|
|
|
MIRA INFORM REPORT
|
Report No. : |
502010 |
|
Report Date : |
06.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHREE NAMAN HOTELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sofitel Mumbai BKC, C-57 &58, G-Block, Bandra Kurla Complex, Bandra
(East), Mumbai Bandra Suburban, Mumbai-400051, Maharashtra |
|
Tel. No.: |
91-22-61523000 |
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|
|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
10.03.2006 |
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|
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Com. Reg. No.: |
11-160441 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 175.177 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2006PTC160441 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
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GST No.: |
27AAJCS7195L1ZI |
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TIN No.: |
27410724652 |
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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.] |
AAJCS7195L |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of operating a Five Star Hotel. [Registered Activity] |
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|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
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|
|
Litigation : |
Exist |
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|
Comments : |
Subject was incorporated in the year 2006. It is a part of Shree Naman
Group. For the financial year 2017, the company has achieved revenue growth
of 6.98% as compared to the previous year but has incurred operational loss. The moderate financial risk profile of the company is marked by eroded
net worth base along with high debt balance sheet profile. Payment seems to be slow and delayed. In view of aforesaid, dealings are recommended on safe and secured
terms. |
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
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
31-03-2016.
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 06.04.2018.
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.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-61523000/ 26653470/ 26523000]
LOCATIONS
|
Registered Office : |
Sofitel Mumbai BKC, C-57 &58, G-Block, Bandra Kurla Complex,
Bandra (East), Mumbai Bandra Suburban, Mumbai-400051, Maharashtra, India |
|
Tel. No.: |
91-22-61523000/ 26653470/ 26523000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Jayesh Arvind Shah |
|
Designation : |
Director |
|
Address : |
2001, Saarthi 20th Floor, 33 KM, Munshi Marg, Chowpatty, Mumbai-400007, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1960 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
10.03.2006 |
|
DIN No.: |
00019978 |
|
|
|
|
Name : |
Mrs. Preeti Arvind Shah |
|
Designation : |
Director |
|
Address : |
2001, Saarthi Building, 33, K.M. Munshi Marg, Chowpatty, Mumbai-400007, Maharashtra, India |
|
Date of Birth/Age : |
30.08.1954 |
|
Qualification : |
BA, LLB |
|
Date of Appointment : |
06.11.2008 |
|
DIN No.: |
00020287 |
|
|
|
|
Name : |
Mr. Rajat Roy |
|
Designation : |
Director |
|
Address : |
1403,Atlantis Raheja Acropolis 1,Deonar Pada Rd Deonar Village, Opp Dutta Guru Society, Chembur, Mumbai-400088, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1969 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.03.2016 |
|
DIN No.: |
03232378 |
|
|
|
|
Name : |
Maniti Jayesh Shah |
|
Designation : |
Director |
|
Address : |
2001, Saarthi, 33, K.M.Munshi Marg, Chowpatty, Mumbai-400007, Maharashtra, India |
|
Date of Birth/Age : |
24.07.1990 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
05.03.2015 |
|
DIN No.: |
06696723 |
|
|
|
|
Name : |
Louise Maree Daley |
|
Designation : |
Additional Director |
|
Address : |
35 Robin Road # 01-04 Robin Regalia Singapore 258210 SG |
|
Date of Appointment : |
16.06.2017 |
|
DIN No.: |
06752216 |
KEY EXECUTIVES
|
Name : |
Mr. Saurabh Mehta |
|
Designation : |
Company Secretary |
|
Address : |
G5/18, Rani Sati Nagar, S.V. Road, Malad West,
Mumbai-400064, Maharashtra, India |
|
Date of Appointment : |
01.06.2015 |
|
PAN No.: |
ARSPM3825E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Shree Naman Developers Limited, India |
|
6272982 |
|
AAPC India Hotel Management Private Limited, India |
|
4165770 |
|
|
|
|
|
Total |
|
10438752 |
|
Names of
Shareholders [1% Non‐Cumulative,
Non‐ Voting, Non‐Participating, Redeemable
Pref. Shares] |
|
No. of Shares |
|
Shree Naman Developers Limited, India |
|
3005000 |
|
AAPC India Hotel Management Private Limited, India |
|
1995000 |
|
|
|
|
|
Total |
|
5000000 |
|
Names of Shareholders [0% Non ‐ Cumulative, Non ‐ Voting, Non ‐ Participating, Fully and
Compulsorily Convertible Pref. Shares] |
|
No. of Shares |
|
Shree Naman Developers Limited, India |
|
1249360 |
|
AAPC India Hotel Management Private Limited, India |
|
829598 |
|
|
|
|
|
Total |
|
2078958 |
AS ON: 24.06.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of operating a Five Star Hotel. [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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
· Indian Bank New Delhi Main Branch, G 41, Connaught Place, New Delhi - 110001, Delhi, India |
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Financial Institution : |
· Axis Trustee Services Limited Axis House, Bombay Dyeing Mills Compound, Pandhurang
Budhkar Marg, Worli, Mumbai-400025, Maharashtra, India |
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (W), Mumbai-400028, Maharashtra, India |
|
PAN No.: |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Holding Company : |
Shree Naman Developers Private Limited, India [U70101MH1993PTC074751] |
|
|
|
|
Associates and Other Related Parties : |
· AAPC India Hotel Management Private Limited · Go-Go Travels Private Limited · Go-Go Foods Private Limited · AAPC Singapore Pte Limited · AAPC (Thailand) Limited · AAPC Sanghai Co. Limited · AAPC Limited · Interglobe Hotels Private Limited · Blueridge Hotels Private Limited · Accor Advantage Plus Marketing India Private Limited · Economy Hotels India Services Private Limited · Accent HotelsPrivate Limited · Shree Naman Healthcare Private Limited · Caddie Hotels Private Limited |
CAPITAL STRUCTURE
AFTER: 24.06.2017
Authorised Capital : INR
272.500 Million
Issued, Subscribed & Paid-up Capital : INR 271.479
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11013042 |
Equity Shares |
INR 10/- each |
INR 110.130 Million |
|
15986958 |
Preference Shares |
INR 10/- each |
INR 159.870 Million |
|
|
Total |
|
INR 270.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10438752 |
Equity Shares |
INR 10/- each |
INR 104.388 Million |
|
7078958 |
Preference Shares |
INR 10/- each |
INR 70.789 Million |
|
|
Total |
|
INR 175.177 Million |
FINANCIAL DATA
[all figures are
in 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 |
175.177 |
175.177 |
163.370 |
|
(b) Reserves and Surplus |
(1123.088) |
(910.434) |
(414.556) |
|
(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) |
(947.911) |
(735.257) |
(251.186) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6762.166 |
6527.936 |
6618.393 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
314.127 |
314.127 |
0.000 |
|
(d) long-term
provisions |
8.156 |
5.904 |
5.021 |
|
Total Non-current
Liabilities (3) |
7084.449 |
6847.967 |
6623.414 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
10.000 |
48.055 |
99.186 |
|
(b) Trade
payables |
207.205 |
166.703 |
198.126 |
|
(c) Other
current liabilities |
856.069 |
1211.454 |
1291.771 |
|
(d) Short-term
provisions |
3.187 |
2.378 |
1.652 |
|
Total Current
Liabilities (4) |
1076.461 |
1428.590 |
1590.735 |
|
|
|
|
|
|
TOTAL |
7212.999 |
7541.300 |
7962.963 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6713.210 |
7073.955 |
7435.985 |
|
(ii)
Intangible Assets |
0.174 |
0.005 |
0.008 |
|
(iii) Tangible assets
capital work-in-progress |
0.776 |
0.776 |
0.776 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.070 |
0.070 |
0.070 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
67.386 |
39.565 |
123.337 |
|
(e) Other
Non-current assets |
197.058 |
196.996 |
192.021 |
|
Total Non-Current
Assets |
6978.674 |
7311.367 |
7752.197 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
56.679 |
58.871 |
55.478 |
|
(c) Trade
receivables |
43.621 |
45.711 |
42.912 |
|
(d) Cash and
bank balances |
51.605 |
18.940 |
81.244 |
|
(e)
Short-term loans and advances |
75.427 |
95.690 |
16.028 |
|
(f) Other
current assets |
6.993 |
10.721 |
15.104 |
|
Total
Current Assets |
234.325 |
229.933 |
210.766 |
|
|
|
|
|
|
TOTAL |
7212.999 |
7541.300 |
7962.963 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1334.938 |
1247.793 |
1114.792 |
|
|
Other Income |
259.872 |
22.867 |
23.711 |
|
|
TOTAL |
1594.810 |
1270.660 |
1138.503 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
165.771 |
168.890 |
155.177 |
|
|
Purchases of
Stock-in-Trade |
0.825 |
1.243 |
1.240 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.003 |
0.003 |
0.015 |
|
|
Employee benefit expense |
225.617 |
211.811 |
198.978 |
|
|
Other expenses |
581.408 |
821.782 |
571.651 |
|
|
Prior period items |
0.000 |
0.000 |
13.673 |
|
|
TOTAL |
973.624 |
1203.729 |
940.734 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
621.186 |
66.931 |
197.769 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
464.623 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
621.186 |
66.931 |
(266.854) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
833.840 |
846.190 |
384.794 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(212.654) |
(779.259) |
(651.648) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
(0.525) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(212.654) |
(779.259) |
(651.123) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
467.925 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
467.925 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
2.477 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
2.477 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(28.22) |
(660.05) |
(644.68) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
145.000 |
290.000 |
265.042 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
414.574 |
246.197 |
(121.479) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
414.574 |
246.197 |
313.175 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
11.93 |
13.37 |
14.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
30.60 |
27.30 |
25.98 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
453.97 |
357.64 |
462.33 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
10.96 |
1.14 |
3.56 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.09 |
0.01 |
0.03 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.11 |
1.09 |
1.06 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(7.30) |
(9.34) |
(27.80) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(1.14) |
(1.94) |
(6.33) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(7.08) |
(9.62) |
(29.61) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.43 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(15.93) |
(62.45) |
(58.41) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(2.95) |
(10.33) |
(8.18) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.43 |
105.98 |
259.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.22 |
0.16 |
0.13 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.17 |
0.12 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.13) |
(0.10) |
(0.03) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
39.49 |
39.19 |
42.74 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.22 |
0.16 |
0.13 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
163.370 |
175.177 |
175.177 |
|
Reserves & Surplus |
(414.556) |
(910.434) |
(1123.088) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(251.186) |
(735.257) |
(947.911) |
|
|
|
|
|
|
Long-term borrowings |
6618.393 |
6527.936 |
6762.166 |
|
Short term borrowings |
99.186 |
48.055 |
10.000 |
|
Current maturities of
long-term debts |
265.042 |
290.000 |
145.000 |
|
Total
borrowings |
6982.621 |
6865.991 |
6917.166 |
|
Debt/Equity
ratio |
(27.799) |
(9.338) |
(7.297) |
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 |
1114.792 |
1247.793 |
1334.938 |
|
|
|
11.931 |
6.984 |
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 |
1114.792 |
1247.793 |
1334.938 |
|
Profit/ (Loss) |
(651.123) |
(779.259) |
(212.654) |
|
|
(58.41
%) |
(62.45
%) |
(15.93
%) |
LEGAL CASES
HIGH COURT
|
MS. JAIN ENGINEERS VS SHREE NAMAN HOTELS T. LTD.
U45200MH2006PTC |
|
high court-Mumbai |
|
Case no:909. CP/249/2012 |
|
Case status:Pending |
|
Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER |
|
Date:2012-10-07T00:00:00Z |
HIGH COURT
|
MS. JAIN ENGINEERS VS SHREE NAMAN HOTELS T. LTD.
U45200MH2006PTC AMT. RS. 7450256 NOT THE RESPONDENT COMPANY. BEFORE B.I.F.R. |
|
high court-Mumbai |
|
Case no:65. CP/249/2012 |
|
Case status:Pending |
|
Judge:BEFORE MRS. A. A. UPADHYE,MASTER & REGISTRAR IN EQUITY AND |
|
Date:2012-07-25T00:00:00Z |
HIGH COURT
|
MS. JAIN ENGINEERS VS SHREE NAMAN HOTELS T. LTD. U45200MH2006PTC
AMT. RS. 7450256 NOT THE RESPONDENT COMPANY. BEFORE B.I.F.R. AFFIDAVIT |
|
high court-Mumbai |
|
Case no:935. CP/249/2012 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
|
Date:2012-09-28T00:00:00Z |
HIGH COURT
|
MS. JAIN ENGINEERS VS SHREE NAMAN HOTELS T. LTD.
U45200MH2006PTC AMT. RS. 7450256 NOT THE RESPONDENT COMPANY. BEFORE B.I.F.R.
AFFIDAVIT BOARD 2892012 |
|
high court-Mumbai |
|
Case no:16. CP/249/2012 |
|
Case status:Pending |
|
Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER |
|
Date:2012-03-10T00:00:00Z |
HIGH COURT
|
MS. JAIN ENGINEERS VS SHREE NAMAN HOTELS T. LTD.
U45200MH2006PTC AMT. RS. 7450256 NOT THE RESPONDENT COMPANY. BEFORE B.I.F.R.
AFFIDAVIT RESP TENDERED IN COURT ADMISSION AS PER ORDER DATED |
|
high court-Mumbai |
|
Case no:13. CP/249/2012 |
|
Case status:Pending |
|
Judge:REGISTRAR (JUDICIAL - I [WP]) |
|
Date:2012-10-29T00:00:00Z |
HIGH COURT
|
MS. JAIN ENGINEERS VS SHREE NAMAN HOTELS T. LTD. U45200MH2006PTC
AMT. RS. 7450256 NOT THE RESPONDENT COMPANY. BEFORE B.I.F.R. AFFIDAVIT RESP
TENDERED IN COURT DIRECTION AS PER ORDER DATED |
|
high court-Mumbai |
|
Case no:CP/249/2012 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE N.M. JAMDAR |
|
Date:2013-08-29T00:00:00Z |
HIGH COURT
|
MS. JAIN ENGINEERS VS SHREE NAMAN HOTELS T. LTD.
U45200MH2006PTC AMT. RS. 7450256 NOT THE RESPONDENT COMPANY. BEFORE B.I.F.R.
AFFIDAVIT RESP TENDERED IN COURT TENDERED BY RESPONDENT DIRECTION AS PER
ORDER DATED |
|
high court-Mumbai |
|
Case no:CP/249/2012 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE S.J. VAZIFDARHON'BLE SHRI JUSTICE M.S. SONAK |
|
Date:2013-12-09T00:00:00Z |
HIGH COURT
|
MS. JAIN ENGINEERS VS SHREE NAMAN HOTELS T. LTD. |
|
high court-Mumbai |
|
Case no:63. CPL/145/2012 |
|
Case status:Pending |
|
Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER |
|
Date:2012-04-05T00:00:00Z |
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 |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G34122366 |
100073857 |
AXIS TRUSTEE SERVICES LIMITED |
30/11/2016 |
- |
- |
2215000000.0 |
AXIS HOUSE, BOMBAY DYEING MILLSCOMPOUND, PANDHURANG BUDHKAR MARG, WORLIMUMBAIMa400025IN |
|
2 |
G09811092 |
10333788 |
AXIS TRUSTEE SERVICES LIMITED |
02/02/2012 |
22/07/2016 |
- |
5280000000.0 |
AXIS HOUSE, BOMBAY DYEING MILLSCOMPOUND, PANDHURANG BUDHKAR MARG, WORLIMUMBAIMa400025IN |
|
3 |
C80213994 |
10222680 |
Indian Bank |
15/04/2010 |
- |
11/02/2016 |
130000000.0 |
NEW DELHI MAIN BRANCHG 41, CONNAUGHT PLACENEW DELHIDL110001IN |
|
4 |
C80214133 |
10206822 |
Indian Bank |
05/02/2010 |
- |
11/02/2016 |
155100000.0 |
NEW DELHI MAIN BRANCHG-41, CONNAUGHT CIRCUS,NEW DELHIDL110001IN |
|
5 |
B27133602 |
10233704 |
INDIABULLS FINANCIAL SERVICES LIMITED |
28/06/2010 |
- |
12/12/2011 |
4000000000.0 |
F-60 MALHOTRA BLDG2ND FLOORCANNAUGHT PALACENEW DELHIDL110001IN |
|
6 |
A90496662 |
10043399 |
IL & FS TRUST COMPANY LIMITED |
07/02/2007 |
25/09/2009 |
03/07/2010 |
2700000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMH400051IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
3093.426 |
3093.426 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances, others |
10.000 |
10.000 |
|
|
|
|
|
Total |
3103.426 |
3103.426 |
CORPORATE INFORMATION:
Shree Naman Hotels Private Limited (‘The Company) is a private limited company incorporated in India. The Company is engaged in the business of operating a five star hotel. The Company has property located at Mumbai, BKC known as Sofitel Mumbai BKC.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
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, India Prisons Service, Interpol,
etc.
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 65.06 |
|
UK Pound |
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
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.