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MIRA INFORM REPORT
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Report No. : |
503423 |
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Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
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Name : |
CAPACIT'E INFRAPROJECTS LIMITED (w.e.f. 21.03.2014) |
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Formerly Known
As : |
CAPACIT'E
INFRAPROJECTS PRIVATE LIMITED |
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Registered
Office : |
605-607,
Shrikant Chambers, Phase-I, 6th Floor, Adjacent to R. K. Studios, Sion
Trombay Road, Chembur, Mumbai - 400071, Maharashtra |
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Tel. No.: |
91-22-71733717 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
09.08.2012 |
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Com. Reg. No.: |
11-234318 |
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Capital
Investment / Paid-up Capital : |
INR 436.081 Million |
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CIN No.: [Company Identification
No.] |
L45400MH2012PLC234318 |
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IEC No.: |
Not Divulged |
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges |
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Line of Business
: |
Subject is engaged in the business of Construction and Infrastructure Development. [Registered Activity] |
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No. of Employees
: |
1711 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Maximum Credit Limit : |
USD 8540000 INR 598280600 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2012 having a satisfactory track record. It is engaged in the business of construction and infrastructure development. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year along with good profitability margin during the year. Rating takes into consideration the healthy financial risk profile marked by adequate net worth base along with strong debt protection metrics and comfortable liquidity position. Rating continue to derive strength from its established track record of its business operations backed by its well experienced promoters in the real estate industry. Further On 13th September 2017, the company has issued its first IPO of INR 4000 million which is utilised for its working capital requirements which will strengthen the net worth base and decrease its net leverage. The company is listed on BSE and NSE. Price quoted at BSE is at INR 338.00 against its face value of INR 10. As per 3rd Quarter result of December 2017, the company has achieved revenue of INR 3664.9 million and has clocked profit margin of approximately 6.23% However rating strengths is partially offset due to slowdown in the infrastructure and real estate sector which may affect the growth of the company. Trade relations are seems to be fair. Business is active. Payments are reported to be usually 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) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
INDIA RATING |
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Rating |
Long Term Rating = A |
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Rating Explanation |
Adequate degree of safety and low credit
risk |
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Date |
16.01.2018 |
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Rating Agency Name |
INDIA RATING |
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Rating |
Short Term Rating = A1 |
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Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
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Date |
15.09.2017 |
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 13.04.2018
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 [91-22-42179999]
Given Number [91-9082853577] is ringing
LOCATIONS
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Registered/ Corporate Office : |
605-607,
Shrikant Chambers, Phase-I, 6th Floor, Adjacent to R. K. Studios, Sion Trombay
Road, Chembur, Mumbai - 400071, Maharashtra, India |
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Tel. No.: |
91-22-42179999/ 71733717 |
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Mobile No.: |
91-7045778828 (Ms. Veena Gawade) |
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Fax No.: |
91-22-42179900 |
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E-Mail : |
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Website : |
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Head Office : |
603, Shrikant Chambers, Phase-I, 6th Floor, Adjacent to R.
K. Studios, Sion Trombay Road, Chembur, Mumbai - 400071, Maharashtra, India |
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Tel. No.: |
91-22-42179999 |
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Fax No.: |
91-22-71733733 |
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Gurugram Office : |
529-531, 5th Floor, Star Tower, Opposite 30 Milestone, NH-8,
Sector-30, Gurugram 122001, Haryana, India |
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Tel. No.: |
91-124-4060470-71 |
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Bangalore Office: |
907 and 908, 9th Floor, Barton Centre, M.G. Road, Bengalore, Karnataka – - 560001, Karnataka, India |
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Tel. No.: |
91-80-41515055 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sumeet Singh Nindrajog |
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Designation : |
Nominee Director |
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Address : |
13A, Nibbana Annex, Pali Hill Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Date of Birth/Age : |
30.06.1980 |
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Date of Appointment : |
06.08.2015 |
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DIN No.: |
00182873 |
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Name : |
Mr. Rohit Ramnath Katya |
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Designation : |
Director |
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Address : |
B-23, Eden Gardens, Panjra Pole, V.N. Purav Marg, Deonar Mumbai –
400088, Maharashtra, India |
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Date of Birth/Age : |
09.01.1971 |
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Qualification: |
Graduate |
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Date of Appointment : |
01.03.2014 |
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PAN No.: |
AFVPK0506R |
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DIN No.: |
00252944 |
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Name : |
Mr. Rahul Ramnath Katyal |
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Designation : |
Managing director |
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Address : |
B-4, Zareena Park, Co-Operative Hosing Society, Opposite Barc Main Gate Mavin Gali, Anushakti Nagar, Mankhurd Mumbai - 400088, Maharashtra, India |
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Date of Birth/Age : |
01.03.1975 |
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Qualification: |
Graduate |
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Date of Appointment : |
09.08.2012 |
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PAN No.: |
ASYPK4505E |
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DIN No.: |
00253046 |
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Name : |
Mr. Suryakant Balkrishna Mainak |
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Designation : |
Additional Director |
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Address : |
B-1503, Oberoi Woods, Mohan Gokhale Marg, Off Western Express Highway, Goregaon East, Mumbai-400063, Maharashtra, India |
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Date of Appointment : |
29.03.2018 |
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DIN No.: |
02531129 |
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Name : |
Mr. Subir Malhotra |
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Designation : |
Director |
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Address : |
G 94 Ground Floor, Saket, Malviya Nagar Hauz Khas, South Delhi-110017 , India |
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Date of Birth/Age : |
11.10.1965 |
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Qualification: |
B.E. Mechanical |
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Date of Appointment : |
09.08.2012 |
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PAN No.: |
AALPM1701H |
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DIN No.: |
05190208 |
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Name : |
Farah Nathani Menzies |
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Designation : |
Additional Director |
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Address : |
Ashiana, Bullock Road Bandstand, Bandra-West, Mumbai-400050, Maharashtra, India |
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Date of Appointment : |
09.11.2017 |
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DIN No.: |
06610782 |
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Name : |
Mr. Siddharth Deepak Parekh |
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Designation : |
Nominee Director |
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Address : |
9 – B, Darbhanga Mansion,12, Carmichael Road, Mumbai – 400026, Maharashtra, India |
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Date of Appointment : |
18.10.2016 |
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DIN No.: |
06945508 |
KEY EXECUTIVES
|
Name : |
Mr. Sai Kedar Katkar |
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Designation : |
Company Secretary and Compliance Officer |
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Address : |
15, Umanath, Swanand Nagar, Beturkar Pada, Kalyan – 421301, Maharashtra, India |
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Date of Appointment : |
30.01.2015 |
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PAN No.: |
ANLPP4334J |
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Name : |
Mr. Rohit Ramnath Katyal |
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Designation : |
Chief Financial Officer |
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Address : |
B-23, Eden Gardens, Panjra Pole, V.N. Purav Marg, Deonar, Mumbai – 400088, Maharashtra, India |
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Date of Appointment : |
30.09.2016 |
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PAN No.: |
AFVPK0506R |
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Name : |
Saroj Kumar Pati |
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Designation : |
Chief Executive Officer |
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Address : |
Flat-114, 4A, Kalpataru Estates, JVLR, Andheri [East], Mumbai 400093, India |
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Date of Appointment : |
09.11.2017 |
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PAN No.: |
ADEPP8381L |
MAJOR SHAREHOLDERS
AS ON 31.12.2017
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
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(A) Promoter &
Promoter Group |
29728846 |
43.79 |
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(B) Public |
38162651 |
56.21 |
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Grand Total |
67891497 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
||
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Individuals/Hindu
undivided Family |
20655852 |
30.42 |
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SUBIR MALHOTRA |
2525439 |
3.72 |
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ROHIT RAMNATH
KATYAL |
1189153 |
1.75 |
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ROHIT RAMNATH
KATYAL |
10816190 |
15.93 |
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SAKSHI ROHIT
KATYAL |
70 |
0.00 |
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NIDHI RAHUL KATYAL |
70 |
0.00 |
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RAHUL RAMNATH
KATYAL |
6124930 |
9.02 |
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Any Other
(specify) |
9072994 |
13.36 |
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KATYAL MERCHANDISE
PRIVATE LIMITED |
9072994 |
13.36 |
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Sub Total A1 |
29728846 |
43.79 |
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A2) Foreign |
0.00 |
||
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A=A1+A2 |
29728846 |
43.79 |
Statement showing
shareholding pattern of the Public shareholder
|
Category & Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957
As a % of (A+B+C2) |
|
|
B1) Institutions |
0.00 |
||
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Mutual Funds/ |
4347657 |
6.40 |
|
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SUNDARAM MUTUAL
FUND A/C SUNDARAM SMILE FUND |
2271693 |
3.35 |
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Foreign Portfolio
Investors |
4388820 |
6.46 |
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SOCIETE GENERALE |
1954683 |
2.88 |
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GOLDMAN SACHS
INDIA LIMITED |
1404996 |
2.07 |
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Financial
Institutions/ Banks |
240440 |
0.35 |
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Sub Total B1 |
8976917 |
13.22 |
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B2) Central
Government/ State Government(s)/ President of India |
0.00 |
||
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B3) Non-Institutions |
0.00 |
||
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Individual share
capital up to INR 0.200 million |
6485672 |
9.55 |
|
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Individual share
capital in excess of INR 0.200 million |
2232955 |
3.29 |
|
|
JYOTIPRASAD
TAPARIA |
758768 |
1.12 |
|
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NBFCs registered
with RBI |
10510 |
0.02 |
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Any Other
(specify) |
20456597 |
30.13 |
|
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Trusts |
195444 |
0.29 |
|
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NRI – Repat |
242234 |
0.36 |
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Clearing Members |
221526 |
0.33 |
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NRI – Non- Repat |
71844 |
0.11 |
|
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Bodies Corporate |
10390482 |
15.30 |
|
|
INFINA FINANCE
PRIVATE LIMITED |
1265439 |
1.86 |
|
|
NEWQUEST ASIA
INVESTMENTS II LIMITED |
6617254 |
9.75 |
|
|
Sub Total B3 |
29185734 |
42.99 |
|
|
B=B1+B2+B3 |
38162651 |
56.21 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Construction and
Infrastructure Development.
[Registered Activity] |
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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 : |
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 : |
1711 (Approximately) |
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Bankers : |
·
State Bank of India Industrial Finance Branch, 102 Natraj Building 194, Sir M.V. Road, Andheri, Mumbai – 400069, Maharashtra, India ·
Corporation Bank · Union Bank of India · Dena Bank · Ratnakar Bank Limited ·
Punjab National Bank |
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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
S R B C and Company LLP Chartered Accountants |
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Address : |
9th Floor, Classic Pentagon, Next To Bisleri Factory Western Express Highway, Mumbai – 400099, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Joint Venture : |
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Related parties where
control exists - Subsidiary Company : |
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Enterprises Owned
by or significantly influenced by key management personnel or their relatives
: |
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CAPITAL STRUCTURE
AFTER 31.03.2017
Authorised Capital : INR 800.000 Million
Issued, Subscribed & Paid-up Capital : INR 518.915
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
76650000 |
Equity Shares |
INR 10/- each |
INR 766.500 Million |
|
1675000 |
Compulsory convertible preference shares |
INR 20/- each |
INR 33.500 Million |
|
|
|
|
|
|
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Total |
|
INR 800.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40294681 |
Equity Shares |
INR 10/- each |
INR 402.947 Million |
|
1007366 |
0.0001% Compulsorily Convertible Preference Shares Series A |
INR 20/- each |
INR 20.148 Million |
|
649322 |
0.0001% Compulsorily convertible preference shares Series B |
INR 20/- each |
INR 12.986 Million |
|
|
|
|
|
|
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Total |
|
INR 436.081
Million |
Aggregate number of
bonus shares issued, shares issued for consideration other than cash and shares
bought back during the period of five years immediately preceding the reporting
date:
|
Particulars |
31.03.2017 |
31.03.2016 |
|
Equity shares allotted as fully paid bonus shares by capitalization of securities premium |
34538298 |
-- |
|
Equity shares allotted as fully paid-up pursuant to contracts for consideration other than cash |
-- |
814457 |
|
Equity shares bought back by the company |
-- |
-- |
Reconciliation of the
equity shares outstanding at the beginning and at the end of the reporting
period:
|
Particulars |
31.03.2017 |
|
|
Number of shares held |
INR In Million |
|
|
At the beginning of the period |
5756383 |
57.564 |
|
Shares issued during the period |
34538298 |
345.383 |
|
Outstanding at the
end of the period |
40294681 |
402.947 |
Note: In the Current year, the Company has issued bonus shares to existing equity share holders in the ratio of 6:1 .Out of the total equity shares issued during previous year, 814,457 fully paid-up equity shares were issued pursuant to contracts for consideration other than cash.
Terms/Rights attached
to equity shares
The Company has only one class of equity shares having a par value of 10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company, the holders of shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of shares held by the shareholders.
Details of
Shareholders holding more than 5% Equity Shares
|
Names of
Shareholders |
31.03.2017 |
|
|
No. of Shares held |
% of Holding |
|
|
Rohit Ramnath Katyal |
6304144 |
15.65% |
|
Rahul Ramnath Katyal |
6124930 |
15.20% |
|
Subir Malhotra |
2525439 |
6.27% |
|
Rohit Katyal jointly with Rahul Katyal |
4512046 |
11.20% |
|
Katyal Merchandise Private Limited |
9072994 |
22.52% |
|
New Quest Asia Investments II Limited |
3587080 |
8.90% |
|
Vinayak Kulkarni HUF |
-- |
0.00% |
|
Advance Housing Development Private Limited |
5245800 |
13.02% |
As per the of the company, including its register of shareholders/members and other declaration received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.
Reconciliation of
0.0001% Compulsorily Convertible Preference Shares Series A outstanding at the
beginning and at the end of the reporting period
|
Particulars |
31.03.2017 |
|
|
Numbers |
INR In Million |
|
|
At the beginning of the period Series A |
1007366 |
20.147 |
|
Shares issued during the period Series A |
-- |
-- |
|
Outstanding at the
end of the period (Series A) |
1007366 |
20.147 |
|
Reconciliation of
0.0001% Compulsorily Convertible Preference Shares Series B outstanding at
the beginning and at the end of the reporting period |
||
|
Particulars |
31.03.2017 |
|
|
Numbers |
INR In Million |
|
|
At the beginning of the period Series B |
-- |
-- |
|
Shares issued during the period Series B |
649322 |
12.986 |
|
Outstanding at the
end of the period (Series B) |
649322 |
12.986 |
Terms/Rights attached
to 0.0001% compulsorily convertible preference shares Series A& Series B
1) The CCPS will be automatically converted into one ordinary equity shares of the Company, subject to adjustments specified in terms of issuance, upon the expiry of a period of 19 years from the date of issue (“Term”). Series A CCPS were issued in the year ended March 31, 2016 and Series B CCPS were issued in the year ended March 31, 2017.
The CCPS may be converted into ordinary equity shares of the Company at any time prior to the expiry of the Term at the sole option of the Investor and at the conversion ratio mentioned above.
The CCPS will mandatorily convert into equity shares just prior to a filing of the RHP for an IPO, at the conversion ratio mentioned above, and the rights provided to the holders of the CCPS or attached to the CCPS will cease to be available.
Details of
shareholders holding more than 5% (0.0001% compulsorily convertible preference
shares Series A& B)
|
Names of
shareholders |
31.03.2017 |
|
|
No. of shares held |
% of holding |
|
|
Series A |
|
|
|
Paragon partners growth fund I |
1007366 |
100.00% |
|
HW Private Investments Limited |
-- |
0.00 |
|
Series B |
|
|
|
Paragon partners growth fund I |
97398 |
15.00% |
|
Infina Finance Pvt. Ltd |
54110 |
8.33% |
|
Jyotiprasad Taparia HUF |
54110 |
8.33% |
|
New Quest Asia Investments II Limited |
432882 |
66.67% |
|
|
|
|
Note on Interim
Dividend:
Subsequent to year ended March 31, 2017, the Board of Directors declared an Interim Dividend for the year ended March 31, 2017 of INR 0.50 on each fully paid equity share of face value of INR 10/- each and of INR 3.50 on each fully paid compulsory convertible preference shares of face value of INR 20/- each. The total pay-out was INR 31.375 Million (Interim Dividend INR 25.945 Million and Dividend Distribution Tax INR 5.429 Million).
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
436.081 |
77.711 |
49.419 |
|
(b) Reserves &
Surplus |
2555.322 |
1625.938 |
591.163 |
|
(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) |
2991.403 |
1703.649 |
640.582 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
672.046 |
641.435 |
546.388 |
|
(b) Deferred tax
liabilities (Net) |
285.086 |
112.611 |
81.787 |
|
(c) Other long term
liabilities |
1094.829 |
996.358 |
1252.481 |
|
(d) long-term provisions |
24.431 |
12.694 |
0.000 |
|
Total Non-current
Liabilities (3) |
2076.392 |
1763.098 |
1880.656 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
522.661 |
919.927 |
410.834 |
|
(b) Trade payables |
3013.516 |
2967.321 |
1544.894 |
|
(c) Other current
liabilities |
1624.998 |
1008.497 |
514.842 |
|
(d) Short-term provisions |
35.499 |
90.483 |
121.673 |
|
Total Current Liabilities
(4) |
5196.674 |
4986.228 |
2592.243 |
|
|
|
|
|
|
TOTAL |
10264.469 |
8452.975 |
5113.481 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2518.984 |
2270.270 |
1679.539 |
|
(ii) Intangible Assets |
20.585 |
20.175 |
19.799 |
|
(iii) Capital
work-in-progress |
67.311 |
83.325 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.800 |
14.360 |
64.360 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
187.771 |
64.238 |
4.088 |
|
(e)Trade receivables |
155.980 |
0.000 |
0.000 |
|
(f) Other Non-current
assets |
143.721 |
108.949 |
16.670 |
|
Total Non-Current Assets |
3096.152 |
2561.317 |
1784.456 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
17.066 |
0.000 |
0.000 |
|
(b) Inventories |
2344.433 |
2005.007 |
980.988 |
|
(c) Trade receivables |
3129.308 |
2645.188 |
1161.922 |
|
(d) Cash and cash
equivalents |
503.044 |
361.208 |
352.053 |
|
(e) Short-term loans and
advances |
804.306 |
816.323 |
478.492 |
|
(f) Other current assets |
370.160 |
63.932 |
355.570 |
|
Total Current Assets |
7168.317 |
5891.658 |
3329.025 |
|
|
|
|
|
|
TOTAL |
10264.469 |
8452.975 |
5113.481 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Revenue from Operations |
11250.837 |
8020.988 |
5834.946 |
|
|
|
|
Other Income |
148.621 |
128.717 |
38.522 |
|
|
|
|
TOTAL |
11399.458 |
8149.705 |
5873.468 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
4970.960 |
4403.427 |
3392.411 |
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(250.566) |
(976.495) |
(500.138) |
|
|
|
|
Employees benefits expense |
955.771 |
686.672 |
445.541 |
|
|
|
|
Other expenses |
460.248 |
374.980 |
1884.141 |
|
|
|
|
Construction expense |
3612.380 |
2491.971 |
0.000 |
|
|
|
|
Prior period items |
0.000 |
43.261 |
0.000 |
|
|
|
|
TOTAL |
9748.793 |
7023.816 |
5221.955 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1650.665 |
1125.889 |
651.513 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
414.965 |
294.325 |
130.987 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1235.700 |
831.564 |
520.526 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
179.429 |
153.255 |
104.626 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
1056.271 |
678.309 |
415.900 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
363.104 |
242.638 |
141.427 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
693.167 |
435.671 |
274.473 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
0.000 |
21.658 |
NA |
|
|
|
|
Capital Goods |
70.812 |
143.861 |
NA |
|
|
|
TOTAL IMPORTS |
70.812 |
165.519 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
|
|
|
||
|
|
Basic
|
17.20 |
10.99 |
32.89 |
||
|
|
Diluted
|
14.00 |
9.90 |
32.89 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term Borrowings |
311.884 |
176.005 |
92.230 |
|
|
|
|
|
|
Cash generated from/(used in) operations |
859.686 |
59.205 |
NA |
|
|
|
|
|
|
Net cash flow from/(used in) operating activities |
620.510 |
(97.445) |
607.467 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
101.52 |
120.37 |
72.68 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.60 |
3.03 |
5.02 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
221.27 |
245.96 |
166.22 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.70 |
0.56 |
0.66 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.63 |
0.47 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.60 |
0.69 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.50 |
1.02 |
1.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.74 |
2.93 |
4.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.87 |
1.39 |
2.65 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.98 |
3.83 |
4.97 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.16 |
5.43 |
4.70 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.75 |
5.15 |
5.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
23.17 |
25.57 |
42.85 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.38 |
1.18 |
1.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.93 |
0.78 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.20 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.45 |
22.36 |
21.24 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.38 |
1.18 |
1.28 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
|
|
|
Market Value |
INR 338.00/- |
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 |
49.419 |
77.711 |
436.081 |
|
Reserves & Surplus |
591.163 |
1625.938 |
2555.322 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
640.582 |
1703.649 |
2991.403 |
|
|
|
|
|
|
long-term borrowings |
546.388 |
641.435 |
672.046 |
|
Short term borrowings |
410.834 |
919.927 |
522.661 |
|
Current Maturities of Long
term debt |
92.230 |
176.005 |
311.884 |
|
Total
borrowings |
1049.452 |
1737.367 |
1506.591 |
|
Debt/Equity
ratio |
1.638 |
1.020 |
0.504 |
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 |
5834.946 |
8020.988 |
11250.837 |
|
|
|
37.465 |
40.267 |
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 |
5834.946 |
8020.988 |
11250.837 |
|
Profit |
274.473 |
435.671 |
693.167 |
|
|
4.70% |
5.43% |
6.16% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
436.081 |
77.711 |
|
(b) Reserves &
Surplus |
|
2560.381 |
1629.935 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Minority
Interest |
|
24.280 |
21.447 |
|
Total Shareholders’ Funds
(1) + (2) |
|
3020.742 |
1729.093 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
673.331 |
607.487 |
|
(b) Deferred tax
liabilities (Net) |
|
288.225 |
115.070 |
|
(c) Other long term
liabilities |
|
1159.197 |
1059.307 |
|
(d) long-term provisions |
|
24.431 |
12.694 |
|
Total Non-current
Liabilities (3) |
|
2145.184 |
1794.558 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
546.978 |
987.277 |
|
(b) Trade payables |
|
3206.760 |
3102.178 |
|
(c) Other current
liabilities |
|
1685.259 |
1059.976 |
|
(d) Short-term provisions |
|
35.500 |
90.483 |
|
Total Current Liabilities
(4) |
|
5474.497 |
5239.914 |
|
|
|
|
|
|
TOTAL |
|
10640.423 |
8763.565 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2524.638 |
2305.302 |
|
(ii) Intangible Assets |
|
20.610 |
20.221 |
|
(iii) Capital
work-in-progress |
|
67.311 |
83.325 |
|
(iv) Intangible assets
under development |
|
0.440 |
0.000 |
|
(b) Non-current
Investments |
|
0.862 |
0.862 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
231.182 |
107.262 |
|
Trade receivable |
|
155.980 |
0.000 |
|
(e) Other Non-current
assets |
|
146.928 |
111.957 |
|
Total Non-Current Assets |
|
3147.951 |
2628.929 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
4.066 |
0.000 |
|
(b) Inventories |
|
2601.997 |
2211.361 |
|
(c) Trade receivables |
|
3336.396 |
2768.003 |
|
(d) Cash and cash
equivalents |
|
519.547 |
373.310 |
|
(e) Short-term loans and
advances |
|
683.233 |
717.819 |
|
(f) Other current assets |
|
347.233 |
64.143 |
|
Total Current Assets |
|
7492.472 |
6134.636 |
|
|
|
|
|
|
TOTAL |
|
10640.423 |
8763.565 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
Revenue from operations |
|
11570.392 |
8514.305 |
|
|
Other Income |
|
89.282 |
69.567 |
|
|
TOTAL |
|
11659.674 |
8583.872 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
5218.616 |
4742.349 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(297.398) |
(1022.347) |
|
|
Construction Expenses |
|
3610.495 |
2515.564 |
|
|
Employees benefits expense |
|
984.425 |
735.563 |
|
|
Other expenses |
|
474.585 |
405.123 |
|
|
Prior Period Expenses |
|
0.000 |
52.140 |
|
|
TOTAL |
|
9990.723 |
7428.392 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
1668.951 |
1155.480 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
421.405 |
316.029 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
1247.546 |
839.451 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
181.482 |
156.765 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
1066.064 |
682.686 |
|
|
|
|
|
|
|
Less |
TAX (H) |
|
369.443 |
248.483 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
696.621 |
434.203 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
17.22 |
10.91 |
|
|
Diluted |
|
14.01 |
9.82 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
(INR
In Million)
|
PARTICULARS |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Inter Corporate Deposits (‘ICD’) from Capacite Engineering Private Limited (CEPL) |
0.000 |
38.609 |
|
|
|
|
|
Total |
0.000 |
38.609 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G79871729 |
100161613 |
AXIS BANK LIMITED |
16/02/2018 |
- |
- |
4171240.0 |
"TRISHUL', 3RD FLOOR, OPP TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGEAHMEDABADGJ380006IN |
|
2 |
G77548477 |
100156112 |
AXIS BANK LIMITED |
18/01/2018 |
- |
- |
4259150.0 |
"TRISHUL', 3RD FLOOR, OPP TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGEAHMEDABADGJ380006IN |
|
3 |
G83305227 |
100167959 |
SREI EQUIPMENT FINANCE LIMITED |
31/12/2017 |
- |
- |
11800000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
4 |
G74950858 |
100149921 |
HDFC BANK LIMITED |
15/12/2017 |
- |
- |
29942698.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL (W)MUMBAIMH400013IN |
|
5 |
G83305565 |
100167962 |
SREI EQUIPMENT FINANCE LIMITED |
30/11/2017 |
- |
- |
10956300.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
6 |
G73649006 |
100146885 |
ICICI BANK LIMITED |
18/11/2017 |
- |
- |
4442225.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
7 |
G80635014 |
100164480 |
HDFC BANK LIMITED |
08/11/2017 |
- |
- |
12106800.0 |
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
8 |
G70256128 |
100140283 |
ICICI BANK LIMITED |
31/08/2017 |
- |
- |
48568000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
9 |
G72706245 |
100144460 |
ICICI BANK LIMITED |
31/08/2017 |
- |
- |
18232000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
10 |
G61792842 |
100133454 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
23/08/2017 |
- |
- |
5351780.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMA400001IN |
CORPORATE INFORMATION
Subject is a Company domiciled in India and incorporated under the provisions of Companies Act, 1956 on August 09, 2012. The Company is an ISO-9001:2008, ISO-14001:2004 and OHSAS-18001:2007 certified Company. The Company is primarily engaged in the business of construction and infrastructure development. The Company was incorporated as a Private Limited Company and became a Limited Company in March 2014.
REVIEW OF OPERATIONS
OF THE COMPANY:
The Company continues to be engaged in the activities pertaining to construction of buildings. There was no change in nature of the business of the Company
Standalone: During the year ended March 31, 2017, the Company has achieved a total revenue of INR 11399.400 Million as compared to INR 8149.700 Million in the previous year, registering an increase of 39.87%. The Company has earned a Net Profit after Tax of INR 693.200 Million as against INR 435.700 Million in the previous year ended March 31, 2016 with an increase of 59.10%.
OUTLOOK:
There is huge potential in building construction industry and accordingly we intend to:
· Expand in the mass housing segment
· Expand our presence in cities with high growth potential
· Undertake projects on a design – build basis
· Increase our focus on and execute greater number of projects on a lock-and-key basis
· Bid for, and undertake, projects in the public sector
· Capitalise on changes in the construction industry that will arise on account of the implementation of the RERD Act
MANAGEMENT DISCUSSION
& ANALYSIS
Indian Economic
Scenario
India, the world’s largest democracy in terms of population had a gross domestic product (“GDP”) on a purchasing power parity basis of approximately U.S.$7,965.00 billion in 2015, making it the fourth argest economy (by purchasing power parity) in the world after China, the United States of America and the European Union. (Source: CIA World Factbook) (Source: Building Construction Industry Outlook in Major Cities in India dated November 1, 2016 with Addendum dated December 15, 2016 by CRISIL (“CRISIL Research”)
CONSTRUCTION SECTOR
IN INDIA
India’s construction industry is expected to log materially faster growth, fuelled by spends in road, irrigation, rail and urban infrastructure projects over 2016-17 to 2020-21. Total spending in the period is expected to be in the range of ` 23-24 trillion, translating into a CAGR of 10-12%, way faster than a 2-4% rate observed between 2012-13 and 2014-15, when an economic slowdown and attendant sluggish demand had stalled India’s investment cycle. Over the next five years, infrastructure projects will provide the maximum construction opportunity at almost 92% of overall construction spend, owing to the central government’s continued focus on roads, urban infrastructure and railways. Conversely, spend on industrial projects is expected to be lower as companies dealing in metals, petrochemicals, and cement slow expansion plans amid low utilisation levels and muted demand.
CRISIL Research expects demonetisation of high denomination currency to have limited impact on the construction sector considering that it is a short term policy measure and since most high value transactions in infrastructure as well as industrial segments are usually in cashless form. Investments in these sectors also receive government funding which will mitigate the impact of demonetization
The Indian Government has undertaken numerous efforts in
order to ease the access to funding for the infrastructure and construction
sector in India. The infrastructure and construction industry has grown
exponentially, in part due to this massive government impetus and in part due
to high market sentiments. The Indian regulatory environment is expected to
further boost the construction industry in order to provide the basic physical
infrastructure for the nation.
Business Review
Incorporated in 2012, Capacit'e Infraprojects Limited (CIL / Company) is a fast growing construction company focussed on Residential, Commercial and Institutional buildings. The Company provided end-to-end construction services for residential buildings, multi level car parks, corporate office buildings, buildings for commercial purposes, buildings for educational and healthcare purposes. The Company’s capabilities include constructing concrete building structures as well as composite steel structures.
CIL has received an ISO 9001:2008 certification for our quality management system. Further, the Company has also received an ISO 14001:2004 certification for its environmental management system and an OHSAS 18001:2007 certification in respect of occupational health and safety management systems.
CIL work with a number of reputed clients and are associated with some marquee construction projects in India. Some of our clients include The Wadhwa Group, Saifee Burhani Upliftment Trust, Godrej Properties Limited, Prestige Estates Projects Limited, Lodha Group and Rustomjee. The Company predominantly operate in the Mumbai metropolitan region, the National Capital Region and Bengaluru.
GROWTH OUTLOOK
The implementation of RERD Act will enable a consolidation in the launch of new projects, with faster clearances and improved cash flow for construction, besides greater stress on quality and hence the willingness to pay for the same.
A number of projects will be completed by the Company in FY 2017-18, improving its track record for consideration in award of new projects by major developers.
The expected boost in public spending in FY 2017-18 covers building construction in a significant way, both in housing as well as institutional segments.
The above factors are likely to have a positive impact on the quantum and quality of Order Book of the Company going forward
The improvement in cash flow in FY 2017-18 by way of
additional equity infusion combined with increased banking limits and improved
fund flows from clients will enable increase in efficiency of operations, which
in turn will contribute positively towards improving profitability in the years
ahead.
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS YEAR ENDED 31.12.2017
(INR IN MILLION)
|
Particulars |
Six Months Ended 31.12.2017 |
Six Months Ended 30.09.2017 |
Nine Months Ended 31.12.2017 |
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
|
|
|
|
|
|
Income
from operations |
|
|
|
|
Revenue from operations |
3664.970 |
322.225 |
9547.342 |
|
Other Income |
80.224 |
24.412 |
155.080 |
|
Total
Income |
3745.194 |
3246.637 |
9702.422 |
|
|
|
|
|
|
Expenses |
|
|
|
|
Cost of Materials Consumed |
1839.233 |
1311.241 |
4446.097 |
|
Changes in
inventories of finished goods, work-in-progress and Stock-in-Trade |
(153.662) |
148.048 |
(215.976) |
|
Construction Expenses |
1053.982 |
891.102 |
2712.466 |
|
Employee benefits expense |
302.995 |
286.227 |
840.429 |
|
Depreciation and
amortisation expense |
125.704 |
142.289 |
403.242 |
|
Other expenditure |
125.766 |
106.506 |
355.505 |
|
Finance Costs |
97.339 |
98.333 |
290.999 |
|
Total
Expenses |
3391.357 |
2983.746 |
8832.762 |
|
|
|
|
|
|
Profit
before tax (7-8) |
353.837 |
262.891 |
869.660 |
|
Tax expense |
126.952 |
86.987 |
305.991 |
|
Profit/
loss for the period |
226.885 |
175.904 |
563.669 |
|
Other
comprehensive income |
|
|
|
|
Item that will not be reclassified to profit or loss |
2.376 |
1.608 |
5.395 |
|
income tax relating to items that will not be reclassified to profit or loss |
(80.822) |
(0.557) |
(1.867) |
|
Total
comprehensive income |
1.554 |
1.0551 |
3.528 |
|
Paid
- up Equity Share Capital (Face
value of INR 10/- per share) |
228.439 |
176.955 |
567.197 |
|
Earnings Per Share (EPS) |
678.915 |
678.915 |
678.915 |
|
a)
Basic |
4.37 |
3.39 |
10.43 |
|
b)
diluted |
4.37 |
3.39 |
10.43 |
NOTES:
1. The Company has adopted Indian Accounting Standard ("Ind AS”) from April 1, 2017 and accordingly these financial results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS-34 'Interim Financial Reporting' prescribed under Section 133 of The Companies Act, 2013, read with relevant rules issued thereunder and in terms of the Listing Regulations as modified by Circular No. CIR/CFD/F AC/62/2016 dated July 05, 2016. The date of transition to Ind AS is April 1, 2016. The impact of transition has been accounted for in the opening reserves and the comparative period results have been restated accordingly. The opening balance sheet as at April 1, 2016 and the subsequent periods would get finalised along with the annual financial statements for the year ended March 31, 2018.
2. The above unaudited standalone financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors at its meeting held on February 09, 2018.
3. The Company has completed the Initial Public Offer (IPO) of fresh issue and allotment of 1,60,00,000 equity shares of INR 10 each at an issue price of INR 250 per share on September 21, 2017. The equity shares of the Company were listed on BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE"), w.e.f. September 25, 2017.
4. The Company has identified 'Engineering, Procurement and Construction Contracts' as its single primary business segment and one reportable geographical segment which is "within India" in accordance with the requirements of Ind AS 108, 'Operating Segments'. Accordingly, no separate segment information has been provided.
5. Figures for the previous period have been regrouped / reclassified where necessary, to confirm to the current period classification.
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Corporate Guarantee given on behalf of subsidiary company |
109.500 |
129.500 |
|
Corporate Guarantee given to project customers |
18.000 |
17.000 |
|
Bank Guarantees |
292.286 |
29.000 |
|
Bills of exchange discounted with banks |
448.345 |
149.065 |
**In addition to above, with respect to certain matters relating to
issue of shares in earlier years, the Company has filed a compounding application
with the National Company Law Tribunal and currently, the impact of the same on
these financial statements is not ascertainable.
For the year 13-14 & 14-15, Company has received
assessment orders under Maharashtra Value Added Tax Act,2002 (MVAT) with
disallowance of input Tax Credit & Tax deducted at source amounting to INR
6.413 Million and INR 0.573 million respectively. The Company is contemplating
to proceed with an appeal against the said orders. Pending outcome of the same,
no adjustment has been made in the financial statements.
FIXED ASSETS:
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
·
Building
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.35 |
|
|
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RUP |
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 |
YES |
|
--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.