MIRA INFORM REPORT

 

 

Report No. :

306579

Report Date :

05.02.2015

 

IDENTIFICATION DETAILS

 

Name :

SHAPOORJI PALLONJI AND COMPANY PRIVATE LIMITED (w.e.f. 03.09.2014)

 

 

Formerly Known As :

SHAPOORJI PALLONJI AND COMPANY LIMITED

 

 

Registered Office :

70, Nagindas Master Road, Fort, Mumbai – 400 023, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

23.01.1943

 

 

Com. Reg. No.:

11-003812

 

 

Capital Investment / Paid-up Capital :

Rs.2050.204 Millions

 

 

CIN No.:

[Company Identification No.]

U45200MH1943PTC003812

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS39398C/ MUMS39389A

 

 

PAN No.:

[Permanent Account No.]

AAACS6994C/ AAACS9383H

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Civil Construction Activity

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (66)

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

Comments :

Subject is a well-established company having fine track record.

 

The rating reflects company’s proven track record in the construction, infrastructure and real estate space supported by healthy financial base and adequate profitability margins of the company.

 

Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment.

 

The company can be considered good for normal 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.

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

ICRA

Rating

Fund Based Limits: AA+

Rating Explanation

High degree of safety and very low credit risk.

Date

December 2014

 

Rating Agency Name

ICRA

Rating

Non Fund Based Limits: A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk.

Date

December 2014

 

 

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

 

MANAGEMENT - NON COOPERATIVE (91-22-22871040)

 

LOCATIONS

 

Registered Office :

70, Nagindas Master Road, Fort, Mumbai – 400 023, Maharashtra, India

Tel. No.:

91-22-22871040

Fax No.:

91-22-66338176

E-Mail :

kunal.antani@shapoorji.com

prachi.kelkar@shpoorji.com

ganesh.iyer@shapoorji.com

Website :

http://www.shapoorji.in

 

 

Head/ Administrative  Office/ Construction Division/ EPC Division 2/ Real Estate Division :

Shapoorji Pallonji Centre, 41/44, MINOO Desai Marg, Colaba, Mumbai – 400 005, Maharashtra, India

Tel. No.:

91-22-22871040/ 41/ 22870197/ 67490000

Fax No.:

91-22-66338176

E-Mail :

rahul@bom2.vsnl.net.in

kunal.antani@shapoorji.com

roshen@shapoorji.com

 

 

Corporate Office :

36, 2nd Floor, 1st Main Road, CIT Nagar, Above SBI Bank, Chennai, Tamilnadu, India

Tel. No.:

91-44-24341555

 

 

EPC Division 2 :

Mira Tower, 2nd Floor, DN-27, Sector V, Salt Lake, Kolkata – 700 091, West Bengal, India

Tel No.:

91-33-66111200

Fax No.:

91-33-23675248/ 66336442

Email :

atanu.ranjan@shapoorji.com (Mr. Atanu Ranjan)

 

 

Design and Build Division :

Contractor Building, Basement, Ramjeebhai Kamani Marg, Ballard Estate, Mumbai – 400 038, Maharashtra, India

Tel No.:

91-22-66233600

Fax No.:

91--22-66233563

Email :

paras.vishwakarma@shapoorji.com  (Mr. Vishvakarma)

 

 

Human Resources Department :

Gresham House, 4th Floor, Sir PM Road, Fort, Mumbai – 400 001,
Maharashtra, India

Tel. No.:

91-22-67490000

Fax No.:

91-22-22662997

Email :

hrd@shapoorji.com

 

 

Showroom :

54, Abdul Rehman Street, Mumbai – 400 003, Maharashtra, India

Tel. No.:

91-22-23421770

Fax No.:

91-22-23421517

 

 

Design and Build Office :

Design and Build Contractor Building, 1st Floor, Ramjibhai Kamani Marg, Ballared estate, Mumbai – 400 038, Maharashtra, India

Tel No.:

91-22-66233500 

Fax No.:

91-22-66233533

 

 

Regional Offices :

Located at:

 

·         Ahmedabad

·         Bangalore

·         Chennai

·         Delhi

·         Hyderabad

·         Kolkata

·         Mumbai

·         Nagpur

·         Nasik

·         Pune

 

 

Overseas Office:

Located at:

 

·         Dubai

·         Abu Dhabi

·         Kuwait

·         Algeria

·         Ghana

·         Saudi

·         Qatar

·         Libya

·         Sri Lanka

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Shapoor Pallonji Mistry

Designation :

Managing Director

Address :

Sterling Bay, 103, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

06.09.1964

Qualification :

B.A. (England) Business and Economics Richmond College, London

Date of Appointment :

29.09.2009

DIN No.:  

00010114

PAN No.:

AAEPM2061M

 

 

Name :

Mr. Khushroo Burjor Captain

Designation :

Director

Address :

D/4, Palm Springs, 157, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

24.04.1930

Qualification :

B.A. LLB

Date of Appointment :

18.07.1984

DIN No.:  

00007518

 

 

Name :

Mr. Firoze Kavshah Bhathena

Designation :

Whole Time Director

Address :

C/203, Shapoorji Pallonji Mistry Building, Dr. D.K. Shirodkar Road, Parel, Mumbai – 400 012, Maharashtra, India

Date of Birth/Age :

18.07.1948

Qualification :

B. Com., M. Com

Date of Appointment :

31.08.2009

DIN No.:  

00010075

 

 

Name :

Kekoo Homji Colah

Designation :

Whole Time Director

Address :

10, 2nd Floor, Meher Building, Opposite Dady Seth Road, Chowpatty, Mumbai – 400 007, Maharashtra, India

Date of Birth/Age :

03.10.1953

Date of Appointment :

29.09.2012

DIN No.:  

00377478

 

 

Name :

Jai Laxmikant Mavani

Designation :

Whole Time Director

Address :

G-401, Royal Classic, Next to Fame Adlabs, New Link Road, Andheri (West), Mumbai – 400 058, Maharashtra, India

Date of Birth/Age :

04.09.1971

Date of Appointment :

29.09.2012

DIN No.:  

05260191

 

 

Name :

Mr. Subodh handra Dixit

Designation :

Whole Time Director

Address :

34/B, Navroj Appartment, Nargis Dutt Road, Pali Hill, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

28.12.1955

Date of Appointment :

06.12.2013

DIN No.:  

05281102

 

 

Name :

Mr. Mohan Dass Saiini

Designation :

Director

Address :

502, Crescent Height, Off Forjet St Opposite Bhatia Hospital, Tardeo, Mumbai – 400034, Maharashtra, India

Date of Birth/Age :

04.08.1954

Date of Appointment :

28.04.2014

DIN No.:  

05260237

 

 

KEY EXECUTIVES

 

Name :

Mr. Roshen Minocher Nentin

Designation :

Secretary

Address :

King’s Building, Dr. Ambedkar Road, Parel, Mumbai – 400 012, Maharashtra, India 

Date of Birth/Age :

12.12.1952

Date of Appointment :

20.10.1978

PAN No.:

AAAPN6921F

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 

No. of Equity Shares

No. of Preferences Shares

Shapoor Pallonji Mistry

1081100

50000100

Cyrus Pallonji Mistry

1081100

50000100

Sterling Investment Corporation Private Limited, India

1346100

--

Cyrus Investments Limited, India

1346100

--

SC Finance and Investments Private Limited, India

50080900

--

SP Finance Private Limited, India

50080900

--

Blue Arrow Finance Company Private Limited , India

4000

--

TOTAL

105020200

100000200

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Bodies corporate

97.94

Directors or relatives of Directors

2.06

Total

100.00

 

BUSINESS DETAILS

 

Line of Business :

Civil Construction Activity

 

 

Products :

Item Code No. (ITC Code)

99531211

Product Description

Buildings used for production (This includes buildings used for assembly activities of industrial establishments).

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

·         Deutsche Bank AG, 222, Kodak House, D.N. Road, Fort, Mumbai – 400 001, Maharashtra, India

 

·         The Zoroastrian Co-Operative Bank Limited, Mumbai Main Branch, Yusuf Building, Ground Floor, V.N. Road, Fort, Mumbai – 400 001, Maharashtra, India

 

·         ICICI Limited, C-15, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India

 

·         Kotak Mahindra Bank Limited, 36-38a, Nariman Bhavan, 227,D, Nariman Point,, Mumbai - 400021, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Millions)

31.03.2013

(Rs. in Millions)

Long-term Borrowings

 

 

Rupee term loans from banks

59.425

78.427

Rupee term loans from others

8750.000

8500.000

Short-term borrowings

 

 

Loans repayable on demand from banks

785.524

173.776

Total

9594.949

8752.203

 

 

 

Banking Relations :

--

 

 

Financial Institution :

SREI Equipment Finance Private Limited, Vishwakarma, 86C, Topsia Road, Kolkata-700046, West Bengal, India

 

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

Tower 3, 27th - 32nd Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Eliphinstone (West), Mumbai -400013, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AADFD2337G

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiaries:
  • Abhipreet Trading Private Limited
  • Mileage Properties Private Limited
  • Acreage Farm Private Limited
  • Miracletouch Developers Private Limited
  • Afcons (Overseas) Construction and Investments Private Limited
  • Neil Properties Private Limited
  • Afcons Construction Mideast LLC
  • Next Gen Publishing Limited
  • Afcons Corrosion Protection Private Limited.
  • Nuevo Consultancy Services Limited
  • Afcons Gulf International Project Services FZE
  • Nursery Projects and Agri Development Private Limited.
  • Afcons Gunanusa Joint Venture
  • Ophira Properties Private Limited
  • Afcons Infrastructure International Limited. (merged with Afcons Infrastructure Limited.w.e.f. January 1, 2014)
  • Palchin Real Estates Private Limited
  • Afcons Infrastructure Kuwait for Building, Road and Marine Contracting WLL
  • Phenomenon Developers Private Limited
  • Afcons Infrastructure Limited
  • Praddin Energy Private Limited. (w.e.f December 26, 2013)
  • Afcons Madagsacar Overseas SARL. (upto August 30,2013)
  • Precaution Properties Private Limited
  • Afcons Mauritius Infrastructure Limited (w.e.f. July 29, 2013)
  • PT. Nusantara Global Resources.
  • Afcons Offshore and Marine Services Private Limited
  • Radiant Energy Systems Private Limited
  • Afcons Overseas Construction LLC
  • Range Consultants Private Limited
  • Afcons Overseas Singapore Pte Limited. (w.e.f. March 27, 2014)
  • Relationship Properties Private Limited
  • Alaya Properties Private Limited
  • Renaissance Commerce Private Limited
  • Aquadiagnostics Water Research and Technology Centre Limited
  • S C Motors Private Limited
  • Aquamall Water Solutions Limited
  • S D Suburban Development Private Limited
  • Archaic Properties Private Limited
  • S. C. Impex Private Limited
  • Arena Stud Farm Private Limited
  • S.P. Biosciences Private Limited
  • Ricardo Construction Private Limited (Formerly Bengal Shapoorji Business Parks Private Limited)
  • Samalpatti Power Company Private Limited
  • Bengal Shapoorji Infrastructure Development Private Limited.
  • Shachin Real Estate Private Limited
  • Blue Riband Properties Private Limited
  • Shapoorji and Company (Partnership Firm) (upto March 27, 2014)
  • Chinsha Property Private Limited
  • Shapoorji and Co Private Limited (upto March 27, 2014)
  • Cosima Properties Private Limited
  • Shapoorji Data Processing Private Limited
  • Cyrus Engineers Private Limited
  • Shapoorji Pallonji Projects Private Limited (Formerly Shapoorji Drilling Enterprise Private Limited)
  • Dahej Standby Jetty Project Undertaking
  • Shapoorji Hotels Private Limited
  • Delna Finance and Investments Private Limited
  • Shapoorji Pallonji Ports Private Limited
  • Delphi Properties Private Limited
  • Shapoorji Pallonji Power Company Limited
  • Devine Realty and Construction Private Limited
  • Shapoorji Pallonji (Gwalior) Private Limited (upto March 27, 2014)
  • Dhan Gaming Solution (India) Private Limited.
  • Shapoorji Pallonji Cement (Gujarat) Private Limited
  • Doris Properties Private Limited
  • Shapoorji Pallonji Energy (Gujarat) Private Limited
  • Drashti Developers Private Limited
  • Shapoorji Pallonji Finance Limited
  • E4 Development and Coaching Limited
  • Shapoorji Pallonji Ghana Limited
  • East View Estates Private Limited
  • Shapoorji Pallonji Industrial Park Private Limited (Upto June 5,2013)
  • EFL Mauritius Limited
  • Shapoorji Pallonji Infrastructure (Gujarat) Private Limited
  • Empower Builder Private Limited
  • Shapoorji Pallonji Infrastructure Capital Company Limited
  • ESPI Holdings Mauritius Limited (w.e.f. March 28, 2014)
  • Shapoorji Pallonji International, Dafza. UAE
  • Eureka Forbes Limited
  • Shapoorji Pallonji International, Fujairah. UAE
  • Euro Forbes Financial Services Limited.
  • Shapoorji Pallonji Investment Advisors Private Limited
  • Euro Forbes International Pte Limited
  • Shapoorji Pallonji Lanka (Private) Limited (w.e.f. May 28, 2013)
  • Euro Forbes Limited. Dubai
  • Shapoorji Pallonji Libya JSC. Libya
  • Euro Forbes Mauritius Limited (upto December 20, 2013)
  • Shapoorji Pallonji Mid-East LLC
  • Fayland Estates Private Limited
  • Shapoorji Pallonji Nigeria Limited
  • Firstrock Infrastructures Private Limited
  • Shapoorji - Aecos Construction Private Limited(Formerly
  • Shapoorji Pallonji Pipelines and Engineering Company Private Limited)
  • Flamboyant Developers Private Limited
  • Shapoorji Pallonji Qatar WLL
  • Flooraise Developers Private Limited
  • Shapoorji Pallonji Roads Private Limited
  • Floral Finance Private Limited
  • Shapoorji Pallonji Solar PV Private Limited
  • Floreat Investments Limited
  • Sharus Building Services India Private Limited
  • Flotilla Finance Private Limited
  • Sharus Steels Products Private Limited(w.e.f. September 20,2013)
  • Forbes and Company Limited
  • Simar Energy (Gujarat) Private Limited
  • Forbes Bumi Armada Limited
  • Simar Port Private Limited
  • Forbes Bumi Armada Offshore Limited
  • SP Advanced Engineering Materials Private Limited
  • Forbes Campbell Finance Limited
  • SP Agri Management Services Private Limited
  • Forbes Campbell Services Limited
  • SP Aluminium System Private Limited
  • Forbes Container Lines Pte Limited
  • SP Architectural Coatings Private Limited
  • Forbes Edumetry Limited
  • SP Armada Oil Exploration Private Limited
  • Forbes Enviro Solutions Limited
  • SP Biofuel Ventures Private Limited
  • Forbes Facility Services Private Limited
  • SP Fabricators Private Limited
  • Forbes Lux FZCO
  • S P Global Operations Limited. UK (w.e.f. March 21, 2014)
  • Forbes Lux Group AG (w.e.f. June 5, 2013)
  • SP Infocity Developers Private Limited
  • Forbes Lux International AG (w.e.f. May 23. 2013)
  • SP International Property Developer LLC (w.e.f. Sept 17, 2013)
  • Forbes Technosys Limited
  • SP International. Cayman Island
  • Forbesline Shipping Services LLC
  • SP Jammu Udhampur Highway Private Limited.
  • Forvol International Service Limited
  • SP Nano Products Private Limited
  • Gallops Developers Private Limited
  • SP Oil Exploration Private Limited
  • Global Resource and Logistics Pte. Limited.
  • SP Ports Private Limited
  • Gokak Power and Energy Limited
  • SP Properties Holding Limited. (w.e.f. May 6, 2013)
  • Gokak Textiles Limited
  • SP Projects Kaz LLP (w.e.f. January 8, 2014)
  • Gossip Properties Private Limited
  • SPCL Holdings Pte Limited (w.e.f. November 23, 2013)
  • GRL Mozambique S A
  • SPCL Projects Pte Limited. (w.e.f. November 23, 2013)
  • Hazarat and Co Private Limited
  • Steppe Developers Private Limited
  • Hermes Commerce Limited
  • Sterling and Wilson Electromechanical LLC
  • High Point Properties Limited
  • Sterling and Wilson Engineering (Pty) Limited. (w.e.f October 11, 2013)
  • Khvafar Investments Private Limited
  • Sterling and Wilson International FZE
  • Khvafar Property Developers Private Limited
  • Sterling and Wilson Limited
  • Lucrative Properties Private Limited
  • Sterling and Wilson Management Consultants Bahrain WLL
  • Lux (Deutschland) GmbH (w.e.f. June 5, 2013)
  • Sterling and Wilson Middle East Electromechanical LLC
  • Lux /SK/s.r.o. (w.e.f. June 5, 2013)
  • Sterling and Wilson Middle East Sanitation, Electrical,
  • Cooling and Conditioning Contracting Limited Liability
  • Company - Kuwait
  • Lux CZ s.r.o. (w.e.f. June 5, 2013)
  • Sterling and Wilson Middle East WLL Lux Hungária Kereskedelmi Kft. (w.e.f. June 5, 2013)
  • Sterling and Wilson Powergen Private Limited
  • Lux Interantional AG (w.e.f. June 5, 2013)
  • Sterling and Wilson Singapore Pte Limited (w.e.f. December 27, 2013)
  • Lux Italia srl (w.e.f. June 5, 2013)
  • Sterling and Wilson Co-Gen Solutions Private Limited
  • Lux Norge A/S (w.e.f. June 5, 2013)
  • Sterling and Wilson Security Systems Private Limited. (w.e.f. August 8, 2013)
  • Lux Oesterreich GmbH (w.e.f. June 5, 2013)
  • Sterling Wilson Khazagastan, LLP (w.e.f. March 18, 2014)
  • Lux Schweiz AG (w.e.f. June 5, 2013)
  • Sterling Generators Private Limited
  • Lux Service GmbH (w.e.f. June 5, 2013)
  • Sunny View Estates Private Limited
  • Magpie Finance Private Limited
  • Think Ahead Properties Private Limited
  • Make Home Realty and Construction Private Limited
  • TN Solar Power Energy Private Limited (w.e.f. October 14, 2013)
  • Malabar Trustee CompanyPrivate Limited (w.e.f. July 30, 2013)
  • Transtonnelstroy Afcons Joint Venture
  • Manjri Developers Private Limited
  • United Motors (India) Limited
  • Manjri Horse Breeders Farm Private Limited
  • Universal Mine Developers and Service Providers Private Limited
  • Manor Stud Farm Private Limited
  • Volkart Fleming Shipping and Services Limited
  • Mazsons Builders and Developers Private Limited
  • Waterwings Equipments Private Limited

Meriland Estates Private Limited

 

 

Associate Companies with whom transactions were carried out during the year:
  • Awesome Properties Private Limited
  • Behold Space Developers Private Limited (Formerly New Heights Properties Private Limited)
  • Bengal Shapoorji Housing Development Private Limited.
  • Blessing Properties Private Limited.
  • Grand View Estates Private Limited.
  • Joyous Housing Limited.
  • Mirth Property Developers Private Limited.
  • Natural Oil Ventures Company Limited.
  • S. D. Corporation Private Limited.
  • S D Recreational Services Private Limited
  • SP Trading. (Partnership Firm)
  • Sharus Steel Products Private Limited. (Upto September 19, 2013)
  • Sterling Motors. (Partnership Firm)
  • Trichy Tollway Private Limited. (Upto June 21, 2013)

 

 

Enterprises over which Key Managerial Personnel have significant influence and with whom transactions were carried out

during the year:
  • Anand Agencies Private Limited
  • Anand Investment Private Limited
  • Bai Bhicaiji Pallonji Mistry Charity Trust
  • Goswami Infratech Private Limited
  • Pallonji Shapoorji and Company Private Limited
  • Pallonji Shapoorji Charity Trust.
  • S C Finance and Investment Private Limited
  • S P Finance Private Limited
  • Seth Shapoorji Pallonji Mistry and Bai Alamai Shapoorji Mistry Charity Trust.
  • Shapoorji Pallonji Foundation Trust.
  • Sterling Investment Corporation Private Limited

 

 

Joint Ventures with whom transactions were carried out during the year:
  • Armada D1 Pte Limited
  • Armada C7 Pte Limited
  • Larsen and Toubro Limited - Shapoorji Pallonji and Comapny Limited Joint Venture.
  • Meridian Enterprises.
  • Shapoorji Pallonji and OEG Services Private Limited (w.e.f. June 6, 2013)

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

105050000

Equity Shares

Rs.10/- each

Rs.1050.500 Millions

100000200

Preferences Shares

Rs.10/- each

Rs.1000.002 Millions

 

TOTAL

 

Rs.2050.502 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

105020200

Equity Shares

Rs.10/- each

Rs.1050.202 Millions

100000200

Preferences Shares

Rs.10/- each

Rs.1000.002 Millions

 

TOTAL

 

Rs.2050.204 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

2050.204

2050.204

2050.204

(b) Reserves & Surplus

14664.806

13805.227

13274.160

(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)

16715.010

15855.431

15324.364

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

16609.425

11578.427

5284.736

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

4906.710

4056.785

3546.148

(d) long-term provisions

708.009

659.354

529.732

Total Non-current Liabilities (3)

22224.144

16294.566

9360.616

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

26805.982

20829.161

13375.182

(b) Trade payables

11810.340

10508.377

8822.920

(c) Other current liabilities

13829.144

16294.603

19808.352

(d) Short-term provisions

462.991

600.250

629.710

Total Current Liabilities (4)

52908.457

48232.391

42636.164

 

 

 

 

TOTAL

91847.611

80382.388

67321.144

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

2952.924

2511.749

2420.555

(ii) Intangible Assets

0.000

1.287

2.574

(iii) Capital work-in-progress

86.055

2.584

2.584

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

18082.943

15017.811

14424.269

(c) Deferred tax assets (net)

605.337

568.876

541.727

(d)  Long-term Loan and Advances

9175.406

9979.409

8474.004

(e) Other Non-current assets

2900.137

2741.336

2636.598

Total Non-Current Assets

33802.802

30823.052

28502.311

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.005

0.005

(b) Inventories

12673.098

10066.696

9685.215

(c) Trade receivables

19612.112

19650.825

14673.832

(d) Cash and cash equivalents

2564.501

1883.804

1800.282

(e) Short-term loans and advances

17427.488

13080.462

10301.561

(f) Other current assets

5767.610

4877.544

2357.938

Total Current Assets

58044.809

49559.336

38818.833

 

 

 

 

TOTAL

91847.611

80382.388

67321.144

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

50170.335

45158.826

41181.935

 

Other Income

 

3440.669

3295.973

 

TOTAL (A)

50170.335

48599.495

44477.908

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

37099.371

35341.210

 

Purchases of Stock-in-Trade

 

5.543

7.136

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

 

1142.670

401.545

 

Employees benefits expense

 

4159.621

3529.304

 

Other expenses

 

997.464

917.805

 

TOTAL (B)

49288.471

(Including Financial Expenses and Depreciation)

43404.669

40197.000

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

 

5194.826

4280.908

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

 

4255.595

3330.334

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

 

939.231

950.574

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

 

422.589

426.741

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

881.864

516.642

523.833

 

 

 

 

 

Less

TAX (I)

22.285

(14.425)

((197.572)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-I)   (J)

859.579

531.067

721.405

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Technical Know-how fees

2175.216

31.252

28.555

 

Construction income

 

1959.136

434.513

 

Interest income

 

0.390

1.196

 

Miscellaneous income

 

0.000

0.317

 

TOTAL EARNINGS

2175.216

1990.778

464.581

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

 

705.725

117.046

 

Components and Stores parts

 

63.453

5.265

 

Capital Goods

 

0.000

309.654

 

TOTAL IMPORTS

NA

769.178

431.965

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

 

 

-       Basic

4.19

5.06

6.93

-       Diluted

5.06

6.87

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

NA

1.18

1.75

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

NA

11.50

10.40

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.21

0.80

1.00

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.05

0.03

0.03

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.60

2.04

1.22

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.10

1.03

0.91

 

 

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

2050.204

2050.204

2050.204

Reserves & Surplus

13274.160

13805.227

14664.806

Net worth

15324.364

15855.431

16715.010

 

 

 

 

long-term borrowings

5284.736

11578.427

16609.425

Short term borrowings

13375.182

20829.161

26805.982

Total borrowings

18659.918

32407.588

43415.407

Debt/Equity ratio

1.218

2.044

2.597

 

 

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)

Total Income

44477.908

48599.495

50170.335

 

 

9.267

3.232

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Total Income

44477.908

48599.495

50170.335

Profit

721.405

531.067

859.579

 

1.62%

1.09%

1.71%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

CURRENT MATURITIES OF LONG-TERM DEBT DETAILS:

 

Particulars

31.03.2014

31.03.2013

31.03.2012

 

(Rs. In Millions)

Current maturities of long-term debt

3066.672

5080.034
11575.625

 

 

 

 

Total

3066.672

5080.034
11575.625

 

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

--

22]

Litigations that the firm / promoter involved in

Yes

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

Yes

 

LITIGATION DETAILS

 

LITIGATION DETAILS

Bench:- Bombay

Presentation Date: 29/03/2014

Lodging No. :

CPL/208/2014

Failing Date:-

29/03/2014

Reg. No.:-

CP/796/2014

Reg. Date:-

20/11/2014

Petitioner:-

M/S M. DEY AND COMPANY

Respondent:-

SHAPOORJI PALLONJI AND COMPANY LIMITED

Petn.Adv:-

GAURAVGADODIA (I2019)

 

 

District:-

MUMBAI

Bench:-

SINGLE

Category:-

COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT

Status:-

Pre-Admission

Stage:-

FOR ADMISSION [ORIGINAL SIDE MATTERS]

Next Date:-

06/02/2015

Stage:-

FOR ACCEPTANCE

Last Coram:-

HON’BLE SHRI JUSTICE S.J. KATHAWALLA

Last Date:-

02/02/2015

Last Coram:-

COMPANY REGISTRAR

Act. :

Companies Act & Rules 1956

433. 434 & 439

 

 

CORPORATE INFORMATION

 

Shapoorji Pallonji and Company Limited was incorporated in January, 1943 as a private limited company under the provisions of Indian Companies Act VII of 1913. In September, 2001, it became a public company and w.e.f. 3rd September, 2014 it was reconverted into a private company.

 

The Company specialises in construction, design and build and EPC and has constructed several - residential, commercial, hospital buildings and structures in India and overseas. Its interests include real estate development and water management.

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Millions)

31.03.2013

(Rs. in Millions)

Long-term Borrowings

 

 

Rupee term loans from banks

7800.000

3000.000

Short-term borrowings

 

 

Rupee term loans from banks

7918.681

4276.923

Foreign currency term loans from

599.200

0.000

Rupee term loans from others

994.000

800.000

Loans repayable on demand from banks

429.199

18.052

Commercial paper

15513.824

14994.918

Loans and advances from others

565.554

565.492

Total

33820.458

23655.385

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10536724

17/11/2014

60,000,000.00

THE ZOROASTRIAN CO-OPERATIVE BANK LIMITED

NIRLON HOUSE, YUSUF BUILDING, GROUND FLOOR, V. N. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

C37009628

2

10491467

09/05/2014

3,000,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

J-1, VIRJANAND MARG, VIKAS PURI, NEW DELHI, DELHI - 110018, INDIA

C04087839

3

10475684

28/01/2014

50,000,000.00

THE ZOROASTRIAN CO-OPERATIVE BANK LIMITED

FORT BRANCH,, YUSUF BUILDING, GROUND FLOOR, V. N.
ROAD, FORT,, MUMBAI, MAHARASHTRA - 400001, INDIA

B95531729

4

10434046

03/06/2013

250,000,000.00

IDBI BANK LIMITED

IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHA
RASHTRA - 400005, INDIA

B78383668

5

10417385

25/02/2013

75,000,000.00

THE ZOROASTRIAN CO-OPERATIVE BANK LIMITED

FORT BRANCH, YUSUF BUILDING, GROUND FLOOR, V. N. ROAD, FORT,, MUMBAI, MAHARASHTRA - 400001, INDIA

B72470800

6

10366529

05/12/2014 *

10,000,000,000.00

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA

C41553611

7

10330131

25/11/2011

100,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B30008064

8

10257080

07/12/2010

600,000,000.00

UNION BANK OF INDIA

INDUSTRIAL FINANCE BRANCH, 66/80, MUMBAI SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA

B00046557

9

10220554

18/03/2010

500,000,000.00

IDBI BANK LIMITED

IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHA
RASHTRA - 400005, INDIA

A85108710

10

10156978

24/04/2009

250,000,000.00

BANK OF INDIA

MUMBAI LARGE CORPORATE BRANCH , 70/80 M G ROAD,,
4TH FLOOR , FORT, MUMBAI, MAHARASHTRA - 400001, IN
DIA

A62063813

 

* Date of charge modification

 

FIXED ASSETS

 

Tangible assets

 

  • Land
  • Building
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Computer equipments
  • Other equipments
  • Mines quarries

 

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, India Prisons Service, Interpol, etc.

 

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.61.68

UK Pound

1

Rs.93.53

Euro

1

Rs.70.75

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

KVT

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

7

OPERATING SCALE

1~10

8

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

8

--PROFITABILITY

1~10

7

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

7

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

66

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.