MIRA INFORM REPORT
|
Report No. : |
311066 |
|
Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SDB INFRASTRUCTURE PRIVATE LIMITED [w.e.f.06.04.2011] |
|
|
|
|
Formerly Known
As : |
SOM DATT BUILDERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gajraj Chambers, 2b, Second Floor, Topsia Road (South), Kolkata –
700046, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
25.02.1965 |
|
|
|
|
Com. Reg. No.: |
21-026380 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.990 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201WB1965PTC026380 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CALS00485C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS6429C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject undertake and carry out all kinds of contracts in Government Departments, local bodies, corporate or incorporate, individuals, firms, etc. and also engaged in the business of purchase and sale of real or personal estate, including lands, factory, buildings, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4070000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Som Datt Group. It is an established company
having moderate track record. Management has reported a loss from its operations during FY14. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow but correct. In view of long standing presence in the real estate business, the
company can be considered for business dealings with caution. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
June 23, 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.
LOCATIONS
|
Registered Office : |
Gajraj Chambers, 2B, Second Floor, Topsia Road (South), Kolkata –
700046, West Bengal, India |
|
Tel. No.: |
91-11-26431607/ 8/ 9 |
|
Fax No.: |
91-11-26236373 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative
Office : |
56-58, SDB House, Community Center, East of Kailash, New Delhi - 110065, India |
|
Tel. No.: |
1-11-26431607/8/9, 26426712/3, |
|
Fax No.: |
91-11-26236373 |
|
E-Mail : |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mrs. Latika Datt Abbott |
|
Designation : |
Director |
|
Address : |
C-10, Geetanjali, Malviya Nagar, New Delhi - 110017, India |
|
Date of Birth/Age : |
24.09.1965 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.02.2012 |
|
DIN No.: |
00031056 |
|
|
|
|
Name : |
Mr. Brahm Datt |
|
Designation : |
Director |
|
Address : |
M-16,, Greater Kailash-I, New Delhi - 110048, India |
|
Date of Birth/Age : |
30.06.1932 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
25.02.1965 |
|
DIN No.: |
00041462 |
|
|
|
|
Name : |
Hari Gobindram Advani |
|
Designation : |
Whole-time director |
|
Address : |
M-58, Greater Kailash-II, New Delhi - 110048, India |
|
Date of Birth/Age : |
13.07.1938 |
|
Date of Appointment : |
25.02.1965 |
|
DIN No.: |
00041504 |
|
|
|
|
Name : |
Mr. Inder Mohan Khaneja |
|
Designation : |
Director |
|
Address : |
3, Ground Floor,, Anand Lok, New Delhi - 110049, India |
|
Date of Birth/Age : |
06.01.1935 |
|
Qualification : |
B. Sc. (Engg.) |
|
Date of Appointment : |
25.02.1965 |
|
DIN No.: |
00052052 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Brahm Datt Investment and Finance Co. Private Limited,
India |
|
1600 |
|
Inder Mohan Investment and Finance Co. Private Limited, India |
|
900 |
|
Usha Datt |
|
6980 |
|
Munjal Datt Anuradha |
|
1050 |
|
Charu Datt Bhatia |
|
1050 |
|
Latika Datt Abbott |
|
1050 |
|
Brahm Datt |
|
10000 |
|
Brahm Datt HUF |
|
5768 |
|
Rajan Datt |
|
1000 |
|
Sidhant Datt |
|
1000 |
|
Inder Mohan Khaneja |
|
5482 |
|
Inder Mohan HUF |
|
1000 |
|
Geeta Datt |
|
1000 |
|
Ruchita Datt |
|
1000 |
|
Shefali Datt |
|
1000 |
|
Sumit Kaneja |
|
2600 |
|
Amit Khaneja |
|
2600 |
|
Singh Sadhana |
|
1050 |
|
Anjali Anand |
|
1050 |
|
Som Datt Family Welfare Trust, India |
|
22720 |
|
|
|
|
|
Total |
|
69900 |
AS ON 27.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
4.00 |
|
Directors
or relatives of directors |
96.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject undertake and carry out all kinds of contracts in Government Departments, local bodies, corporate or incorporate, individuals, firms, etc. and also engaged in the business of purchase and sale of real or personal estate, including lands, factory, buildings, etc. |
|
|
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|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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|
Products : |
-- |
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Countries : |
-- |
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Imports : |
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|
Products : |
-- |
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Countries : |
-- |
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|
Terms : |
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|
Selling : |
-- |
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|
|
|
Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· Punjab National Bank Large Corporate Branch, Tolstoy House, Tolstoy Marg, Connaught Place,, New Delhi - 110001, Delhi, India · HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · SREI Equipment Finance Private Limited 'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India · Kotak Mahindra Bank Limited 36-38A, Nariman Bhavan, 227 Nariman Point, Mumbai - 400021, Maharashtra, India · Citicorp Finance (India) Limited CITI Corpn. Center, 5th Floor,C-61, Bandra Kurla Complex,
Mumbai.- 400051, Maharashtra, India |
||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
K L Chatrath and Company Chartered Accountants |
|
Address : |
Saha Bhavan, First Floor, 8, Circus Market Place, Kolkata – 700017,
West Bengal, India |
|
Tel. No.: |
91-11-40001831-39 |
|
Faax No.: |
91-11-40001836 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACFK6447K |
|
|
|
|
Subsidiary Company : |
Som Datt Power Limited [U40108WB1996PLC076377] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
175,000 |
Equity Shares |
Rs. 100/- each |
Rs. 17.500 Millions |
|
100,000 |
Preference Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 27.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
69,900 |
Equity Shares |
Rs. 100/- each |
Rs. 6.990 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 |
CONSOLIDATED |
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.990 |
6.990 |
6.990 |
|
(b) Reserves & Surplus |
1417.913 |
1593.688 |
1626.141 |
|
(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) |
1424.903 |
1600.678 |
1633.131 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
18.794 |
1.426 |
68.094 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
341.559 |
38.006 |
36.528 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
360.353 |
39.432 |
104.622 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
17.194 |
14.711 |
24.185 |
|
(c)
Other current liabilities |
55.123 |
59.932 |
74.873 |
|
(d)
Short-term provisions |
251.441 |
240.690 |
200.044 |
|
Total
Current Liabilities (4) |
323.758 |
315.333 |
299.102 |
|
|
|
|
|
|
TOTAL |
2109.014 |
1955.443 |
2036.855 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
59.078 |
35.079 |
38.934 |
|
(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 |
868.484 |
909.846 |
907.466 |
|
(c) Deferred tax assets (net) |
26.950 |
2.081 |
1.150 |
|
(d) Long-term Loan
and Advances |
132.174 |
148.895 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
174.418 |
|
Total
Non-Current Assets |
1086.686 |
1095.901 |
1121.968 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
152.763 |
131.996 |
183.430 |
|
(c)
Trade receivables |
49.258 |
64.636 |
86.862 |
|
(d)
Cash and cash equivalents |
446.805 |
248.003 |
71.845 |
|
(e)
Short-term loans and advances |
278.061 |
320.371 |
477.820 |
|
(f)
Other current assets |
95.441 |
94.536 |
94.930 |
|
Total
Current Assets |
1022.328 |
859.542 |
914.887 |
|
|
|
|
|
|
TOTAL |
2109.014 |
1955.443 |
2036.855 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
106.368 |
348.439 |
484.634 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(41.100) |
51.270 |
32.973 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.300 |
5.042 |
5.884 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(48.400) |
46.228 |
27.089 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(24.735) |
20.596 |
0.632 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(23.665) |
25.632 |
26.457 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(338.56) |
366.70 |
378.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.99) |
4.43 |
2.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03) |
0.03 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01 |
0.00 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.16 |
2.73 |
3.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
6.990 |
6.990 |
6.990 |
|
Reserves & Surplus |
1626.141 |
1593.688 |
1417.913 |
|
Net
worth |
1633.131 |
1600.678 |
1424.903 |
|
|
|
|
|
|
Long-term borrowings |
68.094 |
1.426 |
18.794 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
68.094 |
1.426 |
18.794 |
|
Debt/Equity
ratio |
0.042 |
0.001 |
0.013 |
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) |
|
Turnover |
484.634 |
348.439 |
106.368 |
|
|
|
|
|
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Turnover |
484.634 |
348.439 |
106.368 |
|
Profit/ (Loss) |
26.457 |
25.632 |
(23.665) |
|
|
5.46% |
7.36% |
(22.25%) |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10356427 |
18/05/2012 |
300,000,000.00 |
PUNJAB NATIONAL
BANK |
LARGE CORPORATE
BRANCH, TOLSTOY HOUSE, TOLSTOY MARG, CONNAUGHT PLACE, NEW DELHI, DELHI -
110001, INDIA |
B39880596 |
|
2 |
10356428 |
31/10/2013 * |
1,100,000,000.00 |
PUNJAB NATIONAL
BANK |
BO : LARGE
CORPORATE BRANCH, TOLSTOY HOUSE, TOLSTOY MARG, NEW DELHI, DELHI - 110001,
INDIA |
B92439603 |
|
3 |
10276842 |
28/02/2011 |
6,790,000.00 |
TATA CAPITAL
LIMITED |
ONE FORBES, DR V
B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B09551466 |
|
4 |
10274083 |
29/01/2011 |
3,780,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B08563942 |
|
5 |
10032094 |
30/11/2006 |
1,513,115.00 |
ABN AMRO BANK N
V |
9TH FLOOR ,
TOWER C, CYBER GREEN, DLF CYBER CITY, |
A09279613 |
|
6 |
80017023 |
06/09/2002 |
21,483,961.00 |
PUNJABANDSINDBANK |
91, BHANDARI
HOUSE, NEHRU PLACE, NEW DELHI, DELHI |
- |
|
7 |
80017010 |
27/07/2002 |
20,832,069.00 |
PUNJABANDSINDBANK |
91 BHANDARI
HOUSE, NEHRU PLACE, NEW DELHI, DELHI |
- |
|
8 |
80016997 |
13/02/2002 |
31,293,718.00 |
PUNJABANDSINDBANK |
91, BHANDARI
HOUSE, NEHRU PLACE, NEW DELHI, DELHI |
- |
|
9 |
80015297 |
29/06/2001 |
29,820,000.00 |
PUNJAB AND SINDH
BANK |
91 BHANDARI
HOUSE, NEHRU PLACE, NEW DELHI, DELHI |
- |
|
10 |
80015298 |
02/11/1999 |
25,816,935.00 |
PUNJAB AND SIND
BANK |
91 BHANDARI
HOUSE, NEHRU PLACE, NEW DELHI, DELHI |
- |
|
11 |
80015301 |
30/05/1996 |
711,200.00 |
PUNJAB AND SIND
BANK |
91 BHANDARI
HOUSE, NEHRU PLACE, NEW DELHI, DELHI |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors |
0.145 |
0.145 |
|
|
|
|
|
Total |
0.145 |
0.145 |
CORPORATE INFORMATION
The Company was
incorporated on 25th day February, 1965 in the name of Som Datt Builders
Private Limited with an object to undertake and carry out all kinds of
contracts in Government Departments, local bodies, corporate or incorporate,
individuals, firms, etc., The Company is also engaged in the business of
purchase, sell, develop, take in, lease or otherwise acquire, whether for
investment or sale or working the same in real or personal estate, including
lands, factory, buildings, mills, houses, cottages, shops and Offices etc. Name
of the Company has changed to "SDB Infrastructure Private Limited
w.e.f.06-04-2011.
During the
Financial Year 2010-11, the Hon’ble High Court of Calcutta has sanctioned the
Scheme of Arrangement for demerger of “Hotel Undertaking” and “Ongoing
Construction Contracts and Related Transport Services Undertaking” of the
company and demerged into Som Datt Landmark Hotel & Recreations Private
Limited and Som Datt Realtors & Developers Private Limited (post demerger
name is changed to Som Datt Builders Private Limited) respectively, on a going
concern basis.
Pursuant to said
Scheme of Arrangement the appointed date of above transfers is 1st Day of
April, 2010, i.e. the date from which operations and controls of hotel division
and on going construction divisions have been deemed to be transferred to the
above said two companies (transferee companies) and all profits/losses that
arise after that date are to the account of the transferee companies. In terms
of the Scheme, the assets and liabilities relatable to the demerged
undertakings have been transferred at values appearing in the books of accounts
as on the close of business on 31st March, 2010.
The
said scheme became effective from 4th day of April, 2011 (the “Effective
Date”) upon which, the business and operations of the demerged undertaking were
deemed to be vested with the Company with retrospective effect from 1st day of
April 2010. Consequently,
(a) The related
assets and liabilities of the Demerged Undertaking, including those
specifically identified in the scheme, at the close of business on 31st day of
March, 2010 were deemed to have been transferred from the Company on 1st day of
April, 2010.
(b) The
said transfer of the business and the assets of the undertaking was deemed to
be on a going concern basis.
FINANCIAL RESULTS
The turnover of the company during the year was Rs. 106.368 Millions as
compared to Rs. 348.439 Millions in last year and the Company has incurred a
loss before tax of Rs. 48.400 Millions as against the profit of Rs. 46.228
Millions during last year.
The overall performance of the Company has been satisfactory during the
year, the directors are hopeful for better results in ensuring year.
FIXED ASSETS:
· Land & Building
· Plant & Machinery
· Earth Moving Machinery
· Computers
· Vehicles
· Furniture & Fixtures
· Office Equipment
· Construction Tools & Accessories
· Temporary Structures/Sheds
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. 62.20 |
|
|
1 |
Rs. 94.71 |
|
Euro |
1 |
Rs. 68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.