MIRA INFORM REPORT
|
Report No. : |
342624 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SMS INFRASTRUCTURE LIMITED |
|
|
|
|
Formerly Known As : |
SHAKTIKUMAR M. SANCHETI LIMITED |
|
|
|
|
Registered
Office : |
IT Park, 20 S.T.P.L., Gayatri Nagar, Parsodi, Nagpur – 440022,
Maharashtra |
|
Tel. No.: |
91-712-6665000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.05.1997 |
|
|
|
|
Com. Reg. No.: |
11-107906 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.102.614 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201MH1997PLC107906 |
|
|
|
|
IEC No.: |
0301023514 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS00596B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS9854P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in the business of construction and commissioning and Lumpsum Turnkey facilities in various infrastructure projects like Road, Bridges, EPC for power sector, Underground Mining Work etc., for Central/State Governments, other local bodies and Private Sector in the Country. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established incorporated in the year 1997. It has fine
track. Management has registered good top line growth of 4.7% and
consistently high operating profitability in the FY-14. The rating reflects the company’s efficient working capital management,
decent net worth position along with favorable gap between trade payables and
receivables. Trade relations are fair. Business is active. Payments are regular and
as per commitment. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long-term Bank Facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
April 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short-term Bank Facilities= = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
April 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 DENIED BY
Management non-cooperative (Tel No.: 91-712-6665000)
LOCATIONS
|
Registered Office / Corporate Office : |
IT Park, 20 S.T.P.L., Gayatri Nagar, Parsodi, Nagpur – 440022,
Maharashtra, India |
|
Tel. No.: |
91-712-6665000 / 6665200 |
|
Fax No.: |
91-712-2544039 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Site Office 1 : |
Vidharbha Enviro Protection Limited CHW- 01, |
|
Tel. No.: |
91 - 7104-202493 |
|
|
|
|
Site Office 2 : |
Maharashtra Enviro Power Limited Plot No. P- 56, Ranjangaon, Taluka Shirur,
District Pune - 412 220, |
|
Tel. No.: |
91 - 2138 - 670344 |
|
Fax No.: |
91 - 2138 - 670350 |
|
|
|
|
Divisional Office 1
: |
301, Pentagon P3, Magarpatta City, Hadapsar, Pune-411028, Maharashtra,
India |
|
Tel. No.: |
91-20-66801100 |
|
E-Mail : |
|
|
|
|
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Divisional Office 2
: |
|
|
Tel. No.: |
91 - 11-41319903/04, 46517251/52/53 |
|
Fax No.: |
91 - 11-46517250 |
|
|
|
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Divisional Office 3
: |
|
|
Tel. No.: |
91 -240 - 2473047 |
|
Fax No.: |
91 -240-2470145 |
DIRECTORS
As on 26.09.2014
|
Name : |
Mr. Abhaykumar H. Sancheti |
|
Designation : |
Whole-time Director |
|
Address : |
Plot No.45, Sashwath, |
|
Date of Birth/Age : |
29.07.1959 |
|
Date of Appointment : |
08.05.1997 |
|
DIN : |
01654073 |
|
|
|
|
Name : |
Mr. Ajay Shaktikumar Sancheti |
|
Designation : |
Managing Director |
|
Address : |
267, Ganesh Phadnavis Bhavan, Near Triangular Park, Dharam Peth, |
|
Date of Birth/Age : |
22.10.1965 |
|
Date of Appointment : |
27.12.2010 |
|
DIN : |
00953304 |
|
|
|
|
Name : |
Mr. Anand Shaktikumar Sancheti |
|
Designation : |
Whole-time Director |
|
Address : |
267, Ganesh Phadnavis Bhavan, Near Triangular Park, Dharam Peth, |
|
Date of Birth/Age : |
16.09.1971 |
|
Date of Appointment : |
08.05.1997 |
|
DIN : |
00953362 |
|
|
|
|
Name : |
Mr. Anil H. Sancheti |
|
Designation : |
Director |
|
Address : |
267, Ganesh Phadnavis Bhavan, Near Triangular Park, Dharampeth, Nagpur
– 440010, Maharashtra, India |
|
Date of Birth/Age : |
10.12.1964 |
|
Date of Appointment : |
10.03.2010 |
|
DIN : |
01841800 |
|
|
|
|
Name : |
Mr. Dilip B. Surana |
|
Designation : |
Whole-time Director |
|
Address : |
202, Sanket Apartments, Near Dharampeth Zenda Chowk, |
|
Date of Birth/Age : |
24.05.1965 |
|
Date of Appointment : |
24.05.2007 |
|
DIN : |
00953495 |
|
|
|
|
Name : |
Mr. Ajay Kumar Lakhotia |
|
Designation : |
Director |
|
Address : |
Merlin Niket, 88-E, Babu Ram Ghosh Road, Flat 1B/C, Kolkata – 700040,
West Bengal, India |
|
Date of Birth/Age : |
03.12.1959 |
|
Date of Appointment : |
24.05.2007 |
|
DIN : |
00634602 |
|
|
|
|
Name : |
Ms. Renu Challu |
|
Designation : |
Director |
|
Address : |
A 34/1, Afochs, Sainikpuri, Secunderabad - 500094, Andhra Pradesh, India |
|
Date of Birth/Age : |
30.01.1952 |
|
Date of Appointment : |
14.12.2013 |
|
DIN No.: |
00157204 |
|
|
|
|
Name : |
Mr. Ramendra Gupta |
|
Designation : |
Director |
|
Address : |
#358, 6th Main, 4th Cross, Ideal Home, Rajarajeshwari Nagar, Banglore - 560098, Karnataka, India |
|
Date of Birth/Age : |
07.07.1949 |
|
Date of Appointment : |
14.12.2013 |
|
DIN No.: |
00306663 |
KEY EXECUTIVES
|
Name : |
Mrs. Smita Pankaj Agarkar |
|
Designation : |
Secretary |
|
Address : |
70 B, Shri Gajanan Kripa, C/O. Mr. Harne, Near Adamshah School, Shiv Nagar, Nagpur - 440009, Maharashtra, India |
|
Date of Birth/Age : |
28.12.1979 |
|
Date of Appointment : |
02.02.2011 |
|
PAN No.: |
AIOPA4318B |
|
|
|
|
Name : |
Mr. Sushant Subhashchandra Mukherjee |
|
Designation : |
Chief Executive Officer |
|
Address : |
28, Hindustan Colony, Amravati Road, Nagpur - 440033, Maharashtra, India |
|
Date of Appointment : |
22.09.2014 |
|
PAN No.: |
AMEPM2268G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Abhay kumar H. Sancheti |
|
2872347 |
|
Ajay Shaktikumar Sancheti |
|
2154236 |
|
Anand Shaktikumar Sancheti |
|
2154236 |
|
Bharti A. Sancheti |
|
106 |
|
Savita A. Sancheti |
|
106 |
|
Shruti A. Sacheti |
|
106 |
|
Anand S. Sancheti |
|
487172 |
|
Femina Share Management Services Private Limited |
|
800450 |
|
Femina Industrial Finance Private Limited, |
|
1008676 |
|
Best Power Plus Private Limited, |
|
341519 |
|
Abhay Saktikumar Sancheti |
|
179522 |
|
Ajay Saktikumar Sancheti |
|
134640 |
|
Total |
|
10133116 |
As on 31.03.2015
|
Names of Allottees |
|
No. of Shares |
|
Abhay Sancheti |
|
21815 |
|
Ajay Sancheti |
|
16361 |
|
Anand r Sancheti |
|
16361 |
|
Best Power Plus Private Limited, |
|
2540 |
|
Femina Share Management Services Private Limited |
|
33734 |
|
Femina Industrial Finance Private Limited, |
|
37455 |
|
Total |
|
128266 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2014
|
Category |
Percentage |
|
Bodies corporate |
21.22 |
|
Directors or relatives of Directors |
70.87 |
|
Other top fifty shareholders |
7.91 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of construction and commissioning and Lumpsum Turnkey facilities in various infrastructure projects like Road, Bridges, EPC for power sector, Underground Mining Work etc., for Central/State Governments, other local bodies and Private Sector in the Country. |
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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 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 : |
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Facilities : |
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Auditors : |
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|
Name : |
C. R. Sagdeo and Company Chartered Accountants |
|
Address : |
Prabha Niwas, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFC9503D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company
: |
U40105MH2005PLC150780
U74999MH2008PTC178827
U45203MH1999PTC181033
U40101MH2006PTC166038
U74930MH2005PTC156774
U14200MH2007PTC170870
U45400MH2007PLC172869
U93090MH2007PTC167615
U60230MH2011PTC220163
U72900MH2011PTC221718
U13200MH2008PTC186685
U63000MH2013PTC240214
U45203CT1997PTC012220
SMS Waluj Cetp Private Limited, India
U45203RJ2002PLC018003
U45203DL2011PTC218839 |
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Other related parties : |
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Joint venture : |
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CAPITAL STRUCTURE
After 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10261382 |
Equity Shares |
Rs.10/- each |
Rs.102.614
Million |
|
|
|
|
|
As on 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10133116 |
Equity Shares |
Rs.10/- each |
Rs.101.331
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 |
101.331 |
95.370 |
95.370 |
|
(b) Reserves & Surplus |
4065.733 |
3503.302 |
3118.489 |
|
(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) |
4167.064 |
3598.672 |
3213.859 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2484.361 |
2411.817 |
2317.368 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
9.416 |
18.237 |
|
(c) Other long term
liabilities |
310.799 |
227.933 |
150.686 |
|
(d) long-term provisions |
30.008 |
22.327 |
16.213 |
|
Total
Non-current Liabilities (3) |
2825.168 |
2671.493 |
2502.504 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2990.545 |
3045.174 |
2855.571 |
|
(b) Trade payables |
167.501 |
198.706 |
291.224 |
|
(c) Other current liabilities |
1765.454 |
1620.712 |
1542.508 |
|
(d) Short-term provisions |
128.006 |
87.152 |
15.750 |
|
Total
Current Liabilities (4) |
5051.506 |
4951.744 |
4705.053 |
|
|
|
|
|
|
TOTAL |
12043.738 |
11221.909 |
10421.416 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1849.624 |
2033.880 |
2209.815 |
|
(ii) Intangible Assets |
3.661 |
4.037 |
2.209 |
|
(iii) Capital work-in-progress |
3.295 |
3.707 |
17.536 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1645.254 |
1441.854 |
1211.502 |
|
(c) Deferred tax assets (net) |
9.477 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1044.617 |
709.272 |
1109.290 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
4555.928 |
4192.750 |
4550.352 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3824.387 |
3149.878 |
2284.031 |
|
(c) Trade receivables |
1844.967 |
2027.247 |
1642.338 |
|
(d) Cash and cash equivalents |
667.614 |
676.917 |
711.357 |
|
(e) Short-term loans and
advances |
1150.842 |
1175.117 |
1233.338 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
7487.810 |
7029.159 |
5871.064 |
|
|
|
|
|
|
TOTAL |
12043.738 |
11221.909 |
10421.416 |
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
Revenue from operations |
11540.781 |
11020.093 |
11309.502 |
|
|
Other Income |
199.767 |
242.733 |
298.567 |
|
|
TOTAL
(A) |
11740.548 |
11262.826 |
11608.069 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2339.787 |
1592.046 |
0.000 |
|
|
Employees benefits expense |
413.468 |
357.834 |
413.564 |
|
|
Other expenses |
6907.836 |
7376.594 |
9236.255 |
|
|
TOTAL
(B) |
9661.091 |
9326.474 |
9649.819 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
2079.457 |
1936.352 |
1958.250 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1184.311 |
1000.430 |
893.696 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
895.146 |
935.922 |
1064.554 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
319.101 |
313.833 |
296.414 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
576.045 |
622.089 |
768.140 |
|
|
|
|
|
|
|
Less |
TAX (H) |
176.107 |
180.054 |
198.791 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
399.938 |
442.035 |
569.349 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
2588.200 |
2247.600 |
1792.900 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
9.900 |
44.235 |
56.900 |
|
|
Interim Dividend Paid |
11.100 |
57.200 |
157.400 |
|
|
Provision for final Dividend |
0.000 |
0.000 |
0.000 |
|
|
Total
(M) |
21.000 |
101.435 |
214.300 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
2967.138 |
2588.200 |
2247.600 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
39.47 |
46.35 |
59.69 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
644.703 |
579.233 |
583.010 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1490.883 |
1216.406 |
238.854 |
|
Net cash flow from operating activity |
1168.815 |
977.907 |
(80.226) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.47 |
4.01 |
5.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
18.02 |
17.57 |
17.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.55 |
6.36 |
8.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.17 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.47 |
1.68 |
1.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48 |
1.42 |
1.25 |
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 |
95.370 |
95.370 |
101.331 |
|
Reserves & Surplus |
3118.489 |
3503.302 |
4065.733 |
|
Net
worth |
3213.859 |
3598.672 |
4167.064 |
|
|
|
|
|
|
long-term borrowings |
2317.368 |
2411.817 |
2484.361 |
|
Short term borrowings |
2855.571 |
3045.174 |
2990.545 |
|
Current Maturities Of Long-Term
Debts |
583.010 |
579.233 |
644.703 |
|
Total
borrowings |
5755.949 |
6036.224 |
6119.609 |
|
Debt/Equity
ratio |
1.791 |
1.677 |
1.469 |
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 |
11309.502 |
11020.093 |
11540.781 |
|
|
|
(2.559) |
4.725 |
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 |
11309.502 |
11020.093 |
11540.781 |
|
Profit |
569.349 |
442.035 |
399.938 |
|
|
5.03% |
4.01% |
3.47% |
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 |
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 |
|
|
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 |
REVIEW OF FINANCIAL PERFORMANCE
The Indian economy continued to be sluggish during the year with GDP dropping to lower than 5%. The expected turnaround and improvement in Infrastructure, Mining, power and port sector did not materialize. Orders were few and the market witnessed predatory pricing strategies by certain competitors which also affected the order book and the capacity utilization of the Company. Globally as well as in Indian the Infrastructure Industry also remained depressed during the year under review impacting performance of business of the subsidiaries.
The Board reviewed the overall scenario and has laid down strategies to be followed under the current adverse economic scenario to improve the performance.
Despite these constraints and challenging environment, particular in the Infrastructure Industry the Company performed satisfactorily and the Company has bagged various orders in the Roads and Bridges, Mining, Airports, Environment, Railway and Multi Level Car Parking.
FUTURE OUTLOOK
The infrastructure sector in the country continues to face challenges in the year. High interest costs, policy paralysis and low order flow persist. With the policy announcements and the initiatives made by the new government it is expected that the various problems faced by this sector would be addressed, resulting in clearing the road for Infra projects in the years to come.
India is globally the 10th largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). India is the world’s 19th largest exporter and 10th largest importer. With a trillion rupee investment envisaged for the next Five Year Plan (2012- 17), India’s infrastructure investment is bound to grow significantly. To maintain its growth momentum, the provision of adequate infrastructural facilities is infrastructural investment of about USD 1,025 Billion is necessary during the Twelfth Five Year Plan (2012-17) to achieve a share of 9.95% as a proportion of GDP. Government of India is attempting to improve the country’s infrastructure as a top policy priority and recently came out with measures to revive the activities in the road infrastructure sector.
The company has bagged large projects, of Railways, Mining, Airport, Environment and Multilevel car parking on standalone basis. The company expects to get more of such projects on the basis of significant experience, expertise and capabilities in execution of its projects mainly in the roads and bridges, railways, mining and, electrical enabling it to maintain good order book position which will boost the prospects of the Company.
There is renewed hope of improvement in the Indian economy. Government has laid down emphasis in infrastructure projects which should help the Company in terms of getting new orders.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10592077 |
24/08/2015 |
75,000,000.00 |
BULDHANA URBAN CO-OPERATIVE CREDIT SOCIETY |
SAHAKAR SETU, HUTATMA GORE PATH,BULDHANA, BULDHAN |
C64744626 |
|
2 |
10575731 |
23/05/2015 |
1,433,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai, Maharashtra - 400005,
INDIA |
C56850936 |
|
3 |
10581164 |
10/04/2015 |
4,750,000.00 |
ICICI BANK LIMITED |
ICICI BANK LIMITED, BANDRA KURLA COMPLEX, MUMBAI, |
C59460857 |
|
4 |
10558743 |
08/03/2015 |
250,000,000.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, West Bengal - 700046, INDIA |
C48840250 |
|
5 |
10548426 |
19/01/2015 |
34,000,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS, BANDRA KURLA COMPLEX, MUMBAI, |
C43180249 |
|
6 |
10514159 |
18/07/2014 |
5,100,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES, DR. V.B GANDHI MARG, FORT, MUMBAI, Maharashtra - 400001,
INDIA |
C15826951 |
|
7 |
10514805 |
11/07/2014 |
5,050,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES, DR. V.B GANDHI MARG, FORT, MUMBAI, Maharashtra - 400001,
INDIA |
C16361099 |
|
8 |
10490174 |
28/03/2014 |
5,600,850.00 |
ICICI BANK LIMITED |
ICICI BANK LIMITED, BANDRA KURLA COMPLEX, MUMBAI, |
C03796745 |
|
9 |
10477589 |
30/01/2014 |
823,000.00 |
ICICI BANK LIMITED |
ICICI BANK LIMITED, BANDRA KURLA COMPLEX, MUMBAI, |
B96368436 |
|
10 |
10473013 |
31/12/2013 |
7,229,988.00 |
ICICI BANK LIMITED |
ICICI BANK LIMITED, BANDRA KURLA COMPLEX, MUMBAI, |
B94529690 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.65.96 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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.