MIRA INFORM REPORT
|
Report No. : |
345488 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
OBEROI CONSTRUCTIONS LIMITED (w.e.f.13.07.2011) |
|
|
|
|
Formerly Known
As : |
OBEROI CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Commerz, 3rd Floor, International Business Park, Oberoi
Garden City, Off Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra |
|
Tel. No.: |
91-22-66773333/ 66773360/ 67556666 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
02.11.1993 |
|
|
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|
Com. Reg. No.: |
11-074836 |
|
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|
Capital
Investment / Paid-up Capital : |
Rs.51.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202MH1993PLC074836 |
|
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|
|
IEC No.: |
Not Available |
|
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO01873E |
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|
|
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PAN No.: [Permanent Account No.] |
AAACO1805E |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged primarily in the business of real estate development. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow and delayed |
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Litigation : |
Exist |
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Comments : |
Subject is a Mumbai based company incorporated on 2nd
November, 1993. It is a wholly owned subsidiary of Oberoi Realty Limited. It
has moderate track record. There is drastic dip in its revenue as well as profit of the company
during FY2014. However, it possesses a decent profile marked by strong
networth base along with fair liquidity. Further, the rating also takes into consideration the risk involved in
the nature of real estate business along with liquidity crunch that the
Indian construction industry is facing at present. Trade relations are fair. Business is active. Payments are reported to
slow and delayed. 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.
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 DENIED
MANAGEMENT NON-COOPERATIVE [91-22-66773333]
LOCATIONS
|
Registered/ Corporate Office : |
Commerz, 3rd Floor, International Business Park, Oberoi
Garden City, Off Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-66773333/ 66773360/ 67556666 |
|
Fax No.: |
91-22-66773334 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 20.08.2014
|
Name : |
Mr. Vikas Ranvir Oberoi |
|
Designation : |
Managing director |
|
Address : |
Plot No. 70, 12th N. S. Road, J. V. P. D. Scheme, Juhu,
Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1969 |
|
Qualification : |
Owner’s / President’s Management Program from Harvard Business School |
|
Date of Appointment : |
02.11.1993 |
|
DIN No.: |
00011701 |
|
|
|
|
Name : |
Bindu Ranvir Oberoi |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 70, 12th N. S. Road, J. V. P. D. Scheme, Juhu,
Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
20.08.1968 |
|
Qualification : |
Bachelor's Degree in Commerce |
|
Date of Appointment : |
01.12.2006 |
|
PAN No.: |
AAAPO7811P |
|
DIN No.: |
00837711 |
|
|
|
|
Name : |
Mr. Tilokchand Punamchand Ostwal |
|
Designation : |
Director |
|
Address : |
103, Falcon’s Crest, G.D.
Ambekar Marg, Parel, Mumbai – 400012, Maharashtra, India |
|
Date of Birth/Age : |
07.11.1954 |
|
Qualification : |
Bachelor’s degree in commerce, Fellow member of the Institute of
Chartered Accountants of India |
|
Date of Appointment : |
14.12.2009 |
|
Voter ID No.: |
SOK4141016 |
|
DIN No.: |
00821268 |
|
|
|
|
Name : |
Mr. Rajendra Manohar Chandorkar |
|
Designation : |
Director |
|
Address : |
A/503, Khanna Apartment,
Near Diamond Garden, Chembur (East), Near Yogi Restaurant, Mumbai – 400067,
Maharashtra, India |
|
Date of Birth/Age : |
02.08.1972 |
|
Qualification : |
Bachelor in Architecture |
|
Date of Appointment : |
15.10.2011 |
|
Voter ID No.: |
MT/06/048/0186091 |
|
DIN No.: |
03626923 |
KEY EXECUTIVES
|
Name : |
Mr. Bhaskar Sudarshan Kshirsagar |
|
Designation : |
Secretary |
|
Address : |
E-302, Globe Heights, Off Filmcity Road,, Goregaon (East),, Mumbai - 400063, Maharashtra, India |
|
Date of Appointment : |
11.02.2015 |
|
PAN No.: |
ANRPK0820G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Oberoi Realty Limited, |
|
5099990 |
|
Santosh Ranvir
Oberoi |
|
4 |
|
Vikas Ranvir
Oberoi and Oberoi Realty Limited, |
|
1 |
|
Bindu Oberoi and Oberoi Realty Limited, |
|
1 |
|
Saumil Daru and Oberoi Realty Limited, |
|
1 |
|
Raman Sapru and Oberoi Realty Limited, |
|
1 |
|
Rajendra Chandorkar and Oberoi Realty Limited, |
|
1 |
|
Arunkumar Kotian and Oberoi Realty Limited, |
|
1 |
|
|
|
|
|
Total |
|
5100000 |
Equity Share Break up (Percentage of Total Equity)
As on 20.08.2014
|
Category |
Percentage of Holding |
|
Bodies
corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged primarily in the business of real estate development. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
State Bank of Mysore, Corporate Accounts Branch, 224, Mittal
Court, "C" |
|
Financial Institutions : |
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|
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|
Auditors : |
|
|
Name : |
P. Raj and Company Chartered Accountants |
|
Address : |
3/1218 Navjivan Commercial Premises Co-operative Society
Limited, Lamington Road, Mumbai – 400008, Maharashtra, India |
|
PAN No.: |
AANFP6200G |
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|
|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
Oberoi Realty Limited |
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Subsidiary : |
Perspective Realty Private Limited [U70200MH2007PTC175541] |
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Fellow subsidiaries
: |
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Jointly controlled
entities / assets: |
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Entities where key
management personnel have significant influence: |
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CAPITAL STRUCTURE
AS ON 20.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 52.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 51.000
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 |
51.000 |
51.000 |
51.000 |
|
(b) Reserves &
Surplus |
15634.659 |
15410.679 |
13616.523 |
|
(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) |
15685.659 |
15461.679 |
13667.523 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
15.626 |
16.850 |
17.034 |
|
(c) Other long term
liabilities |
4.446 |
14.503 |
5.219 |
|
(d) long-term provisions |
0.656 |
0.641 |
0.490 |
|
Total Non-current
Liabilities (3) |
20.728 |
31.994 |
22.743 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1000.000 |
87.775 |
0.000 |
|
(b) Trade payables |
43.234 |
64.610 |
106.076 |
|
(c) Other current
liabilities |
249.407 |
382.041 |
709.741 |
|
(d) Short-term provisions |
60.275 |
59.996 |
178.410 |
|
Total Current Liabilities
(4) |
1352.916 |
594.422 |
994.227 |
|
|
|
|
|
|
TOTAL |
17059.303 |
16088.095 |
14684.493 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
59.953 |
76.876 |
76.235 |
|
(ii) Intangible Assets |
0.135 |
0.200 |
0.407 |
|
(iii) Capital
work-in-progress |
56.827 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
424.729 |
419.621 |
419.253 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10854.232 |
10618.142 |
7692.658 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
11395.876 |
11114.839 |
8188.553 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
3.605 |
0.595 |
0.000 |
|
(b) Inventories |
3822.814 |
4055.799 |
4344.746 |
|
(c) Trade receivables |
230.333 |
121.852 |
339.511 |
|
(d) Cash and cash
equivalents |
1278.755 |
624.067 |
1656.906 |
|
(e) Short-term loans and
advances |
318.929 |
166.463 |
134.344 |
|
(f) Other current assets |
8.991 |
4.480 |
20.433 |
|
Total Current Assets |
5663.427 |
4973.256 |
6495.940 |
|
|
|
|
|
|
TOTAL |
17059.303 |
16088.095 |
14684.493 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1014.645 |
3330.909 |
3368.366 |
|
|
Other Income |
240.713 |
136.751 |
204.990 |
|
|
TOTAL |
1255.358 |
3467.660 |
3573.356 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
176.158 |
288.947 |
136.994 |
|
|
Employees benefits
expense |
7.188 |
2.960 |
(1.110) |
|
|
Other expenses |
618.810 |
880.122 |
1181.948 |
|
|
TOTAL |
802.156 |
1172.029 |
1317.832 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
453.202 |
2295.631 |
2255.524 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.215 |
0.196 |
0.337 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
452.987 |
2295.435 |
2255.187 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.179 |
9.200 |
7.911 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
444.808 |
2286.235 |
2247.276 |
|
|
|
|
|
|
|
Less |
TAX |
161.161 |
432.410 |
364.257 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
283.647 |
1853.825 |
1883.019 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
0.000 |
1.624 |
|
|
TOTAL EARNINGS |
NA |
0.000 |
1.624 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1.080 |
86.630 |
17.540 |
|
|
TOTAL IMPORTS |
1.080 |
86.630 |
17.540 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
55.62 |
363.5 |
369.22 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
10.357 |
2354.408 |
2047.452 |
|
Net cash flows from (used in) operating activities |
(79.417) |
1897.911 |
1618.515 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
27.96 |
55.66 |
55.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
44.67 |
68.92 |
66.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.68 |
14.59 |
15.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.15 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.19 |
8.37 |
6.53 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
51.000 |
51.000 |
51.000 |
|
Reserves & Surplus |
13616.523 |
15410.679 |
15634.659 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
13667.523 |
15461.679 |
15685.659 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
87.775 |
1000.000 |
|
Total borrowings |
0.000 |
87.775 |
1000.000 |
|
Debt/Equity ratio |
0.000 |
0.006 |
0.064 |
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) |
|
Sales |
3368.366 |
3330.909 |
1014.645 |
|
|
|
(1.112) |
(69.538) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3368.366 |
3330.909 |
1014.645 |
|
Profit |
1883.019 |
1853.825 |
283.647 |
|
|
55.90% |
55.66% |
27.96% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
Case Details |
|||||||
|
Bench:- Bombay |
|||||||
|
PRESENTATION DATE : 21.01.2014 |
|||||||
|
Lodging No:- |
ITXAL/218/2014 |
Failing Date:- |
21.01.2014 |
Reg. No.:- |
ITXA/573/2014 |
Reg. Date:- |
15.03.2014 |
|
Petitioner:- |
THE COMMSSIONER OF INCOME TAX. TD |
Respondent:- |
OBEROI CONSTRUCTIONS LIMITED |
||||
|
Petn.Adv:- |
PRAKASH CHANDRA CHHOTARAY (I3415) |
Resp.Adv.: |
ATUL KARSANDAS JASANI (33) |
||||
|
District:- |
MUMBAI |
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|
Bench:- |
DIVISION |
Category:- |
TAX APPEALS |
||||
|
Status:- |
Pre-Admission |
Stage:- |
FOR ADMISSION |
||||
|
Next Date:- |
19.10.2015 |
||||||
|
Coram:- |
ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
||||||
|
Act:- |
Income Tax Act, 1961 |
||||||
|
Under Section : |
260 A |
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UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
1000.000 |
87.775 |
|
|
|
|
|
Total |
1000.000 |
87.775 |
CONTINGENT LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Letters of credit net of margin (gross Rs. Nil, previous year Rs. Nil) |
--- |
--- |
|
Bank guarantees net of margin (gross of Rs. 29.505 Million previous year Nil) |
--- |
--- |
|
Legal cases against the Company not acknowledged as debts |
2.625 |
3.555 |
|
Claims against the Company not acknowledged as debts |
735.549 |
697.158 |
|
Certain other additional matters which are under dispute (including some matters which are pending in court) but which are not acknowledged as debts by the Company |
Amounts not Ascertainable |
Amounts not Ascertainable |
|
MVAT matter in dispute |
47.918 |
0.000 |
|
Income-tax matters in dispute |
48.558 |
46.807 |
|
Corporate guarantee given |
629.000 |
629.000 |
NOTE:
The registered office of the company has been shifted from
International Business Park, Oberoi Garden City, Opposite Western Express Highway,
Goregaon (East), Mumbai - 400063, Maharashtra, India to the present address
w.e.f.21.09.2009.
NATURE OF OPERATIONS
Subject is a public limited company, is engaged primarily in the business of real estate development.
OPERATIONS:
During the year, the company has recorded Total Revenue of Rs. 1014.645 Million as compared to Rs. 3330.909 Million in the previous year. The Profit before tax is Rs. 444.808 Million for the year ended March 31, 2014 as compared to Rs. 2286.235 Million for the previous year. After deducting expenses on account of tax, the Profit after Tax stood at Rs. 283.647 Million for the year as compared to Rs. 1853.825 Million in the previous year.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10582043 |
30/03/2015 |
1,000,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WORLD TRADE COMPLEX, CUFFE PARADE, MU |
C59864330 |
|
2 |
10563354 |
27/03/2015 |
3,126,500,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASH |
C50851161 |
|
3 |
10564520 |
18/03/2015 |
1,143,800,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASH |
C51312221 |
|
4 |
10551258 |
20/03/2015 * |
9,348,600,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFEE PARADE, MUMBAI, MAHARAS |
C64017585 |
|
5 |
10544987 |
21/01/2015 |
3,310,400,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASH |
C41402207 |
|
6 |
10562558 |
13/01/2015 |
3,380,000,000.00 |
STATE BANK OF MYSORE |
CORPORATE ACCOUNTS BRANCH, 224, MITTAL COURT,
"C" |
C50551076 |
|
7 |
10544982 |
12/01/2015 |
22,537,629,642.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASH |
C41400565 |
|
8 |
10538736 |
23/12/2014 |
11,166,760,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASH |
C38124400 |
|
9 |
10538154 |
18/12/2014 |
1,054,744,600.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASH |
C37790318 |
|
10 |
10533586 |
26/11/2014 |
1,792,751,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASH |
C35186915 |
* Date of charge modification
FIXED ASSETS:
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Aircrafts helicopters
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
·
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,
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.64.96 |
|
|
1 |
Rs.100.53 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
|
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.