MIRA INFORM REPORT
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Report No. : |
350627 |
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Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBUS MEGA PROJECTS PRIVATE LIMITED |
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Registered
Office : |
Plot No.176, Zone - 2, M.P.
Nagar, Bhopal - 462011, Madhya Pradesh |
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Tel. No.: |
91-755-2769892/ 6540002/3 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
20.04.2009 |
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Com. Reg. No.: |
10-021831 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.736 Million |
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|
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CIN No.: [Company Identification
No.] |
U45201MP2009PTC021831 |
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|
|
|
IEC No.: |
Not Applicable (Note:- As claimed by company management chat company does
not export and import) |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The subject is act as a real estate developer. |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 78000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2009 and it acts as a real estate
developer. It has moderate track. Management of the subject has failed to file its latest financials
with government department for the year 2014. However, as per 2013 financial, company’s financial position seems to
be moderate marked by its limited networth base, unfavorable gap between
trade payables to its receivables and leverage balance sheet profile of the
company. Further, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow. In view of aforesaid, the company can be considered for business
dealings with some 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 – 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 |
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Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Sharad Vaghedra |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9669696150 |
|
Date : |
23.11.2014 |
LOCATIONS
|
Registered Office : |
Plot
No.176, Zone - 2, M.P. Nagar, Bhopal - 462011, Madhya Pradesh, India |
|
Tel. No.: |
91-755-2769892/ 6540002/3 |
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Mobile No.: |
91-9669696150 (Mr. Sharad Vaghedra) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Industrial |
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Site Address: |
Globus Green Acres, Near Lalghati, Nayapura, Bhopal-462001, Madhya
Pradesh, India |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Ravindra Singh Bhathija |
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Designation : |
Director |
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Address : |
33-A, Joy Villa, IDGAH Hills, Bhopal-462001, Madhya Pradesh, India |
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Date of Birth/Age : |
15.08.1972 |
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Date of Appointment : |
20.04.2009 |
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DIN No.: |
02060538 |
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Name : |
Mr. Bharat Lalwani |
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Designation : |
Director |
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Address : |
73-A Alkapuri, Bhopal-462024, Madhya Pradesh, India |
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Date of Birth/Age : |
12.06.1979 |
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Date of Appointment : |
03.01.2014 |
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DIN No.: |
03354001 |
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Name : |
Mr. Ujjwal Singh |
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Designation : |
Director |
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Address : |
33-A, Joy Villa, IDGAH Hills, Behind Residency Apartment, Bhopal-462001, Madhya Pradesh, India |
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Date of Birth/Age : |
19.12.1977 |
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Date of Appointment : |
03.01.2014 |
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DIN No.: |
03354011 |
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KEY EXECUTIVES
|
Name : |
Mr. Sharad Vaghedra |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kamal Kumar Nachani |
|
11850 |
|
Ravindra Singh Bhathija |
|
13300 |
|
Omprakash Dhanwani |
|
23750 |
|
Keshav Machani |
|
1900 |
|
Ujjwal Singh Bhatija |
|
11400 |
|
Bharat Lalwani |
|
11400 |
|
Total |
|
73600 |
Equity Share Break up (Percentage of Total Equity)
As on” 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
84.50 |
|
Other top fifty shareholders |
15.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is act as a real estate developer. |
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Products : |
-- |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 days) |
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Purchasing : |
Cash and Credit (30/60/90 days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
OEMs and End Users
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No. of Employees : |
10 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Tasky Associates Chartered Accountants |
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Address : |
30, Zone-I, Maharana Pratap Nagar, Bhopal-462011, Madhya Pradesh,
India |
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Tel. No.: |
91-755-2553688/ 2711322 |
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Mobile No.: |
91-9425006246 |
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PAN No.: |
AAAFT2654D |
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E-Mail : |
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Memberships : |
-- |
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Collaborators : |
-- |
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Sister Concerns : |
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CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
73600 |
Equity Shares |
Rs.10/- each |
Rs. 0.736 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 |
0.736 |
0.736 |
0.736 |
|
(b) Reserves & Surplus |
26.396 |
13.117 |
14.312 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.264 |
0.264 |
6.006 |
|
Total
Shareholders’ Funds (1) + (2) |
27.396 |
14.117 |
21.054 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
45.270 |
87.924 |
75.990 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
199.588 |
275.498 |
159.372 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
244.858 |
363.422 |
235.362 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
27.715 |
0.325 |
0.121 |
|
(b) Trade
payables |
27.067 |
14.740 |
7.807 |
|
(c) Other
current liabilities |
21.684 |
12.332 |
0.180 |
|
(d) Short-term
provisions |
18.652 |
8.078 |
5.841 |
|
Total Current
Liabilities (4) |
95.118 |
35.475 |
13.949 |
|
|
|
|
|
|
TOTAL |
367.372 |
413.014 |
270.365 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.857 |
1.962 |
1.609 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
58.005 |
56.006 |
57.213 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
59.862 |
57.968 |
58.822 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
301.440 |
356.803 |
210.057 |
|
(c) Trade
receivables |
2.069 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
4.001 |
(1.757) |
1.384 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.102 |
|
Total
Current Assets |
307.510 |
355.046 |
211.543 |
|
|
|
|
|
|
TOTAL |
367.372 |
413.014 |
270.365 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
164.336 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
164.336 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSE |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
(0.283) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
20.064 |
(1.195) |
(0.283) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
180.42 |
(16.24) |
(3.85) |
|
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover |
|
300.000 |
200.000 |
|
|
|
|
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.08 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
(0.10) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA69 |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.66 |
6.25 |
3.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.23 |
10.01 |
15.17 |
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 |
0.736 |
0.736 |
0.736 |
|
Reserves & Surplus |
14.312 |
13.117 |
26.396 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
6.006 |
0.264 |
0.264 |
|
Net worth |
21.054 |
14.117 |
27.396 |
|
|
|
|
|
|
long-term borrowings |
75.990 |
87.924 |
45.270 |
|
Short term borrowings |
0.121 |
0.325 |
27.715 |
|
Total borrowings |
76.111 |
88.249 |
72.985 |
|
Debt/Equity ratio |
3.615 |
6.251 |
2.664 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long term
Borrowing |
|
|
|
Loan from related parties |
28.334 |
19.589 |
|
Loan from Others |
0.000 |
3.449 |
|
Total |
28.334 |
23.038 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10500950 |
09/05/2014 |
75,000,000.00 |
The Madhya Pradesh Financial Corporation |
B-6, IInd Floor, Platinum Plaza, Mata Mandir, Bhopal - 462003, Madhya Pradesh, India |
C05555933 |
|
2 |
10209618 |
10/03/2010 |
75,000,000.00 |
The Madhya Pradesh Financial Corporation |
Finance House, Bombay Agra Road, Indore - 452001, Madhya Pradesh, India |
A82373127 |
* Date
of charge modification
FIXED ASSETS:
- Plant and Machinery
- Office Equipment
- Mobile
- Air Condition
- Motor Cycle
- Computer
- Furniture and Fixture
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 records 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.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
28 |
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.