MIRA
INFORM REPORT
|
Report Date : |
26.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHAARC PROJECTS LIMITED |
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Registered
Office : |
309-C, Teesri Manjil, Megh Malhar Commercial Complex, Sector-11
Gandhinagar – 382011, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
09.06.2011 |
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Com. Reg. No.: |
04-065822 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.500 Millions |
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CIN No.: [Company Identification
No.] |
U45201GJ2011PLC065822 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS11444G |
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PAN No.: [Permanent Account No.] |
AAPCS9159L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Civil Contractors. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs arm
that ensures that companies file all the information required by the Companies
Act is the latest manifestation of a messy fight between a father and his
adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Kalpesh Mewada |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-79-23235970 |
|
Date : |
28.11.2014 |
LOCATIONS
|
Registered Office : |
309-C, Teesri Manjil, Megh Malhar Commercial Complex, Sector-11
Gandhinagar – 382011, Gujarat, India |
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Tel. No. : |
91-79-23235970 |
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Fax No. : |
Not Available |
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E-Mail : |
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Website : |
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Branch Office : |
Shop No.1, Doosri Manjil, Time Squre Building, Adajan Hazira Road, Surat 395009, Gujarat, India |
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Tel. No.: |
91-261-2735951 |
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E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rameshwar Rajbali Mishra |
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Designation : |
Director |
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Address : |
Plot-I 92, Sector-8, Gandhinagar – 382008, Gujarat, India |
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Date of Birth/Age : |
18.01.1966 |
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Date of Appointment : |
09.06.2011 |
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DIN No. : |
00548251 |
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Other
Directorship :
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Mithileshkumar Sureshchandra Tiwari |
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Designation : |
Director |
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Address : |
Opposite Jalaram Ro House, Guj. GEB Road, Surat – 395009, Gujarat,
India |
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Date of Birth/Age : |
16.07.1985 |
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Date of Appointment : |
09.06.2011 |
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DIN No. : |
02319662 |
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Other
Directorship :
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Name : |
Mr. Arvindkumar Anirudhaprasad Singh |
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Designation : |
Director |
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Address : |
63311, Plot No 491 thi 700 Sector-7B, Gandhinagara – 382007, Gujarat,
India |
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Date of Birth/Age : |
18.12.1967 |
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Date of Appointment : |
09.06.2011 |
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DIN No. : |
02443563 |
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Other
Directorship :
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Name : |
Mr. Ajesh Kumar |
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Designation : |
Director |
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Address : |
497F (8121 3A), Anu Niwas, 12, Neelikulam, Kulasekhara Puram, Kollam –
690544, Kerala, India |
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Date of Birth/Age : |
23.05.1983 |
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Date of Appointment : |
09.06.2011 |
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DIN No. : |
03537573 |
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Chiranjivi Rameshwar Mishra |
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Designation : |
Director |
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Address : |
Plot No – 81/A, Sector-8, Gandhinagar - 382007, Gujarat, India |
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Date of Birth/Age : |
15.11.1993 |
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Date of Appointment : |
28.09.2012 |
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DIN No. : |
05146844 |
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Other Directorship
:
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Name : |
Sneha Rameshwar Mishra |
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Designation : |
Director |
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Address : |
Plot No - 8, Sector-8, Gandhinagar – 382008, Gujarat, India |
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Date of Birth/Age : |
22.02.1992 |
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Date of Appointment : |
28.09.2012 |
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DIN No. : |
05146853 |
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Other
Directorship :
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Name : |
Priti Rameshwar Mishra |
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Designation : |
Director |
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Address : |
Plot No - 8, Sector-8, Gandhinagar – 382008, Gujarat, India |
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Date of Birth/Age : |
14.12.1989 |
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Date of Appointment : |
28.09.2012 |
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DIN No. : |
05160803 |
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Kalpesh Mewada |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Mithileshkumar Sureshchandra Tiwari |
500 |
0.08 |
|
Ajesh Kumar |
500 |
0.08 |
|
Arvindkumar Anirudhaprasad Singh |
500 |
0.08 |
|
Rameshwar Rajbali Mishra |
647000 |
99.54 |
|
Priti Rameshwar Mishra |
500 |
0.08 |
|
Sneha Rameshwar Mishra |
500 |
0.08 |
|
Chiranjivi Rameshwar Mishra |
500 |
0.08 |
|
Total |
650000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Civil Contractors. |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Axis Bank Limited, Rac Ahmedabad, Cv/ Ce Department, 4th Floor, Shivalik Ishan, Near C. N. Vidhyalaya, Ambawadi, Ahmedabad - 380006, Gujarat, India Kotak
Mahindra Bank Limited, 36-38a, Nariman Bhavan, 227, D, Nariman Point, Mumbai
- 400021, Maharashtra, India Punjab
National Bank, Sector-16 Branch, Sector-16, Gandhinagar - 382016, Gujarat,
India · HDFC Bank Limited Indusind
Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institutions : |
· Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India Bajaj
Finance Limited Religare
Finvest Limited Shriram
City Union Finance Limited |
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|
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Auditors : |
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|
Name : |
Agarwal Goyal and Company Chartered Accountants |
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Address : |
A/2009-10, Shiv Krupa Textile Market, Ring Road, Surat – 395002, Gujarat, India |
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Tel. No. : |
91-261-2475109/ 6501244 |
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Mobile No. : |
91-9328784084 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFA5109H |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
650,000 |
Equity Shares |
Rs.10/- each |
Rs. 6.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
6.500 |
6.500 |
6.500 |
|
(b) Reserves & Surplus |
25.628 |
11.455 |
3.052 |
|
(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) |
32.128 |
17.955 |
9.552 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
39.619 |
31.397 |
9.266 |
|
(b) Deferred tax liabilities (Net) |
3.198 |
1.785 |
0.290 |
|
(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) |
42.817 |
33.182 |
9.556 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
16.125 |
4.491 |
0.000 |
|
(b) Trade payables |
65.316 |
51.518 |
36.230 |
|
(c) Other current
liabilities |
4.373 |
6.409 |
2.673 |
|
(d) Short-term provisions |
6.403 |
6.549 |
3.509 |
|
Total Current Liabilities (4) |
92.217 |
68.967 |
42.412 |
|
|
|
|
|
|
TOTAL |
167.162 |
120.104 |
61.520 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
63.169 |
49.808 |
11.696 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.122 |
0.152 |
0.190 |
|
Total Non-Current Assets |
63.291 |
49.960 |
11.886 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
11.266 |
9.189 |
11.620 |
|
(c) Trade receivables |
87.168 |
56.864 |
31.780 |
|
(d) Cash and cash
equivalents |
0.482 |
0.380 |
0.928 |
|
(e) Short-term loans and
advances |
4.955 |
3.711 |
5.306 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
103.871 |
70.144 |
49.634 |
|
|
|
|
|
|
TOTAL |
167.162 |
120.104 |
61.520 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
292.174 |
313.083 |
110.257 |
|
|
|
Other Income |
1.101 |
0.332 |
0.001 |
|
|
|
TOTAL (A) |
293.275 |
313.415 |
110.258 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-Trade |
224.483 |
256.485 |
44.555 |
|
|
|
Changes in Inventories of Finished Goods, Work-in-Progress
and Stock-in-Trade |
(2.078) |
2.431 |
(11.620) |
|
|
|
Employee Benefits Expense |
18.992 |
18.275 |
9.750 |
|
|
|
Other Expenses |
22.611 |
16.224 |
62.228 |
|
|
|
Prior Period Items |
0.061 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
264.069 |
293.415 |
104.913 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
29.206 |
20.000 |
5.345 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.051 |
2.551 |
0.788 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
23.155 |
17.449 |
4.557 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.670 |
2.725 |
0.140 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
19.485 |
14.724 |
4.417 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.312 |
6.321 |
1.365 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
14.173 |
8.403 |
3.052 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
21.80 |
12.93 |
4.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.85 |
2.68 |
2.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.00 |
6.39 |
4.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.66 |
12.26 |
7.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.61 |
0.82 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.74 |
2.00 |
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.02 |
1.17 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
6.500 |
6.500 |
6.500 |
|
Reserves & Surplus |
3.052 |
11.455 |
25.628 |
|
Net
worth |
9.552 |
17.955 |
32.128 |
|
|
|
|
|
|
long-term borrowings |
9.266 |
31.397 |
39.619 |
|
Short term borrowings |
0.000 |
4.491 |
16.125 |
|
Total
borrowings |
9.266 |
35.888 |
55.744 |
|
Debt/Equity
ratio |
0.970 |
1.999 |
1.735 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
110.257 |
313.083 |
292.174 |
|
|
|
183.957 |
(6.678) |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
110.257 |
313.083 |
292.174 |
|
Profit |
3.052 |
8.403 |
14.173 |
|
|
2.77% |
2.68% |
4.85% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10512952 |
25/07/2014 |
1,970,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAW G |
C15040637 |
|
2 |
10512333 |
10/07/2014 |
7,801,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
C14676936 |
|
3 |
10509853 |
26/06/2014 |
735,000.00 |
PUNJAB NATIONAL BANK |
SECTOR-16 BRANCH,
SECTOR-16, GANDHINAGAR, GUJARAT |
C11916228 |
|
4 |
10509019 |
22/06/2014 |
3,900,000.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
C11295045 |
|
5 |
10493603 |
19/04/2014 |
746,000.00 |
PUNJAB NATIONAL BANK |
SECTOR-16 BRANCH, SECTOR-16, GANDHINAGAR, GUJARAT - 382016, INDIA |
C04341392 |
|
6 |
10473514 |
13/12/2013 |
1,967,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B94684974 |
|
7 |
10460155 |
25/10/2013 |
6,595,500.00 |
AXIS BANK LIMITED |
RAC AHMEDABAD, CV/ CE DEPARTMENT, 4TH FLOOR, SHIVALIK ISHAN, NR. C. N. VIDHYALAYA, AMBAWADI, AHMEDABAD, GUJARAT - 380006, INDIA |
B89512545 |
|
8 |
10386653 |
30/10/2012 |
2,064,000.00 |
AXIS BANK LIMITED |
RAC AHMEDABAD, CV/
CE DEPARTMENT, 4TH FLOOR, SHIV |
B62120696 |
|
9 |
10384085 |
19/02/2014 * |
50,000,000.00 |
PUNJAB NATIONAL BANK |
SECTOR-16 BRANCH,
SECTOR-16, GANDHINAGAR, GUJARAT |
B97034094 |
|
10 |
10379225 |
28/08/2012 |
657,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B59179994 |
|
11 |
10380623 |
28/08/2012 |
657,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B59719088 |
|
12 |
10349297 |
23/03/2012 |
1,100,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B37454378 |
|
13 |
10332761 |
18/08/2011 |
20,000,000.00 |
PUNJAB NATIONAL BANK |
SECTOR-16, GANDHINAGAR, GUJARAT - 382016, INDIA |
B25061912 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances
from Related Parties |
|
|
|
Directors Rameshwar Mishra |
0.000 |
0.406 |
|
Other S.R. Industrial Infra (India) Private Limited |
9.567 |
19.086 |
|
|
|
|
|
Others |
|
|
|
Grasim Mob |
0.000 |
2.675 |
|
Total |
9.567 |
22.167 |
CORPORATE
INFORMATION
Subject is a public limited company incorporated on 09.06.2011 under the
provisions of the Companies Act, 1956. The company is engaged in the business of Civil Contractors.
OPERATION
During the year 2013-14, the company has total income of Rs. 293.275 Millions as compared to Rs. 313.415 Millions for the previous year 2012-13. Company has made a net profit of Rs. 14.173 Millions for the year ended on 31.03.2014 as compared to Rs. 8.403 Millions in the year 2012-13. The directors expects improved results in the years to come.
FIXED ASSETS
· Plant and Machinery
Office
Equipments
Computer
Equipments
Furniture
and Fixtures
Motor
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 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 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.61.97 |
|
|
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.