limited CIN
NO.: U45201DL2006PLC147370 ·
Silver Oaks Property Management Services Limited CIN
NO.: U67120HR1999PLC034171 ·
Cee Pee Maintenance Services Limited CIN
NO.: U74920HR1999PLC034135 ·
Comfort Buildcon Private Limited CIN
NO.:U45201DL2003PTC123062 ·
Sunlight Promoters Private Limited CIN
NO.:U45201DL2003PTC123065 |
|
|
|
|
Joint Ventures and
Associates of Holding Company: |
· Star Alu Build Private Limited CIN NO.: U51909DL2003PTC118917 |
|
|
|
|
Related Parties : |
· DLF Assets Private Limited. (Formerly DLF Assets India Private Limited) (Upto March 18, 2010) · Caraf Builders and Constructions Private Limited (Upto March 18, 2010) · Universal Management And Sales Private Limited · Panchsheel Investment Company (A Private Company With Unlimited Liability) · Haryana Electrical Udyog Private Limited · Buland Consultants And Investments Private Limited · Rajdhani Investments And Agencies Private Limited · DLF Investments Private Limited · Trinity Housing and Construction Company (Private Company With Unlimited liability) · Sambhav Housing and Development Company (Private Company With Unlimited liability) · Arihant Housing Company (A Private Company With Unlimited Liability) · Madhur Housing and Development Company (A Private Company With Unlimited Liability · Madhukar Housing and Development Company (A Private Company With Unlimited Liability) · Pushpak Builders and Developers Private Limited · Udyan Housing and Development Company (Private Company With Unlimited liability) · Excel Housing Construction Private Limited · Anubhav Apartments Private Limited · Hitech Property Developers Private Limited · Uttam Builders and Developers Private Limited · Sidhant Housing and Development Company (Private Company With Unlimited liability) · Kohinoor Real Estates Company (A Private Company With Unlimited Liability) · Mallika Housing Company(A Private Company With Unlimited Liability) · Jhandewalan Ancillaries And Investments Private Limited · Prem Traders and Investments Private Limited · Vishal Foods and Investments Private Limited · Raisina Agencies and Investments Private Limited · Eastern India Powertech Limited · Sukh Sansar Housing Private Limited · Yashika Properties and Development Company (Private Company With Unlimited liability) · Herminda Builders and Developers Private Limited · Solace Housing and Construction Private Limited · Renkon Agencies Private Limited · Indian School of Business · Uttam Real Estates Company (Private Company With Unlimited Liability) · Belicia Builders and Developers Private Limited · Angus Builders and Developers Private Limited · Realest Builders and Services Private Limited · A.S.G. Realcon Private Limited · Ags Buildtech Private Limited · Sudarshan Estates Private Limited · Megha Estates Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500500000 |
Equity Shares |
Rs.10/- each |
Rs.45005.000 Millions |
|
300000000 |
9% compulsorily convertible preference shares |
Rs.100/- each |
Rs.30000.000 Millions |
|
|
Total |
|
Rs.75005.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500500000 |
Equity Shares |
Rs.10/- each |
Rs.15005.000
Millions |
|
159699999 |
9% compulsorily convertible preference shares |
Rs.100/- each |
Rs.15970.000
Millions |
|
|
Total |
|
Rs.30975.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
30975.000 |
30975.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
21716.973 |
16233.881 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
52691.973 |
47208.881 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
13444.300 |
15559.154 |
|
|
2] Unsecured Loans |
|
2234.493 |
9860.403 |
|
|
TOTAL BORROWING |
|
15678.793 |
25419.557 |
|
|
DEFERRED TAX LIABILITIES |
|
287.772 |
185.457 |
|
|
|
|
|
|
|
|
TOTAL |
|
68658.538 |
72813.895 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
18834.356 |
16713.085 |
|
|
Capital work-in-progress |
|
2530.021 |
3851.662 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
27405.851 |
35846.677 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
39.086 |
5.223 |
|
|
Sundry Debtors |
|
3910.414 |
284.052 |
|
|
Cash & Bank Balances |
|
349.152 |
355.643 |
|
|
Other Current Assets |
|
14127.883 |
12593.103 |
|
|
Loans & Advances |
|
11402.932 |
11252.200 |
|
Total
Current Assets |
|
29829.467 |
24490.221 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
516.019
|
445.144 |
|
|
Other Current Liabilities |
|
4234.147
|
3601.217 |
|
|
Provisions |
|
5190.991
|
4041.389 |
|
Total
Current Liabilities |
|
9941.157 |
8087.750 |
|
|
Net Current Assets |
|
19888.310 |
16402.471 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
68658.538 |
72813.895 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
12464.287 |
5932.378 |
|
|
|
Other Income |
|
450.165 |
467.401 |
|
|
|
TOTAL (A) |
|
12914.452 |
6399.779 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Service Costs |
|
2334.699 |
0.000 |
|
|
|
Contract Cost |
|
643.413 |
172.133 |
|
|
|
Employee Related Expenses |
|
202.906 |
33.258 |
|
|
|
Administrative Selling Other Expenses |
|
201.472 |
176.731 |
|
|
|
Prior Period Items |
|
50.865 |
100.673 |
|
|
|
TOTAL (B) |
|
3433.355 |
482.795 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
9481.097 |
5916.984 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1660.094 |
1935.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
7821.003 |
3981.459 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
436.975 |
367.191 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
7384.028 |
3614.268 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
224.917 |
639.175 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
7159.111 |
2975.093 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
16233.880 |
13318.481 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
1676.018 |
59.694 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
21716.973 |
16233.880 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
2.86 |
1.94 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
55.43 |
46.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
59.24 |
60.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
15.17 |
8.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.14 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.49 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.00 |
3.03 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last two 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 |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
Business Operation
During the year, the income under the head lease rent of constructed properties has increased from Rs.4826.200 Millions to Rs.5305.400 Millions, development income increased from Rs.1103.700 Millions to Rs.4414.00 Millions and lease rent on land from Rs. 2.500 Millions to Rs. 2.800 Millions. The Company has earned Rs.2742.100 Millions from facility management and maintenance. The net profit after tax increased to Rs.7159.100 Millions (previous year Rs.2975.100 Millions), mainly due to increase in income from lease rent on land and constructed properties, development, facility management and maintenance income.
Future Outlook
Having built a strong asset base of rental assets, the Company will continue to focus on growing the rental business of the Company to capture the growth in leasing demand.
Contingent Liability
(Not provided for):
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Claims against
the company (including unasserted claims) not acknowledged as debts in
respect of: |
|
|
|
-
Service tax |
670.151 |
397.124 |
|
-
House and fire tax |
271.852 |
-- |
|
Demand
in excess of provisions(pending in appeals) |
|
|
|
-
Income tax- Assessment year. 2008-09* |
5588.466 |
-- |
|
Guarantee
issued by the Company on behalf of: |
|
|
|
-
Holding company |
1350.000 |
-- |
|
Note: *During the year ended March 31, 2011 the Company received a demand of income tax for Assessment year 2008-09 on account of disallowance of exemption claimed by the company under section 80IAB of Income tax Act 1961 in respect of profits from developing Special Economic Zone profits totaling Rs.11880.464 Millions resulting in an income tax demand of Rs.5588.466 Millions. The Company has challenged the order with the appropriate authorities and based on the advice from independent tax experts, is confident that the additional demand so created will not be sustained. Pending order of the appellate authorities, no provision has been made in these financial statements. Interest on certain claims may be payable as and when the outcome of the related claim is determined and has not been included above. |
||
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.55.38 |
|
|
1 |
Rs.86.75 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
60 |
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.