MIRA INFORM REPORT
|
Report No. : |
323980 |
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Report Date : |
28.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
RKD CONSTRUCTION PRIVATE LIMITED (w.e.f. 06.11.2007) |
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|
|
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Formerly Known
As : |
ROHIT KUMAR DAS CONSTRUCTION PRIVATE LIMITED |
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|
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Registered
Office : |
B-20, Chandaka Industrial Estate, Bhubaneswar – 751024, Orissa, India |
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Tel. No.: |
91-674-3056565 |
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|
|
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Country : |
India |
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|
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Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
08.01.1996 |
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|
|
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Com. Reg. No.: |
15-004295 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 21.050 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45203OR1996PTC004295 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
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|
Legal Form : |
Private Limited Liability Company. |
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|
|
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Line of Business
: |
Subject is engaged in execution of contracts of various infrastructure project including road work, bridge work, railway tracking and irrigation projects. |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & 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 |
|
Maximum Credit Limit : |
USD 1500000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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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. Subject was established in 1996. Subject undertakes civil and
infrastructure constructions, mainly roads, bridges and irrigation works. Management of the company has failed to file its financials with the
government department for FY 2014. As per the financials of 2013, general financial position of the
company seems to be fair. Rating takes into consideration, profitability level, reserves level
as well as highly working capital intensive operations of the subject. Trade relations are fair. Business is active as per the status shown
in registrar of companies. Payment terms are reported to be usually correct. In the view of, promoters established presence in the construction
industry, 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.
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating
= BB |
|
Rating Explanation |
Inadequate Credit
quality and high credit risk. |
|
Date |
17, April 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term
rating = A4+ |
|
Rating Explanation |
Minimal degree
of safety and very high credit risk. |
|
Date |
17, April 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. S. K. Sai |
|
Designation : |
Accountant |
|
Contact No.: |
91-674-3056565 |
|
Date : |
27.05.2015 |
LOCATIONS
|
Registered Office : |
B-20, Chandaka Industrial Estate, Bhubaneswar – 751024, Orissa, India |
|
Tel. No.: |
91-674-3056565 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office: |
HB Colony, Baramunda, Bhuvneshwar – 751001, Orissa, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Rohit Kumar Das |
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Designation : |
Chairman-cum-Managing Director |
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Address : |
Plot No. 783/B, Jayadev Vira, Bhuvneshear – 751015, Khudra, Orissa, India |
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Date of Birth/Age : |
22.02.1956 |
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Date of Appointment : |
08.01.1996 |
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DIN No.: |
00747784 |
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PAN No.: |
ADHPD1406D |
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Other Directorship:
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Name : |
Ms. Akshaya Kumar Das |
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Designation : |
Director |
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Address : |
B -10, BDA Duplex, Palaspali, Bhuvneshear – 751020, Khudra, Orissa,
India |
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Date of Birth/Age : |
11.12.1949 |
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Date of Appointment : |
08.01.1996 |
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DIN No.: |
01748755 |
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PAN No.: |
ABRPD2267L |
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Other Directorship:
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Name : |
Mr. Rohan Das |
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Designation : |
Director |
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Address : |
Plot No. 783/B, Jayadev Vira, Khudra, Bhuvneshear – 751015, Orissa,
India |
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|
Date of Birth/Age : |
20.06.1986 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
03218093 |
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PAN No.: |
AOLPD1308P |
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Other Directorship:
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Name : |
Mr. Swayam Prakash Das |
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Designation : |
Director |
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Address : |
Q -10, Palaspalli Aerodrome Area, Bhuvneshear – 751020, Khudra,
Orissa, India |
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Date of Birth/Age : |
11.08.1976 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
01712276 |
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PAN No.: |
AFRPD4138G |
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KEY EXECUTIVES
|
Name : |
Mr. S. K. Sai |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Rohit Kumar Das |
152850 |
|
Bibhuti Bhushan Mohanty |
2000 |
|
Akshaya Kumar Das |
3000 |
|
Ava Tushar Mishra |
42000 |
|
Tushar Padmanav Mishra |
100 |
|
Dipti Rajan Pattnaik |
50 |
|
Akshaya Kumar Parija |
10500 |
|
Total |
210500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
75.00 |
|
Other top fifty shareholders |
25.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in execution of contracts of various
infrastructure project including road work, bridge work, railway tracking and
irrigation projects. |
|
|
|
|
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 : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Others
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Financial
Institute: |
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Auditors : |
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Name : |
SRB and Associates Chartered Accountants |
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Address : |
5th Floor, Idco Tower, Janpath, Bhubaneswar-751022, Orissa, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAXFS6281Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary: |
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CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.100/- each |
Rs. 40.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
210500 |
Equity Shares |
Rs.100/- each |
Rs. 21.050
Million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
21.050 |
21.050 |
21.050 |
|
(b) Reserves & Surplus |
506.495 |
431.378 |
343.109 |
|
(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) |
527.545 |
452.428 |
364.159 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
366.633 |
434.833 |
486.551 |
|
(b) Deferred tax liabilities
(Net) |
86.530 |
72.754 |
61.447 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
453.163 |
507.587 |
547.998 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
897.457 |
877.693 |
687.337 |
|
(b) Trade payables |
583.358 |
415.179 |
388.553 |
|
(c) Other current liabilities |
96.830 |
121.809 |
108.620 |
|
(d) Short-term provisions |
371.059 |
297.737 |
231.247 |
|
Total
Current Liabilities (4) |
1948.704 |
1712.418 |
1415.757 |
|
|
|
|
|
|
TOTAL |
2929.412 |
2672.433 |
2327.914 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
730.640 |
566.706 |
480.872 |
|
(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 |
242.461 |
212.961 |
205.661 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
21.595 |
19.461 |
16.727 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
994.696 |
799.128 |
703.260 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
188.842 |
126.572 |
83.677 |
|
(c) Trade receivables |
666.808 |
853.379 |
704.640 |
|
(d) Cash and cash equivalents |
165.769 |
152.752 |
111.834 |
|
(e) Short-term loans and
advances |
598.627 |
461.160 |
502.631 |
|
(f) Other current assets |
314.670 |
279.442 |
221.872 |
|
Total
Current Assets |
1934.716 |
1873.305 |
1624.654 |
|
|
|
|
|
|
TOTAL |
2929.412 |
2672.433 |
2327.914 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
|
2341.128 |
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
2341.128 |
2120.156 |
1727.563 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
75.118 |
88.269 |
71.929 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
356.86 |
NA |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
79.275 |
98.189 |
89.491 |
|
Cash generated from operations |
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.55 |
3.12 |
3.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
1.09 |
1.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
21.050 |
21.050 |
21.050 |
|
Reserves & Surplus |
343.109 |
431.378 |
506.495 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
364.159 |
452.428 |
527.545 |
|
|
|
|
|
|
long-term borrowings |
486.551 |
434.833 |
366.633 |
|
Short term borrowings |
687.337 |
877.693 |
897.457 |
|
Current Maturities Of
Long-Term Debts |
89.491 |
98.189 |
79.275 |
|
Total
borrowings |
1263.379 |
1410.715 |
1343.365 |
|
Debt/Equity
ratio |
3.469 |
3.118 |
2.546 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1727.563 |
2120.156 |
2341.128 |
|
|
|
22.725 |
10.422 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1727.563 |
2120.156 |
2341.128 |
|
Profit |
71.929 |
88.269 |
75.118 |
|
|
4.16% |
4.16% |
3.21% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
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 |
Yes |
|
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 B 3 Barmunnda Duplex Colony, Baramunda, Bhubaneswar – 751003,
Orissa, India to the present address w.e.f.
01.11.2010
PERFORMANCE
HIGHLIGHTS:
The Company achieved a turnover of Rs.2341.128 Million (including other income) and an after-tax profit of Rs.88.269 Million as against a turnover of Rs. 2120.156 Million and after tax profit of Rs. 88.269 Million made during the previous year. The Company has participated in various infrastructural development projects. The overall performance of the Company is satisfactory.
CORPORATE INFORMATION
Subject is a private Company domiciled in India and incorporated under the provisions of the Companies Act.1956. The Company is engaged in execution of contracts of various infrastructure project including road work, bridge work, railway tracking and irrigation projects
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Intercorporate deposits |
42.046 |
40.810 |
|
Loans and advances from related parties |
82.024 |
74.218 |
|
Total |
124.070 |
115.028 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10570050 |
02/04/2015 |
33,350,800.00 |
TATA MOTORS FINANCE LIMITED |
10TH FLOOR, 106 A & B, MAKER CHAMBERS III,, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C53961678 |
|
2 |
10548323 |
17/01/2015 |
6,500,000.00 |
KARNATAKA BANK LTD. |
BHUBANESWAR BRANCH, B63,RUPALI SQUARE, SAHEED NAGAR,, BHUBANESWAR, ORISSA - 751007, INDIA |
C43134642 |
|
3 |
10552829 |
30/12/2014 |
2,663,923.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C45459328 |
|
4 |
10542048 |
29/11/2014 |
38,468,408.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C39324538 |
|
5 |
10484332 |
26/02/2014 |
2,380,388.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
C00257568 |
|
6 |
10484336 |
26/02/2014 |
2,380,388.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
C00258434 |
|
7 |
10484339 |
26/02/2014 |
2,380,388.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
C00258897 |
|
8 |
10484342 |
26/02/2014 |
2,380,388.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
C00259531 |
|
9 |
10484345 |
26/02/2014 |
2,380,388.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
C00260018 |
|
10 |
10482323 |
03/02/2014 |
758,000.00 |
SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED |
MOOKAMBIKA COMPLEX,
3RD FLOOR,, NO.4. LADY DESIKA |
B98393085 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer 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.63.95 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
KVT / GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
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 & 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.