|
|
|
MIRA INFORM REPORT
|
Report No. : |
503853 |
|
Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
JSIW INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4, Astta Mitra
Estate, Behind Jupiter Mill, Dudheshwar Road, Ahmedabad – 380004, Gujarat |
|
Tel. No.: |
91-79-23971327 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.06.2007 |
|
|
|
|
Com. Reg. No.: |
04-051174 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 180.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45208GJ2007PTC051174 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AABCJ8501F1ZY |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ8501F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged mainly in the business of infrastructure mainly construction of long distance oil and gas pipeline on contractual basis. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was
incorporated in the year 2007 and it is having good track. It is engaged
in the business of execution of various small and mid-sized cross country
pipeline projects on Engineering Procurement and Construction (EPC) and Non
EPC (job contract) basis. For the financial
year 2017, the company has decent increased in its revenue from operations as
compared to previous year and maintained average profit margin of 4.04%. Rating takes
into consideration sound financial profile of the company marked by healthy
net worth base and low debt balance sheet. Further,
rating also derives strength from vast experience of JSIW’s promoters,
established track record of the company in execution of cross-country oil-gas
and water supply pipeline laying projects, JSIW’s association with the
reputed clientele and improvement in the revenue as well as profitability
profile during the year. However,
these strengths are partially offset by presence in fragmented and
competitive construction industry with inherent challenges associated with
execution of projects and working capital intensive nature of operations. Trade
relations are reported as fair. Business is active. Payments are seems 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating: A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
08.01.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating: A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
08.01.2018 |
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
31-03-2018.
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 14.04.2018
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 DENIED BY
|
Name : |
Not Divulged |
|
Designation : |
Office Executive |
|
Contact No.: |
91-79-23971327 |
|
Date : |
13.04.2018 |
LOCATIONS
|
Registered Office : |
4, Astta Mitra
Estate, Behind Jupiter Mill, Dudheshwar Road, Ahmedabad – 380004, Gujarat,
India |
|
Tel. No.: |
91-79-23971327/23971001 |
|
Fax No.: |
91-79-23971209 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
JSIW House, B/s. Khoraj Fly Over, S. G. Road, District
Gandhinagar – 382421, Gujarat, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Babubhai Kacharabhai Patel |
|
Designation : |
Director |
|
Address : |
Manir Valo Vas, At Khoraj, At Gandhinagar – 382421, Gujarat, India |
|
Date of Birth/Age : |
01.06.1953 |
|
Qualification : |
Commerce Graduate |
|
Date of Appointment : |
22.06.2007 |
|
PAN No.: |
ABEPP8963A |
|
DIN No.: |
01471354 |
|
|
|
|
Name : |
Mrs. Kailasben Babubhai Patel |
|
Designation : |
Director |
|
Address : |
At and Post Khoraj, Taluka and District Gandhinagar – 382421, Gujarat,
India |
|
Date of Appointment : |
22.06.2007 |
|
PAN No.: |
ABVPP9565D |
|
DIN No.: |
01471379 |
|
|
|
|
Name : |
Mr. Alpesh Babubhai Patel |
|
Designation : |
Director |
|
Address : |
At and Post Khoraj, Taluka and District Gandhinagar – 382421, Gujarat,
India |
|
Date of Appointment : |
26.06.2007 |
|
PAN No.: |
AFKPP7947N |
|
DIN No.: |
02080971 |
|
|
|
|
Name : |
Mr. Brijeshkumar Rameshbhai Patel |
|
Designation : |
Director |
|
Address : |
At and Post Khoraj, Taluka and District Gandhinagar – 382421, Gujarat,
India |
|
Date of Birth/Age : |
06.06.1979 |
|
Date of Appointment : |
22.06.2007 |
|
PAN No.: |
AGUPP9786C |
|
DIN No.: |
02080984 |
|
|
|
|
Name : |
Mr. Prashantkumar Babubhai Patel |
|
Designation : |
Director |
|
Address : |
Manir Valo Vas, At Khoraj, At Gandhinagar – 382421, Gujarat, India |
|
Date of Birth/Age : |
05.06.1978 |
|
Date of Appointment : |
22.06.2007 |
|
PAN No.: |
AHBPP3276F |
|
DIN No.: |
02081002 |
|
|
|
|
Name : |
Mr. Rameshbhai Kacharabhai Patel |
|
Designation : |
Director |
|
Address : |
At and Post Khoraj, Taluka and District Gandhinagar – 382421, Gujarat,
India |
|
Date of Appointment : |
26.06.2007 |
|
PAN No.: |
AEFPP2013R |
|
DIN No.: |
02081008 |
KEY EXECUTIVES
|
Name : |
Shivangi Devang Modi |
|
Designation : |
Company Secretary |
|
Address : |
B/304, Indraprasth - 4 Near Shyamal Cross Road, Behind
Shikhar Tower, Satellite, Ahmedabad - 380015, Gujarat, India |
|
Date of Appointment : |
01.02.2017 |
|
PAN No.: |
BFIPS7287B |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Babubhai Kacharabhai Patel |
|
5950000 |
|
Rameshbhai Kacharabhai Patel |
|
2350000 |
|
Alpesh Babubhai Patel |
|
3200000 |
|
Prashantkumar Babubhai Patel |
|
3200000 |
|
Brijeshkumar Rameshbhai Patel |
|
3200000 |
|
Kailasben Babubhai Patel |
|
50000 |
|
Subhadraben Rameshbhai Patel |
|
50000 |
|
Total |
|
18000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged mainly in the business of infrastructure mainly construction of long distance oil and gas pipeline on contractual basis. (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 : |
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 denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
A.Bafna and Company Chartered Accountants |
|
Address : |
506, Akik, S.G. Road, Bodakdev, Ahmedabad, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFA3909A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
INR 10/- each |
INR 180.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
INR 10/- each |
INR 180.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
180.000 |
180.000 |
180.000 |
|
(b) Reserves and Surplus |
763.930 |
620.812 |
540.328 |
|
(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) |
943.930 |
800.812 |
720.328 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
227.856 |
135.710 |
135.477 |
|
(b) Deferred tax liabilities (Net) |
21.355 |
20.964 |
20.711 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
3.761 |
3.123 |
2.380 |
|
Total Non-current
Liabilities (3) |
252.972 |
159.797 |
158.568 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
157.024 |
80.442 |
223.306 |
|
(b) Trade
payables |
716.167 |
213.391 |
580.316 |
|
(c) Other
current liabilities |
135.050 |
96.717 |
135.515 |
|
(d) Short-term
provisions |
77.853 |
38.814 |
32.909 |
|
Total Current
Liabilities (4) |
1086.094 |
429.364 |
972.046 |
|
|
|
|
|
|
TOTAL |
2282.996 |
1389.973 |
1850.942 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
251.656 |
214.208 |
215.203 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
434.700 |
176.512 |
142.896 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
686.356 |
390.720 |
358.099 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
147.485 |
245.570 |
609.459 |
|
(c) Trade
receivables |
434.336 |
456.157 |
625.033 |
|
(d) Cash and
bank balances |
830.228 |
36.123 |
55.340 |
|
(e)
Short-term loans and advances |
181.451 |
258.437 |
200.179 |
|
(f) Other
current assets |
3.140 |
2.966 |
2.832 |
|
Total
Current Assets |
1596.640 |
999.253 |
1492.843 |
|
|
|
|
|
|
TOTAL |
2282.996 |
1389.973 |
1850.942 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3541.306 |
2508.830 |
2445.906 |
|
|
Other Income |
32.364 |
21.709 |
0.000 |
|
|
TOTAL |
3573.670 |
2530.539 |
2445.906 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1602.531 |
667.923 |
937.110 |
|
|
Purchases of
Stock-in-Trade |
95.821 |
346.943 |
65.568 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
71.086 |
173.299 |
(34.556) |
|
|
Employee benefit expense |
200.839 |
91.119 |
58.605 |
|
|
CSR expenditure |
0.600 |
0.000 |
0.000 |
|
|
Other expenses |
1294.597 |
1057.193 |
1176.736 |
|
|
Exceptional items |
0.088 |
0.053 |
0.157 |
|
|
TOTAL |
3265.562 |
2336.530 |
2203.620 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
308.108 |
194.009 |
242.286 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
60.286 |
51.822 |
118.635 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
247.822 |
142.187 |
123.651 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
26.775 |
22.921 |
22.219 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
221.047 |
119.266 |
101.432 |
|
|
|
|
|
|
|
Less |
TAX |
77.929 |
38.782 |
32.688 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
143.118 |
80.484 |
68.744 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.245 |
0.486 |
NA |
|
|
TOTAL
IMPORTS |
0.245 |
0.486 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.95 |
4.47 |
3.82 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
56.770 |
52.594 |
2.571 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
827.510 |
235.745 |
545.527 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
717.608 |
175.507 |
512.907 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
44.77 |
66.36 |
93.27 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.15 |
5.50 |
3.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
153.91 |
76.75 |
211.25 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.09 |
0.79 |
0.40 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.22 |
0.91 |
1.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.60 |
0.44 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.47 |
0.34 |
0.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.15 |
0.54 |
1.35 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.27 |
0.27 |
0.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.11 |
3.74 |
2.04 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.04 |
3.21 |
2.81 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.27 |
5.79 |
3.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.16 |
10.05 |
9.54 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.47 |
2.33 |
1.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.33 |
1.76 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.41 |
0.58 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.45 |
1.49 |
2.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.47 |
2.33 |
1.54 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are INR
Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
180.000 |
180.000 |
180.000 |
|
Reserves & Surplus |
540.328 |
620.812 |
763.930 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
720.328 |
800.812 |
943.930 |
|
|
|
|
|
|
Long-term borrowings |
135.477 |
135.710 |
227.856 |
|
Short term borrowings |
223.306 |
80.442 |
157.024 |
|
Current maturities of
long-term debts |
2.571 |
52.594 |
56.770 |
|
Total
borrowings |
361.354 |
268.746 |
441.650 |
|
Debt/Equity
ratio |
0.502 |
0.336 |
0.468 |
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 |
2445.906 |
2508.830 |
3541.306 |
|
|
|
2.573 |
41.154 |
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 |
2445.906 |
2508.830 |
3541.306 |
|
Profit/ (Loss) |
68.744 |
80.484 |
143.118 |
|
|
2.81
% |
3.21
% |
4.04
% |
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 |
Yes |
|
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 |
BUSINESS PROSPECTS:
During the year under report, the company has achieved a gross turnover of INR 3573.670 Million as compared to previous year turnover of INR 2530.539 Million. The operation for the year has resulted into Net Profit of INR 143.118 Million compared to INR 8.083 Million previous year. The company could achieve sustained growth in business due to continued pursuit of strategy to work with innovation ideas, developing new areas of its activities. Directors are hoping even better performance during the current year.
FUTURE OUTLOOK:
The objectives of the Company are to identify and follow the most suitable and applicable international standards in the construction industry within a STEP CHANGE approach and to preserve a Safe Work Environment.
GENERAL INFORMATION
Subject is engaged mainly in the business of infrastructure mainly construction of long distance oil, gas and water pipeline on contractual basis.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
207.605 |
131.550 |
|
Total |
207.605 |
131.550 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G55241475 |
100125932 |
SREI EQUIPMENT
FINANCE LIMITED |
15/09/2017 |
- |
4924000.0 |
'VISHWAKARMA',
86C,TOPSIA ROAD,KOLKATAWE700046IN |
|
2 |
G55250518 |
100125947 |
SREI EQUIPMENT
FINANCE LIMITED |
15/09/2017 |
- |
4952000.0 |
'VISHWAKARMA',
86C,TOPSIA ROAD,KOLKATAWE700046IN |
|
3 |
G55251904 |
100125950 |
SREI EQUIPMENT
FINANCE LIMITED |
15/09/2017 |
- |
4924000.0 |
'VISHWAKARMA',
86C,TOPSIA ROAD,KOLKATAWE700046IN |
|
4 |
G53385365 |
100122610 |
BANK OF BARODA |
01/09/2017 |
- |
706000.0 |
CHINAIBAG
ESTATEDUDHESHWAR ROADAHMEDABADGJ380004IN |
|
5 |
G53387361 |
100122624 |
BANK OF BARODA |
01/09/2017 |
- |
759000.0 |
CHINAIBAG
ESTATEDUDHESHWAR ROADAHMEDABADGJ380004IN |
|
6 |
G53387981 |
100122625 |
BANK OF BARODA |
01/09/2017 |
- |
706000.0 |
CHINAIBAG
ESTATEDUDHESHWAR ROADAHMEDABADGJ380004IN |
|
7 |
G45089349 |
100100815 |
BANK OF BARODA |
17/05/2017 |
- |
1500000.0 |
CHINAIBAG ESTATE,
NR. DUDHESHWAR WATER TANKDUDHESHWARAHMEDABADGJ380004IN |
|
8 |
G35571348 |
100076998 |
BANK OF BARODA |
25/01/2017 |
- |
5695000.0 |
CHINAIBAG
ESTATEDUDHESHWAR ROADAHMEDABADGJ380004IN |
|
9 |
G03226172 |
100025709 |
HDFC BANK LIMITED |
05/05/2016 |
- |
24000000.0 |
HDFC BANK LIMITED,
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
10 |
G41091992 |
10077859 |
BANK OF BARODA |
22/06/2007 |
10/04/2017 |
3870000000.0 |
CHINAIBAG ESTATE,
NR. DUDHESHWAR WATER TANKDUDHESHWARAHMEDABADGJ380004IN |
FIXED ASSETS:
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
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.