MIRA
INFORM REPORT
|
Report Date : |
11.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
INDIA HOME LOAN LIMITED |
|
|
|
|
Registered
Office : |
Modi House, 10, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.12.1990 |
|
|
|
|
Com. Reg. No.: |
11-059499 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 109.400
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L65910MH1990PLC059499 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM5101F |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is engaged in Housing Finance Business. |
|
|
|
|
No. of Employees
: |
18 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Rating reflects moderate financial risk profile due to low reserves. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with some caution.
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to political
corruption. High inflation, poor standard of living are to a great extent a
result of rampant corruption in the country. China on the other hand, seems to
be facing diametrically opposite challenge. American hedge fund manager Jim
Chanos has been keenly following the political and economic development in the
dragon economy and has figured out something that is quite worrying. He is of
the view that the Chinese economy could be heading toward trouble on account of
new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes that many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Non-Convertible Debenture = BB [Withdrawn] |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
March 28, 2014 |
Reason for withdrawn: No amount outstanding
under the issue.
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 PARTED BY
|
Name : |
Mr. Bharat Kumar Mandot |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-9325247999 |
|
Date : |
08.09.2014 |
LOCATIONS
|
Registered Office : |
Modi House, 10, Bora Masjid Street, Opposite Handloom
House, 1st Floor, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-40027962/ 64 |
|
Mobile No.: |
91-9325247999 [Mr. Bharat Kumar Mandot] |
|
Fax No.: |
91-22-40027963 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
504, Nirmal Ecstasy, 5th Floor, J.S. Dosa Road, Mulund [West], Mumbai – 400080, Maharashtra, India |
|
Tel. No.: |
91-22-25683354 |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
B-206, Ganesh Plaza Building, Near Navrangpura Post Office, Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Location : |
Rented |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Mahesh Pujara |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
C-2, 604, Lok Everest, J.S. Dosa Road, Mulund [West], Mumbai – 400080,
Maharashtra, India |
|
Date of Birth/Age : |
11.05.1955 |
|
Qualification : |
SSC |
|
Date of Appointment : |
21.08.2008 |
|
PAN No.: |
AFPPP1392A |
|
|
|
|
Name : |
Mr. Rishabh Siroya |
|
Designation : |
Director |
|
Address : |
10, Girnar Apartment, 10 Doonagarsey Road, Teenbatti, Wlakeshwar,
Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
25 Years |
|
Qualification : |
BSC, MBA |
|
Date of Appointment : |
21.08.2008 |
|
PAN No.: |
ABIPS0261J |
|
|
|
|
Name : |
Mr. Ashok Patel |
|
Designation : |
Director |
|
Address : |
1000 Donnalee Drive, Monroe MI 48162, USA |
|
Date of Birth/Age : |
14.12.1956 |
|
Qualification : |
Bachelor Degree
in Computer Engineering |
|
Expertise in
Specific Functional Area : |
Areas of
Networking and Computer Engineering |
|
Date of
Appointment : |
21.08.2008 |
|
PAN No.: |
AUDPP6935E |
|
|
|
|
Name : |
Mr. Anant Bhalotia |
|
Designation : |
Director |
|
Address : |
3rd Floor, Satlaj Terrace, 6, Walkeshwar Road, Opposite
Chowpatty, Bandstand, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1984 |
|
Qualification : |
BSC, MBA |
|
Date of Appointment : |
21.08.2008 |
|
PAN No.: |
AHGPB6765J |
|
|
|
|
Name : |
Mr. Subhash Patel |
|
Designation : |
Director |
|
Address : |
23A, Chandravilla Society, Near Deep Chambers, Manjalpur, Baroda –
390011, Gujarat, India |
|
Date of Birth/Age : |
01.06.1960 |
|
Qualification : |
FCA |
|
Expertise in
Specific Functional Area : |
Accounts,
Finance and Taxation |
|
Date of
Appointment : |
21.08.2008 |
|
PAN No.: |
ADFPP1273N |
|
|
|
|
Name : |
Mr. Mitesh Pujara |
|
Designation : |
Director |
|
Address : |
C-2, 604, Lok Everest, J.S. Dosa Road, Mulund [West], Mumbai – 400080,
Maharashtra, India |
|
Date of Birth/Age : |
03.07.1976 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
21.08.2008 |
|
PAN No.: |
AAKPP6640F |
|
|
|
|
Name : |
Mr. Ramesh Mishra |
|
Designation : |
Independent Director |
|
Address : |
62-B, Mira Sector III, Shristi, Mira Road (East), Thane – 401107,
Maharashtra, India |
|
Date of Birth/Age : |
41 Years |
|
Qualification : |
C.S. |
|
Date of Appointment : |
21.08.2008 |
|
|
|
|
Name : |
Mr. Bharat Merchant |
|
Designation : |
Independent Director |
|
Address : |
Suvarna Kalash, Flat A-17, Tarun Bharat Society, 49/52 Karanjiya Marg,
Chakala, Mumbai – 400099, Maharashtra, India |
|
Date of Birth/Age : |
12.02.1950 |
|
Qualification : |
P.G. B.A.O.B.M, O.T.I |
|
Expertise in
Specific Functional Area : |
Business,
International Institutional Finance |
|
Date of
Appointment : |
21.08.2008 |
|
PAN No.: |
ANGPM6837N |
|
|
|
|
Name : |
Mr. Paresh Khandelwal |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. Ganesh Ramanathan |
|
Designation : |
Director |
|
Address : |
B 180, IIT Campus, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
56 Years |
|
Qualification : |
ICWAI, LLB, MMS |
|
Date of Appointment : |
22.07.2012 |
|
PAN No.: |
ACKPR5277J |
|
|
|
|
Name : |
Mr. Miten Shroff |
|
Designation : |
Alternative Director |
|
Address : |
13/9, Aman Building, Vrindavan Society, N.S. Marg, Sion [West], Mumbai
– 400022, Maharashtra, India |
|
Date of Birth/Age : |
30 Years |
|
Qualification : |
Bachelor of Mass Media |
|
Date of Appointment : |
01.07.2013 |
KEY EXECUTIVES
|
Name : |
Mr. Bharat Kumar Mandot |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2014
|
Category of Shareholder |
Total No. of Shares |
As a % |
|
(A) Shareholding of Promoter
and Promoter Group |
|
|
|
|
|
|
|
|
6653149 |
60.81 |
|
|
6653149 |
60.81 |
|
|
|
|
|
Total shareholding of
Promoter and Promoter Group (A) |
6653149 |
60.81 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
10100 |
0.09 |
|
|
10100 |
0.09 |
|
|
|
|
|
|
319076 |
2.92 |
|
|
|
|
|
|
731655 |
6.69 |
|
|
3154127 |
28.83 |
|
|
71893 |
0.66 |
|
|
2210 |
0.02 |
|
|
69679 |
0.64 |
|
|
4 |
0.00 |
|
|
4276751 |
39.09 |
|
Total Public shareholding (B) |
4286851 |
39.19 |
|
Total (A)+(B) |
10940000 |
100.00 |
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
10940000 |
100.00 |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal share
capital up to Rs. 0.100 Million 
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Housing Finance Business. |
GENERAL INFORMATION
|
Customers : |
Housing Finance Company |
|
|
|
|
No. of Employees : |
18 (Approximately) |
|
|
|
|
Bankers : |
· HDFC Bank Limited IDBI Bank Limited ING Vysya Bank Limited Axis Bank Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G.P. Kapadia and Company Chartered Accountants |
|
Address : |
A Wing, 63-65, Mittal Towers, 210, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-22882027 |
|
Fax No.: |
91-22-40833458 |
|
E-Mail : |
|
|
|
|
|
Company in which KMP/
Relatives of KMP can exercise significant influence : |
Siroya Rishabh Developers |
CAPITAL STRUCTURE
AFTER 28.06.2014
Authorised Capital : Rs. 250.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 113.700
Millions
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24500000 |
Equity Shares |
Rs. 10/- each |
Rs. 245.000 Millions |
|
50000 |
Redeemable Preference Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10940000 |
Equity Shares |
Rs. 10/- each |
Rs. 109.400
Millions |
|
|
|
|
|
Reconciliation of the
number of shares and amount outstanding at the beginning and at the end of the
reporting period is as under
|
Particulars |
Current Year |
|
|
|
Number |
Rs. in Millions |
|
Equity shares outstanding as at the beginning of the reporting period |
10,940,000 |
109.400 |
|
Add: Shares issued during the year |
-- |
-- |
|
Less: Shares bought-back during the year |
-- |
-- |
|
Equity shares outstanding as at the end of the reporting period |
10,940,000 |
109.400 |
List of Shareholders holding
more than 5% of Paid-up Equity Share Capital
|
Class of
shares/Name of shareholder |
Current Year |
|
|
|
Number |
% age of shares held to total shares |
|
Ashok Shanabhai Patel |
1 ,232,810 |
11.27% |
|
Anant Arun Bhalotia |
9 96,500 |
9.11% |
|
Rishabh Pravin Siroya |
996,490 |
9.11% |
|
Mahesh Narsih Pujara |
817,150 |
7.46% |
|
Mitesh Mahesh Pujara |
632,455 |
5.78% |
|
Daksha Ashokbhai Patel |
600,000 |
5.48% |
The Company has only one class of shares referred to as equity shares having face value of Rs. 10 each. Each holder of equity share is entitled to one vote per share. The holders of equity shares are entitled to dividends, if any, proposed by the Board of Directors and approved by Shareholders at the Annual General Meeting.
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 |
109.400 |
109.400 |
109.400 |
|
(b) Reserves & Surplus |
3.344 |
(2.647) |
(6.786) |
|
(c) Equity Share Warrants |
45.563 |
45.563 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
158.307 |
152.316 |
102.614 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.750 |
8.375 |
|
(b)
Trade payables |
0.261 |
0.177 |
0.268 |
|
(c)
Other current liabilities |
0.069 |
0.055 |
0.024 |
|
(d) Short-term
provisions |
0.181 |
0.326 |
0.631 |
|
Total Current
Liabilities (4) |
0.511 |
1.308 |
9.298 |
|
|
|
|
|
|
TOTAL |
158.818 |
153.624 |
111.912 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2.817 |
0.643 |
0.645 |
|
(ii)
Intangible Assets |
0.090 |
0.066 |
0.004 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.530 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1.123 |
1.720 |
1.678 |
|
(d) Long-term Loan and Advances |
126.852 |
118.574 |
96.465 |
|
(e) Other Non-current
assets |
0.116 |
0.062 |
0.000 |
|
Total Non-Current
Assets |
131.528 |
121.065 |
98.792 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
8.022 |
9.103 |
5.766 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
4.706 |
2.808 |
3.007 |
|
(e)
Short-term loans and advances |
14.266 |
19.666 |
3.702 |
|
(f)
Other current assets |
0.296 |
0.982 |
0.645 |
|
Total
Current Assets |
27.290 |
32.559 |
13.120 |
|
|
|
|
|
|
TOTAL |
158.818 |
153.624 |
111.912 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
20.253 |
15.590 |
12.091 |
|
|
|
Other Income |
0.649 |
1.045 |
0.494 |
|
|
|
TOTAL (A) |
20.902 |
16.635 |
12.585 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Provision for Non-Performing Assets/( Write Back) |
(1.899) |
0.000 |
1.053 |
|
|
|
Employees benefits expense |
3.797 |
3.342 |
2.322 |
|
|
|
Other expenses |
10.347 |
7.694 |
5.240 |
|
|
|
TOTAL (B) |
12.245 |
11.036 |
8.615 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.657 |
5.599 |
3.970 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.199 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.458 |
5.599 |
3.970 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.349 |
0.262 |
0.171 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.109 |
5.337 |
3.799 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.118 |
1.198 |
3.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.991 |
4.139 |
0.299 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
0.55 |
0.38 |
0.03 |
|
|
|
Diluted
|
0.42 |
0.29 |
0.03 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2014 |
|
Type |
1st
Quarter |
|
Net Sales |
5.100 |
|
Total Expenditure |
3.600 |
|
PBIDT (Excl OI) |
1.500 |
|
Other Income |
0.200 |
|
Operating Profit |
1.600 |
|
Interest |
0.000 |
|
Exceptional Items |
0.000 |
|
PBDT |
1.600 |
|
Depreciation |
0.400 |
|
Profit Before Tax |
1.300 |
|
Tax |
0.100 |
|
Provisions and contingencies |
0.000 |
|
Profit After Tax |
1.200 |
|
Extraordinary Items |
0.000 |
|
Prior Period Expenses |
0.000 |
|
Other Adjustments |
0.000 |
|
Net Profit |
1.200 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
28.66 |
24.88 |
2.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
40.04 |
34.23 |
31.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.16 |
3.51 |
3.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.04 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
53.41 |
24.89 |
1.41 |
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 |
109.400 |
109.400 |
109.400 |
|
Reserves & Surplus |
(6.786) |
(2.647) |
3.344 |
|
Equity Share Warrants |
0.000 |
45.563 |
45.563 |
|
Net
worth |
102.614 |
152.316 |
158.307 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
8.375 |
0.750 |
0.000 |
|
Total
borrowings |
8.375 |
0.750 |
0.000 |
|
Debt/Equity ratio |
0.082 |
0.005 |
0.000 |
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 |
12.091 |
15.590 |
20.253 |
|
|
|
28.939 |
29.910 |
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 |
12.091 |
15.590 |
20.253 |
|
Profit |
0.299 |
4.139 |
5.991 |
|
|
2.47% |
26.55% |
29.58% |
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 |
Yes |
|
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 |
Yes |
|
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) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans from related parties Maximum Outstanding during the year Rs. 4.029 Millions (Previous Year : Rs. 8.375 Millions) |
0.000 |
0.750 |
|
|
|
|
|
Total |
0.000 |
0.750 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
BALANCE SHEET
[RS. IN MILLIONS]
|
SR. NO. |
PARTICULARS |
FY 2015 |
FY 2016 |
FY 2017 |
FY 2018 |
FY 2019 |
FY 2020 |
FY 2021 |
|
SOURCES OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity
Contribution |
|
|
|
|
|
|
|
|
|
1.01 |
Equity Share Capital |
113.700 |
213.700 |
213.700 |
413.700 |
413.700 |
613.700 |
613.700 |
|
|
|
|
|
|
|
|
|
|
|
1.02 |
Equity Warrants |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
1.03 |
Reserve and Surplus |
(2.227) |
7.310 |
21.331 |
43.763 |
72.685 |
109.007 |
147.081 |
|
|
|
|
|
|
|
|
|
|
|
1.04 |
Other Reserves |
67.391 |
69.775 |
73.280 |
78.888 |
86.119 |
95.199 |
104.717 |
|
|
|
|
|
|
|
|
|
|
|
Secured Loans |
|
|
|
|
|
|
|
|
|
2.01 |
NHB |
100.000 |
260.000 |
450.000 |
465.000 |
605.000 |
665.000 |
875.000 |
|
|
|
|
|
|
|
|
|
|
|
2.02 |
Banks |
100.000 |
260.000 |
450.000 |
465.000 |
605.000 |
665.000 |
875.000 |
|
|
|
|
|
|
|
|
|
|
|
2.03 |
Redeemable non-convertible debentures |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Unsecured Loans |
|
|
|
|
|
|
|
|
|
3.01 |
Unsecured loans |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
3.02 |
Deposits |
|
|
|
|
|
|
|
|
|
-Public Deposits |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
-Interest accrue and due |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
378.864 |
810.785 |
1208.311 |
1466.351 |
1782.504 |
2147.906 |
2615.498 |
|
|
|
|
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
Loan Portfolio |
|
|
|
|
|
|
|
|
|
5.01 |
Housing Loans |
|
|
|
|
|
|
|
|
|
-Individuals |
277.500 |
607.500 |
907.500 |
1102.500 |
1342.500 |
1620.000 |
1972.500 |
|
|
-Others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
5.02 |
Other loans |
|
|
|
|
|
|
|
|
|
-Individuals |
92.500 |
202.500 |
302.500 |
367.500 |
447.500 |
540.000 |
657.500 |
|
|
-Others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Investments |
|
|
|
|
|
|
|
|
|
6.01 |
G-Sec investments included Bank FDs |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
6.02 |
Debentures & Bonds |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
6.03 |
Equity Shares |
|
|
|
|
|
|
|
|
|
-Traded (Quoted) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
-Non Trade |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
|
|
|
|
|
|
|
|
|
7.01 |
Gross Block |
4.516 |
4.968 |
5.464 |
6.011 |
6.612 |
7.273 |
8.000 |
|
|
|
|
|
|
|
|
|
|
|
7.02 |
Accumulated Depreciation |
0.985 |
1.333 |
1.715 |
2.136 |
2.599 |
3.108 |
3.668 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Block |
3.531 |
3.635 |
3.749 |
3.875 |
4.013 |
4.165 |
4.332 |
|
|
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
|
|
|
8.01 |
Loans and advances |
0.655 |
0.655 |
0.655 |
0.655 |
0.655 |
0.655 |
0.655 |
|
|
|
|
|
|
|
|
|
|
|
8.02 |
Cash & Deposits |
7.992 |
3.441 |
4.181 |
4.511 |
3.482 |
2.176 |
3.929 |
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities |
|
|
|
|
|
|
|
|
|
9.01 |
Sundry Creditors |
1.484 |
1.781 |
2.074 |
2.488 |
2.986 |
3.583 |
4.300 |
|
|
|
|
|
|
|
|
|
|
|
9.02 |
Provision for NPL |
2.775 |
6.075 |
9.075 |
11.025 |
13.425 |
16.200 |
19.725 |
|
|
|
|
|
|
|
|
|
|
|
9.03 |
Other Short term provisions |
0.178 |
0.214 |
0.249 |
0.299 |
0.358 |
0.430 |
0.516 |
|
|
|
|
|
|
|
|
|
|
|
Deferred tax
assets |
1.123 |
1.123 |
1.123 |
1.123 |
1.123 |
1.123 |
1.123 |
|
|
|
|
|
|
|
|
|
|
|
|
Profit &
Loss Account (Debit) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
378.864 |
810.785 |
1208.311 |
1466.351 |
1782.504 |
2147.906 |
2615.498 |
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROFIT AND LOSS ACCOUNT
[RS. IN MILLIONS]
|
PARTICULARS |
FY 2015 |
FY 2016 |
FY 2017 |
FY 2018 |
FY 2019 |
FY 2020 |
FY 2021 |
|
|
|
|
|
|
|
|
|
|
A. Financial Income |
|
|
|
|
|
|
|
|
Interest on Housing Loan Portfolio |
27.072 |
58.631 |
96.581 |
123.113 |
143.644 |
166.641 |
193.097 |
|
Interest on LAP Portfolio |
11.897 |
30.606 |
51.763 |
67.838 |
81.500 |
97.516 |
116.756 |
|
Loan Facilitation Charges (Processing) |
2.256 |
4.400 |
4.000 |
2.600 |
3.200 |
3.700 |
4.700 |
|
Provision written back / Bad debts recovered |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
B. Financial Expenses |
|
|
|
|
|
|
|
|
Interest and Fees on Borrowed funds |
13.000 |
45.900 |
88.750 |
109.800 |
123.050 |
139.700 |
169.400 |
|
|
|
|
|
|
|
|
|
|
Net Financial Income (A - B) |
28.226 |
47.738 |
63.594 |
83.750 |
105.294 |
128.156 |
145.153 |
|
|
|
|
|
|
|
|
|
|
C. Treasury income |
|
|
|
|
|
|
|
|
Income from Investments |
0.329 |
0.539 |
0.224 |
0.261 |
0.271 |
0.209 |
0.131 |
|
Capital Gains (investments) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Dividend Income |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Miscellaneous Income |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
D. Operating Expenses |
|
|
|
|
|
|
|
|
Provision for Loan Losses-Housing portfolio |
(0.725) |
3.300 |
3.000 |
1.950 |
2.400 |
2.775 |
3.525 |
|
Finance charges |
2.000 |
5.200 |
9.000 |
9.300 |
12.100 |
13.300 |
17.500 |
|
Net Financial Margin |
27.280 |
39.777 |
51.817 |
72.761 |
91.064 |
112.290 |
124.259 |
|
|
|
|
|
|
|
|
|
|
Staff Expenses |
5.153 |
6.184 |
7.421 |
8.905 |
10.686 |
12.823 |
15.387 |
|
Other related expenses |
12.655 |
15.186 |
17.464 |
20.957 |
25.148 |
30.177 |
36.213 |
|
E. Staff Cost |
17.808 |
21.370 |
24.884 |
29.861 |
35.834 |
43.000 |
51.600 |
|
|
|
|
|
|
|
|
|
|
F. Depreciation and Amortization |
0.316 |
0.348 |
0.383 |
0.421 |
0.463 |
0.509 |
0.560 |
|
|
|
|
|
|
|
|
|
|
Total Operating
Costs (B + D + E + F) |
32.399 |
76.117 |
126.017 |
151.332 |
173.846 |
199.284 |
242.585 |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
9.156 |
18.059 |
26.551 |
42.479 |
54.768 |
68.781 |
72.098 |
|
|
|
|
|
|
|
|
|
|
Extraordinary Items |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Tax @33.99% (subject to MAT) |
3.112 |
6.138 |
9.025 |
14.439 |
18.616 |
23.379 |
24.506 |
|
|
|
|
|
|
|
|
|
|
Profit After Tax |
6.044 |
11.921 |
17.526 |
28.041 |
36.152 |
45.402 |
47.592 |
|
|
|
|
|
|
|
|
|
|
Profit brought forward |
(7.062) |
(2.227) |
7.310 |
21.331 |
43.763 |
72.685 |
109.007 |
|
|
|
|
|
|
|
|
|
|
Appropriations (transfer to special reserve) |
(1.209) |
(2.384) |
(3.505) |
(5.608) |
(7.230) |
(9.080) |
(9.518) |
|
|
|
|
|
|
|
|
|
|
Profit / (Loss) carried
forward |
(2.227) |
7.310 |
21.331 |
43.763 |
72.685 |
109.007 |
147.081 |
|
|
|
|
|
|
|
|
|
|
|
94.72 |
184.07 |
269.33 |
429.00 |
552.31 |
692.90 |
726.58 |
|
|
22.98% |
19.66% |
17.68% |
22.16% |
24.19% |
25.87% |
23.10% |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW
STATEMENT
[RS. IN MILLIONS]
|
PARTICULARS |
FY 2015 |
FY 2016 |
FY 2017 |
FY 2018 |
FY 2019 |
FY 2020 |
FY 2021 |
|
|
|
|
|
|
|
|
|
|
Profit after tax |
6.044 |
11.921 |
17.526 |
28.041 |
36.152 |
45.402 |
47.592 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
0.316 |
0.348 |
0.383 |
0.421 |
0.463 |
0.509 |
0.560 |
|
|
|
|
|
|
|
|
|
|
Provision for Loan losses |
(0.725) |
3.300 |
3.000 |
1.950 |
2.400 |
2.775 |
3.525 |
|
|
|
|
|
|
|
|
|
|
(Increase) / Decrease in Loan
portfolio |
(224.898) |
(443.300) |
(403.000) |
(261.950) |
(322.400) |
(372.775) |
(473.525) |
|
|
|
|
|
|
|
|
|
|
(Increase) / Decrease in
current assets |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Increase / (Decrease) in
current liabilities |
0.425 |
3.632 |
3.328 |
2.415 |
2.957 |
3.444 |
4.328 |
|
|
|
|
|
|
|
|
|
|
Cash flow from operating activities |
(218.839) |
(424.099) |
(378.763) |
(229.124) |
(280.427) |
(320.645) |
(417.520) |
|
|
|
|
|
|
|
|
|
|
(Increase)/Decrease in fixed
assets |
(0.411) |
(0.452) |
(0.497) |
(0.546) |
(0.601) |
(0.661) |
(0.727) |
|
|
|
|
|
|
|
|
|
|
(Increase)/Decrease in
Investment |
8.022 |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Cash flow from Investing activities |
7.612 |
(0.452) |
(0.497) |
(0.546) |
(0.601) |
(0.661) |
(0.727) |
|
|
|
|
|
|
|
|
|
|
Equity capital infused |
4.300 |
100.000 |
-- |
200.000 |
-- |
200.000 |
-- |
|
|
|
|
|
|
|
|
|
|
Brought forward losses and
reserves |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Equity warrants |
(45.563) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Securities Premium |
55.775 |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Term loan (net movement) |
200.000 |
320.000 |
380.000 |
30.000 |
280.000 |
120.000 |
420.000 |
|
|
|
|
|
|
|
|
|
|
Unsecured Loans |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Cash flow from Financing activities |
214.513 |
420.000 |
380.000 |
230.000 |
280.000 |
320.000 |
420.000 |
|
|
|
|
|
|
|
|
|
|
Net Cash flow |
3.286 |
(4.550) |
0.740 |
0.329 |
(1.028) |
(1.306) |
1.753 |
|
|
|
|
|
|
|
|
|
|
Opening Cash Balance |
4.706 |
7.992 |
3.441 |
4.181 |
4.511 |
3.482 |
2.176 |
|
|
|
|
|
|
|
|
|
|
Closing Cash Balance |
7.992 |
3.441 |
4.181 |
4.511 |
3.482 |
2.176 |
3.929 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL
INDICATORS
[RS. IN MILLIONS]
|
PARTICULARS |
FY 2015 |
FY 2016 |
FY 2017 |
FY 2018 |
FY 2019 |
FY 2020 |
FY 2021 |
|
|
|
|
|
|
|
|
|
|
Net Worth |
177.741 |
289.662 |
307.188 |
535.229 |
571.381 |
816.783 |
864.375 |
|
|
|
|
|
|
|
|
|
|
Total Operating Income |
41.226 |
93.638 |
152.344 |
193.550 |
228.344 |
267.856 |
314.553 |
|
|
|
|
|
|
|
|
|
|
PAT |
6.044 |
11.921 |
17.526 |
28.041 |
36.152 |
45.402 |
47.592 |
|
|
|
|
|
|
|
|
|
|
Gross Loan Portfolio Outstanding |
370.000 |
810.000 |
1210.000 |
1470.000 |
1790.000 |
2160.000 |
2630.000 |
|
|
|
|
|
|
|
|
|
|
Debt to equity |
1.12 |
1.79 |
2.92 |
1.73 |
2.11 |
1.63 |
2.02 |
|
|
|
|
|
|
|
|
|
|
Capital to Total Assets |
0.47 |
0.36 |
0.26 |
0.37 |
0.32 |
0.38 |
0.33 |
|
|
|
|
|
|
|
|
|
|
Return on Average Assets |
1.60% |
1.47% |
1.45% |
1.91% |
2.03% |
2.11% |
1.82% |
|
|
|
|
|
|
|
|
|
|
Loan Loss Provisions |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
|
|
|
|
|
|
|
|
|
|
Cash on Balance Sheet |
7.992 |
3.441 |
4.181 |
4.511 |
3.482 |
2.176 |
3.929 |
|
|
|
|
|
|
|
|
|
|
Term loan |
200.000 |
520.000 |
900.000 |
930.000 |
1210.000 |
1330.000 |
1750.000 |
------------------------------------------------------------------------------------------------------------------------------
REVENUE
ASSUMPTIONS
[RS. IN MILLIONS]
|
PARTICULARS |
FY 2015 |
FY 2016 |
FY 2017 |
FY 2018 |
FY 2019 |
FY 2020 |
FY 2021 |
|
|
|
|
|
|
|
|
|
|
Total expected portfolio |
370.000 |
810.000 |
1210.000 |
1470.000 |
1790.000 |
2160.000 |
2630.000 |
|
|
|
|
|
|
|
|
|
|
Loan Products |
|
|
|
|
|
|
|
|
Home Loan Portfolio |
277.500 |
607.500 |
907.500 |
1102.500 |
1342.500 |
1620.000 |
1972.500 |
|
|
|
|
|
|
|
|
|
|
Loan Size Growth Factor |
10% |
10% |
5% |
5% |
5% |
5% |
5% |
|
|
|
|
|
|
|
|
|
|
Housing Loan-1 |
75% |
75% |
75% |
75% |
75% |
75% |
75% |
|
|
|
|
|
|
|
|
|
|
Total Number of members
initially |
185.00 |
368.18 |
523.66 |
605.77 |
702.51 |
807.17 |
936.17 |
|
|
|
|
|
|
|
|
|
|
Average Loan Size per borrower |
1.500 |
1.650 |
1.733 |
1.820 |
1.911 |
2.007 |
2.107 |
|
|
|
|
|
|
|
|
|
|
Average Tenure (months) |
180 |
180 |
180 |
180 |
180 |
180 |
180 |
|
|
|
|
|
|
|
|
|
|
Diminishing Balance Interest Rate |
13.50% |
13.25% |
12.75% |
12.25% |
11.75% |
11.25% |
10.75% |
|
|
|
|
|
|
|
|
|
|
LAP Portfolio |
92.500 |
202.500 |
302.500 |
367.500 |
447.500 |
540.000 |
657.500 |
|
|
|
|
|
|
|
|
|
|
LAP Portfolio (% shares) |
25% |
25% |
25% |
25% |
25% |
25% |
25% |
|
|
|
|
|
|
|
|
|
|
No. of Borrowers |
61.67 |
122.73 |
174.55 |
201.92 |
234.17 |
269.06 |
312.06 |
|
|
|
|
|
|
|
|
|
|
LAP Loan Size Per Borrower |
1.500 |
1.650 |
1.733 |
1.820 |
1.911 |
2.007 |
2.107 |
|
|
|
|
|
|
|
|
|
|
Average Tenure (months) |
36 |
36 |
36 |
36 |
36 |
36 |
36 |
|
|
|
|
|
|
|
|
|
|
Diminishing Balance Interest Rate |
21.0% |
20.8% |
20.5% |
20.3% |
20.0% |
19.8% |
19.5% |
|
|
|
|
|
|
|
|
|
|
Provision-Housing Loans |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
|
|
|
|
|
|
|
|
|
|
Write Off |
0.25% |
0.25% |
0.25% |
0.25% |
0.25% |
0.25% |
0.25% |
|
|
|
|
|
|
|
|
|
|
Provision - LAP |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
|
|
|
|
|
|
|
|
|
|
Processing Fees as a % of Disbursement |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR.
MAHESH NARSHI PUJARA
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
(A) Nature of properties |
Agricultural Land Flat at Mulund Garage at Lok Housing No. 1 and 2 Shop at Purnima Building |
|
|
|
|
(B) Location |
Survey / House
No. |
|
Mumbai |
Property at Village Bhmuli, District Kheda |
|
Property at C-2/604, Lok Everest CHS Limited, Mulund [West] – 400080, Maharashtra,
India |
|
|
Property at Garage at Lok Housing No. 1 and 2, Mulund [West] – 400080,
Maharashtra, India |
|
|
Property at Shop at Purnima Building, Mulund [West] – 400080, Maharashtra, India |
|
|
|
|
|
(C) Property in whose name |
Self |
|
|
|
|
(D) Cost [at the time of purchases] |
Rs. 4.530 Millions |
|
|
|
|
(E) Present estimated market value of the properties |
Rs. 26.800 Millions |
|
|
|
|
(F) Whether encumbered/ un-encumbered/ Partially encumbered. If
encumbered, give details viz. with whom, consideration and major terms and
conditions |
Un-encumbered |
MOVABLE PROPERTY
Shares
/ Debentures etc.
|
Name of the Company |
Total Amount Rs. in Millions [Face Value] |
Whether fully paid [Yes/No] |
Current Market Value |
|
|
|
|
|
|
Various
Securities |
15.829 |
Yes |
15.829 |
|
VHCL Warrant |
1.275 |
No |
1.275 |
|
|
|
|
|
|
Total |
17.104 |
|
17.104 |
Term
Deposits
|
FDR/RD YSJY A/C |
Amount in Millions |
Maturity Value Rs. in Millions |
|
|
|
|
|
PPF A/c |
0.514 |
0.514 |
|
|
|
|
Investment
in Government Securities like Bonds/ NSC etc.
|
Class |
Amount in Millions |
|
Infrastructure Bond |
0.015 |
|
|
|
|
Details like Reg. No type and value of vehicle owned by me |
Rs. 1.285 Millions |
|
|
|
|
Capital invested in business name of Firm/ Company [As on latest
balance sheet date] |
Rs. 5.063 Millions [791650 Number of Shares at M.V. @ Rs. 52.00 i.e. Rs. 41.166 Millions] |
|
|
|
|
Full details of other investment if any, [i.e. Jewellery, Investment
in other firm, etc.] |
Rs. 1.271 Millions |
|
TOTAL OF ALL ASSETS |
RS. 29.782 MILLIONS |
DETAILS
OF LOANS IN INDIVIDUAL NAME/ FIRM’S NAME/ COMPANY’S NAME
|
Name of the Bank/ other Institution and its branch |
Not Applicable |
|
|
|
|
Purpose and amount of loan availed |
Car Loan |
|
|
|
|
Security and repayment schedule/ Rate of interest |
Not Applicable |
|
|
|
|
Present balance outstanding |
Rs. 0.460
Million |
|
|
|
|
Liabilities other than to Bank and Financial Institutions |
Rs. 17.575
Millions |
LEGAL
HEIRS
|
Sr. No. |
Name |
Relationship |
Age |
Present Address |
|
|
|
|
|
|
|
1. |
Mitesh M. Pujara |
Son |
37 Years |
C-2/604, Lok
Everest CHS Limited, Mulund [West] – 400080, Maharashtra, India |
|
|
|
|
|
|
|
2. |
Bhavin M. Pujara |
Son |
32 Years |
C-2/604, Lok
Everest CHS Limited, Mulund [West] – 400080, Maharashtra, India |
|
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR.
MITESH MAHESH PUJARA
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
(A) Nature of properties |
Shop at Lok Kedar Modi House Plot at Jalgaon |
|
|
|
|
(B) Location |
Survey / House
No. |
|
Mumbai |
Property at Lok Kedar, Mulund [West] - 400080, Maharashtra, India |
|
Property at Modi House, Mumbai - 400001, Maharashtra, India |
|
|
Property at Plot at Jalgaon |
|
|
|
|
|
|
|
|
(C) Property in whose name |
Self |
|
|
|
|
(D) Cost [at the time of purchases] |
Rs. 1.639 Millions |
|
|
|
|
(E) Present estimated market value of the properties |
Rs. 60.300 Millions |
|
|
|
|
(F) Whether encumbered/ un-encumbered/ Partially encumbered. If
encumbered, give details viz. with whom, consideration and major terms and conditions |
Un-encumbered |
MOVABLE PROPERTY
SHARES
/ DEBENTURES ETC.
|
Name of the Company |
Total Amount Rs. in Millions [Face Value] |
Whether fully paid [Yes/No] |
Current Market Value |
|
|
|
|
|
|
Various
Securities |
15.596 |
Yes |
15.596 |
|
VHCL Warrant |
1.275 |
No |
1.275 |
|
|
|
|
|
|
Total |
16.871 |
|
16.871 |
TERM
DEPOSITS
|
FDR/RD YSJY A/C |
Amount in Millions |
Maturity Value Rs. in Millions |
|
|
|
|
|
PPF A/c |
0.942 |
0.942 |
|
FD – Bank of
Baroda |
0.031 |
0.031 |
|
FD – HDFC Bank |
0.700 |
0.700 |
|
|
|
|
|
Total |
1.673 |
1.673 |
|
Details like Reg. No type and value of vehicle owned by me |
Rs. 0.023 Million |
|
|
|
|
Capital invested in business name of Firm/ Company [As on latest
balance sheet date] |
Rs. 3.938 Millions [632455 Number of Shares at M.V. @ Rs. 52.00 i.e. Rs. 32.888 Millions] |
|
|
|
|
Full details of other investment if any, [i.e. Jewellery, Investment
in other firm, etc.] |
Rs. 6.574 Millions |
|
TOTAL OF ALL ASSETS |
RS. 30.718 MILLIONS |
DETAILS
OF LOANS IN INDIVIDUAL NAME/ FIRM’S NAME/ COMPANY’S NAME
|
Name of the Bank/ other Institution and its branch |
Not Applicable |
|
|
|
|
Security and repayment schedule/ Rate of interest |
Not Applicable |
|
|
|
|
Liabilities other than to Bank and Financial Institutions |
Rs. 7.181
Millions |
LEGAL
HEIRS
|
Sr. No. |
Name |
Relationship |
Present Address |
|
|
|
|
|
|
1. |
Hemali Pujara |
Wife |
C-2/604, Lok
Everest CHS Limited, Mulund [West] – 400080, Maharashtra, India |
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
------------------------------------------------------------------------------------------------------------------------------
OPERATIONS:
The Revenue of the Company at Rs.20.902 Millions has shown an increase
of 25.65% as compared to Rs.16.635 Millions for the corresponding period in the
previous year. Profit before Tax is Rs. 8.111 Millions as compared to Rs.5.336
Millions in previous year.
THE YEAR
The Company is registered with National Housing Bank and Governed by NHB
Norms. During the year the NPA of the company has come down to Rs.5.768
Millions. The Company disbursed 34 loan applications amounting to Rs.48.385
Millions.
MANAGEMENT
DISCUSSIONS AND ANALYSIS REPORT
INDUSTRY STRUCTURE
AND DEVELOPMENTS
The Country continues to experience a slow growth in GDP and Business.
There was actual demand in the real estate sector but the demands were less.
The investors are not prominent in this segment during the year. Though there
were a large numbers of flats and residential accommodations were vacant still
real users were away from the market because of high cost. However, looking at
the size and opportunities, we see growth. The interest rates have inched
upwards followed by inflation. RBI is time to time making major adjustments in
interest rates to curb inflation.
OUTLOOK
RBI from time to time is revising Repo rates which are affecting
industry rates. Company is required to keep pace with existing Market rates.
Company is also planning to concentrate in interior areas to capture its market
share.
FIXED ASSETS:
Tangible Assets
· Computers and Printers
Furniture
and Fixtures
Office
Equipments
Air
Conditioner
Electrical
Fitting
Flooring
and Ceiling
Intangible Assets
· Computer Software
------------------------------------------------------------------------------------------------------------------------------
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. 60.83 |
|
|
1 |
Rs. 98.15 |
|
Euro |
1 |
Rs. 78.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.