MIRA INFORM REPORT
|
Report No. : |
332924 |
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Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
EPITOME REAL TECH PRIVATE LIMITED (w. e. f. 04.06.2008) |
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|
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Formerly Known
As : |
EPITOME TECHNOPARK PRIVATE LIMITED |
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Registered
Office : |
806, Meghdoot, 94, Nehru Place New Delhi - 110019 |
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Tel. No.: |
91-124-4831111 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.02.2006 |
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Com. Reg. No.: |
55-146317 |
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Capital
Investment / Paid-up Capital : |
Rs. 69.400 Million |
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CIN No.: [Company Identification
No.] |
U72200DL2006PTC146317 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELE04845B |
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PAN No.: [Permanent Account No.] |
AABCE5653P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject act as a Real Estate Agency. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 700000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sachin Gupta |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-124-4831111 |
|
Date : |
21.07.2015 |
LOCATIONS
|
Registered Office : |
806, Meghdoot, 94, Nehru Place New Delhi – 110019, India |
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Tel. No.: |
91-124-4831111 |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON: 30.09.2014
|
Name : |
Mr. Mukul Kumar |
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Designation : |
Director |
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Address : |
4649, ST. NO. 21, Darya Ganj, New Delhi, 110002, Delhi, India |
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Date of Birth/Age : |
24.05.1963 |
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Date of Appointment : |
30.09.2008 |
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DIN No.: |
00898935 |
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Other
Directorship:
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Name : |
Mrs. Prodipta Sen |
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Designation : |
Director |
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Address : |
G-9, Ground Floor, South Extention, Part-II, New Delhi, 110049, Delhi, India |
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Date of Birth/Age : |
18.09.1959 |
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Date of Appointment : |
30.09.2008 |
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DIN No.: |
00899165 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Sachin Gupta |
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Designation : |
Assistant Manager |
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Name : |
Rajesh Kumar Rath |
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Designation : |
Company Secretary |
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Name : |
Jatin Gupta |
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Designation : |
Company Secretary |
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Name : |
Nitin Kochhar |
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Designation : |
Company Secretary |
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Name : |
Arun Kumar Gupta |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Alpha G Corp Development Private Limited |
|
6939999 |
|
Sodhi Singh Ravinder |
|
01 |
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Total |
|
6940000 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject act as a Real Estate Agency. |
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Products : |
Not Divulged |
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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 : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Uberio Sood and Kapoor Chartered Accountants |
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Address : |
606, Vishal Bhawan, 95, Nehru Place, New Delhi-110019, India |
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PAN No.: |
AAAFU1674L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
Alpha G Corp Development Private Limited |
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Fellow Subsidiaries: |
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CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
6940000 |
Equity Shares |
Rs.10/- each |
Rs. 69.400
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
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I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
69.400 |
69.400 |
69.400 |
|
(b) Reserves &
Surplus |
191.215 |
104.798 |
113.200 |
|
(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 |
29.553 |
|
Total Shareholders’ Funds
(1) + (2) |
260.615 |
174.198 |
212.153 |
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
100.309 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
2.494 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
35.474 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
138.277 |
0.000 |
0.000 |
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
208.077 |
197.570 |
154.070 |
|
(b) Trade payables |
78.938 |
6.254 |
0.624 |
|
(c) Other current
liabilities |
118.236 |
228.923 |
15.889 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
405.251 |
432.747 |
170.583 |
|
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|
|
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TOTAL |
804.143 |
606.945 |
382.736 |
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
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|
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|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.048 |
2.212 |
0.007 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
4.048 |
2.212 |
0.007 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
366.521 |
260.362 |
183.069 |
|
(c) Trade receivables |
13.258 |
0.336 |
4.681 |
|
(d) Cash and cash
equivalents |
87.962 |
104.329 |
0.736 |
|
(e) Short-term loans and
advances |
330.520 |
239.194 |
194.243 |
|
(f) Other current assets |
1.834 |
0.512 |
0.000 |
|
Total Current Assets |
800.095 |
604.733 |
382.729 |
|
|
|
|
|
|
TOTAL |
804.143 |
606.945 |
382.736 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
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|
|
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|
Gross Receipt |
|
|
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|
|
Other Income |
|
|
|
|
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TOTAL |
476.432 |
1.387 |
4.681 |
|
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|
|
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Less: |
EXPENSES |
351.548 |
9.715 |
12.784 |
|
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|
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|
|
PROFIT/ (LOSS) BEFORE TAX |
124.884 |
(8.328) |
(8.103) |
|
|
|
|
|
|
|
Less: |
TAX |
38.467 |
0.075 |
0.000 |
|
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|
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|
PROFIT/ (LOSS) AFTER TAX |
86.417 |
(8.403) |
(8.103) |
|
|
|
|
|
|
|
Add: |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(14.937) |
(6.534) |
1.569 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
71.480 |
(14.937) |
(6.534) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
10.30 |
(2.15) |
(0.94) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.238 |
0.000 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash Flow from (used in) Operating Activities |
(105.061) |
92.793 |
(2.029) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT /Total Income) |
(%) |
18.14 |
(605.84) |
(173.10) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.53 |
(1.37) |
(2.12) |
|
|
|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48 |
(0.05) |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.18 |
1.13 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
1.40 |
2.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
69.400 |
69.400 |
69.400 |
|
Reserves & Surplus |
113.200 |
104.798 |
191.215 |
|
Share Application money pending allotment |
29.553 |
0.000 |
0.000 |
|
Net worth |
212.153 |
174.198 |
260.615 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
100.309 |
|
Short term borrowings |
154.070 |
197.570 |
208.077 |
|
Total borrowings |
154.070 |
197.570 |
308.386 |
|
Debt/Equity ratio |
0.726 |
1.134 |
1.183 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
4.681 |
1.387 |
476.432 |
|
|
|
(70.370) |
34,249.820 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
4.681 |
1.387 |
476.432 |
|
Profit |
(8.103) |
(8.403) |
86.417 |
|
|
(173.10%) |
(605.84%) |
18.14% |
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 |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 10th Floor, Ashoka Estate, 24 Barakhamba Road, New Delhi – 110001, India to the present address w. e. f. 15.10.2009
OPERATIONS:
The Company has generated an income of Rs. 476.432 Million during the year. The Company has booked a profit before tax of Rs. 124.884 Million as against loss before tax of Rs 8.328 Million in the previous year.
The Company has launched a mixed use project in the historic city of Meerut, Uttar Pradesh spread across 19 acres with the largest unbroken frontage in the Meerut region on NH-58. This project is city's first integrated, self-sustaining development of international standards featuring Residential, Commercial, Retail, Entertainment and Hospitality as its integral components.
The Company has received a very good response from the buyers and approximately 300 units were sold within days of the project's launch.
The Chairman further apprised that the Company has also received the necessary licenses and approvals from the Meerut Development Authority and other statutory authorities for the development of the project and the development is being done in full swing.
UNSECURED LOAN:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
208.077 |
197.570 |
|
|
|
|
|
Total |
208.077 |
197.570 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10487569 |
04/12/2013 |
450,000,000.00 |
Allahabad Bank |
MEERUT CANTT., MEERUT, UTTAR PRADESH - 250001, INDIA |
B95325221 |
FIXED ASSETS:
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer Equipment
- Other Equipment
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. 63.65 |
|
UK Pound |
1 |
Rs. 99.14 |
|
Euro |
1 |
Rs. 68.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.