MIRA INFORM REPORT

 

 

Report No. :

350384

Report Date :

23.11.2015

 

IDENTIFICATION DETAILS

 

Name :

NKC PROJECTS PRIVATE LIMITED [w.e.f.18.07.2006]

 

 

Formerly Known As :

N.K.C. HIGHWAY DEVELOPERS PRIVATE LIMITED

 

 

Registered Office :

Office No. 207, Second Floor, Gupta Tower- 1, Vikas Puri, New Delhi – 110018

Tel. No.:

91-124-4852828

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

14.07.2003

 

 

Com. Reg. No.:

55-121288

 

 

Capital Investment / Paid-up Capital :

Rs. 2.381 Million

 

 

CIN No.:

[Company Identification No.]

U45202DL2003PTC121288

 

 

IEC No.:

0507052846

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELN08072B

 

 

PAN No.:

[Permanent Account No.]

AACCN4070E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject undertakes Construction of Roads and Highways.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

 

Maximum Credit Limit :

USD 1430000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2003 and it undertakes construction of roads and highways. The company is promoted by Mr. Naresh Kumar

 

The rating reflects on company’s experienced promoters established track record of operations along with decent profitability margins over the years.

 

The rating further takes into account on company’s satisfactory financial profile marked by sound networth base, comfortable debt protection metrics and increasing cash accruals in FY14.

 

The ratings are however, constrained by geographical concentration risk, working capital-intensive nature of operations and competitive pressures in a highly fragmented industry.

 

Trade relations are fair. Business is active. Payment terms are reported as usually correct.

 

In view of aforesaid, the company can be considered normal 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 Bank facilities = BB-

Rating Explanation

Inadequate credit quality and high credit risk.

Date

July 2014

 

 

Rating Agency Name

CRISIL

Rating

Short term Bank facilities = A4+

Rating Explanation

Minimal degree of safety and very high credit risk.

Date

July 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 31-03-2015.

 

 

LOCATIONS

 

Registered Office :

Office No. 207, Second Floor, Gupta Tower- 1, Vikas Puri, New Delhi – 110018, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

rohit@nkcproject.com

Website :

http://www.nkcproject.com

 

 

Corporate Head Quarters :

Plot No. 63, Udyog Vihar Phase- IV, Gurgaon – 122016, Haryana, India

Tel. No.:

91-124-4852828

Fax No.:

91-124-2340017

E-Mail :

info@nkcproject.com

 

 

DIRECTORS

 

AS ON 27.09.2013

 

Name :

Mr. Naresh Kumar

Designation :

Whole-time director

Address :

A-506, Sujjan Vihar, Sector 43, Gurgaon – 120002, Haryana, India

Date of Birth/Age :

09.08.1967

Date of Appointment :

14.07.2003

PAN No.:

ABLPK0155G

DIN No.:

01013418

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U45202DL2003PTC121288

NKC PROJECTS PRIVATE LIMITED

Whole-time director

14-07-2003

14-07-2003

Active

NO

2

U72200DL2006PTC147746

RAPID SOFT SYSTEMS PRIVATE LIMITED

Director

20-03-2006

20-03-2006

Strike off

NO

3

U74140DL2008PTC178839

RAPIDSOFT TECHNOLOGIES PRIVATE LIMITED

Director

30-05-2008

30-05-2008

Active

NO

4

U45200DL2009PTC196795

Primo - Tech Machines & Services Private Limited

Director

10-12-2009

10-12-2009

Active

NO

 

 

Name :

Mrs. Supriya Chhikara

Designation :

Director

Address :

A-506, Sujjan Vihar, Sector 43, Gurgaon – 120002, Haryana, India

Date of Birth/Age :

30.06.1980

Date of Appointment :

06.03.2008

PAN No.:

AQBPC5000H

DIN No.:

02004381

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U45202DL2003PTC121288

NKC PROJECTS PRIVATE LIMITED

Director

06-03-2008

06-03-2008

Active

NO

2

U74140DL2008PTC178839

RAPIDSOFT TECHNOLOGIES PRIVATE LIMITED

Director

30-05-2008

30-05-2008

Active

NO

3

U45200DL2009PTC196795

PRIMO - TECH MACHINES & SERVICES PRIVATE LIMITED

Director

10-12-2009

10-12-2009

Active

NO

 

 

Name :

Mr. Dharmvir Singh

Designation :

Director

Address :

402/30, Shivaji Coloy, Circular Road, Rohtar, Haryana, India

Date of Birth/Age :

13.11.1942

Date of Appointment :

14.07.2003

PAN No.:

ABRPS1947A

DIN No.:

02629846

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.09.2013

 

Names of Shareholders

 

No. of Shares

 

Naresh Kumar

 

180000

Dharmbir Singh

 

5000

Minakshi Chouhan

 

625

Rp Chouhan

 

875

Anjana Chikara

 

1250

Supriya Chikara

 

2750

R.K. Chikara

 

500

Jyoyi Chikara

 

1300

Nishant Chikara

 

1100

S.S. Rana

 

3425

Sudha Gupta

 

250

Jalsagar Dealers Private Limited, India

 

10000

Shalini Holdings Limited, India

 

5000

Aasheesh Capital Services Private Limited, India

 

2500

Ad-Fin Capital Services (India) Private Limited, India

 

2500

Apoorva Leasing Fin. And Investment Co. Limited, India

 

2500

Attractive Fin-Lease Limited, India

 

2500

Euro Aisa Mercantile Private Limited, India

 

2500

Karishma Industries Limited, India

 

2500

Shiv Pujan Agencies Private Limited, India

 

2000

Panchmukhi Commodities Private Limited, India

 

2500

Blue Bird Dealers Private Limited, India

 

2500

Green Valley Tie-Up Private Limited, India

 

3000

Sketch Agency Private Limited, India

 

750

Advent Vinimay Private Limited, India

 

250

 

 

 

Total

 

 

238075

 

 

AS ON 27.09.2013

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

18.00

Directors or relatives of directors

80.00

Other top fifty shareholders

2.00

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject undertakes Construction of Roads and Highways.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

--

Countries :

--

 

 

Terms :

 

Selling :

--

 

 

Purchasing :

--

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

--

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

Reference:

--

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

Not Available

 

 

Bankers :

·         Corporation Bank

M-4, Greater Kailash-II, New Delhi - 110048, Delhi, India

 

·         The Royal Bank of Scotland N.V

Hansalya Building, 15 Barakhamba Road, New Delhi - 110001, Delhi, India

 

·         Axis Bank Limited

Ground Floor, Shop No. 1-6 & 8-10, Ninex Time Cent, Suncity, Sector 54, Golf Course Road, Gurgaon - 122002, Haryana, India

 

·         Dhanlaxmi Bank Limited

Dhanalakshmi Bank Building, Naickanal, Naickanal, Trichur - 680001, Kerala, India

 

Bank Name:

--

Branch:

--

Person Name (with Designation):

--

Contact Number:

--

Name of Account Holder:

--

Account Number:

--

Account Since (Date/ Year of A/c Opening):

--

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

--

Account Operation:

--

Remarks:

--

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Rupee term loans from banks

11.098

51.157

Rupee term loans from others

160.320

157.240

Other loans and advances

442.336

238.610

SHORT TERM BORROWINGS

 

 

Loans repayable on demand from banks

294.675

286.291

 

 

 

Total

 

908.429

733.298

 

Banking Relations :

--

 

 

Financial Institutions :

·         Tata Capital Financial Services Limited

One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India

 

·         Reliance Capital Limited

"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India

 

·         Religare Finvest Limited

D3, P3B, District Centre, Saket, New Delhi - 110017, Delhi, India

 

·         Intec Capital Limited

701, Manjusha, 57 Nehru Place, New Delhi - 110019, Delhi, India

 

·         SREI Equipment Finance Private Limited

'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India

 

·         L & T Finance Limited

 

 

Auditors :

 

Name :

B. Aggarwal and Company

Chartered Accountants

Address :

8/19, GF, Smile Chamber, W.E. Akarol Bagh, New Delhi, India

Income-tax PAN of auditor or auditor's firm :

AAAFB3603N

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Joint Venture :

·         NKC JKM

·         JKM NKC

·         DPJ-NKC

 

 

Subsidiary Company :

·         BKC Projects Private Limited

·         NKC Projects Inc. USA

·         Primo - Tech Machines and Services Private Limited [U45200DL2009PTC196795]

 

 

Enterprises over which Key Management Personnel are able to exercise significant influence :

·         Rapidsoft Technologies Private Limited [U74140DL2008PTC178839]

·         NKC Projects Inc. USA

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,000,000

Equity Shares

Rs. 10/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

238,075

Equity Shares

Rs. 10/- each

Rs. 2.381 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

2.381

2.381

2.381

(b) Reserves & Surplus

496.951

406.208

334.450

(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)

499.332

408.589

336.831

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

613.754

491.064

380.169

(b) Deferred tax liabilities (Net)

4.438

7.891

6.422

(c) Other long term liabilities

122.200

119.718

66.745

(d) long-term provisions

5.488

0.988

0.000

Total Non-current Liabilities (3)

745.880

619.661

453.336

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

295.577

291.920

321.971

(b) Trade payables

435.186

308.157

270.623

(c) Other current liabilities

626.329

701.701

607.936

(d) Short-term provisions

44.328

28.373

27.494

Total Current Liabilities (4)

1401.420

1330.151

1228.024

 

 

 

 

TOTAL

2646.632

2358.401

2018.191

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

762.382

747.396

887.747

(ii) Intangible Assets

3.514

5.332

8.703

(iii) Capital work-in-progress

89.020

108.641

71.768

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

22.448

10.892

2.465

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

9.213

3.641

3.531

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

886.577

875.902

974.214

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

691.421

489.158

298.323

(c) Trade receivables

619.296

533.333

485.982

(d) Cash and cash equivalents

235.703

195.463

145.552

(e) Short-term loans and advances

176.544

222.354

91.956

(f) Other current assets

37.091

42.191

22.164

Total Current Assets

1760.055

1482.499

1043.977

 

 

 

 

TOTAL

2646.632

2358.401

2018.191

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                    

2715.045

2047.200

2015.654

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

2461.775

1816.885

1823.622

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

253.270

230.315

192.032

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

115.911

125.913

92.508

 

 

 

 

 

 

PROFIT BEFORE TAX

137.359

104.402

99.524

 

 

 

 

 

Less

TAX                                                                 

46.616

32.644

26.087

 

 

 

 

 

 

PROFIT AFTER TAX

90.743

71.758

73.437

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Sale of Services

32.243

36.848

26.925

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Capital Goods

0.000

14.092

NA

 

 

 

 

 

 

Earnings Per Share (Rs.)

381.15

301.41

308.46

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

395.895

572.335

514.874

 

 

 

 

Cash generated from operations

NA

NA

NA

 

 

 

 

Net Cash flow from (used in) Operations

142.625

66.650

94.286

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

5.42

4.66

5.12

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.28

0.26

0.30

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

2.61

3.32

3.61

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.26

1.11

0.85

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particulars

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

2.381

2.381

2.381

Reserves & Surplus

334.450

406.208

496.951

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

336.831

408.589

499.332

 

 

 

 

Long-term borrowings

380.169

491.064

613.754

Short term borrowings

321.971

291.920

295.577

CURRENT MATURITIES OF LONG-TERM DEBTS

514.874

572.335

395.895

Total borrowings

1217.014

1355.319

1305.226

Debt/Equity ratio

3.613

3.317

2.614

 

 

 

 

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

2015.654

2047.200

2715.045

 

 

1.565

32.622

 

 

 

 

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

2015.654

2047.200

2715.045

Profit

73.437

71.758

90.743

 

3.64%

3.51%

3.34%

 

 

 

 

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

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

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

Yes

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

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10553229

27/01/2015

100,000,000.00

SREI EQUIPMENT FINANCE LIMITED

'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA

C45695848

2

10527435

07/10/2014

100,000,000.00

SREI EQUIPMENT FINANCE LIMITED

'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA

C30936538

3

10528261

29/09/2014

150,000,000.00

RELIANCE CAPITAL LIMITED

"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA

C31678089

4

10514587

19/07/2014

120,000,000.00

RELIANCE CAPITAL LIMITED

"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA

C16207979

5

10514590

30/06/2014

62,000,000.00

RELIANCE CAPITAL LIMITED

"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA

C16209363

6

10451287

31/08/2013

15,000,000.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B85836344

7

10402234

27/12/2012

64,666,788.00

L & T FINANCE LIMITED

L&T HOUSE, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA

B67802868

8

10402047

15/12/2012

23,969,720.00

L & T FINANCE LIMITED

L&T HOUSE, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA

B67730911

9

10373057

11/08/2014 *

2,945,000,000.00

CORPORATION ABK

M-4, GREATER KAILASH-II, NEW DELHI, DELHI - 110048, INDIA

C18818153

10

10353402

30/03/2012

827,200.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B38845285

11

10353412

29/03/2012

2,366,400.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B38848024

12

10353408

27/03/2012

2,620,300.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B38846903

13

10353418

26/03/2012

8,626,900.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B38849451

14

10343124

25/02/2012

3,614,816.00

TATA CAPITAL LIMITED

ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B35440213

15

10334438

20/12/2011

8,707,224.00

KOTAK MAHINDRA BANK LIMITED

36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA

B31628654

16

10327948

19/11/2011

22,044,145.00

SREI EQUIPMENT FINANCE PRIVATE LIMITED

'VISHWAKARMA' 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA

B29424512

17

10327956

19/11/2011

23,291,430.00

SREI EQUIPMENT FINANCE PRIVATE LIMITED

'VISHWAKARMA' 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA

B29427127

18

10323056

31/10/2011

13,226,487.00

TATA CAPITAL LIMITED

ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B27842202

19

10313425

29/09/2011

45,363,023.00

TATA CAPITAL LIMITED

ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B23627235

20

10304474

25/10/2012 *

500,000,000.00

AXIS BANK LIMITED

GROUND FLOOR, SHOP NO. 1-6 & 8-10, NINEX TIME CENT, SUNCITY, SECTOR 54, GOLF COURSE ROAD, GURGAON, HARYANA - 122002, INDIA

B62499215

21

10271345

15/02/2011

12,487,500.00

SREI EQUIPMENT FINANCE PRIVATE LIMITED

'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA

B07543226

22

10230654

09/06/2010

18,998,080.00

TATA CAPITAL LIMITED

ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

A89788970

23

10207587

28/02/2010

36,800,000.00

TATA CAPITAL LIMITED

ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

A81143299

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Other loans and advances

0.000

44.057

SHORT TERM BORROWINGS

 

 

Other loans and advances

0.902

5.629

 

 

 

Total

 

0.902

49.686

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the Company has been shifted from C-1248, Ground Floor, Greater Kailash I, New Delhi - 110048, Delhi, India to the present address w.e.f.30.05.2013.

 

 

OPERATION

 

Company has achieved satisfactory growth during the year. Sales and profit are increased 32.37% and 31.56%, respectively, as compared to last financial year.

 

 

CONTINGENT LIABILITIES:

 

Particulars

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

Claims against the company not acknowledged as debts.

 

 

i) Against the performance and Mobilization advance

2217.000

2306.700

ii) Income Tax Demand notice issued by DCIT (AY 2010-11). Company not acknowledge as debts, appeal Filed before the CIT (appeal) - XVI

40.200

0.000

iii) Income Tax Demand notice issued by DCIT (AY 2011-12). Company not acknowledge as debts, appeal Filed before the CIT (appeal) - XVI

1.400

0.000


FIXED ASSETS:

 

·         Land

·         Buildings

·         Plant and equipment

·         Furniture and fixtures

·         Vehicles

·         Office equipment

·         Computer software

 

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.66.09

UK Pound

1

Rs.101.04

Euro

1

Rs.70.86

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

BVA

 

 

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

--PROFITABILIRY

1~10

5

--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

 

48

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.