|
|
|
MIRA INFORM REPORT
|
Report No. : |
500669 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
DARSHANAM LIFE SPACE PRIVATE LIMITED |
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|
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Registered
Office : |
3rd Floor, Platinum Complex, Opposite Ganga Jamana
Hospital, Subhanpura, Vadodara – 390023, Gujarat |
|
Tel No: |
91-265-6531831 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
08.07.2009 |
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|
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Com. Reg. No.: |
04-057489 |
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Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201GJ2009PTC057489 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AADCD2030M |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of development of
Real Estate and Construction of Residential and Commercial Complexes.
(Registered Activity) |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 1153000 |
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|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2009. It is engaged in providing Real Estate services. For the financial year 2017, the company has achieved 24.38% growth in its revenue as compared to previous year revenue along with average profit margin of 4.86%. The sound financial profile of the company is marked by adequate networth base along with negligible debt level. The company has favourable Earning Per Share (EPS) of INR 57.12 against a face value (FV) of INR 10. However, these rating strengths are partially offset by highly competitive real estate industry and unfavourable gap between trade payables and trade receivables. Business is active. Payment seems to be slow but correct. In view of aforesaid, 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term = BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
31.03.2017 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 02.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
LOCATIONS
|
Registered Office : |
3rd Floor, Platinum Complex, Opposite Ganga Jamana Hospital,
Subhanpura, Vadodara – 390023, Gujarat, India |
|
Tel. No.: |
91-265-6531831 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Dilip Hazarilal Agrawal |
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Designation : |
Managing Director |
||||||||||||||||
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Address : |
A-2, Sevashram Society, Near Atma Jyoti Ashram, Ellora Park,
Race Cource, Vadodara – 390007, Gujarat, India |
||||||||||||||||
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Date of Birth/Age : |
27.04.1967 |
||||||||||||||||
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Date of Appointment : |
08.07.2009 |
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DIN No.: |
01802405 |
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Other Directorship:
|
|||||||||||||||||
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|
||||||||||||||||
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Name : |
Mr. Kaushalkumar Hazarilal Agrawal |
||||||||||||||||
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Designation : |
Director |
||||||||||||||||
|
Address : |
A-2, Sevashram Society, Near Atma Jyoti Ashram, Ellora
Park, Race Cource, Vadodara – 390007, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
09.04.1965 |
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Date of Appointment : |
08.07.2009 |
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DIN No.: |
01778512 |
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|
||||||||||||||||
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Name : |
Mr. Sumit Jagdishchandra Agrawal |
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Designation : |
Director |
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|
Address : |
A-E, Sevashram Society, Near Atma Jyoti Ashram, Ellora
Park, Race Cource, Vadodara – 390007, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
15.09.1981 |
||||||||||||||||
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Date of Appointment : |
08.07.2009 |
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DIN No.: |
01779137 |
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Other Directorship:
|
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|
||||||||||||||||
|
Name : |
Mr. Anil Makkhanlal Agrawal |
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Designation : |
Director |
||||||||||||||||
|
Address : |
A-2, Sevashram Society, Near Atma Jyoti Ashram, Ellora
Park, Race Cource, Vadodara – 390007, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
29.08.1977 |
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Date of Appointment : |
08.07.2009 |
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DIN No.: |
01779148 |
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|
||||||||||||||||
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Name : |
Mr. Amit Makkhanlal Agrawal |
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Designation : |
Director |
||||||||||||||||
|
Address : |
A-2, Sevashram Society, Near Atma Jyoti Ashram, Ellora
Park, Race Cource, Vadodara – 390007, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
25.03.1981 |
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Date of Appointment : |
08.07.2009 |
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DIN No.: |
01779173 |
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|
||||||||||||||||
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Name : |
Mr. Mukesh Jagdishprasad Agrawal |
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Designation : |
Director |
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Address : |
15.B, Gajanand Society, Nr.Manjalpur Naka, Manjalpur,
Vadodara – 390011, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
12.06.1971 |
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Date of Appointment : |
08.07.2009 |
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DIN No.: |
01779191 |
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Other Directorship:
|
|||||||||||||||||
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|
||||||||||||||||
|
Name : |
Mr. Sunil Jagdishchandra Agrawal |
||||||||||||||||
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Designation : |
Director |
||||||||||||||||
|
Address : |
A-2, Sevashram Society, Near Atma Jyoti Ashram, Ellora
Park, Race Cource, Vadodara – 390007, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
05.10.1968 |
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Date of Appointment : |
08.07.2009 |
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DIN No.: |
01802424 |
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Other Directorship:
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|||||||||||||||||
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|
||||||||||||||||
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Name : |
Mr. Kamal Jagdishbhai Agrawal |
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Designation : |
Director |
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Address : |
B-9.10, Anandvan Society, Near Aagan Tower, Manjalpur,
Vadodara – 390011, Gujarat, india |
||||||||||||||||
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Date of Appointment : |
04.06.2015 |
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DIN No.: |
07200547 |
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|
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Name : |
Mr. Rakesh Punambhai Patel |
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Designation : |
Director |
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Address : |
B-10, Vrundawan Township, Vadodara – 390011, Gujarat,
india |
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Date of Appointment : |
04.06.2015 |
||||||||||||||||
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DIN No.: |
07200569 |
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Name : |
Mr. Ashwin Natubhai Patel |
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Designation : |
Director |
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Address : |
Patel Faliya, Opposite Lallubhai Park, Subhanpura,
Vadodara – 390011, Gujarat, india |
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Date of Appointment : |
06.06.2017 |
||||||||||||||||
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DIN No.: |
07820448 |
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
76.29 |
|
Promoters- Body corporate |
8.69 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
15.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of development of
Real Estate and Construction of Residential and Commercial Complexes. (Registered
Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Mukund and Rohit Chartered Accountants |
|
Address : |
No. 8, SF, E Tower, Avishkar Complex, OP Road, Vadodara – 390007, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFM4355J |
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|
|
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Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Ishaan Traders |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
5.000 |
|
(b) Reserves &
Surplus |
393.834 |
336.713 |
136.884 |
|
(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) |
403.834 |
346.713 |
141.884 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.664 |
6.259 |
4.124 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.500 |
0.768 |
0.000 |
|
(d) long-term provisions |
4.425 |
0.756 |
0.000 |
|
Total Non-current
Liabilities (3) |
6.589 |
7.783 |
4.124 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1325.955 |
1037.046 |
900.284 |
|
(b) Trade payables |
128.388 |
40.481 |
108.954 |
|
(c) Other current
liabilities |
612.510 |
823.359 |
1109.863 |
|
(d) Short-term provisions |
36.575 |
30.355 |
13.798 |
|
Total Current Liabilities
(4) |
2103.428 |
1931.241 |
2132.899 |
|
|
|
|
|
|
TOTAL |
2513.851 |
2285.737 |
2278.907 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12.220 |
16.634 |
20.517 |
|
(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 |
0.325 |
0.100 |
0.000 |
|
(c) Deferred tax assets
(net) |
4.230 |
2.513 |
1.621 |
|
(d) Long-term Loan and Advances |
1.532 |
1.532 |
0.000 |
|
(e) Other Non-current
assets |
3.603 |
1.795 |
3.096 |
|
Total Non-Current Assets |
21.910 |
22.574 |
25.234 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2313.763 |
2017.431 |
2118.292 |
|
(c) Trade receivables |
0.000 |
0.100 |
1.867 |
|
(d) Cash and cash
equivalents |
8.187 |
3.063 |
8.454 |
|
(e) Short-term loans and
advances |
169.991 |
242.569 |
125.060 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
2491.941 |
2263.163 |
2253.673 |
|
|
|
|
|
|
TOTAL |
2513.851 |
2285.737 |
2278.907 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1174.570 |
944.365 |
324.445 |
|
|
Other Income |
0.648 |
0.058 |
0.203 |
|
|
TOTAL |
1175.218 |
944.423 |
324.648 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1049.957 |
513.627 |
402.128 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(296.332) |
100.861 |
(315.742) |
|
|
Employees benefits
expense |
86.194 |
50.779 |
39.202 |
|
|
CSR
expenditure |
1.433 |
1.107 |
0.000 |
|
|
Extraordinary
items |
0.115 |
0.063 |
0.000 |
|
|
Other expenses |
91.639 |
59.264 |
48.099 |
|
|
TOTAL |
933.006 |
725.701 |
173.687 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
242.212 |
218.722 |
150.961 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
140.007 |
119.094 |
101.994 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
102.205 |
99.628 |
48.967 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.144 |
6.841 |
7.441 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
97.061 |
92.787 |
41.526 |
|
|
|
|
|
|
|
Less |
TAX |
39.940 |
31.709 |
16.243 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
57.121 |
61.078 |
25.283 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
197.962 |
136.884 |
111.617 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
57.121 |
61.078 |
50.57 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
53.156 |
36.700 |
17.158 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.04 |
2.10 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
9443.65 |
173.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
44.63 |
28.77 |
98.89 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.10 |
0.11 |
0.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
19.82 |
13.15 |
7.36 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.84 |
0.85 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.29 |
3.01 |
6.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.21 |
5.57 |
15.03 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.03 |
0.05 |
0.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.73 |
1.84 |
1.48 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.86 |
6.47 |
7.79 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.27 |
2.67 |
1.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.14 |
17.62 |
17.82 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.18 |
1.17 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.08 |
0.13 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.16 |
0.15 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
132.76 |
104.33 |
180.88 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.18 |
1.17 |
1.06 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
5.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
136.884 |
336.713 |
393.834 |
|
Net worth |
141.884 |
346.713 |
403.834 |
|
|
|
|
|
|
long-term borrowings |
4.124 |
6.259 |
1.664 |
|
Short term borrowings |
900.284 |
1037.046 |
1325.955 |
|
Current Maturities of
Long term debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
904.408 |
1043.305 |
1327.619 |
|
Debt/Equity ratio |
6.374 |
3.009 |
3.288 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
324.445 |
944.365 |
1174.570 |
|
|
|
191.071 |
24.377 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
324.445 |
944.365 |
1174.570 |
|
Profit/(Loss) |
25.283 |
61.078 |
57.121 |
|
|
7.79% |
6.47% |
4.86% |
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 |
No |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Corporate
Information
The company is a Private Limited Company domiciled in India and incorporated under the Companies Act, 1956. The Company is engaged in the business of development of Real Estate and Construction of Residential and Commercial Complexes. The Company has also started dealing in shares, securities and derivatives
State of Company's
Affairs
The total Income of the Company was INR 1175.217 Million against INR 944.422 Million in the previous year which shows the increase in revenue by substantially. During the period, The Company has earned a Profit after tax of INR 57.121 Million compared to INR 61.079 Million in the previous year which shows the decrease by substantially
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
14.557 |
13.467 |
|
Deposits from directors |
729.730 |
601.142 |
|
Deposits from shareholders |
137.498 |
14.460 |
|
Deposits from others |
179.017 |
32.016 |
|
Total |
1060.802 |
661.085 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G73917395 |
10543565 |
STATE BANK OF INDIA |
23/12/2014 |
18/09/2017 |
- |
226000000.0 |
SPECIALISED COMMERCIAL BRANCH2NDFLOORTRIDENT COMPLEX, OPPOSITE GERI NEAR RACE, COURCE, VADODARA – 390007, GUJARAT, INDIA |
|
2 |
G73917072 |
10543566 |
STATE BANK OF INDIA |
23/12/2014 |
16/10/2017 |
- |
226000000.0 |
SPECIALISED COMMERCIAL BRANCH2NDFLOORTRIDENT COMPLEX, OPPOSITE GERI NEAR RACE, COURCE, VADODARA – 390007, GUJARAT, INDIA |
|
3 |
C38639670 |
10320704 |
BANK OF BARODA |
11/11/2011 |
- |
23/12/2014 |
1750000.0 |
SPECIALISED COMMERCIAL BRANCH2NDFLOORTRIDENT COMPLEX, OPPOSITE GERI NEAR RACE, COURCE, VADODARA – 390007, GUJARAT, INDIA |
|
4 |
C38639720 |
10361506 |
BANK OF BARODA |
22/05/2012 |
- |
23/12/2014 |
450000000.0 |
SPECIALISED COMMERCIAL BRANCH2NDFLOORTRIDENT COMPLEX, OPPOSITE GERI NEAR RACE, COURCE, VADODARA – 390007, GUJARAT, INDIA |
|
5 |
C38639654 |
10319978 |
INDIA INFOLINE FINANCE LIMITED |
15/11/2011 |
- |
10/12/2014 |
57000000.0 |
IIFL HOUSE, SUN INFOTECH PARK, ROAD NO. 16V,PLOT NO.B-23, THANE INDUSTRIAL AREA, WAGLE ESTATE, THANE – 400604, MAHARASHTRA, INDIA |
FIXED ASSETS:
- Plant and equipment
- Factory equipments
- Vehicles
- Motor vehicle
- Office equipment
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
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.