MIRA INFORM REPORT
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Report No. : |
336283 |
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Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
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Name : |
INCLINE REALTY PRIVATE LIMITED |
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Registered
Office : |
Commerz, 3rd Floor, International Business Park, Oberoi Garden City, Off
W.E. Highway, Goregaon (East), Mumbai – 400063, Maharashtra |
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Tel. No.: |
91-22-66773333 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
25.03.2014 |
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Com. Reg. No.: |
11-255010 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U45400MH2014PTC255010 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCI5238A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged primarily in the business of real estate development. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of Oberoi Realty Limited (ORL). It is newly incorporated on March 25, 2014. It is engaged in real
estate business development. As per available financial of the year 2014, company has reported some
pre operating losses. However, due to strong recognition of its holding company OBL, future
prospects of the company might be right. The company can be considered for business dealings with fully safe
and secured 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long Term Non-Convertible Debenture = (AA+SO) |
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Rating Explanation |
High degree of safety and low credit risk. |
|
Date |
20.07.2015 |
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
31-03-2013.
INFORMATION DENIED
Management non co-operative (91-22-66773333)
LOCATIONS
|
Registered Office : |
Commerz, 3rd Floor, International Business Park, Oberoi Garden City, Off
W.E. Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
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Tel. No.: |
91-22-66773333 |
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Fax No.: |
91-22-66773334 |
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E-Mail : |
DIRECTORS
As on 20.08.2014
|
Name : |
Mr. Vikas Ranvir Oberoi |
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Designation : |
Director |
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Address : |
Plot No.70, 12th N S Road, J. V. P. D. Scheme, Juhu, Vile
Parle, Mumbai - 400049, Maharashtra,
India |
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Date of Birth/Age : |
08.09.1969 |
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Date of Appointment : |
25.03.2014 |
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DIN No.: |
00011701 |
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Name : |
Bindu Ranvir Oberoi |
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Designation : |
Director |
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Address : |
Plot No.70, 12th N S Road, J V P D Scheme, Juhu, Vile Parle, Mumbai - 400049, Maharashtra, India |
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Date of Birth/Age : |
20.08.1968 |
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Date of Appointment : |
25.03.2014 |
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DIN No.: |
00837711 |
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Name : |
Mr. Bherulal Dayalal Choudhary |
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Designation : |
Director |
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Address : |
Flat No. 301, Everest Chambers 332, Mount Pleasant Road,
Malabar Hill,, Mumbai - 400006, Maharashtra, India |
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Date of Birth/Age : |
03.05.1967 |
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Date of Appointment : |
05.04.2014 |
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DIN No.: |
00011905 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Dhondu Gaonkar |
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Designation : |
Manager |
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Address : |
A/403, Laxmi Krupa Chs,Shimpoli Road,, Chikuwadi, Borivali (West), Mumbai, 400092, Maharashtra, India |
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Date of Birth/Age : |
12.04.1977 |
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Date of Appointment : |
28.04.2014 |
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PAN No.: |
AHQPG2605L |
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Name : |
Mr. Bhaskar Sudarshan Kshirsagar |
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Designation : |
Secretary |
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Address : |
E-302, Globe Heights, Off Filmcity |
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Date of Birth/Age : |
18.06.1981 |
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Date of Appointment : |
05.04.2014 |
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PAN No.: |
ANRPK0820G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vikas Ranvir Oberoi |
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10 |
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Oberoi Realty Limited, India |
|
4999990 |
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Total |
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5000000 |
Equity Share Break up (Percentage of Total Equity)
As on 20.08.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged primarily in the business of real estate development. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Financial
Institution : |
Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,, Mumbai, Maharashtra - 400025, India |
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Auditors : |
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Name : |
P. Raj and Company Chartered Accountants |
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Address : |
3/1218 Navjivan Commercial Premises CHS Limited, Lamington Road, Mumbai-400008, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AANFP6200G |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Oberoi Realty Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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50,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
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As on 20.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
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|
31.03.2014 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
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0.100 |
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(b) Reserves & Surplus |
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(0.033) |
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(c) Money received against
share warrants |
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0.000 |
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(2) Share Application money
pending allotment |
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0.000 |
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Total
Shareholders’ Funds (1) + (2) |
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0.067 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
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0.000 |
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(b) Deferred tax liabilities
(Net) |
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0.000 |
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(c) Other long term
liabilities |
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0.000 |
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(d) long-term provisions |
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0.000 |
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Total
Non-current Liabilities (3) |
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0.000 |
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(4) Current Liabilities |
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(a) Short term borrowings |
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0.000 |
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(b) Trade payables |
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0.000 |
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(c) Other current liabilities |
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0.008 |
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(d) Short-term provisions |
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0.000 |
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Total
Current Liabilities (4) |
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0.008 |
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TOTAL |
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0.075 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
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0.000 |
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(ii) Intangible Assets |
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0.000 |
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(iii) Capital work-in-progress |
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0.000 |
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(iv) Intangible assets under
development |
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0.000 |
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(b) Non-current Investments |
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0.000 |
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(c) Deferred tax assets (net) |
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0.000 |
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(d) Long-term Loan and Advances |
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0.000 |
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(e) Other Non-current assets |
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0.000 |
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Total
Non-Current Assets |
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0.000 |
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(2) Current assets |
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(a) Current investments |
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0.000 |
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(b) Inventories |
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0.000 |
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(c) Trade receivables |
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0.000 |
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(d) Cash and cash equivalents |
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0.075 |
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(e) Short-term loans and
advances |
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0.000 |
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(f) Other current assets |
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0.000 |
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Total
Current Assets |
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0.075 |
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TOTAL |
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0.075 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
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|
31.03.2014 |
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SALES |
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Income |
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Other Income |
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TOTAL
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NA |
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Less |
EXPENSES |
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TOTAL
|
|
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0.033 |
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PROFIT/ (LOSS)
BEFORE TAX |
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(0.033) |
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Less |
TAX |
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0.000 |
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PROFIT/ (LOSS)
AFTER TAX |
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(0.033) |
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Earnings
/ (Loss) Per Share (Rs.) |
|
|
(3.26) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
31.03.2014 |
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Current Maturities of Long term debt |
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NA |
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Cash generated from operations |
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|
(0.024) |
KEY
RATIOS
|
PARTICULARS |
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|
31.03.2014 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
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(44.00) |
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Return on Investment (ROI) (PBT/Networth) |
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(0.49) |
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Debt Equity Ratio (Total Debt /Networth) |
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0.00 |
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Current Ratio (Current Asset/Current Liability) |
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|
9.38 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last one year |
No |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10509619 |
26/05/2015 * |
6,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,, Mumbai, Maharashtra - 400025, INDIA |
C56531189 |
*Date of charge modification
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.63.76 |
|
|
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ART |
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.