MIRA INFORM REPORT
|
Report No. : |
328515 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
D B REALTY
LIMITED |
|
|
|
|
Registered
Office : |
DB House, Gen. A.K. Vaidya Marg, Goregaon (East), Mumbai –
400063, Maharashtra |
|
Tel. No.: |
91-22-40778600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
08.01.2007 |
|
|
|
|
Com. Reg. No.: |
11-166818 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2432.588 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L70200MH2007PLC166818 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction and
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
The Company is mainly engaged in the business of real estate
development viz. construction of residential buildings/ commercial complexes. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING and COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
DB Realty Limited is a Mumbai based, real estate development company
and the flagship company of DB Group, established in 2007. DB Realty has been successful in creating iconic landmarks in
residential, commercial and gated community developments. It is established company having a satisfactory track. Company share are presently trading at market value of Rs.66.10 /-
which was initially issued at face value of Rs.10/-. There seems drastic dip in the sales turnover of the company. It has
also incurred loss from its operations during 2014. However, the rating takes
into consideration healthy financial risk profile marked by healthy liquidity
position supported by large networth based and relatively low gearing. It has strong managerial and financial supports from its group
companies. Trade relations are fair. Business is active. Payments terms are
reported to be usually correct. The subject 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.
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 DENIED BY
|
Name : |
Mr. Nagamallesh Gattu |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-22-40778600 |
|
Date : |
22.06.2015 |
LOCATIONS
|
Registered Office : |
DB House, Gen. A.K. Vaidya Marg, Goregaon (East), Mumbai –
400063, Maharashtra, India |
|
Tel. No.: |
91-22-40778600 |
|
Fax No.: |
91-22-28422444 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Vinod Goenka |
|
Designation : |
Managing Director, Non-Independent Director, Chairman from
10-12-2011 |
|
|
|
|
Name : |
Mr. Shahid Balwa |
|
Designation : |
Vice Chairman and Managing Director, Non-Independent
Director from 10-12-2011 |
|
|
|
|
Name : |
Mr. Mahesh Gandhi |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. Jagat Killawala |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. Janak Desai |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. N.M Rafi que |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr.Salim Balwa |
|
Designation : |
Non-Independent Director |
|
|
|
|
Name : |
Mr.Jayvardhan Goenka |
|
Designation : |
Non-Independent Director |
KEY EXECUTIVES
|
Name : |
Mr. Nagamallesh Gattu |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. S.A.K.Narayanan |
|
Designation : |
Company Secretary and Compliance Officer |
|
|
|
|
Board Committees: |
|
|
Audit Committee: |
|
|
|
|
|
Finance and
Investment Committee: |
|
|
|
|
|
Remuneration
Committee: |
|
|
|
|
|
Share Transfer
Committee and Shareholders/Investors Grievances Committee: |
|
SHAREHOLDING PATTERN
As on 31.03.2015
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
16019718 |
6.59 |
|
|
104838045 |
43.10 |
|
|
30166514 |
12.40 |
|
|
30166514 |
12.40 |
|
|
151024277 |
62.08 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
151024277 |
62.08 |
|
|
|
|
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
1408 |
0.00 |
|
|
1588855 |
0.65 |
|
|
1490538 |
0.61 |
|
|
22840639 |
9.39 |
|
|
517750 |
0.21 |
|
|
517750 |
0.21 |
|
|
26439190 |
10.87 |
|
|
|
|
|
|
10475822 |
4.31 |
|
|
|
|
|
Individual shareholders holding nominal share capital up to Rs.0.100
Million |
6599736 |
2.71 |
|
Individual shareholders holding nominal share capital in excess of
Rs.0.100 Million |
11931692 |
4.90 |
|
|
36788065 |
15.12 |
|
|
567706 |
0.23 |
|
|
157500 |
0.06 |
|
|
2037700 |
0.84 |
|
|
34025159 |
13.99 |
|
|
65795315 |
27.05 |
|
Total Public
shareholding (B) |
92234505 |
37.92 |
|
|
|
|
|
Total (A)+(B) |
243258782 |
100.00 |
|
|
|
|
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
243258782 |
100.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Sl. No. |
Name of the Shareholder |
Details of Shares held |
|
|
No. of Shares held |
As a % of grand total |
||
|
1 |
Vinod Goenka |
1,36,32,108 |
5.60 |
|
2 |
Vinod Goenka HUF |
6,55,502 |
0.27 |
|
3 |
Vinod Goenka |
16,32,108 |
0.67 |
|
4 |
Vinod Goenka |
1,00,000 |
0.04 |
|
5 |
Aseela Goenka, Sunita Goenka, Alok Agarwal |
1,20,00,000 |
4.93 |
|
6 |
Aseela Vinod Goenka |
27,79,715 |
1.14 |
|
7 |
Aseela Vinod Goenka |
27,40,177 |
1.13 |
|
8 |
Aseela Vinod Goenka |
11,37,850 |
0.47 |
|
9 |
Sanjana Vinod Goenka |
70,00,000 |
2.88 |
|
10 |
Sanjana Vinod Goenka |
17,50,000 |
0.72 |
|
11 |
Sunita Goenka |
10,61,274 |
0.44 |
|
12 |
Shanita Deepak Jain |
1,82,081 |
0.07 |
|
13 |
Karim Gulamali Morani |
3,99,643 |
0.16 |
|
14 |
Mohammed Gulamali Morani |
3,80,612 |
0.16 |
|
15 |
Ali Gulamali Morani |
1,26,276 |
0.05 |
|
16 |
Shabana Balwa |
1,53,090 |
0.06 |
|
17 |
Mohammad Salim Balwa |
85,886 |
0.04 |
|
18 |
Wahida Asif Balwa |
74,445 |
0.03 |
|
19 |
Usman Balwa |
74,445 |
0.03 |
|
20 |
Ishaq Balwa |
74,340 |
0.03 |
|
21 |
Mohammed Balwa |
72,340 |
0.03 |
|
22 |
Salim Balwa |
74,340 |
0.03 |
|
23 |
Neelkamal Tower Construciton LLP |
3,91,17,020 |
16.08 |
|
24 |
Neelkamal Tower Construction LLP |
3,39,97,818 |
13.98 |
|
25 |
Neelkamal Tower Construction LLP |
1,14,50,000 |
4.71 |
|
26 |
Neelkamal Tower Construction LLP |
2,00,00,000 |
8.22 |
|
27 |
Top Notch Buildcon LLP |
2,73,207 |
0.11 |
|
|
Total |
15,10,24,277 |
62.08 |
Shareholding of securities (including shares, warrants, convertible
securities) of persons belonging to the category Public and holding more than
1% of the total number of shares
|
Sl. No. |
Name of the Shareholder |
No. of Shares held |
Shares as % of Total No. of Shares |
|
|
1 |
Walkinson Investments Limited |
14582650 |
5.99 |
|
|
2 |
Bollywood Mauritius Holdings |
9593047 |
3.94 |
|
|
3 |
IIRF Holdings VI Limited |
9849462 |
4.05 |
|
|
4 |
Nomura Singapore Limited |
5564582 |
2.29 |
|
|
5 |
Alpine Global Premier Properties Fund |
3373128 |
1.39 |
|
|
6 |
Jhunjhunwala Rekha Rakesh |
5000000 |
2.06 |
|
|
7 |
Morgan Stanley Asia (Singapore) PTE |
2472238 |
1.02 |
|
|
|
Total |
50435107 |
20.73 |
Shareholding of securities (including shares, warrants, convertible
securities) of persons (together with PAC) belonging to the category “Public”
and holding more than 5% of the total number of shares of the company
|
Sl. No. |
Name(s) of the shareholder(s) and the Persons
Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of Total No. of Shares |
|
|
1 |
Walkinson Investments Limited |
14582650 |
5.99 |
|
|
|
Total |
14582650 |
5.99 |
BUSINESS DETAILS
|
Line of Business : |
The Company is mainly engaged in the business of real estate
development viz. construction of residential buildings/ commercial complexes. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
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 : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Haribhakti and Company Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Associates: |
|
|
|
|
|
Jointly Controlled
Entities: |
|
|
|
|
|
Entity in respect
of which the Company is an Associate : |
Neelkamal Tower Construction LLP |
|
|
|
|
Enterprise where
individuals i.e. KMP and their relatives have significant influence : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
298500000 |
Equity Shares |
Rs.10/- each |
Rs.2985.000 Million |
|
1500000 |
Preference Shares |
Rs.10/- each |
Rs.15.000 Million |
|
|
Total |
|
Rs.3000.000
Million |
Issued, Subscribed and Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
243258782 |
Equity Shares |
Rs.10/- each |
Rs.2432.587
Million |
Reconciliation of the
shares outstanding at the beginning and at the end of the reporting year
Equity Shares:
|
Particulars |
As at 31st March 2014 |
|
|
Number |
Amount in
Million |
|
|
Shares outstanding at the beginning of the year |
243,258,782 |
2432.587 |
|
Shares Issued / (bought back) during the year |
--- |
--- |
|
Shares outstanding at the end of the year |
243,258,782 |
2432.587 |
Rights, preferences
and restriction attached to shares
Equity shares have equal rights to dividend and voting rights pro rata the holdings. The company has only one class of Equity Shares having a par value of Rs. 10/- per share.
In the event of liquidation of the company, the holders of the equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
Details of shares
held by shareholders holding more than 5% shares in the company
|
Name of Shareholder |
As at 31st March 2014 |
|
|
No. of Shares held |
% of Holding |
|
|
Neelkamal Tower Construction LLP |
104,564,838 |
42.99% |
|
Walkinson Investment Limited |
14,587,500 |
6.00% |
|
Vinod Goenka* |
15,364,216 |
6.32% |
*Out of the said above shareholding 100,000 shares (0.04%)
are jointly held by Vinod Goenka and Aseela Goenka.
As on 31.03.2015
Authorised Capital: Not Available
Issued, Subscribed and Paid-up Capital: Rs.2432.588
Million
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2432.588 |
2432.587 |
2432.587 |
|
(b) Reserves &
Surplus |
31043.902 |
31318.278 |
31729.461 |
|
(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) |
33476.490 |
33750.865 |
34162.048 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
805.445 |
1123.901 |
|
(b) Deferred tax
liabilities (Net) |
306.050 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
28.397 |
6.316 |
8.737 |
|
Total Non-current
Liabilities (3) |
334.447 |
811.761 |
1132.638 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1854.563 |
1506.547 |
919.563 |
|
(b) Trade payables |
125.866 |
119.179 |
117.308 |
|
(c) Other current
liabilities |
3174.665 |
1522.637 |
769.420 |
|
(d) Short-term provisions |
20.360 |
36.748 |
20.916 |
|
Total Current Liabilities
(4) |
5175.454 |
3185.111 |
1827.207 |
|
|
|
|
|
|
TOTAL |
38986.391 |
37747.737 |
37121.893 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
332.058 |
93.389 |
118.840 |
|
(ii) Intangible Assets |
0.000 |
32.538 |
3.431 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
191.420 |
225.134 |
|
(b) Non-current Investments |
23297.945 |
22545.037 |
17454.525 |
|
(c) Deferred tax assets
(net) |
63.453 |
26.644 |
73.383 |
|
(d) Long-term Loan and Advances |
6703.791 |
6052.292 |
9059.245 |
|
(e) Other Non-current
assets |
33.030 |
37.083 |
34.533 |
|
Total Non-Current Assets |
30430.277 |
28978.403 |
26969.091 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1808.310 |
1701.865 |
2125.273 |
|
(b) Inventories |
2543.130 |
2262.607 |
2005.661 |
|
(c) Trade receivables |
0.000 |
0.000 |
430.000 |
|
(d) Cash and cash
equivalents |
18.918 |
138.358 |
68.350 |
|
(e) Short-term loans and
advances |
4184.560 |
4665.187 |
5519.767 |
|
(f) Other current assets |
1.196 |
1.317 |
3.751 |
|
Total Current Assets |
8556.114 |
8769.334 |
10152.802 |
|
|
|
|
|
|
TOTAL |
38986.391 |
37747.737 |
37121.893 |
PROFIT and LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
10.780 |
0.000 |
430.000 |
|
|
Other Income |
349.040 |
195.670 |
94.317 |
|
|
TOTAL |
359.820 |
195.670 |
524.317 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
Project Expenses |
280.969 |
256.946 |
106.676 |
|
|
Changes in Inventories |
(280.969) |
(256.946) |
62.414 |
|
|
Employee Benefits
Expenses |
112.686 |
68.183 |
58.707 |
|
|
Legal and Professional
Expenses |
49.903 |
0.000 |
0.000 |
|
|
Advertisement and
Publicity |
32.953 |
0.000 |
0.000 |
|
|
Business promotion
Expenses |
1.125 |
0.000 |
0.000 |
|
|
Exceptional Items |
(47.890) |
0.000 |
0.000 |
|
|
Prior Period Items |
4.318 |
12.439 |
0.000 |
|
|
Other expenses |
50.362 |
79.798 |
112.939 |
|
|
TOTAL |
203.457 |
160.420 |
340.736 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
156.363 |
35.250 |
183.581 |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES |
411.252 |
343.083 |
180.834 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(254.889) |
(307.833) |
2.747 |
|
|
|
|
|
|
|
|
DEPRECIATION/ AMORTISATION
|
54.839 |
41.610 |
34.290 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(309.728) |
(349.443) |
(31.543) |
|
|
|
|
|
|
|
|
TAX |
(35.352) |
61.739 |
(34.561) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(274.376) |
(411.182) |
3.018 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(1.12) |
(1.69) |
0.01 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
312.955 |
|
Cash generated from operations |
NA |
NA |
2173.246 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2545.23) |
NA |
0.70 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
1450.49 |
NA |
42.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.98) |
(2.33) |
(0.16) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
(0.01) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.06 |
0.07 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65 |
2.75 |
5.56 |
STOCK
PRICES
|
Face Value |
Rs.10/- each |
|
Market Value |
Rs.66.10/- each |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
2432.587 |
2432.587 |
2432.588 |
|
Reserves & Surplus |
31729.461 |
31318.278 |
31043.902 |
|
Net worth |
34162.048 |
33750.865 |
33476.490 |
|
|
|
|
|
|
long-term borrowings |
1123.901 |
805.445 |
0.000 |
|
Short term borrowings |
919.563 |
1506.547 |
1854.563 |
|
Total borrowings |
2043.464 |
2311.992 |
1854.563 |
|
Debt/Equity ratio |
0.060 |
0.069 |
0.055 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
524.317 |
195.670 |
359.820 |
|
|
|
(62.681) |
83.891 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
524.317 |
195.670 |
359.820 |
|
Profit |
3.018 |
(411.182) |
(274.376) |
|
|
0.58% |
(210.14%) |
(76.25%) |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
SHORT TERM
BORROWING |
|
|
|
Loans from Subsidiaries |
NA |
658.451 |
|
Inter-Corporate Deposit |
NA |
238.079 |
|
Total |
NA |
896.530 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10568770 |
31/01/2015 |
7,260,000.00 |
Bank of India |
Mahim Branch, Gohil
House, Near City Light Cinema, L.J.Road, Mahim (West), Mumbai, Maharashtra
- |
C53329926 |
|
2 |
10540438 |
28/11/2014 |
600,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS FINANCIAL
CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI,
Maharashtra |
C39131172 |
|
3 |
10510466 |
25/06/2014 |
300,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
C12290599 |
|
4 |
10510485 |
25/06/2014 |
300,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
C12333993 |
|
5 |
10488988 |
27/09/2014 * |
950,000,000.00 |
IL&FS FINANCIAL SERVICES LIMITED |
II & FS
FINANCIAL CENTREPLOT NO C-22 G BLOCK, BANDRA KURLA COMPLEX BANDRA E, MUMBAI,
Maharashtra - |
C35864982 |
|
6 |
10458981 |
15/10/2013 |
2,250,000,000.00 |
Bank of India |
Mumbai Large Corporate
Branch, Oriental Building,, |
B89065775 |
|
7 |
10440995 |
04/07/2013 |
300,000,000.00 |
Bank of India |
Mumbai Large Corporate Branch, Gr. Floor, Oriental Building, D. N. Road, Fort,, Mumbai, Maharashtra - 400001, INDIA |
B81095945 |
|
8 |
10441031 |
04/07/2013 |
650,000,000.00 |
Bank of India |
Mumbai Large Corporate
Branch,Gr. Floor, Oriental Building , D.N Road, Fort, Mumbai, Maharashtra
- |
B81113581 |
|
9 |
10392374 |
28/11/2012 |
610,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA |
B64291123 |
|
10 |
10330905 |
29/12/2011 |
3,427,450,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS, BANDRA KURLA COMPLEX, MUMBAI, Maharashtra - 400051, INDIA |
B30285167 |
* Date of charge modification
FIXED ASSETS
- Buildings
- Computers
- Furniture and Fixtures
- Office Equipment’s
- Plant and Machinery
- Vehicles
CMT REPORT (Corruption, Money Laundering and 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 records 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.63.50 |
|
|
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.72.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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 and 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.