MIRA INFORM REPORT
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Report No. : |
342068 |
|
Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
AJWANI INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Formerly known
as : |
G. H. CONSTRUCTIONS PRIVATE LIMITED |
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Registered
Office : |
301, Supreme Square, Parihar Chowk, D. P. Road, Aundh, Pune – 411007,
Maharashtra |
|
Tel. No.: |
91-22-67975577 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.08.1986 |
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Com. Reg. No.: |
11–040568 |
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Capital
Investment / Paid-up Capital : |
Rs.20.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201MH1986PTC040568 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA05157F |
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PAN No.: [Permanent Account No.] |
AAACG7651C |
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|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Subject is engaged into infrastructure development activity. |
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No. of Employees
: |
435 (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 2100000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company incorporated in the year 1986.
It is having satisfactory track. Rating takes into consideration healthy financial risk profile of the company
marked by strong networth base along with comfortable gearing in FY 14. Management has reported decent growth in its revenue base along with
fair profit margin in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be slow and delayed. In view of long track of business operations along with decent
financial condition, 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 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
26.02.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
26.02.2015 |
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 (GENERAL DETAILS)
|
Name : |
Ms. Margaret |
|
Designation : |
Receptionist |
|
Contact No.: |
91-22-67975577 |
|
Date : |
19.09.2015 |
LOCATIONS
|
Registered Office / Corporate Office: |
301, Supreme Square, Parihar Chowk, D. P. Road, Aundh, Pune – 411007, Maharashtra, India |
|
Tel. No.: |
91-20-25813318 and 25813324 / 25883302 |
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Fax No.: |
91-20-25813137 / 25883307 |
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E-Mail : |
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Website : |
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Head Office : |
218, Swastik Chambers, C.S.T Road, Chembur, Mumbai - 400071, Maharashtra, India |
|
Tel. No.: |
91-22-67975577 |
|
Fax No.: |
91-22-25224560 |
DIRECTORS
AS ON 30.06.2014
|
Name : |
Navin Gobind Ajwani |
|
Designation : |
Managing Director |
|
Address : |
401, Mangal Swagat CHS, Plot No. 37, Kantwadi Road, Bandra (West), Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1970 |
|
Qualification : |
B.E. (Civil), Ll.B. |
|
Date of Appointment : |
30.09.1993 |
|
PAN No.: |
AAOPA8943N |
|
DIN No.: |
00205675 |
|
|
|
|
Name : |
Sunil Gobind Ajwani |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 290, Sind Society,, Aundh, Pune - 411007, Maharashtra, India |
|
Date of Birth/Age : |
17.04.1969 |
|
Qualification : |
B.E. (Civil) |
|
Date of Appointment : |
01.04.2003 |
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PAN No.: |
AAOPA8942P |
|
DIN No.: |
00214748 |
|
|
|
|
Name : |
Gobind Hirdasing Ajwani |
|
Designation : |
Director |
|
Address : |
402, Mangal Swagat CHS, Plot No. 37, Kantwadi Road, Bandra (West), Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1941 |
|
Qualification : |
B.A., Ll.B. |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
AAQPA8072J |
|
DIN No.: |
00214893 |
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|
|
|
Name : |
Kanahiya Lal Thussu |
|
Designation : |
Director |
|
Address : |
Flat No. 475, BPCL Staff Colony, Aziz Baug, Chembur, Mumbai - 400074, Maharashtra, India |
|
Date of Appointment : |
01.10.2014 |
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DIN No.: |
01513438 |
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|
|
|
Name : |
Sagar Sunil Ajwani |
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Designation : |
Whole-Time Director |
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Address : |
290, Road No.2, Sind Society, Aundh, Pune - 411007, Maharashtra, India |
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Date of Birth/Age : |
27.03.1990 |
|
Qualification : |
B.E. (Civil), M.Sc. (Const. Mgt.) |
|
Date of Appointment : |
01.04.2014 |
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DIN No.: |
06675020 |
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|
|
|
Name : |
Kurra Venkata Krishna Rao |
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Designation : |
Director |
|
Address : |
B - 314, Nilgiri Building, Iit Bombay, Powai, Mumbai - 400076, Maharashtra, India |
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Date of Appointment : |
01.10.2014 |
|
DIN No.: |
07000591 |
KEY EXECUTIVES
|
Name : |
Ms. Margaret |
|
Designation : |
Receptionist |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2014
|
Names Of Shareholders |
|
No. of Shares |
|
Gobind Hirdasing Ajwani jointly with Lajwanti Gobind Ajwani |
|
90000 |
|
Lajwanti Gobind Ajwani jointly with Gobind
Hirdasing Ajwani |
|
28000 |
|
Sunil Gobind Ajwani jointly with Aarti Sunil
Ajwani |
|
35400 |
|
Aarti Sunil Ajwani jointly with Sunil Gobind
Ajwani |
|
5900 |
|
Sagar S. Ajwani jointly with Sunil G. Ajwani |
|
1250 |
|
Sagar Sunil Ajwani jointly with Navin Gobind
Ajwani J |
|
13500 |
|
Jayesh Sunil Ajwani jointly with Aarti Sunil
Ajwani |
|
2950 |
|
Navin Gobind Ajwani jointly with Lajwanti Gobind
Ajwani |
|
110850 |
|
Simran Navin Ajwani (Through Natural Guardian
Navin Gobind Ajwani) jointly with Navin Gobind Ajwani |
|
2950 |
|
Master Pritish Navin Ajwani (Through Natural
Guardian Navin Gobind Ajwani) jointly with Navin Gobind Ajwani |
|
2950 |
|
G. H. Ajwani (Huf) |
|
50 |
|
Sunvin Constructions Private Limited, India |
|
400 |
|
Hariram Bhagwandas Bhambhani |
|
400 |
|
Jagdish Hariram Bhambhani |
|
400 |
|
Total |
|
295000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.06.2014
|
Category |
Percentage |
|
Bodies corporate |
0.14 |
|
Directors or relatives of Directors |
99.57 |
|
Other top fifty shareholders |
0.29 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into infrastructure development activity. |
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Products / Services : |
Infrastructure development activity |
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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, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Others
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No. of Employees : |
435 (Approximately) |
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Bankers : |
ICICI Bank Limited, Landmarkrace Course Circle, Alkapuri, Vadodara - 390015, Gujarat, India |
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Facilities : |
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Auditors : |
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Name : |
Bhagwanani and Kulkarni Chartered Accountants |
|
Address : |
826, Sind Society, Aundh, Pune - 411007, Maharashtra, India |
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PAN No.: |
AABFB9414A |
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Memberships : |
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Collaborators : |
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Associate : |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
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CAPITAL STRUCTURE
AS ON 30.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
595,000 |
Equity Shares |
Rs.100/- each |
Rs.59.500 Million |
|
5,000 |
Preference Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
Total |
|
Rs.60.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
295,000 |
Equity Shares |
Rs.100/- each |
Rs.29.500 Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,00,000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Million |
|
1,00,000 |
Preference Shares |
Rs.100/- each |
Rs.10.000 Million |
|
|
Total |
|
Rs.60.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,00,000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 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 |
20.000 |
20.000 |
14.000 |
|
(b) Reserves &
Surplus |
716.544 |
596.179 |
525.876 |
|
(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) |
736.544 |
616.179 |
539.876 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
99.941 |
101.486 |
79.101 |
|
(b) Deferred tax
liabilities (Net) |
57.663 |
41.488 |
41.688 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.075 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
157.604 |
142.974 |
120.864 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
358.247 |
227.327 |
187.567 |
|
(b) Trade payables |
309.669 |
213.575 |
151.181 |
|
(c) Other current
liabilities |
193.717 |
309.879 |
250.556 |
|
(d) Short-term provisions |
121.900 |
76.024 |
61.214 |
|
Total Current Liabilities
(4) |
983.533 |
826.805 |
650.518 |
|
|
|
|
|
|
TOTAL |
1877.681 |
1585.958 |
1311.258 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
245.737 |
271.086 |
205.294 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
19.662 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
212.738 |
83.699 |
51.160 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.796 |
7.600 |
7.041 |
|
(e) Other Non-current
assets |
6.193 |
24.499 |
3.479 |
|
Total Non-Current Assets |
465.464 |
386.884 |
286.636 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
32.633 |
30.609 |
26.939 |
|
(c) Trade receivables |
156.402 |
119.433 |
130.249 |
|
(d) Cash and cash
equivalents |
490.343 |
457.600 |
326.201 |
|
(e) Short-term loans and
advances |
69.518 |
75.882 |
48.540 |
|
(f) Other current assets |
663.321 |
515.550 |
492.693 |
|
Total Current Assets |
1412.217 |
1199.074 |
1024.622 |
|
|
|
|
|
|
TOTAL |
1877.681 |
1585.958 |
1311.258 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2551.233 |
1779.807 |
1477.473 |
|
|
Direct Income |
49.199 |
13.925 |
10.131 |
|
|
Other Income |
52.373 |
35.819 |
23.224 |
|
|
TOTAL |
2652.805 |
1829.551 |
1510.828 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Operating Expenses |
2281.114 |
1607.511 |
1455.679 |
|
|
Increase (Decrease) in
Work-in-Progress |
(19.011) |
(62.264) |
(185.276) |
|
|
Increase (Decrease) in
Closing Stock |
(2.024) |
(3.670) |
(5.634) |
|
|
Administrative Expenses |
68.821 |
57.420 |
46.335 |
|
|
TOTAL |
2328.900 |
1598.997 |
1311.104 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
323.905 |
230.554 |
199.724 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
59.615 |
52.245 |
27.991 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
264.290 |
178.309 |
171.733 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
79.653 |
65.151 |
49.474 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
184.636 |
113.158 |
122.259 |
|
|
|
|
|
|
|
Less |
TAX |
61.652 |
40.126 |
40.559 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
122.984 |
73.032 |
81.700 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
596.180 |
525.877 |
452.478 |
|
|
|
|
|
|
|
Less |
Short / Excess Provision
of Income Tax |
0.279 |
0.912 |
6.674 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Dividend, Equity Shares, Dividend Tax |
2.340 |
1.817 |
1.627 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
716.545 |
596.180 |
525.877 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
614.92 |
521.66 |
NA |
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 flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.82 |
4.10 |
5.53 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.70 |
12.95 |
13.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.09 |
7.53 |
9.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.18 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
0.53 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44 |
1.45 |
1.58 |
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 |
14.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
525.876 |
596.179 |
716.544 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
539.876 |
616.179 |
736.544 |
|
|
|
|
|
|
long-term borrowings |
79.101 |
101.486 |
99.941 |
|
Short term borrowings |
187.567 |
227.327 |
358.247 |
|
Total borrowings |
266.668 |
328.813 |
458.188 |
|
Debt/Equity ratio |
0.494 |
0.534 |
0.622 |
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 |
1477.473 |
1779.807 |
2551.233 |
|
|
|
20.463 |
43.343 |
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 |
1477.473 |
1779.807 |
2551.233 |
|
Profit |
81.700 |
73.032 |
122.984 |
|
|
5.53% |
4.10% |
4.82% |
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 |
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
89.772 |
85.211 |
|
|
|
|
|
Total |
89.772 |
85.211 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10586003 |
30/07/2015 |
10,099,688.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C61713038 |
|
2 |
10578592 |
30/06/2015 |
5,043,560.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C58250457 |
|
3 |
10529194 |
31/10/2014 |
4,171,200.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C32310807 |
|
4 |
10462275 |
31/10/2013 |
17,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B90366519 |
|
5 |
90082996 |
21/01/2014 * |
1,000,000,000.00 |
UNION BANK OF INDIA |
UNION BANK OF
INDIA, THANE (EAST) BRANCH, KISHORE |
C03396249 |
|
6 |
90084637 |
18/03/2014 * |
150,000,000.00 |
UNION BANK OF INDIA |
THANE (EAST) BRANCH,
KISHORE NAGAR,, DR. CHOITHRA |
C03373016 |
* Date of charge modification
OPERATING PERFORMANCE
The Company has achieved a turnover of Rs.2551.233 Million during the year as against the previous year’s turnover of Rs.1779.807 Million and has earned a profit after tax (PAT) of Rs.122.984 Million as against that of the previous year’s profit of Rs.73.032 Million.
NOTE
The registered office of the company has been shifted from 202, Rhea Apartments, Aundh Road, Khadki, Pune – 411020, Maharashtra, India to the present address w.e.f. 01.11.2012.
INFRASTRUCTURE
PROJECTS AWARDED
During the financial year, the following major Projects each of the value of Rs.200.00 Million and above, were awarded to your Company by various authorities:
1. Development of remaining Works of Dehu Alandi Road as per BRTS Section from Moshi Jadhavwadi to Alandi Gaon Chowk (Ch. 8/250 to Ch. 15/050) awarded by Executive Engineer, Pimpri Chinchwad Municipal Corporation, Pune, of the value of Rs.357.300 Million
2. Improvement of Road by Concretization from Mahanagar Telephone Nigam Limited Office to Braitex Engineering Works in 'R' Block in Thane Trans Creek Industrial Area, Ghansoli, awarded by Executive Engineer, Navi Mumbai Municipal Corporation, Navi Mumbai, of the value of Rs.214.600 Million
3. Construction of Concrete Road from Savita Chemicals to Mahape Junction in Thane Trans Creek Industrial Area awarded by Executive Engineer, Navi Mumbai Municipal Corporation, Navi Mumbai, of the value of Rs.202.700 Million.
FIXED ASSETS
Tangible assets
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office Equipment
- Computer
- Vehicle
Intangible assets
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 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.65.93 |
|
|
1 |
Rs.102.75 |
|
Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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.