|
|
|
MIRA INFORM REPORT
|
Report No. : |
502523 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIJAY NIRMAN COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D. No. 11-9-16, Dasapalla Hills, Visakhapatnam-530003, Andhra Pradesh |
|
Tel. No.: |
91-891-2575755/ 2573380 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
26.09.1994 |
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|
|
|
Com. Reg. No.: |
01-047097 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 175.539
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200AP2005PTC047097 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
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GSTN : [Goods & Service Tax
Registration No.] |
37AABCV6001E1ZQ |
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|
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TIN No.: |
37897256961 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCV6001E |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the business of undertaking all types of civil, electrical and mechanical works and civil construction of projects, undertaking of supply works and other engineering works with State and Central Governments, corporations, private companies, municipalities and other local Government bodies or authorities. [Registered Activity] |
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|
|
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No. of Employees
: |
Not Divulged |
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 4169200 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1994 and it is having satisfactory track. The company executes civil contracts on turnkey basis. It constructs residential/commercial buildings, roads, bridges, metros, railways, industrial infrastructure and piling works across India.
For the financial year 2017, the company has increased in its revenue from operations as compared to previous year but reported minimal profitability margin of 0.09%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and average debt balance sheet. Further, rating also reflects from extensive experience and successful track record of its promoters, established relationship with customers and healthy and diverse order book. However, rating strength is partially offset by large working capital requirement and exposure to tender-driven business. Trade relations are reported as fair. Business is active. Payment terms are seems to be slow but correct. In view of the 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 Rating=BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
06.02.2018 |
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 07.04.2018.
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: 91-891-2573380/ 2575755]
LOCATIONS
|
Registered/ Corporate Office : |
D. No. 11-9-16, Dasapalla Hills, Visakhapatnam-530003, Andhra Pradesh,
India |
|
Tel. No.: |
91-891-2575755/ 2573380 |
|
Fax No.: |
91-891-2754046 |
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E-Mail : |
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|
Website : |
|
|
|
|
|
8-3-833/118, Kamalapuri Phase – 1, Srinagar Colony, Hyderabad – 500 073, Telangana, India Tel. No.:91-40-42015019 Fax No.:91-40-23733890 E-Mail: vnchyd@vijaynirman.com #105, 7th Main, 4th Cross, MLA Layout, RMV 2nd Stage, Bengaluru – 560 094, Karnataka, India Tel. No.:91-80-67433355 E-Mail: vncblr@vijaynirman.com Plot No 65, 1st Floor, RPTS Road, Surendra Nagar, Nagpur – 440 015, Maharashtra, India Tel. No.:91-712-2236448 Fax No.:91-712-2240787 E-Mail: vncngp@vijaynirman.com Flat No. 2, Ground Floor, Pocket 7, Sector 12, Rihayasi Apartment, Dwarka, New Delhi- 110075, India E-Mail: vncdelhi@vijaynirman.com |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Vijaya Kumar Surapaneni |
|
Designation : |
Wholetime Director |
|
Address : |
8-1-68, Doctors Colony Pedawaltair, Visakhapatnam-530017, Andhra Pradesh, India |
|
Date of Appointment : |
10.08.2005 |
|
PAN No.: |
AJJPS0703L |
|
DIN No.: |
00087623 |
|
|
|
|
Name : |
Mr. Anil Dhanpat Agrawal |
|
Designation : |
Additional Director |
|
Address : |
Bungalow No 8/A ,Eden Bungalows Co-Op Hsg Soc Ltd, Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra, India |
|
Date of Appointment : |
05.03.2018 |
|
DIN No.: |
00360114 |
|
|
|
|
Name : |
Gangasani Kumaraswamy Reddy |
|
Designation : |
Director |
|
Address : |
Flat No. 5a, Nugget Apartments Srinagar Colony, Hyderabad-500073, Andhra Pradesh, India |
|
Date of Birth/Age : |
17.11.1934 |
|
Qualification : |
IAS (RETIRED) |
|
Date of Appointment : |
10.05.2008 |
|
DIN No.: |
00450127 |
|
|
|
|
Name : |
Mr. Venkata Vishnu Vara Prasad Anne |
|
Designation : |
Wholetime Director |
|
Address : |
1-111-15, Sector - Viii Mvp Colony, Visakhapatnam-530017, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.08.1952 |
|
Qualification : |
M.sc |
|
Date of Appointment : |
10.08.2005 |
|
DIN No.: |
00466618 |
|
|
|
|
Name : |
Mr. Venkata Ramana Yalamanchili |
|
Designation : |
Wholetime Director |
|
Address : |
147/1, Mla Layout, Lottegollahalli Bangalore North, R.M.V. Extension Ii Stage, Bangalore-560094, Karnataka, India |
|
Date of Birth/Age : |
01.08.1963 |
|
Qualification : |
M .TECH |
|
Date of Appointment : |
10.08.2005 |
|
PAN No.: |
AAEPY7994F |
|
DIN No.: |
00470279 |
|
|
|
|
Name : |
Mr. Ajay Kumar Veeramachaneni |
|
Designation : |
Managing Director |
|
Address : |
8-1-68, Doctors Colony Pedawaltair, Visakhapatnam-530017, Andhra Pradesh, India |
|
Date of Birth/Age : |
17.05.1977 |
|
Qualification : |
B TECH,MSC |
|
Date of Appointment : |
01.10.2007 |
|
PAN No.: |
ABEPV1505E |
|
DIN No.: |
01797519 |
|
|
|
|
Name : |
Muttuluri Narasimhappa |
|
Designation : |
Director |
|
Address : |
A - 2 / 102, OXFORD VILLAGE WANWORIE PUNE 411040 MH IN |
|
Date of Birth/Age : |
06.08.1949 |
|
Qualification : |
IAS (RETIRED) |
|
Date of Appointment : |
06.12.2010 |
|
DIN No.: |
03319847 |
KEY EXECUTIVES
|
Name : |
Mr. Venkata Ramana Yalamanchili |
|
Designation : |
Chief Executive Officer (KMP) |
|
Address : |
147/1, Mla Layout, Lottegollahalli Bangalore North, R.M.V.
Extension Ii Sta Ge, Bangalore-560094, Karnataka, India |
|
Date of Appointment : |
30.08.2014 |
|
PAN No.: |
AAEPY7994F |
|
|
|
|
Name : |
Mr. Kumar Raja Surapaneni |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
H No.206, M V V Estates, Opp Kotak Salesian School,
Chinnawaltair, Visakhapatnam-530017, Andhra Pradesh, India |
|
Date of Birth/Age : |
14.02.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.07.2014 |
|
PAN No.: |
AJGPS7964L |
|
|
|
|
Name : |
Rayala Prakash |
|
Designation : |
Company Secretary |
|
Address : |
Sunabeda Police Colony,Sunabeda-1 Main Road,
Sunabeda-763001, Odisha, India |
|
Date of Appointment : |
09.02.2018 |
|
PAN No.: |
BXLPP4611B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 06.12.2017
NOTE: SHAREHOLDING DETAILS FILE ATTECHED
AS ON: 06.12.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
46.35 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
9.43 |
|
Public/Other than promoters – Foreign Institutional
Investors |
15.29 |
|
Public/Other than promoters – Venture Capital |
16.19 |
|
Public/Other than promoters - Body Corporate |
1.64 |
|
Public/Other than promoters – Others [Employees] |
11.10 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of undertaking all types of civil, electrical and mechanical works and civil construction of projects, undertaking of supply works and other engineering works with State and Central Governments, corporations, private companies, municipalities and other local Government bodies or authorities. [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 : |
· Tata Projects Limited · Indian Oil · Maytas · Nalco · Bharat Electronics · Bhel · Jaypee, etc |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai-400013, Maharashtra, India · IDBI Bank Limited ·
Standard Chartered Bank |
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Facilities : |
|
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Financial Institutions : |
· SREI Equipment Finance Limited 'Vishwakarma', 86C, Topsia Road, Kolkata-700046, West Bengal, India · 3i Infotech Trusteeship Services Limited · Tata Capital Financial Services Limited |
|
Auditors 1 : |
|
|
Name : |
Walker Chandlok and Company LLP Chartered Accountants |
|
Address : |
7th Floor, Block III, White House, Kundanbag,Begmpeta, Hyderbad-500016, Andhra Pradesh India |
|
PAN No.: |
AAAFW4298E |
|
|
|
|
Auditors 2 : |
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|
Name : |
Venkata Srinivasa and Company Chartered Accountants |
|
Address : |
D.No.9-29-19/a, Level-1, Waltai Heights, Balaji Nagar, Visakapatnam-530003, Andhra Pradesh, India |
|
PAN No.: |
ADWPG1853G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER: 26.12.2016
Authorised Capital : INR
250.000 Million
Issued, Subscribed & Paid-up Capital : INR 205.528 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17553889 |
Equity Shares |
INR 10/- each |
INR 175.539
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 |
175.539 |
175.539 |
175.539 |
|
(b) Reserves and Surplus |
1283.695 |
1277.568 |
1955.930 |
|
(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) |
1459.234 |
1453.107 |
2131.469 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
55.231 |
131.571 |
181.162 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
732.914 |
545.409 |
609.574 |
|
(d) long-term
provisions |
5.104 |
3.226 |
17.944 |
|
Total Non-current
Liabilities (3) |
793.249 |
680.206 |
808.680 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
2797.365 |
2340.032 |
2157.466 |
|
(b) Trade
payables |
1633.635 |
1779.314 |
1604.249 |
|
(c) Other
current liabilities |
1855.714 |
1858.107 |
1520.658 |
|
(d) Short-term provisions |
19.632 |
21.109 |
28.708 |
|
Total Current
Liabilities (4) |
6306.346 |
5998.562 |
5311.081 |
|
|
|
|
|
|
TOTAL |
8558.829 |
8131.875 |
8251.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1101.320 |
1203.236 |
1155.564 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
11.461 |
|
(iii) Tangible assets
capital work-in-progress |
94.591 |
106.928 |
124.697 |
|
(iv)
Intangible assets under development |
12.408 |
11.461 |
0.000 |
|
(b) Non-current Investments |
0.495 |
0.495 |
0.495 |
|
(c) Deferred tax assets (net) |
389.728 |
392.772 |
78.789 |
|
(d)
Long-term loans and advances |
427.301 |
284.194 |
332.873 |
|
(e) Other
Non-current assets |
391.332 |
312.621 |
206.862 |
|
Total Non-Current
Assets |
2417.175 |
2311.707 |
1910.741 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
157.721 |
231.344 |
199.460 |
|
(c) Trade
receivables |
2083.521 |
1963.143 |
2009.030 |
|
(d) Cash and
bank balances |
158.474 |
146.477 |
195.964 |
|
(e)
Short-term loans and advances |
463.208 |
502.123 |
525.090 |
|
(f) Other
current assets |
3278.730 |
2977.081 |
3410.945 |
|
Total
Current Assets |
6141.654 |
5820.168 |
6340.489 |
|
|
|
|
|
|
TOTAL |
8558.829 |
8131.875 |
8251.230 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
6476.699 |
6389.412 |
6925.586 |
|
|
Other Income |
138.217 |
154.091 |
61.645 |
|
|
TOTAL |
6614.916 |
6543.503 |
6987.231 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2374.098 |
2486.688 |
2672.478 |
|
|
Employee benefit expense |
640.530 |
713.632 |
732.616 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
0.000 |
0.000 |
2231.447 |
|
|
CSR expenditure |
0.192 |
0.407 |
2.322 |
|
|
Other expenses |
2773.951 |
3524.210 |
454.591 |
|
|
TOTAL |
5788.771 |
6724.937 |
6093.454 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
826.145 |
(181.434) |
893.777 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
575.456 |
528.041 |
509.888 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
250.689 |
(709.475) |
383.889 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
241.519 |
282.870 |
332.596 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
9.170 |
(992.345) |
51.293 |
|
|
|
|
|
|
|
Less |
TAX |
3.044 |
(313.983) |
(24.367) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
6.126 |
(678.362) |
75.660 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.35 |
(38.64) |
4.31 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
91.440 |
188.958 |
200.740 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
403.374 |
670.995 |
976.107 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
414.368 |
692.394 |
971.248 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
117.42 |
112.15 |
105.88 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.11 |
3.25 |
3.45 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
251.16 |
261.17 |
219.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
5.24 |
(0.78) |
4.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.68 |
(0.14) |
0.69 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.78 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.02 |
1.83 |
1.19 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.32 |
4.13 |
2.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.83 |
0.91 |
0.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.44 |
(0.34) |
1.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.09 |
(10.62) |
1.09 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.07 |
(8.34) |
0.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.42 |
(46.68) |
3.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.97 |
0.97 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.95 |
0.93 |
1.16 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.18 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
16.77 |
15.16 |
14.47 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.97 |
0.97 |
1.19 |
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 |
175.539 |
175.539 |
175.539 |
|
Reserves & Surplus |
1955.930 |
1277.568 |
1283.695 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2131.469 |
1453.107 |
1459.234 |
|
|
|
|
|
|
Long-term borrowings |
181.162 |
131.569 |
55.231 |
|
Short term borrowings |
2157.466 |
2340.032 |
2797.365 |
|
Current maturities of
long-term debts |
200.740 |
188.958 |
91.440 |
|
Total
borrowings |
2539.368 |
2660.559 |
2944.036 |
|
Debt/Equity
ratio |
1.191 |
1.831 |
2.018 |
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 |
6925.586 |
6389.412 |
6476.699 |
|
|
|
(7.742) |
1.366 |
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 |
6925.586 |
6389.412 |
6476.699 |
|
Profit/ (Loss) |
75.660 |
(678.362) |
6.126 |
|
|
1.09
% |
(10.62
%) |
0.09
% |
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 |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G31090384 |
100067800 |
SREI EQUIPMENT FINANCE LIMITED |
15/09/2016 |
- |
- |
6975000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
2 |
G05285804 |
100031572 |
L & T FINANCE LIMITED |
28/03/2016 |
- |
- |
120000000.0 |
L&T HOUSE,BALLARD ESTATE,MUMBAIMa400001IN |
|
3 |
C78773868 |
10619568 |
ICICI BANK LIMITED |
05/01/2016 |
- |
- |
11650000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
4 |
C42149823 |
10546436 |
HDFC BANK LIMITED |
02/02/2015 |
- |
- |
10650000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
C32383655 |
10529307 |
HDFC BANK LIMITED |
03/11/2014 |
- |
- |
4960000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
C28913523 |
10525157 |
ICICI BANK LIMITED |
25/09/2014 |
- |
- |
12869000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
7 |
C18438093 |
10516852 |
HDFC BANK LIMITED |
23/08/2014 |
- |
- |
9620936.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
C12249520 |
10510448 |
HDFC BANK LIMITED |
05/06/2014 |
- |
- |
9686000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
C12248555 |
10510280 |
HDFC BANK LIMITED |
29/03/2014 |
- |
- |
8062500.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
B97388524 |
10480063 |
HDFC BANK LIMITED |
25/02/2014 |
- |
- |
12862500.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from others |
4.450 |
6.750 |
|
Other loans and advances |
168.966 |
100.849 |
|
|
|
|
|
Total |
173.416 |
107.599 |
COMPANY OVERVIEW
Vijay Nirman Company Private Limited, (the ‘Company’ or ‘VNCPL’) incorporated as private limited Company in accordance with the provisions of the erstwhile Companies Act, 1956 on 26 September 1994, is an infrastructure company primarily engaged in the business of undertaking all types of civil, electrical and mechanical works and civil construction of projects, undertaking of supply works and other engineering works with State and Central Governments, corporations, private companies, municipalities and other local Government bodies or authorities.
REVIEW OF OPERATIONS AND STATE OF AFFAIRS
OF THE COMPANY:
Despite the challenging environment of the Global as well as the Indian economy, the Company demonstrated the resilience of its business model. The highlights of the Company’s performance are as under:
A) STANDALONE:
During the year, the Company has earned an Income of INR 6499.230 Million as compared to INR 6539.934 Million in the previous year. Profit before depreciation & Finance charges was INR 810.460 Million, in 2016-17as against loss of INR 185.003 Million in 2015-16. The Company has got a profit after tax amounting to INR 6.261 Million as compared to loss amounting to INR 678.362 Million the previous year. The Directors of the Company are hopeful of earning higher profits in next year.
INDIAN CONSTRUCTION SECTOR:
The Indian construction sector is the 2nd largest employer and contributor to economic activity after agricultural sector. Demand for construction activity in India comes from the Infrastructure sector; the rest comes from residential and commercial development, industrial activities etc. The Government tends to put its primary focus on infrastructure development. The proposed smart cities, enhance metro rail connectivity, river interconnection, cleaning river and increased focused on the road sector and other Infra based projects is expected certainly to give boost to infra development in India.
Present levels of urban infrastructure are inadequate to meet the demands of the existing urban population. There is need for re-generation of urban areas in existing cities and the creation of new, inclusive smart cities to meet the demands of increasing population and migration from rural to urban areas. Needless to say, the Indian construction sector is poised for immense growth over medium to long-term in the years to come also.
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 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
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
UK Pound |
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
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 |
NO |
|
--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.