|
|
|
MIRA INFORM REPORT
|
Report No. : |
503401 |
|
Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PURANIK BUILDCON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Puraniks One, Kanchan Pushp, Near Suraj Water Park, Kavesar,
Ghodbunder Road, Thane (West), Thane – 400607, Maharashtra |
|
Tel. No.: |
91-22-25988888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
30.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-170399 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 45.153 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400MH2007PTC170399 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
27215202573 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAECP2515N1Z8 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP2515N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Development of Real Estate and Infrastructure Project. [Registered Activity] |
|
|
|
|
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 2370000 INR 165900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is a subsidiary of “Puranik Builders Private Limited”. The company was incorporated in the year. It is engaged in construction activities. For the financial year 2017, the company has achieved a massive growth in its revenue as compared to previous year and has reported decent profit margin of 8.36%. The sound financial profile of the company is marked by adequate networth base along with average debt coverage indicators. The rating takes into consideration strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team. However, rating strength are partially offset by highly competitive construction industry. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Non-Convertible Debenture Issue= BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
07.04.2018 |
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 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 DECLINED BY
|
Name : |
Mr. Haresh Barmukh |
|
Designation : |
Assistant Project Manager |
|
Contact No.: |
91-9850205211 |
|
Date : |
11.04.2018 |
MANAGEMENT NON-COOPERATIVE (TEL. NO.: 91-22-25988888)
Given email nitin.khandare@puraniks.in could not be confirmed
LOCATIONS
|
Registered / Site Office 1 : |
Puraniks One, Kanchan Pushp, Near Suraj Water Park, Kavesar,
Ghodbunder Road, Thane (West), Thane – 400607, Maharashtra, India |
|
Tel. No.: |
91-22-25988888 |
|
Mobile No.: |
91-9850205211 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Site Office 2 : |
Banashree Co-operative Housing Society Limited, 101/102,
Model Colony, Shivaji Nagar, Pune – 411016, Maharashtra India |
|
Tel. No.: |
91-20-25666188 / 99 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Shailesh Gopal Puranik |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
2/172, Tarangan II, Adjoini, Cadbury
Compound, Pokharan, Thane – 400602, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1970 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Architect |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.04.2007 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00097987 |
||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
AAGHP7633A |
||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Yogesh Govind Puranik |
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|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
2/141, Tarangan II, Adjoini, Cadbury
Compound, Pokharan, Thane – 400602, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.07.1971 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
B. COM |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.03.2017 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00098063 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAHHP0644G |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shrikant Govind Puranik |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
2/142, Tarangan, Near Cadbury Compound,
Pokharan, Thane – 400602, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.08.1964 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
B. COM |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.05.2013 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00098024 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAGHP7631C |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nilesh Ravindra Puranik |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
2/72-82, Tarangan II, Adjoi, Cadbury
Compound, Pokharan, Thane – 400602, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.05.1970 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Civil Engineer |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.05.2013 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00098105 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AASPP1067C |
||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Shweta Shukla |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Montage Bhavan, Sweet Home Apartment, Plot No.217/C
Lourdes Colony, Near Orlem Church, Malad (West), Mumbai – 400064,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
17.07.1988 |
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Date of Appointment : |
27.03.2017 |
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DIN No.: |
02725681 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Trupti Madhukar Bolke |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Century Quarters, 5/34, P.B. Marg, Worli,
Mumbai – 400030, Maharashtra, India |
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|
Date of Birth/Age : |
25.02.1990 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.03.2017 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07700551 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Haresh Barmukh |
|
Designation : |
Assistant Project Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Puranik Builders Private Limited, India [Class A] |
|
640307 |
|
Puranik Builders Private Limited, India [Class B] |
|
125000 |
|
Puranik Builders Private Limited, India [Class C] |
|
3750000 |
|
Shailesh Puranik [Class A] |
|
1 |
|
|
|
|
|
Total |
|
4515308 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Body corporate) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Development of Real Estate and Infrastructure Project. [Registered Activity] |
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|
||||
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Products : |
|
||||
|
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|
||||
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Brand Names : |
Not Available |
||||
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|
||||
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Agencies Held : |
Not Available |
||||
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|
||||
|
Exports : |
Not Divulged |
||||
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|
||||
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Imports : |
Not Divulged |
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|
||||
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Terms : |
|
||||
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Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
|
||||||||||||||||||
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|
|
||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· ILF Advocates E-904, 2nd Floor, C.R. Park,, New Delhi - 110019, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Financial Institution: |
IL & FS Trust Company Limited |
|
|
|
|
Auditors : |
|
|
Name : |
VMD and Company Chartered Accountants |
|
Address : |
AVMS Premises, 4th Floor, Shreeniwas House, 27 Hazarimal Somani Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFV6939P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Puranik Builders Private Limited [U99999MH1990PTC056451] |
|
|
|
|
Related Party: |
Studio Elements |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
725000 |
Equity Shares [Class A] |
INR 10/- each |
INR 7.250 Million |
|
125000 |
Equity Shares [Class B] |
INR 10/- each |
INR 1.250 Million |
|
3750000 |
Equity Shares [Class C] |
INR 10/- each |
INR 37.500 Million |
|
|
|
|
|
|
|
Total |
|
INR 46.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
640308 |
Equity Shares [Class A] |
INR 10/- each |
INR 6.403 Million |
|
125000 |
Equity Shares [Class B] |
INR 10/- each |
INR 1.250 Million |
|
3750000 |
Equity Shares [Class C] |
INR 10/- each |
INR 37.500 Million |
|
|
|
|
|
|
|
Total |
|
INR 45.153 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 |
45.153 |
40.000 |
40.000 |
|
(b) Reserves and Surplus |
784.410 |
60.627 |
39.148 |
|
(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) |
829.563 |
100.627 |
79.148 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1691.667 |
1929.200 |
1829.200 |
|
(b) Deferred tax liabilities (Net) |
0.311 |
0.341 |
0.293 |
|
(c) Other long-term
liabilities |
5.315 |
3.794 |
1.541 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1697.293 |
1933.335 |
1831.034 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
82.760 |
122.563 |
64.073 |
|
(c) Other
current liabilities |
656.472 |
612.280 |
461.735 |
|
(d) Short-term
provisions |
22.082 |
4.753 |
8.910 |
|
Total Current
Liabilities (4) |
761.314 |
739.596 |
534.718 |
|
|
|
|
|
|
TOTAL |
3288.170 |
2773.558 |
2444.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.889 |
4.572 |
4.040 |
|
(ii)
Intangible Assets |
0.086 |
0.093 |
0.119 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
3.975 |
4.665 |
4.159 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
128.089 |
0.000 |
9.475 |
|
(b)
Inventories |
2819.569 |
2627.894 |
2400.664 |
|
(c) Trade
receivables |
222.426 |
95.702 |
5.377 |
|
(d) Cash and
bank balances |
81.053 |
16.652 |
5.496 |
|
(e)
Short-term loans and advances |
29.508 |
28.060 |
18.494 |
|
(f) Other
current assets |
3.550 |
0.585 |
1.235 |
|
Total
Current Assets |
3284.195 |
2768.893 |
2440.741 |
|
|
|
|
|
|
TOTAL |
3288.170 |
2773.558 |
2444.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
826.801 |
259.708 |
149.140 |
|
|
Other Income |
13.430 |
9.330 |
8.019 |
|
|
TOTAL |
840.231 |
269.038 |
157.159 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
657.720 |
166.710 |
(382.828) |
|
|
Employee benefit expense |
0.000 |
0.000 |
26.215 |
|
|
Other expenses |
78.131 |
69.227 |
355.187 |
|
|
TOTAL |
735.851 |
235.937 |
(1.426) |
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
104.380 |
33.101 |
158.585 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
136.421 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION |
104.380 |
33.101 |
22.164 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.049 |
0.874 |
1.805 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
103.331 |
32.227 |
20.359 |
|
|
|
|
|
|
|
Less |
TAX |
34.170 |
10.748 |
6.848 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
69.161 |
21.479 |
13.511 |
|
|
|
|
|
|
|
|
Earnings Per Share (INR) |
17.26 |
5.37 |
3.38 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
8.333 |
0.000 |
100.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(45.796) |
99.109 |
(214.927) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(62.666) |
84.251 |
(219.817) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
98.19 |
134.50 |
13.16 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.72 |
2.71 |
27.74 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.04 |
0.01 |
0.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
26.26 |
7.10 |
38.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.96 |
1.01 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.05 |
19.17 |
24.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.92 |
7.35 |
6.76 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.05 |
0.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
1.16 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.36 |
8.27 |
9.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.10 |
0.77 |
0.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.34 |
21.35 |
17.07 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.31 |
3.74 |
4.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.61 |
0.19 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.04 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
37.65 |
48.23 |
48.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.31 |
3.74 |
4.56 |
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 |
40.000 |
40.000 |
45.153 |
|
Reserves & Surplus |
39.148 |
60.627 |
784.410 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
79.148 |
100.627 |
829.563 |
|
|
|
|
|
|
Long-term borrowings |
1829.200 |
1929.200 |
1691.667 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
100.000 |
0.000 |
8.333 |
|
Total
borrowings |
1929.200 |
1929.200 |
1700.000 |
|
Debt/Equity
ratio |
24.375 |
19.172 |
2.049 |
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 |
149.140 |
259.708 |
826.801 |
|
|
|
74.137 |
218.358 |
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 |
149.140 |
259.708 |
826.801 |
|
Profit |
13.511 |
21.479 |
69.161 |
|
|
9.06
% |
8.27
% |
8.36
% |
LEGAL CASE
|
CASE DETAILS Bench: Bombay |
|
Presentation Date: 05.08.2016 |
|
Lodging No.: CPL/638/2016 Filing Date: 05.08.2016 |
|
Petitioner: NETWORK ADVERTISING PRIVATE LIMITED Respondent: PURANIK BUILDCON PRIVATE LIMITED Petn. Adv.: Bhandary and Bhandary (I2549] District: Mumbai |
|
Bench: Single Status: Transferred Category: Company Petition U/SEC 433, 434, 439 Companies Act Transfer Date: 01.02.2017 Remark: Transferred to NCLT Vide Office Letter No. Com/58/2017, DT. 01.02.2017 |
|
Act: Companies Act and Rules 1956 Under Section: 433 (E), 434, 439 |
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 |
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 |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G03551546 |
100027592 |
IL & FS TRUST
COMPANY LIMITED |
22/04/2016 |
- |
- |
1350000000.0 |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA
EASTMUMBAIMA400051IN |
|
2 |
G03398468 |
100026246 |
IL & FS TRUST
COMPANY LIMITED |
30/03/2016 |
- |
- |
1650000000.0 |
IL & FS FINANCIAL
CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMA400051IN |
|
3 |
G48567937 |
10110307 |
ILF ADVOCATES |
05/09/2007 |
20/08/2009 |
01/07/2017 |
1551800000.0 |
E-904 SECOND
FLOOR,C.R. PARK,NEW DELHIDL110019IN |
|
4 |
G01270651 |
10362204 |
BANK OF INDIA |
01/06/2012 |
- |
13/04/2016 |
350000000.0 |
THANE MID
CORPORATE BRANCH, G-5,GROUND FLOOR, AKRUTI SMC, KOPAT
JUNCTION,THANEMH400051IN |
|
5 |
G01425396 |
10507580 |
BANK OF INDIA |
15/05/2014 |
- |
02/04/2016 |
700000000.0 |
G-5, GROUND FLOOR,
AKRUTI SMC, KHOPAT JUNCTION,OFF LBS MARG, THANE (WEST)THANEMH400601IN |
|
6 |
G01423334 |
10414551 |
BANK OF INDIA |
01/02/2013 |
- |
02/04/2016 |
550000000.0 |
G-5, GROUND FLOOR,
AKRUTI SMC, KHOPAT JUNCTION,OFF LBS MARG,THANE (WEST)THANEMH400601IN |
|
7 |
C60006301 |
10114854 |
BANK OF INDIA |
25/06/2008 |
- |
22/07/2015 |
150000000.0 |
THANE(MAIN)
BRANCH, BANK OF INDIA BUILDING,1ST FLOOR,SHIVAJI
PETH,THANE(WEST)THANEMH400601IN |
|
8 |
B42954644 |
10174122 |
BANK OF INDIA |
23/07/2009 |
- |
03/07/2012 |
100000000.0 |
THANE MAIN BRANCH,
SHIVAJI PATHOPP M H HIGHSCHOOLTHANE WESTMH400601IN |
|
9 |
B42965483 |
10233498 |
BANK OF INDIA |
23/06/2010 |
- |
03/07/2012 |
150000000.0 |
THANE MAIN BRANCH,
SHIVAJI PATHOPP. M.H. HIGH SCHOOL, TALAOPALITHANEMH400601IN |
NATURE OF BUSINESS
The Company continues to be engaged in the activities pertaining to development of Real Estate and Infrastructure Project.
There was no change in the nature of business of the Company during the financial year.
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.22 |
|
UK Pound |
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.