MIRA INFORM REPORT
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Report No. : |
302974 |
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Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PHENOMENAL INDUSTRIES LIMITED (w.e.f. 05.09.2008) |
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Formerly Known
As : |
PHENOMENAL HEALTH CARE SERVICE LIMITED |
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Registered
Office : |
Phenomenal House, CTS No. 733, Behind Times Square, M.V. Road,
Sagbaug, Marol, Andheri (E), Mumbai – 400059, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
13.01.1998 |
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Com. Reg. No.: |
11-113098 |
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Capital
Investment / Paid-up Capital : |
Rs. 985.822 Millions |
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CIN No.: [Company Identification
No.] |
U45201MH1998PLC113098 |
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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.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited liability Company |
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Line of Business
: |
Developers of land, properties, colonies, residential / commercial / industrial plots, hospitals, resort, townships etc. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having Moderate track record. Management of the company has failed to file its latest financial for
the year 2014 with the government department. As per available financial of 2013, Reserves of the company seems to
be low during 2014. However, general financial position of the company seems
to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
Management No-Cooperative (91-22-61487777)
LOCATIONS
|
Registered Office : |
Phenomenal House, CTS No. 733, Behind Times Square, M.V. Road,
Sagbaug, Marol, Andheri (E), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-61487777 / 61487800 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
AS ON 25.09.2013
|
Name : |
Mr. Vilas Balkrishna Narkar |
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Designation : |
Director |
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Address : |
R No. – 12, Shivkripa Chwal, Shivshakti Colony, Laxman Nagar, Kurar Village, Malad (E), Mumbai – 400097, Maharashtra, India |
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Date of Appointment : |
25.09.2013 |
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DIN No. : |
05326221 |
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Other Directorship :
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Name : |
Mr. Shive Prasad Raghubansh Singh |
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Designation : |
Director |
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Address : |
Mahavir Chamber Building No. B-6/36, Navapur Road Post Boisar, Thane – 401501, Maharashtra, India |
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Date of Appointment : |
25.09.2013 |
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DIN No. : |
02265138 |
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Other Directorship :
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Name : |
Mr. Joseph Raphal Malikkal |
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Designation : |
Director |
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Address : |
Gorai – 2, Anmol Chs. R. No. – D/4, Pot No. – 255, Near Pragathi High School Borivali (w), Mumbai – 400092, Maharashtra, India |
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Date of Appointment : |
25.09.2013 |
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DIN No. : |
06643054 |
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KEY EXECUTIVES
|
Name : |
Mantosh Vishwakarma |
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Designation : |
Secretary |
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Address : |
211, Rajeshwari Apartment, talav Road, Bhayander (East), Thane –
400105, Maharashtra, India |
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Date of Appointment : |
01.03.2011 |
|
PAN No.: |
ADJPV9148C |
MAJOR SHAREHOLDERS
As on 25.09.2013
|
Names of Shareholders |
No. of Shares |
|
M.K. Singh |
993150 |
|
T.M.S. Nair |
1751850 |
|
N. K. Singh |
86070420 |
|
Phenomenal Resorts Limited |
676800 |
|
Pheno health world.com Limited |
382860 |
|
Sebastian Malikkal |
967140 |
|
Roshani Nandlal Singh |
2160000 |
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Garima Nandlal Singh |
1800000 |
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Indrakala Gopal Singh |
360000 |
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N. Rammohan Rao |
180000 |
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N. Gowrishankari Rao |
180000 |
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N. Vivek Rao |
180000 |
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Deepak Sankhe |
360000 |
|
Deep Shukla |
180000 |
|
Gopal Danee |
900000 |
|
K.O. Raphael |
360000 |
|
Ranjan Dhar |
270000 |
|
Prabhakar Mishra |
180000 |
|
Ravindra S. Bagwe |
90000 |
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Deepak Mahadev Patil |
90000 |
|
K.N. Santosh |
90000 |
|
Joseph Malikkal |
45000 |
|
Shreya Sachin Bhone |
45000 |
|
Subhash S. Satpute |
180000 |
|
Ganesh Singh |
90000 |
|
Total |
98582220 |
As on 25.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
1.07 |
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Directors or relatives of Directors |
0.32 |
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Other top fifty shareholders |
98.61 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Developers of land, properties, colonies, residential / commercial / industrial plots, hospitals, resort, townships etc. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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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Facilities : |
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Auditors : |
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Name : |
Gopal Rao and Associates Chartered Accountants |
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Address : |
318, Creative Industries, Road No. 2, Sundar Nagar, Kalina, Santacruz (E), Mumbai – 400098, Maharashtra, India |
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PAN No.: |
AABPR1916R |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Subsidiary |
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Fellow Subsidiary |
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CAPITAL STRUCTURE
As on 25.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
125000000 |
Equity Shares |
Rs.10/- each |
Rs.1250.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
98582220 |
Equity Shares |
Rs.10/- each |
Rs. 985.822 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
985.822 |
985.822 |
985.822 |
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(b) Reserves &
Surplus |
71.180 |
74.792 |
90.485 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
1057.002 |
1060.614 |
1076.307 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
6.389 |
2.253 |
8.214 |
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(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
3169.769 |
3276.192 |
3376.196 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
3176.158 |
3278.445 |
3384.410 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
0.000 |
0.000 |
0.000 |
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(c) Other current
liabilities |
593.134 |
382.179 |
141.847 |
|
(d) Short-term provisions |
156.159 |
166.771 |
120.360 |
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Total Current Liabilities
(4) |
749.293 |
548.950 |
262.207 |
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TOTAL |
4982.453 |
4888.009 |
4722.924 |
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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 |
494.584 |
526.169 |
520.229 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.494 |
|
(iii) Capital
work-in-progress |
346.481 |
252.996 |
179.366 |
|
(iv) Intangible assets
under development |
1485.132 |
1416.575 |
1340.473 |
|
(b) Non-current
Investments |
1765.431 |
1780.320 |
1814.595 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
756.030 |
681.927 |
577.796 |
|
(e) Other Non-current
assets |
14.185 |
14.256 |
14.761 |
|
Total Non-Current Assets |
4861.843 |
4672.243 |
4447.714 |
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
19.523 |
19.523 |
19.523 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
(30.244) |
19.571 |
59.565 |
|
(e) Short-term loans and
advances |
16.804 |
16.682 |
18.515 |
|
(f) Other current assets |
114.527 |
159.990 |
177.607 |
|
Total Current Assets |
120.610 |
215.766 |
275.210 |
|
|
|
|
|
|
TOTAL |
4982.453 |
4888.009 |
4722.924 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
76.942 |
71.125 |
70.550 |
|
|
Other Income |
139.393 |
158.204 |
198.117 |
|
|
TOTAL (A) |
216.335 |
229.329 |
268.667 |
|
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|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
6.756 |
5.206 |
22.547 |
|
|
Other expenses |
91.865 |
77.015 |
126.065 |
|
|
TOTAL (B) |
98.621 |
82.221 |
148.612 |
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Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
117.714 |
147.108 |
120.055 |
|
|
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|
Less |
FINANCIAL EXPENSES (D) |
0.066 |
0.133 |
0.065 |
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|
|
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|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
117.648 |
146.975 |
119.990 |
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|
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|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
64.726 |
66.967 |
55.672 |
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|
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|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
52.922 |
80.008 |
64.318 |
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|
Less |
TAX (I) |
17.101 |
24.723 |
0.000 |
|
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|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
35.821 |
55.285 |
64.318 |
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|
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|
|
Earnings / (Loss) Per
Share (Rs.) |
0.36 |
0.56 |
0.65 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
46.56 |
77.73 |
91.17 |
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|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
152.99 |
206.83 |
170.17 |
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|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.82 |
5.56 |
4.63 |
|
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|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.08 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.00 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.16 |
0.39 |
1.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
985.822 |
985.822 |
985.822 |
|
Reserves & Surplus |
90.485 |
74.792 |
71.180 |
|
Net worth |
1076.307 |
1060.614 |
1057.002 |
|
|
|
|
|
|
long-term borrowings |
8.214 |
2.253 |
6.389 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
8.214 |
2.253 |
6.389 |
|
Debt/Equity ratio |
0.008 |
0.002 |
0.006 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
70.550 |
71.125 |
76.942 |
|
|
|
0.815 |
8.179 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
70.550 |
71.125 |
76.942 |
|
Profit |
64.318 |
55.285 |
35.821 |
|
|
91.17% |
77.73% |
46.56% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
---------------------- |
|
23] |
Banking Details |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Corporate Information
Phenomenal Trading Services was incorporated as a closely held Public Limited Company on January, 1998, with the objective of trading in various items and providing services to its members. This objective was amended to providing Health Care Services such as discounted Doctor’s consultancy, discounted pathological diagnostic facilities, arranging insurance services from Government registered organizations educative health care and Management Books/periodicals, etc. to its members.
Over the years, the Company had expanded its capabilities and now provides a range of services as explained below.
On 23rd April 2002, Phenomenal Trading Services changed its name to Phenomenal Health Care Services and on 5th September 2008 went on to change its name to Phenomenal Industries to represent the wide range of activities the Company proposed to encompass activities as developers of land, properties, colonies, residential / commercial / industrial plots, hospitals, resort, townships etc. Phenomenal Industries has Phenomenal Malls and Life Style Private Limited, Phenomenal Resorts Limited and Sitara Entertainment Private Limited as its subsidiary companies.
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
0.320 |
0.320 |
|
Total |
0.320 |
0.320 |
VIEW INDEX OF
CHARGES: No Charges Exist for Company
FIXED ASSETS
- Buildings
- Office building
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.75 |
|
|
1 |
Rs. 94.01 |
|
Euro |
1 |
Rs. 72.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.